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Clean Air Markets

2001 SO2 Allowance Auction

2001 EPA Allowance Auction Results

Allowances Available for Auction
Origin of Allowances Spot Auction
(First Usable in 2001)
7-Year Advance Auction
(First Usable in 2008)
EPA 125,000 125,000
Privately Offered 2,788 2,388
Total 127,788 127,388

Spot Auction Results
Allowances Number of Bids Number of Bidders Bid Price
Bid For: 480,995 Successful: 14 Successful: 12 Highest: $225.00
Sold: 127,788 Unsuccessful: 71 Unsuccessful: 15 Clearing: $173.57
(the clearing price is the lowest price at which a successful bid was made)
  Total: 85 Total: 27 Lowest: $105.00
      Average: $174.97 (weighted by the number of allowances in each bid)

7-Year Advance Auction Results 
Allowances Number of Bids Number of Bidders Bid Price
Bid For: 355,500 Successful: 6 Successful: 1 Highest: $115.07
Sold: 127,388 Unsuccessful: 14 Unsuccessful: 4 Clearing: $105.72
(the clearing price is the lowest price at which a successful bid was made)
  Total: 20 Total: 5 Lowest: $30.00
      Average: $110.75
(weighted by the number of allowances in each bid)

Spot Auction Winners
Bidder's Name Quantity Percentage of
Total Allowances
Amount Paid
Enron North America 125,000 97.82 $21,875,000.00
Ohio Power Company (AEP) 2,757 2.16 $478,532.49
Acid Rain Retirement Fund 11 < 0.01 $1,980.00
Maryland Environmental Law Society 7 < 0.01 $1,275.00
Yale Environmental Law Association 4 < 0.01 $724.00
Stetson Univ College of Law, Environmental Law Society 1 < 0.01 $377.00
ECON 212 - Hobart & William Smith Colleges 1 < 0.01 $181.00
Campus Green - Hobart and William Smith Colleges 1 < 0.01 $181.00
UWGB-PEAC & RRA 1 < 0.01 $225.00
Bates College Planeteers 1 < 0.01 $191.00
University of Chicago Environmental Law Society 1 < 0.01 $180.00
University of Wisconsin 1 < 0.01 $180.00
Pace Law School, Environmental Law Society 1 < 0.01 $176.00
TOTALS 127,788 100% $22,359,202.49

7-Year Advance Auction Winners
Bidder's Name Quantity Percentage of
Total Allowances
Amount Paid
Ohio Power Company (AEP) 127,388 100.00 $14,107,959.36
TOTALS 127,388 100% $14,107,959.36
 
  Total Auction Proceeds $36,467,161.85

Spot Bids (First Usable in 2001)

Bids Bidder's Name Quantity Total
$225.00 UWGB-PEAC & RRA 1 1
$191.00 Bates College Planeteers 1 2
$188.50 Stetson Univ College of Law, Environmental Law Society 2 4
$185.00 Maryland Environmental Law Society 3 7
$181.00 Yale Environmental Law Association 4 11
$181.00 Econ 212- Hobart & William Smith College 1 12
$181.00 Campus Greens- Hobart & William Smith College 1 13
$180.00 University of Wisconsin 1 14
$180.00 Maryland Environmental Law Society 4 18
$180.00 University of Chicago Environmental Law Society 1 19
$180.00 Acid Rain Retirement Fund 11 30
$176.00 Pace Law School, Environmental Law Society 1 31
$175.00 Enron North America* 125,000 125,031
$173.57 Ohio Power Company (AEP)** 62,500 187,531

Bids below this line were unsuccessful because they were below the clearing price of $173.57.
 
