|Contract Unit||80 Megawatt hours (MWh) (5 MW per peak hour).|
|Price Quotation||The contract quantity shall be 80 Megawatt Hours (MWH) and is based on 5 megawatts for peak daily hours. Transaction sizes for trading in any delivery month shall be restricted to whole number multiples of the number of peak days in the contract month. Each futures contract shall be valued at the contract quantity multiplied by the settlement price.|
|Trading Hours||CME Globex:||Sunday - Friday 6:00 p.m. - 5:15 p.m. New York time/ET (5:00 p.m. - 4:15 p.m. Chicago Time/CT) with a 45-minute break each day beginning at 5:15 p.m. (4:15 p.m. CT)||CME ClearPort:||Sunday - Friday 6:00 p.m. - 5:15 p.m. New York time/ET (5:00 p.m. - 4:15 p.m. Chicago Time/CT) with a 45-minute break each day beginning at 5:15 p.m. (4:15 p.m. CT)|
|Minimum Price Fluctuation||$0.01 per MWh|
|Product Code||CME Globex: 4XWCME ClearPort: 4XClearing: 4X|
|Listed Contracts||The current year plus the next five calendar years. A new calendar year will be added following the termination of trading in the December contract of the current year.|
|Floating Price||The Floating Price for each contract month will be equal to the arithmetic average of the NP15 EZ Gen Hub Day-Ahead LMP for peak hours provided by California ISO (CAISO) for the contract month. For settlement of this contract, the prices provided by CAISO will be considered final on the payment date stated in Rule 342.10 and will not be subject to any further adjustment.|
|Termination Of Trading||Trading shall cease on the second to last business day of the month preceding the contract month. At the termination of trading, positions in the CAISO NP15 EZ Gen Hub 5 MW Peak Calendar-Month Day-Ahead LMP Futures will cascade into a strip of CAISO NP15 EZ Gen Hub 5 MW Peak Calendar-Day Day-Ahead LMP Futures (Clearing Code 3Z/CME Globex Code 3ZW).|
|Days Or Hours||"Peak day" shall mean a Monday through Saturday, excluding North American Electric Reliability Corporation holidays.
From Hour Ending (HE) 0700 Pacific Prevailing Time (PPT) through HE 2200 PPT.
|Settlement Procedures||Delivery under the CAISO NP15 EZ Gen Hub 5 MW Peak Calendar-Month Day-Ahead LMP Futures contract shall be by cash settlement. Final settlement, following termination of trading for a contract month, will be based on the Floating Price. The final settlement price will be the Floating Price calculated for each contract month.|
|Position Limits||NYMEX Position Limits|
|Exchange Rulebook||NYMEX 342|
|Block Minimum||Block Minimum Thresholds|
|Vendor Codes||Quote Vendor Symbols Listing|