That's our vision. 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). Southern Company continues to prioritize the delivery of clean, safe, . Please click, Weighted Average Hour-Ahead Transaction Prices, Constructive Regulation and Public Policy. If the upstream product is nonfarm, loss of supply would be considered a failure to deliver. 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. 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. xmlhttp0.open("POST", "/external/wcpages/v12/referral/record.aspx?ProfileIDsCSV=" + profileidcsv + "&ListingIDsCSV=" + listingidcsv + "&ReferralType=" + referraltype + "&FileName=" + filename + "&AFT=" + AFT, true); 2022 Moving to Equity report outlines Southern Companys commitment to DE&I, progress and actions taken to advance equity. Auction Participants can download the necessary registration documents from theAuction Registration Processsection of the Energy Auction website. 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. Dont miss out and sign up for email updates. The IAM will continue to provide annual reports to FERC regarding the Energy Auction. A bid contains any number of requested bid blocks. Governance . reliable and affordable energy to our customers. These Investment Southern Company is excited to announce new changes to the Energy Auction. We value your feedback and look forward to hearing from you. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. Our values set us apart, and they make us who we are. Please take a moment to complete the questions below. The new bid/offer spread calculator will be operational beginning with the change in the Hour-Ahead Bid Period on February 23, 2017. The price posting system will be operational beginning with the change in the Hour-Ahead Bid Period on February 23, 2017. 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. The Brattle Group currently serves as the IAM for the energy auction. Southern Company reports third-quarter 2022 earnings. The bid period will open at 60 minutes prior to the delivery hour and will close at 45 minutes prior to the delivery hour. Joint Venture II, A Limited Partnership, Debt Recovery Attorneys, A Professional Corporation. Many consignment companies charge 10 to 15% of the sale price to conduct these specialized asset sales. 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. Donations also help the receiving organization since that organization has a great need for the equipment. There will be two simultaneous day-ahead energy auctions one for firm-LD energy and one for recallable energy. An offer contains any number of offer blocks. 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. Another important method of divestment is scrapping or recycling. Southern Company reports fourth-quarter and full-year 2022 financial results. For detailed information regarding the rules and regulatory framework of the Southern Company Energy Auction, please seeAuction Rules and Compliance. This can work quite well for selling an item and like an auction, ensures a fair and transparent process. Copyright 2023 JJ Kane and/or its affiliates., All Rights Reserved. reliable and affordable energy to our customers. This EnergyID shall be located in the contract field of the physical path generator line. Finally, for some property and equipment, the services of a demolition company may be required. Use constitutes acceptance of General Website Every day at Southern Company, we put into motion our vision for the future of energy. The counterparty must terminate its buy-through for the remainder of the schedule. | Privacy Statement You may enroll in the Plan through Internet Enrollment or by submitting a completed Account Authorization Form. This auction will be for one-megawatt increments of non-firm energy for delivery "into Southern" for the upcoming hour. 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. Participation in the auction is open to any entity that is qualified to transact with Southern Company pursuant to their Market-Based Rate Tariff. The energy coordinator or hourly scheduler will notify all counterparties with tags that must be curtailed. 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. United States. Energy can connect people, business and future generations to possibility and opportunity. Welcome to the surplus sales site of The Dow Chemical Company! After submitting your request, you will receive an activation email to the requested email address. Outsourced sale services do entail significant costs. 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. 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. Universal Component Lender Services, Inc. Waggoman & Smith, A Professional Law Corporation, McKinley Hills, Fort Bonifacio, Taguig City, Winn Law Group, a Professional Corporation. Assets can fit into the disposal category if they are hazardous materials and need special environmental treatment. Despite a 4.9% YoY decline in total revenues from 2019 to . We believe in the importance of protecting critical infrastructure and Americas way of life. Company Values. Terms and Conditions Were committed to supporting and improving our communities and environment. It's that understanding, combined with our expertise, that allows us to provide a full range of trust services and investment solutions, including . At Union Carbide, disposing of surplus is divided into three businesses: equipment, materials, and products. Contact Us 478-218-2189 info@southerninvestmentsllc.com Navigate About Land For Sale Equipment For Sale Contact Estimated $80.1K - $101K a year. Professional Bureau of Collections of Maryland, Inc. SCA Collections - Greenville, N. C., Inc. Oghma Credit Services; Orange Capital Solutions, Sutherland Global Collection Services LLC. 