MIDCONTINENT INDEPENDENT SYSTEM OPERATOR INC: Form 990, tax year 2010
View the entire original 990 at ProPublica ↗
- Organization
- MIDCONTINENT INDEPENDENT SYSTEM OPERATOR INC (EIN 43-1827033)
- Tax period
- 2010-01-01 to 2010-12-31
- Filed
- 2011-10-20
- IRS object ID
- 201102939349300910
- Schema version
- 2010v3.4
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2011-10-20T13:21:08-05:00 | Timestamp |
| Tax Period End Date | 2010-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ERNST & YOUNG US LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 111 MONUMENT CIRCLE SUITE 2600 | AddressLine1 |
| City | INDIANAPOLIS | City |
| State | IN | State |
| ZIP Code | 46204 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2010-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 431827033 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Midwest Independent Transmission | BusinessNameLine1 |
| Business Name Line2 | System Operator Inc | BusinessNameLine2 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | MIDW | NameControl |
| Phone | 3172495400 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 4202 | AddressLine1 |
| City | CARMEL | City |
| State | IN | State |
| ZIP Code | 46082 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Josephine Biggers | Name |
| Title | VP and Controller | Title |
| Phone | 3172495400 | Phone |
| Date Signed | 2011-10-19 | DateSigned |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 3176817000 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2010 | TaxYear |
| Build TS | 2016-03-07 17:11:31Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | John Bear | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 4202 | AddressLine1 |
| City | Carmel | City |
| State | IN | State |
| ZIP Code | 46082 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 328302225 | GrossReceipts |
| Group Return For Affiliates | false | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| Web Site | www.misoenergy.org | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1998 | YearFormation |
| State Legal Domicile | DE | StateLegalDomicile |
| Activity Or Mission Description | Monitor and control electric transmission system to provide non-discriminatory open-access to all customers and ensure safe, reliable, and efficient operation for the benefit of all. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 8 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 7 | NbrIndependentVotingMembers |
| Total Nbr Employees | 882 | TotalNbrEmployees |
| Total Nbr Volunteers | 0 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 1467515 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 2355959 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 308885964 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 317363482 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 2054882 | InvestmentIncomePriorYear |
| Investment Income Current Year | 834643 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 0 | OtherRevenuePriorYear |
| Other Revenue Current Year | 0 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 312408361 | TotalRevenuePriorYear |
| Total Revenue Current Year | 320554084 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 0 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 105193549 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 108008445 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 207388442 | OtherExpensePriorYear |
| Other Expenses Current Year | 212545639 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 312581991 | TotalExpensesPriorYear |
| Total Expenses Current Year | 320554084 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -173630 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 0 | RevenuesLessExpensesCY |
| Total Assets BOY | 643829892 | TotalAssetsBOY |
| Total Assets EOY | 807880110 | TotalAssetsEOY |
| Total Liabilities BOY | 643829892 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 807880110 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances EOY | 0 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | MONITOR AND CONTROL AN ELECTRIC TRANSMISSION SYSTEM THAT PROVIDES ALL CUSTOMERS WITH OPEN ACCESS TO THE SYSTEM WITHOUT DISCRIMINATION AND ENSURE SAFE, RELIABLE, AND EFFICIENT OPERATION FOR THE BENEFIT OF ALL CUSTOMERS. | MissionDescription |
| Significant New Program Services | false | SignificantNewProgramServices |
| Significant Change | false | SignificantChange |
