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. 65 Third Revised Sheet No. 65 : Effective

Superseding: Second Revised Sheet No. 65

giving or receiving notice of the termination of any

effective OBA, Transporter shall promptly notify all

Shippers via posting on its Electronic Bulletin Board, and

will provide written notification of the giving or

receiving of such notice to the affected shippers by fax or

overnight mail. In any month in which Shipper may be

liable for both Daily and Monthly Imbalance

Penalties, the sum of the excess and deficiency quantities

for which Shipper has been assessed a Daily Penalty shall

be deleted from excess or deficient quantities used in

calculating the monthly penalty. In calculating excess and

deficient quantities, Transporter shall take into

consideration (1) make-up quantities used pursuant to

Transporter's notification to correct any excess

or deficiency in receipt and deliveries and (2) for

purposes of assessing imbalance charges, any offsetting

excess or deficiency in deliveries under other

transportation contracts between Transporter and Shipper.

6.6 Penalty Provisions Not Exclusive. Nothing in

this Section 6 shall limit Transporter's right to take such

action as may be required to adjust deliveries and receipts

in order to alleviate conditions which threaten the

integrity of its system, nor prevent Transporter from

exercising any other legal remedies which may be available.

6.7 Crediting of Overrun Penalty Revenues. In the

event that Transporter assesses and collects overrun

penalties in accordance with the provisions of this

Section 6, such revenues, in excess of Transporter Overrun

Costs, (such excess revenues herein referred to as "Excess

Overrun Revenues") shall be credited to the bills of Rate

Schedule RTS, ITS, and HUB Shippers except the Shipper

responsible for the penalty. The Excess Overrun Revenues

shall be credited among such Shippers based on the ratio of

the Maximum Equivalent Quantity of each such RTS Shipper

and the Scheduled Equivalent Quantity of each such ITS or

HUB Shipper to the sum of the Maximum Equivalent Quantity

of all such RTS Shippers and the Scheduled

Equivalent Quantities of all such ITS or HUB Shippers for

each day on which a penalty is imposed.