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. 30 Original Sheet No. 30 : Effective

(d) If Transporter receives no acceptable bids on the capacity,

then Shipper may continue to receive service at the

applicable maximum rate on a month-to-month basis or at such

other rate and for such term on which Transporter and

Shipper mutually agree.

7.2 Posting of Capacity: If a Shipper elects to terminate its FT

Agreement without invoking the right of first refusal, or if

capacity is not awarded in the right of first refusal process, the

availability of the capacity will be posted on Transporter's

Internet web site and will be awarded on a basis consistent with

Rate Schedule FT.

8. OPERATIONAL FLOW ORDERS

8.1 Circumstances Warranting Issuance: Transporter shall have the

right to issue Operational Flow Orders (OFO) as specified in this

Section that require actions by Shippers in order to: (1)

alleviate conditions that threaten or could threaten the safe

operations or system integrity of Transporter's system; (2)

maintain pipeline operations at the pressures required to provide

efficient and reliable transportation services; (3) have adequate

gas supplies in the system to deliver on demand; (4) maintain

service to all Shippers and for all services; (5) maintain the

system in balance for the foregoing purposes or for the purpose of

preventing undue imbalances with an interconnecting entity; and

(6) respond at any time to requirements imposed by an entity with

which Transporter interconnects.

8.2 Applicability of OFO: To the extent practicable, based on

Transporter's good faith judgment concerning the situations

requiring remediation, an OFO will be directed: (1) first, to

Shippers causing the problem necessitating the OFO; (2) second, to

Shippers transporting gas in the area of the system in which there

is an operational problem; and (3) third, to those Shippers with

service affecting in the area of the system where action is

required to correct the problem necessitating the OFO. Transporter

will notify affected Shippers promptly once an OFO has been

terminated.

8.3 Notice: All OFOs will be posted on Transporter's Internet web

site and, in addition, will be issued via telephone or by a

facsimile to the affected Shipper(s). The OFO will set forth:

(1) the time and date of issuance; (2) the actions