2014-08-13T16:06:54-05:00 2013-12-31 GRANT THORNTON LLP ONE CALIFORNIA STREET SUITE 2300 SAN FRANCISCO CA 94111 990 2013-01-01 237175375 Electric Power Research Institute Inc % EPRI FINANCE DIVISION ELEC 6508552000 3420 Hillview Avenue Suite Palo Alto CA 94304 Pamela J Keefe SVP CFO and Treasurer 7045952524 2014-08-13 true QI WEN LIANG 4159863900 2013 2015-11-30 17:44:51Z Michael W Howard 3420 Hillview Avenue Palo Alto CA 94304 583299830 false X www.EPRI.com X 1972 DC See Schedule O 33 33 918 35 44202421 -4214752 0 0 379265089 376748690 7258033 1925522 4690371 4330483 391213493 383004695 1793028 1397468 0 0 137306278 133438809 0 0 0 219481058 221807177 358580364 356643454 32633129 26361241 305548528 328978340 222249249 219313264 83299279 109665076 X SEE SCHEDULE O false false 275106496 1397468 377673384 See Schedule O 275106496 true false false true false false false false false false true true false false true false false true false true true true false false false false false true true true false false false false false false false true false false false false false true true true false false true 464 0 true 918 true true true true JA SP UK EI false false false false false false false false X 33 33 false false false false true true true true true false false true true true true true true true true true true CA X EPRI FINANCE DIVISION 6508552000 3420 HILLVIEW AVENUE Palo Alto CA 94304 KIMBERLY S GREENE CHAIRMAN OF THE BOARD 1.0 0.0 X X 0 0 0 DENIS P O'BRIEN VICE CHAIRMAN 1.0 0.0 X X 0 0 0 NICHOLAS K AKINS DIRECTOR / CHAIR - PART YEAR 1.0 0.0 X X 0 0 0 KENNETH J ANDERSON DIRECTOR 1.0 0.0 X 0 0 0 JAY APT DIRECTOR - CYPT 1.0 0.0 X 8500 0 0 PATRICK R ATKINS DIRECTOR - CYPT 1.0 0.0 X 6500 0 0 YVES BAMBERGER DIRECTOR - CYPT 1.0 0.0 X 0 0 0 REBECCA BLALOCK DIRECTOR 1.0 0.0 X 0 0 0 JOHN A BOHN DIRECTOR 1.0 0.0 X 6500 0 0 W TERRY BOSTON DIRECTOR 1.0 0.0 X 0 0 0 JIM BURKE DIRECTOR 1.0 0.0 X 0 0 0 CAREN BYRD DIRECTOR 1.0 0.0 X 0 0 0 JORGE CARRASCO DIRECTOR 1.0 0.0 X 0 0 0 SHERYL CARTER DIRECTOR 1.0 0.0 X 0 0 0 DANIEL F COLE DIRECTOR 1.0 0.0 X 0 0 0 PAT K COLLAWN DIRECTOR 1.0 0.0 X 0 0 0 THEODORE F CRAVER JR DIRECTOR 1.0 0.0 X 0 0 0 MARK A CROSSWHITE DIRECTOR - CYPT 1.0 0.0 X 0 0 0 BRIAN DAMES DIRECTOR 1.0 0.0 X 0 0 0 ERROL B DAVIS JR DIRECTOR - CYPT 1.0 0.0 X 5000 0 0 ANITA J DECKER DIRECTOR - CYPT 1.0 0.0 X 0 0 0 WILLIAM K DRUMMOND DIRECTOR - CYPT 1.0 0.0 X 0 0 0 ANTHONY F EARLEY JR DIRECTOR 1.0 0.0 X 0 0 0 BENJAMIN G S FOWKE III DIRECTOR 1.0 0.0 X 0 0 0 W GARY GATES DIRECTOR 1.0 0.0 X 0 0 0 DUANE D HIGHLEY DIRECTOR 1.0 0.0 X 0 0 0 CRAIG IVEY DIRECTOR 1.0 0.0 X 0 0 0 JAMES Y KERR II DIRECTOR 1.0 0.0 X 7250 0 0 GALE E KLAPPA DIRECTOR 1.0 0.0 X 0 0 0 JAMES H LASH DIRECTOR 1.0 0.0 X 0 0 0 CONSTANCE H LAU DIRECTOR 1.0 0.0 X 0 0 0 TOM MITCHELL DIRECTOR 1.0 0.0 X 0 0 0 CHARLE G PARDEE DIRECTOR 1.0 0.0 X 0 0 0 GIL C QUINIONES DIRECTOR 1.0 0.0 X 0 0 0 DAVID SAGGAU DIRECTOR 1.0 0.0 X 0 0 0 BERNARD SALHA DIRECTOR 1.0 0.0 X 0 0 0 THOMAS A SMITH DIRECTOR - CYPT 1.0 0.0 X 0 0 0 THOMAS R STANDISH DIRECTOR 1.0 0.0 X 0 0 0 B KEITH TRENT DIRECTOR 1.0 0.0 X 0 0 0 DAVID G VICTOR DIRECTOR 1.0 0.0 X 3050 0 0 LIVIO VIDO DIRECTOR 1.0 0.0 X 0 0 0 MICHAEL W HOWARD PRESIDENT AND CEO 40.0 0.0 X 1156262 0 69108 HENRY A COURTRIGHT SVP GLOBAL STRAT AND EXT RELAT 40.0 0.0 X 606330 0 62001 CHRISTIAN B LARSEN SVP MEMBER AND TECH SVCS-CYPT 40.0 0.0 X 841615 0 59563 ARSHAD MANSOOR SVP RESEARCH AND DEVELOPMENT 40.0 0.0 X 574698 0 67313 C THOMAS ALLEY JR VP GENERATION 40.0 0.0 X 416011 0 55685 SALVADOR A CASENTE JR VP GEN COUNSEL AND SECRETARY 40.0 0.0 X 400648 0 38842 ROBERT N CHAPMAN VP TECHNICAL ADVISORY SVC 40.0 0.0 X 396234 0 63563 BRYAN J HANNEGAN VP ENVIRON. & RENEWABLES-CYPT 40.0 0.0 X 312778 0 42234 PAMELA J KEEFE VP CFO AND TREASURER 40.0 0.0 X 381909 0 49580 