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TEXAS EASTERN TRANSMISSION CORPORATION RECEIVES JUNE 1 IMPLEMENTATION DATE FOR ORDER 636 SERVICES

 HOUSTON, April 23 /PRNewswire/ -- The Federal Energy Regulatory Commission (FERC) issued an order Thursday which establishes June 1 as the implementation date of Order 636 restructured services for Texas Eastern Transmission Corporation.
 "We are pleased that FERC has acted on our compliance filing. We will be working with our customers and the FERC staff to make the limited tariff changes required by the order and will implement the new services on June 1," said George Mazanec, president.
 FERC approved the company's request to keep capacity on certain pipelines as operational loops of its system for at least one year. The commission also approved Texas Eastern's transition cost-recovery mechanism.
 Order 636 requires interstate natural gas pipeline companies to unbundle the traditional sales service from transportation and storage services, which must be offered separately.
 Texas Eastern Transmission Corporation is a subsidiary of Panhandle Eastern Corporation (NYSE: PEL), which operates one of the nation's largest interstate natural gas pipeline systems, providing natural gas transportation and related services to the Midwest and Northeast markets.
 -0- 4/23/93
 /CONTACT: John P. Barnett, media relations, 713-627-4072, or Brad Porlier, investor relations, 713-627-4600, or 800-347-3636, both of Texas Eastern Transmission Corporation/
 (PEL)


CO: Texas Eastern Transmission Corporation ST: Texas IN: OIL SU:

TM -- NY095 -- 0245 04/23/93 16:31 EDT
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Date:Apr 23, 1993
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