Iroquois Gas Transmission System, L.P.

FIRST REVISED VOLUME NO. 1

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

Fifth Revised Sheet No. 29 Fifth Revised Sheet No. 29 : Effective

Superseding: Fourth Revised Sheet No. 29

RATE SCHEDULE ITS (continued)

corresponds to a Dth of Scheduled Input Quantity at any Receipt

Point located in Transporter's Zone 2.

4.3 Monthly Bill. The monthly bill for interruptible

transportation service rendered under this Rate Schedule shall

consist of a Transportation Commodity Charge and the ACA

and Deferred Asset Surcharges; 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

and Conditions and the terms of the Gas Transportation Contract

between Transporter and Shipper. The monthly bill shall be

determined as follows:

(a) Transportation Commodity Charge. For each month,

the Transportation Commodity Charge payable by each Shipper

shall, subject to any discount as provided herein, be equal to

the applicable Maximum Transportation Commodity Rate multiplied

by the sum of the Scheduled Equivalent Quantities nominated by

Shipper during such month.

(b) RESERVED FOR FUTURE USE

(c) ACA Surcharge. For each month, the ACA Surcharge

payable by Shipper shall be equal to the applicable ACA Rate, as

stated on the currently effective Sheet No. 4 of this FERC Gas

Tariff, multiplied by the sum of the Scheduled Equivalent

Quantities nominated by Shipper during such month at each

Delivery Point for transportation from each Receipt Point.

(d) Deferred Asset Surcharge. For each month, the

Deferred Asset Surcharge payable by Shipper shall be equal to the

applicable to the Deferred Asset Surcharge Rate for the

applicable Zone, as stated on the currently effective Sheet No. 4

of this FERC Gas Tariff, multiplied by the sum of the Scheduled

Equivalent Quantities nominated by Shipper during such month.

For each month, the Deferred Asset Intra-Zone and Inter-Zone

Rates shall be applied in the same manner as the