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HomeMy WebLinkAbout2 Kenai Hydro REF Round VIII Grant Application FinalGRANT LAKE HYDROELECTRIC PROJECT REF Round VIII Grant Application Renewable Energy Fund Round VIII Grant Application - Standard Form AEA 15003 Page 1 of 29 7/2/14 Application Forms and Instructions This instruction page and the following grant application constitutes the Grant Application Form for Round VIII of the Renewable Energy Fund. A separate application form is available for projects with a primary purpose of producing heat (see RFA section 1.5). This is the standard form for all other projects, including projects that will produce heat and electricity. An electronic version of the Request for Applications (RFA) and both application forms is available online at: http://www.akenergyauthority.org/REFund8.html.  If you need technical assistance filling out this application, please contact Shawn Calfa, the Alaska Energy Authority Grants Administrator at (907) 771-3031 or at scalfa@aidea.org.  If you are applying for grants for more than one project, provide separate application forms for each project.  Multiple phases for the same project may be submitted as one application.  If you are applying for grant funding for more than one phase of a project, provide milestones and grant budget for each phase of the project.  In order to ensure that grants provide sufficient benefit to the public, AEA may limit recommendations for grants to preliminary development phases in accordance with 3 ACC 107.605(1).  If some work has already been completed on your project and you are requesting funding for an advanced phase, submit information sufficient to demonstrate that the preceding phases are completed and funding for an advanced phase is warranted.  If you have additional information or reports you would like the Authority to consider in reviewing your application, either provide an electronic version of the document with your submission or reference a web link where it can be downloaded or reviewed.  In the sections below, please enter responses in the spaces provided, often under the section heading. You may add additional rows or space to the form to provide sufficient space for the information, or attach additional sheets if needed. REMINDER:  Alaska Energy Authority is subject to the Public Records Act AS 40.25, and materials submitted to the Authority may be subject to disclosure requirements under the act if no statutory exemptions apply.  All applications received will be posted on the Authority web site after final recommendations are made to the legislature.  In accordance with 333 (b) Applicants may request trade secrets or proprietary company data be kept confidential subject to review and approval by the Authority. If you want information is to be kept confidential the applicant must: o Request the information be kept confidential. o Clearly identify the information that is the trade secret or proprietary in their application. o Receive concurrence from the Authority that the information will be kept confidential. If the Authority determines it is not confidential it will be treated as a public record in accordance with AS 40.25 or returned to the applicant upon request. Renewable Energy Fund Round VIII Grant Application - Standard Form AEA 15003 Page 2 of 29 7/2/14 SECTION 1 – APPLICANT INFORMATION Name (Name of utility, IPP, or government entity submitting proposal) Kenai Hydro LLC Type of Entity: Fiscal Year End: Independent Power Producer December 31 Tax ID # Tax Status: ☒ For-profit ☐ Non-profit ☐ Government (check one) Date of last financial statement audit: Mailing Address: Physical Address: 3977 Lake Street, Homer, AK 9960 Same Telephone: Fax: Email: 907-283-2375 907-335-6213 msalzetti@homerelectric.com 1.1 APPLICANT POINT OF CONTACT / GRANTS MANAGER Name: Mikel Salzetti Title: Manager Renewable Energy Development Mailing Address: 3977 Lake Street, Homer, AK 9960 Telephone: Fax: Email: 907-283-2375 907-335-6213 msalzetti@homerelectric.com 1.1.1 APPLICANT ALTERNATE POINTS OF CONTACT Name Telephone: Fax: Email: Bradley P. Janorschke 907-283-2312 907-283-7122 bjanorschke@homerelectric.com Renewable Energy Fund Round VIII Grant Application - Standard Form AEA 15003 Page 3 of 29 7/2/14 1.2 APPLICANT MINIMUM REQUIREMENTS Please check as appropriate. If you do not to meet the minimum applicant requirements, your application will be rejected. 1.2.1 As an Applicant, we are: (put an X in the appropriate box) ☐ An electric utility holding a certificate of public convenience and necessity under AS 42.05, or ☒ An independent power producer in accordance with 3 AAC 107.695 (a) (1), or ☐ A local government, or ☐ A governmental entity (which includes tribal councils and housing authorities) 1.2 APPLICANT MINIMUM REQUIREMENTS (continued) Please check as appropriate. ☒ 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 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 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 http://www.akenergyauthority.org/REFund8.html. (Any exceptions should be clearly noted and submitted with the application.) (Indicate 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) Renewable Energy Fund Round VIII Grant Application - Standard Form AEA 15003 Page 4 of 29 7/2/14 SECTION 2 – PROJECT SUMMARY This section is intended to be no more than a 2-3 page overview of your project. 2.1 Project Title – (Provide a 4 to 7 word title for your project). Type in space below. Grant Lake Hydroelectric Project 2.2 Project Location – Include the physical location of your project and name(s) of the community or communities that will benefit from your project in the subsections below. 2.2.1 Location of Project – Latitude and longitude, 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 at 907-771-3031. The project would be harnessing the hydro energy of the Grant Lake watershed located ne ar Moose Pass, Alaska. Latitude: 60°27'40.74"N Longitude: 149°20'14.18"W 2.2.2 Community benefiting – Name(s) of the community or communities that will be the beneficiaries of the project. Persons benefitted would be the utility customers on the Kenai Peninsula. 