[Federal Register Volume 63, Number 63 (Thursday, April 2, 1998)]
[Notices]
[Pages 16250-16251]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-8593]


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COMMODITY FUTURES TRADING COMMISSION


Applications of the Chicago Board of Trade for Designation as a 
Contract Market in TVA Hub Electricity Futures and Options and ComEd 
Hub Electricity Futures and Options, Submitted Under 45-Day Fast Track 
Procedures

AGENCY: Commodity Futures Trading Commission.

ACTION: Notice of availability of proposed terms and conditions for 
applications for contract market designation.

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SUMMARY: The Chicago Board of Trade (CBT or Exchange) has applied for 
designation as a contract market in TVA (Tennessee Valley Authority) 
Hub electricity futures and option contracts and ComEd (Commonwealth 
Edison) Hub electricity futures and option. The proposals were 
submitted under the Commission's 45-day Fast Track procedures. 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 
purpose of the Commodity Exchange Act.

DATES: Comments must be received on or before April 17, 1998.

ADDRESSES: Interested persons should submit their views and comments to 
Jean A. Webb, Secretary, Commodity Futures Trading Commission, Three 
Lafayette Centre, 1155 21st Street, NW Washington, DC 20581. In 
addition, comments may be sent by facsimile transmission to facsimile 
number (202) 418-5521, or by electronic mail to [email protected]. 
Reference should be made CBT TVA Hub electricity futures and option 
contracts and ComEd Hub futures and options contracts.

FOR FURTHER INFORMATION CONTACT:
Please contact Joseph Storer of the Division of Economic Analysis, 
Commodity Futures Trading Commission, Three Lafayette Centre, 21st 
Street NW, Washington, DC 20581, telephone (202) 418-5282. Facsimile 
number: (202) 418-5527. Electronic mail: [email protected].

SUPPLEMENTARY INFORMATION: The proposed designation applications were 
submitted pursuant to the Commission's Fast Track procedures for 
streamlining the review of futures contract rule

[[Page 16251]]

amendments and new contract approvals (62 FR 10434). Under those 
procedures, the proposals, absent any contrary action by the 
Commission, may be deemed approved at the close of business on May 8, 
1998, 45 days after receipt of the proposals. In view of the limited 
review period provided under the Fast Track procedures, the Commission 
has determined to publish for public comment notice of the availability 
of the terms and conditions for 15 days, rather than 30 days as 
provided for proposals submitted under the regular review procedures.
    Copies of the proposed terms and conditions will be available for 
inspection at the Office of the Secretariat, Commodity Futures Trading 
Commission, Three Lafayette Centre, 1155 21st Street NW, Washington, DC 
20581. Copies can be obtained through the Office of the Secretariat by 
mail at the above address, by phone at (202) 418-5100, or via the 
internet on the CFTC website at www.cftc.gov under ``What's Pending''.
    Other materials submitted by the CBT in support of the proposals 
may be available upon request pursuant to the Freedom of Information 
Act (5 U.S.C. 552) and the Commission's regulations thereunder (17 CFR 
Part 145 (1997)), except to the extent they are entitled to 
confidential treatment as set forth in 17 CFR 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 Secretariat at the 
Commission's headquarters in accordance with 17 CFR 145.7 and 145.8.
    Any person interested in submitting written data, views, or 
arguments on the proposals, or with respect to other materials 
submitted by the CBT, should send such comments to Jean A. Webb, 
Secretary, Commodity Futures Trading Commission, Three Lafayette 
Centre, 1155 21st Street NW, Washington, DC 20581 by the specified 
date.

    Issued in Washington, DC, on March 27, 1998.
John R. Mielke,
Acting Director.
[FR Doc. 98-8593 Filed 4-1-98; 8:45 am]
BILLING CODE 6351-01-M