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HomeMy WebLinkAboutAPPLICATION - REF Round 15 Cook Inlet Oil Platform Wind Project FinalRenewable Energy Fund Round 15 Grant Application – Standard Form AEA 23046 Page 1 of 35 10/04/2022 SECTION 1 – APPLICANT INFORMATION Please specify the legal grantee that will own, operate, and maintain the project upon completion. Name (Name of utility, IPP, local government, or other government entity) Alaska Electric & Energy Cooperative, Inc. Tax ID # 92-0177236 Date of last financial statement audit: December 31, 2021 Mailing Address: Physical Address: 3977 Lake Street, Homer, AK 99603 Same Telephone: Fax: Email: 907-283-2375 msalzetti@homerelectric.com 1.1 Applicant Point of Contact / Grants Coordinator Name: Mike Salzetti Title: Manager of Renewable Energy Development Mailing Address: 3977 Lake Street, Homer, AK 99603 Telephone: Fax: Email: 907-283-2375 msalzetti@homerelectric.com 1.1.1 Applicant Signatory Authority Contact Information Name: Bradley P. Janorschke Title: General Manager Mailing Address: 3977 Lake Street, Homer, AK 99603 Telephone: Fax: Email: 907-283-2312 907-283-7122 bjanorschke@homerelectric.com 1.1.2 Applicant Alternate Points of Contact Name Telephone: Fax: Email: David Thomas 907-283-2364 dthomas@homerelectric.com Renewable Energy Fund Round 15 Grant Application – Standard Form AEA 23046 Page 2 of 35 10/04/2022 1.2 Applicant Minimum Requirements Please check as appropriate. If applicants do not meet the minimum requirements, the application will be rejected. 1.2.1 Applicant Type ☒ An electric utility holding a certificate of public convenience and necessity under AS 42.05 CPCN # 640 , or ☐ An independent power producer in accordance with 3 AAC 107.695 (a) (1) CPCN #______, or ☐ A local government, or ☐ A governmental entity (which includes tribal councils and housing authorities) Additional minimum requirements ☒ 1.2.2 Attached to this application is formal approval and endorsement for the project by the applicant’s board of directors, executive management, or other governing authority. If the applicant is a collaborative grouping, a formal approval from each participant’s governing authority is necessary. (Indicate yes by checking the box) ☒ 1.2.3 As an applicant, we have administrative and financial management systems and follow procurement standards that comply with the standards set forth in the grant agreement (Section 3 of the RFA). (Indicate yes by checking the box) ☒ 1.2.4 If awarded the grant, we can comply with all terms and conditions of the award as identified in the Standard Grant Agreement template at https://www.akenergyauthority.org/What-We-Do/Grants-Loans/Renewable-Energy- Fund/2022-REF-Application (Any exceptions should be clearly noted and submitted with the application.) (Indicate yes by checking the box) ☐ 1.2.5 We intend to own and operate any project that may be constructed with grant funds for the benefit of the general public. If no, please describe the nature of the project and who will be the primary beneficiaries. (Indicate yes by checking the box) Beneficiaries will be the Homer Electric Association’s member-owners, however the ownership model of a project (AEEC, Hilcorp, or another IPP) will be determined in a future phase, based on environmental liabilities, project economics, and operations & maintenance considerations. Renewable Energy Fund Round 15 Grant Application – Standard Form AEA 23046 Page 3 of 35 10/04/2022 SECTION 2 – PROJECT SUMMARY 2.1 Project Title Provide a 4-to-7-word title for your project. Type in the space below. Cook Inlet Oil Platform Wind Project 2.2 Project Location 2.2.1 Location of Project – Latitude and longitude (preferred), street address, or community name. Latitude and longitude coordinates may be obtained from Google Maps by finding you project’s location on the map and then right clicking with the mouse and selecting “What is here? The coordinates will be displayed in the Google search window above the map in a format as follows: 61.195676.-149.898663. If you would like assistance obtaining this information, please contact AEA’s Grants Coordinator by email at grants@akenergyauthority.org or by phone at (907) 771- 3081. Latitude 60.73544 Longitude -151.51176 This phase of the proposed project is a Reconnaissance effort to study the possibility of locating offshore wind turbines on end-of-service oil platforms in the Cook Inlet. This study will evaluate the possibility of converting Hilcorp’s A, C, Baker and Dillion oil platforms to offshore wind turbine substructures and installing offshore class wind turbines on them. 2.2.2 Community benefiting – Name(s) of the community or communities that will be the beneficiaries of the project. The member-owners of Homer Electric Association will benefit from these grant funds. Homer Electric’s certificated territory encompasses a vast majority of the population and communities on the Kenai Peninsula and essentially all the populated portions of the central and western Kenai Peninsula including the incorporated cities of Kenai, Soldotna, and Homer and the villages/communities of Nikiski, Salamatof, Sterling, Kasilof, Clam Gulch, Ninilchik, Anchor Point, Kachemak City, Halibut Cove, Seldovia, Port Graham and Nanwalek. 2.3 Project Type Please check as appropriate. 2.3.1 Renewable Resource Type ☒ Wind ☐ Biomass or Biofuels (excluding heat-only) ☐ Hydro, Including Run of River ☐ Hydrokinetic ☐ Geothermal, Excluding Heat Pumps ☐ Transmission of Renewable Energy ☐ Solar Photovoltaic ☐ Storage of Renewable ☐ Other (Describe) ☐ Small Natural Gas 2.3.2 Proposed Grant Funded Phase(s) for this Request (Check all that apply) Pre-Construction Construction Renewable Energy Fund Round 15 Grant Application – Standard Form AEA 23046 Page 4 of 35 10/04/2022 ☒ Reconnaissance ☐ Final Design and Permitting ☒ Feasibility and Conceptual Design ☐ Construction 2.4 Project Description Provide a brief, one-paragraph description of the proposed project. Homer Electric Association, Inc. (HEA) through its generation subsidiary Alaska Electric & Energy Cooperative, Inc. (AEEC), plans to construct approximately 30-MWs of wind energy generation located on or near the Kenai Peninsula. The proposed project will evaluate construction of three to four offshore wind turbines on the A, C, Baker, and Dillion offshore oil platforms and electrically interconnected to the HEA transmission system at the Bernice Lake Substation located near the coast in the East Forelands of Nikiski, Alaska. The proposed project is a Reconnaissance level effort to study the possibility of the proposed project along with a partial Feasibility stage effort to collect and process one years’ worth of offshore wind data by installing an IEC classified vertical profiling Lidar with finance-grade data capable of measuring wind speed to a height of 300 M. 2.5 Scope of Work Provide a short narrative for the scope of work detailing the tasks to be performed under this funding request. This should include work paid for by grant funds and matching funds or performed as in-kind match. This funding request is for a Reconnaissance level effort to study the possibility of the proposed project along with a partial Feasibility stage effort to collect and process one years’ worth of offshore wind data. The Reconnaissance studies will be a collaborative effort between HEA and Hilcorp with the assistance of specialized expertise where required. The Scope of Work will include: Phase I – Reconnaissance Scope of Work: 1. A Desk Top Wind Resource Characterization a. The wind power density in the Cook Inlet narrows of the Forelands where the platforms are located will be modeled using publicly available sources such as Global Wind Atlas. b. A wind site assessment report will be generated for the proposed site using a proprietary subscription service such as Windnavigator to model site characteristics, develop a wind rose and estimate monthly distribution of the wind resource. c. The above information will be analyzed and compiled into the Reconnaissance Report with an opinion as to its suitability as a viable offshore wind resource. 2. Preliminary Engineering Analysis a. Research will be conducted on the available sizes and mounting requirements for the three leading wind turbine manufacturers, GE, Siemens, and Vestas. b. An engineering opinion will be obtained as to the structural capability of the oil platform to act as a substructure for an offshore wind turbine and if it is suitable, the maximum size of offshore wind turbine that could be installed on the platforms. c. The possibility of using an abandoned oil or gas pipeline form one of the rigs as a “conduit” or anchoring system for the power transmission cable will be evaluated. d. A high level conceptual design will be developed Renewable Energy Fund Round 15 Grant Application – Standard Form AEA 23046 Page 5 of 35 10/04/2022 e. The result of the engineering analysis will be compiled and presented in the Reconnaissance Report. 3. Project Costs and Economic Evaluation a. Budgetary quotes for appropriately sized wind turbines will be obtained. b. Avoided costs associated with existing platform substructure infrastructure supports will be developed. c. An analysis of how existing offshore oil and gas support services will support and impact O&M costs of the project will be conducted. d. A projected project cost estimate will be completed. e. An investigation of possible financial incentives such as Investment Tax Credits, Production Tax Credits, grants or loan programs will be completed. f. Evaluation of financing options and available interest rates. g. Analysis of possible ownership scenarios. h. The results of the analysis will be provided in the final Reconnaissance Report along with an overall simple economic analysis of the project. 4. Energy System Modeling a. The proposed wind generation will be added to HEA’s existing power production model(s). b. Several model iterations will be run at anticipated capacity factors and power levels at various costs to assist in establishing project economic thresholds. c. The modeling results will be incorporated into the final Reconnaissance Report. d. The model will predict natural gas fuel displacement associated with the proposed project. e. The model will optimize existing HEA generation, optimally dispatch HEA’s Battery Energy Storage System (BESS) to establish system project economic thresholds and impacts to the balance of the system. 5. Permitting and Licensing Evaluation a. Investigate wind leasing requirements in these waters. b. Interface with government agencies such as the FAA, U.S. Coast Guard, NOAA and others to establish a preliminary list of permitting requirements. c. Evaluate how existing platform permits would be impacted by the proposed project. d. The final Reconnaissance Report will present the findings of this evaluation. 6. Environmental Screening a. A screening will be conducted to identify any environmental impacts that the proposed project may have as a result of modifying the existing oil platforms. b. The results of the screening and any environmental barriers will be compiled and presented in the Reconnaissance Report. 7. Secondary Benefit Analysis a. Investigate the potential for platforms to also act as collectors for and power transmission assets for other offshore renewable energy projects such as tidal and other wind projects. b. Analyze how this could be a template for other offshore platforms. c. Identify benefits to the oil and gas industry. d. Investigate how this might improve Cook Inlet communications by establishing a cell tower, a microwave shot, or fiber optic link in the Cook Inlet. 