Panhandle Eastern Pipe Line Company

First Revised Volume No. 1

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Effective Date: 05/01/1993, Docket: RS92- 22-009, Status: Effective

Substitute Original Sheet No. 77 Substitute Original Sheet No. 77 : Superseded

RATE SCHEDULE IWS

INTERRUPTIBLE WINTER 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 for Storage service from either

Panhandle's Market Area Storage Facilities or Field Area Storage

Facilities.

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 applicable WS 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. In

addition, where Shipper is utilizing a third party to make Gas

available for Storage in Panhandle's Market Area Storage Facilities

under this Rate Schedule, the Shipper may designate as the WS Point

an off-system Market Area Storage Facility that Panhandle has leased

from a third party, subject to operational feasibility, the terms and

conditions applicable to Panhandle's agreement with the third party

providing the off-system storage, the General Terms and Conditions

herein, and the further provisions of the Service Agreement.

The service provided hereunder consists of the injection of

Shipper's Gas into Storage at the applicable WS Point during the

Summer Period, Storage in Panhandle's Market Area Storage facilities

or Field Area Storage Facilities, as elected by the Shipper in the

Service Agreement, and the subsequent withdrawal from Storage at the

applicable WS Point during the Winter Period, all on an interruptible

basis. Maximum Daily Withdrawal Quantities (MDWQ) and Maximum Daily

Injection Quantities (MDIQ) shall be in accordance with the IWS

Storage Agreement but shall not exceed 1/100th of Maximum Stored

Quantity and 1/200th of Maximum Stored Quantity, respectively.

Available withdrawal quantities shall vary according to the

percentage of Shipper's Stored Volume to the Maximum Stored Quantity

as follows: