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HomeMy WebLinkAboutEek, Kaltag, Shungnak, Grayling, & Lower Kalsag PCE Economic Analysis Summary Sheet 1990PCE ECONOMIC ANALYSIS SUMMARY SHEET Village: AVEC: Eek, Kaltag, Shungnak, Grayling, Lower Kalsag Analysis Date: 6/4/90 Summary: AVEC provided data to the Energy Authority regarding proposed generating efficiency improvement projects in the above five referenced communities. This information included the estimated project cost and fuel efficiency improvement for each proposed project, in addition to other data (see attachment A). Verification of the accuracy or methodology of this data was not performed, other than to verify the quantity of fuel saved for each proposed project*. The attached PCE rate analysis for these five communities compares the impact on the PCE program for three different funding scenario’s: 1) The project is implemented using 100% grant funds. 2) The project is implemented using both grant funds and AVEC funds (the difference between the estimated project cost and the 10 year PCE savings realized by the project is funded by AVEC.) 3) The project is implemented using only AVEC funds. Each scenario compares the calculated reduction in PCE rate realized by implementing the project with AVEC’s current PCE rate. The results of these analyses are as follows: Eek: New Gen-Set Project Cost: $84,000 Partial Grant Scenario: N/A Effy Improv: 3.5 kWh/gal Fuel Saved: 15,790 gal Loan Scenario: $ Fuel Saved: $15,739 Loan Amount: $84,000 10yr PCE Savings: $14,259 Grant Scenario Simple Payback: 58.9 Years Grant Amount: $84,000 10yr PCE Savings: $92,354 Simple Payback: 9.10 Yr Kaltag: New Gen-Set Project Cost: Effy Improv: Fuel Saved: $ Fuel Saved: Grant Scenario: Grant Amount: 10yr PCE Savings: Simple Payback: Shungnak: New Gen-Set Project Cost: Effy Improv: Fuel Saved: $ Fuel Saved: Grant Scenario: Grant Amount: 10yr PCE Savings: Simple Payback: Grayling: New Gen-Set Project Cost: Effy Improv: Fuel Saved: $ Fuel Saved: Grant Scenario: Grant Amount: 10yr PCE Savings: Simple Payback: Lower Kalsag: Project Cost: Effy Improv: Fuel Saved: $ Fuel Saved: Grant Scenario: Grant Amount: 10yr PCE Savings: Simple Payback: * Note: $61,907 2.0 kWh/gal 8,283 gal $8,431 $61,907 $49,471 12.51 Yr $110,000 1.0 kWh/gal 7,108 gal $11,855 $110,000 $69,560 15.81 Yr $77,589 1.6 kWh/gal 6,724 gal $6,448 $77,589 $37,835 20.51 Yr New Gen-Set $85,200 1.1 kWh/gal 8,234 gal $8,266 $85,200 $48,506 17.56 Yr Partial Grant Scenario: Grant Amount: $49,471 10yr PCE Savings: $37,909 Simple Payback: 13.05 Yr Loan Scenario: Loan Amount: $61,907 10yr PCE Savings: ($8,084) Simple Payback: N/A Partial Grant Scenario: Grant Amount: $69,560 10yr PCE Savings: $31,964 Simple Payback: 21.76 Yr Loan Scenario: Loan Amount: $110,000 10yr PCE Savings: ($32,706) Simple Payback: N/A Partial Grant Scenario: Grant Amount: $37,835 10yr PCE Savings: $876 Simple Payback: 431.9 Yr Loan Scenario: Loan Amount: $77,589 10yr PCE Savings: ($34,299) Simple Payback: N/A Partial Grant Scenario: Grant Amount: $48,506 10yr PCE Savings: $14,392 Simple Payback: 33.7 Yr Loan Scenario: Loan Amount: $85,200 10yr PCE Savings: ($30,704) Simple Payback: N/A Line losses for Grayling and Lower Kalsag are unusually high, 18.7% and 18.1%, respectively. Line losses for Kaltag are less than one percent. Clarification of these line losses may impact the results of the analysis. /ss attachments cc: Brent Petrie Dick Emerman Gary Smith Dave Denig-Chakroff Sue White Marcey Rawitscher ATTACHMENT A Location: Ste Purpose: ‘Improve Generating Efficiency ¥ Methodology: Install Higher Efficiency Diesel Engine and Generator. oY oe Projected Improvement: Increase Generating Efficiency from 8.8 KWHr/Gal to 12.3 ~ KWHr/Gal 7m Projected Savings: Decrease Annual Fuel Requirement by 15000 Gallons ” 1989 Delivered Fuel Cost: $.9968/Gal Y Estimated Cost: $84,000 ¥ Project Description: Purchase, Transport and Install a New, Higher Efficiency Y . Diesel Electric Generator Set in Position #2 in the Eek a \ ny Power Plant \ Lb Pree \ 0 Hesstite: Kaltag ~~ Purpose: Improve Generating Efficiency Methodology: Install Higher Efficiency Diesel Engine Oe Projected Improvement: Increase Generating Efficiency from 10.60. KWHr/Ga’ to ,0~ A 12.60 KWHr/Gal Projected Savings: Decrease Annual Fuel Requirements by 9000 Gallons Y 1989 Delivered Fuel Cost: $1.0179/GalY’ Estimated Cost: $61,907 v Project Description: Purchase, Transport and Install a New Higher Efficiency Diesel Engine and Skid in Position #1 in the Kaltag Power Plant Location: /[Shungnak} Purpose: ‘Improve Generating Efficiency Methodology: Install Higher Efficiency Diesel Engine and Generator Projected Improvements: Increase Generating Efficiency from 10.9 KWHr/Gal to 11.9 219% KWHr/Gal a Projected Savings: Decrease Annual Fuel Requirement by 7000 Gallons” 1989 Delivered Fuel Cost: $1.6677/Gal Estimated Cost: $110,000 Project Description: Purchase, Transport and Install a New, Higher Efficiency Diesel Electric Generator Set in Position #5 in the qn ty aden Shungnak Power Plant “ Location: Grayling Purpose: Improve Generating Efficiency Methodology: Install Higher Efficiency Diesel Engine and Generator rm Projected Improvement: Increase Generating Efficiency from 10.6 KWHr/Gal to 12.2 + | ee KWHr/Gal a Projected Savings: Decrease annual Fuel Requirements by 6000 Gallons ¥ 1989 Delivered Fuel Cost: $.9589/Gal/ Estimated Cost: $77, 58 Project Description: Purchase, Transport and Install a New Higher Efficiency Diesel Electric Generator Set in Position #2 in the ayli P yer Grayling Power Plant SO Crocation: Lower Kalskag Purpose: Improve Generating Efficiency Methodology: Install Higher Efficiency Diesel Engine Projected Improvement: Increase Generating Efficiency from 10.50 KWHr/Gal to a | ee 11.60 KWHr/Gal r Projected Savings: Decrease Annual Fuel Requirement cag 7 1989 Delivered Fuel Cost: $1.004/Gal Estimated Cost: $85,200 Project Description: Purchase, Transport and Install a New, Higher Efficiency Diesel Engine and Skid in Position #3 in the Lower Kalskag Power Plant EEK.XLS,6/4/90, IAVEC_PCE RATE ANALYSIS WITH GRANT Village: Eek Elec. Sold Vill FY89 449,120 kwh* Elec. Sold AVEC FY89: 34,800,981 kWh* Capital Cost: Fuel Effy FY89: 8.38 kWh/gal* Fuel Effy FY89: 10.6 kWh/gal* New Effy: 3.5 11.88 kWh/gal** New Effy: 0 10.6 kWh/gal Fuel Saved (Gal): Fuel Price: 0.9968 $/gal** Fuel Price: 1.01828 $/gal*** Fuel Saved ($): $15,739 Grant Amount: 10 Year PCE Savings: $92,354 (Based on 100% grant) Simple Payback, years: Grant Amount: 10 Year PCE Savings: $92,354 (Based on Partial grant) Simple Payback, years: 9.10 CURRENT SCENARIO PARTIAL GRANT W/NON-FUEL INCREASE 100% GRANT,NO NON-FUEL INCREASE Fuel Cost: $3,343,127 Fuel Cost: $3,327,388 Fuel Cost: $3,327,388 kWh Sold: 34,800,981 kWh Sold: 34,800,981 kWh Sold: 34,800,981 Non- fuel Cost: $6,851,984 Non- fuel Cost: $6,851,984 Non-fuel Cost: $6,851,984 kWh Sold: 26,115,237 kWh Sold: 26,115,237 kWh Sold: 26,115,237 PCE Rate: $0.25977 PCE Rate: $0.25934 PCE Rate: $0.25934 Elig. Kwh Sold: 21,495,296 Elig. Kwh Sold: 21,495,296 Elig. Kwh Sold: 21,495,296 PCE Total Costs: $5,583,772 PCE Total Costs: $5,574,536 PCE Total Costs: $5,574,536 PCE Annual Savings: PCE Annual Savings: $9,235 NOTES: (with partial grant) (with 100% grant) CURRENT SCENARIO Fuel Cost, Non-fuel Cost, and kWh Sold are from the latest AEA FY89 PCE DATA Eligible kwh Sold is from the AEA FY89 PCE DATA PARTIAL GRANT W/NON-FUEL INCREASE Fuel Cost is based on NEW fuel efficiency & kwh sold from AEA FY89 PCE data,& $/gallon from AVEC Non-fuel Cost is from APUC PCE filing + DEPRECIATION AND INTEREST ON THE DIFFERENCE BETWEEN THE CAPITAL COST AND GRANT kWh Sold is from the AEA FY89 PCE data Eligible kWh Sold is from the AEA FY89 PCE DATA 100% GRANT,NO NON-FUEL INCREASE Fuel Cost is based on NEW fuel efficiency, AEA FY89 PCE kWh sold, & $/gallon from AVEC Non-fuel Cost is from the latest APUC PCE rate filing (DOES NOT INCLUDE ADDITIONAL DEPRECIATION & INTEREST) kWh Sold is from the AEA FY89 PCE data Eligible kwh Sold is from the AEA FY89 PCE DATA PARTIAL GRANT SCENARIO NON-FUEL COSTS Non-Fuel Cost: $6,851,984 INCREMENTAL Cost: $0 (Difference between 100% Grant and 10 Year PCE Savings) Depreciation Term: 10 yrs Depreciation and Interest Expense $0 per year Interest Rate: 12.00% Real Interest Rate: 7.18% 1.072 Inflation Rate: 4.50% Non- fuel Cost plus depreciation and interest expense: $6,851,984 per year * From FY89 AEA PCE Data ** From AVEC *** From Latest APUC PCE Rate Filing Page 1 EEK.XLS,6/4/90, [ PCE RATE ANALYSIS WITH 100% LOAN TO AVEC AT 12% _] Village: Eek Elec. Sold Vill FY89 449,120 Kwh* Elec. Sold AVEC FY89: 34,800,981 kwh* Capital Cost: $84,000 Fuel Effy FY89: 8.38 kWh/gal* Fuel Effy FY89: 10.6 kWh/gal* New Effy: 3.5 11.88 kWh/gal** New Effy: 0 10.6 kWh/gal Fuel Saved (Gal): Fuel Price: 0.9968 $/gal** Fuel Price: 1.01828 $/gal*** Fuel Saved ($): $15,739 Grant Amount: $0 10 Year PCE Savings: $14,259 (Based on 100% Loan) Simple Payback, years: N/A CURRENT SCENARIO 100% LOAN TO AVEC AT 12% Fuel Cost: $3,343,127 Fuel Cost: $3,327,388 kWh Sold: 34,800,981 kWh Sold: 34,800,981 Non- fuel Cost: $6,851,984 Non-fuel Cost: $6,861,971 kWh Sold: 26,115,237 kWh Sold: 26,115,237 PCE Rate: $0.25977 PCE Rate: $0.25970 Elig. Kwh Sold: 21,495,296 Elig. Kwh Sold: 21,495,296 PCE Total Costs: $5,583,772 PCE Total Costs: $5,582,346 PCE Annual Savings: $1,426 NOTES: (with 100% Loan) CURRENT SCENARIO Fuel Cost, Non-fuel Cost, and Kwh Sold are from the AEA FY89 PCE DATA Eligible kWh Sold is from the AEA FY89 PCE DATA 100% LOAN Fuel Cost is based on NEW fuel efficiency, AEA FY89 PCE kWh sold, & $/gallon from AVEC Non-fuel Cost is from the latest APUC PCE rate filing PLUS ADDITIONAL DEPRECIATION & INTEREST kWh Sold is from the AEA FY89 PCE data Eligible kWh Sold is from the AEA FY89 PCE DATA LOAN NON-FUEL COSTS Non-Fuel Cost: $6,851,984 CAPITAL Cost: $84,000 Depreciation Term: 10 yrs Depreciation and Interest Expense $13,309 per year Interest Rate: 12.00% Real Interest Rate: 7.18% 1.072 Inflation Rate: 4.50% Non-fuel Cost plus depreciation and interest expense: $6,861,971 per year * From FY89 AEA PCE Data ** From AVEC *** From Latest APUC PCE Rate Filing Page 2 KALTAG.XLS,6/4/90, | VEC PCE RATE ANALYSIS WITH GRANT Village: Kaltag Elec. Sold Vill FY89 518,130 kwh* Elec. Sold AVEC FY89: 34,800,981 kwh* Capital Cost: Fuel Effy FY89: 10.23 kWh/gal* Fuel Effy FY89: 10.6 kWh/gal* New Effy: 2 12.23 kWh/gal** New Effy: 0 10.6 kWh/gal Fuel Saved (Gal): Fuel Price: 1.0179 $/gal** Fuel Price: 1.01828 $/gal*** Fuel Saved ($): $8,431 Grant Amount: $61,907 10 Year PCE Savings: $49,471 (Based on 100% grant) Simple Payback, years: 12.51 Grant Amount: $49,471 10 Year PCE Savings: $37,909 (Based on Partial grant) Simple Payback, years: 13.05 CURRENT SCENARIO PARTIAL GRANT W/NON-FUEL INCREASE 100% GRANT,NO NON-FUEL INCREASE Fuel Cost: $3,343,127 Fuel Cost: $3,334,696 Fuel Cost: $3,334,696 kWh Sold: 34,800,981 kWh Sold: 34,800,981 kWh Sold: 34,800,981 Non- fuel Cost: $6,851,984 Non- fuel Cost: $6,853,463 Non- fuel Cost: $6,851,984 kWh Sold: 26,115,237 kwh Sold: 26,115,237 kWh Sold: 26,115,237 PCE Rate: $0.25977 PCE Rate: $0.25959 PCE Rate: $0.25954 Elig. Kwh Sold: 21,495,296 Elig. Kwh Sold: 21,495,296 Elig. Kwh Sold: 21,495,296 PCE Total Costs: $5,583,772 PCE Total Costs: $5,579,981 PCE Total Costs: $5,578,825 PCE Annual Savings: $3,791 PCE Annual Savings: $4,947 NOTES: (with partial grant) (with 100% grant) CURRENT SCENARIO Fuel Cost, Non-fuel Cost, and kWh Sold are from the latest AEA FY89 PCE DATA Eligible kWh Sold is from the AEA FY89 PCE DATA PARTIAL GRANT W/NON-FUEL INCREASE Fuel Cost is based on NEW fuel efficiency & kwh sold from AEA FY89 PCE data,& $/gallon from AVEC Non-fuel Cost is from APUC PCE filing + DEPRECIATION AND INTEREST ON THE DIFFERENCE BETWEEN THE CAPITAL COST AND GRANT kWh Sold is from the AEA FY89 PCE data Eligible kWh Sold is from the AEA FY89 PCE DATA 100% GRANT,NO NON-FUEL INCREASE Fuel Cost is based on NEW fuel efficiency, AEA FY89 PCE kWh sold, & $/gallon from AVEC Non-fuel Cost is from the latest APUC PCE rate filing (DOES NOT INCLUDE ADDITIONAL DEPRECIATION & INTEREST) kWh Sold is from the AEA FY89 PCE data Eligible kWh Sold is from the AEA FY89 PCE DATA PARTIAL GRANT SCENARIO NON-FUEL COSTS Non-Fuel Cost: $6,851,984 INCREMENTAL Cost: $12,436 (Difference between 100% Grant and 10 Year PCE Savings) Depreciation Term: 10 yrs Depreciation and Interest Expense $1,970 per year Interest Rate: 12.00% Real Interest Rate: 7.18% 1.072 Inflation Rate: 4.50% Non-fuel Cost plus depreciation and interest expense: $6,853,463 per year * From FY89 AEA PCE Data ** From AVEC *** From Latest APUC PCE Rate Filing Page 1 KALTAG.XLS, 6/4/90, [ PCE RATE ANALYSIS WITH 100% LOAN TO AVEC AT 12% Village: Kaltag Elec. Sold Vill FY89 518,130 Kwh* Elec. Sold AVEC FY89: 34,800,981 kWh* Capital Cost: $61,907 Fuel Effy FY89: 10.23 kWh/gal* Fuel Effy FY89: 10.6 kWh/gal* New Effy: 2 12.23 kWh/gal** New Effy: 0 10.6 kWh/gal Fuel Saved (Gal): 8,283 Fuel Price: 1.0179 $/gal** Fuel Price: 1.01828 $/gal*** Fuel Saved ($): $8,431 Grant Amount: 10 Year PCE Savings: (Based on 100% Loan) Simple Payback CURRENT SCENARIO 100% LOAN TO AVEC AT 12% Fuel Cost: $3,343,127 Fuel Cost: $3,334,696 kWh Sold: 34,800,981 kWh Sold: 34,800,981 Non- fuel Cost: $6,851,984 Non- fuel Cost: $6,859,344 kWh Sold: 26,115,237 kWh Sold: 26,115,237 PCE Rate: $0.25977 PCE Rate: $0.25980 Elig. Kwh Sold: 21,495,296 Elig. Kwh Sold: 21,495,296 PCE Total Costs: $5,583,772 PCE Total Costs: $5,584,580 PCE Annual Savings: ($808) NOTES: (with 100% Loan) CURRENT SCENARIO Fuel Cost, Non-fuel Cost, and Kwh Sold are from the AEA FY89 PCE DATA Eligible kWh Sold is from the AEA FY89 PCE DATA 100% LOAN Fuel Cost is based on NEW fuel efficiency, AEA FY89 PCE kWh sold, & $/gallon from AVEC Non-fuel Cost is from the latest APUC PCE rate filing PLUS ADDITIONAL DEPRECIATION & INTEREST kWh Sold is from the AEA FY89 PCE data Eligible kWh Sold is from the AEA FY89 PCE DATA LOAN NON-FUEL COSTS Non-Fuel Cost: $6,851,984 CAPITAL Cost: $61,907 Depreciation Term: 10 yrs Depreciation and Interest Expense $9,809 per year Interest Rate: 12.00% Real Interest Rate: 7.18% 1.072 Inflation Rate: 4.50% Non-fuel Cost plus depreciation and interest expense: $6,859,344 per year * From FY89 AEA PCE Data ** From AVEC *** From Latest APUC PCE Rate Filing Page 2 SHUNGNAK.XLS,6/4/90, Village: Elec. Sold Vill FY89 Shungnak 752,347 kwh* Elec. Sold AVEC FY89: Fuel Effy FY89: New Effy: 1 Fuel Price: 9.8 kwh/gal* 10.8 kwh/gal** 1.6677 $/gal** Fuel Effy FY89: New Effy: 0 Fuel Price: Grant Amount: 10 Year PCE Savings: (Based on 100% grant) Simple Payback, years: Grant Amount: 10 Year PCE Savings: (Based on Partial grant) Simple Payback, years: CURRENT SCENARIO PARTIAL GRANT W/NON-FUEL INCREASE Fuel Cost: $3,343,127 Fuel Cost: $3,331,272 kWh Sold: 34,800,981 kWh Sold: 34,800,981 Non-fuel Cost: $6,851,984 Non- fuel Cost: $6,856,792 kWh Sold: 26,115,237 kWh Sold: 26,115,237 PCE Rate: $0.25977 PCE Rate: $0.25962 Elig. Kwh Sold: 21,495,296 Elig. Kwh Sold: 21,495,296 PCE Total Costs: $5,583,772 PCE Total Costs: $5,580,575 PCE Annual Savings: (with partial grant) NOTES: CURRENT SCENARIO Fuel Cost, Non-fuel Cost, and kwh Sold are from the latest AEA FY89 PCE DATA Eligible kWh Sold is from the AEA FY89 PCE DATA PARTIAL GRANT W/NON-FUEL INCREASE 34,800,981 kwh* 10.6 kWh/gal* 10.6 kWh/gal 1.01828 $/gal*** Capital Cost: $110,000 Fuel Saved (Gal): Fuel Saved ($): 7, 108| $11,855 100% GRANT,NO NON-FUEL INCREASE Fuel Cost: $3,331,272 kWh Sold: 34,800,981 Non-fuel Cost: $6,851,984 kWh Sold: 26,115,237 PCE Rate: $0.25944 Elig. Kwh Sold: 21,495,296 PCE Total Costs: $5,576,816 PCE Annual Savings: (with 100% grant) Fuel Cost is based on NEW fuel efficiency & kWh sold from AEA FY89 PCE data,& $/gallon from AVEC Non-fuel Cost is from APUC PCE filing + DEPRECIATION AND INTEREST ON THE DIFFERENCE BETWEEN THE CAPITAL COST AND GRANT kWh Sold is from the AEA FY89 PCE data Eligible kWh Sold is from the AEA FY89 PCE DATA 100% GRANT,NO NON-FUEL INCREASE Fuel Cost is based on NEW fuel efficiency, AEA FY89 PCE kwh sold, & $/gallon from AVEC Non-fuel Cost is from the latest APUC PCE rate filing (DOES NOT INCLUDE ADDITIONAL DEPRECIATION & INTEREST) kWh Sold is from the AEA FY89 PCE data Eligible kwh Sold is from the AEA FY89 PCE DATA PARTIAL GRANT SCENARIO NON-FUEL COSTS Non-Fuel Cost: $6,851,984 INCREMENTAL Cost: $40,440 (Difference between 100% Grant and 10 Year PCE Savings) Depreciation Term: 10 yrs Depreciation and Interest Expense $6,407 per year Interest Rate: 12.00% Real Interest Rate: 7.18% 1.072 Inflation Rate: 4.50% Non-fuel Cost plus depreciation and interest expense: * From FY89 AEA PCE Data ** From AVEC *** From Latest APUC PCE Rate Filing Page 1 $6,856,792 per year SHUNGNAK.XLS,6/4/90, [ PCE RATE ANALYSIS WITH 100% LOAN TO AVEC AT 12% Village: Shungnak Elec. Sold Vill FY89 752,347 Kwh* Elec. Sold AVEC FY89: 34,800,981 kwWh* Capital Cost: $110,000 Fuel Effy FY89: 9.8 kWh/gal* Fuel Effy FY89: 10.6 kWh/gal* New Effy: 1 10.8 kWh/gal** New Effy: 0 10.6 kWh/gal Fuel Saved (Gal): 7,108 Fuel Price: 1.6677 $/gal** Fuel Price: 1.01828 $/gal*** |Fuel Saved ($): $11,855 Grant Amount: $0 10 Year PCE Savings: ($32,706) (Based on 100% Loan) Simple Payback N/A CURRENT SCENARIO 100% LOAN TO AVEC AT 12% Fuel Cost: $3,343,127 Fuel Cost: $3,331,272 kWh Sold: 34,800,981 kWh Sold: 34,800,981 Non- fuel Cost: $6,851,984 Non- fuel Cost: $6,865,063 kwh Sold: 26,115,237 kWh Sold: 26,115,237 PCE Rate: $0.25977 PCE Rate: $0.25992 Elig. Kwh Sold: 21,495,296 Elig. Kwh Sold: 21,495,296 PCE Total Costs: $5,583,772 PCE Total Costs: $5,587,042 PCE Annual Savings: ($3,271) NOTES: (with 100% Loan) CURRENT SCENARIO Fuel Cost, Non-fuel Cost, and Kwh Sold are from the AEA FY89 PCE DATA Eligible kWh Sold is from the AEA FY89 PCE DATA 100% LOAN Fuel Cost is based on NEW fuel efficiency, AEA FY89 PCE kWh sold, & $/gallon from AVEC Non-fuel Cost is from the latest APUC PCE rate filing PLUS ADDITIONAL DEPRECIATION & INTEREST kWh Sold is from the AEA FY89 PCE data Eligible kWh Sold is from the AEA FY89 PCE DATA LOAN NON-FUEL COSTS Non-Fuel Cost: $6,851,984 CAPITAL Cost: $110,000 Depreciation Term: 10 yrs Depreciation and Interest Expense $17,428 per year Interest Rate: 12.00% Real Interest Rate: 7.18% 1.072 Inflation Rate: 4.50% Non-fuel Cost plus depreciation and interest expense: $6,865,063 per year * From FY89 AEA PCE Data ** From AVEC *** From Latest APUC PCE Rate Filing Page 2 GRAYLING.XLS,6/4/90, JAVEC PCE RATE ANALYSIS WITH GRANT Village: Grayling Elec. Sold Vill FY89 375,006 kwh* Elec. Sold AVEC FY89: 34,800,981 kwh* Capital Cost: Fuel Effy FY89: 8.68 kWh/gal* Fuel Effy FY89: 10.6 kWh/gal* New Effy: 1.6 10.28 kWh/gal** New Effy: 0 10.6 kWh/gal Fuel Saved (Gal): 6,724 Fuel Price: 0.9589 $/gal** Fuel Price: 1.01828 $/gal*** Fuel Saved ($): $6,448 Grant Amount: 10 Year PCE Savings: $37,835 (Based on 100% grant) Simple Payback, years: Grant Amount: 10 Year PCE Savings: CURRENT SCENARIO PARTIAL GRANT W/NON-FUEL INCREASE 100% GRANT,NO NON-FUEL INCREASE Fuel Cost: $3,343,127 Fuel Cost: $3,336,679 Fuel Cost: $3,336,679 kWh Sold: 34,800,981 kWh Sold: 34,800,981 kWh Sold: 34,800,981 Non-fuel Cost: $6,851,984 Non- fuel Cost: $6,856,711 Non- fuel Cost: $6,851,984 kWh Sold: 26,115,237 kWh Sold: 26,115,237 kWh Sold: 26,115,237 PCE Rate: $0.25977 PCE Rate: $0.25976 PCE Rate: $0.25959 Elig. Kwh Sold: 21,495,296 Elig. Kwh Sold: 21,495,296 Elig. Kwh Sold: 21,495,296 PCE Total Costs: $5,583,772 PCE Total Costs: $5,583,684 PCE Total Costs: $5,579,988 PCE Annual Savings: PCE Annual Savings: $3,784 NOTES: (with partial grant) (with 100% grant) CURRENT SCENARIO Fuel Cost, Non-fuel Cost, and kWh Sold are from the latest AEA FY89 PCE DATA Eligible kWh Sold is from the AEA FY89 PCE DATA PARTIAL GRANT W/NON-FUEL INCREASE Fuel Cost is based on NEW fuel efficiency & kWh sold from AEA FY89 PCE data,& $/gallon