8. Analysis and Recommendations Renewable Energy Fund Round 15 Grant Application – Standard Form AEA 23046 Page 6 of 35 10/04/2022 a. As noted previously, the information, analysis, and modeling results from this scope of work will be compiled and presented in the Reconnaissance Report. b. The Reconnaissance Report will also include the result of the Lidar data gathered as part of the resource assessment associated with the partial Feasibility Analysis stage of the project. c. The final Report will include a recommendation on whether to continue the pursuit of this project and if so what the recommended next steps should be. Phase II – Feasibility 1. Resource Evaluation a. Select a platform and site to install a lidar system. b. Design and develop a power feed for the lidar system on the platform. c. Procure a lidar system and contract for lidar system installation and data monitoring d. Install an IEC classified vertical profiling lidar on one of the Hilcorp oil platforms to gather at least one year’s worth of wind data. e. Monitor, collect, and QC wind data. f. Conduct a wind resource assessment of the collected data. g. The wind data and assessment will be presented in the final Reconnaissance Report. 2.6 Previous REF Applications for the Project See Section 1.15 of the RFA for the maximum per project cumulative grant award amount Round Submitted Title of application Application #, if known Did you receive a grant? Y/N Amount of REF grant awarded ($) NA Renewable Energy Fund Round 15 Grant Application – Standard Form AEA 23046 Page 7 of 35 10/04/2022 SECTION 3 – Project Management, Development, and Operation 3.1 Schedule and Milestones Please fill out the schedule below (or attach a similar sheet) for the work covered by this funding request. Be sure to identify key tasks and decision points, including go/no go decisions, in your project along with estimated start and end dates for each of the milestones and tasks. Please clearly identify the beginning and ending of all phases (I. Reconnaissance, II. Feasibility and Conceptual Design, III. Final Design and Permitting, and IV. Construction) of your proposed project. See the RFA, Sections 2.3-2.6 for the recommended milestones for each phase. Add additional rows as needed. Task # Milestones Tasks Start Date End Date Deliverables PI-1 Contractor Solicitation Develop and issue RFPs for consulting services and award contracts 8/23 11/23 Contracts Awarded PI-2 Wind Resource Characterization Conduct Desktop Wind Resource Characterization 1/24 10/24 Desktop Wind Data PI-3 Engineering Analysis Complete Preliminary Engineering Analysis 1/24 10/24 Preliminary Results of Engineering Analysis PI-4 Cost and Economic Evaluation Complete Project Cost and Economic Evaluation Scope of Work 1/24 10/24 Preliminary Results of Evaluation PI-5 Energy System Modeling Energy System Modeling per Scope of Work 1/24 10/24 Model Results PI-6 Permitting and Licensing Evaluation Permitting and Licensing Evaluation per Scope of Work 1/24 10/24 Permitting and Licensing Evaluation PI-7 Environmental Screening Environmental Screening per Scope of Work 1/24 10/24 Preliminary Screening Results PI-8 Secondary Benefits Analysis Secondary Benefits Analysis per Scope of Work 1/24 10/24 Preliminary Analysis Results PI-9 Final Reconnaissance Report Final Reconnaissance Report per Scope of Work 11/24 2/25 Final Reconnaissance Report PII-1 Wind Resource Evaluation Wind Resource Evaluation per Scope of Work 8/23 11/24 Wind Resource Data 3.2 Budget 3.2.1 Funding Sources Renewable Energy Fund Round 15 Grant Application – Standard Form AEA 23046 Page 8 of 35 10/04/2022 Indicate the funding sources for the phase(s) of the project applied for in this funding request. Grant funds requested in this application $214,400 Cash match to be provideda $41,000 In-kind match to be provideda $56,448 Energy efficiency match providedb $0 Total costs for project phase(s) covered in application (sum of above) $311,848 Describe your financial commitment to the project and the source(s) of match. Indicate whether these matching funds are secured or pending future approvals. Describe the impact, if any, that the timing of additional funds would have on the ability to proceed with the grant. HEA’s generation subsidiary’s (AEEC’s) Board of Directors has passed Resolution 01.2022.12, “Grant Funding Authorization for Cook Inlet Oil Platform Wind Project” which is attached. Also attached is a certification by the AEEC General Manager, Bradley P. Janorschke, that the Cooperative will honor the match amounts and is in a financial condition to do so. Hilcorp Alaska, LLC’s letter of November 23, 2022 commits Hilcorp to provide access, logistical and in-kind support in the pursuit of this project. All three documents are included as Attachment C. an Attach documentation for proof (see Section 1.18 of the Request for Applications) b See Section 8.2 of this application and Section 1.18 of the RFA for requirements for Energy Efficiency Match. 3.2.2 Cost Overruns Describe the plan to cover potential cost increases or shortfalls in funding. HEA/AEEC would cover any cost overruns required to complete the Scope of Work described in Section 2.5 of this grant application. 3.2.3 Total Project Costs Indicate the anticipated total cost by phase of the project (including all funding sources). Use actual costs for completed phases. Indicate if the costs were actual or estimated. Reconnaissance [Actual/Estimated] $148,198 Feasibility and Conceptual Design [Actual/Estimated] $300,000 Final Design and Permitting [Actual/Estimated] $2,500,000 Construction [Actual/Estimated] $50,000,000 Total Project Costs (sum of above) Estimated $52,948,198 Metering/Tracking Equipment [not included in project cost] Estimated $ Note that AEEC estimates the construction cost to be $100,000,000. With the passage of the Inflation Reduction Act (IRA), that provides for direct pay of Investment Tax Credits (ITC) to non- profit entities such as AEEC, we believe that we will qualify for a 50% ITC. We therefore estimate Renewable Energy Fund Round 15 Grant Application – Standard Form AEA 23046 Page 9 of 35 10/04/2022 our construction costs for this project to be $50,000,000 and have entered that value as the Construction Cost. 3.2.4 Funding Subsequent Phases If subsequent phases are required beyond the phases being applied for in this application, describe the anticipated sources of funding and the likelihood of receipt of those funds. • State and/or federal grants • Loans, bonds, or other financing options • Additional incentives (i.e., tax credits) • Additional revenue streams (i.e., green tag sales or other renewable energy subsidies or programs that might be available) For the Balance of the Feasibility & Conceptual Design phase AEEC would seek future grant opportunities, explore partnership potentials and / or self fund this phase of the work. For design and construction phases, AEEC would seek applicable state or federal grant and funding opportunities. HEA/AEEC is working with McAllister & Quinn and Strategies 360 to identify and pursue federal funding opportunities to implement all of HEA’s renewable energy goals. HEA/AEEC is also working with McAllister & Quinn and Strategies 360 on gaining an understanding of the direct pay ITCs made possible by the IRA. As noted above AEEC believes that it will qualify for a 50% ITC for this project. HEA/AEEC would examine current interest rates and loan terms from its two primary lenders National Rural Utilities Cooperative Finance Corporation (CFC) – a not-for-profit lender set up by its member electrical utilities and the USDA Rural Utilities Service (RUS). AEEC would also contact the Alaska Industrial Development and Export Authority (AIDEA) to explore other financing options and opportunities through that organization. Renewable Energy Certificates would be obtained for all energy eventually put onto the grid (as CEA already does with Fire Island wind energy) and monetized, although that has historically yielded less than $1/MWh. Should a mandatory Renewable Portfolio Standard (RPS) be enacted in Alaska, HEA would diligently monetize any excess RECs (beyond HEA’s own statutory requirements) for resale to other utilities at rates of potentially $10-20/MWh which is a significant portion of the energy cost. HEA/AEEC has been successful in the past in obtaining grant funding and securing attractive financing terms for its capital projects and anticipates it will continue to do so for future projects. Renewable Energy Fund Round 15 Grant Application – Standard Form AEA 23046 Page 10 of 35 10/04/2022 3.2.3 Budget Forms Applications MUST include a separate worksheet for each project phase that was identified in Section 2.3.2 of this application — I. Reconnaissance, II. Feasibility and Conceptual Design, III. Final Design and Permitting, and IV. Construction. Please use the tables provided below to detail your proposed project’s total budget. Be sure to use one table for each phase of your project and delete any unnecessary tables. The milestones and tasks should match those listed in 3.1 above. If you have any question regarding how to prepare these tables or if you need assistance preparing the application please feel free to contact AEA’s Grants Coordinator by email at grants@akenergyauthority.org or by phone at (907) 771-3081. Phase 1 — Reconnaissance Milestone or Task Anticipated Completion Date RE- Fund Grant Funds Grantee Matching Funds Source of Matching Funds: Cash/In- kind/Federal Grants/Other State Grants/Other TOTALS (List milestones based on phase and type of project. See Sections 2.3 thru 2.6 of the RFA) $ $ $ Contractor Solicitation 11/23 $0 $4,344 In-Kind $4,334 Wind Resource Characterization 10/24 $9,590 $2,410 Cash $12,000 Engineering Analysis 10/24 $47,948 $23,672 Cash&In-Kind $71,620 Cost and Economic Evaluation 10/24 $3,996 $7,400 Cash&In-Kind $11,396 Energy System Modeling 10/24 $0 $7,240 In-Kind $7,240 Permitting and Licensing Evaluation 10/24 $3,996 $9,452 Cash&In-Kind $13,448 Environmental Screening 10/24 $3,996 $4,210 Cash&In-Kind $8,206 Secondary Benefits Analysis 10/24 $0 $4,248 In-Kind $4,248 Final Reconnaissance Report 2/25 $7,990 $7,706 Cash&In-Kind $15,696 TOTALS $77,516 $70,682 $148,198 Budget Categories: Direct Labor & Benefits $0 $51,198 In-Kind $51,198 Travel & Per Diem $0 $0 $0 Equipment $0 $0 $0 Materials & Supplies $0 $0 $0 Contractual Services $77,516 $19,484 Cash $97,000 Construction Services $0 $0 $0 Other $0 $0 $0 TOTALS $77,516 $70,682 $148,198 Renewable Energy Fund Round 15 Grant Application – Standard Form AEA 23046 Page 11 of 35 10/04/2022 Phase 2 — Feasibility and Conceptual Design Milestone or Task Anticipated Completion Date RE- Fund Grant Funds Grantee Matching Funds Source of Matching Funds: Cash/In- kind/Federal Grants/Other State Grants/Other TOTALS (List milestones based on phase and type of project. See Sections 2.3 thru 2.6 of the RFA) $ $ $ Wind Resource Evaluation 11/24 $136,884 $26,766 Cash&In-Kind $163,650 $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ TOTALS $136,884 $26,766 Cash&In-Kind $163,650 Budget Categories: Direct Labor & Benefits $ $ $ Travel & Per Diem $0 $5,000 In-Kind $5000 Equipment $103,691 $16,309 Cash $120,000 Materials & Supplies $0 $250 In-Kind $250 Contractual Services $33,193 $5,207 Cash $38,400 Construction Services $ $ $ Other $ $ $ TOTALS $136,884 $26,766 Cash&In-Kind $163,650 Renewable Energy Fund Round 15 Grant Application – Standard Form AEA 23046 Page 12 of 35 10/04/2022 3.2.4 Cost Justification Indicate the source(s) of the cost estimates used for the project budget, including costs for future phases not included in this application. This is a Phase I Reconnaissance Study, so the cost estimates are preliminary at this point. Part of the proposed work scope is the development of a high-level project cost estimate. The cost estimates do incorporate recent experience and quotes on other wind project reconnaissance studies and feasibility analysis, as well as the team’s experience in project development and knowledge of prudent industry practices. 