Equitrans, L. P.

Original Volume No. 1

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Effective Date: 11/19/1998, Docket: RP97-346-023, Status: Effective

Substitute Original Sheet No. 292 Substitute Original Sheet No. 292 : Effective

GENERAL TERMS AND CONDITIONS (Continued)

b. Stranded Gathering Collections. The Stranded Gathering

Reservation Surcharge and the Stranded Gathering Facilities

Usage Surcharge shall be fixed at the levels set forth on Sheet

Nos. 5 and 6 of this Tariff for the period from August 1, 1997

through July 31, 2000. Equitrans shall terminate assessment of

these surcharges on the earlier of: (i) July 31, 2000; or (ii)

the first day of the month after Equitrans' total surcharge

collections pursuant to this Section equal the principal

amount of $16,943,600 plus interest at the FERC approved rates.

c. Reconciliation and Final Accounting. Equitrans will

undertake a reconciliation and final accounting of the

amount of stranded gathering facilities cost collections and

the amount of allowed stranded gathering facilities cost

recovery after completion of the amortization period in

accordance with the following procedures:

(i) Any recovery by Equitrans of stranded gathering

costs in excess of the amount authorized under this

Section 27.3(b), above shall be refunded to and any

undercollection shall be direct billed to Customers

in accordance with the provisions herein. By

November 1, 2000, Equitrans will refund or

direct bill to firm transportation Customers the

difference between the actual stranded gathering

facilities cost collections and the allowable amount

of stranded gathering facilities cost recovery,

including interest at the FERC approved rates, on a

pro rata basis based on the level of stranded

gathering facilities cost collections from each firm

transportation Customer during the amortization

period. Any such refunds will be made to both

Firm Part 284 transportation Customers and Part 157

transportation Customers. The latter will be deemed

to have paid the surcharge on a proportional basis

with Part 284 Customers commensurate with their

level of entitlements and duration of their Customer

status. Any undercollection will be directly billed

to all firm transportation Customers on the system

at the time that the reconciliation is calculated

except Customers receiving firm transportation

service related to storage service under Rate

Schedule SS-3. By November 1, 2000, Equitrans will

file a report with the Commission identifying the

total amount of stranded gathering facilities costs

collected through the surcharge during the