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HomeMy WebLinkAboutBradley Lake PMC Meeting-Teleconf. Monday, March 22, 1999 2BRADLEY LAKE PROJECT MANAGEMENT COMMITTEE MEETING MINUTES Alaska Industrial Development and Export Authority 480 West Tudor Road Anchorage, Alaska Teleconference Monday, March 22, 1999 — 10:00 a.m. 1. CALL TO ORDER Chairman Eugene Bjornstad called the meeting of the Bradley Lake Hydroelectric Project Management Committee to order at 10:00 a.m. on Monday, March 22, 1999, via teleconference from the Alaska Industrial Development and Export Authority Board Room, Anchorage, Alaska, to conduct the business of the Committee per the agenda and public notice. 2. ROLL CALL Roll was called by Brenda Fuglestad. The following members were present: Gene Bjornstad Chugach Electric Association Wayne Carmony Matanuska Electric Association (teleconference) Norm Story Homer Electric Association (teleconference) Brad Evans Golden Valley Electric Association (teleconference) Dennis McCrohan Alaska Energy Authority Meera Kohler Anchorage Municipal Light & Power (teleconference) 3. PUBLIC ROLL CALL Joe Griffith, Chugach Electric Association Stan Sieczkowski, Alaska Energy Authority Elaine McCambridge, Alaska Energy Authority Brenda Fuglestad, Alaska Energy Authority Ron Saxton, Ater Wynne LLP (teleconference) Don Stead, Homer Electric Association (teleconference) Rick Eckert, Homer Electric Association (teleconference) Don Zoerb, Matanuska Electric Association (teleconference) Ray Morgan, Matanuska Electric Association (teleconference) 4. PUBLIC COMMENT There were no public comments. Bradley Lake Project Management Committee Meeting Minutes Monday, March 22, 1999 Page 2 of 3 5. AGENDA COMMENTS There being no additions or comments, the agenda was adopted by unanimous consent. 6. APPROVAL OF MEETING MINUTES — November 3, 1998 MOTION: Mr. Story moved to approve the meeting minutes of November 3, 1998. Mr. Evans seconded the motion. It was noted that a change be made on page 7 the word “failed” should be changed to “filed.” A voice vote was taken and the minutes were unanimously approved as amended. i NEW BUSINESS A. Bradley Lake FY2000 Budget of Annual Project Costs — Joe Griffith MOTION: Chairman Bjornstad entertained a motion to approve the budget. Mr. Story moved to approve the FY2000 budget of annual project costs. Seconded by Wayne Carmony. The question was asked if this was a June 30 fiscal year. Chairman Bjornstad stated that it was. Mr. Zoerb asked that someone provide some insight regarding the AEA admin fee listed at $200,000 annually. Mr. McCrohan responded that a few years prior, AEA had a settlement with the Bradley Lake PMC that had a provision where AEA would ratchet down the admin fee to no lower than a certain level, depending on the services AEA is providing. Elaine McCambridge noted that $275,000 is what it is if we don’t take away any of our duties unless we see that it is costing us less, we are entitled to $275,000 because none of our duties have been reduced at this point, but we see that it is costing us less, so we have on our own reduced it down to the $200,000 over the last few years. However, AEA retains the right to keep it at the negotiated fee of $275,000. If the costs go back up, then this would allow AEA to go back up again, until such time as the duties are relieved, and if the duties go down, then we would drop down to $175,000 if certain duties become non-existent as defined by the Settlement Agreement. A roll call vote was taken and the motion passed unanimously. 