2015-11-13T16:05:06-06:00 2014-12-31 PRICEWATERHOUSECOOPERS LLP 600 13TH STREET NW SUITE 1000 WASHINGTON DC 200053005 990 2014-01-01 943274043 CALIFORNIA INDEPENDENT SYSTEM OPERATOR CORPORATION % DENNIS ESTRADA CALI 9163514400 250 OUTCROPPING WAY FOLSOM CA 95630 RYAN SEGHESIO CFO & TREASURER 9163514400 2015-11-12 true KATRINA D WALKER P00997158 2024141000 2014 2016-03-07 17:11:31Z STEPHEN BERBERICH 250 OUTCROPPING WAY FOLSOM CA 95630 217588671 false X WWW.CAISO.COM X 1997 CA CALIFORNIA ISO'S MISSION STATEMENT HAS BEEN INCLUDED ON SCHEDULE O. 4 4 623 0 0 0 0 210394962 213714511 3165762 1892337 118004 109157 213678728 215716005 0 0 0 0 108893390 109274751 0 0 0 145677995 105156742 254571385 214431493 -40892657 1284512 821337931 826368570 710427607 714916896 110910324 111451674 X CALIFORNIA ISO'S MISSION STATEMENT HAS BEEN INCLUDED ON SCHEDULE O. false false 193824488 213823668 THE ORGANIZATION ACTS AS THE SYSTEM OPERATOR OF AN INTEGRATED STATEWIDE ELECTRICITY TRANSMISSION GRID. 193824488 true false false true false false false false false false true false false false true false true false false false false false false false false false false false false true true false false false false false false false false false false false false false false false true false false false true 178 0 true 623 true false false false false false false false false false false X 4 4 false false false false false true false true true false false true true true true true true true true false CA X DENNIS ESTRADA 9163512235 250 OUTCROPPING WAY FOLSOM CA 95630 ASHUTOSH BHAGWAT BOARD OF GOVERNORS 4.0 0.0 X 56750 0 0 ROBERT FOSTER THROUGH 0914 CHAIRMAN, BOARD OF GOVERNORS 4.0 0.0 X 41446 0 0 ANGELINA GALITEVA BOARD OF GOVERNORS 4.0 0.0 X 47168 0 0 RICHARD MAULLIN BOARD OF GOVERNORS 4.0 0.0 X 37250 0 0 DAVID OLSEN BOARD OF GOVERNORS 4.0 0.0 X 55250 0 0 STEPHEN BERBERICH PRESIDENT & CEO 40.0 0.0 X 1040272 0 121898 KEITH CASEY VP, MKT AND INFRASTRUCTURE DEV 40.0 0.0 X 615915 0 70227 ROGER COLLANTON VP, GEN CNSL & CHIEF COMP OFF 40.0 0.0 X 353212 0 67645 KAREN EDSON VP, POLICY AND CLIENT SERVICES 40.0 0.0 X 588927 0 85392 PETAR RISTANOVIC VP, TECHNOLOGY 40.0 0.0 X 539925 0 73001 MARK ROTHLEDER VP, MKT QTY & RENEW INTEGRTN 40.0 0.0 X 479154 0 97931 NANCY SARACINO VP, GEN COUN & CHIEF ADMIN OFF 40.0 0.0 X 449467 0 12006 ERIC SCHMITT VP, OPERATIONS 40.0 0.0 X 524864 0 75700 RYAN SEGHESIO CFO & TREASURER 40.0 0.0 X 285257 0 49278 KHALED ABDUL-RAHMAN EXC DIR, PWR SYS&SMRT GRD TECH 40.0 0.0 X 314010 0 49581 HUGO FRECH