Patents Assigned to Rockland Electric Company
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Patent number: 11861687Abstract: A system for conducting a computer-based, simultaneous, multiple round, descending clock auction for basic generation services includes a web server for receiving bid data for one or more users for basic generation service products, an application server host application software, which processes the one or more bids according to at least one auction rule, tracks the auction, monitors the auction, and/or determines when to end the auction, and a database server, which stores auction data. A method of conducting a computer-based, simultaneous, multiple round, descending clock auction for basic generation services includes the repeating steps of receiving bids indicating desired tranche units of basic generation service products, calculating next round prices for each product, and sending round results to bidders. The system for and method of conducting a computer-based auction includes receiving and processing a withdrawal request or a switch request from at least one of the qualified bidders.Type: GrantFiled: April 9, 2018Date of Patent: January 2, 2024Assignees: Public Service Electric & Gas Company, Atlantic City Electric Company, Jersey Central Power & Light Company, Rockland Electric CompanyInventors: Chantale Lacasse, Frederick W. Lark, Eugene Meehan, Anthony R. Robinson, David Salant, Colin J. Loxley, Gerald W. Schirra, Robert Taylor
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Patent number: 11514509Abstract: A system for conducting a computer-based, simultaneous, multiple round, descending clock auction for basic generation services includes a web server for receiving bid data for one or more users for basic generation service products, an application server host application software, which processes the one or more bids according to at least one auction rule, tracks the auction, monitors the auction, and/or determines when to end the auction, and a database server, which stores auction data. A method of conducting a computer-based, simultaneous, multiple round, descending clock auction for basic generation services includes the repeating steps of receiving bids indicating desired tranche units of basic generation service products, calculating next round prices for each product, and sending round results to bidders.Type: GrantFiled: October 11, 2017Date of Patent: November 29, 2022Assignees: Public Service Electric & Gas Company, Atlantic City Electric Company, Jersey Central Power & Light Company, Rockland Electric CompanyInventors: Anthony R. Robinson, Frederick W. Lark, Eugene Meehan, Chantale Lacasse, David Salant, Colin J. Loxley, Gerald W. Schirra, Robert Taylor
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Patent number: 11449928Abstract: A system for conducting a computer-based, simultaneous, multiple round, descending clock auction for basic generation services includes a web server for receiving bid data for one or more users for basic generation service products, an application server host application software, which processes the one or more bids according to at least one auction rule, tracks the auction, monitors the auction, and/or determines when to end the auction, and a database server, which stores auction data. A method of conducting a computer-based, simultaneous, multiple round, descending clock auction for basic generation services includes the repeating steps of receiving bids indicating desired tranche units of basic generation service products, calculating next round prices for each product, and sending round results to bidders.Type: GrantFiled: November 3, 2017Date of Patent: September 20, 2022Assignees: Public Service Electric & Gas Company, Atlantic City Electric Company, Jersey Central Power & Light Company, Rockland Electric CompanyInventors: Anthony R. Robinson, Frederick W. Lark, Eugene Meehan, Chantale Lacasse, David Salant, Colin J. Loxley, Gerald W. Schirra, Robert Taylor
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Patent number: 11301926Abstract: A system for conducting a computer-based, simultaneous, multiple round, descending clock auction for basic generation services includes a web server for receiving bid data for one or more users for basic generation service products, an application server host application software, which processes the one or more bids according to at least one auction rule, tracks the auction, monitors the auction, and/or determines when to end the auction, and a database server, which stores auction data. A method of conducting a computer-based, simultaneous, multiple round, descending clock auction for basic generation services includes the repeating steps of receiving bids indicating desired tranche units of basic generation service products, calculating next round prices for each product, and sending round results to bidders. The system for and method of conducting a computer-based auction includes limiting the qualified bidders by a load cap to a maximum number of tranches bid during a round.Type: GrantFiled: February 2, 2018Date of Patent: April 12, 2022Assignees: Public Service Electric & Gas Company, Atlantic City Electric Company, Jersey Central Power & Light Company, Rockland Electric CompanyInventors: Anthony R. Robinson, Frederick W. Lark, Eugene Meehan, Chantale Lacasse, David Salant, Colin J. Loxley, Gerald W. Schirra, Robert Taylor
