1996 SO2 Allowance Auction

1996 - Allowances Available for Auction
Origin of Allowances	Spot Auction (First Usable in 1996)	6-Year Advance Auction (First Usable in 2002)	7-Year Advance Auction (First Usable in 2003)
EPA Auction	150,000		100,000
EPA 1995 Direct Sale		25,000
Privately Offered	8,000	7,000	7,000
Total	158,000	32,000	107,000

Spot Auction Results (First Usable in 1996)

Bid Prices
- Highest: $300.00
- Clearing: $66.05
- Lowest: $39.00
- Average Winning: $68.14 (weighted)

Bidder's Name	Quantity	Percent of Total	Amount Paid
Enron Power Marketing, Inc.	107,252	71.5	$7,306,939.60
AIG Trading Corporation	11,500	7.7	$805,690.00
Allegheny Power System	10,000	6.7	$671,300.00
Cantor Fitzgerald Brokerage, L.P.	9,725	6.5	$663,525.00
Detroit Edison Company	9,000	6.0	$603,990.00
Kerr-McGee Coal Corporation	2,000	1.3	$132,100.00
IN.H.A.L.E./ Glens Falls, N.Y. Middle School	292	0.2	$20,442.92
National Healthy Air License Exchange	137	0.1	$9,330.00
Laurel Hill Works	24	<0.1	$1,699.92
Acid Rain Retirement Fund	16	<0.1	$1,280.00
IN.H.A.L.E./ Schenectady, N.Y. Schools	11	<0.1	$770.00
University of Maryland School of Law	8	<0.1	$595.16
University of Michigan Environmental Law Society	4	<0.1	$700.00
IN.H.A.L.E./ Select National Schools and Organizations	4	<0.1	$280.00
IN.H.A.L.E./ Lower Dauphin High School Ecology Club	4	<0.1	$280.00
Renee Rico	3	<0.1	$256.41
Donald B. Benson	3	<0.1	$240.00
CUNY Environmental Law Students Association	2	<0.1	$290.00
Catholic University Environmental Law Society	2	<0.1	$250.00
IN.H.A.L.E./ Elizabeth, N.J. High School	2	<0.1	$140.00
IN.H.A.L.E./ Solebury Environmental Science Class	2	<0.1	$140.00
IN.H.A.L.E./ Wheatley School Environmental Action Committee	2	<0.1	$140.00
New England School of Law— Environmental Law Society	1	<0.1	$300.00
Thomas M. Cooley Environmental Law Society	1	<0.1	$200.00
University of Minnesota Environmental Law Society	1	<0.1	$175.00
Valparaiso University School of Law	1	<0.1	$151.88
William D. Wamton	1	<0.1	$135.00
James M. Parker	1	<0.1	$105.00
Westerfield & Associates	1	<0.1	$91.00
TOTAL	150,000	100.0%	$10,221,536.89

Note: Percentages do not add up to 100% due to rounding.

Bid Prices
- Highest: $150.00
- Clearing: $64.14
- Lowest: $0.01
- Average Winning: $65.36 (weighted)

Bidder's Name	Quantity	Percent of Total	Amount Paid
Virginia Electric & Power Company	17,000	68.0	$1,111,960.00
Detroit Edison Company	6,000	24.0	$393,660.00
Baltimore Gas and Electric Company	1,999	8.0	$128,215.86
Environmental Law Society	1	<0.1	$150.00
TOTAL	25,000	100.0%	$1,633,985.86

Note: Percentages do not add up to 100% due to rounding.

Bid Prices
- Highest: $151.00
- Clearing: $63.01
- Lowest: $0.50
- Average Winning: $64.21 (weighted)

Bidder's Name	Quantity	Percent of Total	Amount Paid
Virginia Electric & Power Company	66,000	66.0	$4,216,360.00
Enron Power Marketing, Inc.	11,555	11.6	$728,080.55
AIG Trading Corporation	10,000	10.0	$660,600.00
Detroit Edison Company	9,000	9.0	$576,990.00
Baltimore Gas and Electric Company	2,575	2.6	$163,924.50
Muscatine Power and Water Company	500	0.5	$50,265.00
Anne E. Kilkenny	300	0.3	$20,103.00
Robert T. Stewart	65	0.1	$4,450.00
University of Maryland School of Law	3	<0.1	$203.06
Pennsylvania Environmental Council	1	<0.1	$151.00
Peter Zapfel	1	<0.1	$118.00
TOTAL	100,000	100.0%	$6,421,245.11

Note: Percentages do not add to 100% due to rounding.

The 1993-2006 Auction Proceeds Spreadsheet (xls) (9.57 MB) provides auction proceeds at the unit and plant level for each year. Download an Excel viewer.