Panhandle Eastern Pipe Line Company

First Revised Volume No. 1

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Effective Date: 11/01/1999, Docket: RP99-506-000, Status: Effective

First Revised Sheet No. 605 First Revised Sheet No. 605 : Superseded

Superseding: Original Sheet No. 605

RATE SCHEDULE IWS

INTERRUPTIBLE WINTER STORAGE SERVICE

FORM OF STORAGE AGREEMENT

THIS STORAGE AGREEMENT, made and entered into this day of

______________, ______, by and between PANHANDLE EASTERN PIPE LINE

COMPANY ("Panhandle") and

("Shipper"),

W I T N E S S E T H:

WHEREAS, Shipper desires to purchase and Panhandle desires to

provide certain storage and transportation service on a capacity

available basis.

NOW, THEREFORE, Panhandle and Shipper do mutually agree as

follows:

ARTICLE 1

DELIVERY OF THE STORED VOLUME

1.1 Shipper hereby agrees to purchase the storage service

offered by Panhandle hereunder on an interruptible basis and may

nominate for storage hereunder certain volumes of Gas (Stored

Volume), up to a Maximum Stored Quantity, set out below. Nominations

for injection into the storage facilities identified below may be

made for the period of April 1 through October 31 (the Summer Period)

of each year of the term hereof, under Transportation Agreements

designated by Shipper. Stored Volumes are to be delivered to Shipper

during the period November 1 through March 31 (Winter Period) of each

year pursuant to the terms and conditions of this Storage Agreement,

all in accordance with Section 2 of Rate Schedule IWS.

This contract is for Market Area Storage ______

This contract is for Field Area Storage ______

Maximum Stored Quantity ___________ Dt.

Maximum Daily Injection Quantity ___________ Dt./Day

Maximum Daily Withdrawal Quantity ___________ Dt./Day