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. 70 Original Sheet No. 70 : Effective

RATE SCHEDULE IIOS (Continued)

INTERRUPTIBLE IN/OUT STORAGE SERVICE

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.

3. RATES

The rates and charges for Storage service under this Rate

Schedule shall be as follows:

3.1 Monthly Inventory Charge

Shipper shall pay a Monthly Inventory Charge which shall

be the product of the inventory charge per Dt. as set

forth on the effective Tariff Sheet No. 10 times the

average daily IIOS Stored Volume for the Month.

3.2 Injection Charge

Shipper shall pay an Injection Charge which shall be the

product of the Quantity of Gas actually delivered at the

IOS Point and injected into Storage during the Month times

the injection charge per Dt. as set forth on the effective

Tariff Sheet No. 10.

3.3 Withdrawal Charge

Shipper shall pay a Withdrawal Charge which shall be the

product of the Quantity of Gas actually withdrawn from

Storage and delivered to Shipper at the IOS Point during

the Month times the withdrawal charge per Dt. as set forth

on the effective Tariff Sheet No. 10.

3.4 Surcharges

Shipper shall pay all surcharges specified in the General

Terms and Conditions or which otherwise may be applicable

to service under this Rate Schedule from time to time.