Notice to Members
Notice No. 07 01/04/2006
New York Mercantile Exchange to Launch Five New Daily Electricity Swap Futures Contracts
Please be advised that the New York Mercantile Exchange, Inc. will launch five (5) new daily electricity futures contracts which will be cash settled. These daily contracts are for peak hours published by the respective independent system operators. Four of these contracts will settle on day-ahead prices for peak hours: ISO New England Internal Hub Calendar Day Peak LMP Swap Contract, NYISO Zone A Calendar Day Peak LBMP Swap Contract, NYISO Zone G Calendar Day Peak LBMP Swap Contract, and NYISO Zone J Calendar Day Peak LBMP Swap Contract. One will settle on real-time prices for peak hours: Cinergy Hub Calendar Day Peak LMP Swap Contract. All five contracts will be listed for execution on the NYMEX ClearPort® Trading and Clearing systems during regular NYMEX ClearPort® hours. Contract days listed will be the peak days remaining in the current month and the following month. All five contracts will be initially listed for trading and clearing at the beginning of NYMEX trade date January 9 (i.e. at 7:00 PM on Sunday, January 8). The chapters setting forth the terms and conditions of the new futures contracts are available in the Exchange’s online rulebook. Margins and position limits will be announced in separate follow-up notices. Contract unit: 40 MWh for all daily contracts   Minimum tick: $0.05/MWh       Symbols: CE for ISO New England Peak Daily AN for NYISO A Peak Daily GN for NYISO G Peak Daily JN for NYISO J Peak Daily CC for Cinergy Hub Peak Daily   Fees (per side): $0.20 per daily contract       Cash Settlement: $0.20 per daily contract
Should you have any questions or require any further information, please contact exchangeinfo@nymex.com