One of the conditions set forth by FERC in their Dec. 18, 2008 acceptance order required the expansion of the energy auction to include third party sellers within one year. Southern Company is honored to be a preferred energy partner for the U.S. Department of Defense (DOD) and federal agencies across the country. As per the Auction Rules, the buyer is responsible for ensuring that the scheduling source that appears on the NERC tag is the same as that assigned by the auction software. Southern Company is honored to be a preferred energy partner for the U.S. Department of Defense (DOD) and federal agencies across the country. There could be additional pending applications. 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). Participants with matching bid blocks and offer blocks will be notified by webMarket after clearing. 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. 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. 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. Our Company Values. Use constitutes acceptance of General Website Terms and Conditions. Third, there are very real storage costs for holding and storing equipment and materials. For recallable energy and hourly transactions in which Southern Company is the seller and the buyer does not properly take delivery of the purchased energy, Southern Company will buy back the energy at 90 percent of the transaction price. Click the following link forContact Information. Should you have any questions about these changes or about the Southern Company Energy Auction in general, please call or email the Southern Auction Administrator, April Gurley, at 205-257-2172 oralgurley@southernco.com. Southern Company operations have responsibility for more than 27,000 miles of transmission lines . Southern Company is committed to transparent disclosure of our sustainability initiatives. Historical Bid/Offer Posting: Currently, historical bids and offers by Auction participants are posted on a six-month delay. Phase II of the energy auction was subsequently implemented on January 4, 2010. 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. 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. 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. 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. After submitting your request, you will receive an activation email to the requested email address. While Atlanta is our home, we bring energy to homes and businesses across the country. If you want to experience the southern way, please contact us below. To Inquire About Purchasing Surplus Materials: Contact the Investment Recovery Center to ask about buying surplus materials. This change will take effect for all Hour-Ahead Auctions beginning on February 23, 2017, for power flow HE 13 (Central). Explore this report to learn more about how we put it . Donations can also provide goodwill and a tax benefit. It is important that such programs are designed to accomplish the strategic business objectives set forth in the program charter. Offer 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 offer price. Below is a list of the Debt Collector Applicants that are allowed to continue to conduct business while their application is being reviewed. 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. AAA CREDIT SERVICE COLLECTION AGENCY, INC. Accounts Receivable Automated Solutions Inc. Advance America, Cash Advance Centers of California, LLC, Advance America; Advance America, Cash Advance; Advance America, Cash Advance Centers, Associated Management Company Incorporated, Atlantic Credit & Finance Special Finance Unit III, LLC, Atlantic Credit & Finance Special Finance Unit, LLC, Bureaus Investment Group Portfolio No. Participation in the auction is open to any entity that is qualified to transact with Southern Company pursuant to their Market-Based Rate Tariff. Southern Company agreed to the additional conditions in a compliance filing on January 21, 2009, and FERC accepted this compliance filing on March 25, 2009. 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. In these cases, the asset will need to be disposed. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. Southern Company. Another way to sell an item is to consign it to a third party and have that third party sell the item. Through our PGA TOUR partnership, over $40 million has been donated in our communities to fund education, wellness programs & neighborhood revitalization. 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. Corporate Responsibility Executive Summary for 2021 highlights key areas of interest to help stakeholders access environmental, social and governance (ESG) disclosures and other meaningful information on topics like greenhouse gas (GHG) emissions reductions and diversity, equity and inclusion efforts. It provides a tax savings for the donated equipment. Southern Company system employees are inextricably woven into the communities we are privileged to serve. 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. This is a very real loss, but is often a loss that managers fail to account for. 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. Donation is an option that is not used as frequently by investment recovery professionals. As such, the seller would have the right to recall due to the loss or de-ration of that generating unit. The charter should define scopes for machinery and equipment, vehicles, office furniture and MRO. Office Furniture Lot (2544964) Mesa Az. 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. We are developing and deploying resilient, sustainable and economical energy solutions you can depend on no matter the storm. This auction will be for one-megawatt increments of non-firm energy for delivery "into Southern" in the upcoming hour. This is because asset sales and scrapped equipment are usually booked as revenue to the organization. 