Skip to main content
U.S. flag

An official website of the United States government

Here’s how you know

Dot gov

Official websites use .gov
A .gov website belongs to an official government organization in the United States.

HTTPS

Secure .gov websites use HTTPS
A lock (LockA locked padlock) or https:// means you’ve safely connected to the .gov website. Share sensitive information only on official, secure websites.

    • Environmental Topics
    • Air
    • Bed Bugs
    • Cancer
    • Chemicals, Toxics, and Pesticide
    • Emergency Response
    • Environmental Information by Location
    • Health
    • Land, Waste, and Cleanup
    • Lead
    • Mold
    • Radon
    • Research
    • Science Topics
    • Water Topics
    • A-Z Topic Index
    • Laws & Regulations
    • By Business Sector
    • By Topic
    • Compliance
    • Enforcement
    • Laws and Executive Orders
    • Regulations
    • Report a Violation
    • Environmental Violations
    • Fraud, Waste or Abuse
    • About EPA
    • Our Mission and What We Do
    • Headquarters Offices
    • Regional Offices
    • Labs and Research Centers
    • Planning, Budget, and Results
    • Organization Chart
    • EPA History

Breadcrumb

  1. Home
  2. Clean Air Power Sector Programs

2008 SO2 Allowance Auction

Allowances Available for Auction
Origin of Allowances Spot Auction
(First Usable in 2008)
7-Year Advance Auction
(First Usable in 2015)
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: 599,370 Successful: 52 Successful: 17 Highest: $651.00
Sold: 125,000 Unsuccessful: 44 Unsuccessful: 2 Clearing: $380.01
(the clearing price is the lowest price at which a successful bid was made)
  Total: 96 Total: 19 Lowest: $0.27
      Weighted Average of Winning Bids: $389.91
7-Year Advance Auction Results
Allowances Number of Bids Number of Bidders Bid Price
Bid For: 1,143,816 Successful: 16 Successful: 10 Highest: $400.00
Sold: 125,000 Unsuccessful: 46 Unsuccessful: 10 Clearing: $131.50
(the clearing price is the lowest price at which a successful bid was made)
  Total: 62 Total: 20 Lowest: $0.27
      Weighted Average of Winning Bids: $136.14
Spot Auction Winners
Bidder's Name Quantity Percentage of Total Allowances Amount Paid
KS & T, LP 45,000 36.000 $17,245,000.00
Constellation Energy Commodities Group, Inc. 27,500 22.000 $10,701,375.00
LUME 18,723 14.978 $7,487,813.31
Merrill Lynch Commodities Inc. 10,000 8.000 $3,975,700.00
The Detroit Edison Company 6,500 5.200 $2,582,645.00
Cantor Fitzgerald Brokerage 6,000 4.800 $2,355,360.00
Bear Energy LP 3,995 3.196 $1,565,704.95
Louis Dreyfus Energy Services L.P. 2,500 2.000 $955,025.00
Fortis Energy Marketing & Trading 2,000 1.600 $790,000.00
TransAlta Energy Marketing (U.S.) 2,000 1.600 $775,040.00
DigiLog Global Environmental 750 0.600 $288,750.00
Acid Rain Retirement Fund 10 0.008 $4,780.00
CAC Charitable Trust 10 0.008 $4,300.00
Green Country Energy, LLC 8 0.006 $5,208.00
Ithaca College - Campaign For Ithaca`s Air 2 0.002 $1,046.00
Bates College Environmental Economics 1 0.001 $463.00
AEM 250 Cornell University 2008 1 0.001 $455.00
TOTALS 125,000 100% $48,738,665.26
7-Year Advance Auction Winners
Bidder's Name Quantity Percentage 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, LLC 8 0.006 $2,808.00
Rutgers Prep School Environmental Club 2 0.002 $490.00
Clarkson University - ECO 1 0.001 $400.00
Reed College 1 0.001 $389.00
Cochran Grandchildren Environmentalists 1 0.001 $200.00
Bates College Environmental Economics 1 0.001 $155.00
Cornell University - AEM 451/Econ 409 1 0.001 $143.69
University of Wisconsin Environmental Economics 343 1 0.001 $140.80
TOTALS 125,000 100% $17,017,223.99

