2025-11-14T10:12:54-06:00 2024-12-31 991856619 GRANT THORNTON ADVISORS LLC 53 STATE STREET SUITE 1600 BOSTON MA 02109 990 2024-01-01 237175375 ELECTRIC POWER RESEARCH INSTITUTE INC ELEC 6508552000 3420 HILLVIEW AVENUE PALO ALTO CA 94304 SWATI DAJI EVP, CFO, RISK & OPS. OFFICER 6508552000 2025-11-14 1 0 ERIN COUTURE P01390592 6177237900 2024 2025-03-06 01:10:19Z ARSHAD MANSOOR 3420 HILLVIEW AVENUE PALO ALTO CA 94304 852795262 0 X WWW.EPRI.COM X 1972 DC SEE SCHEDULE O 37 37 1475 0 78919815 0 0 0 464996285 488718548 12821757 12882241 841961 1596802 478660003 503197591 1852128 874475 0 0 260279870 280325032 0 0 0 236127255 235131937 498259253 516331444 -19599250 -13133853 427770166 401886494 276349986 263175460 151420180 138711034 X SEE SCHEDULE O 0 0 361853584 874475 410975714 EPRI'S MISSION IS TO CONDUCT RESEARCH & DEVELOPMENT THROUGH SCIENCE AND TECHNOLOGY WITH A VIEW OF PROVIDING BENEFITS TO ITS MEMBERS' CUSTOMERS AND THE U.S. PUBLIC. TO ACCOMPLISH THIS OBJECTIVE, EPRI DEVELOPS AND MANAGES RESEARCH AND DEVELOPMENT PROGRAMS FOR IMPROVING ENERGY GENERATION, DELIVERY AND USAGE. PROGRAM SERVICE EXPENSES ARE DIRECT CHARGES TO THE RESEARCH PROGRAMS. CERTAIN INDIRECT EXPENSES ARE INCLUDED IN THE MANAGEMENT AND GENERAL EXPENSE CATEGORY, AS EPRI DOES NOT SEPARATE THESE EXPENSES FOR FINANCIAL ACCOUNTING PURPOSES. 361853584 1 0 0 1 0 0 0 0 0 0 1 1 0 0 1 0 0 1 0 0 1 1 1 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 X 331 0 1 1475 1 1 1 1 CA EI JA KS MX PL SF SP SZ AE UK 0 0 0 0 0 0 0 0 1 0 X 37 37 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 1 1 CA X SWATI DAJI 6508552000 3420 HILLVIEW AVENUE PALO ALTO CA 94304 MARIA POPE CHAIR (THRU 4/24); DIRECTOR 1.00 0.00 X X 0 0 0 VINCENT SORGI - 1ST V CHAIR (THRU 4/24); CHAIR (BEG 4/24) 1.00 0.00 X X 0 0 0 THOMAS J KENT 1ST V. CHAIR (BEG 4/24); DIRECTOR 1.00 0.00 X X 0 0 0 DAVID CAMPBELL 2ND V. CHAIR (THRU 4/24); DIRECTOR 1.00 0.00 X X 0 0 0 MICHAEL A INNOCENZO 2ND V. CHAIR (BEG 4/24); DIRECTOR 1.00 0.00 X X 0 0 0 AHMED ALI AL-EBRAHIM DIRECTOR (BEG 4/24) 1.00 0.00 X 0 0 0 CHRISTIAN T BEAM DIRECTOR (THRU 11/24) 1.00 0.00 X 0 0 0 JOHN R BEAR DIRECTOR 1.00 0.00 X 0 0 0 ANTHONY CAMPBELL DIRECTOR 1.00 0.00 X 0 0 0 STANLEY W CONNALLY JR DIRECTOR (THRU 4/24) 1.00 0.00 X 0 0 0 JOSEPH DOMINGUEZ DIRECTOR (BEG 4/24) 1.00 0.00 X 0 0 0 JUSTIN E DRISCOLL DIRECTOR 1.00 0.00 X 0 0 0 SHERINA MAYE EDWARDS DIRECTOR (THRU 11/24) 1.00 0.00 X 9598 0 0 DAN FORD DIRECTOR (THRU 4/24) 1.00 0.00 X 0 0 0 JEFFREY B GULDNER DIRECTOR 1.00 0.00 X 0 0 0 JOHN L HAIRSTON DIRECTOR 1.00 0.00 X 0 0 0 BARBARA HAMPTON DIRECTOR (BEG 4/24) 1.00 0.00 X 0 0 0 PADDY HAYES DIRECTOR 1.00 0.00 X 0 0 0 JAY HORINE DIRECTOR (BEG 4/24) 1.00 0.00 X 0 0 0 DAVID HUTCHENS DIRECTOR (BEG 4/24) 1.00 0.00 X 0 0 0 ALICE JACKSON INTERIM DIRECTOR (BEG 4/24) 1.00 0.00 X 0 0 0 NAT KEOHANE DIRECTOR 1.00 0.00 X 6693 0 0 MATTHEW KETSCHKE DIRECTOR 1.00 0.00 X 0 0 0 RALPH LAROSSA DIRECTOR 1.00 0.00 X 0 0 0 JOHN O LARSEN DIRECTOR 1.00 0.00 X 0 0 0 PAUL LAU DIRECTOR 1.00 0.00 X 0 0 0 TIMOTHY C LIEUWEN DIRECTOR (BEG 4/24) 1.00 0.00 X 3071 0 0 YANCY LINDSEY DIRECTOR (BEG 4/24) 1.00 0.00 X 9481 0 0 DENNIS V MCGINN DIRECTOR (THRU 4/24) 1.00 0.00 X 5000 0 0 MICHAEL MOEHN DIRECTOR 1.00 0.00 X 0 0 0 DON MOUL DIRECTOR (BEG 11/24) 1.00 0.00 X 0 0 0 BHEKI NXUMALO DIRECTOR 1.00 0.00 X 0 0 0 PATRICK O'LOUGHLIN DIRECTOR 1.00 0.00 X 0 0 0 JOHN PETTIGREW DIRECTOR (THRU 4/24) 1.00 0.00 X 0 0 0 CLARA POLETTI DIRECTOR (BEG 4/24) 1.00 0.00 X 5587 0 0 PATRICIA K POPPE DIRECTOR 1.00 0.00 X 0 0 0 STEVEN POWELL DIRECTOR (BEG 4/24) 1.00 0.00 X 0 0 0 JIM PRATT DIRECTOR 1.00 0.00 X 0 0 0 MICHAEL W RENCHECK DIRECTOR (THRU 4/24) 1.00 0.00 X 0 0 0 BERNARD SALHA DIRECTOR 1.00 0.00 X 0 0 