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HomeMy WebLinkAboutS Intertie report 5 1999 ASSOCIATION, INC. Qeons Qe ‘ | dD) EI ae al} eae May 27, 1999 NN anny aa Alaska Industrial Development Alaska industrial Devetooment 3 AVOTTIG eVvelopi en and Export Authority and Export Authority 480 West Tudor Road Anchorage, Alaska 99503-6690 Attention: Mr. Randy Simmons, Executive Director Subject: Southern Intertie Monthly Report for May 1999 W.0.#E9590081 Dear Mr. Simmons: Please find enclosed 1 (one) copy of the Southern Intertie Report for the Month of May 1999. If there are any questions, please contact Dora Gropp, (907) 762-4626. Sincerely, a wack by General Manager Af ENG zah Enclosures: 1 (one) copy of Southern Intertie Monthly Report CG Lee Thibert Michael Massin Dora Gropp Jim Borden Mike Cunningham Don Edwards W.O.#E9590081, Sec., 2.1.3 RF 5601 Minnesota Drive * P.O. Box 196300 « Anchorage, Alaska 99519-6300 Phone 907-563-7494 FAX 907-562-0027 CHUGACH ELECTRIC ASSOCIATION, INC. Anchorage, Alaska SOUTHERN INTERTIE Phase IB — Environmental Analysis MONTHLY REPORT for MAY 1999 5601 Minnesota Drive P.O. Box 196300 Anchorage, Alaska 99519-6300 esac eee ee TABLE OF CONTENTS PAGE I SUMMARY orscccccssssssssssnsescssssnsnsnunsssssssceseessssssnunusssssssssseeeesssssnnnssssscescessessnneessessesnseess I-1 TT. FINANCIAL wecccssssssssssnnssssssssssssnnnusssssssssceesesssnsnsnnsnsssssssecseesssssnnnnnsssesesssssssnseceseessanees 1-1 i Bank Statement of April 1999. a: AIDEA’s Financial Statement of May 12, 1999. 3: KPMG Independent Auditors’ Report on Schedule of State Financial Assistance dated February 26, 1999. UU eta EN WLW eeacctatconcecseccscrcsacacsvecsotserenstaceuroscsseszssscsstscscscessasevsesetestoressetocsehtconsnserera II-1 IRV SSMS ROR APPROVAL iscocecesssgascocecovecsasococosescsscucoravsccscvosesoccsecesssrsesepciseaascasaveses IV-1 None. V. ITEMS FOR DISCUSSION..........cccscscscscssssssssscssssesssesesesesesscsssssssssesesesessososesessorese V-1 None. VI. ITEMS FOR INFORMATION .......ccsssscsscsssssssssssssssssscsseesesssnsscsssesesssesssssssssssesesese VI-1 1. Power Engineers’ Monthly Report Phase IB - Environmental Analysis, May 18, 1999. SUMMARY Power Engineers/Dames and Moore are finalizing the Environmental Analysis chapters dealing with the affected environment and the impact magnitude. We estimate submittal of the EVAL to the federal agencies in early July 1999. A draft EIS should then be available in mid 1999 with a Record of Decision following about a year later. A new schedule for the EIS development will be established after the EVAL has been submitted to the federal agencies and the USFWS has accepted the application for a project permit through the Kenai National Wildlife Range. AIDEA reports the market value of the grant funds at $58,540,140 as of March 31,1999 (see Section II, letter from AIDA dated May 12, 1999.) Expenditures for Phase IB of the project stand as follows: DESCRIPTION POWER __|USFS/USFWS/ |CHUGACH| TOTAL ENGINEERS RUS ORIG. BUDGET $3,043,423 $100,000 $400,000 $3,543,423 ALLOCATED $0 $0 $0 $0 CONTINGENCY TOTAL $3,043,423 $100,000 $400,000 $3,543,423 AMENDMENTS $867,769 $25,593 -$200,000 $693,362 TOTAL COMMITMENT $3,911,192 $125,593 $200,000 $4,236,785 SPENT TO DATE $3,693,229 $125,593 $183,691 $4,002,513 % OF TOTAL 94% 100% 92% 94% Total Project expenditures, as of 05/19/99 are $5,038,054 which includes a payment to RUS for the EIS preparation in the amount of $97,670. Se aks eg oN Wwe? 167 ? { ¢ 7 f Il. FINANCIAL Is Bank Statement of April 1999. 2: AIDEA’s Financial Statement of May 12, 1999. 3: KPMG Independent Auditors’ Report on Schedule of State Financial Assistance dated February 26, 1999. W.0. EPS~¥OOS/ , SEC. .S2D Southern Intertie Grant Fund Bank Account Activity Summary April, 1999 March Ending Balance Forward Total Deposits Aepost we | 35/9! hee explanation Total Withdrawals Interest Earned Balance April 30, 1999 RECEIve MAY 05 1999 TRANSMI SPECIAL PROS: $286,668.92 $238,194.64 ($193,113.58) $1,617.66 $333,367.64 Va 000 O01 00 PAGE: 1 DATE: 04/30/99 ACCOUNT: 41100033 First National Bank Oe ete Soma WaDesDoDassDabsonslMDsPoosEDosesVD aE Doss EsssVDosssssdsadel CHUGACH ELECTRIC ASSOCIATION I 30 PO BOX 196300 0 ANCHORAGE AK 99519-6300 0 MAIN BRANCH PO BOX 100720 ANCHORAGE AK HUNGRY FOR HOME options includes loans to help you repair, what you need for projects on your plate. =——* BALANCE LAST STATEMENT INTEREST TRANSFER INTEREST INTEREST INTEREST INTEREST INTEREST INTEREST INTEREST INTEREST INTEREST INTEREST INTEREST INTEREST TRANSFER INTEREST INTEREST INTEREST Put us to work for your business, 99510-0720 IMPROVEMENT? 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DESCRIPTION DEBITS CREDITS DATE BALANCE wiellokele=silelie Sie efellelie lene clei ie sieWelfe ie oisiies sicieie «09/31 7.99 286,668.92 35.75 04/01/99 286,704.67 FROM BUSINESS ACCOUNT 1106061 235,191.00 04/02/99 521,895.67 65.09 04/02/99 521,960.76 193.58 04/05/99 522,154.34 63.42 04/06/99 522,217.76 63.42 04/07/99 522,281.18 63.43 04/08/99 522,344.61 63.44 04/09/99 522,408.05 189.23 04/12/99 522,597.28 62.35 04/13/99 522,659.63 62.36 04/14/99 522,721.99 62.37 04/15/99 522,784.36 62.38 04/16/99 522,846.74 187.74 04/19/99 523,034.48 TO BUSINESS ACCOUNT 1106061 193,113.58 04/20/99 329,920.90 39.74 04/20/99 329,960.64 39.74 04/21/99 330,000.38 39.74 04/22/99 330,040.12 x x* * CONTINUED «* * cout wOvEMG LENDER 000 01 00 PAGE: 2 DATE: 04/30/99 ACCOUNT: 41100033 First National Bank of Anchorage Boma ce CHUGACH ELECTRIC ASSOCIATION I DESCRIPTION DEBITS CREDITS DATE BALANCE INTEREST 39.75 04/23/99 330,079.87 INTEREST 120.27 04/26/99 330,200.14 INTEREST 40.77 04/27/99 330,240.91 INTEREST 40.78 04/28/99 330,281.69 TRANSFER FROM BUSINESS ACCOUNT 1106061 3,003.64 04/29/99 333,285.33 INTEREST 41.15 04/29/99 333,326.48 INTEREST 41.16 04/30/99 333,367.64 BALANCE THIS STATEMENT. é isciccas cess ccerstewescoascsssasss 04/30/99 333,367.64 TOTAL CREDITS (24) 239,812.30 TOTAL DEBITS (1) 193,113.58 INTEREST THIS STATEMENT 1,617.66 INTEREST PAID 1999 5,115.69 - END OF STATEMENT - LENDER QA ALASKA INDUSTRIAL DEVELOPMENT > AND EXPORT AUTHORITY = ALASKA @@—™ ENERGY AUTHORITY 480 WEST TUDOR ANCHORAGE, ALASKA 99503 907 / 269-3000 