55 East 52nd Street

New York, NY 10055

BY ELECTRONIC TRANSMISSION

Submission No. 17-60

May 16, 2017

Mr. Christopher J. Kirkpatrick

Secretary of the Commission

Office of the Secretariat

Commodity Futures Trading Commission

Three Lafayette Centre

1155 21st Street, NW

Washington, DC 20581

Re: Amendments to Position Limits and Accountability Levels for Certain Financial Power

Futures Contracts

Submission Pursuant to Section 5c(c)(1) of the Act and Regulation 40.6(a) 

Dear Mr. Kirkpatrick:

Pursuant to Commodity Futures Trading Commission (“CFTC” or “Commission”) Regulation 

40.6(a), ICE Futures U.S., Inc. (“Exchange”) hereby certifies amendments to Resolution No. 2 of Chapter 

18 of the Exchange’s Rulebook, as set forth in Exhibit A. 

Amendments to Position Limits for Certain Financial Power Futures Contracts

The amendments to Resolution No. 2 of Chapter 18 increase position limits, single month 

accountability levels and all month accountability levels for certain financial power futures. In each 

instance, the new levels are equivalent to those currently in effect at another designated contract market. 

The Exchange will implement the position limit changes on June 1, 2017, effective for all 

expiration months, including those with open interest. 

Certifications

The Exchange certifies that the amendments to position limits comply with the requirements of 

the Act and the rules and regulations promulgated thereunder. The Exchange has reviewed the designated 

contract market core principles ("Core Principles") as set forth in the Act and has determined that the 

amendments comply with the following relevant Core Principles:
COMPLIANCE WITH RULES

The amended position limit levels for the financial power futures contracts are set forth in 

Resolution No.2 of Chapter 18 and will be enforced by the Exchange. In addition, trading of

these contracts is subject to all relevant Exchange rules which are enforced by the Market 

Regulation Department. 

CONTRACTS NOT READILY SUBJECT TO MANIPULATION

The Exchange’s financial power contracts are not readily subject to manipulation as they are 

based on established and liquid underlying cash markets. In addition, trading of the contracts will 

continue to be monitored by the Market Regulation Department.

POSITION LIMITS OR ACCOUNTABILITY

Positions in the financial power futures contracts will continue to be subject to position limits set 

by the Exchange. As described above, such position limits are based upon the existing levels for 

equivalent contracts set by another designated contract market. 

FINANCIAL INTEGRITY OF CONTRACTS

The financial power futures contracts will continue to be cleared by ICE Clear Europe, a 

registered derivatives clearing organization subject to Commission regulation, and carried by 

registered futures commission merchants qualified to handle customer business.

The Exchange further certifies that, concurrent with this filing, a copy of this submission was 

posted on the Exchange’s, which may be accessed at (https://www.theice.com/futuresus/regulation#rule-filings).

If you have any questions or need further information, please contact me at 312-836-6746 or at 

conor.weber@theice.com.

Sincerely,

Conor Weber

Compliance Counsel

Market Regulation

Enc.

cc: Division of Market Oversight

New York Regional Office
EXHIBIT A

Rule Contract Name

Commodity

Code

Contract 

Size

Unit of 

Trading

Spot Month 

Limit

Single Month 

Accountability 

Level

All Month 

Accountability 

Level

Aggregate 

1 (Positive 

Correlation)

Aggregate 

2 (Negative 

Correlation)

Exchange 

Reportable 

Level

18.B.146 PJM AEP Dayton Hub Day-Ahead Peak Daily Fixed Price Future ADA 16 Mwh 95,000 147,651 95,000 147,651

95,000

147,651 ADB 1

18.B.039 PJM AEP Dayton Hub Day-Ahead Peak Fixed Price Future ADB 1 MW 4,524 7,031 4,524 7,031 4,524 7,031 ADB 1

18.B.182

PJM AEP Dayton Hub Day-Ahead Off-Peak Daily Fixed Price 

Future ADC 5 Mwh

290,000

509,730

290,000

509,730

290,000

509,730 ADD 1

18.B.097 PJM AEP Dayton Hub Day-Ahead Off-Peak Fixed Price Future ADD 1 MW 3,718 6,535 3,718 6,535 3,718 6,535 ADD 1

18.B.233

MISO Arkansas Hub Day-Ahead Off-Peak Daily Fixed Price 

Future MRE 50 MWh 23,096 43,228 23,096 43,228 23,096 43,228 ALO 1

18.B.207 MISO Arkansas Hub Day-Ahead Off-Peak Fixed Price Future ALO 1 MW 2,961 5,542 2,961 5,542 2,961 5,542 ALO 1

