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As of the bid guarantee deadline of February 27th, 2013, no
covered entities or opt-in entities had indicated an intent to
bid at the March 2013 reserve sale and provided a bid guarantee. 
 Therefore, the Air Resources Board will not be holding the
reserve sale scheduled for March 8, 2013.

The next reserve sale is scheduled for June 27, 2013.  A notice
for that reserve sale will be posted approximately 30 days prior
to the scheduled date.  All allowances for the March 2013 reserve
sale will be made available at the June 2013 reserve sale.

Background: 

The California Cap-and-Trade Program includes an Allowance Price
Containment Reserve available to California covered entities and
opt-in covered entities in quarterly reserve sales.  More
information about the reserve sales can be found at:

http://www.arb.ca.gov/cc/capandtrade/auction/auction.htm


For further information about reserve sales, please contact Mr.
Chuck Seidler at cseidler@arb.ca.gov or (916) 324-0931.


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