0 BRIAN SAVOY DIRECTOR 1.00 0.00 X 0 0 0 SCOTT W H SEU DIRECTOR 1.00 0.00 X 0 0 0 JOHN M THOMAS III DIRECTOR (THRU 10/24) 1.00 0.00 X 0 0 0 DAVID J TUDOR DIRECTOR (THRU 4/24) 1.00 0.00 X 0 0 0 ENRICO VIALE DIRECTOR (THRU 1/24) 1.00 0.00 X 0 0 0 JOOHO WHANG DIRECTOR 1.00 0.00 X 0 0 0 CHRIS WOMACK INTERIM DIRECTOR (BEG 4/24) 1.00 0.00 X 0 0 0 ARSHAD MANSOOR PRESIDENT & CHIEF EXECUTIVE OFFICER 40.00 0.00 X 2132369 0 737890 ROBERT N CHAPMAN SVP ENERGY DELIVERY & CUST. SOLN. 40.00 0.00 X 805823 0 352590 SWATI DAJI EVP, CFO, RISK & OPS. OFC (BEG 4/24) 40.00 0.00 X 387653 0 308765 NEIL M WILMSHURST-SVP ENERGY SYSTEMS RESOURCE & CHIEF NUC OFFICER 40.00 0.00 X 854763 0 247125 NEVA ESPINOZA VP LOW CARBON RESOURCE 40.00 0.00 X 772467 0 210812 PAMELA J KEEFE SVP CFO & TREASURER (THRU 3/24) 40.00 0.00 X 413497 0 31748 CATHERINE JEREZA VP CORPORATE AFFAIRS (THRU 3/24) 40.00 0.00 X 706059 0 8963 DANIEL BROOKS VP INTEGRATED GRID 40.00 0.00 X 631353 0 231517 JACQUELINE ROSATI VP GEN COUNL, CCO & SECRETARY 40.00 0.00 X 637189 0 189397 STEVEN M SWILLEY VP NUC & DEPUTY CHIEF NUC OFFICER 40.00 0.00 X 497945 0 72809 ANDREW J PHILLIPS VP TRANSMISSION & DISTRIBUTION 40.00 0.00 X 628886 0 176528 DAVID LINDSEY VP INFO TECH & CIO 40.00 0.00 X 442257 0 152155 DAVID PORTER-VP ELECTRIFICATION & SUSTAINABLE ENERGY STRATEGY 40.00 0.00 X 492567 0 81710 ADJA BA VP OF HUMAN RESOURCES & DIVERSITY 40.00 0.00 X 468081 0 159193 CHARLES KINGERY VP CHIEF INFO SECURITY OFFICER 40.00 0.00 X 439246 0 76036 JANIS G MENDELSON ASSISTANT CORP SECRETARY 40.00 0.00 X 160926 0 26939 IVAN DIXON VP FINANCE AND ACCOUNTING 40.00 0.00 X 80760 0 14800 VOLKER PASTERNAK SENIOR DIRECTOR, LEGAL 40.00 0.00 X 402359 0 51121 TINA TAYLOR SENIOR DIRECTOR, NUCLEAR 40.00 0.00 X 408917 0 64147 THOMAS WILSON TECHNICAL EXECUTIVE, PRINCIPAL 40.00 0.00 X 369497 0 71688 RANDAL STARK DIRECTOR, NUCLEAR MATERIALS 40.00 0.00 X 356127 0 40436 RITU BATRA DIRECTOR, BUSINESS TECH SOLUTIONS 40.00 0.00 X 336840 0 38490 12465011 0 3344859 946 0 1 0 ELECTRICITE DE FRANCE 1 AVENUE DU GENERAL DE GAULE CLAMART CEDEX FR 92143 RESEARCH 5375832 DOMINION ENGINEERING INC 12100 SUNRISE VALLEY DRIVE RESTON VA 20191 RESEARCH 4493856 INSTITUTE OF GAS TECHNOLOGY 1700 SOUTH MOUNT PROSPECT ROAD DES PLAINES IL 60018 RESEARCH 4463140 WESTINGHOUSE ELECTRIC CO LLC 20 STANWIX STREET PITTSBURGH PA 15222 RESEARCH 2574570 SOUTHWEST RESEARCH INSTITUTE 6220 CULBERA RD SAN ANTONIO TX 78238 RESEARCH 2426729 390 MEMBERSHIP FEE REVENUE 541900 238546787 223664361 14882426 SUPPLEMENTAL FUNDING 541900 231973695 184767019 47206676 BILLABLE SERVICES 541900 18198066 1370385 16827681 488718548 11160712 11160712 419821 419821 349546655 1772545 349597671 0 -51016 1772545 1721529 1721529 SALE OF R&D REPORTS 900099 752871 752871 MEMBERSHIP TERM. FEE 900099 400000 400000 SALE OF SOLAR POWER 900099 3032 3032 21078 21078 1176981 503197591 410975714 78919815 13302062 793038 793038 17000 17000 64437 64437 16222058 16222058 183326148 113846566 69479582 21032201 13444180 7588021 45556309 29120453 16435856 14188316 9069439 5118877 2334133 537009 1797124 397789 397789 23500 23500 194441 194441 5758480 492728 5265752 22825042 19958303 2866739 12151308 12151308 6438962 7518500 -1079538 19353190 15467484 3885706 14591301 14103721 487580 22289393 12312687 9976706 9444276 10870173 -1425897 1348129 1348129 R&D EXPENSES 111835364 111835364 STAFFING 1329519 1329519 PRINTING & PUBLICATIONS 1229998 1044288 185710 EQUIPMENT RENTAL & MAIN 1134048 1134048 2453064 1358214 1094850 516331444 361853584 154477860 0 43324218 52163159 74739439 22767026 61042924 67044086 12108224 12994796 187654567 108799304 65433007 78855263 150560730 150676989 20561624 17385175 427770166 401886494 83803370 80594476 164138637 158532904 28407979 24048080 276349986 263175460 X 151420180 138711034 151420180 138711034 427770166 401886494 -13133853 424707 0 X 0 1 X 1 1 1 X 6546 6546 378163073 391828555 426796823 404944292 409801765 2011534508 378169619 391828555 426796823 404944292 409801765 2011541054 0 125775845 155442006 144106136 140397222 168129924 733851133 125775845 155442006 144106136 140397222 168129924 733851133 1277689921 4469920 2350965 4534924 11257395 11580533 34193737 4469920 2350965 4534924 11257395 11580533 34193737 269828 870608 471615 610702 1173949 3396702 382909367 395050128 431803362 416812389 422556247 2049131493 0.62350 0.62790 0.01670 0.01610 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2020 AMOUNT: $ 269,828. 2021 AMOUNT: $ 870,608. 2022 AMOUNT: $ 471,615. 2023 AMOUNT: $ 610,702. 2024 AMOUNT: $ 1,173,949. SCHEDULE A, PART III: SUPPORT SCHEDULE FOR ORGANIZATIONS DESCRIBED IN SECTION 509(A)(2) EPRI REPORTS ITS MEMBERSHIP DUES AS GROSS RECEIPTS FROM SERVICES PERFORMED. THESE PAYMENTS ARE MADE IN CONNNECTION WITH THE PERFORMANCE OF TAX EXEMPT SCIENTIFIC RESEARCH IN THE PUBLIC INTEREST, WHICH BY DEFINITION ALSO INCIDENTALLY BENEFITS EPRI MEMBERS WHO MAY IN CERTAIN CIRCUMSTANCES HAVE A DIRECT AND IMMEDIATE BENEFIT FROM SUCH RESEARCH. THE RESEARCH RESULTS MAY ALSO, IN CERTAIN CIRCUMSTANCES, HAVE A MORE DIRECT BENEFIT TO THE EPRI MEMBERS THAN TO THE GENERAL PUBLIC CONTEMPLATED WITHIN TREASURY REGULATION SECTION 1.509(A)-3(G)(2). SCHEDULE A, PART III, LINE 12: OTHER INCOME DESCRIPTION OTHER INCOME INCLUDES INCOME FROM PREVIOUSLY PUBLISHED SCIENTIFIC RESEARCH REPORTS AND SOFTWARE AVAILABLE FOR SALE TO THE GENERAL PUBLIC, SALE OF SCRAP MATERIALS AND INCOME FROM RELATED SCIENTIFIC RESEARCH ACTIVITIES CONDUCTED BY EPRI IN THE PUBLIC INTEREST. 0 23500 0 23500 0 516113503 0 516137003 0 1000000 0 250000 0 0 0 1000000 1000000 1000000 1000000 4000000 6000000 53930 141188 133747 23500 352365 250000 250000 250000 250000 1000000 1500000 1532485 1532485 43059644 21684256 21375388 29037892 15084604 13953288 51947549 42770554 9176995 62076997 29259890 32817107 78855263 LONG TERM INVESTMENTS 148906497 F INVESTMENT IN SUBSIDIARIES 1769410 F INVESTMENT IN OTHER COMPANIES 1082 F 150676989 OPERATING LEASE OBLIGATIONS 15525812 ACCRUED POST RETIREMENT BENEFITS 5072966 OTHER LONG-TERM LIABILITIES 3449302 24048080 PART X, LINE 2: FIN 48 (ASC 740) FOOTNOTE EPRI ADOPTED FIN 48 (CODIFIED AS ASC 740) IN 2009. THE ADOPTION IN 2009 DID NOT HAVE A MATERIAL IMPACT ON THE EPRI FINANCIAL STATEMENTS. THERE WAS NO CHANGE IN 2023 OR 2024. AS A RESULT, THE FINANCIAL STATEMENTS DO NOT HAVE AN ASC 740 LIABILITY RECORDED AND A FOOTNOTE FOR ASC 740 WAS NOT REQUIRED. 0 CENTRAL AMERICA AND THE CARIBBEAN PROGRAM SERVICES R&D PROJECT 3484 EAST ASIA AND THE PACIFIC PROGRAM SERVICES R&D PROJECT 2182062 EUROPE (INCLUDING ICELAND & GREENLAND) PROGRAM SERVICES R&D PROJECT 13006492 MIDDLE EAST AND NORTH AFRICA PROGRAM SERVICES R&D PROJECT 151509 NORTH AMERICA PROGRAM SERVICES R&D PROJECT 1146295 SOUTH AMERICA PROGRAM SERVICES R&D PROJECT 52168 SOUTH ASIA PROGRAM SERVICES R&D PROJECT 7086 SUB-SAHARAN AFRICA PROGRAM SERVICES R&D PROJECT 11164 EAST ASIA AND THE PACIFIC UNRELATED TRADE OR BUSINESS 64244 EUROPE (INCLUDING ICELAND & GREENLAND) UNRELATED TRADE OR BUSINESS 376530 MIDDLE EAST AND NORTH AFRICA UNRELATED TRADE OR BUSINESS 23229 NORTH AMERICA UNRELATED TRADE OR BUSINESS 10612 SOUTH AMERICA UNRELATED TRADE OR BUSINESS 135 SUB-SAHARAN AFRICA UNRELATED TRADE OR BUSINESS 456 EAST ASIA AND THE PACIFIC GRANTMAKING 483 EUROPE (INCLUDING ICELAND & GREENLAND) GRANTMAKING 50097 MIDDLE EAST AND NORTH AFRICA GRANTMAKING 10857 NORTH AMERICA GRANTMAKING 3000 EAST ASIA AND THE PACIFIC INVESTMENTS 8289124 EUROPE (INCLUDING ICELAND & GREENLAND) INVESTMENTS 14696171 NORTH AMERICA INVESTMENTS 11260520 0 0 0 0 0 0 16560260 34785458 51345718 EUROPE SPONSORSHIP 50097 ELECTRONIC 0 MIDDLE EAST SPONSORSHIP 10857 ELECTRONIC 0 2 PARTICIPATION IN ADVISORY COUNCIL NORTH AMERICA 2 3000 ELECTRONIC 0 0 1 0 0 1 PART I, LINE 2: PROCEDURE FOR MONITORING USE OF GRANT FUNDS OUTSIDE OF THE UNITED STATES EPRI OCCASIONALLY MAKES GRANTS TO OTHER INSTITUTIONS WHEN DOING SO IS CONSISTENT WITH AND FURTHERS EPRI'S CHARITABLE PURPOSE. GRANTS ARE MADE ONLY TO ENTITIES WHICH ARE WELL KNOWN TO EPRI AND AFTER APPROPRIATE DUE DILIGENCE. THE PERMITTED USES OF THE GRANTED FUNDS ARE ENUMERATED TO THE GRANTEE AND EPRI TYPICALLY RECEIVES REPORTS, TECHNICAL PAPERS, CONFERENCE AND SIMILAR MATERIALS DEMONSTRATING THE APPROPRIATE USE OF THE GRANTED FUNDS. FOR RESEARCH GRANTS, SCIENTIFIC PROGRESS AND FINANCIAL OVERSIGHT IS MONITORED THROUGHOUT THE GRANT TERM BY AN EPRI PROJECT MANAGER. EPRI OCCASIONALLY MAKES GRANTS TO INDIVIDUALS WHEN DOING SO IS CONSISTENT WITH AND FURTHERS EPRI'S CHARITABLE PURPOSE. GRANTS ARE MADE ONLY TO INDIVIDUALS THAT ARE KNOWN TO EPRI AND AFTER APPROPRIATE DUE DILIGENCE. THE GRANTS ARE TYPICALLY FOR THE INDIVIDUAL'S PARTICIPATION IN ACTIVITIES AND EPRI MEETINGS THAT FURTHER EPRI'S R&D EFFORTS. PART I, LINE 3: ACCOUNTING METHOD USED TO CALCULATE EXPENSES THE EXPENSES PROVIDED IN COLUMN F OF PART I WERE PREPARED ON THE ACCRUAL BASIS OF ACCOUNTING IN CONFORMITY WITH ACCOUNTING PRINCIPLES APPLICABLE TO NOT-FOR-PROFIT ORGANIZATIONS. 1 CARNEGIE MELLON UNIVERSITY 5000 FORBES AVENUE PITTSBURGH PA 152133815 250969449 501(C)(3) 400000 0 CONTRIBUTION STANFORD UNIVERSITY PO BOX 44253 SAN FRANCISCO CA 941444253 941156365 501(C)(3) 150000 0 CONTRIBUTION DREXEL UNIVERSITY 3201 ARCH STREET SUITE 400 PHILADELPHIA PA 191042755 231352630 501(C)(3) 115457 0 CONTRIBUTION THE UNIVERSITY OF TENNESSEE 210 STUDENT SVCS BUILDING KNOXVILLE TN 37996 626001636 GOV 80000 0 CONTRIBUTION THE UNIVERSITY OF NORTH CAROLINA 223 S WEST ST STE 1700 RALEIGH NC 27603 562180508 GOV 75000 0 CONTRIBUTION GEORGIA TECH RESEARCH CORPORATION 926 DALNEY ST NW ATLANTA GA 30332 580603146 501(C)(3) 35750 0 CONTRIBUTION UNIVERSITY OF TEXAS AT AUSTIN PO BOX 7159 AUSTIN TX 787137159 746000203 GOV 25000 0 CONTRIBUTION IEEE INDUSTRY STANDARDS AND TECHNOL 445 HOES LANE PISCATAWAY NJ 08854 223639558 501(C)(3) 15714 0 CONTRIBUTION AMERICAN INSTITUTE OF CHEMICAL ENGI 120 WALL STREET RD FLOOR NY 10005 131623892 501(C)(3) 15000 0 CONTRIBUTION THE GRIDWISE ALLIANCE INC 1800 M STREET NW SUITE S WA 20036 260723041 501(C)(3) 15000 0 CONTRIBUTION SMART GRID NORTHWEST 2705 E BURNSIDE SUITE 212 PORTLAND OR 97214 272519900 501(C)(3) 6000 0 CONTRIBUTION AMERICAN NUCLEAR SOCIETY INCORPORAT 5200 THATCHER ROAD 142 DOWNERS GROVE IL 60515 811658523 501(C)(3) 5500 0 CONTRIBUTION THE INSTITUTE OF ELECTRICAL AND ELECTRONICS ENGINEERS (IEEE) 445 HOES LANE PISCATAWAY NJ 088544141 131656633 501(C)(3) 5500 0 CONTRIBUTION BATELLE ENERGY ALLIANCE 2525 N FREMONT AVENUE IDAHO FALLS ID 83415 841397960 501(C)(3) 0 230300 FMV EPRI REPORTS CONTRIBUTION 10 3 PARTICIPATION ON ADVISORY COUNCIL 7 17000 PART I, LINE 2: PROCEDURE FOR MONITORING USE OF GRANT FUNDS IN THE UNITED STATES EPRI OCCASIONALLY MAKES GRANTS TO OTHER INSTITUTIONS WHEN DOING SO IS CONSISTENT WITH AND FURTHERS EPRI'S CHARITABLE PURPOSE. GRANTS ARE MADE ONLY TO ENTITIES THAT ARE WELL KNOWN TO EPRI AND AFTER APPROPRIATE DUE DILIGENCE. THE PERMITTED USES OF THE GRANTED FUNDS ARE ENUMERATED TO THE GRANTEE AND EPRI TYPICALLY RECEIVES REPORTS, TECHNICAL PAPERS, CONFERENCE AND SIMILAR MATERIALS DEMONSTRATING THE APPROPRIATE USE OF THE GRANTED