EXHIBIT 10(c) EXHIBIT 10(c) RATE SCHEDULE FS FLEXIBLE STORAGE SERVICE FORM OF STORAGE AGREEMENT CONTRACT NO. 016773 THIS AGREEMENT, made and entered into as of the 1stday of April , 2000 , by and between: PANHANDLE EASTERN PIPE LINE COMPANY,...

EXHIBIT 10(c)



EXHIBIT 10(c)

RATE SCHEDULE FS
FLEXIBLE STORAGE SERVICE
FORM OF STORAGE AGREEMENT

 
CONTRACT NO. 016773

 
	THIS AGREEMENT, made and entered into as of the  1stday of   April  ,   2000  , by and between:



	PANHANDLE EASTERN PIPE LINE COMPANY, (hereinafter called "Panhandle"), a Delaware Corporation,



and



	PEOPLES GAS LIGHT AND COKE COMPANY (THE) (hereinafter called "Shipper"), a(n) LOCAL DISTRIBUTION COMPANY incorporated in the State of IL.



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 Volu
	



 

This contract is for Market Area Storage

  x  


This contract is for Field Area Storage
         





Injection Period:

Withdrawal Period:
            





Effective from

04/01/2000

through

09/30/2000:





Maximum Stored Quantity (MSQ):

	2,634,482 Dt.


Maximum Daily Injection Quantity(MDIQ):

	32,000 Dt./Day


Maximum Daily Withdrawal Quantity (MDWQ):

	0 Dt./Day




 
 

Percentage of the Stored Volume

to the

Maximum Stored Quantity

Available Withdrawal Quantities


100%  -  0%

100% of MDWQ



 

	
			1.2	In each year of the term of this Storage Agreement, Shipper may elect to retain a portion of its Stored Volume as carry-over volume (Carry-over Volume) to be left in storage during the succeeding Injection Period as set forth herein
and withdrawn in the succeeding Withdrawal Period as set forth herein.  Shipper may so retain up to 20% of its Maximum Stored Quantity for such carry-over without penalty. In the event the retained Carry-over Volume exceeds 20% of its Maximum Stored
Quantity,
	


 

	
			1.3	Shipper agrees to furnish, in addition to volumes delivered into storage, a volume of Gas equal to the percentage set out in effective Tariff Sheet No. 14 of such volumes delivered for injection into storage in each year of the term
hereof to be retained by Panhandle for use of compressor fuel, plus an additional volume of Gas equal to the percentage set out in effective Tariff Sheet No. 14 of volumes delivered to Shipper in each year of the term hereof to be retained by Panhandle
for us
	


 

	
			1.4	Panhandle shall receive from Shipper and inject into storage each Month during the Injection Period as set forth herein, Gas as nominated pursuant to the General Terms and Conditions.
	


 

	
			1.5	Where Shipper has designated as the WS point a point not located on Panhandle's system, then the maximum quantities for injection and withdrawal on any Day shall be subject to any restrictions or other limitations applicable to the
lease or storage agreement between Panhandle and the owner or operator of the storage facility, in addition to the restrictions and limitations of this agreement and Rate Schedule FS.
	



ARTICLE 2
BILLING AND PAYMENT


	
			For the services provided or contracted for hereunder, Shipper agrees to pay Panhandle the then-effective, applicable rates and charges under Panhandle's Rate Schedule FS filed with the Commission, as such rates and charges and Rate Schedule
FS may hereafter be modified, supplemented, superseded, or replaced generally or as to the service hereunder. Panhandle reserves the right from time to time to unilaterally file and to make effective any such changes in the terms or rate levels under Rate
S
	



 

	
			From time to time Panhandle and Shipper may agree in writing, on a level of discount of the otherwise applicable rates and charges hereunder, pursuant to the effective applicable provisions of Rate Schedule FS and subject to the Regulations
and Orders of the Commission. For example, Panhandle and Shipper may agree that a specified discounted rate shall apply: (a) only to certain Quantities under this Agreement; (b) only if specified Quantity levels are actually achieved or only with respect
to
	


 

	
			From time to time Panhandle and Shipper may agree to a Negotiated Rate for a specified term for service hereunder. Provisions governing such Negotiated Rate and term shall be set forth an Exhibit A hereto.
	



ARTICLE 3
POINTS OF RECEIPT AND DELIVERY


	
			During the Injection Period Gas shall be received by Panhandle from Shipper for injection into storage, and during the Withdrawal Period the Stored Volume withdrawn for the account of Shipper hereunder shall be delivered to Shipper, at the WS
Point as defined in the General Terms and Conditions on a firm basis.
	



ARTICLE 4
TERM


	
			4.1	This Agreement shall be effective from the date first stated above. Panhandle shall provide firm storage service for Shipper pursuant to this Agreement from lst day of April, 2000 through 31st day of March, 2003, when the term of this
Agreement shall expire.
	



ARTICLE 5
GENERAL TERMS AND CONDITIONS


	
			This Agreement and all terms for service hereunder are subject to the further provisions of Rate Schedule FS and the General Terms and Conditions of Panhandle's Tariff, as such may be modified, supplemented, superseded or replaced generally
or as to the service hereunder. Panhandle reserves the right from time to time to unilaterally file and to make effective any such changes in the provisions of Rate Schedule FS and/or the General Terms and Conditions, subject to the applicable provisions
of
Commission's Regulations thereunder. Such Rate Schedule and General Terms and Conditions, as may be changed from time to time, are by this reference incorporated in their entirety into this Agreement and made an integral part hereof.
	



ARTICLE 6
SUCCESSION AND ASSIGNMENT


	
			This Agreement shall be binding upon and inure to the benefit of any successor(s) to either Panhandle or Shipper by merger, consolidation or acquisition. Either Panhandle or Shipper may assign or pledge this Agreement and all rights and
obligations hereunder under the provisions of any mortgage, deed of trust, indenture or other instrument which it has executed or may execute hereafter as security for indebtedness; otherwise, except as provided in Section 15 of the General Terms and
Conditions,
	



ARTICLE 7
NOTICES


	
			Except as herein otherwise provided, any notice, request, demand, statement or xxxx provided for in this Storage Agreement and in the General Terms and Conditions of the Tariff and the Rate Schedules to which they apply, or any notices which
either Panhandle or Shipper may desire to give to the other, shall be in writing and shall be considered as duly delivered when mailed by registered mail to the post office address of Panhandle or Shipper, or at such other address as either shall
designate
	



 
 

PANHANDLE


Payment:

Panhandle Eastern Pipe Line Company


P. 0. Xxx 000000


Xxxxxxx, Xxxxx 77216-1202


Nomination and

Panhandle Eastern Pipe Line Company


Scheduling:

Attn:  Marketing Operations


P. 0. Xxx 0000


Xxxxxxx, Xxxxx 00000-0000


Phone:  (000) 000-0000


Facsimile:  (000) 000-0000


Pipeline Emergencies:

Panhandle Eastern Pipe Line Company


(Not to be used for

Attn: Gas Control


any other purpose)

P. 0. Xxx 0000


Xxxxxxx, Xxxxx 00000-0000


Phone:  (000) 000-0000


Toll Free:  1-800-225-3913


All Other:

Panhandle Eastern Pipe Line Company


Attn: Customer Services


P. 0. Xxx 0000


Xxxxxxx, Xxxxx 00000-0000


Phone:  (000) 000-0000 or


             0-000-000-0000


Facsimile:  (000) 000-0000


SHIPPER


Billing:

PEOPLES GAS LIGHT AND COKE COMPANY (THE)


Mailing:	000 X XXXXXXXX XX, 00XX XXXXX


	XXXXXXX, XX  00000


Street :	000 X XXXXXXXX XX, 00XX XXXXX


	XXXXXXX,.XX  00000


	Attn: XXXXX XXXX	000-000-0000


Nomination and

PEOPLES GAS LIGHT AND COKE COMPANY (THE)


Scheduling: (1)

Mailing:	000 X XXXXXXXX XX, 00XX XXXXX


	XXXXXXX, XX  00000


Street :	000 X XXXXXXXX XX, 00XX XXXXX


	XXXXXXX, XX	00000


	Attn: XXXXX XXXX	000-000-0000


All Other:

PEOPLES GAS LIGHT AND COKE COMPANY (THE)


Mailing:	000 X XXXXXXXX XX, 00XX XXXXX


	XXXXXXX, XX  00000


Street :	000 X XXXXXXXX XX, 00XX XXXXX


	XXXXXXX, XX  00000


	Attn: XXX XXXXXXXXX	000-000-0000




(1)	Please provide street address in addition to mailing address.

 
 
Contract-No:  016773


	
			IN WITNESS WHEREOF, both Panhandle and Shipper have caused this Agreement to be executed in several counterparts by their respective officers or other persons duly authorized to do so, as of the date first stated above.
	


 

PANHANDLE EASTERN PIPE LINE COMPANY


By

/s/  Xxxxx X. Xxxxxxxx


(Please type or print name)


Title

Vice President, Marketing


Executed

(Date)




 

PEOPLES GAS LIGHT AND COKE COMPANY  (THE)


By

/s/  X. X. Field


X. X. Field


(Please type or print name)


Title

Executive Vice President


Executed

March 3, 2000

(Date)



 
 

QUANTITIES
 
Storage Agreement
Between
Panhandle Eastern Pipe Line Company
For
Firm Storage Service
Under Rate Schedule FS
 
and

PEOPLES GAS LIGHT AND COKE COMPANY (THE)

Contract No. 016773


Effective from 04/01/2000  through  09/30/2000:

Maximum Stored Quantity (MSQ):

	2,634,482 Dt.


Maximum Daily Injection Quantity(MDIQ):

	32,000 Dt./Day


Maximum Daily Withdrawal Quantity (MDWQ):

	0 Dt./Day


Effective from 10/01/2000  through  11/30/2000:

Maximum Stored Quantity (MSQ):

	2,634,482 Dt.


Maximum Daily Injection Quantity(MDIQ):

	32,000 Dt./Day


Maximum Daily Withdrawal Quantity (MDWQ):

	87,816 Dt./Day


Effective from 12/01/2000  through  03/31/2001:

Maximum Stored Quantity (MSQ):

	2,634,482 Dt.


Maximum Daily Injection Quantity(MDIQ):

	42,500 Dt./Day


Maximum Daily Withdrawal Quantity (MDWQ):

	87,816 Dt./Day


Effective from 04/01/2001  through  09/30/2001:

Maximum Stored Quantity (MSQ):

	2,634,482 Dt.


Maximum Daily Injection Quantity(MDIQ):

	32,000 Dt./Day


Maximum Daily Withdrawal Quantity (MDWQ):

	0 Dt./Day


Effective from 10/01/2001  through  11/30/2001:

Maximum Stored Quantity (MSQ):

	2,634,482 Dt.


Maximum Daily Injection Quantity(MDIQ):

	32,000 Dt./Day


Maximum Daily Withdrawal Quantity (MDWQ):

	87,816 Dt./Day


Effective from 12/01/2001  through  03/31/2002:

Maximum Stored Quantity (MSQ):

	2,634,482 Dt.


Maximum Daily Injection Quantity(MDIQ):

	42,500 Dt./Day


Maximum Daily Withdrawal Quantity (MDWQ):

	87,816 Dt./Day


Effective from 04/01/2002  through  09/30/2002:

Maximum Stored Quantity (MSQ):

	2,634,482 Dt.


Maximum Daily Injection Quantity(MDIQ):

	32,000 Dt./Day


Maximum Daily Withdrawal Quantity (MDWQ):

	0 Dt./Day


Effective from 10/01/2002  through  11/30/2002:

Maximum Stored Quantity (MSQ):

	2,634,482 Dt.


Maximum Daily Injection Quantity(MDIQ):

	32,000 Dt./Day


Maximum Daily Withdrawal Quantity (MDWQ):

	87,816 Dt./Day


Effective from 12/01/2002  through  03/31/2003:

Maximum Stored Quantity (MSQ):

	2,634,482 Dt.


Maximum Daily Injection Quantity(MDIQ):

	42,500 Dt./Day


Maximum Daily Withdrawal Quantity (MDWQ):

	87,816 Dt./Day




 
 
Contract-No: 016773
Storage Agreement
For
Firm Storage Service
Under Rate Schedule FS

Point(s) of Delivery


Function-

Meter

alization/

No.

Delivered To

No.

Mileage

County

State

Quantity


Effective from:  04/01/2000  Through:  09/30/2000

1

PEOPLES GAS LIGHT AND COK

66591

T/  000

XXXXXX

XX

0


Effective from:  10/01/2000  Through:  03/31/2001

2

PEOPLES GAS LIGHT AND COK

66591

T/  000

XXXXXX

XX

87,816


Effective from:  04/01/2001  Through:  09/30/2001

3

PEOPLES GAS LIGHT AND COK

66591

T/  000

XXXXXX

XX

0


Effective from:  10/01/2001  Through:  03/31/2002

4

PEOPLES GAS LIGHT AND COK

66591

T/  000

XXXXXX

XX

87,816


Effective from:  04/01/2002  Through:  09/30/2002

5

PEOPLES GAS LIGHT AND COK

66591

T/  000

XXXXXX

XX

0


Effective from:  10/01/2002  Through:  03/31/2003

4

PEOPLES GAS LIGHT AND COK

66591

T/  000

XXXXXX

XX

87,816





 
 

Description of Facilities

Atmos.


Existing/

Operated and

Pres.


No.

