Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| FORM 990, PART III, LINE 2 | THE DEFENSE OF MARKETS EFFORT WAS A POLICY DRIVEN CAMPAIGN TO REINFORCE THE BENEFITS OF COMPETITIVE MARKETS TO DELIVER LOWER COST, LOWER EMISSION POWER TO CUSTOMERS. THIS EFFORT WAS UNDERTAKEN IN RESPONSE TO A GROWING CHORUS OF VOICES THAT QUESTIONED THE VALUE OF COMPETITIVE MARKETS AND EVEN ENCOURAGED THEIR TERMINATION IN FAVOR OF COST-OF-SERVICE REGULATION AND A RETURN TO THE MODELS USED PREVIOUSLY TO DELIVER POWER BUT WERE FOUND TO BE WANTING WHICH GAVE RISE TO COMPETITIVE MARKETS MORE THAN 2 DECADES AGO. |
| FORM 990, PART VI, SECTION A, LINE 6 | EPSA MEMBERSHIP CATEGORIES: BOARD MEMBER: ANY COMPANY OR ENTITY THAT IS DIRECTLY INVOLVED IN THE PRODUCTION, SALE, OR SUPPLY OF COMPETITIVE ELECTRIC POWER IS ELIGIBLE FOR MEMBERSHIP AS A BOARD MEMBER OF EPSA. ASSOCIATE MEMBER: ANY COMPANY OR ENTITY THAT IS DIRECTLY INVOLVED IN THE PRODUCTION, SALE, OR SUPPLY OF COMPETITIVE ELECTRIC POWER, IS ELIGIBLE FOR ASSOCIATE MEMBERSHIP IN EPSA, PROVIDED THEY HAVE AN EQUITY OWNERSHIP IN NOT MORE THAN 350 MWS OF COMPETITIVE GENERATION IN THE UNITED STATES, OR IF THEY OWN NO GENERATION ASSETS, SELL LESS THAN 10 MILLION MWHS OF POWER ON AN ANNUAL BASIS UNDER A FERC APPROVED MARKET-BASED TARIFF AND AS A STATE APPROVED ENERGY SERVICES PROVIDER (OR EQUIVALENT). STATE & REGIONAL PARTNERS: ANY STATE OR REGIONAL INDEPENDENT POWER ASSOCIATION IS ELIGIBLE FOR STATE & REGIONAL PARTNER MEMBERSHIP IN EPSA. |
| FORM 990, PART VI, SECTION A, LINE 7A | DIRECTORS ARE REPRESENTATIVES APPOINTED BY THE BOARD LEVEL MEMBER COMPANIES. EACH BOARD LEVEL MEMBER COMPANY RECEIVES ONE SEAT ON THE BOARD OF DIRECTORS. |
| FORM 990, PART VI, SECTION B, LINE 11B | A DRAFT IS PREPARED BY THE OUTSIDE ACCOUNTANT AND IS REVIEWED BY THE CEO. ONCE APPROVED, THE DRAFT IS PROVIDED TO EXECUTIVE COMMITTEE FOR REVIEW. ONCE APPROVED, THE FORM IS SIGNED BY THE CEO AND A COPY PROVIDED TO THE FULL VOTING MEMBERSHIP OF THE BOARD, THEN FILED WITH THE IRS. |
| FORM 990, PART VI, SECTION B, LINE 12C | MEMBERS ARE AWARE OF THE POLICY AND ARE EXPECTED TO DISCLOSE ANY CONFLICTS. DUE TO THE SIZE OF THE ORGANIZATION THE CEO IS ABLE TO MONITOR THE ACTIVITIES OF THE STAFF BY INTERACTING WITH THEM AND THE MEMBER COMPANIES. |
| FORM 990, PART VI, SECTION B, LINE 15A | THE EXECUTIVE COMMITTEE REVIEWS THE CEO'S PERFORMANCE, AND WITH THE AID OF PUBLISHED SALARY SURVEYS, DETERMINES THE CEO'S COMPENSATION. THE COMMITTEE CHAIRPERSON THEN NOTIFIES THE CEO AND THE OUTSIDE ACCOUNTANTS VIA EMAIL OF THE COMMITTEE'S DECISION. THE CEO OPERATES UNDER A WRITTEN CONTRACT. UNDER A BOARD APPROVED BUDGET, THE CEO IS AUTHORIZED TO DETERMINE COMPENSATION FOR KEY EMPLOYEES WITH INPUT FROM SEARCH FIRMS AND INDUSTRY STANDARDS. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE BYLAWS, GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. |
| FORM 990, PART IX, LINE 11G | CONSULTANTS 869,190. |
| FORM 990, PART XII, LINE 2C | THE PROCESS HAS NOT CHANGED. THE CEO AND BOARD OVERSEE THE AUDIT AND THE SELECTION OF THE AUDIT FIRM. |
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