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RELEASE: pr5752-09

  • Release: 5752-09
    For Release: November 16, 2009

    CFTC Reopens Public Comment Period on its Notices of Intent to Determine Whether Certain ICE Contracts Perform Significant Price Discovery Functions

    Washington, DC – On October 6, 2009, the Commission published in the Federal Register notices of its intent to undertake a determination whether the following contracts offered for trading on the IntercontinentalExchange, Inc. perform significant price discovery functions:

      SP-15 Financial Day-Ahead LMP Peak Contract;
      SP-15 Financial Day-Ahead LMP Peak Daily Contract;
      SP-15 Financial Day-Ahead LMP Off-Peak Daily Contract;
      SP-15 Financial Swap Real Time LMP—Peak Daily Contract;
      SP-15 Financial Day-Ahead LMP Off-Peak Contract;
      NP-15 Financial Day-Ahead LMP Peak Daily Contract; and
      NP-15 Financial Day-Ahead LMP Off-Peak Daily Contract. (74 FR 51264).

      Mid-C Financial Peak Contract;
      Mid-C Financial Peak Daily Contract;
      Mid-C Financial Off-Peak Contract; and
      Mid-C Financial Off-Peak Daily Contract. (74 FR 51261).

    The October 6 notices established a 15-day comment period for submitting comment on these contracts; the comment period closed on October 21, 2009. These notices of intent generated substantial interest, and a number of commenters and potential commenters informally requested that the Commission provide additional time to submit their views. To ensure that an adequate opportunity is provided for submission of meaningful comments, the Commission has determined to reopen the comment periods for an additional 15 days from the date of publication in the Federal Register of the notices of the reopening of the comment periods.

    Media Contacts
    Scott Schneider

    R. David Gary

    Last Updated: November 16, 2009

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