Panhandle Eastern Pipe Line Company, LP

THIRD REVISED VOLUME NO. 1

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Effective Date: 02/23/2009, Docket: RP09-256-000, Status: Effective

First Revised Sheet No. 293 First Revised Sheet No. 293

Superseding: Original Sheet No. 293

GENERAL TERMS AND CONDITIONS

(Continued)

(ii) For biddable releases (more than 1 year)

The timeline is the same as biddable releases

for 1 year or less except that the Releasing

Shipper shall post the Shipper Notice on the

Messenger® system by 12:00 p.m. Central Time

four (4) Business Days before the award. Open

season ends no later than 1:00 p.m. Central Time

on the Business Day before timely nominations

are due (open season is three Business Days).