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Content-Type: text/plain; charset=ANSI_X3.4-1968 Content-Transfer-Encoding: quoted-printable X-From: exchangeinfo@nymex.com X-To: tana.jones@enron.com X-cc: X-bcc: X-Folder: \Tanya_Jones_Dec2000\Notes Folders\All documents X-Origin: JONES-T X-FileName: tjones.nsf Notice No. 00-322 September 11, 2000 TO: ALL NYMEX MEMBERS ALL NYMEX MEMBER FIRMS ALL NYMEX CLEARING MEMBERS FROM: Neal Wolkoff, Executive Vice President SUBJECT: Introduction of the Mid-Columbia Electricity Futures Contract. The New York Mercantile Exchange will begin trading the Mid-Columbia=20 Electricity Futures contract at 4 PM on September 14, which marks the start= =20 of the September 15 electronic trading session on NYMEX ACCESS. This contract will be traded electronically along with the other Exchange= =20 electricity contracts on the system, with the session beginning at 7 PM on= =20 Sundays and 4 PM on Mondays through Thursdays and ending at 2:30 PM Mondays= =20 through Fridays. Other than delivery location, the contract will reflect the terms of the=20 Exchange=01,s California/Oregon border and Palo Verde electricity futures= =20 contracts including a unit size of 432 megawatt hours (Mwh) of firm=20 electricity, delivered at a rate of one megawatt per hour, with the size of= =20 the actual delivery varying according to the number of on-peak days during= =20 the delivery month. The first contract month will be November. (Initial= =20 Margins for Mid-Columbia are listed in Notice to Members No. 00-316 attache= d.) The Exchange will list 11 months beginning with November 2000 through=20 September 2001. The Mid-Columbia Electricity Futures contract will use KM as the outright= =20 commodity code and SE for the strip code. Physical delivery may take place at any of the switchyards associated with= =20 the following four hydro-projects: Rocky Reach, Rock Island, Wanapum and= =20 Priest Rapids. These switchyards include: Rocky Reach, Rock Island,=20 Wanapum, McKenzie, Valhalla, Columbia, Midway and Vantage. The contract terms and conditions match those of the Exchange=01,s Western= =20 contracts at Palo Verde and the California Oregon Border. Delivery Period: 16 on-peak hours: hour ending 0700 (6 AM) Pacific time to hour ending 2200 (10 PM) Pacific time on each business day of the delivery month. Termination of Trading: Trading in the delivery month shall cease on the fourth Business day prior = to=20 the first day of the delivery month. Prices and Fluctuations Prices shall be quoted in dollars and cents per Mwh. The minimum price fluctuation will be $.01 per Mwh. There is no maximum daily price fluctuation. For questions concerning this Notice please contact Brad Leach, Research=20 Department (212) 299-2609 or Elizabeth Kuhlenkamp, Research Department (212= )=20 299-2597. __________________________________________________ Please click on the link below to indicate you have received this email. "http://208.206.41.61/email/email_log.cfm?useremail=3Dtana.jones@enron.com&= refdo c=3D(00-322)" Note: If you click on the above line and nothing happens, please copy the text between the quotes, open your internet browser, paste it into the web site address and press Return.
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