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2004 EPA Allowance Auction Results
| Allowances Available for Auction | ||
| Origin of Allowances | Spot Auction (First Usable in 2004) |
7 Year Advance Auction (First Usable in 2011) |
|---|---|---|
| EPA | 125,000 | 125,000 |
| Privately Offered | 11 | |
| Total | 125,011 | 125,000 |
| Spot Auction Results | ||||
| Allowances | Number of Bids | Number of Bidders | Bid Price | |
|---|---|---|---|---|
| Bid For: 288,537 | Successful: 25 | Successful: 14 | Highest: $300.00 | |
| Sold: 125,011 | Unsuccessful: 39 | Unsuccessful: 7 | Clearing: $260.00 (the clearing price is the lowest price at which a successful bid was made) |
|
| Total: 64 | Total: 21 | Lowest: $107.00 | ||
| Average: $272.82 | ||||
| 7 Year Advance Auction Results | ||||
| Allowances | Number of Bids | Number of Bidders | Bid Price | |
|---|---|---|---|---|
| Bid For: 275,053 | Successful: 2 | Successful: 2 | Highest: $129.11 | |
| Sold: 125,000 | Unsuccessful: 6 | Unsuccessful: 3 | Clearing: $128.00 (the clearing price is the lowest price at which a successful bid was made) |
|
| Total: 8 | Total: 5 | Lowest: $81.15 | ||
| Average: $128.00 |
||||
| Spot Auction Winners | |||
| Bidder's Name | Quantity | Percentage of Total Allowances |
Amount Paid |
|---|---|---|---|
| American Electric Power | 75,000 | 59.99 | $20,813,800.00 |
| Morgan Stanley Commodities Group, Inc. | 25,000 | 20.00 | $6,569,250.00 |
| Edison Mission Energy | 10,481 | 8.38 | $2,885,060.00 |
| PSEG Energy Resources and Trade LLC | 7,500 | 6.00 | $1,965,625.00 |
| Cantor Fitzgerald Brokerage L.P. | 5,000 | 4.00 | $1,337,500.00 |
| Indianapolis Power & Light Company | 1,500 | 1.20 | $390,465.00 |
| Cedar Falls Utilities | 500 | 0.40 | $134,705.00 |
| Bates College Environmental Economics | 9 | < 0.01 | $2,628.00 |
| Acid Rain Retirement Fund | 7 | < 0.01 | $2,100.00 |
| Maryland Environmental Law Society | 5 | < 0.01 | $1,500.00 |
| Cleaner and Greener Program | 5 | < 0.01 | $1,400.00 |
| Beloit College SO2 Reduction Program | 2 | < 0.01 | $600.00 |
| AEM 250 Cornell Univ 2004 | 1 | < 0.01 | $300.00 |
| AEM 451 ECON 409 Cornell Univ 2004 | 1 | < 0.01 | $295.00 |
| TOTALS | 125,011 | 100% | $34,105,228.00 |
| 7 Year Advance Auction Winners | |||
| Bidder's Name | Quantity | Percentage of Total Allowances |
Amount Paid |
| American Electric Power | 124,950 | 99.96 | $15,993,600.00 |
| James Ayres | 50 | 0.04 | $6,455.50 |
| TOTALS | 125,000 | 100% | $16,000,055.50 |
| Total Auction Proceeds | $50,105,283.50 | ||