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Southern Intertie report 8-2002
ke a POWERING ALASKA’S FUTURE eneral anager ECEIVE LTD) Valon a Kael August 23, 2002 AUG 2 8 2002 __ 3) Skeuna AIDEA/AEA Mr. Robert Poe Executive Director Alaska Industrial Development and Export Authority 813 W. Northern Lights Boulevard Anchorage, Alaska 99503-6690 Subject: Southern Intertie Monthly Report for August 2002 W.0.#E9590081 Dear Mr: “p Enclosed is 1 (one) copy of the Southern Intertie Report for August 2002. If there are any questions, please contact Dora Gropp, (907) 762-4626. Enclosures: 1 (one) copy of Southern Intertie Monthly Report iG Lee Thibert Michael Massin Dora Gropp Carol Johnson Mike Cunningham Don Edwards Alice Mullins W.O0.#E9590081, Sec., 2.1.3 RF CHUG42:—_— [ SE TPE PEE“ ccpicaiieacabcndnme aan @ CHUGA<.., POWERING ALASKA'S FUTURE CHUGACH ELECTRIC ASSOCIATION, INC. RE Anchorage, Alaska SORTER RS OT NR SN TY EO SOUTHERN INTERTIE Phase IC - EIS MONTHLY REPORT For AUGUST 2002 5601 Minnesota Drive / 99518 P.O. Box 196300 Anchorage, Alaska 99519-6300 sn IV. Vi. TABLE OF CONTENTS SUMMARY FINANCIAL 1. Chugach Statement July 2002 2) Activity Summary of July 2002 iS Transactions, Inception through July 2002 4. Bank Account Activity Summary of July 2002 2 Section II-A, Southern Intertie Transactions Allocations SCHEDULE 1. Project Schedule ITEMS FOR APPROVAL None. ITEMS FOR DISCUSSION None. ITEMS FOR INFORMATION fs POWER Engineers’ Monthly Report dated August 15, 2002 7 Single Audit - State Financial Assistance Reports Year ended December 31, 2001 I. SUMMARY The public review period for the Final Environmental Statement (FEIS) closed on August 12, 2002. Very few comments were received and no new topics materialized. The agencies have begun preparation of their individual Records of Decision (ROD). It appears that the RODs will be available earlier than anticipated (mid October). ANILCA regulations require that it be published no later than 4 months after the FEIS has been published, making November 12, 2002 the last day. Issuance of the RODs completes the NEPA process for the project. Expenditures for Phase IC (EIS) of the project stand as follows: POWER DESCRIPTION |. cinFERS (COE/USFWS/RUS| CHUGACH | TOTAL ORIG. BUDGET $389,547| $160,000, $100,000, $649,547 ALLOCATED ICONTINGENCY $0) $0 $0, $0 TOTAL $389,547 $160,000, $100,000 $649,547) AMENDMENTS $1,501,026] $50,000| $150,000, $1,701,026 TOTAL COMMITMENT] $1,890,573 $210,000, $250,000 $2,350,573 SPENT TO DATE $1,652,593 $187,190, $178,757] $2,018,541 % OF TOTAL 87% 89% 72% 86% Total Project expenditures as of 08/16/02 stand at $7,122,840. II. FINANCIAL i. 2. 3. 4. 5. Chugach Statement of July 2002 Activity Summary of July 2002 Transactions, Inception through July 2002 Bank Account Activity Summary of July 2002 Section II-A, Southern Intertie Transactions Allocations CHUGACH ELECTRIC ASSOCIATION, INC. Anchorage, Alaska 08/08/02 TO: Dora Gropp - Manager, Transmission & Special Projects FROM: Marina McCoy-Casey, Plant Accountant SUBJECT: E9590081 - Southern Intertie Route Selection Study You had previously requested establishment of this work order to study route selection for the Southern Intertie for the Intertie Participants Group. The Association will be reimbursed for charges to this work order. The following charges occurred during July 2002. Direct Labor 1,000.86 Indirect Labor 389.90 Power Engineers Invoice #94898 72,286.92 Heller Ehrman Invoice #10222324 3,596.00 Federal Express Invoice #4-295-2184 and #4-294-84028 105.02 Sub-Total 77,378.70 General, Administrative & Construction Overhead (0.5%) $386.89 Total Charges $77,765.59 Costs are allocated as follows: Grant through AIDEA - 75% $58,324.20 Chugach Electric - 8.8075% $6,849.20 City of Seward - 0.4195% $326.23 GVEA - 5.8587% $4,556.05 HEA - 3.3795% $2,628.09 AML&P - 6.5348% $5,081.83 $77,765.59 Please review the attached backup and indicate your concurrence below if you are in agreement that these charges are correct for this work order and time period. As per your request, I will keep the original in the work order file. Concur: bea a spp dfs Le 2 Signature i Date mmc Attachments July 2002 Chugach Electric Association, Inc. Southern Intertie Activity Summary Beginning Grant Chugach Ending Bank Funds Interest Invoices Bank Year Balance Received Earned Paid Balance 1996 0.00 2,771,277.00 40,361.59 (1,440,252.89) 1,371,385.70 1997 1,371,385.70 1,346,934.44 67,734.52 (2,421,276.94) 364,777.72 1998 364,777.72 525,214.00 19,424.02 (732,050.23) 177,365.51 1999 177,365.51 985,191.00 19,246.30 (643,398.53) 538,404.28 2000 538,404.28 271,383.56 31,904.14 (462,844.32) 378,847.66 2001 378,847.66 787,500.00 15,904.91 (664,381.33) 517,871.24 2002* 517,871.24 525,000.00 6,547.11 (378,519.61) 670,898.74 Total 7,212,500.00 201,122.59 _(6,742,723.85) * Through July 2002 bank statement (does not include Chugach invoices for charges incurred in July 2002) Southern Intertie AIDEA mtg 8/8/2002 CHUGACH ELECTRIC ASSOCIATION, INC. Southern Intertie Transactions Allocations Inception Through July 31, 2002 AIDEA Grant 100% AIDEA Grant 5% CEA 8.8075% Seward 0.4195% GVEA 5.8587% HEA 3.3795% AML&P 6.5348% Inception through Year to Date Month 12/31/2000 Through Total Through Ended Inception §/1/2001 7/1/2002 7/31/2002 __ Through 07/31/02 5,747,986.66 70,768.97 5,900,000.00 - 5,900,000.00 - 869,883.77 58,324.20 928,207.97 - 102,153.35 6,849.20 109,002.55 - 4,865.55 326.23 5,191.78 - 67,951.85 4,556.05 72,507.90 - 39,196.97 2,628.09 41,825.06 75,793.54 5,081.83 80,875.37 $ 5,747,986.66 $ 7,059,845.03 $ 77,765.59 $ 7,137,610.63 8/8/2002 58,324.20 19,441.40 77,765.59 01-02Sinterti CHUGACH ELECTRIC ASSOCIATION, INC. Southern Intertie Transactions Inception Through July 2002 Project Expenditures Direct Labor Indirect Labor Power Engineers Miscellaneous Total Grant Fund Expenditures Direct Charges that Chugach has been Reimbursed for Plus General, Administrative & Construction Overhead Total Amounts Paid to Chugach Year to Date Month Inception Through Ended Inception Through 12/31/00 7/1/2002 07/31/2002 Through 07/31/2002 $190,549.23 $33,573.23 $1,000.86 $225,123.32 75,871.61 16,968.51 389.90 93,230.02 5,060,117.80 1,173,022.25 72,286.92 6,305,426.97 392,851.08 81,767.70 3,701.02 478,319.80 $5,719,389.72 $1,305,331.69 $77,378.70 $7,102,100.10 Year to Date Month Inception Through Ended Inception Through 12/31/00 7/1/2002 07/31/2002 Through 07/31/2002 $ 5,719,389.71 $ 1,305,331.69 $ 77,378.70 $ 7,102,100.10 $ 28,596.95 _$ 6,526.67 _$ 386.89 $ 35,510.51 $ 5,747,986.66 $ 1,311,858.36 _$ 77,765.59 $ 7,137,610.62 8/8/2002 01-02Sinterti Invoice Month Date Incurred Costs OH Total Dec-95 Jun-Oct 95 22,614.00 113.07 22,727.07 Jan-96 0.00 0.00 0.00 Feb-96 Nov-Dec 95 176,265.61 881.33 177,146.94 Mar-96 Jan-96 7,660.92 38.30 7,699.22 Apr-96 Feb-96 251,912.29 1,259.56 253,171.85 May-96 Mar-96 172,070.45 860.35 172,930.80 Jun-96 Apr-96 127,113.82 635.57 127,749.39 Jun-96 May-96 35,628.41 178.14 35,806.55 Aug-96 Jun-96 40,919.00 204.60 41,123.60 Sep-96 Jul-96 $7,116.72 285.58 57,402.30 Oct-96 Aug-96 168,312.54 841.56 169,154.10 Oct-96 Sep-96 202,010.97 1,010.05 203,021.02 Dec-96 Oct-96 171,462.74 857.31 172,320.05 Life to Date 1,433,087.47 7,165.42 1,440,252.89 Jan-97 Nov-96 234,735.50 1,173.68 235,909.18 Feb-97 Dec-96 306,667.10 1,533.34 308,200.44 Mar-97 Jan-97 5,045.85 25.23 5,071.08 Apr-97 Feb-97 124,380.57 621.90 125,002.47 May-97 Mar-97 177,117.40 885.59 178,002.99 Jun-97 Apr-97 165,814.35 829.07 166,643.42 Jul-97 May-97 158,762.80 793.81 159,556.61 Aug-97 Jun-97 158,786.12 793.93 159,580.05 Aug-97 Jul-97 154,159.15 770.80 154,929.95 Sep-97 Aug-97 243,365.76 1,216.83 244,582.59 Oct-97 Sep-97 193,127.79 965.64 194,093.43 Nov-97 Oct-97 258,833.19 1,294.17 260,127.36 Dec-97 Nov-97 228,435.19 1,142.18 229,577.37 Year to Date 2,409,230.77 12,046.17 2,421,276.94 Life to Date 3,842,318.24 19,211.59 3, 861,529.83 Jan-98 0.00 0.00 0.00 Feb-98 Dec-97 153,179.64 765.90 153,945.54 Mar-98 0.00 0.00 0.00 Apr-98 Jan-98 39,750.15 198.75 39,948.90 Apr-98 Feb-98 49,887.09 249.44 50,136.53 May-98 Mar-98 64,102.85 320.51 64,423.36 Jun-98 Apr-98 7,283.97 36.42 7,320.39 Jul-98 May-98 173,312.97 866.56 174,179.53 Aug-98 Jun-98 59,362.04 296.81 59,658.85 Sep-98 Jul-98 38,793.39 193.97 38,987.36 Oct-98 Aug-98 123,711.01 618.56 124,329.57 Nov-98 Sep-98 19,025.07 95.13 19,120.20 Dec-98 0.00 0.00 0.00 Year to Date 728,408.18 3,642.05 732,050.23 Life to Date 4,570,726.42 22,853.64 4,593,580.06 Jan-99 0.00 0.00 0.00 Feb-99 Oct-98 4,729.98 23.65 4,753.63 Nov-98 2,668.64 13.34 2,681.98 Dec-98 63,600.94 318.00 63,918.94 ota USFS Refund (27,159.93) 0.00 (27,159.93) Mar-99 Jan-99 55,203.86 276.02 55,479.88 Apr-99 Feb & Mar 99 133,963.88 669.82 134,633.70 May-99 0.00 0.00 0.00 Jun-99 Apr & May 99 175,367.11 876.83 176,243.94 Jul-99 Jun-99 129,717.72 648.59 130,366.31 Aug-99 Jul-99 62,556.06 312.78 62,868.84 Sep-99 Aug-99 9,366.00 46.83 9,412.83 Oct-99 Sep-99 12,455.30 62.28 12,517.58 Nov-99 Oct-99 9,854.56 49.27 9,903.83 Dec-99 Nov-99 7,738.31 38.69 7,777.00 Year to Date 640,062.43 3,336.10 643,398.53 Life to Date 5,210,788.85 26,189.74 5,236,978.59 Inception-to-Date Charges 22,727.07 22,727.07 199,874.01 207,573.23 460,745.08 633,675.88 761,425.27 797,231.82 838,355.42 895,757.72 1,064,911.82 1,267,932.84 1,440,252.89 1,676,162.07 1,984,362.51 1,989,433.59 2,114,436.06 2,292,439.05 2,459,082.47 2,618,639.08 2,778,219.13 2,933,149.08 3,177,731.67 3,371,825.10 3,631,952.46 3,861,529.83 3,861,529.83 4,015,475.37 4,015,475.37 4,055,424.27 4,105,560.80 4,169,984.16 4,177,304.55 4,351,484.08 4,411,142.93 4,450,130.29 4,574,459.86 4,593,580.06 4,593,580.06 4,593,580.06 4,598,333.69 4,601,015.67 4,664,934.61 4,637,774.68 4,693,254.56 4,827,888.26 4,827,888.26 5,004,132.20 5,134,498.51 5,197,367.35 5,206,780.18 5,219,297.76 5,229,201.59 5,236,978.59 01-02Sinterti Invoice Month Inception-to-Date Date Incurred Costs OH Total Charges Jan-00 Dec-99 13,496.23 67.48 13,563.71 5,250,542.30 Feb-00 Jan-00 3,892.65 19.46 3,912.11 5,254,454.41 Mar-00 Feb-00 9,362.97 46.81 9,409.78 5,263,864.19 Apr-00 Mar-00 41,813.83 209.07 42,022.90 5,305,887.09 May-00 Apr-00 20,419.98 102.10 20,522.08 5,326,409.17 Jun-00 May-00 58,113.81 290.57 58,404.38 5,384,813.55 Jul-00 Jun-00 22,827.27 114.14 22,941.41 5,407,754.96 Aug-00 Jul-00 147,084.41 735.42 147,819.83 5,555,574.79 Sep-00 Aug-00 114,403.32 572.02 114,975.34 5,670,550.13 Oct-00 Sep-00 17,513.29 87.57 17,600.86 5,688,150.99 Nov-00 Oct-00 7,908.09 39.54 7,947.63 5,696,098.62 Dec-00 Nov-00 3,705.76 18.53 3,724.29 5,699,822.91 Year to Date 460,541.61 2,302.71 462,844.32 Life to Date 5, 671,330.46 28,492.45 5,699,822.91 Invoice Month Inception-to-Date Date Incurred Costs OH Total Charges Jan-01 Dec-00 20,899.33 104.50 21,003.83 5,720,826.74 Feb-01 Jan-01 4,043.31 20.22 4,063.53 5,724,890.27 Mar-01 Feb-01 3,571.96 17.86 3,589.82 5,728,480.09 Apr-01 Mar-01 59,726.05 298.63 60,024.68 5,788,504.77 May-01 Apr-01 3,075.56 15.38 3,090.94 