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HomeMy WebLinkAbout091914_AEA - Neck Lake Hydro - REF Round VIII September 19, 2014 Alaska Energy Authority AEA 15003 Renewable Energy Grant Application 813 West Northern Lights Blvd. Anchorage, AK 99503 RE: Neck Lake Hydroelectric Project Phase II & III Grant Application AEA 15003 Renewable Energy Grant Application Dear AEA: Enclosed in response to RFA AEA 15003 Renewable Energy Grant Application program, is an application requesting funding for the Neck Lake Hydroelectric Project for Phase II & III activities. If you have any questions, please call either Glen Martin (Resource Assessment & Permits) 360-385-1733 x122, Karl Wood (Grant Funds Administrator) 360-385-1733 x128, or Bob Grimm (President) 360-385-1733 x120. Sincerely, Glen D. Martin Resource Assessment & Permits Enc. (as stated) Renewable Energy Fund Round VIII Grant Application - Standard Form 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. AEA 15003 Page 1 of 45 7/2/14 Renewable Energy Fund Round VIII Grant Application - Standard Form SECTION 1 – APPLICANT INFORMATION Name (Name of utility, IPP, or government entity submitting proposal) Alaska Power Company (APC) – A Subsidiary of Alaska Power & Telephone Co. (AP&T) Type of Entity: Fiscal Year End: Utility December, 2014 Tax ID #92-0153693 Tax Status: ☒ For-profit ☐ Non-profit ☐ Government (check one) Date of last financial statement audit: April, 2014 (Available in AP&T Annual Report) Mailing Address: Physical Address: Glen Martin [Same] PO Box 3222 Port Townsend, WA 98368 Telephone: Fax: Email: 360-385-1733 x 122 360-385-7538 Glen.m@aptalaska.com 1.1 APPLICANT POINT OF CONTACT / GRANTS MANAGER Name: Title: Glen Martin Permitting & Licensing Manager Mailing Address: Alaska Power Company PO Box 3222 Port Townsend, WA 98368 Telephone: Fax: Email: 360-385-1733 x 122 360-385-7538 glen.m@aptalaska.com 1.1.1 APPLICANT ALTERNATE POINTS OF CONTACT Name Telephone: Fax: Email: Robert Grimm 360-385-1733 x 120 Bob.g@aptalaska.com Jason Custer 907-225-1950 x 29 Jason.c@aptalaska.com Karl Wood 360-385-1733 x 128 Karl.w@aptalaska.com AEA 15003 Page 2 of 45 7/2/14 Renewable Energy Fund Round VIII Grant Application - Standard Form 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) AEA 15003 Page 3 of 45 7/2/14 Renewable Energy Fund Round VIII Grant Application - Standard Form 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. Neck Lake Hydropower Project: Phases II-III 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. Google Maps calculation: 56.097806.-133.138525 2.2.2 Community benefiting – Name(s) of the community or communities that will be the beneficiaries of the project. The project will benefit the community Whale Pass, Alaska. The most recently available AEA PCE report identifies $0.59 kWh pricing for this service region, with an average PCE payment of $0.37 per eligible kilowatt hour.1 Approximately 57% of kilowatt hours sold are subject to PCE subsidization. 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 1 Source: http://www.akenergyauthority.org/PDF%20files/pcereports/FY13StatisticalRptComt.pdf AEA 15003 Page 4 of 45 7/2/14 Renewable Energy Fund Round VIII Grant Application - Standard Form 2.4 PROJECT DESCRIPTION Provide a brief one paragraph description of the proposed project. Alaska Power Company (APC), a subsidiary of Alaska Power & Telephone (AP&T), requests $391,200 in AEA REF Round VIII funding for Phase II and Phase III activities for the Neck Lake hydropower project. APC will provide $97,800 cash match to AEA funding. The 124 kW Neck Lake Hydroelectric Project will be located below the outlet of Neck Lake, approximately 1.5 miles southwest of the community of Whale Pass on Prince of Wales Island, Alaska. The Project will supply as much as 450,000 kilowatt hours of energy per year to the community of Whale Pass, offsetting diesel generation, which is currently the sole source of electricity for residents. The relatively high and modulated flows from the lake combined with the steep drop at the lower end of the outlet stream provide an attractive opportunity for a small run-of-river hydroelectric project. Project features would include an access road, intake structure, 400 feet of penstock, a containerized power plant, a tailrace channel, and 4 miles of distribution line upgrades. The hydroelectric facilities will be designed to avoid interference with the existing salmon rearing and collection facilities operated at Neck Lake by the Southern Southeast Regional Aquaculture Association (SSRAA). A letter of support from the SSRAA is enclosed. APC conducted a reconnaissance study of the site in 2009 and determined that there is sufficient potential to almost always provide enough generation meeting 100% of current and future Whale Pass loads. This Project will provide clean, renewable electricity, as well as rate stabilization and lower rates for APC’s Whale Pass customers. 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.) The Neck Lake Hydroelectric Project will reduce the cost of electricity to the residents of Whale Pass, who presently pay $0.59/kWh (excluding PCE subsidy). APC estimates that diesel generation would decrease by about 99.5% at current load levels, with some diesel required occasionally when flow in the stream is low. This would decrease fuel costs for APC, creating significant savings which would be passed on to APC’s customers. APC estimates an approximate 50% savings for the rate payers, dropping rates to approximately $0.29/kwh, based on recon-level financial and economic analysis. Phase II analysis will improve the accuracy of this number. The State of Alaska currently subsidizes 57% of energy consumed in Whale Pass through the Power Cost Equalization Program, and would receive a significant proportion of energy cost-savings, with the remainder of cost savings being realized by Whale Pass customers. The Neck Lake hatchery is central to many commercial and recreational opportunities; the long term sustainability of this facility is vital to the region’s economic well-being. The Neck Lake hydropower project will help assure long-term sustainability of the Neck Lake hatchery’s operations by providing affordable hydropower at approximately half the cost of current diesel-fired generation, with pricing remaining stabile long term. Lower energy costs would help support development of a sustainable, stable economy in Whale Pass. At present, families and businesses within the community experience significant hardship due to high energy costs. Some customers remain off-grid, or have discontinued APC service because of the high cost of power – these customers would likely connect into the Whale pass micro-grid if the Neck Lake hydropower project is built. Other benefits to the Alaskan public would be a decrease in the environmental impacts of diesel generation by APC or self- generation by Whale Pass residents (e.g. air pollution, noise pollution, fuel spills, etc.).  Replaces approximately 99.5% of diesel-fired generation of electricity in the Whale Pass region. AEA 15003 Page 5 of 45 7/2/14 Renewable Energy Fund Round VIII Grant Application - Standard Form  Provides more affordable renewable energy, reducing energy costs from $0.59 to $0.29 / kWh in year one, increasing over time as the cost of diesel fuel rises. (Estimates based on recon-level financial and economic modelling.)  State PCE statistics indicate that 57% of total kWh sold in FY13 are PCE-eligible kWh; if this ratio holds true, the State of Alaska would realize significant PCE subsidization savings, with approximately 43% of cost-savings being realized by current ratepayers.2  Helps to support the State of Alaska’s goal of 50% renewable energy by 2025.  Will stabilize energy prices long term by reducing dependency upon diesel fuel – a volatile commodity with pricing which escalates significantly faster than inflation.  By replacing diesel-fired generation, the project will reduce emissions, avoid “social cost of carbon” costs, and will reduce ambient noise associated with operation of diesel-fired generators in Whale Pass. This includes liability, risk, and noise associated with many “off-grid” residents’ dispersed small generators.  Leverages private investment in renewables, allowing the private sector to share project development costs and risks.  Reduces operating costs for resident businesses, supporting business retention, growth and expansion.  Supports new economic development in the northern Prince of Wales region.  Helps assure long-term sustainability of the Neck Lake hatchery’s operations by providing affordable hydropower at approximately half the cost of current diesel-fired generation, with pricing remaining stabile long term. The Neck Lake hatchery is central to many commercial and recreational opportunities; the long term sustainability of this facility is vital to the region’s economic well-being. The hydroelectric facilities will be designed to avoid interference with the existing salmon rearing and collection facilities operated at Neck Lake by the Southern Southeast Regional Aquaculture Association (SSRAA). APC and SSRAA have agreed to work cooperatively to develop a hydropower project that will be junior to all needs of the Neck Lake hatchery, and will assure no adverse impacts to the hatchery or salmon runs. The SSRAA has provided a letter of support, which is enclosed.  