Alabama Power Company - Invrecovery We believe in the importance of protecting critical infrastructure and Americas way of life. Were committed to supporting and improving our communities and environment. The main processes of idle asset identification, redeployment, and divestment are the what investment recovery professionals spend much of their time doing. var xmlhttp0POST = '{"ProfileIDsCSV" : "' + profileidcsv + '","ListingIDsCSV" : "' + listingidcsv + '","ReferralType" : "' + referraltype + '","FileName" : "' + filename + '","AFT" : "' + AFT + '"}'; Finally, for some property and equipment, the services of a demolition company may be required. The day-ahead energy auction consists of two simultaneous auctions - one for firm-LD energy and one for recallable energy. Joint Venture II, A Limited Partnership, Debt Recovery Attorneys, A Professional Corporation. 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. Accolades. Southern's adjusted EPS payout ratio of 78.2% during 2020 is a slight improvement over the adjusted EPS payout ratio of 79.1% during 2019. While Atlanta is our home, we bring energy to homes and businesses across the country. Views of Columbia Trust Company are as of the date published and are subject to change based on market conditions and other factors. These include rent, storage costs, and loss of space that could be used for other more productive activities. Southern Company: A Decent Buy At $60/Share - SeekingAlpha To make a request to sell energy through the day-ahead energy (DAE) Auction or hour-ahead energy (HAE) Auction, auction participants must submit an offer in the appropriate auction. Amplifying Program Investment; Reviving a Unique Landscape; Partnership with a Purpose. 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. Please click herefor more information. Southern Company. Recallable energy transaction shall not be booked out with a firm-LD transaction unless otherwise agreed to by the buyer and seller. Find out more about our simultaneous day-ahead energy auctions. Information about Phase I of the Energy Auction. 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. As a fiduciary, Columbia Trust Company takes care to intimately understand your foundations mission so we can always act in your best interest. 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. It can also involve taking pictures of the asset or following another standard asset cataloging procedures. Tool Box (2544967) Mesa Az. 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, energy auction. Third, there are very real storage costs for holding and storing equipment and materials. Southern Company system employees are inextricably woven into the communities we are privileged to serve. Donations also help the receiving organization since that organization has a great need for the equipment. 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. It is helpful to have the information from these processes located in one place. 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. For information regarding participating in the bid-based energy auction, please seeAuction Registration Process. The charter should define scopes for machinery and equipment, vehicles, office furniture and MRO. The energy auction will be monitored by an Independent Auction Monitor (IAM) that is approved by FERC. For a marketer who does not own the supplying generation asset, the upstream should be a unit contingent or firmer product. Values . find our listings at. Participants may submit offers to sell or bids to purchase into this auction. To determine whether were the right choice for your client, drop us a note. // Browser cannot post to SSL path unless it is the same domain. 14660 Chestnut St. In addition to these changes, the following additional steps are being taken: Southern Company looks forward to implementing these changes and additions. There are many ways to divest an asset. Weighted Average Hour-Ahead Transaction Prices, Constructive Regulation and Public Policy. As we work to understand the best ways forward, we will continue bold and honest discussions within our company. Southern Company is committed to transparent disclosure of our sustainability initiatives. It's that understanding, combined with our expertise, that allows us to provide a full range of trust services and investment solutions, including . Utility . This is not as simple as it might first appear. Other assets may be of such a sensitive nature that a company can not afford to have the asset fall into competitors hands. It also requires that companies have effective ordering and invoicing systems, accounting tools, and tax tracking abilities. Despite a 4.9% YoY decline in total revenues from 2019 to . It will be the responsibility of the buyers and sellers to confirm and finalize the transaction in accordance with their own enabling agreements. Southern Company continues to prioritize the delivery of clean, safe, COMPANY NAME TRADE NAME/ALIAS CITY STATE COUNTRY "Northern California Collection Service, Inc." Sacramento: CA: USA: 1803 Capital, LLC: Metairie: LA: USA: 2nd Chance . Alabama Power Company | | | | Other >> Utility. Southern Company Surplus Equipment Auctions - JJ Kane Auctions 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. We value your feedback and look forward to hearing from you. Southern Company operations have responsibility for more than 27,000 miles of transmission lines . Investment Recovery Association Physical Location 10100 N Ambassador Dr, St 310 Kansas City, MO 64153. Contact Us 478-218-2189 info@southerninvestmentsllc.com Navigate About Land For Sale Equipment For Sale Contact 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 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. 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. The sections below will outline the main areas of investment recovery and will provide a brief introduction to these areas. 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 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. Employees routinely work under conditions that require exceptional safety measures and awareness. July 28, 2022. Southern Company system employees are inextricably woven into the communities we are privileged to serve. Were committed to supporting and improving our communities and environment. 