Algonquin Gas Transmission, LLC

Fifth Revised Volume No. 1

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Effective Date: 05/01/2008, Docket: RP08-268-000, Status: Effective

First Revised Sheet No. 351 First Revised Sheet No. 351 : Effective

Superseding: Original Sheet No. 351

RATE SCHEDULE PAL

PARK AND LOAN SERVICE

1. AVAILABILITY

This rate schedule is available for parking and loaning of natural gas on an interruptible

basis by Algonquin Gas Transmission, LLC (hereinafter called "Algonquin") for any party

(hereinafter called "Customer"), when:

a. Customer has made a valid request for Park and Loan (PAL) Service pursuant to Section 2

of the General Terms and Conditions of the FERC Gas Tariff of which this rate schedule is

a part; and

b. After review and acceptance of such request by Algonquin, Customer and Algonquin have

executed a PAL Service Agreement, in the form contained in the FERC Gas Tariff of which

this rate schedule is a part, with Algonquin for service under this Rate Schedule; and

c. Customer and Algonquin have executed a service agreement under any of Algonquin's open-

access transportation Rate Schedules which provide for the transportation of gas

quantities to or from the PAL Point(s) of Transaction, provided however, that no

transportation service agreement is required if gas to be parked and/or loaned pursuant

to this Rate Schedule is not transported by Algonquin. Such service agreements shall be

in the form contained in the FERC Gas Tariff of which this rate schedule is a part.

2. APPLICABILITY AND CHARACTER OF SERVICE

2.1 Park and Loan Service shall be interruptible, as provided herein, in the effective PAL

Service Agreement and in Algonquin's General Terms and Conditions. Individual Park

and/or Loan Services provided under this rate schedule shall be provided for a minimum of

one (1) Day or such longer period as agreed to by Customer and Algonquin, as specified in

Exhibit(s) A to the Customer's PAL Service Agreement. Services shall be properly

nominated pursuant to Section 22 of the General Terms and Conditions and such nominations

shall include, without limitation, the term of the transaction, the quantity to be parked

or loaned, as applicable, the PAL Point(s) of Transaction, and all other information

required for a nomination under the General Terms and Conditions. Service under this Rate

Schedule does not constitute "no-notice" service as that term is used in Order No. 636.

2.2 Park Service is an interruptible service pursuant to which Algonquin will: (a) receive

quantities of gas for a Customer's account, at the nominated PAL Point(s) of Transaction,

(b) hold such parked quantities, and (c) return such quantities of gas to the Customer at

the PAL Point(s) of Transaction where Algonquin received the gas. The maximum quantity

of gas in Customer's account as Park Service on any Day shall not exceed the Maximum Park

Quantity ("MPQ") shown in Exhibit(s) A to the Customer's PAL Service Agreement.

2.3 Loan Service is an interruptible service pursuant to which Algonquin will: (a) deliver

quantities of gas for a Customer's account, from the nominated PAL Point(s) of

Transaction, and (b) subsequently receive such quantities of gas at the PAL Point(s) of

Transaction where Algonquin delivered the gas. The maximum quantity of gas in Customer's

account as Loan Service on any Day shall not exceed the Maximum Loan Quantity ("MLQ")

shown in Exhibit(s) A to the Customer's PAL Service Agreement.

2.4 Service under this Rate Schedule shall be made available on a first come, first served

basis, to any Customer willing to pay maximum rates or such other rate mutually agreed

upon by Customer and Algonquin, subject to all applicable provisions of the General Terms

and Conditions of the FERC Gas Tariff of which this rate schedule is a part.