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1998 EPA Allowance Auction Results
| Origin of Allowances | Spot Auction (first usable in 1998) |
7 Year Advance Auction (first usable in 2005) |
|---|---|---|
| EPA | 150,000 | 125,000 |
Spot Auction Results
| Allowances | Number of Bids | Number of Bidders | Bid Price |
|---|---|---|---|
| Bid For: 767,097 | Successful: 21 | Successful: 11 | Highest: $228.92 |
| Sold: 150,000 | Unsuccessful: 88 | Unsuccessful: 25 | Clearing: $115.01 |
| Total: 109 | Total: 36 | Lowest: $56.91 | |
| Average (weighted): $116.96 |
7 Year Advance Auction Results
| Allowances | Number of Bids | Number of Bidders | Bid Price |
|---|---|---|---|
| Bid For: 509,009 | Successful: 20 | Successful: 3 | Highest: $115.01 |
| Sold: 125,000 | Unsuccessful: 34 | Unsuccessful: 9 | Clearing: $108.30 |
| Total: 54 | Total: 12 | Lowest: $87.00 | |
| Average (weighted): $111.05 |
Spot Auction Winners
| Bidder's Name | Quantity | Percentage of Total Allowances | Amount Paid |
|---|---|---|---|
| Cantor Fitzgerald | 110,000 | 73.33 | $12,943,200.00 |
| Allowance Holdings Corporation | 39,978 | 26.65 | $4,597,869.78 |
| Vermont Center | 10 | 0.01 | $1,155.00 |
| Drake Environmental Law Society | 3 | <0.1 | $346.53 |
| CUNY Environmental Law Students Association | 2 | <0.1 | $250.00 |
| McGeorge Environmental Law Forum | 2 | <0.1 | $250.00 |
| Michael J. Walsh | 1 | <0.1 | $228.92 |
| Carolina Clean Skies | 1 | <0.1 | $150.00 |
| Maria Damon/ Cornell Univ. | 1 | <0.1 | $131.51 |
| Catholic Univ. Environmental Law Society | 1 | <0.1 | $126.90 |
| Univ. of Wisconsin- Madison | 1 | <0.1 | $120.00 |
| Total | 150,000 | 100 | $17,543,828.64 |
7 Year Advance Auction Winners
| Bidder's Name | Quantity | Percentage of Total Allowances | Amount Paid |
|---|---|---|---|
| Cantor Fitzgerald | 124,995 | 99.9 | $13,880,908.50 |
| Maryland Environmental Law Society | 4 | <0.1 | $446.08 |
| Hatena Environmental Network Japan | 1 | <0.1 | $110.00 |
| Total | 125,000 | 100 | $13,881,464.58 |
Total Auction Proceeds: $31,425,293.22