FAX 907 / 269-3044 0. EB BOF , Sec. (1.0 May 12, 1999 og Mr. David Calvert Chairman, IPG Seward Electric System P.O. Box 167 Seward, Alaska 99664 Subject: — Intertie Grant Funds Status Report Dear Mr. Calvert: Enclosed are status reports on the Anchorage-Kenai and Healy-Fairbanks Intertie Grant Funds, as of March 31, 1999. If you have any questions please do not hesitate to contact me. Sincerely, Valorie F. Walker Deputy Director - Finance VFW:bif hiall\bjf\finance\vfw\calvert Enclosures cc: D. Randy Simmons, Executive Director Michael P. Kelly, GVEA Eugene Bjornstad, CEA Hank Nikkels, ML&P INVESTMENTS - HEALY-FAIRBANKS INTERTIE 3/31/99 PARVALUE ISSUER TYPE COUPON YIELD PURCHASE MATURITY COST DATE DATE 253,710 SEI REPO 31-Mar-99 — 1-Apr-99 253,710.15 1,000,000 FICO STRIPS 5.850% 7-Oct-97 6-Apr-99 917,290.00 4,000,000 RFCS STRIPS 6.080% 31-Jan-97 15-Apr-99 3,505,480.00 1,700,000 FMC NOTE 4.813% 9-Feb-99 15-Apr-99 1,685,512.23 5,500,000 SLMA NOTE 5.209% 19-Nov-98 20-May-99 5,500,000.00 5,000,000 FNMA NOTE 6.600% 5.747% 3-Dec-96 24-Jun-99 5,099,900.00 3,800,000 FNMA NOTE 6.000% 6.086% 11-Sep-97 2-Sep-99 3,793,958.00 5,000,000 FNNT NOTE 5.790% 5.660% 20-Mar-98 12-Oct-99 5,009,350.00 4,795,000 FHLB NOTE 5.500% 5.109% 29-Mar-99 14-Jul-00 4,816,793.28 10,500,000 TVA BOND 6.000% 4.930% 26-Jan-99 11-Nov-00 10,686,585.00 7,000,000 SLMA NOTE 5.129% 12-Feb-99 8-Feb-01 7,005,271.84 * 1,710,000 FNNT NOTE 5.360% 5.564% 4-Mar-99 23-Feb-01 1,703,006.10 2,290,000 FHLB NOTE 5.540% 5.565% 30-Mar-99 30-Mar-01 2,288,926.56 52,548,710 ORIGINAL GRANT NET INTEREST RECEIVED THROUGH MARCH 31, 1999 EXPENDED TO DATE (SEE ATTACHED) COST OF INVESTMENTS MARKET VALUE h:/all/penny/invest/Fy99.xls 5/11/99 3:21 PM 52,265,783.16 43,200,000.00 12,360,805.96 (3,295,022.80) 52,265,783.16 52,737,930.28 Floating Rate Qrly Pay-Fit rate ACCRUED INTEREST 0.00 0.00 0.00 104,953.41 88,916.67 18,366.67 135,904.17 56,407.85 262,500.00 52,145.40 9,674.80 352.41 729,221.36 EXPENDITURES TO DATE DATE DESCRIPTION 10/31/94 GVEA INVOICES 1 & 2 01/20/95 GVEA INVOICE 3 06/30/95 INVESTMENT MGMT FEE 07/05/95 GVEA INVOICES 4, 5, 6 & 7 07/21/95 MUNI/ANCH FIN DEPT-AUDIT FEE 08/04/95 INVESTMENT MGMT FEE 09/01/95 INVESTMENT MGMT FEE 09/28/95 INVESTMENT MGMT FEE 11/27/95 INVESTMENT MGMT FEE 12/08/95 INVESTMENT MGMT FEE 12/28/95 INVESTMENT MGMT FEE 12/28/95 GVEA INVOICES 8,9,10,11 & 12 03/08/96 INVESTMENT MGMT FEE 04/05/96 INVESTMENT MGMT FEE 04/12/96 GVEA INVOICES 13 & 14 04/25/96 INVESTMENT MGMT FEE 05/31/96 INVESTMENT MGMT FEE 07/12/96 INVESTMENT MGMT FEE 07/19/96 GVEA INVOICE #15 08/02/96 INVESTMENT MGMT FEE 08/23/96 GVEA INVOICE #20 08/30/96 INVESTMENT MGMT FEE 08/30/96 GVEA INVOICE #19 09/27/96 INVESTMENT MGMT FEE 10/31/96 INVESTMENT MGMT FEE 12/06/96 INVESTMENT MGMT FEE 12/19/96 GVEA INVOICE #16-18,21-24 12/26/96 INVESTMENT MGMT FEE 01/31/97 INVESTMENT MGMT FEE 02/27/97 GVEA INVOICE #25 & 26 03/07/97 INVESTMENT MGMT FEE 04/10/97 INVESTMENT MGMT FEE 04/17/97 GVEA INVOICE #27 05/01/97 INVESTMENT MGMT FEE 05/16/97 GVEA INVOICE #28 & 29 05/23/97 INVESTMENT MGMT FEE 06/20/97 PEAT MARWICK AUDIT FEE h:/all/penny/investFy99.xls 5/11/99 3:21 PM AMOUNT 667,484.34 99,439.44 1,282.36 303,202.69 5,000.00 2,491.82 2,692.58 2,960.90 3,597.87 3,620.91 4,291.25 159,677.18 8,610.29 4,611.79 85,896.32 4,893.46 4,936.75 4,970.45 24,184.81 4,944.14 5,532.41 4,970.66 9,822.55 4,966.60 4,925.38 4,901.08 102,121.72 4,871.14 5,349.69 128,302.53 5,374.23 5,358.66 6,171.91 5,405.64 145,760.45 5,395.13 8,000.00 EXPENDITURES TO DATE DATE DESCRIPTION AMOUNT 07/03/97 INVESTMENT MGMT FEE 4,130.00 08/15/97 INVESTMENT MGMT FEE 4,122.68 09/02/97 INVESTMENT MGMT FEE 4,128.60 09/26/97 INVESTMENT MGMT FEE 4,128.54 10/10/97 GVEA INVOICE #30-33 100,731.99 11/04/97 INVESTMENT MGMT FEE 4,165.46 12/05/97 GVEA INVOICE #34 75,043.23 12/19/97 GVEA INVOICE #35 17,155.76 12/22/97 INVESTMENT MGMT FEE 4,167.84 01/02/98 INVESTMENT MGMT FEE 4,183.18 02/09/98 GVEA INVOICE #36 269,387.98 02/09/98 INVESTMENT MGMT FEE 4,202.98 03/02/98 INVESTMENT MGMT FEE 4,232.88 03/31/98 INVESTMENT MGMT FEE 4,208.01 03/31/98 GVEA INVOICE #37 & 38 245,670.01 04/27/98 GVEA INVOICE #39 77,161.89 05/04/98 INVESTMENT MGMT FEE 4,230.84 05/11/98 GVEA INVOICE #40 82,063.98 06/04/98 INVESTMENT MGMT FEE 4,288.09 06/25/98 PEAT MARWICK AUDIT FEE 5,000.00 07/27/98 INVESTMENT MGMT FEE 4,301.92 08/10/98 INVESTMENT MGMT FEE 4,321.06 09/08/98 INVESTMENT MGMT FEE 4,342.45 09/21/98 GVEA INVOICE #41-43 225,001.51 11/06/98 INVESTMENT MGMT FEE 8,758.37 11/20/98 GVEA INVOICE #44 74,699.76 12/07/98 INVESTMENT MGMT FEE 4,402.84 01/11/99 INVESTMENT MGMT FEE 4,399.80 02/12/99 INVESTMENT MGMT FEE 4,420.80 03/08/99 INVESTMENT MGMT FEE 4,435.33 03/08/99 GVEA INVOICE #46 - 49 177,515.89 3,295,022.80 h:/all/penny/invest/Fy99.xls 5/11/99 3:21 PM INVESTMENTS - ANCHORAGE-KENAI INTERTIE 31-Mar-99 PARVALUE TYPE ISSUER COUPON YIELD PURCHASE MATURITY COST DATE DATE 955,070 REPO SEI 31-Mar-99 — 1-Apr-99 955,069.99 650,000 NOTE FNMA 4.812% 4-Feb-99 4-May-99 642,463.43 5,300,000 NOTE FNMA 6.030% 5.844% 30-Dec-97 77-Jul-99 5,314,045.00 4,510,000 NOTE FNMA 5.530% 5.552% 31-Mar-98 23-Mar-00 4,492,456.10 1,055,000 NOTE FNMA 6.200% 6.305% 29-Aug-95 6-Jun-00 1,050,368.55 2,000,000 NOTE UST 6.125% 5.520% 29-Jun-98 31-Jul-00 2,023,437.50 3,055,000 NOTE FNMA 5.410% 5.895% 1-Mar-96 13-Feb-01 2,992,067.00 3,000,000 NOTE FNMA 5.720% 6.209% 12-Feb-97 8-Mar-01 2,947,740.00 445,000 NOTE FNMA 6.450% 6.595% 16-Jan-97 12-Apr-01 442,588.10 3,000,000 NOTE FHLB 5.610% 5.713% 14-Jul-98 22-Jun-01 2,991,562.50 5,200,000 STRIP FNMA 6.565% 27-Jul-95 1-Aug-01 3,526,744.00 5,000,000 NOTE FHLB 4.875% 4.935% 20-Jan-99 22-Jan-02 4,991,700.00 5,500,000 NOTE FNMA 6.290% 6.293% 12-Feb-97 11-Feb-02 5,499,285.00 3,500,000 NOTE UST 6.375% 6.144% 24-Dec-96 15-Aug-02 3,537,734.38 1,900,000 NOTE FHLB 4.640% 4.818% 3-Dec-98 9-Oct-02 1,888,125.00 5,000,000 NOTE FHLB 5.905% 5.020% 27-Jan-99 23-Dec-02 5,154,900.00 2,000,000 NOTE FHLB 5.630% 5.551% 25-Feb-99 2-Sep-03 2,006,250.00 5,000,000 NOTE FFCB 5.070% 5.143% 20-Jan-99 15-Dec-03 4,984,100.00 1,820,283 NOTE FNMA 5.125% 6.133% 25-Mar-99 13-Feb-04 1,743,710.94 58,890,353 57,184,347.49 ORIGINAL GRANT 46,800,000.00 NET INTEREST RECEIVED THROUGH MARCH 31, 1999 15,296,240.49 EXPENDED TO