DIR, IT INFRA ENGR & NTWK OPS 40.0 0.0 X 213427 0 45503 NANCY TRAWEEK EXEC. DIR., SYSTEM OPERATIONS 40.0 0.0 X 311557 0 66561 REBECCA REGAN EXEC DIRECTOR, HUMAN RESOURCES 40.0 0.0 X 243504 0 40999 JOHN ANDERS LEAD COUNSEL 40.0 0.0 X 289616 0 58403 LORENZO KRISTOV PRIN, MKT & INFRASTRUCTURE PCY 40.0 0.0 X 302403 0 54695 SIDNEY MANNHEIM ASST GEN COUNSEL - TARIFF 40.0 0.0 X 303680 0 49289 ANNA MCKENNA ASST GEN COUNSEL - REGULATORY 40.0 0.0 X 302373 0 33062 NEIL MILLAR EXEC DIR, INFRASTRUCTURE DEV 40.0 0.0 X 306616 0 52806 MATTHEW TURNER DIR., IT ENTERPRISE/CAMPUS OPS 40.0 0.0 X 250145 0 54720 DEBORAH LE VINE DIR, INFRASTCR CNTRCTS & MGMT 40.0 0.0 X 278520 0 48489 8230708 0 1207186 451 true true false SIEMENS INDUSTRY INC DEPT CH 14381 PALATINE IL 60055 ENGINEERING SERVICES 13470084 CORESTAFF SERVICES PO BOX 60876 CHARLOTTE NC 28260 TEMPORARY STAFFING 4725714 TECH-NET INC 101 PARKSHORE DRIVE SUITE 100 FOLSOM CA 95630 IT PROFESSIONALS 2762163 ALSTON BIRD LLP 1201 W PEACHTREE STREET ATLANTA GA 30309 ATTORNEYS 2732236 AGILE GLOBAL SOLUTIONS 12401 FOLSOM BLVD SUITE 312 RANCHO CORDOVA CA 95742 IT PROFESSIONALS 1361551 36 0 GRID MANAGEMENT CHARGE 221000 197654385 197654385 LGIP REVENUES 221000 8503302 8503302 COI PATH OPERATOR FEES 221000 2121528 2121528 MSS REVENUES/FORECASTING FEES 221000 2441734 2441734 EIM REVENUES 221000 2870532 2870532 123030 123030 213714511 1756349 1756349 0 0 0 0 0 2008654 1837828 34838 170826 -34838 135988 135988 0 0 0 OTHER MISCELLANEOUS INCOME 900099 109157 109157 109157 215716005 213823668 1892337 X 0 0 0 0 6769003 4613151 2155852 0 78020138 70452710 7567428 9442418 8526567 915851 9441268 8525529 915739 5601924 5058575 543349 0 3816649 3678806 137843 945768 945768 113089 113089 0 0 25848730 22565719 3283011 40252 8948 31304 4411399 3894170 517229 13731075 13081277 649798 0 2834392 2559475 274917 1889194 1632670 256524 0 688598 602605 85993 8508879 8508879 0 39654426 39654426 1761042 0 1761042 TRAINING EXPENSES 668425 198591 469834 PROFESSIONAL & MEMBER DUES 244824 149301 95523 214431493 193824488 20607005 0 0 0 478362046 493243471 0 0 23943127 11411186 0 0 0 0 0 0 0 0 5911043 7961820 599286189 418990107 193852874 180296082 71152331 91802596 0 0 34534809 28736827 0 0 13581701 12916588 821337931 826368570 43666994 40433101 0 0 0 0 225789760 201617016 0 0 0 0 0 0 0 0 440970853 472866779 710427607 714916896 X 95536522 107639449 0 0 15373802 3812225 110910324 111451674 821337931 826368570 X 1284512 -737488 -5674 X false true X true false X X 1 STATE OF CALIFORNIA 680284175 0 false 0 0 1 0 true true false false false false false false false false false false false false false true false PART IV, SECTION A, LINE 1 SEE SCHEDULE O. PART IV, SECTION A, LINE 2 SEE SCHEDULE O. 113089 113089 214262295 214375384 1000000 250000 1000000 1000000 1000000 1000000 4000000 6000000 73736 72463 73853 113089 333141 250000 250000 250000 250000 1000000 1500000 0 0 0 0 0 9098162 9098162 140394498 26481353 113913145 3423718 2842872 580846 37684809 31159825 6524984 408685002 358506057 50178945 180296082 0 REFUND OBLIGATIONS 1980969 EMPLOYEE BENEFIT PLAN OBLIGATIONS 22073381 DUE TO MARKET PARTICIPANTS 448812429 472866779 214951574 -737488 -5674 -743162 215694736 21269 21269 215716005 214410224 -21269 -21269 214431493 214431493 PART XI, LINE 2D DEBT ISSUANCE COSTS (5,674) PART XI, LINE 4B LOSS ON SALE OF ASSETS (34,838) PROPERTY TAX REFUND 56,107 ---------- TOTAL 21,269 PART XII, LINE 2D LOSS ON SALE OF ASSETS 34,838 PROPERTY TAX REFUND (56,107) ---------- TOTAL (21,269) X X X X false true false false false false false false false STEPHEN BERBERICH PRESIDENT & CEO 462226 0 491923 0 86123 0 90421 0 31477 0 1162170 0 53804 0 KEITH CASEY VP, MKT AND INFRASTRUCTURE DEV 289126 0 273926 0 52863 0 68865 0 1362 0 686142 0 32783 0 ROGER COLLANTON VP, GEN CNSL & CHIEF COMP OFF 264924 0 74486 0 13802 0 44353 0 23292 0 420857 0 0 0 KAREN EDSON VP, POLICY AND CLIENT SERVICES 265009 0 280444 0 43474 0 58811 0 26581 0 674319 0 24243 0 PETAR RISTANOVIC VP, TECHNOLOGY 260749 0 217548 0 61628 0 46755 0 26246 0 612926 0 28293 0 MARK ROTHLEDER VP, MKT QTY & RENEW INTEGRTN 255287 0 165867 0 58000 0 63390 0 34541 0 577085 0 18600 0 NANCY SARACINO VP, GEN COUN & CHIEF ADMIN OFF 71060 0 319112 0 59295 0 5807 0 6199 0 461473 0 30675 0 ERIC SCHMITT VP, OPERATIONS 270111 0 236577 0 18176 0 48704 0 26996 0 600564 0 0 0 RYAN SEGHESIO CFO & TREASURER 210576 0 74458 0 223 0 23281 0 25997 0 334535 0 0 0 KHALED ABDUL-RAHMAN EXC DIR, PWR SYS&SMRT GRD TECH 228568 0 84939 0 503 0 30165 0 19416 0 363591 0 0 0 HUGO FRECH DIR, IT INFRA ENGR & NTWK OPS 176304 0 36202 0 921 0 25219 0 20284 0 258930 0 0 0 NANCY TRAWEEK EXEC. DIR., SYSTEM OPERATIONS 226048 0 85011 0 498 0 34500 0 32061 0 378118 0 0 0 JOHN ANDERS LEAD COUNSEL 222284 0 66099 0 1233 0 31933 0 26470 0 348019 0 0 0 LORENZO KRISTOV PRIN, MKT & INFRASTRUCTURE PCY 209689 0 81535 0 11179 0 32178 0 22517 0 357098 0 0 0 SIDNEY MANNHEIM ASST GEN COUNSEL - TARIFF 233342 0 68608 0 1730 0 33041 0 16248 0 352969 0 0 0 ANNA MCKENNA ASST GEN COUNSEL - REGULATORY 227544 