3.3 Project Communications 3.3.1 Project Progress Reporting Describe how you plan to monitor the progress of the project and keep AEA informed of the status. Who will be responsible for tracking the progress? What tools and methods will be used to track progress? The Project Manager will conduct regularly scheduled meetings with the contractors providing the reconnaissance work and wind resource assessment for this Project to track progress, schedule, and budget. Project management and financial control will issue reports to AEA on a mutually agreeable schedule throughout the life of the grant. These reports can be customized to meet AEA needs. 3.3.2 Financial Reporting Describe the controls that will be utilized to ensure that only costs that are reasonable, ordinary, and necessary will be allocated to this project. Also discuss the controls in place that will ensure that no expenses for overhead, or any other unallowable costs will be requested for reimbursement from the REF Grant Program. HEA has a dedicated financial controller. Ms. Clymer, HEA’s Controller has acted as financial control for several other AEA awarded grants. HEA uses Southeastern Data Corporation (SEDC) for our financial services software to assist with accounting and financial control systems. Every year, HEA’s and AEEC’s financial statements and accounting procedures are audited by an outside firm (which in recent years has been BDO USA, Inc). Financial control of the project will be done at no cost to the project, and it is not included or claimed in any of the in-kind matching labor funds outlined in this grant application. Renewable Energy Fund Round 15 Grant Application – Standard Form AEA 23046 Page 13 of 35 10/04/2022 SECTION 4 – QUALIFICATIONS AND EXPERIENCE 4.1 Project Team Include resumes for known key personnel and contractors, including all functions below, as an attachment to your application. In the electronic submittal, please submit resumes as separate PDFs if the applicant would like those excluded from the web posting of this application. 4.1.1 Project Manager Indicate who will be managing the project for the Grantee and include contact information. If the applicant does not have a project manager indicate how you intend to solicit project management support. If the applicant expects project management assistance from AEA or another government entity, state that in this section. HEA’s Manager of Renewable Energy Development, Mike Salzetti, will be the Project Manager for this Project. He has 32 years of engineering experience with 22 of those years including Project Management responsibilities. Mr. Salzetti’s contact information in shown in Section 1.1 of this application and his professional qualifications are included in Attachment A. 4.1.2 Project Accountant Indicate who will be performing the accounting of this project for the grantee. If the applicant does not have a project accountant indicate how you intend to solicit financial accounting support. Katheryn Parke, HEA’s Plant Accounting Supervisor will be performing the accounting for this Project. Accounting work for the project will be done at no cost to the project, and it is not included or claimed in any of the in-kind matching labor funds outlined in this grant application. 4.1.3 Expertise and Resources Describe the project team including the applicant, partners, and contractors. For each member of the project team, indicate: • the milestones/tasks in 3.1 they will be responsible for. • the knowledge, skills, and experience that will be used to successfully deliver the tasks. • how time and other resource conflicts will be managed to successfully complete the task. If contractors have not been selected to complete the work, provide reviewers with sufficient detail to understand the applicant’s capacity to successfully select contractors and manage complex contracts. HEA’s Manager of Renewable Energy Development, Mike Salzetti, will be the Project Manager for this Project. Mike has over 32 years of engineering experience with 22 of those years including Project Management responsibilities. Mr. Salzetti played an integral role in the design of Homer Electric’s new generation facilities and successfully shepherded the Grant Lake Hydroelectric Project through an original FERC licensing process. Mr. Salzetti has the guidance, support, staffing, and resources of Homer Electric Association to support him in all phases of this project. The professional biographies of HEA’s Executive Management Team are included as part of Attachment A to this application. Renewable Energy Fund Round 15 Grant Application – Standard Form AEA 23046 Page 14 of 35 10/04/2022 HEA is working with Hilcorp on this project who owns the oil platforms associated with this Project study. Hilcorp has extensive experience and knowledge of operating and maintaining offshore assets and they bring a suit of knowledgeable staff to assist in performing the identified work scope. Hilcorp will also provide access to the platform location(s) as needed by work boat and helicopter, plus equipment and crew housing support. 4.2 Local Workforce Describe how the project will use local labor or train a local labor workforce. HEA Management Directives governing contracting and procurement include considerations for such things as material procurement from pre-qualified businesses operating on the Kenai Peninsula, possession of an Alaska Business license, maintenance of an office and staff within Alaska and advertisements in general circulation publications as defined by Alaska State Statutes that promote local contracting and procurement. Pursuit to Board Policy 401 – Contracting and Purchasing, Section II, part H, HEA and AEEC give a 5% preference to vendors maintaining an office or place of business in the cooperative’s service area (unless prohibited by statute, regulation or grant). Renewable Energy Fund Round 15 Grant Application – Standard Form AEA 23046 Page 15 of 35 10/04/2022 SECTION 5 – TECHNICAL FEASIBILITY 5.1 Resource Availability 5.1.1 Assessment of Proposed Energy Resource Describe the potential extent/amount of the energy resource that is available, including average resource availability on an annual basis. For pre-construction applications, describe the resource to the extent known. For design and permitting or construction projects, please provide feasibility documents, design documents, and permitting documents (if applicable) as attachments to this application (See Section 11). Likelihood of the resource being available over the life of the project. See the “Resource Assessment” section of the appropriate Best Practice Checklist for additional guidance. AEEC plans to construct approximately 30-MWs of wind energy generation located on or near the Kenai Peninsula. The proposed project would consist of three to four offshore wind turbines mounted on the A, C, Baker, and Dillion offshore oil platforms and electrically interconnected to the HEA transmission system at the Bernice Lake Substation located near the coast in the East Forelands of Nikiski, Alaska. A preliminary review of Global Wind Atlas data showed better wind density values offshore in the East Forelands area than that of the onshore data analyzed for our proposed onshore East Forelands Wind Project which has a forecast capacity factor of 35.8%. Part of the scope of this Project is to Characterize the wind resource but generally speaking, offshore winds are stronger than onshore winds. Additionally, offshore wind turbines are larger in size than their onshore counter parts with significantly better capacity factors. The three leading wind turbine manufacturers, GE, Siemens, and Vestas have announced 12- to 15-MW offshore wind turbines with capacity factors of over 60%. Renewable Energy Fund Round 15 Grant Application – Standard Form AEA 23046 Page 16 of 35 10/04/2022 This grant application also includes a partial Feasibility stage effort to collect and process one years’ worth of offshore wind data by installing an IEC classified vertical profiling Lidar with finance- grade data capable of measuring wind speed to a height of 300 M. Gathering offshore wind data is very difficult and expensive to accomplish. Installing and powering a Lidar unit on an existing platform in the Cook Inlet is a very economical way to gather offshore meteorological data. Additionally, a Lidar unit is capable of measuring wind speeds to a height of 300 M which is important since offshore wind turbines heights are approaching 850 ft. We believe that this offshore wind data set would meaningfully add to the State’s body of knowledge for future wind projects. 5.1.2 Alternatives to Proposed Energy Resource Describe the pros and cons of your proposed energy resource vs. other alternatives that may be available for the market to be served by your project. Homer Electric Association’s Board of Directors has developed a Board Policy (505 - Renewable Portfolio Goal) that states, “It is the policy of the Cooperative to use best efforts to meet a renewable portfolio goal of 50% of its annual energy needs by the end of 2025.” HEA staff is in the process of analyzing and developing a suite of firm and non-firm renewable energy projects to meet this goal. It is anticipated that a mix of renewable energy projects will be needed to cost effectively achieve this goal. HEA is evaluating and in some cases actively pursuing additional hydro, wind, solar, landfill gas, tidal, and geothermal resources. Cook Inlet Oil Platform Wind Project Pros: 1. It is forecast to provide an excellent capacity factor. 2. Reduced Access costs. No need to build roads to construct and maintain it. 3. Higher energy production in winter months which matches HEA’s seasonal load profile. 4. An anticipated cost of energy comparable to the cost of avoided gas consumption. 5. Ease of permitting since it will be constructed on an existing (permitted) infrastructure 6. It would extend the life of an existing asset and avoid some costly offshore construction costs 7. The existing offshore oil & gas support industry could be utilized to maintain these assets. 8. AEEC already possesses a BESS of sufficient capacity to integrate this non-firm resource. 9. The project is likely to qualify for a 50% ITC 10. As a not-for-profit entity, HEA has the following advantages over an IPP executing a similar project: a. No profit margin required b. Access to lower financing rates c. No property taxes d. Access to an existing work force and remote dispatch system This project would be beneficial for HEA owner-member, citizens of the Kenai Peninsula Borough, the oil & gas industry, and the environment. Cook Inlet Oil Platform Wind Project Cons: 1. Wind is intermittent and while HEA possesses an adequately sized BESS, the use of the BESS is not free. The round-trip efficiency of the BESS ranges from 85% if cycled fully to 93% if kept in a tighter range. Any use of a BESS consumes energy that must be replaced in the hours ahead – ideally when generation assets have excess, economic energy available, but will not Renewable Energy Fund Round 15 Grant Application – Standard Form AEA 23046 Page 17 of 35 10/04/2022 always be the case. However, this intermittent energy will have a higher capacity factor than most other intermittent renewable resources. 2. Offshore maintenance is more expensive than onshore maintenance 3. The project will exist in the corrosive sea inenviroment 3. AEECs generation assets will be more complicated to operate, maintain and dispatch with the addition of new, non-firm projects. For instance, AEEC’s gas deliveries must be “nominated” in 6-hour blocks, 24 hours in advance which will require forecasting how wind occurs throughout the next day – something that adds uncertainty to the process and potential costs if penalties are assessed for deviating from one’s nominated quantities. 5.1.3 Permits Provide the following information as it may relate to permitting and how you intend to address outstanding permit issues. See the “Environmental and Permitting Risks” section of the appropriate Best Practice Checklist for additional guidance. • List of applicable permits • Anticipated permitting timeline • Identify and describe potential barriers including potential permit timing issues, public opposition that may result in difficulty obtaining permits, and other permitting barriers Permit Name Permit Trigger Unknown Unknown Since this is a request to fund a first stage Reconnaissance level effort, permitting requirements for this project are unknown at this time. Part of the proposed work scope of this grant request is to develop a preliminary list of permitting requirements. We are hopeful that the permitting process will be somewhat simplified since it will be installed on an existing, fully permitted, offshore structure. 5.2 Project Site Describe the availability of the site and its suitability for the proposed energy system. Identify potential land ownership issues, including whether site owners have agreed to the project or how you intend to approach land ownership and access issues. See the “Site control” section of the appropriate Best Practice Checklist for additional guidance. The owner of the oil platforms, Hilcorp, is supportive of this study effort and is cooperating and assisting with the study. At this time, we see no issue with the availability of the site. As mentioned above, a preliminary review of Global Wind Atlas data showed better wind density values offshore in the East Forelands area than that of the onshore data analyzed for our proposed onshore East Forelands Wind Project and generally, offshore winds are stronger than onshore winds. This offshore site is close to an existing onshore substation and transmission infrastructure which should be economically advantageous. No road will need to be built to construct and maintain the facility. The project would utilize existing infrastructure and prolong the life of an existing asset. The site is located in an area with an established offshore support industry. Additionally, HEA now owns and operates the largest Battery Energy Storage System in Alaska, which was acquired, in part, to more economically and reliably integrate non-firm renewable energy resources. 5.3 Project Technical & Environmental Risk Renewable Energy Fund Round 15 Grant Application – Standard Form AEA 23046 Page 18 of 35 10/04/2022 5.3.1 Technical Risk Describe potential technical risks and how you would address them. • Which tasks are expected to be most challenging? • How will the project team reduce the risk of these tasks? • What internal controls will be put in place to limit and deal with technical risks? See the “Common Planning Risks” section of the appropriate Best Practice Checklist for additional guidance. It is not known at this time if an offshore wind turbine can be mounted on an existing platform and if it can, what size of offshore wind turbine could be installed. The address this engineering risk, this Reconnaissance study will perform a Preliminary Engineering Analysis analysis as outline in Section 2.5 of this grant application. Another risk is the availability of the wind resource. This risk will be mitigated by the desktop wind resource characterization scope of work and the Lidar wind measurements described in Section 2.5. One risk to wind turbine projects is the ability and cost to get large turbine components to the project site. This risk is mitigated by the fact that the components can be delivered by ship to the proposed site. The risk is further mitigated by Hilcorp’s operational experience and capabilities in the Cook Inlet. Hilcorp operates and maintains a large network of workboats and coordinates extensive tug-barge logistics required to support the transfer of drilling rigs, heavy equipment and material logistics throughout the Cook Inlet. Additionally, all of the platforms have operational cranes and lifting equipment installed onboard. As the proposed project progresses through futures development phases, HEA will include contingency planning for critical milestones throughout the design and construction phases of the project. At this time, we do not know if there will be any opposition to the proposed project. Considering public advocacy in favor of renewable resources voiced at several HEA Board meetings and during public forums we anticipate some public support for the project. Additionally, we anticipate that the oil and gas industry and support industry on the Kenai Peninsula will be in favor of the proposed Project. 5.3.2 Environmental Risk Explain whether the following environmental and land use issues apply, and if so, which project team members will be involved and how the issues will be addressed. See the “Environmental and Permitting Risks” section of the appropriate Best Practice Checklist for additional guidance. • Threatened or endangered species • Habitat issues • Wetlands and other protected areas • Archaeological and historical resources • Land development constraints • Telecommunications interference • Aviation considerations • Visual, aesthetics impacts Renewable Energy Fund Round 15 Grant Application – Standard Form AEA 23046 Page 19 of 35 10/04/2022 • Identify and describe other potential barriers Species Name Scientific Name Status Presence Eskimo Curlew Numenius borealis Endangered May Occur Short-Tailed Albatross Phoebastria albatrus Endangered May Occur Steller Sea Lion Eumetopias jubatus Endangered May Occur Beluga Whale Delphinapterus leucas Endangered May Occur Green Sturgeon Acipenser medirostris Threatened May Occur Steller's Eider Polysticta stelleri Threatened Not Likely to Occur Habitat issues The species identified above may occur within or around the project footprint. However the below water infrastructure currently exists, there should be no new impact to the marine mammals listed above. Wetlands and other protected areas Being an offshore project there should be no wetlands impact. Archaeological and historical resources The project site is a brownfield location at sea so no archaeological and historical impacts are anticipated. Land development constraints The owner of the oil platforms, Hilcorp, is supportive of this study effort and is cooperating and assisting with the study. At this time, we see no issue with the availability of the site or land development constraints. Telecommunications interference No telecommunication interference analysis has been conducted to-date. Aviation considerations No aviation analysis has been conducted to date. As part of this work scope, a preliminary FAA screening would be completed. Visual, aesthetics impacts No visual or aesthetic analysis has been conducted to-date, but the site is offshore on an existing oil platform(s). 5.4 Technical Feasibility of Proposed Energy System In this section you will describe and give details of the existing and proposed systems. The information for existing system will be used as the baseline the proposal is compared to and also used to make sure that proposed system can be integrated. Only complete sections applicable to your proposal. If your proposal only generates electricity, you can remove the sections for thermal (heat) generation. 5.4.1 Basic Operation of Existing Energy System Describe the basic operation of the existing energy system including description of control system; spinning reserve needs and variability in generation (any high loads brought on quickly); and current voltage, frequency, and outage issues across system. See the “Understanding the Existing System” section of the appropriate Best Practice Checklist for additional guidance. Renewable Energy Fund Round 15 Grant Application – Standard Form AEA 23046 Page 20 of 35 10/04/2022 AEEC owns and operates three plants that are fueled by natural gas. The Nikiski Plant is an 80 MW baseload generating plant fueled by natural gas and recovered heat. HEA has two backup generating plants: the Soldotna Plant, a 48 MW generating plant; and the Bernice Lake Plant, a 73 MW generating plant that are used for backup, peaking, and reserve capacity. Additionally, AEEC has access to 14 MW of purchased power capacity at the State’s Bradley Lake Hydroelectric facility. 5.4.2.1 Existing Power Generation Units Include for each unit include resource/fuel, make/model, design capacity (kW), minimum operational load (kW), RPM, electronic/mechanical fuel injection, make/model of genset controllers, hours on genset Unit 1: Nikiski Combined Cycle Plant: Natural Gas/ Steam, CT GE Frame 6B Combustion Turbine, 40-MW ST GE SC2-22, HRSG Deltak Dino 4128 Heat Recovery Steam Generator, 40-MW, NCC design capacity 80 MW, NCC minimum operational load 20 MW, CT RPM 5105, ST RPM 3600, Emerson Ovation DCS Unit 2: Soldotna Combustion Turbine Plant: Natural Gas, GE LM6000 Combustion Turbine Generator, design capacity 48 MW, minimum operational load 3 MW, RPM 3600, Emerson Ovation DCS Unit 3: Bernice Lake Combustion Turbine Plant: Natural Gas, GE Frame 5 Combustion Turbine, design capacity 19 MW, design capacity 27 MW, design capacity 27 MW, minimum operational load 3 MW, minimum operational load 6 MW, minimum operational load 6 MW, RPM 3600, Emerson Ovation DCS Unit 4: Bradley Lake Hydroelectric Project (Hydro), Fuji generators, Andritz hydro runners, design capacity 64 MW per unit (HEA 14 MW share), no minimum operational load, RPM 300, Emerson Ovation DCS Unit 5: Unit 6: 5.4.2.2 Existing Distribution System Describe the basic elements of the distribution system. Include the capacity of the step-up transformer at the powerhouse, the distribution voltage(s) across the community, any transmission voltages, and other elements that will be affected by the proposed project. The HEA system has a total of 2,499 miles of energized line that distributes power to 35,865 meters in a 3,166 square-mile service area on the Kenai Peninsula. At 30 MW, it is likely that this project will need to tie into the transmission system at transmission voltages not distribution lines and voltages. One of the advantages of this proposed site is its proximity to the Bernice Lake Substation with access to a ringed transmission system. As part of the Construction and Final Design stage of the Project, a complete Interconnection Impact Study would be completed. 