Northern Border Pipeline Company

First Revised Volume No. 1

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Effective Date: 09/01/2004, Docket: RP04-204-001, Status: Effective

Substitute First Revised Sheet No. 187 Substitute First Revised Sheet No. 187 : Effective

Superseding: Original Sheet No. 187

RATE SCHEDULE PAL

PARK AND LOAN SERVICE

3. RATE AND PAYMENT

3.1 Maximum and Minimum Rates

The daily Maximum and Minimum Rates for service under this

Rate Schedule are listed on the Statement of Rates of

Company's FERC Gas Tariff.

Buyer shall pay the daily Maximum Rate for service under

this Rate Schedule unless a lower daily rate has been

requested by Buyer and approved by Company. Company is not

obligated to accept a rate for services rendered hereunder

at less than the Maximum Rate.

The charge to be invoiced monthly pursuant to Subsection 6.2

of the General Terms and Conditions for service under this

Rate Schedule shall be as follows:

(a) for service under NPL and APL, the applicable daily

PAL commodity rate multiplied by the quantity of gas

parked or loaned for each separate transaction of

Buyer multiplied by the number of days within such

month that the quantity of gas is parked or loaned;

(b) for service under RPL and OPL, the applicable daily

PAL commodity rate multiplied by the Maximum PAL

Quantity multiplied by the number of days within such

month that service is in effect, all as set forth in

the Exhibit A of the executed PAL Agreement; and