$172.57   62,500 250,031
$170.37   10,000 260,031
$167.50   2,000 262,031
$166.01   500 262,531
$166.00   2,500 265,031
$165.00   2,000 267,031
$164.00   2,500 269,531
$163.00   2,500 272,031
$162.50   1,000 273,031
$162.40   5,000 278,031
$162.00   2,500 280,531
$161.87   1,250 281,781
$161.00   1 281,782
$161.00   2,500 284,282
$161.00   5,000 289,282
$161.00   3,000 292,282
$160.25   500 292,782
$160.00   1,000 293,782
$160.00   2,500 296,282
$160.00   9,000 305,282
$159.87   1,250 306,532
$159.05   2,500 309,032
$159.00   2,500 311,532
$158.00   1,000 312,532
$158.00   2,500 315,032
$157.87   2,500 317,532
$157.00   2,500 320,032
$156.87   2,500 322,532
$156.05   2,500 325,032
$156.00   2,500 327,532
$156.00   4,000 331,532
$155.87   1,250 332,782
$155.00   1,000 333,782
$155.00   2,500 336,282
$155.00   5,000 341,282
$153.87   1,250 342,532
$153.05   2,500 345,032
$153.00   10,000 355,032
$152.50   1,963 356,995
$152.00   2,500 359,495
$151.00   10,000 369,495
$151.00   2,500 371,995
$151.00   6,500 378,495
$150.05   2,500 380,995
$150.00   100 381,095
$150.00   2,500 383,595
$149.00   2,500 386,095
$147.50   2,500 388,595
$147.00   2,500 391,095
$146.00   9,000 400,095
$145.00   100 400,195
$145.00   10,000 410,195
$145.00   2,500 412,695
$145.00   10,000 422,695
$145.00   2,500 425,195
$143.00   2,500 427,695
$142.50   2,500 430,195
$141.00   11,500 441,695
$140.00   100 441,795
$136.00   14,500 456,295
$135.00   100 456,395
$131.00   18,000 474,395
$130.00   1,000 475,395
$130.00   100 475,495
$125.00   100 475,595
$120.00   2,000 477,595
$120.00   100 477,695
$115.00   100 477,795
$110.00   3,000 480,795
$110.00   100 480,895
$105.00   100 480,995

*This bid included 31 offered allowances.
**This bid was partially filled with 2,757 offered allowances.

7-Year Advance Spot Bids (First Usable in 2008)

Bids Bidder's Name Quantity Total
$115.07 Ohio Power Company (AEP) 25,000 25,000
$112.61 Ohio Power Company (AEP) 25,000 50,000
$110.12 Ohio Power Company (AEP) 25,000 75,000
$108.84 Ohio Power Company (AEP) 25,000 100,000
$107.58 Ohio Power Company (AEP) 25,000 125,000
$105.72 Ohio Power Company (AEP)* 25,000 150,000

Bids below this line were unsuccessful because they were below the clearing price of $105.72.
 
$85.00   100 150,100
$80.00   100 150,200
$75.00   100 150,300
$70.00   100 150,400
$65.00   125,000 275,400
$65.00   100 275,500
$60.00   10,000 285,500
$51.66   10,000 295,500
$50.00   10,000 305,500
$45.00   10,000 315,500
$41.66   10,000 325,500
$40.00   10,000 335,500
$31.66   10,000 345,500
$30.00   10,000 355,500

*This bid was partially filled with 2,388 offered allowances.

2001 Acid Rain Allowance Auction Results
Privately Offered Allowances and Floor Prices

Private allowance holders (such as utilities or brokers) may offer bids for sale in both the spot auction and the 7-Year advance auction. When placing an offer, the allowance holder specifies a minimum price it will accept. EPA does not disclose the minimum price for allowances that were successfully sold through the auction.

Auction Offers (Spot)
Offers Quantity Cumulative Total
********** 31* 31
********** 2,757** 2,788
* 31 allowances, with offer prices equal to or less than $175.00, were sold at $175.00.  
** 2,757 allowances, with offer prices equal to or less than $173.57, were sold at $173.57.

Auction Offers (7-Year Advance)
Offers Quantity Cumulative Total
********** 2,388* 2,388
* 2,388 allowances with offer prices equal to or less than $105.72, were sold at $105.72.

An Excel spreadsheet (Excel, 30K) provides the same results.

Another Excel spreadsheet (Excel, 9.5 MB) provides auction proceeds at the unit and plant level for each year. Download an Excel viewer exit EPA

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