2.3 PROJECT TYPE Put X in boxes 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 ☐ Reconnaissance ☒ Final Design and Permitting ☐ Feasibility and Conceptual Design ☐ Construction Renewable Energy Fund Round VIII Grant Application - Standard Form AEA 15003 Page 5 of 29 7/2/14 2.4 PROJECT DESCRIPTION Provide a brief one paragraph description of the proposed project. The Grant Lake Hydroelectric Facility would consist of 5 MW of installed capacity with an average annual output of 19,500 MWh of energy, installed on the Grant lake watershed near Moose Pass, Alaska. The proposed Project is comprised of an intake structure in Grant Lake, a tunnel, a surge tank, a penstock, a powerhouse, a tailrace detention pond, a switchyard with disconnect switch & step-up transformer, and an overhead or underground transmission line. The intake would be in Grant Lake near its outlet. Water would be conveyed from the intake through a 3200’ tunnel and a150 foot penstock to a powerhouse containing two Francis-type turbines. The powerhouse would be located near the bank of Grant Creek and would discharge through a tailrace into Grant Creek. A transmission line would connect the facility to the Railbelt grid near Moose Pass. The layout has been recently revised to minimize the Project footprint. The current design omits the construction of a diversion structure (dam) at the outlet of Grant Lake. All 13-feet of storage that will be utilized for power generation will be drawn from below the natural lake outlet. The tailrace channel, which returns flow from the powerhouse to Grant Creek, will be located at the upstream side of Reach 4. Supplemental water will be routed from the intake tunnel to provide instream flows for fish in the bypass reach (Reach 5).This tailrace location ensures that the reaches with the best natural habitat for fish will not be dewatered. Please see the attached Grant Lake Hydroelectric Project Operations and Fisheries Habitat Technical Memo for a more detailed project description and plan of operation. 2.5 PROJECT BENEFIT Briefly discuss the financial and public benefits that will result from this project, (such as reduced fuel costs, lower energy costs, local jobs created, etc.) Energy from the Grant Lake Project would reduce the consumption of carbon-based energy sources, thereby helping to improve air quality in Kenai Peninsula and conserve the Cook Inlet’s limited supply of natural gas. In the first 50 years of operation this project will reduce the amount of CO2 released on the Kenai Peninsula by over 500,000 tons. This renewable energy would also assist in stabilizing the long term price of power to consumers, and it would be a significant step in diversifying HEA’s generation portfolio and would assist in the State of Alaska’s state renewable energy goal. As with most hydroelectric facilities, this project has high upfront costs. However, in the first 50 years of existence the project shows an NPV Net Benefit of $14,497,040 with a B/C Ratio of 1.27. These values are conservative in nature because they do not account for current and future grant funds or potential Legislative appropriations possible for the project. Additionally the project economics are based upon a 50 year life expectancy, however current estimates for hydroelectric life expectancy stretch to 100 years. This project represents a long term invest in Alaska that will produce clean, renewable power for Alaskans throughout this century. 2.6 PROJECT BUDGET OVERVIEW Briefly discuss the amount of funds needed, the anticipated sources of funds, and the nature and source of other contributions to the project. Phase Description Value 1 Reconnaissance Study $131,442 2 Resource Monitoring, Feasibility & Conceptual Design $5,712,558 3 Final Design & Permitting $4,875,528 Renewable Energy Fund Round VIII Grant Application - Standard Form AEA 15003 Page 6 of 29 7/2/14 4 Construction & Commissioning $48,348,280 TOTAL PROJECT COST $59,067,808 Kenai Hydro has received $2,100,000 in grant funds. Homer Electric has spent or committed to spend $3,744,000. It is anticipated that the balance of funds will come from a combination of financing, Federal grants, State grants, private grants and possible Legislative appropriation. 2.7 COST AND BENEFIT SUMMARY Include a summary of grant request and your project’s total costs and benefits below. Costs for the Current Phase Covered by this Grant (Summary of funds requested) 2.7.1 Grant Funds Requested in this application $4,000,000 2.7.2 Cash match to be provided $725,528 2.7.3 In-kind match to be provided $150,000 2.7.4 Other grant funds to be provided $0 2.7.5 Total Costs for Requested Phase of Project (sum of 2.7.1 through 2.7.4) $4,875,528 Other items for consideration 2.7.6 Other grant applications not yet approved $0 Renewable Energy Fund Round VIII Grant Application - Standard Form AEA 15003 Page 7 of 29 7/2/14 Project Costs & Benefits (Summary of total project costs including work to date and future cost estimates to get to a fully operational project) 2.7.7 Total Project Cost Summary from Cost Worksheet, Section 4.4.4, including estimates through construction. $59,067,808 2.7.8 Additional Performance Monitoring Equipment not covered by the project but required for the Grant Only applicable to construction phase projects $0 2.7.9 Estimated Direct Financial Benefit (Savings) The economic model used by AEA is available at www.akenergyauthority.org/REFund8.html. This economic model may be used by applicants but is not required. Other economic models developed by the applicant may be used, however the final benefit/cost ratio used will be derived from the AEA model to ensure a level playing field for all applicants. $14,497,040 2.7.10 Other Public Benefit If you can calculate the benefit in terms of dollars please provide that number here and explain how you calculated that number in Section 5 below. $0 SECTION 3 – PROJECT MANAGEMENT PLAN Describe who will be responsible for managing the project and provide a plan for successfully completing the project within the scope, schedule and budget proposed in the application. 3.1 Project Manager Tell us who will be managing the project for the Grantee and include contact information, a resume and references for the manager(s). In the electronic submittal, please submit resumes as separate PDFs if the applicant would like those excluded from the web posting of this application. 