Civic Intelligence

Serc Reliability Corporation

EIN 20-3311003 • 501(c)6 • Charlotte, NC

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Profile

The mission of serc reliability corporation is to comprehensively monitor and enforce compliance with the reliability standards among all users, owners and operators of the bulk-power system in the serc region. The compliance monitoring and enforcement program will be conducted with integrity, consistency, confidentiality, fairness, independence and impartiality. The members are owners, operators, or users of the bulk electric system of the sixteen state region in the southeastern and central united states.

13320 Ballantyne Corporate Pl 200Charlotte, NC 28277

www.serc1.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

82nd percentile

0.56x

Higher debt load relative to assets than 82% of similar nonprofits.

501(c)6 • $25M-$50M nonprofits • Source year 2024

Liabilities / Revenue

64th percentile

0.59x

Higher debt load relative to revenue than 64% of similar nonprofits.

501(c)6 • $25M-$50M nonprofits • Source year 2024

Net Margin

22nd percentile

-2.1%

Higher net margin than 22% of similar nonprofits.

501(c)6 • $25M-$50M nonprofits • Source year 2024

Top Officer Pay

69th percentile

$835,753

Higher top officer pay than 69% of similar nonprofits.

Top officer pay equals 2.7% of source-year revenue.

501(c)6 • $25M-$50M nonprofits • Source year 2024

Asset Growth

94th percentile

52%

Faster asset growth than 94% of similar nonprofits.

501(c)6 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Revenue Growth

14th percentile

-5.0%

Faster revenue growth than 14% of similar nonprofits.

501(c)6 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets82nd percentile

Assets

Up

$32,981,748

Up $11,236,769 (+52%) from 2023

Liabilities

Up

$18,590,229

Up $11,905,284 (+178%) from 2023

Net Assets

Down

$14,391,519

Down $668,515 (-4.4%) from 2023

Operations
Liabilities / Revenue64th percentileNet Margin22nd percentile

Revenue

Down

$31,516,471

Down $1,663,518 (-5.0%) from 2023

Expenses

Up

$32,166,398

Up $3,228,496 (+11%) from 2023

Net Income

Down

-$649,927

Down $4,892,014 (-115%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth94th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$40M$30M$20M$10M$0Assets 2011: $4,326,502Liabilities 2011: $2,051,443Net Assets 2011: $2,275,0592011Assets 2012: $7,663,610Liabilities 2012: $3,003,945Net Assets 2012: $4,659,6652012Assets 2013: $8,589,317Liabilities 2013: $5,177,811Net Assets 2013: $3,411,5062013Assets 2014: $9,207,473Liabilities 2014: $4,869,347Net Assets 2014: $4,338,1262014Assets 2015: $8,174,625Liabilities 2015: $3,697,580Net Assets 2015: $4,477,0452015Assets 2016: $6,745,411Liabilities 2016: $4,044,391Net Assets 2016: $2,701,0202016Assets 2017: $6,622,094Liabilities 2017: $4,459,576Net Assets 2017: $2,162,5182017Assets 2018: $8,654,532Liabilities 2018: $4,890,796Net Assets 2018: $3,763,7362018Assets 2019: $14,467,278Liabilities 2019: $4,875,566Net Assets 2019: $9,591,7122019Assets 2020: $14,770,754Liabilities 2020: $5,147,133Net Assets 2020: $9,623,6212020Assets 2021: $16,241,101Liabilities 2021: $5,611,717Net Assets 2021: $10,629,3842021Assets 2022: $17,708,627Liabilities 2022: $7,013,757Net Assets 2022: $10,694,8702022Assets 2023: $21,744,979Liabilities 2023: $6,684,945Net Assets 2023: $15,060,0342023Assets 2024: $32,981,748Liabilities 2024: $18,590,229Net Assets 2024: $14,391,5192024

