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Dow Jones Mid-Columbia Electricity Price Index Swap Futures
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Dow Jones Mid-Columbia Electricity Price Index Swap Futures
Product Symbol DO
Venue CME ClearPort and Open Outcry (New York)
Hours
(All Times are New York Time/ET)		 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 40 Megawatt hours (MWh) (2.5 MW per peak hour).
Price Quotation The contract quantity is based on 2.5 megawatts per hour for each peak hour of the contract month. The daily total is 40 Megawatt Hours (MWH). One contract shall equal the daily total multiplied by the number of peak days in the contract month. 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 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 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.