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. Mr. Mike Salzetti will continue in his role as project manager. Mike has been with the Grant Lake Hydroelectric project since June of 2010. He has over 13 years of project management experience and played an integral role in the design of Homer Electric’s new generation facilities. Mr. Salzettis’ contact information in shown in Section 1.1 of this application and his professional qualifications are included. Mr. Salzetti has the guidance, support, staffing, and resources of Homer Electric Association, the sole owner of Kenai Hydro LLC, to support him in all phases of this project. Renewable Energy Fund Round VIII Grant Application - Standard Form AEA 15003 Page 8 of 29 7/2/14 3.2 Project Schedule and Milestones Please fill out the schedule below. Be sure to identify key tasks and decision points in 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 of your proposed project. Please fill out form provided below. You may add additional rows as needed. Milestones Tasks Start Date End Date LICENSING, LAND ACQUSITION & PERMITTING 100 FERC NEPA Preparation 10/1/2015 3/1/2016 105 Issue Draft License for Public Comment 3/1/2016 3/1/2016 110 Public Comment Period 3/1/2016 6/1/2016 115 Issue Final License 6/1/2016 9/1/2016 200 Acquire Land and Easements 8/1/2015 6/1/2016 205 404 Permit 7/1/2015 4/1/2017 210 USFS Special Use 7/1/2015 4/1/2016 220 NPDES or APDES Permit 3/1/2017 4/1/2017 FINAL ENGINEERING AND FERC PLANS 300 Geotechnical Field Explorations 7/1/2015 10/1/2015 305 Additional Topographic Mapping 7/1/2015 10/1/2015 310 Prepare Engineering Design Bid Package 7/1/2015 8/1/2015 315 Bid Period 8/1/2015 9/1/2015 320 Review and Select Engineering Contractor 9/1/2015 10/1/2015 325 Prepare 50% Plans and Specifications 10/1/2015 1/30/2016 330 Prepare 90% Plans and Specifications 1/30/2016 6/1/2016 335 Prepare 100% Plans and Specifications 6/2/2016 9/1/2016 340 Issue Stamped/Signed Construction Documents 11/1/2016 11/1/2016 345 Prepare QCIP 9/1/2016 11/1/2016 350 Prepare Environmental Plans 1/30/2016 9/1/2016 355 Prepare Construction Plans 6/2/2016 11/1/2016 360 FERC Review and Approval to Construct 11/1/2016 1/30/2017 365 Prepare Water-to-Wire Bid Package 10/1/2015 1/1/2016 375 Bid Period 1/1/2016 3/1/2016 380 Review and Select Vendor 3/1/2016 4/1/2016 385 Limited Award for Shop Drawings 4/1/2016 5/1/2016 3.3 Project Resources Describe the personnel, contractors, personnel or firms, equipment, and services you will use to accomplish the project. Include any partnerships or commitments with other entities you have or anticipate will be needed to complete your project. Describe any existing contracts and the selection process you may use for major equipment purchases or contracts. Include brief resumes and references for known, key personnel, contractors, and suppliers as an attachment to your application. Renewable Energy Fund Round VIII Grant Application - Standard Form AEA 15003 Page 9 of 29 7/2/14 Mr. Mike Salzetti will be responsible for project management and direct oversight of the project development. He has the guidance, support and staffing of his parent organization for managing this project from its current state through final project design and permitting. Kenai Hydro LLC, whose sole member is the Homer Electric Association (HEA), was created to evaluate and develop the site as a low impact hydroelectric facility. Kenai Hydro, LLC has contracted well-qualified consultants to conduct the natural resources studies, engineering feasibility assessments and licensing consultation services. Kenai Hydro will continue its successful partnership with McMillen (formerly Long View Associates) as a licensing and permitting consultant. Mr. Cory Warnock with McMillen who has been involved with the project since 2011 will continue in his role as Licensing & Permitting Consultant, his resume and qualifications are attached. In addition to their role as Licensing Consultant, McMillen was the lead contractor in the natural resources study effort to bring this phase of the project in on time and under budget. The final design contract will be awarded on a competitive bid process per established HEA policies. 3.4 Project Communications Discuss how you plan to monitor the project and keep the Authority informed of the status. Please provide an alternative contact person and their contact information. 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. Additionally, AEA can access the Kenai Hydro website (www.kenaihydro.com) that serves as a conduit for information, including a library of existing information, a calendar of events, and a repository for contact information for interested parties. Alternative Contact: Bradley P. Janorschke, General Manager (907) 283-2312 bjanorschke@homerelectric.com 3.5 Project Risk Discuss potential problems and how you would address them. Kenai Hydro is very encouraged by the natural resources study results for this project and the proposed operating scenario resulting from this information. Kenai Hydro has engaged in significant and positive consultation and collaboration with Stakeholders and believes that all issues that have been identified can be addressed with a suite of protection, mitigation and enhancement (PM&E) measures and engineered solutions that will be identified in the Draft and Final License Applications. Over the course of the last year Kenai Hydro (KHL) has made extensive progress with respect to developing a mutually acceptable re-route of the proposed Iditarod National Historic Trail (INHT) through the Grant Lake Hydroelectric Project Area. In the early fall of 2013, KHL’s recreational contractor surveyed the Grant Lake Project Area for potential re-route options and identified a potential trail corridor that, based on professional opinion, increases the user experience over what Renewable Energy Fund Round VIII Grant Application - Standard Form AEA 15003 Page 10 of 29 7/2/14 is currently delineated and facilitates development of the Project, as currently proposed. That path was marked and a series of maps and a presentation were developed. On November 3, 2013, HEA met with Stakeholders to present this routing option and collaborate on an appropriate process for reaching agreement on the re-route. Based on that meeting and some follow-up discussions, it was agreed that the development of a Memorandum of Understanding (MOU) amongst all parties would be a suitable approach for documenting agreement. Fundamental to the MOU is the agreement that once a FERC Hydroelectric License is secured, all parties will reconvene to discuss the intricacies of the re-route (additional study need, construction, funding, etc.) prior to developing the trail through the Project Area. Since that initial meeting, further delineation of the re-route location has internally occurred and a site visit with all requisite Stakeholders was held on July 15, 2014 to describe those details. A follow-up visit occurred on July 31st to assist in insuring all Stakeholders were given the opportunity to view the route and receive the appropriate amount of detail. Subsequent to the site visit and based on consultation, HEA internally developed a draft MOU. The MOU is currently being re viewed by all parties for any needed revisions. Once that review is complete, the document will be finalized by KHL and sent around to all Stakeholder representatives for signature. The intent once signed, is for the MOU to be appended to the FERC Hydroelectric License Application to document the agreement and provide FERC with the needed context to assist in assuring them that ancillary issues will not preclude development if a license is issued. 