Contract Unit 5 MW (80 MWh)                               
5 MW x 16 Peak Hours = 80 MWh
Clears in multiples of the number of peak days in the contract month.
Price Quotation U.S. dollars and cents per MWh
Trading Hours Sunday - Friday 6:00 p.m. - 5:00 p.m. (5:00 p.m. - 4:00 p.m. CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT)
Minimum Price Fluctuation 0.01 x 5 MW x 16 peak hours x # peak days/month = $15.20 - $18.40
Product Code CME Globex: 1ZA
CME ClearPort: 1Z
Clearing: 1Z
Listed Contracts Monthly contracts listed for the current year and the next 5 calendar years. Add monthly contracts for a new calendar year following the termination of trading in the December contract of the current year
Settlement Method Deliverable
Floating Price The Floating Price for each contract month will be equal to the arithmetic average of the SP15 EZ Gen Hub Real-Time LMP for peak hours provided by California ISO (CAISO) for the contract month. For settlement of this contract, the prices provided by CAISO will be considered final on the payment date stated in Rule 265.10 and will not be subject to any further adjustment.
Termination Of Trading On the last business day of the month prior to the contract month, each 1Z/1ZA open position converts into a strip of CAISO SP15 EZ Gen Hub 5 MW Peak Calendar-Day Real-Time LMP Futures - 2H/DHA in the originally specified contract month.
Days Or Hours "Peak day" shall mean a Monday through Saturday, excluding North American Electric Reliability Corporation holidays.

From Hour Ending (HE) 0700 Pacific Prevailing Time (PPT) through HE 2200 PPT.
Settlement Procedures Delivery under the CAISO SP15 EZ Gen Hub 5 MW Peak Calendar-Month Real-Time LMP 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.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 265
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing