Notice No. 01-51
February 5, 2001

TO:        ALL NYMEX MEMBERS AND MEMBER FIRMS
ALL NYMEX CLEARING FIRMS
ALL NYMEX OPERATIONS MANAGERS

FROM:     Neal Wolkoff, Executive Vice President

SUBJECT: MARGIN RATE CHANGE: WESTERN ELECTRICITY FUTURES CONTRACTS

Effective Date:      Tuesday, February 6, 2001  (close of business)

Futures Contracts: California Oregon Border, Palo Verde, and Mid-Columbia 
Electricity Futures

Contract Months:    All months

Rate Change:
NYMEX Division Margins on California Oregon Border, Palo Verde, and 
Mid-Columbia Electricity Futures Contracts
Clearing Member (Maintenance Margin):   Old:  $3,000     New:  $6,000
Member Customer (Initial Margin):      Old:  $3,300     New:  $6,600
Non-Member Customer (Initial Margin):   Old:  $4,050     New:  $8,100

Should you have any questions regarding these changes, please contact Arthur 
McCoy at (212) 299-2928 or Joe Sanguedolce at (212) 299-2855.  This notice 
supersedes all previous notices regarding outright margins for the NYMEX 
California Oregon Border, Palo Verde, and Mid-Columbia Electricity Futures 
Contracts.



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