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2005 EPA Allowance Auction Results
| Allowances Available for Auction | ||
| Origin of Allowances | Spot Auction (First Usable in 2005) |
7 Year Advance Auction (First Usable in 2012) |
|---|---|---|
| EPA | 125,000 | 125,000 |
| Privately Offered | 0 | 0 |
| Total | 125,000 | 125,000 |
| Spot Auction Results | ||||
| Allowances | Number of Bids | Number of Bidders | Bid Price | |
|---|---|---|---|---|
| Bid For: 493,987 | Successful: 25 | Successful: 17 | Highest: $750.00 | |
| Sold: 125,000 | Unsuccessful: 90 | Unsuccessful: 14 | Clearing: $690.00 (the clearing price is the lowest price at which a successful bid was made) |
|
| Total: 115 | Total: 31 | Lowest: $300.00 | ||
| Weighted Average of Winning Bids: $702.51 | ||||
| 7 Year Advance Auction Results | ||||
| Allowances | Number of Bids | Number of Bidders | Bid Price | |
|---|---|---|---|---|
| Bid For: 327,324 | Successful: 21 | Successful: 6 | Highest: $350.00 | |
| Sold: 125,000 | Unsuccessful: 14 | Unsuccessful: 5 | Clearing: $260.00 (the clearing price is the lowest price at which a successful bid was made) |
|
| Total: 35 | Total: 11 | Lowest: $130.00 | ||
| Weighted Average of Winning Bids: $297.49 |
||||
| Spot Auction Winners | |||
| Bidder's Name | Quantity | Percentage of Total Allowances |
Amount Paid |
|---|---|---|---|
| Ameren Energy Generating Co. | 40,000 | 32.000 | $28,334,800.00 |
| Man Financial, Inc. | 24,000 | 19.200 | $16,704,240.00 |
| Morgan Stanley | 20,000 | 16.000 | $14,200,000.00 |
| Alpha | 15,000 | 12.000 | $10,387,500.00 |
| Edison Mission Marketing & Trading, Inc. | 13,089 | 10.471 | $9,061,410.00 |
| Ameren Energy Resources Generating Co. | 5,000 | 4.000 | $3,656,850.00 |
| Aquila | 5,000 | 4.000 | $3,455,350.00 |
| Duke Power | 2500 | 2.000 | $1,725,250.00 |
| Cedar Falls Utilities | 300 | 0.240 | $209,103.00 |
| ARPA | 100 | 0.080 | $71,000.00 |
| Acid Rain Retirement Fund | 5 | 0.004 | $3,625.00 |
| Hobart and William Smith Colleges | 1 | 0.001 | $703.00 |
| AEM 250 Cornell Univ 2005 | 1 | 0.001 | $710.00 |
| AEM 451/ECON 409 Cornell U. 2005 | 1 | 0.001 | $710.00 |
| Bates and Colby Environmental Economics and ES 211 | 1 | 0.001 | $724.00 |
| Fordham Environmental Law Advocates | 1 | 0.001 | $750.00 |
| Maryland Environmental Law Society | 1 | 0.001 | $750.00 |
| TOTALS | 125,000 | 100% | $87,813,475.00 |
| 7 Year Advance Auction Winners | |||
| Bidder's Name | Quantity | Percentage of Total Allowances |
Amount Paid |
| American Electric Power | 56,999 | 45.599 | $17,369,740.00 |
| CSFB Energy, LLC | 30,000 | 24.000 | $9,300,000.00 |
| Aquila | 20,000 | 16.000 | $5,521,400.00 |
| The Detroit Edison Company | 17,000 | 13.600 | $4,688,210.00 |
| ARPA | 1,000 | 0.800 | $306,000.00 |
| Creighton University Environmental Law Society | 1 | 0.001 | $350.00 |
| TOTALS | 125,000 | 100% | $37,185,700.00 |
| Total Auction Proceeds | $124,999,175.00 | ||