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

First Revised Sheet No. 637 First Revised Sheet No. 637

Superseding: Original Sheet No. 637

 

RATE SCHEDULE FS (Continued)

FLEXIBLE STORAGE SERVICE

FORM OF STORAGE AGREEMENT

 

 

Percentage of Stored Volume

to the

Maximum Stored Quantity Available Withdrawal Quantities

 

100 % - __ % 100% of MDWQ = _______ Dt./day

<__ % - __ % % of MDWQ = _______ Dt./day

<__ % - 0 % % of MDWQ = _______ Dt./day

 

 

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succeeding Injection Period as set forth herein and withdrawn in the

succeeding Withdrawal Period as set forth herein. 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 will 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 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. 14 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. 14

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 Withdrawal Period as

set forth herein 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 Injection Period as set forth herein, 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