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2007 EPA Allowance Auction Results
| Allowances Available for Auction | ||
| Origin of Allowances | Spot Auction (First Usable in 2007) |
7 Year Advance Auction (First Usable in 2014) |
|---|---|---|
| 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: 303,790 | Successful: 37 | Successful: 14 | Highest: $1,120.00 | |
| Sold: 125,000 | Unsuccessful: 35 | Unsuccessful: 3 | Clearing: $433.25 (the clearing price is the lowest price at which a successful bid was made) |
|
| Total: 72 | Total: 17 | Lowest: $300.00 | ||
| Weighted Average of Winning Bids: $444.39 | ||||
| 7 Year Advance Auction Results | ||||
| Allowances | Number of Bids | Number of Bidders | Bid Price | |
|---|---|---|---|---|
| Bid For: 592,515 | Successful: 18 | Successful: 10 | Highest: $400.00 | |
| Sold: 125,000 | Unsuccessful: 35 | Unsuccessful: 5 | Clearing: $176.00 (the clearing price is the lowest price at which a successful bid was made) |
|
| Total: 53 | Total: 15 | Lowest: $5.00 | ||
| Weighted Average of Winning Bids: $193.35 |
||||
| Spot Auction Winners | |||
| Bidder's Name | Quantity | Percentage of Total Allowances |
Amount Paid |
|---|---|---|---|
| Morgan Stanley | 50,000 | 40.000 | $22,254,000.00 |
| KS&T, LP | 30,575 | 24.460 | $13,406,618.75 |
| Saracen Energy LP | 15,000 | 12.000 | $6,787,500.00 |
| Transalta Energy Marketing U.S. | 9,900 | 7.920 | $4,454,600.00 |
| South Carolina Public Service Authority | 7,500 | 6.000 | $3,337,500.00 |
| Alpha | 5,000 | 4.000 | $2,192,500.00 |
| Constellation Energy Commodities Group, Inc. | 2,500 | 2.000 | $1,108,850.00 |
| Merrill Lynch Commodities Inc. | 2,500 | 2.000 | $1,100,175.00 |
| The Detroit Edison Company | 2,000 | 1.600 | $890,190.00 |
| Green County Energy, LLC | 8 | 0.006 | $8,000.00 |
| Acid Rain Retirement Fund | 12 | 0.010 | $5,892.00 |
| Clean Air Conservancy Charitable Trust | 3 | 0.002 | $1,800.00 |
| Washington College Student Environmental Alliance | 1 | 0.001 | $1,120.00 |
| AEM 250 Cornell University 2007 | 1 | 0.001 | $490.00 |
| TOTALS | 125,000 | 100% | $55,549,235.75 |
| 7 Year Advance Auction Winners | |||
| Bidder's Name | Quantity | Percentage of Total Allowances |
Amount Paid |
| American Electric Power | 80,000 | 64.000 | $16,036,000.00 |
| DTE | 30,000 | 24.000 | $5,434,500.00 |
| Cantor Fitzgerald Brokerage | 10,000 | 8.000 | $1,816,300.00 |
| Bear Energy | 4,986 | 3.989 | $877,536.00 |
| Green County Energy, LLC | 8 | 0.006 | 2,800.00 |
| Rutgers Preparatory School Environmental Club | 2 | 0.002 | $580.00 |
| Clarkson University - ECO | 1 | 0.001 | $400.00 |
| Walden Asset Management | 1 | 0.001 | $350.00 |
| University of Iowa Environmental Law Society | 1 | 0.001 | $350.00 |
| University of Wisconsin Environmental Economics 343 | 1 | 0.001 | $317.00 |
| TOTALS | 125,000 | 100% | $24,169,133.00 |
| Total Auction Proceeds | $79,718,368.75 | ||