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MISO Indiana Hub (formerly Cinergy Hub) Day-Ahead Peak Calendar-Month 5 MW Futures Contract Specs

Product Symbol CME Globex: H5L
CME ClearPort/Open Outcry: H5
Venue CME Globex, CME ClearPort and Open Outcry (New York)
Hours
(All Times are New York Time/ET)
CME Globex: Sunday – Friday 6:00 p.m. – 5:15 p.m. (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. (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)
Open Outcry: Monday – Friday 9:00 AM to 2:30 PM (8:00 AM to 1:30 PM CT)
Contract Unit 80 megawatt hours ( 5 MWh per peak hour)
Price Quotation The contract quantity shall be 80 megawatt hours (MWh) and is based on 5 megawatts for peak daily hours. Each futures contract shall be valued at the contract quantity multiplied by the settlement price.
Minimum Fluctuation $0.05 per MWh
Floating Price The Floating Price for each contract month will be equal to the arithmetic average of the MISO Indiana Hub (formerly Cinergy Hub) Day-Ahead LMP for peak hours provided by Midcontinent Independent System Operator, Inc. (MISO) for the contract month.
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 MISO Indiana Hub (formerly Cinergy Hub) Day-Ahead Peak Calendar-Month 5 MW Futures (Clearing Code H5/CME Globex Code H5L) will cascade into a strip of MISO Indiana Hub Day-Ahead Peak Calendar-Day 5 MW Futures (Clearing Code PDD/CME Globex Code PDL).
Listed Contracts CME Globex: 36 consecutive months
CME ClearPort and Open Ouctry: Current year plus next five years
Settlement Type Financial
Final Settlement Not applicable. At the termination of trading, positions in the MISO Indiana Hub (formerly Cinergy Hub) Day-Ahead Peak Calendar-Month 5 MW Futures (Clearing Code H5/CME Globex Code H5L) will cascade into a strip of MISO Indiana Hub Day-Ahead Peak Calendar-Day 5 MW Futures (Clearing Code PDD/CME Globex Code PDL).
Peak Days "Peak day" shall mean a Monday through Friday, excluding North American Electric Reliability Corporation holidays.
Peak Hours From Hour Ending (HE) 0800 Eastern Prevailing Time (EPT) through HE 2300 EPT.
Position Limits NYMEX Position Limits
Rulebook Chapter 859
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of NYMEX.