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HomeMy WebLinkAboutBPMC March 21, 2013 2BRADLEY LAKE OPERATIONS & MAINTENANCE SCHEDULE B (A) HEA O&M Contract (C) Automate Fish Water Design (A) HEA O&M Contract (C) SCS Snow Measurement (C) UAF Seismic monitoring and reporting (C) USGS Streamgauging (C) State of Alaska Permits FERC 562 - Station Expenses (B) CEA SVC/Substation Maintenance Contract FERC 571 - Maintenance of Overhead Lines (A) HEA Overhead Line Maintenance (H) Contingencies FERC 920 - Administrative Expense (F) AEA Admin Fee AEA Administrative Costs PMC Costs (F) Bradley Lake Audit fees (F) Bradley Lake PMC Legal (F) Bradley Lake Arbitrage Report (F) Bradley Lake Trustee fees PMC Costs TOTAL FERC 920 IFERC 924 - Property Insurance (D) Insurance Premiums (C) Homer Electric Insurance (D) Risk Assessment FERC 928 - Regulatory Commission Expenses Page 3 of 4 31-Dec-12 FY2012 FY2012 FY2013 FY2013 BUDGET ACTUAL VARIANCE BUDGET aD 128,761 154,124 136,444 106,272 0 0 30,900 0 (C) Fish Water Design & Middle Fork Equip. Shack Im 30,000 0 158,761 154,124 Le 10,015 FERC 556 - System Control & Load Dispatching (A) HEA-Power House PCs & Develop Electronic Ops 65,012 63,951 10,500 21,052 (10,552) 10,500 10,000 500 56,500 55,189 4,311 244,500 190,855 53,645 400 200 (100) 387,112 89,699 10,130 56,500 282,725 161,274 161,274 133,500 317,708 233,130 352,239 0 0 210,000 317,708 233,130 562,239 353,697 210,000 563,697 200,000 14,350 19,319 3,675 11,918 49,262 249,262 537,600 483,984 61,890 . 25,576 15,000 614,490 2/19/2013 3:50 PM H:\aiNKVeech\Bradley Lakes Hydroelectric Project\Budget\FY 14\2014BradleyBdgt Draft.xlsSchedule B-Budget Detail BRADLEY LAKE OPERATIONS & MAINTENANCE SCHEDULE B FY2012 FY2012 BUDGET ACTUAL FERC 535 - Operation Supervision & Engineering (A) HEA O&M Contract 262,888 260,557 VARIANCE | | BUDGET 275,481 262,888 260,557 mes 275,481 Se FERC 537 - Hydraulic Expenses (A) HEA O&M Contract 111,118 71,716 {C) Battle Creek 0 4,316 113,111 oO 111,118 76,032_ 773,711 FY2014 BUDGET 291,804 291,804 113,512 FERC 538 - Electric Expenses (A) HEA O&M Contract 208,194 222,043 (C) CEA Circuits -Bernice Lake to Anchorage 30,000 eo ae FERC 540 - Rents ™ (C) Bradley Lake FERC land use fees 62,623 62,623 208,194 _ 222,043 175,474 FERC 539 - Misc. Hydraulic Power Generation Expenses (A) HEA O&M Contract 456,395 210,244 473,896 143,073 (C) HEA Circuits and Radio - To Bemice Lake 90,000 90,000 45,000 14,373 511,124 90,000 30,000 631,124 | 175,000 175,000 FERC 541 - Maintenance Supervision & Engineering (A) HEA O&M Contract FERC 542 - Maintenance of Structures 167,770 167,770 102,824 171,510 171,510 | (A) HEA O&M Contract 162,355 117,401 182,773 (C) Engineering/design/scope for Equipment Barn 25,000 0 QO 187,355 117,401 182,773 FERC 543 - Maintenance of Reservoirs, Dams & Waterways (A) HEA O&M Contract 12,688 7,708 4,980 13,519 890 (C) Battle Creek Feasibility Study 42,000 7,254 34,746 0 0 (C) Power Tunnel Maintenance 0 0 0 21,630 0 (C) Diversion Tunnel Maintenance 0 0 0 61,800 19,770 (C) North Fork Comm Equipment Replacement 60,000 0 60,000 0 0 (C) Nuka Repair 0 22,982 (22,982) 21,630 0 114,688 37,944 | _76,744 