Highlighted filing

2024

Assets$32,981,748
Liabilities$18,590,229
Net Assets$14,391,519
Open 2024 Filing

Operations Trend

Revenue Growth14th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$40M$30M$20M$10M$0-$10MRevenue 2011: $11,896,311Expenses 2011: $11,407,576Net Income 2011: $488,7352011Expenses 2012: $13,243,2302012Revenue 2013: $14,295,142Expenses 2013: $15,543,301Net Income 2013: -$1,248,1592013Revenue 2014: $16,331,245Expenses 2014: $15,404,625Net Income 2014: $926,6202014Revenue 2015: $16,067,303Expenses 2015: $15,928,384Net Income 2015: $138,9192015Revenue 2016: $15,066,066Expenses 2016: $16,842,091Net Income 2016: -$1,776,0252016Revenue 2017: $16,167,131Expenses 2017: $16,705,633Net Income 2017: -$538,5022017Revenue 2018: $18,890,758Expenses 2018: $17,289,540Net Income 2018: $1,601,2182018Revenue 2019: $26,098,021Expenses 2019: $21,224,074Net Income 2019: $4,873,9472019Revenue 2020: $23,369,403Expenses 2020: $23,335,923Net Income 2020: $33,4802020Revenue 2021: $25,718,150Expenses 2021: $24,696,687Net Income 2021: $1,021,4632021Revenue 2022: $26,641,199Expenses 2022: $26,530,480Net Income 2022: $110,7192022Revenue 2023: $33,179,989Expenses 2023: $28,937,902Net Income 2023: $4,242,0872023Revenue 2024: $31,516,471Expenses 2024: $32,166,398Net Income 2024: -$649,9272024

Highlighted filing

2024

Revenue$31,516,471
Expenses$32,166,398
Net Income-$649,927
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$32,981,748
Liabilities
$18,590,229
Net assets
$14,391,519
Revenue
$31,516,471
Expenses
$32,166,398
Net income
-$649,927
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$33.0$18.6$14.4$31.5$32.2$0.65
2023Summary only. Only limited summary data is available for this year.$21.7$6.68$15.1$33.2$28.9$4.24
2022Summary only. Only limited summary data is available for this year.$17.7$7.01$10.7$26.6$26.5$0.11
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$16.2$5.61$10.6$25.7$24.7$1.02
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$14.8$5.15$9.62$23.4$23.3$0.03
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.5$4.88$9.59$26.1$21.2$4.87
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.65$4.89$3.76$18.9$17.3$1.60
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.62$4.46$2.16$16.2$16.7$0.54
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.75$4.04$2.70$15.1$16.8$1.78
2015Detailed filing. Detailed filing data is available for this year.$8.17$3.70$4.48$16.1$15.9$0.14
2014Detailed filing. Detailed filing data is available for this year.$9.21$4.87$4.34$16.3$15.4$0.93
2013Detailed filing. Detailed filing data is available for this year.$8.59$5.18$3.41$14.3$15.5$1.25
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.66$3.00$4.66$13.2
2011Summary only. Only limited summary data is available for this year.$4.33$2.05$2.28$11.9$11.4$0.49
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 1, 2025
Return Version
2024v5.2
Gross Receipts
$49,795,827
Mission and Program Overview

Mission

The mission of the serc reliability corporation (serc) is to assure effective and efficient reduction of risks to the reliability and security of the bulk power system. Serc provides statutory functions called for in section 215 of the federal power act, in accordance with its delegation agreement between serc and the north american electric reliability corporation (nerc). Serc provides the following functions: analyze events to identify lessons learned that will improve reliability; promote bps reliability, adequacy and security; help develop reliability standards for the north american bulk power system (bps) and the serc region; monitor and enforce approved mandatory reliability standards; register and certify responsible entities under the reliability compliance program; assess the bps past, present, and future risk profile in order to assure reliability, adequacy, and security; and train operating personnel to assure competence.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$15,822,065$14,412,810▼ $1,409,255
Savings and Temporary Cash Investments$1,350,418$3,084,609▲ $1,734,191
Land, Buildings, and Equipment, Net$1,975,484$1,390,761▼ $584,723
Prepaid Expenses and Deferred Charges$794,787$836,970▲ $42,183
Cash and Non-Interest-Bearing Accounts$319,011$224,324▼ $94,687
Total Assets$21,744,979$32,981,748▲ $11,236,769
Other Assets Total$1,483,214$13,032,274▲ $11,549,060
Liabilities
Other Liabilities$1,540,652$12,686,870▲ $11,146,218
Accounts Payable and Accrued Expenses$5,144,293$5,860,249▲ $715,956
Deferred Revenue-$43,110-
Total Liabilities$6,684,945$18,590,229▲ $11,905,284
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$15,060,034$14,391,519▼ $668,515
Total Net Assets Fund Balance$15,060,034$14,391,519▼ $668,515
Total Liabilities and Net Assets / Fund Balance$21,744,979$32,981,748▲ $11,236,769