DATE (SEE ATTACHED) COST OF INVESTMENTS MARKET VALUE h;/all/penny/invest/Fy99.xls 5/11/99 3:45 PM (4,911,893.00) 57,184,347.49 58,540,140.01 ACCRUED INTEREST 0.00 74,571.00 5,542.29 20,894.86 20,303.87 22,036.73 10,963.33 13,474.23 46,282.50 0.00 46,718.75 48,048.61 27,736.53 42,120.89 80,373.61 9,070.56 74,641.67 13,734.29 556,513.72 EXPENDITURES TO DATE DATE DESCRIPTION AMOUNT 12/8/95 INVESTMENT FEE-SCUDDER 4,814.00 1/10/96 CHUGACH ELEC ASSOC 600,000.00 1/29/96 CHUGACH ELEC ASSOC 200,000.00 2/8/96 CHUGACH ELEC ASSOC 60,000.00 2/29/96 INVESTMENT FEE-SCUDDER 8,571.00 3/7/96 CHUGACH ELEC ASSOC 40,000.00 5/31/96 INVESTMENT FEE-SCUDDER 8,071.00 8/16/96 CHUGACH ELEC ASSOC 1,011,724.00 8/23/96 INVESTMENT FEE-SCUDDER 8,616.00 10/1/96 CHUGACH ELEC ASSOC 859,553.00 11/14/96 INVESTMENT FEE-SCUDDER 8,627.00 1/2/97 CHUGACH ELEC ASSOC 496,513.00 2/14/97 INVESTMENT FEE-SCUDDER 8,983.00 4/1/97 CHUGACH ELEC ASSOC 344,342.00 5/23/97 INVESTMENT FEE-SCUDDER 9,018.00 7/1197 CHUGACH ELEC ASSOC 283,474.00 8/14/97 INVESTMENT FEE-SCUDDER 8,244.00 10/1/97 CHUGACH ELEC ASSOC 222,605.00 11/14/97 INVESTMENT FEE-SCUDDER 8,483.00 1/2/98 CHUGACH ELEC ASSOC 192,171.00 2/19/98 INVESTMENT FEE-SCUDDER 8,665.00 4/1198 CHUGACH ELEC ASSOC 161,737.00 5/19/98 INVESTMENT FEE-SCUDDER 8,844.00 7/1198 CHUGACH ELEC ASSOC 100,868.00 9/11/98 INVESTMENT FEE-SCUDDER 8,957.00 10/9/98 CHUGACH ELEC ASSOC 70,434.00 12/11/98 INVESTMENT FEE-SCUDDER 9,198.00 1/4/99 CHUGACH ELEC ASSOC 150,000.00 3/12/99 INVESTMENT FEE-SCUDDER 9,381.00 TOTAL 4,911,893.00 h;/all/penny/invest/Fy99.xls 5/11/99 3:45 PM CHUGACH ELECTRIC ASSOCIATION, INC. April 30, 1999 Alaska Industrial Development and Export Authority 480 West Tudor Road Anchorage, Alaska 99503 Attention: Mr. Randy Simmons, Executive Director Subject: Southern Intertie State Grant Expenditures, Audit Dear Mr. Simmons: Enclosed are 3 copies of Chugach Electric Association’s “State Financial Assistance Reports, Year Ended December 31, 1998”. The report is submitted in accordance with Section 5, “Audit Requirements”, of the Grant Administration Agreement dated August 30, 1994 for expenses incurred in connection with the Southern Intertie Project from the transmission intertie funds granted under SLA 1993. Please, distribute copies as needed to the appropriate State departments. Sincerely, == LV. =f Eugene N. Bjornstad General Manager Mr ENB/D¥5:ah - Enclosures: 3 copies of Financial Assistance Reports, Year Ended December 31, 1998. c Lee Thibert, w/o Mike Massin, w/o Mike Cunningham, w/o Alayne Switzer, w/o W.0.#$E9590081, Sec., 2.2.1.1; RF 5601 Minnesota Drive * P.O. Box 196300 Anchorage, Alaska 99519-6300 Phone 907-563-7494 * FAX 907-562-0027 CHUGACH ELECTRIC ASSOCIATION, INC. State Financial Assistance Reports Year ended December 31, 1998 CHUGACH ELECTRIC ASSOCIATION, INC. Table of Contents Independent Auditors’ Report on Schedule of State Financial Assistance 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 Independent Auditors’ Report on Compliance for a State Single Audit Independent Auditors’ Report on the Internal Control Structure for a State Single Audit Page(s) Mel 601 West Fifth Avenue Suite 700 Anchorage, AK 99501-2258 Independent Auditors' Report on Schedule of State Financial Assistance The Board of Directors Chugach Electric Association, Inc.: We have audited the financial statements of the Chugach Electric Association, Inc. (Chugach) as of and for the year ended December 31, 1998, and have issued our report thereon dated February 26, 1999. These financial statements are the responsibility of Chugach’s management. Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with generally accepted auditing standards and Government Auditing Standards, issued by the Comptroller General of the United States. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion. Our audit was made for the purpose of forming an opinion on the financial statements of Chugach Electric Association, Inc. taken as a whole. The accompanying Schedule of State Financial Assistance is presented for purposes of additional analysis and is not a required part of the basic financial statements. The information in the schedule has been subjected to the auditing procedures applied in the audit of the basic financial statements and, in our opinion, is fairly presented, in all material respects in relation to the financial statements taken as a whole. KPMG LEP February 26, 1999 Baa KPMG LLP KPMG LLP 2 US. limited liability a member of KPMG International, a Swiss as: Chugach Electric Association Schedule of State Financial Assistance Year Ended December 31, 1998 Deferred Grant cash Interest Total allowable Deferred Grant Revenue receipts receipts expenditures revenue Name of Award Award 1/1/98 during year during year during year 12/31/98 Department of Administration: Direct: Southern Intertie Route Selection $ _ 48,000,000 (165,831) 525,214 19,424 623,813 (86,656) CHUGACH ELECTRIC ASSOCIATION, INC. Notes to Schedule of State Financial Assistance Year Ended December 31, 1998 General The accompanying Schedule of State Financial Assistance presents the activity of all state financial assistance programs of Chugach. Chugach’s reporting entity is defined in note 1 to Chugach’s financial statements. State financial assistance received directly from state agencies as well as state financial assistance passed through other government 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 Chugach’s financial statements. Expenditures represent decreases in net financial resources and include operating expenses, debt service and capital outlay. Deferred Revenue at January 1, 1998 Deferred revenue at January 1, 1998 included amounts received from the State of Alaska in excess of amounts expended, amounts payable from the program’s restricted cash account to Chugach’s general cash account and accrued expenditures. The balance was restated at January 1, 1998 to exclude the amounts payable from the program’s restricted cash account to Chugach’s general cash account and accrued expenditures as follows: Deferred revenue as of January 1, 1998 $ 786,911 Adjustment to exclude amounts payable from from program’ s restricted cash account to Chugach’s general cash account and accrued expenditures (621,080) Adjusted deferred revenue as of January 1, 1998 $ 165,831 ae 601 West Fifth Avenue Suite 700 Anchorage, AK 99501-2258 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 The Board of Directors Chugach Electric Association, Inc.: We have audited the financial statements of Chugach Electric Association, Inc. (Chugach) as of and for the year ended December 31, 1998, and have issued our report thereon dated February 26, 1999. 