Iroquois Gas Transmission System, L.P.

FIRST REVISED VOLUME NO. 1

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

Original Sheet No. 39F Original Sheet No. 39F : Effective

5.4 Discounted Rate. For purposes of administering

rates under this Rate Schedule HUB, Transporter shall have

the right to discount the Maximum Daily Balance Rate and

the Maximum Hub Service Commodity Rate for hub service

under this Rate Schedule HUB 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 Minimum Daily Balance Rate and the

Minimum Hub Service Commodity Rate reflected on the

currently effective Sheet No. 5A of the FERC Gas Tariff.

Transporter shall not be required to offer hub service at a

discounted rate; however, to the extent such discounted

service is offered, it shall be offered on a

non-discriminatory basis.

6. OPERATIONAL FLOW ORDERS

6.1 In the event that Transporter determines, in its

sole discretion, that some or all hub services must be

interrupted or curtailed in order to satisfy Transporter's

obligations to Shippers under the RTS Rate Schedule, or

that such interruption or curtailment is otherwise

necessary or appropriate to avoid adverse impact on the

operation of