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HomeMy WebLinkAboutBPMC Meeting - June 6, 1991FILE COPY oe, ) c.. BRADLEY LAKE PROJECT MANAGEMENT COMMITTEE JUNE 6, 1991 1. CALL TO ORDER CHAIRMAN MIKE KELLY called the Bradley Lake Project Management Committee to order at 10:10 a.m. in the Training Room at the offices of Chugach Electric Association to conduct the business of the Committee per the agenda and the public notice. 2. ROLL CALL Roll was called and a quorum was established. The following individuals were present: Alaska Energy Authority Charlie Bussell, Representative Brent Petrie, Alternate Chugach Electric Association David L. Highers, Representative Tom Lovas, Alternate Golden Valley Electric Association Mike Kelly, Representative and Chairman City of Seward E. Paul Diener, Representative Homer Electric Association Norm Story, Representative (arrived at 10:20 a.m.) Matanuska Electric Association Ken Ritchey, Representative Municipal Light & Power Tom Stahr, Representative Hank Nikkels, Alternate Others present: Tim McConnell, Municipal Light & Power Bob Hufman, Alaska Electric Generation & Transmission John Cooley, Chugach Electric Association Jim Woodcock, Matanuska Electric Association Ron Saxton, Purchasing Utilities Terri Ganthner, Alaska Energy Authority Stan Sieczkowski, Alaska Energy Authority Dave Eberle, Alaska Energy Authority 91q3/skb1203(1) Dave Fair, Homer Electric Association Gene Borjnstead, Chugach Electric Association Mo Aslam, Municipal Light & Power Dave Burlingame, Chugach Electric Association Joe Griffith, Chugach Electric Association 3: PUBLIC COMMENT There was no public comment. 4. MODIFICATION OF AGENDA Under Item 8, Budget Subcommittee, Item b, Chugach Wheeling was modified to read "Chugach Dispatch." The modified agenda was approved without objection. 3: APPROVAL OF MINUTES - March 5, 1991 CHAIRMAN KELLY asked for objections to the approval of the March 5, 1991, minutes. Hearing no objection, CHAIRM. KELLY stated _ the meeting minutes were approved as distributed. 6. TECHNICAL COORDINATING SUBCOMMITTEE REPORT MR. DAVID BURLINGAME, Technical Coordinating Subcommittee (TCS representative, stated that the TCS has met twice since the last BPM meeting and distributed copies of a summary meeting report for the benefit of Committee members. MR. BURLINGAME addressed items covered in the report: Bradley Lake Constraints: Power Technologies, Inc., (PTI) has completed their study of operating restraints for the testing and commissioning phase for Bradley Lake. PTI recommends that the system remain interconnected, with no testing to be completed while the system is islanded. During the smaller load rejection tests of up to 60 megawatts, the system should have twice the expected load rejection in spinning reserves. At the higher load rejections of up to 90 megawatts (MW), which AEA proposes to do, PTI has recommended at least 3 times the level of spinning reserve than the expected load rejection which is roughly 2 % times what would normally be carried by the utilities. Normal allocations would be shifted between the utilities, with Chugach, ML&P and AEG&T carrying all of the spinning reserve prior to the test. Verification of sufficient machines available to supply spinning reserve would need to be made by the utilities. MR. BURLINGAME recommended that the PMC direct the Dispatch and Scheduling Subcommittee develop a method for tracking and accounting for costs associated with dispatching during generation tests from Bradley Lake. 91q3/skb1203(2) Interim Operating Study: PTI has completed the first phase of the interim operating study. This study sets the upper limits for operation of Bradley Lake at 80 MW, with three turbines on-line at Bernice Lake. These restrictions were adopted by the TCS Subcommittee. Operation of the ‘oject at 80 MW is below the planned testing level by the Authority of 90 Mw. The TCS has requested that Stone and Webster Engineering Corporation (SWEC) gather all operating restrictions and recommendations related to Bradley Lake within the past 2-3 years into one document for reference. Bradley Lake Minimums: MR. BURLINGAME related that at a prior PMC meeting, the TCS had been directed to establish Bradley Lake minimums (i.e., maximum Kenai imports without a gas turbine on-line) for an expected reasonable level of load shedding. The TCS has agreed on the test cases required to develop those minimums. PTI will complete the study with the existing load shedding schedule and present the results to the TCS at a later date. Islanded Operation: Studies determining constraints on Bradley Lake during an islanded operation have not been started by PTI. It was noted that operation of all four Kenai area turbines would not prevent Kenai load shedding over 32 MW with the loss of one Bradley unit. The TCS will be addressing these operating constraints over the next few weeks. Transfer Tripping Installation: The TCS has approved the installation of transfer tripping at Soldotna, Quartz Creek and Bernice Lake. Transfer tripping was also approved from Dave's Creek to Soldotna which would allow a higher operating limit for Bradley Lake prior to the SVS systems going on- line. Testing/Commercial Operation: The TCS has requested that the PMC address or delegate to a subcommittee the issue of commercial operation. CHAIRMAN KELLY questioned DAVE EBERLE, Bradley Project Manager, if a start-up and test plan was being discussed at this time with the TCS. MR. DAVE EBERLE stated that the TCS has been briefed on the planned tests and progress of the testing. There has been no feedback regarding additional tests from the utilities. MR. BURLINGAME stated the utilities would need to develop operating or reliability criteria to schedule the units at various loads and for certain periods of time. The Authority's planned tests deal only with commissioning and verification of control and are not considered normal utility operation. CHAIRMAN KELLY questioned MR. EBERLE as to the intended declaration of commercial operation dates, transmission capabilities and further testing of the units. MR. EBERLE stated that the current plan is to synchronize the units the week of June 10. Load rejection tests will not be completed until July. Based on the current schedule, all tests will be completed by July 26 and in terms of the Power Sales Agreement, the project could be declared commercially operational on July 26. AEA's intent, 91q3/skb1203(3) however, is to allow the utilities to test the system for 30 days and declare it commercially operational on September 1. Status Transfer Tripping Installation: MR. BURLINGAME briefed the Committee on the remaining TCS items. Transfer tripping of the 115 lines which has basically kept Homer from energizing the line from Soldotna to Bradley Junction has been delayed due to wrong and/or broken parts. These parts are expected to be in the week on June 10. Peas of the line, RTU and Bradley will be energized in the same week. The Bradley Lake RTU for Chugach ee is installed and — the Diamond Ridge RTU installed by Homer and monitored by Chugach should be operational by the end of the week of June 3. The SVS systems proposals have been received and are under review. MR. STORY joined the meeting at 10:20 a.m. Te OPERATION AND DISPATCH SUBCOMMITTEE REPORT MR. STAN SIECZKOWSKI stated that the Operation and Dispatch Committee met March 27, April 11 and May 16, to discuss issues and develop plans for the following: Load restoration procedures have been discussed with no resolution at this time. A proposal from Chugach is currently under review by the Subcommittee regarding loss and billing procedures. MR. SIECZKOWSKI distributed copies of an Agreement Schedule showing assignments and rogress dates for review of various agreements related to Bradley Lake. The ubcommittee is recommending the acceptance of the Allocation and Scheduling Agreement dated May 17, 1991, subject to completion of the reservoir operation model and project operating criteria relating to unit condition mode operation, islanding and _ deflector modes. CHAIRMAN KELLY stated that this item would be placed on the agenda for discussion at the July 2 BPMC meeting. Spinning reserves and peaking operation has been tabled until more information is available. MR. DAVE HIGHERS Chugach Electric, questioned MR. SIECZKOWSKI as to the current level of water and levels predicted for the remainder of the year. MR.SIECZKOWSKI deferred the question to MR.EBERLE. MR. EBERLE stated that the reservoir level was at 1,093 feet and gaining between 3-5 feet a week. Significant run-offs begin the end of June and continue through July, with peak at the end of July and early August. The snow pack is within 10 percent of the normal range; however, the Homer area is below the normal average and the far side of the Kenai mountains is above normal. MR. EBERLE stated staff is continuing to monitor the situation and will have more information at the end of the month. 91q3/skb1203(4) 8. BUDGET SUBCOMMITTEE MR. KEN RITCHEY stated that the operating budget, to include a cash flow analysis for the projection of debt service payments, was approved at the February 1991 meeting. At a meeting on May 29, Subcommittee members noted that the cash flow analysis overstated the operating reserve fund by $300,000. MR. RITCHEY stated that a recommendation of the Committee would be to use funds in the Operating Fund; another recommendation may be to delay payment of certain expenses until January. A second issue facing the Subcommittee is payment dates; MR. RON SAXTON stated that the Committee is obligated to have funds available to make debt service payments and operating payments when they are due and that the time of payment should be optional. An option for the Committee would be to have each utility make an advance payment. MR. RITCHEY stated that this item would be on the July 2 agenda for further discussion by the PMC. MR. RITCHEY discussed the Chugach Wheeling rates and cost components that make up the wheeling rate as proposed by Chugach. A handout of the rates set by Chugach were distributed to Committee members. The second page of the handout was a worksheet used in a February 1988 analysis of Bradley Lake costs. This document was used as a reference by Budget Subcommittee members in forecasting future rates and calculations. Discussion on segregation of Beluga and Point McKenzie costs, applicability of the inflation rate for transmission services a and application of wheeling rates were discussed. MR. RITCHEY stated that it was the feeling of the Subcommittee that the wheeling rate adjustment should be calculated and implemented on each filing that Chugach makes with the Alaska Public Utilities Commission which ultimately leads to a rate change, with a test adjustment made each quarter. The Subcommittee would be able to track these costs easier on a quarterly basis. MR. RITCHEY stated the Homer Wheeling and Chugach Dispatch items would be discussed at the July 2 meeting. 9. INSURANCE SUBCOMMITTEE REPORT MR. BRENT PETRIE stated that the Subcommittee, with the assistance of the Division of Risk Management, is looking to Corroon & Black for a provider interested in providing Boiler and Machinery as well as Business interruption insurance. The current insurance company would provide coverage for flood, fire, earthquakes, etc. The Subcommittee will be responding to two major questionnaires regarding this insurance; copies of the questionnaires were distributed to the Insurance Subcommittee at this time. MR. PETRIE went on the say that the drought coverage had been discussed by the Subcommittee, with information to be provided to the interested providers. MR. PETRIE was questioned as to whether this insurance included payment of debt service payment in the event of a loss at the project. MR. PETRIE stated that the Subcommittee is looking at coverage of debt service payment and operation and maintenance debt 91q3/skb1203(5) service payment for at least one year. The company apparently is interested in writing a policy for 10 years that could be renewed on a year-to-year basis, applicable to each occurrence. 10. | REVIEW OF PROJECT STATUS MR. EBERLE stated that overall, the project is 94 percent complete. This percentage includes the remaining site rehabilitation contract and SVS equipment purchase and installation. The work that controls commercial operation is actually 99 percent complete. The general civil contractor is completing the diversion tunnel, gatehouse and fish water by-pass system. Punch list items and general clean-up of the site is also underway. Start-up testing of the units is continuing, with both units having been rolled and the first synchronization of the units is planned for the week of June 10. The units will be loaded at 5 percent, and upgraded at 5 percent increments. Unit rejection tests will take place July 8; PTI will be on-site and will have equipment in place to measure the response. The Authority's anticipated date for completing all tests is July 26. A falling head test to vetify the integrity of the tunnel and leakage was completed on May 22. Over a 12 hour period, the average leakage from the tunnel was only 58 gallons per minute.: There are no plans at this time to dewater the tunnel. The reservoir filling progressed slowly over the winter; after shutting down the fish water by-pass system on April 26, the reservoir has been filling fairly rapidly. The current level of water in the reservoir is 1, 093 feet, filling a little over 20 feet since last fall. Spill level is 1,180 feet; an additional 87 feet will bring the reservoir to normal spill level. 11. | NEW BUSINESS A. CHAIRMAN KELLY introduced MR. BUSSELL as the Authority's Executive Director and welcomed him to the PMC meeting. B. Bradley Agreements Committee Appointments CHAIRMAN KELLY stated that a committee would be selected to identify all agreements that must be in place, set a time table and assign to certain individuals the responsibility of completion of these agreements. Individuals selected for this committee included Stan Sieczkowski, Marv Riddle, Ron Saxton and Tom _ Lovas. CHAIRMAN KELLY charged this committee to meet as soon as possible in order to consolidate these agreements. C. Bradley Start-Up and Commercial Operation MR. BURLINGAME stated two issues regarding commercial start-up and operation included 1) operation of the plant at 90 MW without stability aids, with the risk of system losses to be shared by all the participants and 2) development of proposed operating scenarios from a utility standpoint by the TSC to insure the unit is available for 91q3/skb1203(6) 91q3/skb1203(7) commercial operation. CHAIRMAN KELLY stated he had asked MR. RON SAXT ON to look at this issue for timing of commercial operation and what the PMC and AEA have agreed to. MR. SAXTON stated that the water level is not clear under the Power Sales Agreement (PSA), but that commercial operation is the date the engineers reasonably declare the project is fully available to the operators at not less than 90 MW. Length of operation at the 90 MW level, reasonable operation and scheduling output on a commercial basis is required although the length of operation at the 90 MW level is not covered under the PSA. MR. EBERLE stated that the lack of water should not be an issue relative to commercial operation - commercial operation states the unit must run at 90 MW. The PSA recognizes that there may be variability in water over the years, but that the price paid for the energy is fixed regardless of the amount of energy provide by the project. MR. SAXTON also stated that under the revenue bonds, September 1 was listed as the date of convenience for payments to begin by the utilities to meet the debt obligations and service obligations. The bond issuance did not include funds for capitalizing any further interest after September 1 and if the payments are not made by the utilities, there is no source of revenue other than the reserve funds. Second, there is the danger of damaging the bonds tax exempt status. MR. SAXTON eclieested that the Ritosty 's engineers have the right to declare the project commercially ae and once declared, the contract expressly states the utilities are obligated to begin making their payments. CHAIRMAN KELLY stated he was concerned with limiting the project at 80 MW or having a potential out-of-step problem with the loss of a unit and questioned the risk to the utilities above 80 MW. MR. BURLINGAME stated that two utilities would primarily be affected, but that the TCS should not decide on the amount of risk allocation to the various participants. He stated the TCS should be involved in defining the operating and testing restraints they want the project to perform under to satisfy their general managers. CHAIRMAN KELLY questioned the method used by the Authority in testing the units; MR. EBERLE stated the Authority will test each unit separately to its full output (63 megawatts) and then load them in combination to the extent that the utilities are able to take the power. CHAIRMAN __ KELLY __ instructed the TCS, _ through MR. BURLINGAME, to develop operating scenarios with 80 MW and 90 MW caps. There was no objection by the Committee. Discussion began on commercial output to be scheduled from Bradley. CHAIRMAN KELLY questioned the operation of the Bernice Lake turbine under an obligation by Chugach to Homer Electric. MR. HIGHERS stated this turbine would be on-line due to the 91q3/skb1203(8) absence of the second transmission line prior to Bradley Lake operation. MR. BURLINGAME stated that this turbine was not required with the operation of Bradley; this turbine is only required to expand the operating limits of Bradley. MR. STAHR stated that he does realize that the lack of an intertie limits output from the project, however, stressed that the cost of burning fuel as opposed to using the spinning reserves was just as valuable and he expected his utility to receive this spin reserve. MR. BURLINGAME stated that the TCS has yet to establish the value of how much spinning reserve is available from Bradley Lake during normal operation of gas turbines but that Bradley was essentially able to contribute up to the 120 MW capacity at peak for spinning reserve, limited only by transmission line constraints. After installation of the SVS', the project can be scheduled at 120 MW. The minimum operating limit will not go away for the life of the project. CHAIRMAN KELLY adjourned the meeting for a short break at 12:20 p.m. The meeting reconvened at 12:30 p.m. CHAIRMAN KELLY restated the issues as discussed previously by the Committee. Additional comments regarding load shedding, response time of the turbines and additional funds to correct any design flaws were also discussed at length by the Committee. MR.TOM STAHR stated that once the project is declared operational, the utilities would be responsible for projects costs after that point and suggested that a limited agreement between the Authority and the utilities be researched and/or implemented until installation of the SVS system. MR. CHARLIE BUSSELL stated that per the bonds, partial operation of the facility can not and would not be declared. MR. HIGHERS stated that the Authority has indicated they will provide funding for the SVS system and attempt to solve any stability problems perceived by the utilities, but questioned support from the Authority through encumbrance of funds to be held for completing any additional required project construction. MR.SAXTON stated that there two separate concepts - the declaration of the commercial operation date of the project and 50-50 matching funds tied to the cost and acquisition and construction which are considered construction costs until the $350,000,000 limit is reached. MR. PETRIE stated the earlier these project construction funds could be released would be December 1992, and this must be completed through legislative action. MR. STAHR requested that a resolution to encumber these funds as related to the commercial operation date be prepared by the Committee. MR. PETRIE and MR. SAXTON were tasked with the resolution, with MR. SAXTON to prepare the first draft of the resolution for discussion at the next meeting. The Committee also discussed briefly the cost of operating gas turbines to support project testing. Chugach will continue to run the D. turbine at Bernice Lake during the test period and should be reimbursed for operating costs during this time frame. CHAIRMAN KELLY stated this issue should be placed on the July 2 agenda for further discussion. Approval of PMC Expenses MR. SAXTON stated that some utilities had not turned in the necessary backup for unreimbursed costs. MR. SAXTON handed out a memorandum from Marcey Rawitscher which stated that backup documentation is required and reimbursement will be made to Seward, Golden Valley and Ater Wynne. MR. HIGHERS moved, seconded by MR. DIENER for approval of PMC expenses. Roll was called and the motion passed unanimously. Two additional items were added to the agenda at this time. MR. BURLINGAME distributed a memorandum stating these items for the benefit of the Committee. MR. HIGHERS summarized the first motion for the benefit of Committee members. Motion 1 requests that the PMC authorize Chugach to install transfer tripping of its capacitor bank at Soldotna from Dave's Creek at a cost not to exceed $30,000. Transfer tripping of the capacitors will enable a higher output of Bradley Lake during the interim ren re MR. HIGHERS moved for adoption of motion 1; MR. RITCHEY seconded _the motion. Roll was called_and the motion was approved without objection. The second item was a motion for the PMC to authorize the installation of transfer tripping on the Bernice Lake-Soldotna, Soldotna-Quartz Creek 69 kV circuits at a cost not to exceed $100,000 for HEA at Soldotna and not to exceed $30,000 total for Chugach at Bernice Lake and Quartz Creek. MR. STORY moved adoption of the motion, MR. RITCHEY seconded. MR. HIGHERS amended the motion to table this item to the next meeting. MR. RITCHEY agreed to second the motion to table. Schedule Next Meeting July 2, 1991 Chugach Electric Association Training Room 10:00 a.m. 12. COMMUNICATIONS MR. EBERLE distributed handouts to members of the Committee, informing them of the possible construction of an additional diversion in the Upper Battle Creek Drainage Basin. The benefit/cost ration of the small diversion looks very favorable, and could potentially be constructed this summer. A Federal Energy Regulatory Commission (FERC) license amendment is required and AEA is proceeding with this request to FERC. The diversion will be 91q3/skb1203(9) discussed further at the July 2 meeting. 13 ADJOURNMENT Having no further business to bring before the Committee, the meeting was adjourned at 1:55 p.m. “MA. Chairman Mickéel Kelly A A ; Secretary Approved by PMC at meeting held July 2, 1991. 91q3/skb1203(10) Tape 1, Side 1 CHAIRMAN KELLY TIM MCCONNELL: CHAIRMAN KELLY HANK NIKKELS MO ASLAM PAUL DIENER myself. KEN RITCHEY JIM WOODCOCK JOHN COOLEY TOM LOVAS DAVE BURLINGAME DAVE HIGHERS BOB HUFMAN GENE BJORNSTEAD JOE GRIFFITH RECORD LOPY FILE NO PRO 3-1,' m™ vd ue /te 144 BRADLEY LAKE PROJECT MANAGEMENT COMMITTEE MEETING JUNE 6, 1991 \ 10:00 A.M. Let’s go ahead and call the meeting to order. We have quite a few new players today....Let’s go around the room since we do have a lot of new players and introduce one another. I’m a little worried that Stahr who usually comes with one representative has got Mo, he’s got Hank, he’s got the clan then Chugach, Cooley. Who the heck else? You know, you’ve got Tim here...over here...what’s going on here today? I’m actually Cooley’s replacement or successor since he’s irreplaceable but Let’s go around starting with Hank. Hank Nikkels, ML&P. Moe Aslam, ML&P. I’m Paul Diener from Seward all by I’m Ken Ritchey with MEA. Jim Woodcock with MEA. John Cooley with Chugach. Tom Lovas, Chugach Electric. Dave Burlingame, Chugach. Dave Highers, Homer .... Chugach. Bob Hufman, AEG&T and I’m in bad company here. Wait till Story sees me. Gene Bjornstead, Chugach. Joe Griffith, Chugach. Bradley Lake Project Management Committee Transcript June 6, 1991 Page 2 TIM MCCONNELL STAN SIEZCKOWKSI TERRI GANTHNER BRENT PETRIE CHARLIE BUSSELL RON SAXTON MIKE KELLY JIM WOODCOCK CHAIRMAN KELLY MOE ASLAM CHAIRMAN KELLY DAVE HIGHERS CHAIRMAN KELLY TERRI GANTHNER CHAIRMAN KELLY Tim McConnell, ML&P. Stan Sieczkowski, Alaska Energy Authority. Terri Ganthner, AEA. Brent Petrie, Alaska Energy Authority. I’m Charlie Bussell, AEA. Ron Saxton, attorney for the utilities. Mike Kelly with Golden Valley. Let’s see I guess, Jim with MEA, what, just to get kind of familiar maybe you could let us know what .... Jim’s the new face .... Jim Woodcock with MEA responsible for the administrative function. Prior to joining MEA in April, I worked 16 years with Portland General Electric, an investor-owned utility in Portland, Oregon. In fact, I was directed involved in the decision to hire Ron’s wife, Lynn, to work in the department when they moved down from Alaska. Okay, and Moe, you’re the new chief Moe Aslam ... engineer ... appointed Chief Engineer. I worked for Golden Valley for 3 years and now at ML&P. Okay, Tim McConnell we/’ve met. We’ve got Cooley here .... He’s a plant ... we all know that ... I think you all know Hank - no job change there and we’1ll go ahead and get started on the minutes. DeAnna is not going to be with today so we’ve got Terri helping us and Terri, by that introduction, I did what you asked me to do, didn’t I? Thank you very much, I appreciate it. Certainly. Would you take the roll please? Bradley Lake Project Management Committee Transcript June 6, 1991 Page 3 TERRI GANTHNER PAUL DIENER TERRI GANTHNER KEN RITCHEY TERRI GANTHNER DAVE HIGHERS TERRI GANTHNER CHAIRMAN KELLY TERRI GANTHNER TOM STAHR TERRI GANTHNER CHARLIE BUSSELL CHAIRMAN KELLY BOB HUFMAN CHAIRMAN KELLY DAVE BURLINGAME City of Seward? Here. Matanuska Electric? Here. Chugach Electric? Here. Homer Electric? Golden Valley Electric? Here. Municipal Light & Power? Here. Alaska Energy Authority? Here. Okay, thank you Terri. Anyone know ... Norm plans to be here as far as you know? Yes. I talked to him, oh, 45 minutes ago. He was essentially on his way from Kenai. Okay. Is there any modification to the agenda? We passed out a slight revision that Terri put in front of each place. Without objection we’ll proceed with that agenda. Is there objection to approval of the March 5 minutes? Hearing no objection, those minutes are approved as distributed. Technical Coordinating Subcommittee report, Dave Burlingame would you take care of that? I passed out a meeting summary report did enough copies go around? Anyway, basically the TCS has met a couple times since the last PMC meeting. Nothing has really be resolved ... we’re still waiting on some on-going test reports from PTI. There’s a couple of things Bradley Lake Project Management Committee Transcript June 6, Page 4 1991 that have come out during these test reports ... they have completed the test reports required for the testing and commissioning of Bradley Lake ... and it has been recommended that for the testing and commissioning of Bradley Lake that the system remain interconnected and no testing be done while the system is islanded. And during the smaller load rejection tests of up to 60 megawatts, the system should have twice the expected load rejection in spinning reserves which until you hit, you know, 45 or 50 megawatts in the summer, that essentially what we have on-line now. The only difference is that it’s going to be shifted around. Fairbanks requested to have no spin reserve on line with the combustion turbines and the Kenai is supposed to have extra spinning reserve on-line. At the higher load rejections, 90 megawatts which is what AEA proposes to do, the ... PTI has recommended at least three times the level of spinning reserve than the expected load rejection which is roughly 2 1/2 times what we’d normally be carrying. And again, that will be shifted around different than the normal allocation with Fairbanks carrying none and Chugach, ML&P and AEG&T I guess carrying all of the spinning reserve prior to those tests. The utilities need ++. we need to verify that we’re going to have that spinning reserve available ... this is the biggest thing, and the Dispatch and Scheduling Subcommittee would recommend that the PMC direct them to develop some method of tracking and accounting for the costs associated with the dispatch costs associated with the generating tests from Bradley Lake. PTI has completed the first phase of the interim operating study. This phase of interim operating study dealt with what levels of export power or what levels of Bradley Lake would be restricted to and those cases were where the Kenai was the net exporter of power. Those have been adopted by the TCS with a couple of clarifications requested and those are Bradley Lake Project Management Committee Transcript June 6, 1991 Page 5 CHAIRMAN KELLY DAVE BURLINGAME expected to be finalized by the ... within a week or two. Basically it sets the limits at 80 megawatts with ... 80 megawatts is considering that all three turbines are on-line at Bernice Lake. And you should note that the 80 megawatt is above ... is below the planned desired testing level of 90 megawatts ... Bradley Lake testing. Dave would you explain that just a little more. Well there’s two studies. One study was done to determine ... okay on a scheduled basis, what would be the maximum level of Bradley Lake power that could be scheduled and to stay within the stability and voltage restraints adopted by the TCS and that was determined to be 80 megawatts and that’s the maximum case on the ... I believe that’s winter loads actually. In summer, it’s a little bit less. In addition to that is a separate study ... PTI was requested to determine what kind of generation support is required to ... for the Energy Authority to be able to do the tests that they plan for Bradley Lake. One of the tests they plan is to be able to bring the unit up to 90 megawatts. Short ... fail to bring the units up to 90 megawatts and trip the unit, you have to have the spinning reserve we talked about before but while you’re running above that 80 megawatt level, if something else happened in the system and there’s actually faults on any of the three lines between Soldotna and Bradley, Soldotna and Quartz Creek or Quartz Creek and Dave’s Creek, the system has the potential for going out of step or incurring excessive voltage deviations so the two are in conflict although one of them ... the one study says for 90 megawatts you’re fine if all you’re going to do is strop the unit but if you’re running the unit at 90 megawatts and you have something else happen, you’re in trouble. The system is at risk any time the units are run above 80. Bradley Lake Project Management Committee Transcript June 6, 1991 Page 6 CHAIRMAN KELLY DAVE BURLINGAME CHAIRMAN KELLY DAVE BURLINGAME Now distinguish between the test and a normal operation situation. The 90 megawatt ... or the 80 megawatts is the limits notwithstanding the triple blow situation that you referred to before? 80 megawatts is the limit in terms of if you want to find what is the limit in terms of the system, you know, what the system can withstand under any outages, any contingencies. 90 megawatts with three times the amount of spinning reserve is the limit based on just tripping Bradley. It’s the only study that was done that it was studied at 90 And avoiding loadshed. And avoiding loadshed. One of the things that the TCS has requested SWEC to do was to gather all of the studies and limitations and recommendations made over the past 2 or 3 years for Bradley Lake into one document ... there seems to be a lot of confusion running around that these studies have been modified over the past couple of years so we’ve requested that they put together the latest and greatest for a brief synopsis for everybody. On the Bradley Lake minimums which was a --. PMC passed a motion directing the TCS to establish the Bradley Lake minimums on the expected reasonable level of load shedding primarily by Homer. We have agreed on the test cases required to develop those minimums and PTI is running them right now. We haven’t seen any results of the load shedding study yet. On the Islanded Operation which is kind of tied in with the Bradley Lake minimums, they haven’t started these studies to look specifically if there are any limits on Bradley Lake during islanded operation. One of the things they did when they were looking at the testing case to determine if Bradley Lake could be tested during islanded Bradley Lake Project Management Committee Transcript June 6, 1991 Page 7 CHAIRMAN KELLY operation, there was, they started all four turbines on the Kenai, gas turbines, and even with all four turbines, Bradley could only run at 33 megawatts if they were going to survive the loss of the largest contingency on the island ... on the Kenai which would be Bradley. The only difference being is that that would be to take you totally out of loadshed but it’s not a real good indication but at least it gives you an idea of what we could be faced with. The TCS will be finalizing those limits within the next month. The TCS approved transfer tripping at several locations. Dave Eberle asked me to tell you that it was not unanimous and those were basically at Soldotna, Quartz Creek and Bernice Lake. They also approved transfer tripping from Dave’s Creek to Soldotna which was unanimous which would allow a higher operating limit for Bradley Lake during, before the SVS come up. One of the Subcommittees to the TCS has requested that the PMC either address itself or delegate to a subcommittee to address the question of commercial operation and I ... after we drafted this, I see it’s already on the agenda. You know, a couple of things that came up in the subcommittee meeting was, you know, what kind of tests were the utilities required to say that yeah, everything’s a-okay and also the question as to do you test it above the stability limit of the system? Do you run it at 90 megawatts if the stability limit is in the winter 80 or any particular generation it might be 65. Do you run it above the stability limit? The TCS is requesting the PMC for or asking the PMC for direction either to itself or to another subcommittee. Just on that issue, Dave, to Dave Eberle, we had talked about a start-up and test plan ... is that something that has been shared at this point with the TCS or have we got that .... Bradley Lake Project Management Committee Transcript June 6, 1991 Page 8 DAVE EBERLE DAVE BURLINGAME CHAIRMAN KELLY DAVE BURLINGAME CHAIRMAN KELLY DAVE BURLINGAME CHAIRMAN KELLY I think we’ve been keeping them briefed on what tests are planned and what the progress of the testing is. There hasn’t really been any feedback in terms of we want to see this additional test or anything like that but ... They just ... we got this with the, a detailed procedure on the tests they are planning to run for the units. Okay, that’s the document I guess I was cece But that doesn’t ... I guess what we’re questioning, what we’re asking is are the utilities going to develop something which they would like to see ... some type of operating or reliability type thing where you run the unit for so many periods and so much time. The AEA tests essentially only deal with commissioning and verification of control; they don’t deal with what would be considered to be normal utility operation of the scheduling units, different load levels - run them up and down making sure they can consistently go up to that level of go down to that level or be controlled over a range. It seems there’s two issues. One is an issue where certain tests might be required to meet the contractual obligations and then another level of testing that might be desirable for the utilities that we could work out with AEA ++. do you see those two? Yes. And another thing that, I agree, and I think we’re going to have to address that task but maybe from AEA have we ... do we have a plan yet on what you intend to do relative to the declaration of commercial operation ... we can get to that a little bit later but that would be another input that I don’t ... have we got that yet, Dave? Bradley Lake Project Management Committee Transcript June 6, 1991 Page 9 DAVE EBERLE CHAIRMAN KELLY DAVE EBERLE We have a plan in the sense that what date, do you mean? Dates and just how you’re going to do it. In other words, at one time we had talked about trying to get the 90 megawatt demonstration and then we talked about the limited transmission capability may be hampering that to some extent and then there was some talk about testing 45 megawatts each of the two units up to speed and I just think at some point here we’re going to need to know what it is from the contractual side that the Authority has to .... Okay, maybe I can give a little bit of a briefing here. The current plan is to synchronize the units next week and start putting some load on them. We won’t do any load rejection tests till July and based on our current schedule, we would be completed with all our tests by the 26th of July and I think in terms of power sales agreement, we can declare it commercially operational on that date. Our intent, however, was and this goes back over a year ago that there was some interest from the utilities in going through this ... running it up and down trial dispatching for a period of time so we more or less said okay, we’ll allow probably 30 days to do that. Our intent would be on the 26th of July to basically turn it over and play with it as you see fit and go ahead and declare it commercially operational on September 1. The real question that Dave’s getting to is what the utilities need for a comfort level to say yeah, we’ve run it through it’s paces ... we’re in agreement it does everything. That seems to be tied to it’s maximum level. We can run it at whatever level you want it. By July 26, we’ll be comfortable and we’ve run it through all the tests, we can run it up to 120 megawatts if you want. The question really is what limit are you willing to accept; what output are you willing to put into the system so it’s crossed over that line if you will from Bradley Lake Project Management Committee Transcript June 6, 1991 Page 10 CHAIRMAN KELLY DAVE BURLINGAME what we feel is necessary to what you feel is necessary. Dave were you done? Well I was just going to give you a status of other things external to the actual project itself. The transfer tripping of the 115 line which has basically kept Homer from energizing the line from Soldotna to Bradley Junction has been delayed due to some wrong parts and then broken parts and those should be in next week and as soon as they get in, it looks like we’ll be energizing the line and RTU and Bradley Lake all in the same week which is something we wanted to avoid but ... The Bradley Lake RTU for Chugach Dispatching is installed and operational. The Diamond Ridge RTU which is installed by Homer but will be essentially monitored and controlled some functions through Chugach is operational +--+. will be operational, should be operational by the end of the week. And the SVS systems, proposals have been received and are under review and I think Dave tentatively scheduled price proposals for July 2. NOTE: NORM STORY, Homer Electric, joined the meeting at 10:20 a.m. NORM STORY CHAIRMAN KELLY STAN SIECZKOWSKI Good morning. It’s the time I’ve had my luggage lost between Kenai and Anchorage Okay, are there any questions of Dave on the TCS report? Okay, Operations and Dispatch Subcommittee report. Stan? Okay, the Operation and Dispatch Committee met March 27, April 11 and May 16 to discuss the issues and develop plans to resolve the following: The allocation method to be used for Bradley prior to commercial operation consisting of during the test period and during the period of operation when Chugach Electric is dispatch and control Bradley Lake Project Management Committee Transcript June 6, 1991 Page 11 RON SAXTON STAN SIECZKOWSKI UNKNOWN STAN SIECZKOWSKI RON SAXTON STAN SIECZKOWSKI UNKNOWN STAN SIECZKOWSKI and we’ve received a proposal from Chugach and that is currently under consideration on how to resolve that. Another issue, spinning reserves and peaking operation and that’s been tabled until we get more information than we can coordinate with the TCS committee. We discussed the Allocation and Scheduling Agreement and I believe that was sent out to all the utilities on May 17 for their review and I’1l make a recommendation for that at the end. Make sure, my notes show that we sent it out May 17. Didn’t that go to all of you? Did anybody receive it? You must +-. we do some other copies for the table -.