Panhandle Eastern Pipe Line Company

First Revised Volume No. 1

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Effective Date: 04/01/1994, Docket: RP94-160-000, Status: Effective

First Revised Sheet No. 269 First Revised Sheet No. 269 : Superseded

Superseding: Sub Original Sheet No. 269

GENERAL TERMS AND CONDITIONS

(Continued)

agreements. If there are no Transportation

Agreements between Panhandle and the operator of the

Point(s) of Delivery at which the Unauthorized Gas

is taken, Panhandle shall sell the Unauthorized Gas

to the operator at 150 percent of the Mid-Continent

Spot Market Price, as defined in Section 12.11(c)

for the Month in which the Unauthorized Gas is

taken.

12.14 Unauthorized Overrun Receipts

Panhandle shall notify Shipper of excess receipts in

order to permit Shipper to reduce receipt quantities. If

the excess receipts continue and such receipts jeopardize

the safety of the pipeline or Panhandle's ability to

serve other Shippers, Panhandle shall be entitled to

refuse to accept such excess receipts. If, despite such

refusal the excess receipts continue all further excess

receipts as to which notice has been given shall be

treated as excess receipts under Section 12.11(a) or (b)

with a percentage imbalance level greater than 20%.

12.15 Storage Related Transportation

In order to accommodate the transportation to and

from Storage used to meet Winter Period requirements, the

Maximum Daily Contract Quantity in the Transportation

Agreement shall be reduced during the Summer Period in

accordance with this Section 12.15.

(a) For Transportation to and from Storage provided by

Panhandle under Rate Schedule WS, PS or FS,

the Maximum Daily Contract Quantity in the

Summer Period shall be reduced if the Transportation

Agreement provides that:

(i) During the Summer Period the sole primary Point

of Delivery is the WS Point or PS Point; and

the Maximum Daily Contract Quantity at the