<ARTICLE> 5
<LEGEND>
This schedule contains summary financial information extracted from the
Panhandle Eastern Pipe Line Company Quarterly Report on Form 10-K for the year
ended December 31, 1999 and is qualified in its entirety by reference to such
financial statements.
</LEGEND>
<CIK> 0000076063
<NAME> PANHANDLE EASTERN PIPE LINE COMPANY
<MULTIPLIER> 1,000
<CURRENCY> U.S. DOLLARS

                             
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          DEC-31-1999
<PERIOD-END>                               DEC-31-1999
<EXCHANGE-RATE>                                      1
<CASH>                                               0
<SECURITIES>                                         0
<RECEIVABLES>                                   112000
<ALLOWANCES>                                         0
<INVENTORY>                                      34000
<CURRENT-ASSETS>                                272000
<PP&E>                                         1537000
<DEPRECIATION>                                   37000
<TOTAL-ASSETS>                                 2560000
<CURRENT-LIABILITIES>                           204000
<BONDS>                                        1094000
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                          1000
<OTHER-SE>                                     1127000
<TOTAL-LIABILITY-AND-EQUITY>                   2560000
<SALES>                                              0
<TOTAL-REVENUES>                                471000
<CGS>                                                0
<TOTAL-COSTS>                                   191000
<OTHER-EXPENSES>                                 87000
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                               78000
<INCOME-PRETAX>                                 193000
<INCOME-TAX>                                     47000
<INCOME-CONTINUING>                              74000
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                     74000
<EPS-BASIC>                                          0<F1>
<EPS-DILUTED>                                        0<F1>
<FN>
<F1>Not meaningful since Panhandle Eastern Pipe Line Company is a wholly-owned
subsidiary.
</FN>