18.B.234 MISO Arkansas Hub Day-Ahead Peak Daily Fixed Price Future MRD 800 MWh 1,244 2,665 1,244 2,665 1,244 2,665 ALP 1

18.B.208 MISO Arkansas Hub Day-Ahead Peak Fixed Price Future ALP 1 MW 2,961 6,346 2,961 6,346 2,961 6,346 ALP 1

18.B.183

PJM AEP Dayton Hub Real-Time Off-Peak Daily Fixed Price 

Future ADO 50 Mwh 12,000 50,973 25,000 50,973 60,000 AOD 1

18.B.099 PJM AEP Dayton Hub Real-Time Off-Peak Fixed Price Future AOD 1 MW 1,538 6,535 3,205 6,535 7,692 AOD 1

18.B.299 

ERCOT North 345KV Day-Ahead Peak Daily 80 MWh Fixed Price 

Future NDB 80 MWh 20,000 29,324 20,000 29,324 20,000 29,324 EVN 1

18.B.007 ERCOT North 345KV Day-Ahead Peak Fixed Price Future EVN 1 MW 4,762 6,982 4,762 6,982 4,762 6,982 EVN 1

18.B.127

ERCOT North 345KV Hub Day-Ahead Peak Daily Fixed Price 

Future NDA 16 Mwh

100,000

576,387

100,000

576,387

100,000

576,387 EVN 1

18.E.065 

Option on ERCOT North 345KV Day-Ahead Peak Daily 80 MWh 

Fixed Price Future NDB 80 MWh 20,000 29,324 20,000 29,324 20,000 29,324 EVN 1

18.B.307 ERCOT Houston 345KV Day-Ahead Peak Fixed Price Future EKF 1 MW 571 4,587 1,667 4,587 2,143 4,587 HEA 1

18.B.124

ERCOT Houston 345KV Hub Day-Ahead Peak Daily Fixed Price 

Future HEA 16 Mwh 12,000 91,770 35,000 91,770 45,000 91,770 HEA 1

18.B.308 ERCOT Houston 345KV Day-Ahead Off-Peak Fixed Price Future EKI 1 MW 96 4,370 128 4,370 179 4,370 HEC 1

18.B.162

ERCOT Houston 345KV Hub Day-Ahead Off-Peak Daily Fixed 

Price Future HEC 5 Mwh 7,500 340,860 10,000 340,860

14,000

340,860 HEC 1

18.B.017

ISO New England Connecticut Day-Ahead Peak Fixed Price 

Future ICP 1 MW 952 1,034 2,381 3,333 ICP 1
18.B.022

ISO New England NE Massachusetts Day-Ahead Peak Fixed 

Price Future INB 1 MW 476 838 2,381 3,333 INB 1

18.B.082

ISO New England NE Massachusetts Day-Ahead Off-Peak Fixed 

Price Future IND 1 MW 513 656 2,564 3,205 IND 1

18.B.235

MISO Louisiana Hub Day-Ahead Off-Peak Daily Fixed Price 

Future MLR 50 MWh 27,425 28,080 27,425 28,080 27,425 28,080 LFO 1

18.B.210 MISO Louisiana Hub Day-Ahead Off-Peak Fixed Price Future LFO 1 MW 3,516 3,600 3,516 3,600 3,516 3,600 LFO 1

18.B.236 MISO Louisiana Hub Day-Ahead Peak Daily Fixed Price Future MLQ 800 MWh 1,477 1,731 1,477 1,731 1,477 1,731 LFP 1

18.B.211 MISO Louisiana Hub Day-Ahead Peak Fixed Price Future LFP 1 MW 3,516 4,122 3,516 4,122 3,516 4,122 LFP 1

18.B.139 MISO Indiana Hub Day-Ahead Peak Daily Fixed Price Future MDA 800 Mwh 800 808 1,500 2,500 MCC 1

18.B.029 MISO Indiana Hub Day-Ahead Peak Fixed Price Future MCC 1 MW 1,905 1,924 3,571 5,952 MCC 1

18.B.176 MISO Indiana Hub Day-Ahead Off-Peak Daily Fixed Price Future MOD 50 Mwh 13,000 13,104 13,000 13,104 42,000 MCD 1

18.B.088 MISO Indiana Hub Day-Ahead Off-Peak Fixed Price Future MCD 1 MW 1,667 1,680 1,667 1,680 5,385 MCD 1