8. COMMITTEE COMMENTS A. Next Meeting Date — Bjornstad The next meeting date will be at the call of the Chair. B. Status Report — Refunding Bonds — Joe Griffith Bradley Lake Project Management Committee Meeting Minutes Monday, March 22, 1999 Page 3 of 3 Mr. Griffith stated that the closings for the third and fifth series refunding bonds are scheduled for April 6, 1999 and April 13, 1999. We will need certificates similar to those done in February. Mr. Zoerb asked that to the extent that there are questions or concerns with the changes in language as did in the third series official statement, do we communicate those to Mr. Hittle through counsel? Mr. Griffith noted that was correct, or to himself. 9. ADJOURNMENT MOTION: Ms. Kohler moved to adjourn. There being no objection and no further business of the Committee, the meeting was recessed at 10:20 a.m. py, Coe | Eugeke Womstad aikman ATTEST: Mme oy Alaska Energy Authority, Secretary ALASKA INDUSTRIAL DEVELOPMENT = * AND EXPORT AUTHORITY = ALASKA @m ~=ENERGY AUTHORITY 480 WEST TUDOR ANCHORAGE, ALASKA 99503 907 / 269-3000 FAX 907 / 269-3044 BRADLEY LAKE PROJECT MANAGEMENT COMMITTEE MEETING AGENDA Monday, March 22, 1999 — 10:00 a.m. TELECONFERENCE Alaska Industrial Development and Export Authority 480 W. Tudor Road, Anchorage, Alaska 1. CALL TO ORDER Bjornstad 2. ROLL CALL (for Committee members) 3. PUBLIC ROLL CALL (for all others present) 4. PUBLIC COMMENT 5. AGENDA COMMENTS 6. APPROVAL OF MEETING MINUTES — November 3, 1998 v NEW BUSINESS A. Bradley Lake FY2000 Budget of Annual Project Costs Bjornstad 8. COMMITTEE COMMENTS A. Next Meeting Date Bjornstad B. Status Report — Refunding Bonds Griffith 9. ADJOURNMENT Bradley Lake PROJECT MANAGEMENT COMMITTEE MEETING PS Date) och Me - AL DE — Telecocerence ern PLEASE SIGN IN REPRESENTING MEP 92Q2\IT9884 DATE: _a/ba/aq \O.\\O am BRADLEY PMC VOTING Agenda Item No. J. lo YES NO ABS YES NO ABS YES NO ABS CITY OF SEWARD 01% [_] 7] ] Eee /MATANUSKA ELEC ASSOC. 14% [7] EAT] “CHUGACH ELEC ASSOC 30% v Far VYHOMER ELEC ASSOC 12% Vv | A VGOLDEN VAL ELEC ASSOC. 17% [7]_] ee VMUNI LIGHT & POWER 26% [7 # ea Wieck Vv ALASKA ENERGY AUTHORITY ra [S263 EvReEs A=4+ OVER 51% B = AEA CONCUR With A C = UNANIMOUS D = MAJORITY VOTING METHOD A: 3) Establishment of FY estimated annual 11) Determination of rules, procedures and payment obligation and schedule of each accounts necessary to manage project when Requiring four yeas with 51% of utilities, with no purchaser. no bonds outstanding. AEA vote: 4) Determination of annual project costs after 12) Evaluation and approval of optional project 1) Procedures for scheduling, production and each FY. work and compensation for such work. dispatch of project power. 5) Evaluation of necessity for and scheduling of 13) Application of insurance claims proceeds not 2) Establishment of procedures for use of each required project work. governed by bond resolution. purchaser's water allocation (AEA assent required for license requirements). 