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. 24 Original Sheet No. 24 : Effective

(f) Credit Evaluation: For any request, all credit information

required in Section 6 of the General Terms & Conditions in

this Tariff. Shipper must satisfy the requirements of said

Section 6 to be eligible for service.

5.3 Denial of Request: If Transporter denies a request, the denial

shall indicate the reason the request is being denied. Any

request which has been properly denied consistent with this Tariff

shall be deemed a nullity for all present and future purposes.

5.4 Execution of Agreement: If Transporter accepts Shipper's request

for service, Shipper and Transporter shall execute a

transportation service agreement in the form set forth in this

Tariff for the service requested. The transportation service

agreement must be executed and returned by Shipper within ten (10)

days after Transporter tenders the transportation service

agreement to Shipper.

6. CREDIT REQUIREMENTS

6.1 Required Credit Information: Unless otherwise agreed, a Shipper

seeking service from Transporter under either Rate Schedule FT or

Rate Schedule IT must provide:

(a) Audited Financial Statements;

(b) Annual Reports;

(c) The most recently filed statements with the Securities and

Exchange Commission (or an equivalent authority) or other

similar publicly available information;

(d) For public entities, the most recent publicly available

interim financial statements, with an attestation by its

Chief Financial Officer, Controller, or equivalent (CFO)

that such statements constitute a true, correct, and fair

representation of the Shipper's financial condition prepared

in accordance with Generally Accepted Accounting Principles

(GAAP) or equivalent;

(e) For non-public entities, including those that are state-

regulated utilities, the most recent available interim

financial statements, with an attestation by its CFO that

such statements constitute a true, correct, and fair

representation of the Shipper's financial condition prepared

in accordance with GAAP or equivalent;