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. 147 Original Sheet No. 147 : Effective

GENERAL TERMS AND CONDITIONS

(Continued)

(c) In the event that a Replacement Shipper (including a Secondary

Replacement Shipper) fails to pay Transporter's invoice relating to the

released capacity, Transporter shall within five business days (or as soon

thereafter as possible) provide the Releasor (the most recent Releasor,

where the capacity has been secondarily assigned) with written or

telephonic notice of such nonpayment. Upon Releasor's receipt of such

notice of Replacement Shipper's nonpayment, Releasor, without prejudice to

any other rights it may have, may immediately recall the assigned capacity

upon 24-hour notice to Replacement Shipper unless within such period

Replacement Shipper pays in full the outstanding indebtedness, together

with accrued interest at the Commission approved interest rate, and

furnishes adequate assurance of payment to Releasor if required by

Releasor.

(d) Transporter should provide the original Releasor with Internet

E-mail notification reasonably proximate in time with any of the following

formal notices given by Transporter to the Releasor's Replacement

Shipper(s), of the following:

(1) Notice to the Replacement Shipper regarding the

Replacement Shipper's past due, deficiency, or default status

pursuant to Transporter's Tariff;

(2) Notice to the Replacement Shipper regarding the

Replacement Shipper's suspension of service notice;

(3) Notice to the Replacement Shipper regarding the

Replacement Shipper's contract termination notice due to default of

credit-related issues; and

(4) Notice to the Replacement Shipper that the Replacement

Shipper(s) is no longer creditworthy and has not provided credit

alternative(s) pursuant to Transporter's Tariff.