-- let’s make sure ... If you don’t have ... I have copies ... I don’t copies enough for everyone but I do have enough copies ... What was the distribution date on that Stan? May 17. I got that it went out of my office on May 17. That’s what I show ... What’s the title on that? Allocation and Scheduling procedures. Okay, other issues that we’ve resolved have not come to any resolution is load restoration procedures and we have no action there; unit condition mode operation, idling, gritting, deflector mode - we’re working with TCS on that or will be; loss accounting/billing procedures. CEA has submitted for our consideration a procedure, we’re looking at that. And then we’ve developed an agreement schedule where we are looking at all the agreements pertaining to Bradley Lake; we’ve assigned various individuals and assigned dates for progress to this. To date, the committee Bradley Lake Project Management Committee Transcript June 6, 1991 Page 12 CHAIRMAN KELLY STAN SIECZKOWSKI CHAIRMAN KELLY DAVE HIGHERS CHAIRMAN KELLY DAVE HIGHERS STAN SIECZKOWSKI DAVE EBERLE is ready to recommend the acceptance of the Allocation and Scheduling Agreement dated 5/17 subject to completion of Exhibit A which is in the rear here and that pertains to the reservoir operation model. We are currently gathering data from the contractor and going to develop a model on how to allocate in the future and Exhibit B, which is the project operating criteria again consisting of the unit condition mode operation, the islanding, the gritting, the deflector mode which we need more information on. We have another meeting scheduled June 20 to pursue these so with that, I will pass out the Allocation Scheduling procedures to each utility and again recommend that this be considered for adoption. Okay, let’s go ahead then, Terri, and schedule that as an agenda item for the next PMC. Would you, Stan would you envision if we approve this without the schedules completed or will you have them completed by then? I won’t have them completed within a month; within 2 months we expect to have it done or at least I anticipate it being done. I would like to have this approved prior to 2 months from now. Okay let’s approve the body at the next meeting. Mr. Chairman. Dave. Stan, I’m curious if you could give us some idea of the current level of water and what you think the level will be and what we’re going to be looking at this year for water. I personally can’t, Dave, I’1l ask Dave Eberle to help me out here. Right now we’re not at 1093; we’re gaining between 3 and 5 feet a week. The heavy run-off is going to start the end Bradley Lake Project Management Committee Transcript June 6, 1991 Page 13 DAVE HIGHERS DAVE EBERLE DAVE HIGHERS CHAIRMAN KELLY STAN SIECZKOWSKI CHAIRMAN KELLY RON SAXTON STAN SIECZKOWSKI CHAIRMAN KELLY KEN RITCHEY of June and through July; the peak is the end of July and early August. The latest snowpack, I just looked at this morning, we’re about within 10 percent of normal. It’s kind of hard to say because the Homer area is below normal; far side of the Kenai mountains are above normal or in that middle area so we’re guessing right now about within 10 percent of normal but it has come up quite a bit in the last couple of weeks. Ten percent lower than normal. That’d be my guess right now. It’s a lot better than it looks in the middle of summer but we’1ll know more a month from now we’ll know a lot more .... It kind of looks like if we had a surge tank we won’t have enough mud to fill it. Okay, anything else Stan? That’s it sir. Questions of Stan on the Dispatch and Operations Subcommittee report? You might note, Stan, that the agreement being handed out is essentially the same one you saw in the draft. That’s correct. Yeah, I think at the next meeting this will be on the agenda and I expect we/’1l be able to go right through it. The tasks which are not complete we’1l follow up as soon as we Know enough about the islanding of the operation. Thanks, Stan. The Budget Subcommittee Report, Ken. Okay, a couple of items ... it’s listed on here Homer Wheeling and Chugach Dispatch ... actually I’m going to talk about two things - a cash flow analysis and then the Chugach Wheeling. Whatever we presented at the February meeting ... we presented the budget and the budget Bradley Lake Project Management Committee Transcript June 6, 1991 Page 14 CHAIRMAN KELLY KEN RITCHEY was approved. Along with that, we passed out a cash flow analysis of ... and unfortunately in our last meeting on May 29, just a few day ago, we noticed that the cash flow analysis had a bit of a bust and we have a bit of a problem ... frankly we prepared the cash flow analysis to address one specific problem and that was out debt service payment is due in December and that’s precisely the problem that we ended up having. So we looked at it; we looked through all the paces and we blew it a little bit ‘cause we ended up and it wasn’t apparent on the form that we had that we went into the red in the operating reserve fund by over $300,000 ... well we can’t do that ... Ken, I’ve got to make a comment here. In case you think that by demonstrating that you screwed up that you’re going to get fired from the budget committee, there’s no chance. You just never know ... you can always try. Anyway, so we had to regroup a little bit. We are looking at several things to address that problem. There are some related issues involved in that too, and one of which Ron and I talked -.. well we talked at the meeting and Ron and I talked earlier today is when the payments are due. I mean on the one side, you would kind of like the idea to pay as late as you can, that seems to have a nice touch to it except that right now we presumed we have our first payment September 1 and if we don’t make that payment, which is what we presume, it only makes our problem worse because we have that big payment due in December - we’ve got to make that payment. And of course one of things we’ve been juggling in this cash flow analysis is we’ve been trying to keep, course it requires that the payments are level throughout the period of time that the ... the ten months ... and we, the PMC, have directed our committee to try to keep that number as low as we can which we’ve accomplished that a little to well so we have this BRADLEY LAKE PMC MEETING June 6, 1991 Side 2 MALE VOICE: To set the levels of whatever the level PMC decides to set it at. So this is a somewhat unusual approach but it is a very, very short term problem. The other thing we're looking at is trying to delay the payment of some of these expenses. For example, CVA dispatching, Homer operating costs. Instead of paying those September, October, November and December, perhaps delaying those until January. That should help us out some. We're looking at a couple of those, and also it will require the operating fund, it will require coordination of the escrow ... Security Pacific. Again, we don't know what the outcome of that will be, but we're checking into that too. MALE VOICE: Could we just elaborate a minute ... the time of month question. We'll be taking that in another budget meeting.... might want to think about it and get views to Ken and... The issue was if the project becomes commercially operable September 1, is your first payment September 1 or the end of September? The answer turns out to be whichever you want. Your contracts obligate you to make sure there is enough money in the bank to pay the debt service when the debt service is due, make all the operating payments when the operating payments are due, but as long as you live within those constraints, you can probably pay any time during the month you want. Now the problem that occurs here is if you don't pay until the end of September, you basically have one month less revenue by December which makes it very, very difficult to make the December debt payment unless you raise the first months' payment substantially. It is purely an internal thing for how you all want to handle that, but you'll be dealing with that. If there are strong preferences, think about it, get some ..... I think too, that you sure wouldn't want to, at this very early stage, shake up any bond holders or trustees or anything like that. So I think even to include, this is only a "test year problem". MALE VOICE: This is a first trip operation problem. MALE VOICE: And then we get other problems. But, clearly this is just simply because we're only having payments September 1, October, November and December. If we had had this thing a couple of months earlier, we wouldn't be in this situation. MALE VOICE: And that's payment of the thing, is something else utilities could look at, each one of us making that payment enough early. MALE VOICE: Whenever you say advance payment, are you talking about a payment like on August 1? MALE VOICE: Either that, or making the January payment early in December. I'm just talking about any way, except causing alarm out there, right off the bat. MALE VOICE: Well, yes. We understand that problem. MALE VOICE: We've been driven by the overriding guide that you want your first year payment obligation as small as possible. And an easy way to solve all of this, is a cushion payment. That money would all flow from year one into year two and be there for your benefit. It wouldn't go to anyone else. But it is contrary to your goal of having the lowest first year payment. MALE VOICE: Right. MALE VOICE: Just so you're aware of that. I'm sure you are. MALE VOICE: OK. So we're not asking for any particular action by the PMC or anything like that. We are asking for some input if you have some, and also to prepare you for what's coming on July 2. The second thing, and I'm just going to distribute this. We decided at our, and I'll have 12 copies so keep that in mind. Chugach has seen this before, since they prepared it. It has to do the Chugach wheeling rate and the cost components that make up the wheeling rate as proposed by Chugach. This is based on year-end 1990 information and MALE VOICE: Actually that's September 30, 1990. MALE VOICE: OK. September 30. So there will be some other information, maybe year-end 1990. But this is designed to get the mind cells going and see if you have any thoughts and questions, etc. I would ask that if you could direct those questions to me and we'll be again, taking a look at this and reviewing it in a little more detail at our meeting coming up at the end of June. MALE VOICE: Ken, if you could, just to put this in context. These are the rates that Chugach is charging for wheeling services provided under the Chugach service agreement. This committee asked the budget subcommittee to look at those and determine whether they were correct. If you go back and look at this, have your people look at the formulas and the agreements and ..... There are two things that happened. One, Chugach has to segregate its costs to exclude certain of the costs ...... and the second thing that happens is with phasing .... so that after Chugach determined the rates, it starts out ... a third of that ..... The calculations that are happening on this page are supposed to determine the costs associated with providing this service and then .... formulas. MALE VOICE: In the first page that we passed up, that is the calculation based on the information off their operating report. That's the one I think you want to concentrate on in terms of if you have any ..... The way this is supposed to work, this first page is carrying out the calculation that was mentioned in the agreement. So that's basically where we need to throw the darts at if we have some disagreement. Hey, that was the formula that just doesn't seem to be carried out the way we feel it ought to be, then we have to home in. The second page that we passed out is - let's see. Where was this included, the second page? MALE VOICE: The second page was a work sheet that was used in a February 1988 analyses of Bradley Lake project costs. It was prepared at Chugach. It was distributed to the Project Budget Subcommittee sometime last fall. We've had it as kind of a reference document, although it was done on a forecast basis out into the future and was done for Chugach's internal use purposes. It was distributed because there was an indication of where we thought the rates were while we were in the process of putting it together and getting calculated .... formula. Chugachs' position is that the first page there is really the one we'll be operating off of. I might mention also that ML&P of the Budget Subcommittee suggests that they would like to have the personnel come over and sit down with our rates people, to review those accounts in the segregation of the Beluga to Point McKenzie costs. We've accepted that. Currently there's some plan for an ML&P person to come over and sit down and go through a quote/unquote "audit". The allocation is we'd like to welcome additional representatives of other utilities who may be interested. MALE VOICE: There may be relevant numbers, if you could focus on the first page. The .... that's the wheeling rate that we can charge under this formula. The second page, the second column is the phase-in percent .... Das MALE VOICE: I guess we'll have to look this over. MALE VOICE: And again, what I'm looking for is .... MALE VOICE: This page does not directly relate to .... MALE VOICE: No. No. The calculation was done earlier and distributed earlier and just used to refresh people that ... earlier looked at and started out with the 3 mil. rate, which is very nearly what we have now. A 2.7 rate. MALE VOICE: Just out of curiosity. So I can know how to think about it, if you had a 91 rate of a third of a mil there and a .... here to 3 mils. MALE VOICE: 3 mils is .... to the. Well. MALE VOICE: What does that end up reflecting in the front page? what are those numbers? You've got 2.7 .... to ? MALE VOICE: I think that's where some of the confusion came about. That particular second sheet had the phase-in factor incorrectly treated. If, in fact, you looked at the grade today, the 2.7 mills, it would phase up to the 8 mills number, I think it is on the bottom line. Several people speaking at once. Could not track conversation about mill tates and time periods. No. No. It remains at 90% for the life of the agreement. MALE VOICE: There was some concern over this before and as I've been worked through, what you're saying Ken, is that you want that to come to your committee. MALE VOICE: Right. MALE VOICE: I guess you need to think about this. The ramp-in is a given. That's in the contract. The contract requires that we segregate out the Beluga to Point McKenzie costs. Issues we discussed are if you think we did the right segregation of the Beluga to Point McKenzie costs to make up their .... millage rate, how they did that. You could also disagree with the total cost itself. MALE VOICE: There also was a discussion in that subcommittee meeting on the inflation rate as to - do we agree upon the source that we're going to use if the numbers are a little bit higher than other numbers you see around today. MALE VOICE: Well, the inflation rate only applied to a forecast of the wheeling rates in that 1988 study, and it would not, in fact, apply under the transmission services agreement since you're operating on a rate period that is based on each filing, or each rate adjustment that Chugach makes with the APUC. MALE VOICE: So it's strictly actual? Historical? MALE VOICE: Yes. Yes. MALE VOICE: We also discussed the application of the wheeling rate and the changing process. One suggestion was what the timing of this wheeling rate adjustment should be, and it was the feeling of the subcommittee that we should calculate and implement it on each filing that Chugach makes with the APUC, that ultimately leads to a rate change. Right now, with the simplified rate filing procedures, we make a test period adjustment every quarter. So essentially, the wheeling rate would change quarterly. MALE VOICE: Ken, anything else? MALE VOICE: The alternative that was suggested was to do it once a year. For administrative ease and it seems like we do an annual cost of service update and we could time it with that. The feeling of the committee was that they wanted to track it on a quarterly basis in order to look at that and administratively, if you are already calculating it and dealing with it quarterly, it's just as easy to charge it on a quarterly basis. MALE VOICE: The agreement refers to the adjustment being made at each Chugach rate proceeding. The agreement was written before the simplified rate filing process started so you have to make some decision about how to ... the process on filing ... MALE VOICE: On the Homer wheeling. MALE VOICE: We received information from Homer on that and we're taking a look at that. I didn't have any comment on that. We've asked the other committee members to take a look at those costs and get back to their own people and we had a number of questions, but really haven't had time look at it in detail and so we'll make some comment at the July 2 meeting. MALE VOICE: You'd like to carry both of those items forward? MALE VOICE: Yes. MALE VOICE: Any questions of Ken on the budget report? The insurance subcommittee status, Brent. BRENT PETRIE: We're proceeding with the state Division of Insurance to shop for insurance for the project through the state's ..... Based on the recommendations .... the new information .... that we have is re-visiting the business interruption part of this project proposed coverage. We elected not to insert anything into the budget for that because the provider of business interruption would have been the people providing the property coverage. The only business interruption they would have insured against was property losses - flood, fire, earthquake, and that sort of thing. We have found another provider that may be interested in writing coverage that would include basically the boiler and machinery lists as well. We have two major questionnaires here that we're in the process of filling out. I will provide copies of those to members of the insurance subcommittee, and Ken's also on the budget subcommittee, so we'll be able to address it there as well. Basically, we're going to have to give quite a thick document packet. If you think it is worth proceeding, we'll do that. Otherwise, it is probably going to take us a few days in our office to prepare this response to this questionnaire. The other thing that did come up in the budget committee, that we are asking this provider, is ? coverage. Basically, the Situation with the reservoir level this year has raised some questions about whether or not we have a water problem. That's not completely clear in the information we have so far, so we're going to ask that question of the provider; then be prepared to have them ask us more questions if we ask them a question on that. MALE VOICE: This insurance was basically, if something goes wrong on the project, covers the debt service during that period? MALE VOICE: What we were looking for is to cover the debt service for at least a year. $16,000,000 was the debt service and O & M for one year. That's the level we were looking at. This company apparently has an interest in writing something for 10 years that would basically be renewable on a year to year basis. MALE VOICE: Would that year be applicable to the entire period or would that be each occurrence? BRENT PETRIE: That would be for each occurrence, I expect. I don't think that they'd expose themselves to that entire 10 year period. MALE VOICE: They might then have given the .... year to year and after you've had your first .... and when you have the second renewal. MALE VOICE: Well, no. The thing is, you might end up one for a ten year period. That's usually what they, if you have a ten year period, you may have a maximum of one year. MALE VOICE: But I will distribute this to all the people on the insurance committee. If you have any questions on it, or comments, especially of things you think we should ask, please get back to me. We want to get this filled out and back within the next two weeks. MALE VOICE: Do you have that on the 4-Dam Pool Project? BRENT PETRIE: No. The situation is different. The 4-Dam Pool utilities only pay for energy when they get it, so there's .... MALE VOICE: I think that has changed a little bit too, is the cost. We weren't even looking at this for awhile and then the cost .... BRENT PETRIE: The cost on the earlier quote was $160,000 for $16,000,000. But again, only covering the major property .... MALE VOICE: Including boiler and machinery? BRENT PETRIE: No. It did not cover boiler and machinery and that's why after discussion, that's where we think most of our risk might be, and if we can't get those covered, it wasn't worth the money .... I don't know about the quote. We don't have a quote back yet. We have interest, which is something we were never able to get before. MALE VOICE: Any questions of Brent, on insurance? MALE VOICE: Is one of our options to be looking at self-insurance, establishing some sort of .... fund, once you know .... BRENT PETRIE: We kind of do have self-insurance on the project now through the renewal and contingency funds. That's funded to a $5,000,000 level. So that's where our deductible is. Above that, we're looking at buying commercial coverage. MALE VOICE: Develop a debt service reserve bank is a self-insurance of sorts. ..... BRENT PETRIE: Of course the transmission lines are 100% self-insurance. What we're not finding is people .... MALE VOICE: The project status review - Dave Eberle. DAVEEBERLE: Overall, the project is 94% complete. That 94% is measured against 100%, which includes the site rehab contract and also the SVS equipment. So in terms of the on-site work it really affects, commercial operation date, we're about 99% complete. The general civil contract - he's finishing the diversion tunnel, gatehouse work, and the fish- water by-pass system - all his other work is done. He's basically working on punch list items, doing some grading and some clean-up work. His last barge out of there is June 14th, so all the major work will be done and the equipment gone. All he has is minor punch list work. On the power house, he's down to punch list items only, and supporting our start-up. It's the final clean-up of the power house, and we're continuing with our start-up testing program. The status of the tests is that both units have been rolled. The exciters and ABR's have been checked out. Governor testing is complete. We're planning the first synchronization of the units next week and we'll load them at 5% and then bring them up at 5% increments. as I mentioned, unit rejection won't take place until July 8 when PTI is up here and has the equipment in place to measure responses. Right now, July 26 is our anticipated date for completing all of our testing and we can basically turn it over for trial dispatching. We did a flowing head test on the tunnel on May 22, to test the aggregated tunnel and leakage. That turned out very good. Over a twelve hour period, the average leakage was only 58 gallons per minute. If we had reached 1000 gallons per minute we'd still consider that very good, so the grouting has really paid off. Virtually no leakage in the tunnel. And given though the results of the FERC board down there, the decision was that there's no need to de-water the tunnel. In fact, it'd probably cause more damage by de-watering than leaving it alone. At this point we're not planning to de-water the tunnel. Reservoir filling - progressed pretty slow during the winter. We finally were able to have enough water in the lower Bradley River to completely shut off the fish-water by-pass on April 26 and the reservoir has been filling fairly rapid since then. We're 1093 now, which means the reservoir has filled a little over 20 feet since last fall, but the bulk of that has occurred since we shut off the fish-water by-pass. MALE VOICE: What's the spill level? DAVEEBERLE: The spill level is 1180, so 87 feet will take us to the spill level. So I'd say another month and we'll know a lot more about where we're going to be this fall with the reservoir level and that's about it on the status. Are there any questions? MALE VOICE: OK. Thanks Dave. Under new business, I just want to mention that Charlie Bussell introduced himself as the new Executive Director of AEA and I wanted to let you know that when I was working for the interties down in Juneau, I spent about nine days solid down there at the end of the session and you couldn't have asked for a better advocate than Charlie. With those interties evolving, going back and forth, between and among House people and Senate people, but also direct access to the third floor was easy to obtain with Charlie. I just want to pass that on to you. I think most of you that were involved are already aware of that, but I sure appreciated the fact that he hit the ground at 60 cycles, he was moving right from the start. I appreciated that. MALE VOICE: You want to go ahead and tell us how you did? MALE VOICE: Well, we had Dave Highers kick this off and now I'm going to slam him right in the chops. MALE VOICE: The Bradley Agreements committee appointments - there's a couple of areas where I think, as we get down to the short stroke here on Bradley, you've got to make sure that things are coming together and the Bradley Agreements - there are several agreements that have to Some of them between, like AEA and Chugach - they've been making progress on their dispatch agreement. But there are probably six or eight other agreement areas, not necessarily will we have that many agreements, Ron has talked about trying to consolidate them as much as possible. Most of this, in one respect or another, is with Stan, but Dave, I'd sent you a note about having somebody from your shop help on that. I've asked Ron to serve on it, and Stan, and Mark Riddle. Just to take all of the areas where the agreements are - you'll have legal assistance, you'll have Stan as the one that's overseeing that from AEA's standpoint. What I'd like to charge that committee with is we need, as soon as possible, certainly before the end of June, I'd prefer that they meet within a week. To discover each and every agreement that must be in place, put time tables on it, make sure the assignments are there, get Ron working on any drafting that you need, but make sure that we are up to speed there. Several of these agreements are moving ahead. The dispatch and operations thing, Stan reported on the allocation of the scheduling, AEA's dispatch with Chugach. This is not to imply that there hasn't already been a lot of work in progress, it's just that I would like to get a committee that would report to us, that has the elements that I described. So if there is no objection, Dave, is that your area? Who are you ... Tom ... So Stan, would you pull the trigger on the meeting? MALE VOICE: Yes. What is this thing? MALE VOICE: The name of the committee is , and this is not very damned .... but it's the best we could do. We thought a lot about this and probably paid Saxton at least $37 just to talk about the damned agreement, but the name of it, but it's called the Bradley Agreements Committee. MALE VOICE: Oh brother. Sorry I asked. BRENT PETRIE: We did prepare a punch list of all these outstanding groups. We've got a list here in case people .... We've got about 15 of them. MALE VOICE: Could we get copies of that? MALE VOICE: Again, the goal will not be have that many agreements, but to attempt to consolidate them. BRENT PETRIE: Some of these are just rights of entry. Little things between Chugach and AEA. MALE VOICE: Gas turbine peaking modes for Bradley - that was something that I think that - MALE VOICE: What happened to the warm-up? You skipped the Bradley start-up. MALE VOICE: Yes I did. Excuse me. Bradley start-up of commercial operation - this is an area that I had asked, again talked to Dave Highers about some, but had discussion too, a little bit, with Dave Burlingame. We, at that particular point in time, the thing that triggered it partially was the low water situation. The other thing that triggered it was the stability aids not being present on the system. But the whole issue of start-up of commercial operation - to assign that back to Dave. Thoughts on that Dave? I mean, we were looking at the, we need to get into this whole issue because it relates to what the utilities’ position is going to be, what AEA's position is going to be. I think Dave Eberle has stated what his deadlines are ahead, and I'd like to kind of kick this around a little bit first before we do anything related to the TCS. Dave, you want to give me your thoughts on that whole area? MALE VOICE: I think there are a couple of questions that are interrelated. Number one - are you going to operate the plant at 90 megawatts, first of all, without the stability aids? That's a risk decision. Primarily right now the risk is associated right with either Bradley Lake turbines or Chugach or AEG&T turbines. I assume that if that decision was made that there had to be something worked out where the risk was shared among all participants. I guess that's one of the questions that we are asking. If Bradley Lake is allowed to operate above the stability limit of the plant. Number two is - what do you want the the TCS to develop some proposed operating scenarios from a utility point of view that we want to see done to insure that the unit is available for commercial scheduling. MALE VOICE: Just so we can kind of get the cards on the table - the low water thing which Dave has responded to, sounds like it may not be quite as bad as we originally thought. Maybe from Ron's standpoint, is low water an issue relative .... contractual obligation and maybe you can fill us in a little bit on that. MALE VOICE: I've asked Ron to look at this issue, by the way. Both from a timing of commercial operation and as to what we have agreed to. RON SAXTON: Let me answer a couple of thing. The contract doesn't say anything about water, so it is not ... so that's clear. Commercial operation is the day that the engineers declare, the engineers reasonably declare, that the project is fully available to the operators at not less than 90 megawatts. For how long it has to operate at 90 megawatts and whether it passes back to the operator or just some reasonable declaration that it could operate, those are all losses on the language and leave it open to debate, so the answer is that it doesn't say anything about water, it does say it has to be a reasonable declaration that it can be operated - available to the operator. MALE VOICE: .... talk about commercial scheduling. RON SAXTON: Yes. And that it's output can be scheduled on a commercial basis. the given sentence construction, again you have room about whether its 90 megawatts would have to be either scheduled commercially or whether it has to operate at 90 for a short period and then commercially schedule some other level. _..... As in most of these arrangements, nobody having thought about the water situation being a problem, you got .... question of what the facility would be .... at the time. How you take that language and apply it to a lack of fuel and both sides of the debate and the debate is coming and that ..... DAVEEBERLE: Mr. Chairman, maybe I can add some clarity to that. The lack of water should not be an issue relative to commercial operation. Commercial operation only talks about 90 megawatts. You can do 90 megawatts at that plant at low pool. So we can exceed 90 megawatts right now. The rest of the contract recognizes that there may be a variability in water years but the price paid for the energy - basically you're buying capacity - so the price is fixed, regardless of the amount of energy that comes out of the project for a year. I don't think the lack of water or whether we're low reservoir or not even plays into the declaration of commercial operation at all. MALE VOICE: There are a couple of ways we can ... this element. We could do something in the way of marking down commercial issues. This is a big question that we need to get, I want to make sure that everybody in the room gets their two cents in now rather than on the phone with me later. Charlie's here so I want him to make sure and get a ... report. I'm not saying that we've got a humongus problem or anything, I just want to learn - we're getting down to it here - the man says he's going to have his testing done by July 26 - I don't want to wait until the next meeting so - if we could - Riley, could you be the scribe for us. MALE VOICE: Commercial scheduling .... commercial operation MALE VOICE: I think Ron, maybe the two things we've already mentioned is - must it be tested at 90 megawatts? The trouble with having Saxton as a scribe, that I've found before, is it would be much better if you could cut his tongue out before you had him be a scribe because he is not going to accept everything you try to get him to write. So you're going to have to work with a little on the problem. RON SAXTON: I just want to make sure of my definition - you've got some key words - the first thing is you have to have an engineer's declaration. MALE VOICE: And that is by AEA. Is that right? That is an AEA engineer or is that some other? RON SAXTON: An engineer retained by AEA. You did have some discussion earlier about whether it had to be somebody specially retained for that purpose or just one of the engineers who are out there. The engineer has to make a declaration that is reasonable. The declaration has to say that the project is available - available ..... 90 megawatts, and the second condition, that output can be scheduled. MALE VOICE: The engineer signs on all of these things? RON SAXTON: The signs ..... At a minimum, this will mean that whatever output is there has to be commercially schedulable. You can debate about whether that has to be 90 megawatts .... or just whatever is there. Those are two distinct tests. They were put there to .... an instantaneous declaration that it could operate at 90 megawatts but then it collapses and is unable to ever run again isn't what we want. It has to be able to operate at 90 megawatts for some reasonable time and the output of it has to be commercially schedulable. Those are the tests. If you want .... whether the project can meet it or not, .... MALE VOICE: I think at this point in time Dave Eberle - what I heard you say is that your testing will be done, and I assume that that is that testing which you determine is necessary to, in your mind, to declare it commercially operable. Is that what that means? DAVEEBERLE: That the would be the testing that we, and the engineer have agreed is the testing that we want to do on the units - verifying for ourselves that everything is operable. MALE VOICE: OK. Then you would do some future test, like this, prior to September 1, to declare it commercially operable? DAVEEBERLE: Well, we wouldn't do anything. Technically, I think we could declare it on July 26. But last year we went through this argument and there was a request that there be a trial period here, trial dispatching, and we said we'd try to accommodate that and try to give you 30 days. Right now we're projecting 5 weeks worth of that. MALE VOICE: During which we can load it to any level up to its maximum output? DAVEEBERLE: Any level you want to load it to. Use it any way you want. And we'd have the engineers standing by if anything came up. Then we could analyze it and see whether it was a problem and what the cause was. MALE VOICE: Dave, when September 1 rolls around, who is it that would actually make the declaration? DAVEEBERLE: Stone and Webster is who we would envision doing that. They're the logical people to do it. MALE VOICE: Dave, are there other tests involved, where we're testing equipment, concerning any manufacturer's warranties or anything that we . equipment? DAVEEBERLE: We will have tested all the equipment by July 26. In fact, we're basically past that point already. The July 26 date is also basically the date when the warranty would start with the contractor on the powerhouse. MALE VOICE: For those of you who maybe weren't in the discussion a year ago - the Energy Authority will perform the tests it thinks are important - and be done with this by July 26 .... however their concerns...warranties..... The utilities requested, maybe insisted on, additional ability to test for longer periods, ... tests that were designed by the utilities, so that's what the extra month .... September 1 as the date of convenience. RON SAXTON: September 1, date of convenience. It is my understanding is that that is the date, via the revenue bonding, that requires payment to begin. Within that month's period of time, which I guess is still up in the air. But the key to the September 1 date is to insure that the utilities are now paying into the state in order to meet the debt obligations and the service obligations that are the revenue in the bonding consideration, rather than a date vis a vis project operation or any other contractual ... RON SAXTON: September 1 was the date used for all the assumptions in the finance. If the September 1 date isn't met, a couple of things happen. The bonds that were issued did not include any money for capitalizing any further interest after September 1 so if the utilities are not making payments, then there's no source of revenue for paying that, other than going to the reserve funds. ..... that's an issue the state would have to face. MALE VOICE: Ron, are we up against the cap on cap interest, ...., IDC? RON SAXTON: My memory is that we had room for a month or maybe two months or more of cap interest - that the money to pay it isn't there but if the state found the money somewhere, we wouldn't run into a tax problem for another month or two. At some point, if you delay it long enough, even if the state finds the money to capitalize it, you run into a danger in your tax exempt status - ratios of money used - the fact is I've pulled .... how additional capitalized interest could flow back to the utilities, is a question that we could talk at length, but since you're well the $350,000,000 price of the project, some of the additional costs would come to the utilities as .... MALE VOICE: If there was a question about all of the things from the operating level to the ability to schedule commercially, if the utilities were making the payments, possibly not within the, maybe in another kind of interim agreement, does that satisfy the bonding problem. RON SAXTON: Well, there are two ways to ... that, one is a friendly way, and one is a not friendly way. On September 1, or whatever date the state chooses to do it, their engineers can declare this thing commercially operable. That's not a discussion item or anything else. That is something they get to do. The contract expressly says that once they do that, you have to make your payments while you dispute it. So one scenario is - if September 1 ... commercially operable, the utilities say absolutely not - we would probably then go to court for some kind of declaratory judgement that it wasn't commercially operable, some type of injunction against them, but while we fought in court, you'd have to make the payments. If you won in court, you'd get your money back. But you would have pay while you were fighting. So