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| Trading Unit |
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| One NYMEX Division ISO New England Internal Hub Monthly Peak Location Marginal Pricing Swap Futures monthly contract. |
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| Trading Hours (All times are New York time) |
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Open outcry trading is conducted from 10:00 AM until 2:30 PM.
Off-Exchange transactions can be submitted solely for clearing to the NYMEX ClearPort® clearing website as an exchange of futures for swaps (EFS) or exchange of futures for physicals (EFP) transaction until 5:15 PM, Monday through Friday, and the day preceding a holiday. |
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| Minimum Price Fluctuation |
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| $0.01 (1¢) per megawatt hour. |
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| Strike Price Intervals |
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| Twenty strike prices in increments of $0.50 (50ยข) per megawatt hour above and below the at-the-money strike price, and the next 10 strike prices in increments of $1.00 above the highest and below the lowest existing strike prices for a total of at least 61 strike prices. The at-the-money strike price is nearest to the previous day's close of the underlying futures contract. Strike price boundaries are adjusted according to the futures price movements. |
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| Margin Level |
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| Determined by SPAN® System |
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| Expiration Date |
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| Trading ends two business days prior to the start of contract month |
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| Exercise of Options |
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| On the close of business on any business day up to and including expiration day. |
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| Trading Symbol |
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| OE |
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