Some companies also use outsourcers to sell assets or equipment. Were recognized as a leader in our space for the strides we make in advancing sustainable energy. Through our PGA TOUR partnership, over $40 million has been donated in our communities to fund education, wellness programs & neighborhood revitalization. Especially if idle assets are located in another geographic area and are under control of another person, group, or operating entity. 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." Once the decision has been made to sell an asset, an investment recovery professional next needs to decide how to sell the asset. It's that understanding, combined with our expertise, that allows us to provide a full range of trust services and investment solutions, including . This can be a time consuming and lengthy process. With respect to hourly non-firm transactions (i.e., the product sold in the HAE auction), both buyer and seller will have been deemed to have met their obligations with respect to delivery and receipt once the tag is implemented. Offer blocks will be rejected where the offer price is higher than all bid prices. Portable Steel Tool box (2544966) Mesa Az. For all other shareholder inquiries, please contact Southern Company Shareholder Services. Investment recovery programs can be centralized or decentralized. Our mission to provide clean, safe, reliable and affordable energy is about more than our bottom line. First, if a piece of equipment works, it could be put to better use somewhere else. One of the most important parts of the investment recovery process is the identification idle assets. Shareowner Services Contact. The bid period for these two auctions will open at 12:00 p.m., two days prior to delivery and will close at 6:30 a.m., one day prior to the delivery day. Donations can also provide goodwill and a tax benefit. Our values set us apart, and they make us who we are. Independent Administration of the Energy Auction. 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. If such transactions must be curtailed for reliability, the fleet coordinator shall instruct the energy coordinator (Hourly Trading) how many MWs to curtail and when to curtail them (e.g., 400 MWs beginning HE 12). Our values set us apart, and they make us who we are. 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. 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. And clients and estate planners alike appreciate the fact that they can pick up the phone and get an answer almost immediately. The optimal method often can be difficult to determine but understanding the options available will usually make the decision easier. Welcome to the surplus sales site of The Dow Chemical Company! Weighted Average Hour-Ahead Transaction Prices, Constructive Regulation and Public Policy, "Rules on Southern Companies' Energy Auction Participation. Find comprehensive auctions and compliance information. For general questions regarding the Southern Company Energy Auction, please seeFrequently Asked Questions. Registration Step 1 Contact Information Please select the registrant type that best fits you. This may include model number, serial number, manufacturer, or other information. The professionally managed investments of Columbia Trust Company are: Northwest families and non-profits since 1966. View all. We are developing and deploying resilient, sustainable and economical energy solutions you can depend on no matter the storm. Epiq Investment Recovery Software Overview. Ability to invest additional amounts - $25 minimum. Each login ID requires the use of an OATI digital certificate. United States. To learn more about how Columbia Trust Company can provide you with trust or investment management services tailored to your familys unique needs, drop us a note. For idle assets, it is important to be able to track them, know where to find them, and to know which part of the organization they belong. The Nestl Purina Investment Recovery Group (IRG) manages the sale and re-deployment of Nestl Purina surplus equipment. Finally, if an idle asset is sold, it could provide an immediate cash benefit to the business. Southern Company is committed to transparent disclosure of our sustainability initiatives. The hour-ahead energy auction will take place each hour of the day, 24 hours a day, seven days a week, including NERC holidays. Were recognized as a leader in our space for the strides we make in advancing sustainable energy. Fixed price sale is often the easiest sale to make for an investment recovery professional. The counterparties have the right to buy through the full curtailment at the HAE auction price for recallable energy transactions curtailed for non-reliability purposes. In accordance with provision in the tariff, certain of the day to day aspects of the administration of the energy auction are permitted to be performed by an Independent Auction Administrator (IAA). However, in order for these processes to be effective, the company must have some basic procedures and systems in place to manage these processes and help make them successful. We support 9 million customers and businesses nationwide with electric utilities in three states and natural gas distribution utilities in four, and provide wholesale energy, customized distributed energy solutions and fiber optics and wireless communications across the country. The outcome of each of these two auctions will include an auction clearing price, expressed in $/MWH, and a list of indicative "transactions" (i.e., sellers and buyers matched at the auction clearing price). We are developing and deploying resilient, sustainable and economical energy solutions you can depend on no matter the storm. Copyright 2023 JJ Kane and/or its affiliates., All Rights Reserved. For recallable energy and hourly transactions in which the seller is not Southern Company and the buyer does not properly take delivery of the purchased energy, buyer and seller will mutually agree to appropriate compensation. We are developing and deploying resilient, sustainable and economical energy solutions you can depend on no matter the storm. Still other assets may be attached to a property or can be part of a plant and may need to be removed in order to be disposed. There will be two simultaneous day-ahead energy auctions one for firm-LD energy and one for recallable energy. 