| Activity Code | 525990 | ActivityCode |
| Expense | 260562585 | Expense |
| Revenue | 317363482 | Revenue |
| Description | On December 19, 2001, the Midwest Independent Transmission System Operator, Inc. (MISO or the Company) became the nation's first Regional Transmission Organization (RTO) approved by the Federal Energy Regulatory Commission (the FERC). As an RTO, MISO provides transmission service on behalf of its members who own transmission assets. In addition, MISO is a North American Electric Reliability Corporation (NERC) certified reliability coordinator. In that capacity, MISO monitors the flow of electricity over the transmission systems of its members who own transmission assets. MISO was incorporated as a Delaware nonstock, nonprofit corporation in March 1998. The Company is governed by an independent Board of Directors. Membership in MISO is open to owners of electric transmission facilities as well as other participants in the electric energy market. Thirty transmission owners with more than 93,600 miles of transmission lines, 130,000 megawatts of electric generation, and approximately $14.4 billion in installed gross transmission assets are currently participating in MISO. On December 15, 2001, the Company began providing reliability coordination services to the transmission-owning members of MISO and their customers. On the same date, MISO also began providing operations planning, generation interconnection, maintenance coordination, long-term regional planning, market monitoring, and dispute resolution services. The Company commenced substantially all operations on February 1, 2002, the date MISO began providing regional transmission service under its FERC-accepted Open Access Transmission and Energy Markets Tariff (the Tariff). On April 1, 2005, MISO formally began operating its market-based, congestion management system which features the following: o Day-Ahead energy market o Real-Time energy market o Financial Transmission Rights (FTR) market The day-ahead and real-time energy markets are designed to reliably make the most efficient use of all generation and transmission resources within the region based on bids and offers submitted by Market Participants. The day-ahead and real-time energy markets price transmission system congestion through the use of Locational Marginal Pricing (LMP) algorithms. FTRs provide a means of hedging LMP-based congestion costs. On January 6, 2009, MISO began operating a market for ancillary services. The ancillary services market integrates the procurement and use of regulation and contingency reserves with the existing real-time energy market. MISO also became an NERC-certified Balancing authority on January 6, 2009. | Description |
| Total Program Service Expense | 260562585 | TotalProgramServiceExpense |
| Described In501 C3 | false | DescribedIn501C3 |
| Schedule B Required | false | ScheduleBRequired |
| Political Activities | false | PoliticalActivities |
| Subject To Proxy Tax | false | SubjectToProxyTax |
| Donor Advised Funds | false | DonorAdvisedFunds |
| Conservation Easements | false | ConservationEasements |
| Collections Of Art | false | CollectionsOfArt |
| Credit Counseling | false | CreditCounseling |
| Term Or Permanent Endowments | false | TermOrPermanentEndowments |
| Report Land Bldg Equip | true | ReportLandBldgEquip |
| Report Invest Oth Securities | false | ReportInvestOthSecurities |
| Report Prog Rel Invest | false | ReportProgRelInvest |
| Report Other Assets | true | ReportOtherAssets |
| Report Other Liabilities | true | ReportOtherLiabilities |
| Report Fin48 Footnote | false | ReportFin48Footnote |
| Independent Audit Financial Stmt | true | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | false | ConsolidatedAuditFinancialStmt |
| School | false | School |
| Foreign Office | false | ForeignOffice |
| Foreign Activities | false | ForeignActivities |
| More Than5000 K To Organizations | false | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividuals |
| Professional Fundraising | false | ProfessionalFundraising |
| Fundraising Activities | false | FundraisingActivities |
| Gaming | false | Gaming |
| Hospital | false | Hospital |
| Financial Stmt Attached | false | FinancialStmtAttached |
| Grants To Organizations | false | GrantsToOrganizations |
| Grants To Individuals | false | GrantsToIndividuals |
| Schedule J Required | true | ScheduleJRequired |
| Tax Exempt Bonds | false | TaxExemptBonds |