MARK MCGRANAGHAN VP POWER DELIVERY AND UTIL 40.0 0.0 X 403261 0 67102 ANDA RAY VP ENV AND CHIEF SUSTAIN OFFIC 40.0 0.0 X 88960 0 8638 CAROLYN R SHOCKLEY VP PEOPLE AND PERFORMANCE 40.0 0.0 X 451980 0 69108 NEIL M WILMSHURST VP NUCLEAR 40.0 0.0 X 480578 0 59501 JANIS G MENDELSON ASSISTANT CORP SECRETARY 40.0 0.0 X 120506 0 22825 KURT W EDSINGER DIRECTOR PWR AND BWR MATERIALS 40.0 0.0 X 309232 0 49558 NORRIS S HIROTA DIRECTOR GENERATION 40.0 0.0 X 331035 0 64193 MICHAEL J MILLER DIRECTOR ENVIRONMENT 40.0 0.0 X 313978 0 59956 TUAN M NGUYEN DIRECTOR OF OPERATION EXCELLEN 40.0 0.0 X 329940 0 34778 GEORGE R OFFEN SENIOR TECHNICAL EXECUTIVE 40.0 0.0 X 337868 0 47706 Clark W Gellings EPRI FELLOW 40.0 0.0 X 356864 0 55251 Rosa L Yang SENIOR TECHNICAL EXECUTIVE 40.0 0.0 X 338376 0 69187 8985863 0 1115692 498 true true false Southern Company Services Inc 241 Ralph McGill Boulevard NE ATLANTA GA 30308 Contract R&D 13907429 Systech Integrators Inc 2050 Gateway Place SAN JOSE CA 95110 ERP Implementation 5936475 Electricite de France 1 AVENUE DU GENERAL DE GAULLE CLAMART CEDEX 0 FR Contract R&D 4174916 Eaton Corporation 13100 E Michigan Avenue GALESBURG MI 49053 Contract R&D 3564811 Studsvik Nuclear AB SE-611 82 NYKOPING 0 SW Contract R&D 2865663 404 0 MEMBERSHIP FEE REVENUE 541900 181277692 164465822 16811870 SUPPLEMENTAL FUNDING 541900 187216766 168080447 19136319 BILLABLE SERVICES 541900 8254232 8254232 376748690 739589 739589 0 1464965 1464965 2343928 403104 1940824 0 1940824 1940824 200938136 139828 199892031 1046105 139828 1185933 1185933 0 0 0 SALE OF R&D REPORTS 900099 547990 547990 OTHER INCOME 900099 376704 376704 924694 383004695 333470963 44202421 5331311 1331695 1331695 25950 25950 39823 39823 0 7073980 7073980 5723 5723 92110954 53223379 38887575 11227672 7795658 3432014 16442809 11416660 5026149 6577671 4567044 2010627 0 561895 64996 496899 317985 7563 310422 5312 5312 0 269743 269743 718942 718942 0 14245900 13380394 865506 5002134 5002134 0 3837314 3625251 212063 13388225 9907858 3480367 0 7503719 6631135 872584 0 4396470 314032 4082438 9814727 9272331 542396 592065 592065 R&D EXPENSES 150750518 150750518 CONSULTING 3093613 3093613 TELEPHONE 1764857 1764857 EQUIPMENT RENTAL & MAINTENANCE 1057640 1057640 4486118 2752209 1733909 356643454 275106496 81536958 0 21867318 19749438 76071157 119659596 0 0 33885403 49183117 0 0 0 0 0 0 0 0 8346798 8052470 145130596 86075806 58944047 59054790 0 0 104588875 71688860 0 0 0 0 1844930 1590069 305548528 328978340 59537680 65954959 0 0 141559618 137883064 0 0 0 0 0 0 0 0 0 0 21151951 15475241 222249249 219313264 X 83299279 109665076 0 0 0 0 83299279 109665076 305548528 328978340 26361241 4556 X X false true X true true true X false false false 0 0 0 0 0 0 347282315 361989545 360794350 379265089 376748690 1826079989 0 0 0 347282315 361989545 360794350 379265089 376748690 1826079989 0 115756636 115845139 121175441 111578750 124546693 588902659 115756636 115845139 121175441 111578750 124546693 588902659 1237177330 6502035 23624183 5520706 4425618 4548482 44621024 0 6502035 23624183 5520706 4425618 4548482 44621024 0 1276315 1448243 2002177 1716193 924694 7367622 355060665 387061971 368317233 385406900 382221866 1878068635 0.65875 0.64765 0.02376 0.02646 X SCHEDULE A, PART III Support Schedule for Organizations Described in Section 509(a)(2): EPRI REPORTS ITS MEMBERSHIP DUES AS GROSS RECEIPTS FROM SERVICES PERFORMED. THESE PAYMENTS ARE MADE IN CONNNECTION WITH THE PERFORMANCE OF TAX EXEMPT SCIENTIFIC RESEARCH IN THE PUBLIC INTEREST, WHICH BY DEFINITION ALSO INCIDENTALLY BENEFITS EPRI MEMBERS WHO MAY IN CERTAIN CIRCUMSTANCES HAVE A DIRECT AND IMMEDIATE BENEFIT FROM SUCH RESEARCH. THE RESEARCH RESULTS MAY ALSO IN CERTAIN CIRCUMSTANCES HAVE A MORE DIRECT BENEFIT TO THE EPRI MEMBERS THAN TO THE GENERAL PUBLIC CONTEMPLATED WITHIN TREASURY REGULATION SECTION 1.509(A)-3(G)(2). LINE 12: OTHER INCOME INCLUDES INCOME FROM PREVIOUSLY PUBLISHED SCIENTIFIC RESEARCH REPORTS AND SOFTWARE AVAILABLE FOR SALE TO THE GENERAL PUBLIC AND INCOME FROM RELATED SCIENTIFIC RESEARCH ACTIVITIES CONDUCTED BY EPRI IN THE PUBLIC INTEREST. 