Williston Basin Interstate Pipeline Co.

Second Revised Volume No. 1

Effective Date: 09/01/2003, Docket: RP03-286-000, Status: Suspended

Second Revised Sheet No. 325 Second Revised Sheet No. 325 : Suspended

Superseding: First Revised Sheet No. 325

GENERAL TERMS AND CONDITIONS (Continued)

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

38.7.2.1.1.3 Transporter shall then

determine the Cost of Electric Power for

Gathering, Storage and/or Transportation,

recovered by multiplying the Electric Power

Reimbursement Current Rate-(Gathering, Storage

and/or Transportation), in effect, as

applicable, by the total actual quantity of

applicable gathering, storage and/or

transportation service during that month. The

monthly deferral amount shall be the difference

between the costs derived in Subsections

38.7.2.1.1.1 or 38.7.2.1.1.2 and 38.7.2.1.1.3

herein, as applicable.

38.7.2.1.1.4 The Electric Power

Reimbursement Deferral Account-(Gathering,

Storage and/or Transportation) shall be

decreased or increased, as applicable, each

month by an amount determined by multiplying

the Electric Power Reimbursement Deferral Rate-

(Gathering, Storage and/or Transportation), as

applicable, in effect each month by the

applicable gathering, storage and/or

transportation quantities of service during

that month.

38.7.2.1.2 The gathering, storage and/or

transportation portion, as applicable, of all

electric power reimbursement related out-of-period

adjustments.

38.7.2.1.3 Carrying charges on the monthly

deferral balance as specified herein.

38.7.2.1.3.1 The carrying charge base shall

be the prior month's balance in the applicable

Unrecovered Electric Power Reimbursement

Deferral Account-(Gathering, Storage and/or

Transportation), net of applicable deferred

income taxes and an adjustment necessary to

effectuate quarterly compounding of carrying

charges.