| Excess Benefit Transaction | false | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | false | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | false | LoanToOfficerOrDQP |
| Grant To Related Person | false | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | false | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | false | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | false | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | false | DeductibleNonCashContributions |
| Deductible Contributions Of Art | false | DeductibleContributionsOfArt |
| Terminated | false | Terminated |
| Partial Liquidation | false | PartialLiquidation |
| Disregarded Entity | false | DisregardedEntity |
| Related Entity | false | RelatedEntity |
| Related Org Controlled Entity | false | RelatedOrgControlledEntity |
| Transaction Related Entity | false | TransactionRelatedEntity |
| Activities Conducted Partnership | false | ActivitiesConductedPartnership |
| Schedule O Required | true | ScheduleORequired |
| Number Forms Transmitted With1096 | 148 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | true | ComplianceWithBackupWitholding |
| Number Of Employees | 882 | NumberOfEmployees |
| Employment Tax Returns Filed | true | EmploymentTaxReturnsFiled |
| Unrelated Business Income | false | UnrelatedBusinessIncome |
| Foreign Financial Account | false | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTrans |
| Taxable Party Notification | false | TaxablePartyNotification |
| Non Deductible Contributions | false | NonDeductibleContributions |
| Indoor Tanning Services | false | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 8 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 7 | NumberIndependentVotingMembers |
| Family Or Business Relationship | false | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | false | DelegationOfManagementDuties |
| Changes To Organizing Docs | false | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuse |
| Members Or Stockholders | true | MembersOrStockholders |
| Election Of Board Members | true | ElectionOfBoardMembers |
| Decisions Subject To Approval | false | DecisionsSubjectToApproval |
| Minutes Of Governing Body | true | MinutesOfGoverningBody |
| Minutes Of Committees | true | MinutesOfCommittees |
| Officer Mailing Address | false | OfficerMailingAddress |
| Local Chapters | false | LocalChapters |
| Form990 Provided To Governing Body | true | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | true | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | true | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | true | RegularMonitoringEnforcement |
| Whistleblower Policy | true | WhistleblowerPolicy |
| Document Retention Policy | true | DocumentRetentionPolicy |
| Compensation Process CEO | true | CompensationProcessCEO |
| Compensation Process Other | true | CompensationProcessOther |
| Investment In Joint Venture | false | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | DC | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | IN | StatesWhereCopyOfReturnIsFiled |
| Other Website | X | OtherWebsite |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | JOSEPHINE BIGGERS | NamePerson |
| Telephone Number | 3172495400 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 4202 | AddressLine1 |
| City | CARMEL | City |
| State | IN | State |
| ZIP Code | 46082 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (23 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer | Highest Compensated EmployeeHighestCompensatedEmployee | FormerFormer |
|---|---|---|---|---|---|---|---|---|
| Paul J Feldman | ||||||||
| DIRECTOR | 6.0 | X | 147750 | 0 | 15000 | |||
| J Michael Evans | ||||||||
| DIRECTOR | 6.0 | X | 144000 | 0 | 15000 | |||
| Michael J Curran | ||||||||
| DIRECTOR | 6.0 | X | 135000 | 0 | 15000 | |||
| Judy Walsh | ||||||||
| DIRECTOR | 6.0 | X | 131000 | 0 | 15000 | |||
| Baljit Dail | ||||||||
| DIRECTOR | 6.0 | X | 117750 | 0 | 15000 | |||
| Shelley A Longmuir | ||||||||
| DIRECTOR | 6.0 | X | 130500 | 0 | 15000 | |||
| Eugene Zeltman | ||||||||
| DIRECTOR | 6.0 | X | 136500 | 0 | 15000 | |||
| John R Bear | ||||||||
| PRESIDENT & CEO | 40.0 | X | 1081896 | 0 | 222072 | X | ||
| Josephine A Biggers | ||||||||
| VP, TREASURE & CONTROLLER | 40.0 | 354068 | 0 | 62261 | X | |||
| Richard L Doying | ||||||||
| VP - MARKET OPERATIONS | 40.0 | 506333 | 0 | 98754 | X | |||
