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Nymex Sets Fees for Clearing Monthly PJM Electricity Futures Through NYMEX ClearPort<SUP>sm</SUP>

Date 07/10/2003

The New York Mercantile Exchange, Inc., will begin charging fees for off-exchange transactions in financially settled monthly PJM electricity futures that are cleared through NYMEX ClearPortsm, beginning with the October 13 business session.

Fees for an exchange of electricity futures for physicals or exchange of futures for swaps submitted to NYMEX ClearPortsm clearing will be $5.40 per contract per side for Exchange members and $6.00 per contract per side for non-members.

Clearing fees have been waived for the contract since its launch. The waiver for the PJM weekly and daily futures contracts will continue through the end of the year.