Comparing Financials for ISO-NE and NMISA
Wow. Just wow.
Spoiler alert: the ISO-NE CEO earns well over $2 million per year.
ISO-NE is an organization that was set up in 1997. Prior to that it did not exist.
ISO-NE provides an interface (administrative layer) between New England states electric utilities.
NMISA (Northern Maine Independent System Administrator) provides an interface for a small part of Northern Maine.
Both are non-profits. Let’s look at their Propublica listings.
ISO-NE has revenues of $265 million. Their CEO earned $2,253,854 in 2024. (Plus another $996k additional compensation?)
NMISA had 2024 revenue of $935k. Their President earned $228k, with $26k additional.
As should be obvious, the coverage area for ISO-NE is millions of people, and NMISA region is around 90k. The scale of the task is dramatically different.
But: we had electricity before 1997.