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. 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. We will work hard to understand you, your family and the life youve built so that your vision for the future can be realized. We've got everything from antiques and oddities to oil and heavy equipment!!! Note that a buyer may continue to attempt to submit properly formatted tags up to the tagging deadline. 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. For general questions regarding the Southern Company Energy Auction, please seeFrequently Asked Questions. While Atlanta is our home, we bring energy to homes and businesses across the country. 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 Investment Plan. As a fiduciary, Columbia Trust Company takes care to intimately understand your foundations mission so we can always act in your best interest. Midland, Michigan 48674. Equipment is added daily! If the auction software does not assign the scheduling source, then the scheduling source will be provided by the seller so as to allow timely submission of the NERC tag. Investment Recovery Association Physical Location 10100 N Ambassador Dr, St 310 Kansas City, MO 64153 . There will be an hour-ahead energy auction each hour of the day, 24 hours a day, seven days a week, including NERC holidays. It can also require a lot of record keeping and interactions regarding the tax consequences of the transaction. Email: support@transervinternational.net. This may include model number, serial number, manufacturer, or other information. There could be additional pending applications. INVESTMENT RECOVERY CORPORATION. We combine this high-touch approach with sophisticatedinvestment management solutions, helping non-profit endowments fulfill their promises long into the future. Weighted Average Hour-Ahead Transaction Prices, Constructive Regulation and Public Policy. Building the future of energy is a big mission, and were honored to take it on. 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. The day-ahead energy auction consists of two simultaneous auctions - one for firm-LD energy and one for recallable energy. Southern Company is committed to transparent disclosure of our sustainability initiatives. Contact Information. Investment recovery professionals seek to identify, reuse, sell or otherwise dispose of surplus assets generated by a company as it pursues its primary business. Southern Company is excited to announce new changes to the Energy Auction. Auctions work well when there are several buyers for an item. Click the following link forContact Information. function recordReferralOnClick(profileidcsv, listingidcsv, referraltype) { These items are typically sold as they retire from service to make way for new fleet cars, trucks, and equipment. As such, the seller would have the right to recall due to the loss or de-ration of that generating unit. Annual investment maximum of $300,000. 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). There are many ways to divest an asset. The webMarket software can be accessed directly athttps://www.socowmkt.oati.com/socowmkt/sys-login.wml. Registration Step 1 Contact Information Please select the registrant type that best fits you. July 28, 2022. Offer blocks will be rejected where the offer price is higher than all bid prices. 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. Welcome to Boeing Investment Recovery Please select a sales or auction type from the navigation bar at top. Our values set us apart, and they make us who we are. 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. Southern Company continues to prioritize the delivery of clean, safe, Southern Company. In a negotiated sale, the investment recovery professional negotiates with a group of buyers to find out which one of them will pay the most. Our values set us apart, and they make us who we are. There are many ways to sell an asset that range from a fixed price sale, private sale, negotiated sale, auction, sealed bid, consignment, or outsourced sale. Both involve 50-megawatt blocks of energy for delivery "into Southern" during the 16-hour period from 6 a.m. to 10 p.m. 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). This amount would be based on the type of metal it is composed of and the current market value for that metal. Southern Companys electric operating company Georgia Power is currently building the first new nuclear units in the United States in the last three decades. Find comprehensive auctions and compliance information. Values . 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. The following describes the particulars of the Phase II Energy Auction. Southern Company has expanded our product offerings to provide energy that is clean, safe, reliable and affordable across the entire portfolio of energy sources. Use constitutes acceptance of General Website Southern Company has contracted with OATI to develop and host the webMarket software being used for the Southern Company Energy Auction. Search in item description. Across Southern Company, we have never stopped working during the COVID-19 pandemic as we continue to serve our 9 million customers every day. Transactions that are not fully delivered as a result of a TLR initiated after the tag has been implemented will be prorated based upon the actual MW delivered (i.e., neither party will be held responsible for the undelivered MW). These auctions will be run for each business day, Monday through Friday, excluding NERC holidays. We are developing and deploying resilient, sustainable and economical energy solutions you can depend on no matter the storm. 