3.6 Project Accountant(s) Tell us who will be performing the accounting of this Project for the Grantee and include contact information, a resume and references for the project accountant(s). In the electronic submittal, please submit resumes as separate PDFs if the applicant would like those excluded from the web posting of this application. If the applicant does not have a project accountant indicate how you intend to solicit project management support. Diana Imlay, Accounting Supervisor 907-235-3397 dimlay@homerelectric.com Resume attached. 3.7 Financial Accounting System Discuss the accounting system that will be used to account for project costs and whom will be the primary user of the accounting system. South Eastern Data Corporation (SEDC). Julia Clymer, Controller 3.8 Financial Management Controls Discuss 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 Renewable Energy Fund Grant Program. Attached: Board Policy #306, Corporate Services Contracts Board Policy #401, Contracting & Purchasing Management Directive #305, Purchasing Authority and Definitions Management Directive #306, Procurement Renewable Energy Fund Round VIII Grant Application - Standard Form AEA 15003 Page 11 of 29 7/2/14 ECTION 4 – PROJECT DESCRIPTION AND TASKS The level of information will vary according to phase(s) of the project you propose to undertake with grant funds. If some work has already been completed on your project and you are requesting funding for an advanced phase, submit information sufficient to demonstrate that the preceding phases are satisfied and funding for an advanced phase is warranted. 4.1 Proposed Energy Resource Describe the potential extent/amount of the energy resource that is available. Discuss 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. 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. Using the hydrology data and the habitat parameters identified in the natural resources studies, KHL’s consultant (McMillen), developed an operational study. An energy generation model was then developed to simulate the Project under these proposed operations. Utilizing the average daily inflows from the composite hydrology record, the anticipated annual energy production would be 19,500,000 kilowatt-hours. A copy of the Project Operations and Fisheries Habitat Technical Memo documenting this work is attached to the grant application. Pros Hydropower is renewable, long-lived, efficient, dispatchable and environmentally responsible energy that emits no greenhouse gases, waste or air pollution. It uses readily available technologies, it is low maintenance, displaces consumption of fossil fuels, and it provides long-term price stability to energy consumers. This particular facility could greatly enhance HEA’s spinning reserve capacity which provides an additional fuel savings. Hydropower opportunities on the Kenai Peninsula are extremely limited; potential resources have been catalogued by the US Geological Survey – Water Resources of Alaska. Proximity to the Railbelt grid, low impact and available energy recommend a Grant Lake hydro facility to be atop the short list of viable Kenai Peninsula renewable resources. The most expedient solution to local energy needs is construction of natural gas-fired generation. These units are less expensive to procure and install, require a much shorter time to permit, and have a relatively small footprint compared to hydro power. However, gas-fired units are not sustainable, subject to market-driven fuel pricing and availability, shorter lived, cost more to operate and maintain, and emit greenhouse gases. Cons Disadvantages of hydropower include high initial investment, relatively long time required to permit/license, and potential impact on habitats and water quality. Included with this application are the following project documents: Grant Lk Fisheries Assessment Final Report Grant Lk Geomorphology Final Report Grant Lk IFIM Final Report Grant Lk Macroinvertebrate Final Report Grant Lk RecVis Final Report Renewable Energy Fund Round VIII Grant Application - Standard Form AEA 15003 Page 12 of 29 7/2/14 Grant Lk Terr Final Report June Grant Lk WQ-Hydrology Final Report TM001-Grant Creek Hydrologic Analysis-Final TM002-Grant Creek Hydraulic Analysis-Final TM003-Grant Lake Hydroelectric Project Operations and Fisheries Habitat – Final A Cultural Resources report was completed but due to the sensitive nature of its content it was not included with the grant application. 4.2 Existing Energy System 4.2.1 Basic configuration of Existing Energy System Briefly discuss the basic configuration of the existing energy system. Include information about the number, size, age, efficiency, and type of generation. Nikiski Combined Cycle Plant (Steam/Gas) 80 MW CT 1984, ST 2014 Soldotna Combustion Turbine Plant (Gas) 48 MW 2014 Bernice Lake Combustion Turbine Plant (Gas) 80 MW 3 Units 1971, 1978, 1981 Bradley Lake Hydroelectric Project (hydro) 14 MW 1991 4.2.2 Existing Energy Resources Used Briefly discuss your understanding of the existing energy resources. Include a brief discussion of any impact the project may have on existing energy infrastructure and resources. HEA’s power supply portfolio primarily consists of natural gas-fired generation and some hydro- electric power. HEA’s large portion of gas-fired generation (90%) strongly influences HEA’s rates, and is subject to wide price volatility. HEA is also seeking to diversify its generation portfolio. Part of this diversification is to develop renewable generation. The proposed project would represent approximately 4 % of HEA’s energy needs, and would be a significant step in adding renewable energy to its portfolio. No impact on existing energy infrastructure or resources foreseen. 4.2.3 Existing Energy Market Discuss existing energy use and its market. Discuss impacts your project may have on energy customers. The primary market for this project’s energy is HEA consumers, and a secondary market is other Railbelt electric utilities. This project will have the following positive impacts on the existing energy system and its customers: 1. Incrementally stabilize the long-term price of power. 2. Provide 4 % of HEA’s immediate generation needs from clean, renewable hydropower. 3. Offset and reduce greenhouse gas emissions. 4. Provide stored, dispatchable energy and spinning reserve. 5. Opportunity to reduce Bradley Lake transmission losses and constraints via hydro power trades. 4.3 Proposed System Describe the system you are intending to develop and address potential system design, land ownership, permits, and environmental issues. 