18.E.033

Option on PJM AEP Dayton Hub Real-Time Peak Daily Look Back 

Fixed Price Future DDO 800 Mwh 1,000 2,953 2,000 2,953 5,000 MSO 1

18.E.049

Option on PJM AEP Dayton Hub Real-Time Peak Fixed Price 

Future MSO 1 MW 2,381 7,031 4,762 7,031 11,905 MSO 1

18.B.147 PJM AEP Dayton Hub Real-Time Peak Daily Fixed Price Future DDP 800 Mwh 1,000 2,953 2,000 2,953 5,000 MSO 1

18.B.148

PJM AEP Dayton Hub Real-Time Peak Daily Look Back Fixed 

Price Future DDO 800 Mwh 1,000 2,953 2,000 2,953 5,000 MSO 1

18.B.041 PJM AEP Dayton Hub Real-Time Peak Fixed Price Future MSO 1 MW 2,381 7,031 4,762 7,031 11,905 MSO 1

18.B.064 ERCOT North 345KV Day-Ahead Off-Peak Fixed Price Future NEV 1 MW 4,487 6,651 4,487 6,651 4,487 6,651 NEV 1

18.B.165

ERCOT North 345KV Hub Day-Ahead Off-Peak Daily Fixed Price 

Future NDC 5 Mwh

350,000

518,778

350,000

518,778

350,000

518,778 NEV 1

18.B.187 PJM NI Hub Real-Time Off-Peak Daily Fixed Price Future NDO 50 Mwh 40,000 40,529 49,000 78,400 NIO 1

18.B.109 PJM NI Hub Real-Time Off-Peak Fixed Price Future NIO 1 MW 5,128 5,196 6,282 10,051 NIO 1

18.B.117 PJM Western Hub Real-Time Off-Peak Fixed Price Future OPJ 1 MW 7,692 7,747 7,692 7,747 19,231 OPJ 1

18.E.071

Option on PJM Western Hub Real-Time Off-Peak Daily Fixed 

Price Future OD8 50 Mwh 60,000 60,427 60,000 60,427 150,000 OPJ 1

18.B.191 PJM Western Hub Real-Time Off-Peak Daily Fixed Price Future ODP 50 Mwh 60,000 60,427 60,000 60,427 150,000 OPJ 1

18.B.287 PJM PECO Zone Day-Ahead Off-Peak Daily Fixed Price Future PFU 5 MWh 90,012 90,870 90,012 90,870 99,996 PCO 1

18.B.110 PJM PECO Zone Day-Ahead Off-Peak Fixed Price Future PCO 1 MW 1,154 1,165 1,154 1,165 1,282 PCO 1

18.B.149 PJM Eastern Hub Day-Ahead Peak Daily Fixed Price Future PEA 16 Mwh

200,000

215,775

200,000

215,775

200,000

215,775 PEB 1

18.B.047 PJM Eastern Hub Day-Ahead Peak Fixed Price Future PEB 1 MW 9,524 10,275 9,524 10,275 9,524 10,275 PEB 1
18.B.247 PJM FE Ohio Day-Ahead Peak Daily Fixed Price Future PFJ 800 MWh 672 842 672 842 672 842 PFN 1

18.B.243 PJM FE Ohio Day-Ahead Peak Fixed Price Future PFN 1 MW 1,600 2,005 1,600 2,005 1,600 2,005 PFN 1

18.B.248 PJM FE Ohio Day-Ahead Off-Peak Daily Fixed Price Future PFK 50 MWh 12,480 12,589 12,480 12,589 12,480 12,589 PFO 1

18.B.244 PJM FE Ohio Day-Ahead Off-Peak Fixed Price Future PFO 1 MW 1,600 1,614 1,600 1,614 1,600 1,614 PFO 1

18.B.190 PJM Western Hub Day-Ahead Off-Peak Daily Fixed Price Future PDO 50 Mwh 60,000 60,427 60,000 60,427 60,000 60,427 PJD 1

18.B.115 PJM Western Hub Day-Ahead Off-Peak Fixed Price Future PJD 1 MW 7,692 7,747 7,692 7,747 7,692 7,747 PJD 1

18.B.153 PJM PEPCO Zone Day-Ahead Peak Daily Fixed Price Future PPE 16 Mwh 20,000 21,399 35,000 45,000 PPF 1

18.B.054 PJM PEPCO Zone Day-Ahead Peak Month Fixed Price Future PPF 1 MW 952 1,019 1,667 2,143 PPF 1

18.B.104 PJM Duquesne Zone Day-Ahead Off-Peak Fixed Price Future PQD 1 MW 385 388 962 1,282 PQD 1

