1997 SO2 Allowance Auction
| Origin of Allowances | Spot Auction (First Usable in 1997) |
6-Year Advance Auction (First Usable in 2003) |
7-Year Advance Auction (First Usable in 2004) |
|---|---|---|---|
| EPA Auction | 150,000 | 125,000 | |
| EPA 1996 Direct Sale |
25,000 | ||
| Privately Offered | 0 | 0 | 0 |
| Total | 150,000 | 25,000 | 125,000 |
| Allowances | Number of Bids | Number of Bidders |
Bid Price |
|---|---|---|---|
| Bid For: 1,224,582 | Successful: 41 | Successful: 23 | Highest: $121.02 |
| Sold: 150,000 | Unsuccessful: 118 | Unsuccessful: 20 | Clearing: $106.75 (the clearing price is the lowest price at which a successful bid was made) |
| Total: 159 | Total: 43 | Lowest: $0.02 | |
| Average (weighted): $110.36 |
| Allowances | Number of Bids | Number of Bidders | Bid Price |
|---|---|---|---|
| Bid For: 128,543 | Successful: 6 | Successful: 3 | Highest: $114.02 |
| Sold: 25,000 | Unsuccessful: 38 | Unsuccessful: 9 | Clearing: $105.15 (the clearing price is the lowest price at which a successful bid was made) |
| Total: 44 | Total: 12 | Lowest: $48.26 | |
| Average (weighted): $105.51 |
| Allowances | Number of Bids | Number of Bidders | Bid Price |
|---|---|---|---|
| Bid For: 553,406 | Successful: 17 | Successful: 9 | Highest: $113.02 |
| Sold: 125,000 | Unsuccessful: 58 | Unsuccessful: 8 | Clearing: $102.15 (the clearing price is the lowest price at which a successful bid was made) |
| Total: 75 | Total: 17 | Lowest: $44.26 | |
| Average (weighted): $104.16 |
| Bidder's Name | Quantity Received | Percent of Total | Amount Paid |
|---|---|---|---|
| Tennessee Valley Authority | 87,000 | 58.0 | $9,692,370.00 |
| Allowance Holdings Corporation | 20,000 | 13.3 | $2,170,000.00 |
| Cantor Fitzgerald Brokerage, L.P. | 15,400 | 10.3 | $1,680,800.00 |
| ED & F Man International | 15,000 | 10.0 | $1,650,000.00 |
| Central Illinois Power Service Co. | 10,000 | 6.7 | $1,080,000.00 |
| Enron Capital & Trade Resources Corp. | 1,346 | 0.9 | $143,685.50 |
| Tampa Electric Company | 1,000 | 0.7 | $108,140.00 |
| The Clean Air Conservancy | 170 | 0.1 | $18,963.70 |
| The Clean Air Conservancy/Orange City Schools - Orange, NJ | 16 | < 0.1 | $1,801.76 |
| Acid Rain Retirement Fund | 11 | < 0.1 | $1,210.00 |
| The Clean Air Conservancy/Combined Schools Clean Air Preserve | 10 | < 0.1 | $1,126.10 |
| The Clean Air Conservancy/St. John's Ecology Club, Guam | 9 | < 0.1 | $1,022.49 |
| The Clean Air Conservancy/Jaffe-Hellerstein Clean Air Preserve | 9 | < 0.1 | $1,013.49 |
| The Clean Air Conservancy/University School - Cleveland, OH | 8 | < 0.1 | $908.88 |
| Maryland Environmental Law Society | 7 | < 0.1 | $796.14 |
| The Clean Air Conservancy/Webster-Brandon Clean Air Preserve | 4 | < 0.1 | $440.40 |
| The Clean Air Conservancy/Glens Falls Middle School - Glens Falls, NY | 3 | < 0.1 | $337.83 |
| Pennsylvania Environmental Council | 2 | < 0.1 | $230.00 |
| Thomas E. Naber | 1 | < 0.1 | $121.02 |
| Midwest Environmental Law Caucus - Valparaiso University School of Law | 1 | < 0.1 | $120.88 |
| William & Mary Environmental Law Society | 1 | < 0.1 | $115.00 |
| The Clean Air Conservancy/Elizabeth High School - Elizabeth, NJ | 1 | < 0.1 | $114.61 |
| The Clean Air Conservancy/Schenectady School District - Schenectady, NY | 1 | < 0.1 | $114.61 |
| Total | 150,000 | 100.0 | $16,553,432.41 |
Note: Percentages do not add to 100% due to rounding.