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. As part of obtaining reasonable assurance about whether Chugach’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. In planning and performing our audit, we considered Chugach’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 over financial reporting 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. Baan ieonber ol KPMG a member of KPMG SS associan AW) The Board of Directors Chugach Electric Association, Inc. This report is intended solely for the information and use of Chugach’s Board of Directors, management and state awarding agencies and is not intended to be and should not be used by anyone other than these specified parties. KPIUc LEP February 26, 1999 anal 601 West Fifth Avenue Suite 700 Anchorage, AK 99501-2258 Independent Auditors' Report on Compliance for a State Single Audit The Board of Directors Chugach Electric Association, Inc.: We have audited the financial statements of the Chugach Electric Association, Inc. (Chugach) as of and for the year ended December 31, 1998, and have issued our report thereon dated February 26, 1999. As part of obtaining reasonable assurance about whether the financial statements and the major state assistance program are free of material misstatement, we have applied procedures to test Chugach’s compliance with certain provisions of laws and regulations and with the general requirements applicable to its state financial assistance programs and the specific requirements that are applicable to its major state financial assistance program, which is identified in the accompanying schedule of state financial assistance, for the year ended December 31, 1998. The management of Chugach is responsible for Chugach’s compliance with those requirements. Our responsibility is to express an opinion on compliance with those provisions and requirements based on our audit. We conducted our audit in accordance with generally accepted auditing standards, 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 audit guide require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement and whether material noncompliance with the requirements referred to above occurred. An audit includes examining, on a test basis, evidence about Chugach’s compliance with those provisions and requirements. We believe that our audit provides a reasonable basis for our opinion. In our opinion, Chugach complied, in all material respects, with the provisions of laws and regulations and the applicable general requirements governing its state financial assistance program and with the specific requirements that are applicable to its major state financial assistance program for the year ended December 31, 1998. aaa Pees ba PU The Board of Directors Chugach Electric Association, Inc. This report is intended solely for the information and use of Chugach’s Board of Directors, management and state awarding agencies and is not intended to be and should not be used by anyone other than these specified parties. KPI cs LEP February 26, 1999 anal 601 West Fifth Avenue Suite 700 Anchorage, AK 99501-2258 Independent Auditors' Report on the Internal Control Structure for a State Single Audit The Board of Directors Chugach Electric Association, Inc.: We have audited the financial statements of Chugach Electric Association, Inc. (Chugach) as of and for the year ended December 31, 1998, and have issued our report thereon dated February 26, 1999. We have also audited Chugach’s compliance with general requirements and specific requirements applicable to the major state financial assistance program and have issued our report thereon dated February 26, 1999. We conducted our audits in accordance with generally accepted auditing standards, 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 audit guide require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement and about whether Chugach complied with laws and regulations, noncompliance with which would be material to a major state financial assistance program. The management of Chugach is responsible for establishing and maintaining an internal control structure. In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of internal control structure policies and procedures. The objectives of an internal control structure are to provide management with reasonable, but not absolute, assurance that assets are safeguarded against loss from unauthorized use or disposition, that transactions are executed in accordance with management’s authorization with generally accepted accounting principles, and that state financial assistance programs are managed in compliance with applicable laws and regulations. Because of inherent limitations in any internal control structure, errors, irregularities, or instances of noncompliance may nevertheless occur and not be detected. Also, projections of any evaluation of the structure to future periods is subject to the risk that procedures may become inadequate because of changes in conditions or that the effectiveness of the design and operation of policies and procedures may deteriorate. In planning and performing our audit of the financial statements of Chugach for the year ended December 31, 1998, we obtained an understanding of the internal control structure. With respect to the internal control structure, we obtained an understanding of the design of relevant policies and procedures and whether they have been placed in operation, and we assessed control risk in order to determine our auditing procedures for the purpose of expressing our opinions on the financial statements and on compliance with general requirements and requirements applicable to major state financial assistance programs and not to provide an opinion on the internal control