These treatments are not cheap and often involve the use of hazardous materials experts. This can involve using a certified disposal company. As we work to understand the best ways forward, we will continue bold and honest discussions within our company. After completing the registration process, auction participants will be assigned webMarket user logins by the Independent Auction Administrator. There will usually be additional terms and conditions that will apply to this sale due to the sensitive nature of the asset. | Privacy Statement We will work hard to understand you, your family and the life youve built so that your vision for the future can be realized. Southern Company is committed to transparent disclosure of our sustainability initiatives. It can also require a lot of record keeping and interactions regarding the tax consequences of the transaction. 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. var xmlhttp0; xmlhttp0 = new XMLHttpRequest(); Sealy, TX 77474. The optimal method often can be difficult to determine but understanding the options available will usually make the decision easier. Through our PGA TOUR partnership, over $40 million has been donated in our communities to fund education, wellness programs & neighborhood revitalization. The Southern Auction Administrator cannot access third-party data, except upon express permission of the Independent Auction Monitor (IAM). The auction participants may use their existing certificates or may obtain them directly from OATI. It is important that such programs are designed to accomplish the strategic business objectives set forth in the program charter. The charter should define scopes for machinery and equipment, vehicles, office furniture and MRO. The cost-based cap for all offers submitted by Southern in the Energy Auction does not include a demand charge. Employees routinely work under conditions that require exceptional safety measures and awareness. Our values set us apart, and they make us who we are. Were recognized as a leader in our space for the strides we make in advancing sustainable energy. 15, LLC, CarMax; CarMax Auctions; CarMax The Auto Superstore. 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. U.S. Committee for Refugees and Immigrants, Inc. United Joint Venture, A Limited Partnership. 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. Participants may submit offers to sell or bids to purchase into either or both of these day-ahead auctions. In the U.S. : +1 (816) 561.5323 Depending on their status as either approved or pending there are two ways to look them up. Southern Company has expanded our product offerings to provide energy that is clean, safe, reliable and affordable across the entire portfolio of energy sources. Columbia Trust Company has been serving. Auctions can be conducted off line in an oral outcry format, or can be conducted on line in an automated format. 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. In that event, the loss of the upstream supply will give the seller the right to recall. The price posting system will be operational beginning with the change in the Hour-Ahead Bid Period on February 23, 2017. Offer 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 offer price. 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). There are many ways to divest an asset. Fourth, idle equipment represents capital that is tied up and is not earning a return on investment. 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. 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. Here is where you can easily find surplus capital equipment for chemical process equipment and related operations, as well as . Southern Company system employees are inextricably woven into the communities we are privileged to serve. 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. Southern Company continues to prioritize the delivery of clean, safe, reliable and affordable energy to our customers. An executed Participation Agreement is also required. 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. It also includes assessing the condition of the asset and determining if it can still be used productively. We are developing and deploying resilient, sustainable and economical energy solutions you can depend on no matter the storm. Steel Adjustable stands (2544957) Mesa Az. By providing your email address below, you are providing consent to The Southern Company to send you the requested Investor Email Alert updates. Magana, Gross, Wilkerson and Associates L.L.C. In the event of a supply disruption that affects the available capacity offered into the DAE auction, the fleet coordinator (Real Time Operations) shall determine if recallable energy transactions must be curtailed for reliability. reliable and affordable energy to our customers. Southern Company Surplus Equipment Auctions - JJ Kane Auctions Southern Company Surplus Equipment Auctions Used cars, trucks, utility and construction equipment from Southern Company's fleet are available for purchase by the general public in JJ Kane auctions throughout the year. 4329 SE I-10 Frontage Rd. Annual investment maximum of $300,000. Southern Company is excited to announce new changes to the Energy Auction. xmlhttp0.setRequestHeader("Content-type", "application/x-www-form-urlencoded"); 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. After submitting your request, you will receive an activation email to the requested email address. 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 Any additional questions regarding programmatic access should be addressed to the IAA. Employees routinely work under conditions that require exceptional safety measures and awareness. These auctions will be run for each business day, Monday through Friday, excluding NERC holidays. In these cases, the asset will need to be disposed. If the upstream product is nonfarm, loss of supply would be considered a failure to deliver. Tools, Attachments, Parts, and Accessories. 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. 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. Safety is a core value throughout the Southern Company system. The Independent Auction Administrator will serve as the first point of contact for Energy Auction questions and needs. 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 implementation of the Southern Company Energy Auction subsequently took place on April 23, 2009. Southern Company system employees are inextricably woven into the communities we are privileged to serve. 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. Safety is a core value throughout the Southern Company system. The Commercial Collection Corporation of New York, Inc. However, in accordance with the limitations in the energy auction software, each auction participant company is limited to one offer per DAE auction and one offer per HAE auction. Finally, for some property and equipment, the services of a demolition company may be required. It must also be practical for the asset to be transferred and deployed at the new location. 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. Please click, Weighted Average Hour-Ahead Transaction Prices, Constructive Regulation and Public Policy. 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. We believe in the importance of protecting critical infrastructure and Americas way of life. 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. As we work to understand the best ways forward, we will continue bold and honest discussions within our company. 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, 3,700 substations, and 300,000 acres of right of way. 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. We've got everything from antiques and oddities to oil and heavy equipment!!! Equipment Location: Forest Park - Investment Recovery Warehouse - Forest Park, GA . Southern Company reports third-quarter 2022 earnings. Sign up for an account. 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. Southern Company continues to prioritize the delivery of clean, safe, This is because asset sales and scrapped equipment are usually booked as revenue to the organization. By placing successive competitive bids, the price is increases until the auction ends. Across Southern Company, we have never stopped working during the COVID-19 pandemic as we continue to serve our 9 million customers every day. The hour-ahead energy auction will take place each hour of the day, 24 hours a day, seven days a week, including NERC holidays. There will be an hour-ahead energy auction each hour of the day, 24 hours a day, seven days a week, including NERC holidays. Our seasoned team of professionals manages a full spectrum of sophisticated investment solutions, ranging from securities to family businesses. Through our PGA TOUR partnership, over $40 million has been donated in our communities to fund education, wellness programs & neighborhood revitalization. Both involve 50-megawatt blocks of energy for delivery "into Southern" during the 16-hour period from 6 a.m. to 10 p.m. This is an effective time saving device for the investment recovery professional. //xmlhttp0.open("POST", secureWebRoot + "/external/wcpages/v12/gateway/gateway.aspx?OutputType=json&Namespace=Weblink_Core&TypeName=WC_ReferralManager&MethodName=AddListingReferralEntries&FriendlyResponse=False&Async=True", true); For information regarding participating in the bid-based energy auction, please seeAuction Registration Process.
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