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$914,026$2,415,554$3,329,580
Leasehold Improvements$37,124$1,271,890$1,309,014
Equipment$439,611$713,360$1,152,971
Other Assets Org$387,210--
Compensation and Service Providers
Top Officer Pay69th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jason BlakePresident/CEOFT$487,002$348,751$835,753
Holly HawkinsVP - Gen. Counsel & Corp. SecretaryFT$325,603$285,601$611,204
Timothy PonsetiVP - OperationsFT$330,992$231,849$562,841
George KrogstieCFO & Corporate TreasurerFT$286,058$187,952$474,010
Brian ThummVP - Perf Improvement & Risk MgmtFT$268,169$141,660$409,829
Melinda MontgomerySr. Dir.-engineering & Adv AnalyticsFT$251,953$125,187$377,140
Stephen BrownDirector - Cyber & Physical SecurityFT$206,232$165,227$371,459
Jon TauberDirector - EnforcementFT$248,490$93,243$341,733
William PetersonDirector - Entity Develop. & Comm.FT$214,141$115,511$329,652
Edward FranksDirector - Reliability AssuranceFT$208,751$112,327$321,078
Lonni DieckLead Independent Director-$150,213-$150,213
Shirley BloomfieldIndependent Director-$138,908-$138,908
Deborah WheelerIndependent Director-$135,750-$135,750

Board Members and Trustees

NameTitle
Pandelis XanthakosChair
Lisa JohnsonVice-chair
Beth McfarlandDirector
Bob DalrympleDirector
Christopher PetersDirector
Denver YorkDirector
Doug LegoDirector
Eric LavertyDirector
Greg FordDirector
Kevin WalzDirector
Paul McglynnDirector
Ricky ErixtonDirector
Tim LyonsDirector
Venona GreaffDirector
Vicky BudreauDirector

Highest Paid Contractors

ContractorServicesLocationCompensation
Harker LLCConstruction & Engineering122 W BLAND STREET SUITE A, Charlotte, NC 28203$1,610,610
Netwize INCTechnology702 W CONFLUENCE AVE, Salt Lake City, UT 84123$940,299
Gensler Architecture Design & PlanningArchitecture220 MONTGOMERY STREET, San Francisco, CA 94104$118,309
Converge Communication TechnologiesTechnology8208 VILLAGE HARBOR DRIVE, Cornelius, NC 28031$116,065
Abel Solutions LLCTechnology44 MILTON AVENUE, Alpharetta, GA 30009$115,444
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$30,681,582
Investment Income
$834,889
Other Revenue
$0
Change in Net Assets
$-649,927

Audited Revenue Reconciliation

Revenue per Audited Statements
$31,475,105
Revenue Not Reported on Financial Statements
$41,366
Revenue Not Reported on Form 990
$-18,588
Total Revenue per Audited Statements
$31,456,517
Total Revenue per Form 990
$31,516,471
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$26,729,818
Other Expenses$5,436,580
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$17,922,706
Current Officers, Directors, Trustees, and Key Employees---$3,318,716
Pension Plan Contributions---$2,394,104
Other Employee Benefits---$1,762,968
Payroll Taxes---$1,331,324
Information Technology---$1,011,659
Occupancy---$956,285
Depreciation Depletion---$934,607
Fees for Services Other---$798,433
Travel---$773,455
Office Expenses---$378,986
Conferences and Meetings---$369,547
Insurance---$87,061
Fees for Services Accounting---$58,456
Fees for Service Investment Mgmnt Fees---$41,366
Fees for Services Legal---$26,725
Total Functional Expenses$0$0$0$32,166,398

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$32,166,398
Expenses per Audited Statements$32,125,032
Total Expenses per Audited Statements$32,125,032
Expenses Not Reported on Financial Statements$41,366
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Long-term Lease Liability$11,820,811
Deferred Compensation$818,046
Short-term Lease Liability$48,013
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“Serc reliability corporation is an organization with members who designate the representative to the governing body, which makes significant decisions for the organization.”

Form 990, Part VI, Section A, Line 7A

“Each board member has a vote in electing members of the governing body.”

Form 990, Part VI, Section A, Line 7B

“The serc reliability corporation members' body has the authority to elect board members and change by-laws.”

Form 990, Part VI, Section B, Line 11B

“The finance and audit committee reviews and authorizes the filing of the 990. A complete copy of the 990 is provided to the board officers before it is filed, and a redacted copy is provided to the remaining board members.”

Form 990, Part VI, Section B, Line 12C

“Serc has a written conflict of interest policy, in which all employees and board members are required to review and complete a written questionnaire on conflicts on an annual basis. All serc staff conflicts are consolidated on a "serc staff recusal requirements" document. Each serc representative must recuse himself or herself from participation in any particular matter involving the subject of a conflict.”

Form 990, Part VI, Section B, Line 15

“The officers of the independent board meet in executive session to review and approve the salary and incentive pay for the officers of the organization. The board officers rely upon industry data and compensation studies performed to determine the reasonableness of the executives' compensation packages. Industry and compensation study data is refreshed annually. The deliberation and decision is contemporaneously substantiated in meeting minutes. The board-appointed human resource and compensation committee reviews and endorses the president's recommendations regarding the compensation of key employees and other highest paid employees. The committee relies upon industry data and compensation studies performed to determine reasonableness of the compensation of highest paid employees.”

Form 990, Part VI, Section C, Line 19

“All governing documents and audited financial statements are available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Serc Reliability Corporation
EIN
20-3311003
Phone
7043577372
Address
13320 BALLANTYNE CORPORATE PL 200, CHARLOTTE, NC 28277

Signing Officer

Name
Jason Blake
Title
President & CEO
Phone
7043577372
Signed
2025-10-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jason Blake
Formed
2005
Legal Domicile
Nc
Voting Board Members
18
Independent Board Members
18
Employees
121
Volunteers
814

Preparer

Firm
Greerwalker Llp
Address
227 WEST TRADE ST SUITE 1100, CHARLOTTE, NC 28202
Preparer
Paula P Tilley
Phone
7043770239
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“The process has not changed from prior year.”

Financial Statement Notes

PART X, LINE 2:

“The corporation is a tax-exempt organization under section 501(c)(6) of the internal revenue code and, therefore, no provision for income taxes has been made in the accompanying financial statements. The corporation records liabilities for income tax positions taken or expected to be taken when those positions are deemed uncertain to be upheld in an examination by taxing authorities. No liabilities for uncertain income tax positions were recorded as of december 31, 2024 and 2023.”

PART VI, LINE 1E:

“Software, computers, and furniture make up the amount in the "other" fixed asset class.”

Raw XML AppendixShowing 400 of 749 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt05144293
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt05860249
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0THE MISSION OF THE SERC RELIABILITY CORPORATION (SERC) IS TO ASSURE EFFECTIVE AND EFFICIENT REDUCTION OF RISKS TO THE RELIABILITY AND SECURITY OF THE BULK POWER SYSTEM. SERC PROVIDES STATUTORY FUNCTIONS CALLED FOR IN SECTION 215 OF THE FEDERAL POWER ACT, IN ACCORDANCE WITH ITS DELEGATION AGREEMENT BETWEEN SERC AND THE NORTH AMERICAN ELECTRIC RELIABILITY CORPORATION (NERC). SERC PROVIDES THE FOLLOWING FUNCTIONS: ANALYZE EVENTS TO IDENTIFY LESSONS LEARNED THAT WILL IMPROVE RELIABILITY; PROMOTE BPS RELIABILITY, ADEQUACY AND SECURITY; HELP DEVELOP RELIABILITY STANDARDS FOR THE NORTH AMERICAN BULK POWER SYSTEM (BPS) AND THE SERC REGION; MONITOR AND ENFORCE APPROVED MANDATORY RELIABILITY STANDARDS; REGISTER AND CERTIFY RESPONSIBLE ENTITIES UNDER THE RELIABILITY COMPLIANCE PROGRAM; ASSESS THE BPS PAST, PRESENT, AND FUTURE RISK PROFILE IN ORDER TO ASSURE RELIABILITY, ADEQUACY, AND SECURITY; AND TRAIN OPERATING PERSONNEL TO ASSURE COMPETENCE.
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IRS990/BooksInCareOfDetail/PhoneNum07043577372
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IRS990/BooksInCareOfDetail/USAddress/CityNm0CHARLOTTE
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NC
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IRS990/Desc0THE COMPLIANCE MONITORING AND ENFORCEMENT PROGRAM (CMEP) IS THE LARGEST PROGRAM AREA AT SERC, AND IS IMPLEMENTED PURSUANT TO SERC'S DELEGATION AGREEMENT AND THE NERC UNIFORM CMEP DEVELOPED UNDER SECTION 215(C) OF THE FEDERAL POWER ACT AND APPROVED BY THE FEDERAL ENERGY REGULATORY COMMISSION. THE SERC CMEP IS IMPLEMENTED BY PERSONNEL THAT ARE INDEPENDENT OF STAKEHOLDERS AND REGISTERED ENTITIES. THE SERC CMEP IS FURTHER DIVIDED INTO FIVE AREAS: COMPLIANCE MONITORING; COMPLIANCE PROGRAMS AND SERVICES; ENTITY ASSESSMENT AND MITIGATION; ORGANIZATION REGISTRATION AND CERTIFICATION; AND ENFORCEMENT.1.) THE COMPLIANCE MONITORING AREA IS RESPONSIBLE FOR CONDUCTING COMPLIANCE AUDITS, SPOT CHECKS, AND COMPLIANCE INVESTIGATIONS; FOR SERVING AS SUBJECT MATTER EXPERTS FOR ALL STANDARDS; AND FOR IMPLEMENTING THE PROCESS FOR TECHNICAL FEASIBILITY EXCEPTIONS (TFE) TO THE NERC CRITICAL INFRASTRUCTURE PROTECTION (CIP) RELIABILITY STANDARDS.2.) THE COMPLIANCE PROGRAMS AND SERVICES AREA IS RESPONSIBLE FOR IMPLEMENTING AND DEPLOYING CMEP-RELATED ANALYTICS AND COMPLIANCE ASSESSMENTS.3.) THE ENTITY ASSESSMENT AND MITIGATION AREA IS RESPONSIBLE FOR IMPLEMENTING AND DEPLOYING ENTITY INHERENT RISK ASSESSMENTS (IRA) AND INTERNAL CONTROLS EVALUATIONS (ICE); FOR SERVING AS THE SINGLE POINT OF CONTACT FOR ALL NON-COMPLIANCE