5312 5312 275101184 275106496 1000000 250000 1000000 1000000 1000000 1000000 4000000 6000000 10262 24113 1047 5312 40734 250000 250000 250000 250000 1000000 1500000 2293299 2293299 68183152 40807643 27375509 4814239 3762529 1051710 28822243 20853814 7968429 41017663 20651820 20365843 59054790 LONG TERM INVESTMENTS 69914527 F INVESTMENT IN SUBSIDIARIES 1769410 F INVESTMENT IN OTHER COMPANIES 4923 F 71688860 0 ACCRUED POST RETIREMENT BENEFITS 9534528 DEPOSIT ACCOUNTS 2578164 RETENTION PAYABLE - LONG TERM 1694 OTHER LONG-TERM LIABILITIES 1569303 INTERCO PAYABLE WITH RELATED PARTY 1791552 15475241 Schedule D, Part X, Line 2 FIN 48 (ASC 740) Footnote: EPRI adopted FIN 48 (codified as ASC 740) in 2009. The adoption in 2009 did not have a material impact on the EPRI financial statements. There was no change in 2012 or 2013. As a result, the financial statements do not have a FIN 48 liability recorded and a footnote for FIN 48 was not required. true Central America and the Caribbean Program Services R&D Project 100 East Asia and the Pacific Program Services R&D Project 2050412 Europe (Including Iceland and Greenland) 1 Program Services R&D Project 14088032 Middle East and North Africa Program Services R&D Project 4589 North America Program Services R&D Project 3394746 Russia and the Newly Independent States Program Services R&D Project 97260 South America Program Services R&D Project 99973 South Asia Program Services R&D Project 9660 Sub-Saharan Africa Program Services R&D Project 42597 East Asia and the Pacific Unrelated Trade or Business 812063 Europe (Including Iceland and Greenland) Unrelated Trade or Business 867695 North America Unrelated Trade or Business 52601 South America Unrelated Trade or Business 7946 Europe (Including Iceland and Greenland) Grantmaking 39823 East Asia and the Pacific Investments 26687674 Europe (Including Iceland and Greenland) Investments 34770997 North America Investments 22059128 1 1 105085296 105085296 Europe (Including Iceland and Greenland) Contribution 6568 ELECTRONIC Europe (Including Iceland and Greenland) CONTRIBUTION 27665 ELECTRONIC 2 false false false false false true Schedule F, Part I, Line 2: Monitoring the Use of Grant Funds Outside of the United States: EPRI occasionally makes grants to other institutions when doing so is consistent with and furthers EPRI's charitable purpose. Grants are made only to entities which are well known to EPRI and after appropriate due diligence. The permitted uses of the granted funds are communicated to the grantee and EPRI typically receives reports, technical papers, conference and similar materials demonstrating the appropriate use of the granted funds. true AMERICAN COUNCIL ON RENEWABLE ENERGY 1600 K STREET NW WASHINGTON DC 20006 522353661 501(c)(3) 50000 CONTRIBUTION AMERICAN NUCLEAR SOCIETY 555 N KENSINGTON AVE LG PARK IL 60526 362386176 501(c)(3) 10000 Contribution ARIZONA STATE UNIVERSITY 577 ENGINEERING RSRCH CTR TEMPE AZ 85287 860196696 115 461407 Contribution CARNEGIE MELLON UNIVERSITY 5000 FORBES AVENUE PITTSBURGH PA 15213 250969449 501(c)(3) 181372 Contribution KANU HAWAII 1050 BISHOP STREET HONOLULU HI 96813 205552831 501(c)(3) 12000 Contribution NDE RESEARCH ASSOCIATION LIMITED 22 LAW DRIVE FAIRFIELD NJ 07007 131623899 501(c)(3) 12000 Contribution OHIO STATE UNIVERSITY 1248 ARTHUR E ADAMS DR COLUMBUS OH 43221 316025986 115 11250 Contribution RESOURCES FOR THE FUTURE 1616 P STREET NW WASHINGTON DC 20036 530220900 501(c)(3) 25000 