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Home My WebLink AboutBradley Lake PMC Meeting March 28,1995 Special Budget FY96 Meeting 1BRADLEY LAKE PROJECT MANAGEMENT COMMITTEE MEETING MINUTES Teleconference Alaska Industrial Development and Export Authority 480 West Tudor Road Anchorage, Alaska Tuesday, March 28, 1995 2:00 p.m. ie CALL TO ORDER Chairman Norm Story called the meeting of the Bradley Lake Hydroelectric Project Management Committee to order at 2:00 p.m. to conduct the business relating to the FY96 Budget recommendation. The following members were present: 2. ROLL CALL Alaska Energy Authority Dennis McCrohan, Designated Representative City of Seward Dave Calvert, Designated Representative Homer Electric Association Norm Story, Designated Representative Matanuska Electric Association Wayne Carmony, Designated Representative Anchorage Municipal Light & Power Tom Stahr, Designated Representative Chugach Electric Association Tom Lovas, Designated Alternate Representative Golden Valley Electric Association Mike Kelly, Designated Representative Others Present: Stan Sieczkowski, AEA Brenda J. Fuglestad, AEA Ron Saxton, Ater, Wynne, Hewitt, Dodson & Skerritt Myles Yerkes, Homer Electric Association Mary Ann Pease, Anchorage Municipal Light & Power Brian Hickey, Chugach Electric Association John Cooley, Chugach Electric Association Bradley Evans, Golden Valley Electric Association Rick Eckert, Homer Electric Association Bradley Lake Proje_. Management Committee Meeting Minutes -- Tuesday, March 28, 1995 Page 2 of 3 3. PUBLIC COMMENT None. 4, AGENDA COMMENTS There were no changes or additions to the agenda. De BUDGET SUBCOMMITTEE REPORT Mr. Lovas stated that the Budget Subcommittee would like to submit for the Management Committee's consideration the Fiscal Year 1996 Budget, for the year beginning July 1, 1995. He also noted for the record that the Budget Subcommittee was very pleased with the assistance AIDEA provided. Mr. Lovas stated that the Budget Subcommittee spent a fair amount of time reviewing various aspects of the budget and has also incorporated the settlement agreement between AEA and the Railbelt Utilities. He also stated that the budget for this year fairly represents the subcommittee's expectations for next year. Mr. Lovas stated that the proposed FY96 budget presented is an overall total system budget that includes $13,054,836 from utility participants: added to the interest income, the budget will provide adequate funds for the operation of the debt service of the project. Mr. Yerkes commented that the O&D Committee had requested and received assurances from the AEA that the placement of the contracts for the additional fisheries study would be withheld until the O&D committee could review them. Chairman Story asked if the amount from these contracts was held out of the FY96 budget. Mr. Yerkes stated that the estimated amounts required are in the proposed FY96 budget. Mr. Lovas suggested that the Management Committee approve the FY96 budget as stated, but to instruct the O&D Committee to take a closer look at the fisheries contract. 35 OLD BUSINESS There was no old business. 10. |NEWBUSINESS A. Approval of FY96 Budget Bradley Lake Proje_. Management Committee Meeting Minutes -- Tuesday, March 28, 1995 Page 3 of 3 MOTION: Mr. Kelly moved to approve the above-mentioned FY96 Budget for $13,054,836. Seconded by Mr. Lovas. A voice vote was taken, and the motion passed unanimously. 11. COMMITTEE COMMENTS Chairman Story state that the next meeting date would be schedule for April 13, 1995, 10:00 a.m. at the Chugach Electric Association offices. Mr. Lovas again recommend that the O&D Committee undertake the review of the streamflow investigation. Chairman Story agreed. 12. ADJOURNMENT MOTION: Mr. Lovas moved to adjourn. Seconded by Mr. Calvert. There being no further business of the Committee, the meeting was adjourned at 2:35 p.m. BY: sea oy Norm Story, Chairman ATTEST: Yew) opi Dennis V. McCrohan, Secretary Bradley Lake PROJECT MANAGEMENT COMMITTEE MEETING 1655 4 (Location) “ PLEASE SIGN IN No. NAME REPRESENTING 21 [a | 92Q2\IT9884 DISTRIBUTION LIST oll Call BRADLEY LAKE PROJECT MANAGEMENT COMMITTEE MEETINGS AIDEA/Alaska Energy Authority Dennis V. McCrohan, AIDEA/Alaska Energy Authority 4 -Dan-Beardsley, AIDEA/Alaska Energy Authority ot Pcesent Stan Sieczkowski, Alaska Energy Authority/AIDEA “ Bave-Eberie -AIDEAREA_ Homer Electric Association Norm Story, Homer Electric Association 4 Myles Yerkes, Homer Electric Association ~ S.C. Matthews, Homer Electric Association Anchorage Municipal Light & Power Tom Stahr, Anchorage Municipal Light & Power 4 Hank Nikkels, Anchorage Municipal Light & Power Tim McConnell, Anchorage Municipal Light & Power Mary Ann Pease, Anchorage Municipal Light & Power ~~ Chugach Electric Association Eugene N. Bjornstad, Chugach Electric Association Tom Lovas, Chugach Electric Association O Brian Hickey, Chugach Electric Association John Cooley, Chugach Electric Association wd Golden Valley Electric Association Mike Kelly, Golden Valley Electric Association 4 Bradley Evans, Golden Valley Electric Association 4 Bob Hansen, Golden Valley Electric Association City of Seward Y Dave Calvert, City of Seward Matanuska Electric Association Wayne D. Carmony, Matanuska Electric Association James D. Hall, Matanuska Electric Association Ater Wynne Hewitt Dodson & Skerritt oat Ron Saxton, Esq., Ater Wynne Hewitt Dodson & Skerritt Dzinich, Kurt —.ot at Pee Lognne. Fairbanks Municipal Utilities System Vince Mottola, Fairbanks Municipal Utilities System AEG&T Corporation Robert L. Hufman, AEG&T Corporation h/all/eva/bradley/distr revised 1/18/95 Fax # 561-8998 235-3323 263-5204 562-6994 451-5633 224-2621 745-9368 503/226-0079 U.S. Mail 451-4410 474-0549 Agenda Item No. CITY OF SEWARD - Oave Calvect MATANUSKA ELEC ASSOC Wasysae Cacme Og CHUGACH ELEC ASSOC Cure ne Byornstad HOMER ELEC ASSOC Dorm Story, GOLDEN VAL ELEC ASSOC Mike Kellys MUNI LIGHT & POWER Yom St@he ALASKA ENERGY AUTHORITY Deans Mclr ohana B = AEA CONCUR With A A=4+ OVER 51% DATE: 3 Jao [46 BRADLEY PMC VOTING ieee —Loll Call FY4e Bate Agro oo eS) Fae Calo 14% [ V] [ZEEE] reer | ae |) 30% [7_ PASS) OFS er 126 (| Ee) SE 17% [VT whe] be] 2+# (ZEN) ERE] EE VEE Mi | C = UNANIMOUS D = MAJORITY VOTING METHOD A: Requiring four yeas with 51% of utilities, with no AEA vote: 1) Procedures for scheduling, production and dispatch of project power. 2) Establishment of procedures for use of each purchaser's water allocation (AEA assent required for license requirements). 3) Selection among alternative methods that do not involve AEA for funding required project work. VOTING METHOD B: Requiring 4 yeas with 51% of utilities and AEA concurrence: 1) Arranging operation and maintenance of project. 2) Adoption of budget of annual project costs. VOTE(93Q3/BC5272) 3) 4) 5) 6) 7) 8) 9) Establishment of FY estimated annual payment obligation and schedule of each purchaser. Determination of annual project costs after each FY. Evaluation of necessity for and scheduling of required project work. Determination of appropriate amount of insurance. Adoption of additional minimum funding amounts for renewal and contingency reserve fund above that required by bond resolution. Selection among alternate methods that involve AEA for funding required project work. Adoption or amendment of procedural committee rules (except dispute resolution). 10) Adoption of project maintenance schedules. 11) 12) 13) 14) 15) Determination of rules, procedures and accounts necessary to manage project when no bonds outstanding. Evaluation and approval of optional project work and compensation for such work. Application of insurance claims proceeds not governed by bond resolution. Approval of procedures and any individual utility agreements relating to electric power reserves for project. Approval of consultants. YOTING METHOD C: Unanimous vote by all (including AEA) VOTING METHOD D: Majority vote (including AEA) Election of Officers