| Michael P Holstein | ||||||||
| VP & CFO | 40.0 | 523512 | 0 | 93314 | X | |||
| Bryan Kearney | ||||||||
| VP - INFORMATION SERVICES | 40.0 | 405339 | 0 | 79145 | X | |||
| Stephen G Kozey | ||||||||
| VP - GENERAL COUNSEL/SECRETARY | 40.0 | 608242 | 0 | 128594 | X | |||
| Clair J Moeller | ||||||||
| VP - TRANSMISSIONS ASSET MGMT | 40.0 | 556919 | 0 | 100565 | X | |||
| William C Phillips | ||||||||
| VP - STANDARDS COMP/STRATEGY | 40.0 | 566692 | 0 | 89162 | X | |||
| Greg Powell | ||||||||
| VP - HUMAN RESOURCES | 40.0 | 270169 | 0 | 64827 | X | |||
| Joseph Gardner | ||||||||
| EXEC. DIRECTOR SYSTEM WIDE OPS | 40.0 | 266162 | 0 | 29321 | X | |||
| Todd Hillman | ||||||||
| EXEC. DIR STRATEGIC BUSINESS | 40.0 | 281278 | 0 | 35266 | X | |||
| Todd Ramey | ||||||||
| EXEC. DIRECTOR MARKET ADMIN | 40.0 | 274243 | 0 | 34429 | X | |||
| Richard Schug | ||||||||
| EXEC. DIR PLANNING & PERFORMAN | 40.0 | 261473 | 0 | 39662 | X | |||
| Lori Spence | ||||||||
| DEPUTY GENERAL COUNSEL | 40.0 | 263629 | 0 | 36919 | X | |||
| David W Hadley | ||||||||
| VP- STATE REGULATORY RELATIONS | 0.0 | 301546 | 0 | 54248 | X | |||
| Roger C Harszy | ||||||||
| VP - REAL TIME OPERATIONS | 0.0 | 590585 | 0 | 106805 | X | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 8054586 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 1380344 | TotalOtherCompensation |
| Number Individuals GT100 K | 284 | NumberIndividualsGT100K |
| Formers Listed | true | FormersListed |
| Total Comp GT150 K | true | TotalCompGT150K |
| Compensation From Other Sources | false | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| DUANE MORRIS LLP | |||||
| 30 South 17th Street | PHILADELPHIA | PA | 191034196 | Legal services | 4635096 |
| POTOMAC ECONOMICS | |||||
| 9990 Fairfax Blvd | FAIRFAX | VA | 22030 | Market Research | 3270729 |
| UTILICAST | |||||
| PO Box 38 | KIRKLAND | WA | 98083 | PROF CONSULTING | 2723890 |
| UTILITY INTEGRATION | |||||
| 24 Benthill Ct | LAFAYETTE | CA | 94549 | SOFTWARE INTEGRATION | 1806980 |
| KLINGSTUBBINS INC | |||||
| 2301 Chestnut St | PHILADELPHIA | PA | 19103 | ARCHITECTURAL SERV. | 1543480 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 87 | NumberOfContractorsGT100K |
| Government Grants | 2355959 | GovernmentGrants |
| Total Contributions | 2355959 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (5 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| Cost Recovery Adder | 525990 | 261876532 | 261876532 |
| FERC Assessment | 525990 | 40517787 | 40517787 |
| OTHER TARIFF SERVICES | 525990 | 1620376 | 1620376 |
| CONTRACT REVENUE | 525990 | 2457858 | 2457858 |
| ENGINEERING STUDIES | 525990 | 10008979 | 10008979 |
Total Oth Program Service Revenue TotalOthProgramServiceRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 881950 | TotalRevenueColumn |
| Related Or Exempt Function Income | 881950 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 317363482 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 935695 | TotalRevenueColumn |
| Exclusion | $935,695 | ExclusionAmount |
Income From Invest Bond Proceeds IncomeFromInvestBondProceeds
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Royalties Revenue RoyaltiesRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | 7647090 | Other |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | 7748141 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | -101051 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -101052 | TotalRevenueColumn |
| Exclusion | -$101,052 | ExclusionAmount |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Net Income From Gaming NetIncomeFromGaming
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 0 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 320554084 | TotalRevenueColumn |
| Related Or Exempt Function Income | 317363482 | RelatedOrExemptFunctionIncome |
| Exclusion | $834,643 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Foreign Grants ForeignGrants
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Benefits To Members BenefitsToMembers
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 6859362 | Total |
| Program Services | 2402907 | ProgramServices |
| Management And General | 4456455 | ManagementAndGeneral |
Comp Disqual Persons CompDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1053184 | Total |
| Program Services | 697390 | ProgramServices |
| Management And General | 355794 | ManagementAndGeneral |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 78766973 | Total |