Reduces operating expenses for essential community facilities, helping to support long-term sustainability.  Allows Whale Pass to “home source” its energy supply from local, renewable sources, reducing fuel purchases made outside of the community.  Reduces dependence on foreign oil.  Project avoids 16,313 tons (32,626,000 lbs) of carbon dioxide placed in the air over a 50 year operating period; also avoids approximately 408 tons of NOx emissions over 50 years. Remember that hydropower projects last for 100+ years, at minimum 2 Source: Most recently available AEA PCE report: http://www.akenergyauthority.org/PDF%20files/pcereports/FY13StatisticalRptComt.pdf AEA 15003 Page 6 of 45 7/2/14 Renewable Energy Fund Round VIII Grant Application - Standard Form doubling these avoidances. The State of Alaska’s econometric model provides the following fuel displacement and carbon dioxide avoidance values:  Reduces the need to transport fuel to Whale Pass, lowering the potential for leaks and spills. Transferring fuel to APC’s storage tank would be less frequent, reducing the potential for spills during fueling, and keeping groundwater safer for the area. A hatchery operated by the Southern Southeast Regional Aquaculture Association (SSRAA) is located on the Neck Lake outlet stream, as shown below in Exhibit 1. The hydroelectric facilities will be designed to be junior to all of SSRAA’s needs, and avoid any and all interference with the existing salmon rearing and collection facilities. APC and SSRAA have agreed to work cooperatively to develop a hydropower project design which will assure zero adverse impacts to the hatchery or salmon runs, and fully protect SSRAA’s interests and operational requirements. The Neck Lake hatchery is central to many commercial and recreational opportunities; the long term sustainability of this facility is vital to the region’s economic well-being. The Neck Lake hydropower project will assure long-term sustainability of the Neck Lake hatchery’s operations by providing affordable hydropower at approximately half the cost of current diesel-fired generation, with pricing remaining stabile long term. This will help sustain the viability of commercial and recreational fishery resources long term. Performance Unit Value Displaced Electricity kWh per year 450,000 Displaced Electricity total lifetime kWh 22,500,000 Displaced Petroleum Fuel gallons per year 32,143 Displaced Petroleum Fuel total lifetime gallons 1,607,143 Displaced Natural Gas mmBtu per year - Displaced Natural Gas total lifetime mmBtu - Avoided CO2 tonnes per year 326 Avoided CO2 total lifetime tonnes 16,313 AEA 15003 Page 7 of 45 7/2/14 Renewable Energy Fund Round VIII Grant Application - Standard Form EXHIBIT 1: SSRAA HATCHERY AND NECK LAKE HYDROPOWER PROJECT LAYOUT 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. Neck Lake Hydro: Phase II-III Budget Overview Phase II of this project requires a total of $169,000 to: complete environmental studies; complete consultations with SSRAA, FERC, and resource agencies; conduct a feasibility analysis; and finalize the conceptual design. APC requests $135,200 AEA REF funding for Phase II, and will provide $33,800 cash match. Phase III of this project requires a total of $320,000 to: develop project final design; write the environmental assessment; continue agency consultation; complete a FERC license application filing; AEA RE- Fund Grant Funds Grantee Matching Funds Source of Matching Funds: Cash/In- Kind/Federal Grants/Other State Grants/Other TOTALS Total Cost - Phase II $135,200.00 $33,800.00 APC $169,000.00 Total Cost - Phase III $256,000.00 $64,000.00 APC $320,000.00 Grand Totals - Phase II & Phase III Activities $391,200.00 $97,800.00 APC $489,000.00 AEA 15003 Page 8 of 45 7/2/14 Renewable Energy Fund Round VIII Grant Application - Standard Form respond to FERC’s additional information requests (AIR); finalize agency permitting; and address any additional field studies needed to satisfy agency requirements. APC requests $256,000 AEA REF funding for Phase III, and will provide $64,000 cash match. APC’s cumulative Phase II-III request is for a total of $391,200 AEA REF funding, which will be matched by $97,800 in cash provided by APC out of its normal operating funds. This represents an 80% grant / 20% cash match ratio. Please see Section 4.4 Proposed New System Costs and Projected Revenues for a break-down of costs and funding sources by phase. The construction costs indicated in Section 4.4 and 9 of this application were developed in September of 2014, based on site reconnaissance conducted in 2009. Construction costs may change by the time final design is completed, and will be updated subsequent to Phase II and Phase III activities proposed for AEA REF funding. In Round II of the REF program, APC was awarded $108,000 for completion of a conceptual design, environmental surveys, and a feasibility report. Part of these funds were used to develop and submit a filing for a FERC jurisdictional determination. FERC determined that a license would be required for this project. Of the total amount of the grant funding, only $22,474.73 was expended. These funds were used to support activities including surveying and mapping, preparation of the FERC jurisdictional determination filling, and conceptual design. FERC’s finding that a license would be required resulted in APC terminating project activities due to concerns about increased project development costs. However, FERC has recently developed a small hydropower licensing track that should significantly expedite the licensing process and reduce the licensing costs associated with a small project such as Neck Lake. The availability of this licensing track – in conjunction with diesel cost escalation estimates and key findings of the SEIRP – have lead APC to conclude that it is in the best interest of the ratepayers of Whale Pass to resume efforts to pursue the Neck Lake hydropower project. This finding is supported by updated reconnaissance- level financial and economic analysis completed by APC in September of 2014. Phase II and III project activities and budgets have been updated to reflect current conditions. 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 Phase II = $135,200 Phase III = $256,000 _________________ Total = $391,200 2.7.2 Cash match to be provided Phase II = $33,800 Phase III = $64,000 _________________ AEA 15003 Page 9 of 45 7/2/14 Renewable Energy Fund Round VIII Grant Application - Standard Form Total = $97,800 (State grant funds to be matched on a 1:1 basis) 1. New Match to New State Investment: N/A 2. Match to Date: $22,474 spent before closing the grant 3. Funds currently available: APC will direct matching funds from its existing O&M budget. 2.7.3 In-kind match to be provided $NA 2.7.4 Other grant funds to be provided $NA 2.7.5 Total Costs for Requested Phase of Project (sum of 2.7.1 through 2.7.4) = $489,000 Other items for consideration 2.7.6 Other grant applications not yet approved None AEA 15003 Page 10 of 45 7/2/14 Renewable Energy Fund Round VIII Grant Application - Standard Form 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. $3,011,474.73 2.7.8 Additional Performance Monitoring Equipment not covered by the project but required for the Grant Only applicable to construction phase projects Does not apply 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. The AEA’s financial model provides a BCR of 0.65, but does not include PCE savings for the State of Alaska. APC anticipates that construction-phase grant funding will be required for the project to generate a positive BCR. The project will help support long-term sustainability of Neck Lake hatchery operations by providing affordable hydropower at approximately half the cost of current diesel-fired generation, with pricing remaining stabile long term. This will support and sustain the vitality of commercial and recreational fishing resources in the region. See below for output of AEA model. 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. State PCE statistics indicate that 57% of total kWh sold in FY13 are PCE-eligible kWh; if this ratio holds true, the State of Alaska would realize significant PCE subsidization savings, with approximately 43% of cost- AEA 15003 Page 11 of 45 7/2/14 Renewable Energy Fund Round VIII Grant Application - Standard Form savings being realized by current ratepayers.3 The project will help support long-term sustainability of Neck Lake hatchery operations by providing affordable hydropower at approximately half the cost of current diesel-fired generation, with pricing remaining stabile long term. This will support and sustain the vitality of commercial and recreational fishing resources in the region. 