structure. Accordingly, we do not express such an opinion. KPMG LLP KPMG LLP. a US. limited liability a member of KPMG international. a Swiss a man The Board of Directors Chugach Electric Association, Inc. Our consideration of the internal control structure would not necessarily disclose all matters in the internal control structure that might be reportable conditions and, accordingly, would not necessarily disclose all reportable conditions that are also considered to be material weaknesses. A material weakness is a reportable condition in which the design or operation of one or more of the internal control structure elements does not reduce to a relatively low level the risk that (1) errors or irregularities in amounts that would be material in relation to the financial statements being audited or (2) noncompliance with laws and regulations that would be material to the state programs 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 structure and its operation that we consider to be material weaknesses as defined above. This report is intended solely for the information and use of Chugach’s Board of Directors, management and state awarding agencies and is not intended to be and should not be used by anyone other than these specified parties. KPI cs LEP February 26, 1999 Il. SCHEDULE CHUGACH ELECTRIC ASSOCIATION ANCHORAGE - KENAI INTERTIE Wed 5/19/99 PHASE IB 1995 1996 1997 1998 1999 2000 ID | Task Name % Comp. | Act.Cost |{Q2]Q3 [a4 | at] az[a3]a4}ar | a2z2]a3] a4 | ar]a2z]a3]a4}ar] a2] a3]a4lar]a2z{asassai 1 |ENVIRONMENTAL & ENGINEER! 77% | $4,874,832.60 2 PROJECT MANAGEMENT 46%| $184,013.10 3 | ROUTE SELECTION STUDIE 100%| — $871,650.00 4 EVAL & PREL.ENGINEERIN 90%| $3,694,456.50 5 SCOPING 100%| $375,997.34 6 INVENTORY 100% | $680,396.25 7 IMPACT/MITIGATION | 100%| $607,560.00 8 ALTERN.SELECTION 100% | $335,392.00 9] EVAL (DRAFT EIS) 86%| $1,170,822.97 — a 9 7. 10 ANILCA (FINAL EIS) 37% $30,307.20 a Bons ~ 0, 4 STUDIES 100%| $101,476.81 | _——_a 2127 —_ F ma 9 rere era 12 ENG.FIELD WORK 100%| $202,645.44 ena sive : i |__| __ 2 13 PREL. ENGINEERING 100% | $189,858.49 oH - He 14 AGENCIES il i 99%| $124,713.00 Qa EB 15 USFS i i 100% $7,794.00 | 16] USFWS 100% $45,916.00 : 5/34 17 RUS 96% $71,003.00 Task Sees Summary ny Rolled Up Progress TT Project: ANCHORAGE - KENAI INTE ’ a EE aes Date: Wed 5/19/99 Progress Rolled Up Task ‘ Milestone Cd Rolled Up Milestone © PH_IB.MPP Page 1 IV. ITEMS FOR APPROVAL None. V. ITEMS FOR DISCUSSION None. FN ET eT TET ATL V. ITEMS FOR INFORMATION 1. Power Engineers’ Monthly Report Phase IB - Environmental Analysis, May 18, 1999. ER PLIMER May 18, 1999 RE CEIVE D Ms. Dora Gropp Chugach Electric Association MAY 1 9 1999 5601 Minnesota Drive, Building A TRANSMISSION & Anchorage, AK 99518 SPECIAL PROJECT Subject: POWER Project #120376 EIS & Preliminary Engineering Chugach Contract No. 820, Monthly Status Report No. 4 For Period April 11 — May 8, 1999 Dear Dora: This report summarizes the activities completed during April 1999 for Tasks 5a — Se and 6. Overall, Dames and Moore is on schedule to complete the revised draft EVAL for internal review by May 28. They have informed me that it is their intent to complete the EVAL by that date and send it to you for delivery the next business day, which is Tuesday, June 1, the day after Memorial Day. Subsequent to completion of the review of the revised draft EVAL, the Final EVAL can be completed. This report includes the following attachments: 1) Overall Financial Project Summary 2) Detailed Budget and Percent Complete Summary for Tasks 5a — 5d and Task 6 3) Activity Summaries for Tasks 5 and 6 4) Dames and Moore Monthly Report, including: a) May 7, 1999 - Letter to Randy Pollock, PEI, from Tim Tetherow, D&M, regarding the Project Status, including a summary of activities table, and D&M percent complete and cash flow projections table. b) April 18-23, 1999 Field Trip Report for M. Doyle and K. Kishbaugh of Dames and Moore. Invoice Period Overview: Dames & Moore - e Completed chapters 3 and 4 comment responses. e Updated land use and visual resource data from field survey and agency contacts. e Preparing cumulative impact mapping. Power Engineers — e Coordinated engineering aspects of the EVAL with the environmental aspects e Monitor and manage Dames and Moore’s completion of the revised draft EVAL HLY 23-218 POWER Engineers, Incorporated 3940 Glenbrook Dr. * P.O. Box 1060 — Phone (208) 788-3456 Hailey, Idaho 83333 Fax (208) 788-2082 Chugach Electric Association May 18, 1999 Page 2 Work Planned for the Next Invoice Period: Dames & Moore — e¢ Complete revised draft EVAL by May 28 and submit for internal review Power Engineers — e Meet with Dames and Moore in Phoenix to coordinate engineering/environmental issues for completion of the revised draft EVAL e Continue to monitor and manage Dames and Moore’s completion of the revised draft EVAL Schedule: As noted in last months report, the overall estimated time frame to complete the EVAL, as outlined in Dames & Moore’s memorandum dated February 5, 1999, is 20 weeks from the additional work approval date. Based on this schedule, the EVAL and ANILCA application should be completed by about the week of July 5, 1999. Dames & Moore is currently on schedule to produce a complete draft EVAL for internal review by May 28, and a Final EVAL for submission with the ANILCA application by July 2. Budget: Contract No. 820, Amendment No. 1 for Task 5 of $465,215 has been included in the budget. Total Budget $3,911,194 Actual $ Invoiced (to date) $3,693,229 Actual Remaining Project Budget $217,965 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. CZ Relete Randy Pollock, P.E. Project Manager RP/Ik Enclosures cc: PROJECT TEAM HLY 23-218 Gl poweR SOUTHERN INTERTIE ROUTE SELECTION STUDY - PHASE 1 - 120376 PROJECT FINANCIAL SUMMARY MAY, 1999 INVOICE Project Task 1 Task 2 Task 3 Task 4 Task 5 Task 6 Task 7 Task 8 Task 9 Total Base Not to Exceed $351,050 $660,706 | © $584,010 $303,475 $402,570 $247,616 $101,480 $202,655 $189,861 $3,043,423 Budget CWG Contract $23,789 $18,885 $22,602 $32,866 $4,904 N/A N/A N/A N/A $103,046 Amendment No. 4 DFI Contract N/A N/A N/A N/A $45,000 N/A N/A N/A N/A $45,000 Amendment No. 5 DFI Contract N/A N/A N/A N/A $11,400 N/A N/A N/A N/A $11,400 Amendment No. 6 DFI Contract N/A N/A N/A N/A $3,502 N/A N/A N/A N/A $3,502 Amendment No. 7 DFI Contract N/A N/A N/A N/A $89,487 N/A N/A N/A N/A $89,487 Amendment No. 8 Task 5 & 6 N/A N/A N/A N/A $194,150 | ($194,150) N/A N/A N/A $0 Reallocation * Contract N/A N/A N/A N/A $31,926 N/A N/A NIA N/A $31,926 Amendment No. 9 Contract N/A N/A N/A N/A $118,193 NIA N/A N/A N/A $118,193 Amendment No. 11 Contract 820, N/A N/A N/A N/A $465,215 N/A N/A N/A N/A $465,215 Amendment No. 1 Total Not to Exceed $374,839 $679,591 $606,612 $336,341 | $1,366,349 $53,466 $101,480 $202,655 $189,861 $3,911,194 Budget Actual Budget $374,839 $679,583 $606,540 $336,315 | $1,085,563 $30,014 $101,476 $202,610 $189,852 $3,606,792 Expended Through Previous Invoice Current Invoice $0 $0 $0 $0| $86,437 $0 $0 | Amount ; Actual Budget $374,839 $679,583 $606,540 $336,315 | $1,172,000 $30,014 $101,476 $202,610 $189,852 $3,693,229 Expended Through Current Invoice Remaining $0 $8 $72 $26 $194,349 $23,452 $4 $45 $9 $217,965 Budget * Task 5 budget amount reflects the addition of Contract No. 820, Amendment No. | funds. $0 $0 $86,437 HLY 23-218 5/18/99 SOUTHERN INTERTIE PROJECT THROUGH PERIOD ENDING: Page 1 of 2 PROJECT SUMMARY REPORT 05-08-88 2ND QUARTER 1999 3RD QUARTER 1999 | TAS MONTH MAR APR MAY JUN JUL AUG SEP 5a_|COMMENT ORGANIZATION (Dames & Moore) | | Actual % Work Completed 60% 100% 100% | | Planned % Complete $ (to date) 60% 100% | 100% 100% 100% 100% | 100% Actual % Expended $ (to date) | 60% 100%! 100% | | Planned $ (this period) $28,349 $19,292 | $0 $0 $0 $0 | $0 Actual $ Expended (this period) $28,349 $19,292 | $0 | | Planned $ (to date) $28,349 $47,641 | $47,641 $47,641 $47,641 $47,641 $47,641 Actual $ Expended (to date) $28,349 $47,641 $47,641 | | Contract No. 820, Amend. No. 1 $47,641 $47,641 $47,641 | $47,641 $47,641 | $47,641 $47,641 Actual Remaining Task Budget $19,292 $0 $0 | ee sssasmmamsSsmsSsassSsSsSsSsSsS39)9.90.0.0.—_—_—_—_—,./ 5b |EVAL REVISIONS (Dames & Moore) Actual % Work Completed 27% 45% | 76% | | Planned % Complete $ (to date) 27% 51% 77%| 100% 100% | 100% 100% Actual % Expended $ (to date) 27% 45%| 76% | | | Planned $ (this period) $48,540 | $41,696 | $45,329) $41,105 $0 | $0 | $0 Actual $ Expended (this period) | __ $48,540 | $30,727 | $55,393 | | Planned $ (to date) $48,540 | $90,236 | $135,565 | $176,670 | $176,670 | $176,670 $176,670 Actual $ Expended (to date) $48,540 | $79,267 | $134,661 | Contract No. 820, Amend. No. 1 | $176,670 | $176,670 $176,670 | $176,670 | $176,670 | $176,670 $176,670 Actual Remaining Task Budget | $128,130 $97,403 $42,009 | | 5c_|MAP REVISIONS (Dames & Moore) | T Actual % Work Completed 27% 35% 55% i Planned % Complete $ (to date) 27% 38% 71% | 100% 100%. 100%} 100% Actual % Expended $ (to date) 27% 35% 56% | Planned $ (this period) $38,744 $15,357 | $47,693 | $40,791 $0 | $0 | $0 Actual $ Expended (this period) $38,744 $11,605 | $28,942 | | Planned $ (to date) $38,744 $54,101 | $101,794 | $142,585 | $142,585 | $142,585 $142,585 Actual $ Expended (to date) $38,744 $50,349 $79,291 | | Contract No. 820, Amend. No. 1 | $142,585 | $142,585 | $142,585 $142,585 | $142,585 | $142,585 $142,585 Actual Remaining Task Budget | $103,841 $92,236 | $63,294 | | | Sd_| FINALIZE EVAL (Dames & Moore) | Actual % Work Completed 0% 0% 0% | Planned % Complete $ (to date) 0% 0% 0% 14% 100% 100% 100% Actual % Expended $ (to date) 0% 0% | 0% | | Planned $ (this period) $0 $0 $0 | $7,956 $48,780 | $0 $0 Actual $ Expended (this period) $0 $0 | $0 | Planned $ (to date) $0 $0 $0 $7,956 $56,736 $56,736 | $56,736 Actual $ Expended (to date) $0 $0 $0 | Contract No. 820, Amend. No. 1 $56,736 $56,736 | $56,736 $56,736 $56,736 $56,736 | $56,736 Actual Remaining Task Budget $56,736 $56,736 $56,736 03/18/99 Contract 820 Amendment No. 1 HLY 23-218a1 5/18/99 SOUTHERN INTERTIE PROJECT THROUGH PERIOD ENDING: Page 2 of 2 PROJECT SUMMARY REPORT Oe-08:29 — 2ND QUARTER 1999 3RD QUARTER 1999 TAS! MONTH MAR APR MAY JUN JUL AUG SEP 5e_ |ENGINEERING SUPPORT & PROJECT COORDINATION (POWER Engineers) | | Actual % Work Completed 8% 18% 40% | \ Planned % Complete $ (to date) 8% 27% | 52% | 78% 100% 100% | 100% Actual % Expended $ (to date) 8% 17% 22% Planned $ (this period) $3,280 $8,000 | $10,500 | $10,500 $9,303 $0 | $0 Actual $ Expended (this period) $3,280 $3,893 | $2,102 | | Planned $ (to date) $3,280 $11,280 | $21,780 | $32,280 $41,583 $41,583 $41,583 Actual $ Expended (to date) $3,280 $7,173 | $9,275 | Contract No. 820, Amend. No. 1 $41,583 $41,583 | $41,583 $41,583 $41,583 $41,583 $41,583 Actual Remaining Task Budget $38,303 $34,410 $32,308 | TASK 5 TOTAL errr ea rr ek? ts etl a enn ANILCA APPLICATION Actual % Work Completed 26% 40% 60% | | Planned % Complete $ (to date) 26% 44%| 66% | 88% 100%! 100% 100% Actual % Expended $ (to date) 26% 40% | 58% | Planned $ (this period) $118,913 $84,345 | $103,522 | $100,352 $58,083 | $0 | $0 Actual $ Expended (this period) | $118,913 $65,517 $86,437 | Planned $ (to date) $118,913 | $203,258 | $306,780 | $407,132 | $465,215 $465,215 | $465,215 Actual $ Expended (to date) $118,913 | $184,430 $270,867 | | Contract No. 820, Amend. No. 1 $465,215 | $465,215 | $465,215 $465,215 | $465,215 $465,215 | $465,215 Actual Remaining Project Budget | $346,302 | $280,785 | $194,348 | | Actual % Work Completed 55% 55% | 55% | Planned % Complete $ (to date) 56% 56% | 67% 78% 100%! 100% | 100% Actual % Expended $ (to date) 56% 56% | 56% | | Planned $ (this period) $0 $0 | $5,866 | $5,866 $11,720 $0 $0 Actual $ Expended (this period) $0 $0 $0 | | Planned $ (to date) $30,014 $30,014 | $35,880 $41,746 $53,466 $53,466 $53,466 Actual $ Expended (to date) $30,014 $30,014 $30,014 | \ | Total Task 6 NTE Budget $53,466 $53,466 $53,466 $53,466 $53,466 $53,466 $53,466 TASKS 5 and 6 TOTAL Actual Remaining Task Budget $23,452 $23,452 | $23,452 | | Actual % Work Completed 29% 41% 60% | Planned % Complete $ (to date) 29% 45% 66%| 87% 100% | 100% | 100% Actual % Expended $ (to date) 29% 41% 58% | Planned $ (this period) $118,913 $84,345 $109,388 | $106,218 $69,803 | $0 | $0 Actual $ Expended (this period) | $118,913 $65,517 | $86,437 | Planned $ (to date) $148,927 | $233,272 $342,660 $448,878 | $518,681 | $518,681 $518,681 | Actual $ Expended (to date) $148,927 | $214,444 | $300,881 | | Tasks 5 and 6 Total $518,681 | $518,681 $518,681 | $518,681 | $518,681 $518,681 $518,681 Notes: Remaining Tasks 5 & 6 Budget | $369,754 | $304,237 $217,800 | 1) $30,014 had previously been expended in Task 6. 