| Program Services | 64396659 | ProgramServices |
| Management And General | 14370314 | ManagementAndGeneral |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5695310 | Total |
| Program Services | 4890958 | ProgramServices |
| Management And General | 804352 | ManagementAndGeneral |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 9853175 | Total |
| Program Services | 8032155 | ProgramServices |
| Management And General | 1821020 | ManagementAndGeneral |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5780441 | Total |
| Program Services | 4874662 | ProgramServices |
| Management And General | 905779 | ManagementAndGeneral |
Fees For Services Management FeesForServicesManagement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 98854 | Total |
| Management And General | 98854 | ManagementAndGeneral |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 8148981 | Total |
| Management And General | 8148981 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 198480 | Total |
| Management And General | 198480 | ManagementAndGeneral |
Fees For Services Lobbying FeesForServicesLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 28465230 | Total |
| Program Services | 20732213 | ProgramServices |
| Management And General | 7733017 | ManagementAndGeneral |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 74380 | Total |
| Management And General | 74380 | ManagementAndGeneral |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1209376 | Total |
| Program Services | 952727 | ProgramServices |
| Management And General | 256649 | ManagementAndGeneral |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 18646605 | Total |
| Program Services | 18463247 | ProgramServices |
| Management And General | 183358 | ManagementAndGeneral |
Royalties Royalties
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 8742099 | Total |
| Program Services | 6886886 | ProgramServices |
| Management And General | 1855213 | ManagementAndGeneral |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3387639 | Total |
| Program Services | 1763935 | ProgramServices |
| Management And General | 1623704 | ManagementAndGeneral |
Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1446 | Total |
| Management And General | 1446 | ManagementAndGeneral |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 309661 | Total |
| Program Services | 157425 | ProgramServices |
| Management And General | 152236 | ManagementAndGeneral |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 17005596 | Total |
| Program Services | 13396737 | ProgramServices |
| Management And General | 3608859 | ManagementAndGeneral |
Payments To Affiliates PaymentsToAffiliates
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 74435817 | Total |
| Program Services | 64422238 | ProgramServices |
| Management And General | 10013579 | ManagementAndGeneral |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1768295 | Total |
| Program Services | 284709 | ProgramServices |
| Management And General | 1483586 | ManagementAndGeneral |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral |
|---|---|---|---|
| FERC Assessment | 40517787 | 40517787 | |
| Property Taxes | 1428219 | 1428219 | |
| Telecommunications | 5640941 | 4443843 | 1197098 |
| ALL OTHER EXPENSES | 2466233 | 1817888 | 648345 |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 320554084 | Total |
| Program Services | 260562585 | ProgramServices |
| Management And General | 59991499 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 190993 | BOY |
| EOY | 1936186 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 363074489 | BOY |
| EOY | 573043526 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 30244438 | BOY |
| EOY | 25002872 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 9647245 | BOY |
| EOY | 9305920 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 463356680 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 329824270 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 161019449 | BOY |
| EOY | 133532410 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 79653278 | BOY |
| EOY | 65059196 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 643829892 | BOY |
| EOY | 807880110 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 99141331 | BOY |
| EOY | 122516759 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 40010078 | BOY |
| EOY | 32035845 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1269138 | BOY |
