Gulfstream Natural Gas System, L.L.C.

Original Volume No. 1

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Effective Date: 06/01/2006, Docket: RP06-334-000, Status: Effective

Original Sheet No. 165A Original Sheet No. 165A : Effective

GENERAL TERMS AND CONDITIONS

(CONTINUED)

Transporter shall credit the penalty revenue, net of

costs, to the System Balancing Adjustment, Section 23.3

of the General Terms and Conditions. Any penalty

revenue credited to the System Balancing Adjustment

pursuant to this section shall include interest

calculated in accordance with Section 154.501 of the

Commission's regulations.

(b) Balances Remaining Upon PALS Contract Termination

In the event that Transporter receives penalty revenue

from a PALS Shipper as the result of the application of

Section 4.2 of Rate Schedule PALS to such PALS Shipper's

unresolved balance, Transporter shall credit the penalty

revenue received, net of costs, to the System Balancing

Adjustment, Section 23.3 of the General Terms and

Conditions. Any penalty revenue credited to the System

Balancing Adjustment pursuant to this section shall

include interest calculated in accordance with Section

154.501 of the Commission's regulations.