NYMEX to Change Eastern Electricity Margin Rates

The New York Mercantile Exchange will raise the initial margins for the June, July, and August 1999 Cinergy, Entergy, and Pennsylvania/New Jersey/Maryland (PJM) electricity futures contracts as of the close of business on Monday, May 3, 1999. The rates will be raised to USD4,500 from USD3,000 for clearing members; to USD4,950 from USD3,300 for members; and to USD6,075 from USD4,050 for customers. Margins for eastern electricity spreads involving contracts for those months will be increased to USD1,900 from USD400 for clearing members; to USD2,090 from USD440 for members; and to USD2,565 from USD540 for custom