HomeMy WebLinkAboutF-2.1. Results of August 20, 2019 GHG Allowance Auction_APPROVEDUB-88
Approved
Utility Board
09/23/2019
The August 20, 2019 auction took place as scheduled; 66,289,515 of “current vintage” (2017 and
2019) Allowances and 9,038,000 of “vintage” (2022) Allowances were offered. CARB reported that
the auction clearing price at which all bought and sold allowances transacted was
$17.16/Allowance. CARB further reported that 87.2% of the buyers were Compliance Entities
(entities with GHG compliance responsibilities under AB32).
All Azusa-offered 68,989 Allowances sold for a total $1,183,851.
FISCAL IMPACT:
There is no operating or capital budget impact. Proceeds from the auction will be deposited in
Azusa’s California Climate Change Fund (Fund 24) and will be disbursed in accordance with
applicable CARB rules and regulations.
Prepared by: Reviewed and Approved:
Stephanie Urich Manny Robledo
Acting Power Resources Scheduler Director of Utilities
Richard Torres
Assistant Director of Utilities – Resource Management
Reviewed and Approved:
Sergio Gonzalez
City Manager
UB-89