Investment Recovery Corporation. Sign up for an account. As always, we value your input and appreciate your participation in the Southern Company Energy Auction. While Atlanta is our home, we bring energy to homes and businesses across the country. However, in accordance with the limitations in the energy auction software, each auction participant company is limited to one bid per DAE auction and one bid per HAE auction. 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. It is important that such programs are designed to accomplish the strategic business objectives set forth in the program charter. 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. Accolades. Explore this report to learn more about how we put it . Legacy is about how you, and only you, want to be remembered. A NERC tag that is rejected by Southern Company because it contained a scheduling source other than that assigned via the auction software. Dont miss out and sign up for email updates. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. At The Southern Company, we promise to treat your data with respect and will not share your information with any third party. This may include model number, serial number, manufacturer, or other information. Share your feedback. var xmlhttp0POST = '{"ProfileIDsCSV" : "' + profileidcsv + '","ListingIDsCSV" : "' + listingidcsv + '","ReferralType" : "' + referraltype + '","FileName" : "' + filename + '","AFT" : "' + AFT + '"}'; Please take a moment to complete the questions below. Were committed to supporting and improving our communities and environment. In addition, a successful divestment provides a significant (and often unexpected boost) to the organization's bottom line. Phase II Training Tools (Effective Jan 4, 2010). Welcome to the surplus sales site of The Dow Chemical Company! Southern Company is excited to announce new changes to the Energy Auction and your interaction with it. For redeployments, the company must have a way to let other parts of the organization know about idle assets and have an easy way to request these assets for use in their operations. Postings will be made the day after the transactions occur (e.g., averages for all hour-ahead purchases and sales for each hour (124) of February 2 would be posted on February 3 by 2 PM Central. 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 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. IRC Surplus is a surplus company that buys and sells everything! These views should not be construed as a recommendation for any specific security. For the firm-LD transactions (the other product sold in the DAE auction), standard rules and practices for the delivery and receipt of firm-LD products apply. Additional Independent Auction Administrator Contacts. There are many ways to divest an asset. Auctions are also appropriate when the value of an item is not known to the seller. Were recognized as a leader in our space for the strides we make in advancing sustainable energy. Were committed to supporting and improving our communities and environment. Fourth, idle equipment represents capital that is tied up and is not earning a return on investment. Our values set us apart, and they make us who we are. Midland, Michigan 48674. Fax: 1-714-895-0322. There are a large number of other processes that fall under each of these areas. A bid contains any number of requested bid blocks. Registration Step 1 Contact Information Please select the registrant type that best fits you. Third parties that specialize in selling items often have a list of qualified buyers and are better prepared to conduct the sale. Within the Auction System, "Web Services" are available to facilitate automated uploading and downloading of various data. The buyer is also responsible for submitting NERC tags for all HAE auction transactions and for DAE auction firm-LD transactions. Southern Company 4.0. The following describes the particulars of the Phase II Energy Auction. Hazardous materials may need to be treated extensively before they can be regarded as safe for a landfill. Another important method of divestment is scrapping or recycling. For information pertaining to Phase I of the Energy Auction (i.e., the period of the energy auction prior to Phase II whereby Southern Company was the only authorized seller), please seePhase I Energy Auction Information. If you experience any issues with this process, please contact us for further assistance. Investment Recovery Southern Company jobs - Indeed 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. Phone: +1 989 638 8173. Across Southern Company, we have never stopped working during the COVID-19 pandemic as we continue to serve our 9 million customers every day. Optimum Professional Property Management Inc. 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. Assets can fit into the disposal category if they are hazardous materials and need special environmental treatment. We're recognized as a leader in our space for the strides we make in advancing sustainable energy. Employees routinely work under conditions that require exceptional safety measures and awareness. Search in item name and keyword list. Project continues pathway of U.S. Department of Energy Advanced Reactor Concepts (ARC-15) program to promote design, construction and operation of Generation-IV nuclear reactors. Use constitutes acceptance of General Website Terms and Conditions. Views of Columbia Trust Company are as of the date published and are subject to change based on market conditions and other factors. The IAM will continue to provide annual reports to FERC regarding the Energy Auction. The purpose of the energy auction is to resolve perceptions that Southern Company could exercise horizontal market power through the physical or economic withholding of generation. Another way to sell an item is to consign it to a third party and have that third party sell the item. 24x7 Support: (763)-205-7099. Surplus Auctions. Across Southern Company, we are looking to improve relations between all members of the communities where we live and work. Southern Company. The new bid/offer spread calculator will be operational beginning with the change in the Hour-Ahead Bid Period on February 23, 2017. 