Contribution STANFORD UNIVERSITY 326 GALVEZ STREET STANFORD CA 94305 941156365 501(c)(3) 50000 Contribution THE ASPEN INSTITUTE ONE DUPONT CIRCLE WASHINGTON DC 20036 840399006 501(c)(3) 20000 Contribution THE UNIVERSITY OF NORTH CAROLINA 9201 UNIV CITY BLVD CHARLOTTE NC 28223 566059417 115 15000 Contribution UNIVERSITY OF CALIFORNIA SAN DIEGO 9500 GILMAN DRIVE LA JOLLA CA 92093 952872494 115 350000 Contribution UNIVERSITY OF MINNESOTA 2221 UNIV AVE SE MINNEAPOLIS MN 55414 416007513 115 66666 Contribution WILLAMETTE PARTNERSHIP 4640 SW MACADAM AVENUE PORTLAND OR 97239 331103430 501(c)(3) 25000 Contribution 14 HONORARIUM FOR PARTICIP AIR QUALITY ADV MEETING 1 1000 HONORARIUM FOR PARTICIP SAC ENV RISK MEETING 5 8000 HONORARIUM FOR SPEAKING EEI-EPRI FUEL SEMINAR 1 1500 HONORARIUM FOR SPEAKING ENV ADV MEETING 2 1850 Honorarium for Particip On Advisory Council 11 13600 Schedule I, Part I, Line 2 Monitoring the Use of Grant Funds in the United States: EPRI occasionally makes grants to other institutions when doing so is consistent with and furthers EPRI's charitable purpose. Grants are made only to entities which are well known to EPRI and after appropriate due diligence. The permitted uses of the granted funds are communicated to the grantee and EPRI typically receives reports, technical papers, conference and similar materials demonstrating the appropriate use of the granted funds. X X X X true true X X X X X true true false false false false false true false MICHAEL W HOWARD PRESIDENT AND CEO 540982 0 535264 0 80016 0 43000 0 26108 0 1225370 0 0 0 HENRY A COURTRIGHT SVP GLOBAL STRAT AND EXT RELAT 336672 0 240000 0 29658 0 43000 0 19001 0 668331 0 0 0 CHRISTIAN B LARSEN SVP MEMBER AND TECH SVCS-CYPT 268071 0 349400 0 224144 0 43000 0 16563 0 901178 0 0 0 ARSHAD MANSOOR SVP RESEARCH AND DEVELOPMENT 320577 0 229000 0 25121 0 43000 0 24313 0 642011 0 0 0 C THOMAS ALLEY JR VP GENERATION 249950 0 153000 0 13061 0 40783 0 14902 0 471696 0 0 0 SALVADOR A CASENTE JR VP GEN COUNSEL AND SECRETARY 238925 0 148000 0 13723 0 38812 0 30 0 439490 0 0 0 ROBERT N CHAPMAN VP TECHNICAL ADVISORY SVC 235652 0 148000 0 12582 0 39250 0 24313 0 459797 0 0 0 BRYAN J HANNEGAN VP ENVIRON. & RENEWABLES-CYPT 127164 0 153000 0 32614 0 28330 0 13904 0 355012 0 0 0 PAMELA J KEEFE VP CFO AND TREASURER 244284 0 119000 0 18625 0 36350 0 13230 0 431489 0 0 0 MARK MCGRANAGHAN VP POWER DELIVERY AND UTIL 247981 0 153000 0 2280 0 40994 0 26108 0 470363 0 0 0 CAROLYN R SHOCKLEY VP PEOPLE AND PERFORMANCE 267308 0 170000 0 14672 0 43000 0 26108 0 521088 0 0 0 NEIL M WILMSHURST VP NUCLEAR 277035 0 198000 0 5543 0 43000 0 16501 0 540079 0 0 0 KURT W EDSINGER DIRECTOR PWR AND BWR MATERIALS 222396 0 86523 0 313 0 30945 0 18613 0 358790 0 0 0 NORRIS S HIROTA DIRECTOR GENERATION 225562 0 104500 0 973 0 33885 0 30308 0 395228 0 0 0 MICHAEL J MILLER DIRECTOR ENVIRONMENT 221493 0 88292 0 4193 0 31648 0 28308 0 373934 0 0 0 TUAN M NGUYEN DIRECTOR OF OPERATION EXCELLEN 221669 0 107000 0 1271 0 33028 0 1750 0 364718 0 0 0 GEORGE R OFFEN SENIOR TECHNICAL EXECUTIVE 229727 0 105202 0 2939 0 33726 0 13980 0 385574 0 0 0 Clark W Gellings EPRI FELLOW 243910 0 109000 0 3954 0 35811 0 19440 0 412115 0 0 0 Rosa L Yang SENIOR TECHNICAL EXECUTIVE 223642 0 113277 0 1457 0 34674 0 34513 0 407563 0 0 0 Schedule J, Part I, Line 1a Questions Regarding Compensation: First Class Travel: EPRI's CEO and senior vice presidents are required to travel frequently and often for extended periods away from home. To lessen the burden and increase productivity first class travel is allowed and pre-approved for EPRI's CEO and senior vice presidents during periods when the individual is subjected to a heavy travel schedule and extended flight duration. Travel for Companions: EPRI recognizes exceptional employee