Panhandle Eastern Pipe Line Company, LP


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Effective Date: 06/30/2004, Docket: RP04-321-000, Status: Effective

Original Sheet No. 608 Original Sheet No. 608 : Effective








1.2 Shipper hereby agrees to purchase the storage service

offered by Panhandle hereunder and may desire to have certain volumes

(Stored Volume) delivered into storage for Shipper's account during

the term hereof, up to the Maximum Stored Quantity, stated on

Exhibit A, which shall be the maximum inventory Shipper may maintain

in storage hereunder at any given time. Injections shall be made in

accordance with the monthly operating plan described herein below.

At no time shall Shipper's Stored Volume exceed its Maximum Stored

Quantity. Stored Volumes are to be withdrawn and delivered pursuant

to the terms and conditions of this Agreement, and in accordance

with Section 2 of Rate Schedule IOS and Section 2 of an eligible

Storage Agreement under Rate Schedule FS.


1.3 Exhibit A hereto states the Point(s) of Receipt and the

Point of Delivery. Exhibit A may be revised from time to time by

written agreement between Panhandle and Shipper and, as may be

revised, is by this reference incorporated in its entirety into this

Agreement and made an integral part hereof. Shipper's Maximum Daily

Contract Quantity shall be assigned among the Primary Point(s) of

Receipt set out on Exhibit A. Such assignment may be changed,

subject to the availability of capacity, in accordance with the

General Terms and Conditions.


1.4 Exhibit B hereto sets out a description of the Rate

Schedule EFT, SCT, IOS, and, if applicable WS, PS and FS Agreements

which underlie the service to be provided hereunder.


1.5 Shipper recognizes that no Point(s) of Receipt or Point

of Delivery hereunder shall include a Point(s) of Receipt or Point(s)

of Delivery on Panhandle's Gathering System, unless Shipper agrees to

accept a completely separate Gathering service. By designating a

firm Point(s) of Receipt or firm Point of Delivery hereunder which

is only available as a Gathering Point(s) of Receipt or Gathering

Point of Delivery, as those terms are defined in the General Terms

and Conditions of Panhandle's FERC Gas Tariff, Third Revised Volume

No. 1, Shipper shall be deemed to have requested such firm Gathering