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. 340 Third Revised Sheet No. 340 : Effective

Superseding: Second Revised Sheet No. 340

GENERAL TERMS AND CONDITIONS (Continued)

38. FUEL REIMBURSEMENT ADJUSTMENT PROVISION (Continued)

38.8.3 Transporter will assess carrying charges on the

applicable Account No. 182.3, Unrecovered Fuel

Reimbursement Account-Transportation carrying charge

base. The carrying charge shall be the product of

Subsections 38.8.3.1 and 38.8.3.2 below:

38.8.3.1 The carrying charge base shall be the prior

month's balance in the applicable Unrecovered

Fuel Reimbursement Account-Transportation, net

of applicable deferred income taxes and an

adjustment necessary to effectuate quarterly

compounding of carrying charges.

38.8.3.2 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%.

38.8.4 As specified in Subsection 38.8.1, the portion of all

refunds or revenue credits impacting the Cost of

Transportation Company Use and Lost and Unaccounted For

gas or the Cost of Electric Power Purchased For

Transportation Operations, including any out-of-period

billing adjustments, along with the related interest

paid, shall be included in the applicable Unrecovered

Fuel Reimbursement Account-Transportation. For

purposes of this Fuel Reimbursement Adjustment

Provision, the transportation-related portion of any

such refunds, revenue credits or out-of-period

adjustments relating to the Cost of Transportation

Company Use and Lost and Unaccounted For gas shall be

determined by multiplying those amounts by the ratio of

the actual quantities of Transportation-Company Use and

Lost and Unaccounted For gas during the twelve 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 quantities during the same period.

The transportation-related portion of any such refunds,

revenue credits or out-of-period adjustments relating