0 74503 0 326 0 29643 0 3419 0 335435 0 0 0 NEIL MILLAR EXEC DIR, INFRASTRUCTURE DEV 233145 0 72204 0 1267 0 26285 0 26521 0 359422 0 0 0 DEBORAH LE VINE DIR, INFRASTCR CNTRCTS & MGMT 226892 0 50690 0 938 0 34500 0 13989 0 327009 0 0 0 MATTHEW TURNER DIR., IT ENTERPRISE/CAMPUS OPS 203439 0 45583 0 1123 0 27332 0 27388 0 304865 0 0 0 REBECCA REGAN EXEC DIRECTOR, HUMAN RESOURCES 197264 0 44376 0 1864 0 22402 0 18597 0 284503 0 0 0 PART I, LINE 4B IN 2014, THE INDIVIDUALS LISTED BELOW PARTICIPATED IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN. CALIFORNIA ISO CONTRIBUTED THE FOLLOWING AMOUNTS TO THE PLAN WHICH ARE INCLUDED IN THE DEFERRED COMPENSATION REPORTED ON SCHEDULE J, PART II: STEPHEN BERBERICH, PRESIDENT & CEO $66,372 KEITH CASEY, VP, MKT & INFRASTRUCTURE DEV. $34,531 KAREN EDSON, VP, POLICY AND CLIENT SERVICES $25,020 PETAR RISTANOVIC, VP, TECHNOLOGY $44,243 MARK ROTHLEDER, VP, MARKET QUALITY & RENEWABLE INTEGRATION $19,818 NANCY SARACINO, VP, GEN COUNSEL & CHIEF ADMIN OFFICER $30,675 ERIC SCHMITT, VP, OPERATIONS $1,086 A CA INFRASTRUCTURE AND ECONOMIC DEVELOPMENT BANK 630304653 13033W2W2 2009-07-22 201998064 FINANCE, DESIGN & CONSTR OF NEW HQ true false false B CA INFRASTRUCTURE AND ECONOMIC DEVELOPMENT BANK 630304653 13033WM67 2008-06-19 206158489 COMPUTER HARDWARE/SOFTWARE SYSTEMS false false false C CA INFRASTRUCTURE AND ECONOMIC DEVELOPMENT BANK 630304653 13034ADT4 2013-11-14 202378588 REFUNDING CIEDB SERIES 2009 BONDS false false false A 0 200000000 208958798 0 11141374 0 2130086 0 0 182391727 0 6334877 2010 false false true true B 196970000 0 212022199 0 1171502 140321639 1610587 0 0 61229761 1825000 0 2009 true false true true C 0 0 202378588 0 0 200902187 1639774 0 0 0 0 0 2013 false true true true A false false true true false 0.01730 0.01730 true false 0.00000 false true B false false false false 0.00000 0.00000 0.00000 true true 0.00090 true true C false false false false 0.00000 0.00000 0.00000 true false 0.00000 false true A true false false 0 false 0 false true B true false false 0 true MORGAN STANLEY 6. true false true C true false false 0 false 0 false true A false B false C false PART II, LINE 3 THE DIFFERENCE BETWEEN THE TOTAL PROCEEDS OF ISSUE REPORTED IN PART II, LINE 3 AND THE ISSUE PRICE LISTED IN PART I, COLUMN (E) REPRESENTS INVESTMENT EARNINGS. PART III, LINE 3B THE CORPORATION ROUTINELY SEEKS ADVICE FROM BOTH IN-HOUSE AND OUTSIDE COUNSEL ON MATTERS RELATED TO PRESERVING THE TAX-EXEMPT STATUS OF BONDS ISSUED FOR THE BENEFIT OF THE CORPORATION. IN 