Notice to Members
Notice No. 477 09/15/2008
Settlement of Henry Hub Swing Swap for September 16, 2008
Please be advised that due to Hurricane Ike, commercial trading was disrupted at the Henry Hub. Consequently Gas Daily will not publish a cash price to settle the Henry Hub Swing Swap (SN) for September 16, 2008. In light of this occurrence, the Exchange has decided to establish a settlement price by alternate means. The Exchange has determined to utilize a recent and appropriate basis differential between the Henry Hub price and the Columbia Gulf delivery point. Based upon this determination, a differential of $.1100 will be added to the September 16, 2008 Gas Daily price for the Columbia Gulf, Louisiana hub delivery point to determine the final settlement of the Henry Hub Swing Swap on this date.
Should you have any questions or require any further information, please contact exchangeinfo@nymex.com