Central Kentucky Transmission Company

Original Volume No. 1

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

Original Sheet No. 142 Original Sheet No. 142 : Effective

GENERAL TERMS AND CONDITIONS

(Continued)

specified in Section 6.2(e) of the General Terms and Conditions, following

execution of an Assignment Agreement, consistent with the electronic

contracting requirement set forth in Section 5.7 of the General Terms and

Conditions. In the event Replacement Shipper has not executed the

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

to have executed the Assignment Agreement with Transporter pursuant to

which the nomination is made. Quantities flowing under assigned service

rights shall have the same priority as those quantities had under the

applicable underlying Service Agreement originally entered into by Releasor

and Transporter, and that priority shall be unaffected by whether or not

the assignment is subject to recall, as described at Section 14.7 below.

14.7 Recall; Reassignment of Assigned Service Rights.

(a) Agreements Subject to Recall. Releasors shall be permitted to

specify as a condition for releasing capacity the right to recall that

assigned capacity upon notice to Transporter and to Replacement Shipper.

Any such recall provision must be included in the Release Notice originally

submitted by Releasor and in the Assignment Agreement executed following

assignment of the capacity. The Release Notice and the Assignment

Agreement governing the assigned capacity shall clearly state (i) the

frequency with which Releasor may recall any released capacity, (ii) the

maximum duration of any such recall, (iii) whether and under what

conditions any right of first refusal held by Releasor is transferred to

Replacement Shipper, and (iv) such other terms as Releasor may specify.