Panhandle Eastern Pipe Line Company, LP

THIRD REVISED VOLUME NO. 1

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Effective Date: 06/30/2004, Docket: RP04-321-000, Status: Effective

Original Sheet No. 65 Original Sheet No. 65 : Effective

 

RATE SCHEDULE IOS

IN/OUT STORAGE SERVICE

 

 

 

1. AVAILABILITY

 

This Rate Schedule is available for Natural Gas Storage service

performed by Panhandle Eastern Pipe Line Company, LP (hereinafter

called Panhandle) for any party (hereinafter called Shipper) which

has executed a Service Agreement in the form prescribed under this

Tariff for service under this Rate Schedule.

 

2. APPLICABILITY AND CHARACTER OF SERVICE

 

This Rate Schedule shall apply to Gas made available by Shipper

to Panhandle under firm, interruptible or third party transportation

agreements at the IOS Point and nominated for Storage under this Rate

Schedule, subject to the General Terms and Conditions herein and the

further provisions of the Service Agreement.

 

The service provided hereunder consists of the injection by

Panhandle of Shipper's Gas into Storage, Storage in Panhandle's Field

Area Storage Facilities and the subsequent withdrawal from Storage of

Shipper's Gas, all on a firm basis. Injections may be made at any

time, subject to daily nomination by Shipper and available Maximum

Stored Quantity. The Maximum Daily Injection Quantity (MDIQ) shall

be 1/200th of the Maximum Stored Quantity. Withdrawals may be made

at any time, subject to daily nomination by Shipper and available

Stored Volume. The Maximum Daily Withdrawal Quantity (MDWQ) shall be

1/100th of the Maximum Stored Quantity. Shipper's Maximum Stored

Quantity shall be a uniform quantity throughout the term of the

Service Agreement, except that Panhandle may, but shall not be

obligated to, agree on a not unduly discriminatory basis to certain

differing levels in Shipper's Maximum Stored Quantity for specified

periods during the term of the Service Agreement. The effective

period of each Maximum Stored Quantity level shall be specified in

the executed Service Agreement.

 

The available Stored Volume shall be increased, up to the

Maximum Stored Quantity, by the Quantity of Gas Shipper transfers

into IOS Storage in accordance with Section 14.2 of the General Terms

and Conditions. The available Stored Volume shall be reduced by the

Quantity of Gas Shipper transfers out of IOS Storage in accordance

with Section 14.2 of the General Terms and Conditions.

 

In no event shall Panhandle be obligated to provide any Storage

service for which capacity is not available or which would require

the construction or acquisition of new facilities or the modification

or expansion of existing facilities.