Platts to halt daily FirstEnergy Hub price assessment

After a two-week period for industry feedback, Platts will discontinue, effective May 31, 2011, its daily assessment for the FirstEnergy Hub, which will no longer function as a trading hub as of that date.

FirstEnergy is moving from the Midwest Independent Transmission System Operator to the PJM Interconnection effective June 1, 2011. MISO established the FirstEnergy Hub as a trading hub April 1, 2007. PJM has no plans to continue operating the FirstEnergy Hub as a trading hub following FirstEnergy's move into PJM.

The FirstEnergy assessment is published in Megawatt Daily and Platts Energy Trader, and on Platts Electricity Alert page 502. It is also available with other electricity assessments via Platts Dispatch services under Dispatch category ES. The final assessment for the hub will be for trade date May 30, 2011 and flow date May 31, 2011.

For additional information, please contact Mike Wilczek at mike_wilczek@platts.com with a cc to pricegroup@platts.com.