Williston Basin Interstate Pipeline Co.

Second Revised Volume No. 1

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Effective Date: 02/01/1997, Docket: RP97-215-000, Status: Effective

Third Revised Sheet No. 336 Third Revised Sheet No. 336 : Effective

Superseding: Second Revised Sheet No. 336

GENERAL TERMS AND CONDITIONS (Continued)

38. FUEL REIMBURSEMENT ADJUSTMENT PROVISION (Continued)

Reimbursement Account-Storage, net of

applicable deferred income taxes and an

adjustment necessary to effectuate quarterly

compounding of carrying charges.

38.7.3.2 Transporter shall compute a monthly carrying

charge rate utilizing the effective annual

FERC-approved interest rate prescribed in

Section 154.501 of the FERC's Regulations.

Such rate shall be expressed to the nearest

one ten-thousandth of 1%.

38.7.4 As specified in Subsection 38.7.1, the portion of all

refunds or revenue credits impacting the Cost of

Storage Company Use and Lost and Unaccounted For gas or

the Cost of Electric Power Purchased For Storage

Operations, including any out-of-period billing

adjustments, along with the related interest paid,

shall be included in the applicable Unrecovered Fuel

Reimbursement Account-Storage. For purposes of this

Fuel Reimbursement Adjustment Provision, the contract

storage-related portion of any such refunds, revenue

credits or out-of-period adjustments relating to the

Cost of Storage Company Use and Lost and Unaccounted

For gas shall be determined by multiplying those

amounts by the ratio of the actual quantities of

Storage-Company Use and Lost and Unaccounted For gas

allocated to contract storage service during the twelve

(12) month period ending the month prior to receipt of

the refund, revenue credit or adjustment, to the sum of

the actual total quantities of Company Use and Lost and

Unaccounted For gas during the same period. The

contract storage-related portion of any such refunds,

revenue credits or out-of-period adjustments relating

to the Cost of Electric Power Purchased For Storage

Operations shall be directly applied to the applicable

Unrecovered Fuel Reimbursement Account-Storage.

38.7.5 Transporter shall establish and maintain a storage

amortizing subaccount of the Unrecovered Fuel

Reimbursement Account-Storage.