K O Transmission Company

Original Volume No. 1

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Effective Date: 04/01/2009, Docket: RP09-394-000, Status: Effective

Second Revised Sheet No. 49 Second Revised Sheet No. 49

Superseding: First Revised Sheet No. 49

GENERAL TERMS AND CONDITIONS (continued)

4. Release and Assignment of Service Rights

The procedures set forth in this Section govern the release and assignment of

service rights by the Shipper and shall apply to all services offered by the

Transporter for which such right is provided in the applicable Rate Schedule.

A Shipper under such applicable Rate Schedule may release and assign all or any

portion of the service under its Service Agreement. Any Shipper accepting such

assignment ("Assignee") must be listed on Transporter's Approved Bidders List,

complying with all conditions and requirements as set forth in the General Terms

and Conditions and in the applicable Rate Schedule and Service Agreement of this

Tariff.

4.1 Initiating the Release and Assignment

(a)

Website. The release and assignment of service rights by Shipper shall be

facilitated through Transporter'swebsite, described in Section 25 (Internet

Website) of the General Terms and Conditions. As explained below, Shippers

seeking to release and assign firm service rights ("Releasing Shippers") shall

send offers to release and notices of prearranged assignments to Transporter

through fax, e-mail or internet form . Potential Replacement Shippers also may

send offers to purchase service rights and bids for capacity noticed by

Releasing Shippers to Transporter through fax, e-mail or internet form.

Transporter will post the offers on its website and reserves the right to

request modifications or deletions of all or any portion of postings that fail

to conform to the requirements of Section 4.1(b); provided, however, that

Transporter shall have no responsibility for any errors, omissions, or other

aspects of these postings from third parties on its website.

A summary report of capacity release postings is available on the website.

(b)

Release Notice. Releasing Shipper may initiate the assignment of the service

rights it is seeking to release and assign by transmitting the information

specified below to Transporter via fax, e-mail or internet form ("Release

Notice"). Such Release Notice shall contain the following information regarding

the capacity that the Shipper is seeking to release:

(i) Releasing Shipper's identity, the Rate Schedule under which Releasing

Shipper seeks to