NYMEX raises gas contract margins; changes rules

It raised margins to $12,000 from $10,000 for clearing members; to $13,200 from $11,000 for members; and to $16,200 from $13,500 for customers. Margins on spreads involving any of the first 6 months will be $2,500. Presently, spreads involving the first month are $1,500 and those involving the second through sixth month are $500.

DETROIT, Dec. 7, 2000 (PRNewswire) — Detroit Edison’s Electric Choice Program, designed to bring competition to the state’s electric utility industry, continues to receive a positive response from new marketplace participants.

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