that is one scenario. MALE VOICE: Ron, while you are one that scenario - let's say that that did work to delay it, are we still obligated for fixed costs, costs of fixing, or whatever, let's say that they couldn't declare it - Stone and Webster says no, they need to do something else. If you say we get our money back, what we get back is our money, we'd get back debt service money that you had made, your payments would come back because you wouldn't have been obligated to make them, but, if the state had to incur additional expense to fix it, or even additional expense to capitalize the interest for that period, as long as it's under the $350,000,000 cap, you'll wind up paying that. CHARLIE BUSSELL: That is purely an assumption on your part. You'd get back what was court decided, .... it may be all or none of what he said. MALE VOICE: Absolutely right. Well, what I tried to say though, is you'd probably get if back in one hand and you pay it with the other. I absolutely do not believe that you walk away with no payment as a consequence of the delay. MALE VOICE: That's what I mean. If there is a delay, the costs that go on would be added to the project. MALE VOICE: They would be added to the project and you would pay for them over time. What the court might give back to you is the money you paid in that particular month. It might be added get on to the principal amount you paid over time instead ..... RON SAXTON: Other scenarios that let you deal with delay, if you want to deal with delay.... by day .... is one that you could agree - if you delay commercial operation for some period, but that the utilities would make payments monthly for the .... power. The power period before it is commercially operable, and the amount you agree to pay would be an amount of money equal to what your payment obligation would have been, so that the debt will .... and the operating costs covered. That doesn't do anything to reduce costs to the utilities, but it does put on to Dave .... That's not something utilities can unilaterally .... but I think that's what you were asking , basically, there are ways where you can pay the money, service the debt, pay the operating costs, get ...., but not have had the declaration of commercial operation ..... That's only something that would work out if it was negotiated with the Authority .... CHARLIE BUSSELL: I don't believe that, Councilor. I think you'd have to go back to the bond holder, before you .... That commercially operational date is tied to the notification of the bondholders. I think you'd default on the bonds, even if you put the money up, unless you went to the bondholder and got a different date. I think that's clear. Not only is it clear, .... MALE VOICE: It is clear that it is not easy to .... END OF SIDE TWO Bradley Lake Project Management Committee Transcript June 6, 1991 Page 15 Tape 1, Side 3 CHAIRMAN KELLY DAVE HIGHERS DAVE EBERLE little problem. It’s a very short term problem; it’s not like there’s any problem with the budget or anything like that, it’s just that we have to meet that December payment without running all of our other funds into the red so we’1l be proposing ... this is just sort of a preview of what you’re going to see on July 2. We’re probably going to have a couple of recommendations to try to address that problem one of which is to ask that the operating fund be run down to zero..... I’m a little worried about limiting it to 80 megawatts or having a potential out of step problem I assume with loss of unit -.. what ... let’s hit that for a minute. Dave, you’re looking to this group to say okay, there is some risk and this group will have to agree to waive that limit of 80 let’s say it is, and go up to the full test. We’ve talked about this as long ago as maybe a year ago. Dave Eberle is saying test it to 90, test it to 120 if you want during this month that you can play with it; we’ve got enough water to do so. What I think we ought to do is figure out how we get an answer to your question on whether we exceed that limit or not. Dave. I’d like to add something before Dave, sir. The whole situation is the two sides acting honorably and with legitimate concerns that they have. The thing with, and I know Dave’s right, is that we can run 90, 120 megawatts and say it’s there. The things that are not clear and maybe less of the situation with the AEA is that the system is not stable and the damage that could result is to turbines ... very expensive turbines ... and the system will go stable I think, Dave in ’92 when the SVS’ come on? That’s the intent of the SVS is to sort of short out the Kenai transmission Bradley Lake Project Management Committee Transcript June 6, 1991 Page 16 DAVE HIGHERS DAVE EBERLE DAVE HIGHERS CHAIRMAN KELLY DAVE BURLINGAME CHAIRMAN KELLY system so that you could run it all the way to 120. And that would be in ’92 though? That’d be the end of ’92, right. And that’s ... I mean there’s issues there of anyone that’s got generation knows it very expensive machines. Is the TCS essentially saying that the risk is to great beyond 80, Dave? I mean can we get a sense of what that means. Well, I think within the TCS you’ve got to remember there’s only two utilities which are primarily affected by the risk and I guess the thing that I’d request, I think it would be easy for the TCS to develop the testing criteria if you’re going to go above 80. I don’t think that’s a problem. I think the thing that should be kept out of the TCS is any type of risk allocation on the various participants; I don’t think that should be within the TCS. I think the TCS could well define what operating and testing restraints they want the project to be able to perform to be able to satisfy to our general managers that yeah, we think the project is commercially available at 90 megawatts. We believe that. I don’t think that’s a problem getting the TCS to make those definitions; I think there would be a real problem trying to get the TCS to do that if the TCS was also supposed to hammer any type of risk allocation if, while you’re operating above the stability point if something else happened. I think that’s something I believe it would be hard for the TCS to settle. Just as an obvious alternate to that is to spin one up to 45 as we discussed a year ago; spin the other one up to 45 or both of them up to 60 each and then spin them both 40-40 to get a total of 80. There’s an obvious number of combinations there but what I’m hearing from Dave is Bradley Lake Project Management Committee Transcript June 6, 1991 Page 17 DAVE EBERLE CHAIRMAN KELLY DAVE BURLINGAME CHARLIE BUSSELL DAVE BURLINGAME CHARLIE BUSSELL DAVE BURLINGAME that they intend to declare it available at 90 megawatts by some method. Dave is that method that will satisfy you if you can’t get 90 out and using ... load one and then load the other? That’s our plan is loading each unit separately and then load them in combination to the extent that the utilities are willing to take power. So that’s the intent of the Authority. The intent of the Authority is load to 90 and do a load rejection at 90 and our concern with the TCS is you can load individually, load in combination of 80 but then if somebody asks you are you willing ... say you’re general manager if this thing can run at 90, commercially scheduling even though it may have never run at 90, you know, I could say on paper yeah, no problem but in ... based on any type of comfort level I don’t think anybody would say yeah, I think it can go up to 90. It’s purely a theoretical exercise. Rather than trying to say can it run at 90, can you tell us why it wouldn’t run at 90? No, I don’t think we can say that ... It’s a ... Dave said it’s a matter of somebody saying it’s good faith on both parts. It’s good faith on our part ... we’re willing to entertain anybody’s idea of why won’t it run at 90. If you track that out, we’re willing to address that. I don’t know how much more good faith the Authority can put on the table. We/’re saying if you can tell us why it won’t run at 100... I think the only thing we’re trying to deal with is we‘ve all gone through turbine rebuilds and you go through a turbine rebuild and you say okay this thing is good for 90 megawatts and you know, all utilities have done it where Bradley Lake Project Management Committee Transcript June 6, 1991 Page 18 CHAIRMAN KELLY DAVE EBERLE CHAIRMAN KELLY STAN SIECZKOWSKI DAVE BURLINGAME you get to some megawatt level and you can’t think any reason why in the world it won’t go there and all of a sudden it goes there and it trips off line and we don’t know why. It takes a while to go back and figure out why it won’t and fix it and that’s all we’re concerned with is because we’ve all gone through it before. Dave by a combination of spilling and running through one unit of up to 45 for example, you can test your tunnel characteristics? I don’t know enough about this ... Right, we can do testing on the tunnel and it’s all been simulated already and we can compare what we’re getting on actual ... simulation is ... Okay what I’m reading loud and clear from the Authority is that you intend unless you find something that’s haywire, obviously, that your engineer would then not be able to declare it. So your intent is to declare it commercially available for 90 megawatts based on a set of tests you’ve identified. Then what we’ve got to do at the TCS level is that we’re going to have a month to play with it so we’ve got to determine what we’re going to do to satisfy ourselves, operationally, that’s the distinction here ... it’s not really whether we’/re going to be able to convince ... is that accurate? Is that your intent? If that’s the case, Dave, it seems to me that what we ought to do is give to the TCS that job of defining the tests we want to do during that period. Stan does that bump on any other committee or is that or maybe they have to work together with Allocation and Dispatch? I think we should work together with them on this, yes. The only other question, Mike, is that you as soon as the TCS is on level and you’re leaving to the TCS to decide whether to test the unit above 80 and I Bradley Lake Project Management Committee Transcript June 6, 1991 Page 19 CHAIRMAN KELLY TOM STAHR don’t think the TCS really has a problem testing above 80, I mean I know I don’t. If there’s some type of agreement worked out that, you know, I mean, I’m not going to the TCS as a member of Chugach and recommend it above 80 because all of the risk is for Chugach, you know, and that’s, you’re going to get a no from us. I think that until we resolve that issue, the testing will be restricted to below the stability limit of the system. Yeah, I guess that’s the question and I agree with you, I don’t have any problem with that. The risk assessment is going to have to be left up to the owners of the machine and that’s easy, I mean we can probably ask the two owners whether they would want to that otherwise maybe if they intend to declare by methods that they have that really are independent from what we decided to do relative to 90, then I’ve got to determine for my share just for my vote whether I’m comfortable with 80 and run each unit to maximum, well, I’ve got to say my instinct is that I’m probably uncomfortable with that although I don’t have a machine in the game. If we find if can convince Stahr and Highers that 90 is okay, I’m all for that. Well, I think I bought a little more than 90 megawatts, I really do, I think I bought a machine that had spinning reserves, the license application says they build it that way to produce, I know every utility evaluated that machine, evaluated it if it could act in the way a normal machine operates so I mean there’s other things than just 90 megawatts or 25.9 percent that’s worth more than 90 megawatts that I believe I bought in good faith. It wasn’t until well after the contract was signed that we’re find gee, you’ve got to run a turbine in parallel with it and all of that. I don’t want ML&P down the line to have to pay for running that turbine in parallel with it and all these other things. I still believe that is what we bought and that Bradley Lake Project Management Committee Transcript June 6, 1991 Page 20 CHAIRMAN KELLY TOM STAHR CHAIRMAN KELLY TOM STAHR CHAIRMAN KELLY TOM STAHR CHAIRMAN KELLY is what we should get and yet they probably can meet the definition at least for that first part under definition of commercial operation. I’m not certain the can and I think that’s what a good faith, I don’t have any doubt that the don’t think it can’t produce 90 megawatts and I think you can test it ... it’ll probably produce 120 but will it do, will it provide what we, in good faith, believed we bought and I think there is where the serious question comes in. And I think back to not, I just want to take it an issue at a time and I think maybe, Tom, what you’re saying may come under 3? Yeah ‘cause output is more than just kilowatts as far as I’m concerned. Well relative to the output question, if, as long as we develop a regime with staying within the stability limits, what I want to do is send Dave out of here with an assignment related to 90 or 80 of if there’s a question we have a way to resolve it. My instinct is that probably the 80 megawatt is okay and if I hada motion to that affect maybe we can get the thing out on the floor and discuss Tt. I really urge that we wait, we don’t have to 80 or 90 are adequate yet but pretty close. Okay but what task, I want to give him a task that gives him some direction because all we’ll be doing is sitting here looking at each other a month from now if we don’t. I don’t mind giving him direction but I don’t want, I urge this body not to make the decision. They still keep their options as to whether we’re going to test these... You mean like maybe two options, Tom, we can do that. Is that okay? Bradley Lake Project Management Committee Transcript June 6, 1991 Page 21 DAVE BURLINGAME CHAIRMAN KELLY DAVE BURLINGAME CHAIRMAN KELLY TOM STAHR CHAIRMAN KELLY TOM STAHR CHAIRMAN KELLY It would be fine with me. Without objection, the TCS through Dave will be instructed ignore the risk, the acceptance of the risk not ignore the risk, but the acceptance of it, and develop scenarios that has an 80 cap and a 90 cap. Okay. Any objection? Without objection, we/’1l do that. The next issue is related to the output being able to be commercially scheduled and Tom Stahr has just brought up some of his concerns relative to spinning reserves, operation of the turbines, etc. We need to get started on that, Tom, anybody that wants to... Well I think we have to quantify what all we believe we reasonably bought and look at what has to be done to determine whether we’re getting it ... that’s what we’ve got to decide and what we’re going to do about it, I guess then it’s a question of whether we’re going to fight or work out something agreeable. I think it’s serious ... we bought more than just something that’s 90 megawatts ... we didn’t buy, I don’t believe, if I’m wrong just tell me, we sure as hell did not evaluate an energy source. We evaluated energy and capacity sources; we evaluated it just like any other normal generating unit and that means spinning reserve ... that’s a big thing economical to ML&P, we pay a real high price for gas, spinning reserve is very expensive. That’s one of the things I believe I bought in the project is spinning reserves. To speak for myself, I think I know I didn’t buy a combustion turbine in load response ... No, I know that ... I bought a piece of a hydro plant ... Bradley Lake Project Management Committee Transcript June 6, 1991 Page 22 TOM STAHR CHAIRMAN KELLY DAVE HIGHERS CHAIRMAN KELLY DAVE HIGHERS CHAIRMAN KELLY DAVE HIGHERS CHAIRMAN KELLY DAVE HIGHERS But I’ve with other people, I’ve talked to people from Norway, we entertained some the other day. It’s a 100 percent hydro, they don’t seem to have any problems like they don’t have to run diesels or turbines in parallel with them. Okay, is that a situation as far as running the turbine, you’re talking bout the Bernice Lake turbine that you’ve got an obligation to Homer to run for now anyway. Is that an endless obligation or ends with Bradley in that order or what. I’ve never run .... Well, no the agreement was until Bradley was up ... I didn’t say this but I like these words commercially available ... That’s how it is in the agreement. Yes. So essentially ... There’s not really, I mean that was a verbal commitment we’ve left on, we stayed on all along. We have an agreement that we’d have a turbine down there until Bradley comes on but the assumption back when that was all done was a little like Tom’s saying was that Bradley was kind of a euphoric thing that we all wanted and there was not going to be a need for anything ... it was going to be spinning reserve capacity and the whole thing and that, we started discovering more about stability and everything else was done. That really had to do with voltage stabilization on the Kenai. So now if the second transmission ran just so I can understand all of this, if the second transmission line were in and Bradley was on-line, is the Bernice Lake turbine required? We don’t ... Bradley Lake Project Management Committee Transcript June 6, 1991 Page 23 DAVE BURLINGAME CHAIRMAN KELLY TOM STAHR CHAIRMAN KELLY TOM STAHR CHAIRMAN KELLY TOM STAHR DAVE BURLINGAME CHAIRMAN KELLY DAVE BURLINGAME TOM STAHR I can clarify that. The Bernice Lake turbine is only required due to the absence of the second line. Okay the question then becomes if the line is in, Tom, that solves that part of your problem or your question. My concern with the turbine, I’1l be very pragmatic with you is surely, I mean I don’t think we ever signed up to pay for spinning another turbine ... Is this another one or the same one? In order to get our energy and capacity and that includes spinning reserve out of the Bradley Lake project and I don’t know how it could be played out ... maybe Norm’s quite happy with the bill ... You say another turbine, you mean continue to spin the one, one is now required .... I don’t know whatever it is ... Maybe this needs some clarification. The Bernice Lake turbine is not required with the operation of Bradley. The Bernice Lake turbine is only required to expand the operating limits of Bradley, that’s eee Beyond the, okay, let me ask it real simple. If you loaded it just the ability to get the energy out of it which is 45, 50, 60, do you then have to operate the turbine on the peninsula? It depends on the winter loads, you’11 probably have to in the winter based on the criteria. Basically the gas turbine on the Kenai only expands the operating range of Bradley especially during the interim here ... Dave, I don’t, I’m trying to understand, can we get, we I mean collectively, we and the other purchasers get both our Bradley Lake Project Management Committee Transcript June 6, 1991 Page 24 DAVE BURLINGAME TOM STAHR CHAIRMAN KELLY DAVE EBERLE UNKNOWN DAVE EBERLE CHAIRMAN KELLY energy and capacity out of Bradley without spinning that turbine? You can get the capacity after the SVS installations are done ... you can get your energy right now ... it’s just that the way you us da have to take that energy is not the way your utility requested that energy. Bradley Lake right now has an operating window that’s fairly restricted. With the gas turbine, that operating window gets very large and that’s really the ... This is oversimplification but until the SVS is in, we cannot necessarily get what we purchased without spinning a turbine. Okay let’s ask a question. Is that AEA’s problem? Or is that our problem? I mean I’m not asking you I just happened to be looking at you ... I’1l gladly answer that ... I can guess what you’re going to say ... I mean you look at that power sales agreement it describes the project. Now I’d like to see anybody tell me where in that the power sales agreement or where in that description of the project all these great expectations have been laid because I don’t think Tom Stahr right now could tell me