Panhandle Eastern Pipe Line Company, LP

THIRD REVISED VOLUME NO. 1

Effective Date: 05/16/2010, Docket: RP10-611-000, Status: Effective

First Revised Sheet No. 647 First Revised Sheet No. 647

Superseding: Original Sheet No. 647

RATE SCHEDULE LFT (Continued)

LIMITED FIRM TRANSPORTATION SERVICE

FORM OF TRANSPORTATION AGREEMENT

shall be construed to alter a refund obligation under applicable law

for any period during which rates which had been charged under a

discount agreement exceeded rates which ultimately are found to be

just and reasonable. Any discount(s) shall be effective only on a

prospective basis and as specified in the written agreement between

Panhandle and Shipper.

From time to time Panhandle and Shipper may agree to a

Negotiated Rate for a specified term for service hereunder.

Provisions governing such Negotiated Rate and term shall be set forth

on Exhibit B hereto.

ARTICLE 4 - FUEL REIMBURSEMENT

In addition to collection of the rates and charges provided for

in Article 3, Panhandle shall retain the percentage provided pursuant

to Rate Schedule LFT of the quantities received from Shipper

hereunder, for reimbursement in kind from Shipper for fuel usage and

unaccounted-for line loss.

ARTICLE 5 - GENERAL TERMS AND CONDITIONS

This Agreement and all terms for service hereunder are subject

to the further provisions of Rate Schedule LFT and the General Terms

and Conditions of Panhandle's Tariff, as such may be modified,

supplemented, superseded or replaced generally or as to the service

hereunder. Panhandle reserves the right from time to time to

unilaterally file and to make effective any such changes in the

provisions of Rate Schedule LFT and/or the General Terms and

Conditions, subject to the applicable provisions of the Natural Gas

Act and the Commission's Regulations thereunder. Such Rate Schedule

and General Terms and Conditions, as may be changed from time to

time, are by this reference incorporated in their entirety into this

Agreement and made an integral part hereof.

ARTICLE 6 - SUCCESSION AND ASSIGNMENTS

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).