2006 SO2 Allowance Auction
| Origin of Allowances | Spot Auction (First Usable in 2006) |
7-Year Advance Auction (First Usable in 2013) |
|---|---|---|
| EPA | 125,000 | 125,000 |
| Privately Offered | 0 | 0 |
| Total | 125,000 | 125,000 |
| Allowances | Number of Bids | Number of Bidders | Bid Price |
|---|---|---|---|
| Bid For: 367,434 | Successful: 36 | Successful: 14 | Highest: $1700.00 |
| Sold: 125,000 | Unsuccessful: 42 | Unsuccessful: 8 | Clearing: $860.07 (the clearing price is the lowest price at which a successful bid was made) |
| Total: 78 | Total: 22 | Lowest: $650.00 | |
| Weighted Average of Winning Bids: $883.10 |
| Allowances | Number of Bids | Number of Bidders | Bid Price |
|---|---|---|---|
| Bid For: 272,436 | Successful: 41 | Successful: 16 | Highest: $635.00 |
| Sold: 125,000 | Unsuccessful: 17 | Unsuccessful: 4 | Clearing: $241.67 (the clearing price is the lowest price at which a successful bid was made) |
| Total: 58 | Total: 20 | Lowest: $51.00 | |
| Weighted Average of Winning Bids: $275.13 |
| Bidder's Name | Quantity | Percentage of Total Allowances | Amount Paid |
|---|---|---|---|
| Morgan Stanley Capital Group | 70,000 | 56.000 | $62,071,600.00 |
| Edison Mission Marketing & Trading, Inc. | 15,000 | 12.000 | $13,462,500.00 |
| JP Morgan | 10,000 | 8.000 | $8,750,000.00 |
| Alpha | 10,000 | 8.000 | $8,725,000.00 |
| Evolution Markets LLC | 10,000 | 8.000 | $8,656,200.00 |
| Constellation Energy Commodities Group, Inc. | 4,888 | 3.910 | $4,242,622.16 |
| Grey K Environmental | 3,000 | 2.400 | $2,583,690.00 |
| South Carolina Public Service Authority | 1,000 | 0.800 | $875,000.00 |
| ARPA | 600 | 0.480 | $570,900.00 |
| SUEZ Energy Marketing NA, Inc. | 500 | 0.400 | $437,500.00 |
| Acid Rain Retirement Fund | 6 | 0.005 | $5,940.00 |
| Forest Investment Group, LLC | 3 | 0.002 | $2,700.00 |
| Clean Air Conservancy Charitable Trust | 2 | 0.002 | $3,400.00 |
| Maryland Environmental Law Society | 1 | 0.001 | $950.00 |
| TOTALS | 125,000 | 100% | $110,388,002.16 |
| Bidder's Name | Quantity | Percentage of Total Allowances | Amount Paid |
|---|---|---|---|
| Morgan Stanley Capital Group | 39,114 | 31.291 | $10,042,080.38 |
| Saracen Energy LP | 30,000 | 24.000 | $8,100,000.00 |
| JP Morgan | 30,000 | 24.000 | $8,400,000.00 |
| The Detroit Edison Company | 12,500 | 10.000 | $3,929,875.00 |
| Grey K Environmental | 10,000 | 8.000 | $2,630,000.00 |
| Missouri River Energy Services | 1,880 | 1.504 | $808,650.00 |
| Philomelus Ventures | 1,090 | 0.872 | $346,119.70 |
| ARPA | 400 | 0.320 | $129,000.00 |
| Green Country Energy, LLC | 8 | 0.006 | $2,800.00 |
| Bates College Environmental Economics | 2 | 0.002 | $768.00 |
| Fuchs, Wand, and Kenyon College Economics | 1 | 0.001 | $450.00 |
| University of Iowa Environmental Law Society | 1 | 0.001 | $425.00 |
| Clarkson University - ECO | 1 | 0.001 | $400.00 |
| University Wisconsin Parkside mission e | 1 | 0.001 | $340.00 |
| Creighton University Environmental Law Society | 1 | 0.001 | $310.00 |
| California Western School of Law Environmental Law Society | 1 | 0.001 | $247.10 |
| TOTALS | 125,000 | 100% | $34,391,465.18 |
Total Auction Proceeds: $144,779,467.34
| Bids | Bidder's Name | Quantity | Total |
|---|---|---|---|
| $1,700.00 | Clean Air Conservancy Charitable Trust | 2 | 2 |
| $1,026.00 | ARPA | 100 | 102 |
| $1,015.00 | ARPA | 100 | 202 |
| $990.00 | ARPA | 100 | 302 |
| $990.00 | Acid Rain Retirement Fund | 6 | 308 |
| $950.00 | Maryland Environmental Law Society | 1 | 309 |
| $920.00 | Forest Investment Group, LLC | 1 | 310 |
| $910.00 | Edison Mission Marketing & Trading, Inc. | 2,500 | 2,810 |
| $905.13 | Morgan Stanley Capital Group | 10,000 | 12,810 |
| $905.00 | Edison Mission Marketing & Trading, Inc. | 2,500 | 15,310 |
| $901.12 | Morgan Stanley Capital Group | 10,000 | 25,310 |
| $900.00 | ARPA | 100 | 25,410 |
| $900.00 | Forest Investment Group, LLC | 1 | 25,411 |
| $900.00 | Edison Mission Marketing & Trading, Inc. | 2,500 | 27,911 |
| $896.17 | Morgan Stanley Capital Group | 10,000 | 37,911 |
| $895.00 | Edison Mission Marketing & Trading, Inc. | 2,500 | 40,411 |
| $891.08 | Morgan Stanley Capital Group | 10,000 | 50,411 |
| $890.00 | Edison Mission Marketing & Trading, Inc. | 2,500 | 52,911 |
| $889.00 | ARPA | 200 | 53,111 |
| $885.00 | Edison Mission Marketing & Trading, Inc. | 2,500 | 55,611 |
| $881.32 | Morgan Stanley Capital Group | 10,000 | 65,611 |
| $880.00 | Forest Investment Group, LLC | 1 | 65,612 |
| $880.00 | Alpha | 2,500 | 68,112 |
| $875.13 | Constellation Energy Commodities Group, Inc. | 2,000 | 70,112 |
| $875.00 | South Carolina Public Service Authority | 1,000 | 71,112 |
| $875.00 | JP Morgan | 10,000 | 81,112 |
| $875.00 | SUEZ Energy Marketing NA, Inc. | 500 | 81,612 |
| $875.00 | Alpha | 2,500 | 84,112 |
| $870.62 | Evolution Markets LLC | 5,000 | 89,112 |
| $870.00 | Alpha | 2,500 | 91,612 |
| $868.55 | Constellation Energy Commodities Group, Inc. | 1,000 | 92,612 |
| $866.17 | Morgan Stanley Capital Group | 20,000 | 112,612 |
| $865.00 | Alpha | 2,500 | 115,112 |
| $861.23 | Grey K Environmental | 3,000 | 118,112 |
| $860.62 | Evolution Markets LLC | 5,000 | 123,112 |
| $860.07 | Constellation Energy Commodities Group, Inc.* | 3,500 | 126,612 |
Bids below this line were unsuccessful because they were below the clearing price of $860.07. |
|||
| $860.00 | Forest Investment Group, LLC | 1 | 126,613 |
| $860.00 | Alpha | 5,000 | 131,613 |
| $855.00 | Alpha | 5,000 | 136,613 |
| $851.13 | Morgan Stanley Capital Group | 25,000 | 161,613 |
| $851.10 | RMP | 100 | 161,713 |
| $850.62 | Evolution Markets LLC | 5,000 | 166,713 |
| $850.01 | CF Environmental | 250 | 166,963 |
| $850.00 | South Carolina Public Service Authority | 2,000 | 168,963 |
| $850.00 | Green Country Energy, LLC | 7 | 168,970 |
| $850.00 | Saracen Energy LP | 2,000 | 170,970 |
| $850.00 | JP Morgan | 10,000 | 180,970 |
| $850.00 | SUEZ Energy Marketing NA, Inc. | 500 | 181,470 |
| $845.09 | Constellation Energy Commodities Group, Inc. | 1,000 | 182,470 |
| $841.16 | Morgan Stanley Capital Group | 30,000 | 212,470 |
| $840.62 | Evolution Markets LLC | 5,000 | 217,470 |
| $840.00 | Forest Investment Group, LLC | 1 | 217,471 |
| $840.00 | Centaurus Energy | 11,000 | 228,471 |
| $831.99 | Constellation Energy Commodities Group, Inc. | 1,000 | 229,471 |
| $826.00 | Mirant | 10,000 | 239,471 |
| $825.00 | South Carolina Public Service Authority | 2,000 | 241,471 |
| $825.00 | Saracen Energy LP | 4,000 | 245,471 |
| $825.00 | JP Morgan | 10,000 | 255,471 |
| $820.00 | Forest Investment Group, LLC | 1 | 255,472 |
| $801.10 | RMP | 200 | 255,672 |
| $800.51 | Constellation Energy Commodities Group, Inc. | 6,500 | 262,172 |
| $800.00 | Forest Investment Group, LLC | 1 | 262,173 |
| $800.00 | South Carolina Public Service Authority | 3,000 | 265,173 |
| $800.00 | JP Morgan | 10,000 | 275,173 |
| $800.00 | Granite Ridge Energy LLC | 10 | 275,183 |
| $800.00 | TXU Portfolio Management Co. | 1,000 | 276,183 |
| $780.00 | Forest Investment Group, LLC | 1 | 276,184 |
| $776.00 | Mirant | 20,250 | 296,434 |
| $775.00 | South Carolina Public Service Authority | 3,000 | 299,434 |
| $775.00 | Saracen Energy LP | 6,000 | 305,434 |
| $775.00 | JP Morgan | 10,000 | 315,434 |
| $750.01 | CF Environmental | 1,000 | 316,434 |
| $750.00 | South Carolina Public Service Authority | 1,000 | 317,434 |
| $750.00 | JP Morgan | 10,000 | 327,434 |
| $725.00 | JP Morgan | 10,000 | 337,434 |
| $700.00 | JP Morgan | 10,000 | 347,434 |
| $675.00 | JP Morgan | 10,000 | 357,434 |
| $650.00 | JP Morgan | 10,000 | 367,434 |
*Awarded a partial fill of 1,888 out of 3,500 allowances bid for.