6) Determination of appropriate amount of 14) Approval of procedures and any individual insurance. utility agreements relating to electric power 3) Selection among alternative methods that do reserves for project. not involve AEA for funding required project 7) Adoption of additional minimum funding work. amounts for renewal and contingency reserve 15) Approval of consultants. fund above that required by bond resolution. VOTING METHOD B: VOTING METHOD C: 8) Selection among alternate methods that Requiring 4 yeas with 51% of utilities and AEA involve AEA for funding required project Unanimous vote by all (including AEA) concurrence: work. VOTING METHOD D: 1) Arranging operation and maintenance of 9) Adoption or amendment of procedural project. committee rules (except dispute resolution). Majority vote (including AEA) 2) Adoption of budget of annual project costs. 10) Adoption of project maintenance schedules. Election of Officers VOTE(93Q3/BC5272) BRADLEY LAKE HYDROELECTRIC PROJECT 1127199 FY98 Fy99 Fys9 FY2000 ACTUALS BUDGET EORECAST BUDGET REVENUES, EXPENSES & CHANGES IN SURPLUS REVENUES UTILITY CONTRIBUTIONS 13,210,675 13,843,836 13,843,836 11,813,712 INTEREST INCOME 1,845,862 1,699,979 1,830,000 1,775,000 SALE OF VEHICLE 1,477 5,000 5,000 0 15,058,014 15,548,815 15,678,836 13,588,712 EXPENSES OPERATIONS 1,748,691 2,246,947 1,921,508 2,154,115 RENEWALS/REPLACEMENTS 23,832 40,000 40,000 TRANSFER TO OPERATING RESERVE 0 117,560 0 BOND REFUNDING COSTS 294,124 (350,000) (294,124) DEBT SERVICE (net of Capital Reserve Reductions) 13,017,785 13,494,308 13,498,882 12,393,675 ARBITRAGE TRANSFER 27,976 34,110 40,000 15,112,408 15,548,815 15,200,376 14,587,790 CURRENT YEAR SURPLUS (DEFICIT) (54,394) 0 478,460 (999,078) BEGINNING SURPLUS 575,012 0 520,618 999,078 ENDING SURPLUS 520,618 0 999,078 0 BALANCE SHEET ASSETS REVENUE FUND 481,136 - 674,157 OPERATING FUND 296,292 : 324,921 U7 AZ Na =I AS O98 07 8 | TANTS LIABILITIES & SURPLUS LIABILITIES 256,810 SURPLUS 520,618 : 999,078 777,428 999,078 OTHER INFORMATION OPERATING RESERVE 535,000 535,000 535,000 535,000 MONTHLY CONTRIBUTIONS 1,100,890 1,153,653 1,153,653 984,476 * Required to be 20% of budgeted operating expense 3/4/99/4:20 PM, h:all\elaine\bradiey2000 Bradley Budget BRADLEY LAKE MONTHLY UTILITY CONTRIBUTION PERCENT FY96 FY97 FY98 FY99 FY2000 POWER PURCHASER SHARE TOTAL TOTAL TOTAL TOTAL TOTAL DECREASE CHUGACH ELECTRIC 30.4% 3,968,670 3,947,190 4,016,052 4,208,532 3,591,372 (617,160) MUNICIPALITY OF ANCHORAGE 25.9% 3,381,203 3,362,902 3,421,560 3,585,552 3,059,748 (525,804) AEG&T 25.8% 3,368,148 3,349,918 3,408,360 3,571,704 3,047,940 (823,764) GOLDEN VALLEY ELECTRIC 16.9% 2,206,267 2,194,326 2,232,600 2,339,604 1,996,512 (343,092) CITY OF SEWARD 1.0% 130,548 129,842 132,108 138,444 118,140 (20,304) 100.0% 13,054,836 12,984,178 13,210,680 13,843,836 11,813,712 (2,030,124) PERCENT FY96 FY97 FYS7 Fys9 FY2000 FY2000 POWER PURCHASER SHARE MONTHLY MONTHLY MONTHLY MONTHLY MONTHLY DECREASE CHUGACH ELECTRIC 30.4% 330,723 328,933 334,671 350,711 299,281 (51,430) MUNICIPALITY OF ANCHORAGE 25.9% 281,767 280,242 285,130 298,796 254,979 (43,817) AEG&T 25.8% 280,679 279,160 284,030 297,642 253,995 (43,647) GOLDEN VALLEY ELECTRIC 16.9% 183,856 182,861 186,050 194,967 166,376 (28,591) CITY OF SEWARD 1.0% 10,879 10,820 11,009 11,537 9,845 (1,692) 100.0% 1,087,904 1,082,016 1,100,890 1,153,653 (169,177) COMPONENTS OF CHANGE IN CONTRIBUTION FY99 ANNUAL CONTRIBUTION 13,843,836 INCREASE IN BUDGETED INTEREST EARNINGS (75,021) DECREASE IN BUDGETED O&M COSTS (92,832) DECREASE IN BUDGETED RENEWAL AND REPLACEMENTS (net of sale proceeds) (35,000) DECREASE IN DEBT SERVICE (1,100,633) DECREASE IN BUDGETED TRANSFER TO OPERATING RESERVE FOR REFUNDING (117,560) DECREASE