Panhandle Eastern Pipe Line Company, LP

THIRD REVISED VOLUME NO. 1

Effective Date: 09/01/2004, Docket: RP04-426-000, Status: Effective

First Revised Sheet No. 569 First Revised Sheet No. 569 : Effective

Superseding: Original Sheet No. 569

RATE SCHEDULE IOS

IN/OUT STORAGE SERVICE

FORM OF STORAGE AGREEMENT

THIS AGREEMENT, made and entered into this day of

______________, ______, by and between PANHANDLE EASTERN PIPE LINE

COMPANY, LP ("Panhandle"), a Delaware Limited Partnership, and

("Shipper"),

W I T N E S S E T H:

WHEREAS, Panhandle has available underground Gas storage

capacity; and

WHEREAS, Shipper desires to purchase and Panhandle desires to

provide certain storage service.

NOW, THEREFORE, Panhandle and Shipper do mutually agree as

follows:

This contract is for Market Area Storage ______

This contract is for Field Area Storage ______

ARTICLE 1

DELIVERY OF THE STORED VOLUME

1.1 Shipper hereby agrees to purchase the storage service

offered by Panhandle hereunder and desires to have certain volumes

hereinafter set forth (Stored Volume) delivered into storage for

Shipper's account during the term hereof, up to the Maximum Stored

Quantity, set out below, which shall be the maximum inventory Shipper

may maintain in storage hereunder at any given time. Injections

shall be made in accordance with Shipper's nominations, but Panhandle

shall not be required to inject Gas at a rate in excess of 1/200th of

Shipper's Maximum Stored Quantity on any Day. At no time shall

Shipper's Stored Volume exceed its Maximum Stored Quantity. Stored

Volumes are to be delivered in accordance with Shipper's nominations

pursuant to the terms and conditions of this Agreement, all in

accordance with Section 2 of Rate Schedule IOS.

For each specified period of the Agreement:

Effective from: ____________ Through: ___________

Maximum Stored Quantity ____________ Dt.

Maximum Daily Injection Quantity ____________ Dt./Day

Maximum Daily Withdrawal Quantity ____________ Dt./Day

Storage Point Number ___________