what his expectations are and I don’t think anybody else here can tell me what they are ... in fact when we tried to design this thing and during the planning stages, we couldn’t get anybody to tell us how they wanted it to operate and you can’t to this day so I’ve gota real problem with Tom sitting over there saying this isn’t what I signed up to buy. What we were building was well known .... It’s a wise idea to talk in here even though it’s a tough subject, it’s a heck of lot better here than between two attorneys so let’s just hang in there and arm wrestle all we need to here because Bradley Lake Project Management Committee Transcript June 6, Page 25 1991 that’s a lot more productive than if they grab an AG and we grab an attorney and we start fighting like heck ... I’1l tell you I guarantee none of us will come out where we want to be .... I urge everybody to hang in here. What I expected, as this thing as unfolded, Tom and I are the only players from the beginning, not a one left but he and I and we don’t necessarily agree on these issues but we are the original cats and I occasionally accuse him of short-term memory loss because he’s getting to be an but never long-term, so what I think we agreed to get is this: We were ata meeting where we had to give up the interties being tied like this to the project. I was in that room; Tom and I were two of the guys that went out in the hall and thought it was a horrible thing to separate the interties from this deal. We were over a barrel, everyone reluctantly agreed and I don’t think it was unanimous or cozy or anything else. What I knew on that day and then I’m not a southern utility so I’m not pretending to know as much about the southern system as Tom by any means, but I thought that I was getting less than I wanted because of an intertie problem not because of a turbine problem. I’m just speaking strictly from my feelings about this. As we went forward, the Energy Authority, and I thought it was a fairly, it was move that maybe they didn’t have to make, was the Authority, without going back to the Legislature or anybody else agreed to help the southern system with these SVS but they won’t be on-line in time. My feeling is that if we can’t commercially schedule 90 megawatts anytime during 8,760 a year, that does not shatter my expectations. I did not expect to be able to do that until after the SVS’ are in and actually, did not expect perfect operation of Bradley until the second intertie is in. But what I did expect was I would get every stinking kilowatt hour out of there by some manipulation of lower generator output levels or whatever. That’s my honest assessment of Bradley Lake Project Management Committee Transcript June 6, 1991 Page 26 TOM STAHR CHAIRMAN KELLY hundreds of hours of sitting in meetings and negotiating so when I approach it at this point in time, and I’m not as familiar with that #3 as maybe Dave and Gene and people like that are as far as scheduling goes, but those were my expectations and Tom you’ve got to kind of tell us what you think. I realize the lack of having an intertie does limit what we can ... I don’t care if its 80 or 90, but I’11 go back to spinning reserve as one. We pay a lot of money for spinning reserve despite what Allen Mitchell says ... I still believe and it’s pretty expensive to market and I have suspected all along that Bradley Lake could be used to supply that whatever our capacity of that taking into account certain transmission lines limitations, we could use that as spinning reserve. Now maybe we still can, that’s one of the things I think the TCS should look at. If we can’t I certainly then feel I do have a real reliance problem here because I think that’s a valuable, damn near as valuable as the energy itself. The capacity itself for kilowatt for kilowatt sakes for ML&P does not make a heck of a lot of difference for quite a while. But capacity for the sake of the spinning reserves what we have to burn fuel at a computed rate of 5 to 7,000 BTus for kilowatt hour for spinning reserves is almost as valuable as energy and I expected from the beginning to get it; I’ve always expected to get it and as I say, even the license application the Power Authority prepared implies that we’re going to get it. Now if we’re getting it, fine and I’1ll shut up. The TCS says that fine but I don’t want Dave to come back in six months to a year and say gee you’re really not getting it from Bradley you’re stealing it from me and you can’t have it .... Response to that, Dave, as far as, again, let me ask one distinct, distinguishing question, Tom. You are speaking of this Bradley Lake Project Management Committee Transcript June 6, 1991 Page 27 TOM STAHR CHAIRMAN KELLY DAVE BURLINGAME CHAIRMAN KELLY DAVE BURLINGAME CHAIRMAN KELLY expectation as it relates to a post SVS and intertie scenario or three or both or ceee I’m expecting that part of commercial operation is being able to schedule that output and part of the output is spinning reserves. Do we have that ... after, assuming an intertie, and assuming an SVS system in place, do we have the ability to get what it is that Tom is saying he expected? Well, the intertie and SVS’s have little to do with spinning reserve ... Response of the turbine. Right. The TCS has yet to determine the value of how much spinning reserve is available from Bradley Lake during normal operation of gas turbines so ... I think they did some preliminary ... Saleem at PTI did some preliminary stuff when he was working for the Power Authority or us or somebody, I don’t know, and said that Bradley was good for somewhere between 20 and 30 megawatts of spinning reserve by itself and that by utilizing the peaking of turbine, Bradley was essentially able to contribute up to its 120 megawatt capacity for spinning reserve, again, that upper limit would be limited by transmission constraints. The other issue I think is mingled in here is the minimum operating level is , I think everybody including Golden Valley of all of the energy allocations requested from Bradley Lake since I’ve been connected with it, it was always assumed Bradley Lake at some minimum level at 10 or 15 or 20 megawatts, in fact, during a lot of the summer, Golden Valley was the only one scheduling 10 megawatts or something which is not a possible operating scenario without a gas turbine. That has not been defined by the TCS but we/1l probably follow-up on it ... Is that pre- or post-SVS intertie. Bradley Lake Project Management Committee Transcript June 6, 1991 Page 28 DAVE BURLINGAME TOM STAHR DAVE BURLINGAME TOM STAHR DAVE BURLINGAME CHAIRMAN KELLY DAVE BURLINGAME The SVS’s don’t make any difference just ... the intertie would eliminate that restriction on the ... does that answer ee ee I’m not even terribly familiar with the minimum output .... I don’t think you were here at the last PMC ... Right, I missed some of that and I/11 admit ... it’s another restriction that I did not ... Besides restriction in the interim, in the interim, the restriction will be on the maximum case which everyone is focusing on prior to the installation of SVS’s. After the installation of SVS’s, that maximum restriction essentially goes away. The SVS’s will allow the project to be scheduled at 120 megawatts during the worst case. The minimum operating restriction will not go away for the life of the project until the second tie line is built. Just slipping real quickly to the gas turbine peaking mode for Bradley, that question that was brought up by Bob Hufman at the last meeting that he essentially felt that it had been left hanging - have we investigated it, yes we had. Have the owners consented to the peaking mode? I don’t know if they, the utilities made a formal presentation. I think it was left that ... the way it was left with TCS is the TCS will establish how much spinning reserve is available to the system should that spinning reserve be from Bradley Lake. Should that spinning reserve displace spinning reserve which is acquired through the peaking mode of gas turbines, it was up to each individual utility to assess whether or not they want to do that or whether through this, through some peaking period Bradley Lake Project Management Committee Transcript June 6, 1991 Page 29 CHAIRMAN KELLY DAVE BURLINGAME CHAIRMAN KELLY TOM STAHR HANK NIKKELS they want to start another gas turbine themselves to supply spinning reserve, that was left to each individual utility. I think Chugach decided we were interested in peaking reserve for at least some of the units. Peaking mode fOr, sac Peaking mode and that occurs for 3 minutes or 1 1/2 minutes ... About a 1 1/2 minute ... you can ramp all the way up ... Tom is that the problem for you guys? We’d pretty well determine when we’re running but that’s only the winter months --- it’s not a big preblem ... I defer to Hank here, I think in general it’s not a problem so long as we aren’t up against so many other restrictions and limitations that we really can’t count on it very much, I believe the question is you know, if help is on the way real fast, just as fast as Bradley can respond, then that’s, that response, but limitation ... I owe this committee a report because the Machine Reading Committee met and discussed this ... Olsen and Abeck and that was six months ago and it’s still on my desk, but to summarize many of the machines on the system there have been restrictions placed by the owners. The machines have not been tested in the peak mode; it is an option but the costs for doing that, PTI indicates it’s a simple throw-the-switch thing, it’s not. It requires effort, it requires testing and it goes from one utility being willing to do it to I believe to Golden Valley not believed to do that ... and BRADLEY LAKE PMC MEETING June 6, 1991 SIDE 4 MIKE KELLY: .... Nor are the expectations addressed by the PTI report. We felt the PTI report was complete in terms of generator and voltage response. It is still somewhat lacking in terms of an understanding of governor response. It made some generalizations that really were not true. MALE VOICE: Mike, when you say you kicked it around up there, is that the position of Golden Valley? MIKE KELLY: Well, I can't honestly say that, Dave, because I know there was some concern and then, as I understood it, that concern was less and it looked like, if everybody was going to bite the bullet and do it, that we'd probably be able to do it. But, we're probably right back where Huffman asked the question - it's just kind of a hanging thing again. I think that it is critical to this decision in that the only thing that helps the minute and a half response or the help is on the way thing is if we can somehow go into over boost for a second on these turbines. If that works, and can be swallowed, then it solves that, but... MALE VOICE: I'd like to make an editorial comment, if I may. I think probably we'll do it, we have no choice to it. But I don't think it's something in good design that we have to do. MALE VOICE: .... Clarify that. The TCS was going to set the level of Bradley Lake's spinning reserves that can be counted on. What the utilities, without peaking .... So if the utilities opt not to peak, that's their choice, it's not a problem. But that just means they can't count on any more of their spinning reserve allocation from Bradley then what it said by the TCS for that level. They would in turn have to waive that risk of going to peaking mode versus the risk of starting the turbines and paying their own spinning reserves by .... turbines. Each utility needs to weigh the risk of starting the turbine versus going to peaking. MALE VOICE: With a minute and a half response, how do you start a turbine? MALE VOICE: You would have to have your turbine on line and running during that period of time when - you'd have to spin a turbine - even if you were going over the peak load, where you'd only need maybe to put your turbine in peak for four hours a day, you would have to start your turbine four hours a day to determine the base load. I just want to make sure that everybody understands that. The option of not going to peaking is starting another turbine. MALE VOICE: I expect that ML&P will probably be doing what Chugach does. We'll be going through all those ... expenses. .... to know yet, to know whether we are getting what we bought, or not. Maybe if all that works out and we get enough ..., spin, then we don't have a problem. It's not ML&P's problem, it's Homer's problem, if the damned thing can't carry a normal load by itself. MALE VOICE: Let me ask your question to Ron. Again, I think we can dodge this off at any time. I think that it is only in this room, with all the players, that we're going to get through some of these things. I think a follow-on question we need to ask you - Is the operation of Bradley, as far as the utilities are concerned, no, is the responsibility ... of AEA. as far as the transmission line and the SVS timing thing, something that we have the contractual right to hold their feet to the fire on ... MALE VOICE: If we can't something that we could otherwise with the SVS in, that they intend to pay for, or the transmission line which we keep fighting for, are they to be held responsible and is that a number three thing that we can tell them - no, we're not going to pay because we can't do this? TOM STAHR: These are not yes and no answers. Let me read you the definitions, they're all tied together .... What you buy - the Authority sells to each purchaser that purchasers percentage share of project capacity together with associated energy from the project. That's what you all buy. Actual delivery, if any, of electricity and electric capacity, and associated energy purchases from the project shall be made ... scheduling. So what you've bought is project capacity together with associated energy. MALE VOICE: Tom, before you switch from there. Does the Bradley junction location have anything to do with that? TOM STAHR: Yes, that's the delivery point, Dave. What they have to do is deliver it to the delivery point, which is Bradley Junction. What you've bought is project capacity, together with associated energy, to be delivered to Bradley Junction. So then you turn to the definition of project capacity - project capacity means the amount of electric capacity capable of being produced by the project at any time, and all times, at any and all times, from the date of commercial operation until the termination of this agreement under the operating conditions that exist during said times, including periods when the project may not be operating, or inoperable, or the operation has been suspended or interrupted, ...., abused or curtailed. In each case, or for any reason whatsoever, after .... So, on an ongoing basis, what you bought, is whatever capacity the project .... be it a lot or be it none. The focus comes back to the date of commercial operation as the sole date on which you may have some difference in expectations. leading to that date. Three years from commercial operation and the project produces no capacity and no energy and .... but that make the date of commercial operation the whole focal point - that date - you have to have the confidence that you've got what you bought. If the engineer's reasonable in declaring "here it is, it's what you bought" you've got risk after that. On that date, you have the question of ‘can the output be commercially scheduled?’ That output is, the output the project is designed or reasonably expected to produce. Whether or not that is 90 megawatts all the time it can be scheduled or not. You can make an argument - yes. Whether it is just that it is commercially scheduling whatever happens to the unit, even if that be zero. I imagine the Authority .... that argument. All you have here is a definition of what you bought, and on a day, an engineer has to say to say ‘it's all there today’. MALE VOICE: Now, if we challenge that, who do we challenge? The engineer? MALE VOICE: Yes. The lawsuit, if the engineers declares the thing to be commercially operable, you must start making the payments, and your choice is to sue. The theory of the law suit is that the engineer has not been reasonable, it is not a reasonable declaration. Whatever happens after that .... whatever they want. .... was the engineer reasonable in making a declaration. You go back to Tom's question on ... if output can't be scheduled does require, it should provide some reasonable definition of what the output is .... TOM STAHR: Well, I bought 25.9% of 90 megawatts, or something like that. By my way of reckoning, if I've taken, if the project's running, I realize, running time and all this stuff. ... 1 megawatt - I've got 24 some megawatts to spin. That I would like to commercially schedule from Day 1. Schedule it just like I schedule spins from our unit number 4, 5, or other unit ..... To keep my commitment to the intertie spin requirement, I don't have to burn fuel. I can schedule Bradley Lake. Now if, in the undetermined yes, that's what we can get at Bradley Junction, not at Anchorage, then I have no problems saying we got what we bought. But, if there's a determination that we can't get that at Bradley Junction, I think we haven't got what we paid for and that potential lawsuit may become a reality. MALE VOICE: Ken, that is a response situation, so that if it takes it a minute and a half to respond now, and they determine that it is not responsive enough, then what your point is, is that it has to be made more Tesponsive ... TOM STAHR: I don't say that they are responsive enough, as far as the spin reserve requirements, the flow .... the Alaska interties, the committee, and so on, and determines, and they think that minute and a half is great for spin and .... I don't have a bit of problem with it. But if they are going to say no, that's really not it, you've got to do this, or you've got to do that. Then, that's another matter now. If we've got to do what Hank talks about, and start to get, you're talking about .... expensive, that I don't know, we may be looking with our hand out too. I just, all I want is what I think we bought and I think what those words say we bought. It's not going to be my weird thinking on what constitutes spin or not. That'll be a proper committee, out of the Intertie Committee, that is working on that. But I want to say, I want to get that! I'm paying for it! MALE VOICE: If I could predict .... the lawsuit. The lawsuit was going to be one of engineers. It is going to be one group of engineers saying what is reasonable to expect from this kind of project and another group of engineers differing with that. That's probably what's going to happen. MALE VOICE: Let me cut one more path here real quick, Dave. Just to distinguish again, a little further. You did not expect not to pay if you didn't get your SVS and intertie coincident with Bradley. That was not your expectation. You knew you weren't going to get them, so did I. That was OK with you, not OK, but that's not what we're talking about. TOM STARR: That's not what I'm arguing about. I'm arguing about can Bradley Lake itself, at Bradley Junction, do what I believe we bought, or not? MALE VOICE: OK. That's helpful, because what it will produce, Dave's saying, is Bradley Junction, all things being equal, somebody could take, and he's going to show, that it will demonstrate 90 megawatts. MALE VOICE: Oh, I don't doubt that. MALE VOICE: And you didn't expect that you were guaranteed a transmission line and SVS, and neither did any of us. TOM STAHR: No. MALE VOICE: So the question really becomes, then, is the ability to schedule, your percentage as full spinning reserves, as you would out of any of your other generators? TOM STAHR: Right. That is the issue that I am concerned about. Some of the other utilities ought to be concerned with more issues, but that's all that bothers me. MALE VOICE: Two things. Where in the world does the turbine response of this thing, of this beast, fit with other hydros that are out there. I don't know. DAVEEBERLE: All hydros are different. You get