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