Panhandle Eastern Pipe Line Company

First Revised Volume No. 1

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Effective Date: 05/01/1993, Docket: RS92- 22-005, Status: Effective

Original Sheet No. 300 Original Sheet No. 300 : Superseded

GENERAL TERMS AND CONDITIONS

(Continued)

(c) Definitions

The following defines certain terms as they are used

in this Section 18.5:

(1)Settlement Direct Bill Surcharge Amounts shall

mean the amounts specified on effective Tariff

Sheet No. 23 for each Buyer and Shipper

identified therein.

(2)Settlement Demand (or Reservation) Surcharge Unit

Amounts shall mean the amounts which shall be

added to the demand (or reservation charges) for

firm transportation services, as further

described in Section 18.5(f) hereof.

(3)Settlement Volumetric Surcharge Unit Amounts

shall mean the amounts which shall be added to

the commodity component of firm and interruptible

transportation services, as further described in

Section 18.5(g) hereof.

(4)As used for purposes of this Section 18.5, the

term Seller and Transporter are interchangeable

as indicated by the context.

(d)Recovery of Settlement Direct Bill Surcharge Amounts

Panhandle shall recover from those Buyers and those

Shippers identified on effective Tariff Sheet No. 23

Settlement Direct Bill Surcharge Amounts in the

manner prescribed in Section 18.5(e).

(e)Billing and Payment of Settlement Direct Bill

Surcharge Amounts

(1)The entire amount of each Buyer's and each

affected Shipper's Settlement Direct Bill

Surcharge Amount shall be due and payable ten

days after Panhandle submits an invoice to Buyer