ICE Announces January 25 Launch For 23 New Cleared OTC Energy Contracts

IntercontinentalExchange, Inc. (NYSE: ICE), a leading operator of global regulated futures exchanges, clearing houses and over-the-counter (OTC) markets, announced today it will introduce 23 new cleared OTC North American natural gas and power contracts. The new cleared swaps and options will be available for the trade date of Monday, January 25, 2010.

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With the products announced today, ICE will offer more than 310 cleared OTC energy contracts, including 226 new OTC contracts since the launch of ICE Clear Europe in November 2008.

The new cleared OTC contracts available beginning January 25 are:

Natural Gas

    --  Platts IF ONEOK Gas Transportation Gas Basis Swap (ONE)
    --  Platts IF Algonquin Citygates Gas Basis Swap (ALQ)
    --  Platts IF Trunkline, LA Basis Swap (TRL)
 

Power

    --  JCPL Zone DA LMP, Peak Daily (JCA)
    --  JCPL Zone DA LMP, Peak Monthly (JCB)
    --  JCPL Zone DA LMP, Off-Peak Daily (JCC)
    --  JCPL Zone DA LMP, Off-Peak Monthly (JCD)
    --  NI Hub DA LMP, Peak Daily (NIA)
    --  NI Hub DA LMP, Peak Monthly (NIB)
    --  NI Hub DA LMP, Off-Peak Daily (NIC)
    --  NI Hub DA LMP, Off-Peak Monthly (NID)
    --  PJM Eastern Hub DA LMP, Peak Daily (PEA)
    --  PJM Eastern Hub DA LMP, Peak Monthly (PEB)
    --  PJM Eastern Hub DA LMP, Off-Peak Daily (PEC)
    --  PJM Eastern Hub DA LMP, Off-Peak Monthly (PED)
    --  AD Hub DA, Peak Daily (ADA)
    --  AD Hub DA, Peak Monthly (ADB)
    --  AD Hub DA, Off-Peak Daily (ADC)
    --  AD Hub DA, Off-Peak Monthly (ADD)
    --  MISO Cinergy Hub RT LMP, Peak Monthly (MCG)
    --  MISO Cinergy Hub RT LMP, Peak Monthly Options (MCG)
    --  PJM WH Real Time Hub RT LMP, Peak Cal 1X Monthly (PMZ)
    --  PJM WH Real Time Hub RT LMP, Peak Cal 1X Options (PMZ)
 

As the first new major clearing house in London in over a century, ICE Clear Europe is enabling 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.

Contract specifications and a full list of ICE's cleared OTC contracts can be found at www.theice.com/markets_otc.jhtml.