A new conceptual model for ENSO has been constructed based upon the po
sitive feedback of tropical ocean-atmosphere interaction proposed by B
jerknes as the growth mechanism and the recharge-discharge of the equa
torial heat content as the phase-transition mechanism suggested by Can
e and Zebiak and by Wyrtki. This model combines SST dynamics and ocean
adjustment dynamics into a coupled basinwide recharge oscillator that
relies on the nonequilibrium between the zonal mean equatorial thermo
cline depth and wind stress. Over a wide range of the relative couplin
g coefficient, this recharge oscillator can be either self-excited or
stochastically sustained. Its period is robust in the range of 3-5 yea
rs. This recharge oscillator model clearly depicts the slow physics of
ENSO and also embodies the delayed oscillator (Schopf and Suarez; Bat
tisti and Hirst) without requiring an explicit wave delay. It can also
be viewed as a mixed SST-ocean dynamics oscillator due to the fact th
at it arises from the merging of two uncoupled modes, a decaying SST m
ode and a basinwide ocean adjustment mode, through the tropical ocean-
atmosphere coupling. The basic characteristics of this recharge oscill
ator, including the relationship between the equatorial western Pacifi
c thermocline depth and the eastern Pacific SST anomalies, are in agre
ement with those of ENSO variability in the observations and simulatio
ns with the Zebiak-Cane model.