|Contract Unit||5 Megawatts hours (MWh)|
|Price Quotation||The contract quantity shall be 5 MWh. 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.
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||$0.05 per MWh|
|Product Code||CME Globex: K2LCME ClearPort: K2Clearing: K2|
|Listed Contracts||Current year plus next five years|
|Floating Price||The Floating Price will be determined for each contract month. The Floating Price will be equal to the arithmetic average of the MISO Indiana Hub (formerly Cinergy Hub) Day-Ahead LMP provided by Midcontinent Independent System Operator, Inc. (MISO) for all off-peak hours in the contract month. For settlement of this contract, the prices provided by MISO will be considered final on the payment day stated in Rule 893.09 and will not be subject to any further adjustment.|
|Termination Of Trading||Trading terminates on the second-to-last business day of the month before the contract month. At that time, a position in MISO Indiana Hub (formerly Cinergy Hub) Day-Ahead Off-Peak Calendar-Month 5 MW Futures (K2) converts to a strip of MISO Indiana Hub Day-Ahead Off-Peak Calendar-Day 5 MW Futures (FAD) in the originally specified contract month. For example, in a 28-day month with 352 off-peak hours, a position of 352 MISO Indiana Hub (formerly Cinergy Hub) Day-Ahead Off-Peak Calendar-Month 5 MW Futures (K2) converts at the termination of trading to a position of eight (8) MISO Indiana Hub Day-Ahead Off-Peak Calendar-Day 5 MW Futures (FAD) per weekday in the originally specified contract month and twenty-four (24) per weekend day (or holiday) in the originally specified contract month.|
|Days Or Hours||Off-Peak Hours shall mean the hours ending 0100 through 0700 and 2400 Eastern Standard Time (EST), Monday through Friday (except when Daylight Savings Time is in effect, in which case Off- Peak Hours means the hours ending 0100 through 0600 and 2300 through 2400 EST) and the hours ending 0100 through 2400 EST, Saturday and Sunday, including North American Electric Reliability Corporation holidays.|
|Settlement Procedures||Delivery under the 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 893|
|Block Minimum||Block Minimum Thresholds|
|Vendor Codes||Quote Vendor Symbols Listing|
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