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. 88 Original Sheet No. 88 : Effective

RATE SCHEDULE GDS (Continued)

GENERAL DELIVERY SERVICE

Service under this Rate Schedule shall be provided to the

extent of the Transportation and Storage service the Shipper

specifies in the Service Agreement hereunder and the Quantities of

Gas Shipper makes available to Panhandle for Transportation and

Storage service; provided, the Maximum Daily Withdrawal Quantity

under Rate Schedule IOS or an eligible Storage Agreement under Rate

Schedule FS, may not be less than twenty percent (20%) of the Maximum

Daily Contract Quantity specified in the Service Agreements under

Rate Schedule EFT or Rate Schedule SCT that Shipper permits Panhandle

to manage pursuant to this Rate Schedule.

If, after any six consecutive Months, Shipper has experienced

excessive Transportation imbalances or overruns or both, and if

Shipper does not agree to increase the Maximum Stored Quantity under

Rate Schedule IOS or an eligible Storage Agreement under Rate

Schedule FS, specified in the Service Agreement hereunder, Panhandle

shall be permitted to terminate the service management assistance

provided hereunder at the beginning of any subsequent Month except to

the extent required to provide "No Notice Service" as described in

Section 3 hereof. In the event service management assistance

provided hereunder is terminated in whole or in part, Transportation

and Storage services shall continue in accordance with the applicable

Rate Schedules and Service Agreements.

3. NO NOTICE SERVICE

Under Rate Schedule GDS, Panhandle shall provide no notice

service at the Point of Delivery on any Day up to the Maximum Daily

Withdrawal Quantity of Rate Schedule IOS or an eligible Storage

Agreement under Rate Schedule FS and, the Maximum Daily Withdrawal

Quantity of Rate Schedules WS, PS and other FS specified in the

Service Agreement hereunder subject to the prior receipt by Panhandle

of sufficient Stored Quantities under Rate Schedule IOS or an

eligible Storage Agreement under Rate Schedule FS and, if specified

in the Service Agreement hereunder, Rate Schedules WS, PS and other

FS.

4. STORAGE AND TRANSPORTATION OVERRUN CHARGES AND UNAUTHORIZED

OVERRUN PENALTIES

Service under this Rate Schedule GDS is subject to the

following overrun charges: