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Original Sheet No. 317 Original Sheet No. 317 : Superseded

GENERAL TERMS AND CONDITIONS

(Continued)

(2)Buyer's proportionate share of Panhandle's

commodity deferred account balance shall be

determined by multiplying the total commodity

deferred account balance, whether the same shall

be a debit or credit, on the day prior to the

effective date of this Section 18.8, by a

fraction consisting of the amount of Panhandle's

commodity sales volumes to Buyer during the

twelve months prior to the effectiveness of this

Section 18.8 as the numerator and Panhandle's

total Buyer's commodity sales volumes during the

same period as the denominator.

(3)Buyer's proportionate share of Panhandle's demand

deferred account balance shall be determined by

multiplying the total demand deferred account

balance, whether the same shall be a debit or

credit, on the day prior to the effective date of

this Section 18.8, by a fraction consisting of

the Buyer's demand billing determinants during

the twelve months prior to the effectiveness of

this Section 18.8 as the numerator and

Panhandle's total Buyer's sales demand billing

determinants during the same period as the

denominator.

(e)Calculation of Prior Period Adjustment Component

(1)The Prior Period Adjustment Component of Buyer's

Direct Bill shall be computed for each Buyer by

adding Buyer's proportionate shares of the

commodity and demand portions of each prior

period adjustment which has been charged or

refunded to Panhandle, as the case may be, and

which have not been reflected in Panhandle's

deferred account prior to application of this

Section 18.8. The Prior Period Adjustment