Panhandle Eastern Pipe Line Company

First Revised Volume No. 1

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

Original Sheet No. 577 Original Sheet No. 577 : Superseded

RATE SCHEDULE IOS (Continued)

IN/OUT STORAGE SERVICE

FORM OF GAS STORAGE AGREEMENT

1.2 Shipper shall have the right to have delivered to it at the

IOS Point, as described in Rate Schedule IOS, any portion of its

Stored Volume, up to a maximum withdrawal of 1/100 of its Maximum

Stored Quantity, on any Day during the term hereof. In no event

shall volumes delivered hereunder to Shipper ever exceed Shipper's

Stored Volume as defined in Section 1.1. Panhandle shall not be

required to deliver quantities of Gas on any Day which exceed the

Maximum Daily Contract Quantities under firm Transportation

Agreements to which Shipper has a right to deliver Gas at the IOS

Point.

1.3 Transporter shall retain, as Fuel Reimbursement, the

percentages of Gas injected and withdrawn hereunder, as set forth on

effective Tariff Sheet No. 9.

ARTICLE 2

BILLING AND PAYMENT

For the services provided or contracted for hereunder, Shipper

agrees to pay Panhandle the then-effective, applicable rates and

charges under Panhandle's Rate Schedule IOS filed with the

Commission, as such rates and charges and Rate Schedule IOS may

hereafter be modified, supplemented, superseded, or replaced

generally or as to the service hereunder. Panhandle reserves the

right from time to time to unilaterally file and to make effective

any such changes in the terms or rate levels under Rate Schedule IOS

and the applicability thereof, the General Terms and Conditions or

any other provisions of Panhandle's Tariff, subject to the applicable

provisions of the Natural Gas Act and the Commission's Regulations

thereunder.