Texas Eastern Transmission Corporation

Sixth Revised Volume No. 1

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Effective Date: 12/01/2000, Docket: RP01- 69-000, Status: Effective

Fifth Revised Sheet No. 624 Fifth Revised Sheet No. 624 : Effective

Superseding: Fourth Revised Sheet No. 624

GENERAL TERMS AND CONDITIONS

(Continued)

(C) Each year, Pipeline shall file a statement with the Commission

comparing total Rate Schedules PTI, IT-1 and ISS-1 revenues

(less applicable surcharges and variable costs incurred in

providing the service) received during the twelve (12) month

period ending June 30 against the non-gas cost of service

allocated to be recovered from Rate Schedules PTI, IT-1 and ISS-

1. Pipeline shall separately compare Rate Schedule LLIT and

VKIT revenues, less applicable surcharges and variable costs,

during the twelve (12) month period ending June 30 against the

cost of service allocated to be recovered during such

reconciliation period from each Rate Schedule LLIT and VKIT,

respectively. To the extent revenues derived from any of the

comparisons described above exceed such cost of service

allocation, Pipeline shall credit ninety percent (90%) of such

excess revenue, less applicable surcharges and variable costs

incurred in providing the service, against Pipeline's Applicable

Shrinkage Deferred Account, discussed in Section 15.6(D)(1) of

these General Terms and Conditions. Pipeline shall retain the

remaining ten percent (10%) of such excess revenue and all

applicable surcharges and variable costs incurred in providing

the service without any refund obligation.