Panhandle Eastern Pipe Line Company

First Revised Volume No. 1

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

First Revised Sheet No. 613 First Revised Sheet No. 613 : Superseded

Superseding: Substitute Original Sheet No. 613

RATE SCHEDULE PS

PEAKING STORAGE SERVICE

FORM OF STORAGE AGREEMENT

THIS 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, Panhandle has available underground Gas storage

capacity; and

WHEREAS, Shipper desires to purchase and Panhandle desires to

provide certain storage service on a firm 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 and desires to have the volumes

hereinafter set forth (Stored Volume) injected into storage for

Shipper's account during the period of April 1 through October 31

(the Summer Period) of each year of the term hereof, up to the

Maximum Stored Quantity, set out below, which shall be the maximum

inventory Shipper may have injected into storage during the Summer

Period and maintained in storage hereunder at any given time. Stored

Volumes are to be withdrawn during the period November 1 through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 PS.