An official website of the United States government.

This is not the current EPA website. To navigate to the current EPA website, please go to www.epa.gov. This website is historical material reflecting the EPA website as it existed on January 19, 2021. This website is no longer updated and links to external websites and some internal pages may not work. More information »

Clean Air Markets

2009 SO2 Allowance Auction

Allowances Available for Auction
Origin of Allowances Spot Auction
(First Usable in 2009)
7-Year Advance Auction
(First Usable in 2016)
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: 892,343 Successful: 18 Successful: 11 Highest: $500.00
Sold: 125,000 Unsuccessful: 59 Unsuccessful: 11 Clearing: $62.00
(the clearing price is the lowest price at which a successful bid was made)
  Total: 77 Total: 22 Lowest: $0.06
      Weighted Average of Winning Bids: $69.74
7-Year Advance Auction Results
Allowances Number of Bids Number of Bidders Bid Price
Bid For: 624,916 Successful: 6 Successful: 6 Highest: $200.00
Sold: 125,000 Unsuccessful: 19 Unsuccessful: 9 Clearing: $6.63
(the clearing price is the lowest price at which a successful bid was made)
  Total: 25 Total: 15 Lowest: $1.03
      Weighted Average of Winning Bids: $6.65
Spot Auction Winners
Bidder's Name Quantity Percentage of Total Allowances Amount Paid
Ohio Valley Electric Corporation 75,000 60.000 $5,414,500.00
EMMT 48,415 38.732 $3,181,730.00
Macquarie Cook Power Inc. 1,500 1.200 $98,295.00
Denver City Energy Associates 60 0.048 $18,000.00
Acid Rain Retirement Fund 10 0.008 $770.00
Green Country Energy, LLC 8 0.006 $2,928.00
M. M. Latham & Family 3 0.002 $225.00
University of Tampa Environmental Protection Coalition 1 0.001 $500.00
Society of Environmental Engineers 1 0.001 $400.00
Bates College Environmental Econ A 1 0.001 $85.76
Bates College Environmental Econ B 1 0.001 $73.01
TOTALS 125,000 100% $8,717,506.77
7-Year Advance Auction Winners
Bidder's Name Quantity Percentage of Total Allowances Amount Paid
JP Morgan Ventures Energy Corporation 124,984 99.987 $828,643.92
Green Country Energy, LLC 8 0.006 $1,328.00
University of Tampa Environmental Protection Coalition 3 0.002 $600.00
Rutgers Prep School Environmental Club 3 0.002 $495.00
Bates College Environmental Econ A 1 0.001 $40.65
Bates College Environmental Econ B 1 0.001 $32.28
TOTALS 125,000 100% $831,139.85

Total Auction Proceeds: $9,548,646.62

Spot Bids (First Usable in 2009)
Bids Bidder's Name Quantity Total
$500.00 University of Tampa Environmental Protection Coalition 1 1
$400.00 Society of Environmental Engineers 1 2
$366.00 Green Country Energy, LLC 8 10
$300.00 Denver City Energy Associates 60 70
$85.76 Bates College Environmental Econ A 1 71
$80.00 Ohio Valley Electric Corporation 5,000 5,071
$77.00 Acid Rain Retirement Fund 10 5,081
$76.85 Ohio Valley Electric Corporation 15,000 20,081
$75.00 M. M. Latham & Family 3 20,084
$73.85 Ohio Valley Electric Corporation 15,000 35,084
$73.01 Bates College Environmental Econ B 1 35,085
$70.85 Ohio Valley Electric Corporation 20,000 55,085
$68.00 EMMT 20,000 75,085
$66.85 Ohio Valley Electric Corporation 20,000 95,085
$66.00 EMMT 10,000 105,085
$65.53 Macquarie Cook Power Inc. 1,500 106,585
$64.00 EMMT 10,000 116,585
$62.00 EMMT* 10,000 126,585

Bids below this line were unsuccessful because they were below the clearing price of $62.00.

EPA rules state that in the event two identical bids are submitted that would exhaust all remaining allowances, the auction Administrator shall allocate all allowances to one of the bidders by lottery.
 
