Panhandle Eastern Pipe Line Company

First Revised Volume No. 1

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Effective Date: 07/10/2000, Docket: RP00-162-000, Status: Effective

Third Revised Sheet No. 314 Third Revised Sheet No. 314 : Superseded

Superseding: Substitute First Revised Sheet No. 314

GENERAL TERMS AND CONDITIONS

(Continued)

under Rate Schedules FT, EFT, SCT, LFT and HFT

shall be determined separately from the actual

amounts of GSR Costs recovered through

interruptible transportation rates under Rate

Schedules IT and EIT. For purposes of these

calculations, any amount by which interruptible

transportation rates have been discounted (up to

the amounts of GSR costs to be recovered through

such rates) will serve to decrease the actual

amounts of GSR Costs collected through

interruptible rates; and any amount by which GSR

Reservation Surcharges charged to any customer

affected by this Section 18.7 have been

discounted (up to the amounts of GSR costs to be

recovered through such rates) pursuant to a

discount agreement entered into prior to the

effective date of this Section 18.7, will serve

to decrease the amount of actual GSR Costs

collected through GSR Reservation Surcharges.

Any GSR Exit Fees will be added to the actual

amounts of GSR Costs recovered through GSR

Reservation Surcharges.

(2)If Panhandle's collections hereunder shall equal

or exceed its GSR Costs, Panhandle shall file to

terminate further collections hereunder and to

refund the amount of any excess collected to all

Shippers affected hereby in proportion to the

principal amount of actual GSR costs which they

have paid during the GSR cost collection period.

Within thirty (30) days of the Commission's

approval of such filing, refunds, with applicable

carrying charges, shall be paid. In addition,

Panhandle will submit a report to the Commission

setting out a comparison of its GSR costs and the

amounts collected hereunder and any repayments

actually made.

(3)If Panhandle's collections hereunder are less

than its GSR Costs, Panhandle shall file to

recover such deficiency, including carrying

charges, during the Carryover GSR Cost Collection

Surcharge Period by filing with the Commission

GSR Reservation Surcharges and interruptible