5,791,595.71 Jun-01 May-01 136,597.44 682.99 137,280.43 5,928,876.14 Jul-01 Jun-01 114,465.30 572.33 115,037.63 6,043,913.77 Aug-01 Jul-01 103,783.27 518.92 104,302.19 6,148,215.96 Sep-01 Aug-01 125,054.23 625.27 125,679.50 6,273,895.46 Oct-01 Sep-01 58,546.92 292.73 58,839.65 6,332,735.11 Nov-01 Oct-01 139,311.39 696.56 140,007.95 6,472,743.06 Dec-01 Nov-01 54,974.35 274.87 55,249.22 6,527,992.28 Year to Date 824,049.11 4,120.26 828,169.37 Life to Date 6,495,379.57 32,612.71 6,527,992.28 —SS ee — USFS Reimbursement is not included in total Grant Fund Expenditures portion of Transaction Spreadsheet. Invoice Month Inception-to-Date Date Incurred Costs OH Total Charges Jan-02 Dec-01 8,306.28 41.53 8,347.81 6,536,340.09 Feb-02 Jan-02 89,287.79 446.44 89,734.23 6,626,074.32 Mar-02 Feb-02 60,933.28 304.67 61,237.95 6,687,312.27 Apr-02 Mar-02 93,531.13 467.66 93,998.79 6,781,311.06 May-02 Apr-02 109,430.46 547.15 109,977.61 6,891,288.67 Jun-02 May-02 85,140.34 425.70 85,566.04 6,976,854.71 Jul-02 Jun-02 55,552.63 277.76 55,830.39 7,032,685.10 Aug-02 Jul-02 77,378.70 386.89 77,765.59 7,110,450.69 Sep-02 Aug-02 0.00 0.00 0.00 7,110,450.69 Oct-02 Sep-02 0.00 0.00 0.00 7,110,450.69 Nov-02 Oct-02 0.00 0.00 0.00 7,110,450.69 Dec-02 Nov-02 0.00 0.00 0.00 7,110,450.69 Year to Date 579,560.61 2,897.80 582,458.41 Life to Date 7,074,940.18 35,510.51 7, 110,450.69 ad USFS Reimbursement is not included in total Grant Fund Expenditures portion of Transaction Spreadsheet. 01-02Sinterti June Ending Balance Forward Total Deposits Total Withdrawals Interest Earned Balance July 31, 2002 Southern Intertie Grant Fund Bank Account Activity Summary July 2002 Southern intertie bank activity $561,698.29 $150,000.00 ($41,872.79) $1,073.24 $670,898.74 8/8/2002 000 01 00 PAGE: ff DATE: 07/31/02 ACCOUNT: 41100033 First National Bank ALASKA MEMBER FDIC CHUGACH ELECTRIC ASSOC INC <T> 30 PO BOX 196300 0 ANCHORAGE AK 99519-6300 0 MAIN BRANCH TELEPHONE: 907-777-4362 PO BOX 100720 ANCHORAGE AK 99510-0720 NON FEDERALLY INSURED REPURCHASE AGREEMENT ACCOUNT 41100033 LAST STATEMENT 06/28/02 561,698.29 23 CREDITS 151,073.24 1 DEBITS 41,872.79 THIS STATEMENT 07/31/02 670,898.74 - - -- - - - - OTHER CREDITS --------- DESCRIPTION DATE AMOUNT INTEREST 07/01 81.45 INTEREST 07/02 27.2: INTEREST 07/03 34.5C TRANSFER FROM BUSINESS ACCOUNT 1106061 07/03 150,000.0¢ INTEREST 07/05 69.0C INTEREST 07/08 103.6] INTEREST 07/09 34.6] INTEREST 07/10 34.6] INTEREST 07/11 34.61 INTEREST 07/12 34.6] INTEREST 07/15 103.6¢ INTEREST 07/16 32.3¢€ INTEREST 07/17 32.3¢ INTEREST 07/18 Sac 35 INTEREST 07/19 32153; INTEREST 07/22 96.7. INTEREST 07/23 32150: INTEREST 07/24 32.20: INTEREST 07/25 32.0 INTEREST 07/26 32.0 INTEREST 07/29 96.4 INTEREST 07/30 32.3 *** CONTINUED * * # tOUATwousING LENDER 000 01 00 PAGE: : DATE: 07/31/02 ACCOUNT: 4110003: First Nee erie ALASKA Cia aoe CHUGACH ELECTRIC ASSOC INC DESCRIPTION DATE AMOUN INTEREST 07/31 323 - - - - - - - - - OTHER DEBITS - - - - - - - - - DESCRIPTION DATE AMOUN TRANSFER TO BUSINESS ACCOUNT 1106061 07/16 41,872.7 ~--- +--+ +--+ -INTEREST---------- AVERAGE LEDGER BALANCE: 673,715.95 INTEREST EARNED: 1,073.24 AVERAGE AVAILABLE BALANCE: 673,715.95 DAYS IN PERIOD: 33 INTEREST PAID THIS PERIOD: 1,073.24 ANNUAL PERCENTAGE YIELD EARNED: 1.78 INTEREST PAID 2002: 6,547.11 - - - - - - - - DAILY BALANCE - - - - - - - - DATE......---+-- BALANCE DATE... ccccccce BALANCE DATE... -eeceee BALANCE 07/01 561,779.74 07/12 712,152.52 07/24 670,673.55 07/02 561,806.97 07/15 712,256.12 07/25 670,705.56 07/03 711,841.47 07/16 670,415.69 07/26 670,737.57 07/05 711,910.47 07/17 670,448.05 07/29 670,833.97 07/08 712,014.08 07/18 670,480.42 07/30 670,866.35 07/09 712,048.69 07/19 670,512.79 07/31 670,898.74 07/10 712,083.30 07/22 670,609.53 07/11 Wile jee 9d 07/23 670,641.54 - END OF STATEMENT - count weupmG LENDER SECTION I-A SOUTHERN INTERTIE TRANSACTIONS ALLOCATIONS CHUGACH ELECTRIC ASSOCIATION, INC. Anchorage, Alaska 08/08/02 TO: Dora Gropp, Manager, Transmission & Special Projects FROM: Marina McCoy-Casey, Plant Accountant SUBJECT: Invoice for Your Review - Southern Intertie Attached is a draft invoice and and supporting documents for the billing of City of Seward's supporting documents for share of allocated costs for the Southern Intertie, Work Order E9590081. Work Order: E9590081 Amount of Current Invoice: $326.23 For Time Period: 07/01/02 to 07/31/02 Please review the entire invoice package and indicate your concurrence below, that these charges are correct for this work order and time period. If you want to delete or change the invoice in any manner, please provide appropriate documentation. Return the invoice package to me by : 08/15/02 Concur: a L fm Lo & oho Signature ’ ate Attachments Chugach Draft Invoice SEWARD 0702 Dave Calvert Date 08/08/02 City of Seward P. O. Box 167 Invoice Draft Seward, Alaska 99664 Acct. No. 14300 000 00 2101 Past Due: 7-Sep-02 Folio To invoice you for City of Seward's share of allocated costs for the Southern Intertie, Work Order E9590081, for the period July 1, 2002 to July 31, 2002. Direct Labor 1,000.86 Indirect Labor 389.90 Power Engineers Invoice #94898 72,286.92 Heller Ehrman Invoice #10222324 3,596.00 Federal Express Invoice #4-295-2184 and #4-294-84028 105.02 Sub-Total 77,378.70 General, Administrative & Construction Overhead (0.5%) $ 386.89 Total Charges $ 77,765.59 City of Seward's Share 0.4195 % Amount Due From City of Seward $ 326.23 Attachments To ensure proper credit, please retum a copy of this invoice with your payment. 