achievement through an annual award program. EPRI officers and award winners may be reimbursed for companion travel for one guest to attend the annual award ceremony. The travel reimbursement is reported on the employee's Form W-2 as taxable income as required and reported on Schedule J, Part II, Column B(iii). Gross-Up Payments: EPRI provides a gross up related to the taxes payable on the additional taxable income reported for the reimbursement of companion travel to attend the annual award ceremony. The following Individuals received payments for reimbursement of companion travel in 2013. Mark Mcgranaghan $1,216 George R Offen $449 Clark W Gellings $825 Personal Services: EPRI makes available to its key officers a financial planning benefit through an outside vendor, which each officer may determine to accept or decline. Officers selecting the service may also use the planner for tax preparation advice. The benefit is treated as taxable income to the officer. The following officers accepted a voluntary financial planning benefit offered by EPRI, which in 2013 resulted in taxable income to the officers: Michael W Howard $12,000 Henry A Courtright $12,000 Arshad Mansoor $12,000 Charles T Alley Jr $12,000 Salvador A Casente Jr $12,000 Robert N Chapman $12,000 Bryan J Hannegan $6,000 Pamela J keefe $12,000 Anda Ray $2,334 Carolyn R Shockley $12,000 Line 4a: The following individual received severance, which is reported on his Form W-2 as taxable income as required and reported on Schedule J, Part II, Column B(iii). Christian B Larsen $184,038 Line 4a: The Institute has established severance plans for its regular employees, including officers. Employees have no pre-existing vested or accrued rights to a severance benefit under these plans, and the plans may be changed at the discretion of the Institute. Severance benefits in each plan are contingent upon qualifying employee terminations and other conditions as required in the particular plan. Generally under the plans the amount of any severance benefit provided is dependent upon the position held by the employee and length of service up to forty two weeks of salary and two months of health benefit continuation in the officer plan. In connection with the long term incentive program, officers as determined by the board or a board committee may be entitiled to a payment upon qualifying employment terminations, as required in the program. Line 4b: EPRI provides a retirement contribution for its employees based on their compensation. This retirement contribution is usually in the form of an employer contribution to its retirement plans. However, if the calculated retirement contribution exceeds the retirement plan employer contribution limit for the year, the amount of the retirement contribution in excess of the limit is reported on the employees' Form W-2 as taxable income as required and reported on Schedule J, Part II, Column B(iii) as follows: Michael W Howard $65,413 Henry A Courtright $15,304 Christian B Larsen $7,939 Arshad Mansoor $12,613 Carolyn R Shockley $1,510 Neil M Wilmshurst $4,886 Line 7: Officers, as well as employees, are eligible for incentive awards based on EPRI's results against Corporate Goals and each individual's performance and contribution toward achieving those goals. Incentive awards are strongly tied to both corporate and individual performance. Incentive awards are determined based as a percentage of base salary and are considered in the determination by EPRI of a total reasonable compensation package. The EPRI Board approves incentive payments for all officers. SEE SCH L PART V FOR FURTHER DETAILED INFORMATION ON TRANSACTIONS BELOW THE FOLLOWING ARE PAYMENTS TO EPRI AMERICAN ELECTRIC POWER BOARD DIRECTOR 1483014 FUNDING FOR SERVICES false DUKE ENERGY