Panhandle Eastern Pipe Line Company, LP

THIRD REVISED VOLUME NO. 1

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Effective Date: 05/16/2010, Docket: RP10-611-000, Status: Effective

First Revised Sheet No. 108 First Revised Sheet No. 108

Superseding: Original Sheet No. 108

RATE SCHEDULE LFT (Continued)

LIMITED FIRM TRANSPORTATION SERVICE

3.11 Negotiated Rates

Shipper and Panhandle may agree, on a prospective basis,

to a Negotiated Rate with respect to the charges

identified in Sections 3.1, 3.2 and 3.3 herein which may

be less than, equal to or greater than the Maximum Rate;

shall not be less than the Minimum Rate; may be based on a

rate design other than straight fixed variable; and may

include a minimum quantity. Such Negotiated Rate shall be

set forth on Exhibit B of the executed Service Agreement

and on the currently effective Tariff Sheet No. 21. The

Maximum Rate shall be available to any Shipper that does

not choose a Negotiated Rate.