Panther Interstate Pipeline Energy, L.L.C.

Original Volume No. 1

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

Original Sheet No. 9 Original Sheet No. 9 : Effective

pipeline system in connection with such transportation. No fuel

charge shall apply to transactions that do not involve a forward

haul movement of gas.

5.5 Authorized Overrun Charge: If Shipper, upon receiving the advance

approval of Transporter, should on any day take under this Rate

Schedule a quantity of natural gas in excess of that which Shipper

is authorized to take under Shipper's FT Agreement, then such

quantity shall constitute an authorized overrun quantity. For all

such authorized overrun volumes, Shipper shall pay Transporter a

rate up to the authorized overrun rate set out at then effective

Sheet No. 4.

5.6 Right to File Rate Changes: Transporter shall have the unilateral

right to file with the appropriate regulatory agency and make

changes effective in the rates and charges or the terms and

conditions of this Rate Schedule or the applicable General Terms

and Conditions. Shipper may protest or contest any such filing.

5.7 Liquids Transportation: Transporter may, but is not obligated to,

transport liquids for Shipper. Any transportation of liquids on

behalf of Shipper shall be pursuant to a separate agreement, which

agreement shall set out the negotiated rate for such

transportation.

6. GENERAL TERMS AND CONDITIONS

6.1 The General Terms and Conditions of this Tariff are incorporated

by reference into this Rate Schedule.

6.2 In the event of a conflict between the provisions of this Rate

Schedule and the General Terms and Conditions of this Tariff, the

provisions of the General Terms and Conditions shall govern.