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TEXAS EASTERN TRANSMISSION RECEIVES FERC APPROVAL FOR PCB RATE RECOVERY AGREEMENT WITH CUSTOMERS

 TEXAS EASTERN TRANSMISSION RECEIVES FERC APPROVAL
 FOR PCB RATE RECOVERY AGREEMENT WITH CUSTOMERS
 HOUSTON, March 24 /PRNewswire/ -- Texas Eastern Transmission Corporation (TETCO), a subsidiary of Panhandle Eastern Corporation (NYSE: PEL), recently received final Federal Energy Regulatory Commission (FERC) approval for a settlement concerning the rate recovery of clean-up costs associated with polychlorinated biphenyls (PCBs) at certain locations along its pipeline system.
 "This settlement represents a fair and reasonable solution to a very complex problem," said George L. Mazanec, president of TETCO. "We are pleased FERC approved our settlement without modification."
 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- 3/24/92
 /CONTACT: John P. Barnett, media relations, 713-627-4072, or Dorothy M. Ables, investor relations, 713-627-4600, both of Texas Eastern Transmission/
 (PEL) CO: Texas Eastern Transmission Corporation ST: Texas IN: OIL SU:


PS -- NY062 -- 1295 03/24/92 17:50 EST
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Publication:PR Newswire
Date:Mar 24, 1992
Words:156
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