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Enron Mail |
I agree with Teb.
(I have programed my e-mail so that this is always the opening line.) The FTS-1 remains FTS-1 the entire time period. It does not convert back to SFTS. Chattahoochee is simply holds all FTS-1 rights and obligations between releases. There is no requirement regarding time periods between releases. The only requirements regarding time is the limitation that switches from SFTS to FTS-1 and FTS-1 to SFTS cannot be sooner than 12 months. (Sheet No 31.) -----Original Message----- From: Lokey, Teb Sent: Monday, January 14, 2002 9:06 AM To: Bastida, Nancy; King Jr., Frazier Cc: Trevino, Linda; Eldridge, Dale; Brown, Elizabeth Subject: RE: SFTS conversions If Chattahoochee converted all of their SFTS to FTS-1 for the purpose of release, there is no problem with a gap. If they still hold any SFTS, they cannot have FTS-1 capacity at the same time, even for 1 month. -----Original Message----- From: Bastida, Nancy Sent: Friday, January 11, 2002 3:41 PM To: King Jr., Frazier; Lokey, Teb Cc: Trevino, Linda; Eldridge, Dale; Brown, Elizabeth Subject: SFTS conversions Importance: High I have a question about the SFTS conversions that were done a while back so that the customer could utilize our capacity release program. I noticed that The City of Chattahoochee converted their SFTS to FTS-1 and that the temporary acquisitions on their FTS-1 have a gap. More specifically, they have a release in place for 10/1/02 thru 4/30/03 and the next release begins 10/1/03 thru 4/30/04. Do the releases have to be consecutive in order for them to retain their conversion to FTS-1? Because they will not have a release in place for May thru Sept. of 2003 according to their releases. Is this wrong? I haven't checked to see if this occurs on any of the other coversions and will if this is an issue. Please advise. nb
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