This auction will be for one-megawatt increments of non-firm energy for delivery "into Southern" for the upcoming hour. We are developing and deploying resilient, sustainable and economical energy solutions you can depend on no matter the storm. When total fees exceed the threshold or time limit, the IAA will provide Participant with an invoice that states the amount owed by Participant, which will be due and payable in accordance with invoice instructions on or before the tenth (10th) day after receipt of the invoice or if such day is not a business day then on the next business day. February 16, 2023. Products and services are offered by Columbia Trust Company, an affiliate of Umpqua Bank an Oregon state chartered bank and a wholly owned subsidiary of Columbia Banking System Inc. Company Values. Southern Company continues to prioritize the delivery of clean, safe, The Southern Investment Plan provides a convenient way to purchase shares of Southern Company common stock. Were always looking ahead, and our innovations in the industryfrom new nuclear to deployment of electric transportation and renewables help brighten the lives and businesses of millions of customers nationwide. It also builds goodwill for the organization when the donations go to a worthy cause that is recognized by the surrounding community. Any actions taken through the use of Participant Passwords (except through the fault or negligence of the Auction Provider) whether or not such actions were authorized are binding on Participant. This may include model number, serial number, manufacturer, or other information. We will also discuss some of the benefits that can accrue to the organization for having effective processes in place to manage these important functions. This auction will be for one-megawatt increments of non-firm energy for delivery "into Southern" in the upcoming hour. However, this can also result in additional costs on the sale. The asset is listed for a specific price and if the buyer likes the price, the buyer will purchase it. . find our listings at. Donations also help the receiving organization since that organization has a great need for the equipment. In that event, the loss of the upstream supply will give the seller the right to recall. The proposal was conditionally accepted by FERC on Dec. 18, 2008, and Southern Company filed their Compliance Filing accepting all conditions on Jan. 21, 2009. Investment Recovery Corporation. var secureWebRoot = "https://web.invrecovery.org"; If you have been contacted by a debt collector and they are not on the following list, please contact us at DCLA.Inquiries@dfpi.ca.gov or file a complaint. xmlhttp0.send(xmlhttp0POST); Surplus Auctions. Southern Company continues to prioritize the delivery of clean, safe, reliable and affordable energy to our customers. Registration Step 1 Contact Information Please select the registrant type that best fits you. Use constitutes acceptance of General Website Terms and Conditions. Weve made our name as a leading producer of clean, safe, reliable and affordable energy, and we approach each day as a vital step in building the future of energy. On Oct. 17, 2008, Southern Company filed with the Federal Energy Regulatory Commission (FERC) amendments to its Market-Based Rate Tariff to incorporate a must-offer, bid-based energy auction. Long Description: Kilowatt Korner sale, we are selling the Kilowatt Korner items in the Investment Recovery Offices on Mondays, Wednesdays, and Fridays 8am-3pm during the month of October. Investment Recovery Association Mailing Address PO Box 419264 Kansas City, MO 64141-9264. This can work quite well for selling an item and like an auction, ensures a fair and transparent process. Further details regarding the mechanics of these auctions and the planned commencement date will be forthcoming; however, the goal is to have the Into GTC auctions up and running by early June. Instead the outsourcer will sell all the items and perform any needed demolition work or other services for a fixed price or for time and materials. Contact Us 478-218-2189 info@southerninvestmentsllc.com Navigate About Land For Sale Equipment For Sale Contact Across Southern Company, we have never stopped working during the COVID-19 pandemic as we continue to serve our 9 million customers every day. Were always looking ahead, and our innovations in the industryfrom new nuclear to deployment of electric transportation and renewables help brighten the lives and businesses of millions of customers nationwide. Pricing Design Analyst. Donations can also provide goodwill and a tax benefit. Investment recovery professionals seek to identify, reuse, sell or otherwise dispose of surplus assets generated by a company as it pursues its primary business. Phone: +1 989 638 8173. Note that a buyer may continue to attempt to submit properly formatted tags up to the tagging deadline. A bid contains any number of requested bid blocks. Welcome to Boeing Investment Recovery Please select a sales or auction type from the navigation bar at top. Investment Recovery Association Mailing Address PO Box 419264 Kansas City, MO 64141-9264. After submitting your request, you will receive an activation email to the requested email address. There could be additional pending applications. Were committed to supporting and improving our communities and environment. Through our PGA TOUR partnership, over $40 million has been donated in our communities to fund education, wellness programs & neighborhood revitalization. Depending on their status as either approved or pending there are two ways to