Central Kentucky Transmission Company
Original Volume No. 1
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Effective Date: 05/01/2006, Docket: CP05- 48-002, Status: Effective
Original Sheet No. 58 Original Sheet No. 58 : Effective
GENERAL TERMS AND CONDITIONS
(c) This right of first refusal shall be deemed to be assigned
where a Shipper holding such a right permanently releases and assigns all
or a portion (volume but not geographic portion) of the capacity under that
Service Agreement, regardless of the duration of that permanent release.
Moreover, a Shipper releasing and assigning all or a portion (volume but
not geographic portion) of the capacity may structure the release so as to
transfer the right of first refusal for the duration of the release, even
if that release and assignment is subject to a recall by Shipper that would
terminate that release and assignment.
(2) If Shipper intends to exercise its right of first refusal as
described at paragraph (1) above, Shipper shall notify Transporter through
Transporter's EBB of that intent at least twelve months before the
termination date of its Service Agreement.
(3) In the event that Shipper provides Transporter with a twelve
month notice of intent to exercise its right of first refusal, Transporter
shall promptly post on its EBB the information described in Section 4.2
below, Transporter shall begin accepting bids from any prospective Shipper,
for all or a portion (volume but not geographic portion) of the service
rights under the existing Shipper's long-term Service Agreement, at least
eleven months prior to the termination of such Service Agreement, and for
the posting time periods set forth in Section 4.2(a) below.