IN REIMBURSEMENT OF BOND REFUNDING COSTS 350,000 INCREASE IN TRANSFER TO ARBITRAGE (OVERLOOKED ON PRIOR YEAR BUDGET) 40,000 INCREASE IN BUDGETED USE OF PRIOR YEAR SURPLUS (999,078) FY2000 ANNUAL CONTRIBUTION 11,813,712 3/4/99/4:17 PM,h;all\elaine\bradiey\ 2000 Bradley Budget BRADLEY LAKE OPERATIONS & MAINTENANCE CHANGE FY97 Fy98 Fy99 Fy99 | FROM '99 FY2000 ACTUALS ACTUALS BUDGET PROJECTED} PROJECTED BUDGET SUMMARY HEA O&M Contract Total 661,215 653,116 910,000 677,500 157,500 835,000 CEA Substation/SVC Maintenance 144,875 29,727 47,000 32,400 14,600 47,000 Other O&M 433,066 461,040 511,447 509,734 76,181 585,915 Insurance Costs 315,485 299,593 322,200 303,074 826 303,900 Regulatory Costs 206,675 60,290 189,500 138,500 (16,500) 122,000 1,761,316 1,503,766 1,980,147 1,661,208 232,607 1,893,815 Administrative Costs 305,521 244,924 266,800 260,300 0 260,300 2,066,837 1,748,690 2,246,947 1,921,508 232,607 2,154,115 Bond Refunding Costs 294,124 (350,000) (294,127) 294,127 0 2,066,837 2,042,814 1,896,947 1,627,381 526,734 2,154,115 ae Page 1 of 4 3/4/99/4:10 PM, 2000 Bradley Budget BRADLEY LAKE OPERATIONS & MAINTENANCE " CHANGE FY97 Fy98 Fys9 FY99 FROM '99 FY2000 ACTUALS ACTUALS BUDGET PROJECTED| PROJECTED BUDGET FERC 535 - Operation Supervision & Engineering HEA O&M Contract 99,821 76,936 103,500 66,500 26,500 93,000 Other 99,821 76,936 103,500 66,500 26,500 93,000 FERC 537 - Hydraulic Expenses HEA O&M Contract 8,916 5,341 15,000 3,500 11,500 15,000 Other 244 8,916 5,585 15,000 3,500 11,500 15,000 FERC 538 - Electric Expenses E HEA O&M Contract 147,310 130,686 149,000 130,600 13,900 & 144,500 147,310 130,686 149,000 130,600 13,900 144,500 FERC 539 - Misc. Hydraulic Power Generation Exp HEA O&M Contract 104,504 95,704 124,500 86,700 41,800 128,500 DIS Voice/Data Circuits (inc. space & power) 107,453 109,225 135,634 129,864 65,164 195,028 DIS 2-way Radio Circuits & radio maint. 24,691 22,527 44,188 30,688 11,087 41,775 Other 1,467 207 0 : 238,115 | 227,663 304,322 247,252 118,051 & 365,303 FERC 540 - Rents Bradley Lake FERC land use fees (5% increase b 55,532 72,661 64,050 71,242 3,758 & 75,000 55,532 72,661 64,050 71,242 3,758 75,000 FERC 542 - Maintenance of Structures HEA O&M Contract 1,195 19,394 136,000 74,800 13,200 88,000 Boat Dock Repairs 1,463 38,000 1,195 20,857 136,000 74,800 126,000 FERC 543 - Maintenance of Reservoirs, Dams & W | HEA O&M Contract 0 270 8,000 3,600 4,400 Fe 422 CHI 270 8,000 3,600 4,400 FERC 544 - Maintenance of Electric Plant HEA O&M Contract 221,081 244,357 263,000 236,400 20,600 257,000 221,081 244,357 263,000 236,400 _ 20,600 257,000 Page 2 of 4 3/4/99/4:10 PM, 2000 Bradley Budget BRADLEY LAKE OPERATIONS & MAINTENANCE FERC 545 - Maintenance of Misc. Hydraulic Plant HEA O&M Contract Misc. FERC 556 - System Control & Load Dispatching HEA O&M Contract CEA Dispatch & Softwar NOAA Weather Service SCS Snow Measurement UAA Seismic monitoring USGS Streamguaging USGS Minimum Flow Study FERC 562 - Station Expenses CEA SVC/Substation Maintenance Contract FERC 571 - Maintenance of Overhead Lines HEA Overhead Line Maintenance FERC 920 - Administrative Expense AEA Admin Fee Workers comp refund AEA Administrative Costs PMC Costs Bradley Lake Audit fees Bradley Lake PMC Legal Bradley Lake Arbitrage Report Budget, recording, courier Bradley Lake Trustee fees PMC Costs CHANGE FY97 FY98 Fy99 Fy99 FROM '99 ACTUALS | ACTUALS BUDGET PROJECTED} PROJECTED 75,794 77,603 