Total Auction Proceeds: $65,755,889.25

Spot Bids (First Usable in 2008)
Bids Bidder's Name Quantity Total
$651.00 Green Country Energy, LLC 8 8
$523.00 Ithaca College - Campaign For Ithaca`s Air 2 10
$478.00 Acid Rain Retirement Fund 10 20
$463.00 Bates College Environmental Economics 1 21
$455.00 AEM 250 Cornell University 2008 1 22
$430.00 CAC Charitable Trust 10 32
$415.07 Merrill Lynch Commodities Inc. 2,500 2,532
$409.33 The Detroit Edison Company 500 3,032
$407.67 LUME 1,311 4,343
$406.33 The Detroit Edison Company 500 4,843
$406.12 LUME 2,247 7,090
$405.06 Cantor Fitzgerald Brokerage 1,000 8,090
$405.03 Bear Energy LP 1,000 9,090
$403.33 The Detroit Edison Company 500 9,590
$402.67 LUME 5,055 14,645
$401.12 LUME 5,055 19,700
$400.33 The Detroit Edison Company 1,000 20,700
$400.07 Merrill Lynch Commodities Inc. 2,500 23,200
$400.06 Cantor Fitzgerald Brokerage 1,000 24,200
$400.05 Constellation Energy Commodities Group, Inc. 2,500 26,700
$400.00 Fortis Energy Marketing & Trading 1,000 27,700
$397.55 Constellation Energy Commodities Group, Inc. 2,500 30,200
$397.33 The Detroit Edison Company 1,000 31,200
$395.67 LUME 2,247 33,447
$395.06 Cantor Fitzgerald Brokerage 1,000 34,447
$395.05 Constellation Energy Commodities Group, Inc. 2,500 36,947
$395.04 Bear Energy LP 1,500 38,447
$395.02 TransAlta Energy Marketing (U.S.) 500 38,947
$394.33 The Detroit Edison Company 1,500 40,447
$392.55 Constellation Energy Commodities Group, Inc. 2,500 42,947
$391.00 KS & T, LP 10,000 52,947
$390.07 Merrill Lynch Commodities Inc. 2,500 55,447
$390.06 Cantor Fitzgerald Brokerage 1,000 56,447
$390.05 Constellation Energy Commodities Group, Inc. 5,000 61,447
$390.02 TransAlta Energy Marketing (U.S.) 500 61,947
$390.01 Louis Dreyfus Energy Services L.P. 500 62,447
$390.00 Fortis Energy Marketing & Trading 1,000 63,447
$389.33 The Detroit Edison Company 1,500 64,947
$387.67 LUME 2,808 67,755
$387.55 Constellation Energy Commodities Group, Inc. 2,500 70,255
$385.07 Merrill Lynch Commodities Inc. 2,500 72,755
$385.06 Cantor Fitzgerald Brokerage 1,000 73,755
$385.05 Constellation Energy Commodities Group, Inc. 2,500 76,255
$385.02 TransAlta Energy Marketing (U.S.) 500 76,755
$385.00 DigiLog Global Environmental 750 77,505
$382.55 Constellation Energy Commodities Group, Inc. 2,500 80,005
$381.00 KS & T, LP 35,000 115,005
$380.06 Cantor Fitzgerald Brokerage 1,000 116,005
$380.05 Constellation Energy Commodities Group, Inc. 5,000 121,005
$380.02 TransAlta Energy Marketing (U.S.) 500 121,505
$380.01 Louis Dreyfus Energy Services L.P. 2,000 123,505
$380.01 Bear Energy LP* 5,000 128,505

Bids below this line were unsuccessful because they were below the clearing price of $380.01.
 