2010, THE CORPORATION ENTERED INTO A 5-YEAR FOOD SERVICE AGREEMENT WITH A PRIVATE BUSINESS ENTITY TO OPERATE THE CAFETERIA, DINING ROOM AND KITCHEN EQUIPMENT AT THE CORPORATION'S HEADQUARTERS FACILITY, A PORTION OF THE COST OF WHICH WAS FINANCED BY TAX-EXEMPT BONDS. BECAUSE THAT INITIAL CONTRACT CALLED FOR A PRIVATE PARTY TO OPERATE ONLY A RELATIVELY SMALL PORTION OF THE HEADQUARTERS FACILITY (PROVIDING ONLY ANCILLARY SUPPORT TO THE CORE FUNCTION OF THE HEADQUARTERS FACILITY) AND WAS FOR A TERM OF ONLY 5 YEARS, THE CORPORATION SOUGHT ADVICE ON THE INITIAL CONTRACT ONLY FROM IN-HOUSE COUNSEL. DURING 2013, THE CORPORATION ENGAGED OUTSIDE COUNSEL TO REVIEW THE CONTRACT. PART I, LINE 1 - CALIFORNIA ISO'S MISSION STATEMENT: TO ENSURE EFFICIENT USE AND RELIABLE OPERATION OF THE ELECTRIC TRANSMISSION GRID OPERATED BY THE ISO, CONSISTENT WITH THE CALIFORNIA PUBLIC UTILITY CODE, CHAPTER 2.3, PART 1, DIVISION 1. THE ISO DOES NOT OWN TRANSMISSION FACILITIES, BUT IT CONTROLS THE OPERATION OF A NETWORK OF TRANSMISSION FACILITIES LOCATED THROUGHOUT MOST OF CALIFORNIA, AND ALSO CERTAIN TRANSMISSION FACILITIES LOCATED IN NEIGHBORING STATES, CANADA AND MEXICO, THE OWNERS OF WHICH HAVE TRANSFERRED OPERATIONAL CONTROL TO THE ISO. FOR THE BENEFIT OF OUR CUSTOMERS, WE: - OPERATE THE GRID RELIABLY AND EFFICIENTLY; - PROVIDE FAIR AND OPEN TRANSMISSION ACCESS; - PROMOTE ENVIRONMENTAL STEWARDSHIP; AND - FACILITATE EFFECTIVE MARKETS AND PROMOTE INFRASTRUCTURE DEVELOPMENT. ALL THROUGH THE PROVISION OF TIMELY AND ACCURATE INFORMATION. PART VI, LINE 7 THE BOARD OF CALIFORNIA ISO IS COMPOSED OF MEMBERS APPOINTED BY THE CALIFORNIA GOVERNOR AND CONFIRMED BY THE CALIFORNIA STATE SENATE. PART VI, LINE 11B THE FORM 990 IS REVIEWED BY THE VP, GENERAL COUNSEL AND CHIEF COMPLIANCE OFFICER, CFO, CONTROLLER, DIRECTOR OF COMMUNICATIONS, SENIOR COUNSEL - CORPORATE, AND DIRECTOR, HR OPERATIONS. THE FORM 990 IS PROVIDED TO THE BOARD OF GOVERNORS PRIOR TO FILING. PART VI, LINE 12 ANNUALLY, EMPLOYEES ARE REQUIRED TO ATTEND THE ANNUAL ALL EMPLOYEE TRAINING, WHICH INCLUDES: CONFLICT OF INTEREST, SECURITY AWARENESS, EMPLOYEE RELATIONS, SAFETY AND HARASSMENT PREVENTION. EMPLOYEES ARE REQUIRED ANNUALLY TO SIGN A FORM TO DISCLOSE IF ANY POTENTIAL CONFLICT OF INTEREST EXISTS THAT MAY AFFECT THE EMPLOYEE'S ABILITY TO PERFORM HIS/HER JOB. PART VI, LINE 15A & 15B SINCE 1998, THE BOARD OF GOVERNORS OF THE ISO HAS WORKED CLOSELY WITH NATIONALLY RECOGNIZED HUMAN RESOURCES AND EXECUTIVE COMPENSATION ADVISORY FIRMS, TO DEVELOP AN