18620 000 15 2101/ E9590081 (SWD) maint&svc.xls CHUGACH ELECTRIC ASSOCIATION, INC. Anchorage, Alaska 08/08/02 oO: Dora Gropp, Manager, Transmission & Special Projects FROM: Marina McCoy-Casey, Plant Accountant SUBJECT: Invoice for Your Review - Southern Intertie Attached is a draft invoice and and supporting documents for the billing of Golden Valley Electric Association's supporting documents for share of allocated costs for the Southern Intertie, Work Order E9590081. Work Order: E9590081 Amount of Current Invoice: $4,556.05 For Time Period: 07/01/02 to 07/31/02 Please review the entire invoice package and indicate your concurrence below, that these charges are correct for this work order and time period. If you want to delete or change the invoice in any manner, please provide appropriate documentation. Return the invoice package to me by: 08/15/02 Concur: Signature Date Attachments Chugach Draft Invoice GVEA 0702 Steve Haagenster Date 08/08/02 Golden Valley Electric Association P. O. Box 71249 Invoice Draft Fairbanks, Alaska 99707 Acct. No. 14300 000 00 2101 Past Due: 7-Sep-02 Folio To invoice you for GVEA's share of allocated costs for the Southem Intertie, Work Order E9590081, for the period July 1, 2002 to July 31, 2002. Direct Labor 1,000.86 Indirect Labor 389.90 Power Engineers Invoice #94898 72,286.92 Heller Ehrman Invoice #10222324 3,596.00 Federal Express Invoice #4-295-2184 and #4-294-84028 105.02 Sub-Total 77,378.70 General, Administrative & Construction Overhead (0.5%) $ 386.89 Total Charges $ 77,765.59 GVEA's Share 5.8587 % Amount Due From GVEA $ 4,556.05 Attachments To ensure proper credit, please return a copy of this invoice with your payment. 18620 000 15 2101/ E9590081 (GVEA) maint&svc.xls CHUGACH ELECTRIC ASSOCIATION, INC. Anchorage, Alaska 08/08/02 TO: Dora Gropp, Manager, Transmission & Special Projects FROM: Marina McCoy-Casey, Plant Accountant SUBJECT: Invoice for Your Review - Southern Intertie Attached is a draft invoice and and supporting documents for the billing of Homer Electric's supporting documents for share of allocated costs for the Southern Intertie, Work Order E9590081. Work Order: E9590081 Amount of Current Invoice: $2,628.09 For Time Period: 07/01/02 to 07/31/02 Please review the entire invoice package and indicate your concurrence below, that these charges are correct for this work order and time period. If you want to delete or change the invoice in any manner, please provide appropriate documentation. Return the invoice package to me by: 08/15/02 eth Ms ‘ Signature ' Concur: Attachments Chugach Draft Invoice HEA 0702 Don Stead Date Homer Electric Association 3977 Lake Street Invoice Homer, Alaska 99603 Acct. No. Past Due: 7-Sep-02 Folio To invoice you for HEA's share of allocated costs for the Southern Intertie, Work Order E9590081, for the period July 1, 2002 to July 31, 2002. Direct Labor Indirect Labor Power Engineers Invoice #94898 Heller Ehrman Invoice #10222324 Federal Express Invoice #4-295-2184 and #4-294-84028 Sub-Total General, Administrative & Construction Overhead (0.5%) Total Charges HEA's Share Amount Due From HEA Attachments To ensure proper credit, please return a copy of this invoice with your payment. 18620 000 15 2101/ E9590081 (HEA) maint&svc.xls 08/08/02 Draft 14300 000 00 2101 1,000.86 389.90 72,286.92 3,596.00 105.02 77,378.70 3386.89 $77,765.59 3.3795 % $ 2,628.09 CHUGACH ELECTRIC ASSOCIATION, INC. Anchorage, Alaska 08/08/02 LO: Dora Gropp, Manager, Transmission & Special Projects FROM: Marina McCoy-Casey, Plant Accountant SUBJECT: Invoice for Your Review - Southern Intertie Attached is a draft invoice and and supporting documents for the billing of Anchorage Municipal Light and Power's supporting documents for share of allocated costs for the Southern Intertie, Work Order E9590081. Work Order: E9590081 Amount of Current Invoice: $5,081.83 For Time Period: 07/01/02 to 07/31/02 Please review the entire invoice package and indicate your concurrence below, that these charges are correct for this work order and time period. If you want to delete or change the invoice in any manner, please provide appropriate documentation. Return the invoice package to me by : 08/15/02 Concur: Attachments Chugach Draft Invoice AML&P 0702 Dan Helmick Date 08/08/02 Anchorage Municipal Light & Power 1200 East First Avenue Invoice Draft Anchorage, Alaska 99501-1685 Acct. No. 14300 000 00 2101 Past Due: 7-Sep-02 Folio To invoice you for AML&P's share of allocated costs for the Southern Intertie, Work Order E9590081, for the period July 1, 2002 to July 31, 2002. Direct Labor 1,000.86 Indirect Labor 389.90 Power Engineers Invoice #94898 72,286.92 Heller Ehrman Invoice #10222324 3,596.00 Federal Express Invoice #4-295-2184 and #4-294-84028 105.02 Sub-Total 77,378.70 General, Administrative & Construction Overhead (0.5%) $ 386.89 Total Charges $ 77,765.59 —— AML&P's Share 6.5348 % Amount Due From AML&P $ 5,081.83 Attachments To ensure proper credit, please return a copy of this invoice with your payment. 18620 000 15 2101/ E9590081 (AML&P) maint&svc.xls III. SCHEDULE 1. Project Schedule CHUGACH ELECTRIC ASSOCIATION ANCHORAGE - KENAI INTERTIE Fri 8/16/02 PHASE IC 1995 1996 1997 1998 1999 2000 2001 2003 ID _| Task Name % Comp. [a2 [a3 [a4 [at [a2] a3 [as [at] a2 [a3 [a4 [ar [a2] a3 [as [at] a2 [03] a4 | Gt | a2 [03] a4 [ai [a2 [a3] asiar 3 [a4 [a1 [a2 [a3 Tas [ar 1 | ENVIRONMENTAL & ENGINEERING — — A ee ee LT ST SS TTS ET) 2 PROJECT MANAGEMENT | , 12134 3 | ROUTE SELECTION STUDIES ‘|S | 8/30 | 4 EVAL & PREL.ENGINEERING 100% | 5 | EISPREPARATION fo 6 Deis se a 9128 7 " FRNOTICE 10/5 8 COMMENTPERIOD | ~—~=—:100% og 1216 | IC HEARING, WASHIN(| 100% 10130 | 10730 10| PUBLIC HEARING, ANCHOR: 100% 1413 hyns 11 | PUBLICHEARING, KENAT | 100%| sine (ana | 12 FEIS” eee 100% an dna 13 | ~REVIEWPERIODFEIS_—| 0% 743 BE an2 14 |AGENCIES = 94% 1s; USFWS 96% sae 1118 16| RUS cee eer 0% on mn wl uss 100% | ae 511 18 | COE eee 91% cS ag] 11 19 Roos ta iia] 20% 75 14/12 Task Project: ANCHORAGE - KENAI INTEF Date: Fri 8/16/02 Progress Milestone Summary Rolled Up Task Extemal Tasks Rolled Up Milestone <> Project Summary Rolled Up Progress Split Gis ean) Rolled Up Split PH_IC Page 1 IV. ITEMS FOR APPROVAL None. V. ITEMS FOR DISCUSSION None. Vi ITEMS FOR INFORMATION 1. POWER Engineers’ Monthly Report dated July 18, 2002 2. Single Audit - State Financial Assistance Reports Year ended December 31, 2001 RDM REcoFveD ENGINEERS August 15, 2002 AUG 16 2002 TRANSMISSION & Ms. Dora Gropp SPECIAL PROJECT Chugach Electric Association 5601 Minnesota Drive, Building A Anchorage, AK 99518 Subject: POWER Project #120376-13 EIS & Preliminary Engineering Chugach Contract No. 10629, Monthly Status Report No. 7 For Period ending August 10, 2002 Dear Dora: This report summarizes the Task 13 activities completed during the reporting period. Reporting Period Overview: e Project coordination activities included progress reporting and telephone conferences. e Developed and imported website to RUS. e Continued tracking documents through U.S. Postal Service for delivery verification. e Verified receipt of documents for key agency and special interest groups. e Sent additional documents as requested. e Archived project files and related data. Work Planned for Next Reporting Period: e Task 14—ROD Process; work will be started. e Compile and distribute comments on FEIS received from RUS. e Prepare responses to comments for ROD. Current Schedule*: Finish Date e FEIS waiting/review period ends August 12 e¢ Compile comments from RUS and distribute to team August 16 e Complete and review FEIS comment responses October 4 e RUS and USFWS prepare RODs and USACE prepares November | final Section 404(b) (1) Evaluation e RUS publishes Federal Register Notice of ROD November 8 Availability *Given the level of comments received on the FEIS, EPG will be reviewing the schedule with RUS in order shorten the time to the final federal register notice by about one month. A revised schedule will be issued by RUS based on this review. HLY 23-458 POWER Engineers, Incorporated Te —————————————EE 3940 Glenbrook Dr. * P.O. Box 1066 Phone (208) 788-3456 Hailey. Idaho 83333 Fax (208) 788-2082 Chugach Electric Association August 15, 2002 Page 2 Budget: Task 13 Budget $486,580 Task 13 Billed Through Previous Invoice $421,135 Task 13 Billed This Invoice $2935217 Task 13 Billed Subtotal to Date $454,352 Task 13 Remaining Project Budget $ 32,228 Total Budget $5,801,767 Total Billed Through Previous Invoice $5,490,630 Total Billed This Invoice iss 93-2107. Total Remaining Project Budget $ 277,920 The above cost summary includes charges for EPG through August 3, 2002 and PEI through August 10, 2002. The total budget numbers in the above table contain Task 14 approved funds. Attached is a budget and percent complete spreadsheet for Task 13. There are no charges to Task 14 —- ROD Process, this month. Dora, should you have any questions about this report or any of the backup, please do not hesitate to contact Mike Walbert or me. Sincerely, POWER Engineers, Inc. CL (eeth— Randy Pollock, P.E. Project Manager RP/mw Enclosures co; Mike Walbert (POWER HLY) Dusty Liman (POWER HLY) RM/REF 120376-13-55-00-01 HLY 23-458 ) TOWER SOUTHERN INTERTIE PROJECT — 120376 Tasks PROJECT FINANCIAL SUMMARY — AUGUST, 2002 INVOICE Tasks 1-10 | Task 11 | Task 12 | Task 13_ | Task 14 Total Base Not to Exceed | $3,043,423 | N/A N/A N/A N/A $3,043,423 Budget - | _| CWG Contract $103,046 N/A N/A N/A N/A $103,046 Amendment No. 4 DFI Contract $45,000 NA N/A N/A N/A $45,000 Amendment No. 5 DFI Contract $11,400 N/A N/A N/A N/A $11,400 Amendment No. 6 | DFI Contract $3,502 N/A N/A N/A N/A $3,502 Amendment No. 7 | DFI Contract $89,487 N/A N/A N/A N/A $89,487 Amendment No. 8 Task 5 & 6 $0 |N/A N/A N/A N/A $0 Reallocation * Contract $31,926 N/A N/A N/A N/A $31,926 Amendment No. 9 Contract $118,193 N/A N/A N/A N/A $118,193 Amendment No. 11 Contract 820, $465,215 N/A N/A N/A N/A $465,215 Amendment No. 1 _| Contract 820 $389,547 N/A N/A N/A N/A $389,547 Amendment No. 2 [ Contract No. 7614 N/A $731,264 | N/A N/A N/A $731,264 Contract No. 7614 N/A N/A $129,673 | N/A N/A $129,673 Amendment No. 1 Contract No. 10629 | N/A N/A N/A $486,580 | N/A $486,580 Contract No. 10629 | N/A N/A N/A N/A $153,509 $153,509 Amendment No. | Total Not to $4,300,741 | $731,264 | $129,673 | $486,580 | $153,509 $5,801,767 Exceed Budget Actual Budget $4,249,250 | $715,413 | $104,832 | $421,135 | $0 $5,490,630 Expended Through Previous Invoice Current Invoice $0 $0 $0* $33,217 | $0 $33,217 Amount Actual Budget $4,249,250 | $715,413 | $104,832 | $454,352 | $0 $5,523,847 Expended Through Current Invoice Remaining Budget $51,491 $15,851 | $24,841 | $32,228 | $153,509 $277,920 HLY 23-458 Task 5 budget amount reflects the addition of Contract No. 820, Amendment No. | funds. Task 10 budget amount reflects the addition of Contract No. 820, Amendment No. 2 funds. Task 11 budget amount reflects the addition of Contract No. 7614 funds. Task 12 budget amount reflects the addition of Contract No. 7614, Amendment No. | funds. Task 13 budget amount reflects the addition of Contract 10629 funds. Task 14 budget amount reflects the addition of Contract 10629 , Amendment No. | funds. 