Iroquois Gas Transmission System, L.P.

FIRST REVISED VOLUME NO. 1

Effective Date: 10/17/2006, Docket: RP06-177-000, Status: Effective

Third Revised Sheet No. 33 Third Revised Sheet No. 33 : Effective

Superseding: Second Revised Sheet No. 33

2. APPLICABILITY AND CHARACTER OF SERVICE

2.1 This Rate Schedule PAL and the rates set forth

herein shall apply to all park and loan service rendered

under a Park and Loan Service Contract for such service

whenever Transporter is able and willing to offer such park

and loan service. Park and loan service provided hereunder

is of a lower Priority than transportation provided

pursuant to Rate Schedules RTS, ITS, and HUB and is subject

to curtailment or interruption as Transporter deems

necessary.

2.2 Park and loan services available under this Rate

Schedule include:

(a) Parking Service. Parking Service shall consist

of (i) Transporter's receipt of natural gas tendered gas

tendered by Shipper for parking service ("Parked

Quantity"); (ii) the holding of the Parked Quantity for

Shipper's account at the point(s) specified in Shipper's

nomination ("Parking Point(s)"),and (iii) Transporter's

redelivery of the Parked Quantities to Shipper, or for

Shipper's account, at the Parking Point.

(b) Loan Service. Loan Service shall consist of

(i) Transporter's advancement (loan) of the quantity of

natural gas nominated by Shipper ("Loaned Quantity"), up to

the Maximum Balance Quantity specified in Shipper's Park

and Loan Service Contract, at the point(s) specified in

Shipper's nomination ("Loan Point(s)"); and (ii) Shipper's

redelivery of the Loaned Quantities and Transporter's

acceptance of such volumes for Shipper's account at the

Loan Point.

shall consist of Transporters' redelivery (Title Transfer)

of the Parked/Loaned Quantities to another Shippers'

account at the Parking/Loaning Point.

2.3 Subject to the availability of capacity, any

Receipt or Delivery on Transporter's system may be

nominated as a Parking Point or Loan Point.