3 Source: Most recently available AEA PCE report: http://www.akenergyauthority.org/PDF%20files/pcereports/FY13StatisticalRptComt.pdf Results NPV Benefits ($6,209,073.56) NPV Capital Costs $9,588,161 B/C Ratio (0.65) NPV Net Benefit ($15,797,235) Performance Unit Value Displaced Electricity kWh per year 450,000 Displaced Electricity total lifetime kWh 22,500,000 Displaced Petroleum Fuel gallons per year 32,143 Displaced Petroleum Fuel total lifetime gallons 1,607,143 Displaced Natural Gas mmBtu per year - Displaced Natural Gas total lifetime mmBtu - Avoided CO2 tonnes per year 326 Avoided CO2 total lifetime tonnes 16,313 AEA 15003 Page 12 of 45 7/2/14 Renewable Energy Fund Round VIII Grant Application - Standard Form 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. Project Management Team: Resumes and references are enclosed. Greg Mickelson – Alaska Power & Telephone Company Project Manager 907-755-4822 greg.m@aptalaska.com Vern Neitzer – Alaska Power & Telephone Company Senior Engineer Vern.n@aptalaska.com 907-983-2202 Larry Coupe – Alaska Power & Telephone Company Senior Civil Engineer Larry.c@aptalaska.com 360-385-1733 x155 Ben Beste – Alaska Power & Telephone Company Senior Mechanical Engineer Ben.b@aptalaska.com 360-302-1379 Bob Berreth – Alaska Power & Telephone Company Senior Electrical Engineer Bob.b@aptalaska.com 360-385-1733 x 123 Glen Martin – Alaska Power & Telephone Company Grant Writer, Project Manager 360-385-1733 x 122 Glen.M@aptalaska.com Jason Custer – Alaska Power & Telephone Company Business Development Director 907-225-1950 x 33 Jason.c@aptalaska.com Karl Wood – Alaska Power & Telephone Company Grant Administrator 360-385-1733 x128 AEA 15003 Page 13 of 45 7/2/14 Renewable Energy Fund Round VIII Grant Application - Standard Form Additional AP&T senior engineers and project managers can be utilized as needed to assist with management and execution of the project. Greg Mickelson, APC’s V.P. of Power Operations will be the Project Manager for all phases of work. Mr. Mickelson is an engineer with extensive experience in project management and electrical generation, transmission and distribution. Mr. Mickelson has been a part of APC’s team for over 30 years and has been an essential part of the company’s success. He has overseen numerous grant-funded projects and is familiar with following associated guidelines and requirements. Mr. Mickelson’s resume is enclosed. APC’s personnel will conduct all Phase II engineering work and will utilize contractors for the environmental studies in Phase II. Resumes of key personnel are enclosed. 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. A bar schedule detailing Phase II, Phase III, and Phase IV development activities is provided in Exhibit 2 below. The following narrative summarizes key activities and dates of the schedule. Note that this schedule describes the entire development sequence; requested grant funds will support Phases II and III activities only. Phase I: Reconnaissance: Completed 2008 – 2009. Recon-level cost estimate and financial/economic update performed in July-September of 2014. Phase II: Resource Assessment/Feasibility Analysis/Conceptual Design: July 2015 – December 2016 In late 2009 APC had a surveyor develop topographic mapping of the Project. During the summer of 2015, the conceptual design from the Phase I reconnaissance work by APC will be reviewed and augmented to develop firm information for presenting to permitting agencies. As part of this work, APC will coordinate extensively with SSRAA regarding the proposed development. As discussed above, APC and SSRAA have agreed to work cooperatively to develop a hydropower project that will be junior to all needs of the Neck Lake hatchery, and will assure no adverse impacts to the hatchery or salmon runs; SSRAA has provided us a letter of support, which is enclosed. In addition, a cost estimate will be prepared for the selected arrangement, and an updated economic and financial analysis will be conducted. The results will be presented in a feasibility report. At the same time, APC will initiate the FERC licensing process by submitting the Notice of Intent (NOI) and the Preliminary Application Document (PAD) to FERC, the Resource Agencies, and will be available to the public after a public notice is placed in the areas newspapers. Within 60 days of the notice and NOI and PAD submittal, APC will hold a public/agency consultation meeting to receive comments, questions, and concerns to develop the study plan for environmental surveys. This can be accomplished in the first two months, i.e. July through August 2015. These surveys may include fish surveys, wildlife assessments, botanical surveys, wetlands surveys, archaeological AEA 15003 Page 14 of 45 7/2/14 Renewable Energy Fund Round VIII Grant Application - Standard Form survey (initial SHPO review), and water quality testing. Due to the small size of the project and the expected knowledge base that should already exist for this site (because of the hatchery) APC believes that environmental field surveys may be more limited than for your typical hydroelectric project. The total area of impact, including within the SSRAA facility, is expected to be approximately 0.25 acres. However, to ensure we are adequately funded, we are assuming the regular collection of field studies will be required, as shown in the milestones chart below. PHASE II MILESTONES PHASE II - Milestones Tasks Start Date End Date NOI & PAD Issued to FERC Completion & Filing of NOI & PAD; issue Public/Agency Meeting Notice 07/01/15 08/01/15 Agency Consultation Meeting Consultation with FERC and Resource Agencies; consultation meeting; start to develop study plan 08/01/15 09/01/15 Draft Study Plan Issued Draft Study Plan issued for comment 12/01/15 12/31/15 Final Study Plan Issued Final Study Plan issued so field studies can begin 01/05/16 02/05/16 Fish Survey Final Report Conduct fish survey - contractor 04/01/16 12/01/16 Wildlife Survey Final Report Conduct wildlife survey - contractor 05/01/16 12/01/16 TES Botanical Survey Final Report Conduct TES botanical survey - contractor 05/01/16 12/01/16 Wetland Delineation Final Report Conduct wetland delineation - contractor 05/01/16 12/01/16 Cultural Resouce Survey Final Report Conduct cultural resouce survey - contractor 06/01/15 12/01/16 Water Quality Sampling Final Report Conduct water quality sampling - contractor/APC 07/01/15 12/01/16 Feasibility & Conceptual Design Analysis of data collected; issuance of draft and final feasibility and conceptual design reports 10/01/16 12/31/16 Phase III: Permitting and Final Design: January 2017 – July 2018 In this phase, the environmental assessment and the FERC license application will be finalized and submitted to FERC by March 2017. We anticipate having the license by May 1, 2018. Other permits and land easements will be acquired, and final design documents prepared. Permits will include: COE Section 404 permit, ADFG fish habitat permit, ADNR land lease or easement, ADNR water rights (applied for but they won’t issue until after operations have gone on for 5 years), and SHPO review. Final design will begin in approximately April 2018 and will be completed, including agency approval, by December 2018. The development of license article plans with agency consultation after the license is issued will also occur along with final design review by FERC and agencies. If additional field studies are requested by the agencies or FERC takes longer than expected to issue a license, this timeline may be pushed back. AEA 15003 Page 15 of 45 7/2/14 Renewable Energy Fund Round VIII Grant Application - Standard Form PHASE III MILESTONES PHASE III - Milestones Tasks Start Date End Date Land Easements / Authorizations / Early Entry Permit Applications Apply to DNR and SSRAA for land use authorizations, including an Early Entry Permit 01/06/17 01/30/17 Environmental Assessment Issued Develop and finalize the EA 01/06/17 02/28/17 File License Application with FERC Develop and finalize the license application 02/01/17 03/15/17 File for Agency Permits Apply for COE, ADF&G, ADNR, ADEC, etc. permits 12/31/16 01/01/18 FERC License Issuance After submitting license application, respond to additional info requests, etc. up to FERC license issuance 03/15/17 04/30/18 Final Design Approval Finalize project design and get FERC / Agency approvals 04/30/18 12/31/18 License Article Plan Approvals Submit draft license articles to FERC and agencies for approvals/permits to begin construction 04/30/18 12/31/18 Phase IV: Construction: May 2018 – August 2020 Construction would begin after a FERC license is received and the license article plans and final design are approved by FERC and other agencies. Once funding for this phase is secured, APC will order generating equipment and begin off-site fabrication of the intake and powerhouse modules. On- site construction is anticipated to begin in early 2019 and continue through the third quarter of 2020. The construction work should not be significantly compromised by weather at this temperate location. • Award contract for supply of the generating equipment by August 2018 • Completion of access road to intake site by April 2019 • Completion of Diversion Structure by September 2019 • Completion of Powerhouse by May 2020 • Completion of Generation Equipment Installation by July 2020 • Completion of Penstock Installation by April 2020 • Completion of Distribution Line into Whale Pass by July 2020 • Test and Startup by August 2020 • End of Phase IV Construction September 2020 AEA 15003 Page 16 of 45 7/2/14 Renewable Energy Fund Round VIII Grant Application - Standard Form EXHIBIT 2: PROJECT TIMELINE 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. APC: APC will manage the grant. APC has been providing power to Alaskan communities since 1957. Since then, from only a handful of employees, APC has grown to 134 employee-owners (all of AP&T) who provide power services to 25 communities. APC has experience with renewable resources after constructing 4 hydroelectric projects in S.E. Alaska, currently operating 7 hydroelectric projects in S.E. Alaska, experimented with a hydrokinetic turbine in the Yukon River, and is currently constructing their 8th hydroelectric project (Reynolds Creek). APC also has extensive experience with diesel/hydropower system integration and operations. APC has personnel certified as electrical, civil, and mechanical engineers who maintain existing facilities to the highest professional standards. APC has a consistent history of excellent performance in reliability, customer service, and a long-standing reputation for being a low cost provider of electric service. Additionally, APC is committed to transitioning from fossil fuel power generation to renewable energy. Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 PHASE I: Reconnassaince Reconnaissance (completed) PHASE II: Resource Assement/Feasibility Analysis/Conceptual Design Agency Consultation/Permitting Resource Assessment (studies) Feasibility & Conceptual Design PHASE III: Final Design and Permitting Permitting & FERC License App FERC Application Processing Final Design Agency Permits Issued PHASE IV: Construction Grant processing Access Road Diversion & Intake Penstock Generating Equipment Procurement Powerhouse Install Distribution Line Test and Start-Up LEGEND:<-- Procurement and off-site fabrication <-- On-site construction 2020 NECK LAKE HYDROELECTRIC PROJECT DEVELOPMENT SCHEDULE 2015 2016 2017 2018 2019 AEA 15003 Page 17 of 45 7/2/14 Renewable Energy Fund Round VIII Grant Application - Standard Form APC’s budgets have included several 50% grant funded projects for installation of transmission lines on Prince of Wales Island, and three RUS (Rural Utilities Service) 100% grants for the installation of transmission lines from Tok to Tetlin and Haines to Lutak, and communities along the Haines Highway. APC’s engineering staff has been involved in the design, construction and operation of hydroelectric projects since the 1980’s. APC currently maintains over 250 miles of transmission line and has seasoned staff to maintain diesel generators and hydro power plants. APC has administrators responsible for multi-million dollar budgets, including the management of 60+ employees, equipment, and all generation and distribution resources. Resumes of key AP&T staff are attached. Key APC/AP&T personnel and their roles in this project are as follows: • Greg Mickelson, Project Manager & Construction Superintendent, Engineer • Vern Neitzer, Senior Engineer • Bob Berreth, Electrical Design • Ben Beste, Mechanical Design • Larry Coupe, Civil Design • Glen Martin, Resource Assessment and Permits • Jason Custer, Financial and Business Case Analysis, Project Management Tasks, Technical Writing • Karl Wood, Grant Administrator Phase I: Reconnaissance Already completed by APC. Phase II: Resource Assessment/Feasibility Analysis/Conceptual Design In this phase APC will acquire property access and complete environmental and engineering/conceptual design studies. APC may use the following contractors for the various surveys: • Wetlands delineation - - HDR Alaska Inc. • Threatened and endangered plant species survey - - HDR Alaska Inc. • Fish surveys - - Fisheye Consulting (or possibly staff from SSRAA Hatchery) • Water quality sampling - - Analytica Group Environmental Laboratories • Cultural resource surveys - - Northern Land Use Research Alaska, LLC APC permitting specialists will compile the environment information into resource assessment documents as required by the various permitting agencies and FERC. APC engineers will conduct engineering/conceptual design studies in-house. Phase III: Final Design & Permitting APC will complete agency consultation for permitting and filing a FERC license application. An environmental assessment will be prepared for the license application as well. Final design will be completed after the FERC license is issued. It is estimated that FERC’s small hydro licensing process AEA 15003 Page 18 of 45 7/2/14 Renewable Energy Fund Round VIII Grant Application - Standard Form may take only one year before issuance of a license. Along with a FERC license, the following permits will be acquired: • 404 Certification / permit (Corps of Engineers) • 401 Certification (ADEC); ADEC could waive this because of FERC and COE involvement • Fish habitat permit (ADF&G) • Land lease or easement (SSRAA) • Land lease or easement (ADNR) • Water right (ADNR); will be applied for, but will take minimum of 5 years to obtain because the water right is only certified after the water is being used for a while (certified based on how much water is actually used, or maximum daily use). • SHPO review APC will prepare the final design documents in-house using its staff civil, mechanical, and electrical engineers, who all have extensive experience in hydroelectric development. These engineers designed APC’s South Fork Hydroelectric Project which entered service in 2005, as well as APC’s Kasidaya Creek Hydroelectric Project which began service in October 2008. Below, Phase IV activities are described, but funds are not being requested for this phase. Phase IV: Construction Construction activities will be completed by local contractors and APC staff: • Access road - - local contractor(s) or force account • Intake fabrications - - Reynold Grey Machining and Services • Intake on-site construction - - local contractor(s) or force account • Penstock materials procurement - - APC • Penstock installation - - local contractor(s) or force account • Generating equipment procurement - - APC • Powerhouse fabrications - - Reynold Grey Machining and Services • Powerhouse construction - local contractor(s) and force account • Distribution line construction - - local contractor(s) and force account • Testing and start-up - - APC Reynold Grey Machining and Services is a welding and fabrication company in Port Townsend, Washington that APC has used frequently for similar work, including fabrication of container modules for diesel powerplants recently installed in Slana and Allakaket. Reynold Grey is located near APC’s engineering staff, who thereby can conveniently oversee the proposed fabrication work. APC will negotiate purchase orders for materials and equipment from vendors who have performed work on other, similar APC hydropower projects. 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. During Phases II and III, APC proposes to provide quarterly reports to AEA regarding the status of the work. APC has provided similar reports to AEA and other grant funding agencies in the past several years on other projects, and has established the necessary procedures timely preparation and delivery of reports, and responding in a timely manner to questions and requests AEA 15003 Page 19 of 45 7/2/14 Renewable Energy Fund Round VIII Grant Application - Standard Form for information by the AEA. In addition to providing quarterly reports, at the completion of Phase II, APC will provide AEA with a summary report including conceptual design drawings and an updated cost estimate. At the completion of Phase III, APC will provide AEA with a summary reporting including final design drawings, specifications, updated cost estimates, and copies of the FERC license and permits. APC is open to consider any additional/alternative reporting measures which may be desired by the AEA. 3.5 Project Risk Discuss potential problems and how you would address them. APC believes that its experience designing, constructing, and operating similar small hydropower projects in Alaska; its longstanding vendor, technical service, supply chain relationships and industry knowledge; and its incumbent project development resources will help minimize risks and control costs. APC has a strong understanding of risks through development/construction experience, as well as an understanding of the processes involved in creating a durable hydropower asset capable of 50+ years of reliable, safe operation. Activities currently proposed for AEA REF Round VIII funding support will include pre- development activities which assist in identifying and mitigating risks. Site Control – APC will apply to ADNR for development rights on state lands. APC is confident that the Neck Lake hydropower facility will not conflict with the SSRAA operation already on the site. APC and SSRAA have agreed to work cooperatively to develop a hydropower project that will be junior to all needs of the Neck Lake hatchery, and will assure no adverse impacts to the hatchery or salmon runs. The SSRAA has also provided us with a letter of support, which is enclosed. The project will help support long-term sustainability of hatchery operations by providing affordable hydropower at approximately half the cost of current diesel-fired generation, with pricing remaining stabile long term. Seismic – Project components will be designed appropriately for seismic activity, since the Project will be located in a moderate-risk seismic zone. Structures will be buried as much as possible to minimize seismic impacts. Underground Construction – The Project does not include underground construction, which can be fraught with cost overrun potential. Geotechnical investigations will be made at the diversion and powerhouse areas to provide an adequate level of knowledge about ground conditions at those sites. Inclement Weather – Working conditions in the Project area during the winter could cause brief interruptions of the construction schedule. If prolonged interruptions occur that could jeopardize the completion schedule, APC will add contractors or more personnel as necessary to get back on schedule. 