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

Second Revised Sheet No. 109 Second Revised Sheet No. 109

Superseding: First Revised Sheet No. 109

RATE SCHEDULE LFT (Continued)

LIMITED FIRM TRANSPORTATION SERVICE

Shippers paying a Negotiated Rate which exceeds the Maximum

Rate will be considered to be paying the Maximum Rate for

purposes of scheduling, curtailment and interruption, and

calculating the economic value of a request for unsubscribed

firm capacity. In addition, a Shipper that does not agree to

pay any surcharges will not be granted a scheduling

preference that deems such surcharges have been paid.

Replacement Shippers are not eligible for Negotiated Rates.

Replacement Shippers may bid or pay a rate greater than

Maximum Rate if the release of capacity is for a period of

one year or less and the release is to take effect on or

before one year from the date on which Panhandle is notified

of the release.

In the event that capacity subject to a Negotiated Rate

which is based on a rate design other than straight fixed

variable is released, Shipper and Panhandle may agree on

billing adjustments to the Releasing Shipper that may vary

from or are in addition to those set forth in Section 15.6

of the General Terms and Conditions in order to establish

the basis of accounting for revenues from a Replacement

Shipper as a means of preserving the economic bases of

the Negotiated Rate. Such payment obligation and

crediting mechanism for capacity release shall be set

forth on Exhibit B of the executed Service Agreement.

Nothing in this Section 3.11 shall authorize Panhandle or

Shipper to negotiate terms and conditions of service.

4. MONTHLY BILL

The Monthly Bill for service under this Rate Schedule shall be

equal to the Transmission Charge, the Gathering Charge, any

applicable overrun and balancing charges, plus all applicable

surcharges.

5. HOURLY DELIVERIES

Shipper shall deliver or cause to be delivered Natural Gas for

the account of Shipper on a uniform hourly basis as nearly as

practicable. At each Point(s) of Delivery Shipper may receive from

Panhandle in any hour such Quantities of Gas as it requires or as are

consistent with available pipeline pressures at such point(s);

provided that Panhandle shall be entitled to require Shipper to

restrict takes at any point during any hour to one-sixteenth of the

Natural Gas nominated for Transportation to that Point(s) of Delivery

on that Day by notifying Shipper through the Messenger® system, the

Web Site and by telephone or facsimile communication.