Panhandle Eastern Pipe Line Company

First Revised Volume No. 1

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Effective Date: 01/25/1996, Docket: RP95-397-003, Status: Effective

Substitute Original Sheet No. 93 Substitute Original Sheet No. 93 : Superseded

RATE SCHEDULE LFT

LIMITED FIRM TRANSPORTATION SERVICE

1. AVAILABILITY

This Rate Schedule is available for Natural Gas Transportation

and Gathering service performed by Panhandle Eastern Pipe Line

Company (hereinafter called Panhandle) for any party (hereinafter

called Shipper):

(a) which has executed a Service Agreement in the form

prescribed under Panhandle's FERC Gas Tariff for service

under this Rate Schedule;

(b) which delivers Natural Gas or causes Natural Gas to be

delivered to Panhandle for delivery by Panhandle for the

account of Shipper; and

(c) which receives such Gas from Panhandle at a physical

Point(s) of Delivery or at a Pool Point(s).

This service is available for firm service at a Point(s) of

Delivery without regard to the presence of a Flow Control Device.

2. APPLICABILITY AND CHARACTER OF SERVICE

This Rate Schedule shall apply to the firm Transportation and

Gathering of Natural Gas on Panhandle's system, subject to the

General Terms and Conditions herein and the further provisions of the

Service Agreement.

The service provided by Panhandle under this Rate Schedule

consists of the receipt of Natural Gas by Panhandle at Point(s) of

Receipt located on Panhandle's system and specified in the executed

Service Agreement and the delivery of such Gas, after appropriate

reductions, at Point(s) of Delivery located on Panhandle's system and

specified in the executed Service Agreement up to the Maximum Daily

Contract Quantity (MDCQ) set out in the executed Service Agreement on

a basis consistent with Section 5 hereof.

Service at the primary and secondary Point(s) of Receipt and

Point(s) of Delivery shall be provided on a firm basis subject to

Panhandle's right to not schedule service in whole or in part on any

Day, but not more than ten (10) Days in each Month. Service that is

scheduled under Rate Schedule LFT shall be considered firm service

and thus shall be subject to the Nominations and Scheduling of

Service, and Curtailment and Interruption procedures included in

Sections 8 and 9 of the General Terms and Conditions. Shippers under

Rate Schedule LFT may release all or a portion of their MDCQ in

accordance with the procedures established for the Assignment of

Service Rights under Section 15 of the General Terms and Conditions.