Panhandle Eastern Pipe Line Company, LP

THIRD REVISED VOLUME NO. 1

Effective Date: 06/30/2004, Docket: RP04-321-000, Status: Effective

Original Sheet No. 340 Original Sheet No. 340 : Effective

GENERAL TERMS AND CONDITIONS

(Continued)

plan with Panhandle to coordinate Storage injections

and withdrawals. The operating plan shall include

the Shipper's planned injections into Storage during

the Summer Period and planned withdrawals from

Storage during the Winter Period, which shall be

consistent with both the terms and conditions

applicable to the Rate Schedule under which Panhandle

provides Storage service to the Shipper and the terms

and conditions applicable to the agreement under

which the third party provides Storage service to

Panhandle and such other information concerning the

Storage activity which Panhandle deems necessary to

efficiently provide service to all Shippers. Subject

to the provisions of Rate Schedules WS, PS, FS and IWS,

as applicable, Shipper may nominate injections and

withdrawals which do not comport with the plan it

previously provided Panhandle so long as such

deviation does not interfere with Panhandle's ability

to provide service to other Shippers. If necessary

to maintain operational control of its system,

Panhandle may order the Shipper to adjust its

nominations so as to inject Gas into Storage, cease

injecting Gas into Storage, withdraw Gas from

Storage, or cease withdrawing Gas from Storage, as

applicable under the circumstances existing at the

time such order is issued, and Shipper shall be

obligated to comply with such order. Panhandle shall

provide Shipper with as much advance notice of the order

as is reasonable in the then existing circumstances

through the Messenger system, the Web Site and by

telephone, and facsimile or via e-mail communication.

Generally, the notice will be issued by 11:00 a.m.

Central Time on the Day before the order is to become

effective. The order will become effective at the

commencement of the Day. When operating conditions so

require, Panhandle may issue the notice after 11:00 a.m.

and may provide that the order will become effective

before the commencement of the Day. The notice will

provide the time and date the order is to become effective,