$62.00 NRG Power Marketing LLC 3,000 129,585
$61.00 Ohio Valley Electric Corporation 5,000 134,585
$60.53 Macquarie Cook Power Inc. 1,500 136,085
$60.00 EMMT 10,000 146,085
$57.51 Element Markets, LLC 1,683 147,768
$57.12 Olduvai Gorge 3,000 150,768
$55.53 Macquarie Cook Power Inc. 1,500 152,268
$55.03 Element Markets, LLC 1,200 153,468
$55.00 EMMT 20,000 173,468
$53.00 NRG Power Marketing LLC 6,000 179,468
$52.51 Element Markets, LLC 500 179,968
$52.12 Olduvai Gorge 4,000 183,968
$51.00 NRG Power Marketing LLC 8,000 191,968
$50.53 Macquarie Cook Power Inc. 1,250 193,218
$50.00 Cantor Fitzgerald 2,800 196,018
$50.00 Louis Dreyfus Energy Services L.P. 2,500 198,518
$50.00 Cantor Fitzgerald 2,200 200,718
$49.67 JP Morgan Ventures Energy Corporation 10,000 210,718
$47.26 Morgan Stanley Capital Group, Inc. 5,000 215,718
$47.12 Olduvai Gorge 6,000 221,718
$45.53 Macquarie Cook Power Inc. 1,250 222,968
$45.00 Cantor Fitzgerald 2,800 225,768
$45.00 Cantor Fitzgerald 2,200 227,968
$44.00 NRG Power Marketing LLC 8,000 235,968
$42.12 Olduvai Gorge 10,000 245,968
$41.00 Ohio Valley Electric Corporation 10,000 255,968
$40.53 Macquarie Cook Power Inc. 1,250 257,218
$40.08 Morgan Stanley Capital Group, Inc. 15,000 272,218
$40.00 Cantor Fitzgerald 2,800 275,018
$40.00 Cantor Fitzgerald 2,200 277,218
$37.50 Louis Dreyfus Energy Services L.P. 5,000 282,218
$37.12 Olduvai Gorge 10,000 292,218
$35.53 Macquarie Cook Power Inc. 1,500 293,718
$35.00 Cantor Fitzgerald 2,800 296,518
$35.00 Cantor Fitzgerald 2,200 298,718
$34.71 JP Morgan Ventures Energy Corporation 10,000 308,718
$30.03 Natsource Aeolus Fund II Master Fund Ltd. 5,000 313,718
$27.13 MET 20,000 333,718
$25.06 Natsource Aeolus Fund II Master Fund Ltd. 12,500 346,218
$25.00 Louis Dreyfus Energy Services L.P. 10,000 356,218
$23.31 LUME 12,500 368,718
$23.13 MET 15,425 384,143
$21.02 Natsource Aeolus Fund II Master Fund Ltd. 22,500 406,643
$20.02 Element Markets, LLC 10,000 416,643
$20.00 Louis Dreyfus Energy Services L.P. 15,000 431,643
$18.33 JP Morgan Ventures Energy Corporation 15,000 446,643
$17.22 LUME 12,500 459,143
$15.02 Element Markets, LLC 15,000 474,143
$15.00 Louis Dreyfus Energy Services L.P. 20,000 494,143
$10.03 Element Markets, LLC 8,200 502,343
$10.00 Louis Dreyfus Energy Services L.P. 25,000 527,343
$7.97 LUME 12,500 539,843
$6.31 LUME 12,500 552,343
$5.86 JP Morgan Ventures Energy Corporation 35,000 587,343
$5.77 Credit Suisse Energy LLC 125,000 712,343
$3.11 LUME 25,000 737,343
$2.68 JP Morgan Ventures Energy Corporation 55,000 792,343
$1.00 LUME 50,000 842,343
$0.06 Element Markets, LLC 50,000 892,343

*Awarded a partial fill of 8,415 out of 10,000 allowances bid for.

7-Year Advance Bids (First Usable in 2016)
Bids Bidder's Name Quantity Total
$200.00 University of Tampa Environmental Protection Coalition 3 3
$166.00 Green Country Energy, LLC 8 11
$165.00 Rutgers Prep School Environmental Club 3 14
$40.65 Bates College Environmental Econ A 1 15
$32.28 Bates College Environmental Econ B 1 16
$6.63 JP Morgan Ventures Energy Corporation* 125,000 125,016

Bids below this line were unsuccessful because they were below the clearing price of $6.63.
 
$6.20 Barclays Bank PLC 10,000 135,016
$6.06 Morgan Stanley Capital Group, Inc. 10,000 145,016
$5.30 Evolution Markets 5,000 150,016
$5.20 Barclays Bank PLC 50,000 200,016
$5.17 Morgan Stanley Capital Group, Inc. 25,000 225,016
$5.05 DTE 10,000 235,016
$5.03 MET 20,000 255,016
$4.30 Evolution Markets 5,000 260,016
$4.25 Morgan Stanley Capital Group, Inc. 25,000 285,016
$4.20 Barclays Bank PLC 65,000 350,016
$4.05 DTE 10,000 360,016
$3.30 Evolution Markets 5,000 365,016
$2.54 Natsource Aeolus Fund II Master Fund Ltd. 25,000 390,016
$2.23 Credit Suisse Energy LLC 125,000 515,016
$2.05 Element Markets, LLC 30,000 545,016
$2.00 LUME 12,500 557,516
$1.30 Evolution Markets 10,000 567,516
$1.05 Evolution Markets 20,000 587,516
$1.03 Element Markets, LLC 37,400 624,916

*Awarded a partial fill of 124,984 out of 125,000 allowances bid for.

The 2009 Auction Proceeds Spreadsheet (XLS)(5 pp, 79 K) provides the same results. Download an Excel viewer. Exit

Return to the directory of annual auctions listed by year »

Top of Page