|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|
|Product Code||CME Globex: PVLCME ClearPort: PVDClearing: PVD|
|Listed Contracts||Monthly contracts listed for the current year and the next 5 calendar years. List monthly contracts for a new calendar year following the termination of trading in the December contract of the current year.|
|Floating Price||The Floating Price for each contract month shall be equal to the final settlement price for the Palo Verde Day-Ahead Peak Fixed Price Future, as reported by the IntercontinentalExchange (ICE Futures U.S.).|
|Termination Of Trading||On the last business day of the month prior to the contract month, each PVD/PVL open position converts into a strip of Palo Verde Day-Ahead Peak Calendar-Day 5 MW Futures - VDP/VLD in the originally specified contract month.|
|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 939|
|Block Minimum||Block Minimum Thresholds|
|Vendor Codes||Quote Vendor Symbols Listing|