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Palo Verde Day-Ahead Peak Daily Calendar-Month 5 MW Future Contract Specs

Contract Unit 5 MW x 16 peak hours = 80 MWh
Price Quotation US 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 = $0.80
Product Code CME Globex: VLD
CME ClearPort: VDP
Clearing: VDP
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 shall be equal to the final settlement price for the Palo Verde Day-Ahead Peak Daily Fixed Price Future, as reported by the IntercontinentalExchange (ICE Futures U.S.).
Termination Of Trading Trading terminates on the business day prior to the contract day.
Days Or Hours "Peak Days" shall mean Monday through Saturday, excluding North American Electric Reliability Corporation (NERC) holidays.

"Peak Hours" shall mean the Hours Ending (HE) 0700-2200 Prevailing Pacific Time (PPT) on Peak Days.
Settlement Procedures Financially Settled
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 940
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing