1997 EPA Allowance Auction Results
Final List of Bidders for Spot Auction

Bidder's Name	Quantity Received	Percent of Total	Amount Paid
Tennessee Valley Authority	87,000	58.0	$ 9,692,370.00
Allowance Holdings Corporation	20,000	13.3	2,170,000.00
Cantor Fitzgerald Brokerage, L.P.	15,400	10.3	1,680,800.00
ED & F Man International	15,000	10.0	1,650,000.00
Central Illinois Power Service Co.	10,000	6.7	1,080,000.00
Enron Capital & Trade Resources Corp.	1,346	0.9	143,685.50
Tampa Electric Company	1,000	0.7	108,140.00
The Clean Air Conservancy	170	0.1	18,963.70
The Clean Air Conservancy/Orange City Schools - Orange, NJ	16	< 0.1	1,801.76
Acid Rain Retirement Fund	11	< 0.1	1,210.00
The Clean Air Conservancy/Combined Schools Clean Air Preserve	10	< 0.1	1,126.10
The Clean Air Conservancy/St. John's Ecology Club, Guam	9	< 0.1	1,022.49
The Clean Air Conservancy/Jaffe-Hellerstein Clean Air Preserve	9	< 0.1	1,013.49
The Clean Air Conservancy/University School - Cleveland, OH	8	< 0.1	908.88
Maryland Environmental Law Society	7	< 0.1	796.14
The Clean Air Conservancy/Webster-Brandon Clean Air Preserve	4	< 0.1	440.40
The Clean Air Conservancy/Glens Falls Middle School - Glens Falls, NY	3	< 0.1	337.83
Pennsylvania Environmental Council	2	< 0.1	230.00
Thomas E. Naber	1	< 0.1	121.02
Midwest Environmental Law Caucus - Valparaiso University School of Law	1	< 0.1	120.88
William & Mary Environmental Law Society	1	< 0.1	115.00
The Clean Air Conservancy/Elizabeth High School - Elizabeth, NJ	1	< 0.1	114.61
The Clean Air Conservancy/Schenectady School District - Schenectady, NY	1	< 0.1	114.61
Total	150,000	100.0	$ 16,553,432.41

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