SUBSCRIBER NOTE: Platts proposes change in Christmas week trading calendar

Several market participants have requested a change in the Christmas week trading calendar for December 2014. They have requested that Friday December 26, 2014 be treated as a holiday for both daily and bidweek natural gas trading and the Gas Daily and Megawatt Daily publications.

The potential treatment of December 26 as a holiday would have several implications as listed below:

Natural Gas Pricing:

1. Gas Daily trades transacted on Wednesday, December 24 would be for flow Thursday, December 25-Monday, December 29.

2. December 26 would be a bidweek holiday. Therefore January 2015 bidweek trading would encompass Tuesday, December 23, Wednesday, December 24, Monday, December 29, Tuesday, December 30, and Wednesday, December 31.

Power Pricing:

1. West power markets are trading on December 26. On Tuesday, December 23, they are trading for flow on December 24-26. On Friday, December 26, they are trading for flow on December 27-29. Platts would not deviate from this schedule. However, no assessments will be done on December 26. Instead, the data gathered on December 26 will be reviewed and assessments will be made for those flow dates on Monday, December 29.

2. Retroactive assessments would be done for the East power markets.

Services and Publication: 1. No Platts services or publications for December 26, 2014.

Please submit any comments in favor of or against a change in the trading and publication schedule of natural gas and power for December 26 to Gas_Survey_Comments@platts.com and PriceGroup@platts.com by November 26 at 5 pm EST. Platts will publish its decision later the same day.