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 AEA 15003 Page 20 of 45 7/2/14 Renewable Energy Fund Round VIII Grant Application - Standard Form 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. Enclosed is a resume for Karl Wood, Grant Administrator for APC. Mr. Wood has administered federal and state grant funds for many years. If needed, supplemental accounting assistance can be supplied by APC. 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. APC is a regulated utility, and is required to track and substantiate expenses in a manner which is acceptable to the Regulatory Commission of Alaska. APC is also accustomed to maintaining project records in a manner which is acceptable to the AEA, and the State of Alaska, for grant-funded projects. Thus, APC is accustomed to maintaining data on utility costs and expenditures which meets with a very high standard in terms of assuring that expenses are reasonable, ordinary, and necessary. 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. APC is a regulated utility, and is required to track and substantiate expenses in a manner which is acceptable to the Regulatory Commission of Alaska. Thus, APC is accustomed to maintaining data on utility costs and expenditures which meets with a very high standard in terms of assuring that expenses are reasonable, ordinary, and necessary. APC is a private sector business which is accustomed to managing and controlling costs in order to maximize value and return on investment while ensuring sustainable benefits. AEA 15003 Page 21 of 45 7/2/14 Renewable Energy Fund Round VIII Grant Application - Standard Form SECTION 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. Amount of Energy Available, and Pros and Cons of Project: Proposed Energy Resource: The Neck Lake site has the potential to generate 3.2 GWh per year with an installed capacity of 750 kW, however, that would be much greater than the required generation. APC will evaluate the optimum installed capacity during Phase II; at this time an installed capacity of 124 kW is estimated as being appropriate. Lowers Energy Costs. It is currently estimated that the project will be able to produce clean energy for approximately $0.30 less (50% less) than the cost of diesel-fired generation of electricity. Over time, annual savings will increase as the cost of diesel fuel continues to escalate over stabile hydropower pricing. Stabilizes Energy Costs Long Term. The project will stabilize local energy costs by reducing dependency on diesel fuel – a volatile commodity with costs which escalate faster than the rate of inflation. Hydropower maintenance and operating costs are extremely low compared to that those associated with diesel-fired generation. Long Project Lifespan with Additional Cost-Savings Available Beyond Capital Cost Repayment – The project has an estimated useful life of over 50 years. Properly constructed hydropower sites can provide over 100+ years of reliable service. (For example, AP&T’s Dewey Lakes hydropower project has been operating for 109 years.) After the financing period is complete and capital costs are paid off, the cost of maintaining and operating a hydropower project drops to very low levels. Diesel Fuel Displacement Benefit. The project will displace approximately 99.5% of Whale Pass’s diesel-fired generation of electricity with clean, renewable hydropower from a local, low-impact source. Supports State Renewable Energy Policy Goals. By supplanting diesel-fired generation with clean, renewable hydropower, the project will help to support the State of Alaska’s goal of 50% renewable energy by 2025. No Difficulties with Power Sales Agreements – The project is being proposed by APC, the incumbent utility, as a self-build project. AEA 15003 Page 22 of 45 7/2/14 Renewable Energy Fund Round VIII Grant Application - Standard Form Benefits Community Which is Still 100% Diesel Dependent. Unlike other communities of Prince of Wales Island, Whale Pass has not yet had the opportunity to transition from 100% diesel-fired generation to an energy mix including renewables. The most recently available AEA PCE report identifies $0.59 kWh pricing for this service region, with an average PCE payment of $0.37 per eligible kilowatt hour. Generates Significant Power Cost Equalization Savings for the State of Alaska. Due to current 100% dependency on diesel-fired generation, the State of Alaska would experience significant Power Cost Equalization subsidization savings. State PCE statistics indicate the 57% of total kWh sold in Whale Pass in FY13 are PCE-eligible kWh; if this ratio holds true, the State of Alaska would realize significant PCE subsidization savings, with approximately 43% of cost-savings being realized by current ratepayers.4 A Reasonable Increment of Hydropower. Economic viability of many hydropower projects in Alaska is challenged by the difficulty of matching the utility’s incremental load growth to the size of locally available hydropower resources; this produces the frequently occurring situation in which a portion of a project’s power and energy from a new hydropower project cannot be sold during initial years of operation. Neck Lake is a small increment of power and energy, which APC anticipates can be integrated within the regional utility system without these types of challenges to economic and financial feasibility. Experienced Hydropower Developer. APC has significant experience developing, owning, and operating low impact hydropower projects. APC has developed 4 new hydropower projects in Alaska in the last 20 years, with a 5th hydropower project (Reynolds Creek) currently entering final construction; APC currently owns and operates 7 hydropower projects. APC’s parent company, AP&T, has over 50 years of experience as a private sector Alaskan business engaged in ownership, development, and reliable operation of hydropower projects. Existing Investment to Date. Reconnaissance phase activities have been completed due to private investment by both the AEA and APC. Disadvantage – Large Capital Expenditure Requirement. The major drawback of hydropower projects is that they are extremely capital intensive. While hydropower projects have very long useful lifespans (50+ or even 100+ years), commercial financing is typically available for a 30 year period at most. Whale Pass is a relatively small increment of new hydropower (0.124 MW), which helps reduce the total capital expenditure required. Ease of Integration – Hydropower can be readily incorporated alongside diesel-fired generation within a small utility system, with minimum integration concerns. Discussion of Energy Technology Alternatives in Whale Pass 4 Source: Most recently available AEA PCE report: http://www.akenergyauthority.org/PDF%20files/pcereports/FY13StatisticalRptComt.pdf AEA 15003 Page 23 of 45 7/2/14 Renewable Energy Fund Round VIII Grant Application - Standard Form  No viable alternative energy sources have been identified in the Whale Pass region.  Transmission Interconnection to POW Grid. A 25 mile transmission connection would connect Whale Pass to the existing the Prince of Wales grid, providing access to APC hydropower assets, however, the transmission connection project would be more costly than the Neck Lake micro hydropower project, would be less reliable, and would have a shorter useful lifespan.  Diesel: A Costly and Unsustainable Energy Source – Whale Pass is currently 100% dependent on diesel-fired generation. This energy source is very costly, with pricing escalating faster than inflation due to the rising price of petroleum – a volatile commodity sensitive to a wide variety of supply risks and geopolitical factors. The high cost of diesel-fired generation places financial pressure on families and businesses in Whale Pass. Continued 100% dependency on diesel-fired generation is not a sustainable way of life for residents of Whale Pass. 