2025-10-27T09:48:58-07:00 2024-12-31 990 2024-01-01 710748158 SOUTHWEST POWER POOL INC SOUT 5016143200 201 Worthen Drive Little Rock AR 72223 David Kelley VP Finance, Chief Financial Officer 5016143200 2025-10-27 1 2024 2025-03-06 01:10:19Z David Kelley 201 Worthen Drive Little Rock AR 72223 291717736 0 X www.spp.org X 1994 AR Regional transmission organization that provides the following services to its members and customers: tariff administration, electric reliability coordination, regional transmission scheduling, regional transmission expansion planning, day-ahead and real time markets, transmission congestion rights, reliability unit commitment, operating reserve market, and consolidated balancing authority. 10 9 889 0 0 0 660000 720000 261511538 282190922 9408339 8806814 0 0 271579877 291717736 0 0 0 0 139543438 160288571 0 0 0 113655630 108038512 253199068 268327083 18380809 23390653 1889607753 1870065706 1972956378 1929388156 -83348625 -59322450 Regional transmission organization that provides the following services to its members and customers: tariff administration, electric reliability coordination, regional transmission scheduling, regional transmission expansion planning, day-ahead and real time markets, transmission congestion rights, reliability unit commitment, operating reserve market, and consolidated balancing authority. 0 0 268327083 0 282190922 See Statement 1 0 0 0 N/A 0 0 0 N/A 0 0 0 268327083 0 0 0 0 0 0 0 1 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 156 0 1 889 1 0 0 0 0 0 0 1 0 X 10 9 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 0 1 1 0 0 X David Kelley VP Finance and CFO 5016143200 201 Worthen Drive Little Rock AR 72223 Barbara Sugg President and CEO 40 0 X X 1945092 0 176885 Lanny Nickell Executive Vice President and COO 40 0 X 1515293 0 147369 Bruce Rew Senior Vice President - Operations 40 0 X 688563 0 174703 Antoine Lucas Vice President - Markets 40 0 X 755271 0 82302 Paul Suskie Executive Vice President - Regulatory Policy & General Counsel 40 0 X 723015 0 104926 David Kelley Jr Vice President and CFO/VP Engineering 40 0 X 661080 0 101087 Michael Ross Senior Vice President - External Affairs 40 0 X 603012 0 139987 Kelly Carney Vice President - Human Capital & CPO 40 0 X 624177 0 108937 John Sam Ellis Vice President, IT and Chief Information Security Officer 40 0 X 506271 0 157532 Michael Desselle Vice President Chief Compliance & Admin Officer 40 0 X 549120 0 86649 Ralph Chapman Jr Senior Director - Facilities and IT Applications 40 0 X 364841 0 137863 Bert Bressers Senior Director - Operations Support 40 0 X 395283 0 85753 Felek Abbas Vice President & Chief Security Officer 40 0 X 417350 0 63238 Carrie Simpson Senior Director, SEAMS and Western Services 40 0 X 339667 0 127748 Carlie M Brown Jr Senior Director - Systems Operations 40 0 X 388576 0 76081 Michael Riley Vice President - Corporate Services & Chief Compliance 40 0 X 361756 0 90753 James Gunnell Sr Technical Director of IT Program OPTI 40 0 X 381642 0 68949 Deborah Sterzing Senior Vice President Finance and CFO 40 0 X 453593 0 -3205 Casey Cathey Vice President - Engineering 40 0 X 370320 0 79744 Jerome Wild Senior Director - Technology & Services 40 0 X 355259 0 88765 Keith Norman Collins VP - Market Monitoring 40 0 X 398207 0 35033 Steven Johnson Senior Director Markets Admin 40 0 X 334017 0 71082 Leonard Tao Technical Director, FERC Policy 40 0 X 336447 0 68205 Natasha Henderson Senior Director Grid Asset Utility 40 0 X 329204 0 57710 John Cupparo Board Chair 5 0 X 216250 0 0 Steve Wright Board Member 5 0 X 182500 0 0 Raymond Hepper Board Member 5 0 X 182500 0 0 Elizabeth Moore Board Vice Chair 5 0 X 182500 0 0 Irene Dimitry Board Member 5 0 X 162500 0 0 Bastone Bronwen Board Member 5 0 X 157500 0 0 Stuart Solomon Board Member 5 0 X 157500 0 0 Susan Certoma Board Member 5 0 X 153750 0 0 John Ben Trowbridge Board Member 5 0 X 150000 0 0 15342056 0 2328096 554 1 1 0 GE Energy Management Services LLC 4200 Wildwood Parkway Atlanta GA 30339 Consulting & Professional Services 9685979 Pearl Street Technologies Inc 6392 Melissa Street Pittsburgh PA 15206 Study Analysis/Consulting Services 4150760 Electric Power Engineers Inc 13001 W Hwy 71 Suite G100 Austin TX 787386546 Study Analysis/Consulting Services 3567740 Aneden Consulting 4006 Barnes Street Houston TX 77007 Study Analysis/Consulting Services 2795425 Burns & McDonnell Engineering Company Inc PO Box 411883 Kansas City MO 641411883 Professional Services for Engineering Studies 2728375 36 0 720000 0 0 0 0 0 720000 Tariff Administration Service 221121 196251094 196251094 0 0 Fees and Assessments 221121 35059973 35059973 0 0 Contract Services 221121 25371892 25371892 0 0 25507963 25507963 0 0 282190922 8806814 8806814 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 291717736 290997736 0 0 X 0 0 0 0 15641288 0 110497180 14519592 11076618 8553893 0 3597336 170013 0 0 0 0 0 1768483 21282258 0 3217922 2070901 0 1323470 5393092 0 17822616 2089573 FERC Fees 36232261 Consulting Expenses 30610540 Communication Expenses 4811126 Change in Funded Status of Employee Benefit Plans -21537814 -813265 268327083 0 0 0 411593 1493698 1571930388 1469299942 0 0 120038289 171617788 0 0 0 0 0 0 9787735 10758501 357263134 293465891 59817604 63797243 116942526 141163989 10679618 11934545 1889607753 1870065706 278278008 343571097 0 0 15444291 10527808 0 0 1515739525 1431179554 0 0 1696200 1490600 128654426 126654809 33143928 15964288 1972956378 1929388156 X 0 0 0 0 -83348625 -59322450 -83348625 -59322450 1889607753 1870065706 23390653 635522 0 0 0 0 X 0 1 X 1 0 0 1 X 4811902 0 4811902 72747227 0 46225063 26522164 0 0 0 0 67127230 0 57729359 9397871 212576775 0 189511469 23065306 63797243 0 Defined Benefit Plan Liability 4735011 457(b) Deferred Compensation Liability 6143235 Retiree Healthcare Liability 2234119 457(f) Deferred Compensation Liability 1907704 Operating Lease Liability 624997 Incentive Plan Accrual, Long-term 285677 Derivative Liability 33545 15964288 292353258 635522 0 0 0 635522 291717736 0 0 0 291717736 268327083 0 0 0 0 0 268327083 0 0 0 268327083 Schedule D, Part IV, Line 2b Customers may be required to make deposits prior to performance of various services. These amounts are typically held for the duration of the service and may be applied towards amounts due from customers. Funds are also held in escrow for any disputed invoices until the dispute is resolved. Certain customers are required to deposit cash collateral for provision of transmission or energy market services that are also held in custodial accounts. X X 0 1 X X 1 1 0 Barbara Sugg President and CEO 816492 0 1113750 0 14850 0 152571 0 24314 0 2121977 0 0 0 Lanny Nickell Executive Vice President and COO 653884 0 600000 0 261409 0 120710 0 26659 0 1662662 0 0 0 Antoine Lucas Vice President - Markets 367685 0 260000 0 127586 0 75744 0 6558 0 837573 0 0 0 Paul Suskie Executive Vice President - Regulatory Policy & General Counsel 400729 0 315000 0 7287 0 78616 0 26309 0 827941 0 0 0 Bruce Rew Senior Vice President - Operations 377787 0 300000 0 10776 