4.3.1 System Design Renewable Energy Fund Round VIII Grant Application - Standard Form AEA 15003 Page 13 of 29 7/2/14 Provide the following information for the proposed renewable energy system:  A description of renewable energy technology specific to project location  Optimum installed capacity  Anticipated capacity factor  Anticipated annual generation  Anticipated barriers  Basic integration concept  Delivery methods The proposed Project consists of constructing a new 5-Megawatt hydroelectric facility on Grant Lake and Grant Creek near Moose Pass, Alaska. The new Project would divert water from Grant Lake and deliver the flow to a powerhouse located near the outlet of the existing Grant Creek natural, incised rock canyon downstream from Reach 5. The Project would include the following major components: • An intake structure in Grant Lake. • A tunnel extending from the lake intake to just east of the powerhouse. • A penstock and surge tank located at the west end of the tunnel. • A powerhouse with two Francis turbines providing a combined 5-Megawatt output. The maximum design flow will be approximately 385 cfs. • Tailrace detention pond. • Switchyard with disconnect switch and step-up transformer. • An overhead or underground transmission line. • Access road from the Seward Highway to the powerhouse and extending up to the intake structure at Grant Lake. • A pole mounted disconnect switch where the transmission line intersects the main power transmission line. The layout has been revised to minimize the Project footprint. The current design does not include the construction of a diversion structure (dam) at the outlet of Grant Lake. All 13-feet of storage that will be utilized for power generation will be drawn from below the natural lake outlet. The tailrace channel, which returns flow from the powerhouse to Grant Creek, will be located at the upstream of Reach 4. This tailrace location ensures that the reaches with the best natural habitat for fish will not be dewatered. The detention pond will be utilized to allow the powerhouse to meet the spin requirements without resulting in drastic changes to in-channel flows. Anticipated Capacity Factor of 45% Anticipated Annual Generation of 19,500,000 Kwh Anticipated Barriers – None The power would be integrated via economic dispatch through HEA’s dispatch system Power would be delivered to the Railbelt grid via a one mile long transmission line from the powerhouse to existing transmission infrastructure located along the Seward Highway. 4.3.2 Land Ownership 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. Renewable Energy Fund Round VIII Grant Application - Standard Form AEA 15003 Page 14 of 29 7/2/14 The legal description and ownership of lands (ADNR 2006) within the proposed project boundary are provided in the table below. All land is referenced to the Seward Meridian. Un-shaded rows pertain to the Grant Lake outlet and Grant Creek. Shaded rows include Grant Lake in its entirety and potential transmission areas. Township Range Section Ownership 5N 1W 36 Private 5N 1E 27 USDA Forest Service 5N 1E 28 USDA Forest Service 5N 1E 29 USDA Forest Service 5N 1E 30 State patented land 5N 1E 31 State patented land 5N 1E 32 State patented land 5N 1E 33 USDA Forest Service 5N 1E 34 USDA Forest Service 5N 1E 35 USDA Forest Service 5N 1E 36 USDA Forest Service 4N 1E 1 USDA Forest Service 4N 1E 2 USDA Forest Service 4N 1E 3 USDA Forest Service 4N 1E 5 USDA Forest Service 4N 1E 6 State patented land 4N 1E 7 State patented land 4N 1W 1 Private 4N 1W 12 Private 4.3.3 Permits Provide the following information as it may relate to permitting and how you intend to address outstanding permit issues.  List of applicable permits  Anticipated permitting timeline  Identify and discuss potential barriers Permits  A permit to invoke the Traditional License Program has been granted by FERC  A 1st & 2nd Preliminary Permit has been granted by FERC  A FERC Draft License Application 2/2015  A FERC Final License 5/2016  USDA Forest Service, Special Use Application (SUA) 5/2016  Alaska Railroad Corp., Access Road & Transmission Line ROW Crossing of Tracks 5/2016  Transmission Line Right-of-Way, lease or purchase agreements 5/2016  AKDNR, Water Rights 5/2016 No known potential barriers 4.3.4 Environmental Address whether the following environmental and land use issues apply, and if so how they will be addressed:  Threatened or endangered species  Habitat issues  Wetlands and other protected areas Renewable Energy Fund Round VIII Grant Application - Standard Form AEA 15003 Page 15 of 29 7/2/14  Archaeological and historical resources  Land development constraints  Telecommunications interference  Aviation considerations  Visual, aesthetics impacts  Identify and discuss other potential barriers An extensive suite of natural resources studies have been completed on this project. The results of these studies are included with this grant application in the following reports:  Grant Lk Fisheries Assessment Final Report  Grant Lk Geomorphology Final Report  Grant Lk IFIM Final Report  Grant Lk Macroinvertebrate Final Report  Grant Lk RecVis Final Report  Grant Lk Terr Final Report June  Grant Lk WQ-Hydrology Final Report * A Cultural Resources report was completed but due to the sensitive nature of its content it was not included with the grant application. Kenai Hydro is very encouraged by the natural resources study results for this project and the proposed operating scenario resulting from this information. Kenai Hydro has engaged in significant and positive consultation and collaboration with Stakeholders and believes that all issues that have been identified can be addressed with a suite of protection, mitigation and enhancement (PM&E) measures and engineered solutions that will be identified in the Draft and Final License Applications. 4.4 Proposed New System Costs and Projected Revenues (Total Estimated Costs and Projected Revenues) The level of cost information provided will vary according to the phase of funding requested and any previous work the applicant may have done on the project. Applicants must reference the source of their cost data. For example: Applicants records or analysis, industry standards, consultant or manufacturer’s estimates. 