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. There are 3 gensets in APC’s Whale Pass diesel power plant: Unit #1 = JD4045, 70 kW, Installed 1995, 11.24 kWh/gal (averaged from 2013) Unit #2 = JD4045, 70 kW, Installed 1995, 11.95 kWh/gal (averaged from 2013) Unit #3 = JD6068, 110 kW, Installed 2008, 13.33 kWh/gal (averaged from 2013) 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. Existing power plant resources are described in section 4.2.1. above. Existing potential renewable / alternative energy resources are discussed in section 4.1 above. This hydropower project will significantly reduce use of existing diesel gensets. Occasionally, one or more diesel gensets will be needed in addition to the hydro power. This will reduce the use of diesel gensets and the frequency of their maintenance, including overhauls and replacement. The diesel generators that would be impacted are all owned and operated by APC in Whale Pass. The Project will almost entirely eliminate this area’s reliance on fossil fuels. APC also owns the transmission and distribution infrastructure, so no impacts will occur to existing energy infrastructure and resources. 4.2.3 Existing Energy Market Discuss existing energy use and its market. Discuss impacts your project may have on energy customers. AEA 15003 Page 24 of 45 7/2/14 Renewable Energy Fund Round VIII Grant Application - Standard Form The existing energy market for the project is Whale Pass. Whale Pass is an isolated community on the northern end of POW, approximately 25 road miles above Naukati Bay,5 which lacks a transmission connection to the Prince of Wales grid. APC currently owns and operates all of the electrical infrastructure on the island. The existing diesel plant will be placed on standby status, reducing APC’s diesel operations and maintenance costs. Currently, Whale Pass customers pay $0.59 per kWh (excluding PCE subsidy). i. Electricity [kWh] 300,000 kWh (2013) This figure does not include “off-grid” residents running numerous dispersed diesel gensets, who would connect in the event more affordable hydropower becomes available. AP&T anticipates these connections could increase the total demand to approximately 450,000 kwh. ii. Fuel usage Diesel [gal] 25,000 (2013) This figure does not include “off-grid” residents running numerous dispersed diesel gensets, who would reconnect in the event more affordable hydropower becomes available. Other NA iii. Peak Load 34.40 kW -- This figure does not include “off-grid” residents running numerous dispersed diesel gensets, who would reconnect in the event more affordable hydropower becomes available. iv. Average Load 34.15 kW -- This figure does not include “off-grid” residents running numerous dispersed diesel gensets, who would reconnect in the event more affordable hydropower becomes available. v. Minimum Load 26 kW -- This figure does not include “off-grid” residents running numerous dispersed diesel gensets, who would reconnect in the event more affordable hydropower becomes available. vi. Efficiency 11.3 kWh/gal vii. Future trends Use of electricity likely to increase with more affordable rates, and with reconnection of current “off-grid” residents. Lowers Energy Costs. It is currently estimated that the project will be able to produce clean energy for approximately $0.30 less than diesel-fired generation of electricity. Over time, annual savings will increase as the cost of diesel fuel continues to escalate over stabile hydropower pricing. Stabilizes Energy Costs Long Term. The project will stabilize local energy costs by reducing dependency on diesel fuel – a volatile commodity with costs which escalated faster than the rate of inflation. Hydropower maintenance and operating costs are extremely low compared to that those associated with diesel-fired generation. Long Project Lifespan with Additional Cost-Savings Available Beyond Capital Cost Repayment – The project has an estimated useful life of over 50 years. Properly constructed hydropower sites can provide over 100+ years of reliable service. (For example, AP&T’s 5 The northern most community to be connected to the islands renewable energy grid. AEA 15003 Page 25 of 45 7/2/14 Renewable Energy Fund Round VIII Grant Application - Standard Form Dewey Lakes hydropower project has been operating for 109 years.) After the financing period is complete and capital costs are paid off, the cost of maintaining and operating a hydropower project drops to very low levels. Generates Significant Power Cost Equalization Savings for the State of Alaska. Due to current 100% dependency on diesel-fired generation, the State of Alaska would experience significant Power Cost Equalization subsidization savings. State PCE statistics indicate the 57% of total kWh sold in Whale Pass in FY13 are PCE-eligible kWh; if this ratio holds true, the State of Alaska would realize significant PCE subsidization savings, with approximately 43% of cost-savings being realized by current ratepayers.6 At present, AP&T estimates PCE savings to be $3,620,000 over the 50-year life of the Project. 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 Provide the following information for the proposed renewable energy system: Renewable energy technology specific to location – The Project will be a conventional run-of-river hydroelectric project. Project features shall include: • 400 feet of single lane access road • Intake with fish screen, 34 cfs diversion capacity • 350 feet of 30- inch diameter pipeline • Powerhouse with four 31-kW generating units, each consisting of a pump-as-turbine and synchronous generator • Upgrade of about 4 miles of distribution line from single-phase to three-phase Hydroelectric technology is well established, with over 100+ years of successful commercial application in southeast Alaska, British Columbia, and the Pacific Northwest. The Project will utilize the abundant rainfall and steep topography afforded by the falls on the Neck Lake outlet stream to generate renewable energy. Optimum installed capacity – 124 kW (to be confirmed by Phase II studies). Anticipated capacity factor – TBD. Estimated at 40%. Anticipated annual generation – Potentially 450 MWh/yr, providing “off-grid” residents connect to receive more affordable electricity. As Whale Pass loads grow, consistent with estimates within the southeast Alaska integrated resource plan, the project would be able to generate as much as 1,000 MWh/yr with the proposed installed capacity of 124 kW. Anticipated barriers – No technological barriers. 6 Source: Most recently available AEA PCE report: http://www.akenergyauthority.org/PDF%20files/pcereports/FY13StatisticalRptComt.pdf AEA 15003 Page 26 of 45 7/2/14 Renewable Energy Fund Round VIII Grant Application - Standard Form Basic integration concept – Integration of hydropower within the existing diesel-fired system is not overly complicated. APC already operates two independent integrated hydro-diesel systems. For much of the year the hydro generation will be much more than the load, and therefore the diesel generation will be on standby; one or more hydro units will be on-line, with any excess generation shunted to dummy resistance loads. During low flow periods, possibly during late summer and during parts of the winter when flow is low, the hydro generation may be placed in lag position with diesel taking the lead. During the transition periods, diesel unit(s) will be block-loaded in lag position, with the hydro in lead position. Preliminary studies indicate that the Project would be able to replace about 99.5% of diesel-fired generation, excluding planned or forced outages. Delivery methods – Project generation will be delivered to Whale Pass via an upgraded existing 4- mile-long distribution line from the powerhouse to the existing distribution system in the community. EXHIBIT 3: PROJECT DESIGN The hydroelectric facilities will be designed to avoid interference with the existing salmon rearing and collection facilities operated at Neck Lake by the Southern Southeast Regional Aquaculture Association (SSRAA). Delivery methods: Project will deliver energy to Alaska Power Company via conventional distribution lines and substations. AEA 15003 Page 27 of 45 7/2/14 Renewable Energy Fund Round VIII Grant Application - Standard Form 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. This project is located on lands owned by the State of Alaska, and SSRAA. As Phase II and Phase III activities progress, APC will be applying for a lease or easement from the State of Alaska, and will negotiate an arrangement with SSRAA. SSRAA has provided the applicant with a letter of support for this project (enclosed). The hydroelectric facilities will be designed to avoid interference with the existing salmon rearing and collection facilities operated at Neck Lake by the SSRAA. APC and SSRAA have agreed to work cooperatively to develop a hydropower project that will be junior to all needs of the Neck Lake hatchery, and will assure no adverse impacts to the hatchery or salmon runs. The project will help support long-term sustainability of hatchery operations by providing affordable hydropower at approximately half the cost of current diesel-fired generation, with pricing remaining stabile long term. 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 Applicable Permits: • 404 permit (Corps of Engineers) • FERC License • Water right (ADNR), • State land easement (ADNR) • Fish habitat permit (ADF&G) • SHPO review Permitting Timeline: APC expects to complete environmental and design studies in 2016 for Phase II. Phase III permitting, licensing, and final design are anticipated to be completed by July 2018 due to the FERC licensing process. Potential Permitting Barriers: There are no known permitting barriers at this time. 