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2008 EPA Allowance Auction Results


Allowances Available for Auction
Origin of AllowancesSpot Auction
(First Usable in 2008)
7 Year Advance Auction
(First Usable in 2015 )
EPA125,000125,000
Privately Offered00
Total125,000125,000


Spot Auction Results
AllowancesNumber of BidsNumber of BiddersBid Price
Bid For: 599,370Successful: 52 Successful: 17Highest: $651.00
Sold: 125,000Unsuccessful: 44 Unsuccessful: 2Clearing: $380.01
(the clearing price is the lowest price at which a successful bid was made)
 Total: 96Total: 19 Lowest: $.27
   Weighted Average of Winning Bids: $389.91


7 Year Advance Auction Results
AllowancesNumber of BidsNumber of BiddersBid Price
Bid For: 1,143,816Successful: 16 Successful: 10Highest: $400.00
Sold: 125,000Unsuccessful: 46 Unsuccessful: 10Clearing: $131.50
(the clearing price is the lowest price at which a successful bid was made)
 Total: 62Total: 20 Lowest: $.27
   Weighted Average of Winning Bids: $136.14


Spot Auction Winners
Bidder's NameQuantityPercentage of
Total Allowances
Amount Paid
KS & T, LP45,000 36.000$17,245,000.00
Constellation Energy Commodities Group, Inc.27,500 22.000$10,701,375.00
LUME18,723 14.978$7,487,813.31
Merrill Lynch Commodities Inc.10,000 8.000$3,975,700.00
The Detroit Edison Company6,500 5.200$2,582,645.00
Cantor Fitzgerald Brokerage6,000 4.800$2,355,360.00
Bear Energy LP3,995 3.196$1,565,704.95
Louis Dreyfus Energy Services L.P.2,500 2.000$955,025.00
Fortis Energy Marketing & Trading2,000 1.600$790,000.00
TransAlta Energy Marketing (U.S.)2,000 1.600$775,040.00
DigiLog Global Environmental750 0.600$288,750.00
Acid Rain Retirement Fund10 0.008$4,780.00
CAC Charitable Trust10 0.008$4,300.00
Green Country Energy, LLC8 0.006$5,208.00
Ithaca College - Campaign For Ithaca`s Air2 0.002$1,046.00
Bates College Environmental Economics1 0.001$463.00
AEM 250 Cornell University 20081 0.001$455.00
TOTALS125,000100%$48,738,665.26
7 Year Advance Auction Winners
Bidder's NameQuantityPercentage of
Total Allowances
Amount Paid
Dominion Energy Marketing, Inc.75,572 60.458$10,286,694.50
Virginia Electric and Power Co.49,412 39.530$6,725,803.00
Green Country Energy, LLC8 0.006$2,808.00
Rutgers Prep School Environmental Club2 0.002$490.00
Clarkson University - ECO1 0.001$400.00
Reed College1 0.001$389.00
Cochran Grandchildren Environmentalists1 0.001$200.00
Bates College Environmental Economics1 0.001$155.00
Cornell University - AEM 451/Econ 4091 0.001$143.69
University of Wisconsin Environmental Economics 3431 0.001$140.80
TOTALS125,000100%$17,017,223.99
 Total Auction Proceeds$65,755,889.25

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