K O Transmission Company

Original Volume No. 1

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Effective Date: 04/01/2009, Docket: RP09-394-001, Status: Effective

Substitute Fourth Revised Sheet No. 52 Substitute Fourth Revised Sheet No. 52

Superseding: Third Revised Sheet No. 52

GENERAL TERMS AND CONDITIONS (continued)

4. Release and Assignment of Service Rights (continued)

and commodity rate, and applicable surcharges and meets all requirements set

forth in this Tariff (collectively, "exempt transactions"): provided, however,

there shall be no maximum price cap for prepackaged arrangements one (1) year

or less in length, or for releases to an asset manager. Prepackaged

arrangements for more than 31 days and one (1) year or less in length are not

exempt transactions under this Section 4.2(a). For cross-month releases, the

maximum duration for eligibility as an exempt transaction under part (i) above

shall be 31 days.

(b)

Informational Posting. For any exempt transaction, as described in paragraph

(a) above, Releasing Shipper, for informational purposes, shall notify

Transporter via fax, e-mail or internet form prior to nominations of the

information in essentially the format as the form contained within this Tariff

identified as Informational Posting Form for Prearranged Assignments.

Transporter shall post the information on its website and Replacement Shipper

may nominate as soon as Transporter is informed of the exempt transaction.

(c)

Limitations on Continuation of Exempt Transactions. A Releasing Shipper that

has employed an exempt transaction to assign service to a designated

Replacement Shipper for a period of 31 days or less: (i) shall not roll over,

extend, or otherwise continue that release beyond its original term without

complying with the posting and competitive bidding requirements applicable to

all non-exempt transactions, as set forth in this Section, unless the

rollover, extension or continuation is at the maximum rate, meets all the

terms and conditions of the Release Notice, and qualifies as an exempt

transaction under this Section, or is released to an asset manager; and (ii)

shall not, pursuant to this exemption, re-release to the same Replacement

Shipper within 28 days after termination of the earlier release period without

fully complying with the ordinary posting and competitive bidding requirements

applicable to all non-exempt transactions, as set forth in this Section,

unless the re-release is at the maximum rate, meets all of the terms and

conditions of the Release Notice, and qualifies as an exempt transaction

under this Section, or is released to an asset manager.

(d)

Posting of Requests to Purchase. Transporter shall permit, at no charge,

postings on its website, for thirty (30) days, of requests from potential

Replacement Shippers seeking to purchase capacity. Such postings shall

contain all information regarding the requested assignment corresponding to

the information required for Release Notices. In the event that a posting of

a request to purchase results in a release and assignment, the Releasing

Shipper shall notify Transporter via fax, e-mail or internet form and the

transaction shall be posted for competitive bidding unless it qualifies as an

exempt transaction as defined herein.