Garden Banks Gas Pipeline, LLC

Original Volume No. 1

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Effective Date: 05/10/2005, Docket: RP05-336-000, Status: Effective

First Revised Sheet No. 135 First Revised Sheet No. 135 : Effective

Superseding: Original Sheet No.135

GENERAL TERMS AND CONDITIONS

In addition, the discount agreement may include a

provision that if one rate component which was at or

below the applicable maximum rate at the time the

discount agreement was executed subsequently exceeds

the applicable maximum rate or is less than the

applicable minimum rate due to a change in

Transporter's maximum (minimum) rates so that such rate

component must be adjusted downward (upward) to equal

the new applicable maximum (minimum) rate, the other

rate components may be adjusted upward (downward) to

achieve the agreed overall rate, so long as none of the

resulting rate components exceed the maximum rate or

are less than the minimum rate applicable to that rate

component. Such changes to rate components shall be

applied prospectively, commencing with the date a

Commission order accepts revised tariff sheets.

Nothing contained herein shall be construed to alter a

refund obligation under applicable law for any period

during which rates which had been charged under a

discount agreement exceeded rates which ultimately are

found to be just and reasonable.

(b) The Discounting of Rates shall be done in the following

order:

Base Rate

ACA is not discountable.

31. PERIODIC REPORTS

Transporter does not currently have any periodic reports

that must be made pursuant to Commission Order or to a

settlement proceeding initiated under Parts 154 or 284 of

the Commission's Regulations.