0 148077 0 26625 0 863265 0 0 0 David Kelley Jr Vice President and CFO/VP Engineering 324010 0 210000 0 127070 0 71981 0 29106 0 762167 0 0 0 Kelly Carney Vice President - Human Capital & CPO 305931 0 210000 0 108246 0 86917 0 22020 0 733114 0 0 0 Michael Ross Senior Vice President - External Affairs 343178 0 250000 0 9835 0 110750 0 29237 0 743000 0 0 0 Michael Desselle Vice President Chief Compliance & Admin Officer 329825 0 210000 0 9295 0 63083 0 23566 0 635769 0 0 0 John Sam Ellis Vice President, IT and Chief Information Security Officer 307585 0 190000 0 8686 0 147371 0 10162 0 663804 0 0 0 Deborah Sterzing Senior Vice President Finance and CFO 83710 0 240000 0 129883 0 -11321 0 8116 0 450388 0 0 0 Felek Abbas Vice President & Chief Security Officer 311095 0 0 0 106256 0 37700 0 25538 0 480589 0 0 0 Casey Cathey Vice President - Engineering 266847 0 101500 0 1973 0 48633 0 31111 0 450064 0 0 0 Michael Riley Vice President - Corporate Services & Chief Compliance 265432 0 94100 0 2225 0 64745 0 26007 0 452509 0 0 0 Keith Norman Collins VP - Market Monitoring 139505 0 245245 0 13457 0 21290 0 13743 0 433240 0 0 0 Carlie M Brown Jr Senior Director - Systems Operations 274367 0 112200 0 2009 0 49051 0 27029 0 464656 0 0 0 Ralph Chapman Jr Senior Director - Facilities and IT Applications 265628 0 94100 0 5113 0 109100 0 28763 0 502704 0 0 0 Jerome Wild Senior Director - Technology & Services 264313 0 87600 0 3346 0 65086 0 23679 0 444024 0 0 0 Natasha Henderson Senior Director Grid Asset Utility 247585 0 64100 0 17519 0 29184 0 28526 0 386914 0 0 0 Bert Bressers Senior Director - Operations Support 282848 0 106900 0 5536 0 67224 0 18529 0 481037 0 0 0 James Gunnell Sr Technical Director of IT Program OPTI 101929 0 55600 0 224113 0 58077 0 10872 0 450591 0 0 0 Carrie Simpson Senior Director, SEAMS and Western Services 247236 0 90800 0 1631 0 104964 0 22784 0 467415 0 0 0 Leonard Tao Technical Director, FERC Policy 260829 0 69500 0 6118 0 66035 0 2170 0 404652 0 0 0 Steven Johnson Senior Director Markets Admin 238436 0 92500 0 3081 0 46417 0 24665 0 405099 0 0 0 John Cupparo Board Chair 216250 0 0 0 0 0 0 0 0 0 216250 0 0 0 Steve Wright Board Member 182500 0 0 0 0 0 0 0 0 0 182500 0 0 0 Raymond Hepper Board Member 182500 0 0 0 0 0 0 0 0 0 182500 0 0 0 Elizabeth Moore Board Vice Chair 182500 0 0 0 0 0 0 0 0 0 182500 0 0 0 Irene Dimitry Board Member 162500 0 0 0 0 0 0 0 0 0 162500 0 0 0 Bastone Bronwen Board Member 157500 0 0 0 0 0 0 0 0 0 157500 0 0 0 Stuart Solomon Board Member 157500 0 0 0 0 0 0 0 0 0 157500 0 0 0 Susan Certoma Board Member 153750 0 0 0 0 0 0 0 0 0 153750 0 0 0 John Ben Trowbridge Board Member 150000 0 0 0 0 0 0 0 0 0 150000 0 0 0 Schedule J, Part I, Line 1a Southwest Power Pool (SPP) board members are permitted to travel first class. SPP's expense policy allows for executive level management to use private planes or charter travel for business purposes. In 2024, neither private plane or charter travel options were utilized. Also, all employees of the organization who are eligible to receive benefits are provided an insurance credit which is grossed-up for payroll purposes and reported as taxable compensation. Schedule J, Part I, Line 1b Southwest Power Pool (SPP) has a travel and expense reimbursement policy in place to govern expenses incurred by employees for the benefit of the company that specifically addresses first class, charter or private aircraft travel. There's no specific policy that governs the insurance gross-up payments, however it's a longstanding company-wide practice applied to all employees. Schedule J, Part I, Line 3 The SPP Compensation Subcommittee, consisting of the Board members of the Human Resources (HR) Committee, is responsible for conducting periodic executive compensation reviews and determining the salary and incentives for the SPP CEO. These reviews are typically conducted every two to three years through a survey with an outside consultant. The Subcommittee is led by the Chair of the HR Committee. The Subcommittee is responsible for ensuring that critical job functions and goals for the SPP CEO are reviewed and discussed annually with them. The Chair of the Subcommittee annually recommends compensation and benefit adjustments to the Board Chair, who then presents the recommendation for board approval. All compensation decisions for the SPP officers are determined by the SPP CEO with board awareness. Schedule J, Part I, Line 4 In June 2024, James Gunnell Sr., Technical Director of IT Program OPTI, left Southwest Power Pool (SPP). Upon his departure, he received a severance payment of $211,810. SPP has a 457(f) plan for the executive officers. The following officers are participants in the plan: Barbara Sugg, Paul Suskie, Michael Desselle, Michael Ross, Bruce Rew, Lanny Nickell and Antoine Lucas. Form 990, Part VI, Section A, Line 6 The organization consists of members. Form 990, Part VI, Section A, Line 7a Members are responsible for electing the independent positions of Board of Directors. Form 990, Part VI, Section A, Line 7b SPP's Board of Directors are elected by its members, which are those entities that have executed the SPP Membership Agreement and met the membership qualifications defined in the SPP Bylaws. Form 990, Part VI, Section B, Line 11b Data is accumulated from various sources and entered in the 990 forms by accounting staff. The form is then reviewed by the Controller prior to submission to the CFO for final concurrence. Form 990, Part VI, Section B, Line 12c All employees are required to read the code of conduct, which contains the conflict of interest policy, on an annual basis. The employee electronically confirms that he or she has read and agrees to abide by the policy. SPP monitors this process electronically. Form 990, Part VI, Section B, Line 15 The SPP Compensation Subcommittee, consisting of the Board members of the Human Resources (HR) Committee, is responsible for conducting periodic executive compensation reviews and determining the salary and incentives for the SPP CEO. These reviews are typically conducted every two to three years through a survey with an outside consultant. The Subcommittee is led by the Chair of the HR Committee. The Subcommittee is responsible for ensuring that critical job functions and goals for the SPP CEO are reviewed and discussed annually with them. The Chair of the Subcommittee annually recommends compensation and benefit adjustments to the Board Chair, who then presents the recommendation for board approval. All compensation decisions for the SPP officers are determined by the SPP CEO with board awareness. Form 990, Part VI, Section C, Line 19 Governing documents and financial statements are available on the spp.org website. Form 990, Part IX, Line 24e All other expenses credit balance of $813,265 consists of the following gains and expense reductions: non-service component costs of retirement plans $624,637, 457b asset valuation adjustments $492,890 and swap valuation gain $12,693 offset by non-operating expense accrual adjustments and other of $316,955.