Financial Information

ERCOT’s budget is approved by the Board of Directors and the Public Utility Commission of Texas (PUCT). Budget-related filings with the PUCT, including the Board-approved submissions and the PUCT Orders for ERCOT budgets from 2012 through the current budget, are available in PUCT Project Number 38533 on the PUCT’s website. At the PUCT’s direction, ERCOT has aligned its budget process with the state’s budget process and filed a biennial budget with the PUCT. ERCOT has filed biennial budgets since its 2014-2015 Biennial Budget.

The 2024-2025 Biennial Budget process involved changes between the initial submission and the final version approved by the PUCT.  Included here are both the initial submission and the PUCT order.

ERCOT prepares financial statements in accordance with U.S. Generally Accepted Accounting Principles (GAAP). The statements are audited on annual basis.

ERCOT is a 501(c)(4) nonprofit entity. As such, annually, ERCOT files an Internal Revenue Service (IRS) Form 990 – Return of Organization Exempt from Income Tax with the IRS. The Form 990 provides an overview of ERCOT’s activities, governance, and financial information.

Reimbursement of business expenses for board members is governed by the Board Policies and Procedures, the current version of which can be found on the Governance page.

Reimbursement of business expenses for officers is governed by ERCOT Business Expense Reimbursement Corporate Standard (CS3.5), the current version of which can be found on the Procurement page.