2005 SO2 Allowance Auction
| Origin of Allowances | Spot Auction (First Usable in 2005) |
7-Year Advance Auction (First Usable in 2012) |
|---|---|---|
| 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: 439,987 | Successful: 25 | Successful: 17 | Highest: $750.00 |
| Sold: 125,000 | Unsuccessful: 90 | Unsuccessful: 14 | Clearing: $690.00 (the clearing price is the lowest price at which a successful bid was made) |
| Total: 115 | Total: 31 | Lowest: $300.00 | |
| Weighted Average of Winning Bids: $702.51 |
| Allowances | Number of Bids | Number of Bidders | Bid Price |
|---|---|---|---|
| Bid For: 327,324 | Successful: 21 | Successful: 6 | Highest: $350.00 |
| Sold: 125,000 | Unsuccessful: 14 | Unsuccessful: 5 | Clearing: $260.00 (the clearing price is the lowest price at which a successful bid was made) |
| Total: 35 | Total: 11 | Lowest: $130.00 | |
| Weighted Average of Winning Bids: $297.49 |
| Bidder's Name | Quantity | Percentage of Total Allowances | Amount Paid |
|---|---|---|---|
| Ameren Energy Generating Co. | 40,000 | 32.000 | $28,334,800.00 |
| Man Financial, Inc. | 24,000 | 19.200 | $16,704,240.00 |
| Morgan Stanley | 20,000 | 16.000 | $14,200,000.00 |
| Alpha | 15,000 | 12.000 | $10,387,500.00 |
| Edison Mission Marketing & Trading, Inc. | 13,089 | 10.471 | $9,061,410.00 |
| Ameren Energy Resources Generating Co. | 5,000 | 4.000 | $3,656,850.00 |
| Aquila | 5,000 | 4.000 | $3,455,350.00 |
| Duke Power | 2500 | 2.000 | $1,725,250.00 |
| Cedar Falls Utilities | 300 | 0.240 | $209,103.00 |
| ARPA | 100 | 0.080 | $71,000.00 |
| Acid Rain Retirement Fund | 5 | 0.004 | $3,625.00 |
| Hobart and William Smith Colleges | 1 | 0.001 | $703.00 |
| AEM 250 Cornell Univ 2005 | 1 | 0.001 | $710.00 |
| AEM 451/ECON 409 Cornell Univ 2005 | 1 | 0.001 | $710.00 |
| Bates and Colby Environmental Economics and ES 211 | 1 | 0.001 | $724.00 |
| Fordham Environmental Law Advocates | 1 | 0.001 | $750.00 |
| Maryland Environmental Law Society | 1 | 0.001 | $750.00 |
| TOTALS | 125,000 | 100% | $87,813,475.00 |
| Bidder's Name | Quantity | Percentage of Total Allowances |
Amount Paid |
|---|---|---|---|
| American Electric Power | 56,999 | 45.599 | $17,369,740.00 |
| CSFB Energy, LLC | 30,000 | 24.000 | $9,300,000.00 |
| Aquila | 20,000 | 16.000 | $5,521,400.00 |
| The Detroit Edison Company | 17,000 | 13.600 | $4,688,210.00 |
| ARPA | 1,000 | 0.800 | $306,000.00 |
| Creighton University Environmental Law Society | 1 | 0.001 | $350.00 |
| TOTALS | 125,000 | 100% | $37,185,700.00 |
Total Auction Proceeds: $124,999,175.00
| Bids | Bidder's Name | Quantity | Total |
|---|---|---|---|
| $750.00 | Maryland Environmental Law Society | 1 | 1 |
| $750.00 | Fordham Environmental Law Advocates | 1 | 2 |
| $731.37 | Ameren Energy Resources Generating Co. | 5,000 | 5,002 |
| $726.37 | Ameren Energy Generating Co. | 10,000 | 15,002 |
| $725.00 | Acid Rain Retirement Fund | 5 | 15,007 |
| $724.00 | Bates and Colby Environmental Economics and ES 211 | 1 | 15,008 |
| $710.00 | Morgan Stanley | 20,000 | 35,008 |