from AVEC Non-fuel Cost is from APUC PCE filing + DEPRECIATION AND INTEREST ON THE DIFFERENCE BETWEEN THE CAPITAL COST AND GRANT kWh Sold is from the AEA FY89 PCE data Eligible kWh Sold is from the AEA FY89 PCE DATA 100% GRANT,NO NON-FUEL INCREASE Fuel Cost is based on NEW fuel efficiency, AEA FY89 PCE kWh sold, & $/gallon from AVEC Non-fuel Cost is from the latest APUC PCE rate filing (DOES NOT INCLUDE ADDITIONAL DEPRECIATION & INTEREST) kWh Sold is from the AEA FY89 PCE data Eligible kWh Sold is from the AEA FY89 PCE DATA PARTIAL GRANT SCENARIO NON-FUEL COSTS Non-Fuel Cost: $6,851,984 INCREMENTAL Cost: $39,754 (Difference between 100% Grant and 10 Year PCE Savings) Depreciation Term: 10 yrs Depreciation and Interest Expense $6,299 per year Interest Rate: 12.00% Real Interest Rate: 7.18% 1.072 Inflation Rate: 4.50% Non-fuel Cost plus depreciation and interest expense: $6,856,711 per year * From FY89 AEA PCE Data ** From AVEC *** From Latest APUC PCE Rate Filing Page 1 GRAYLING.XLS,6/4/90, Village: Grayling Elec. Sold Vill FY89 375 ,006 Kwh* Fuel Effy FY89: 8.68 kWh/gal* Elec. Sold AVEC FY89: Fuel Effy FY89: 34,800,981 10.6 kWh/gal* kWh* Capital Cost: New Effy: 1.6 10.28 kWh/gal** New Effy: 0 10.6 kWh/gal Fuel Saved (Gal): 6,724 Fuel Price: 0.9589 $/gal** Fuel Price: 1.01828 $/gal*** Fuel Saved ($): $6,448 Grant Amount: $0 10 Year PCE Savings: ($34,299) (Based on 100% Loan) Simple Payback CURRENT SCENARIO 100% LOAN TO AVEC AT 12% Fuel Cost: $3,343,127 Fuel Cost: $3,336,679 kWh Sold: 34,800,981 kWh Sold: 34,800,981 Non-fuel Cost: $6,851,984 Non- fuel Cost: $6,861,209 kwh Sold: 26,115,237 kWh Sold: 26,115,237 PCE Rate: $0.25977 PCE Rate: $0.25993 Elig. Kwh Sold: 21,495,296 Elig. Kwh Sold: 21,495,296 PCE Total Costs: $5,583,772 PCE Total Costs: $5,587,202 PCE Annual Savings: ($3,430) NOTES: (with 100% Loan) CURRENT SCENARIO Fuel Cost, Non-fuel Cost, and Kwh Sold are from the AEA FY89 PCE DATA Eligible kWh Sold is from the AEA FY89 PCE DATA 100% LOAN Fuel Cost is based on NEW fuel efficiency, AEA FY89 PCE kWh sold, & $/gallon from AVEC Non-fuel Cost is from the latest APUC PCE rate filing PLUS ADDITIONAL DEPRECIATION & INTEREST kWh Sold is from the AEA FY89 PCE data Eligible kWh Sold is from the AEA FY89 PCE DATA LOAN NON-FUEL COSTS Non-Fuel Cost: $6,851,984 CAPITAL Cost: $77,589 Depreciation Term: 10 Interest Rate: 12.00% Real Interest Rate: 7.18% Inflation Rate: 4.50% yrs 1.072 Depreciation and Interest Expense Non-fuel Cost plus depreciation and interest expense: * From FY89 AEA PCE Data ** From AVEC *** From Latest APUC PCE Rate Fi ling Page 2 $12,293 per year $6,861,209 per year LOWKALSG.XLS,6/4/90, Village: Lower Kalsag Elec. Sold Vill FY89 556,491 kWh* Elec. Sold AVEC FY89: 34,800,981 kwh* Capital Cost: Fuel Effy FY89: 8.09 kWh/gal* Fuel Effy FY89: 10.6 kWh/gal* New Effy: 1.1 9.19 kWh/gal** New Effy: 10.6 kwWh/gal Fuel Saved (Gal): Fuel Price: 1.004 $/gal** Fuel Price: 1.01828 $/gal*** Fuel Saved ($): Grant Amount: 10 Year PCE Savings: (Based on 100% grant) Simple Payback, years: Grant Amount: 10 Year PCE Savings: (Based on Partial grant) CURRENT SCENARIO PARTIAL GRANT W/NON-FUEL INCREASE 100% GRANT,NO NON-FUEL INCREASE Fuel Cost: $3,343,127 Fuel Cost: $3,334,860 Fuel Cost: $3,334,860 kWh Sold: 34,800,981 kWh Sold: 34,800,981 kWh Sold: 34,800,981 Non-fuel Cost: $6,851,984 Non- fuel Cost: $6,856,347 Non- fuel Cost: $6,851,984 kWh Sold: 26,115,237 kWh Sold: 26,115,237 kWh Sold: 26,115,237 PCE Rate: $0.25977 PCE Rate: $0.25970 PCE Rate: $0.25954 Elig. Kwh Sold: 21,495,296 Elig. Kwh Sold: 21,495,296 Elig. Kwh Sold: 21,495,296 PCE Total Costs: $5,583,772 PCE Total Costs: $5,582,332 PCE Total Costs: $5,578,921 PCE Annual Savings: $1,439 PCE Annual Savings: NOTES: (with partial grant) (with 100% grant) CURRENT SCENARIO Fuel Cost, Non-fuel Cost, and kWh Sold are from the latest AEA FY89 PCE DATA Eligible kWh Sold is from the AEA FY89 PCE DATA PARTIAL GRANT W/NON-FUEL INCREASE Fuel Cost is based on NEW fuel efficiency & kwh sold from AEA FY89 PCE data,& $/gallon from AVEC Non-fuel Cost is from APUC PCE filing + DEPRECIATION AND INTEREST ON THE DIFFERENCE BETWEEN THE CAPITAL COST AND GRANT kWh Sold is from the AEA FY89 PCE data Eligible kWh Sold is from the AEA FY89 PCE DATA 100% GRANT,NO NON-FUEL INCREASE Fuel Cost is based on NEW fuel efficiency, AEA FY89 PCE kWh sold, & $/gallon from AVEC Non-fuel Cost is from the latest APUC PCE rate filing (DOES NOT INCLUDE ADDITIONAL DEPRECIATION & INTEREST) kWh Sold is from the AEA FY89 PCE data Eligible kWh Sold is from the AEA FY89 PCE DATA PARTIAL GRANT SCENARIO NON-FUEL COSTS Non-Fuel Cost: $6,851,984 INCREMENTAL Cost: $36,694 (Difference between 100% Grant and 10 Year PCE Savings) Depreciation Term: 10 yrs Depreciation and Interest Expense $5,814 per year Interest Rate: 12.00% Real Interest Rate: 7.18% 1.072 Inflation Rate: 4.50% Non-fuel Cost plus depreciation and interest expense: $6,856,347 per year * From FY89 AEA PCE Data ** From AVEC *** From Latest APUC PCE Rate Filing Page 1 LOWKALSG.XLS,6/4/90, PCE RATE ANALYSIS WITH 100% LOAN TO AVEC AT 12% Village: Lower Kalsag Elec. Sold Vill FY89 556,491 Kwh* Fuel Effy FY89: 8.09 kWh/gal* Elec. Sold AVEC FY89: Fuel Effy FY89: New Effy: 0 Fuel Price: 34,800,981 kwh* Capital Cost: 10.6 kWh/gal* 10.6 kWh/gal 1.01828 $/gal*** Fuel Saved (Gal): Fuel Saved ($): $8,266 New Effy: 1.1 9.19 kWh/gal** Fuel Price: 1.004 $/gal** CURRENT SCENARIO Fuel Cost: $3,343,127 kWh Sold: 34,800,981 Non- fuel Cost: $6,851,984 kwh Sold: 26,115,237 PCE Rate: $0.25977 Elig. Kwh Sold: 21,495,296 PCE Total Costs: $5,583,772 NOTES: CURRENT SCENARIO Grant Amount: 10 Year PCE Savings: $0 ($30,704) 100% LOAN TO AVEC AT 12% Fuel Cost: $3,334,860 kWh Sold: 34,800,981 Non- fuel Cost: $6,862,114 kWh Sold: 26,115,237 PCE Rate: $0.25991 Elig. Kwh Sold: 21,495,296 PCE Total Costs: $5,586,842 PCE Annual Savings: ($3,070) (with 100% Loan) Fuel Cost, Non-fuel Cost, and Kwh Sold are from the AEA FY89 PCE DATA Eligible kWh Sold is from the AEA FY89 PCE 100% LOAN DATA Fuel Cost is based on NEW fuel efficiency, AEA FY89 PCE kWh sold, & $/gallon from AVEC Non-fuel Cost is from the latest APUC PCE rate filing PLUS ADDITIONAL DEPRECIATION & INTEREST kWh Sold is from the AEA FY89 PCE data Eligible kWh Sold is from the AEA FY89 PCE LOAN NON-FUEL COSTS Non-Fuel Cost: $6,851,984 CAPITAL Cost: $85,200 Depreciation Term: 10 yrs Interest Rate: 12.00% Real Interest Rate: 7.18% 1.072 Inflation Rate: 4.50% DATA Depreciation and Interest Expense Non-fuel Cost plus depreciation and interest expense: * From FY89 AEA PCE Data ** From AVEC *** From Latest APUC PCE Rate Filing Page 2 $13,499 per year $6,862,114 per year