----- Forwarded by Tana Jones/HOU/ECT on 09/12/2000 10:12 AM -----

	exchangeinfo@nymex.com
	09/12/2000 10:56 AM
		 
		 To: tana.jones@enron.com
		 cc: 
		 Subject: (00-322) Introduction of Mid-Columbia River Electricity Futures 
Contract


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 
Electricity Futures contract at 4 PM on September 14, which marks the start 
of the September 15 electronic trading session on NYMEX ACCESS.

This contract will be traded electronically along with the other Exchange 
electricity contracts on the system, with the session beginning at 7 PM on 
Sundays and 4 PM on Mondays through Thursdays and ending at 2:30 PM Mondays 
through Fridays.

Other than delivery location, the contract will reflect the terms of the 
Exchange,s California/Oregon border and Palo Verde electricity futures 
contracts including a unit size of 432 megawatt hours (Mwh) of firm 
electricity, delivered at a rate of one megawatt per hour, with the size of 
the actual delivery varying according to the number of on-peak days during 
the delivery month.  The first contract month will be November.  (Initial 
Margins for Mid-Columbia are listed in Notice to Members No. 00-316 attached.)

The Exchange will list 11 months beginning with November 2000 through 
September 2001.

The Mid-Columbia Electricity Futures contract will use KM as the outright 
commodity code and SE for the strip code.

Physical delivery may take place at any of the switchyards associated with 
the following four hydro-projects:  Rocky Reach, Rock Island, Wanapum and 
Priest Rapids.  These switchyards include:  Rocky Reach, Rock Island, 
Wanapum, McKenzie, Valhalla, Columbia, Midway and Vantage.

The contract terms and conditions match those of the Exchange,s Western 
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 
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 
Department (212) 299-2609 or Elizabeth Kuhlenkamp, Research Department (212) 
299-2597.


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