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Dow Jones Palo Verde Electricity Price Index 5 MW Off-Peak Swap Futures
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Dow Jones Palo Verde Electricity Price Index 5 MW Off-Peak Swap Futures
Product Symbol DSO
Venue CME ClearPort, 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 5 Megawatts hours (MWh)
Price Quotation The contract quantity shall be 5 megawatt hours (MWH). Each futures contract shall be valued at the contract quantity multiplied by the settlement price (as per Rule 759.08). Transaction sizes for trading in any delivery month shall be restricted to whole number multiples of the number of Off-Peak Hours in the month.
Minimum Fluctuation $0.05
Floating Price The "Floating Price" will be determined for each contract month as follows: The Floating Price will be equal to the arithmetic average of all daily prices in the contract month of the Dow Jones Palo Verde Electricity Price IndexSM (the "Index"), as published by CME Group Index Services LLC, for Firm Energy traded during Off-Peak Hours (each as defined in Rule 759.03) (the "Firm Off-peak Index").

The Firm Off-peak Index averages together blocks of power sold in bilateral, wholesale, physical transactions for power on a day-ahead pre-scheduled basis, and does not include real-time power. Transactions included in the Firm Off-peak Index are limited to power traded, (A) on Peak Days, in 8-hour blocks during Off-Peak Hours, and (B) on Sundays, in 24-hour blocks. Transactions are quoted in dollars per megawatt hour ($/MWH). The daily price of the Firm Off-peak Index corresponds to transactions for power delivered on such date.
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 Dow Jones Palo Verde Electricity Price Index 5 MW Off-Peak Swap 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 for a contract month will be the Floating Price as calculated for that contract month.
Off Peak Days & Hours “Off-Peak Hours” shall mean the Hours Ending (HE) 2300-0600 Prevailing Pacific Time, on Peak Days, together with the Hours Ending 0100-2400 on Sundays and North American Electric Reliability Corporation (NERC) holidays. (Note that, in addition to the Firm Off-peak Index daily prices for Peak Days (each for an 8-hour block), Sundays and NERC holidays (each for a 24-hour block) also are included within the meaning of “Off-Peak Hours” for the purposes of the contract and in the calculation of the average of daily prices and the determination of permitted transaction sizes.)
Position Limits NYMEX Position Limits
Rulebook Chapter 759
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of NYMEX.