All off peak hours for the applicable strip length referenced by the market for hours that are hours ending 0100-0700 and HE 2400 in the eastern ("EPT") or central ("CPT") prevailing time zone., for weekly, weekend, and NERC holidays.
Unit of Trading
Contract Size multiplied by the number of off peak hours of every day in the calendar month traded. This will be expressed as "lots" in PTMS.
US $ and cents per MWH
0.05 per MWH
Last Trading Day
Two business days prior to the contract month.
Cash Settled in USD.
Each pricing day during a Determination Period.
Ten (10) New York Business Days of the month following the Determination Period via wire transfer of Federal Funds.