NonprofitsSerc Reliability Corporation

Environment

Serc Reliability Corporation

CHARLOTTE, NC

Total revenue

$31.5M

Total expenses

$32.2M

Net assets

$14.4M

Grants received

EIN

203311003

Tax year

2024

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.

Programs

2 programs

The 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.

The 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.

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$30.7M
Investment income$835K
Other revenue
Total revenue$31.5M

Expenses

Grants paid
Salaries & benefits$26.7M
Fundraising
Other expenses$5.4M
Total expenses$32.2M
Total assets$33.0M
Net assets$14.4M

People

28 listed

NameRoleCompensation

JASON BLAKE

PRESIDENT/CEO

Board

$753K

40 hrs/wk

HOLLY HAWKINS

VP - GEN. COUNSEL & CORP. SECRETARY

Board

$562K

40 hrs/wk

TIMOTHY PONSETI

VP - OPERATIONS

Board

$488K

40 hrs/wk

GEORGE KROGSTIE

CFO & CORPORATE TREASURER

Board

$391K

40 hrs/wk

BRIAN THUMM

VP - PERF IMPROVEMENT & RISK MGMT

Board

$340K

40 hrs/wk

LONNI DIECK

LEAD INDEPENDENT DIRECTOR

Board

$150K

4 hrs/wk

SHIRLEY BLOOMFIELD

INDEPENDENT DIRECTOR

Board

$139K

3 hrs/wk

DEBORAH WHEELER

INDEPENDENT DIRECTOR

Board

$136K

3 hrs/wk

BETH MCFARLAND

DIRECTOR

Board

2 hrs/wk

PAUL MCGLYNN

DIRECTOR

Board

2 hrs/wk

TIM LYONS

DIRECTOR

Board

2 hrs/wk

VENONA GREAFF

DIRECTOR

Board

2 hrs/wk

DENVER YORK

DIRECTOR

Board

2 hrs/wk

GREG FORD

DIRECTOR

Board

2 hrs/wk

KEVIN WALZ

DIRECTOR

Board

2 hrs/wk

DOUG LEGO

DIRECTOR

Board

2 hrs/wk

CHRISTOPHER PETERS

DIRECTOR

Board

2 hrs/wk

BOB DALRYMPLE

DIRECTOR

Board

2 hrs/wk

VICKY BUDREAU

DIRECTOR

Board

2 hrs/wk

LISA JOHNSON

VICE-CHAIR

Board

3 hrs/wk

PANDELIS XANTHAKOS

CHAIR

Board

3 hrs/wk

ERIC LAVERTY

DIRECTOR

Board

2 hrs/wk

RICKY ERIXTON

DIRECTOR

Board

2 hrs/wk

MELINDA MONTGOMERY

SR. DIR.-ENGINEERING & ADV ANALYTICS

Staff

$319K

40 hrs/wk

STEPHEN BROWN

DIRECTOR - CYBER & PHYSICAL SECURITY

Staff

$305K

40 hrs/wk

JON TAUBER

DIRECTOR - ENFORCEMENT

Staff

$274K

40 hrs/wk

WILLIAM PETERSON

DIRECTOR - ENTITY DEVELOP. & COMM.

Staff

$258K

40 hrs/wk

EDWARD FRANKS

DIRECTOR - RELIABILITY ASSURANCE

Staff

$256K

40 hrs/wk

Independent contractors

HARKER LLC

CONSTRUCTION & ENGINEERING

$1.6M

NETWIZE INC

TECHNOLOGY

$940K

GENSLER ARCHITECTURE DESIGN & PLANNING

ARCHITECTURE

$118K

CONVERGE COMMUNICATION TECHNOLOGIES

TECHNOLOGY

$116K

ABEL SOLUTIONS LLC

TECHNOLOGY

$115K

Details

EIN203311003
NTEE codeC35
Subsection03
Ruling date2025-07
Formed2005
Employees121
Volunteers814
SERC RELIABILITY CORPORATION — Mission, Financials & Grants Received | Grantivo