ICE Announces June 13 Launch of 48 New Energy Contracts

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ICE Announces June 13 Launch of 48 New Energy Contracts

PR Newswire

ATLANTA, May 26, 2011 /PRNewswire/ -- IntercontinentalExchange ICE, a leading operator of global regulated futures exchanges, clearing houses and over-the-counter (OTC) markets, today announced the launch of 48 new cleared OTC energy contracts for North American power, North American natural gas and global refined petroleum products.

(Logo: http://photos.prnewswire.com/prnh/20090727/CL51999LOGO )

All of the new contracts will be available for the trade date of Monday, June 13, 2011. With the products announced today, ICE will offer more than 515 cleared OTC energy contracts, including more than 420 new cleared OTC contracts since the launch of ICE Clear Europe in November 2008. 

The new contracts are:

North American Power

  • PJM Duquesne Zone Day Ahead LMP, Peak Monthly (PQB)
  • PJM Duquesne Zone Day Ahead LMP, Off-Peak Monthly (PQD)
  • PJM METED Zone Day Ahead LMP, Peak Monthly (PMB)
  • PJM METED Zone Day Ahead LMP, Off-Peak Monthly (PMD)
  • ERCOT Houston Load Zone Day Ahead, Peak, Monthly (HZB)
  • ERCOT Houston Load Zone Day Ahead, Off-Peak Monthly (HZD)
  • ERCOT North Load Zone Day Ahead, Peak Monthly (NZB)
  • ERCOT North Load Zone Day Ahead, Off-Peak Monthly (NZD)
  • ERCOT South Load Zone Day Ahead, Peak Monthly (SZB)
  • ERCOT South Load Zone Day Ahead, Off-Peak Monthly (SZD)
  • ERCOT West Load Zone Day Ahead, Peak Monthly (WZB)
  • ERCOT West Load Zone Day Ahead, Off-Peak Monthly (WZD)
  • ERCOT Houston 345KV Hub Day Ahead, Peak Daily (HEA)
  • ERCOT Houston 345KV Hub Day Ahead, Off-Peak Daily (HEC)
  • ERCOT Houston Load Zone Day Ahead, Peak Daily (HZA)
  • ERCOT Houston Load Zone Day Ahead, Off-Peak Daily (HZC)
  • ERCOT North 345KV Hub Day Ahead, Peak Daily (NDA)
  • ERCOT North 345KV Hub Day Ahead, Off-Peak Daily (NDC)
  • ERCOT North Load Zone Day Ahead, Peak Daily (NZA)
  • ERCOT North Load Zone Day Ahead, Off-Peak Daily (NZC)
  • ERCOT South 345KV Hub Day Ahead, Peak Daily (SEA)
  • ERCOT South 345KV Hub Day Ahead, Off-Peak Daily (SEC)
  • ERCOT South Load Zone Day Ahead, Peak Daily (SZA)
  • ERCOT South Load Zone Day Ahead, Off-Peak Daily (SZC)
  • ERCOT West 345KV Hub Day Ahead, Peak Daily (WEA)
  • ERCOT West 345KV Hub Day Ahead, Off-Peak Daily (WEC)
  • ERCOT West Load Zone Day Ahead, Peak Daily (WZA)
  • ERCOT West Load Zone Day Ahead, Off-Peak Daily (WZC)

North American Natural Gas

  • Natural Gas Index Swap: NGPL STX (NXI)
  • Natural Gas Swing Swap: NGPL STX (NXS)
  • Natural Gas Index Swap: ANR OK (AOI)
  • Natural Gas Swing Swap: ANR OK (AOS)
  • Natural Gas Index Swap: ANR LA (API)
  • Natural Gas Swing Swap: ANR LA (APS)
  • Natural Gas Index Swap: Michcon (NMI)
  • Natural Gas Swing Swap: Michcon (NMS)
  • Natural Gas Index Swap:ONEOK (ONI)
  • Natural Gas Swing Swap: ONEOK (ONS)

All swing swaps reference Platts Gas Daily. All index swaps reference Platts Inside FERC's Gas Market Report and Platts Gas Daily.

Global Oil and Refined Petroleum Products

  • Diesel Diff - ULSD 10ppm CIF Med Cargoes vs Gasoil 1st Line Balmo Swap (DMH)
  • Diesel Diff - Diesel 10ppm FOB RDAM Barges vs Gasoil 50ppm FOB RDAM Barges Swap (DFI)
  • Fuel Oil Outright - 1% CIF NWE Cargoes Swap (CID)
  • Fuel Oil Diff - 1% CIF MED Cargoes vs 1% FOB NWE Cargoes Swap (CIB)
  • Fuel Oil Diff - 1% CIF NWE Cargoes vs 1% FOB NWE Cargoes Swap (CIH)
  • Fuel Oil Diff - 1% FOB RDAM Barges vs 1% CIF NWE Cargoes Swap (FBE)

The products above reference Platts European Marketscan

  • Gasoil Diff - Singapore 10ppm Gasoil vs Singapore 0.5% Gasoil Swap (GSU)
  • Naphtha Outright - Singapore Naphtha Balmo Swap (NPU)

The products above reference Platts Asia-Pacific/Arab Gulf Marketscan.

  • Fuel Oil Diff - 1% NYH Cargoes vs 1% FOB NWE Cargoes Balmo Swap (FOI)
  • Fuel Oil Diff - 1% NYH Cargoes vs 3% USGC Balmo Swap (FOE)

The products above reference Platts US Marketscan.

ICE Clear Europe enables the efficient development of new products to support the risk management needs of member firms and customers in ICE's global energy futures and OTC markets. In 2002, ICE pioneered the concept of cleared OTC energy contracts, which provide participants with access to centralized clearing and settlement arrangements while reducing bilateral credit risk and capital required for each OTC trade.

About IntercontinentalExchange

IntercontinentalExchange ICE is a leading operator of regulated futures exchanges and over-the-counter markets for agricultural, credit, currency, emissions, energy and equity index contracts. ICE Futures Europe hosts trade in half of the world's crude and refined oil futures. ICE Futures U.S. and ICE Futures Canada list agricultural, currencies and Russell Index markets. ICE is also a leading operator of central clearing services for the futures and over-the-counter markets, with five regulated clearing houses across North America and Europe. ICE serves customers in more than 70 countries. www.theice.com  

The following are trademarks of IntercontinentalExchange, Inc. and/or its affiliated companies: IntercontinentalExchange, ICE, ICE and block design, ICE Futures Europe and ICE Clear Europe. All other trademarks are the property of their respective owners. For more information regarding registered trademarks owned by IntercontinentalExchange, Inc. and/or its affiliated companies, see https://www.theice.com/terms.jhtml

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 - Statements in this press release regarding IntercontinentalExchange's business that are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see ICE's Securities and Exchange Commission (SEC) filings, including, but not limited to, the risk factors in ICE's Annual Report on Form 10-K for the year ended December 31, 2010, as filed with the SEC on February 9, 2011.

ICE-ENGY

SOURCE IntercontinentalExchange

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