Swaps

The New York Mercantile Exchange Inc. (Nymex) announced that beginning on Monday it will expand block trading and exchange of futures for swaps (EFS) to include its core energy futures contracts. Additionally, trading at settlement (TAS) will be expanded on the floor and electronically. Block trades will be available with a minimum quantity of 200 contracts for crude oil futures, and 100 contracts for natural gas, heating oil and gasoline futures. Block trades may be submitted on the trading floor or by fax to the Nymex facilitation desk, if registered for Nymex ClearPort. An additional fee of $1.50 per lot per side will apply. EFS will be available for crude oil and heating oil futures, as is currently available for natural gas and gasoline futures contracts. Nymex said submission will be expanded beyond the trading floor to include Nymex ClearPort. A fee of $2.50 per lot per side will apply. TAS will expand to include the third nearby trading month for all eligible energy contracts on the Nymex trading floor and on the CME Globex electronic trading platform.

The New York Mercantile Exchange Inc. (Nymex) announced that beginning on Monday it will expand block trading and exchange of futures for swaps (EFS) to include its core energy futures contracts. Additionally, trading at settlement (TAS) will be expanded on the floor and electronically. Block trades will be available with a minimum quantity of 200 contracts for crude oil futures, and 100 contracts for natural gas, heating oil and gasoline futures. Block trades may be submitted on the trading floor or by fax to the Nymex facilitation desk, if registered for Nymex ClearPort. An additional fee of $1.50 per lot per side will apply. EFS will be available for crude oil and heating oil futures, as is currently available for natural gas and gasoline futures contracts. Nymex said submission will be expanded beyond the trading floor to include Nymex ClearPort. A fee of $2.50 per lot per side will apply. TAS will expand to include the third nearby trading month for all eligible energy contracts on the Nymex trading floor and on the CME Globex electronic trading platform.

The New York Mercantile Exchange Inc. (Nymex) will be listing a new sixth year of natural gas futures, options and swaps contracts starting after the December 2005 contract expires next year. The contracts will be listed for the current calendar year plus the next five calendar years for a maximum of 72 consecutive months.

The New York Mercantile Exchange Inc. (Nymex) will be listing a new sixth year of natural gas futures, options and swaps contracts starting after the December 2005 contract expires next year. The contracts will be listed for the current calendar year plus the next five calendar years for a maximum of 72 consecutive months.

Using a combination of fixed-price swaps and costless collars,Oklahoma City-based Louis Dreyfus Natural Gas Corp. has put priceprotections on 200,000 MMBtu/d of natural gas production from Marchthrough October 2001.

Two basis swap contracts based on NGI’s bidweek indexes atChicago and the Southern California border were among a number ofenergy products approved last week for listing on enymex, the NewYork Mercantile Exchange’s Internet-based trading system. Nymexexpects to launch the new system during the second quarter of 2001.

Two basis swap contracts based on NGI’s bidweek indexes atChicago and the Southern California border were among a number ofenergy products approved yesterday for listing on enymex, the NewYork Mercantile Exchange’s Internet-based trading system. Nymexexpects to launch the new system during the second quarter of 2001.

PG&E Corp. last week made another stride to bring moreelectricity generating projects online in an attempt to provideCalifornia with an adequate power supply in the future. The companyentered into an agreement with Waste Management Inc. to replace 120diesel-fueled garbage collection trucks with natural gas-fueledversions in order to offset the emissions of a proposed 500 MWnatural gas-fired power plant to be located in San Diego County.

PG&E Corp. last week made another stride to bring moreelectricity generating projects online in an attempt to provideCalifornia with an adequate power supply in the future. The companyentered into an agreement with Waste Management Inc. to replace 120diesel-fueled garbage collection trucks with natural gas-fueledversions in order to offset the emissions of a proposed 500 MWnatural gas-fired power plant to be located in San Diego County.