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. These include rent, storage costs, and loss of space that could be used for other more productive activities. At The Southern Company, we promise to treat your data with respect and will not share your information with any third party. Investment Recovery Southern Company $40,000 Jobs, Employment | Indeed.com Date Posted Remote $40,000+ Job Type Location Company Posted By Experience Level Education Upload your resume - Let employers find you Investment Recovery Southern Company $40,000 jobs Sort by: relevance - date 26 jobs OB/GYN - Rincon Hospital Tucson Medical Center 3.6 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. In these cases, the asset will need to be disposed. IRC Surplus is a surplus company that buys and sells everything! Employees routinely work under conditions that require exceptional safety measures and awareness. 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. The Southern Auction Administrator cannot access third-party data, except upon express permission of the Independent Auction Monitor (IAM). Southern Company continues to prioritize the delivery of clean, safe, 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. In the event that an idle asset can not be redeployed, it should be quickly sold, scrapped, recycled, donated, or disposed. 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. Southern Companys electric operating company Georgia Power is currently building the first new nuclear units in the United States in the last three decades. Good afternoon. Constant Processing; QCS; Qualia Collection Services, OPTNSVC Mexico, S. De R.L. 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. While you need an experienced professional investment advisor who can effectively manage your endowments resources, you also want to know that those assets are being managed in alignment with your organizations values. View all. Equipment Location: Forest Park - Investment Recovery Warehouse - Forest Park, GA . We believe in the importance of protecting critical infrastructure and Americas way of life. As always, we value your input and appreciate your participation in the Southern Company Energy Auction. Were recognized as a leader in our space for the strides we make in advancing sustainable energy. 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). 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. Safety is a core value throughout the Southern Company system. 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. Key features of the Plan include: $250 minimum initial investment with a one-time enrollment fee of $15 for new investors. This list only includes the pending applications where the business is allowed to conduct business while they are waiting to be approved or denied. 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. Employees routinely work under conditions that require exceptional safety measures and awareness. As we work to understand the best ways forward, we will continue bold and honest discussions within our company. Terms and Conditions On October 17, 2008, Southern Company filed amendments to its Market-Based Rate Tariff with the Federal Energy Regulatory Commission (FERC) to incorporate a must-offer, bid-based energy auction. 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. Here is where you can easily find surplus capital equipment for chemical process equipment and related operations, as well as . It provides a tax savings for the donated equipment. Use constitutes acceptance of General Website Terms and Conditions. TranServ International, Inc. currently serves as the IAA for the energy auction. Follow as we move Boldly Forward in building equity and inclusion in our company and communities and how we are investing in our nations tomorrow, today. 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. General Background Information Business Practices Announcement You must click the activation link in order to complete your subscription. This change will take effect for all Hour-Ahead Auctions beginning on February 23, 2017, for power flow HE 13 (Central). Southern Company is honored to be a preferred energy partner for the U.S. Department of Defense (DOD) and federal agencies across the country. Through our PGA TOUR partnership, over $40 million has been donated in our communities to fund education, wellness programs & neighborhood revitalization. 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. For some organizations, identifying an idle asset may be quite difficult. The credit limit that each auction participant company has with Southern Company will be modeled within webMarket. Auctions can be conducted off line in an oral outcry format, or can be conducted on line in an automated format. The asset is listed for a specific price and if the buyer likes the price, the buyer will purchase it. There can be significant costs associated with the asset disposal process. As we work to understand the best ways forward, we will continue bold and honest discussions within our company. "JJ Kane Auctioneers" is a registered trademark of JJ Kane Associates, Inc. Ability to invest additional amounts - $25 minimum. First, if a piece of equipment works, it could be put to better use somewhere else. It also requires that companies have effective ordering and invoicing systems, accounting tools, and tax tracking abilities. Sign in to get started bidding on one of our online/timed auctions using Proxibid. Below is a list of the Debt Collector Applicants that are allowed to continue to conduct business while their application is being reviewed. Investment Recovery Association Physical Location 10100 N Ambassador Dr, St 310 Kansas City, MO 64153. After submitting your request, you will receive an activation email to the requested email address. To Inquire About Purchasing Surplus Materials: Contact the Investment Recovery Center to ask about buying surplus materials. February 16, 2023. Independent Administration of the Energy Auction. 