ISSUES DISCOVERED AND/OR SELF-REPORTED TO THE REGION; FOR DETERMINING THE COMPLETE SCOPE OF VIOLATIONS; FOR DETERMINING THE ACTUAL AND POTENTIAL RISK POSED BY VIOLATIONS TO BPS RELIABILITY; AND FOR REVIEWING REGISTERED ENTITY MITIGATING ACTIVITIES TO ENSURE THAT ENTITIES CORRECT ISSUES AND PREVENT RECURRENCE THROUGH APPROPRIATE MITIGATION.4.) THE ORGANIZATION REGISTRATION AND CERTIFICATION AREA IS RESPONSIBLE FOR REGISTERING OWNERS, OPERATORS, AND USERS OF THE BPS REQUIRED TO COMPLY WITH NERC RELIABILITY STANDARDS; AND FOR CERTIFYING APPLICABLE ENTITIES WHO PERFORM RELIABILITY-RELATED FUNCTIONS.5.) THE ENFORCEMENT AREA EVALUATES ALL POSSIBLE VIOLATIONS OF RELIABILITY STANDARDS BY SERC REGISTERED ENTITIES AND CONDUCTS A THOROUGH ASSESSMENT TO DETERMINE IF A VIOLATION ACTUALLY OCCURRED. THE ENFORCEMENT STAFF NOTIFIES THE REGISTERED ENTITY OF ITS FINDINGS REGARDING THE VIOLATION AND ANY APPLICABLE PENALTIES OR SANCTIONS. THE ENFORCEMENT STAFF MAY ALSO ENGAGE IN SETTLEMENT NEGOTIATIONS WITH THE REGISTERED ENTITY. THE PROPOSED ENFORCEMENT ACTION, ALONG WITH ANY PROPOSED PENALTY OR SANCTIONS, IS SUBMITTED TO NERC FOR ITS REVIEW AND APPROVAL, AND SUBSEQUENT SUBMITTAL TO FERC. IF A REGISTERED ENTITY CHALLENGES THE FINDINGS OF THE VIOLATION AND/OR PENALTY, THE ENFORCEMENT STAFF PROSECUTES THE CASE BEFORE A HEARING BODY MADE UP OF REPRESENTATIVES FROM THE NERC BOARD OF TRUSTEES AND SERC BOARD OF DIRECTORS.
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IRS990/Form990PartVIISectionAGrp/TitleTxt0LEAD INDEPENDENT DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt2INDEPENDENT DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3CHAIR
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IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18PRESIDENT/CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt19VP - OPERATIONS
IRS990/Form990PartVIISectionAGrp/TitleTxt20VP - GEN. COUNSEL & CORP. SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt21CFO & CORPORATE TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt22VP - PERF IMPROVEMENT & RISK MGMT
IRS990/Form990PartVIISectionAGrp/TitleTxt23SR. DIR.-ENGINEERING & ADV ANALYTICS
IRS990/Form990PartVIISectionAGrp/TitleTxt24DIRECTOR - CYBER & PHYSICAL SECURITY
IRS990/Form990PartVIISectionAGrp/TitleTxt25DIRECTOR - ENTITY DEVELOP. & COMM.
IRS990/Form990PartVIISectionAGrp/TitleTxt26DIRECTOR - RELIABILITY ASSURANCE
IRS990/Form990PartVIISectionAGrp/TitleTxt27DIRECTOR - ENFORCEMENT
