Gulfstream Natural Gas System, L.L.C.

Original Volume No. 1

Effective Date: 08/11/2004, Docket: RP04-397-000, Status: Effective

First Revised Sheet No. 40 First Revised Sheet No. 40 : Effective

Superseding: Original Sheet No. 40

RATE SCHEDULE PALS

Parking and Lending Service

1. AVAILABILITY

This Rate Schedule is available to any Shipper for the parking

and lending of Gas from Transporter, subject to the following

limitations:

1.1 Transporter has determined that it is operationally able

to render such service;

1.2 Shipper and Transporter have executed an Agreement under

this Rate Schedule. Shipper shall be required to

execute a separate Agreement for Parking Service and

Lending Service, if Shipper desires both services.

2. APPLICABILITY AND CHARACTER OF SERVICE

2.1 This Rate Schedule shall apply to service which is

rendered by Transporter for Shipper pursuant to an

executed Agreement under this Rate Schedule.

2.2 Service under this Rate Schedule shall consist of either

parking or lending of Gas during any Day, or part

thereof. Service rendered by Transporter under this

Rate Schedule shall be interruptible and shall consist

of:

(a) Parking Service. Parking Service is an

interruptible service which provides for (1) the

receipt by Transporter of Gas quantities delivered

by Shipper to receipt point(s) nominated by

Shipper for receipt of parked quantities; (2)

Transporter holding the parked quantities on

Transporter's pipeline system; and (3) return of

the parked quantities to Shipper, provided,

however, that Transporter is not obligated to

return parked quantities on the same Day and at

the same point(s) at which the Gas is parked.