<ARTICLE> 5
<LEGEND>
This schedule contains summary financial information extracted from the
Panhandle Eastern Pipe Line Company Quarterly Report on Form 10-Q for the
quarter ended September 30, 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

                             
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                          DEC-31-1999
<PERIOD-END>                               SEP-30-1999
<CASH>                                               0
<SECURITIES>                                         0
<RECEIVABLES>                                   89,000
<ALLOWANCES>                                         0
<INVENTORY>                                     45,000
<CURRENT-ASSETS>                               219,000
<PP&E>                                       1,520,000
<DEPRECIATION>                                  23,000
<TOTAL-ASSETS>                               2,435,000
<CURRENT-LIABILITIES>                          147,000
<BONDS>                                      1,094,000
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                         1,000
<OTHER-SE>                                   1,127,000
<TOTAL-LIABILITY-AND-EQUITY>                 2,435,000
<SALES>                                              0
<TOTAL-REVENUES>                               344,000
<CGS>                                                0
<TOTAL-COSTS>                                  125,000
<OTHER-EXPENSES>                                65,000
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                              57,000
<INCOME-PRETAX>                                154,000
<INCOME-TAX>                                    39,000
<INCOME-CONTINUING>                             62,000
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                    62,000
<EPS-BASIC>                                          0<F1>
<EPS-DILUTED>                                        0<F1>
<FN>
<F1>Not meaningful since Panhandle Eastern Pipe Line Company is a wholly-owned
subsidiary.
</FN>