Panhandle Eastern Pipe Line Company

First Revised Volume No. 1

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Effective Date: 01/09/1997, Docket: RP97-185-000, Status: Effective

First Revised Sheet No. 298A First Revised Sheet No. 298A : Superseded

Superseding: Original Sheet No. 298A

GENERAL TERMS AND CONDITIONS

(Continued)

(g) Reconciliation of Amounts to be Recovered

For the Section 18.4 Recovery Period, Panhandle shall

calculate the amount of the Second Supplemental TOP

Surcharge which it shall be deemed to have recovered

by multiplying throughput for each month by the

Second Supplemental TOP Volumetric Surcharge

applicable for such month. For purposes of

determining collections for the Section 18.4 Recovery

Period, any discounts applied by Panhandle to its

rates during such periods shall be deemed to have

been applied first to the Second Supplemental TOP

Volumetric Surcharge.

If the sum of the amounts recovered, inclusive of the

levelized interest component, for the Section 18.4

Recovery Period shall be calculated to be greater

than the Total Second Supplemental Surcharge Amount,

the amount of such excess divided by the most recent

twelve months of throughput data available, shall be

subtracted from the Maximum Rate to be collected

under each of Panhandle's services in effect during

the Section 18.4 Reconciliation Amount Recovery

Period, with carrying charges computed in the same

manner as provided for in connection with the

levelized interest provisions hereof.

If the sum of the amounts recovered, inclusive of the

levelized interest component, for the Section 18.4

Recovery Period shall be calculated to be less than

the Total Second Supplemental Surcharge Amount, the

amount of such deficiency divided by the most recent

twelve months of throughput data available, shall be

added to the Maximum Rate to be collected under each

of Panhandle's services in effect during the Section

18.4 Reconciliation Amount Recovery Period, with

carrying charges computed in the same manner as

provided for in connection with the levelized

interest provisions hereof.

Panhandle shall not be obligated to implement

procedures for further reconciliations beyond the

Section 18.4 Reconciliation Amount Recovery Period

for which provision is made herein.