This field is for validation purposes and should be left unchanged. Southern Wholesale Energy markets the retail operating companies' surplus generating capacity to the wholesale market. 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. Our mission to provide clean, safe, reliable and affordable energy is about more than our bottom line. This limit within the software will be synchronized to the company's official credit limit, as maintained by Southern Company, on a regular basis (numerous times daily). Under the new criteria, a spread value will post when an auction has at least one unique buyer and one unique seller. The cost-based cap for all offers submitted by Southern in the Energy Auction does not include a demand charge. Estimated $80.1K - $101K a year. This is a very real loss, but is often a loss that managers fail to account for. We're recognized as a leader in our space for the strides we make in advancing sustainable energy. All prospective participants must execute a Participation Agreement before participating in the energy auction. 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. Our values set us apart, and they make us who we are. July 28, 2022. Amplifying Program Investment; Reviving a Unique Landscape; Partnership with a Purpose. Employees routinely work under conditions that require exceptional safety measures and awareness. var xmlhttp0; xmlhttp0 = new XMLHttpRequest(); Auction Process | Southern Company At The Southern Company, we promise to treat your data with respect and will not share your information with any third party. Other assets may be of such a sensitive nature that a company can not afford to have the asset fall into competitors hands. 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. Within the Auction System, "Web Services" are available to facilitate automated uploading and downloading of various data. You can sign up for additional alert options at any time. It is hoped that they will enhance market activity in the Southeast and the utilization of the Energy Auction and its electronic platform. 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. Nevertheless, an effective donation can provide great benefits to the donating organization. The cost and number of webMarket administrator and user login IDs allowed for each auction participant is determined by the Participation Agreement. While Atlanta is our home, we bring energy to homes and businesses across the country. Across Southern Company, we are looking to improve relations between all members of the communities where we live and work. Northwest families and non-profits since 1966. Magana, Gross, Wilkerson and Associates L.L.C. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. Utility . This Compliance Filing was accepted by FERC on March 25, 2009. Were committed to supporting and improving our communities and environment. 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. 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. Southern Company is excited to announce new changes to the Energy Auction and your interaction with it. Were committed to supporting and improving our communities and environment. Investment Recovery | Consumers Energy 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. Ethiopian community development council, inc. There are a large number of other processes that fall under each of these areas. In addition to these changes, the following additional steps are being taken: Southern Company looks forward to implementing these changes and additions. 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. 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. COMPANY NAME TRADE NAME/ALIAS CITY STATE COUNTRY "Northern California Collection Service, Inc." Sacramento: CA: USA: 1803 Capital, LLC: Metairie: LA: USA: 2nd Chance . For all other shareholder inquiries, please contact Southern Company Shareholder Services. 14660 Chestnut St. Southern Company has expanded our product offerings to provide energy that is clean, safe, reliable and affordable across the entire portfolio of energy sources. Click the following link forContact Information. 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. To make a request to purchase energy offered through the day-ahead energy (DAE) Auction or hour-ahead energy (HAE) Auction, auction participants must submit a bid in the appropriate auction. The auction participants may use their existing certificates or may obtain them directly from OATI. Phone: +1 989 638 8173. Across Southern Company, we are looking to improve relations between all members of the communities where we live and work. With over 50 years of experience we understand the importance of high touch, personalized, flexible service. Product Advanced Search The information will continue to be available at. 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. We value your feedback and look forward to hearing from you. If you experience any issues with this process, please contact us for further assistance. 24x7 Support: (763)-205-7099. 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. 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. Bid blocks will be rejected where the bid price is lower than seller offer prices. Buying & Selling | Partners & Vendors | Home - SCE Our 2021 Corporate Responsibility Executive Summary highlights the meaningful actions we are taking in the environmental, social and governance space as we advance toward a brighter tomorrow. Southern Company continues to prioritize the delivery of clean, safe, These include idle asset identification, asset redeployment, and divestment. We are developing and deploying resilient, sustainable and economical energy solutions you can depend on no matter the storm. The Independent Auction Administrator will serve as the first point of contact for Energy Auction questions and needs. An improperly formatted tag that is rejected for any reason by any Balancing Authority or Transmission Provider on the contract path. Third, there are very real storage costs for holding and storing equipment and materials. This is because larger companies have many more idle assets and consequently, more opportunities to generate savings through efficient processes. 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. These items are typically sold as they retire from service to make way for new fleet cars, trucks, and equipment. 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. 