Panhandle Eastern Pipe Line Company

First Revised Volume No. 1

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Effective Date: 10/01/2002, Docket: RP02-466-000, Status: Effective

Second Revised Sheet No. 278B Second Revised Sheet No. 278B : Superseded

Superseding: First Revised Sheet No. 278B

GENERAL TERMS AND CONDITIONS

(Continued)

(ii) For biddable releases (1 year or more)

The timeline is the same as biddable releases

for less than 1 year except that the Releasing

Shipper shall post the Shipper Notice on the

Messenger system by 12:00 p.m. Central Time

four (4) Business Days before the award. Open

season ends no later than 1:00 p.m. Central Time

on the Business Day before timely nominations

are due (open season is three Business Days).