look them up. Utility . We value your feedback and look forward to hearing from you. Donation is an option that is not used as frequently by investment recovery professionals. At Southern Company, our total rewards play an important part in who we are as a company and how we attract, engage and retain the best talent. de C.V. (Oportun), Patenaude & Felix A Professional Corporation, Omega Debt Collection Services; Omega Debt Relief, Pendrick Capital Partners Asset Management, LLC, Consolidated Asset Recovery Systems (effective date 12/07/2021); Find Track Locate (effective 12/07/0021); Global Investigative Services (effective date 12/07/2021); Repo Remarketing (effective date 12/07/2021); Roquemore Holdings (effective date 12/07/2021); SkipMasters (effective date 01/01/2009). Winning bidders will all pay the same market clearing price ($/MWh), and each is responsible for the transmission-related arrangements and costs, including tagging, associated with its transaction. Across Southern Company, we have never stopped working during the COVID-19 pandemic as we continue to serve our 9 million customers every day. Annual investment maximum of $300,000. On Oct. 17, 2008, Southern Company filed with the Federal Energy Regulatory Commission (FERC) amendments to its Market-Based Rate Tariff to incorporate a must-offer, energy auction. Were committed to supporting and improving our communities and environment. Southern Company. Used cars, trucks, utility and construction equipment from Southern Companys fleet are available for purchase by the general public in JJ Kane auctions throughout the year. All transmission-related arrangements and costs, including tagging, are the responsibility of the winning bidders. If Southern Company is not the tag author, the energy coordinator or hourly scheduler will contact the tag author and request that entity to initiate a tag market adjustment. The IAM shall be responsible for ensuring that the energy auction is administered in accordance with the"Rules of the Energy Auction"and that Southern Company participates in accordance with the"Rules on Southern Companies' Energy Auction Participation." If you experience any issues with this process, please contact us for further assistance. In this case, a scrap company that specializes in recycling old metals would pay a certain amount per pound for the piece of equipment. Under the new criteria, a spread value will post when an auction has at least one unique buyer and one unique seller. At The Southern Company, we promise to treat your data with respect and will not share your information with any third party. Second, unused equipment depreciates in value and results in an actual expense on the books. To learn more about how Columbia Trust Company can work in alignment with your values to effectively manage your endowment, drop us a note. While Atlanta is our home, we bring energy to homes and businesses across the country. The only option for the piece of equipment is to sell it for scrap value. Seller Participants have the option to set up resource plans so that scheduling sources are automatically provided when a transaction match is created. Note that items may not have information filled in for every field and, as a result, may not be found in queries that look for values in such fields. This is an effective time saving device for the investment recovery professional. In order for an asset to be reused internally, another part of the company needs to have a need for an asset of that type. This is a very real loss, but is often a loss that managers fail to account for. The following describes the particulars of the Phase II Energy Auction. By providing your email address below, you are providing consent to The Southern Company to send you the requested Investor Email Alert updates. These views should not be construed as a recommendation for any specific security. Don't have an account? Fax: 1-714-895-0322. The auction includes simultaneous day-ahead energy auctions for firm-LD energy and recallable energy, along with an hour-ahead energy auction for non-firm energy. Mendelson Schwarz, A Professional Law Corporation, BRM Recovery Services; Merchants Credit Solutions, Modernizing Medicine Billing Services, LLC, Moore, Brewer & Wolfe, a Professional Corporation, NATIONAL BUSINESS FACTORS, INC. OF NEVADA. Bid blocks consist of a desired megawatt amount - in 50-MW increments for the DAE Auction; and in single, 1-MW increments for the HAE Auction - at a specified bid price. Weve made our name as a leading producer of clean, safe, reliable and affordable energy, and we approach each day as a vital step in building the future of energy. / Southern Company commits to promote an actively anti-racist culture and to ensure that all groups are well-represented, included and fairly treated within all levels of the organization. The governing terms and conditions are set forth in Southern Company's Market-Based Rate Tariff, which is on file with FERC and accessible at www.ferc.gov. Weighted Average Hour-Ahead Transaction Prices, Constructive Regulation and Public Policy, "Rules on Southern Companies' Energy Auction Participation. Southern Companys electric operating company Georgia Power is currently building the first new nuclear units in the United States in the last three decades. 14660 Chestnut St. JJ Kane sells a wide variety of inventory including cars, trucks, equipment, tools, and accessories from area governments, contractors, and other utility fleets replacing some well-maintained items. Each login ID requires the use of an OATI digital certificate. The best method is the method that provides the highest value / benefit for the organization, has the lowest divestment costs, and still complies with the organization's divestment policies. The following paragraphs describe how Southern Company will treat recallable energy: For Southern Company, a supply disruption includes the de-ration or unplanned outage of a Southern Company-owned or controlled generating unit that was included in the DAE available capacity calculation, as well as the curtailment of a DAE prescheduled purchase or power purchase agreement that was included in the DAE available capacity calculation. This is not as simple as it might first appear. Timing of the Hour-Ahead Auction: Currently, the Hour-Ahead Auction opens at 75 minutes prior to the beginning of the Delivery Hour and closes 60 minutes prior to the beginning of the Delivery Hour. All winning bidders will pay the same market clearing price, expressed as an implied heat rate to be applied to the Henry Hub midpoint price published by Platts Megawatt Daily. The primary difference between these day-ahead products is the right, but not the obligation, of the seller to curtail recallable energy in the event of a supply-side disruption. Key features of the Plan include: Carefully read the Southern Investment Plan Prospectus before making any investment decision to purchase Southern Company common stock through the Plan. Dont miss out and sign up for email updates. We believe in the importance of protecting critical infrastructure and Americas way of life. Estimated $80.1K - $101K a year. Building the future of energy is a big mission, and were honored to take it on. Southern Company reports third-quarter 2022 earnings. 4329 SE I-10 Frontage Rd. For some organizations, identifying an idle asset may be quite difficult. For information regarding participating in the bid-based energy auction, please seeAuction Registration Process. Investment Recovery The sections below will elaborate on divestment options like asset sales, scrapping / recycling an asset, donating an asset, and asset disposals. This means that the new timing window will first be used for the February 23 Hour-Ahead Auction that runs from 10:35 10:50 AM (Central). Employees routinely work under conditions that require exceptional safety measures and awareness. The cost and number of webMarket administrator and user login IDs allowed for each auction participant is determined by the Participation Agreement. This "Phase II" compliance filing was accepted by FERC on December 17, 2009. Key features of the Plan include: $250 minimum initial investment with a one-time enrollment fee of $15 for new investors. The Southern Auction Administrator cannot access third-party data, except upon express permission of the Independent Auction Monitor (IAM). Office Furniture Lot (2544964) Mesa Az. This is because larger companies have many more idle assets and consequently, more opportunities to generate savings through efficient processes. We recognize the value our investors and stakeholders place on transparency. At The Southern Company, we promise to treat your data with respect and will not share your information with any third party. Three of these changes had been in effect for some time on a voluntary basis, but they are now part of the filed tariff: Two changes are new, however, and one will directly affect how you interact with the Energy Auction. Energy can connect people, business and future generations to possibility and opportunity. Independent Monitoring of the Energy Auction. Investment recovery, also called asset recovery or resource recovery, is the process of recouping the value of unused or end of life assets. For detailed information regarding the rules and regulatory framework of the Southern Company Energy Auction, please seeAuction Rules and Compliance. You can sign up for additional alert options at any time. The auction includes simultaneous day-ahead energy auctions for firm-LD energy and recallable energy, along with an hour-ahead energy auction for non-firm energy. The energy coordinator shall determine how many of the eligible MWs should be curtailed and what time the curtailment should begin. The outcome of each auction includes an auction clearing price, expressed in $/MWH, and a list of indicative "transactions" (i.e., sellers and buyers matched at the auction clearing price). To make a request to purchase energy offered through the day-ahead energy (DAE) Auction or hour-ahead energy (HAE) Auction, auction participants must submit a bid in the appropriate auction. Bid/Offer Spread: The criteria applicable to the posting of Energy Auction bid/offer spreads are being revised. Our mission to provide clean, safe, reliable and affordable energy is about more than our bottom line. If the buyer has netting in place with Southern Company, the buy back will correspond to a net payment to Southern Company in the amount of 10 percent of the total dollar value of the transaction as shown in the Transaction Summary. Additional Independent Auction Administrator Contacts. As we make smarter moves for our climate, we are delivering a more reliable and resilient system and advancing diversity, equity and inclusion in our workplace and in our communities. | Privacy Statement We value your feedback and look forward to hearing from you. If the upstream product is nonfarm, loss of supply would be considered a failure to deliver. With over 50 years of experience we understand the importance of high touch, personalized, flexible service. It can also involve taking pictures of the asset or