102,000 74,700 82 0 75,876 77,603 102,000 74,700 2,594 2,825 9,000 700 8,300 392 0 0 6,033 6,328 6,000 6,400 0 11,310 4,599 10,500 10,500 0 53,000 55,000 55,000 55,000 2,000 119,260 131,630 138,075 135,440 6,772 38,000 38,000 38,000 (50,600) 230,589 238,382 256,575 (33,528) 144,483 29,727 47,000 32,400 144,483 29,727 47,000 32,400 = — —— 16,238 19,156 20,000 20,000 16,238 19,156 | 20,000 20,000 —— 212,079 200,000 200,000 200,000 212,079 200,000 200,000 200,000 8,575 7,807 15,000 8,500 59,142 17,757 30,000 30,000 1,817 2,313 1,800 1,800 1,960 0 21,948 17,047 20,000 20,000 93,442 44,924 66,800 60,300 Page 3 of 4 9,000 6,400 10,500 57,000 142,212 3/4/99/4:10 PM, 2000 Bradley Budget BRADLEY LAKE OPERATIONS & MAINTENANCE Bond Refunding Costs Costs to be reimbursed at closing Refunding Costs TOTAL FERC 920 FERC 924 - Property Insurance Insurance Premiums Homer Electric Insurance RSA with Risk Management FERC 928 - Regulatory Commission Expenses FERC administrative fees Contractual Engineer - Bradley FERC Licensing Reimb from Construction Fund (prior year) 5 Year Inspection & Follow-up TOTAL BRADLEY LAKE BUDGET CHANGE FY97 FY98 Fy99 FY99 FROM '99 FY2000 ACTUALS | ACTUALS BUDGET PROJECTED] PROJECTED BUDGET 0 294,124 350,000) (294,127) 294,127 294,124 (350,000) (294,127) 294,127 305,521 539,048 (83,200) (33,827)[ 294,127 268,035 270,257 273,000 270,000 0 28,225 25,462 30,000 29,200 800 19,225 3,874 19,200 3,874 315,485 299,593 322,200 303,074 160,680 43,938 161,000 85,000 8,500 & 93,500 11,893 16,352 28,500 28,500 0 28,500 0 0 0 (25,000) 34,102 206,675 60,290 189,500 16,500) 2,066,837 2,042,814 1,896,947 Page 4 of 4 1,627,381 2,154,115 3/4/99/4:10 PM, 2000 Bradley Budget Shipment Airway bill (Non ay ble) De aa ALL-DHL in usa on i a EE owe oi From (Ship; Account no. GIG SO4GOS Shipper's reference PPM Company name AiDEA Shipper's name Phone/Fax/Telex circle one Zip code (required) 794 4OHGT4 BET Company name PTY iF SE Attention DAVE CALVERT Delivery address ACA Zip/ Postcode (required) Yb bm Phone/Fax/Telex circle one C907) 224-407) Shipper’s ai W/we agree that DHL's standard terms apply to this shipmen to US $ 100. The Wersaw Comenton may also apply (3 aiher documents necessary to export thes for an extra charge. I/we agree to pay all charges if the reciprent or thidl party does V/we understand that DHL DOES NOT TRANSPORT CASH Signature for Joss or damage ) Wwe authorize DHL to complete shipment. I/we understand that insurance 1s avadable on request, ‘NOt pay. Date - 1B} TF , t/ ” 7690858545 CMs Quote this shipment number in an inquiry 5 ORIGIN DESTINATION ANC / AS a Pcs/Weight/Size No. of pieces / Weight / DHL Express Document packaging is used, enter XD xD : Dimensions in inches Services Pay’ mont Options nor ai options of” avang to all countries [2f us. pomestic Shipper's account . x Jength adtth height [CCU INTERNaTIONAL DOCUMENT Co Recipient CO Third party _ — 2 DIMENSIONAL/CHARGED WEIGHT [ZI INTERNATIONAL NON DOCUMENT © Acct. No... sei (J WORLDMAIL Ist / APM / 2nd (CF Cash/Check/Credit Card Ib ‘orcle one corel one Special Services exva charges may apply CODES CHARGES [Z SATURDAY DELIVERY Expires . _ Type poe Shipment insurance / cesred enter amount below Insured value Special services Full description of contents Wis 4 _ ‘) / j C ft Insurance / — Box/ International non document shipments only Exp. Center Attach original and three copies of a Commercial Invoice # Declared value for customs (In US $) | Export license no./Symbol if applicable Harmonized Sched. B no. if agpiic. _| Ultimate destination TOTAL TRANSPORT COLLECT STICKER No. | (9 sy Shipper’s EIN/SSN This shipment is licensed by the US. for the 3 tulumate destination named above PICKED UP BY : Diversion contrary to USshaer 1 profubyted “+h. Z ae Destination duties/taxes // left blank recipient pays duties/taxes i ye TC Recipient CD shipper Diother... 