Panhandle Eastern Pipe Line Company, LP

THIRD REVISED VOLUME NO. 1

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

Original Sheet No. 78 Original Sheet No. 78 : Effective

RATE SCHEDULE PS (Continued)

PEAKING STORAGE SERVICE

Percentage of Stored Volume

to the

Maximum Stored Quantity Available Withdrawal Quantities

100% - 30% 100% of MDWQ

<30% - 10% 44% of MDWQ

<10% - 0% 11% of MDWQ

The available Stored Volume shall be increased, up to the

Maximum Stored Quantity, by the Quantity of Gas Shipper transfers

into PS 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 PS 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.

3. SCHEDULING OF RECEIPTS AND DELIVERIES

Storage service hereunder shall comply with the scheduling

provisions of Section 8 of the General Terms and Conditions. In

accordance with the schedule set out in the Service Agreement,

Shipper must provide and nominate the Monthly Stored Volume during

each Month of the Summer Period. If Shipper does not provide and

nominate sufficient Quantities for storage injections during any

Month of the Summer Period, Panhandle shall have the right to inject

Gas into Storage on Shipper's behalf equal to the shortfall and

Shipper shall pay Panhandle a rate equal to the rate for service

under Rate Schedule EIT for receipts at the IOS point and deliveries

to the PS Point near the Michigan and Ohio state line and Shipper

shall purchase the injected Gas from Panhandle in accordance with

Section 12.11(a)(2) of the General Terms and Conditions at the

>5%-10% percentage imbalance level.