5.4.2 Existing Energy Generation Infrastructure and Production In the following tables, only fill in areas below applicable to your project. You can remove extra tables. If you have the data below in other formats, you can attach them to the application (see Section 11). Is there operational heat recovery? (Y/N) If yes estimated annual displaced heating fuel (gallons) Renewable Energy Fund Round 15 Grant Application – Standard Form AEA 23046 Page 21 of 35 10/04/2022 5.4.2.3 Existing Thermal Generation Units (if applicable to your project) Generation unit Resource/ Fuel type Design capacity (MMBtu/hr) Make Model Average annual efficiency Year Installed Hours Nikiski Combined Cycle Plant Natural Gas/Steam CT 40 MW, ST 40 MW CT GE, ST GE HRSG Deltak CT frame 6B Combustion Turbine, ST SC2-22, HRSG Dino 4128 Heat Recovery Steam Generator CT 35- 42% NCC 60% CT 1986, HRSG 2001, ST 2014 CT 168,983 Hours (as Of EOY 2019) Soldotna Combustion Turbine Plant Natural Gas CT 48 MW CT GE CT LM6000 Combustion Turbine Generator Peak CT 2014 CT 13,326 Hours (as of EOY 2019) Bernice Lake Combustion Turbine Plant Natural Gas Soldotna Combustion Turbine Plant CT GE CT Frame 5 Combustion Turbine Peak CT 1971, CT 1978, CT 1981 5.4.2.5 Annual Electricity Production and Fuel Consumption (Existing System) Use most recent year. Replace the section (Type 1), (Type 2), and (Type 3) with generation sources Month Generation Nikiski Combined Cycle Plant (kWh) Generation Soldotna Combustion Turbine Plant (kWh) Generation Bernice Lake Combustion Plant (kWh) Fuel Consumption (Diesel- Gallons) Fuel Consumption Natural Gas (MCF) Peak Load MWh Minimum Load 5.4.2.4 O&M and replacement costs for existing units Power Generation i. Annual O&M cost for labor AEEC does not track labor & non-labor separately so O&M cost are below. This excludes natural gas costs. ii. Annual O&M cost for non-labor $7,975,397 iii. Replacement schedule and cost for existing units NCC retirement 2043, SCT retirement 2054, BCT retirement 2034 Renewable Energy Fund Round 15 Grant Application – Standard Form AEA 23046 Page 22 of 35 10/04/2022 January 41,899,405 2,097 1,256 2306 368,042 1,553 1,319 February 37,527,357 109,052 1,526 415 334,878 1,563 1,351 March 39,406,815 1,000,229 203,136 2601 365,365 1,572 1,323 April 35,481,301 2,767 151,421 16 319,225 1,456 1,201 May 17,186,990 13,800,750 344,021 9 305,346 1,303 1,182 June 26,701,127 4,402,566 200,985 1036 292,899 1,288 1,071 July 32,859,596 0 3 1182 298,043 1,386 1,209 August 32,356,522 14,203 1,764 44 296,783 1,388 1,044 September 20,007,288 10,537,928 321,433 453 286,838 1,443 1,182 October 39,997,133 2,714,565 10,067 15 392,830 1,437 1,277 November 42,267,368 18,194 2,385 1974 380,941 1,683 1,348 December 41,720,850 685,731 1,376 8904 380,057 1,810 1,479 Total 407,501,750 33,288,083 1,239373 18955 4,021,248 5.4.2.6 Annual Heating Fuel Consumption (Existing System) Use most recent year. Include only if your project affects the recovered heat off the diesel genset or will include electric heat loads. Only include heat loads affected by the project. Month Diesel (Gallons) Electricity Propane (Gallons) Coal (Tons) Wood (Cords, green tons, dry tons) Other January February March April May June July August September October November December Total 5.4.3 Future Trends Describe the anticipated energy demand in the community, or whatever will be affected by the project, over the life of the project. Explain how the forecast was developed and provide year by year forecasts. As appropriate, include expected changes to energy demand, peak load, seasonal variations, etc. that will affect the project. HEA has 25,077 member-owners and provides power to 35,865 meters located throughout the Kenai Peninsula. HEA sold 452 million kilowatt-hours of electricity in 2020. HEA’S latest published Equity Management Plan indicates a 1% per year growth rate over the next 15 years but actual results indicate flat to a slight decline in load due to member efficiency and conservation efforts. A significant portion of that decline was the shuttering of the LNG and fertilizer-production facilities on our systems after the rising price of natural gas made them uneconomic. Renewable Energy Fund Round 15 Grant Application – Standard Form AEA 23046 Page 23 of 35 10/04/2022 Predicting the future is difficult but HEA is hopeful that the adoption of electric vehicles along with other beneficial electrification technologies will result in a return to a 1% per year load growth for the life of this project. Additionally, HEA is interconnected to a regional Alaskan grid known as the “Railbelt” via a three phase, 115 kV transmission line. The Railbelt is generally defined as the service areas of five regulated public utilities: Chugach Electric Association (Chugach), Golden Valley Electric Association (GVEA), HEA, Matanuska Electric Association (MEA), and the City of Seward Electric System (SES). This region grid covers a significant area of the state and contains the majority of the state’s population and economic activity; it extends from Homer to Fairbanks and includes areas such as Anchorage, Fairbanks, and the Matanuska-Susitna Valley. HEA can and has regularly provided power to Alaskan residents from Anchorage to Fairbanks via wholesale and economy energy sales to the other four interconnected electric utilities. 5.4.4 Proposed System Design Provide the following information for the proposed renewable energy system: • A description of renewable energy technology specific to project location • The total proposed capacity and a description of how the capacity was determined • Integration plan, including upgrades needed to existing system(s) to integrate renewable energy system: Include a description of the controls, storage, secondary loads, distribution upgrades that will be included in the project • Civil infrastructure that will be completed as part of the project—buildings, roads, etc. • Include what backup and/or supplemental system will be in place See the “Proposed System Design” section of the appropriate Best Practice Checklist for additional guidance. The technology to be used is the modern offshore wind energy turbine, an emission-free technology for generating electricity. AEEC has not selected a turbine at this point. As a reasonable proxy at this initial stage a 12 MW GE Haliade-X was selected. GE is a world leader in the industry. GE turbines are one of the most widely used wind turbine in the United States and is part of a fleet of more than 62 GW of installed capacity. The 12 MW GE Haliade-X turbine has a total height of up to 260 meters, a 220 meter rotor diameter and a capacity factor of 63%. With four oil platforms available this could provide up to 48 MW of installed capacity. Given the regional electric demand, and interconnection capacity, the optimum installed wind capacity would be approximately 30 MW. The energy modeling effort associated with scope of work described in Section 2.5 of this grant application will model the effects of 24 MW, 36 MW and 48 MW of installed on the HEA system. The project will be integrated to the regional electric grid through the existing Bernice Lake or Nikiski Substation, owned by HEA. This will permit delivery of electricity to the bulk power system. Since the project will be installed on existing oil platform infrastructure at sea, no additional civil infrastructure is anticipated for this project. The wind generation will be backed up by HEA’s other generation assets and our BESS. 5.4.4.1 Proposed Power Generation Units Renewable Energy Fund Round 15 Grant Application – Standard Form AEA 23046 Page 24 of 35 10/04/2022 Unit # Resource/ Fuel type Design capacity (kW) Make Model Expected capacity factor Expected life (years) Expected Availability 3 Wind 36,000 GE 12 MW GE Haliade-X 63 25 94.6% 5.4.4.2 Proposed Thermal Generation Units (if applicable) Generation unit Resource/ Fuel type Design capacity (MMBtu/hr) Make Model Expected Average annual efficiency Expected life 5.4.5 Basic Operation of Proposed Energy System • To the best extent possible, describe how the proposed energy system will operate: When will the system operate, how will the system integrate with the existing system, how will the control systems be used, etc. • When and how will the backup system(s) be expected to be used See the “Proposed System Design” section of the appropriate Best Practice Checklist for additional guidance. Because wind is a zero-cost fuel, wind projects generally operate whenever the wind is blowing. The only times the project would need to be curtailed would be if the load on the system was such that the energy produced by the wind farm was too much for the system and the BESS to handle. HEA is experienced with integrating renewable hydro power into their system and is committed to integrating wind into their system as well. HEA recently installed a battery energy storage system (BESS), partially to prepare their electric system to handle the intermittent nature of wind generation. Sized at 46.5 MW, the BESS has the ability to inject into (or absorb from) the system more power than the proposed wind facility could generate, Hence, it can immediately replace power in periods when wind speed and power production decrease. Conversely, should wind output suddenly increase beyond the turn-down ratio or ramp rate of other combustion or hydro generation assets, the BESS can be charged during those periods and largely avoid curtailment of the wind energy. With 93 MWh of energy storage capacity, the BESS could theoretically store (or stand in for) 3 hours of wind production from the proposed project. Renewable Energy Fund Round 15 Grant Application – Standard Form AEA 23046 Page 25 of 35 10/04/2022 Wind data from other wind resource reconnaissance studies conducted on the Kenai Peninsula predicted greater energy production in winter months which matches HEA’s seasonal load profile as the lower average wind speeds in summer also match HEA’s lower system loads in summer and may provide a more suitable window for tower erection and nacelle and blade lifting and installation during summer months. Studies and measurements will be done to study the hourly and sub-hourly production ramp rates to determine what is necessary to integrate this project into HEA’s system while maintaining consistent power for member needs. 5.4.3.1 Expected Capacity Factor 63% As stated above, AEEC has not selected a turbine at this point. As a reasonable proxy at this initial stage three 12 MW GE Haliade-X were selected. The published Capacity Factor for the 12 MW GE Haliade-X wind turbine is 63% for An IB IEC Wind Class. 5.4.5.2 Annual Electricity Production and Fuel Consumption (Proposed System) Month Generation (Proposed System) (kWh) Generation (Type 2) (kWh) Generation (Type 3) (kWh) Fuel Consumption (Diesel- Gallons) Fuel Consumption [Other] Secondary load (kWh) Storage (kWh) January 20,802,221 February 18,185,252 March 18,425,588 April 14,820,581 May 13,405,283 June 12,524,059 July 12,337,132 August 12,230,318 September 15,007,506 October 17,090,400 November 19,787,478 December 20,268,146 Total 194,883,963 5.4.5.3 Annual Heating Fuel Consumption (Proposed System) Month Diesel (Gallons) Electricity Propane (Gallons) Coal (Tons) Wood (Cords, green tons, dry tons) Other January February March April May June July August Renewable Energy Fund Round 15 Grant Application – Standard Form AEA 23046 Page 26 of 35 10/04/2022 September October November December Total 5.4.6 Proposed System Operating and Maintenance (O&M) Costs O&M costs can be estimated in two ways for the standard application. Most proposed renewable energy projects will fall under Option 1 because the new resource will not allow for diesel generation to be turned off. Some projects may allow for diesel generation to be turned off for periods of time; these projects should choose Option 2 for estimating O&M. Option 1: Diesel generation ON For projects that do not result in shutting down diesel generation there is assumed to be no impact on the base case O&M. Please indicate the estimated annual O&M cost associated with the proposed renewable project. $ Option 2: Diesel generation OFF For projects that will result in shutting down diesel generation please estimate: 1. Annual non-fuel savings of shutting off diesel generation 2. Estimated hours that diesel generation will be off per year. 3. Annual O&M costs associated with the proposed renewable project. 