[Federal Register: April 2, 1998 (Volume 63, Number 63)]
[Page 16250-16251]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]



Applications of the Chicago Board of Trade for Designation as a
Contract Market in TVA Hub Electricity Futures and Options and ComEd
Hub Electricity Futures and Options, Submitted Under 45-Day Fast Track

AGENCY: Commodity Futures Trading Commission.

ACTION: Notice of availability of proposed terms and conditions for
applications for contract market designation.


SUMMARY: The Chicago Board of Trade (CBT or Exchange) has applied for
designation as a contract market in TVA (Tennessee Valley Authority)
Hub electricity futures and option contracts and ComEd (Commonwealth
Edison) Hub electricity futures and option. The proposals were
submitted under the Commission's 45-day Fast Track procedures. The
Acting Director of the Division of Economic Analysis (Division) of the
Commission, acting pursuant to the authority delegated by Commission
Regulation 140.96, has determined that publication of the proposals for
comment is in the public interest, will assist the Commission in
considering the views of interested persons, and is consistent with the
purpose of the Commodity Exchange Act.

DATES: Comments must be received on or before April 17, 1998.

ADDRESSES: Interested persons should submit their views and comments to
Jean A. Webb, Secretary, Commodity Futures Trading Commission, Three
Lafayette Centre, 1155 21st Street, NW Washington, DC 20581. In
addition, comments may be sent by facsimile transmission to facsimile
number (202) 418-5521, or by electronic mail to secretary@cftc.gov.
Reference should be made CBT TVA Hub electricity futures and option
contracts and ComEd Hub futures and options contracts.

Please contact Joseph Storer of the Division of Economic Analysis,
Commodity Futures Trading Commission, Three Lafayette Centre, 21st
Street NW, Washington, DC 20581, telephone (202) 418-5282. Facsimile
number: (202) 418-5527. Electronic mail: jstorer@cftc.gov.

SUPPLEMENTARY INFORMATION: The proposed designation applications were
submitted pursuant to the Commission's Fast Track procedures for
streamlining the review of futures contract rule

[[Page 16251]]

amendments and new contract approvals (62 FR 10434). Under those
procedures, the proposals, absent any contrary action by the
Commission, may be deemed approved at the close of business on May 8,
1998, 45 days after receipt of the proposals. In view of the limited
review period provided under the Fast Track procedures, the Commission
has determined to publish for public comment notice of the availability
of the terms and conditions for 15 days, rather than 30 days as
provided for proposals submitted under the regular review procedures.
    Copies of the proposed terms and conditions will be available for
inspection at the Office of the Secretariat, Commodity Futures Trading
Commission, Three Lafayette Centre, 1155 21st Street NW, Washington, DC
20581. Copies can be obtained through the Office of the Secretariat by
mail at the above address, by phone at (202) 418-5100, or via the
internet on the CFTC website at www.cftc.gov under "What's Pending".
    Other materials submitted by the CBT in support of the proposals
may be available upon request pursuant to the Freedom of Information
Act (5 U.S.C. 552) and the Commission's regulations thereunder (17 CFR
Part 145 (1997)), except to the extent they are entitled to
confidential treatment as set forth in 17 CFR 145.5 and 145.9. Requests
for copies of such materials should be made to the FOI, Privacy and
Sunshine Act Compliance Staff of the Office of Secretariat at the
Commission's headquarters in accordance with 17 CFR 145.7 and 145.8.
    Any person interested in submitting written data, views, or
arguments on the proposals, or with respect to other materials
submitted by the CBT, should send such comments to Jean A. Webb,
Secretary, Commodity Futures Trading Commission, Three Lafayette
Centre, 1155 21st Street NW, Washington, DC 20581 by the specified

    Issued in Washington, DC, on March 27, 1998.
John R. Mielke,
Acting Director.
[FR Doc. 98-8593 Filed 4-1-98; 8:45 am]

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