118,579 20,660 FERC 544 - Maintenance of Electric Plant (A) HEA O&M Contract 398,205 398,205 309,307 309,307 88,898 FERC 545 - Maintenance of Misc. Hydraulic Plant Page 2 of 4 425,378 179,210 2/19/2013 3:50 PM H:\al\KVeech\Bradley Lakes Hydroelectric Project\Budget\FY 14\2014BradleyBdgt Draft.xisSchedule B-Budget Detail Page 4 of 4 BRADLEY LAKE OPERATIONS & MAINTENANCE SCHEDULE B (E) FERC administrative fees ({E) FERC Part 12 Inspection [TOTAL BRADLEY LAKE BUDGET (E) Contractual Engineer - FERC license issues 31-Dec-12 Proposed FY2013 FY2013 FY2014 BUDGET yrD BUDGET 232,714 200,000 0 0 71,000 71,000 303,714 15,520 271,000 — — — 4,608,520 a 2,156,115 4,828,670 2/19/2013 3:50 PM Hi\alliKVeechiBradley Lakes Hydroelectric Project\Budget\FY 14\2014BradleyBdgt Draft xisSchedule B-Budget Detail BRADLEY LAKE MONTHLY UTILITY CONTRIBUTION SCHEDULE C POWER PURCHASER CHUGACH ELECTRIC MUNICIPALITY OF ANCHORAGE AEG&T-HEA AEG&T-MEA GOLDEN VALLEY ELECTRIC CITY OF SEWARD Rounding POWER PURCHASER CHUGACH ELECTRIC MUNICIPALITY OF ANCHORAGE AEG&T-HEA AEG&T-MEA GOLDEN VALLEY ELECTRIC. CITY OF SEWARD ACTUAL ACTUAL BUDGET PROPOSED PERCENT FY2011 FY2012 FY2013 FY2014 FY2014 SHARE TOTAL TOTAL TOTAL BUDGET Change 30.4% 4,807,548 4,449,024 5,231,100 5,123,952 (107,148) 25.9% 4,095,912 3,790,452 4,456,764 4,365,480 (91,284) 12.0% 1,897,716 1,756,188 2,064,912 2,022,612 (42,300) 13.8% 2,182,380 2,019,624 2,374,644 2,326,008 (48,636) 16.9% 2,672,616 2,473,308 2,908,080 2,848,512 (59,568) 1.0% 158,148 146,352 172,080 168,552 (3,528) 2 6 (13) 8 100.0% 15,814,322 14,634,942 17,207,567 16,855,124 352,464 PERCENT ‘FY2011 FY2012 FY2013 FY2014 FY2014 SHARE MONTHLY MONTHLY MONTHLY MONTHLY Change 30.4% 400,629 370,752 435,925 426,996 (8,929) 25.9% 341,326 315,871 371,397 363,790 (7,607) 12.0% 158,143 146,349 172,076 168,551 (3,525) 13.8% 181,865 168,302 197,887 193,834 (4,053) 16.9% 222,718 206,109 242,340 237,376 (4,964) 1.0% 13,179 12,196 14,340 14,046 (294) 100.0% 1,317,860 1,219,579 1,433,965 1,404,593 29,372 2/19/20133:51 PM H:\all\KVeech\Bradley Lakes Hydroelectric Project\Budget\FY 14\2014BradleyBdgt Draft.xlsSchedule C Utility Contrib R&C FUND DISBURSEMENTS AND REPAYMENTS SCHEDULE D IR&C FUND PROJECTS 2,779,953.51 251,092.69 1,946,732.79 2.321,922.94 143,913.02 86,905.27 675,966.79 887,596.62 0.00 0.00 0.00 0.00 447,531.38 0.00 0.00 0.00 0.00 1,008,298.67 490.00 0.00 0.00 0.00 0.00 9,094,573.63 | Less Interest in Fund Applied to Repayment Net Transfer from Revenue Fund FY 12 Interest Cumulative Prior Years R&C Repayments [Due back to Utilites R&C Cumulative Interest (Retained) Applied As Part of Repayment INET DUE TO R&C FUND IR&C FUND CASH FLOW PROJECTION Current year Participants Contributions to R&C Due back to Utilites Ending Investment Balance d R&C Payable at year end-Due to Utilities Accrued R&C Payable at year end |PROJECTED NET DUE + ENDING INVESTMENT BALANCE REPAYMENT AMOUNT $238,606 X 25% $954,181.80 X 25% |'$756,665.11 X 25% '$1,455,830.05 X 25% $2,235,000 x 25% $864,800 x 25% 0.00 0.00 0.00 0.00 0.00 2,779,953.51 251,092.69 1,946,732.79 2,321,922.94 591,444.40 86,905.27 675,966.79 887,596.62 1,008,298.67 490.00 (7,890,873.12) 773,897.74 3,872,242.58 (849,472.80) (82,071.19)| 537,901.26 238,545.45 [3rd yr 189,166.28 |2nd yr 363,957.51 | 1st yr 2,779,953.51 251,092.69 1,946,732.79 2,321,922.94 591,444.40 86,905.27 675,966.79 887,596.62 1,408,298.67 490.00 0.00 250,000.00 915,000.00 4,671,504.45 (2,235,000,00)} (606 357.25)} 1,350,419.24 189,168,28 |3rd yr 1,350,419.24 3,604,753.51 251,092.69 1,946,732.79 2,321,922.94 591,444.40 86,905.27 675,966.79 887,596.62 1,408,298.67 490.00 0.00 290,000.00 915,000.00 1,328, 073; 79 0.00 0.00 7/869,942.49 189,166.28 363,957.51 558,750.00 216,200.00 2/19/20133:51 PM H:\all\KVeech\Bradley Lakes Hydroelectric Project\Budget\FY 14\2014BradleyBdgt Draft.xisSchedule D R&C Disb & Repay BRADLEY LAKE BUDGET PROJECTED CASH FLOW BY FUND SCHEDULE G Rev Fund O&M Fund Debt Fund Op Reserve R&C Cap Reserve Total 6/30/2012 Actual Balance 910,338 1,176,629 9,490,375 839,152 4,671,504 12,778,775 29,866,775 FY2013 Budget Revenues 17,040,067 - 17,040,067 Interest 1,622,874 245,532 1,868,406 Transfer back interest - - Transfers to O&M (4,608,520) 4,608,520 - - Transfers to Debt Service (12,107,950) 12,107,950 - Payback of R&C Fund (1,123,294) 1,123,294 - 2011 Payables - - - - @ 2012 O&M Requisitions (4,608,520) (4,608,520) 2012 Capital Requistions (520,625) 520,625 - - = Renewals/Replacements (520,625) - (1,565,000) - (2,085,625) To Excess Earnings fund (220,000) (220,000) Payment of Prior Year Deficit - - Debt Payments (12,107,950) (12,107,950) Increase Op Reserve (82,552) 82,552 - 6/30/2013 Projected Balance 910,338 1,176,629 —— 9,490,375 921,704 4,475,330 12,778,775 29,753,153 FY2014 Budget Revenues 16,855,124 - 16,855,124 Interest 2,217,795 - 2,217,795 Transfer back interest - - Transfers to O&M (4,828,670) 4,828,670 - - Transfers to Debt Service (12,104,950) 12,104,950 - Payback of R&C Fund (1,328,074) 1,328,074 - O&M Requisitions (4,828,670) (4,828,670) Capital Requistions (475,500) 475,500 - - - - Renewals/Replacements (475,500) - (864,800) - (1,340,300) To Excess Earnings fund-Arbritrag (290,000) (290,000) Payment of Prior Year Deficit - - Debt Payments (12,104,950) (12,104,950) Increase Op Reserve (45,830) 45,830 > 6/30/2014 Projected Balance 910,233 1,176,629 9,490,375 967,534 4,938,604 12,778,775 30,262,151 a 2/19/20133:51 PM H:\all\KVeech\Bradley Lakes Hydroelectric Project\Budget\FY 14\2014BradleyBdgt Draft.xisSchedule G-Cash balances ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT Schedule A FY2010 FY2011 FY2012 FY2013 FY2014 ACTUALS ACTUALS ACTUALS Budget DRAFT Budget REVENUES, EXPENSES & CHANGES IN SURPLUS REVENUES UTILITY CONTRIBUTIONS 16,989, 106 15,814,310 14,634,942 17,207,567 16,855,124 INTEREST INCOME 1,780,630 1,905,127 1,959,302 1,868,406 2,217,900 OTHER MISC INCOME 700 0 0 0 0 STATE OF ALASKA BATTLE CREEK FEASIBILITY GRANT 0 0 22,637 0 0 ° 0 ° 0 0 18,770,436 17,719,437 16,616,881 19,075,973 19,073,024 | EXPENSES OPERATIONS 3,747,849 4,174,014 3,540,287 4,608,520 4,828,670 RENEWALS/REPLACEMENTS (R&C FUND REPAYMENTS) 1,648,712 802,925 419,007 1,536,326 1,328,074 NON R&C FUND CAPITAL PURCHASES-SEE At 689,454 309,822 401,579 520,625 475,500 GRANT FUNDED PORTION OF BATTLE CREEK