Iroquois Gas Transmission System, L.P.

FIRST REVISED VOLUME NO. 1

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

Original Sheet No. 39B Original Sheet No. 39B : Effective

3. ACCOUNT BALANCES; TRANSPORTATION; ASSIGNMENTS

3.1 Transporter shall establish an account for each

Shipper using this service which reflects the Loan Balance

at the Waddington Receipt Point. Whenever Transporter

delivers Loaned Quantities to a Shipper, the quantities

delivered will be added to the Shipper's “Loan Balance”.

When Loaned Quantities are redelivered (Loan Payback),

Transporter will subtract the Loan Payback quantity from

the Shipper's Loan Balance.

3.2 Transporter shall accept Loan Payback of Loaned

Quantities only at the Waddington Receipt/Delivery Point.

A Loan Payback may occur prior to transportation of Loaned

Quantities under this Rate Schedule HUB.

3.3 Transportation Path. Transporter shall transport

Loaned Quantities under this Rate Schedule HUB to any point

on Transporter’s system as nominated by Shipper and

scheduled by Transporter.