Panhandle Eastern Pipe Line Company

First Revised Volume No. 1

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Effective Date: 10/18/1999, Docket: RP99-482-000, Status: Effective

Second Revised Sheet No. 103 Second Revised Sheet No. 103 : Superseded

Superseding: Sub First Revised Sheet No. 103

RATE SCHEDULE GPS (Continued)

GAS PARKING SERVICE

 

The Shipper may be required, upon notification from Panhandle by

telephone as well as through the Messengerþ system or by facsimile, to

cease or reduce deliveries to or receipts from its Parking service

within the Gas Day or remove all, or any part, of its parked quantity

under this Rate Schedule as rapidly as is consistent with Panhandle's

operating capabilities. Any parked quantity not removed in

accordance with Panhandle's notice within five (5) days of such

notice shall become the property of Panhandle at no cost to

Panhandle, free and clear of any adverse claims; provided, however,

that Panhandle shall extend the time available for Shipper to remove

its parked quantity by one Day for every Day that Shipper has been

unable to remove gas due to operational conditions on Panhandle's

system.

 

The Shipper may be required, upon notification from Panhandle by

telephone as well as through the Messengerþ system or by facsimile, to

deliver all, or any part, of its negative parked quantity as rapidly

as is consistent with Panhandle's operating capabilities. Any

Quantity of Gas not delivered into Parking in accordance with

Panhandle's notice within three (3) days of Panhandle giving Shipper

such notice shall be subject to a daily penalty of $10.00 per Dt. or

two times the Mid-Continent Spot Price calculated in accordance with

Section 12.11(c) of the General Terms and Conditions of Panhandle's

FERC Gas Tariff, whichever is greater; provided, however, that

Panhandle shall extend the time available for Shipper to return gas

to Parking by one Day for every Day that Shipper has been unable to

return gas into Parking due to operational conditions on Panhandle's

system.

 

In no event shall Panhandle be obligated to provide any Parking

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.

 

3. RATES

 

The rates and charges for Parking service under this Rate

Schedule shall be as follows:

 

3.1 Daily Parking Charge

 

The Daily Parking Charge shall be the absolute value of

the product of the daily Parked Quantity for each day of

the Month and the daily parking rate per Dt. as set forth

on the effective Tariff Sheet No. 16.

 

3.2 Range of Rates

 

Unless otherwise agreed to in writing by Shipper and

Panhandle, any rate applicable to a Shipper for service

hereunder, by reference to the effective Tariff Sheet No.

16 shall be the applicable Maximum Rate set forth thereon.

If an amount less than the applicable Maximum Rate and not

less than the applicable Minimum Rate is agreed upon, such

amount shall be applicable prospectively.