| $710.00 | ARPA | 100 | 35,108 |
| $710.00 | AEM 451/ECON 409 Cornell University 2005 | 1 | 35,109 |
| $710.00 | AEM 250 Cornell University 2005 | 1 | 35,110 |
| $707.37 | Ameren Energy Generating Co. | 10,000 | 45,110 |
| $704.01 | Cedar Falls Utilities | 100 | 45,210 |
| $703.37 | Ameren Energy Generating Co. | 10,000 | 55,210 |
| $703.00 | Hobart & William Smith Colleges | 1 | 55,211 |
| $701.01 | Man Financial, Inc. | 12,000 | 67,211 |
| $697.01 | Cedar Falls Utilities | 100 | 67,311 |
| $696.37 | Ameren Energy Generating Co. | 10,000 | 77,311 |
| $694.00 | Edison Mission Marketing & Trading, Inc. | 5,000 | 82,311 |
| $692.50 | Alpha | 15,000 | 97,311 |
| $692.00 | Edison Mission Marketing & Trading, Inc. | 5,000 | 102,311 |
| $691.07 | Aquila | 5,000 | 107,311 |
| $691.01 | Man Financial, Inc. | 12,000 | 119,311 |
| $690.10 | Duke Power | 2,500 | 121,811 |
| $690.01 | Cedar Falls Utilities | 100 | 121,911 |
| $690.00 | Edison Mission Marketing & Trading, Inc.* | 5,000 | 126,911 |
Bids below this line were unsuccessful because they were below the clearing price of $690.00. 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. |
|||
| $690.00 | Morgan Stanley | 20,000 | 146,911 |
| $686.37 | Ameren Energy Generating Co. | 10,000 | 156,911 |
| $686.00 | Dominion Energy Marketing, Inc. | 1,500 | 158,411 |
| $685.26 | CEPO | 10,000 | 168,411 |
| $685.00 | ARPA | 100 | 168,511 |
| $683.10 | Duke Power | 2,500 | 171,011 |
| $683.01 | Cedar Falls Utilities | 100 | 171,111 |
| $682.50 | Alpha | 5,000 | 176,111 |
| $681.26 | CEPO | 10,000 | 186,111 |
| $681.10 | PPL Generation LLC | 5,000 | 191,111 |
| $681.01 | Man Financial, Inc. | 12,000 | 203,111 |
| $680.00 | Morgan Stanley | 40,000 | 243,111 |
| $680.00 | Edison Mission Marketing & Trading, Inc | 5,000 | 248,111 |
| $680.00 | BP Energy | 2,500 | 250,611 |
| $679.07 | Man Financial, Inc. | 1,500 | 258,111 |
| $676.20 | Duke Power | 2,500 | 260,611 |
| $675.00 | American Electric Power | 5,000 | 255,611 |
| $675.00 | Dominion Energy Marketing, Inc. | 1,000 | 256,611 |
| $672.51 | CEPO | 30,000 | 290,611 |
| $672.50 | Alpha | 15,000 | 305,611 |
| $671.30 | Constellation Energy Commodities Group, Inc. | 2,500 | 308,111 |
| $671.10 | PPL Generation LLC | 2,500 | 310,611 |
| $671.07 | Aquila | 5,000 | 315,611 |
| $671.00 | Dominion Energy Marketing, Inc. | 1,000 | 316,611 |
| $670.00 | Edison Mission Marketing & Trading, Inc. | 4,805 | 321,416 |
| $669.30 | Duke Power | 2,500 | 323,916 |
| $669.01 | Cedar Falls Utilities | 100 | 324,016 |
| $665.00 | ARPA | 100 | 324,116 |
| $664.45 | Constellation Energy Commodities Group, Inc. | 2,500 | 326,616 |
| $661.10 | PPL Generation LLC | 2,500 | 329,116 |
| $660.07 | Man Financial, Inc. | 2,500 | 331,616 |
| $660.00 | American Electric Power | 5,000 | 336,616 |
| $660.00 | BP Energy | 2,500 | 339,116 |
| $657.60 | Constellation Energy Commodities Group, Inc. | 5,000 | 344,116 |
| $656.01 | Cedar Falls Utilities | 100 | 344,216 |
| $655.53 | Indianapolis Power & Light Company | 1,500 | 345,716 |
| $652.00 | Dominion Energy Marketing, Inc. | 5,000 | 350,716 |
| $651.10 | PPL Generating LLC | 2,500 | 353,216 |
| $650.00 | Coaltrade, LLC | 2,500 | 355,716 |
| $650.00 | The Dayton Power & Light Company | 1,000 | 356,716 |
| $648.60 | Duke Power | 1,000 | 357,716 |
| $643.90 | Constellation Energy Commodities Group, Inc. | 5,000 | 362,716 |
| $642.01 | Cedar Falls Utilities | 100 | 362,816 |
| $641.10 | PPL Generation LLC | 2,500 | 365,316 |
| $641.07 | Aquila | 2,500 | 367,816 |
| $634.80 | Duke Power | 1,000 | 368,816 |
| $631.06 | Aquila | 1,400 | 370,216 |
| $630.20 | Constellation Energy Commodities Group, Inc. | 7,500 | 377,716 |
| $630.00 | American Electric Power | 5,000 | 382,716 |
| $630.00 | SUEZ Energy Marketing NA, Inc | 500 | 383,216 |
| $626.00 | Dominion Energy Marketing, Inc | 3,000 | 386,216 |
| $625.00 | Coaltrade, LLC | 2,500 | 388,716 |
| $621.00 | Cedar Falls Utilities | 100 | 388,816 |
| $621.00 | Duke Power | 1,000 | 389,816 |
| $620.00 | SUEZ Energy Marketing NA, Inc | 500 | 390,316 |
| $616.50 | Constellation Energy Commodities Group, Inc | 7,500 | 397,816 |
| $616.00 | Dominion Energy Marketing, Inc | 3,000 | 400,816 |
| $610.00 | SUEZ Energy Marketing NA, Inc | 500 | 401,316 |
| $607.01 | Cedar Falls Utilities | 100 | 401,416 |
| $607.00 | Duke Power | 1,000 | 402,416 |
| $606.00 | Dominion Energy Marketing, Inc | 1,000 | 403,416 |
| $600.00 | Allegheny Energy Supply Company, LLC | 15,000 | 418,416 |
| $600.00 | SUEZ Energy Marketing NA, Inc | 500 | 418,916 |
| $595.00 | American Electric Power | 5,000 | 423,916 |
| $593.40 | Duke Power | 1,000 | 424,916 |
| $590.00 | SUEZ Energy Marketing NA, Inc | 500 | 425,416 |
| $587.01 | Cedar Falls Utilities | 100 | 425,516 |
| $580.00 | SUEZ Energy Marketing NA, Inc | 500 | 426,016 |
| $579.60 | Duke Power | 1,000 | 427,016 |
| $570.03 | Indianapolis Power & Light Company | 1,500 | 428,516 |
| $570.00 | SUEZ Energy Marketing NA, Inc | 500 | 429,016 |
| $565.80 | Duke Power | 1,000 | 430,016 |
| $560.00 | American Electric Power | 5,000 | 435,016 |
| $560.00 | SUEZ Energy Marketing NA, Inc | 500 | 435,516 |
| $552.00 | Duke Power | 1,000 | 436,516 |
| $550.00 | Mirant | 45,454 | 481,970 |
| $550.00 | SUEZ Energy Marketing NA, Inc | 500 | 482,470 |
| $540.00 | SUEZ Energy Marketing NA, Inc | 500 | 482,970 |
| $538.20 | Duke Power | 1,000 | 483,970 |
| $530.00 | SUEZ Energy Marketing NA, Inc | 500 | 484,470 |
| $524.40 | Duke Power | 1,000 | 485,470 |
| $520.00 | SUEZ Energy Marketing NA, Inc | 500 | 485,970 |
| $514.94 | Aquila | 1,306 | 487,276 |
| $510.00 | SUEZ Energy Marketing NA, Inc | 500 | 487,776 |
| $501.50 | Innovative Business Engineering, LLC | 1 | 487,777 |
| $500.00 | SUEZ Energy Marketing NA, Inc | 500 | 488,277 |
| $500.00 | ARPA | 200 | 488,477 |
| $490.00 | SUEZ Energy Marketing NA, Inc | 500 | 488,977 |
| $392.00 | Man Financial, Inc. | 5,000 | 493,977 |
| $300.00 | Granite Ridge Energy LLC | 10 | 493,987 |
*Awarded a partial fill of 3,089 out of 5,000 allowances bid for.
