Central Kentucky Transmission Company

Original Volume No. 1

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

Original Sheet No. 143 Original Sheet No. 143 : Effective

GENERAL TERMS AND CONDITIONS

(Continued)

Replacement Shipper shall be permitted to make secondary assignments of all

or any part of the capacity, unless prohibited by the Releasor, contained

in its Assignment Agreement that is subject to Releasor's right to recall,

provided, however, that such assignments shall not vary the recall

provisions contained in the original assignment.

(b) Replacement Shipper Release. Replacement Shipper that desires

to release some or all of its assigned capacity (Replacement

Shipper/Secondary Releasor) may release and reassign all or a portion of

the assigned capacity to other parties (Secondary Replacement Shippers)

subject to the requirements set forth in paragraph (a) immediately above.

Any such reassignment must satisfy all of the posting, bidding and notice

requirements set forth in this Section, and any Secondary Replacement

Shipper must satisfy all of the creditworthiness and other requirements set

forth in this Section. No limitation unless required by the Releasor shall

be placed on the number of times service rights that are not subject to

recall may be reassigned, provided, however, that a Replacement

Shipper/Secondary Releasor may not assign rights any greater than the

rights it received pursuant to the earlier assignment, and may not place

any unreasonable or discriminatory conditions on such assignments.

(c) For all released capacity subject to recall rights, the

following recall notification periods shall apply:

Timely Recall Notification:

(1) Releasing Shipper recalling capacity shall provide notice

of such recall to the Transporter and the first Replacement Shipper

no later than 8:00 a.m. on the day that Timely nominations are due;

(2) Transporter shall provide notification of such recall to

all affected Replacement Shippers no later than 9:00 a.m. on the day

that Timely nominations are due (Central Clock Time);

Early Evening Recall Notification:

(3) Releasing Shipper recalling capacity shall provide notice

of such recall to the Transporter and the first Replacement Shipper

no later than 3:00 p.m. on the day that Evening nominations are due;

(4) Transporter shall provide notification of such recall to

all affected Replacement Shippers no later than 4:00 p.m. on the day

that Evening nominations are due (Central Clock Time);