4.4.1 Project Development Cost Provide detailed project cost information based on your current knowledge and understanding of the project. Cost information should include the following:  Total anticipated project cost, and cost for this phase  Requested grant funding  Applicant matching funds – loans, capital contributions, in-kind  Identification of other funding sources  Projected capital cost of proposed renewable energy system  Projected development cost of proposed renewable energy system Total anticipated project cost $59,067,808, Phase III anticipated costs $4,875,528 Phase III grant request is for $4,000,000. Kenai Hydro will match the grant funds with $725,528 of cash and $150,000 of in-kind administrative and project management labor. Renewable Energy Fund Round VIII Grant Application - Standard Form AEA 15003 Page 16 of 29 7/2/14 Kenai Hydro has received $2,100,000 in previous renewable energy grant funds for Phase I & II work. Homer Electric has spent or committed to spend $3,744,000. It is anticipated that the balance of funds will come from a combination of financing, Federal grants, State grants, private grants and possible Legislative appropriation. Phase Description Value 1 Reconnaissance Study $131,442 2 Resource Monitoring, Feasibility & Conceptual Design $5,712,558 3 Final Design & Permitting Final Engineering $3,548,601 Land Acquisition and Easements $500,000 Licensing and Permitting $676,927 KHL \ HEA Project Administration & Management $150,000 Final Design & Permitting Total $4,875,528 4 Construction & Commissioning General Conditions $5,115,000 Mobilization / Demobilization $1,405,000 Project Access $2,498,000 Tunnel and Bypass Boring $16,001,000 Steel Penstock $769,000 Intake Structure $3,928,000 Powerhouse and Substation Site Civil $249,000 Powerhouse $3,896,000 Detention Pond $343,000 Substation/Switchyard $385,000 Electrical $3,405,000 Transmission Line $1,105,000 Turbine/Generator Equipment $4,774,000 Construction Supervision and Administration $4,175,280 Owner Administration $300,000 Construction & Commissioning Total $48,348,280 Anticipated Total Project Cost $59,067,808 In developing the budget estimates for final engineering and construction, the recent hands on experience at the Allison Creek and Blue Lake Hydroelectric projects was used as the basis for developing the Grant Lake Project cost estimates. The understanding gained from these projects of the environmental, regulatory, and FERC requirements for the design and construction of a hydroelectric project in the State of Alaska were applied to ensure a comprehensive and representative project cost. The site specific challenges for construction at the Grant Lake project were also incorporated into the estimate including establishing access, short construction windows, challenging weather conditions, and manpower/equipment acquisition. Specific assumptions and sources used in developing the estimate included the following:  Equipment costs for the turbine/generator equipment were obtained from manufacturers for the proposed two unit powerhouse configuration. Quotes assumed a water-to-wire Renewable Energy Fund Round VIII Grant Application - Standard Form AEA 15003 Page 17 of 29 7/2/14 package which included all required mechanical and electrical equipment for the powerhouse. These budget estimates were then compared to other similar constructed projects to ensure consistency.  Tunnel costs were based on the actual completed production rates for the Allison Creek and Blue Lake tunnels. Estimated both the linear foot cost as well as cubic yard cost to determine average cost per linear foot. Rock projected at Grant Lake is similar to that found at Allison.  Transmission line costs were based on actual bids received for Allison Creek, which were then adjusted to account for easier access for the line construction, as compared to the Allison where access had to be constructed.  Substation costs were developed based on actual costs for the Allison and Blue Lake equipment and field construction at Allison which has a similar powerhouse size.  Powerhouse costs were developed based on a developed footprint of the powerhouse and unit costs developed for similar projects for concrete placement, powerhouse building, etc. The Allison Creek project provided a solid basis for production rates such as concrete placement, excavation, and building costs including electrical and balance of plant.  General conditions and mobilization/demobilization costs were based on actual costs from the Allison and Blue Lake projects for equipment and materials shipment from Seattle via barge. Housing and administrative costs were developed reflecting the short summer construction season and limited housing availability near the project site.  Engineering costs were developed based on a detailed scope and labor breakdown to reflect the Grant Lake Project. Specifically, the engineering level of detail and documentation to meet FERC expectations was incorporated into the estimate.  Construction administration and supervision costs were developed based on the FERC requirements for the Allison Creek and Blue Lake project. Staffing levels were developed to provide a FERC mandated level of oversight in the field. Office engineering support was reflective of the actual level of effort required for the Allison and Blue Lake projects. 4.4.2 Project Operating and Maintenance Costs Include anticipated O&M costs for new facilities constructed and how these would be funded by the applicant. (Note: Operational costs are not eligible for grant funds however grantees are required to meet ongoing reporting requirements for the purpose of reporting impacts of projects on the communities they serve.) Operations and maintenance will be financed through typical utility accounting procedures using revenue generated by the hydro facility and other utility cash flows. The facility would be essentially unmanned requiring only periodic inspection and routine maintenance. Annual O &M costs are anticipated to be about $112,551 (in 2014 dollar) per year which is easily supported by the projects expected annual revenue. 4.4.3 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  Proposed rate of return from grant-funded project Renewable Energy Fund Round VIII Grant Application - Standard Form AEA 15003 Page 18 of 29 7/2/14 Energy from the project will be sold to Homer Electric Association (HEA) for the benefit of its customers at prevailing rates. It should be noted that the project would incrementally stabilize long term electricity rates. It is likely that the acceptable rate-of-return will be kept to single-digit margins. A secondary market is other Railbelt utilities. 4.4.4 Project Cost Worksheet Complete the cost worksheet form which provides summary information that will be considered in evaluating the project. Please fill out the form provided below. Renewable Energy Source The Applicant should demonstrate that the renewable energy resource is available on a sustainable basis. Annual average resource availability. 