[Federal Register Volume 60, Number 169 (Thursday, August 31, 1995)]
[Notices]
[Pages 45401-45402]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-21620]
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[[Page 45402]]
COMMODITY FUTURES TRADING COMMISSION
New York Mercantile Exchange Proposed Electricity Futures
Contracts for Delivery at the California Oregon Border and Palo Verde,
Arizona
AGENCY: Commodity Futures Trading Commission.
ACTION: Notice of availability of the terms and conditions of proposed
commodity futures contracts.
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SUMMARY: The New York Mercantile Exchange (NYMEX or Exchange) has
applied for designation as a contract market in California Oregon
Border electricity futures contracts and Palo Verde electricity futures
contracts. The Acting Director of the Division of Economic Analysis
(Division) of the Commission, acting pursuant to the authority
delegated by Commission Regulation 140.96, has determined that
publication of the proposals for comment is in the public interest,
will assist the Commission in considering the views of interested
persons, and is consistent with the purposes of the Commodity Exchange
Act.
DATES: Comments must be received on or before October 2, 1995.
ADDRESSES: Interested persons should submit their views and comments to
Jean A. Webb, Secretary, Commodity Futures Trading Commission, 2033 K
Street NW, Washington, DC 20581. Reference should be made to the NYMEX
California Oregon Border and Palo Verde electricity futures contracts.
FOR FURTHER INFORMATION CONTACT: Joseph B. Storer of the Division of
Economic Analysis, Commodity Futures Trading Commission, 2033 K Street
NW, Washington, DC 20581, telephone 202-254-7303.
SUPPLEMENTARY INFORMATION: The Commission is requesting comment on the
NYMEX's proposed terms and conditions for each of the two proposed
electricity futures contracts. Commenters should address whether the
proposed terms and conditions are in conformance with customary cash
market practices at the proposed delivery points and would provide
adequate deliverable supplies.
The Commission is aware that the electricity industry is evolving
in new directions and that proposed regulatory changes may result in
some restructuring of the electricity industry. In view of this and to
assist the Commission in its review of the proposed electricity futures
contracts, the Commission is particularly interested in receiving
comments concerning the current status and expected development of the
U.S. electricity cash market in general, as well as specific
information about the nature of the cash markets at the two proposed
delivery points in particular. In addition, commenters are asked to
address whether the proposed futures contracts would have any effect on
the evolving cash markets for electricity and discuss what, if any,
benefits the proposed contracts would provide to prospective commercial
users.
Copies of the terms and conditions will be available for inspection
at the Office of the Secretariat, Commodity Futures Trading Commission,
2033 K street, N.W., Washington, D.C. 20581. Copies of the terms and
conditions can be obtained through the Office of the Secretariat by
mail at the above address or by phone at (202) 254-6314.
Other materials submitted by the NYMEX in support of the
applications for contract market designation may be available upon
request pursuant to the Freedom of Information Act (5 U.S.C. 552) and
the Commission's regulations thereunder (17 C.F.R. Part 145 (1987)),
except to the extent they are entitled to confidential treatment as set
forth in 17 C.F.R. 145.5 and 145.9. Requests for copies of such
materials should be made to the FOI, Privacy and Sunshine Act
Compliance Staff of the Office of the Secretariat at the Commission's
headquarters in accordance with 17 C.F.R. 145.7 and 145.8.
Any person interested in submitting written data, views, or
arguments on the proposed terms and conditions, or with respect to
other materials submitted by the NYMEX, should send such comments to
Jean A. Webb, Secretary, Commodity Futures Trading Commission, 2033 K
Street, NW, Washington, DC 20581 by the specified date.
Issued in Washington, DC, on August 25, 1995.
John Mielke,
Acting Director.
[FR Doc. 95-21620 Filed 8-30-95; 8:45 am]
BILLING CODE 6351-01-P