FEASIBILITY 0 0 22,637 0 0 TRANSFER TO (FROM) OPERATING RESERVE 66,000 97,250 (63,500) 82,552 45,830 DEBT SERVICE (net of Capital Reserve Reductions) 12,402,072 12,105,450 12,100,750 12,107,950 12,104,950 ARBITRAGE TRANSFER 216,349 229,976 196,112 220,000 290,000 0 16,770,436 17,719,437 16,616,881 19,075,973 19,073,024 CURRENT YEAR SURPLUS (DEFICIT) ° ° (0) 0 0 BEGINNING SURPLUS (DEFICIT) o 0 o (0) © ENDING SURPLUS (DEFICIT) 0 0 0) 0) 0) BALANCE SHEET ASSETS REVENUE FUND 2,149,873 2,225,125 910,338 0 OPERATING FUND 972,947 944,100 4,176,630 0 RECEIVABLE FROM R&C 0 0 773,898 0 OTHER RECEIVABLES 0 190,270 0 0 PREPAID EXPENSES 5,640 5,640 5,640 0 3,128,460 3,365,135 866,506 0 LIABILITIES & SURPLUS LIABILITIES 1,414,919 1,453,862 1,297,869 ° PREPAID UTILITY CONTRIBUTION 0 ° 0 0 PAYABLE TO UTILITIES 280,994 1,373,372 1,568,638 0 R&C REPAYMENT 1,432,547 $37,901 (0) ° 34 3,365,135 505 0 OTHER INFORMATION OPERATING RESERVE * 805,402 902,652 910,338 965,734 MONTHLY CONTRIBUTIONS 1,439,175 1,446,451 1,219,579 1,404,594 * Required to be 20% of budgeted operating expense 2/19/20133:49 PMH:\al\KVeech\Bradiey Lakes Hydroelectric Project\Budgef\F Y 14\2014BradleyBdgt Draft.xisSchedule A-Budget Summary OVERVIEW OF BUDGET CHANGES BETWEEN FY13 AND PROPOSED FY14 FY13 Utility Contributions 17,207,567 Schedule A Increase in projected interest earnings 349,494 Decrease in Non R&C Capital - See A‘ for detail 45,125 Decrease in debt service 3,000 Increase in projected arbitrage transfer (70,000) Decrease in Operating Reserve 36,722 Increase in O&M Operations (220,150) Decrease in R&C Fund Repayments 208,252 TOTAL 352,443 FY14 Utility Contributions 16,855,124 BRADLEY LAKE OPERATIONS & MAINTENANCE SCHEDULE B 31-Dec-12 Proposed FY2012 FY2012 FY2013 FY2013 FY2014 ~ BUDGET ACTUAL VARIANCE BUDGET yo BUDGET . oh SUMMARY V4," S — | (A) HEA Annual Operations & Maintenance 2,262,776 1,877,125 385,651 2,431,229 1,023,827 2,647,014 (B) CEA Dispatch and Substation/SVC Maintenance 120,000 126,578 (6,578) 133,500 122,739 161,274 (C) Other O&M and Maintenance Projects 626,223 472,164 154,059 864,987 245,989 919,445 x5. q (D) Insurance Costs 617,090 535,825 81,265, 614,490 509,560 572,237 Le 4 ~— | (E) Regulatory Costs 303,500 279,092 24,408 303,714 15,520 271,000 % (H) Contingencies 0 250 (250) 0 0 0 3,929,589 3,291,034 638,555 4,347,920 1,917,635 4,570,970 Administrative Costs 265,600 249,262 16,338 260,600 238,480 257,700 4,195,189 3,540,296 654,893 [~-aasa0 2,156,115 | 4,828,670 Page 1 of4 2/19/2013 3:50 PM H:\al\KVeech\Bradley Lakes Hydroelectric Project\Budget\FY 14\201 4BradleyBdgt Draft.xlsSchedule B-Budget Detail ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT Schedule A-1 FY2011 = FY2012 FY2013 FY2013 FY2014 ACTUAL ACTUAL BUDGET YTD PROPOSED CAPITAL PURCHASES NOT FUNDED BY R&C FUND [2012 BUDGET Cathodic Protection Replacement Haicon Fire System Replacement. cquire. develop Work Management Syster Modify Camp Residencies—add efficiency apartm La = a 1, O. 1,58! This will effectively modify the two duplexes from a 2 dwelling unit to a 4 dwelling unit; this ill help support space availability for an apprentice position-FY10 and