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Clean Air Markets

1994 SO2 Allowance Auction

1994 – Allowances Available for Auction

Origin of
Allowances
Spot Auction
(First Usable in 1994)
6-Year Advance Auction
(First Usable 2000)
7-Year Advance Auction
(First Usable in 2001)
EPA Auction 50,000 100,000
EPA 1993
Direct Sale
25,000
Privately
Offered
58,001 50,000 47,000
Total 108,001 75,000 147,000

Spot Auction Summary (First Usable in 1994)

  • Allowances
    • Bid For: 294,354
    • Sold: 50,000

  • Number of Bids
    • Successful: 37
    • Unsuccessful: 66
    • Total: 103

  • Number of Bidders
    • Successful: 17
    • Unsuccessful: 9
    • Total: 26

  • Bid Prices
    • Highest: $400
    • Clearing: $150
    • Lowest: $24
    • Average Winning: $159 (weighted)
Bidder's Name Quantity Percent
of Total
Amount Paid
American Municipal Power - Ohio Inc. 18,000 36.0% $2,997,000.00
Allowance Holdings Corporation 12,946 25.9% $1,941,900.00
Tampa Electric Company 12,000 24.0% $1,878,000.00
Wholesale Power Services, Inc. 2,600 5.2% $417,600.00
Cantor Fitzgerald 1,801 3.6% $302,376.00
Marine Coal Sales Company 1,500 3.0% $225,000.00
Cleveland Electric Illuminating Co. 550 1.1% $87,050.00
Gulf Power Company 446 0.9% $70,022.00
Mark Battaglia 87 0.2% $13,870.00
CATEX Vitol Electric Inc. 24 <0.1% $3,720.00
L.J. O'Callaghan, Sr. 20 <0.1% $3,230.00
Phil Jensen 20 <0.1% $3,000.00
TV Nation 2 <0.1% $800.00
Cliff Hamal 1 <0.1% $201.00
Nathan Hartman 1 <0.1% $200.00
Univ. of Maryland School of Law 1 <0.1% $200.00
Myles R. O'Kelly 1 <0.1% $159.00
TOTAL 50,000 100.0% $7,944,328.00

Note: Percentages do not add to 100% due to rounding

6-Year Advance Auction Summary (First Usable in 2000)

  • Allowances
    • Bid For: 110,489
    • Sold: 25,400

  • Number of Bids
    • Successful: 10
    • Unsuccessful: 60
    • Total: 70

  • Number of Bidders
    • Successful: 6
    • Unsuccessful: 10
    • Total: 16

  • Bid Prices
    • Highest: $150
    • Clearing: $140
    • Lowest: $57
    • Average Winning: $148 (weighted)
Bidder's Name Quantity Percent
of Total
Amount Paid
Allowance Holdings Corporation 20,000 78.7% $3,000,000.00
Duke Power Company 3,886 15.3% $550,040.00
Cantor Fitzgerald 1,000 3.9% $145,000.00
United Power Association 400 1.6% $56,400.00
SCANA Corporation 113 0.4% $16,047.00
Myles R. O'Kelly 1 <0.1% $141.00
TOTAL 25,400 100.0% $3,767,628.00

Note: Percentages do not add to 100% due to rounding

7-Year Advance Auction Summary (First Usable in 2001)

  • Allowances
    • Bid For: 489,399
    • Sold: 100,000

  • Number of Bids
    • Successful: 19
    • Unsuccessful: 92
    • Total: 111

  • Number of Bidders
    • Successful: 11
    • Unsuccessful: 11
    • Total: 22

  • Bid Prices
    • Highest: $250
    • Clearing: $140
    • Lowest: $24
    • Average Winning: $149 (weighted)
Bidder's Name Quantity Percent
of Total
Amount Paid
Allowance Holdings Corporation 90,000 89.3% $13,500,000.00
American Electric Power Service 5,000 5.0% $725,000.00
Duke Power Company 2,000 2.0% $283,000.00
Cincinnati Gas & Electric Co. 1,839 1.8% $257,460.00
SCANA Corporation 975 1.0% $138,450.00
Cantor Fitzgerald 500 0.5% $72,500.00
Paul Wedel 325 0.3% 50,050.00
Orlando Utilities Commission 130 0.1% $19,320.00
Robert T Stewart 25 <0.1% $4,100.00
Dan Peterman 5 <0.1% $1,250.00
Electric Generation Association 1 <0.1% $200.00
TOTAL 100,800 100.0% $15,051,330.00

Note: Percentages do not add to 100% due to rounding

An Excel spreadsheet (Excel, 6.1 MB) provides auction proceeds at the unit and plant level for each year. Download an Excel viewer exit EPA

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