1996 SO2 Allowance 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)
- Allowances
- Bid For: 911,735
- Sold: 150,000
- Number of Bids
- Successful: 47
- Unsuccessful: 92
- Total: 139
- Number of Bidders
- Successful: 29
- Unsuccessful: 13
- Total: 42
- 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.
6-Year Advance Auction Results (First Usable in 2002)
- Allowances
- Bid For: 148,026
- Sold: 25,000
- Number of Bids
- Successful: 9
- Unsuccessful: 25
- Total: 34
- Number of Bidders
- Successful: 4
- Unsuccessful: 5
- Total: 9
- 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.
7-Year Auction Results (First Usable in 2003)
- Allowances
- Bid For: 404,634
- Sold: 100,000
- Number of Bids
- Successful: 25
- Unsuccessful: 67
- Total: 92
- Number of Bidders
- Successful: 11
- Unsuccessful: 9
- Total: 20
- 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)(2 pp, 10 MB) provides auction proceeds at the unit and plant level for each year. Download an Excel viewer. Exit