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. 148 Original Sheet No. 148 : Effective




14.9 Refunds.


(a) For all refunds other than those described at paragraph (b)

immediately below, the original Releasor of any capacity shall receive from

Transporter any reservation charge-related refunds associated with the

assigned capacity, including any refunds related to the reservation charge

portion of payments under a one-part volumetric rate. The Replacement

Shipper holding the assigned right to service at the time of the

overpayment shall receive from Transporter its share of any commodity

charge-related refunds, including any refunds related to the commodity

portion of payments under a one-part volumetric rate, associated with the

assigned capacity. Refunds owed by Transporter will be made by Transporter

directly to Replacement Shipper, or indirectly through the Releasor if

Replacement Shipper has appointed Releasor as its agent for billings

pursuant to Section 14.8(a) above.


(b) The refund obligation of Transporter set forth in paragraph

(a) shall be modified where Releasor has released capacity at a rate in

excess of that owed by Releasor to Transporter for that capacity

(Releasor's Margin). To the extent that Releasor's Margin equals or

exceeds the amount of any refund obligation, Transporter shall not be

obligated to make refunds to Releasor. Any refunds ultimately paid to a

Replacement Shipper in that event shall be paid by Releasor.


14.10 Fees. Transporter shall not charge a fee for posting of a Release

Notice or a Request to Purchase on its EBB. Transporter shall be entitled

to charge a reasonable fee if Releasor and Transporter agree that

Transporter shall receive a fee for actively marketing the capacity

Releasor seeks to release.


14.11 Term. The term a Releasing Shipper imposes may not conflict with any

provision of the Service Agreement, Rate Schedule or General Terms and

Conditions of Transporter's Tariff. In the event of such conflict,

Transporter may withdraw the Shipper's notice from posting.


14.12 Termination. If the Releasing Shipper fails to pay any monthly bill

in accordance with the provisions of its Service Agreement and of Section

10 of the General Terms and Conditions, the Service Agreement at issue

shall terminate and the capacity under contract by that Releasing Shipper

shall revert back to Transporter. Any Service Agreement(s) of a Replacement

Shipper(s) for such capacity shall terminate as well.