Panther Interstate Pipeline Energy, L.L.C.

Original Volume No. 1

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Effective Date: 02/01/2004, Docket: CP03-338-001, Status: Effective

Original Sheet No. 5 Original Sheet No. 5 : Effective

RATE SCHEDULE FT

FIRM TRANSPORTATION SERVICE

1. AVAILABILITY

This Rate Schedule is available for the transportation of natural gas on

a firm basis by Panther Interstate (hereinafter called Transporter) for

any Shipper that completes a valid request for service, is awarded firm

capacity under Section 3 hereof and executes a Firm Transportation

Agreement ("FT Agreement") consistent with this Rate Schedule FT.

2. APPLICABILITY AND CHARACTER OF SERVICE

The service rendered hereunder shall be the transportation of natural

gas up to the maximum daily quantity (MDQ) set out in the FT Agreement.

Such service is performed under Subparts B and G of Part 284 of the

Commission's Regulations and pursuant to an FT Agreement. Transporter

shall not be required to install, operate or maintain any additional

facilities in order to provide transportation service under this Rate

Schedule except as provided in Section 5.2 of this Rate Schedule.

Service shall be provided on a firm basis; provided, however, that

scheduling of service is subject to, and service may be curtailed

consistent with Section 9 of the General Terms and Conditions in this

Tariff; and provided further that Shipper may nominate overrun volumes

on an interruptible basis.

3. REQUESTS FOR CAPACITY; AWARD OF CAPACITY

3.1 Eligibility for Service: Any entity which meets the credit

standards set out in the General Terms and Conditions of this

Tariff may request service under this Rate Schedule FT. A request

for service must comply with Section 5 of the General Terms and

Conditions of this Tariff.

3.2 Capacity: Acceptance of a request is contingent on the

availability of uncommitted system firm capacity sufficient to

provide the requested firm service to Shipper.

3.3 Award of Capacity: Transporter may, but is not obligated to,

accept any request for service at less than the applicable maximum

rate. Transporter will apply objective economic analysis in

awarding capacity. If several valid requests for capacity are

pending which exceed the availability of uncommitted firm

capacity, Transporter shall evaluate such requests based on the