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

First Revised Sheet No.65A First Revised Sheet No.65A : Effective

Superseding: Original Sheet No. 65A

GENERAL TERMS AND CONDITIONS (continued)

Rate Schedule RTS, ITS, and HUB Shippers

entitled under this Section 6.7 to Excess Overrun Revenue

credits shall receive such credits to their Rate Schedule

RTS, ITS, and HUB bills for the month following the month

in which the later of the following events occurs:

(a) Transporter collects the associated

overrun penalties from all Shippers responsible for the

overrun; and

(b) Transporter reasonably is able to

determine the total amount of all Transporter Overrun

Costs.

6.8 Crediting of Scheduling and Balancing Penalty

Revenues. In the event that Transporter assesses upon

and/or collects from any Shipper scheduling or balancing

penalties in accordance with the provisions of this Section

6, such revenues shall be credited to the bills of all Rate

Schedule RTS, ITS, and HUB Shippers, except the Shipper

responsible for the penalty, 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

Quantities of all such RTS Shippers and the Scheduled

Equivalent Quantity of all such ITS or HUB Shippers for

each day on which such a penalty is imposed. Rate Schedule

RTS, ITS, and HUB Shippers entitled to credits under this

Section 6.8 shall receive such credits to their Rate

Schedule RTS, ITS, and HUB bills for the month following

the month in which Transporter collects the associated

scheduling and balancing penalties. The Shipper

responsible for the penalty will be precluded from sharing

in penalty revenues only in the month in which the offense

occurred.

6.9 Imbalance Resolution Procedures. It is the

responsibility of the Shipper to eliminate end-of-month

imbalances. Any net imbalance remaining between allocated

receipt quantities and allocated delivery quantities may be

resolved through the trading method. On or before the

ninth business day of each month, Transporter will provide

Shipper a statement of its imbalance quantities. At

Shipper's request, Transporter shall post on its EBB that

Shipper's end of the month imbalance position. Shippers

will have until the seventeenth (17th) business day of the

month to resolve any imbalance provisions. All trades

shall be requested and confirmed via Transporter's EBB.

A Positive Imbalance occurs when the allocated receipt

Quantity is greater than the allocated delivery quantity.