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. Both involve 50-megawatt blocks of energy for delivery "into Southern" during the 16-hour period from 6 a.m. to 10 p.m. 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. The Southern Investment Plan provides a convenient way to purchase shares of Southern Company common stock. IRC Surplus 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 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. Seller retains the right to reject without consequence to itself any tag that does not contain the proper EnergyID. Southern Company continues to prioritize the delivery of clean, safe, Energy can connect people, business and future generations to possibility and opportunity. Seller has the right, but not the obligation, to curtail recallable energy transactions for a qualifying supply disruption. These auctions will be run for each business day, Monday through Friday, excluding NERC holidays. 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. You may enroll in the Plan through Internet Enrollment or by submitting a completed Account Authorization Form. Promoting Professional Management of Surplus Assets. Through our PGA TOUR partnership, over $40 million has been donated in our communities to fund education, wellness programs & neighborhood revitalization. United States. Shareowner Services Contact. And clients and estate planners alike appreciate the fact that they can pick up the phone and get an answer almost immediately. 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. Investment Recovery Association Mailing Address PO Box 419264 Kansas City, MO 64141-9264. Southern Company is excited to announce new changes to the Energy Auction. The only option for the piece of equipment is to sell it for scrap value. worldwide search portal WWX.com. In these cases, the asset will need to be disposed. The bid period will open at 60 minutes prior to the delivery hour and will close at 45 minutes prior to the delivery hour. An investment recovery program is a group of projects with a plan of action aimed at accomplishing the following business objectives: appraisals, closures, demolition, sales, transfers, and waste stream management. This is an effective time saving device for the investment recovery professional. If you experience any issues with this process, please contact us for further assistance. 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. We value your feedback and look forward to hearing from you. Alabama Power (0) Georgia Power (0) Mississippi Power (0) Plant Hammond (0) Plant Wansley (0) Southern Company Gas (0) If you want to experience the southern way, please contact us below. If a counterparty chooses to buy through the curtailment, the tag shall not be curtailed and the price for each hour thereafter shall be changed to reflect the hourly market clearing price. February 16, 2023. Here is where you can easily find surplus capital equipment for chemical process equipment and related operations, as well as . Southern Investment Plan. 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. 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. Equipment is added daily! Southern Company: Registration form Atlanta, GA 30308 (Old Fourth Ward area) John Portman Blvd & Courtland St. 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. Southern Company currently is providing auction participants free of charge one (1) administrator login ID and up to three (3) user login IDs. xmlhttp0.open("POST", "/external/wcpages/v12/referral/record.aspx?ProfileIDsCSV=" + profileidcsv + "&ListingIDsCSV=" + listingidcsv + "&ReferralType=" + referraltype + "&FileName=" + filename + "&AFT=" + AFT, true); 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. 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. Auctions work well when there are several buyers for an item. Across Southern Company, we are looking to improve relations between all members of the communities where we live and work. | Privacy Statement 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. 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 is hoped that they will enhance market activity in the Southeast and the utilization of the Energy Auction and its electronic platform. There will usually be additional terms and conditions that will apply to this sale due to the sensitive nature of the asset. Once an auction participant has entered an offer, that offer may be changed at any point during the auction period (e.g., changing previously submitted offer blocks, adding or removing offer blocks, or removing the entire offer). There can be significant costs associated with the asset disposal process. Information about Phase I of the Energy Auction. Don't have an account? Were recognized as a leader in our space for the strides we make in advancing sustainable energy. The webMarket software can be accessed directly athttps://www.socowmkt.oati.com/socowmkt/sys-login.wml. 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). Steel Adjustable stands (2544957) Mesa Az. Email: shareholderservices@southernco.com. Southern Companys electric operating company Georgia Power is currently building the first new nuclear units in the United States in the last three decades. Our values set us apart, and they make us who we are. We value your feedback and look forward to hearing from you. 