| Bidder's Name | Quantity | Percent of Total | Amount Paid |
|---|---|---|---|
| Enron Capital & Trade Resources Corp. | 21,747 | 87.0 | $2,286,697.05 |
| Cantor Fitzgerald Brokerage, L.P. | 3,250 | 13.0 | $350,687.50 |
| Maryland Environmental Law Society | 3 | < 0.1 | $338.06 |
| Total | 25,000 | 100.0 | $2,637,722.61 |
Note: Percentages do not add to 100% due to rounding.
| Bidder's Name | Quantity | Percent of Total | Amount Paid |
|---|---|---|---|
| Enron Capital & Trade Resources Corp. | 72,222 | 57.8 | $7,482,477.30 |
| Virginia Electric & Power Company | 25,000 | 20.0 | $2,576,500.00 |
| South Carolina Public Service Authority | 20,000 | 16.0 | $2,150,000.00 |
| Detroit Edison | 3,000 | 2.4 | $306,630.00 |
| Cantor Fitzgerald Brokerage, L.P. | 2,000 | 1.6 | $215,480.00 |
| Wisconsin Electric | 1,475 | 1.2 | $152,234.75 |
| Baltimore Gas & Electric Company | 890 | 0.7 | $92,586.70 |
| MidAmerican Energy Company | 410 | 0.3 | $43,541.00 |
| Maryland Environmental Law Society | 3 | <0.1 | $337.06 |
| Total | 125,000 | 100.0 | $13,019,786.81 |
Note: Percentages do not add to 100% due to rounding.
Total Auction Proceeds: $35,559,214.53
| Bids | Quantity | Bidder's Name | Cumulative Total |
|---|---|---|---|
| $121.02 | 1 | Thomas E. Naber | 1 |
| $120.88 | 1 | Midwest Environmental Law Caucus - Valparaiso University School of Law | 2 |
| $115.02 | 1 | Maryland Environmental Law Society | 3 |
| $115.02 | 1 | Maryland Environmental Law Society | 4 |
| $115.00 | 1 | Pennsylvania Environmental Council | 5 |
| $115.00 | 1 | Pennsylvania Environmental Council | 6 |
| $115.00 | 1 | William & Mary Environmental Law Society | 7 |
| $114.61 | 20 | The Clean Air Conservancy | 27 |
| $114.61 | 1 | The Clean Air Conservancy / Schenectady School District - Schenectady, NY | 28 |
| $114.61 | 1 | The Clean Air Conservancy / Elizabeth High School - Elizabeth, NJ | 29 |
| $114.02 | 1 | Maryland Environmental Law Society | 30 |
| $114.02 | 1 | Maryland Environmental Law Society | 31 |
| $113.61 | 9 | The Clean Air Conservancy / St. John's Ecology Club, Guam | 40 |
| $113.61 | 8 | The Clean Air Conservancy / University School - Cleveland, OH | 48 |
| $113.02 | 1 | Maryland Environmental Law Society | 49 |
| $113.02 | 1 | Maryland Environmental Law Society | 50 |
| $112.61 | 70 | The Clean Air Conservancy | 120 |
| $112.61 | 3 | The Clean Air Conservancy / Glens Falls Middle School - Glen Falls, NY | 123 |
| $112.61 | 10 | The Clean Air Conservancy / Combined Schools Clean Air Preserve | 133 |
| $112.61 | 9 | The Clean Air Conservancy / Jaffe - Hellerstein Clean Air Preserve | 142 |
| $112.61 | 16 | The Clean Air Conservancy / Orange City Schools - Orange, NJ | 158 |
| $112.51 | 25,000 | Tennessee Valley Authority | 25,158 |
| $112.02 | 1 | Maryland Environmental Law Society | 25,159 |
| $111.51 | 28,000 | Tennessee Valley Authority | 53,159 |
| $111.12 | 5,000 | Cantor Fitzgerald Brokerage, L.P. | 58,159 |
| $110.61 | 50 | The Clean Air Conservancy | 58,209 |
