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Date: Wed, 12 Dec 2001 13:50:35 -0800 (PST)
From: feedback@intcx.com
To: iceuserslist@list.intcx.com
Subject: MEDIA ADVISORY
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MEDIA ADVISORY                                                             =
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                        =20
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                        =20
December 12, 2001                                                          =
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                        =20
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                        =20
Power Surge on IntercontinentalExchange As New Record Is Set               =
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                        =20
ICE trades 16.7 million megawatt hours on Tuesday                          =
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                        =20
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                        =20
Atlanta, GA (December 12, 2001) IntercontinentalExchange, one of the world'=
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                        =20
most liquid and fastest growing commodity marketplaces, announced today tha=
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                        =20
ICE set a new single day North American power trading record of 16.7 millio=
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                        =20
megawatts on Tuesday, December 11, 2001, breaking the previous record by   =
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                        =20
more than a million megawatt hours.                                        =
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                        =20
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                        =20
Moreover, recently launched additions to the ICE power market contributed t=
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                        =20
that record volume including power for delivery into AEP and into Southern =
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                        =20
hubs as well as hourly, off-peak, and weekend power markets at several hubs=
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                        =20
in the West and the East.                                                  =
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                        =20
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                        =20
The past few weeks, ICE has experienced strong trading activity across the =
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                        =20
board with a daily record for gas trading set on December 4th and oil,     =
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                        =20
precious metals, weather derivatives and emissions allowances also showing =
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                        =20
continuous growth.                                                         =
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                        =20
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                        =20
Digital traffic, i.e. the number of bids, offers and price changes on the  =
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                        =20
system, is still at a high and the new user requests continue to come in at=
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                        =20
a rapid rate.                                                              =
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                        =20
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                        =20
About IntercontinentalExchange                                             =
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                        =20
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                        =20
IntercontinentalExchange is one of the world's most liquid and fastest     =
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                        =20
growing commodity marketplaces, owned by over 100 of the world&#8217;s lead=
ing                                                                        =
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                        =20
energy and metals traders, brokers and bankers.                            =
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                        =20
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                        =20
The ICE electronic trading system is installed on over 8,000 desktops      =
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                        =20
worldwide from which traders log on each day of the business week to trade =
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                        =20
more than 600 listed commodity and derivative contract types.  Broadly,    =
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                        =20
these include crude oil and refined products, natural gas, power, precious =
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                        =20
metals, weather derivatives and emissions allowances.  Contract forms      =
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                        =20
include physical delivery as well as financially settled swaps, spreads,   =
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                        =20
differentials and options based on a variety of fixed and floating price   =
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                        =20
indices.                                                                   =
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                        =20
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                        =20
Based in Atlanta (and with offices in New York, Houston, Chicago, London an=
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                        =20
Singapore), ICE is taking the technological revolution that occurred in    =
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                        =20
international financial markets and extending it into global commodity     =
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                        =20
markets.                                                                   =
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                        =20
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                        =20
IntercontinentalExchange is the owner of the International Petroleum       =
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                        =20
Exchange of London (IPE), Europe&#8217;s leading energy futures and options=
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                        =20
exchange.  The IPE provides highly regulated open outcry and electronic    =
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                        =20
marketplaces where industry participants use futures and options to manage =
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                        =20
their price risk exposure in the physical energy market.                   =
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                        =20
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                        =20
Products traded on IPE include Brent Crude futures and Options, Gas Oil    =
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                        =20
futures and Options, Natural Gas futures and Electricity (baseload) futures=
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                        =20
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                        =20
For more information about IntercontinentalExchangeTM, please visit the    =
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                        =20
website at www.intcx.com.  More information about IPE can be found at      =
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                        =20
www.ipe.uk.com.                                                            =
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                        =20
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                        =20
###                                                                        =
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                        =20
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                        =20
Contact:                                                                   =
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                        =20
Dorien van Boven, JoAnn Healy - Trimedia Inc.                              =
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                        =20
Tel. (212) 888-6115 x231 x 226                                             =
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                        =20
dorien@trimediapr.com, joann@trimediapr.com                                =
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                        =20
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                        =20
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                        =20
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                        =20
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                        =20
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                        =20
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                        =20
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                        =20
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                        =20
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                        =20
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                        =20
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