Equitrans, L. P.

Original Volume No. 1

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

First Revised Sheet No. 314 First Revised Sheet No. 314

Superseding: Original Sheet No. 314

GENERAL TERMS AND CONDITIONS (Continued)

b. The sum of the Qualifying Costs adjusted for 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

and, adjusted for any known and measurable changes, (ii) any point-

to-point throughput under Rate Schedule NOFT, for the 12-month

period ending December 31st to derive the PSCT surcharge to become

effective on April 1st of the following year.

c. Unless no change is proposed to the level of the PSCT surcharge,

Equitrans shall file revised Statement of Rates and/or tariff

sections on an annual basis to become effective on April 1st of each

year for the purpose of recalculating the PSCT surcharge.

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

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

discounted first, before other items included in the maximum rate levels

are impacted.

38.6 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 38.4a 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.