Iroquois Gas Transmission System, L.P.

FIRST REVISED VOLUME NO. 1

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

First Revised Sheet No. 36A First Revised Sheet No. 36A : Effective

Superseding: Original Sheet No. 36A

5.4 Discounted Rate. For purposes of administering

rates under this Rate Schedule PAL, Transporter shall have

the right to discount the Maximum Injection/Withdrawal Rate

and Maximum Daily Balance Rate for park and loan service

under this Rate Schedule PAL and to charge a lower rate for

some or all of the Services performed under this Rate

Schedule, provided that such discounting is necessary to

meet competitive conditions existing at the time; provided,

that in no event shall rates charged under this Rate

Schedule be less than the Minimum Injection/Withdrawal Rate

and Minimum Daily Balance Rate reflected on the currently

effective Sheet No. 5 of the FERC Gas Tariff. Transporter

shall not be required to offer park and loan service at a

discounted rate; however, to the extent such discounted

service is offered, it shall be offered on a

nondiscriminatory basis.

6. OPERATIONAL FLOW ORDERS

6.1 In the event that Transporter determines, in its

sole discretion, that some or all park and loan services

must be interrupted or curtailed in order to satisfy

Transporter's obligations to Shippers under the RTS, ITS,

or HUB Rate Schedules, or that such interruption or

curtailment is otherwise necessary or appropriate to avoid

adverse impact on the operation of