CORPORATION BOARD DIRECTOR 117000 FUNDING FOR SERVICES false EDISON INTERNATIONAL BOARD DIRECTOR 210000 FUNDING FOR SERVICES false ELECTRICITE DE FRANCE BOARD DIRECTOR 66159 FUNDING FOR SERVICES false ENEL BOARD DIRECTOR 125000 FUNDING FOR SERVICES false ENTERGY CORPORATION BOARD DIRECTOR 299374 FUNDING FOR SERVICES false EXELON CORPORATION BOARD DIRECTOR 92508 FUNDING FOR SERVICES false FIRSTENERGY CORPORATION BOARD DIRECTOR 74400 FUNDING FOR SERVICES false PGE CORPORATION BOARD DIRECTOR 48000 FUNDING FOR SERVICES false SALT RIVER PROJECT BOARD DIRECTOR 250000 FUNDING FOR SERVICES false SOUTHERN COMPANY BOARD DIRECTOR 82883 FUNDING FOR SERVICES false TENNESSEE VALLEY AUTHORITY BOARD DIRECTOR 306979 FUNDING FOR SERVICES false TOKYO ELECTRIC POWER COMPANYTEPCO BOARD DIRECTOR 318000 FUNDING FOR SERVICES false SEE SCHEDULE L PART V FOR FURTHER DETAILED INFORMATION ON THE TRANSACTIONS BELOW THE FOLLOWING ARE PAYMENTS BY EPRI AMERICAN ELECTRIC POWER Board Director 329586 PYMNT FOR PUBLIC INTEREST R&D false DUKE ENERGY CORPORATION Board Director 413874 PYMNT FOR PUBLIC INTEREST R&D false EDISON INTERNATIONAL Board Director 19500 PYMNT FOR PUBLIC INTEREST R&D false ELECTRICITE DE FRANCE Board Director 4174916 PYMNT FOR PUBLIC INTEREST R&D false EXELON CORPORATION Board Director 126601 PYMNT FOR PUBLIC INTEREST R&D false FIRSTENERGY CORPORATION Board Director 536595 PYMNT FOR PUBLIC INTEREST R&D false HAWAIIAN ELECTRIC INDUSTRIES INC Board Director 181192 PYMNT FOR PUBLIC INTEREST R&D false KOREA ELECTRIC POWER COMPANY Board Director 110967 PYMNT FOR PUBLIC INTEREST R&D false MASSACHUSETTS INST OF TECHNOLOGY BOARD DIRECTOR 674813 PYMNT FOR PUBLIC INTEREST R&D false NORTHEAST UTILITIES BOARD DIRECTOR 153819 PYMNT FOR PUBLIC INTEREST R&D false OMAHA PUBLIC POWER DISTRICT BOARD DIRECTOR 150000 PYMNT FOR PUBLIC INTEREST R&D false PGE CORPORATION BOARD DIRECTOR 87080 PYMNT FOR PUBLIC INTEREST R&D false SOUTHERN COMPANY BOARD DIRECTOR 14357940 PYMNT FOR PUBLIC INTEREST R&D false TENNESSEE VALLEY AUTHORITY BOARD DIRECTOR 296681 PYMNT FOR PUBLIC INTEREST R&D false TOKYO ELECTRIC POWER COMPANY BOARD DIRECTOR 14838 PYMNT FOR PUBLIC INTEREST R&D false Schedule L, Part IV Business Transactions Inolving Interested Persons: EPRI received payment from the organizations listed in Schedule L, Part IV to conduct services work associated with unrelated business activities. An individual that served as a current or former officer, director, trustee or key employee listed in EPRI's Form 990, Part VII, Section A may have served in a similar position for the listed organizations. All of the listed transactions were on an arms-length basis. EPRI made payment to the organizations listed in Schedule L, Part IV to conduct public interest and supplemental research. An individual that served as a current or former officer, director, trustee or key employee listed in EPRI's Form 990, Part VII, Section A may have served in a similar position for the listed organizations. All of the listed transactions were on an arms-length basis. Form 990, Part I, Line 1 and Part III, Line 1 Organization's Mission and Most Important Activities: EPRI conducts research and development relating to generation, delivery and use of electricity for the benefit of the public. An independent, nonprofit organization, EPRI brings together its scientists and engineers as well as experts from academia and industry to help address challenges in electricity, including reliability, efficiency, health, safety and the environment. EPRI also provides technology, policy and economic analyses to drive long-range research and development planning, and supports research in emerging technologies. EPRI's principal offices and laboratories are located in Palo Alto, CA; Charlotte, NC; Knoxville, TN; and