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

Second Revised Sheet No. 654 Second Revised Sheet No. 654 : Superseded

Superseding: First Revised Sheet No. 654

RATE SCHEDULE FS

FLEXIBLE 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, Panhandle has available underground Gas storage

capacity; and

 

WHEREAS, Shipper desires to purchase and Panhandle desires to

provide certain storage and transportation service.

 

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 the storage

facilities identified below for Shipper's account during 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

Injection Period as defined below and maintained in storage hereunder at

any given time. Stored Volumes are to be withdrawn from storage and

delivered to Shipper during the Withdrawal Period as defined below

pursuant to the terms and conditions of this Storage Agreement, all in

accordance with Section 2 of Rate Schedule FS and as restricted by the

volumes and percentages set out below.

 

This contract is for Market Area Storage

This contract is for Field Area Storage

 

Injection Period

 

Withdrawal Period

 

Maximum Stored Quantity Dt.

 

Maximum Daily Injection Quantity Dt./Day

 

Maximum Daily Withdrawal Quantity Dt./Day