| EOY | 1115891 | EOY |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 227351108 | BOY |
| EOY | 295240302 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 276058237 | BOY |
| EOY | 356971313 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 643829892 | BOY |
| EOY | 807880110 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 643829892 | BOY |
| EOY | 807880110 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expenses | 0 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 0 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | false | AccountantCompileOrReview |
| FS Audited | true | FSAudited |
| Audit Committee | true | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | true | FederalGrantAuditRequired |
| Federal Grant Audit Performed | true | FederalGrantAuditPerformed |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Art Public Exhibition Amts | ArtPublicExhibitionAmts | |
| Held Works Of Art Amts | HeldWorksOfArtAmts |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 2157662 | OtherCostOrOtherBasis |
| Book Value | 2157662 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 17739255 | OtherCostOrOtherBasis |
| Depreciation | 8050957 | Depreciation |
| Book Value | 9688298 | BookValue |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 23314574 | OtherCostOrOtherBasis |
| Depreciation | 16274737 | Depreciation |
| Book Value | 7039837 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 414233585 | OtherCostOrOtherBasis |
| Depreciation | 301405491 | Depreciation |
| Book Value | 112828094 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 5911604 | OtherCostOrOtherBasis |
| Depreciation | 4093085 | Depreciation |
| Book Value | 1818519 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 133532410 | TotalOfBookValueLandBuildings |
Other Assets OtherAssets (3 entries)
| DescriptionDescription | Book ValueBookValue |
|---|---|
| PROJECT DEVELOPMENT COSTS | 27619917 |
| DEFERRED REGULATORY ASSET | 37437057 |
| EMPLOYEE RECIEVABLES | 2223 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | 65059197 | TotalBookValueOtherAssets |
| Federal Income Tax Liability | 0 | FederalIncomeTaxLiability |
Other Liabilities OtherLiabilities (3 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| RESTRICTED DEPOSITS | $331,998,020 |
| CAPITALIZED LEASE OBLIGATION | $11,288,600 |
| MARKET PARTICIPANT LIABILITY | $13,684,693 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 356971313 | TotalOfAmounts |
| Total Revenue | 320554084 | TotalRevenue |
| Total Expenses | 320554084 | TotalExpenses |
| Net Unrealized GL On Investments | -158636 | NetUnrealizedGLOnInvestments |
| Other | $158,636 | OtherAmount |
| Tot Revenue Etc Audited Fincl Stmt | 320655136 | TotRevenueEtcAuditedFinclStmt |
| Revenue Subtotal | 320655136 | RevenueSubtotal |
| Other Revenues Not Included | -101052 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | -101052 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 320554084 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 320655136 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | 101052 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 101052 | ExpensesNotRptdF990 |
| Expenses Subtotal | 320554084 | ExpensesSubtotal |
| Total Expenses Per Form990 | 320554084 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | SUPPLEMENTAL INFORMATION | Identifier |
| Return Reference | SCHEDULE D | ReturnReference |
| Explanation | RECONCILIATION OF CHANGE IN NET ASSETS FROM 990 TO AFS FORM 990, SCHEDULE D, PART XI LOSS ON PENSION $(158,636) RECONCILIATION OF REVENUE FORM 990, SCHEDULE D, PART XII LOSS ON DISPOSITION OF ASSETS -$101,052 RECONCILIATON OF EXPENSES FORM 990, SCHEDULE D, PART XIII LOSS ON DISPOSITION OF ASSETS $101,052 | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| First Class Or Charter Travel | X | FirstClassOrCharterTravel |
| Travel For Companions | X | TravelForCompanions |
| Discretionary Spending Account | X | DiscretionarySpendingAccount |
| Written Policy Re T And E Expenses | true | WrittenPolicyReTAndEExpenses |
| Substantiation Required | true | SubstantiationRequired |
| Compensation Committee | X | CompensationCommittee |
| Independent Consultant | X | IndependentConsultant |
| Written Employment Contract | X | WrittenEmploymentContract |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | false | SeverancePayment |
