NYMEX To Increase Margins On Its Eastern Electricity Futures Contracts

The New York Mercantile Exchange will raise the margins on the June, July, and August 2000 contracts for Cinergy, Entergy, and Pennsylvania/New Jersey/Maryland electricity futures contracts to $5,600 from $3,600 for clearing members; to $6,160 from $3,960 for members; and to $7,560 from $4,860 for customers, as of the close of business today.

Margins on spreads involving the Cinergy, Entergy, and Pennsylvania/New Jersey/Maryland June, July, and August 2000 electricity futures contracts will be increased to $4,000 from $2,000 for clearing members; to $4,400 from $2,200 for members; and to $5,400 from $2,700 for customers.