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." All transmission-related arrangements and costs, including tagging, are the responsibility of the winning bidders. Sealy, TX 77474. The bid period will open at 75 minutes prior to the delivery hour and will close at 60 minutes prior to the delivery hour. Energy Auction | Southern Company Offer blocks also may be rejected for any of the following reasons: the bid blocks available violate credit if matched with the offer block; and an offer block submitted as full clearing cannot be resolved as part of an auction clearing. The Brattle Group currently serves as the IAM for the energy auction. After submitting your request, you will receive an activation email to the requested email address. For all other shareholder inquiries, please contact Southern Company Shareholder Services. Collection Bureau of Fort Walton Beach, Inc. Collection Bureau of the Hudson Valley, Inc. Comcast California Collection Services, LLC, Commercial Industries Service Company Inc, Concentrix Daksh Services India Private Limited, Concentrix Daksh Services Philippines Corporation, Construction Credit and Finance Group, LLC. In the event of a supply disruption that affects the available capacity offered into the DAE auction, the fleet coordinator (Real Time Operations) shall determine if recallable energy transactions must be curtailed for reliability. Southern Company. Investment Recovery Association Mailing Address PO Box 419264 Kansas City, MO 64141-9264. Recallable energy transaction shall not be booked out with a firm-LD transaction unless otherwise agreed to by the buyer and seller. 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. Correctly using these divestment processes maximizes the value of the asset for the organization. Depending on their status as either approved or pending there are two ways to look them up. As we work to understand the best ways forward, we will continue bold and honest discussions within our company. Southern Companys electric operating company Georgia Power is currently building the first new nuclear units in the United States in the last three decades. Once the decision has been made to sell an asset, an investment recovery professional next needs to decide how to sell the asset. Redeploying an asset to another part of an organization removes an asset from the idle category and also saves the organization money by eliminating the need to purchase a new asset at current market rates. 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. Our Company Values. It will be the responsibility of the buyers and sellers to confirm and finalize the transaction in accordance with their own enabling agreements. It will be the responsibility of the buyers and sellers to confirm and finalize the transaction in accordance with their own enabling agreements. Welcome to Boeing Investment Recovery Please select a sales or auction type from the navigation bar at top. The governing terms and conditions are set forth in Southern Company's Market-Based Rate Tariff, which is on file with FERC and accessible atwww.ferc.gov. Southern Company continues to prioritize the delivery of clean, safe, xmlhttp0.send(xmlhttp0POST); Third, there are very real storage costs for holding and storing equipment and materials. This "Phase II" compliance filing was accepted by FERC on December 17, 2009. Our values set us apart, and they make us who we are. Southern Company Surplus Equipment Auctions - JJ Kane Auctions // Browser cannot post to SSL path unless it is the same domain. As you may be aware, the Federal Energy Regulatory Commission (FERC) recently accepted a number of changes to the Energy Auction that Southern Company proposed in December of 2016. Sign in to get started bidding on one of our online/timed auctions using Proxibid. Attn: Southern Company Energy Auction Administrator**. 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). 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 mission to provide clean, safe, reliable and affordable energy is about more than our bottom line. End User First Name Last Name Company Position/Title Address City Country United States of America State Select a state Postal Code Daytime Phone Cell Phone Fax Email Ship To Address Same as Billing Address Company Name First Name Last Name Address City Offers also must indicate whether the offer block can be partially cleared or must be cleared "full" (i.e., all or nothing). 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. 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. Private sales are usually appropriate for more sensitive assets or branded inventory. 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. Copyright 2023 JJ Kane and/or its affiliates., All Rights Reserved. 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. The energy auction will be monitored by an Independent Auction Monitor (IAM) that is approved by FERC. TranServ International, Inc. currently serves as the IAA for the energy auction. There are many hidden costs that are associated with carrying idle assets. Southern Company system employees are inextricably woven into the communities we are privileged to serve. Participation in the auction as either a buyer or a seller is open to any entity that is qualified to transact in the wholesale markets of the Southern Balancing Authority Area. Investment Recovery Southern Company $40,000 jobs - Indeed Southern Companys electric operating company Georgia Power is currently building the first new nuclear units in the United States in the last three decades. With over 50 years of experience we understand the importance of high touch, personalized, flexible service. Each login ID requires the use of an OATI digital certificate. Good Energy doesnt wait for the future it shapes the future with new ideas, new technologies and an unfaltering commitment to make things better all while building value for our customers and investors. In addition to these changes, the following additional steps are being taken: Southern Company looks forward to implementing these changes and additions. This usually involves getting multiple offers, comparing them, and selecting the best one. Into GTC Auctions: In response to requests from participants, an auction system for the HourAhead Non-firm product and the Day-Ahead Firm Liquidated Damages (Firm LD) product deliverable into the Georgia Transmission Company (i.e., Into GTC) is now under development. Southern Company continues to prioritize the delivery of clean, safe, reliable and affordable energy to our customers. 