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Patent number: 9940666Abstract: A system and method of conducting a computer-based, simultaneous, multiple round, descending clock auction for basic generation services (BGS) includes receiving bids by an application server host application for processing bids according to auction rules, for tranche units of BGS products, calculating next round prices, and sending round results to bidders, the subsequent round prices and a notice of the number of tranches bid during the previous round and/or the amount of excess supply offered. Subsequently, an electronic withdrawal request to remove tranches from a product and reduce a maximum number bids the bidder can make in future rounds, and/or bidder exit price, is received, but may be partially or fully refused. When the number of tranches bid are equal to or less than a certain threshold for each of the products, the auction may end and bidders are awarded an ending price for each of the products won.Type: GrantFiled: September 14, 2012Date of Patent: April 10, 2018Assignees: Public Service & Gas Company, Atlantic City Electric Company, Jersey Central Power & Light Company, Rockland Electric CompanyInventors: Frederick W. Lark, Anthony R. Robinson, Eugene Meehan, Chantale LaCasse, David Salant, Colin J. Loxley, Gerald W. Schirra, Robert Taylor
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Patent number: 9886719Abstract: A system and method of conducting a computer-based, simultaneous, multiple round, descending clock auction for basic generation services (BGS) includes receiving bids by an application server host application for processing bids according to auction rules, for tranche units of BGS products, calculating next round prices, and sending round results to bidders, the subsequent round prices and a notice of the number of tranches bid during the previous round and/or the amount of excess supply offered. Subsequently, an electronic withdrawal request to remove tranches from a product and reduce a maximum number bids the bidder can make in future rounds, and/or an electronic switch request to switch a bid to another product, is received. When the number of tranches bid are equal to or less than a certain threshold for each of the products, the auction may end.Type: GrantFiled: June 4, 2012Date of Patent: February 6, 2018Assignees: Public Service & Gas Company, Atlantic City Electric Company, Jersey Central Power & Light Company, Rockland Electric CompanyInventors: Anthony R. Robinson, Frederick W. Lark, Eugene Meehan, Chantale Lacasse, David Salant, Colin J. Loxley, Gerald W. Schirra, Robert Taylor
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Patent number: 9811855Abstract: A system and method of conducting a computer-based, simultaneous, multiple round, descending clock auction for basic generation services (BGS) includes receiving bids by an application server host application for processing bids according to auction rules, for tranche units of BGS products, calculating next round prices, and sending round results to bidders, the subsequent round prices and a notice of the number of tranches bid during the previous round and/or the amount of excess supply offered. When available to a bidder, an extension request may be automatically granted extending the duration of the round and allowing all qualified bidders to submit new bids, and thereafter deducting the number of extensions available to the bidder. When the number of tranches bid are equal to or less than a certain threshold for each of the products, the auction may end and bidders are awarded an ending price for each of the products won.Type: GrantFiled: July 10, 2012Date of Patent: November 7, 2017Assignees: Public Service & Gas Company, Atlantic City Electric Company, Jersey Central Power & Light Company, Rockland Electric CompanyInventors: Anthony R. Robinson, Frederick W. Lark, Eugene Meehan, Chantale LaCasse, David Salant, Colin J. Loxley, Gerald W. Schirra, Robert Taylor
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Patent number: 9792647Abstract: A system and method of conducting a computer-based, simultaneous, multiple round, descending clock auction for basic generation services (BGS) includes receiving bids by an application server host application for processing bids according to auction rules, for tranche units of BGS products, calculating next round prices, and sending round results to bidders, the subsequent round prices and a notice of the number of tranches bid during the previous round and/or the amount of excess supply offered. When a later round price is less than an earlier one an electronic switch request to switch a bid to another product is received. When the number of tranches bid are equal to or less than a certain threshold for each of the products, the auction may end and bidders are awarded an ending price for each of the products won.Type: GrantFiled: July 10, 2012Date of Patent: October 17, 2017Assignees: Public Service & Gas Company, Atlantic City Electric Company, Jersey Central Power & Light Company, Rockland Electric CompanyInventors: Frederick W. Lark, Anthony R. Robinson, Eugene Meehan, Chantale LaCasse, David Salant, Colin J. Loxley, Gerald W. Schirra, Robert Taylor
