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. 584 Original Sheet No. 584 : Effective

RATE SCHEDULE WS (Continued)

WINTER STORAGE SERVICE

FORM OF STORAGE AGREEMENT

1.2 In each year of the term of this Storage Agreement, Shipper

may elect to retain a portion of its Stored Volume as carry-over

volume (Carry-over Volume) to be left in storage during the

succeeding Summer Period and withdrawn in the succeeding Winter

Period. Shipper may so retain up to 20% of its Maximum Stored

Quantity for such carry-over without penalty. In the event the

retained Carry-over Volume exceeds 20% of its Maximum Stored

Quantity, Shipper shall be subject to an additional percentage

retention of Gas as set forth in Section 1.3. The sum of the

Carry-over Volume and the volumes delivered by Shipper for storage

during any Summer Period shall not exceed Shipper's Maximum Stored

Quantity set forth in Section 1.1 of this Storage Agreement.

1.3 Shipper agrees to furnish, in addition to volumes delivered

into storage, a volume of Gas equal to the percentage set out in

effective Tariff Sheet No. 11 of such volumes delivered for injection

into storage in each year of the term hereof to be retained by

Panhandle for use as compressor fuel, plus an additional volume of

Gas equal to the percentage set out in effective Tariff Sheet No. 11

of volumes delivered to Shipper in each year of the term hereof to be

retained by Panhandle for use as compressor fuel. No compressor fuel

need be furnished for volumes carried over from any Winter Period

unless Shipper retains more than 20% of its Maximum Stored Quantity

in any year as Carry-over Volumes. In such event, pursuant to

Section 1.2, such Carry-over Volumes in excess of 20% of Shipper's

Maximum Stored Quantity shall be subject to a .25% additional

compressor fuel retention by Panhandle.

1.4 Panhandle shall receive from Shipper and inject into

storage each Month during the Summer Period Gas as nominated pursuant

to the General Terms and Conditions.

1.5 Where Shipper has designated as the WS Point a point not

located on Panhandle's system, then the maximum quantities for

injection and withdrawal on any Day shall be subject to any

restrictions or other limitations applicable to the lease or storage

agreement between Panhandle and the owner or operator of the storage

facility, in addition to the restrictions and limitations of this

agreement and Rate Schedule WS.