Weighted Average Hour-Ahead Transaction Prices, Constructive Regulation and Public Policy. 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. In that event, the loss of the upstream supply will give the seller the right to recall. This is because asset sales and scrapped equipment are usually booked as revenue to the organization. Southern Company has expanded our product offerings to provide energy that is clean, safe, reliable and affordable across the entire portfolio of energy sources. Especially if idle assets are located in another geographic area and are under control of another person, group, or operating entity. 14660 Chestnut St. 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. Find out more about our simultaneous day-ahead energy auctions. 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. You must click the activation link in order to complete your subscription. 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. Registration Step 1 Contact Information Please select the registrant type that best fits you. Bid blocks will be rejected where the bid price is lower than seller offer prices. Participants with matching bid blocks and offer blocks will be notified by webMarket after clearing. The Southern Investment Plan provides a convenient way to purchase shares of Southern Company common stock. 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. Participants wishing to participate as sellers must set up Counterparty Authorizations. 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 addition to these changes, the following additional steps are being taken: Southern Company looks forward to implementing these changes and additions. Welcome to the surplus sales site of The Dow Chemical Company! 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. 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. U.S. Committee for Refugees and Immigrants, Inc. United Joint Venture, A Limited Partnership. Were committed to supporting and improving our communities and environment. Likewise, Seller Participants must set up credit limits for all companies - these credit limits must be kept reasonably up to date because the webMarket system decrements credit for matched transactions - the default credit limit is zero. Note that a buyer may continue to attempt to submit properly formatted tags up to the tagging deadline. Third, there are very real storage costs for holding and storing equipment and materials. Southern Company: A Decent Buy At $60/Share - SeekingAlpha Per the Debt Collector Licensing Act some applicants are allowed to do business while they are waiting to be denied or approved. These items are typically sold as they retire from service to make way for new fleet cars, trucks, and equipment. 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. 4329 SE I-10 Frontage Rd. When total fees exceed the threshold or time limit, the IAA will provide Participant with an invoice that states the amount owed by Participant, which will be due and payable in accordance with invoice instructions on or before the tenth (10th) day after receipt of the invoice or if such day is not a business day then on the next business day. The same is true for recallable energy transactions (i.e., one of the two products sold in the DAE auction) that have not been recalled. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. Were recognized as a leader in our space for the strides we make in advancing sustainable energy. What is Investment Recovery? | A Helpful Guide (Backed by Data) | Epiq User fees and transaction fees per Annex C of the Participant Agreement will be invoiced by and payable to the IAA on a monthly basis so long as the balance owed is at least $100.00 or such amount has been owed for longer than 6 months. 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. 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. Terms and Conditions. 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. The proposal was conditionally accepted by FERC on December 18, 2008. 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. Columbia Trust Company has been serving. Information about Phase I of the Energy Auction. Good afternoon. We will work hard to understand you, your family and the life youve built so that your vision for the future can be realized. 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. Southern Company. Southern Company reports fourth-quarter and full-year 2022 financial results. 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. Seller has the right, but not the obligation, to curtail recallable energy transactions for a qualifying supply disruption. This is not as simple as it might first appear. xmlhttp0.setRequestHeader("Content-type", "application/x-www-form-urlencoded"); Chairman, President and CEO of Georgia Power, Chris Womack discusses Equity in Our Communities with East Atlanta changemakers Shannon Longino, Dr. Nikkita Warfield and Chad Parker at TOUR Championships homeEast Lake Golf Club. The proposal was conditionally accepted by FERC on December 18, 2008. Many consignment companies charge 10 to 15% of the sale price to conduct these specialized asset sales. Fixed price sale is often the easiest sale to make for an investment recovery professional. These include rent, storage costs, and loss of space that could be used for other more productive activities. United States. 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 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. And clients and estate planners alike appreciate the fact that they can pick up the phone and get an answer almost immediately. Contact Us 478-218-2189 info@southerninvestmentsllc.com Navigate About Land For Sale Equipment For Sale Contact 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. 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. Use constitutes acceptance of General Website At The Southern Company, we promise to treat your data with respect and will not share your information with any third party. Dont miss out and sign up for email updates. The bid period will open at 60 minutes prior to the delivery hour and will close at 45 minutes prior to the delivery hour. 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. The implementation of the energy auction will begin on April 23, 2009. However, this can also result in additional costs on the sale. Please take a moment to complete the questions below. 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. This is how Columbia Trust Company thinks about trust servicesan opportunity to honor your unique legacy, whatever that might be. Auction Categories. A counterparty that has chosen to buy-through a non-reliability curtailment shall have the right to terminate its buy-through by notifying the seller with one-hour's notice. . Southern Companys electric operating company Georgia Power is currently building the first new nuclear units in the United States in the last three decades. 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. The outcome of each auction includes an auction clearing price, expressed in $/MWH, and a list of indicative "transactions" (i.e., sellers and buyers matched at the auction clearing price). For all other shareholder inquiries, please contact Southern Company Shareholder Services. For some organizations, identifying an idle asset may be quite difficult. Utility . Dow Chemical Investment Recovery 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. Southern Company system employees are inextricably woven into the communities we are privileged to serve. 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. This is a very real loss, but is often a loss that managers fail to account for. Across Southern Company, we have never stopped working during the COVID-19 pandemic as we continue to serve our 9 million customers every day. This is an effective time saving device for the investment recovery professional. Both involve 50-megawatt blocks of energy for delivery "into Southern" during the 16-hour period from 6 a.m. to 10 p.m. There are a large number of other processes that fall under each of these areas. Southern Company. This Compliance Filing was accepted by FERC on March 25, 2009. If the upstream product is nonfarm, loss of supply would be considered a failure to deliver. Alabama Power Company - Invrecovery Investment Recovery Association Physical Location 10100 N Ambassador Dr, St 310 Kansas City, MO 64153. 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. The energy auction will supplement existing bi-lateral markets. For an independent power producer, recallable energy is equivalent to a unit contingent transaction. A bid contains any number of requested bid blocks. Nevertheless, an effective donation can provide great benefits to the donating organization. Auction participants are responsible for obtaining and managing these OATI digital certificates to the auction software. 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. 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 is excited to announce new changes to the Energy Auction and your interaction with it. 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. Investment recovery professionals seek to identify, reuse, sell or otherwise dispose of surplus assets generated by a company as it pursues its primary business. CHECK CASHIERS OF SOUTHERN CALIFORNIA, INC. Christina A. Ciceron, A Professional Corporation. As per the Auction Rules, the buyer is responsible for ensuring that the NERC tag contains the EnergyID number as assigned by the auction software. var filename = 'Results.aspx'; Southern Companys electric operating company Georgia Power is currently building the first new nuclear units in the United States in the last three decades. We are developing and deploying resilient, sustainable and economical energy solutions you can depend on no matter the storm. For general questions regarding the Southern Company Energy Auction, please seeFrequently Asked Questions. 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. Our values set us apart, and they make us who we are. Once the decision has been made to sell an asset, an investment recovery professional next needs to decide how to sell the asset. Auctions work well when there are several buyers for an item. Other assets may be of such a sensitive nature that a company can not afford to have the asset fall into competitors hands. There are many ways to divest an asset. 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. reliable and affordable energy to our customers. After submitting your request, you will receive an activation email to the requested email address. It also builds goodwill for the organization when the donations go to a worthy cause that is recognized by the surrounding community. 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. Annual investment maximum of $300,000. Were recognized as a leader in our space for the strides we make in advancing sustainable energy. An offer contains any number of offer blocks. 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. FREED A Professional Law Corporation, Law Offices OF Siegel & Siegel, A Professional Law Coporation. 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. 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. By placing successive competitive bids, the price is increases until the auction ends. While Atlanta is our home, we bring energy to homes and businesses across the country. IRC Surplus Our mission to provide clean, safe, reliable and affordable energy is about more than our bottom line. The bid period will open at 75 minutes prior to the delivery hour and will close at 60 minutes prior to the delivery hour. 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. As per the Auction Rules, unless otherwise agreed to between the buyer and seller, the buyer is responsible for obtaining necessary transmission for taking delivery of the transaction. Safety is a core value throughout the Southern Company system. Investment Recovery Corporation. Terms and Conditions In this case, the investment recovery professional does not want to make the items available to the public so may arrange to sell the item to a broker or offer the item to a small, select group of buyers. Our mission to provide clean, safe, reliable and affordable energy is about more than our bottom line. Southern Company system employees are inextricably woven into the communities we are privileged to serve. Share your feedback. Please take a moment to complete the questions below. Recallable energy transactions that are not fully delivered because they were recalled will be prorated based upon the actual MW delivered (i.e., neither party will be held responsible for the undelivered MW). 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. Energy can connect people, business and future generations to possibility and opportunity. Failure to take delivery includes, but is not limited to, the following reasons: Failure to obtain proper transmission service for the transaction. Employees routinely work under conditions that require exceptional safety measures and awareness. Finally, if an idle asset is sold, it could provide an immediate cash benefit to the business. Southern Company operations have responsibility for more than 27,000 miles of transmission lines . If a counterparty does not choose to buy through the curtailment, the tag shall be curtailed. If you want to experience the southern way, please contact us below.
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