Lenox, MA. Form 990, Part III, Line 4a Program Service Activity: EPRI's mission is to conduct research & development through science and technology with a view of providing benefits to its member's customers and the U.S. public. To accomplish this objective, EPRI develops and manages research and development programs for improving energy generation, delivery and usage. Program service expenses are direct charges to the research programs. Certain indirect expenses are included in the management and general expense category, as EPRI does not separate these expenses for financial accounting purposes. Form 990, Part VI, Section A, Line 6 Organization's Members or Stockholders: EPRI has three classes of members, namely: (a) Class I (1) Any person, firm, agency or corporation owned by the federal government, or by an agency, authority or instrumentality of the federal government, which is engaged to a substantial degree in the production, transmission or distribution of electric power for public use within the United States; (2) Any cooperative association or cooperative corporation which is engaged to a substantial degree in the production, transmission or distribution of electric power for public use within the United States; (3) Any nonfederal governmental or other public agency, authority or instrumentality, or any non-profit corporation, association or other non-profit organization operating pursuant to governmental oversight or regulation, which is engaged to a substantial degree in the production, transmission or distribution of electric power for public use within the United States; (4) Any corporation, association or other organization operating pursuant to governmental oversight or regulation, which is engaged to a substantial degree in operating, maintaining or assuring reliability of systems for the transmission of electric power for public uses within the United States and Canada; or (5) Any governmental or other public agency, authority or instrumentality within the United States which is engaged to a substantial degree in directly funding research and development related to the production, transmission, distribution, sale, and utilization of electric power, including but not limited to, energy efficiency, renewables, and environmental research. (b) Class II (1) Any investor-owned person, firm or corporation which is engaged to a substantial degree in the production, transmission or distribution of electric power for public use within the United States, or any person controlling such person, firm, corporation or other entity; (2) Any person, firm, corporation, or other entity which is engaged to a substantial degree within the United States in the production or sale of electric power and which is not regulated as a public utility, or any person controlling such person, firm or corporation. (c) Class III Any non-United States government agency or person, firm, corporation or other entity regulated as a utility, which is engaged to a substantial degree in the production, sale, transmission or distribution of electric power for public use outside the United States. Form 990, Part VI, Section A, Line 7a Members Power to Elect or Appoint Members of Governing Body: In 2013, the members of EPRI's Board of Directors were elected and appointed as follows: Class I members may elect seven members of the Board. The Tennessee Valley Authority and the Bonneville Power Administrator may each appoint one member of the Board. Class II members may elect fifteen members of the Board. Class III members may elect five members of the Board. The EPRI Governance and Nominating Committee may appoint six members of the Board. Form 990, Part VI, Section A, Line 7b Governance Decisions Reserved to Members: Members have the power to amend the