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. Southern Company 4.0. Our mission to provide clean, safe, reliable and affordable energy is about more than our bottom line. The Southern Auction Administrator cannot access third-party data, except upon express permission of the Independent Auction Monitor (IAM). Bid blocks also may be rejected for any of the following reasons: Submission of the bid block results in a potential credit violation; Clearing of the bid block results in a potential credit violation; and a bid block submitted as full clearing cannot be resolved as part of an auction clearing. The energy auction will supplement existing bi-lateral markets. Synchrony Global Services Philippines, Inc. Synchrony International Services Private Limited. Participation in the auction is open to any entity that is qualified to transact with Southern Company pursuant to their Market-Based Rate Tariff. Southern Company has contracted with OATI to develop and host the webMarket software being used for the Southern Company Energy Auction. 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." In that event, the loss of the upstream supply will give the seller the right to recall. Southern Company system employees are inextricably woven into the communities we are privileged to serve. 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. Southern Company. function recordReferralOnClick(profileidcsv, listingidcsv, referraltype) { 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. We recognize the value our investors and stakeholders place on transparency. The Independent Auction Administrator will serve as the first point of contact for Energy Auction questions and needs. Atlanta, GA 30308 (Old Fourth Ward area) John Portman Blvd & Courtland St. 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. 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). With over 50 years of experience we understand the importance of high touch, personalized, flexible service. Most of our sites are not the same domain. Universal Component Lender Services, Inc. Waggoman & Smith, A Professional Law Corporation, McKinley Hills, Fort Bonifacio, Taguig City, Winn Law Group, a Professional Corporation. In the U.S. : +1 (816) 561.5323 The implementation of the Southern Company Energy Auction subsequently took place on April 23, 2009. After submitting your request, you will receive an activation email to the requested email address. 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. Columbia Trust Company | Trust and Investment Management Services Legacy is about how you, and only you, want to be remembered. Phone: 1-714-895-0463 and/or 1-714-895-0643. Fax: 1-714-895-0322. 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. 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. Especially if idle assets are located in another geographic area and are under control of another person, group, or operating entity. Southern Company continues to prioritize the delivery of clean, safe, 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. The Southern Investment Plan provides a convenient way to purchase shares of Southern Company common stock. The Southern Investment Plan provides a convenient way to purchase shares of Southern Company common stock. Optimum Professional Property Management Inc. Building the future of energy is a big mission, and were honored to take it on. 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. Additional Independent Auction Administrator Contacts. Professional Bureau of Collections of Maryland, Inc. SCA Collections - Greenville, N. C., Inc. Oghma Credit Services; Orange Capital Solutions, Sutherland Global Collection Services LLC. Sign up for an account. 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. General Background Information Business Practices Announcement Sealy, TX 77474. | Contact Us, $250 minimum initial investment with a one-time enrollment fee of $15 for new investors, Ability to invest additional amounts - $25 minimum, Investment through direct debit of bank accounts. We believe in the importance of protecting critical infrastructure and Americas way of life. This amount would be based on the type of metal it is composed of and the current market value for that metal. There could be additional pending applications. There can be significant costs associated with the asset disposal process. Weighted Average Hour-Ahead Transaction Prices, Constructive Regulation and Public Policy. 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 can also require a lot of record keeping and interactions regarding the tax consequences of the transaction. 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. 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. October 27, 2022. 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). Were recognized as a leader in our space for the strides we make in advancing sustainable energy. 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. As we work to understand the best ways forward, we will continue bold and honest discussions within our company. 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. FERNS, ADAMS & ASSOCIATES, A PROFESSIONAL CORPORATION, American Bureau of Credit Control; Creditors Specialty Services; FIDELITY CREDITOR SERVICE; Fidelity Creditor Service, Inc.; Fidelity Information Corporation; Gess and Associates; Metropolitan Adjustment Bureau, Goldsmith & Hull, A Professional Corporation, GreenSky Loan Services; GreenSky Patient Solutions; Home Depot Loan Services; The Home Depot Loan Services, Med-Plan Services, LTD; The Bridge System; The Hauge Group, Healthcare Collections LTD, Limited Liability Company, INCLINE CONSULTANTS ASSOCIATION MANAGEMENT, LLC, BAKERSFIELD CREDIT CONTROL SERVICE; BCCS; BUSINESS CREDIT CONTROL SERVICE; MDAB; MEDICO-DENTAL ADJUSTMENT BUREAU, LAW OFFICES OF KENNETH J. Participants with matching bid blocks and offer blocks will be notified by webMarket after clearing. The bid period will open at 60 minutes prior to the delivery hour and will close at 45 minutes prior to the delivery hour. Equipment is added daily! 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. 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. Phase II of the energy auction was subsequently implemented on January 4, 2010. Across Southern Company, we have never stopped working during the COVID-19 pandemic as we continue to serve our 9 million customers every day. Southern Investments 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. The information will continue to be available at. For an independent power producer, recallable energy is equivalent to a unit contingent transaction. Organizations of all types and sizes practice some form of investment recovery. Once the decision has been made to sell an asset, an investment recovery professional next needs to decide how to sell the asset. 