|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. Transaction sizes for trading in any delivery month shall be restricted to whole number multiples of the number of peak days in the contract month. Each futures contract shall be valued at the contract quantity multiplied by the settlement price.|
|Trading Hours||CME Globex:||Sunday - Friday 6:00 p.m. - 5:00 p.m. (5:00 p.m. - 4:00 p.m. Chicago Time/CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT)||CME ClearPort:||Sunday - Friday 6:00 p.m. - 5:00 p.m. (5:00 p.m. - 4:00 p.m. Chicago Time/CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT)|
|Minimum Price Fluctuation||$0.01 per MWh|
|Product Code||CME Globex: AN1CME ClearPort: N1Clearing: N1|
|Listed Contracts||Every month for 6 consecutive years|
|Floating Price||The Floating Price for each contract month will be equal to the arithmetic average of all Electric Reliability Council of Texas (ERCOT) West 345 kV Hub real-time settlement point peak prices provided for the contract month. For settlement of this contract, the prices provided by ERCOT will be considered final on the payment date stated in Rule 288.10 and will not be subject to any further adjustment.|
|Termination Of Trading||Trading terminates on the last business day of the month before the contract month. At that time, a position in ERCOT West 345 kV Hub 5 MW Peak Futures (N1) converts to a strip of ERCOT West 345 kV Hub 5 MW Peak Calendar-Day Futures (R1) in the originally specified contract month. For example, in a twenty-two (22) peak-day month, a position of twenty-two (22) ERCOT West 345 kV Hub 5 MW Peak Futures (N1) converts at the termination of trading to a position of one (1) ERCOT West 345 kV Hub 5 MW Peak Calendar-Day Futures (R1) per peak day in the originally specified contract month.|
|Days Or Hours||"Peak day" shall mean a Monday through Friday, excluding North American Electric Reliability Corporation holidays.
From Hour Ending (HE) 0700 Central Prevailing Time (CPT) through HE 2200 CPT.
|Settlement Procedures||Delivery under the ERCOT West 345 kV Hub 5 MW Peak 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 will be the Floating Price calculated for each contract month.|
|Position Limits||NYMEX Position Limits|
|Exchange Rulebook||NYMEX 288|
|Block Minimum||Block Minimum Thresholds|
|Vendor Codes||Quote Vendor Symbols Listing|
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