articles of incorporation and may have other powers conferred by the Nonprofit Corporation Code of the District of Columbia. Form 990, Part VI, Section B, Line 11a Form 990 Review Process: An external tax firm and EPRI staff work together to gather the required tax information necessary to complete the tax return. The tax firm prepares an initial draft return and reviews the initial draft return with the finance and legal management team; items are discussed and reviewed. Recommended changes are reflected in the return and a draft tax return is prepared. The draft tax return is presented to the Audit Committee for their review and a copy is provided through a secure link to the Board of Directors. The audit committee may question EPRI management and the external tax firm or ask for clarification on any item on the return. After the Committee has reviewed the tax return, the return is filed with the appropriate governing tax authorities. Form 990, Part VI, Section B, Line 12c Monitoring and Enforcement of Conflict of Interest Policy: EPRI requires all employees to complete an annual statement disclosing any conflicts of interest and they have a requirement to update the disclosure on an ongoing basis. Form 990, Part VI, Section B, Lines 15a and 15b Determination of Compensation of Organization's CEO, Officers, and Key Employees: Officers' compensation decisions are determined by the Compensation and Leadership Development Committee of EPRI's Board of Directors, with the exception of determination of compensation levels for the CEO and new officers, which are usually determined by the Executive Committee of the Board of Directors. The Committees obtain and act in reliance upon appropriate comparability and benchmarking data for the officer positions from a nationally recognized independent source to support determinations of fair market value of officers' compensation for the services rendered. The Committees vote on officer compensation at their meetings and document the approval in the minutes. Form 990, Part VI, Section B, Line 16b Participation in a Joint Venture or Similar Arrangement with Taxable Entity: As defined by the Form 990 instructions, a joint venture or similar arrangement (or a "venture or arrangement") means any joint ownership or contractual arrangement through which there is an agreement to jointly undertake a specific business enterprise, investment, or exempt-purpose activity without regard to (1) whether the organization controls the venture or arrangement, (2) the legal structure of the venture or arrangement. EPRI performs services work and other unrelated business activities and reports that work as unrelated business income for appropriate tax treatment. Particular care is taken in structuring business arrangements such as commercialization transactions, strategic alliances, service centers, and other similar arrangements, including obtaining advice early in the process, in order to protect EPRI's tax-exempt status and minimize any liability. Form 990, Part VI, Section C, Line 19 Documents Made Available to the Public: EPRI makes its governing documents, conflict of interest policy, and audited financial statements for the past 3 years available to the public through its own website. Electricity Innovation Institute 3420 HIllview Avenue Palo Alto CA 94304 770562327 Dormant CA 501(c)(3) 9 EPRI Inc true EPRI Solutions Inc 942 Corridor Park Knoxville TN 37932 770449454 R&D Applic DE EPRI INC C Corp -5446 1902015 1.00000 true Epri International Inc 3420 Hillview Avenue Palo Alto CA 94304 522357247 Intl Sales DE EPRI INC C Corp 265925 535445 1.00000 true false false false false false false false false false false false true true true true false false false false EPRI INTERNATIONAL INC m 4396470 ACTUAL EXPENSE