Panhandle Eastern Pipe Line Company, LP

THIRD REVISED VOLUME NO. 1

Effective Date: 05/17/2009, Docket: RP09-517-000, Status: Effective

Third Revised Sheet No. 204 Third Revised Sheet No. 204

Superseding: Second Revised Sheet No. 204

GENERAL TERMS AND CONDITIONS

(Continued)

Day shall mean a period of twenty-four (24) consecutive

hours beginning and ending at 9:00 A.M. Central Time. The

reference date for any Day shall be the date of the

beginning of such Day.

Dekatherm (Dt.) shall mean one thousand cubic feet of Gas

(Mcf) with a heat content of 1,000 Btu per cubic foot on a

measurement basis specified under Section 4 herein and

based on the same pressure base as the volumes.

DVS Party shall mean the entity that has executed a

Service Agreement under Rate Schedule DVS with Panhandle.

Electronic Funds Transfer shall mean payments made or

effected by wire transfer (Fedwire, CHIPS, or Bank Book

Entry) or Automated Clearing House (ACH) or any other

recognized electronic or automated payment mechanism that

is agreed upon by Shipper and Panhandle in the future.

Electronic Gas Measurement (EGM) shall mean that form of

measurement equipment which may consist of a computerized

remote terminal unit, transducers and other associated

power, radio and sensing and other electronic devices to

accomplish Gas measurement and transfer of data, without

the use of charts.

Field Area Storage Facilities shall mean the storage

facilities Panhandle owns and leases located upstream of

the suction side of Panhandle's Haven, Kansas Compressor

Station.

Field Zone shall mean the portion of Panhandle's system

located on the suction side of Panhandle's Haven, Kansas

Compressor Station and extending westward through Kansas,

Oklahoma and Texas.

Flow Control Device shall mean a physical valve at a Point

of Receipt or Point of Delivery on Panhandle's pipeline

which provides Panhandle with control over flowing volumes

at that point.