2) The March 1999 invoice is $122,887 of which $3,973 was applied to the previous remaining budget in Task 5. 3) The dollar amounts in tasks 5a, 5b, 5c, and 5d include the two percent (2%) mark-up on D&M's budget and expenditures, 03/18/99 Contract 820 Amendment No. 1 HLY 23-218a1 MAY 1999 INVOICE ACTIVITIES SUMMARY TASK 5 - EVAL PREPARATION DESCRIPTION ACTIVITIES DURING CURRENT PERIOD AND PLANNED FOR NEXT 30 DAYS EVAL Preparation Completed chapters 3 and 4 comment responses. Updated land use and visual resource data from field survey and agency contacts. Preparing cumulative impact mapping. Complete Draft EVAL. KEY ISSUES: Limited interaction with the FWS is anticipated to complete the EVAL. SCHEDULE: Completion of the Draft EVAL is expected by May 28, 1999. Project completion is projected for the week of July 5, 1999. BUDGET: Contract amendments Nos. 4, 5, 6, 7, 8, 9, 11 and the budget reallocation! for Tasks 5 and 6 are included in the budget. Also included is Contract No. 820, Amendment No. 1 ($402,570 + $4,904 + $45,000 + $11,400 + $3,502 + $89,487 + $194,150 + $31,926 + $118,193 + $465,215 = $1,366,349). $ Budgeted $ Expended $ Remaining $1,366,349 $1,172,000 $194,349 SCOPE: No outstanding issues. ' Tasks 5 budget amount reflects the addition of Contract No. 820, Amendment No. 1 funds. HLY 23-218a MAY 1999 INVOICE ACTIVITIES SUMMARY TASK 6 - ANILCA APPLICATION DESCRIPTION ACTIVITIES DURING CURRENT PERIOD AND PLANNED FOR NEXT 30 DAYS ANILCA Application e Continue preparation of the draft ANILCA application. KEY ISSUES: Completion of the ANILCA application. SCHEDULE: Completion is now projected for the week of July 5, 1999. BUDGET: The budget reallocation” for Tasks 5 and 6 is included in the budget ($247,616 - $194,150 = $53,466). $ Budgeted $ Expended $ Remaining $53,466 $30,014 $23,452 SCOPE: No outstanding issues. ° Tasks 5 and 6 budget amounts reallocated per April 24, 1998 letter from Robert Martin to Randy Pollock. HLY 23-218a & DAMES & MOORE WERE 4 bames & MOORE GROUP COMPANY 7500 North Dreamy Draw Drive Suite 145 Phoenix, Arizona 85020 May 7, 1999 602 371 1110 Tel 602 861 7431 Fax Randy Pollock POWER Engineers, Inc. 3900 S. Wadsworth Blvd., Suite 700 Lakewood, CO 80235 Progress Billing D&M # 09203-009-050 Southern Intertie EIS Environmental/Preliminary PE # 120376-01 Dear Randy: Transmitted with this letter is our thirty-first progress billing dated May 7, 1999 for the Southern Intertie Project Environmental Analysis Report (EVAL). This covers the period beginning April 3, 1999 and ending April 30, 1999. The billing for the attached invoice is in the amount of $82,681.29, which brings the total, billed to $2,633,501.39 This report provides a summary of the activities conducted for each task involved in the preparation of the EVAL. The attached table summarizes the costs during April 1999 for the Southern Intertie Project. The principal activities conducted during this period are summarized below. Task 5a —- Comment Organization With the completion of the comment-tracking table for Chapter 3 during March, we have continued to review the intent of each comment as it relates to the biology sections of Chapters 3 and 4. At the same time, we have been addressing each of the comments from RUS/Mangi and FWS on the Second Draft of the EVAL. Task 5b — Revise EVAL Revisions to the EVAL during April have included an update to the land use and visual resource inventories. This effort establishes a 1999 database for the alternative corridors. The update included contacts with the Municipality of Anchorage planning and recreation departments; Alaska Departments of Natural Resources, Fish and Game, and Transportation; FWS; and the Kenai Peninsula Borough to review the status of plan updates and newly platted developments. We received the draft Kenai Area Plan, Kenai River Comprehensive Management Plan, and South Coastal Trail Facility Concepts Report. In addition, we received the 1998 Municipality of Anchorage and Kenai Peninsula Borough land use data. A field review of all alternative routes P:\09203\009\Prog Rpts\May Prog Report.doc Offices Worldwide * DAMES & MOORE = A DAMES & MOORE GROUP COMPANY Mr. Randy Pollock May 7, 1999 Page 2 was conducted. The only changes were found in south Anchorage (Klatt Road and Old Seward and at Bings Landing on the Kenai River). Updated information was incorporated into the report and maps. We have responded to FWS and RUS/Mangi comments for sections on earth and water resources, biology, visual resources, land use, subsistence, socioeconomics, and cultural resources for Chapters 3 and 4. At this time we are making the final edits to the impact sections to reflect impact significance in place of impact levels. We are also preparing the revisions in Chapter 2 to reflect the updated information and impacts. Comment Summary The following addresses the status of the comments through mid-May: e We have responded to the 389 text comments received from the second draft of the EVAL (May 1998), with the exception of the comment from Mangi Environmental Group on the submarine cable break issue (Page 4-52, lines 15-22). We are in the process of expanding on this text, utilizing Chugach Electric studies on this topic. e We have responded to the 290 text comments received from the November 1998 draft of the Chapter 3 Biology section. e We have addressed the comments from the September 1998, and the February 1999 meetings with the Kenai National Wildlife Refuge. e During May we will be completing the reanalysis of the impact levels in the shift from qualitative impact levels (low, moderate, and high) to impact significance, and the Cumulative Impact Assessment for Chapter 4; and the impact comparison for Chapter 2. e In addition, we will be completing the Map Volume, graphic revisions, and text editing - for the EVAL for the May 28 submittal. Task 5c — Maps and Graphics During April, we updated the land use mapping