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Patent number: 8285601Abstract: A system for conducting a computer-based, simultaneous, multiple round, descending clock auction for basic generation services includes a web server for receiving bid data for one or more users for basic generation service products, an application server host application software, which processes the one or more bids according to at least one auction rule, tracks the auction, monitors the auction, and/or determines when to end the auction, and a database server, which stores auction data. A method of conducting a computer-based, simultaneous, multiple round, descending clock auction for basic generation services includes the repeating steps of receiving bids indicating desired tranche units of basic generation service products, calculating next round prices for each product, and sending round results to bidders.Type: GrantFiled: July 28, 2008Date of Patent: October 9, 2012Assignees: Public Service & Gas Company, Atlantic City Electric Company, Jersey Central Power & Light Company, Rockland Electric CompanyInventors: Frederick W. Lark, Anthony R. Robinson, Eugene Meehan, Chantale LaCasse, David Salant, Colin J. Loxley, Gerald W. Schirra, Robert Taylor
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Patent number: 8219459Abstract: A system for conducting a computer-based, simultaneous, multiple round, descending clock auction for basic generation services includes a web server for receiving bid data for one or more users for basic generation service products, an application server host application software, which processes the one or more bids according to at least one auction rule, tracks the auction, monitors the auction, and/or determines when to end the auction, and a database server, which stores auction data. A method of conducting a computer-based, simultaneous, multiple round, descending clock auction for basic generation services includes the repeating steps of receiving bids indicating desired tranche units of basic generation service products, calculating next round prices for each product, and sending round results to bidders.Type: GrantFiled: July 28, 2008Date of Patent: July 10, 2012Assignees: Public Service & Gas Company, Atlantic City Electric Company, Jersey Central Power & Light Company, Rockland Electric CompanyInventors: Frederick W. Lark, Anthony R. Robinson, Eugene Meehan, Chantale Lacasse, David Salant, Colin J. Loxley, Gerald W. Schirra, Robert Taylor
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Patent number: 8219458Abstract: A system for conducting a computer-based, simultaneous, multiple round, descending clock auction for basic generation services includes a web server for receiving bid data for one or more users for basic generation service products, an application server host application software, which processes the one or more bids according to at least one auction rule, tracks the auction, monitors the auction, and/or determines when to end the auction, and a database server, which stores auction data. A method of conducting a computer-based, simultaneous, multiple round, descending clock auction for basic generation services includes the repeating steps of receiving bids indicating desired tranche units of basic generation service products, calculating next round prices for each product, and sending round results to bidders.Type: GrantFiled: July 28, 2008Date of Patent: July 10, 2012Assignees: Public Service & Gas Company, Atlantic City Electric Company, Jersey Central Power & Light Company, Rockland Electric CompanyInventors: Frederick W. Lark, Anthony R. Robinson, Eugene Meehan, Chantale Lacasse, David Salant, Colin J. Loxley, Gerald W. Schirra, Robert Taylor
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Patent number: 8195523Abstract: A system for conducting a computer-based, simultaneous, multiple round, descending clock auction for basic generation services includes a web server for receiving bid data for one or more users for basic generation service products, an application server host application software, which processes the one or more bids according to at least one auction rule, tracks the auction, monitors the auction, and/or determines when to end the auction, and a database server, which stores auction data. A method of conducting a computer-based, simultaneous, multiple round, descending clock auction for basic generation services includes the repeating steps of receiving bids indicating desired tranche units of basic generation service products, calculating next round prices for each product, and sending round results to bidders.Type: GrantFiled: July 28, 2008Date of Patent: June 5, 2012Assignees: Public Service & Gas Company, Atlantic City Electric Company, Jersey Central Power & Light Company, Rockland Electric CompanyInventors: Frederick W. Lark, Anthony R. Robinson, Eugene Meehan, Chantale Lacasse, David Salant, Colin J. Loxley, Gerald W. Schirra, Robert Taylor
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Patent number: 7409360Abstract: A system for conducting a computer-based, simultaneous, multiple round, descending clock auction for basic generation services includes a web server for receiving bid data for one or more users for basic generation service products, an application server host application software, which processes the one or more bids according to at least one auction rule, tracks the auction, monitors the auction, and/or determines when to end the auction, and a database server, which stores auction data. A method of conducting a computer-based, simultaneous, multiple round, descending clock auction for basic generation services includes the repeating steps of receiving bids indicating desired tranche units of basic generation service products, calculating next round prices for each product, and sending round results to bidders.Type: GrantFiled: October 8, 2003Date of Patent: August 5, 2008Assignees: Public Service Electric & Gas Company, Jersey Central Power & Light Company, Atlantic City Electric Company, Rockland Electric CompanyInventors: Frederick W. Lark, Anthony R. Robinson, Eugene Meehan, Chantale LaCasse, David Salant, Colin J. Loxley, Gerald W. Schirra, Robert Taylor