Central Kentucky Transmission Company

Original Volume No. 1

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Effective Date: 02/26/2009, Docket: RP09-285-001, Status: Effective

Second Revised Sheet No. 136 Second Revised Sheet No. 136

Superseding: First Revised Sheet No. 136

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

(b) Notice to Transporter; Informational Posting. For any exempt

transaction, as described in paragraph (a) immediately above, Releasor shall

provide Transporter (for Service Agreement execution purposes), and shall

post on Transporter's EBB in accordance with the Capacity Release timeline

under Section 14(c) above: (i) the information required for a Release Notice;

(ii) the price and term of the assignment; (iii) the identity of the

Replacement Shipper; and (iv) for releases to an asset manager (as defined in

Section 284.8 of the Commission's regulations), the asset manager's delivery

obligation to Releasor. Releasor may post such exempt transactions at any

time. Transporter shall issue an Assignment Agreement within one (1) hour of

such posting and shall allow nominations under such Assignment Agreement in

the next available nomination cycle, as specified in Section 6.2(e) of the

General Terms and Conditions. In the event Shipper has not executed the

Assignment Agreement prior to making its nomination, Shipper shall be deemed

to have executed the Assignment Agreement with Transporter pursuant to which

the nomination is being made.

 

(c) Limitations on Continuation of Exempt Transactions. A Releasor

that has employed an exempt transaction to assign service to a designated

Replacement Shipper for a period of 31 days or less, as described in Section

14.2(a)(i) above: (i) shall not roll over, extend, or otherwise continue

that release beyond its original term without complying with the posting and

competitive bidding requirements applicable to all non-exempt transactions,

as set forth in this Section, unless the rollover, extension, or continuation

is at the maximum rate for a term of more than one (1) year, meets all of the

terms and conditions of the Release Notice, and qualifies as an exempt

transaction under Section 14.2(a) above; and (ii) shall not re-release to the

same Replacement Shipper for 28 days after termination of the earlier release

period without fully complying with the ordinary posting and competitive

bidding requirements applicable to all non-exempt transactions, as set forth

in this Section, unless the re-release is at the maximum rate for a term of

more than one (1) year, meets all of the terms and conditions of the Release

Notice, and qualifies as an exempt transaction under Section 14.2 (a) above.

This Section does not apply to releases to an asset manager or releases to a

marketer participating in a state-regulated retail access program.