$380.00 Fortis Energy Marketing & Trading 1,000 129,505
$376.00 KS & T, LP 10,000 139,505
$375.03 Bear Energy LP 7,500 147,005
$375.03 LUME 1,365 148,370
$375.02 TransAlta Energy Marketing (U.S.) 750 149,120
$372.55 Constellation Energy Commodities Group, Inc. 1,000 150,120
$370.02 TransAlta Energy Marketing (U.S.) 750 150,870
$370.01 Louis Dreyfus Energy Services L.P. 4,000 154,870
$370.00 Fortis Energy Marketing & Trading 1,000 155,870
$367.55 Constellation Energy Commodities Group, Inc. 1,000 156,870
$366.00 KS & T, LP 10,000 166,870
$365.02 TransAlta Energy Marketing (U.S.) 750 167,620
$362.55 Constellation Energy Commodities Group, Inc. 1,000 168,620
$360.02 TransAlta Energy Marketing (U.S.) 750 169,370
$360.01 Louis Dreyfus Energy Services L.P. 9,000 178,370
$360.00 Fortis Energy Marketing & Trading 1,000 179,370
$357.55 Constellation Energy Commodities Group, Inc. 1,000 180,370
$355.02 Bear Energy LP 20,000 200,370
$355.02 TransAlta Energy Marketing (U.S.) 750 201,120
$352.55 Constellation Energy Commodities Group, Inc. 1,000 202,120
$350.05 Constellation Energy Commodities Group, Inc. 5,000 207,120
$350.02 TransAlta Energy Marketing (U.S.) 750 207,870
$350.01 Louis Dreyfus Energy Services L.P. 16,000 223,870
$350.00 Fortis Energy Marketing & Trading 1,000 224,870
$345.02 TransAlta Energy Marketing (U.S.) 750 225,620
$340.02 TransAlta Energy Marketing (U.S.) 750 226,370
$340.00 Fortis Energy Marketing & Trading 1,000 227,370
$330.02 TransAlta Energy Marketing (U.S.) 1,000 228,370
$330.01 Bear Energy LP 25,000 253,370
$330.00 Fortis Energy Marketing & Trading 1,000 254,370
$320.02 TransAlta Energy Marketing (U.S.) 1,000 255,370
$320.00 Fortis Energy Marketing & Trading 1,000 256,370
$317.50 MPA 1,000 257,370
$310.01 Bear Energy LP 30,000 287,370
$310.00 Fortis Energy Marketing & Trading 1,000 288,370
$300.00 Fortis Energy Marketing & Trading 1,000 289,370
$220.50 MPA 1,000 290,370
$200.02 Bear Energy LP 35,000 325,370
$107.10 MPA 2,000 327,370
$100.01 Louis Dreyfus Energy Services L.P. 5,000 332,370
$52.50 MPA 2,000 334,370
$6.30 MPA 40,000 374,370
$3.10 Shell Energy North America (US), L.P. 125,000 499,370
$0.27 MPA 100,000 599,370

*Awarded a partial fill of 1,495 out of 5,000 allowances bid for.

7-Year Advance Bids (First Usable in 2015)
Bids Bidder's Name Quantity Total
$400.00 Clarkson University - ECO 1 1
$389.00 Reed College 1 2
$351.00 Green Country Energy, LLC 8 10
$245.00 Rutgers Prep School Environmental Club 2 12
$200.00 Cochran Grandchildren Environmentalists 1 13
$155.00 Bates College Environmental Economics 1 14
$143.69 Cornell University - AEM 451/Econ 409 1 15
$140.80 University of Wisconsin Environmental Economics 343 1 16
$140.00 Dominion Energy Marketing, Inc. 19,122 19,138
$140.00 Virginia Electric and Power Co. 12,500 31,638
$137.50 Dominion Energy Marketing, Inc. 19,122 50,760
$137.50 Virginia Electric and Power Co. 12,500 63,260
$135.25 Dominion Energy Marketing, Inc. 19,122 82,382
$135.25 Virginia Electric and Power Co. 12,500 94,882
$131.50 Virginia Electric and Power Co. 11,912 106,794
$131.50 Dominion Energy Marketing, Inc.* 18,222 125,016

Bids below this line were unsuccessful because they were below the clearing price of $131.50
 
