Iroquois Gas Transmission System, L.P.

FIRST REVISED VOLUME NO. 1

Effective Date: 03/17/2005, Docket: RP05-185-000, Status: Effective

Second Revised Sheet No. 113 Second Revised Sheet No. 113 : Effective

Superseding: First Revised Sheet No. 113

post all information relevant to the Bid Notification on

Transporter's Electronic Bulletin Board with all other Bid

Notifications at the end of the open season. Once

Transporter posts the Offering Shipper's Bid Notification,

the bid will be an offer to enter into a Gas Transportation

Contract that remains open and on Transporter's Electronic

Bulletin Board until (i) Transporter accepts a bid;

(ii) Transporter rejects all bids; or (iii) the Offering

Shipper withdraws its Bid Notification in writing or via

Transporter's Electronic Bulletin Board, whichever occurs

first. Under no circumstances will a Bid Notification bind

any party until all appropriate Gas Transportation Contracts

have been executed in accordance with the terms and

conditions of Transporter's FERC Gas Tariff.

(f) Offering Shipper's Bid Notification.

The Offering Shipper's Bid Notification shall include:

(i) the Offering Shipper's legal name

and the number of the terminating Gas Transportation

Contract;

(ii) the capacity for which the Offering

Shipper seeks transportation service, stated in Dth/d;

(iii) the Receipt and Delivery Points;

(iv) the proposed commencement and

termination dates for the service to be provided;

(v) the maximum rate the Offering

Shipper is willing to pay for the transportation service;

and

(vi) any other terms that may be

relevant.

(g) Offering Shipper's Bid Notification

Deposit. Transporter may require, in a not unduly

discriminatory manner, an Offering Shipper to tender a check

made out to Transporter as a Bid Notification deposit in the

amount of $10,000 within ten (10) days of posting of its Bid

Notification. If a deposit has been requested, Transporter will

return the Offering Shipper's deposit if (i) Transporter rejects

the Offering Shipper's bid; (ii) the Offering Shipper fails to

meet all of Transporter's FERC Gas Tariff provisions governing