FUNDS. FOR RESEARCH GRANTS, SCIENTIFIC PROGRESS AND FINANCIAL OVERSIGHT IS MONITORED THROUGHOUT THE GRANT TERM BY AN EPRI PROJECT MANAGER. EPRI OCCASIONALLY MAKES GRANTS TO INDIVIDUALS WHEN DOING SO IS CONSISTENT WITH AND FURTHERS EPRI'S CHARITABLE PURPOSE. GRANTS ARE MADE ONLY TO INDIVIDUALS THAT ARE KNOWN TO EPRI AND AFTER APPROPRIATE DUE DILIGENCE. THE GRANTS ARE TYPICALLY FOR THE INDIVIDUAL'S PARTICIPATION IN ACTIVITIES AND EPRI MEETINGS THAT FURTHER EPRI'S R&D EFFORTS. X X 1 1 X X X X X 1 1 0 0 0 0 0 1 0 ARSHAD MANSOOR PRESIDENT & CHIEF EXECUTIVE OFFICER 746676 0 1268000 0 117693 0 706100 0 31790 0 2870259 0 450000 0 ROBERT N CHAPMAN SVP ENERGY DELIVERY & CUST. SOLN. 406893 0 366300 0 32630 0 320800 0 31790 0 1158413 0 120800 0 NEIL M WILMSHURST-SVP ENERGY SYSTEMS RESOURCE & CHIEF NUC OFFICER 447468 0 390900 0 16395 0 224900 0 22225 0 1101888 0 136500 0 NEVA ESPINOZA VP LOW CARBON RESOURCE 369945 0 399366 0 3156 0 210800 0 12 0 983279 0 66300 0 DANIEL BROOKS VP INTEGRATED GRID 344180 0 285600 0 1573 0 199727 0 31790 0 862870 0 66000 0 JACQUELINE ROSATI VP GEN COUNL, CCO & SECRETARY 354117 0 268000 0 15072 0 154950 0 34447 0 826586 0 63800 0 ANDREW J PHILLIPS VP TRANSMISSION & DISTRIBUTION 326897 0 286000 0 15989 0 144738 0 31790 0 805414 0 74000 0 CATHERINE JEREZA VP CORPORATE AFFAIRS (THRU 3/24) 45411 0 0 0 660648 0 4695 0 4268 0 715022 0 0 0 SWATI DAJI EVP, CFO, RISK & OPS. OFC (BEG 4/24) 371411 0 0 0 16242 0 300800 0 7965 0 696418 0 0 0 ADJA BA VP OF HUMAN RESOURCES & DIVERSITY 285141 0 182425 0 515 0 127403 0 31790 0 627274 0 0 0 DAVID LINDSEY VP INFO TECH & CIO 300427 0 140300 0 1530 0 127539 0 24616 0 594412 0 0 0 DAVID PORTER-VP ELECTRIFICATION & SUSTAINABLE ENERGY STRATEGY 297516 0 190924 0 4127 0 49920 0 31790 0 574277 0 0 0 STEVEN M SWILLEY VP NUC & DEPUTY CHIEF NUC OFFICER 321432 0 174028 0 2485 0 50584 0 22225 0 570754 0 0 0 CHARLES KINGERY VP CHIEF INFO SECURITY OFFICER 286769 0 151050 0 1427 0 44246 0 31790 0 515282 0 0 0 TINA TAYLOR SENIOR DIRECTOR, NUCLEAR 277416 0 128920 0 2581 0 41922 0 22225 0 473064 0 0 0 VOLKER PASTERNAK SENIOR DIRECTOR, LEGAL 290212 0 110703 0 1444 0 40505 0 10616 0 453480 0 0 0 PAMELA J KEEFE SVP CFO & TREASURER (THRU 3/24) 89059 0 320400 0 4038 0 29097 0 2651 0 445245 0 119300 0 THOMAS WILSON TECHNICAL EXECUTIVE, PRINCIPAL 253930 0 110538 0 5029 0 39898 0 31790 0 441185 0 0 0 RANDAL STARK DIRECTOR, NUCLEAR MATERIALS 245693 0 107933 0 2501 0 38480 0 1956 0 396563 0 0 0 RITU BATRA DIRECTOR, BUSINESS TECH SOLUTIONS 225292 0 110750 0 798 0 38479 0 11 0 375330 0 0 0 JANIS G MENDELSON ASSISTANT CORP SECRETARY 134667 0 25888 0 371 0 16323 0 10616 0 187865 0 0 0 PART I, LINE 1A FIRST-CLASS TRAVEL SENIOR VICE PRESIDENTS AND THE CHIEF EXECUTIVE OFFICER, ALONG WITH CERTAIN BOARD MEMBERS FOR WHOM EPRI REIMBURSES TRAVEL, ARE AUTHORIZED TO BOOK AIR TRAVEL ONE CLASS ABOVE ECONOMY ON FLIGHTS WHERE THE PUBLISHED DURATION IS MORE THAN FOUR (4) HOURS, OR THE TRIP DURATION (DEPARTURE AIRPORT TO DESTINATION AIRPORT) REQUIRES ONE OR MORE STOPS FOR A TOTAL PUBLISHED DURATION OF MORE THAN SEVEN (7) HOURS. PERSONAL SERVICES EPRI MAKES AVAILABLE TO ITS KEY OFFICERS A FINANCIAL PLANNING BENEFIT THROUGH AN OUTSIDE VENDOR, WHICH EACH OFFICER MAY DETERMINE TO ACCEPT OR DECLINE. OFFICERS SELECTING THE SERVICE MAY ALSO USE THE PLANNER FOR TAX PREPARATION ADVICE. THE BENEFIT IS TREATED AS TAXABLE INCOME TO THE OFFICER. THERE WERE TWELVE OFFICERS ELIGIBLE FOR A VOLUNTARY FINANCIAL PLANNING BENEFIT OFFERED BY EPRI AND SEVEN OFFICERS ACCEPTING THE PROGRAM RESULTING IN $14,500 OF TAXABLE INCOME TO FIVE OF THOSE OFFICERS, $7,190 OF TAXABLE INCOME TO ONE OF THOSE OFFICERS AND $3,595 OF TAXABLE INCOME TO ONE OF THOSE