PSC NO: 4 GAS STATEMENT TYPE: GSC ORANGE AND ROCKLAND UTILITIES, INC. STATEMENT NO: 44 INITIAL EFFECTIVE DATE: 07/01/04 STATEMENT OF GAS SUPPLY CHARGE

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PSC NO: 4 GAS STATEMENT TYPE: GSC STATEMENT NO: 44 INITIAL EFFECTIVE DATE: 07/01/04 STATEMENT OF GAS SUPPLY CHARGE Applicable to Billing Under Service Classification Nos. 1 and 2 of S.C. Nos. 1&2 Customers Item GSC Price 1. AVERAGE COST OF GAS The average cost of gas per 100 cubic feet determined on June 22, 2004 is computed in accordance with the cost of gas provisions as defined in General Information Section No. 12.1. 82.619 2. Factor of Adjustment - System loss allowance 1.033 3. Resulting Gas Cost Including Losses ( 1 multiplied by 2) 85.345 4. Surcharge from the annual reconciliation period ending August 31, 2003 to be applied commencing January 1, 2004 through December 31, 2004 2.893 5. Surcharge for the annual reconciliation period ending August 31, 2003 0.000 6. GAS SUPPLY CHARGE Applicable to service rendered on and after the effective date of this statement, and thereafter until changed. 88.238

PSC NO: 4 GAS STATEMENT TYPE: MGA STATEMENT NO: 44 INITIAL EFFECTIVE DATE: 07/01/04 STATEMENT OF MONTHLY GAS ADJUSTMENTS Effective for Service Rendered On or After July 1, 2004 Applicable to the Billing Under Service Classification Nos 1, 2 and 6 of Service Service Classification No. 6 Classification Pre-Aggregation Post-Aggregation Rider B Nos. 1 and 2 10 / 01 / 96 10 / 01 / 96 Rate Schedule II A. Monthly Gas Adjustments Applied to All Volumes Used: cents/ccf cents/ccf cents/ccf cents/ccf 1. Transition Surcharge 0.850 0.000 0.850 0.850 2. Surcharge/(Credit) for Sharing of Benefits (1.750) (1.750) (1.750) (1.750) 3. Gas in Storage Working Capital 0.622 0.124 0.124 0.124 4. Interim Backout Credit 0.000 (0.800) (0.800) 0.000 5. Research and Development Surcharge 0.179 0.179 0.179 0.179 6. Recovery of Prepaid Algonquin Capacity Costs 0.053 N/A N/A N/A Per Order in Case 91-G-0128. 7. Peak Shaving Supply N/A 0.021 0.021 0.021 8. Pipeline Refund (January - December 2004) (1.920) 0.000 0.000 0.000 9. Interim Backout Lost Revenue Adjustment 0.244 0.244 0.244 0.000 10. MONTHLY GAS ADJUSTMENT (1.722) (1.983) (1.133) (0.577) B. Balancing Fee - Applicable to Service Classification No. 6 Only (November - March): 0.0000 0.0000 0.0000 C. Conversion Factor - Applicable to Service Classification No. 6 Only (therms/ccf) 1.032 1.032 1.032 D. Increase in Rates and Charges: Revenue tax surcharge factors shall be applied to all rates and charges in accordance with General Information Section 15.

PSC NO: 4 GAS STATEMENT TYPE: IGR STATEMENT NO: 82 STATEMENT OF INTERRUPTIBLE GAS RATES Applicable to Billing under Service Classification No. 3 of 1. Maximum Allowable Unit Charge a) Tail Block Delivery Rate of SC2 21.790 b) Plus the GSC (Statement No. GSC-44) 88.238 c) Plus the MGA (Statement No. MGA-44) (1.722) d) Total Maximum Allowable Unit Charge 108.306 a) Average Commodity Cost of Gas Purchased 62.644 b) Factor of Adjustment (Statement No. GSC-44) 1.033 c) Minimum Allowable Unit Charge 64.711 Applicable to Interruptible Customer Category: A B C 3. Unit Charge 82.711 87.711 108.306 4. Unit Markup (line 3 - line 2c) 18.000 23.000 43.595 5. Effective Charge in Certain Villages and Cities. 84.028 89.113 110.057 6. Effective Charge in All Other Areas. 83.184 88.218 108.951 7 Weighted Average Cost of Transportation Used in the $16.0200 /Dth Determination of the Penalty Charge and the Emergency Service Charge. Customer Categories are defined as: Category A - No. 6 Oil, 2% sulfur content or higher Category B - No. 6 Oil, less than 2% sulfur content Category C - All Others

PSC NO: 4 GAS STATEMENT TYPE: DFR STATEMENT NO: 82 STATEMENT OF DUAL FUEL GAS RATES Applicable to Billing Under Service Classification No. 5 of 1. Maximum Allowable Unit Charge a) Tail Block Delivery Rate of SC2 21.790 b) Plus the GSC (Statement No. GSC-44) 88.238 c) Plus the MGA (Statement No. MGA-44) (1.7220) TOTAL 108.306 a) Average Cost of Gas Purchased ( Statement No. GSC-44) 82.619 b) Factor of Adjustment 1.033 c) Average Commodity Cost of Gas Sold 85.345 d) Plus Transition Surcharge 0.850 TOTAL 86.195 Applicable to Interruptible Customer Category: A B C 3. Unit Charge 108.306 108.306 108.306 4. Effective Charge in Certain Villages and Cities. 110.029 110.029 110.029 5. Effective Charge in All Other Areas. 108.924 108.924 108.924 Customer Categories are defined as: Category A - No. 6 Oil, 2% sulfur content or higher Category B - No. 6 Oil, less than 2% sulfur content Category C - All Others

PSC NO: 4 GAS STATEMENT TYPE: NGV STATEMENT NO: 82 STATEMENT OF NATURAL GAS VEHICLE RATES Applicable to Billing Under Service Classification No. 7 of 1. Maximum Allowable Unit Charge Tail Block Delivery Rate of SC2 21.790 Plus the GSC (Statement No. GSC-44) 88.238 Plus the MGA (Statement No. MGA-44) (1.722) TOTAL 108.306 Average Commodity Cost of Gas 64.711 Plus 5 5.000 TOTAL 69.711 INITIAL TERM THEREAFTER 3. Average Gasoline Price 158.080 158.080 (month of May) 4. Less: Differential 35.000 25.000 5. Difference 123.080 133.080 6. Conversion Factor 1.100 1.100 7. Equivalent Difference 111.891 120.982 ( 5 divided by 6) 8. Unit Charge 108.306 108.306 9. Effective Charge in Certain Villages and Cities 110.057 110.057 10. Effective Charge in All Other Areas 108.951 108.951 Effective Charges do not include any applicable Federal, State and/or local taxes.

PSC NO: 4 GAS STATEMENT TYPE: ITSS STATEMENT NO: 82 STATEMENT OF INTERRUPTIBLE TRANSPORTATION AND SUPPLEMENTAL SALES CHARGES Applicable to Billing Under Service Classification No. 8 * of 1. Maximum Allowable Base Charge Tail Block Delivery Rate of SC2 21.790 Minus 5 Cents per Ccf 5.000 16.790 Average Commodity Cost of Gas Multiplied 64.711 by Five Percent X 0.05 3.236 3. Base Charge 5.500 4. Transportation Charge Effective Charges Billing Certain Cities Rate and Villages Other Areas First 1000 CCF or less $150.00 $152.55 $151.01 Next 49,000 CCF @ 10.500 10.678 10.571 Next 50,000 CCF @ 8.000 8.136 8.054 Over 100,000 CCF @ 5.500 5.593 5.537 5. Weighted Average Cost of Transportation Used in the $16.0200 /Dth Determination of Over and Under-Delivery Charges, Penalty Charges and the Emergency Service Charge For the Supplemental Sales Charges, see STATEMENT OF INTERRUPTIBLE GAS RATES STATEMENT NO. IGR - 82 * 5 is also applicable to Service Classification Nos. 13 and 14.

PSC NO: 4 GAS STATEMENT TYPE: QST STATEMENT NO: 81 INITIAL EFFECTIVE DATE: 07/01/04 STATEMENT OF RATES TO QUALIFIED SELLERS AND FIRM TRANSPORTERS OF GAS Effective for Service Rendered On or After July 1, 2004 Applicable to the Billing Under Service Classification No. 11 of A. Weighted Average Cost of Firm Pipeline Capacity $13.3300 /Dth B. Winter Bundled Sales ("WBS"): WBS Gas Purchases (November - March) $0.0000 /Dth C. Conversion Factor (Dth/Mcf) 1.032 D. Increase in Rates and Charges: Revenue tax surcharge factors shall be applied to all rates and charges in accordance with General Information Section 15.