19,500,000 Kwh based upon project Hydrology Unit depends on project type (e.g. windspeed, hydropower output, biomass fuel) Existing Energy Generation and Usage a) Basic configuration (if system is part of the Railbelt1 grid, leave this section blank) i. Number of generators/boilers/other N/A ii. Rated capacity of generators/boilers/other iii. Generator/boilers/other type iv. Age of generators/boilers/other v. Efficiency of generators/boilers/other b) Annual O&M cost (if system is part of the Railbelt grid, leave this section blank) i. Annual O&M cost for labor N/A ii. Annual O&M cost for non-labor c) Annual electricity production and fuel usage (fill in as applicable) (if system is part of the Railbelt grid, leave this section blank) i. Electricity [kWh] N/A ii. Fuel usage Diesel [gal] Other iii. Peak Load iv. Average Load v. Minimum Load 1 The Railbelt grid connects all customers of Chugach Electric Association, Homer Electric Association, Golden Valley Electric Association, the City of Seward Electric Department, Matanuska Electric Association and Anchorage Municipal Light and Power. Renewable Energy Fund Round VIII Grant Application - Standard Form AEA 15003 Page 19 of 29 7/2/14 vi. Efficiency vii. Future trends d) Annual heating fuel usage (fill in as applicable) i. Diesel [gal or MMBtu] N/A ii. Electricity [kWh] iii. Propane [gal or MMBtu] iv. Coal [tons or MMBtu] v. Wood [cords, green tons, dry tons] vi. Other Proposed System Design Capacity and Fuel Usage (Include any projections for continued use of non-renewable fuels) a) Proposed renewable capacity (Wind, Hydro, Biomass, other) [kW or MMBtu/hr] 5 MW b) Proposed annual electricity or heat production (fill in as applicable) i. Electricity [kWh] 19,500,000 Kwh ii. Heat [MMBtu] c) Proposed annual fuel usage (fill in as applicable) i. Propane [gal or MMBtu] N/A ii. Coal [tons or MMBtu] iii. Wood or pellets [cords, green tons, dry tons] iv. Other Project Cost a) Total capital cost of new system $51,896,881 b) Development cost $7,170,927 c) Annual O&M cost of new system $112,551 d) Annual fuel cost $0 Project Benefits a) Amount of fuel displaced for i. Electricity 9,555,000 MMBtu ii. Heat iii. Transportation Renewable Energy Fund Round VIII Grant Application - Standard Form AEA 15003 Page 20 of 29 7/2/14 b) Current price of displaced fuel c) Other economic benefits d) Alaska public benefits Power Purchase/Sales Price a) Price for power purchase/sale N/A Project Analysis a) Basic Economic Analysis Project benefit/cost ratio 1.27 Payback (years) 22 Year Simple payback per AEA Economic Model 4.4.5 Impact on Rates Briefly explain what if any effect your project will have on electrical rates in the proposed benefit area. If the is for a PCE eligible utility please discuss what the expected impact would be for both pre and post PCE. Depending on available grant funds, Legislative appropriations, long term financing rates and term, it is estimated that the project will not negatively impact rates and could potentially help to stabilize rates. Over the long term, 30 to 100 year out the project will reduce electric rates. SECTION 5– PROJECT BENEFIT Explain the economic and public benefits of your project. Include direct cost savings, and how the people of Alaska will benefit from the project. The benefits information should include the following:  Potential annual fuel displacement (gallons and dollars) over the lifetime of the evaluated renewable energy project  Anticipated annual revenue (based on i.e. a Proposed Power Purchase Agreement price, RCA tariff, or cost based rate)  Potential additional annual incentives (i.e. tax credits)  Potential additional annual revenue streams (i.e. green tag sales or other renewable energy subsidies or programs that might be available)  Discuss the non-economic public benefits to Alaskans over the lifetime of the project Potential Fuel Displacement According to the AEA Economic Model, it is estimated that $171,628,469 can be saved in avoided fuel cost over the first 50-year of the project. Anticipated Annual Revenue 4th quarter 2014 HEA rates are $0.22029 / Kwh. At 19,500,000 Kwh per year the annual revenue would be $4,295,655. Renewable Energy Fund Round VIII Grant Application - Standard Form AEA 15003 Page 21 of 29 7/2/14 Potential Additional Annual Incentives The potential tax credits are purely speculative, and will depend on the form of the business entity that carries the project into licensing, construction and operation Potential Additional Annual Revenue Streams It may be possible to sell Renewable Energy Credits engendered by this project. The renewable energy will incrementally stabilize the long term price of power providing an attractive incentive to potential local businesses. It may also be possible to sell spinning reserve capacity from this asset when HEA is not utilizing the spin from this facility. Non-Economic Public Benefit The energy from the project would reduce consumption of carbon-based energy sources, and help to improve air quality in Kenai Peninsula Borough. The project would also be an important step in diversifying HEA’s future generation portfolio. 5.1 Public Benefit for Projects with Private Sector Sales Projects that include sales of power to private sector businesses (sawmills, cruise ships, mines, etc.), please provide a brief description of the direct and indirect public benefits derived from the project as well as the private sector benefits and complete the table below. See section 1.6 in the Request for Applications for more information. Renewable energy resource availability (kWh per month) N/A Estimated sales (kWh) Revenue for displacing diesel generation for use at private sector businesses ($) Estimated sales (kWh) Revenue for displacing diesel generation for use by the Alaskan public ($) SECTION 6– SUSTAINABILITY Discuss your plan for operating the completed project so that it will be sustainable. Include at a minimum:  Proposed business structure(s) and concepts that may be considered.  How you propose to finance the maintenance and operations for the life of the project  Identification of operational issues that could arise.  A description of operational costs including on-going support for any back-up or existing systems that may be require to continue operation  Commitment to reporting the savings and benefits Operations and maintenance will be financed through typical utility accounting procedures using revenue generated by the hydro facility and other utility cash flows. The facility would be essentially unmanned requiring only periodic inspection and routine maintenance. Annual O &M costs are anticipated to be about $112,551 (in 2014 dollar) per year which is easily supported by the project’s expected annual revenue. Renewable Energy Fund Round VIII Grant Application - Standard Form AEA 15003 Page 22 of 29 7/2/14 SECTION 7 – READINESS & COMPLIANCE WITH OTHER GRANTS Discuss what you have done to prepare for this award and how quickly you intend to proceed with work once your grant is approved. Tell us what you may have already accomplished on the project to date and identify other grants that may have been previously awarded for this project and the degree you have been able to meet the requirements of previous grants. The reconnaissance associated with Phase I was completed in 2009, the results of which suggested pursuing feasibility work. To that end, Field Studies were initiated in 2009 and executed through July of 2010. An authorization to proceed to licensing using the Traditional License Program was granted by FERC on 9/15/2009. Numerous agency and interested shareholder forums have been held, and public comment processes have been undertaken. The FERC scoping process has been completed and FERC issued Scoping Document 2 for this project on 8/23/2010. Natural Resources Study Plans were finalized in 2012 and those Plans were executed in 2013. The results of the Natural Resources Studies were shared with Stakeholder and Agencies in early 2014 and a collaborative approach to develop an acceptable operations scheme is currently ongoing as part of the process to develop a FERC Draft License Application (DLA). Kenai Hydro anticipates issuing a DLA for public comment in February of 2015. Kenai Hydro maintains a website, www.kenaihydro.com that documents project progress. Phase 1 Reconnaissance studies, which were completed in January 2009, 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 Energy Grants. As shown in Section 3.2 Project Schedule and Milestones, Kenai hydro has a detailed schedule to start the Phase III work of Final Design and Permitting as soon as Grant funds are available if the project is selected as a grant recipient. SECTION 8 – LOCAL SUPPORT AND OPPOSITION Discuss local support and opposition, known or anticipated, for the project. Include letters of support or other documentation of local support from the community that would benefit from this project. The Documentation of support must be dated within one year of the RFA date of July 2, 2014 As with all projects of this nature, the local public is somewhat polarized with respect to their viewpoint. Some Moose Pass residents have expressed their adamant support for the Project while others are opposed. Based on some conversations that have occurred between Kenai Hydro, their consultants and the local public, we believe that some of the opposition is the result of uncertainty related to Project specifics, benefit to the community and some misinformation that has been distributed. KHL is in the process of cataloging all public comments and will be holding a local, public forum in the next two months to address all questions and concerns. The HEA board of directors, which represents approximately 31,000 member-owners, has shown consistent support for renewable energy projects. Additionally, HEA has been encouraged by its members to explore alternative sources of sustainable power supply, lessen its reliance on natural gas fuel, and stabilize rates. Attached you will find letters of support for this project from Speaker of the Alaska State House, Representative Mike Chenault and Alaska State Representative Kurt Olson (jointly signed); Alaska Renewable Energy Fund Round VIII Grant Application - Standard Form AEA 15003 Page 23 of 29 7/2/14 State Representative Paul Seaton; Alaska State Senator Peter Micciche; Alaska State Senator Cathy Giessel and the Kenai Peninsula Economic District. SECTION 9 – GRANT BUDGET Tell us how much you are seeking in grant funds. Include any investments to date and funding sources, how much is being requested in grant funds, and additional investments you will make as an applicant. 9.1 Funding sources and Financial Commitment Provide a narrative summary regarding funding source and your financial commitment to the project Investments to Date Phase I Reconnaissance Study $131,442 Phase II Resource Monitoring $5,712,558 Total Investment (including committed funds) of $5,844,000 which includes $2,100,000 of previous Renewable Energy Grant funds Requested Grant Funds Phase III Final Design& Permitting Grant Request $4,000,000 Cash Match $725,528 In-Kind Labor Match $150,000 Additional Investments As stated previously, it is anticipated that the balance of construction funds will come from a combination of financing, Federal grants, State grants, private grants and possible Legislative appropriation. 9.2 Cost Estimate for Metering Equipment Please provide a short narrative, and cost estimate, identifying the metering equipment, and its related use to comply with the operations reporting requirement identified in Section 3.15 of the Request for Applications. N/A – The grant request is for Phase III, Final Design & Permitting Expenses Renewable Energy Fund Round VIII Grant Application - Standard Form AEA 15003 Page 24 of 29 7/2/14 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 and Commissioning). Please use the tables provided below to detail your proposed project’s budget. Be sure to use one table for each phase of your project. 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 at 907-771-3031 or by emailing the Grants Administrator, Shawn Calfa, at scalfa@aidea.org. 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 Phase III $ $ $ LICENSING & PERMITTING 4/1/2017 $572,680 $104,247 Cash $676,927 LAND ACQUSITION & EASEMENTS 6/1/2016 $423,000 $77,000 Cash $500,000 FINAL ENGINEERING 1/30/2017 $3,004,320 $544,278 Cash $3,548,598 KENAI HYDRO PM & ADMIN 4/1/2017 $ $150,000 In-Kind $150,000 $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ TOTALS $4,000,000 $875,528 $4,875,525 Budget Categories: Direct Labor & Benefits $ $150,000 $150,000 Travel & Per Diem $ $ $ Equipment $ $ $ Materials & Supplies $ $ $ Contractual Services $4,000,000 $725,525 $4,725,525 Construction Services $ $ $ Other $ $ $ TOTALS $4,000,000 $875,525 $4,875,525 Renewable Energy Fund Round VIII Grant Application - Standard Form AEA 15003 Page 25 of 29 7/2/14 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 Milestone list below. ) $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ TOTALS $ $ $ Budget Categories: Direct Labor & Benefits $ $ $ Travel & Per Diem $ $ $ Equipment $ $ $ Materials & Supplies $ $ $ Contractual Services $ $ $ Construction Services $ $ $ Other $ $ $ TOTALS $ $ $ Renewable Energy Fund Round VIII Grant Application - Standard Form AEA 15003 Page 26 of 29 7/2/14 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 Milestone list below. ) $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ TOTALS $ $ $ Budget Categories: Direct Labor & Benefits $ $ $ Travel & Per Diem $ $ $ Equipment $ $ $ Materials & Supplies $ $ $ Contractual Services $ $ $ Construction Services $ $ $ Other $ $ $ TOTALS $ $ $ Renewable Energy Fund Round VIII Grant Application - Standard Form AEA 15003 Page 27 of 29 7/2/14 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 Milestone list below. ) $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ TOTALS $ $ $ Budget Categories: Direct Labor & Benefits $ $ $ Travel & Per Diem $ $ $ Equipment $ $ $ Materials & Supplies $ $ $ Contractual Services $ $ $ Construction Services $ $ $ Other $ $ $ TOTALS $ $ $