and prepared revised data tables to quantify the new mapped information for biology. We also have been revising the cumulative assessment of biological impacts. P:\09203\009\Prog Rpts\May Prog Report.doc Offices Worldwide : DAMES & MOORE : A DAMES & MOORE GROUP COMPANY Mr. Randy Pollock May 7, 1999 Page 3 Schedule (same as last month) Task 5b Revise EVAL Complete Draft EVAL by May 28,1999 For questions regarding the enclosed billing, progress report, or backup information, please contact Brandie Powers or me for clarification. Sincerely, DAMES & MOORE Beat fg Tim Tetherow Project new ff Enclosure: Invoice cc: Brandie Powers FADATA\PRON\09203\009\Prog Rpts\May Prog Report.doc Offices Worldwide PHASE/ DESCRIP- 6 . ACTIVITIES COMPLETED DURING TASK TION oa ee CURRENT PERIOD 1 Scoping - - — 2 Inventory - - 3 Impact - - Assessment/ Mitigation Planning 4 Alternative - - Selection 5 EVAL 2 2 ™ Completed chapter 3 and 4 comment responses ™@ Updated land use and visual resource data from field survey and agency contacts L @ Preparing cumulative impact mapping 6 ANILCA - | KEY ISSUES: None SCHEDULE: On schedule BUDGET: $ Budgeted $ Expended $ Remaining Totals $2,867,105.00 $2,633,501.39 | $203,603.11 HLY 23-218¢ DESCRIP- TION ACT % SCH % ACTIVITIES TO BE COMPLETED IN NEXT 30 DAYS Scoping Inventory Impact Assessment/ Mitigation Planning Alternative Selection EVAL ™@ Complete Draft EVAL EIS Support HLY 23-218c Southern Intertie Cash Flow Projections May 7, 1999 Jan & Feb Total Spent to Task Budget Actuals _| March Actuals| April Actuals | May Projected | June Projected Date 5a - Comment organization Management] $ 31,747.00 | $ 17,548.00 | $ 13,199.00 | $ - Ss - Ss - $ 30,747.00 55% 100% 97% Resource Studies} $ 3,538.00 | $ 3,203.00 | $ 335.00 | $ - s - $ - $ 3,538.00 91% 100% 100% GIS}$ 6,178.00} $ 3,000.00) $ 3,178.00 | $ - $s - $ = $ 6,178.00 49% 100%) 100% Support} $ — 2,507.00 | $ 2,042.00 | $ 465.00 | $ - s - $s - $ 2,507.00 81%) 100% 100% Expenses} $ 2,737.00 | $ 2,000.00] $ _ 1,737.00] $ - s - Ss - $ 3,737.00 73% 100% 137%| SUBTOTAL] § 46,707.00 | $ 27,793.00 | $ 18,914.00 | $ - $ - s = $ 46,707.00 60% 100% 100% 'Sb-EVAL Revisions Management} $ 45,016.00 | $ 8,774.00] $ 4,000.00} $ 18,000.00] $ 9,742.00] $ 4,500.00 | $ 30,774.00 19% 28% 68% 90% 100% 68% Resource Studies] $ 72,900.00 | $ 9,860.00] $ 17,124.05] $ 32,052.33] $ 7,300.00} $ 6,563.62 | $ 59,036.38 14% 37%) 81%) 90% 100% 81% GIS}$ 9,744.00] $ - |S 1,200.00] $ 1,697.60] $ 3,923.20} $ 2,923.20] $ 2,897.60 0%! 12% 30% 70% 100% 30%) Support! $ 9,375.00] $ 1,700.00] $ 2,700.00] $ 1,909.23 | $ 441.00} $ 2,624.77] $ 6,309.23 18% 47% 67% 72% 100% 67% Expenses| $ 9,420.00} $ 590.00] $ 5,100.00 | $ 648.00} $ 1,198.00] $ 1,884.00] $ 6,338.00 6%! 60% 67% 80% 100% 67% SUBTOTAL] $ 146,455.00 | $ 20,924.00] $ 30,124.05] $ 54,307.16] $ 22,604.20] $ 18,495.59] $ 105,355.21 72%! 5c-Map Revisions Management] $ 19,320.00 | $ 8,774.00 | $ 187.28 | $ 6,323.52] $ 2,898.00} $ 1,137.20 | $ 15,284.80 45% 46% 79% 94% 100% 79%| Resource Studies] $ 8,807.00 | $ is $ - $ 8,245.18 | $ 400.00 | $ 161.82] $ 8,245.18 0%| 0%! 94%) 98% 100% 94%| GIS] $ 68,590.00] $ 3,015.00} $ 4,632.66] $ 10,152.31} $ 33,642.53] $ 17,147.50] $ 17,799.97 4% 11% 26%) 75%) 100% 26% Support} $ 2,024.00 | $ - $ 555.37 | $ 254.23 | $ 708.40 | $ 506.00 | $ 809.60 0% 27% 40% 100% 100%| 40% Expenses} $ 14,780.00 | $ - S$ 6,002.46 | $ 3,398.89] $ 2,422.65] $ 2,956.00} $ 9,401.35 0%| 40% 64%! 80% 100% 64% SUBTOTAL] $ 113,521.00} $ 11,789.00) $ 11,377.77 | $ 28,374.13] $ 40,071.58} $ 21,908.52} $ 51,540.90 45% Sd-Finalize EVAL Management| $ 15,877.00 | $ - $ - $ - $ 5,000.00 | $ 10,877.00 | $ . 0% 0% 0% 31% 100% 0%: Resource Studies} $ 8,824.00 | $ - $ - $ - s - $ 8,824.00} $ - 0%| 0%' 0% 0% 100% 0% GIS] $ 1,948.00 | $ - [Ss - $s : s - $ 1,948.00 | $ - 0% 0% 0%| 0% 100% 0% Support| $ 3,315.00 | $ : $ - $s - $ 300.00} $ 3,015.00} $ - - 0% 0% 0% 10% 100% 0% Expenses} $ 25,660.00 | $ - $ - $ : $ 5,500.00 | $ 20,160.00 | $ - 0% 0% 0% 10% 100%, 0% SUBTOTAL] $ 55,624.00} $ - 1s -|s - |S 10,800.00} $ 44,824.00} $ = 0% 6e-ANILCA Application Management] $15,000.00 | $ - $ - $ - $ 7,500.00] $ 7,500.00 | $ - 0%| 0% 0% 50% 100% 0% Resource Studies} $ 303.00 | $ : $s - $ - $ 101.00 | $ 202.00 | $ - 0%| 0%) 0% 30% 100% 0% GIS} $ - [Ss - {$s - $ : $ : s - $s - 0%! 0%! 0% 0%: 0%! 0%! Support] $ 500.00 | $ - s - $ * s 200.00 | $ 300.00 | $ = 0%| 0% 0% 40% 100% 0% Expenses} $ 6,000.00 | $ - $ - $ : $s 500.00} $ 5,500.00 | $ - 0% 0% 0% 8% 100% 0% SUBTOTAL] $ 21,803.00] $ - 1s -|s - |S 8,301.00] $ 13,502.00} $ : 0% TOTAL $ 384,110.00 | $ 60,506.00 | $ 60,415.82 | $ 82,681.29 | $ 81,776.78 | $ 98,730.11 | $ 203,603.11 53% P:09203/009/Mngmt/CashFlow Projections HLY 23-218d 5/17/99 Southern Intertie Project Field Trip Report for M. Doyle and K. Kishbaugh April 18-23, 1999 April 18 e Arrived in Anchorage April 19 ¢ Conducted land use and recreation inventory update in Anchorage area e Contacted: Lisa Parker, Planning Director, Kenai Peninsula Borough April 20 ¢ Completed land use and recreation inventory update in Anchorage area ¢ Contacted: Thede Tobish, Planner, Municipality of Anchorage Dave Gardner, Recreation Department, Municipality of Anchorage Bruce Talbot, Lands Division, Alaska Department on Natural Resources April 21 e Conducted land use recreation inventory update on Kenai Peninsula (Nikiski, Soldotna, Sterling) April 22 ¢ Completed land use and recreation inventory update on Kenai Peninsula e Returned to Anchorage April 23 ¢ Completed documentation of field trip and mapping efforts ¢ Collected updated planning documents for affected areas ¢ Contacted: Chris Degernes, Superintendent, Kenai Area, Department of Parks Mark Chase, Kenai NWR, USFWS Contacts made prior to field trip: Diana Rigg, Area Planner, Alaska Department of Transportation Rex Young, Planner, Alaska Department of Transportation HLY 23-218e Pam Rogers, Oil and Gas Division, Alaska Department of Natural Resources Glenda Landua and Roy Dudley, Planners, Kenai Peninsula Borough Brian Anderson, Realty Division, US Fish & Wildlife Service Rick Sinnot, Habitat Section, Alaska Department of Fish & Game Tom Middendorf, International Airport Manager, Municipality of Anchorage HLY 23-218¢