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2007 EPA Allowance Auction Results


Allowances Available for Auction  
Origin of Allowances Spot Auction
(First Usable in 2007)
7 Year Advance Auction
(First Usable in 2014)
EPA 125,000 125,000
Privately Offered 0 0
Total 125,000 125,000


Spot Auction Results
Allowances Number of Bids Number of Bidders Bid Price
Bid For: 303,790 Successful: 37 Successful: 14 Highest: $1,120.00
Sold: 125,000 Unsuccessful: 35 Unsuccessful: 3 Clearing: $433.25
(the clearing price is the lowest price at which a successful bid was made)
  Total: 72 Total: 17 Lowest: $300.00
      Weighted Average of Winning Bids: $444.39


7 Year Advance Auction Results
Allowances Number of Bids Number of Bidders Bid Price
Bid For: 592,515 Successful: 18 Successful: 10 Highest: $400.00
Sold: 125,000 Unsuccessful: 35 Unsuccessful: 5 Clearing: $176.00
(the clearing price is the lowest price at which a successful bid was made)
  Total: 53 Total: 15 Lowest: $5.00
      Weighted Average of Winning Bids: $193.35

Spot Auction Winners
Bidder's Name Quantity Percentage of
Total Allowances
Amount Paid
Morgan Stanley 50,000 40.000 $22,254,000.00
KS&T, LP 30,575 24.460 $13,406,618.75
Saracen Energy LP 15,000 12.000 $6,787,500.00
Transalta Energy Marketing U.S. 9,900 7.920 $4,454,600.00
South Carolina Public Service Authority 7,500 6.000 $3,337,500.00
Alpha 5,000 4.000 $2,192,500.00
Constellation Energy Commodities Group, Inc. 2,500 2.000 $1,108,850.00
Merrill Lynch Commodities Inc. 2,500 2.000 $1,100,175.00
The Detroit Edison Company 2,000 1.600 $890,190.00
Green County Energy, LLC 8 0.006 $8,000.00
Acid Rain Retirement Fund 12 0.010 $5,892.00
Clean Air Conservancy Charitable Trust 3 0.002 $1,800.00
Washington College Student Environmental Alliance 1 0.001 $1,120.00
AEM 250 Cornell University 2007 1 0.001 $490.00
TOTALS 125,000 100% $55,549,235.75
7 Year Advance Auction Winners
Bidder's Name Quantity Percentage of
Total Allowances
Amount Paid
American Electric Power 80,000 64.000 $16,036,000.00
DTE 30,000 24.000 $5,434,500.00
Cantor Fitzgerald Brokerage 10,000 8.000 $1,816,300.00
Bear Energy 4,986 3.989 $877,536.00
Green County Energy, LLC 8 0.006 2,800.00
Rutgers Preparatory School Environmental Club 2 0.002 $580.00
Clarkson University - ECO 1 0.001 $400.00
Walden Asset Management 1 0.001 $350.00
University of Iowa Environmental Law Society 1 0.001 $350.00
University of Wisconsin Environmental Economics 343 1 0.001 $317.00
TOTALS 125,000 100% $24,169,133.00
  Total Auction Proceeds $79,718,368.75

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