10/18/2004
In addition to the change of venue for PJM futures contracts, the board of directors has agreed to waive all fees associated with all financial settled power contracts traded and cleared at the Exchange. The elimination of fees includes Exchange Fees, Clearing Fees, and Cash Settlement fees and apply to the following contracts:
PJM Daily Futures (JD)
PJM Weekly Futures (JW)
PJM Monthly Futures (JM)
NYISO Zone A Futures (KA)
NYISO Zone G Futures (KG)
NYISO Zone J Futures (KJ)
Mid-Columbia Electricity Futures (DO)
NP15 Electricity Futures (DN)
SP15 Electricity Futures (DV)
Palo Verde Electricity Futures (DP)
Fees will be reintroduced after December 31, 2005.
Additionally, the liquidity incentive program for electronic trading on NYMEX Clearport Trading has been amended to continue to reward liquidity providers for posting bids and offers, but now will not charge any customer for hitting or lifting a sitting order. The revised program looks like:
| Product | Liquidity Provider | Opposite Side |
| Electricity (KA, KG, KJ, 400 MWh) | $1.00 paid | No Fee |
| Electricity (JM, Variable Mwh) | $1.20 paid | No Fee |
| Electricity (JW) | $0.32 paid | No Fee |
| Electricity (JD) | $0.08 paid | No Fee |
| Electricity (DO, DP, DN, DV) | $1.44 paid | No Fee |
Total Open Interest for the Exchange's power complex is 67,324.
All contracts will be listed for trading on NYMEX Clearport Trading from 7 PM Sundays through 2:30 PM Fridays, with a 45-minute break each day between 2:30 PM and 3:15 PM. All contracts will be listed on NYMEX ClearPortsm clearing is available from 7 PM Sundays through 2:40 PM Fridays, with a 35-minute break each day between 2:40 PM and 3:15 PM.