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. 217 Original Sheet No. 217 : Effective

GENERAL TERMS AND CONDITIONS

(Continued)

4.6 When the information necessary for billing purposes is in

the control of the operator of the measuring facility and

not in Panhandle's control, then the operator of that

measuring facility shall furnish to Panhandle daily

operational volumes of the previous twenty-four hours

within a twenty-four hour period upon completion of the

gas Day. In addition, the operator of the measuring

facility shall furnish actual volume information to

Panhandle on or before the fifth Day following each Month.

If volumes are not available, an estimate shall be

provided by the operator of the measuring facility to

Panhandle by no later than 3:00 p.m. Central time on the

fifth Day of each Month. If an estimate is not made by

the operator of the measuring facility, then Panhandle

shall estimate a Quantity of Gas based on the best

information available. If an estimate is used for

billing, Panhandle shall provide in the succeeding Month's

billing, an adjustment based on any difference between

actual Quantities of Gas and estimated Quantities of Gas.