Dow Jones Newswires Launches Two New Electricity Price Indexes; Indexes Add to Superior Dow Jones Electricity News and Information.Business Editors NEW YORK--(BUSINESS WIRE)--Dec. 19, 2000 Dow Jones Newswires Dow Jones Newswires is the real-time financial news organization owned by Dow Jones. Founded in 1882, its primary competitors are Bloomberg L.P. and Reuters. The company reports more than 420,000 subscribers -- including brokers, traders, analysts and fund managers -- as of July announced today the launch of two new indexes of electricity prices in California, the Dow Jones NP-15 and SP-15 indexes. With the addition of these two indexes, Dow Jones Newswires now provides the most complete information on electricity prices in the western United States Noun 1. western United States - the region of the United States lying to the west of the Mississippi River West Santa Fe Trail - a trail that extends from Missouri to New Mexico; an important route for settlers moving west in the 19th century . The new indexes can be utilized for electricity benchmarking and price comparisons, as well as establishing price contracts. The weighted average will be based on bilateral transactions between firms that occur at NP-15 and SP-15, which are delivery areas in California. NP (North Path) is the location closest to COB (California Oregon Border), and SP (South Path) is closest to Palo Verde. The Dow Jones NP-15 and SP-15 Electricity Price Indexes will be quoted daily on Dow Jones Energy Service and published every weekday in The Wall Street Journal. Subscribers to Dow Jones Energy Service will have immediate access to the new indexes. "The Dow Jones NP-15 and SP-15 Electricity Price Indexes will increase transparency in the electricity markets," said Robert Prinsky, Senior Editor of Dow Jones Newswires for Product Development. "They will be invaluable tools for power marketers and utilities in their daily trading and risk management activities." The new product brings to nine the family of Dow Jones electricity price indexes. The others are Palo Verde, California Palo Verde is a census-designated place (CDP) in Imperial County, California, United States. The population was 236 at the 2000 census. It is part of the 'El Centro, California Metropolitan Statistical Area'. Oregon Border, Mid Columbia, Four Corners, Mead/Marketplace, Cinergy and PJM PJM Pacific Journal of Mathematics PJM Project Manager PJM Puerto Jimenez, Costa Rica (Airport code) PJM Pennsylvania New Jersey Maryland Interconnection LLC (Mid-Atlantic region power pool) (Pennsylvania, New Jersey and Maryland). About Dow Jones Dow Jones Newswires provides real-time news for financial professionals across five asset classes: equities, fixed-income, foreign exchange, commodities and energy. The division also offers news for financial firms' Web sites. In addition to Dow Jones Newswires, Dow Jones & Company (NYSE NYSE See: New York Stock Exchange :DJ;dj.com) publishes The Wall Street Journal and its international and online editions, Barron's and SmartMoney magazines and other periodicals, Dow Jones Indexes, and the Ottaway group of community newspapers. Dow Jones is co-owner with Reuters Group of Factiva, with Excite@Home of Work.com, and with NBC NBC in full National Broadcasting Co. Major U.S. commercial broadcasting company. It was formed in 1926 by RCA Corp., General Electric Co. (GE), and Westinghouse and was the first U.S. company to operate a broadcast network. of the CNBC CNBC Center for the Neural Basis of Cognition (artificial intelligence) CNBC Consumer News and Business Channel CNBC Congress of National Black Churches, Inc. television operations in Asia and Europe. Dow Jones also provides news content to CNBC and radio stations in the U.S. |
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