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I/we understand that insurs ges if the recipient or third party does not pay. is available on re: ihe understand that DHL BOES NOP TRANSPORT CASH Date 3/697 International non document shipments only Attach original and three copies of a Commercial Invoice Declared value for customs (In US$). Export license no./Symbol if applicable Harmonized Sched. B no. if applic Ultimate destination Shipper’s EIN/SSN This shipment is licensed by the U.S. for the ultimate destination named above Diversion contrary to U.S. Law is prohibited. Destination duties/taxes /f left blank recipient pays duties/taxes TC Recipient ( shipper CO other CODES CHARGES Services Special services Drop Box! Exp. Center # TOTAL TRANSPORT COLLECT STICKER No PICKED UP BY Time Date $906 VO ‘ALID GOOMG3Y ‘3AIYG NIHd10G NIML €€€ @ a ‘ON! ‘SAVMUIV THO Adog s,saddiys GOLD FIBRE® ler Nita omcokses IOV Oem Th. Bea Bk BA ; eee eo | ile oi JEL YY BOQ00 ~ WeqQur Bom eau Don Zorke - 1s sah to Prep Rdenin Coo. d Dy - St D2 ror vo) Exedle, Prac “Proviswn te cachet Joo “aden thee 4 no loser tren cocbern lewed - CN 716 12 lek 15- 10 we honk. Yoke aay " bihtled 976 - have on own cedcced + 200K j a idle — ort oth trae Can drop ® \75«€. “Gone nha doe — cai of chave RaWadag Conds Steers < Sen Cet - deed earctheateo * Deaf doce mente Pelige Stouts . "Qos Za Nee q_|cossucns. - ac Stutec CommumS “Brew ae Wee. | Doe = Sect OX in renee hie Gch — MOE re — \O! BOan spern (conan + PROJECT ACTION NOTES PROJECT PLANNING NOTES 34 35 36 37 3s 39 40 41 42 ei 45 47 48 49 ‘I $2 53 54 3S S7 58 =s : ; | | a2 63 = 03/16/99 TUE 11:08 FAX 562 6994 : CEA EXECUTIVE ; root my 4 P, 02/02 / wpR-18-98 TUE 10:40 AM AIDE FAX NO, 90726¢ ye > ON AVU A BRADLEY LAKE PROJECT MANAGEMENT COMMITTEE MEETING AGENDA Monday March 22, 1999 — 10:00 a.m. TELECONFERENCE Alaska Industrial Development and Export Authority 480 W. Tudor Road, Anchorage, Alaska a CALL TO ORDER Bjomstad 2. ROLL CALL (for Committee members) 3. PUBLIC ROLL CALL (for all others present) 4. PUBLIC COMMENT S. AGENDA COMMENTS 6. APPROVAL OF MEETING MINUTES— =November 3, 1998 7, NEW BUSINESS A. Bradley Lake car on of ne ea Costs Bjornstad B. Stole, e Re udcing cnthtl 8. COMMITTEE COMMENTS A. Next Meeting Date Bjornstad 9, ADJOURNMENT BRADLEY LAKE PROJECT MANAGEMENT COMMITTEE MEETING AGENDA Monday March 22, 1999 — 10:00 a.m. TELECONFERENCE Alaska Industrial Development and Export Authority 480 W. Tudor Road, Anchorage, Alaska CALL TO ORDER Bjornstad ROLL CALL (for Committee members) PUBLIC ROLL CALL (for all others present) PUBLIC COMMENT AGENDA COMMENTS APPROVAL OF MEETING MINUTES — November 3, 1998 NEW BUSINESS A. Bradley Lake FY2000 Budget of Annual Project Costs Bjornstad COMMITTEE COMMENTS A. Next Meeting Date Bjornstad ADJOURNMENT Je OOOO OOOO OOIOOOOO OOOO OOO ITI TIAA TI IIA KAKI A A ADA AA AAA KR x POL x XK: TRANSACTION REPORT K k ws ae MAR-16-99 TUE 10:40 AN xX x K x SEND (M) x x x x DATE START — RECEIVER TX TIME PAGES