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. Second, unused equipment depreciates in value and results in an actual expense on the books. Southern Company system employees are inextricably woven into the communities we are privileged to serve. We combine this high-touch approach with sophisticatedinvestment management solutions, helping non-profit endowments fulfill their promises long into the future. 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. 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. The Domestic And Foreign Missionary Society Of The Protestant Episcopal Church In The United States Of America, The Law Offices of Mitchell D. Bluhm & Associates, LLC, Todd A. Brisco & Associates, A Professional Corporation. 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. Investment Recovery 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. Driven to realize this potential, Southern Company continues to build the future of energy for the advancement of our customers and communities. With over 50 years of experience we understand the importance of high touch, personalized, flexible service. If you experience any issues with this process, please contact us for further assistance. The proposal was conditionally accepted by FERC on December 18, 2008. Auctions can be conducted off line in an oral outcry format, or can be conducted on line in an automated format. This Compliance Filing was accepted by FERC on March 25, 2009. Through our PGA TOUR partnership, over $40 million has been donated in our communities to fund education, wellness programs & neighborhood revitalization. worldwide search portal WWX.com. Provide input on large scale company programs and initiatives such as growing profitability and economic development, along with fostering innovation. U.S. Committee for Refugees and Immigrants, Inc. United Joint Venture, A Limited Partnership. 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. The IAM will continue to provide annual reports to FERC regarding the Energy Auction. The sections below will elaborate on divestment options like asset sales, scrapping / recycling an asset, donating an asset, and asset disposals. We believe in the importance of protecting critical infrastructure and Americas way of life. TranServ International, Inc. currently serves as the IAA for the energy auction. Below is a list of the Debt Collector Applicants that are allowed to continue to conduct business while their application is being reviewed. reliable and affordable energy to our customers. Tata Consultancy Services (Philippines) Inc. Texas Guaranteed Student Loan Corporation. Our Companies | Southern Company It provides a tax savings for the donated equipment. These auctions will be run for each business day, Monday through Friday, excluding NERC holidays. Fourth, idle equipment represents capital that is tied up and is not earning a return on investment. 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. These Web Services are approved by the Auction Provider for programmatic access to the Auction System, and user manuals related to Web Services will be available in the auction system. Finally, reusing an asset at the new location should also produce a benefit that exceeds the cost of purchasing a new item. Use constitutes acceptance of General Website 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. Across Southern Company, we are looking to improve relations between all members of the communities where we live and work. Our mission to provide clean, safe, reliable and affordable energy is about more than our bottom line. This can work quite well for selling an item and like an auction, ensures a fair and transparent process. 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. Southern Company This may include model number, serial number, manufacturer, or other information. 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). Historical Bid/Offer Posting: Currently, historical bids and offers by Auction participants are posted on a six-month delay. As applicants are approved consumers can look up and verify our licensed servicers telephone number, email address, and website information through theNationwide Multistate Licensing System (NMLS)Consumer Access (www.nmlsconsumeraccess.org). We value your feedback and look forward to hearing from you. It will be the responsibility of the buyers and sellers to confirm and finalize the transaction in accordance with their own enabling agreements. 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 some organizations, identifying an idle asset may be quite difficult. Southern Company reports fourth-quarter and full-year 2022 financial results. Investment Recovery. The cost-based cap for all offers submitted by Southern in the Energy Auction does not include a demand charge. To Inquire About Purchasing Surplus Materials: Contact the Investment Recovery Center to ask about buying surplus materials. 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. Southern Company reports third-quarter 2022 earnings. Sourcing & Procurement Guides Tool Or File Cabinet (2544968) Mesa Az. Auctions are also appropriate when the value of an item is not known to the seller. 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. The hour-ahead energy auction will take place each hour of the day, 24 hours a day, seven days a week, including NERC holidays. The Brattle Group currently serves as the IAM for the energy auction. Auction Participants can download the necessary registration documents from theAuction Registration Processsection of the Energy Auction website. 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 credit limit that each auction participant company has with Southern Company will be modeled within webMarket. INVESTMENT RECOVERY CORPORATION. Find documents and instructions to register for our auctions. This list only includes the pending applications where the business is allowed to conduct business while they are waiting to be approved or denied. However, there is no means of price discovery so participants can not raise their bids in response to the bids of others. The professionally managed investments of Columbia Trust Company are: Northwest families and non-profits since 1966. Were recognized as a leader in our space for the strides we make in advancing sustainable energy. Terms and Conditions If a counterparty does not choose to buy through the curtailment, the tag shall be curtailed. 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. As changed, this information will now be posted on a four-month delay beginning with the next monthly posting. If the counterparty terminates the buy-through, the tag shall be curtailed.