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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Public & Societal Benefit Electric Reliability Council of Texas Inc.

Electric Reliability Council of Texas Inc.

Fiscal year ending 2016. Filed on September 19, 2017.

7620 Metro Center Drive
Austin, Texas 78744

Electric Reliability Council of Texas Inc. (EIN: 74-2587416), also known as Ercot, has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2016 IRS Form 990 filing, Electric Reliability Council of Texas Inc., a 501(c)(4) civic league or social welfare organization, reported compensation for 26 out of 799 total employees. Among the employees shown here, the average compensation is $263,266. The highest compensated employee at Electric Reliability Council of Texas Inc. is Bill Magness with fiscal year 2016 compensation of $654,369.

Revenue, expenses, and employee compensation

Revenue

$215,770,509

Expenses

$186,612,290

Employee compensation

$97,671,298
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Bill Magness
Board Member; President and CEO
$654,369
$592,469 No related comp$61,900
Jerry Dreyer
Senior Vice President and Chief Information Officer
$375,811
$313,571 No related comp$62,240
Cheryl Mele
Senior Vice President and Chief Operating Officer
$368,321
$311,613 No related comp$56,708
Chad Seely
Vice President, General Counsel and Corp Secretary
$340,872
$271,324 No related comp$69,548
Sallie Betty Day
Vice President Governance, Risk and Compliance
$319,009
$254,617 No related comp$64,392
Hb Doggett III
Former Officer, Director
$313,035
$271,893 No related comp$41,142
Michael Petterson
Vice President and Chief Financial Officer
$308,522
$244,253 No related comp$64,269
Diane M Williams
Vice President, Human Resources
$305,975
$252,965 No related comp$53,010
Dwayne Rickerson
Vice President Grid Planning and Operations
$286,584
$229,283 No related comp$57,301
Mark Ruane
Director Market Credit
$283,202
$237,705 No related comp$45,497
Joel Mickey
Senior Director, Wholesale Market Design
$280,409
$222,024 No related comp$58,385
David Forfia
Director IT Architecture
$274,035
$217,447 No related comp$56,588

Benchmark Employee Compensation

Non-Employee Board Members

Carolyn Shellman
Board Member
Clifton Karnei
Board Member
Donna Nelson
Board Member
Jack Durland
Board Member
Jennifer Richie
Segment Alternate
John Werner
Segment Alternate
Keith Emery
Board Member
Kenneth Mercado
Segment Alternate
Kevin Gresham
Board Member
Mark Soutter
Segment Alternate
Mike Kezar
Segment Alternate
Nick Fehrenbach
Board Member

Contractors

Allegis Group Services Inc
Contingent Workforce
$3,990,783
Potomac Economics
Independent Mkt Monitor
$3,191,670
Abb Inc.
IT Consulting
$1,733,428
Siemens Industry Inc
IT Consulting
$1,668,837
Alstom Grid LLC
IT Consulting
$747,990

Mission Statement

WE SERVE THE PUBLIC BY ENSURING A RELIABLE GRID, EFFICIENT ELECTRICITY MARKETS, OPEN ACCESS, AND RETAIL CHOICE.

Revisions to this organization profile

October 22, 2025:
2024 Electric Reliability Council of Texas Inc. 990 filed
November 8, 2024:
2023 Electric Reliability Council of Texas Inc. 990 filed
July 27, 2023:
2022 Electric Reliability Council of Texas Inc. 990 filed

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