Iroquois Gas Transmission System, L.P.

FIRST REVISED VOLUME NO. 1

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

Third Revised Sheet No. 110 Third Revised Sheet No. 110 : Pending

Superseding: Second Sheet No. 110

Natural Gas Act and Section 284.221(d) of the Commission’s

Regulations, unless otherwise provided in the Short-Term Gas

Transportation Contract for Firm Reserved Service or the Gas

Transportation Contract for Interruptible Service.

29.5 Pregranted Abandonment of Long-Term Gas

Transportation Contract for Firm Reserved Service and Contract

Extensions. Upon the expiration of the contractual term of a

Long-Term Gas Transportation Contract for Firm Reserved Service,

Transporter has pregranted authority to abandon that service and

Transporter shall have no further obligation to render service

under the Long-Term Gas Transportation Contract for Firm

Reserved Service pursuant to Section 7(b) of the Natural Gas Act

and Section 284.221 (d) of the Commission’s Regulations, unless

(i) otherwise provided in the Long-Term Gas Transportation

Contract for Firm Reserved Service; or (ii) the Existing Shipper

elects to Exercise its right of first refusal as prescribed in

Section 29.6 below.

(a) Prior to the expiration of the term of a gas

transportation contract and prior to Transporter posting the

availability of capacity under Existing Shipper's Right of First

Refusal provisions, if applicable, Existing Shipper and

Transporter may mutually agree to an extension of the term of

the service agreement, the exact length of which is to be

negotiated on a case-by-case basis in a not unduly

discriminatory manner (“Initial Contract Extension”).

(b) Second Extension Option. If Transporter and

Shipper mutually agree to an Initial Contract Extension as

provided in Section 29.5 with a term of service of at least

five (5) years, then Shipper shall have two options for further

extending the term of service subsequent to the Initial Contract

Extension: 1) Shipper may elect to use the right of first

refusal process as prescribed in Section 29.6, or 2)

alternatively, Shipper may elect to have a unilateral Second

Extension Option. Shipper must notify Transporter of its

election in writing no later than the time of the execution of

the Initial Contract Extension. In the event Shipper fails to

notify Transporter of its election by the time of the execution

of the Initial Contract Extension, then Shipper shall be

provided only the right of first refusal process as prescribed

in Section 29.6.