Nymex introduces trading in western electricity futures

This is the first time that Dow Jones Electricity Indexes have been licensed for use by an exchange, Nymex said. The contracts will be based on the average peak day prices for the electricity market hubs at Palo Verde in Arizona, North Path 15 and South Path 15 in California, and the non–federal dams along the mid–Columbia River in Washington state. They will be available for competitive trading on ClearPort or for submission solely for clearing as off–exchange transactions. The contracts wi