[Federal Register: February 13, 1998 (Volume 63, Number 30)]

[Notices]

[Page 7406]

From the Federal Register Online via GPO Access [wais.access.gpo.gov]

[DOCID:fr13fe98-56]





[[Page 7406]]



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COMMODITY FUTURES TRADING COMMISSION





Applications of the New York Mercantile Exchange for Designation

as a Contract Market in Cinergy Electricity Futures and Options and

as a Contract Market in Cinergy Electricity Futures and Options and

Track Procedures



AGENCY: Commodity Futures Trading Commission.



ACTION: Notice of availability of proposed terms and conditions for

applications for contract market designation.



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SUMMARY: The New York Mercantile Exchange (NYMEX or Exchange) has

applied for designation as a contract market in Cinergy and Entergy

electricity futures and option contracts. 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 March 2, 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 [email protected]

Reference should be made to NYMEX Cinergy and Entergy electricity

futures and option contracts.



FOR FURTHER INFORMATION CONTACT: 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:

[email protected]



SUPPLEMENTARY INFORMATION: The proposed designation applications were

submitted pursuant to the Commission's Fast Track procedures for

streamlining the review of futures contract rule amendments and new

contract approvals (62 F.R. 10434). Under those procedures, the

proposals, absent any contrary action by the Commission, may be deemed

approved at the close of business on March 23, 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 NYMEX 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 NYMEX, 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

date.



    Issued in Washington, DC, on February 6, 1998.

John R. Mielke,

Acting Director.

[FR Doc. 98-3633 Filed 2-12-98; 8:45 am]

BILLING CODE 6351-01-P








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