| Bids | Bidder's Name | Quantity | Total |
|---|---|---|---|
| $635.00 | Missouri River Energy Services | 475 | 475 |
| $525.00 | Missouri River Energy Services | 325 | 800 |
| $455.00 | Missouri River Energy Services | 80 | 880 |
| $450.00 | Fuchs, Wand, and Kenyon College Economics | 1 | 881 |
| $425.00 | University of Iowa Environmental Law Society | 1 | 882 |
| $401.00 | Bates College Environmental Economics | 1 | 883 |
| $400.00 | Clarkson University - ECO | 1 | 884 |
| $367.00 | Bates College Environmental Economics | 1 | 885 |
| $364.58 | Philomelus Ventures | 85 | 970 |
| $360.00 | ARPA | 200 | 1,170 |
| $350.08 | Philomelus Ventures | 85 | 1,255 |
| $350.00 | Green Country Energy, LLC | 8 | 1,263 |
| $340.00 | University Wisconsin Parkside mission e | 1 | 1,264 |
| $337.58 | Philomelus Ventures | 120 | 1,384 |
| $337.15 | The Detroit Edison Company | 1,000 | 2,384 |
| $332.15 | The Detroit Edison Company | 1,000 | 3,384 |
| $327.15 | The Detroit Edison Company | 2,000 | 5,384 |
| $325.08 | Philomelus Ventures | 250 | 5,634 |
| $322.15 | The Detroit Edison Company | 2,500 | 8,134 |
| $312.58 | Philomelus Ventures | 260 | 8,394 |
| $310.15 | The Detroit Edison Company | 2,000 | 10,394 |
| $310.00 | Creighton University Environmental Law Society | 1 | 10,395 |
| $300.15 | The Detroit Edison Company | 2,000 | 12,395 |
| $300.08 | Philomelus Ventures | 135 | 12,530 |
| $300.00 | Missouri River Energy Services | 1,000 | 13,530 |
| $300.00 | JP Morgan | 10,000 | 23,530 |
| $290.15 | The Detroit Edison Company | 2,000 | 25,530 |
| $290.00 | Saracen Energy LP | 10,000 | 35,530 |
| $285.00 | ARPA | 200 | 35,730 |
| $280.08 | Philomelus Ventures | 75 | 35,805 |
| $280.00 | JP Morgan | 10,000 | 45,805 |
| $273.00 | Grey K Environmental | 5,000 | 50,805 |
| $271.37 | Morgan Stanley Capital Group | 10,000 | 60,805 |
| $261.27 | Morgan Stanley Capital Group | 10,000 | 70,805 |
| $260.08 | Philomelus Ventures | 80 | 70,885 |
| $260.00 | Saracen Energy LP | 20,000 | 90,885 |
| $260.00 | JP Morgan | 10,000 | 100,885 |
| $253.00 | Grey K Environmental | 5,000 | 105,885 |
| $251.31 | Morgan Stanley Capital Group | 10,000 | 115,885 |
| $247.10 | California Western School of Law Environmental Law Society | 1 | 115,886 |
| $241.67 | Morgan Stanley Capital Group* | 10,000 | 125,886 |
Bids below this line were unsuccessful because they were below the clearing price of $241.67. |
|||
| $240.08 | Philomelus Ventures | 210 | 126,096 |
| $240.00 | JP Morgan | 10,000 | 136,096 |
| $235.07 | CGC Investments | 1,000 | 137,096 |
| $233.00 | Grey K Environmental | 5,000 | 142,096 |
| $231.14 | Morgan Stanley Capital Group | 30,000 | 172,096 |
| $226.00 | Andromeda Global Credit Fund | 1,000 | 173,096 |
| $220.00 | Saracen Energy LP | 20,000 | 193,096 |
| $220.00 | JP Morgan | 10,000 | 203,096 |
| $213.00 | Grey K Environmental | 5,000 | 208,096 |
| $201.67 | Morgan Stanley Capital Group | 55,000 | 263,096 |
| $186.27 | JHMII | 1,000 | 264,096 |
| $180.08 | Philomelus Ventures | 140 | 264,236 |
| $175.00 | CF Environmental | 1,000 | 265,236 |
| $125.08 | Philomelus Ventures | 200 | 265,436 |
| $101.63 | JHMII | 1,000 | 266,436 |
| $101.61 | CGC Investments | 1,000 | 267,436 |
| $51.00 | CF Environmental | 5,000 | 272,436 |
*Awarded a partial fill of 9,114 out of 10,000 allowances bid for.
The 2006 Auction Proceeds Spreadsheet (XLS)(5 pp, 46 K) provides the same results. Download an Excel viewer. Exit