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. 208 First Revised Sheet No. 208 : Effective

Superseding: Original Sheet No. 208

GENERAL TERMS AND CONDITIONS

(Continued)

Pooling Transportation Agreement shall mean a

Transportation Agreement under Rate Schedules FT, EFT, IT,

EIT or LFT that designates a Pool Point as the sole Point

of Delivery.

Primary Path shall mean the portion of capacity physically

located between the designated Primary Points of Receipt

and Delivery.

PS Point shall mean the point near the Michigan and Ohio

state line traversed by Panhandle's pipeline facilities at

which Gas is received for injection into Panhandle's

Market Area Storage Facilities and Gas withdrawn from such

Storage facilities is delivered to Panhandle under Rate

Schedule PS.

Quantity of Gas or any other substantially similar phrase

shall be the number of units of Gas expressed in

Dekatherms (Dt.).

Seasonal Storage shall mean Storage service provided under

Rate Schedules WS, PS, IWS, or FS.

Service Agreement shall mean a Transportation Agreement,

Storage Agreement, Parking Agreement, or Delivery Variance

Service Agreement.

Storage shall mean the receipt by Panhandle of Gas from or

for the account of Shipper, the retention by Panhandle of

that Gas for a period of time in an underground facility

and the redelivery to Shipper.

Storage Agreement shall mean an agreement for Storage

service provided under Rate Schedules IOS, IIOS, WS, PS,

IWS or FS.

Stored Volume shall mean the Quantity of Gas held by

Panhandle in Storage for Shipper's account at any time.