Data processing: financial – business practice – management – or co – Automated electrical financial or business practice or... – Finance
Reexamination Certificate
2005-01-12
2009-08-18
Diaz, Susanna M (Department: 3692)
Data processing: financial, business practice, management, or co
Automated electrical financial or business practice or...
Finance
C705S026640
Reexamination Certificate
active
07577606
ABSTRACT:
Methods and systems for managing the sale of a tier-priced commodity are described. Risk is managed by bundling with the commodity at the lower tier a financial instrument designed to indemnify against the risks associated with purchasing the commodity at the lower tier. The financial instrument may be an insurance instrument, for example. In one embodiment, prices of a commodity at two and a price or value of a financial instrument are determined. The purchase price of the bundled product is a function of the price of the commodity at the lower tier and the price or value of the financial instrument, which may depend, in part, on the purchaser. Different prices may be offered to different purchasers for respective bundled products. Other embodiments relate to selling bundled products over a network, such as the Internet, auctioning bundled products, and searching for the best price of a bundled product.
REFERENCES:
patent: 4752877 (1988-06-01), Roberts et al.
patent: 5758328 (1998-05-01), Giovannoli
patent: 5835896 (1998-11-01), Fisher et al.
patent: 5970479 (1999-10-01), Shepherd
patent: 5974403 (1999-10-01), Takriti et al.
patent: 6026383 (2000-02-01), Ausubel
patent: 6047274 (2000-04-01), Johnson et al.
patent: 6105000 (2000-08-01), Hickman et al.
patent: 6169979 (2001-01-01), Johnson
patent: 6216956 (2001-04-01), Ehlers et al.
patent: 6266651 (2001-07-01), Woolston
patent: WO98/26363 (1998-06-01), None
Oren et al. “Interruption Insurance for Generation and Distribution of Electric Power.” Journal of Regulatory Economics, vol. 2, No. 1, pp. 5-19, 1990.
Bushnell et al. “Bidder Cost Revelation in Electric Power Auctions.” Journal of Regulatory Economics, vol. 6, No. 1, pp. 5-26, 1994.
Chao et al. “Priority Service: Pricing, Investment, and Market Organization.” American Economic Review, vol. 77, No. 5, pp. 899-916, 1987.
Deng et al. “Priority Network Access Pricing for Electric Power.” Journal of Regulatory Economics, vol. 19, No. 3, pp. 239-270, 2001.
Strauss et al. “Priority Pricing of Interruptible Electric Service With an Early Notification Option.” Energy Journal, vol. 14, No. 2, pp. 175(22), 1993.
Doucet. “Coordination of Non-Utility Generation Through Priority Purchase Contracts.” Energy Journal, vol. 15, No. 1, pp. 179(13), 1994.
Doucet et al. “Onsite Backup Generation and Interruption Insurance for Electricity Distribution.” Energy Journal, vol. 12, No. 4, p. 79(15), 1991.
“Bargaining With Mother Nature—GuaranteedWeather. A New Direction In Weather-Risk Risk Management”, UtiliCorp United Inc., Feb. 1998.
“Managing Energy KC Region Surfaces as America's Epicenter”,Ingrams's, pp. 44-52, Mar. 1999.
“Energy Insurance Brokers”, 1997, http://electricnet.com/cofolder/engyins.htm.
Preferred Energy Services, Inc., “Experts in Utility Cost Control”, 1997, http://www.prefenergy.com.
Preferred Energy Services, Inc. , “Energy Procurement”, (undated) printed Feb. 19, 1999, http://www.prefenergy.com.
“Power Surge How One Company is Transforming the Energy Industry”, Fortune, Advertising Insert S1-S4, Mar. 29, 1999.
Tom Patterson; “Power Play: Mandate Leads to Internet Market For Electricity”; Electronic Commerce Advisor, pp. 17-24, Nov./Dec. 1998.
Downes, John & Jordan Elliot Goodman; “Dirtionary of Finance and Investment Terms (4th Ed.)”; Barron's-Educational Series, Inc., pp. 68-71, 236-237, 390-391, and 450-453. Published in 1995.
“Cigna Property & Casualty Lanches New Cigna Power Products Unit”; PR Newswire, p. 0727PHMO42, Jul. 27, 1998.
“New Line of Cigna Insurance Products Designed to Help Market Manage Risk”; Power Markets Week, vol. 69, No. 32, p. 4. Aug. 10, 1998.
“Cigna Announces Products to Insure Against Price Swings in Power Markets”; Global Power Report, vol. 76, No. 147, Aug. 7, 1998.
Gift Mullins, Ronald; “Cigna Unit Turns On the Power in Newest Risk Management Offering”; Journal of Commerce, INS section, p. 5A, Aug. 10, 1998.
Liu, Yuin-Hong; “A Study On the Application of Power Pool System in Taiwan- the England and Wales Experiences”; Power Generation Engineering Monthly, Issue 602 p. 9-25; 1998.
McLean, Bethany; “Need Electricity? Call Your Broker”; Fortune; United States.
Gill, Douglas; “Marketer-movers”; Oil & Gas Inventor, vol. 13 n2;pp. 44-49, Feb. 1993; United States.
Richter, Jr., Charles W. and Sheble, Gerald B.; “Bidding Strategies that Minimize Risk with Options and Future Contracts”; Proceeding of the 1998 American Power Conference; Apr. 1998.
Wolak, Frank A.; “An Empirical Analysis of the Impact of Hedge Contracts on Bidding Behavior in a Competitive Electricity Market”; Draft prepared for the Fourth Annual Power Research Conference, Berkeley, California, Mar. 5, 1999.
http://www.fiafii.org/tutorial/professional4.htm; “Futures Industry Institute: Introduction: Market Institutions and Professionals”; Copyrighted 1998. Downloaded Mar. 9, 2001.
http://soc-dlco.Im.com/Download/Documents/DLC—RFP.HTML;“Request for Proposals: Soicitations for Bids to Purchase Firm Power from Duquesne Light Company.”; Jun. 1997. Downloaded Mar. 8, 2001.
Diaz Susanna M
Kaye Scholer LLP
Sklar, Esq. Brandon N.
LandOfFree
System and method for managing tier-priced commodities... does not yet have a rating. At this time, there are no reviews or comments for this patent.
If you have personal experience with System and method for managing tier-priced commodities..., we encourage you to share that experience with our LandOfFree.com community. Your opinion is very important and System and method for managing tier-priced commodities... will most certainly appreciate the feedback.
Profile ID: LFUS-PAI-O-4091427