Central Kentucky Transmission Company

Original Volume No. 1

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

Original Sheet No. 141 Original Sheet No. 141 : Effective

GENERAL TERMS AND CONDITIONS

(Continued)

(b) Transporter and Replacement Shipper shall execute the

Assignment Agreement in substantially the form contained in this Tariff;

provided that such an Agreement shall be executed electronically where an

executed Agreement is required within five business days of its

transmission by Transporter. That Assignment Agreement shall contain all

terms and conditions of the release and assignment; provided that such

terms and conditions are identical to those set forth in the underlying

Release Notice. Where electronic contracting is required as described

immediately above, all Replacement Shippers must have executed an

Electronic Contracting Agreement in accordance with the electronic

contracting procedures specified in Section 5.7 of the General Terms and

Conditions. All Replacement Shippers must appear on Transporter's Approved

Bidders List, which list shall indicate Bidders that have executed an

Electronic Contracting Agreement. Service will not be provided unless the

Assignment Agreement properly has been executed. If the Replacement

Shipper does not execute and return such Assignment Agreement within two

business days of Transporter's tender (or such later date established by

Releasor through notice to Transporter and Replacement Shipper),

Transporter's offer of an Assignment Agreement shall be void and

Transporter will tender an Assignment Agreement to the next highest

acceptable bidder, if any, consistent with the terms of the Release Notice.

Except with respect to prearranged transactions described in Section

14.2(a) above, Replacement Shippers failing to return such agreement shall

be removed from Transporter's Approved Bidders List for six months, or less

than six months if agreed to in writing by the Releasor. Nothing herein

shall restrict Releasor from pursuing any other remedies it may have

against a Replacement Shipper failing to execute and return an Assignment

Agreement tendered by Transporter.

14.6 Implementation; Receipt and Delivery Points. Replacement Shippers

may submit nominations to Transporter in the next available nomination

cycle, as