Panhandle Eastern Pipe Line Company

First Revised Volume No. 1

Effective Date: 05/01/1993, Docket: RS92- 22-005, Status: Effective

Original Sheet No. 61 Original Sheet No. 61 : Superseded

RATE SCHEDULE IOS

IN/OUT STORAGE SERVICE

1.AVAILABILITY

This Rate Schedule is available for Natural Gas Storage service

performed by Panhandle Eastern Pipe Line Company (hereinafter called

Panhandle) for any party (hereinafter called Shipper) which has

executed a Service Agreement in the form prescribed under this Tariff

for service under this Rate Schedule.

2.APPLICABILITY AND CHARACTER OF SERVICE

This Rate Schedule shall apply to Gas made available by Shipper

to Panhandle under firm, interruptible or third party transportation

agreements at the IOS Point and nominated for Storage under this Rate

Schedule, subject to the General Terms and Conditions herein and the

further provisions of the Service Agreement.

The service provided hereunder consists of the injection by

Panhandle of Shipper's Gas into Storage, Storage in Panhandle's Field

Area Storage Facilities and the subsequent withdrawal from Storage of

Shipper's Gas, all on a firm basis. Injections may be made at any

time, subject to daily nomination by Shipper and available Maximum

Stored Quantity. The Maximum Daily Injection Quantity (MDIQ) shall

be 1/200th of the Maximum Stored Quantity. Withdrawals may be made

at any time, subject to daily nomination by Shipper and available

Stored Volume. The Maximum Daily Withdrawal Quantity (MDWQ) shall be

1/100th of the Maximum Stored Quantity.

The available Stored Volume shall be increased, up to the

Maximum Stored Quantity, by the Quantity of Gas Shipper transfers

into IOS Storage in accordance with Section 14.2 of the General Terms

and Conditions. The available Stored Volume shall be reduced by the

Quantity of Gas Shipper transfers out of IOS Storage in accordance

with Section 14.2 of the General Terms and Conditions.

In no event shall Panhandle be obligated to provide any Storage

service for which capacity is not available or which would require

the construction or acquisition of new facilities or the modification

or expansion of existing facilities.