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As of the bid guarantee deadline of June 17, 2013, no covered
entities or opt-in entities had indicated an intent to bid at the
June 2013 reserve sale and provided a bid guarantee.  Therefore,
the Air Resources Board will not be holding the reserve sale
scheduled for June 27, 2013. 

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