K O Transmission Company

Original Volume No. 1

Effective Date: 12/01/2005, Docket: RP05-473-001, Status: Effective

Original Sheet No. 60-A Original Sheet No. 60-A : Effective

4. Release and Assignment of Service Rights (con't.)

4.12 Capacity Release Timeline

The Capacity Release timeline is applicable to all parties involved in the Capacity

Release process; however, it is only applicable if 1) all information provided by the parties to the

transaction is valid and the acquiring shipper has been determined to be credit worthy before the capacity

release bid is tendered and 2) there are no special terms or conditions of the release.

Capacity Release Timeline:

For biddable releases (less than 1 year):

offers should be tendered by 12:00 P.M. on a Business Day;

open season ends no later than 1:00 P.M. on a Business Day (evaluation period begins at

1:00 P.M. during which contingency is eliminated, determination of best bid is made, and ties are

broken);

evaluation period ends and award posting if no match required at 2:00 P.M.;

match or award is communicated by 2:00 P.M.;

match response by 2:30 P.M.;

where match required, award posting by 3:00 P.M.;

contract issued within one hour of awarding posting (with a new contract number, when

applicable); nomination possible beginning at the next available nomination cycle for the effective

date of the contract. (Central Clock Time)

For biddable releases (1 year or more):

offers should be tendered by 12:00 P.M. four Business Days before award;

open season ends no later than 1:00 P.M. on the Business Day before timely nominations

are due (open season is three Business Days);

evaluation period begins at 1:00 P.M. during which contingency is eliminated,

determination of best bid is made, and ties are broken;

evaluation periods ends and award posting if no match required at 2:00 P.M.;