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. In this case, a scrap company that specializes in recycling old metals would pay a certain amount per pound for the piece of equipment. . Failure to take delivery includes, but is not limited to, the following reasons: Failure to obtain proper transmission service for the transaction. The credit limit that each auction participant company has with Southern Company will be modeled within webMarket. The energy coordinator or hourly scheduler will notify all counterparties with tags that must be curtailed. An auction can be a cost effective way to sell assets or inventory and can be a great way to discover the price of an item. Seller retains the right to reject without consequence to itself any tag that does not contain the proper EnergyID. 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. "JJ Kane Auctioneers" is a registered trademark of JJ Kane Associates, Inc. First, if a piece of equipment works, it could be put to better use somewhere else. And clients and estate planners alike appreciate the fact that they can pick up the phone and get an answer almost immediately. The counterparty must terminate its buy-through for the remainder of the schedule. The hour-ahead energy auction will take place each hour of the day, 24 hours a day, seven days a week, including NERC holidays. This may include model number, serial number, manufacturer, or other information. It provides a tax savings for the donated equipment. 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. 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. In addition, IRG works closely with other Nestl North American facilities through Nestl Business Services (NBS), providing equipment offerings from all aspects of the Nestl businesses. Alabama Power (0) Georgia Power (0) Mississippi Power (0) Plant Hammond (0) Plant Wansley (0) Southern Company Gas (0) By effectively divesting the asset, the organization can quickly obtain cash that can then be used to invest back into the business. 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. 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. 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. We combine this high-touch approach with sophisticatedinvestment management solutions, helping non-profit endowments fulfill their promises long into the future. The optimal method often can be difficult to determine but understanding the options available will usually make the decision easier. An improperly formatted tag that is rejected for any reason by any Balancing Authority or Transmission Provider on the contract path. 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. This is not required, but a failure to provide this results in a "TBD" scheduling source (i.e., the seller must manually notify buyer of scheduling source). Through our PGA TOUR partnership, over $40 million has been donated in our communities to fund education, wellness programs & neighborhood revitalization. Use constitutes acceptance of General Website Terms and Conditions. Southern Company is committed to transparent disclosure of our sustainability initiatives. 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. There can be significant costs associated with the asset disposal process. While Atlanta is our home, we bring energy to homes and businesses across the country. The proposal was conditionally accepted by FERC on December 18, 2008. Columbia Trust Company has been serving. 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." Southern Company. 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. After submitting your request, you will receive an activation email to the requested email address. Midland, Michigan 48674. This Compliance Filing was accepted by FERC on March 25, 2009. As we work to understand the best ways forward, we will continue bold and honest discussions within our company. It can also involve taking pictures of the asset or following another standard asset cataloging procedures. Investment Recovery Association Physical Location 10100 N Ambassador Dr, St 310 Kansas City, MO 64153. Explore this report to learn more about how we put it . Used cars, trucks, utility and construction equipment from Southern Companys fleet are available for purchase by the general public in JJ Kane auctions throughout the year. 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. In the event that an idle asset can not be redeployed, it should be quickly sold, scrapped, recycled, donated, or disposed. Terms and Conditions 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. / 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. Auction Information | Southern Company Division of Consumer Financial Protection, Division of Corporations and Financial Institutions, Licensee & Financial Service Provider Search, Actions, Order and Administrative Hearing Decisions, Central Locations for Service of Legal Process, Office of Financial Technology Innovation, Licensees and Industries Regulated by the DFPI, Actions, Orders and Administrative Hearing Decisions, "Northern California Collection Service, Inc.", A.R.C. Independent Monitoring of the Energy Auction. After submitting your request, you will receive an activation email to the requested email address. Pricing Design Analyst. Email: shareholderservices@southernco.com. There are no minimums or reserves at our public auctions. 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. By providing your email address below, you are providing consent to The Southern Company to send you the requested Investor Email Alert updates. Nevertheless, an effective donation can provide great benefits to the donating organization. Southern Company continues to prioritize the delivery of clean, safe,
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