| $110.51 | 34,000 | Tennessee Valley Authority | 92,209 |
| $110.10 | 4 | The Clean Air Conservancy / Webster - Brandon Clean Air Preserve | 92,213 |
| $110.00 | 400 | Cantor Fitzgerald Brokerage, L.P. | 92,613 |
| $110.00 | 5,000 | Allowance Holdings Corporation | 97,613 |
| $110.00 | 15,000 | ED & F Man International | 112,613 |
| $110.00 | 11 | Acid Rain Retirement Fund | 112,624 |
| $109.12 | 5,000 | Cantor Fitzgerald Brokerage, L.P. | 117,624 |
| $109.00 | 5,000 | Allowance Holdings Corporation | 122,624 |
| $108.61 | 30 | The Clean Air Conservancy | 122,654 |
| $108.14 | 1,000 | Tampa Electric Company | 123,654 |
| $108.00 | 10,000 | Central Illinois Power Service Co. | 133,654 |
| $108.00 | 5,000 | Allowance Holdings Corporation | 138,654 |
| $107.12 | 5,000 | Cantor Fitzgerald Brokerage, L.P. | 143,654 |
| $107.00 | 5,000 | Allowance Holdings Corporation | 148,654 |
| $106.75 | 125,000 | Enron Capital & Trade Resources Corp.* | 273,654 |
*Awarded a partial fill of 1,346 out of 125,000 allowances.
Note: Percentages do not add to 100% due to rounding
| Bids | Quantity | Bidder's Name | Cumulative Total |
|---|---|---|---|
| $114.02 | 1 | Maryland Environmental Law Society | 1 |
| $112.63 | 250 | Cantor Fitzgerald Brokerage, L.P. | 251 |
| $112.02 | 1 | Maryland Environmental Law Society | 252 |
| $112.02 | 1 | Maryland Environmental Law Society | 253 |
| $107.51 | 3,000 | Cantor Fitzgerald Brokerage, L.P. | 3,253 |
| $105.15 | 25,000 | Enron Capital & Trade Resources Corp.* | 28,253 |
* Awarded a partial fill of 21,747 out of 25,000 allowances.
Note: Percentages do not add to 100% due to rounding.
| Bids | Quantity | Bidder's Name | Cumulative Total |
|---|---|---|---|
| $113.02 | 1 | Maryland Environmental Law Society | 1 |
| $112.02 | 1 | Maryland Environmental Law Society | 2 |
| $112.02 | 1 | Maryland Environmental Law Society | 3 |
| $110.10 | 110 | MidAmerican Energy Company | 113 |
| $110.00 | 10,000 | South Carolina Public Service Authority | 10,113 |
| $109.19 | 1,000 | Cantor Fitzgerald Brokerage, L.P. | 11,113 |
| $108.10 | 100 | MidAmerican Energy Company | 11,213 |
| $106.29 | 1,000 | Cantor Fitzgerald Brokerage, L.P. | 12,213 |
| $105.00 | 10,000 | South Carolina Public Service Authority | 22,213 |
| $104.15 | 35,000 | Enron Capital & Trade Resources Corp. | 57,213 |
| $104.03 | 890 | Baltimore Gas & Electric Company | 58,103 |
| $103.21 | 1,475 | Wisconsin Electric | 59,578 |
| $103.15 | 35,000 | Enron Capital & Trade Resources Corp. | 94,578 |
| $103.10 | 200 | MidAmerican Energy Company | 94,778 |
| $103.06 | 25,000 | Virginia Electric & Power Company | 119,778 |
| $102.21 | 3,000 | Detroit Edison | 122,778 |
| $102.15 | 35,000 | Enron Capital & Trade Resources Corp.* | 157,778 |
*Awarded a partial fill of 2,222 out of 35,000 allowances.
Note: Percentages do not add to 100% due to rounding
The 1993-2006 Auction Proceeds Spreadsheet (xls) provides auction proceeds at the unit and plant level for each year. Download an Excel viewer.