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. 11 Original Sheet No. 11 : Effective

be received; (2) Shipper has failed to make and properly

implement all necessary upstream arrangements on upstream

entities; or (3) Shipper has failed to nominate such quantities

consistent with Section 9 of the General Terms and Conditions of

this Tariff.

4.2 Delivery Points: All delivery points on Transporter's system

shall be available as delivery points for gas transported under

this Rate Schedule. Transporter shall not be required under any

circumstances to deliver gas at any delivery point where: (1)

the total quantity of gas scheduled for delivery on any Day is

less than that required for the accurate measurement of quantities

to be delivered; (2) Shipper has failed to make and properly

implement all necessary downstream arrangements on downstream

entities; or (3) Shipper has failed to nominate such quantities

consistent with Section 9 in the General Terms and Conditions of

this Tariff.

5. RATES AND CHARGES

5.1 Transportation Rates: Except to the extent Transporter and

Shipper have agreed in writing to a discounted rate, the

transportation rate is the maximum IT rate shown on the effective

Tariff Sheet No. 4. The Monthly Bill for service shall equal:

(a) The applicable IT Rate multiplied by the dekatherms of

natural gas transported and delivered by Transporter for

Shipper in the month pursuant to this Rate Schedule; and

(b) If applicable, any other charges pursuant to Section 5 of

this Rate Schedule.

5.2 New Facilities:

(a) In addition to the charges pursuant to Section 5.1 of this

Rate Schedule, if Transporter agrees to construct facilities

for service requested by Shipper, Transporter shall charge

Shipper an advance equal in amount to 100% of the estimated

costs (including a gross-up for the income tax effects or

reimbursement) of facilities constructed at the Shipper's

request in order to provide transportation service under

this Rate Schedule. Further, Transporter shall charge

Shipper an advance equal in amount to 100% of the estimated

costs (including a gross-up for the income tax effects of