*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

**EIGHTH REVISED SHEET NO. 106 **EIGHTH REVISED SHEET NO. 106

Superseding: SEVENTH REVISED SHEET NO. 106

(b) Subject to the provisions of

Section 28.14(c) below, Bidders may bid for released capacity by

submitting bids up to the Maximum Transportation Demand Rate

under the applicable RTS Rate Schedule plus any fees and/or

charges that would have been paid by Releasing Shipper pursuant

to Section 4.3 of the RTS Rate Schedule, or the volumetric

equivalent of such maximum rate. If the Releasing Shipper is

paying a Negotiated Rate or a rate under a Negotiated Rate

Formula pursuant to Section 32 of these General Terms and

Conditions, a bidder may not bid a rate that exceeds the

applicable Recourse Rate plus any fees and/or charges that would

have been paid by Releasing Shipper pursuant to the provisions of

Section 32 of the General Terms and Conditions of this tariff and

the terms of the Gas Transportation Contract between Releasing

Shipper and Transporter. Converting a daily rate to monthly rate

is accomplished by multiplying the daily rate times the number of

days in the rate period, dividing the result by the number of

months in the rate period, and taking the remainder out to 5

decimal places and rounding up or down to 4 decimal places.

Converting a monthly rate to a daily rate is accomplished by

multiplying the monthly rate by the number of months in the rate

period, dividing the result by the number of days in the rate

period and taking the remainder out to 5 decimal places and

rounding up or down to 4 decimal places.

(c) No rate cap shall apply to any capacity

releases under Section 28.14(a) or (b) with terms of less than

or equal to one year. For purposes of applying any rate cap

applicable to capacity releases under Section 28.14 (a) or (b)

with terms of greater than one year, the maximum rate shall be

the Maximum Transportation Demand Charge and Transportation

Commodity Charge set forth in the currently effective

Sheet Nos. 4 and 4C of this FERC Gas Tariff, as applicable.