Iroquois Gas Transmission System, L.P.

FIRST REVISED VOLUME NO. 1

Effective Date: 08/01/2004, Docket: RP04-366-000, Status: Effective

Fifth Revised Sheet No. 14 Fifth Revised Sheet No. 14 : Effective

Superseding: Fourth Revised Sheet No. 14

RATE SCHEDULE RTS (Continued)

effect as of the date of such contract. The Zone 2 Transporta-

tion Demand Rate shall apply to each Dth of Maximum Equivalent

Quantity at any Primary Delivery Point located in Transporter's

Zone 2 which corresponds to a Dth of Maximum Input Quantity at

any Primary Receipt Point located in Transporter's Zone 2, as

reflected in the Schedule 1 and Schedule 2 appended to the Gas

Transportation Contract between Transporter and Shipper in effect

as of the date of such contract.

(4) Inter-Zone Transportation Demand Rate. A

separately stated Transportation Demand Rate shall apply to each

Dth of Maximum Equivalent Quantity at any Primary Delivery Point

located in Transporter's Zone 2 which corresponds to a Dth of

Maximum Input Quantity at any Primary Receipt Point located in

Transporter's Zone 1, as reflected in the effective Schedule 1

and Schedule 2 appended to the Gas Transportation Contract

between Transporter and Shipper, and to each Dth of Maximum

Equivalent Quantity at any Primary Delivery Point located in

Transporter's Zone 2, as reflected in the effective Schedule 1

and Schedule 2 appended to the Gas Transportation Contract

between Transporter and Shipper.

4.3 Monthly Bill. The monthly bill for firm reserved

transportation service rendered under this Rate Schedule shall

consist of a Transportation Demand Charge, a Transportation

Commodity Charge, ACA and Deferred Asset Surcharges, certain

Revenue Sharing Credits, and any applicable Capacity

Release Credits; provided, however, that when a Shipper has

agreed to a Negotiated Rate or a rate under a Negotiated Rate

Formula, the monthly bill shall be determined in accordance with

the provisions of Section 32 of the General Terms & Conditions

and the terms of the Gas Transportation Contract between

Transporter and Shipper. The monthly bill shall be determined as

follows:

(a) Transportation Demand Charge. For each month, the

Transportation Demand Charge payable by Shipper shall, subject

to any discount as provided herein, be equal to the applicable

Maximum Transportation Demand Rate multiplied by the Maximum

Input Quantity as specified in Shippers Gas Transportation

Contract. The Transportation Demand Charge is payable

notwithstanding any failure to deliver all or any portion of

Shipper's Input Quantities to Transporter at each