8/15/2002 SOUTHERN INTERTIE PROJECT THROUGH PERIOD ENDING: Beg R OLS PROJECT SUMMARY REPORT wate 1ST QUARTER 2002 2ND QUARTER 2002 3RD QUARTER 2002 TASK' MONTH| JAN FEB MAR APR MAY JUN JUL AUG SEP 13-0 |PM & Monthly Reporting | | | | Actual % Work Completed 0%) _ 1%| 12% 20% 50% 65%] 80% 9576] Melani Planned % Complete $ (to date) 0%! 1%| 12% 28%) 45%, 61% 77% | 93% 100% Actual % Expended $ (to date) 0% 1%) 12% 19% | 28%, 37% 51%, 57% Planned $ (this period) $0} $100| $1,550] $2,200 |__ $2,200 | $2,200 | $2,200, $2,200! $910 Actual $ Expended (this period) $0 | $100 | $1,550 $948 $1,145 = $1,272 | $1,840 $847 Planned $ (to date) $0) $100 $1,650| $3,850) $6,050) $8,250] $10,450 $12,650 $13,560 Actual $ Expended (to date) $0 $100 $1,650] $2,598 $3,743 $5,015 | $6,855 $7,702 Contract No. 10629 $13,560 | $13,560 $13,560 | $13,560 | $13,560 | $13,560 | $13,560 | $13,560 $13,560. Actual Remaining Task Budget | $13,560 | $13,460 $11,910} $10,962 $9,817 $8,545] $6,705 $5,858 | 13-1 |Develop Comment Responses | | | | | | Actual % Work Completed 0% 20% 46% 80%| 95%] 99%| 99%] 100%| Planned % Complete $ (to date) 0%, 20% 46% 85%! 90%| 95% 100% 100% 100% Actual % Expended $ (to date) 0%. 20% | 46% 78% | 92% | 93% 93% | 93%| Planned $ (this period) $0 $39,748 | $51,566 | $77,500 | $9,000 $10,000 | $10,210 | $0) so Actual $ Expended (this period) $0 | $39,748 | $51,566 | $63,059 $27,606 $2,072 L $0 | $0 | Planned $ (to date) $0 | $39,748 | $91,314 [$168,814 | $177,814 $187,814 | $198,024 | $198,024 | $198,024 Actual $ Expended (to date) Contract No. 10629 $0 $39,748 | $91,314 [$198,024 | $198,024 | $198,024 + $154,373 | $181,979 | $184,051 $198,024 $198,024 $198,024 $184,051 $184,051 $198,024 $198,024 | $198,024 |_ Actual Remaining Task Budget_|$198,024 $158,276 $106,710 | $43,651 | $16,045 $13,973 | $13,973 | $13,973 | January 2002, Contract No. 10629 HLY 23-458a 13 8/15/2002 SOUTHERN INTERTIE PROJECT THROUGH PERIOD ENDING: January 2002, Contract No. 10629 HLY 23-458a 13 FagelZiolis PROJECT SUMMARY REPORT 08-10-02 1ST QUARTER 2002 2ND QUARTER 2002 3RD QUARTER 2002 TASK! MONTH| JAN FEB MAR APR MAY JUN JUL AUG SEP 13-2 |Mitigation Plan | i | | | | Actual % Work Completed 0%, 11%| 27% 75% 85% 99%} 99% 100%: Planned % Complete $ (to date) 0%, 11%| 27%| 75% 85% 95% 100% 100%, 100% Actual % Expended $ (to date) 0%! 11% 27% 74% | 86% | 95% 95% | 95% | Planned $ (this period) $0 $8,507 $12,149 | $37,500 $8,000 $7,500| $3,949 _ $0 | $0 Actual $ Expended (this period) $0 $8,507 $12,149 | $36,818 $9,478 | $6,960 $0 | $0 | Planned $ (to date) $0 | $8,507 $20,656 | $58,156 | $66,156 | $73,656 | $77,605 | $77,605 | $77,605 Actual $ Expended (to date) $0 | $8,507 | $20,656 | $57,474 | $66,952 $73,912 | $73,912 $73,912 _ Contract No. 10629 $77,605 | $77,605 $77,605 | $77,605 | $77,605 $77,605 | $77,605 | $77,605 $77,605 Actual Remaining Task Budget _| $77,605 | $69,098 $56,949 | $20,131 | $10,653, $3,693| $3,693 $3,693 | 13-3 |Draft FEIS Documents | | | d| | Actual % Work Completed 0%| 2% 3% 7%) 60% | 96%| 99% 100% : Planned % Complete $ (to date) 0%, 2% 8% 8%| _ 50%) 80% 100%! 100% = 100% Actual % Expended $ (to date) | 0% | 2% 3% 7% | 54% | 90% 94% | 94% | ___ Planned $ (this period) $0 $1,572 $1,090] $5,000 | $40,000) $29,000 | $18,673 $0 | $0 Actual $ Expended (this period) $0 $1,572 $1,090 | $4,222 | $44,929 | $34,056 | $3,751 $0 | Planned $ (to date) $0 | $1,572 | $2,662| $7,662 | $47,662 $76,662 | $95,335 | $95,335 $95,335 Actual $ Expended (to date) $0 $1,572 | $2,662 | $6,884 $51,813 $85,869 | $89,620 $89,620 | Contract No. 10629 _ $95,335 | $95,335 $95,335 | $95,335 | $95,335 | $95,335 | $95,335 | $95,335 $95,335 Actual Remaining Task Budget | $95,335 $93,763 | $92,673 | $88,451 | $43,522 $9,466 | $5,715 $5,715 8/15/2002 SOUTHERN INTERTIE PROJECT THROUGH PERIOD ENDING: Page 3 cls PROJECT SUMMARY REPORT 08-10-02 1ST QUARTER 2002 2ND QUARTER 2002 I 3RD QUARTER 2002 TASK MONTH| JAN FEB MAR APR MAY JUN JUL AUG SEP 13-4 |Complete & Print FEIS | | | | | Actual % Work Completed _ 0%| 0%) 0%) 0%| 0% 0% 65%| 96%| Planned % Complete $ (to date) 0%) 0%. 0% 0%| 0% «0% 75%| 90%, 100% Actual % Expended $ (to date) 0% 0%. 0% 0% | 0%, 0% 65%, 97% Planned $ (this period) $0 | $0. $0 $0; «$0 $0 | $76,500 | $15,500 $10,056 Actual $ Expended (this period) $0 | $0 | $0 | $0 | $0 | $0 | see 98 | $32,370 Planned $ (to date) $0 | $0 | $0 $0 | $0! $0 | $76,500 | $92,000 | $102,056 Actual $ Expended (to date) $0 | $0 $0 $0 | $0 | $0 | $66,696 $99,066 | Contract No. 10629. © Actual Remaining Task Budget TASK 13 TOTAL ]$102,056 $102,056 | $102,056 $102,056 $102,056 $102,056 $102,056. |$102, 056 | $102,056 $102,056 | $102,056 $102, 056 $102,056 |$102,056 | $102,056 $35,360 | $2,990 | ~ Actual % Work Completed _ 0%| 10% 24%| ——-45%| 65%| 75% 92% 99% | Planned % Complete $ (to date) 0%| 10%, 24% 49% 61% 71% ~=S94%. 