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Bluelake Storage Company   Third Revised Sheet No. 154 : Effective
FERC Gas Tariff Supersedes Second Revised Sheet No. 154
Bluelake Storage Company


   
   
                         GENERAL TERMS AND CONDITIONS
                                  (Continued)
   
   
  13. BILLING ADJUSTMENT FOR LIQUIDS REVENUES
   
      13.1  Monthly Billing Adjustment.  A billing adjustment shall be made
            monthly to Customers bills rendered pursuant to Section 8 of
            these General Terms and Conditions, to reflect the credit, if
            any, for Liquids Revenues collected by Seller.  A pro rata
            allocation of such revenue will be credited to each Customer,
            and will appear on the invoice for the next Months business
            following actual receipt by Seller of such revenues.
   
      13.2  Allocation Base.  Customers will receive a pro rata allocation
            of a particular Months Liquids Revenues, based upon the
            following allocation base:
   
            (a)   Rate Schedule FS Customers:  The Maximum Storage Quantity
                  such Customer had a right to store in the Month the
                  Liquids Revenues were received; and
   
            (b)   Rate Schedule IS Customers:  The Average Monthly Storage
                  Volume the Customer stored in the Month the Liquids
                  Revenues were received.
   
      13.3  Monthly Credit.  Each Customer will receive a Monthly credit
            based upon the formula
   
                           X (Y / Z), where:
   
            X = Total Liquids Revenues collected by Seller in a Month
            Y =  The Customers allocation base derived in accordance with
                 Section 13.2, above; and
            Z =  The Sum of all of Customers allocation bases derived in
                 accordance with Section 13.2, above.
   
  14. INTERNET WEBSITE
   
      Seller has established an Internet Website ("Internet Site") through
      the use of a third party provider Latitude Technologies, Inc. that
      will be available to any existing or potential Customer on Sellers
      system.  The Internet Site shall be interactive and contain relevant
      informational posting requirements.  Such site is located at
      "www.latec.com/bluelake".  Seller shall notify Customer of any change
      to its Internet Site procedures or Web address.







Issued by: Gary Charette, Chairman
Issue date: 10/01/07 Effective date: 11/01/07