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. 577 First Revised Sheet No. 577 : Effective

Superseding: Original Sheet No. 577

RATE SCHEDULE IIOS

INTERRUPTIBLE 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, Shipper desires to purchase and Panhandle

desires to provide certain storage service on a capacity available

basis.

NOW, THEREFORE, Panhandle and Shipper do mutually agree as

follows:

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

will not be required to inject Gas in excess of the Maximum Daily

Injection Quantity. 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 IIOS.

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 ___________