back to the basic definition of what the project is in the power sales agreement and the design that was before everybody, before that power sales agreement was there. It had a 90 second response time. It's not going to respond like a gas turbine. With Tim Stahr sitting over there saying that I'm going to use 1 megawatt of power and I want the other 24 megawatts available as spinning reserve is absurd. It's impossible with that 90 second time. That 90 second time was on the table before the power sales agreement was signed. I've got a real problem here saying he's not getting what he wanted or what he thought he bought. If he didn't do his homework to find out what he was buying, that's not our problem. I don't see where we mislead anybody. If somebody can show me that, that's fine. Then maybe we're on the hook, but I don't see that as being real. To expect it to act like a gas turbine is absurd. It's not a gas turbine. It's had a 90 second response time for 5 or 6 years. TOM STAHR: I'm not worried about a gas turbine, I'd like to see Eklutna - that we could use that for spinning reserves. DAVEEBERLE: What's its response? I just curious. TOM STAHR: I don't really know. I could find out. Stan, do you know? STAN SIECZKOWSKI: Gates were set up to operate from 0 to 100% in 8 seconds. Response to that, I doubt would exceed that, or at all. .... it's a different type of .... TOM STAHR: But, I mean, ... reserves... in fact I mean, hell, survived any of these major earthquakes. The Southcentral and Railbelt both crashes, so obviously it works, real good. DAVEEBERLE: Well, let me ask you a question. Does anybody here know this wasn't a Pelton tubine at the time they signed this power sales agreement? Does anybody know it had a three and one-half mile tunnel? Did anybody know there was not a surge tank? I mean, all this stuff was known. To sit here and say that .... TOM STAHR: You picked that type of turbine in order to .... reserves, or something to that effect. DAVEEBERLE: So you didn't evaluate what you were getting, is what you are saying. TOM STARR: Well I don't think, I think there is a chance we may not be getting what we bought. I know what you're saying. But I don't think anybody evaluated it, I don't think any utility that evaluated that, evaluated it as an energy source. I think each and every utility around this table evaluated it as just another run of the mill generating unit. .... built to serve load. Should be able to serve load. MALE VOICE: Let's take about a three minute break here and get our chow and then come back to the table because some people have a 1:00PM BREAK MALE VOICE: To kind of recap where I think we have progressed is that I'm not hearing anybody in the room say that they have a doubt, unless something comes up, that 90 megawatts will be attained by this thing, can be demonstrated, without the absolute requirement of having the SVS and the transmission installed. Is there anybody that has a problem with that? As Tom said, it still has to do its trick - it has to do its job. The second thing, I think, as far as scheduling the output, that the problem there goes away when the SVS - I mean, we can get our energy out of this thing in the interim period and we knew were going to have some constraints in the interim period and that does not effect the declaration of the date of commercial operation. I think we've agreed on that. Which brings us down to the final issue of being able to count on kilowatt for kilowatt spinning reserves. Dave, is there some work that your committee needs to do? How close are you to finishing up and being able to tell us what percentage or what number of megawatts out of there we can count on as spinning reserves? DAVEEBERLE: I think we've probably got two or three weeks. .... 20 to 30 megawatts. MALE VOICE: I would expect that somewhere in the 20 to 30 megawatt range, based on the baseload. MALE VOICE: Tom, you're saying that your expectation is 90? TOM STAHR: Yes. I don't see what is any different than any other, what I call 'normal power plant’. I don't care if it's a normal hydro plant. Take any number in the Pacific Northwest, something like that. Eklutna's a perfectly good example. I think that's what we should - I believe that's how we all evaluated it and I think that's what .... Maybe if we studied enough and looked enough. I'll be honest, Mr. Eberle, I never conceived in my wildest imagination that we would go to project and couldn't do that. A lot of places they don't. And I think this is an important issue, because one, it has to do with some money. I mean, it's not inconceivable to my way of thinking that some further changes might have to be made to the project. Maybe if we have the SVS and do this peak load thing and all of that, we can form enough of a crutch for Bradley Lake to lean on. At this point, I don't think we should rule out the possibility. The hypothetical possibility. Might have to go back there and do something different MALE VOICE: Charlie, as far as holding on to that money, they didn't give us money for the trees and we .... continue to do so. BRENT PETRIE: We do intend to hold on to the money until late next year when the project is complete. The other thing is, there's a lock on that money .... and the resolution, it's not even setting at a place where the legislature can get at it. MALE VOICE: I'm glad to hear that. .... like intertie money .... very well spent money. MALE VOICE: Mr. Chairman, I have a question for Brent. Would that be after SVS is on .... to hold on to the money until that time? BRENT PETRIE: Yes. The earliest that we could release any money with bond indenture is December, 1992. MALE VOICE: I think that we need, each utility is going to need to respond relative to this peak ... thing, turbines, which is obviously an attempt to get some megawatts into the system while help is on the way. But I think we're right back to really a surge tank issue. I'm going to just go around the room and ask - from your utilities standpoint, knowing what we've narrowed this down to, what do you expect? MALE VOICE: Well, I think we'll be on the receiving end of whatever happens, .... either one of two ways - we'll be going because there is a failure in the system someplace or we'll fail and rates will reflect the wholesale power from Chugach, the additional cost of ...., so we looked at it basically an additional source of power out in the .... piece of it so we would be able to utilize it in some way or other. ... that's exactly where we stand on it. MALE VOICE: Well, I'd said before that we have some, .... I understand what Tom is saying, but I also .... think that what he said, is that we need ... is not a gas turbine. I don't think, .... to me we're in an unknown area, but Tom is also right in the sense that whenever the feasibility thing was done, that presumption, whether right or wrong, that there was spin there. What my inclination, personally, is to say that I don't see it as litigable issue. But, like everybody else in a sense in that I have a board to report to and that's going to be their decision as to what they think. I brought these up at the last meeting and I had one board member about blow a fuse. They thought that they were going to be paying for this spin, so I don't know. I have my own personal views, but that's going to have to be made by my board. MALE VOICE: I think the one thing Seward looked at was another reliable source of power on the Kenai so they'd have a little more comfort there and we recognized that there would be some cost differential. But this additional cost of spinning is going to have an impact. TOM STAHR: I guess we'd didn't really consider that we were buying a another gas turbine, with all the characteristics of a gas turbine, down there, but we do expect that the 90 megawatts - there to be able to operate in a stable manner, and I don't think that is going to happen until the SVS's are installed and/or another intertie system. It's not Chugach's position that the addition of another generating resource could put our system, our wholesale customer system unstable. That's a big concern of ours. MALE VOICE: I'd rather defer to members of the PMC here. MALE VOICE: Well Mike, you know what our concerns are. I wrote you a letter on it the other day. It would appear to me that going into this, everyone knew it was a hydro facility, not a gas turbine, but it also appears, from what I can gather, getting involved late, that there also continued to be more concern surface as it went on. I guess to go back to what Ken said, we're in somewhat of unknown territory. Homer Electric's concern is well, number one, we feel we're going to out of what was probably anticipated, but our big concern is that this is accomplished without adverse effect to our system. We're enjoying a level of service at this time, and we're going to insist that we continue to enjoy that same level of service after Bradley is on, and not feel that it incumbant upon us or our wholesale supplier to suffer the expenses of maintaining level of service because Bradley's project happens to be located on the far end of the system, square in the middle of our service area. Whether that is a total PMC problem or a combination of AEA and PMC working that out, we feel like that's what needs to take place and we'll be supporting a push for that to happen. During the interim period of operations and then at some point it's going to have to be viewed again with the ... SVS's. MALE VOICE: I think I kind of already stated what my thoughts were on it. I guess the question then becomes one of - if the unit cranks out 90 megs, in other words, if the Power Authority goes ahead, with a reasonable determination of 90 megawatts being available, they're not going to get a challenge that - well it couldn't commercial until the SVS and the power line was built, or the responsiveness of the unit is in question. I guess the thing that I feel relative to our individual bond ratings, the ability to finance, that we should not lightly, either anyone of us or all of us, enter into any legal challenge of this thing without a lot of consideration. I for one, don't want the utilities to end up in a situation relative to the bond community, where we appear to be people that you ought not deal with. We brought the surge tank to the table a year ago. This is one way, ..... get better response. The surge tank issue came up and was dealt with and was put down. MALE VOICE: Do you recall what was the improvement on that, I was trying to recall. It didn't do much as I recall. MALE VOICE: Does anybody know? MALE VOICE: The surge tank gave us all but .... tunnel, the surge tank was expended and then you actually had a turbine respond very fast and a very fast increase but then you actually had a power reduction because of the time it took to refill the tunnel, so that the net effect was that it was deemed not a net benefit, I guess, by the TCS. DAVEEBERLE: Dammit. We brought the surge tank to the table. We put it to bed. LeResche was sitting. The other, the issue, as I see it, if we're going to fight on this thing, we would identify that the response is not acceptable and we'd fight and we'd end up in a lawsuit with the utility. TOM STAHR: If I fight on it, I'm not going to fight it on response. I'm going to fight on the issue that you cannot commercially schedule the output of the unit because capacity is a part of the output of the unit. And that goes back to what this committee says - if the spin, if you get the spinning reserves, however we do it, the the capacity of the unit can be commercially scheduled. If we can't get that spin, then the capacity of the unit cannot be commercially scheduled. That is the issue. I don't particularly care ... the surge tank. They had a lot of design decisions they made during part of this project; they said they made their design decisions to enhance spin - I question that, but that's what they said, and I think that in the official license application and I think we had every reason to rely upon it. So I wouldn't do it lightly, but I don't want you to, you can decide and the committee can vote as it likes, but I'm telling you that I intend to get what I believe we bought out of this project. I think it's a reasonable expectation. MALE VOICE: Just a comment. According to Dave, that 90 second response time was up there in front of everybody and it must have been or you wouldn't have discussed the surge tank to begin with, to try to hasten that response time. So it's been in front of us, just, I haven't been involved in this process, but appears to me that this is coming pretty damn late in the game and resolution should have been done a long time ago. This thing has to move ahead and it would be a crying shame, in my estimation, if we stub our toes on this son of a bitch, and get into a big donnybrooke when we're ready to go commercial within a relatively short period of time. But again, I haven't been involved in the process and this is just what I hear. MALE VOICE: Maybe, in terms of expectation, we need to go one step further, and really, and this was addressed earlier and then backed off, this goes way back to the original intertie when we established ... spinning reserve... There was a great misunderstanding at the time. I think we resolved it, at least on an operational basis. Does spinning reserve mean you do not have load shed, first stage load shed on the loss of the machine? And in practice, I don't care whether it is 90 second response or not, you will probably, in loss of a major machine, end up with load shed. We have never, because of load shedding, ever denied any other machine reserve status. The governors in our system respond at many different levels and we have never considered that as a factor. ... considering spinning reserves. Why should we do it for this machine? If you accept load shedding as the ability to restore rapidly, a lot of the problem goes away. MALE VOICE: That is almost like having ..... spinning reserve. If that's all it takes, then we probably have a very small problem here. MALE VOICE: I don't think so. MALE VOICE: Who set the spinning reserves. MALE VOICE: The utilities set the spinning reserve. And as far as ... there is another, it's part of the IOC. The IOC is apparently going through a load shedding study right now and in the load shedding study, the preliminaries all indicate that the load shedding schedules will most likely be adjusted to prevent load shedding for the loss of any major unit if that unit does not go off on a large amount or an excessive amount of reverse power. The spinning reserve levels for Bradley were set, the ... level for Bradley, which was set by the committee of the utilities, said that Bradley Lake spin reserves cannot deter or detract from the spinning reserve that would be available from the system as a whole without Bradley. MALE VOICE: Were those set back in 1985? MALE VOICE: Those are set right now. So when Bradley design .... signed the agreements in 1987 or whenever we did it, those were not the rules? MALE VOICE: Well I think everybody need to remember, when everybody signed the agreements, as far as I know, there were not any studies done on the Railbelt system. The Railbelt system was modeled from .... South. MALE VOICE: Exactly what I'm getting at. I think after listening to all the discussion, we're going to get Bradley, the way Bradley is. That's the way it's coming at us. I don't care what we do. We're going to get it the way it is or we're going to fight. If we fight, the potential for losing is extremely high. Recognizing that, I think as the reality, then in recognizing that Bradley was a resource committed to before the system studies were done, all I'm saying is, perhaps following on what Hank's point was, perhaps what we do is we recognize that we bought Bradley the way it is and enter it into the system and make a declaration relative to it and if it isn't 100%, then declare it at some lesser number but be well aware of what we're doing. I think that you may be right - that's more of a political decision, Dave, than it is a technical exercise. MALE VOICE: So far as the load shed? MALE VOICE: Yes. MALE VOICE: It's a political decision. ... to make the addition of Bradley not track on the system response. That is how Bradley Lake spinning teserve levels will be set. TOM STAHR: There are funds that are going to be encumbered for a year? MALE VOICE: Until the SVS. MALE VOICE: December 1992. TOM STAHR: But the problem you have - once you declare commercial on channeling ... the changes to that project after that point are 100% on the purchasers. MALE VOICE: Is there any possibility of some kind of agreement that even if it is declared commercial, if there are problems that arise during the operation for a specified period of time, that the Authority would consider that as a project cost ...? Because we're limited in so many way about what we can tell, about what we know. CHARLIE BUSSELL: I think that's a good statement, and I think the Authority's position would be that it could be technically operational without being complete and if something like that occurred, that's what we'd recognize and we'd want to go back and look at it and fix it. The State is not, although we're not standing up here for everyone of you to take a shot at as .... concrete and saying you can't shoot at us anymore. But we want that thing to operate more than you. We want those power lines to be built as much or more than you do. We want to a good Southeastern Alaska intertie as much or more than you do. Quite frankly, the Governor that's elected right now is different than any other we've had in the last 12 years and I think in the next, at least several years, that he's going to be easier to work with, that these kinds of matters, and he's not going to let us ... MALE VOICE: Any individual, as Tom has gone through your concerns, naturally free the utility in a participant to do anything that they want to do relative to the commercial operation declaration. As Tom says, if you decide to do something .... but at this point, with what I know, I am prepared as a utility to understand that 90 megawatts may be demonstrated without actually putting 90 megawatts into the system. I've accepted that. That the SVS won't be on-line before the damn thing is declared commercial, and I've known that for a long time. That there will be no transmission lines on-line before this thing is declared commercial, and I've known that for a long time. And that this governor has a minute and a half response, and I've known that for a long time. And there is nothing we can do, at this point, reasonably, about any of those things, unless we decide to oppose the commercial operation. At this point in time, I think we've heard Tom's concerns, we've narrowed the issues down where we don't have a problem as a group. But the 90 megawatts, that's probably going to happen, or with the transmission line or SVS, they're going to be late. But the response thing is what is cropping up here and the AEA is not offering to put in whatever it would take to correct that, at this point in time, and that's where we're at. TOM STAHR: Well wait a minute. Part of this I got lost on. My suggestion there, and Charlie's response to that, did that just drift away? MALE VOICE: It sounded like a good faith statement to me. It didn't sound like he agreed to .... TOM STAHR: I didn't say he agreed. I said my statement and Charlie's statement, and then what you came on saying is that you accepted everything and therefore we are where we are. I think what we were talking about is worth exploring, and I thought that's what Charlie thinks. MALE VOICE: To do what? So we're specific - to do what? I'm talking about that if it is declared commercially available, that for an agreed period of time, that the Bradley system will not operate or will not be stable or will cause problems. That if it is something that can be fixed, that . encumber funds, whatever, that the Authority would agree to go back in and to do