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PANHANDLE EASTERN PIPE LINE COMPANY RECEIVES FERC APPROVAL TO ORDER 636 COMPLIANCE FILING

 HOUSTON, March 29 /PRNewswire/ -- The Federal Energy Regulatory Commission issued an order Friday approving Panhandle Eastern Pipe Line Company's (NYSE: PEL) (PEPL) compliance filing under Order 636 for implementation May 1.
 "We are pleased to be one of the first pipeline companies to receive approval on a compliance filing," said Paul M. Anderson, PEPL president. "We are actively working with our customers to implement the restructured services, and expect a smooth transition on May 1."
 Order 636 requires interstate natural gas pipeline companies to unbundle the traditional sales service from transportation and storage services, which must be offered separately.
 Panhandle Eastern Corporation operates one of the nation's largest interstate natural gas pipeline systems, providing natural gas to the Midwest and Northeast markets.
 -0- 3/29/93
 /CONTACT: John P. Barnett (media), 713-627-4072, or Brad Porlier (investors), 713-627-4600 or 800-347-3636, both of Panhandle Eastern Pipe Line Company/
 (PEL)


CO: Panhandle Eastern Pipe Line Company ST: Texas IN: OIL SU:

SH -- NY088 -- 0640 03/29/93 15:42 EST
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Publication:PR Newswire
Date:Mar 29, 1993
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