Central Kentucky Transmission Company

Original Volume No. 1

Effective Date: 05/01/2006, Docket: CP05- 48-002, Status: Effective

Original Sheet No. 64 Original Sheet No. 64 : Effective

GENERAL TERMS AND CONDITIONS

(Continued)

for which an open season has been held or will be held within one (1) year

of the date that Transporter posts such Available Reservation Capacity as

being reserved. Any Available Reservation Capacity reserved under this

Section 4.2(h) shall be made available for transportation service pursuant

to Transporter's General Terms and Conditions on a limited-term basis up to

the in-service date of the expansion project(s). Transporter reserves the

right to limit any extension rights provided in the Service Agreements and

pursuant to Section 4.1 of the General Terms and Conditions governing

rights of first refusal commensurate with the proposed in-service date of

the expansion project(s).

Prior to reserving Available Reservation Capacity for future expansion

projects, Transporter shall first make such capacity generally available to

any Shipper or potential Shipper by posting such Available Reservation

Capacity for bidding through an open season for a time period of at least

five (5) business days. This Available Reservation Capacity open season

posting shall contain the posting information required by General Terms and

Conditions Section 4.2(a)(i) - (vi) and shall conform to the bidding and

capacity award procedures of General Terms and Conditions Sections 4.2(b) -

(g). When the Available Reservation Capacity open season is held prior to

the expansion project open season, Transporter shall have the right to

state in the Available Reservation Capacity open season posting minimum

terms and conditions for bids that would be acceptable for consideration

that are the same as the minimum terms and conditions anticipated for the

future expansion project open season. In the event that the subsequent

expansion project open season imposes minimum terms and conditions that are

materially different from the terms and conditions imposed in the previous

Available Reservation Capacity open season, Transporter shall hold another

open season for the Available Reservation Capacity that uses the same

minimum terms and conditions as were imposed for the expansion project open

season. If the expansion project open season is held prior to or during

the Available Reservation Capacity open season, Transporter shall use the

same minimum terms and conditions as used for the expansion project open

season.

Available Reservation Capacity may only be reserved in the 12-month

period prior to the filing of the certificate application. Any Available

Reservation Capacity reserved pursuant to this Section 4.2(h) for an

expansion project that does not go forward because Transporter does not

file any required application with the Commission within one-year from such

reservation date, or because Transporter ultimately does not receive

authorization, shall be posted as generally available within 30 days of the

date the capacity becomes available subject to then existing commitments

for the capacity.