$129.50 Credit Suisse Energy LLC 2,500 127,516
$126.50 Credit Suisse Energy LLC 5,000 132,516
$125.40 DTE 4,700 137,216
$122.10 DTE 4,700 141,916
$121.50 Credit Suisse Energy LLC 5,000 146,916
$120.01 Louis Dreyfus Energy Services L.P. 5,000 151,916
$120.00 Credit Suisse Energy LLC 5,000 156,916
$118.80 DTE 4,700 161,616
$117.17 Olduvai Gorge 10,000 171,616
$115.50 DTE 4,700 176,316
$115.06 Cantor Fitzgerald Brokerage 2,500 178,816
$115.00 Credit Suisse Energy LLC 10,000 188,816
$112.20 DTE 4,700 193,516
$111.17 Olduvai Gorge 10,000 203,516
$110.06 Cantor Fitzgerald Brokerage 2,500 206,016
$110.00 Credit Suisse Energy LLC 25,000 231,016
$108.90 DTE 4,700 235,716
$107.01 Louis Dreyfus Energy Services L.P. 10,000 245,716
$105.60 DTE 4,700 250,416
$105.17 Olduvai Gorge 10,000 260,416
$105.06 Cantor Fitzgerald Brokerage 2,500 262,916
$105.00 Credit Suisse Energy LLC 25,000 287,916
$102.30 DTE 4,700 292,616
$100.06 Cantor Fitzgerald Brokerage 2,500 295,116
$100.01 Louis Dreyfus Energy Services L.P. 20,000 315,116
$100.00 Credit Suisse Energy LLC 25,000 340,116
$99.17 Olduvai Gorge 19,000 359,116
$99.00 DTE 4,700 363,816
$93.17 Olduvai Gorge 19,000 382,816
$90.01 Louis Dreyfus Energy Services L.P. 40,000 422,816
$90.00 Credit Suisse Energy LLC 22,500 445,316
$87.17 Olduvai Gorge 19,000 464,316
$85.01 Bear Energy LP 10,000 474,316
$81.17 Olduvai Gorge 16,000 490,316
$75.02 Bear Energy LP 10,000 500,316
$75.00 KS & T, LP 50,000 550,316
$55.01 Bear Energy LP 20,000 570,316
$45.03 Bear Energy LP 25,000 595,316
$30.00 Morgan Stanley 50,000 645,316
$20.00 Morgan Stanley 50,000 695,316
$10.00 Morgan Stanley 25,000 720,316
$6.01 Louis Dreyfus Energy Services L.P. 50,000 770,316
$5.01 Bear Energy LP 60,000 830,316
$3.10 Shell Energy North America (US), L.P. 125,000 955,316
$1.01 Louis Dreyfus Energy Services L.P. 88,500 1,043,816
$0.27 MPA 100,000 1,143,816

*Awarded a partial fill of 18,206 out of 18,222 allowances bid for.

The 2008 Auction Proceeds Spreadsheet (xls) (54 KB)  provides the same results. Download an Excel viewer.

« Return to the directory of annual auctions listed by year

Clean Air Power Sector Programs

  • Basic Info & Site Map
  • Electric Power Sector Basics
    • Power Sector Evolution
    • Health & Environmental Impacts
    • Power Sector Programs
  • Programs & Progress
    • Progress Report
      • Program Basics
      • Emissions Reductions
      • Emissions Controls & Monitoring
      • Program Compliance & Market Activity
      • Air Quality
      • Acid Deposition
      • Ecosystem Response
    • Power Plant Emissions Reductions
    • Latest Emission Comparisons
  • Program Implementation
  • Data & Tools
    • Power Sector Data
    • Summary Data
    • Allowance Data
    • Environmental Monitoring
Contact Us About Clean Air Power Sector Programs
Contact Us to ask a question, provide feedback, or report a problem.
Last updated on March 4, 2025
  • Assistance
  • Spanish
  • Arabic
  • Chinese (simplified)
  • Chinese (traditional)
  • French
  • Haitian Creole
  • Korean
  • Portuguese
  • Russian
  • Tagalog
  • Vietnamese
United States Environmental Protection Agency

Discover.

  • Accessibility Statement
  • Budget & Performance
  • Contracting
  • EPA www Web Snapshot
  • Grants
  • No FEAR Act Data
  • Plain Writing
  • Privacy
  • Privacy and Security Notice

Connect.

  • Data
  • Inspector General
  • Jobs
  • Newsroom
  • Regulations.gov
  • Subscribe
  • USA.gov
  • White House

Ask.

  • Contact EPA
  • EPA Disclaimers
  • Hotlines
  • FOIA Requests
  • Frequent Questions
  • Site Feedback

Follow.