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MISO Indiana Hub Day-Ahead Peak Calendar-Month 5 MW Futures Contract Specs

Contract Unit 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 contract 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.
Price Quotation Prices shall be quoted in U.S. dollars and cents per MWH
Trading Hours CME Globex: Sunday - Friday 6:00 p.m. - 5:15 p.m. New York time/ET (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. New York time/ET (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)
Minimum Price Fluctuation $0.05 per MWH
Product Code CME Globex: PDO
CME ClearPort: PDM
Clearing: PDM
Listed Contracts Every month for 6 consecutive years
Settlement Method Financially Settled
Floating Price The Floating Price for each contract month will be equal to the arithmetic average of the Midwest Independent Transmission System Operator Indiana Hub Day-Ahead LMP for peak hours provided by Midwest Independent Transmission System Operator, Inc. (MISO), for the contract month. For settlement of this contract, the prices provided by MISO will be considered final on the payment date stated in Rule 1070.09 and will not be subject to any further adjustment.
Termination Of Trading CME Globex: Trading on CME Globex shall cease on the last business day of the month prior to the contract month.
CME ClearPort: Trading shall cease on the last business day of the contract month.
Days Or Hours "Days & Hours" shall mean a Monday through Friday Hour Ending 0800-2300 Eastern Prevailing Time (EPT), excluding North American Electric Reliability Corporation holidays.
Settlement Procedures Delivery under the MISO Indiana Hub Day-Ahead Peak Calendar-Month 5 MW 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.
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