Central Kentucky Transmission Company

Original Volume No. 1

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

Original Sheet No. 130 Original Sheet No. 130 : Effective

GENERAL TERMS AND CONDITIONS

(Continued)

(4) match or award is communicated by 2:00 P.M.;

(5) match response by 2:30 P.M.;

(6) where match required, award posting by 3:00 P.M.;

(7) Service Agreement issued within one hour of awarding

posting (with a new Service Agreement number, when applicable);

nomination possible beginning at the next available nomination cycle

for the effective date of the Service Agreement (Central Clock Time).

For biddable releases (1 year or more):

(8) offers should be tendered by 12:00 P.M. four Business Days

before award;

(9) open season ends no later than 1:00 P.M. on the Business

Day before timely nominations are due (open season is three Business

Days);

(10) evaluation period begins at 1:00 P.M. during which

contingency is eliminated, determination of best bid is made, and ties

are broken;

(11) evaluation periods ends and award posting if no match

required at 2:00 P.M.;

(12) match or award is communicated by 2:00 P.M.;

(13) match response by 2:30 P.M.;

(14) where match required, award posting by 3:00 P.M.;

(15) Service Agreement issued within one hour of award posting

(with new Service Agreement number, when applicable); nomination

possible beginning at the next available nomination cycle for the

effective date of the Service Agreement (Central Clock Time).