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). We believe in the importance of protecting critical infrastructure and Americas way of life. The Southern Investment Plan provides a convenient way to purchase shares of Southern Company common stock. Here is where you can easily find surplus capital equipment for chemical process equipment and related operations, as well as . Seller retains the right to reject without consequence to itself any tag that does not contain the proper EnergyID. Southern Company. If you are interested in purchasing surplus equipment or materials, or would simply like additional information, please contact us at the number below. We are developing and deploying resilient, sustainable and economical energy solutions you can depend on no matter the storm. Dow Chemical Investment Recovery Terms and Conditions Participants wishing to participate as sellers must set up Counterparty Authorizations. Please take a moment to complete the questions below. This "Phase II" compliance filing was accepted by FERC on December 17, 2009. Credit limits within webMarket also will be updated after the close of each DAE Auction and HAE Auction. In the U.S. : +1 (816) 561.5323 For detailed information regarding the rules and regulatory framework of the Southern Company Energy Auction, please seeAuction Rules and Compliance. The proposal includes simultaneous day-ahead energy auctions for firm-LD energy and recallable energy, along with an hour-ahead energy auction for non-firm energy. Southern Company has expanded our product offerings to provide energy that is clean, safe, reliable and affordable across the entire portfolio of energy sources. Both involve 50-megawatt blocks of energy for delivery "into Southern" during the 16-hour period from 6 a.m. to 10 p.m. xmlhttp0.setRequestHeader("Content-type", "application/x-www-form-urlencoded"); It provides a tax savings for the donated equipment. A NERC tag that is rejected by Southern Company because it did not contain the assigned EnergyID (see Business Practice #9 below); and. Both involve 50-megawatt blocks of energy for delivery "into Southern" during the 16-hour period from 6 a.m. to 10 p.m. 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 Use constitutes acceptance of General Website Terms and Conditions. FREED A Professional Law Corporation, Law Offices OF Siegel & Siegel, A Professional Law Coporation. . Our values set us apart, and they make us who we are. 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. This can be a time consuming and lengthy process. This is how Columbia Trust Company thinks about trust servicesan opportunity to honor your unique legacy, whatever that might be. 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. Some companies also use outsourcers to sell assets or equipment. Use constitutes acceptance of General Website Terms and Conditions. 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. It is important that such programs are designed to accomplish the strategic business objectives set forth in the program charter. The buyer is also responsible for submitting NERC tags for all HAE auction transactions and for DAE auction firm-LD transactions. 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. 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. We believe in the importance of protecting critical infrastructure and Americas way of life. Every day at Southern Company, we put into motion our vision for the future of 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. Investment Recovery: An Emerging Management Strategy - JSTOR Investment Recovery Southern Company jobs - Indeed ATLANTA, Feb. 17, 2022 /PRNewswire/ -- Southern Company today reported a fourth-quarter 2021 loss of $215 million, or 20 cents per share, compared with earnings of $387 million, or 37 cents per. This is different from consignment because the outsourcer does not necessarily take ownership of the equipment. As such, the seller would have the right to recall due to the loss or de-ration of that generating unit. Depending on their status as either approved or pending there are two ways to look them up. 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 We value your feedback and look forward to hearing from you. When identifying an asset, it is important to obtain as many details about the asset as possible. Through our PGA TOUR partnership, over $40 million has been donated in our communities to fund education, wellness programs & neighborhood revitalization. Finally, if an idle asset is sold, it could provide an immediate cash benefit to the business. Investment Recovery Corporation. As we work to understand the best ways forward, we will continue bold and honest discussions within our company. 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 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. Southern Company currently is providing auction participants free of charge one (1) administrator login ID and up to three (3) user login IDs. 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. We believe in the importance of protecting critical infrastructure and Americas way of life. The bid period will open at 75 minutes prior to the delivery hour and will close at 60 minutes prior to the delivery hour. 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. 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. 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). 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. Phase II of the energy auction was subsequently implemented on January 4, 2010. Dont miss out and sign up for email updates. // Browser cannot post to SSL path unless it is the same domain. As we work to understand the best ways forward, we will continue bold and honest discussions within our company. 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. The bid period will open at 60 minutes prior to the delivery hour and will close at 45 minutes prior to the delivery hour. While Atlanta is our home, we bring energy to homes and businesses across the country. If the counterparty terminates the buy-through, the tag shall be curtailed. After submitting your request, you will receive an activation email to the requested email address. Many consignment companies charge 10 to 15% of the sale price to conduct these specialized asset sales. All of these words. In that event, the loss of the upstream supply will give the seller the right to recall.