Iroquois Gas Transmission System, L.P.

FIRST REVISED VOLUME NO. 1

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Effective Date: 12/04/2005, Docket: RP06- 84-000, Status: Effective

Third Revised Sheet No. 115 Third Revised Sheet No. 115 : Effective

Superseding: Second Revised Sheet No.115

to the Competing Offer. To match the Competing Offer, the

Existing Shipper must match the highest present value of the

Competing Offer. Transporter shall evaluate whether the Existing

Shipper has matched the Competing Offer by using the same

methodology used to determine the successful Offering Shipper’s

bid in accordance with Section 29.6 (h). If the Existing Shipper

agrees to match the Competing Offer, Transporter will provide

transportation service to the Existing Shipper upon execution of

a Gas Transportation Contract containing the terms agreed-upon

in the matched offer. If the Existing Shipper elects not to

match the Competing Offer, Transporter has pregranted authority

to abandon that service and Transporter shall have no further

obligation to render service under the Existing Shipper's Gas

Transportation Contract pursuant to Section 7 (b) of the Natural

Gas Act and Section 284.221 (d) of the Commission's Regulations,

and Transporter will provide transportation service to the

Shipper that offered the Competing Offer upon execution of a Gas

Transportation Contract containing the terms agreed-upon in the

Competing Offer. Transporter will post the terms of the

Accepted offer on its Electronic Bulletin Board.

(k) Negotiation Procedures Between Transporter and

Existing Shipper. If no Shipper offers a competing bid or

Transporter rejects all bids received, Transporter and the

Existing Shipper may negotiate and mutually agree to terms and

conditions applicable to a new Gas Transportation Contract for

Firm Reserved Service. If Transporter and the Existing Shipper

have not reached agreement on the terms and conditions for a new

Gas Transportation Contract for Firm Reserved Service upon

termination of the existing Long-Term Gas Transportation

Contract for Firm Reserved Service, Transporter must continue to

Provide service to the Existing Shipper only if that Shipper

agrees to pay the maximum rate permitted under Transporter's

FERC Gas Tariff for a term that the Existing Shipper elects;

provided, however, the Existing Shipper must elect the length of

the extended term sixty (60) days prior to termination of the

contractIf the Existing Shipper refuses to pay the

maximum authorized rate, Transporter has pregranted authority

to abandon service and Transporter shall have no further

obligation to render service under the Existing Shipper's Gas

Transportation Contract pursuant to Section 7(b) of the