that. And I think what Charlie said was, is that it could be commercially operable, but not CHARLIE BUSSELL: We might be willing to talk about a project that was commercially operable but maybe not finished but if you thought ... an issue, that the dam literally couldn't meet that, if it was something indefensible on our part, if it was a design flaw and clearly out there - then we'd have to look at it. MALE VOICE: But you're talking about after your declaration of commercial operation. CHARLIE BUSSELL: After our declaration. TOM STAHR: What I would like to suggest is that some sort of limited, restricted commercial operation - I think we've agreed we're not going to withhold the bond payment on this .... I certainly have no problem going ahead and making the bond payments. What I don't to do, I want some legal relief from this thing that it's all on our nickel, I understand your good faith, but I'm talking about some legal situation where we do have a period of time, maybe until we get the SVS's in, before you have to release the money, so we know the other things are right, and we still can go back on a 50-50 thing. Something like that, then there's certainly no reason to talk litigation. But I'm afraid that if we can't get some middle of the road position like that, we may have to institute litigation just to defend ourselves. MALE VOICE: Dave, he's responding to your point, after he declares it commercial. Tom's asking for the thing we've all talked about, which is some middle ground, which is what you were asking for, that I didn't hear you say yes to. Could we clarify that? CHARLIE BUSSELL: I think the bond declaration speaks to the specific issues that I don't think we can avoid. We can't declare a partial operation of the facility. Can we do that? MALE VOICE: No. CHARLIE BUSSELL: If we curtailed that in any way, with any kind of a separate agreement, we'd have to go back to the bond holder. It's that simple. TOM STAHR: I would like to have that point of issue researched a little bit. CHARLIE BUSSELL: We did that. You've got the papers. It's not a new issue. MALE VOICE: Just for a clarification of what I heard Mr. Bussell say, was that if there was a flaw or there was a problem with the design of the project, and that I think probably everybody feels is probably not going to happen. But, that's one step. The next step is, concerns me, is the fact that the AEA did go out farther, early out and indicate that they wanted to put some funds toward an SVS, try to fix the problem that was perceived at that time to be a stability problem. If the project was considered commercial, which is what Dave indicated, go ahead and allow it to go, not Tesist that, in fact to support that - allow it to go commercial. There is encumbered funds that have to remain there. Can we get support, agreement from AEA, that those funds would be utilized if necessary to solve the problems that at this point may not be known? We assume we've got warranty problems. We've got warranty coverage. We've got omissions and errors coverage as far as design. But I'm talking about solving the problem of stability down the road. Between now and SVS and maybe after SVS. MALE VOICE: Is that essentially what you were saying? In other words - declare commercial operation - not object to that. TOM STAHR: Well I'm assuming from what we've heard here, and I'm agreeing with you on this, that declaring commercial operation is practically a given, regardless of what ... but, I'll say, if there are design flaws, if there's any of this system that is not too - give us time, give us some operating time, give the dam operating time, and we have some funds there that we've agreed to pay back anyhow, we could use some of that to do this. DAVEEBERLE: There are two different concepts here and we all need to keep them the same in our minds - that they are separate. Commercial operation is important because it is the date when your payment obligation starts. That's why it's an important event. It triggers this becoming a contract - it triggers the take and pay obligation to a payment obligation. There is nothing about that date that .... has to be done, or that 50-50 matching stops on that date. The 50-50 matching is tied to something called the cost of acquisition and construction for which the bond resolution has a long, several page definition, but which basically says the cost of getting the project done. I can give you a long and technical answer if you want. But there is nothing in that definition that says this is the same date as commercial operation. If the project takes two years after commercial operation to actually work out the kinks and get it done, the cost during that two years should still be project costs which are matched on a 50-50 basis until you hit 350,000,000. It shouldn't take a special new agreement or anything of that sort. It is anticipated that at the point where the project was good enough to run and produce electricity, the State could declare it as such and start getting you to pay the bills. But that is not what we've done with the obligation to pay their half of the costs to finish up whatever is left to be finished up. Kelle _MALE VOICE: = Charlie first and then Norm. END OF TAPE BRADLEY LAKE PMC MEETING June 6, 1991 Side 6 MALE VOICE: 2? megawatts gas turbine ..... right now. Somewhere around 65 we're out of gas turbine right now. Somewhere around there. In 80 with, and on the quarterly, the minimum numbers have to do with the historical level of load change Kenai has been subject to considering the loss of the 115 line south. The feeling of the TCS is that Homer should not be subject to any more chance or risk of load change considering the loss of the TCS and that what they had .... been subject to in the past. So what that means is since in the past although there may have been a lot of heavy import or export to the Kenai, that we always had at least one gas turbine, most of the time, actually, in the last several years we've had two, which would make the Kenai be subject to a certain amount of load shift. So what the TCS has done, is that they've gone through the dispatch records for the past year to get an idea of what risk Homer was subject to during the past year. They said OK, the risk that Homer was subject to load change, assuming the loss of line, would not be any less than or any more than what they've been subject to during the last year. So what that is effectively going to do is restrict the amount of power that is imported to the Kenai without a gas turbine. That level is going to be significantly higher that the import level which was experienced with the gas turbine. I guess that's it in a nutshell. MALE VOICE: So that's where we get the 10 and 40? You had the window of 40 to 60 and then an expanded window of 10 and 40. MALE VOICE: Yes. Right. Those numbers aren't set yet. The TCS has not set the minimum level yet. But that's tentative. MALE VOICE: The 10 and 40 are estimates at this point. MALE VOICE: The 10 has actually been set by the scheduling allocation committee as a minimum, scheduled amount for Bradley Lake, so that's set. MALE VOICE: You could turn it off at O (zero). MALE VOICE: You could turn it off and use it the same ......... MALE VOICE: I received this ..... 3 SO. asesers MALE VOICE: We've already done that once. MALE VOICE: There are a lot of things in that interim period that we probably need to look at on this one. We'll stick it back on the agenda. MALE VOICE: The whole interim period is probably what we should look at. MALE VOICE: The only thing we should be aware of if we decide to delay this is that effectively July 26 when this plant, when Bradley Lake is declared commercial, whatever constraints or operations or whatever we have got to be in place before then, because that's essentially when this would start, would be July 27, 1991. MALE VOICE: That or September 1, 1991. I mean if you're going to be racking it up and down, and testing ...... MALE VOICE: Well, I would assume that at some point in time, we would be careful enough to turn off any turbines which were required for testing so that we would be wanting to schedule Bradley Lake as if it were commercially operable. That's the whole point and intent of this, and I would assume that for some period of time we operate some minimal turbine for reliability purposes until we get a good feeling for the plant. But then there's going to be during that time period before September 1 where the plant is essentially operating as if it were commercial. MALE VOICE: OK. We've got a couple of other items here. Under Approval of PMC Expenses and then we've got a couple of attached additional agenda items. Ron, on the PMC expenses, there are close to enough of these to send around. While they are being passed around, I'd entertain a motion to approve. MALE VOICE: Approve. MALE VOICE: Is there a second? MALE VOICE: Second. MALE VOICE: Take a minute to look at them and see if there is any discussion. When you're ready, somebody call for the question. MALE VOICE: Excuse me, Mike. Just to back up for a moment on this other item. See if I'm correct. At this point in time the PMC is really not interested in or convinced that it is in their best interests to commit a turbine to allow a broader window of capability out of Bradley. You'd rather wait until the initial test period and then July 26, as I understand AEA now, the utilities will have an opportunity to dispatch and run it up and down and prove it out until September 1, during that particular period of time and I suppose that is going to tell us a lot as to whether or not, in fact, a unit is going to have to be committed for satisfactory operation, to everybody's satisfaction. MALE VOICE: Dave's Chugach then, or ML & P, whoever has to run the unit, or AEG & T, would be compensated during the test period, which we assume will run till September 1 , approximately, for any starts. The excess operation. You are exactly right. I think we will learn some things about whether we want to buy that ability to expand. I think each person here wants to go back to your shops and talk about that question. That's right on my list here. To talk to our people about whether they want that expanded operation or a flatter operation as built. To me it's just economics. MALE VOICE: Right. I appreciate that. But it's held in abeyance, it may or may not happen. MALE VOICE: I think what we ought to do is bring that back up, maybe in our August meeting, well we've got it next time on the agenda so we'll be kicking it around. MALE VOICE: OK. Chugach in the meantime has committed to run a turbine that quote "test period". That's AEA's test period, is that correct? Or through September 1. What test period are you talking about? The utilities test period or AEA's test period? MALE VOICE: The date of commercial operation. MALE VOICE: Well they may declare that July 26. Is that .... MALE VOICE: No. No. He's not going to do that on us. Eberle's agreed 1Osiee ; Well I just want to understand. MALE VOICE: So I think Dave's point is that operation of the turbine during the test period is not the same as operation of the turbine today. I think the utilities want to see this too. Regardless of what goes on running 24 hours per day even if you pay for it or not. MALE VOICE: And it has to be a good faith deal where we kind of leave it with Chugach, it has to run a machine that they wouldn't run because of your own requirements, then we've agreed that this would be a cost of testing, that you'd be reimbursed, but Bob, during that particular period, after September 1, is where we're talking about buying from Dave the services of ..... MALE VOICE: OK. After that. MALE VOICE: I agree after July 26 it's appropriate to cost. I guess between July 26 and September 1 we ought to know what the plan is and what the cost of that plan is and then we need to debate in our own minds whether that is appropriate to our own costs. NORMAN STORY: Just to follow up on that, it seems like what we need to do is Homer and Chugach will have to talk some on this but also there's been some questions raised as to the cost and the limit, that we need to come back to the next meeting, maybe prepared to do a little more than just kick it around and come to a conclusion prior to July 26 ... operate during the test period and beyond the test period. MALE VOICE: That way you start the conversation by saying “Dammit, Highers, I thought you were going to run that until September. STAN: I can answer the question. Yes. At the last operations dispatch meeting Chugach gave the committee a proposal here and we are considering that and we will be discussing it at the next meeting on the 18th of June. MALE VOICE: How do the costs seem? MALE VOICE: Very reasonable. MALE VOICE: All of the utilities are going to incur costs during the testing period. Golden Valley, I'd think you be ..... because we can't ... all ... we don't have it. MALE VOICE: .... Chugach system which we could get ... up... They have to be the incremental portions. MALE VOICE: It seems to me though that if that group agrees you've got enough reps on his group, that if you agree to how the costs will be reimbursed, that whether they are mine or Chugach's or Tom's or whoever or AEG&T's would have to then work. OK. We're going to rip right ahead here. Is everyone getting sick of this? MALE VOICE: Mr. Chairman. We're divorcing, I guess I have a problem. We're divorcing two issues that are caused by technically the same problem and that is response. And they're the same issue. MALE VOICE: In the interim sense, I'd agree with that. In the long term sense, I think we'll still be here by Thanksgiving. MALE VOICE: Anybody else want to say something? OK. First of all, if there's no objection, the next meeting is July 2. Oh, excuse me, did somebody call for a question on that or do you have questions? Discussion. MALE VOICE: These are the categories we talked about before. Most of the expenses are for three or four months, depending upon how people reported their aggregate. Some of you didn't .... didn't have them or you didn't turn them in, maybe next time. The most important thing is Marcey's memo which follows up on what was said at the last meeting - it won't be reimbursed unless there is backup. I'm not sure what is adequate backup, but if you feel that .... we have been audited since we did this last .... backup for these expenses. Any further discussion. Terri, call the roll please. City of Seward yes Matanuska Electric yes Chugach Electric yes Homer Electric yes Golden Valley Electric yes Municipal Light and Power yes AEA yes MALE VOICE: Thank you, Terri. A couple of items were added to the agenda at the request of Dave Highers, with two motions forwarded from the TCS. I guess I'm not sure what's happening. Do you have those motions in front of you? OK. You have in front of you the two motions from the TCS. Dave do you want to hold forth on that. DAVE HIGHERS: Well, the first one is pretty straight forward and that is in the interim period, and this will be quickly retired after the SVS installation and that's just the transfer to our .... at Soldotna from Fish Creek and that will allow, I think it's either 10 or 15 megawatts, I think it's 10 megawatt increase in the Bradley Lake output during the interim period, and that cost was estimated at $30,000. The second motion was the motion which did not pass .... Mr. Eberle and ML&P, was to install transfer turbines between East Lake and Soldotna and Soldotna and Quartz Creek. One difference at the meeting. The cost was estimated to be $30,000 for Chugach, $45,000 for Homer, with the total not to $75,000 subject to Homer preparing their own cost estimate. Homer prepared a cost estimate of $110,000 which is different from the TCS preferred motion. MALE VOICE: MALE VOICE: MALE VOICE: MALE VOICE: OK. Let's get it on the floor. Motion approved? Move approval of Motion 1. Motion seconded. Discussion. Terri, call the roll. Matanuska Electric yes Chugach Electric yes Homer Electric yes Golden Valley Electric yes Municipal Light and Power yes City of Seward AEA yes MALE VOICE: MALE VOICE: MALE VOICE: MALE VOICE: MALE VOICE: MALE VOICE: MALE VOICE: yes Motion #2. Is there a motion? So move. Is there a second? Second. Discussion. What are we buying with #2. Well, I've been hearing little rumors here that this is kind of a number givaway. MALE VOICE: To be honest with you, I'm not prepared to deal with it. I was hoping that maybe Dave would. I don't have that answer, other than that I do know that there might be some differences based on the cost of the design and possibly installation. MALE VOICE: .... do you want to take a look at and bring your excuses with you next time. MALE VOICE: I think Dave can. MALE VOICE: The basic differences are that we design ours in-house and they design theirs out. We construct a lot of these and they don't. MALE VOICE: Possibly we could get Chugach to design ...... MALE VOICE: Further discussion? MALE VOICE: If not, a motion to table ..... Terri, call the roll. MALE VOICE: Whoa. I think the motion's tabled. I'd really like for ... MALE VOICE: Ken just seconded. If there are objections to the motion tabled. Hearing only Norm. OK. The stuff on backup from Marcey. And anything you can get ahead of time, Norm. If you can give it to me or .... MALE VOICE: Actually, whatever money he gets out of selling those trucks that we bought to build that line could probably be placed in another deal. MALE VOICE: Anybody have a problem with a July 2 meeting. Hearing none. We are ready to adjourn. MALE VOICE: We got a date. MALE VOICE: Mr. Chairman, not exactly. I'd like to add one other item to the agenda. Informational at this point. Basically, we're supposed to have is another possibility to increase energy at our project by creating another diversion. Actually, two possible diversions, one of which is very minor and one of which is pretty major. The minor one we've done some research and worked with the various resource agencies and basically have their blessing to go ahead with the minor one and we're pursuing that with FERC. It's got a pretty rapid payback. I don't think we're going to have any problem getting it through FERC and .... this summer. The major one is going to involve a lot of studies. We're going to have to do an environmental assessment on it, and it's going to take several years to even think about that. Basically, what it amounts to is diverting some of the drainage area from the upper Battle Creek which to date, we have not touched. The minor diversion consists of basically digging a shallow ditch, a couple of thousand feet long and diverting water that comes from a water fall and presently drains into Battle Creek, diverting it to Bradley Lake. The estimated annual benefits of that range from $184,000 per year to $316,000 per year depending on what value you put on energy. The cost, when Stone and Webster first estimated this, they figured about $792,000. After looking at it this spring, I think it's going to be $400,000 or less. So potentially, you could pay this thing back in two years. We're going to FERC asking for the approval. We don't have to make a commitment right now. What I propose, to come back to you with some firm numbers on the cost and then assuming that we get the go-ahead from FERC, build it this summer. MALE VOICE: The minor one? MALE VOICE: Right. The major one, there's no hope of doing it this year, and I would say that you're talking two or three years away if we could even do it. We're not pursuing that at this time. If you want to pursue it that's another matter for the PMC. MALE VOICE: On motion to proceed. Do so. MALE VOICE: I don't need an action right now. MALE VOICE: It looks like a great opportunity that we ought to pursue. MALE VOICE: What I would do, is can come back to the next meeting with the numbers of what it would cost. (a! MaEDYOICE: Without objections, we'll do that. An on the major one, you're going to come back with more .... Anything else? Without objection, we're adjourned.