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Clean Air Markets

1999 SO2 Allowance Auction

1999 EPA Allowance Auction Results

Origin of Allowances Apot Auction
(First Usable in 1999)
7-Year Advance Auction
(First Usable in 2006)
EPA 150,000 125,000
Privately Offered 2,510 0
Total 152,510 125,000

Spot Auction Results
Allowances Number of Bids Number of Bidders Bid Price
Bid For: 500,567 Successful: 27 Successful: 11 Highest: $230.00
Sold: 150,010 Unsuccessful: 50 Unsuccessful: 12 Clearing: $200.55
(the clearing price is the lowest price at which a successful bid was made)
Total: 77 Total: 23 Lowest: $41.16
Average (weighted): $207.03

7-Year Advance Auction Results
Allowances Number of Bids Number of Bidders Bid Price
Bid For: 253,055 Successful: 21 Successful: 11 Highest: $220.51
Sold: 125,000 Unsuccessful: 11 Unsuccessful: 1 Clearing: $167.55
(the clearing price is the lowest price at which a successful bid was made)
Total: 32 Total: 12 Lowest: $110.31
Average (weighted): $179.79

Spot Auction Winners
Bidder's Name Quantity Percentage of
Total Allowances
Amount Paid
American Electric Power 74,424 49.61% $15,100,733.20
Cinergy Services, Inc. 30,000 20.00% $6,466,050.00
Cantor Fitzgerald EBS 21,250 14.17% $4,402,812.50
Potomac Electric Power Company 10,000 6.67% $2,120,100.00
Milton R. Young Station 7,467 4.98% $1,553,210.67
Wisconsin Electric Power Company 5,000 3.33% $1,016,980.00
Baltimore Gas and Electric Company 1,804 1.20% $382,448.00
Sacramento Municipal Utility District 40 0.03% $8,700.00
Acid Rain Retirement Fund 13 0.01% $2,990.00
Maryland Environmental Law Society 11 0.01% $2,436.00
K-Marx Capital 1 <0.01% $225.00
TOTAL 150,010 100% $31,056,685.37

7-Year Advance Auction Winners
Bidder's Name Quantity Percentage of
Total Allowances
Amount Paid
American Electric Power 121,945 97.56% $21,869,384.75
Cantor Fitzgerald EBS 3,000 2.40% $592,530.00
The Clean Air Conservancy 40 0.03% $8,420.40
St. Edmonds Academy, Delaware 6 <0.01% $1,278.00
Birney Elementary 2 <0.01% $441.02
Democrat of Amherst, NH 2 <0.01% $425.02
Summit Academy North 1 <0.01% $220.51
Snape/Bower Clean Air Preserve 1 <0.01% $212.51
Combined Schools Clean Air Preserve 1 <0.01% $210.51
Pepperdine Environmental Law Society 1 <0.01% $200.00
Matthew L. Floyd 1 <0.01% $185.00
TOTAL 125,000 100% $22,473,507.72

TOTAL AUCTION PROCEEDS: $53,530,193.09

Spot Auctions Bids (First Usable in 1999)

Bids Bidder's Name Quantity Total
$230.00 Acid Rain Retirement Fund 13 13
$225.00 K-Marx Capital 1 14
$225.00 Maryland Environmental Law Society 4 18
$225.00 Sacramento Municipal Utility District 20 38
$220.00 Maryland Environmental Law Society 5 43
$218.00 Maryland Environmental Law Society 2 45
$217.03 Cinergy Services, Inc. 15,000 15,045
$214.04 Cinergy Services, Inc. 15,000 30,045
$212.01 Potomac Electric Power Company 10,000 40,045
$212.00 Baltimore Gas and Electric Company 1,804 41,849
$210.05 Cantor Fitzgerald Environmental Brokerage 2,500 44,349
$210.00 Sacramento Municipal Utility District 20 44,369
$209.50 Cantor Fitzgerald Environmental Brokerage 5,000 49,369
$208.50 Cantor Fitzgerald Environmental Brokerage 5,000 54,369
$208.01 Milton R. Young Station 7,467 61,836
$207.05 Cantor Fitzgerald Environmental Brokerage 1,250 63,086
$205.55 American Electric Power 25,000 88,086
$205.31 Wisconsin Electric Power Company 1,000 89,086
$204.53 Wisconsin Electric Power Company 1,000 90,086
$204.50 Cantor Fitzgerald Environmental Brokerage 5,000 95,086
$204.05 Cantor Fitzgerald Environmental Brokerage 1,250 96,336
$203.17 Wisconsin Electric Power Company 1,000 97,336
$202.55 American Electric Power 25,000 122,336
$202.35 Wisconsin Electric Power Company 1,000 123,336
$201.62 Wisconsin Electric Power Company 1,000 124,336
$201.05 Cantor Fitzgerald Environmental Brokerage 1,250 125,586
$200.55 American Electric Power* 25,000 150,586

