Panhandle Eastern Pipe Line Company, LP

THIRD REVISED VOLUME NO. 1

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Effective Date: 05/16/2010, Docket: RP10-611-000, Status: Effective

Third Revised Sheet No. 514 Third Revised Sheet No. 514

Superseding: Second Revised Sheet No. 514

RATE SCHEDULE FT (Continued)

FIRM TRANSPORTATION SERVICE

FORM OF TRANSPORTATION AGREEMENT

EXHIBIT B

Transportation Agreement

For

Firm Service

Under Rate Schedule FT

Contract No. _________

NEGOTIATED RATE AGREEMENT

Shipper agrees to the Negotiated Rate option in accordance with

Section 3.11 of Rate Schedule FT and notifies Panhandle that it

desires to be billed, and agrees to pay, the charges specified below

for the period commencing __________, ______ and continuing until

__________, ______. Shipper acknowledges that this election is an

alternative to the billing of charges for Rate Schedule FT set forth

on effective Tariff Sheet No. 4, as revised from time to time. Shipper

also acknowledges that its election constitutes waiver of its

reliance on and its right to use the recourse rates which are

available to it under the Rate Schedule FT.

Specification of Negotiated Rate:

SHIPPER: _________________________________

BY: _________________________________

_________________________________

(Please type or print name)

PANHANDLE EASTERN PIPE LINE COMPANY, LP

BY: _________________________________

_________________________________

(Please type or print name)

DATED: ___________________________________

SUPERSEDES EXHIBIT B DATED: ______________