OFFICERS. PART I, LINES 4A-B SEVERANCE ARRANGEMENTS THE INSTITUTE HAS ESTABLISHED SEVERANCE PLANS FOR ITS REGULAR EMPLOYEES, INCLUDING OFFICERS. EMPLOYEES HAVE NO PRE-EXISTING VESTED OR ACCRUED RIGHTS TO A SEVERANCE BENEFIT UNDER THESE PLANS, AND THE PLANS MAY BE CHANGED AT THE DISCRETION OF THE INSTITUTE. SEVERANCE BENEFITS IN EACH PLAN ARE CONTINGENT UPON QUALIFYING EMPLOYEE TERMINATIONS AND OTHER CONDITIONS AS REQUIRED IN THE PARTICULAR PLAN. GENERALLY, THE AMOUNT OF ANY SEVERANCE BENEFIT IS DEPENDENT UPON THE POSITION HELD BY THE EMPLOYEE AND LENGTH OF SERVICE UP TO FORTY-TWO WEEKS OF SALARY AND TWO MONTHS OF HEALTH BENEFIT CONTINUATION IN THE OFFICER PLAN. IN CONNECTION WITH THE LONG-TERM INCENTIVE PROGRAM, OFFICERS (AS DETERMINED BY THE BOARD OR A BOARD COMMITTEE) MAY BE ENTITLED TO A PAYMENT UPON QUALIFYING TERMINATIONS, AS REQUIRED IN THE PROGRAM. IN 2024, THE FOLLOWING INDIVIDUAL RECEIVED A SEVERANCE PAYMENT WHICH IS REPORTED AS TAXABLE INCOME ON SCHEDULE J, PART II, COLUMN (B)(III): CATHERINE JEREZA: $653,458 SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN EPRI PROVIDES A RETIREMENT CONTRIBUTION FOR ITS EMPLOYEES BASED ON THEIR COMPENSATION. THIS RETIREMENT CONTRIBUTION IS USUALLY IN THE FORM OF AN EMPLOYER CONTRIBUTION TO ITS RETIREMENT PLANS. HOWEVER, IF THE CALCULATED RETIREMENT CONTRIBUTION EXCEEDS THE RETIREMENT PLAN EMPLOYER CONTRIBUTION LIMIT FOR THE YEAR, THE AMOUNT OF THE RETIREMENT CONTRIBUTION IN EXCESS OF THE LIMIT IS REPORTED ON THE EMPLOYEES' FORM W-2 AS TAXABLE INCOME AS REQUIRED AND REPORTED ON SCHEDULE J, PART II, COLUMN (B)(III) AS FOLLOWS: ARSHAD MANSOOR : $100,175 NEIL M WILMSHURST : $13,045 ROBERT N CHAPMAN : $8,888 NEVA ESPINOZA : $1,135 PART I, LINE 7 NON-FIXED PAYMENTS OFFICERS, AS WELL AS EMPLOYEES, ARE ELIGIBLE FOR DISCRETIONARY INCENTIVE AWARDS BASED ON EPRI'S RESULTS AGAINST CORPORATE GOALS, WHICH ARE ESTABLISHED BY THE COMPENSATION AND LEADERSHIP DEVELOPMENT COMMITTEE OF THE BOARD, AND EACH INDIVIDUAL'S PERFORMANCE AND CONTRIBUTION TOWARD ACHIEVING THOSE GOALS. INCENTIVE AWARDS ARE STRONGLY TIED TO BOTH CORPORATE AND INDIVIDUAL PERFORMANCE. THE LEVEL OF INCENTIVE AWARDS FOR WHICH AN EMPLOYEE IS ELIGIBLE IS DETERMINED BASED AS A PERCENTAGE OF BASE SALARY, DEPENDING UPON THE EMPLOYEE'S POSITION, AND ARE CONSIDERED IN THE DETERMINATION BY EPRI OF A TOTAL REASONABLE COMPENSATION PACKAGE FOR THE POSITION. THE COMPENSATION AND LEADERSHIP DEVELOPMENT COMMITTEE OF THE BOARD OF DIRECTORS CONSIDERS AND, IN ITS DISCRETIONARY JUDGMENT, APPROVES INCENTIVE PAYMENTS FOR EACH OFFICER AT THE LEVEL OF VICE PRESIDENT OR ABOVE, WITH THE EXCEPTION OF THE INCENTIVE PAYMENT FOR THE CHIEF EXECUTIVE OFFICER WHICH IS CONSIDERED AND, IN ITS DISCRETIONARY JUDGMENT, APPROVED BY THE EXECUTIVE COMMITTEE OF THE BOARD. FORM 990, PART I, LINE 1 TO CONDUCT RESEARCH AND DEVELOPMENT RELATING TO GENERATION, DELIVERY AND USE OF ELECTRICITY FOR THE BENEFIT OF THE PUBLIC. FORM 990, PART III, LINE 1 ORGANIZATION'S MISSION AND MOST IMPORTANT ACTIVITIES ELECTRIC POWER RESEARCH INSTITUTE (THE INSTITUTE OR EPRI) CONDUCTS RESEARCH AND DEVELOPMENT RELATING TO GENERATION, DELIVERY AND USE OF ELECTRICITY FOR THE BENEFIT OF THE PUBLIC. AN INDEPENDENT, NONPROFIT ORGANIZATION, EPRI BRINGS TOGETHER ITS SCIENTISTS AND ENGINEERS AS WELL AS EXPERTS FROM ACADEMIA AND INDUSTRY TO HELP ADDRESS CHALLENGES IN ELECTRICITY, INCLUDING RELIABILITY, EFFICIENCY, HEALTH, SAFETY AND THE ENVIRONMENT. EPRI ALSO PROVIDES TECHNOLOGY, POLICY AND ECONOMIC ANALYSES TO DRIVE LONG-RANGE RESEARCH AND DEVELOPMENT PLANNING AND SUPPORTS RESEARCH IN EMERGING TECHNOLOGIES. EPRI'S PRINCIPAL OFFICES AND LABORATORIES ARE LOCATED IN PALO ALTO, CA; CHARLOTTE, NC; KNOXVILLE, TN; AND