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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)(2 pp, 10 MB)  provides auction proceeds at the unit and plant level for each year. Download an Excel viewer. Exit

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