Iroquois Gas Transmission System, L.P.

FIRST REVISED VOLUME NO. 1

Effective Date: 01/21/2008, Docket: RP08- 41-001, Status: Effective

Second Revised Sheet No. 108 Second Revised Sheet No. 108 : Pending

Superseding: First Sheet No. 108

29. PREGRANTED ABANDONMENT & THE RIGHT OF FIRST REFUSAL

29.1 Purpose. This Section 29 sets forth the specific

terms and conditions applicable to Transporter’s pregranted

abandonment authority, the termination of Transporter's

obligations under certain Gas Transportation Contracts and

Shippers right of first refusal as provided by

Order Nos. 636 et al., 637 et al., and the various orders

in Docket No. RM98-10.

29.2 Applicability. This Section 29 applies to Gas

Transportation Contracts executed between Transporter and any

Shipper pursuant to Part 284, 18 C.F.R. Part 284, open access

ITS or RTS Rate Schedules, where the Gas Transportation Contract

terminates by its terms, is extended by mutual agreement between

Transporter and Shipper, or is terminated by Transporter

pursuant to the terms of the Gas Transportation Contract.

Additionally, this section applies to Gas Transportation

Contracts which provide a Shipper with discretion to exercise a

Right of First Refusal consistent with Section 29.6.

29.3 Definitions. For purposes of this Section 29, the

following definitions will apply:

(a) Short-Term Gas Transportation Contract for Firm

Reserved Service. The term Short-Term Gas Transportation

Contract for Firm Reserved Service shall mean any Gas

Transportation Contract for Firm Reserved Service having a

primary term of less than one year

(b) Long-Term Gas Transportation Contract for Firm

Reserved Service. The term Long-Term Gas Transportation Contract

for Firm Reserved Service shall mean any Gas Transportation

Contract for Firm Reserved Service having a primary term of one

year or more.

shall mean the Shipper for which Transporter provides service

under any executed Gas Transportation Contract subject to this

Section 29 and which either pre-qualifies for creditworthiness

under Section 3 of these General Terms and Conditions or

satisfies the provisions of Transporter's FERC Gas Tariff

applicable to the credit evaluations set forth in Section 3 of

these General Terms and Conditions.