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. 142 Original Sheet No. 142 : Effective
GENERAL TERMS AND CONDITIONS
specified in Section 6.2(e) of the General Terms and Conditions, following
execution of an Assignment Agreement, consistent with the electronic
contracting requirement set forth in Section 5.7 of the General Terms and
Conditions. In the event Replacement Shipper has not executed the
Assignment Agreement prior to making its nomination, Shipper will be deemed
to have executed the Assignment Agreement with Transporter pursuant to
which the nomination is made. Quantities flowing under assigned service
rights shall have the same priority as those quantities had under the
applicable underlying Service Agreement originally entered into by Releasor
and Transporter, and that priority shall be unaffected by whether or not
the assignment is subject to recall, as described at Section 14.7 below.
14.7 Recall; Reassignment of Assigned Service Rights.
(a) Agreements Subject to Recall. Releasors shall be permitted to
specify as a condition for releasing capacity the right to recall that
assigned capacity upon notice to Transporter and to Replacement Shipper.
Any such recall provision must be included in the Release Notice originally
submitted by Releasor and in the Assignment Agreement executed following
assignment of the capacity. The Release Notice and the Assignment
Agreement governing the assigned capacity shall clearly state (i) the
frequency with which Releasor may recall any released capacity, (ii) the
maximum duration of any such recall, (iii) whether and under what
conditions any right of first refusal held by Releasor is transferred to
Replacement Shipper, and (iv) such other terms as Releasor may specify.