| Supplemental Nonqual Retire Plan | true | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | false | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | false | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | false | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | false | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | false | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | false | AnyNonFixedPayments |
| Initial Contract Exception | false | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (19 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Paul J Feldman | |||||||||||||
| 147750 | 0 | 0 | 0 | 0 | 0 | 15000 | 0 | 0 | 0 | 162750 | 0 | 0 | 0 |
| J Michael Evans | |||||||||||||
| 144000 | 0 | 0 | 0 | 0 | 0 | 15000 | 0 | 0 | 0 | 159000 | 0 | 0 | 0 |
| Eugene Zeltman | |||||||||||||
| 136500 | 0 | 0 | 0 | 0 | 0 | 15000 | 0 | 0 | 0 | 151500 | 0 | 0 | 0 |
| John R Bear | |||||||||||||
| 530854 | 0 | 486045 | 0 | 64997 | 0 | 209067 | 0 | 13005 | 0 | 1303968 | 0 | 34432 | 0 |
| Josephine A Biggers | |||||||||||||
| 217650 | 0 | 125342 | 0 | 11076 | 0 | 49953 | 0 | 12308 | 0 | 416329 | 0 | 3308 | 0 |
| Richard L Doying | |||||||||||||
| 284086 | 0 | 197758 | 0 | 24489 | 0 | 79029 | 0 | 19725 | 0 | 605087 | 0 | 4138 | 0 |
| Michael P Holstein | |||||||||||||
| 283967 | 0 | 207728 | 0 | 31817 | 0 | 78723 | 0 | 14591 | 0 | 616826 | 0 | 11465 | 0 |
| Bryan Kearney | |||||||||||||
| 267650 | 0 | 122511 | 0 | 15178 | 0 | 59186 | 0 | 19959 | 0 | 484484 | 0 | 0 | 0 |
| Stephen G Kozey | |||||||||||||
| 346201 | 0 | 239558 | 0 | 22483 | 0 | 108694 | 0 | 19900 | 0 | 736836 | 0 | 15709 | 0 |
| Clair J Moeller | |||||||||||||
| 309416 | 0 | 212571 | 0 | 34932 | 0 | 80774 | 0 | 19790 | 0 | 657483 | 0 | 22811 | 0 |
| William C Phillips | |||||||||||||
| 271589 | 0 | 166687 | 0 | 128416 | 0 | 74308 | 0 | 14854 | 0 | 655854 | 0 | 112901 | 0 |
| Greg Powell | |||||||||||||
| 225250 | 0 | 15840 | 0 | 29079 | 0 | 45553 | 0 | 19274 | 0 | 334996 | 0 | 0 | 0 |
| Joseph Gardner | |||||||||||||
| 195992 | 0 | 69217 | 0 | 953 | 0 | 14931 | 0 | 14390 | 0 | 295483 | 0 | 0 | 0 |
| Todd Hillman | |||||||||||||
| 198638 | 0 | 82219 | 0 | 421 | 0 | 15801 | 0 | 19465 | 0 | 316544 | 0 | 0 | 0 |
| Todd Ramey | |||||||||||||
| 195116 | 0 | 78710 | 0 | 417 | 0 | 14975 | 0 | 19454 | 0 | 308672 | 0 | 0 | 0 |
| Richard Schug | |||||||||||||
| 189366 | 0 | 71499 | 0 | 608 | 0 | 20612 | 0 | 19050 | 0 | 301135 | 0 | 0 | 0 |
| Lori Spence | |||||||||||||
| 187747 | 0 | 75274 | 0 | 608 | 0 | 18146 | 0 | 18773 | 0 | 300548 | 0 | 0 | 0 |
| David W Hadley | |||||||||||||
| 157035 | 0 | 121290 | 0 | 23221 | 0 | 43965 | 0 | 10283 | 0 | 355794 | 0 | 0 | 0 |
| Roger C Harszy | |||||||||||||
| 328956 | 0 | 205632 | 0 | 55997 | 0 | 92011 | 0 | 14794 | 0 | 697390 | 0 | 45842 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | SUPPLEMENTAL COMPENSATION INFORMATION | Identifier |
| Return Reference | FORM 990, SCHEDULE J, PART I, LINE 1A | ReturnReference |
| Explanation | THE MIDWEST ISO PROVIDED CHARTER TRAVEL DURING 2010. A COST-BENEFIT ANALYSIS AS WELL AS NON-QUANTITATIVE FACTORS WERE CONSIDERED EACH INSTANCE CHARTER TRAVEL WAS USED. TRAVEL FOR COMPANIONS WAS PROVIDED FOR BUSINESS PURPOSES. TAXABLE DISCRETIONARY SPENDING ACCOUNTS WERE ALSO PROVIDED TO OFFICERS FOR HOME OFFICE ITEMS, LIFE INSURANCE, UNREIMBURSED MEDICAL EXPENSES AND OTHER ELIGIBLE EXPENSES. NON-QUALIFIED DEFERRED COMPENSATION PLAN FORM 990, SCHEDULE J, PART I, LINE 4B PAUL J FELDMAN $ 15,000 J MICHAEL EVANS $ 15,000 MICHAEL J CURRAN $ 15,000 JUDY WALSH $ 15,000 BALJIT DAIL $ 15,000 SHELLEY A LONGMUIR $ 15,000 EUGENE ZELTMANN $ 15,000 SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN SECTION 457(F) FORM 990, SCHEDULE J, PART I, LINE 4B BEAR, JOHN R. 143,373 BIGGERS, JOSEPHINE A. 25,894 DOYING, RICHARD L. 44,088 HADLEY, DAVID W. 25,566 HARSZY, ROGER C. 56,406 HOLSTEIN, MICHAEL P. 44,597 KEARNEY, A. BRYAN 33,976 KOZEY, STEPHEN G. 68,536 MOELLER, CLAIR J. 47,383 PHILLIPS, WILLIAM C. 46,763 POWELL, GREGORY L 24,974 | Explanation |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | SCHEDULE O | Identifier |
| Return Reference | SUPPLEMENTAL INFORMATION | ReturnReference |
