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Clean Air Markets

1995 SO2 Allowance Auction

1995 – Allowances Available for Auction

Origin of
Allowances
Spot Auction
(First Usable in 1995)
6-Year Advance Auction
(First Usable 2001)
7-Year Advance Auction
(First Usable in 2002)
EPA Auction 50,000 100,000
EPA 1994
Direct Sale
25,000
Privately
Offered
8,306 7,000 7,000
Total 58,306 32,000 107,000

Spot Auction Results (First Usable in 1995)

  • Allowances
    • Bid For: 255,371
    • Sold: 50,600

  • Number of Bids
    • Successful: 46
    • Unsuccessful: 43
    • Total: 89

  • Number of Bidders
    • Successful: 26
    • Unsuccessful: 8
    • Total: 34

  • Bid Prices
    • Highest: $350
    • Clearing: $130
    • Lowest: $1
    • Average Winning: $132 (weighted)
Bidder's Name Quantity Percent
of Total
Amount Paid
Duke Power Company 17,750 35.1% $2,332,500.00
PECO Energy Company 8,000 15.8% $1,061,000.00
Cantor Fitzgerald Brokerage, L.P. 8,000 15.8% $1,058,000.00
Virginia Power 6,000 11.9% $800,000.00
Canterbury Coal Company 4,000 7.9% $520,000.00
Detroit Edison Company 2,952 5.8% $386,712.00
Allowance Holdings Corporation 2,160 4.3% $280,800.00
Hoosier Energy REC, Inc.
Ratts Unit 1SG1
500 1.0% $68,000.00
Hoosier Energy REC, Inc.
Ratts Unit 2SG1
500 1.0% $68,000.00
Marine Coal Sales Company 500 1.0% $67,500.00
National Healthy Air License Exchange 135 0.3% $18,350.00
Sam Peltzman Revocable Trust 50 0.1% $7,050.00
INHALE / Glens Falls, NY Middle School 21 <0.1% $3,171.00
CATEX Vitol Electric Inc. 12 <0.1% $1,584.00
Univ of Michigan Env Law Society 5 <0.1% $1,000.00
Env Law Students Assoc 2 <0.1% $410.00
Hamline Univ School of Law 2 <0.1% $350.00
New England School of Law 1 <0.1% $350.00
Electric Software Products
David Gloski
1 <0.1% $300.00
Electric Software Products
Alexander Long
1 <0.1% $300.00
Thomas M. Cooley Env Law Society 1 <0.1% $200.00
Duke Univ School of the Env 1 <0.1% $176.00
Michael S. Hamilton 1 <0.1% $170.00
Pollution Retirement Center 1 <0.1% $160.00
L.J. O'Callaghan, Sr. 1 <0.1% $153.00
Univ of Maryland
School of Law
1 <0.1% $150.00
TOTAL 50,600 100.0% $6,676,386.00

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

6-Year Advance Auction Results (First Usable in 2001)

  • Allowances
    • Bid For: 70,286
    • Sold: 25,400

  • Number of Bids
    • Successful: 9
    • Unsuccessful: 15
    • Total: 24

  • Number of Bidders
    • Successful: 4
    • Unsuccessful: 3
    • Total: 7

  • Bid Prices
    • Highest: $160
    • Clearing: $128
    • Lowest: $63
    • Average Winning: $131 (weighted)
Bidder's Name Quantity Percent
of Total
Amount Paid
Duke Power Company 25,000 98.4% $3,267,750.00
Virginia Power 397 1.6% $50,816.00
Univ of Maryland
School of Law
2 <0.1% $310.00
Hamline University
School of Law
1 <0.1% $150.00
TOTAL 25,400 100.0% $3,319,026.00

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

7-Year Advance Auction Results (First Usable in 2002)

  • Allowances
    • Bid For: 236,928
    • Sold: 100,400

  • Number of Bids
    • Successful: 17
    • Unsuccessful: 20
    • Total: 37

  • Number of Bidders
    • Successful: 7
    • Unsuccessful: 2
    • Total: 9

  • Bid Prices
    • Highest: $160
    • Clearing: $126
    • Lowest: $58
    • Average Winning: $128 (weighted)
Bidder's Name Quantity Percent
of Total
Amount Paid
Duke Power Company 50,383 50.2% $6,488,758.00
Allowance Holdings Corporation 30,000 29.9% $3,810,000.00
Virgina Power 10,000 10.0% $1,270,000.00
Carolina Power and Light Company 7,666 7.6% $965,916.00
United Power Association 2,000 2.0% $255,000.00
Paul Wedel 350 0.3% $50,050.00
Univ of Maryland
School of Law
1 <0.1% $160.00
TOTAL 100,400 100.0% $12,839,884.00

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

An Excel spreadsheet (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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