Clean Air Markets

2011 SO2 Allowance Auction

Allowances Available for Auction
Origin of Allowances	Spot Auction (First Usable in 2011)	7-Year Advance Auction (First Usable in 2018)
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: 550,131	Successful: 16	Successful: 6	Highest: $66.67
Sold: 125,000	Unsuccessful: 14	Unsuccessful: 3	Clearing: $2.00 (the clearing price is the lowest price at which a successful bid was made)
	Total: 30	Total: 9	Lowest: $0.06
			Weighted Average of Winning Bids: $2.81

7-Year Advance Auction Results
Allowances	Number of Bids	Number of Bidders	Bid Price
Bid For: 375,160	Successful: 4	Successful: 4	Highest: $25.00
Sold: 125,000	Unsuccessful: 2	Unsuccessful: 2	Clearing: $0.16 (the clearing price is the lowest price at which a successful bid was made)
	Total: 6	Total: 6	Lowest: $0.08
			Weighted Average of Winning Bids: $0.17

Spot Auction Winners
Bidder's Name	Quantity	Percentage of Total Allowances	Amount Paid
Ohio Valley Electric Corporation	84,869	67.895	$207,238.00
Indianapolis Power & Light	40,000	32.000	$142,000.00
Acid Rain Retirement Fund	68	0.054	$448.80
Bates College Environmental Econ A	25	0.020	$112.50
Bates College Environmental Econ B	23	0.018	$95.89
University of Tampa Environmental Protection Coalition	15	0.012	$1,000.05
TOTALS	125,000	100%	$350,895.24

7-Year Advance Auction Winners
Bidder's Name	Quantity	Percentage of Total Allowances	Amount Paid
Evolution Markets	124,840	99.872	$19,974.40
Acid Rain Retirement Fund	100	0.080	$100.00
University of Tampa Environmental Protection Coalition	40	0.032	$1,000.00
Bates College Environmental Econ B	20	0.016	$42.40
TOTALS	125,000	100%	$21,116.80

Total Auction Proceeds: $372,012.04

Spot Bids (First Usable in 2011)
Bids	Bidder's Name	Quantity	Total
$66.67	University of Tampa Environmental Protection Coalition	15	15
$6.60	Acid Rain Retirement Fund	68	83
$4.55	Bates College Environmental Econ B	11	94
$4.50	Bates College Environmental Econ A	25	119
$4.43	Indianapolis Power & Light	5,000	5,119
$4.17	Indianapolis Power & Light	5,000	10,119
$3.93	Indianapolis Power & Light	5,000	15,119
$3.82	Bates College Environmental Econ B	12	15,131
$3.67	Indianapolis Power & Light	5,000	20,131
$3.43	Indianapolis Power & Light	5,000	25,131
$3.17	Indianapolis Power & Light	5,000	30,131
$3.00	Ohio Valley Electric Corporation	20,000	50,131
$2.93	Indianapolis Power & Light	5,000	55,131
$2.67	Indianapolis Power & Light	5,000	60,131
$2.50	Ohio Valley Electric Corporation	35,000	95,131
$2.00	Ohio Valley Electric Corporation*	35,000	130,131
Bids below this line were unsuccessful because they were below the clearing price of $2.00.
$1.80	LUME	15,000	145,131
$1.50	Ohio Valley Electric Corporation	25,000	170,131
$1.35	LUME	20,000	190,131
$1.00	Ohio Valley Electric Corporation	10,000	200,131
$0.98	Constellation Energy Commodities Group, Inc.	10,000	210,131
$0.90	LUME	30,000	240,131
$0.75	Constellation Energy Commodities Group, Inc.	25,000	265,131
$0.50	Constellation Energy Commodities Group, Inc.	25,000	290,131
$0.49	Constellation Energy Commodities Group, Inc.	20,000	310,131
$0.45	LUME	60,000	370,131
$0.31	Constellation Energy Commodities Group, Inc.	20,000	390,131
$0.28	Indianapolis Power & Light	10,000	400,131
$0.20	Constellation Energy Commodities Group, Inc.	25,000	425,131
$0.06	Evolution Markets	125,000	550,131

*Awarded a partial fill of 29,869 out of 35,000 allowances bid for.

7-Year Advance Bids (First Usable in 2018)
Bids	Bidder's Name	Quantity	Total
$25.00	University of Tampa Environmental Protection Coalition	40	40
$2.12	Bates College Environmental Econ B	20	60
$1.00	Acid Rain Retirement Fund	100	160
$0.16	Evolution Markets*	125,000	125,160
Bids below this line were unsuccessful because they were below the clearing price of $0.16.
$0.11	LUME	125,000	250,160
$0.08	Constellation Energy Commodities Group, Inc.	125,000	375,160

*Awarded a partial fill of 124,840 out of 125,000 allowances bid for.