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MISO Indiana Hub (formerly Cinergy Hub) 5 Month Peak Calendar-Month Real-Time Futures Contract Specs

Product Symbol CME Globex: AH3
CME ClearPort: H3
Open Outcry: H3
Venue CME Globex, CME ClearPort, 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 (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. 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) Real-Time LMP for peak hours provided by Midcontinent Independent System Operator, Inc. (MISO) for the contract month.
Termination of Trading Trading shall cease on the last business day of the month preceding the contract month. At the termination of trading, positions in the MISO Indiana Hub (formerly Cinergy Hub) 5 MW Peak Calendar-Month Real-Time Futures (Clearing Code H3/CME Globex Code AH3) will cascade into a strip of MISO Indiana Hub Real-Time Peak Calendar-Day 5 MW Futures (Clearing Code PTD/CME Globex Code PTL).
Listed Contracts CME Globex: 36 consecutive months
CME ClearPort and Open Ouctry: 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.
Settlement Type Financial
Final Settlement Not applicable. At the termination of trading, positions in the MISO Indiana Hub (formerly Cinergy Hub) 5 MW Peak Calendar-Month Real-Time Futures (Clearing Code H3/CME Globex Code AH3) will cascade into a strip of MISO Indiana Hub Real-Time Peak Calendar-Day 5 MW Futures (Clearing Code PTD/CME Globex Code PTL).
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 802
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of NYMEX.