LENOX, MA. FORM 990, PART VI, SECTION A, LINE 6 EPRI HAS FIVE CLASSES OF MEMBERS, NAMELY: (A) CLASS I (1) ANY PERSON, FIRM, AGENCY OR CORPORATION OWNED BY THE FEDERAL GOVERNMENT, OR BY AN AGENCY, AUTHORITY OR INSTRUMENTALITY OF THE FEDERAL GOVERNMENT, WHICH IS ENGAGED TO A SUBSTANTIAL DEGREE IN THE PRODUCTION, TRANSMISSION OR DISTRIBUTION OF ELECTRIC POWER FOR PUBLIC USE WITHIN THE UNITED STATES; (2) ANY COOPERATIVE ASSOCIATION OR COOPERATIVE CORPORATION WHICH IS ENGAGED TO A SUBSTANTIAL DEGREE IN THE PRODUCTION, TRANSMISSION OR DISTRIBUTION OF ELECTRIC POWER FOR PUBLIC USE WITHIN THE UNITED STATES; (3) ANY NONFEDERAL GOVERNMENTAL OR OTHER PUBLIC AGENCY, AUTHORITY OR INSTRUMENTALITY, OR ANY NON-PROFIT CORPORATION, ASSOCIATION OR OTHER NON-PROFIT ORGANIZATION OPERATING PURSUANT TO GOVERNMENTAL OVERSIGHT OR REGULATION, WHICH IS ENGAGED TO A SUBSTANTIAL DEGREE IN THE PRODUCTION, TRANSMISSION OR DISTRIBUTION OF ELECTRIC POWER FOR PUBLIC USE WITHIN THE UNITED STATES; (4) ANY CORPORATION, ASSOCIATION OR OTHER ORGANIZATION OPERATING PURSUANT TO GOVERNMENTAL OVERSIGHT OR REGULATION, WHICH IS ENGAGED TO A SUBSTANTIAL DEGREE IN OPERATING, MAINTAINING OR ASSURING RELIABILITY OF SYSTEMS FOR THE TRANSMISSION OF ELECTRIC POWER FOR PUBLIC USES WITHIN THE UNITED STATES AND CANADA; OR (5) ANY GOVERNMENTAL OR OTHER PUBLIC AGENCY, AUTHORITY OR INSTRUMENTALITY WITHIN THE UNITED STATES WHICH IS ENGAGED TO A SUBSTANTIAL DEGREE IN DIRECTLY FUNDING RESEARCH AND DEVELOPMENT RELATED TO THE PRODUCTION, TRANSMISSION, DISTRIBUTION, SALE, AND UTILIZATION OF ELECTRIC POWER, INCLUDING BUT NOT LIMITED TO, ENERGY EFFICIENCY, RENEWABLES, AND ENVIRONMENTAL RESEARCH. (B) CLASS II REGULATED DOMESTIC ORGANIZATIONS ENGAGED TO A SUBSTANTIAL DEGREE IN THE PRODUCTION, DISTRIBUTION AND TRANSMISSION OF ELECTRICITY THAT HAVE AN OBLIGATION TO SERVE THE PUBLIC. (C) CLASS III NON-UNITED STATES PUBLIC/MUNICIPAL, COOPERATIVE, AND REGULATED INVESTOR-OWNED ORGANIZATIONS ENGAGED TO A SUBSTANTIAL DEGREE IN THE PRODUCTION, DISTRIBUTION AND TRANSMISSION OF ELECTRICITY, AS WELL AS ANALOGOUS RTO/ISO ORGANIZATIONS. (D) CLASS IV A NON-VOTING CLASS FOR UNREGULATED ORGANIZATIONS ENGAGED TO A SUBSTANTIAL DEGREE IN THE PRODUCTION, TRANSMISSION OR DISTRIBUTION INTO THE WHOLESALE MARKET OF ELECTRIC POWER, WHETHER DOMESTIC OR INTERNATIONAL. (E) CLASS V A NON-VOTING CLASS FOR OTHERS ELIGIBLE FOR MEMBERSHIP IN EPRI, THAT IS, THOSE DIRECTLY OR INDIRECTLY SUPPORTING A DOMESTIC OR INTERNATIONAL PROGRAM FOR ELECTRIC SECTOR RESEARCH. FORM 990, PART VI, SECTION A, LINE 7A MEMBER'S POWER TO ELECT OR APPOINT THE GOVERNING BODY IN 2024, THE MEMBERS OF EPRI'S BOARD OF DIRECTORS WERE ELECTED AND APPOINTED AS FOLLOWS: CLASS I MEMBERS MAY ELECT EIGHT MEMBERS OF THE BOARD. THE TENNESSEE VALLEY AUTHORITY AND THE BONNEVILLE POWER ADMINISTRATION MAY EACH APPOINT ONE MEMBER OF THE BOARD. CLASS II MEMBERS MAY ELECT SEVENTEEN MEMBERS OF THE BOARD. CLASS III MEMBERS MAY ELECT SIX MEMBERS OF THE BOARD. THE EPRI GOVERNANCE AND NOMINATING COMMITTEE MAY APPOINT SEVEN MEMBERS OF THE BOARD. FORM 990, PART VI, SECTION A, LINE 7B GOVERNANCE DECISIONS RESERVED TO MEMBERS MEMBERS HAVE THE POWER TO AMEND THE ARTICLES OF INCORPORATION AND MAY HAVE OTHER POWERS CONFERRED BY THE NONPROFIT CORPORATION CODE OF THE DISTRICT OF COLUMBIA. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 REVIEW PROCESS AN EXTERNAL TAX FIRM AND EPRI STAFF WORK TOGETHER TO GATHER THE INFORMATION NECESSARY TO COMPLETE THE TAX RETURN. THE TAX FIRM PREPARES AN INITIAL DRAFT RETURN AND REVIEWS THE INITIAL DRAFT RETURN WITH THE FINANCE AND LEGAL MANAGEMENT TEAM; ITEMS ARE DISCUSSED AND REVIEWED. RECOMMENDED CHANGES ARE REFLECTED IN THE RETURN AND A DRAFT TAX RETURN IS PREPARED. THE DRAFT TAX RETURN IS PRESENTED TO THE AUDIT COMMITTEE OF THE BOARD OF DIRECTORS FOR THEIR REVIEW AND A COPY IS PROVIDED THROUGH A SECURE LINK TO ALL MEMBERS OF THE BOARD OF DIRECTORS. THE AUDIT COMMITTEE MAY QUESTION EPRI MANAGEMENT AND THE EXTERNAL TAX FIRM OR ASK FOR CLARIFICATION ON ANY ITEM ON THE RETURN. AFTER THE COMMITTEE HAS REVIEWED THE TAX RETURN, THE RETURN IS FILED WITH THE APPROPRIATE GOVERNING TAX AUTHORITIES. FORM 990, PART VI, SECTION B, LINE 12C MONITORING AND ENFORCEMENT OF CONFLICT OF INTEREST POLICY IN ACCORDANCE WITH THE ORGANIZATION'S CONFLICT OF INTEREST POLICY, ALL DIRECTORS, OFFICERS, AND KEY EMPLOYEES FILL OUT AND SIGN A CONFLICT OF INTEREST DISCLOSURE FORM, WHICH IS REVIEWED AND MAINTAINED BY EPRI'S LEGAL AND COMPLIANCE DEPARTMENT. THE FORMS ARE FILLED OUT ON AN ANNUAL BASIS. IF A CONFLICT OF INTEREST WERE TO ARISE, THE KEY EMPLOYEE, OFFICER OR BOARD MEMBER WITH THE CONFLICT WOULD BE RECUSED FROM THE DECISION MAKING PROCESS. FORM 990, PART VI, SECTION B, LINE 15 PROCESS FOR DETERMINING COMPENSATION OF CEO, OFFICERS, AND KEY EMPLOYEES OFFICERS' COMPENSATION DECISIONS FOR THOSE AT THE LEVEL OF VICE PRESIDENT AND ABOVE ARE DETERMINED BY THE COMPENSATION AND LEADERSHIP DEVELOPMENT COMMITTEE OF EPRI'S BOARD OF DIRECTORS, WITH THE EXCEPTION OF DETERMINATION OF COMPENSATION LEVELS FOR THE CEO AND NEW OFFICERS, WHICH ARE USUALLY DETERMINED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS. THE COMMITTEES OBTAIN AND ACT IN RELIANCE UPON APPROPRIATE COMPARABILITY AND BENCHMARKING DATA FOR THE OFFICER POSITIONS FROM A NATIONALLY RECOGNIZED INDEPENDENT SOURCE TO SUPPORT DETERMINATIONS OF FAIR MARKET VALUE OF OFFICERS' COMPENSATION FOR THE SERVICES RENDERED. THE COMMITTEES VOTE ON OFFICER COMPENSATION AT THEIR MEETINGS AND CONCURRENTLY DOCUMENT THE APPROVAL IN THE MINUTES. FORM 990, PART VI, SECTION B, LINE 16B: PARTICIPATION IN JOINT VENTURE/SIMILAR ARRANGEMENT WITH A TAXABLE ENTITY AS DEFINED BY THE FORM 990 INSTRUCTIONS, A JOINT VENTURE OR SIMILAR ARRANGEMENT (OR A "VENTURE OR ARRANGEMENT") MEANS ANY JOINT OWNERSHIP OR CONTRACTUAL ARRANGEMENT THROUGH WHICH THERE IS AN AGREEMENT TO JOINTLY UNDERTAKE A SPECIFIC BUSINESS ENTERPRISE, INVESTMENT, OR EXEMPT-PURPOSE ACTIVITY WITHOUT REGARD TO (1) WHETHER THE ORGANIZATION CONTROLS THE VENTURE OR ARRANGEMENT, AND (2) THE LEGAL STRUCTURE OF THE VENTURE OR ARRANGEMENT. EPRI PERFORMS SERVICES WORK AND OTHER UNRELATED BUSINESS ACTIVITIES AND REPORTS THAT WORK AS UNRELATED BUSINESS INCOME FOR APPROPRIATE TAX TREATMENT. PARTICULAR CARE IS TAKEN IN STRUCTURING BUSINESS ARRANGEMENTS SUCH AS COMMERCIALIZATION TRANSACTIONS, STRATEGIC ALLIANCES, SERVICE CENTERS, AND OTHER SIMILAR ARRANGEMENTS, INCLUDING OBTAINING ADVICE EARLY IN THE PROCESS, IN ORDER TO PROTECT EPRI'S TAX-EXEMPT STATUS AND MINIMIZE ANY LIABILITY. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS MADE AVAILABLE TO THE PUBLIC EPRI MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND AUDITED FINANCIAL STATEMENTS FOR THE PAST THREE YEARS AVAILABLE TO THE PUBLIC THROUGH ITS OWN WEBSITE. EPRI INTERNATIONAL INC 3420 HILLVIEW AVENUE PALO ALTO CA 94304 522357247 INTL SALES AND R&D APPLICATIONS DE EPRI INC C 1149006 8520502 1.00000 1 EPRI EUROPE DAC BLOCKS 9-10 NEXUS UCD BELFIELD OF DUBLIN EI D04 V2N9 R&D APPLICATIONS EI EPRI INTER INC C 980921 8087585 1.00000 1 EPRI GULF LTD SUITE 1 7TH FLOOR 50 BROADWAY LONDON UK SW1H 0DB HOLDING COMPANY UK EPRI INC C 1.00000 1 EPRI GULF ENERGY RESEARCH LLC-SPC 8345E ARZANAH BUILDING SAS AL NAK ABU DHABI AE R&D AND OTHER BUSINESS ACTIVITIES AE EPRI GULF LTD C 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 0 0 EPRI INTERNATIONAL INC M 22289393 COST