Bids below this line were unsuccessful because they were below the clearing price of $200.55.
 
$200.00   10 150,596
$200.00   20 150,616
$200.00   1 150,617
$198.05   1,250 151,867
$197.55   12,500 164,367
$196.89   1 164,368
$195.55   12,500 176,868
$195.50   5,000 181,868
$195.36   5,000 186,868
$195.05   1,250 188,118
$195.00   500 188,618
$194.02   25,000 213,618
$192.55   12,500 226,118
$192.05   1,250 227,368
$191.00   20,000 247,368
$190.55   12,500 259,868
$190.00   500 260,368
$189.63   850 261,218
$189.15   5,000 266,218
$189.05   1,250 267,468
$187.55   12,500 279,968
$186.05   1,250 281,218
$185.55   12,500 293,718
$185.00   500 294,218
$184.15   5,000 299,218
$179.15   10,000 309,218
$176.16   500 309,718
$175.00   20 309,738
$174.15   10,000 319,738
$170.20   5,000 324,738
$169.15   10,000 334,738
$165.20   5,000 339,738
$160.00   10,000 349,738
$156.16   700 350,438
$155.00   10,000 360,438
$150.61   1 360,439
$150.00   20,000 380,439
$145.13   25,000 405,439
$140.53   25,000 430,439
$136.16   800 431,239
$135.13   25,000 456,239
$130.53   25,000 481,239
$130.01   1 481,240
$126.00   1 481,241
$125.01   1 481,242
$116.16   1,000 482,242
$100.25   2,000 484,242
$96.16   1,000 485,242
$50.00   1,950 487,192
$41.16   13,375 500,567

*Awarded a partial fill of 24,424 out of 25,000 for allowances bid for, including 10 privately offered allowances.

7-Year Advance Spot Bids (First Usable in 2006)

Bids Bidder's Name Quantity Total
$220.51 Birney Elementary 2 2
$220.51 Summit Academy North 1 3
$213.00 St. Edmonds Academy, Delaware 6 9
$212.51 Democrats of Amherst, NH 2 11
$212.51 Snape/Bower Clean Air Preserve 1 12
$212.51 The Clean Air Conservancy 20 32
$210.51 Combined Schools Clean Air Preserve 1 33
$208.51 The Clean Air Conservancy 20 53
$200.00 Pepperdine Environmental Law Society 1 54
$197.51 Cantor Fitzgerald Environmental Brokerage Services 3,000 3,054
$190.55 American Electric Power 12,500 15,554
$187.55 American Electric Power 12,500 28,054
$185.55 American Electric Power 12,500 40,554
$185.00 Matthew L Floyd 1 40,555
$182.55 American Electric Power 12,500 53,055
$180.55 American Electric Power 12,500 65,555
$177.55 American Electric Power 12,500 78,055
$175.55 American Electric Power 12,500 90,555
$172.55 American Electric Power 12,500 103,055
$170.55 American Electric Power 12,500 115,555
$167.55 American Electric Power* 12,500 128,055

Bids below this line were unsuccessful because they were below the clearing price of $167.55.
 
$160.31   9,000 137,055
$155.31   9,000 146,055
$150.31   9,000 155,055
$145.31   9,000 164,055
$140.31   9,000 173,055
$135.31   10,000 183,055
$130.31   14,000 197,055
$125.31   14,000 211,055
$120.31   14,000 225,055
$115.31   14,000 239,055
$110.31   14,000 253,055

* Awarded a partial fill of 9,445 out of 12,500 for allowances bid for.

Spot Auction Offers

Offers Quantity Cumulative Total
***** 10* 10
$214.50 2,500 2,510

* 10 allowances, with offer prices equal to or less than $200.55, were sold at $200.55.

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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