complete 3 duplex lunits in FY14 : Exciter Stability Stud 57,35: ‘An emergency source of power is needed to provide backup power in case of future trouble the normal facilities power. This will provide cost savings for replacement power and ipes__ Origi approved in FYO9, no monies sp e fit 186,93; Install during 2012 outag Originally approved $100,000 in FY10; could not find used equipment in good repair for that [$20,000 originally approved in FY11, not completed. Budget subcommitte split across two lyears. Furniture and beds are aged and in need of repairs and replacement. Several appliances Ineed replacement. Need cabinets for efficient storage of tools, equipment, and parts and supplies inventory. $40,000 in FY11 and $30,000 in FY12, no monies spent. Vidmar Storage Cabinets for Shops & Wareh é e —i ol a mi qe 3 & fl 4 "al a] se] a a] 2) Slo} 4 A) et ; : i ‘| a 3 2 8 ‘est Equipment ‘eplace Telephone System / Upgrade Network 7: 20,000]Continue replacing old analog systems with digital. [Could not complete in FY12, Quoted price for new unit is $16,000. Originally approved $10,000 in FY12, no monies spent. fl 5 i i i i i Replace Fish Water Vaive Actuators irport and Barge Dock Building Upgrades epairs tility Vehicles ” Boruc Se T GateHouse UPS Batteries eplace Potable Water Storage Tank in Warehou! 14,636) 20,000} ong Term Maintenance Plan. ay =o] Ps) zi 3 TEL TTT eed or S 7,500] Tracks for Utility Vehicle for winter access; previously done with snowmachines or helicopter, ele | ee ae | RR Tet | a A} ] i § Bl Ti epla Metal and Sheet Metal Working Equip Band Saw i abili Originally approved in FY10, not completed-no monies spent. Re Insulate domestic water well head and piping Well piping freezing during winter qa e spent. old JEM revenue meters with |ON meters for better resolution and accuracy. New |Snow wing and front blade attachment for improved ability to remove heavy snow from lenbankments and airport runway. 8 ” 2 S i3i8 8 luka Diversion Hut iWeather Stations ~ a 3 S Provide storage and secure location for tractor and equipment located at Nuka Diversion To be integraded with DCS Security Interface for Data Access Mount guards on roof to preventice slides onto the generator transformers 8 S| i=} Interf / 425,000) Mirrored EDS Serverwithseriallink SSS EDS Server with serial link : |Generator Parial Dis ge - - at nal Monitor Monitor aging generator to detect faults and insulation breakdowns > [Suiveillance Cameras. SCS 30,000[Dam Safety Surveillance Monitoring Plan 309,821 401,579 520,625 354,008 475,500 = = SS Battle Creek Diversion Mean Annual Energy= Principal Annual PMT(P&l). Period 30 years 3% 5% $/MWh 3% 5% Energy= Principal Annual PMT(P&l). Period 30 years 3% 5% $/MWh 3% 5% $ $ $ 5 $ $ $ $ 20,000,000 $ 1,020,385 $ 1,301,029 $ 26.43 $ 33.71 $ 20,000,000 $ 1,020,385 $ 1,301,029 $ 29.15 $ 37.17 $ 30,000,000 1,530,578 1,951,543 39.65 50.56 30,000,000 1,530,578 1,951,543 43.73 55.76 38,600 MWhrs 50,000,000 $ 60,000,000 2,550,963 $ 3,061,156 3,252,572 $ 3,903,086 66.09 $ 79.30 84.26 $ 101.12 35,000 MWhrs 50,000,000 $ 60,000,000 2,550,963 $ 3,061,156 3,252,572 $ 3,903,086 72.88 $ 87.46 92.93 $ 111.52