Nymex To Lower Western Electricity Margins As Of Close Of Business Tomorrow

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

The margins for each of the three contracts will be lowered to $3,000 from $5,000 for clearing members, to $3,300 from $5,500 for members, and to $4,050 from $6,750 for customers.