98% 100% Actual % Expended $ (to date) 0% 10% 24%| 45% 63%, 72% 87% _ 93% _ _ Planned $ (this period) $0 | $49,927 | $66,355 |$122,200 | $59,200 | $48,700 |$111,532 $17,700 | $10,966 Actual $ Expended (this period) $0 | $49,927 | $66,355 |$105,047 | $83,158 $44,360 | $72,287 $33,217 ; Planned $ (to date) _ Actual $ Expended (to date) 0 | $49,927 | $116,282 $238,482 | $297,682 | | $346, 382 $0 | $49,927 | $116,282 | $221,329 | | $304,487 | ($348, 847 $457,914 | $475,¢ 614 | $486, 580 $421,134 | $454,351 | Contract No. 10629 Actual Remaining Task Budget $486,580 | $436,653 | $370,298 $486,580 | $486,580 | $486,580 $486,580 | $486,580 | $486,580 $265,251 | $182,093 $137,733 $486,580 |$486,580 | $486,580 $65,446 | $32,229 | Notes: January 2002, Contract No. 10629 HLY 23-458a 13 IINWOIGE eS 3940 Glenbrook Drive 4 f P.O. Box 1066 = Hailey, Idaho 83333 —IENGINEERS PT til JOB: 120376-13 SOUTHERN INTERTIE FEIS INVOICE NUMBER: 95585 CONTRACT#: 7614 P.0.#: INVOICE DATE 15-aug-2002 BILL THROUGH DATE : 10-aug-2002 PAGE NUMBER: 1 CHUGACH ELECTRIC ASSOCIATION 5601 MINNESOTA DR. PO BOX 196300 ANCHORAGE. AK 99519-6300 ATTN:MS. DORA GROPP PROFESSIONAL SERVICES Hours Rate Amount Clark, Kandace T 1.00 53.00 53.00 Kaufman, Laurie 1.00 65.00 65.00 Walbert. Michael E 6.00 117.00 702.00 TOTAL LABOR 8.00 820.00 820.00 REIMBURSABLE EXPENSES Amount POSTAGE & SHIPPING 26.81 SUBCONTRACTOR LABOR 8728.20 SUBCONTRACTOR EXPENSE 23641.79 TOTAL EXPENSES 32396. 80 32396.80 CURRENT CHARGES 33216. 80 OUTSTANDING INVOICES Date Amount Payments Open 94898 17-jul-2002 72286.92 0.00 72286.92 APPROVED FOR PAYMENT Y: NYA OJECT ENGINEER DATE Pea > y: LA 2D \ ECEIVE DIRECTOR, ENGINEERING SERVICES DIVISION DAT. 4 Ween ee eee ; EXECUTIVE MGR., POWER DELIVERY DATE AUG 16 2002 Y Be IS serena a SPECIAL PROJECT 10.# EFS UG) CON# 0027 aT sc7. # BOZO ony OL DFC DATE thio or any accounting questions please contact Kandace T Clark at (208) 788-0657. For any other questions please contact Randy Pollock. TERMS: NET 30 DAYS FROM RECEIPT OF INVOICE. PAST DUE AMOUNT SUBJECT TO FINANCE CHARGE OF 112% PER MONTH. CHUGACH ELECTRIC ASSOCIATION, INC. State Financial Assistance Reports Year ended December 31, 2001 CHUGACH ELECTRIC ASSOCIATION, INC. Table of Contents Independent Auditors’ Report on Compliance with Requirements Applicable to Each Major Program and on Internal Control Over Compliance in Accordance with the State of Alaska Audit Guide and Compliance Supplement for State Single Audits Schedule of State Financial Assistance Notes to Schedule of State Financial Assistance Independent Auditors’ Report on Compliance and on Internal Control Over Financial Reporting Based on an Audit of Financial Statements Performed in Accordance with Government Auditing Standards Page(s) mana 701 West Eighth Avenue Suite 600 Anchorage, AK 99501 Independent Auditors’ Report on Compliance With Requirements Applicable to Each Major Program and on Internal Control Over Compliance in Accordance With the State of Alaska Audit Guide and Compliance Supplement for State Single Audits The Board of Directors Chugach Electric Association, Inc.: Compliance We have audited the compliance of Chugach Electric Association, Inc. (Association) with the types of compliance requirements described in the State of Alaska Audit Guide and Compliance Supplement for State Single Audits that are applicable to its major state program for the year ended December 31, 2001. The Association’s major state program is identified in the accompanying schedule of state financial assistance. Compliance with laws, regulations, contracts and grants, general requirements, and the specific requirements applicable to its major state program is the responsibility of the Association’s management. Our responsibility is to express an opinion on the Association’s compliance based on our audit. We conducted our audit of compliance in accordance with auditing standards generally accepted in the United States of America; the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States; and the State of Alaska Audit Guide and Compliance Supplement for State Single Audits. Those standards and the State of Alaska Audit Guide and Compliance Supplement for State Single Audits require that we plan and perform the audit to obtain reasonable assurance about whether noncompliance with the types of compliance requirements referred to above that could have a direct and material effect on a major state program occurred. An audit includes examining, on a test basis, evidence about the Association’s compliance with those requirements and performing such other procedures as we consider necessary in the circumstances. We believe that our audit provides a reasonable basis for our opinion. Our audit does not provide a legal determination of the Association’s compliance with those requirements. In our opinion, the Association complied, in all material respects. with the requirements referred to above that are applicable to its major state program for the year ended December 31, 2001. Internal Control Over Compliance The management of the Association is responsible for establishing and maintaining effective internal control over compliance with the requirements of laws, regulations, contracts, and grants applicable to state programs. In planning and performing our audit, we considered the Association’s internal control over compliance with requirements that could have a direct and material effect on a major state program in aaa KPMG LLP KPMG LLP a US. limited lability partnership, is a member of KPMG International, a Swiss association. mA The Board of Directors Chguach Electric Association, Inc. order to determine our auditing procedures for the purpose of expressing our opinion on compliance and to test and report on internal control over compliance in accordance with the State of Alaska Audit