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NEW YORK INDEPENDENT SYSTEM OPERATOR INC

RENSSELAER, NY · EIN 141815612 · Form 990 · FY2024 · NTEE W800 · Public & Societal Benefit · Very Large (>$50M) · nyiso.com
revenue
$255.3M
expenses
$255.3M
net assets
$0
employees
714
program ratio
74%
mission · from form 990

THE NYISO'S MISSION IS TO ENSURE POWER SYSTEM RELIABILITY AND COMPETITIVE MARKETS FOR NEW YORK IN A CLEAN ENERGY FUTURE. NYISO'S VISION IS WORKING TOGETHER WITH STAKEHOLDERS TO BUILD THE CLEANEST, MOST RELIABLE ELECTRIC SYSTEM IN THE NATION.

profile · synthesized from sources

The New York Independent System Operator (NYISO) ensures reliability and competitive markets for New York's electric grid amid a transition to clean energy. It operates the state's bulk power system in real time, administers wholesale electricity markets, and conducts long-term planning to balance supply and demand. NYISO coordinates transmission upgrades, integrates renewable resources, and maintains grid stability amid evolving supply, demand, and infrastructure challenges.

named programs · 4 · from sources

What they call their work

Interconnection Process
Manages a queue for proposed generation and transmission projects, conducting studies to assess reliability impacts and determine necessary system upgrades and cost allocations.
Public Policy Transmission Planning Process
Collaborative process to identify transmission investments needed to meet state renewable energy and emissions reduction goals.
Reliability Needs Assessment (RNA)
Biennial 10-year planning study evaluating energy resource adequacy and transmission limitations to identify future reliability needs.
Short-Term Assessment on Reliability (STAR)
Quarterly assessment identifying reliability needs up to five years in advance to guide near-term system planning.
activities · 3 groups

What they do

  • Electric Grid Operations & Reliability 5 activities
    • Administer competitive wholesale electricity markets
      Operates and administers New York's wholesale electricity markets for energy, ancillary services, and capacity, using price signals to ensure reliable and cost-effective power delivery. Calculates electricity prices by dispatching the least-cost resources and establishing uniform clearing prices, while enabling investment in clean and dispatchable generation.
    • Evaluate and facilitate interconnection of new generation and transmission projects
      Operates an open-access interconnection process for new clean energy and transmission projects, conducting technical studies to assess reliability impacts, required upgrades, and associated costs. Provides coordination and analysis to integrate new resources into the bulk power system.
    • Operate and manage New York's bulk electric grid in real time
      Manages the flow of electricity across New York's high-voltage transmission system 24/7, balancing supply and demand, monitoring grid conditions, and directing generator output and transmission operations to maintain reliability under strict regulatory standards. Coordinates emergency response and works with regional operators to ensure stability across the Eastern Interconnection.
    • Plan for long-term grid reliability and energy resource adequacy
      Conducts long-term planning studies including Reliability Needs Assessments (RNA) every two years and Short-Term Assessments on Reliability (STAR) quarterly to evaluate resource adequacy and transmission constraints over 5- to 20-year horizons. Identifies necessary system upgrades and investments to maintain grid reliability as New York transitions to a clean energy future.
    • Produce research and public reports on power system trends and operations
      Conducts in-depth analysis of power system data and publishes annual reports, press releases, and detailed studies on grid trends, reliability, and operational performance. Disseminates findings through the Power Trends report series, STAR reports, and the Outlook Report to inform stakeholders and the public.
  • Clean Energy Workforce Training 1 activity
    • Deliver training and workforce development programs
      Provides training programs for market participants and stakeholders on NYISO-administered electricity markets. Operates a 12-week internship program with seminars, field trips, and project work, many of whom are hired into full-time positions after completion.
  • Energy Policy Advocacy & Research 1 activity
    • Provide educational outreach and stakeholder engagement on grid modernization
      Produces multimedia content including the Power Trends Podcast and "Grid of the Future" video series to educate stakeholders on energy trends, grid operations, climate resilience, and clean energy integration. Offers informational resources explaining electricity pricing and system changes for the public.
financials · form 990 · fy2024
revenue
Total revenue$255.29M
Contributions & grants$00%
Program service revenue$249.08M98%
Investment income$5.98M2%
Other revenue$231K
expenses
Total expenses$255.29M
Program expenses74%
Admin / overhead26%
Fundraising0%
Salaries & benefits$130.28M
Grants paid out$10K
Largest expense lineCompensation
balance sheet
Total assets$1.01B
Cash$642.90M
Investments$4.71M
Liabilities$1.01B
Net assets$0
Liquid reserves30.4 mo
5 years on record · 2020–2024 · YoY revenue +10.8%
leadership · form 990 part vii · fy2024

