Panhandle Eastern Pipe Line Company, LP

THIRD REVISED VOLUME NO. 1

Effective Date: 04/22/2006, Docket: RP06-275-000, Status: Effective

Second Revised Sheet No. 660 Second Revised Sheet No. 660 : Effective

Superseding: First Revised Sheet No. 660

RATE SCHEDULE GPS (Continued)

GAS PARKING SERVICE

FORM OF SERVICE AGREEMENT

1.2 Shipper shall have the right to nominate for delivery to it

at the specific Parking Point(s), as described in Rate Schedule GPS,

on an interruptible basis, any portion of its Parked Quantity, up to

the Maximum Parked Quantity, on any Day during the term hereof. In

no event shall quantities delivered hereunder to Shipper ever exceed

Shipper's Parked Quantity as defined in Section 1.1. Panhandle shall

not be required to receive or deliver quantities of Gas on any Day

for which there is insufficient available capacity under Shipper's

Transportation Agreements to deliver Gas to or receive Gas from the

Parking Point(s).

ARTICLE 2 - TERM

This Agreement shall be effective from the date first stated

above. Panhandle shall provide interruptible Parking service for

Shipper pursuant to this Agreement from _____________ until

________________, when the term of this Agreement shall expire, unless

extended pursuant to Section 7.7 of the General Terms and Conditions.

ARTICLE 3 - RATES AND CHARGES

For the services provided or contracted for hereunder, Shipper

agrees to pay Panhandle the then-effective, applicable rates and

charges under Panhandle's Rate Schedule GPS filed with the

Commission, as such rates and charges and Rate Schedule GPS may

hereafter be modified, supplemented, superseded, or replaced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 terms or rate levels under Rate Schedule GPS

and the applicability thereof, the General Terms and Conditions or

any other provisions of Panhandle's Tariff, subject to the applicable

provisions of the Natural Gas Act and the Commission's Regulations

thereunder.

From time to time Panhandle and Shipper may agree in writing,

on a level of discount of the otherwise applicable rates and charges

hereunder, pursuant to the effective applicable provisions of Rate

Schedule GPS and subject to the Regulations and Orders of the

Commission. For example, Panhandle and Shipper may agree that a

specified discounted rate shall apply: (a) only to certain

Quantities under this Agreement; (b) only if specified Quantity

levels are actually achieved or only with respect to Quantities below

a specified level; (c) only during specified time periods; (d) in

a specified relationship to the Quantities actually parked (i.e.,