TYPE NOTE Mt DP x OOo x MAR-16 10:39 AM 95626994 47” 2 «SEND (M) OK 033 ; x x k x TOTAL 47S PAGES: 2 x x k Joo OOO OOOO OOOO OOOO OOOO OOOO OOO OOO OUI II OO OOO RATA AAA KAKA AAAI AAA AK KK KKK ALASKA INDUSTRIAL DEVELOPMENT E AND EXPORT AUTHORITY = ALASKA ME ENERGY AUTHORITY 480 WEST TUDOR ANCHORAGE, ALASKA 99503 907 / 269-3000 FAX 907 / 269-3044 Facsimile Transmittal ZN i dom? TO: Chere wal rusted COMPANY: Fax #: FROM: DATE: = TIME: _ £0: 30 am. Number of pages including cover page: Ze : ALASKA INDUSTRIAL DEVELOPMENT AND EXPORT AUTHORITY {= ALASKA mE _=SOENERGY AUTHORITY 480 WEST TUDOR ANCHORAGE, ALASKA 99503 907 / 269-3000 FAX 907 / 269-3044 Facsimile Transmittal a TO: exe Bi A: - YC fal a ‘ , OS App-File COMPANY: Apacs pach ee C ANssacyatp on Ox aA Fax #: ( 56h- 774 FROM: Via 70 LY, dr DATE: i; 7 TIME: 7D Number of pages including cover page: Transmittal Contents: F y) we A (off Aptrdeo— wal afer ark Comments: Des Kb Soerd.a fou Z 77 Fe < ss pee Tene ts LOW EE Zima nk eee Tata Parke . ei iia Notice: This facsimile may contain confidential information that is being transmitted to and is intended only for the use of the recipient named above. Reading, disclosure, discussion, dissemination, distribution, or copying of this information by anyone other than the named recipient or his or her employees or agents is strictly prohibited. If you have received this facsimile in error, please immediately destroy it and notify us by telephone, (907) 269-3000. H:\ALL\TAMMY\F acsimile Transmittal Cover Page.doc v 03/11/99 THU 09:22 FAX 562 6994 CEA EXECUTIVE Boor a CRUGACH esermerssocav0n.ve 5601 Minnesota Drive P.O. BOX 196300 Anchorage, Alaska 99519-6300 Phone: 907-563-7494 FACSIMILE TRANSMITTAL SHEET March 11, 1999 Shawn Dean COMPANY: AIDEA LOCATION: 269-3044 Dianne Hillemeyer COMMENTS/MESSAGE: Attached are the proposed budget #’s. Looks like they actually came from there originally! Oh well, at least you have access to a good copy! IF TRANSMISSION I$ INCOMPLETE, PLEASE CALL: (907) 762-4709 TIMED ATE OF TRANSMISSION: TOTAL NUMBER OF PAGES TRANSMITTING: ___ (Includes Cover Sheet) | ___CHUGACH FAX NO.:_(907) 562-6994 MACHINE TYPE: CANON 3500__ 03/11/99 THU 09:22 FAX 562 6994 CEA EXECUTIVE “gaan 16:00 From-GVEA ENERG’ LY BO745 15657 T-067 P02 F228 7 INDUSTRIAL DEVELOPMENT 7 ALASKA INDU! AND EXPORT AUTHORITY = ALASKA (mE ENERGY AUTHORITY os LT 480 WEST TUDOR ANCHORAGE, ALASKA 99503 907 ; 269-3000 FAX 907 / 269-3044 March 4, 1989 Mr. Brad Evans Gokien Valley Electric Assoclation P.O. Box 71249 Fairbanks, AK 99707-1249 Re: Bradley Lake FY¥2000 Budget of Annual Project Costs Dear Brad: Enclased is the proposed Bradley Lake Budget of Annual Project Costs for FY2000 for presentation to the Bradley Lake PMC, As you know the deadline for submission of the budget to the Trustee is April 1, 1999. Sincerely, F Yann Elaine S. McCambridge Accountant Mooz 03/11/99 THU 09:23 FAX 562 6994 pa-06-99 © 16:00 From-GVEA ENERG' PLY BRADLEY LAKE HYDROELECTRIC PROJECT REVENUGS, EXPENSES & CHANGES IN SURPLUS REVENUES UTILITY CONTRIBUTIONS INTEREST INCOME SALE OF VEHICLE EXPENSES OPERATIONS RENEWALS/REPLACEMENTS TRANSFER TO OPERATING RESERVE BOND REFUNDING COSTS DEBT SERVICE (net of Capital Reserva Reductions) ARBITRAGE TRANSFER CURRENT YEAR SURPLUS (DEFICIT) BEGINNING SURPLUS ENDING SURPLUS BALANCE SHEET ASSETS REVENUE FUND OPERATING FUND LIABILITIES & SURPLUS LIABILITIES SURPLUS OTHER INFORMATION OPERATING