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. 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. As a fiduciary, Columbia Trust Company takes care to intimately understand your foundations mission so we can always act in your best interest. 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. Alabama Power Company - Invrecovery Buying & Selling | Partners & Vendors | Home - SCE This is not as simple as it might first appear. July 28, 2022. That's our vision. If the equipment is made of a valuable metal and does not contain hazardous materials, it would likely have significant value based on the value of the metals. This amount would be based on the type of metal it is composed of and the current market value for that metal. Failure to take delivery includes, but is not limited to, the following reasons: Failure to obtain proper transmission service for the transaction. 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. 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. The information will continue to be available at. Please click herefor more information. Use constitutes acceptance of General Website Terms and Conditions. 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. Portable Steel Tool box (2544966) Mesa Az. ROLLING STOCK . As such, the seller would have the right to recall due to the loss or de-ration of that generating unit. 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. Ethiopian community development council, inc. Organizations of all types and sizes practice some form of investment recovery. Columbia Trust Company operates out of five offices located in Washington, Oregon and Idaho, making us a great choice for geographically distributed families. The implementation subsequently began on April 23, 2009. Northwest families and non-profits since 1966. Surplus Sales - Boeing 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. All of these words. 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. For detailed information regarding the rules and regulatory framework of the Southern Company Energy Auction, please seeAuction Rules and Compliance. The optimal method often can be difficult to determine but understanding the options available will usually make the decision easier. Tata Consultancy Services (Philippines) Inc. Texas Guaranteed Student Loan Corporation. / 2022 Moving to Equity report outlines Southern Companys commitment to DE&I, progress and actions taken to advance equity. ", https://www.socowmkt.oati.com/socowmkt/sys-login.wml, http://www.southerncompany.com/about-us/energy-auction/historical-bids-and-offers.html, Energy Auction Clearing Methodology (Phase IIThird Party Sellers), How to use the Multi-Hour Bid/Offer Entry Screen, Accessing the Southern Company Energy Auction software, Establishing & maintaining credit limits and company blocking, Failure to properly take delivery of energy. 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. Were recognized as a leader in our space for the strides we make in advancing sustainable energy. You must click the activation link in order to complete your subscription. The cost-based cap for all offers submitted by Southern in the Energy Auction does not include a demand charge. 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 . 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. One of the most important parts of the investment recovery process is the identification idle assets. Utility . Safety is a core value throughout the Southern Company system. In some cases, the entity controlling these assets may not have an incentive to have them labeled as idle. Southern Company: A Decent Buy At $60/Share - SeekingAlpha Accounts Recovery (U.S.A.) Corporation LLC. function recordReferralOnClick(profileidcsv, listingidcsv, referraltype) { If for any reason, the buyer and seller fail to consummate a transaction that was cleared through the Auction, the buyer and seller must notify the IAA within 1 business day. Our mission to provide clean, safe, reliable and affordable energy is about more than our bottom line. Other assets may be of such a sensitive nature that a company can not afford to have the asset fall into competitors hands. Across Southern Company, we are looking to improve relations between all members of the communities where we live and work. 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 or hourly scheduler will notify all counterparties with tags that must be curtailed. var AFT = "JQOOWFFTTMUGNQFXOLULSCD2WLS1Z9NJP6BJT9TCPUDLQKDFOSUQ86DLQ2D6O3UB8EDN63Q4DAOHUD3YG92MQ0DDO9U23NGU3U1T3W4MQH2MV7TG4GQRDTOVUQ47BH4C31QPDQO5UN4RB1581OQW2OVETXQCNBQVDIOUUK8OD5BOEVERM3J1THUWJDO8H5SDFPGZFES5SCBSMPF9OAUXSBJFFKTD"; To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. The implementation of the Southern Company Energy Auction subsequently took place on April 23, 2009. When we have company assets we need to sell - such as old office equipment, industrial equipment or other surplus materials - Consumers Energy turns to our Investment Recovery Center, located in Jackson, Michigan. However, larger organizations that have more equipment, operating locations, employees, or assets often have the greatest opportunities to reap benefits by implementing investment recovery best practices.
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