1. $ 2. Hour’s diesel OFF/year: 3. $600,000 annual estimate 5.4.7 Fuel Costs Estimate annual costs for all applicable fuel(s) needed to run the proposed system (Year 1 of operation) Diesel (Gallons) Electricity Propane (Gallons) Coal (Tons) Wood Other Unit cost ($) Annual Units Total Annual cost ($) 5.5 Performance and O&M Reporting For construction projects only 5.5.1 Metering Equipment Please provide a short narrative, and cost estimate, identifying the metering equipment that will be used to comply with the operations reporting requirement identified in Section 3.15 of the Request for Applications. N/A Renewable Energy Fund Round 15 Grant Application – Standard Form AEA 23046 Page 27 of 35 10/04/2022 5.5.2 O&M reporting Please provide a short narrative about the methods that will be used to gather and store reliable operations and maintenance data, including costs, to comply with the operations reporting requirement identified in Section 3.15 of the Request for Applications N/A SECTION 6 – ECONOMIC FEASIBILITY AND BENEFITS 6.1 Economic Feasibility 6.1.1 Economic Benefit Annual Lifetime Anticipated Diesel Fuel Displaced for Power Generation (gallons) Anticipated Fuel Displaced for Heat (gallons) Total Fuel displaced (gallons) Anticipated Diesel Fuel Displaced for Power Generation ($) Anticipated Fuel Displaced for Heat ($) Anticipated Power Generation O&M Cost Savings Anticipated Thermal Generation O&M Cost Savings Total Other costs savings (taxes, insurance, etc.) Total Fuel, O&M, and Other Cost Savings $18,050,153 6.1.2 Economic Benefit Explain the economic benefits of your project. Include direct cost savings and other economic benefits, and how the people of Alaska will benefit from the project. Note that additional revenue sources (such as tax credits or green tags) to pay for operations and/or financing, will not be included as economic benefits of the project. Where appropriate, describe the anticipated energy cost in the community, or whatever will be affected by the project, over the life of the project. Explain how the forecast was developed and provide year-by-year forecasts Renewable Energy Fund Round 15 Grant Application – Standard Form AEA 23046 Page 28 of 35 10/04/2022 The economic model used by AEA is available at https://www.akenergyauthority.org/What-We- Do/Grants-Loans/Renewable-Energy-Fund/2022-REF-Application. This economic model may be used by applicants but is not required. The final benefit/cost ratio used will be derived from the AEA model to ensure a level playing field for all applicants. If used, please submit the model with the application. In addition to a lower cost of energy arising from HEA’s avoided cost for natural gas, this wind project allows HEA to diversify their energy sources and therefore be less sensitive to increasing natural- gas prices and less vulnerable to gas availability issues. To the extent that HEA reduces their gas consumption, the life of finite gas resources in Cook Inlet is extended for all users in the region and seasonal gas availability issues are diminished. Likewise, the availability of sustainable power generated onboard the platforms will reduce Hilcorp's consumption of natural gas required to fuel routine operations. This fuel system conversion will make more natural gas available to the market and extend the productive life of all gas fields in the inlet. If financed by HEA, the debt service and depreciation costs would be nearly constant in 2026/2027 dollars and therefore decreasing, in real dollars, throughout the project projected 25-year life meaning that in addition to an initial downward pressure on consumer rates, the project’s output would continue to resist the inflationary pressure of HEA’s combustion assets. 6.1.3 Economic Risks Discuss potential issues that could make the project uneconomic to operate and how the project team will address the issues. Factors may include: • Low prices for diesel and/or heating oil • Other projects developed in community • Reductions in expected energy demand: Is there a risk of an insufficient market for energy produced over the life of the project. • Deferred and/or inadequate facility maintenance • Other factors Logistical, supply-chain and tax policy risks are detailed in the table below: Risk Importance Mitigation Strategy Unexpected increase in turbine component or delivery costs High Early coordination with turbine vendors to protect against price volatility Labor shortages for construction or operations phases Medium Establish a labor resource plan in advance of construction activities Foreign exchange risk with European or Asian based turbine manufacturers Low Explore domestic content options Lack of federal tax incentive extension Low Vigilant monitoring of developments in Washington Availability of Jones Act compliant heavy lift and transportation vessels Medium Proactive and early discussions with vessel contractors 6.1.4 Public Benefit for Projects with Direct Private Sector Sales For projects that include direct sales of power to private sector businesses (sawmills, cruise ships, mines, etc.), please provide a brief description of the direct and indirect public benefits derived from the project as well as the private sector benefits and complete the table below. See Section 1.6 in the Request for Applications for more information. Renewable Energy Fund Round 15 Grant Application – Standard Form AEA 23046 Page 29 of 35 10/04/2022 N/A 6.2 Other Public Benefit Describe the non-economic public benefits to Alaskans over the lifetime of the project. For the purpose of evaluating this criterion, public benefits are those benefits that would be considered unique to a given project and not generic to any renewable resource. For example, decreased greenhouse gas emission, stable pricing of fuel source, won’t be considered under this category. Some examples of other public benefits include: • The project will result in developing infrastructure (roads, trails, pipes, power lines, etc.) that can be used for other purposes • The project will result in a direct long-term increase in jobs (operating, supplying fuel, etc.) • The project will solve other problems for the community (waste disposal, food security, etc.) • The project will generate useful information that could be used by the public in other parts of the state • The project will promote or sustain long-term commercial economic development for the community This project will repurpose aging oil & gas infrastructure in the Nikiski area that has seen a significant decline in industrial activity and employment. The project could also act as a model for repurposing other oil platforms in the Cook Inlet and elsewhere. The project could help sustain the offshore oil & gas support industry in the area since it is likely that some of the same services will be needed. The project could provide offshore infrastructure for other renewable energy opportunities such as tidal power development. The offshore wind data set gathered as part of the Feasibility Phase of this project would meaningfully add to the State’s body of knowledge for future wind projects. A full analysis of secondary benefits will be performed as part of this Reconnaissance study. SECTION 7 – SUSTAINABILITY Describe your plan for operating the completed project so that it will be sustainable throughout its economic life. At a minimum for construction projects, a business and operations plan should be attached, and the applicant should describe how it will be implemented. See Section 11. 7.1.1 Operation and Maintenance Demonstrate the capacity to provide for the long-term operation and maintenance of the proposed project for its expected life • Provide examples of success with similar or related long-term operations • Describe the key personnel that will be available for operating and maintaining the infrastructure. • Describe the training plan for existing and future employees to become proficient at operating and maintaining the proposed system. • Describe the systems that will be used to track necessary supplies • Describe the system will be used to ensure that scheduled maintenance is performed Renewable Energy Fund Round 15 Grant Application – Standard Form AEA 23046 Page 30 of 35 10/04/2022 The facility will be remotely operated and monitored utilizing HEA’s existing SCADA infrastructure from the existing HEA Dispatch Center, which is staffed 24 hours a day, 7 days a week, 365 days a year. Any onsite operations and maintenance activities will be cooperatively facilitated by HEA and Hilcorp. Where possible, existing company vehicles, tooling, and equipment would support the maintenance of the facility. HEA operates the Bradley Lake Hydro Facility for the State of Alaska and is experience at operating and maintaining equipment in remote areas. HEA would use its existing maintenance scheduling, inventory control, outage scheduling, warehousing, and accounting procedures to coordinate and track scheduled and unscheduled maintenance on these new assets. HEA’s existing staff would supply support services such as accounting, HR, IT, engineering support, payroll, etc. 7.1.2 Financial Sustainability • Describe the process used (or propose to use) to account for operational and capital costs. • Describe how rates are determined (or will be determined). What process is required to set rates? • Describe how you ensure that revenue is collected. • If you will not be selling energy, explain how you will ensure that the completed project will be financially sustainable for its useful life. It is anticipated that this generation asset will be owned and operated by AEEC / HEA which will use established and existing utility accounting practices, procedures, financial systems, accounting personnel, and outside independent audits to account for operational and capital costs. HEA rates are set by the member-elected Board of Directors on an annual basis (and modified each mid-year). HEA develops its annual budget to cover all its operational expenses, debt service, fuel costs, and margins required to comply with lender’s loan covenants, HEA’s own capital-credits policy, and provide sufficient funds for system maintenance and upgrades. Those rates (tariffs) are then reviewed and approved by the Regulatory Commission of Alaska. As part of the existing AEEC / HEA generation fleet revenues would be collected through HEA’s existing monthly billing process and systems. 