Panhandle Eastern Pipe Line Company, LP

THIRD REVISED VOLUME NO. 1

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Effective Date: 08/01/2004, Docket: RP04-383-000, Status: Effective

First Revised Sheet No. 306 First Revised Sheet No. 306 : Effective

Superseding: Original Sheet No. 306

GENERAL TERMS AND CONDITIONS

(Continued)

(c) Remittance to GRI

Panhandle shall remit to GRI, not later than fifteen

(15) Days after the receipt thereof, all monies

actually collected and received by virtue of the GRI

voluntary contribution mechanism, less any amounts

properly payable to a Federal, State or Local

authority relating to the monies received hereunder.

In no event will Panhandle be required to remit to GRI

amounts not actually collected, except as specified in

this Section 18.1. For the amounts received through

the voluntary contribution mechanism, Panhandle shall

indicate to GRI the amounts applicable to specific

projects and project areas, if so indicated by

Shipper.

(d) Flowthrough of Refunds from GRI

To the extent Panhandle receives refunds from GRI,

Panhandle will, in turn, flowback such amounts to its

non-discounted firm Shippers in accordance with the

Stipulation and Agreement previously described in

Section 18.1(b).