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MISO Illinois Hub Off-Peak Calendar Month LMP 5 MW Futures Contract Specs

Contract Unit 5 MWh
Clears in multiples of the number of off-peak hours 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 0.05 x 5 MW x # off-peak hours/month
Product Code CME Globex: AOJ
CME ClearPort: OJ
Clearing: OJ
Listed Contracts Monthly contracts listed for the current year and the next 3 calendar years. List monthly contracts for a new calendar year following the termination of trading in the December contract of the current year.
Settlement Method Financially Settled
Floating Price The Floating Price will be determined for each contract month. The Floating Price will be equal to the arithmetic average of the MISO Illinois Hub Real Time LMP for off-peak hours provided by Midwest Independent Transmission System Operator, Inc. (MISO), for all off-peak hours in the contract month.
Termination Of Trading CME Globex: Trading on CME Globex terminates at 23:59 EPT on the last calendar day of the month prior to the contract month. If that time is not within regular trading hours, trading on CME Globex terminates at 16:00 CT on the last business day of the month prior to the contract month.
CME ClearPort: Trading terminates on the last business day of the contract month.
Days Or Hours Off-Peak shall mean Monday through Friday Hour Ending (HE) 0100-0700 and 2400 Eastern Prevailing Time (EPT) Saturday-Sunday HE 0100-2400 EPT including North American Electric Reliability Corporation holidays and excluding any hour lost or gained by transition into or out of Daylight Saving Time.
Settlement Procedures Delivery under the 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 778A
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing