Williston Basin Interstate Pipeline Co.

Second Revised Volume No. 1

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Effective Date: 08/01/2003, Docket: RP03-286-004, Status: Effective

Fifth Revised Sheet No. 324 Fifth Revised Sheet No. 324 : Effective

Superseding: Fourth Revised Sheet No. 324

GENERAL TERMS AND CONDITIONS (Continued)

38. FUEL AND ELECTRIC POWER REIMBURSEMENT ADJUSTMENT PROVISION (Continued)

38.5.2.2 The Electric Power Reimbursement Current Rate

per unit of transportation service shall include the

projected transportation cost of electric power

(Transportation Electric Power Cost) for the effective

period and the portion of Transporter's projected storage

cost of electric power not allocated to contract storage

(System Storage Electric Power Cost) as described in

Subsection 38.5.2.1 hereof. The sum of the System Storage

Electric Power Cost and the Transportation Electric Power

Cost shall be divided by the Projected Transportation

Quantities for the effective period to calculate the

Electric Power Reimbursement Current Rate-Transportation.

38.5.3 The resulting Electric Power Reimbursement Current

Rate-(Gathering, Storage and/or Transportation) shall be added to

the Electric Power Reimbursement Deferral Rate-(Gathering,

Storage and/or Transportation), as determined in accordance with

Subsection 38.6 hereof, to calculate the Total Electric Power

Reimbursement Rate-(Gathering, Storage and/or Transportation).

38.6 Electric Power Reimbursement Deferral Rate:

38.6.1 The Electric Power Reimbursement Deferral Rate-

(Gathering, Storage and/or Transportation) shall be determined by

dividing the applicable balance accumulated in the Electric Power

Reimbursement Deferral Account-(Gathering, Storage and/or

Transportation), defined as the net cumulative balance for the

deferral period ending three (3) months prior to the effective

date of Transporter's annual filing described in Subsection 38.2,

by the applicable Projected Quantities.

38.6.2 Electric Power Reimbursement Deferral Account

38.6.2.1 Transporter shall establish and maintain

subaccounts of the Electric Power Reimbursement Deferral

Account-(Gathering, Storage and/or Transportation), as

applicable to accumulate under-recovered and/or over-

recovered electric power costs. The accumulated balance of

each deferral subaccount in Account No. 182.3 may include

the following: