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. 115 Original Sheet No. 115 : Effective

RATE SCHEDULE HFT

HOURLY 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) when Panhandle has

determined that it has sufficient available and uncommitted capacity

to perform service requested by any party (hereinafter called

Shipper):

1.1 which has executed a Service Agreement in the form

prescribed under Panhandle's FERC Gas Tariff for service

under this Rate Schedule;

1.2 which delivers Natural Gas or causes Natural Gas to be

delivered to Panhandle for delivery by Panhandle for the

account of Shipper; and

1.3 which receives Gas from Panhandle at a physical Point(s)

of Delivery, which is directly connected to Panhandle's

system, equipped with a Flow Control Device and EGM

equipment capable of verifying changes in gas flow on a

real-time basis.

2. APPLICABILITY AND CHARACTER OF SERVICE

2.1 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.

2.2 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. 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.

2.3 Shipper shall elect to receive the Hourly Delivery

Quantity of its MDCQ during a specified hourly period

within the Day as set forth on the executed Service

Agreement. Shipper's Hourly Delivery Quantity shall be