Panhandle Eastern Pipe Line Company

First Revised Volume No. 1

Effective Date: 02/01/2002, Docket: RP00-395-003, Status: Effective

Seventh Revised Sheet No. 206 Seventh Revised Sheet No. 206 : Superseded

Superseding: Sixth Revised Sheet No. 206

GENERAL TERMS AND CONDITIONS

(Continued)

1.25 Maximum Daily Injection Quantity (MDIQ) shall mean the

maximum Quantity of Gas which Panhandle is obligated to

inject into Storage for the account of Shipper on any Day

as specified in an executed Storage Agreement.

1.26 Maximum Daily Variance Quantity (MDVQ) shall mean the maximum

Quantity of Gas that Panhandle is obligated to manage under

Rate Schedule DVS.

1.27 Maximum Daily Withdrawal Quantity (MDWQ) shall mean the

maximum Quantity of Gas which Panhandle is obligated to

withdraw from Storage for the account of Shipper on any

Day as specified in an executed Storage Agreement.

1.28 Maximum Rate shall mean the applicable maximum rate as

set forth on the currently effective Tariff Sheet Nos. 4,

5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, and 18 plus all

surcharges specified in the General Terms and Conditions as may

be applicable from time to time.

1.29 Maximum Stored Quantity (MSQ) shall mean the maximum

Quantity of Gas which Shipper is permitted to have in

Storage at any time during the Contract Year as specified

in an executed Storage Agreement.

1.30 Messenger shall mean the electronic communication system

offered by Panhandle on a nondiscriminatory basis to any

Shipper that has compatible equipment for electronic

transmission of data, provided that such Shipper has been

assigned a USERID and password and agrees to comply with the

procedures for access to Messenger and with the procedures

for use of the Messenger system.

1.31 Minimum Rate shall mean the applicable minimum rate as

set forth on the currently effective Tariff Sheet Nos. 4,

5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17 and 18.

1.32 Month shall mean the period beginning at 9:00 a.m. Central

Time on the first Day of the calendar Month and ending at 9:00

a.m. Central Time on the first Day of the next succeeding

calendar Month.

1.33 Mcf shall mean 1,000 cubic feet of Gas.

1.34 Mmcf shall mean 1,000,000 cubic feet of Gas.

1.35 Natural Gas or Gas shall mean either Natural Gas unmixed,

or a mixture of natural and artificial Gas.