following another standard asset cataloging procedures. An auction can be a cost effective way to sell assets or inventory and can be a great way to discover the price of an item. Our Services Land Equipment Portfolio Analysis Additional Services How Can We Help? The hour-ahead energy auction will take place each hour of the day, 24 hours a day, seven days a week, including NERC holidays. There will usually be additional terms and conditions that will apply to this sale due to the sensitive nature of the asset. //xmlhttp0.open("POST", secureWebRoot + "/external/wcpages/v12/gateway/gateway.aspx?OutputType=json&Namespace=Weblink_Core&TypeName=WC_ReferralManager&MethodName=AddListingReferralEntries&FriendlyResponse=False&Async=True", true); If you experience any issues with this process, please contact us for further assistance. Southern Companys electric operating company Georgia Power is currently building the first new nuclear units in the United States in the last three decades. This usually involves getting multiple offers, comparing them, and selecting the best one. Southern Investment Plan. Despite a 4.9% YoY decline in total revenues from 2019 to . Southern Companys electric operating company Georgia Power is currently building the first new nuclear units in the United States in the last three decades. The primary difference between these day-ahead products is the right of Southern Company to curtail recallable energy in the event of a supply-side disruption. | Contact Us, $250 minimum initial investment with a one-time enrollment fee of $15 for new investors, Ability to invest additional amounts - $25 minimum, Investment through direct debit of bank accounts. Were always looking ahead, and our innovations in the industryfrom new nuclear to deployment of electric transportation and renewables help brighten the lives and businesses of millions of customers nationwide. Outsourced sale services do entail significant costs. These Web Services are approved by the Auction Provider for programmatic access to the Auction System, and user manuals related to Web Services will be available in the auction system. As changed, this information will now be posted on a four-month delay beginning with the next monthly posting. Fixed price sale is often the easiest sale to make for an investment recovery professional. This list only includes the pending applications where the business is allowed to conduct business while they are waiting to be approved or denied. The implementation subsequently began on April 23, 2009. July 28, 2022. These auctions will be run for each business day, Monday through Friday, excluding NERC holidays. Accounts Recovery (U.S.A.) Corporation LLC. Welcome to the surplus sales site of The Dow Chemical Company! Southern Company is committed to transparent disclosure of our sustainability initiatives. Southern Company reports fourth-quarter and full-year 2022 financial results. In addition to these changes, the following additional steps are being taken: Southern Company looks forward to implementing these changes and additions. Learn more about our online bidding process and registering online. We value your feedback and look forward to hearing from you. This is different from consignment because the outsourcer does not necessarily take ownership of the equipment. Failure to take delivery includes, but is not limited to, the following reasons: Failure to obtain proper transmission service for the transaction. Safety is a core value throughout the Southern Company system. These items are typically sold as they retire from service to make way for new fleet cars, trucks, and equipment. With over 50 years of experience we understand the importance of high touch, personalized, flexible service. Failure to properly submit a NERC tag for the transaction by the scheduling deadline, including: Failure to get a NERC Tag implemented because of a pre-existing TLR (the TLR was already in place when the auction opened). On October 19, 2009 Southern Company submitted a Compliance Filing to FERC that contained tariff revisions necessary to incorporate third party sellers per that acceptance order. A counterparty that has chosen to buy-through a non-reliability curtailment shall have the right to terminate its buy-through by notifying the seller with one-hour's notice. Investment recovery programs can be centralized or decentralized. Accolades for Southern Company. Participants wishing to participate as sellers must set up Counterparty Authorizations. Synchrony Global Services Philippines, Inc. Synchrony International Services Private Limited. Tool Box (2544967) Mesa Az. It is important that such programs are designed to accomplish the strategic business objectives set forth in the program charter. The proposal was conditionally accepted by FERC on December 18, 2008. 2030 Dow Center. Terms and Conditions. FREED A Professional Law Corporation, Law Offices OF Siegel & Siegel, A Professional Law Coporation. Other sensitive items may need to be disposed of by a company that will dismantle a piece of machinery and destroy it to prevent it from falling into a competitor's hands. Hazardous materials may need to be treated extensively before they can be regarded as safe for a landfill. The implementation of the energy auction will begin on April 23, 2009. Accolades. A qualifying supply disruption may include the de-ration or unplanned outage of a seller-owned or controlled generating unit, the curtailment of a prescheduled purchase or the curtailment of a power purchase agreement.
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