Panhandle Eastern Pipe Line Company

First Revised Volume No. 1

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

Original Sheet No. 65 Original Sheet No. 65 : Superseded

RATE SCHEDULE IIOS

INTERRUPTIBLE 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 in Panhandle's Field Area

Storage Facilities, Storage and the subsequent withdrawal from

Storage of Shipper's Gas, all on an interruptible basis. Injections

may be made at any time, subject to daily nomination by Shipper and

available IIOS Maximum Stored Quantity. The Maximum Daily Injection

Quantity shall be 1/200th of the Maximum Stored Quantity.

Withdrawals may be made at any time, subject to daily nomination by

Shipper, available Stored Volume and available capacity. The Maximum

Daily Withdrawal Quantity shall be 1/100th of the Maximum Stored

Quantity. Shipper may be required to withdraw all, or any part, of

its Stored Volume under this IIOS Rate Schedule within 30 Days

following notice from Panhandle. Any Stored Volume not withdrawn

within 30 Days of Panhandle giving Shipper notice shall become the

property of Panhandle at no cost to Panhandle, free and clear of any

adverse claims.

The available Stored Volume shall be increased, up to the

Maximum Stored Quantity, by the Quantity of Gas Shipper transfers

into IIOS 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 IIOS Storage in

accordance with Section 14.2 of the General Terms and Conditions.