1998 SO2 Allowance Auction

1998 EPA Allowance Auction Results
Origin of Allowances	Spot Auction (First Usable in 1998)	7-Year Advance Auction (First Usable in 2005)
EPA	150,000	125,000

Spot Auction Results
Allowances	Number of Bids	Number of Bidders	Bid Price
Bid For: 767,097	Successful: 21	Successful: 11	Highest: $228.92
Sold: 150,000	Unsuccessful: 88	Unsuccessful: 25	Clearing: $115.01 (the clearing price is the lowest price at which a successful bid was made)
	Total: 109	Total: 36	Lowest: $56.91
			Average (weighted): $116.96

7-Year Advance Auction Results
Allowances	Number of Bids	Number of Bidders	Bid Price
Bid For: 509,009	Successful: 20	Successful: 3	Highest: $115.01
Sold: 125,000	Unsuccessful: 34	Unsuccessful: 9	Clearing: $108.30 (the clearing price is the lowest price at which a successful bid was made)
	Total: 54	Total: 12	Lowest: $87.00
			Average (weighted): $111.05

Spot Auction Winners
Bidder's Name	Quantity	Percent of Total Allowances	Amount Paid
Cantor Fitzgerald	110,000	73.33	$12,943,200.00
Allowance Holdings Corporation	39,978	26.65	$4,597,869.78
Vermont Center	10	0.01	$1,155.00
Drake Environmental Law Society	3	<0.1	$346.53
CUNY Environmental Law Students Association	2	<0.1	$250.00
McGeorge Environmental Law Forum	2	<0.1	$250.00
Michael J. Walsh	1	<0.1	$228.92
Carolina Clean Skies	1	<0.1	$150.00
Maria Damon/ Cornell University	1	<0.1	$131.51
Catholic Univ. Environmental Law Society	1	<0.1	$126.90
University of Wisconsin - Madison	1	<0.1	$120.00
Total	150,000	100	$17,543,828.64

7-Year Advance Auction Winners
Bidder's Name	Quantity	Percentage of Total Allowances	Amount Paid
Cantor Fitzgerald	124,995	99.9	$13,880,908.50
Maryland Environmental Law Society	4	<0.1	$446.08
Hatena Environmental Network Japan	1	<0.1	$110.00
Total	125,000	100	$13,881,464.58

Total Auction Proceeds: $31,425,293.22

Spot Auction Bids (First Usable in 1998)
Bids	Bidder's Name	Quantity	Total
$228.92	Michael J. Walsh	1	1
$150.00	Carolina Clean Skies	1	2
$131.51	Maria Damon/ Cornell University	1	3
$126.90	Catholic University Environmental Law Society	1	4
$125.00	CUNY Environmental Law Students Association	2	6
$125.00	McGeorge Environmental Law Forum	2	8
$120.03	Cantor Fitzgerald	10,000	10,008
$120.00	University of Wisconsin - Madison	1	10,009
$119.52	Cantor Fitzgerald	10,000	20,009
$119.01	Cantor Fitzgerald	10,000	30,009
$118.76	Cantor Fitzgerald	10,000	40,009
$118.21	Cantor Fitzgerald	10,000	50,009
$117.64	Cantor Fitzgerald	10,000	60,009
$117.16	Cantor Fitzgerald	10,000	70,009
$116.80	Cantor Fitzgerald	10,000	80,009
$116.31	Cantor Fitzgerald	10,000	90,009
$115.76	Cantor Fitzgerald	10,000	100,009
$115.51	Drake Environmental Law Society	3	100,012
$115.50	Vermont Center	10	10,022
$115.12	Cantor Fitzgerald	10,000	110,022
$115.01	Allowance Holdings Corporation*	150,000	260,022
Bids below this line were unsuccessful because they were below the clearing price of $115.01.
$114.51		10,000	270,022
$114.05		10,000	280,022
$113.61		10,000	290,022
$113.02		1	290,023
$113.01		10,000	300,023
$112.02		1	300,024
$111.02		1	300,025
$110.13		1	300,026
$110.02		5	300,031
$110.00		2	300,033
$109.02		1	300,034
$108.02		1	300,035
$107.02		1	300,036
$107.00		8	300,044
$105.01		1	300,045
$105.00		10	300,055
$104.31		1,335	301,390
$104.00		500	301,890
$103.50		5,000	306,890
$103.31		1,000	307,890
$103.00		100	307,990
$102.66		5,000	312,990
$102.60		100,000	412,990
$102.50		100	413,090
$102.50		5,000	418,090
$102.02		10,000	428,090
$102.01		2,500	430,590
$102.00		5,000	435,590
$102.00		100	435,690
$102.00		500	436,190
$101.50		100	436,290
$101.12		10,000	446,290
$101.01		5,000	451,290
$101.00		92	451,382
$100.66		5,000	456,382
$100.50		100	456,482
$100.50		5,000	461,482
$100.02		20,000	481,482
$100.01		5,000	486,482
$100.00		5,000	491,482
$100.00		1	491,483
$100.00		100	491,583
$100.00		500	492,083
$100.00		3	492,086
$99.66		5,000	497,086
$99.50		100	497,186
$99.15		2,000	499,186
$99.10		10,000	509,186
$99.01		12,500	521,686
$99.00		6,000	527,686
$99.00		100	527,786
$98.77		1,169	528,955
$98.52		5,000	533,955
$98.50		100	534,055
$98.15		3,000	537,055
$98.10		10,000	547,055
$98.02		10,000	557,055
$98.01		15,000	572,055
$98.00		500	572,555
$97.15		4,000	576,555
$97.10		10,000	586,555
$97.01		25,000	611,555
$96.52		5,000	616,555
$96.50		1,100	617,655
$96.16		1,000	618,655
$96.15		5,000	623,655
$96.10		10,000	633,655
$96.02		10,000	643,655
$96.00		1,000	644,655
$95.15		6,000	650,655
$95.10		10,000	660,655
$95.00		1,289	661,944
$94.52		5,000	666,944
$94.21		10,000	676,944
$94.15		7,000	683,944
$94.02		10,000	693,944
$94.00		1,000	694,944
$93.15		8,000	702,944
$93.00		2,000	704,944
$92.15		9,000	713,944
$92.02		10,000	723,944
$92.00		1,000	724,944
$91.16		1,500	726,444
$91.15		10,000	736,444
$86.16		2,000	738,444
$71.16		3,000	741,444
$60.00		3,000	744,444
$56.91		22,653	767,097

*Awarded a partial fill of 39,978 out of 150,000 allowances bid for.

7-Year Auction Bids (First Usable in 2005)
Bids	Bidder's Name	Quantity	Total
$115.01	Cantor Fitzgerald	5,000	5,000
$114.53	Cantor Fitzgerald	5,000	10,000
$114.01	Cantor Fitzgerald	5,000	15,000
$113.51	Cantor Fitzgerald	5,000	20,000
$113.02	Maryland Environmental Law Society	1	20,001
$113.01	Cantor Fitzgerald	5,000	25,001
$112.51	Cantor Fitzgerald	10,000	35,001
$112.04	Cantor Fitzgerald	10,000	45,001
$112.02	Maryland Environmental Law Society	1	45,002
$111.37	Cantor Fitzgerald	10,000	55,002
$111.02	Maryland Environmental Law Society	1	55,003
$111.01	Cantor Fitzgerald	10,000	65,003
$110.51	Cantor Fitzgerald	10,000	75,003
$110.02	Maryland Environmental Law Society	1	75,004
$110.01	Cantor Fitzgerald	10,000	85,004
$110.00	Hatena Environmental Network Japan	1	85,005
$109.61	Cantor Fitzgerald	10,000	95,005
$109.01	Cantor Fitzgerald	10,000	105,005
$108.74	Cantor Fitzgerald	10,000	115,005
$108.30	Cantor Fitzgerald*	10,000	125,005
Bids below this line were unsuccessful because they were below the clearing price of $108.30.
$105.02		125,000	250,005
$103.86		5,000	255,005
$103.06		5,000	260,005
$102.86		4	260,009
$102.48		5,000	265,009
$101.54		5,000	270,009
$100.98		5,000	275,009
$100.69		5,000	280,009
$100.49		10,000	290,009
$100.21		10,000	300,009
$100.01		10,000	310,009
$99.87		10,000	320,009
$99.68		10,000	330,009
$99.59		10,000	340,009
$99.28		5,000	345,009
$98.99		5,000	350,009
$98.54		30,000	380,009
$98.27		30,000	410,009
$97.79		40,000	450,009
$97.66		5,000	455,009
$97.10		400	455,409
$97.01		5,000	460,409
$96.43		5,000	465,409
$95.66		5,000	470,409
$95.10		400	470,809
$94.29		5,000	475,809
$93.10		400	476,209
$91.23		5,000	481,209
$91.10		400	481,609
$91.05		10,000	491,609
$89.69		5,000	496,609
$89.21		10,000	506,609
$89.10		400	507,009
$87.00		2,000	509,009

*Awarded a partial fill of 9,995 out of 10,000 allowances bid for.

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.

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1998 SO2 Allowance Auction

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