Panhandle Eastern Pipe Line Company

First Revised Volume No. 1

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Effective Date: 01/09/1997, Docket: RP97-185-002, Status: Effective

Sub Original Sheet No. 586A Sub Original Sheet No. 586A : Superseded

RATE SCHEDULE IOS (Continued)

IN/OUT STORAGE SERVICE

FORM OF SERVICE AGREEMENT

EXHIBIT C

Storage Agreement

For

Firm Service

Under Rate Schedule IOS

Contract No.

NEGOTIATED RATE AGREEMENT

Shipper agrees to the Negotiated Rate option in accordance with

Section 3.9 of Rate Schedule IOS and notifies Panhandle that it

desires to be billed, and agrees to pay, the charges specified below

for the period commencing __________, 19__ and continuing until

__________, 19__. Shipper acknowledges that this election is an

alternative to the billing of charges for Rate Schedule IOS set forth

on effective Tariff Sheet No. 9, as revised from to time. Shipper

also acknowledges that its election constitutes waiver of its

reliance on and its right to use the recourse rates which are

available to it under the Rate Schedule IOS.

Specification of Negotiated Rate:

PANHANDLE EASTERN PIPE LINE COMPANY

BY: _________________________________

SHIPPER: _________________________________

BY: _________________________________

DATED: ___________________________________

SUPERSEDES EXHIBIT C DATED: ______________