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

Origianl Sheet No. 100 Origianl Sheet No. 100 : Effective

RATE SCHEDULE LFT

LIMITED FIRM TRANSPORTATION SERVICE

1. AVAILABILITY

This Rate Schedule is available for Natural Gas Transportation

and Gathering service performed by Panhandle Eastern Pipe Line

Company, LP (hereinafter called Panhandle) for any party (hereinafter

called Shipper):

(a) which has executed a Service Agreement in the form

prescribed under Panhandle's FERC Gas Tariff for service

under this Rate Schedule;

(b) which delivers Natural Gas or causes Natural Gas to be

delivered to Panhandle for delivery by Panhandle for the

account of Shipper; and

(c) which receives such Gas from Panhandle at a physical

Point(s) of Delivery or at a Pool Point(s).

This service is available for firm service at a Point(s) of

Delivery without regard to the presence of a Flow Control Device.

2. APPLICABILITY AND CHARACTER OF SERVICE

This Rate Schedule shall apply to the firm Transportation and

Gathering of Natural Gas on Panhandle's system, subject to the

General Terms and Conditions herein and the further provisions of the

Service Agreement.

The service provided by Panhandle under this Rate Schedule

consists of the receipt of Natural Gas by Panhandle at Point(s) of

Receipt located on Panhandle's system and specified in the executed

Service Agreement and the delivery of such Gas, after appropriate

reductions, at Point(s) of Delivery located on Panhandle's system and

specified in the executed Service Agreement up to the Maximum Daily

Contract Quantity (MDCQ) set out in the executed Service Agreement on

a basis consistent with Section 5 hereof. Shipper's MDCQ 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

MDCQ for specified periods during the term of the Service Agreement.

The effective period of each MDCQ level shall be specified in the

executed Service Agreement.

Service at the primary and secondary Point(s) of Receipt and

Point(s) of Delivery shall be provided on a firm basis subject to

Panhandle's right to not schedule service in whole or in part on any

Day, but not more than ten (10) Days in each Month. Service that is

scheduled under Rate Schedule LFT shall be considered firm service