RESERVE MONTHLY CONTRIBUTIONS " Required to be 20% of budgeted operating expense CEA EXECUTIVE 9074519657 T-067 P.03/08 = F-228 127199 Fes Fyas FYS3 ACTUALS BUDGET FQOBECAST BUDGET 13,210,875 13,843,836 13,643,836 11,813,712 1,845,862 1,899,979 1,830,000 4,775,000 1,477 5,000 5,000 0 16,066,014 15,549,815 15,678,836 73,588,712 1,748,691 2,246,947 1,921,508 2.154.115 23,832 40,000 40,000 0 117,560 ° 294,124 (380,000) (204,124 19,017,785 13,404,308 13,498,882 12,393,675 27,076 34,110 40,000 15,112,408 15,348,615 15,200,378 14,587,790 (54,394) 0 478,460 (899,078)| 575,012 o 620,618 999,078 620,618 0 _999,078 al —— aici — 481,136 . 674,157 296,292 . 324,921 777,428 - 999,078) 256,610 $20,618 - 999,078 sa caieameiias wso7e fp Pais edo 538,000 535,000 535,000 538,000 1,100,890 1,153,653 1,183,653 984,476 4/4/99/4:20 PM, h:all\elaine\bradlay2000 Bradley Budget M003 03/11/99 THU 09:23 FAX 562 6994 CEA EXECUTIVE 004 Qa-08-96 16:00 From-GVEA ENERGY LY 8074515857 T-067 P.04/08 F228 BRADLEY LAKE MONTHLY UTILITY CONTRIBUTION PERCENT FY9S6 FY97 Fra Frs9 FY2000 POWER PURCHASER SHARE ‘TOTAL TOTAL TOTAL TQTAL CHUGACH ELECTRIC 30.4% «3,968,670 = 3,947,180 4.016,052 4,208,532 (617.160) MUNICIPALITY OF ANCHORAGE 26.0% 3,381,203 3,362,902 3,421,560 3,586,552 3,059,748 (525,804) AEGST 25.8% 3,368,148 3,349,918 3,408,360 3.571,704 3,047,940 (623,764) GOLDEN VALLEY ELECTRIC 16.8% 2,206,267 2,194,326 2,232,600 2,389,604 1,996,512 (343,092) CITY OF SEWARD 1.0% 130,548 129,842 132,108 138,444 118,140 (20,304) 100.0% 735.054.8365 12,984,178 73,843,836 PERCENT FYS6 FY97 FY9T FY99 FY2000 POWER PURCHASER SHARE MONTHLY MONTHLY MONTHLY MONTHLY DECREASE CHUGACH ELECTRIC 30.4% 330,723 328,933 334,671 350.711 (51,430) MUNICIPALITY OF ANCHORAGE 25.9% 281,767 280,242 285.130 298,796 (43.817) AEG&T 25.8% 280,678 279,180 284,030 297,642 (43,647) GOLDEN VALLEY ELECTRIC 16.9% 183.856 182,861 186,050 194,987 (28.591) CITY OF SEWARD 1.0% 10,878 10,820 11,009 11,537 (1,692) 100.0% 1,087,904 _—‘1,082,016 COMPONENTS OF CHANGE IN CONTRIBUTION FY99 ANNUAL CONTRIBUTION INCREASE IN BUDGETED INTEREST EARNINGS DECREASE IN BUDGETED O8M COSTS DECREASE IN BUDGETED RENEWAL ANO REPLACEMENTS (nat of sale proceeds) DECREASE IN DEBT SERVICE DECREASE IN BUDGETED TRANSFER TO OPERATING RESERVE FOR REFUNDING DECREASE (N REIMBURSEMENT OF BOND REFUNDING COSTS INCREASE IN TRANSFER TO ARBITRAGE (OVERLOOKED ON PRIOR YEAR BUDGET) INCREASE IN BUDGETED USE OF PRIOR YEAR SURPLUS F¥2000 ANNUAL CONTRIBUTION 1,153.653 | 169,17 13,043,836 (75,021) (92,832) (35,000) (1,100,633) (117,560) 350,000 40,000 (999,078) 41,813,742 4199/4:17 PM, hyalNelalne\radi@y\ 2000 Bradley Budget Moos CEA EXECUTIVE THU 09:23 FAX 562 6994 03/11/99 F228 P.08/08 T-067 0074515657 LY From-GVEA ENERG) 16:00 03-08-99 weBpNg AB/NEsg ODOT ‘Wd Ob p/BGP/E oat‘aaz SLa‘tes't o00zzt 006'e0t $46'S89 000'Lr c00z Ad v 40} aBeg £7 62 oza ‘rez 83805 Bu:punjey puog 209'2EZ w69'ay2'b dee'990'2 b28'pyz Lzs'Soe $}809 eAEyS|ULUpY bo2'C0S'b Bree o2'b o0s'sch oos'6eL $29'907 Syeog AjemBey b2o'eor ooz'zze Sov'sie S802 sQUEINeY| bez'6os pris gp0'Eer WO 8YID 000'2F S28'bb) SOURUETUIEW JAS/VAHE}squg Y30 FED PLWOD WO YH AMVAANS FONVABLNIVA B SNOLLYHSdO SH AIOvuE 006 CEA EXECUTIVE 03/11/99 THU 09:24 FAX 562 6994 T-067 P.06/06 074515657 LY From-GVEA ENERGY 16:01 03-08-99 yaBpng Aappetg O00 ‘Wed O1-p/SERE y 102 288q TPEID TPO YSH UB d DU H9[3 fo CIUEREVUTEY - 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