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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 2017. Filed on July 16, 2018.

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 2017 IRS Form 990 filing, Electric Reliability Council of Texas Inc., a 501(c)(4) civic league or social welfare organization, reported compensation for 24 out of 814 total employees. Among the employees shown here, the average compensation is $300,500. The highest compensated employee at Electric Reliability Council of Texas Inc. is William Magness with fiscal year 2017 compensation of $749,177.

Revenue, expenses, and employee compensation

Revenue

$222,267,134

Expenses

$204,478,745

Employee compensation

$104,301,709
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

William Magness
Board Member; President and
$749,177
$683,402 No related comp$65,775
Jerry Dreyer
Senior Vice President and Chief Information Officer
$574,010
$507,461 No related comp$66,549
Cheryl Mele
Senior Vice President and Chief Operating Officer
$467,512
$406,405 No related comp$61,107
Chad Seely
Vice President, General Counsel and CORP
$400,817
$330,027 No related comp$70,790
Michael Petterson
Vice President and Chief Financial Officer
$365,843
$293,821 No related comp$72,022
Diane M Williams
Vice President, Human Resources
$364,090
$307,009 No related comp$57,081
Theresa Gage
Vice President, External Affairs and CORP
$322,074
$274,576 No related comp$47,498
Sallie Betty Day
Vice President, Governance, RISK and COMP
$319,508
$252,548 No related comp$66,960
Dwayne Rickerson
Vice President, GRID Planning and Operations
$298,863
$237,238 No related comp$61,625
Mark Ruane
Director Settlements Retail and CR
$287,045
$239,618 No related comp$47,427
Joel Mickey
SR Director Wholesale Market
$286,835
$223,958 No related comp$62,877
Steve Daniels
Vice President, Digital Services
$282,868
$229,597 No related comp$53,271

Benchmark Employee Compensation

Non-Employee Board Members

Carolyn Shellman
Board Member
Clifton Karnei
Board Member
Deann Walker
Board Member
Donna Nelson
Board Member
Jack Durland
Board Member
Jackie Sargent
Segment Alternate
Jennifer Richie
Segment Alternate
John Werner
Board Member
Keith Emery
Board Member
Kenny Mercado
Segment Alternate
Kevin Gresham
Segment Alternate
Mike Kezar
Segment Alternate

Contractors

Allegis Group Services Inc.
Contingent Workforce
$9,727,689
Potomac Economics
Independent Mkt Monitor
$3,875,001
Abb Inc.
IT Consulting
$3,273,654
Siemens Industry Inc.
IT Consulting
$1,230,023
Persistent Systems Inc.
IT Consulting
$592,512

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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