| Bids | Bidder's Name | Quantity | Total |
|---|---|---|---|
| $350.00 | Creighton University Environmental Law Society | 1 | 1 |
| $320.00 | ARPA | 400 | 401 |
| $315.00 | CSFB Energy LLC | 10,000 | 10,401 |
| $311.00 | American Electric Power | 50,000 | 60,401 |
| $310.00 | CSFB Energy LLC | 10,000 | 70,401 |
| $310.00 | ARPA | 200 | 70,601 |
| $305.00 | CSFB Energy LLC | 10,000 | 80,601 |
| $301.13 | The Detroit Edison Company | 500 | 81,101 |
| $300.00 | ARPA | 200 | 81,301 |
| $299.13 | The Detroit Edison Company | 500 | 81,801 |
| $297.13 | The Detroit Edison Company | 500 | 82,301 |
| $295.13 | The Detroit Edison Company | 500 | 82,801 |
| $290.13 | The Detroit Edison Company | 1,000 | 83,801 |
| $285.13 | The Detroit Edison Company | 1,000 | 84,801 |
| $280.13 | The Detroit Edison Company | 2,000 | 86,801 |
| $280.00 | ARPA | 200 | 87,001 |
| $276.07 | Aquila | 20,000 | 107,001 |
| $275.13 | The Detroit Edison Company | 2,000 | 109,001 |
| $270.13 | The Detroit Edison Company | 4,000 | 113,001 |
| $265.13 | The Detroit Edison Company | 5,000 | 118,001 |
| $260.00 | American Electric Power* | 25,000 | 143,001 |
Bids below this line were unsuccessful because they were below the clearing price of $260.00. |
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| $247.07 | Aquila | 10,000 | 153,001 |
| $231.00 | PPL Generation LLC | 5,000 | 158,001 |
| $226.07 | Aquila | 8,700 | 166,701 |
| $221.00 | PPL Generation LLC | 5,000 | 171,701 |
| $216.50 | Innovative Business Engineering, LLC | 1 | 171,702 |
| $212.06 | Clarkson University Environmental Conservation Org | 1 | 171,703 |
| $211.00 | PPL Generation LLC | 5,000 | 176,703 |
| $200.00 | Morgan Stanley | 125,000 | 301,703 |
| $200.00 | ARPA | 200 | 301,903 |
| $185.00 | American Electric Power | 25,000 | 326,903 |
| $180.88 | Clarkson University Environmental Conservation Org | 1 | 326,904 |
| $153.50 | Aaron Greenberg | 20 | 326,924 |
| $150.00 | ARPA | 200 | 327,124 |
| $130.00 | ARPA | 200 | 327,324 |
*Awarded a partial fill of 6,999 out of 25,000 allowances bid for.
The 2005 Auction Proceeds Spreadsheet (xls) provides the same results. Download an Excel viewer.