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MISO Indiana Hub Day-Ahead Peak Calendar-Day 5 MW Futures Contract Specs

Contract Unit 5 MW x 16 peak hours = 80 MWh
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 0.05 per MWh = $4.00
Product Code CME Globex: PDL
CME ClearPort: PDD
Clearing: PDD
Listed Contracts Daily contracts listed for the current month and next calendar month. List daily contracts for a new calendar month following the termination of trading in the last contract day of the current month.
Settlement Method Financially Settled
Floating Price The Floating Price for each contract day will be equal to the arithmetic average of the Midwest Independent Transmission System Operator Indiana Hub Day-Ahead LMP for peak hours provided by Midwest Independent Transmission System Operator, Inc. (MISO), for the contract day. For settlement of this contract, the prices provided by MISO will be considered final on the payment date stated in Rule 1074.09 and will not be subject to any further adjustment.
Termination Of Trading CME Globex: Trading terminates on the business day prior to the contract day.
CME ClearPort: Trading terminates on the contract day. When the contract day is not a business day, trading terminates on the business day prior to the contract day.
Days Or Hours "Days & Hours" shall mean a Monday through Friday Hour Ending 0800-2300 Eastern Prevailing Time (EPT), excluding North American Electric Reliability Corporation holidays.
Settlement Procedures Delivery under the MISO Indiana Hub Day-Ahead Peak Calendar-Day 5 MW Futures contract shall be by cash settlement. Final settlement, following termination of trading for a contract day, will be based on the Floating Price. The final settlement price will be the Floating Price calculated for each contract day.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 1074
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