7.1.2.1 Revenue Sources Briefly explain what if any effect your project will have on electrical rates in the proposed benefit area over the life of the project. If there is expected to be multiple rates for electricity, such as a separate rate for intermittent heat, explain what the rates will be and how they will be determined Collect sufficient revenue to cover operational and capital costs • What is the expected cost-based rate (as consistent with RFA requirements) • If you expect to have multiple rate classes, such as excess electricity for heat, explain what those rates are expected to be and how those rates account for the costs of delivering the energy (see AEA’s white paper on excess electricity for heat). • Annual customer revenue sufficient to cover costs • Additional incentives (i.e., tax credits) Renewable Energy Fund Round 15 Grant Application – Standard Form AEA 23046 Page 31 of 35 10/04/2022 • Additional revenue streams (i.e., green tag sales or other renewable energy subsidies or programs that might be available) HEA / AEEC expects to add this environmentally friendly, beneficial, renewable-energy project to AEEC’s generation portfolio without negatively impacting rates. This will depend on the final actual cost of the project, any grants, direct pay tax incentives, legislative appropriations, power- production-incentives, greenhouse-gas, and / or renewable-energy credits received and the capital financing terms of the project. Operational and capital costs will be covered through revenues received from the sale of power to HEA’s members. The purchased-power rates are set by HEA’s member elected Board of Directors and reviewed and approved by the Regulatory Commission of Alaska. Since HEA is a not-for-profit entity, no rate of return is incorporated into the rates that HEA charges its members. HEA provides power at cost plus an allowed RCA specified operational margin. As mentioned above it is HEA’s hope that this project will not increase HEA’s current rates (https://www.homerelectric.com/member-services/my-bill/rates/) but will provide a downward pressure on rates upon commissioning and into the future. 7.1.2.2 Power Purchase/Sale The power purchase/sale information should include the following: • Identification of potential power buyer(s)/customer(s) • Potential power purchase/sales price - at a minimum indicate a price range (consistent with the Section 3.16 of the RFA) Identify the potential power buyer(s)/customer(s) and anticipated power purchase/sales price range. Indicate the proposed rate of return from the grant-funded project. Include letters of support or power purchase agreement from identified customers. It is anticipated that this generation asset will be owned and operated by AEEC / HEA which are RCA certificated utilities, no power purchase / sales agreement will be needed. The generation will be incorporated into AEEC’s existing generation portfolio that provides power to HEA members. Since HEA is a not-for-profit entity, no rate of return is incorporated into the rates that HEA charges its members. HEA provides power at cost plus an allowed, RCA-specified operational margin. As noted in Section 2.5, part of the scope of work is to analyze possible ownership scenarios. If it is more advantageous and economically beneficial to AEEC for an IPP to own and operate this facility, HEA/AEEC would work with the appropriate IPP to develop power purchase / power sales agreements. SECTION 8 – PROJECT READINESS 8.1 Project Preparation Describe what you have done to prepare for this award and how quickly you intend to proceed with work once your grant is approved. Specifically address your progress towards or readiness to begin, at a minimum, the following: • The phase(s) that must be completed prior to beginning the phase(s) proposed in this application • The phase(s) proposed in this application • Obtaining all necessary permits • Securing land access and use for the project Renewable Energy Fund Round 15 Grant Application – Standard Form AEA 23046 Page 32 of 35 10/04/2022 • Procuring all necessary equipment and materials Refer to the RFA and/or the pre-requisite checklists for the required activities and deliverables for each project phase. Please describe below and attach any required documentation. HEA/AEEC has existing RFPs for similar work that can be used as templates to quickly and efficiently specify and solicit the equipment and resources required to compete this Reconnaissance Study and Resource Assessment. AEEC will work with Hilcorp to be ready to quickly move if a grant is awarded. 8.2 Demand- or Supply-Side Efficiency Upgrades If you have invested in energy efficiency projects that will have a positive impact on the proposed project, and have chosen to not include them in the economic analysis, applicants should provide as much documentation as possible including: 1. Explain how it will improve the success of the RE project 2. Energy efficiency pre and post audit reports, or other appropriate analysis, 3. Invoices for work completed, 4. Photos of the work performed, and/or 5. Any other available verification such as scopes of work, technical drawings, and payroll for work completed internally. HEA/AEEC has installed the largest Battery Energy Storage System (BESS) in Alaska. It has been tested, found able to exceed the maximum discharge rates specified in procurement contracts, and will allow more flexible, efficient operation of our current thermal and future renewable assets. With capacities of 46.5 MW and 93 MWh, this $41M project was untaken to give HEA the ability to bring large intermittent projects online without incurring the costs of rapidly cycling thermal units and without adversely affecting the Railbelt grid. SECTION 9 – LOCAL SUPPORT AND OPPOSITION Describe local support and opposition, known or anticipated, for the project. Include letters, resolutions, or other documentation of local support from the community that would benefit from this project. Provide letters of support, memorandum of understandings, cooperative agreements between the applicant, the utility, local government, and project partners. The documentation of support must be dated within one year of the RFA date of October 4, 2022. Please note that letters of support from legislators will not count toward this criterion. Included as Attachment B are letters of support from the following: Erin McKittrick, the Board President, Alaska Electric and Energy Cooperative. Kurtis Gibson, Vice President, Hilcorp Alaska, LLC. Kenai Peninsula Economic Development District. Tony Izzo, CEO, Matanuska Electric Association. Brentwood Higman, Ground Truth Alaska. SECTION 10 – COMPLIANCE WITH OTHER AWARDS Identify other grants that may have been previously awarded to the Applicant by AEA for this or any other project. Describe the degree you have been able to meet the requirements of previous grants including project deadlines, reporting, and information requests. Homer Electric Association through its wholly own subsidiary Kenai Hydro, completed some Phase I Reconnaissance studies, which were completed in January 2009 and were partially funded by a $100,000 AEA grant. Kenai Hydro received partial funding for Phase II activities in the amount of $2,000,000 through two separate awards of $816,000 and of $1,184,400 through AEA Renewable Renewable Energy Fund Round 15 Grant Application – Standard Form AEA 23046 Page 33 of 35 10/04/2022 Energy Grants. Kenai Hydro complied with all terms of the grant agreements from previously award grants, which included timely quarterly progress reports, delivery of agreed upon deliverables, and closeout of the grants. HEA/AEEC was the recipient of four Phase II wind resource assessment feasibility grants and a Phase III final design grant for a landfill gas project in the AEA REF Round 14 solicitation. The finalized AEA grant agreements for the wind projects were received on 10/31/2022 and the finalized landfill gas grant agreement was received on 11/14/2022 so we are just getting started on the administration and compliance requirements of those grants but AEEC has the processes in place to ensure compliance with these grants. SECTION 11 – LIST OF SUPPORTING DOCUMENTATION FOR PRIOR PHASES In the space below, please provide a list of additional documents attached to support completion of prior phases. NA SECTION 12 – LIST OF ADDITIONAL DOCUMENTATION SUBMITTED FOR CONSIDERATION In the space below, please provide a list of additional information submitted for consideration. Attachment A: Resumes, submitted as a separate file Attachment B: Letters of Support Attachment C: Board Resolution & Authorization Attachment D: BESS Informational Flyer Attachment E: Hilcorp Middle Ground Shoal Platform Vicinity Map SECTION 13 – AUTHORIZED SIGNERS FORM Community/Grantee Name: Regular Election is held: Date: Authorized Grant Signer(s): Printed Name Title Term Signature I authorize the above person(s) to sign Grant Documents: (Must be authorized by the highest-ranking organization/community/municipal official) Alaska Electric & Energy Cooperative, Inc. Annually June Bradley P. Janorschke General Manager N/A Renewable Energy Fund Round 15 Grant Application – Standard Form AEA 23046 Page 34 of 35 10/04/2022 Printed Name Title Term Signature Grantee Contact Information: Mailing Address: Phone Number: Fax Number: Email Address: Federal Tax ID #: Please submit an updated form whenever there is a change to the above information. SECTION 14 – ADDITIONAL DOCUMENTATION AND CERTIFICATION SUBMIT THE FOLLOWING DOCUMENTS WITH YOUR APPLICATION: A. Contact information and resumes of Applicant’s Project Manager, Project Accountant(s), key staff, partners, consultants, and suppliers per application form Section 3.1, 3.4 and 3.6. Applicants are asked to provide resumes submitted with applications in separate electronic documents if the individuals do not want their resumes posted to the project web site. B. Letters or resolutions demonstrating local support per application form Section 9. C. For projects involving heat: Most recent invoice demonstrating the cost of heating fuel for the building(s) impacted by the project. D. Governing Body Resolution or other formal action taken by the applicant’s governing body or management per RFA Section 1.4 that: • Commits the organization to provide the matching resources for project at the match amounts indicated in the application. • Authorizes the individual who signs the application has the authority to commit the organization to the obligations under the grant. • Provides as point of contact to represent the applicant for purposes of this application. • Certifies the applicant is in compliance with applicable federal, state, and local, laws including existing credit and federal tax obligations. Bradley P. Janorschke General Manager N/A 3977 Lake Street, Homer, AK 99603 907-235-8551 907-235-3323 bjanorschke@homerelectric.com 92-0177236 Renewable Energy Fund Round 15 Grant Application – Standard Form AEA 23046 Page 35 of 35 10/04/2022 E. An electronic version of the entire application on CD or other electronic media, per RFA Section 1.7. F. CERTIFICATION The undersigned certifies that this application for a renewable energy grant is truthful and correct, and that the applicant is in compliance with, and will continue to comply with, all federal and state laws including existing credit and federal tax obligations and that they can indeed commit the entity to these obligations. Print Name Signature Title Date AEEC Cook Inlet Oil Platform Wind Project REF Round 15 Application Attachment A: Resumes (attached as a separate file) AEEC Cook Inlet Oil Platform Wind Project REF Round 15 Application Attachment B: Letters of Local Support To whom it may concern, Homer Electric Association (HEA) is a member-owned electric cooperative serving customers on the Kenai Peninsula, governed by a nine-member board. As a democratically elected body, our board represents the interests of HEA’s 25,000 members, and speaks on their behalf. In our commitment to providing affordable and reliable electricity, we regularly review the cooperative’s finances, analyzing cost drivers, risks, and opportunities. Natural gas costs are responsible for around a third of members’ bills. This gas is only available from a single source, and at the time of our