Iroquois Gas Transmission System, L.P.

FIRST REVISED VOLUME NO. 1

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Effective Date: 08/16/2004, Docket: RP98- 18-015, Status: Effective

Original Sheet No. 6D Original Sheet No. 6D : Effective

STATEMENT OF NEGOTIATED RATES 1/, 3/, 4/, 5/, 6/, 7/, 8/, 9/

Customer Name: Virginia Power Energy Marketing, Inc.

Contract Number: 2470-02

Rate Schedule: RTS

Contract Demand: 20,000 dth

(Maximum)

Demand Charge 2/ $17.9458

Commodity Charge 2/ $0.0000

Primary Receipt Point(s):

Name Waddington

Primary Delivery Point(s):

Name Hunts Point

Term of Agreement: 08/16/2004 - 11/01/2012

Notes:

1/ Unless otherwise noted, negotiated contracts do not deviate in any

material respect from the applicable form of service agreement set forth

in Iroquois' FERC Gas Tariff.

2/ Unless otherwise noted, rates are exclusive of all surcharges.

3/ Unless otherwise noted, this tariff sheet reflects the essential

elements of the negotiated contracts, including a specification of all

consideration.

4/ Surcharges. Virginia Power shall pay only the surcharges outlined herein:

(1) the Measurement Variance/Fuel Use ("MV/FU") Factor (in kind retention

percentage) applicable to Eastchester Shippers; the Gas Research Institute

("GRI") surcharge, if applicable; the Annual Charge Adjustment ("ACA")

surcharge, if applicable; and any other industry-wide surcharge or credit

imposed by the Federal Energy Regulatory Commission ("FERC") and implemented

on a system-wide basis for all of Iroquois' firm shippers, except to the

extent that the costs to be recovered by such new surcharge or credit already

are being recovered in Iroquois' base tariff rates or Eastchester rates; and

(2) the Deferred Asset Surcharge ("DAS") as currently calculated under

Iroquois' tariff and not subject to any extensions or modifications. In no

event, for example, shall Iroquois be permitted to recover any surcharge to

the rates herein reflecting costs related to the construction or remediation

of the Eastchester Project, including legal fees and litigation costs, civil

judgments, fines, penalties, or the like, or any costs that were proposed for

recovery in Docket No. RP04-136.

5/ Right of First Refusal ("ROFR"). Virginia Power shall be entitled to ROFR

rights equal to the rights of long-term shippers paying maximum rates under

Iroquois' FERC Gas Tariff and FERC regulations

6/ Recourse Rate. In the event that the applicable recourse rate set by the

FERC in Docket No. RP04-136 for the period commencing on or after July 1,

2004 is less than $0.59/Dth, then Virginia Power will receive the applicable

recourse rate established in Docket No. RP04-136 pursuant to its year-round

capacity position of 20,000 Dt/day during the term of the Contract.

(FOOTNOTES CONTINUED ON SHEET NO. 6E)