18.B.189 PJM PSEG Day-Ahead Off-Peak Daily Fixed Price Future PSD 5 Mwh 90,000 91,104 90,000 91,104 170,000 PSB 1

18.B.114 PJM PSEG Day-Ahead Off-Peak Fixed Price Future PSB 1 MW 1,154 1,168 1,154 1,168 2,179 PSB 1

18.B.277 PJM AECO Zone Day-Ahead Off-Peak Daily Fixed Price Future PMF 5 MWh 19,968 22,776 35,022 45,006 PTD 1

18.B.096 PJM AECO Zone Day-Ahead Off-Peak Fixed Price Future PTD 1 MW 256 292 449 577 PTD 1

18.B.042 PJM APS Zone Day-Ahead Peak Fixed Price Future PUB 1 MW 1,190 1,504 2,381 3,333 PUB 1

18.B.053 PJM PENELEC Zone Day-Ahead Peak Fixed Price Future PZB 1 MW 952 1,063 1,667 2,143 PZB 1

18.B.111 PJM PENELEC Zone Day-Ahead Off-Peak Fixed Price Future PZD 1 MW 833 867 1,923 2,564 PZD 1

18.B.309 ERCOT South 345KV Day-Ahead Peak Fixed Price Future EKH 1 MW 571 1,813 1,667 1,813 2,143 SEA 1

18.B.131

ERCOT South 345KV Hub Day-Ahead Peak Daily Fixed Price 

Future SEA 16 Mwh 12,000 38,073 35,000 38,073 45,000 SEA 1

18.B.310 ERCOT South 345KV Day-Ahead Off-Peak Fixed Price Future EKK 1 MW 96 1,727 48 1,727 179 1,727 SEC 1

18.B.168

ERCOT South 345KV Hub Day-Ahead Off-Peak Daily Fixed Price 

Future SEC 5 Mwh 7,500 134,706 3,750 134,706

14,000

134,706 SEC 1

18.B.249 MISO Texas Hub Day-Ahead Peak Daily Fixed Price Future MDR 800 MWh 334 1,459 334 1,459 334 1,459 TDP 1

18.B.217 MISO Texas Hub Day-Ahead Peak Fixed Price Future TDP 1 MW 796 3,473 796 3,473 796 3,473 TDP 1

18.B.250 MISO Texas Hub Day-Ahead Off-Peak Daily Fixed Price Future MDS 50 MWh 6,209 23,657 6,209 23,657 6,209 23,657 TDQ 1

18.B.216 MISO Texas Hub Day-Ahead Off-Peak Fixed Price Future TDQ 1 MW 796 3,033 796 3,033 796 3,033 TDQ 1

18.B.218 MISO Texas Hub Real-Time Off-Peak Fixed Price Future TPO 1 MW 796 3,033 796 3,033 796 3,033 TPO 1

18.B.219 MISO Texas Hub Real-Time Peak Fixed Price Future TPP 1 MW 796 3,473 796 3,473 796 3,473 TPP 1

18.B.311 ERCOT West 345KV Day-Ahead Peak Fixed Price Future EKG 1 MW 571 1,105 1,667 2,143 WEA 1

18.B.134

ERCOT West 345KV Hub Day-Ahead Peak Daily Fixed Price 

Future WEA 16 Mwh 12,000 22,092 35,000 45,000 WEA 1

18.B.074 ERCOT West 345KV Real-Time Off-Peak Fixed Price Future WEB 1 MW 1,026 1,052 1,282 1,923 WEB 1
18.B.172 ERCOT West 345KV Real

-Time Off-Peak Daily Fixed Price Future WED 50 Mwh 8,000 8,206 10,000 15,000 WEB1

18.B.312 ERCOT West 345KV Day-Ahead Off-Peak Fixed Price Future EKJ1 MW 96 1,052 64 1,052 179 1,052 WEC1

18.B.171

ERCOT West 345KV Hub Day-Ahead Off-Peak Daily Fixed Price 

Future WEC5 Mwh 7,500 82,056 5,000 82,056 14,000 82,056 WEC1

18.B.091 NYISO Zone C Day-Ahead Off-Peak Fixed Price Future ZCD1 MW 577 589 962 1,282 ZCD1

18.B.200 NYISO Zone F Day-Ahead LBMP Peak Daily Fixed Price Future NFP 800 MWh 200 217 1,000 1,400 ZFB1

18.B.034 NYISO Zone F Day-Ahead Peak Fixed Price Future ZFB1 MW 476 516 2,381 3,333 ZFB1