| Explanation | DESCRIPTION OF CLASSES OF MEMBERS OR STOCKHOLDERS FORM 990, PART VI, QUESTION 6 A MEMBER CAN BE A REPRESENTATIVE OF ONE ENTITY OR MAY BE A SINGLE MEMBERSHIP REPRESENTING SEVERAL ENTITIES THAT SHARE A MEMBERSHIP AND HOLD A SINGLE VOTE. APPLICANTS MAY JOIN ONE OF NINE SECTORS: TRANSMISSION OWNER; INDEPENDENT POWER PRODUCERS AND EXEMPT WHOLESALE GENERATORS; POWER MARKETERS AND BROKERS; MUNICIPALS, COOPERATIVES, AND TRANSMISSION DEPENDENT UTILITIES; PUBLIC CONSUMER ADVOCATES; STATE REGULATORY AUTHORITIES; ENVIRONMENTAL/OTHER ADVOCATES; ELIGIBLE END USE CUSTOMERS; OR COORDINATING MEMBERS. DESCRIPTION OF CLASSES OF PERSONS AND THE NATURE OF THEIR RIGHTS FORM 990, PART VI, QUESTION 7A ARTICLE TWO, SECTION V(B)(5) OF THE TRANSMISSION OWNERS AGREEMENT SETS OUT THE VOTING RIGHTS OF ALL MEMBERS OF THE MIDWEST ISO. MEMBERS ARE DEFINED IN THE TRANSMISSION OWNERS AGREEMENT AS A "PERSON OR BUSINESS ENTITY WHICH IS (I) AN ELIGIBLE CUSTOMER, AS DEFINED IN THE TARIFF, OR (II) AN OWNER, AS DEFINED HEREIN, AND WHICH PAYS TO THE MIDWEST ISO, THE NON-REFUNDABLE MEMBERSHIP FEES AS REQUIRED HEREIN. DESCRIBE PROCESS USED BY MANAGEMENT &/OR GOVERNING BODY TO REVIEW 990 FORM 990, PART VI, QUESTION 11B THE TREASURER & CONTROLLER, CFO, PRESIDENT & CEO, AND LEGAL DEPARTMENT COMPLETE THE INITIAL REVIEW. THE BOARD OF DIRECTORS ARE THEN PRESENTED WITH COPIES AND ARE GIVEN THE OPPORTINITY TO ASK QUESTIONS AND COMMENTS TO THE EXECUTIVE TEAM. DESCRIPTION OF PROCESS TO MONITOR TRANSACTIONS FOR CONFLICTS OF INTEREST FORM 990, PART VI, QUESTION 12C THIS POLICY IS IN THE EMPLOYEE HANDBOOK. THE HANDBOOK IS REVIEWED AT NEW HIRE ORIENTATION. ALL NEW HIRES SIGN AN EMPLOYEE HANDBOOK RECEIPT THAT THEY HAVE READ AND UNDERSTAND THE HANDBOOK. THE EMPLOYEE HANDBOOK IS PART OF THE ANNUAL RECERTIFICATION. EACH EMPLOYEE MUST CERTIFY THAT HE/SHE HAS REVIEWED AND AGREES TO COMPLY WITH THE MIDWEST ISO POLICIES. IN ADDITION, EACH EMPLOYEE, OFFICER, AND DIRECTOR ANNUALLY RECERTIFIES THAT THEY ARE COMPLIANT WITH THE EMPLOYEE HANDBOOK AND ITS CONFLICTS OF INTEREST PROVISIONS. OFFICES & POSITIONS FOR WHICH PROCESS WAS USED, & YEAR PROCESS WAS BEGUN FORM 990, PART VI, QUESTION 15A AND 15B THE BOARD RETAINS THE SERVICE OF EXPERT OUTSIDE EXECUTIVE COMPENSATION CONSULTANTS ("THE CONSULTANTS") IN THE REVIEW OF OFFICER COMPENSATION. ANNUALLY, THE CONSULTANTS PERFORM A FULL AND INDEPENDENT STUDY OF ALL OFFICER DIRECT COMPENSATION (BASE PLUS INCENTIVES). THE CONSULTANTS CONSIDER THE LEVEL OF COMPENSATION RELATIVE TO THE DUTIES PERFORMED; THE CURRENT COMPETITIVE MARKET FOR SIMILAR SKILLS, KNOWLEDGE, AND RESPONSIBILITY; AND OTHER STRATEGIC NEEDS IDENTIFIED BY THE BOARD OF DIRECTORS. THE CONSULTANTS PREPARE AND DELIVER A FULL DETAILED REPORT TO THE HUMAN RESOURCES COMMITTEE OF THE BOARD ("HRC") FOR EACH OFFICER POSITION. THIS REPORT INCLUDES RECOMMENDATIONS FOR DIRECT COMPENSATION CHANGES. THE HRC COMBINES THE RECOMMENDATIONS OF THE CONSULTANTS WITH EVALUATIONS OF OFFICER PERFORMANCE TO RECOMMEND APPROPRIATE COMPENSATION LEVELS TO THE BOARD OF DIRECTORS FOR APPROVAL. EVERY TWO YEARS THE CONSULTANT PREPARES A LETTER OF "REASONABLENESS" OF THE TOTAL REMUNERATION PACKAGE FOR OFFICERS OF THE COMPANY. THIS LETTER IS CONSISTENT WITH THE GUIDELINES OF SECTION 4958 OF THE INTERNAL REVENUE CODE. THIS LETTER CERTIFIES THAT IN THE "REASONED OPINION" OF THE CONSULTANT AS AN "INDEPENDENT EVALUATION EXPERT" THE COMPENSATION AND BENEFITS PROVIDED TO THE OFFICERS REPRESENT "REASONABLE COMPENSATION." THE HRC REVIEWS ALL METRICS, RESULTS, AND ACTUAL INCENTIVES FROM MIDWEST ISO ANNUAL AND LONG-TERM INCENTIVE PLANS. NO INCENTIVES ARE PAID UNTIL RECOMMENDED BY THE HRC AND APPROVED BY THE BOARD. THE HRC REVIEWS AND RECOMMENDS ANY NEW OR MODIFIED EMPLOYMENT CONTRACTS WITH OFFICERS, INCLUDING RETENTION AGREEMENTS WHICH THEN MUST BE APPROVED BY THE BOARD. FROM TIME TO TIME, THE HRC WILL RETAIN THE SERVICES OF OUTSIDE EXPERTS TO EVALUATE AND MAKE RECOMMENDATIONS TO THE LEVEL AND TYPE OF SPECIFIC COMPENSATION AND BENEFIT ITEMS. THE HRC ROUTINELY REPORTS TO AND, IF REQUIRED, OBTAINS APPROVAL FROM THE FULL BOARD ON THESE MATTERS. AVAIL OF GOV DOCS, CONFLICT OF INTEREST POLICY, & FIN STMTS TO GEN PUBLIC FORM 990, PART VI, QUESTION 19 THE MIDWEST ISO'S GOVERNING DOCUMENTS CAN BE FOUND ON OUR WEBSITE UNDER "LIBRARY" TAB. THESE DOCUMENTS ARE THE TARIFF AND THE TRANSMISSION OWNERS AGREEMENT WHICH INCLUDES THE COMPANY'S STANDARDS OF CONDUCT (APPENDIX A) AND THE COMPANY'S BYLAWS (APPENDIX F). THESE DOCUMENTS ARE ALSO FILED WITH AND AVAILABLE ON THE FEDERAL ENGERGY REGULATORY COMMISSION'S WEBSITE AT WWW.FERC.GOV IN THE ELIBRARY. THE FINANCIAL STATEMENTS OF THE MIDWEST ISO ARE CONTAINED IN THE COMPANY'S ANNUAL REPORT WHICH IS ALSO LOCATED ON OUR WEBSITE AT WWW.MISOENERGY.ORG. | Explanation |