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. In addition, IRG works closely with other Nestl North American facilities through Nestl Business Services (NBS), providing equipment offerings from all aspects of the Nestl businesses. We recognize the value our investors and stakeholders place on transparency. Participation in the auction is open to any entity that is qualified to transact with Southern Company pursuant to their Market-Based Rate Tariff. Phase II Training Tools (Effective Jan 4, 2010). The Domestic And Foreign Missionary Society Of The Protestant Episcopal Church In The United States Of America, The Law Offices of Mitchell D. Bluhm & Associates, LLC, Todd A. Brisco & Associates, A Professional Corporation. Depending on their status as either approved or pending there are two ways to look them up. Southern Company. Bid blocks will be rejected where the bid price is lower than seller offer prices. Both involve 50-megawatt blocks of energy for delivery "into Southern" during the 16-hour period from 6 a.m. to 10 p.m. The proposal includes simultaneous day-ahead energy auctions for firm-LD energy and recallable energy, along with an hour-ahead energy auction for non-firm energy. Southern Investment Plan. 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. 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. reliable and affordable energy to our customers. var xmlhttp0POST = '{"ProfileIDsCSV" : "' + profileidcsv + '","ListingIDsCSV" : "' + listingidcsv + '","ReferralType" : "' + referraltype + '","FileName" : "' + filename + '","AFT" : "' + AFT + '"}'; There will be an hour-ahead energy auction each hour of the day, 24 hours a day, seven days a week, including NERC holidays. / How Investment Recovery is practiced in any given enterprise [Staff Report, 1975] depends on the accounting systems and on the company's philosophies regard ing engineering and product management. Learn more about our online bidding process and registering online. Its that understanding, combined with our expertise, that allows us to provide a full range of trust services and investment solutions, including non-traditional assets and business ventures. Transactions equaling this amount of energy shall be curtailed for the remainder of the schedule in accordance with the curtailment priority established by the webMarket software. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. 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. Building the future of energy is a big mission, and were honored to take it on. Terms and Conditions Alabama Power (0) Georgia Power (0) Mississippi Power (0) Plant Hammond (0) Plant Wansley (0) Southern Company Gas (0) More Surplus Auctions ** NOTICE TO ALL BOEING EMPLOYEES ** FOR REDEPLOYABLE ASSETS - PLEASE VISIT THE ENTERPRISE REDEPLOYMENT SITE Enterprise Equipment Redeployment (search 'EER' on Boeing network) ASSETS UP FOR AUCTION ARE NOT REDEPLOYABLE Per the Debt Collector Licensing Act some applicants are allowed to do business while they are waiting to be denied or approved. Outsourced sale services do entail significant costs. The new bid/offer spread calculator will be operational beginning with the change in the Hour-Ahead Bid Period on February 23, 2017. 2030 Dow Center. The divestment process requires that companies maintain an active pool of prospective buyers and know how to contact these buyers. The bid period will open at 75 minutes prior to the delivery hour and will close at 60 minutes prior to the delivery hour. Southern Company has contracted with OATI to develop and host the webMarket software being used for the Southern Company Energy Auction. These include idle asset identification, asset redeployment, and divestment. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. Safety is a core value throughout the Southern Company system. Building the future of energy is a big mission, and were honored to take it on. Alabama Power Company | | | | Other >> Utility. 4329 SE I-10 Frontage Rd. Seller retains the right to reject without consequence to itself any tag that does not contain the proper scheduling source. Many consignment companies charge 10 to 15% of the sale price to conduct these specialized asset sales. A NERC tag that is rejected by Southern Company because it did not contain the assigned EnergyID (see Business Practice #9 below); and. Below is a list of the Debt Collector Applicants that are allowed to continue to conduct business while their application is being reviewed. There are many hidden costs that are associated with carrying idle assets. 14660 Chestnut St. We will work hard to understand you, your family and the life youve built so that your vision for the future can be realized. As we work to understand the best ways forward, we will continue bold and honest discussions within our company. Redeploying an idle asset to another part of an organization is one of the best and most cost effective things an investment recovery professional can do with an idle asset. Other assets may be of such a sensitive nature that a company can not afford to have the asset fall into competitors hands. Second, unused equipment depreciates in value and results in an actual expense on the books. The sealed bid process, while similar to an auction, involved taking one "last and best" offer from prospective buyers. All prospective participants must execute a Participation Agreement before participating in the energy auction. Our seasoned team of professionals manages a full spectrum of sophisticated investment solutions, ranging from securities to family businesses. IRC Surplus is a surplus company that buys and sells everything! Southern Company continues to prioritize the delivery of clean, safe, Ethiopian community development council, inc. Bid blocks also may be rejected for any of the following reasons: Submission of the bid block results in a potential credit violation; Clearing of the bid block results in a potential credit violation; and a bid block submitted as full clearing cannot be resolved as part of an auction clearing. Additional Independent Auction Administrator Contacts. Nevertheless, an effective donation can provide great benefits to the donating organization. Pricing Design Analyst. Investment Recovery. We value your feedback and look forward to hearing from you. Building the future of energy is a big mission, and were honored to take it on. 