July 25, 2014 7:37 PM ET

Company Overview of Merced Irrigation District

Company Overview

744 West, 20th Street

Merced, CA 

United States

Key Executives for Merced Irrigation District

Director of Finance
General Manager
General Counsel
Compensation as of Fiscal Year 2014.

Merced Irrigation District Key Developments

Merced Irrigation District and International Brotherhood of Electrical Workers Reach a Conditional Agreement

After less than two months of negotiations, Merced Irrigation District management and leaders of the International Brotherhood of Electrical Workers have reached a conditional agreement that would boost wages and benefits for the district's 90 union workers. The terms of the agreement will be submitted to the bargaining unit for a simple majority vote. The MID board of directors also must approve the deal. Under the contract, which would run from April through September 2016, union employees would see a 2% wage increase in 2014 and 2015. Employees also would receive bonus pay of up to 2.5% of regular wages plus $500 to be paid out in April. Employees would receive a half-percent bonus to be paid out in 2016. Workers also would see their health and welfare coverage benefit levels increase. Benefit levels would be reset to include monthly premium contribution of $50 for a single employee, $100 for an employee and partner and $150 for a family.

ISO Board Approves Entering into a Transition Agreement with Merced Irrigation District to Join the California ISO Grid

Merced Irrigation District is a step closer to joining the California Independent System Operator Corporation (ISO). The ISO Board of Governors approved entering into a transition agreement. Merced could join the ISO as a participating generator owner by summer 2014 and a participating transmission owner upon completion of the 230 kV interconnection. The Board authorization clears the way to proceed with all the necessary filings at the Federal Energy Regulatory Commission to seek approval for implementing a successful transition agreement. A memorandum of understanding between the two entities was signed in February 2013. Merced owns 100 megawatts of installed capacity including two hydro generation plants. The partnership would alleviate transmission constraints that currently exist within Merced's territory, and Merced would offer its flexible hydro resources to the market.

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