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IRS990/MissionDesc0THE MISSION OF THE SERC RELIABILITY CORPORATION (SERC) IS TO ASSURE EFFECTIVE AND EFFICIENT REDUCTION OF RISKS TO THE RELIABILITY AND SECURITY OF THE BULK POWER SYSTEM. SERC PROVIDES STATUTORY FUNCTIONS CALLED FOR IN SECTION 215 OF THE FEDERAL POWER ACT, IN ACCORDANCE WITH ITS DELEGATION AGREEMENT BETWEEN SERC AND THE NORTH AMERICAN ELECTRIC RELIABILITY CORPORATION (NERC). SERC PROVIDES THE FOLLOWING FUNCTIONS: ANALYZE EVENTS TO IDENTIFY LESSONS LEARNED THAT WILL IMPROVE RELIABILITY; PROMOTE BPS RELIABILITY, ADEQUACY AND SECURITY; HELP DEVELOP RELIABILITY STANDARDS FOR THE NORTH AMERICAN BULK POWER SYSTEM (BPS) AND THE SERC REGION; MONITOR AND ENFORCE APPROVED MANDATORY RELIABILITY STANDARDS; REGISTER AND CERTIFY RESPONSIBLE ENTITIES UNDER THE RELIABILITY COMPLIANCE PROGRAM; ASSESS THE BPS PAST, PRESENT, AND FUTURE RISK PROFILE IN ORDER TO ASSURE RELIABILITY, ADEQUACY, AND SECURITY; AND TRAIN OPERATING PERSONNEL TO ASSURE COMPETENCE.
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt34900
IRS990/ProgSrvcAccomActy2Grp/Desc0THE SECOND LARGEST PROGRAM AT SERC IS THE RELIABILITY ASSESSMENTS AND PERFORMANCE ANALYSIS (RAPA) PROGRAM. SERC'S RAPA PROGRAM PROVIDES ANALYSIS, DATA GATHERING, AND ANALYSIS OF EVENTS ON THE BPS. THE RAPA FUNCTION IDENTIFIES RELIABILITY RISKS TO THE BPS IN THE SERC FOOTPRINT FOR THE PURPOSE OF INTEGRATED RISK ANALYSIS. RAPA'S MISSION IS TO PROMOTE A CULTURE OF RELIABILITY EXCELLENCE AMONG THE OWNERS OF BPS ASSETS. THE PROGRAM ACCOMPLISHES THIS MISSION BY IDENTIFYING RISKS TO RELIABILITY, ANALYZING PERFORMANCE AND PRIORITIZING SIGNIFICANT RISKS.SERC CONDUCTS AN INDEPENDENT RELIABILITY ASSESSMENT OF THE BPS WITHIN THE SERC REGION, INCLUDING DATA GATHERING AND ANALYSIS. THE ASSESSMENT PROGRAM USES INFORMATION FROM ITS INTERNAL DATA COLLECTION SOURCES ALONG WITH OTHER PROGRAMS, SUCH AS NERC TRANSMISSION AVAILABILITY DATA SYSTEM (TADS), GENERATING AVAILABILITY DATA SYSTEMS (GADS), AND DEMAND RESPONSE AVAILABILITY DATA SYSTEM (DADS). SERC EVALUATES THE OVERALL RELIABILITY, PERFORMANCE, AND ADEQUACY OF THE SERC REGION AND REPORTS ITS RESULTS TO NERC. SERC'S WORK SUPPORTS NERC'S OBLIGATION TO PERFORM SIMILAR ANALYSIS OF THE INTERCONNECTED NORTH AMERICAN BPS.
IRS990/ProgSrvcAccomActy3Grp/Desc0THE THIRD LARGEST PROGRAM IS TRAINING, EDUCATION, AND OPERATOR CERTIFICATION. THE SERC TRAINING, EDUCATION, AND OPERATOR CERTIFICATION PROGRAM PROVIDES EDUCATION AND TRAINING NECESSARY TO OBTAIN ESSENTIAL KNOWLEDGE ON THE OPERATIONS OF THE BPS. SERC TRAINING AND EDUCATION PROGRAMS SUPPORT THE CONTINUING EDUCATION CERTIFIED SYSTEM OPERATORS IN THE SERC REGION. THE PROGRAM'S TARGET AUDIENCE IS BPS OPERATING PERSONNEL, SYSTEM OPERATORS, OPERATIONS SUPPORT PERSONNEL, AND TRAINING PERSONNEL. SERC SUPPORTS THE DEVELOPMENT OF SERC'S STAFF TRAINING AND EDUCATION IN POWER SYSTEM OPERATING TOPICS.SERC ALSO PROVIDES EDUCATION TO REGISTERED ENTITIES THROUGH ROBUST OUTREACH ENGAGEMENTS, FOCUSING PRIMARILY ON COMPLIANCE ACTIVITIES, INTERNAL CONTROLS, AND EMERGING RELIABILITY ISSUES.
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