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| Dow Jones Mid-Columbia Electricity Index Futures |
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The non-federal hydroelectric dams along the Columbia River in Washington state
form an important electricity market hub in the northwestern United States. The
power plants and related facilities are connected by a 230-kilovolt transmission
system and 13 transmission paths into and out of this important regional market
center.
The Mid-Columbia hub is a source of price discovery for power traders in the
Northwest. To help market participants better manage their price risk while
mitigating counterparty credit risk, the Exchange provides a financially settled
futures contract based on the average peak day price for the electricity market
hub consisting of the non-federal dams along the mid-Columbia River in Washington
state reflected in the Dow Jones Mid-Columbia electricity index. The contract
trades on the NYMEX ClearPortsm electronic platform or transactions can be conducted
off-exchange and submitted solely for clearing through NYMEX ClearPortsm.
This is the first time that Dow Jones Electricity Indexes have been licensed
for use by an exchange. These pricing indexes are used extensively by U.S. and
European utilities, power marketers, independent power producers, consultants
and municipalities for pricing short- and long-term contracts and hedging instruments.
Dow Jones has contracts with more than 60 utilities, power marketers, and power
producers to contribute to Dow Jones all pertinent transactions for the day,
every day, making Dow Jones Electricity Indexes the most consistent, dependable
barometers available. |
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