Equitrans, L. P.

Original Volume No. 1

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Effective Date: 05/16/2010, Docket: RP10-616-000, Status: Effective

Second Revised Sheet No. 312 Second Revised Sheet No. 312

Superseding: First Revised Sheet No. 312

GENERAL TERMS AND CONDITIONS (Continued)

b. The sum of the SCT Pre-Tax Return Amount, the depreciation

expense, and any overcollection or undercollection from the prior

period shall be divided by the sum of (i) the actual throughput

under Rate Schedules FTS, STS-1, and ITS, adjusted for any known

and measurable changes, and (ii) any point-to-point throughput

under Rate Schedule NOFT, for the 12-month period ending December

31st to derive the SCT surcharge to become effective on April 1st

of the following year.

c. Equitrans shall make annual filings accompanied by any requisite

tariff sections and/or Statement of Rates, to become effective on

April 1st of each year for the purpose of recalculating the SCT

surcharge.

37.5 Effect of Discounting. With regard to transportation services which are

discounted by Equitrans, the SCT surcharge will be considered as being

discounted second, after the PSCT surcharge, before other items included

in the maximum rate levels are impacted.

37.6 The SCT surcharge shall not include capital additions made in the

ordinary course of business not intended to secure Equitrans'

infrastructure from damage from future events as described in Section

37.1 above. Examples of costs that are ineligible for recovery under

this Section 37 include, but are not limited to, scheduled pipeline

replacement initiatives, non-security related investment required by the

Pipeline Safety Improvement Act of 2002 and expansions undertaken at the

request of specific customers.

37.7 At the time Equitrans files any new base rate case under Section 4 of

the Natural Gas Act, or any time an investigation into Equitrans' base

rates is initiated under Section 5 of the Natural Gas Act, all

investment, associated depreciation, depreciation expense and deferred

income taxes included in the calculation of the surcharge as described

in Section 37.4a shall be rolled into base rates. Such rates shall be

effective as of the effective date of the rates approved in either of

such proceedings. Any historic over or under collections shall be

refunded or collected over the following one year period.

37.8 This Section 37 shall be of no further effect for any cost incurrence

period beginning after December 31, 2009. Equitrans may file a request

with the Commission to seek to continue this surcharge recovery

mechanism in effect for cost incurrence periods beyond December 31,

2009, and all parties reserve all rights to protest any such filing.

Unless the Commission approves any such extension filing this provision

shall be of no further force or effect with respect to any security-

related costs incurred after December 31, 2009. Any historic over or

under collections shall be refunded or collected over the following one

year period.