Guide and Compliance Supplement for State Single Audits. Our consideration of internal control over compliance would not necessarily disclose all matters in internal control that might be material weaknesses. A material weakness is a condition in which the design or operation of one or more internal control components does not reduce to a relatively low level the risk that noncompliance with applicable requirements of laws, regulations, contracts, and grants that would be material in relation to a major state program being audited may occur and not be detected within a timely period by employees in the normal course of performing their assigned functions. We noted no matters involving internal control over compliance and its operation that we consider to be material weaknesses. Schedule of State Financial Assistance We have audited the financial statements of the Association as of and for the year ended December 31, 2001, and have issued our report thereon dated March 1, 2002. Our audit was performed for the purpose of forming an opinion on the financial statements taken as a whole. The accompanying Schedule of State Financial Assistance is presented for purposes of additional analysis as required by the State of Alaska Audit Guide and Compliance Supplement for State Single Audits and is not a required part of the financial statements. Such information has been subjected to the auditing procedures applied in the audit of the financial statements and in our opinion, is fairly stated, in all material respects, in relation to the financial statements taken as a whole. This report is intended solely for the information and use of the Board of Directors, management and state awarding agencies and pass-through entities and is not intended to be and should not be used by anyone other than these specified parties. KPMG LEP May 3, 2002 nN CHUGACH ELECTRIC ASSOCIATION, INC. Schedule of State Financial Assistance Year Ended December 31. 2001 Total expenditures Department of Administration: Direct: Southern Intertie Route Selection $ 714,972 Total State Expenditures $ 714.972 q) (2) CHUGACH ELECTRIC ASSOCIATION, INC. Notes to Schedule of State Financial Assistance Year Ended December 31, 2001 General The accompanying Schedule of State Financial Assistance presents the activity of all state financial assistance programs of Chugach Electric Association, Inc. (Association). The Association’s reporting entity is defined in note | to the Association’s financial statements. State financial assistance received directly from state agencies is included on the schedule. Basis of Accounting The accompanying Schedule of State Financial Assistance is presented using the accrual basis of accounting, which is described in note 1 to The Association’s financial statements. Baa 701 West Eighth Avenue Suite 600 Anchorage, AK 99501 Independent Auditors’ Report on Compliance and on Internal Control over Financial Reporting Based on an Audit of General Purpose Financial Statements Performed in Accordance with Government Auditing Standards The Board of Directors Chugach Electric Association, Inc.: We have audited the financial statements of the Chugach Electric Association. Inc. (Association) as of and for the year ended December 31, 2001, and have issued our report thereon dated March 1, 2002. We conducted our audit in accordance with generally accepted auditing standards and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. Compliance As part of obtaining reasonable assurance about whether the Association’s financial statements are free of material misstatement, we performed tests of its compliance with certain provisions of laws, regulations, contracts and grants, noncompliance with which could have a direct and material effect on the determination of financial statement amounts. However, providing an opinion on compliance with those provisions was not an objective of our audit and, accordingly, we do not express such an opinion. The results of our tests disclosed no instances of noncompliance that are required to be reported under Government Auditing Standards. Internal Control Over Financial Reporting In planning and performing our audit, we considered the Association’s internal control over financial reporting in order to determine our auditing procedures for the purpose of expressing our opinion on the financial statements and not to provide assurance on the internal control over financial reporting. Our consideration of the internal control over financial reporting would not necessarily disclose all matters in the internal control that might be material weaknesses. A material weakness is a condition in which the design or operation of one or more of the internal control components does not reduce to a relatively low level the risk that misstatements in amounts that would be material in relation to the financial statements being audited may occur and not be detected within a timely period by employees in the normal course of performing their assigned functions. We noted no matters involving the internal control over financial reporting and its operation that we consider to be material weaknesses. PU The Board of Directors Chugach Electric Association, Inc. This report is intended solely for the information and use of the Board of Directors, management, and the state awarding agencies and pass through entities and is not intended to be and should not be used by anyone other than these specified parties. KPMG LEP May 3, 2002