Nymex Announces Margin Increases On Western Electricity Futures Contracts

The New York Mercantile Exchange, Inc., will increase the margins on its California Oregon border; Palo Verde; and Mid-Columbia River electricity futures contracts as of the close of business tomorrow.

Clearing member margins will be increased to $$9,000 from $6,000; member margins will be increased to $9,900 from $6,600; and customer margins will be increased to $12,150 from $8,100.