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. 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. var secureWebRoot = "https://web.invrecovery.org"; For detailed information regarding the rules and regulatory framework of the Southern Company Energy Auction, please seeAuction Rules and Compliance. 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. This is not as simple as it might first appear. 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. Don't have an account? Correctly using these divestment processes maximizes the value of the asset for the organization. If a counterparty does not choose to buy through the curtailment, the tag shall be curtailed. Through our PGA TOUR partnership, over $40 million has been donated in our communities to fund education, wellness programs & neighborhood revitalization. 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. This usually involves getting multiple offers, comparing them, and selecting the best one. The main processes of idle asset identification, redeployment, and divestment are the what investment recovery professionals spend much of their time doing. reliable and affordable energy to our customers. Across Southern Company, we have never stopped working during the COVID-19 pandemic as we continue to serve our 9 million customers every day. 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. }, Investment Recovery Association Mailing AddressPO Box 419264Kansas City, MO 64141-9264, Investment Recovery Association Physical Location10100 N Ambassador Dr,St 310Kansas City, MO 64153. The Independent Auction Administrator will serve as the first point of contact for Energy Auction questions and needs. Donation is an option that is not used as frequently by investment recovery professionals. 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 reports second-quarter 2022 earnings. 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. Office Furniture Lot (2544964) Mesa Az. Southern Company is committed to transparent disclosure of our sustainability initiatives. This is how Columbia Trust Company thinks about trust servicesan opportunity to honor your unique legacy, whatever that might be. Finally, reusing an asset at the new location should also produce a benefit that exceeds the cost of purchasing a new item. Southern Company is honored to be a preferred energy partner for the U.S. Department of Defense (DOD) and federal agencies across the country. Recall that the current criteria for spread posting require at least three unique bidders and at least three unique offerors in a particular auction (with a participant able to be both a bidder and offeror). 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. It will be the responsibility of the buyers and sellers to confirm and finalize the transaction in accordance with their own enabling agreements. It also builds goodwill for the organization when the donations go to a worthy cause that is recognized by the surrounding community. 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 Tool Or File Cabinet (2544968) Mesa Az. If the counterparty terminates the buy-through, the tag shall be curtailed. Explore this report to learn more about how we put it . Product Advanced Search. 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. Seller retains the right to reject without consequence to itself any tag that does not contain the proper EnergyID. 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. Within the Auction System, "Web Services" are available to facilitate automated uploading and downloading of various data. The sections below will elaborate on divestment options like asset sales, scrapping / recycling an asset, donating an asset, and asset disposals. The Commercial Collection Corporation of New York, Inc. The Southern Investment Plan provides a convenient way to purchase shares of Southern Company common stock. Bid/Offer Spread: The criteria applicable to the posting of Energy Auction bid/offer spreads are being revised. Through our PGA TOUR partnership, over $40 million has been donated in our communities to fund education, wellness programs & neighborhood revitalization. Amplifying Program Investment; Reviving a Unique Landscape; Partnership with a Purpose. Southern Company 4.0. The implementation subsequently began on April 23, 2009. There are no minimums or reserves at our public auctions. Were recognized as a leader in our space for the strides we make in advancing sustainable energy. We value your feedback and look forward to hearing from you. Were committed to supporting and improving our communities and environment. Phase II of the energy auction was subsequently implemented on January 4, 2010. 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. It will be the responsibility of the buyers and sellers to confirm and finalize the transaction in accordance with their own enabling agreements. In some cases, the entity controlling these assets may not have an incentive to have them labeled as idle. While Atlanta is our home, we bring energy to homes and businesses across the country. 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.
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