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Dow Jones Mid-Columbia Electricity Price Index 5 MW Futures
 
 
Dow Jones Mid-Columbia Electricity Price Index 5 MW Futures
Product Symbol CME Globex: ADO
CME ClearPort: DO
Open Outcry: DO
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 (MWh) (5 MW per peak hour).
Price Quotation The contract quantity shall be 80 Megawatts Hours (MWh). Transaction sizes for trading in any contract month shall be restricted to whole number multiples of the number of Western Peak Days in the contract month. (On CME Globex, lot size needs to be in multiples of 10 to achieve the 50 MW clip size). Each futures contract shall be valued as the contract quantity multiplied by the settlement price.
Minimum Fluctuation $0.05
Floating Price The Floating Price will be determined for each contract month. The Floating Price will be equal to the arithmetic average of all firm, day-ahead Mid-Columbia prices published by Dow Jones and Company for all peak hours in the contract month
Termination of Trading Trading shall cease on the last business day of the contract month.
Listed Contracts CME Clearport and Open Outcry: 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.
CME Globex: 1 consecutive month
Settlement Type Financial
Final Settlement Delivery under the NYMEX Dow Jones Mid-Columbia Electricity Price Index Swap 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.
Peak Days "Peak Day" shall mean a Monday through Saturday, excluding North American Electric Reliability Corporation holidays
Peak Hours From Hour Ending (HE) 0700 through HE 2200, Pacific Time.
Position Limits NYMEX Position Limits
Rulebook Chapter 643
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of NYMEX.
 
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