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. 603 Original Sheet No. 603 : Effective

RATE SCHEDULE PS (Continued)

PEAKING STORAGE SERVICE

FORM OF STORAGE AGREEMENT

ARTICLE 6

SUCCESSION AND ASSIGNMENT

This Agreement shall be binding upon and inure to the benefit

of any successor(s) to either Panhandle or Shipper by merger,

consolidation or acquisition. Either Panhandle or Shipper may assign

or pledge this Agreement and all rights and obligations hereunder

under the provisions of any mortgage, deed of trust, indenture or

other instrument which it has executed or may execute hereafter as

security for indebtedness; otherwise, except as provided in Section

15 of the General Terms and Conditions, neither Panhandle nor Shipper

shall assign this Agreement or its rights hereunder without first

having obtained the formal written consent of the other(s).

ARTICLE 7

NOTICES

7.1 Except as otherwise specified, any notice, request, demand,

statement or bill provided for in the General Terms and Conditions

and any other notice which either Panhandle or Shipper may desire to

give to the other(s), shall be in writing and shall be considered as

duly delivered when mailed by registered mail to the Post Office

address of the other(s), or at such other address as either shall

designate by formal written notice. Routine communications and

bills, (but excluding payments otherwise provided for in the General

Terms and Conditions) shall be considered as duly delivered when

mailed by registered or ordinary mail or an equivalent. The Post

Office addresses of both Panhandle and Shipper are as follows: