Panhandle Eastern Pipe Line Company, LP

THIRD REVISED VOLUME NO. 1

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

First Revised Sheet No. 209 First Revised Sheet No. 209 : Effective

Superseding: Original Sheet No. 209

GENERAL TERMS AND CONDITIONS

(Continued)

Summer Period shall mean the period from April 1 through

October 31.

Thermal or Thermally Equivalent shall mean an equal number

of Btu's.

Transportation shall mean forward haul, backhaul or any

other method of transport of Gas as defined in the FERC's

Regulations, except Storage.

Transportation Agreement shall mean an agreement for

Transportation service provided under Rate Schedule FT,

EFT, SCT, IT, EIT, LFT, GPS or HFT.

Unauthorized Gas shall mean any Quantity of Gas, either

received or delivered by Panhandle which cannot be

identified as being received or delivered pursuant to a

Transportation or Storage withdrawal nomination on behalf

of an existing Shipper.

Unauthorized Overrun Penalty shall mean the penalty that

applies when, on any Day, Shipper takes Quantities of Gas

in excess of the MDCQ as stated in the Transportation

Agreement or Quantities of Gas in excess of the MDIQ or

MDWQ as stated in the Storage Agreement and such excess

Quantities have not been scheduled by Panhandle.

Web Site shall mean Panhandle's HTML page accessible via

the Internet's World Wide Web located at

http://www.panhandleenergy.com.

Winter Period shall mean the period November 1 through

March 31 of the next year.

WS Point shall mean the point at which Gas is received for

injection into Storage and Gas withdrawn from Storage is

delivered to Panhandle under Rate Schedules WS, IWS

and FS. If Shipper's Service Agreement provides for Storage

service under Rate Schedule WS, IWS, or FS from Panhandle's

Market Area Storage Facilities, the WS Point shall be at a

point near the Michigan and Ohio state line traversed by

Panhandle's pipeline facilities; if Shipper's Service

Agreement provides for Storage service under Rate Schedule

WS, IWS, or FS from Panhandle's Field Area Storage Facilities,

the WS Point shall be at a point near Panhandle's Haven,

Kansas Compressor Station.