Who runs it

paid leadership · 25
NameTitleHours/wkCompensation
RICHARD J DEWEY PRESIDENT & CHIEF EXECUTIVE OFFICER 59 $3.01M
EMILIE R N CHRAPOWITZKY EXECUTIVE VICE PRESIDENT & CHIEF OPERATING OFFICER 50 $1.57M
ROBERT FERNANDEZ EXECUTIVE VICE PRESIDENT, GENERAL COUNSEL & CHIEF COMPLIANCE OFFICER 46 $1.45M
DOUGLAS CHAPMAN SENIOR VICE PRESIDENT, CHIEF INFORMATION OFFICER 49 $1.19M
RANA MUKERJI SENIOR VICE PRESIDENT, MARKET STRUCTURES 44 $1.13M
ZACHARY G SMITH SENIOR VICE PRESIDENT, SYSTEM & RESOURCE PLANNING 52 $1.08M
KEVIN LANAHAN VICE PRESIDENT, EXTERNAL AFFAIRS 48 $1.06M
CHERYL L HUSSEY VICE PRESIDENT, CHIEF FINANCIAL OFFICER 46 $1.02M
ROBERT A PIKE VICE PRESIDENT, MARKET OPERATIONS 52 $975K
AARON D MARKHAM VICE PRESIDENT, OPERATIONS 52 $849K
KAREN G GACH DEPUTY GENERAL COUNSEL 46 $837K
DENEEN BYRNE VICE PRESIDENT, HUMAN RESOURCES 49 $798K
SHAUN P JOHNSON VICE PRESIDENT, MARKET STRUCTURES 45 $590K
RYAN SMITH DIRECTOR OF IT SOFTWARE TECHNOLOGY 43 $582K
RAYMOND W STALTER DIRECTOR, REGULATORY AFFAIRS 48 $571K
MATTHEW A ANGLIN DIRECTOR OF ENTERPRISE SECURITY & CISO 51 $550K
RICARDO T GONZALES FORMER SENIOR VICE PRESIDENT OF OPERATIONS & CHIEF OPERATING OFFICER 0 $499K
PATRICK KELLY CONTROLLER & ASSISTANT TREASURER 45 $486K
JON D SAWYER DIRECTOR OF OPERATIONS 54 $485K
DIANE L EGAN CORP SECRETARY & SECRETARY TO BOARD 52 $476K
JULIANN MADERA DIRECTOR OF INTERNAL AUDIT 41 $455K
KEVIN PYTEL SENIOR MANAGER OF PRODUCT & PROJECT MANAGEMENT 46 $439K
ALEX M SCHNELL ASSISTANT GENERAL COUNSEL 43 $397K
MICHAEL STAHL SENIOR MANAGER IT INFRASTRUCTURE & OPERATIONS 45 $360K
TODD P ROMANSKY MANAGER, IT OPERATIONS & SERVICE MGMT 46 $288K
relationships · 9

Who they work with

  • CLCPA Government — References the Climate Leadership and Community Protection Act (CLCPA) as a driver of clean energy interconnection activity.
  • Eastern Interconnection Partner — Coordinates grid operations with transmission owners and operators across the Eastern Interconnection to maintain system balance.
  • Follow Us Partner — Follow Us is listed in the footer, but refers to social media links, not a formal organizational partnership.
  • New York Public Service Commission Government — Collaborates with the NYISO in identifying transmission system upgrades needed to meet public policy goals, including renewable energy development.
  • Power Trends Podcast Partner — Produces the Power Trends Podcast as a platform for sharing energy industry insights.
  • Stakeholders Partner — Collaborates with stakeholders to develop and operate the electric system.
  • U.S. EIA Partner — Collaborates on analysis of short-term energy outlook and rising electricity prices through podcast engagement.
  • U.S. Federal Energy Regulatory Commission Government — Regulatory oversight body for the NYISO's operation of wholesale electricity markets.
  • stakeholders Partner — Collaborates with stakeholders to support the development of a clean and reliable electric system.
strategies · 5

How they approach the work

Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.

  • Data-Driven and Scenario-Based Planning for Grid Resilience
    methodology: scenario-based_planning
    By using data analysis and scenario-based frameworks, we anticipate shifts in demand and supply to inform robust grid planning, because modeling uncertainty in emerging technologies and infrastructure enables proactive adaptation and reduces long-term risk.
  • Independent Research and Transparency to Inform System Planning
    methodology: independent_research_and_transparency
    By conducting independent, fact-based research and disseminating findings publicly, we strengthen trust and improve decision-making, because transparent, evidence-based analysis enables better policy, planning, and market participation.
  • Integrated Grid Operations and Market Design for Reliability and Clean Transition
    methodology: integrated_operations_and_markets
    By integrating real-time grid operations with forward-looking market design, we ensure both immediate reliability and long-term resource adequacy, because aligning operational control with economic incentives enables a stable, affordable, and clean energy transition.
  • Merit-Based and Competitive Market Structures to Optimize Resource Use
    methodology: merit-order_dispatch
    By dispatching electricity generation based on merit order and maintaining competitive markets, we minimize costs and ensure efficient resource use, because prioritizing least-cost, available generation supports affordability and market transparency while incentivizing performance.
  • Open Access and Interconnection Management for Clean Energy Integration
    methodology: open-access_interconnection
    By enabling open access to the transmission grid and managing interconnection queues, we facilitate the integration of clean energy resources, because structured, transparent interconnection processes ensure reliability while accelerating the clean energy transition.