APPROPRIATE COMPENSATION PROGRAM FOR THE EXECUTIVES OF THE ISO. COMPETITIVE COMPENSATION FOR ALL NON-OFFICER EMPLOYEES IS ALSO ESTABLISHED BY ANNUAL THIRD-PARTY COMPENSATION SURVEYS. THESE FIRMS HELPED THE BOARD OF GOVERNORS DETERMINE THE APPROPRIATE LEVELS OF EXECUTIVE COMPENSATION BY COMPILING EXTENSIVE MARKET DATA CONCERNING EXECUTIVE COMPENSATION FOR POSITIONS SIMILAR TO EXECUTIVE POSITIONS AT THE ISO. THESE FIRMS HISTORICALLY HAVE MET WITH THE BOARD OF GOVERNORS AT LEAST ANNUALLY TO PRESENT EXECUTIVE COMPENSATION MARKET DATA, MAKE RECOMMENDATIONS AND OTHERWISE DISCUSS EXECUTIVE COMPENSATION ISSUES. THE BOARD RELIED ON THE COMPARABILITY DATA TO DETERMINE THE APPROPRIATE COMPENSATION, APPROVED THE COMPENSATION, AND DOCUMENTED THE APPROVAL IN ITS MINUTES. PART VI, LINE 19 THE ORGANIZATION MAKES AVAILABLE ON ITS WEBSITE (ACCESSIBLE BY THE PUBLIC) THE FINANCIAL STATEMENTS, THE CODE OF CONDUCT POLICY, THE TARIFF (RULES OF THE ISO MARKET), THE ARTICLES OF INCORPORATION (AND ALL AMENDMENTS), THE CORPORATE BY-LAWS AND THE MINUTES OF THE BOARD OF GOVERNORS' MEETINGS (EXCEPT FOR THE EXECUTIVE SESSIONS). PART XI, LINE 9 DEBT ISSUANCE COST (5,674) SCHEDULE A, PART IV, SECTION A, LINE 1 THE CALIFORNIA INDEPENDENT SYSTEM OPERATOR CORPORATION ("CAL ISO") WAS CREATED PURSUANT TO SPECIFIC LEGISLATION (ASSEMBLY BILL 1890 - CHAPTER 854, CALIFORNIA STATUTES OF 1996) IN WHICH THE STATE OF CALIFORNIA ASSUMED A SUBSTANTIALLY INCREASED ROLE IN PROMOTING COMPETITION IN THE SUPPLY OF ELECTRICITY IN CALIFORNIA IN ORDER TO ACCOMPLISH A MEANINGFUL IMMEDIATE REDUCTION IN THE OVERALL PRICE OF ELECTRIC SERVICE TO THE GENERAL PUBLIC THROUGHOUT CALIFORNIA. THE BOARD OF CAL ISO IS COMPOSED OF MEMBERS APPOINTED BY THE CALIFORNIA GOVERNOR AND CONFIRMED BY THE CALIFORNIA STATE SENATE. SCHEDULE A, PART IV, SECTION A, LINE 2 AS A GOVERNMENTAL UNIT, THE STATE OF CALIFORNIA DOES NOT HAVE AN IRS DETERMINATION LETTER CLASSIFYING IT AS A PUBLIC CHARITY UNDER SECTION 509(A)(1) OR (2) OF THE INTERNAL REVENUE CODE. THE STATE OF CALIFORNIA QUALIFIES AS A PUBLIC CHARITY UNDER SECTION 509(A)(1) BECAUSE IT QUALIFIES AS A GOVERNMENTAL UNIT. FORM 990 PART IX LINE 11G DESCRIPTION:CONSULTANTS TOTAL FEES:8429535 FORM 990 PART IX LINE 11G DESCRIPTION:RECRUITMENT/TEMPORARY STAFFING TOTAL FEES:7013947 FORM 990 PART IX LINE 11G DESCRIPTION:LGIP/OTHER CONTRACTS TOTAL FEES:10405248 STATE OF CALIFORNIA 680284175 GOVERNMENT CA 6 N/A NA false false false false false false false false false false false false false false false false false false false