----- Forwarded by Tana Jones/HOU/ECT on 02/12/2001 04:37 PM -----

	exchangeinfo@nymex.com
	02/12/2001 04:26 PM
		 
		 To: tana.jones@enron.com
		 cc: 
		 Subject: (01-59) Margin Rate Change for Western Electricity Futures Contracts


Notice No. 01-59
February 12, 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 13, 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: $6,000  New: $  9,000
Member Customer (Initial Margin): Old: $6,600  New: $  9,900
Non-Member Customer (Initial Margin): Old: $8,100  New: $ 12,150

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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