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. Terms and Conditions. For information regarding participating in the bid-based energy auction, please seeAuction Registration Process. Our Services Land Equipment Portfolio Analysis Additional Services How Can We Help? The charter should define scopes for machinery and equipment, vehicles, office furniture and MRO. For information regarding participating in the bid-based energy auction, please seeAuction Registration Process. This is because making a donation can be a more time consuming process since it can take a while to find an entity qualified and willing to receive a donation. function recordReferralOnClick(profileidcsv, listingidcsv, referraltype) { In these cases, the asset will need to be disposed. We believe in the importance of protecting critical infrastructure and Americas way of life. Investment Recovery Association Physical Location 10100 N Ambassador Dr, St 310 Kansas City, MO 64153. COMPANY NAME TRADE NAME/ALIAS CITY STATE COUNTRY "Northern California Collection Service, Inc." Sacramento: CA: USA: 1803 Capital, LLC: Metairie: LA: USA: 2nd Chance . In some cases, the entity controlling these assets may not have an incentive to have them labeled as idle. Our values set us apart, and they make us who we are. These items are typically sold as they retire from service to make way for new fleet cars, trucks, and equipment. At Union Carbide, disposing of surplus is divided into three businesses: equipment, materials, and products. These auctions will be run for each business day, Monday through Friday, excluding NERC holidays. Credit Bureau of Northern California Collection Services, Inc. D.A.N. Both involve 50-megawatt blocks of energy for delivery "into Southern" during the 16-hour period from 6 a.m. to 10 p.m. Search in item name and keyword list. Finally, reusing an asset at the new location should also produce a benefit that exceeds the cost of purchasing a new item. Southern Company system employees are inextricably woven into the communities we are privileged to serve. In the event that an idle asset can not be redeployed, it should be quickly sold, scrapped, recycled, donated, or disposed. As changed, this information will now be posted on a four-month delay beginning with the next monthly posting. Participants wishing to participate as sellers must set up Counterparty Authorizations. This auction will be for one-megawatt increments of non-firm energy for delivery "into Southern" for the upcoming hour. 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). Southern Company reports third-quarter 2022 earnings. The energy auction will be monitored by an Independent Auction Monitor (IAM) that is approved by FERC. October 27, 2022. Employees routinely work under conditions that require exceptional safety measures and awareness. Please click herefor more information. Southern Company operations have responsibility for more than 27,000 miles of transmission lines, 3,700 substations, and 300,000 acres of right of way. The proposal was conditionally accepted by FERC on December 18, 2008. Office Furniture Lot (2544964) Mesa Az. Donations also help the receiving organization since that organization has a great need for the equipment. Safety is a core value throughout the Southern Company system. At The Southern Company, we promise to treat your data with respect and will not share your information with any third party. Across Southern Company, we have never stopped working during the COVID-19 pandemic as we continue to serve our 9 million customers every day. The Southern Auction Administrator cannot access third-party data, except upon express permission of the Independent Auction Monitor (IAM). 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. Auctions work well when there are several buyers for an item. Auctions can be conducted off line in an oral outcry format, or can be conducted on line in an automated format. These treatments are not cheap and often involve the use of hazardous materials experts. Once these documents are in place, auction participants will be granted a User ID and temporary password for a participant administrator to access the auction . Amplifying Program Investment; Reviving a Unique Landscape; Partnership with a Purpose. Legacy is about how you, and only you, want to be remembered. Southern Company is excited to announce new changes to the Energy Auction. It also requires that companies have effective ordering and invoicing systems, accounting tools, and tax tracking abilities. Historical Bid/Offer Posting: Currently, historical bids and offers by Auction participants are posted on a six-month delay. As we work to understand the best ways forward, we will continue bold and honest discussions within our company. If the recallable energy transactions do not need to be curtailed for reliability, the energy coordinator shall determine if the transactions should be curtailed for non-reliability reasons. In addition to these changes, the following additional steps are being taken: Southern Company looks forward to implementing these changes and additions. Auction Information | Southern Company About Energy Auction Auction Information Auction Information 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. In this case, a scrap company that specializes in recycling old metals would pay a certain amount per pound for the piece of equipment. The method of divestment will depend on several factors: the condition of the asset, the fair market value, the number of prospective buyers, the complexity of the asset, the book value of the item, and whether the asset has hazardous materials or components. Southern Company system employees are inextricably woven into the communities we are privileged to serve. Use constitutes acceptance of General Website Terms and Conditions. The webMarket software can be accessed directly athttps://www.socowmkt.oati.com/socowmkt/sys-login.wml. Synchrony Global Services Philippines, Inc. Synchrony International Services Private Limited. It provides a tax savings for the donated equipment. Terms and Conditions We're recognized as a leader in our space for the strides we make in advancing sustainable energy. Southern Company. Constant Processing; QCS; Qualia Collection Services, OPTNSVC Mexico, S. De R.L.
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