Proposed

Installed by

Maintained by

(Psia)


Effective from:  04/01/2000  Through:  09/30/2000

1

EXISTING

------

PANHANDLE EASTERN PIPE LINE

0


Effective from:  10/01/2000  Through:  03/31/2001

2

EXISTING

------

PANHANDLE EASTERN PIPE LINE

0


Effective from:  04/01/2001  Through:  09/30/2001

3

EXISTING

------

PANHANDLE EASTERN PIPE LINE

0


Effective from:  10/01/2001  Through:  03/31/2002

4

EXISTING

------

PANHANDLE EASTERN PIPE LINE

0


Effective from:  04/01/2002  Through:  09/30/2002

5

EXISTING

------

PANHANDLE EASTERN PIPE LINE

0


Effective from:  10/01/2002  Through:  03/31/2003

6

EXISTING

------

PANHANDLE EASTERN PIPE LINE

0




 
Contract-No: 016773
Storage Agreement
For
Firm Storage Service
Under Rate Schedule FS

Point(s) of Receipt


Function-

Meter

alization/

No.

Received From

No.

Mileage

County

State

Quantity


Effective from:  04/01/2000  Through:  11/30/2000

1

PEOPLES GAS LIGHT AND COK

66590

T/  000

XXXXXX

XX

32,000


Effective from:  12/01/2000  Through:  03/31/2001

2

PEOPLES GAS LIGHT AND COK

66590

T/  000

XXXXXX

XX

42,500


Effective from:  04/01/2001  Through:  11/30/2001

3

PEOPLES GAS LIGHT AND COK

66590

T/  000

XXXXXX

XX

32,000


Effective from:  12/01/2001  Through:  03/31/2002

4

PEOPLES GAS LIGHT AND COK

66590

T/  000

XXXXXX

XX

42,500


Effective from:  04/01/2002  Through:  11/30/2002

5

PEOPLES GAS LIGHT AND COK

66590

T/  000

XXXXXX

XX

32,000


Effective from:  12/01/2002  Through:  03/31/2003

4

PEOPLES GAS LIGHT AND COK

66590

T/  000

XXXXXX

XX

42,500





 
 

Description of Facilities

Atmos.


Existing/

Operated and

Pres.


No.

Proposed

Installed by

Maintained by

(Psia)


Effective from:  04/01/2000  Through:  11/30/2000

1

EXISTING

------

PANHANDLE EASTERN PIPE LINE

0


Effective from:  12/01/2000  Through:  03/31/2001

2

EXISTING

------

PANHANDLE EASTERN PIPE LINE

0


Effective from:  04/01/2001  Through:  11/30/2001

3

EXISTING

------

PANHANDLE EASTERN PIPE LINE

0


Effective from:  12/01/2001  Through:  03/31/2002

4

EXISTING

------

PANHANDLE EASTERN PIPE LINE

0


Effective from:  04/01/2002  Through:  11/30/2002

5

EXISTING

------

PANHANDLE EASTERN PIPE LINE

0


Effective from:  12/01/2002  Through:  03/31/2003

6

EXISTING

------

PANHANDLE EASTERN PIPE LINE

0




 
PANHANDLE EASTERN PIPE LINE COMPANY
0000 Xxxxxxxxxx Xxxx/X.X. Xxx 0000
Xxxxxxx, Xxxxx 77056/77210-4967
Marketing Administration Department
(000) 000-0000
Fax: (000) 000-0000
December 3, 1999

PEOPLES GAS LIGHT AND COKE COMPANY (THE)
000 X XXXXXXXX XX, 00XX XXXXX
XXXXXXX, XX 	00000

Gentlemen:
Re: 016773


	
		Currently, Panhandle Eastern Pipe Line Company ("Transporter") is transporting natural gas pursuant to and in accordance with the regulations issued by the Federal Energy Regulatory Commission ("FERC") enabling Transporter to provide
transportation pursuant to Section 7 of the Natural Gas Act ("NGA") and Subpart G of 18 C.F.R. Part 284.
	
	
	
	
		In order for Transporter to initiate transportation of natural gas in accordance with the referenced service agreement, certain assurances must be obtained from you, as Shipper.
	
	
	
	
		Shipper represents and warrants that the gas purchased for transportation and transported by Transporter pursuant to the referenced transportation agreement is eligible for transportation pursuant to Subpart G of 18 C.F.R. Part 284 or other
similar applicable laws, regulations, and authorities.
	
	
	
	
		Please execute in the spaces provided for below and return with the executed Transportation Agreement.
	













Sincerely,

 











PANHANDLE EASTERN PIPE LINE COMPANY

 
By:
 
/s/  Xxxxx X. Xxxxxxxx

 
Title
 
Vice President, Marketing





 
Agreed to and Accepted this

 
  3   day of   March  ,   2000  

 
PEOPLES GAS LIGHT AND COKE COMPANY  (THE)

 
By
 
/s/  X. X. Field

 
X. X. Field

 
(Please type or print name)

 
Title
 
Executive Vice President