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. Across Southern Company, we are looking to improve relations between all members of the communities where we live and work. There are many ways to divest an asset. Our mission to provide clean, safe, reliable and affordable energy is about more than our bottom line. Through our PGA TOUR partnership, over $40 million has been donated in our communities to fund education, wellness programs & neighborhood revitalization. Don't have an account? Recallable energy transaction shall not be booked out with a firm-LD transaction unless otherwise agreed to by the buyer and seller. Across Southern Company, we have never stopped working during the COVID-19 pandemic as we continue to serve our 9 million customers every day. One of the most important parts of the investment recovery process is the identification idle assets. var AFT = "JQOOWFFTTMUGNQFXOLULSCD2WLS1Z9NJP6BJT9TCPUDLQKDFOSUQ86DLQ2D6O3UB8EDN63Q4DAOHUD3YG92MQ0DDO9U23NGU3U1T3W4MQH2MV7TG4GQRDTOVUQ47BH4C31QPDQO5UN4RB1581OQW2OVETXQCNBQVDIOUUK8OD5BOEVERM3J1THUWJDO8H5SDFPGZFES5SCBSMPF9OAUXSBJFFKTD"; As a fiduciary, Columbia Trust Company takes care to intimately understand your foundations mission so we can always act in your best interest. Optimum Professional Property Management Inc. reliable and affordable energy to our customers. If Southern Company authored the tags that must be curtailed, the energy coordinator or hourly scheduler shall initiate the necessary tag market adjustments within the business practice constraints of the Balancing authorities and transmission providers who are in the physical path of the tags. As we work to understand the best ways forward, we will continue bold and honest discussions within our company. 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. Shareowner Services Contact. By effectively divesting the asset, the organization can quickly obtain cash that can then be used to invest back into the business. You must click the activation link in order to complete your subscription. Southern Company continues to prioritize the delivery of clean, safe, The Nestl Purina Investment Recovery Group (IRG) manages the sale and re-deployment of Nestl Purina surplus equipment. It also includes assessing the condition of the asset and determining if it can still be used productively. Manage your information, view past sales history and much more. This usually involves getting multiple offers, comparing them, and selecting the best one. Steel Adjustable stands (2544957) Mesa Az. 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. Investment Recovery Association Mailing Address PO Box 419264 Kansas City, MO 64141-9264. If you are interested in purchasing surplus equipment or materials, or would simply like additional information, please contact us at the number below. 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. Synchrony Global Services Philippines, Inc. Synchrony International Services Private Limited. Seller has the right, but not the obligation, to curtail recallable energy transactions for a qualifying supply disruption. You may enroll in the Plan through Internet Enrollment or by submitting a completed Account Authorization Form. For detailed information regarding the rules and regulatory framework of the Southern Company Energy Auction, please seeAuction Rules and Compliance. Southern Company system employees are inextricably woven into the communities we are privileged to serve. Tools, Attachments, Parts, and Accessories. By placing successive competitive bids, the price is increases until the auction ends. 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. 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. Amplifying Program Investment; Reviving a Unique Landscape; Partnership with a Purpose. This can be helpful when an asset is large, complex, unwieldy, or requires special expertise to prepare to sell like a plant or oil rig. Once the decision has been made to sell an asset, an investment recovery professional next needs to decide how to sell the asset. We've got everything from antiques and oddities to oil and heavy equipment!!! To learn more about how Columbia Trust Company can work in alignment with your values to effectively manage your endowment, drop us a note. The Southern Investment Plan provides a convenient way to purchase shares of Southern Company common stock. Southern Company currently is providing auction participants free of charge one (1) administrator login ID and up to three (3) user login IDs. Attn: Southern Company Energy Auction Administrator**. The day-ahead energy auction consists of two simultaneous auctions - one for firm-LD energy and one for recallable energy. At Union Carbide, disposing of surplus is divided into three businesses: equipment, materials, and products. After the identification process has been completed for a piece of equipment, it may become obvious that the equipment can not be reused or resold. 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). Correctly using these divestment processes maximizes the value of the asset for the organization. Southern Company Surplus Equipment Auctions - JJ Kane Auctions Southern Company Surplus Equipment Auctions Used cars, trucks, utility and construction equipment from Southern Company's fleet are available for purchase by the general public in JJ Kane auctions throughout the year. If a counterparty does not choose to buy through the curtailment, the tag shall be curtailed. Southern Company. Surplus Auctions. By providing your email address below, you are providing consent to The Southern Company to send you the requested Investor Email Alert updates. Please click herefor more information. 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. Investment Recovery Association Mailing Address PO Box 419264 Kansas City, MO 64141-9264. A NERC tag that is rejected by Southern Company because it contained a scheduling source other than that assigned via the auction software. 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 Hour-Ahead Price Posting System: In an effort to further enhance transparency in the hour-ahead market, an electronic bulletin board is being implemented that reflects the average price of both purchases and sales by Southern of the hour-ahead Into Southern product. 24x7 Support: (763)-205-7099. Auctions work well when there are several buyers for an item. Both involve 50-megawatt blocks of energy for delivery "into Southern" during the 16-hour period from 6 a.m. to 10 p.m.
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