Panhandle Eastern Pipe Line Company

First Revised Volume No. 1

Effective Date: 06/01/1996, Docket: RP96-224-001, Status: Effective

Sub Original Sheet No. 35A Sub Original Sheet No. 35A : Superseded

RATE SCHEDULE FT (Continued)

FIRM TRANSPORTATION SERVICE

All rights and obligations of Section 17 of the

General Terms and Conditions shall apply to the

Reservation Charge for each billing Month as elected

by Shipper. In the event any CRPþ invoice shall be

based on rates in effect subject to refund and

refunds shall be required, refunds shall be

calculated as if the CRPþ election had not been made.

(b) Shipper may elect flexible maximum reservation

charges under CRPþ that are derived from the maximum

uniform charges for service on the effective Tariff

Sheet No. 4; provided, however, CRPþ election is not

available to a Shipper with an effective rate

agreement pursuant to Section 3.7 herein nor a

Replacement Shipper pursuant to Section 15 of the

General Terms and Conditions. Shipper shall submit

to Panhandle an executed Exhibit D to its Service

Agreement in order to participate in the CRPþ

program.

In addition to the otherwise applicable charges set

forth for monthly service on the effective Tariff

Sheet No. 4 for November through March, a Shipper

electing CRPþ will be allowed to pay up to 80% of the

Reservation Charges due for the period April through

October in the preceding November through March

period. CRPþ elections which specify the portion of

the April through October Reservation Charges to be

paid during the preceding November through March

period will be due by October 1 of each year to be

effective November 1. Revised CRPþ elections will be

allowed up to the fifteenth Business Day preceding

the Month of Gas flow, for prospective application

only, so long as the Shipper's total annual

obligations for Reservation Charges during the 12

month CRPþ Period are not affected by such revisions

and provided that such revisions do not result in the

Reservation Charge for any month during the April

through October period exceeding the charge which

would have been applicable had the CRPþ election not

been made.

be reflected on effective Tariff Sheet No. 26.