last contract negotiation, only from a single provider. That provider has stated that there is a strong likelihood of gas shortages in the future, and encouraged its customers to reduce dependence on its natural gas. HEA’s gas contract will be the first to expire in the Railbelt, in early 2024, making the need to reduce gas dependence particularly urgent for our members. The board has determined that this reliance on a single energy source is a substantial risk to our members. We have created an ambitious renewable energy policy to address this issue, seeking 50% renewable energy by 2025. We have determined that incorporating diverse renewable sources of energy into our energy portfolio will benefit HEA members, reduce our vulnerability to price or supply shocks, and reduce upward pressure on electric rates. For the past several years, HEA has been assessing wind resources, collaborating with IPPs and other Railbelt utilities to assess the technical and economic feasibility at numerous sites. To our knowledge no measurement of offshore wind has been performed in South Central Alaska but desktop-level reconnaissance work is promising. This project could identify a previously undocumented resource within a few miles of the existing grid. Offshore wind is often stronger and more consistent than onshore wind, but with higher capital costs. The existing oil platform infrastructure could substantially reduce these capital costs, while providing HEA with a motivated partner eager to find a use for that infrastructure -- which would otherwise be expensive to decommission.. This project could provide higher-capacity-factor wind, a new use for existing infrastructure, downward pressure on electric rates, and reduced vulnerability to natural gas supply or price shocks. I encourage AEA to fund this request towards wind resource assessment at existing Cook Inlet oil platforms. Sincerely, Erin McKittrick Board President, Alaska Electric and Energy Cooperative (Alaska Electric and Energy Cooperative is a generation and transmission cooperative with HEA as its sole member, sharing a governing body. AEEC is responsible for generating and providing all the energy to HEA) To Whom it may Concern: I am a resident of the Kenai Peninsula, a Homer Electric Association ratepayer, and executive director of Ground Truth Alaska, a local science education nonprofit. I'd like to express my support for HEA's proposed study of two possible renewable energy projects in Cook Inlet: Geothermal at Augustine Volcano, and wind generation on oil platforms in upper Cook Inlet. The need for diverse renewable energy on our electric grid is urgent. Currently we rely almost exclusively on natural gas, but we need to move away from this as quickly as possible. We need this transition first because we have no other choice - the natural gas supply in Cook Inlet is dwindling, and we are very likely to face increasingly dire shortages in the coming years and decades. Additionally, we have to do our part in the face of a climate emergency - both the CO2 emissions from combustion, and fugitive methane that escapes from our aged and thinly spread gas lines and distribution. Wind generators atop abandoned platforms seems worth studying - available estimates of wind energy show upper Cook Inlet as having excellent wind potential. The details of installation, maintenance, transmission, and generation variability will all bear on whether this is a practical source of electricity - exactly the analysis that the proposed study will attempt. Geothermal production at Augustine Volcano is in some ways more speculative - the transmission distances are long, and geologic hazards may doom a project here. However, this very active volcano could be a major source of electricity, providing baseload or even balancing generation to complement variable renewables such as wind and solar. The devil is in the details, but I strongly support a careful study of the potential before we rule out this potentially beneficial development. I would suggest that some consideration be given to combining geothermal energy production at Augustine with offshore wind near Anchor Point, since they might benefit from the same transmission infrastructure, and the geography appears favorable for offshore wind in this area. Thank you for your consideration, Bretwood Higman, Executive Director December 2, 2022 Email: grants@akenergyauthority.org Grants Coordinator Alaska Energy Authority (AEA) 813 West Northern Lights Blvd. Anchorage, AK 99503 Re: Support of Homer Electric Association’s REF Round 15 Grant Application To whom it may concern: Alaska Renewables LLC (AKR) is a privately-held company seeking to develop wind projects around the Railbelt. Alaska Renewables LLC strongly supports HEA's request for funding via AEA's REF 15, with a particular interest in HEA's application to utilize existing oil platforms in Cook Inlet for the installation of offshore wind. Feasibility work towards making sustainable use of existing stranded infrastructure, potentially reducing the complexity of installation, and ultimately identifying cost-effective alternatives for energy security is critical to Electric Cooperative Members. Fuel diversity will play a key role in the future of Alaska's sustainable energy transition, to create downward pressure on rates and minimize risk of future cost increases as natural gas becomes scarcer. Offshore wind costs have dramatically decreased in recent years, and starting close-to-home with these large power plants makes the existing platforms an excellent launch pad for bringing this industry to Alaska. The resulting publicly-available met data from the platform will give, for the first time, some Cook Inlet offshore wind data such that IPPs such as AKR as well as off-takers like the Railbelt utilities can all compare and contrast on-shore and off-shore prospects more objectively, as well as seek system optimization among multiple power plants. Sincerely, Matt Perkins CEO Alaska Renewables LLC DocuSign Envelope ID: 7CA93A32-71D1-48CE-96D8-72738532BEC2 AEEC Cook Inlet Oil Platform Wind Project REF Round 15 Application Attachment C: Board Resolution & Authorizations Alaska Electric and Energy Cooperative, Inc. 3977 Lake Street  Homer, Alaska 99603  (907) 235-8551 RESOLUTION 01.2022.12 GRANT FUNDING AUTHORIZATION FOR COOK INLET OIL PLATFORM WIND PROJECT BE IT RESOLVED that Alaska Electric & Energy Cooperative, Inc. (AEEC) hereby authorizes the General Manager to proceed with the Alaska Energy Authority (AEA) application process to seek grant funding for the Cook Inlet Oil Platform Wind project. CERTIFICATION I, Jim Duffield, do hereby certify that I am the Secretary/Treasurer of Alaska Electric & Energy Cooperative, Inc., and that the foregoing resolution was adopted at a meeting of the Directors of Alaska Electric & Energy Cooperative, Inc., held on November 15, 2022, at which meeting a quorum was present. Jim Duffield, Secretary/Treasurer Alaska Electric and Energy Cooperative, Inc. 3977 Lake Street  Homer, Alaska 99603  (907) 235-8551 CERTIFICATE OF GENERAL MANAGER OF ALASKA ELECTRIC AND ENERGY COOPERATIVE, INC. (AEEC) IN SUPPORT OF COOK INLET OIL PLATFORM WIND PROJECT GRANT APPLICATION I am the General Manager of Alaska Electric and Energy Cooperative, Inc. (the “Cooperative”). I am authorized by the Board of Directors of the Cooperative pursuant to Board Policy 203, and by formal action of the Board of Directors of the Cooperative at a meeting held on November 15, 2022 to certify as follows: 1. The Board of Directors of the Cooperative has authorized the application for project funding and agrees that the Cooperative will honor the match amounts contained in the application to which this certificate is attached. 2. The Cooperative is in good standing with respect to any existing credit and federal tax obligations. Signed and dated in Homer, Alaska, on November 15, 2022. ____________________________________ Bradley P. Janorschke General Manager AEEC Cook Inlet Oil Platform Wind Project REF Round 15 Application Attachment D: BESS Informational Flyer Battery ENERGY STORAGE SYSTEM potential savings Fuel Reduction: 477,074 MCF/yr CO2 Total Reduction: 28,320.35 tons/yr CO2 Reduction/Day: 77.59 tons/day Fuel Efficiency Increase: 11.49% (*Based on actual vs. modeled for January - June 2019) For more details contact: Brad Janorschke HEA General Manager (907) 283-2312 bjanorschke@ homerelectric.com The BESS Project is a 93 megawatt hour (MWh) energy storage system sited at our Soldotna, Alaska Facilities as depicted above. BESS will be in service in late 2021 and has a projected cost of $38 million. BESS site Regulation, spinning reserve and emergency reserve. Integration of renewables (wind, solar, tidal). Islanding or Bradley Lake outages no longer require a second thermal unit. Potential to sell Spin/Regulation. Provides system stability by reducing frequency swings and load sheds. Helps to stabilize energy costs during islanding events. benefitsBATTERY SUPPLY 37 battery units with integrated chargers and inverters, control system and monitoring. 93 mwh storage 46 mw for 2 hours delivered power soldotna combustion turbine facility soldotna substation Alaska Electric & Energy Cooperative, Inc. AEEC Cook Inlet Oil Platform Wind Project REF Round 15 Application Attachment E: Hilcorp Middle Ground Shoal Platform Vicinity Map " " "" " " " " " " " " ! East Foreland BakerLAT: 60.828673LON: -151.48589NAD 1983T09N-R13W SEC. 31 DillonLAT: 60.734892LON: -151.514971NAD 1983T08N-R13W SEC. 35 A C DILLON CIFO OSK Heliport MGSOnshore EAST FORELAND Platform ALAT: 60.795223LON: -151.497796NAD 1983T08N-R13W SEC. 11 Platform CLAT: 60.763413LON: -151.504296NAD 1983T08N-R13W SEC. 23 Outfall LocationLAT: 60.738646LON: -151.353565NAD 1983Platform C to Platform APlatform A to MGS Onshore WEST MCARTHURRIVER UNIT TRADINGBAY UNIT REDOUBT UNIT KITCHENLIGHTS UNIT MIDDLE GROUNDSHOAL UNIT 16 15 1417 3 4 3 2 1 6 5 4 3 2 16 15 14 13 18 17 16 15 22 19 20 21 22 23 27 30 29 28 27 26 34 33 34 35 36 31 32 33 34 35 10 9 10 11 12 7 8 9 10 11 14 35 34 201924 2930252627 4561 10 1415 32313635 16171813 2423 1718131415 2221201924232221201924232221 25 262728293025262728282930252627 363534333433323136353433323136 23456123234561 23 11109871211109871211109871211 18131415161718131415161718131415 25262728 2423222120192423222120192423 29302526272829302526 32313635 34 3332313635 5612345612 871211 871211109S009N014WS009N013WS009N014WS008N014WS009N013WS009N012WS009N013WS008N014WS009N013WS008N013W S009N012WS009N011WS009N012WS008N013W S009N012WS008N012W S009N011WS008N011W S008N014WS008N013WS008N014WS007N014W S008N013WS008N012WS008N013WS007N013W S008N012WS008N011WS008N012WS007N012W S008N011WS007N011W S007N014WS007N013WS007N013WS007N012WS007N012WS007N011WK E N A I S P U R H W Y E03,800 7,600 Feet 0 725 1,450 Meters Map Date: 11/16/2022 Hilcorp Middle Ground Shoal PlatformsBaker, Platforms A, C and DillonHEA Wind Assessment Legend Existing Pipelines "Offshore Platform "Hilcorp Onshore Facilities Parcels Oil and Gas Units " "" " " " " """" " " "" " "" " " " " " " " " " " " " " ! ! ! ! Nikolai Creek Bishop CreekChuitna River M id dle River Tyonek Creek Big River Chuitna River M c A rth ur River Kustatan River Swans on Ri verKenai Nikiski Tyonek Soldotna KALOAJCT. EFFACILITY DRIFT RIVER CIFO TBPF KPL JCT GPTF Ladd Landing Moose Point Pad MGS ! ! ! !! Alaska CanadaNome Juneau Fairbanks Anchorage Utqiagvik (Barrow) Area of Detail Document Path: O:\Alaska\GIS\cook_inlet\infrastructure\pipelines\MGS\mxds\CookInlet_Pipelines_MGS_AToShore_PipelineReplacement_TWUPA_Fig1_11x17L_v01.mxd