Panhandle Eastern Pipe Line Company, LP

THIRD REVISED VOLUME NO. 1

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Effective Date: 09/01/2004, Docket: RP04-426-000, Status: Effective

First Revised Sheet No. 207 First Revised Sheet No. 207 : Effective

Superseding: Original Sheet No. 207

GENERAL TERMS AND CONDITIONS

(Continued)

Negotiated Rate shall mean the rate agreed to by Shipper

and Panhandle which may be less than, equal to or greater

than the Maximum Rate but shall not be less than the

Minimum Rate. The Negotiated Rate may be based on a rate

design other than straight fixed variable and may include

a minimum quantity.

Operational Flow Order (OFO) shall mean an order issued by

Panhandle in the circumstances specified in Section 12.17

requiring a Shipper(s) to take a certain action(s) or to

refrain from taking a certain action(s).

Overrun Charge shall mean the charge that applies when a

Shipper takes Quantities of Gas in excess of the MDCQ as

stated in Shipper's Service Agreement under Rate

Schedules FT, EFT, SCT, LFT and HFT. Overrun Charge shall

also mean the charge that applies when Shipper exceeds the

MDIQ or MDWQ under Shipper's Service Agreement as

reflected in Section 3.6 of Rate Schedules IOS, WS and FS

and Section 4.6 of Rate Schedule PS.

Panhandle shall mean Panhandle Eastern Pipe Line Company,

LP.

Parking shall mean the receipt by Panhandle of Gas from

or for the account of Shipper, the holding of such Gas

for a period of time and the subsequent redelivery to

Shipper.

Parking Agreement shall mean an agreement for Parking

service provided under Rate Schedule GPS.

Point of Delivery shall mean a point at the outlet side of

Panhandle's facilities at a point of interconnection

between the facilities of Panhandle and the facilities of

Shipper or Shipper's designee, a Pool Point or such other

mutually agreeable point as set forth in the Service

Agreement. Point(s) of Delivery located on the Gathering

and transmission portions of Panhandle's system shall be

identified in the Service Agreement.

Point of Receipt shall mean a point at the inlet side of

Panhandle's facilities at a point of interconnection

between the facilities of Panhandle and facilities of

Shipper or Shipper's designee, a Pool Point or such other

mutually agreeable point as set forth in the Service

Agreement. Point(s) of Receipt located on the Gathering

and transmission portions of Panhandle's system shall be

identified in the Service Agreement.

Pool Point shall mean a point on Panhandle's system

located at or west of Panhandle's Haven, Kansas Compressor

Station which has been identified as a Point of Receipt in

a Corresponding Transportation Agreement, subject to

Section 14 herein. A Pool Point may not be located at a

point where Gas physically enters or leaves Panhandle's

system.

Pooling Shipper shall mean a Shipper under a Pooling

Transportation Agreement.