Iroquois Gas Transmission System, L.P.

FIRST REVISED VOLUME NO. 1

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Effective Date: 01/27/2009, Docket: RP09-283-000, Status: Effective

THIRD REVISED SHEET NO. 99 THIRD REVISED SHEET NO. 99

Superseding: SECOND REVISED SHEET NO. 99

(xii) whether the Releasing Shipper will

accept bids on a volumetric or one-part basis, and, if so,

the minimum acceptable volumetric commitment if any;

(xiii) the date and time the Release

Notice is posted on Transporter's Electronic Bulletin Board

subject to the requirements of Section 28.6(a);

(xiv) the date and time that bidding will

cease subject to the requirement of Section 28.6(a). Any

extension of the end date and time for accepting bids will

require that Releasing Shipper withdraw the offer to release

capacity and post a new release with the extended end date and

time;

(xv) whether the Releasing Shipper is willing

to release such capacity for a shorter period of time and, if so,

the minimum acceptable period of the release;

(xvi)in accordance with NAESB WGQ Standard

5.3.60 and FERC Order 587 et al, an indication as to whether or

not Transporter should provide the original Releasing Shipper

with Internet E-mail notification reasonably proximate in time

with any of the following formal notices given by Transporter to

the Releasing Shipper’s Replacement Shipper(s), of the following:

(1) Notice to the Replacement Shipper regarding the Replacement

Shipper’s past due, deficiency, or default status; (2) Notice to

the Replacement Shipper regarding the Replacement Shipper’s

suspension of service notice; (3) Notice to the Replacement

Shipper regarding the Replacement Shipper’s contract termination

notice due to default or credit-related issues; and (4) Notice to

the Replacement Shipper that the Replacement Shipper(s) is no

longer creditworthy and has not provided credit alternative(s)

pursuant to section 3 of the General Terms and Conditions.

If no indication is provided, it shall be assumed that

Transporter should provide the original Releasing Shipper with

such notification;

(xvii) whether the Releasing Shipper is

releasing such capacity as part of an AMA and the asset manager’s

obligation to deliver gas to, or purchase gas from, the releasing

shipper;

(xviii) whether the Releasing Shipper is

releasing such capacity as part of a RCP; and

(xix) all other relevant terms of the pre-

arranged release.

(d) Once a Releasing Shipper has provided

Transporter a notice of its election to release capacity, such

offer shall be binding upon Releasing Shipper until Transporter

receives written or electronic notice of withdrawal. The

Releasing Shipper has the right to withdraw its offer during the

bid period where unanticipated circumstances justify and no

minimum bid has been made. Assuming that Transporter has

determined that the Release Notice contains no deficiencies,

once the bidding period closes, the Release Notice shall

constitute a binding offer to release capacity to a Successful

Bidder(s) whose bid satisfies all the minimum terms specified in

the Release Notice.