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 • Archaeological and historical resources • Land development constraints • Telecommunications interference • Aviation considerations • Visual, aesthetics impacts AEA 15003 Page 28 of 45 7/2/14 Renewable Energy Fund Round VIII Grant Application - Standard Form • Identify and discuss other potential barriers Threatened and Endangered Species: No impacts are anticipated to threatened and endangered species, due to the project’s location and small size (<0.5 acres). An environmental assessment will be made in Phase III as part of the FERC licensing process, which includes agency consultation. Habitat Issues: The Southern Southeast Regional Aquaculture Association (SSRAA) has established a rearing and trapping facility at the lake and outlet stream. Coho salmon smolts are reared in pens in the lake, then released into the lake for migration out to tidewater during the spring. When the adults return, they ascend a ladder into a single raceway, where they are quickly processed for shipment to markets in the lower 48. Water for the raceway and ladder is diverted from the head of the second (middle falls). SSRAA’s existing knowledge of fish usage of the stream may allow the project to go without additional fish surveys. However, until consultation begins, we are assuming fish surveys will be required. The hydroelectric facility will be designed to avoid interference with the existing salmon rearing and collection facilities. APC and SSRAA have agreed to work cooperatively to develop a hydropower project that will be junior to all needs of the Neck Lake hatchery, and will assure no adverse impacts to the hatchery or salmon runs. The project will help support long-term sustainability of hatchery operations by providing affordable hydropower at approximately half the cost of current diesel-fired generation, with pricing remaining stabile long term. Wetlands: There is potential for a small amount of wetlands to be impacted. It is expected that a wetlands delineation may be necessary to determine what if any impacts may occur. Archaeological & Historical Resources: A site review by the SHPO is required to determine necessity of an archaeological survey. Land Development Constraints: APC will coordinate with SSRAA to make sure their needs and goals are not affected by construction and operation of the Project. Telecommunications Interference: The 12 kV distribution line will not create interference with telecommunications. Aviation Considerations: There is no significant aviation in the Project area. Visual, Aesthetic Impacts: The Project will not be in a visually or aesthetically special view shed that needs protection. Potential Barriers: None. 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 AEA 15003 Page 29 of 45 7/2/14 Renewable Energy Fund Round VIII Grant Application - Standard Form 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 Anticipated project costs: Phase Cost Status I $22,474.73 Completed II $169,000 Proposed for AEA REF 8 Funding III $320,000 Proposed for AEA REF 8 Funding IV $2,500,000 To be completed circa 2019 Total $3,011,474.73 Cost estimation is based upon APC’s experience completing similar small hydropower projects, and in-house vendor, supply, and construction cost data. Proposed allocation of grant funds and cash match for Phase II and III activities are detailed in the table below. AEA 15003 Page 30 of 45 7/2/14 Renewable Energy Fund Round VIII Grant Application - Standard Form 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.) O&M cost is estimated to be $25,000 in the first year of operation. APC will operate and maintain the Project with proceeds from sale of power to its customers. No grant funding shall be requested for operation and maintenance. NECK LAKE HYDRO PHASE II BUDGET Fish Survey $16,000.00 $4,000.00 $0.00 $20,000.00 Wildlife Survey $8,000.00 $2,000.00 $0.00 $10,000.00 TES Botanical Survey $8,000.00 $2,000.00 $0.00 $10,000.00 Wetland Delineation $16,000.00 $4,000.00 $0.00 $20,000.00 Cultural Resource Survey $8,000.00 $2,000.00 $0.00 $10,000.00 Consultation / Coordination with SSRAA $8,000.00 $2,000.00 $0.00 $10,000.00 Water Quality Sampling $7,200.00 $1,800.00 $0.00 $9,000.00 Initial FERC Permitting Process/Agency Consultation $40,000.00 $10,000.00 $0.00 $50,000.00 Feasibility Analysis $16,000.00 $4,000.00 $20,000.00 Conceptual Design $8,000.00 $2,000.00 $10,000.00 Total $135,200.00 $33,800.00 $169,000.00 NECK LAKE HYDRO PHASE III BUDGET ACTIVITY AEA FUNDS MATCHING FUNDS IN-KIND FUNDS TOTALS FERC Licensing / Agency Permitting / EA $48,000.00 $12,000.00 $60,000.00 Final Design $48,000.00 $12,000.00 $60,000.00 Additional Field Studies $160,000.00 $40,000.00 $200,000.00 $0.00 $0.00 Total $256,000.00 $64,000.00 $320,000.00 Grand Total, Phase II and Phase III Activities $391,200.00 $97,800.00 APC $489,000.00 AEA 15003 Page 31 of 45 7/2/14 Renewable Energy Fund Round VIII Grant Application - Standard Form 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 The customer for power is Alaska Power Company – the applicant requesting grant funds. Potential sales price is currently estimated to be $0.30 (or 50%) less than the current cost of diesel- fired generation, or $0.29 / kwh – however, this estimate will need to be refined and examined in detail as part of project development activities proposed for AEA REF Round VIII funding. Proposed Rate of Return from Grant-Funded Project: The rate of return for the Neck Lake hydropower project would be regulated by the Regulatory Commission of Alaska, and would generate a regulated return on private investment consistent with the rate of return for similar projects. As a regulated utility, APC / AP&T is not permitted to earn a rate of return on grant funds, or otherwise include grant funds in the rate base. APC would sell power at a cost-based rate, consistent with AEA requirements. 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. Neck Lake outlet stream, 120 cfs average flow, 57 feet of head Existing Energy Generation and Usage a) Basic configuration (if system is part of the Railbelt 7 grid, leave this section blank) i. Number of generators/boilers/other 3 ii. Rated capacity of generators/boilers/other Unit #1 = JD4045, 70 kW, Installed 1995, 11.24 kWh/gal (averaged from 2013) Unit #2 = JD4045, 70 kW, Installed 1995, 11.95 kWh/gal (averaged from 2013) Unit #3 = JD6065, 110 kW, Installed 2008, 13.33 kWh/gal (avg. July/August 2013) iii. Generator/boilers/other type As noted above iv. Age of generators/boilers/other As noted above 7 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. AEA 15003 Page 32 of 45 7/2/14 Renewable Energy Fund Round VIII Grant Application - Standard Form v. Efficiency of generators/boilers/other 11.3 kW h per gallon of diesel (aggregate for all generators) b) Annual O&M cost (if system is part of the Railbelt grid, leave this section blank) i. Annual O&M cost for labor $15,000 ii. Annual O&M cost for non-labor $10,000 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] 300,000 kWh (2013) This figure does not include “off-grid” residents running numerous dispersed diesel gensets, who would reconnect in the event more affordable hydropower becomes available. AP&T anticipates these connections could increase the total demand to approximately 450,000 kwh. ii. Fuel usage Diesel [gal] Other iii. Peak Load 34.40 kW -- This figure does not include “off-grid” residents running numerous dispersed diesel gensets, who would reconnect in the event more affordable hydropower becomes available. iv. Average Load 34.15 kW -- This figure does not include “off-grid” residents running numerous dispersed diesel gensets, who would reconnect in the event more affordable hydropower becomes available. v. Minimum Load 26 kW -- This figure does not include “off-grid” residents running numerous dispersed diesel gensets, who would reconnect in the event more affordable hydropower becomes available. vi. Efficiency 11.3 kWh/gal vii. Future trends Use of electricity likely to increase with more affordable rates, and with reconnection of current “off-grid” residents. i. Electricity [kWh] i. Diesel [gal or MMBtu] NA ii. Electricity [kWh] NA iii. Propane [gal or MMBtu] NA iv. Coal [tons or MMBtu] NA v. Wood [cords, green tons, dry tons] NA vi. Other NA 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] 124 KWH run-of-river hydropower b) Proposed annual electricity or heat production (fill in as applicable) i. Electricity [kWh] 1,000,000 kWh max. (300,000 kWh at current load levels) ii. Heat [MMBtu] NA AEA 15003 Page 33 of 45 7/2/14 Renewable Energy Fund Round VIII Grant Application - Standard Form c) Proposed annual fuel usage (fill in as applicable) i. Propane [gal or MMBtu] NA ii. Coal [tons or MMBtu] NA iii. Wood or pellets [cords, green tons, dry tons] NA iv. Other NA Project Cost a) Total capital cost of new system $2,500,000 b) Development cost $511,474.73 c) Annual O&M cost of new system $25,000 d) Annual fuel cost None Project Benefits a) Amount of fuel displaced for i. Electricity Estimated 25,000 gallons of diesel per year ii. Heat NA iii. Transportation NA b) Current price of displaced fuel $4 / gallon – equivalent to $0.2857 / kwh c) Other economic benefits The project will help support long-term sustainability of Neck Lake hatchery operations by providing affordable hydropower at approximately half the cost of current diesel-fired generation, with pricing remaining stabile long term. This will support and sustain the vitality of commercial and recreational fishing resources in the region. d) Alaska public benefits Other benefits: The project will help support long-term sustainability of Neck Lake hatchery operations by providing affordable hydropower at approximately half the cost of current diesel-fired generation, with pricing remaining stabile long term. This will support and sustain the vitality of commercial and recreational fishing resources in the region. Produces significant PCE benefits for the State of Alaska. AEA 15003 Page 34 of 45 7/2/14 Renewable Energy Fund Round VIII Grant Application - Standard Form Power Purchase/Sales Price a) Price for power purchase/sale Currently estimated at $0.30 less than the cost of diesel-fire generation, however, this is an early estimate which will be substantiated and revisited following application of AEA Round VIII funds for Phase II and III tasks. Project Analysis a) Basic Economic Analysis Project benefit/cost ratio The AEA’s financial model provides a BCR of 0.65, but does not include PCE savings for the State of Alaska. At present, APC estimates PCE savings to be $3,620,000 ($2014) over the 50-year life of the Project; a value in excess of the project’s capital cost. APC anticipates that construction-phase grant funding will be required for the project to generate a positive BCR. The project will help support long-term sustainability of Neck Lake hatchery operations by providing affordable hydropower at approximately half the cost of current diesel- fired generation, with pricing remaining stabile long term. Results NPV Benefits ($6,209,073.56) NPV Capital Costs $9,588,161 B/C Ratio (0.65) NPV Net Benefit ($15,797,235) Performance Unit Value Displaced Electricity kWh per year 450,000 Displaced Electricity total lifetime kWh 22,500,000 Displaced Petroleum Fuel gallons per year 32,143 Displaced Petroleum Fuel total lifetime gallons 1,607,143 Displaced Natural Gas mmBtu per year - Displaced Natural Gas total lifetime mmBtu - Avoided CO2 tonnes per year 326 Avoided CO2 total lifetime tonnes 16,313 AEA 15003 Page 35 of 45 7/2/14 Renewable Energy Fund Round VIII Grant Application - Standard Form This will support and sustain the vitality of commercial and recreational fishing resources in the region. See below for output of AEA model. Payback (years) Does not generate a positive BCR without State of Alaska grant funding support, unless ancillary benefits such as PCE displacement and hatchery benefits are included. See notes above. 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. State PCE Savings: PCE is a complex calculation with outputs which are a function of a variety of variables, including: 1) level of legislatively authorized appropriation; 2) the performance of the PCE endowment, and level of investment income produced during a given period; 3) current power and energy prices in “benchmark” communities used as a point of comparison, which in turn are determined by their own unique set of variables; 4) the cost of diesel fuel.8 The extent to which PCE subsidization is deployed in recipient communities is a function of the level of energy consumed by eligible recipients, and in the case of “community facilities,” a function of local population. This makes it difficult to forecast PCE savings. However, State PCE statistics indicate the 57% of total kWh sold in the Tok region in FY13 are PCE-eligible kWh; if this ratio holds true, the State of Alaska would realize significant PCE subsidization savings, with approximately 43% of cost-savings being realized by current 8 Source: http://www.akenergyauthority.org/PDF%20files/PCEProgramGuideJuly292014EDITS.pdf Results NPV Benefits ($6,209,073.56) NPV Capital Costs $9,588,161 B/C Ratio (0.65) NPV Net Benefit ($15,797,235) Performance Unit Value Displaced Electricity kWh per year 450,000 Displaced Electricity total lifetime kWh 22,500,000 Displaced Petroleum Fuel gallons per year 32,143 Displaced Petroleum Fuel total lifetime gallons 1,607,143 Displaced Natural Gas mmBtu per year - Displaced Natural Gas total lifetime mmBtu - Avoided CO2 tonnes per year 326 Avoided CO2 total lifetime tonnes 16,313 AEA 15003 Page 36 of 45 7/2/14 Renewable Energy Fund Round VIII Grant Application - Standard Form ratepayers.9 Due to the fact that PCE subsidizes the first 500 kWh per month of residential energy purchases, and the first 70 kWh per month x the community population of community facility expenses, the State of Alaska is “at the front of the line” to experience cost savings for PCE-eligible ratepayer classes. These PCE savings can be used to assist other, less fortunate communities in other parts of Alaska. Lowers Energy Costs. It is currently estimated that the project will be able to produce clean energy for approximately $0.30 less than the current cost of diesel-fired generation of electricity. Over time, annual savings will increase as the cost of diesel fuel continues to escalate over stabile hydropower pricing. Stabilizes Energy Costs Long Term. The project will stabilize local energy costs by reducing dependency on diesel fuel – a volatile commodity with costs which escalate faster than the rate of inflation. Hydropower maintenance and operating costs are extremely low compared to that those associated with diesel-fired generation. Long Project Lifespan with Additional Cost-Savings Available Beyond Capital Cost Repayment – The project has an estimated useful life of over 50 years. Properly constructed hydropower sites can provide over 100+ years of reliable service. (For example, APC’s Dewey Lakes hydropower project has been operating for 109 years.) After the financing period is complete and capital costs are paid off, energy costs drop dramatically, reflecting the relatively low level of costs associated with operating and maintaining a hydropower project. Generates Significant Power Cost Equalization Savings for the State of Alaska. Due to current 100% dependency on diesel-fired generation, the State of Alaska would experience significant Power Cost Equalization subsidization savings. State PCE statistics indicate that 57% of total kWh sold in Whale Pass in FY13 are PCE-eligible kWh; if this ratio holds true, the State of Alaska would realize significant PCE subsidization savings, with approximately 43% of cost-savings being realized by current ratepayers.10 At present, APC estimates PCE savings to be $3,620,000 over the 50-year life of the Project. 9 Source: Most recently available AEA PCE report: http://www.akenergyauthority.org/PDF%20files/pcereports/FY13StatisticalRptComt.pdf 10 Source: Most recently available AEA PCE report: http://www.akenergyauthority.org/PDF%20files/pcereports/FY13StatisticalRptComt.pdf AEA 15003 Page 37 of 45 7/2/14 Renewable Energy Fund Round VIII Grant Application - Standard Form 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 1 Year – 32,143 gallons -- $128,572 ($2014, assuming $4 / gal) (326 tons less CO2 emissions) 50 Years – 1,607,150 gallons -- $6,428,600 ($2014, assuming $4 / gal) (16,300 tons less CO2) 100 Years – 3,214,300 gallons -- $12,857,200 ($2014, assuming $4 / gal) (32,600 tons less CO2) Anticipated Annual Revenue To be determined based upon outcome of activities proposed for AEA REF Round VIII funding. Potential Additional Annual Incentives At present, AP&T’s estimates PCE savings to be $3,620,000 over the 50-year life of the Project. Potential Additional Annual Revenue Streams While Alaska does currently not have Renewable Portfolio Standards, these conditions could change, and there may potentially be a market for Renewable Energy Certificates or other environmental attributes from the project at a future date. 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. Does not apply. AEA 15003 Page 38 of 45 7/2/14 Renewable Energy Fund Round VIII Grant Application - Standard Form 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 Proposed business structure(s) and concepts that may be considered. Project would be developed as an asset owned and operated by the incumbent utility, Alaska Power Company (APC). Proposed Operations & Maintenance Project would be owned and operated by APC, an AP&T subsidiary. APC currently operates 6 hydropower projects in Alaska, with an 7th (Reynolds Creek) scheduled for near term construction. Back-up requirements There will be no back-up systems installed. APC’s existing diesel power plant will provide 100% back-up power supply capacity. Identification of operational issues that could arise. Mechanical: Well designed and constructed hydroelectric projects generally have few major mechanical operational issues once the inevitable initial bugs have been worked out. Mechanical operational issues are typically replacement of worn parts. Other: Climate change could potentially impact inflows to the project, and project operations. It is not certain what changes will occur, but there is some support for the belief that hydropower operation in Alaska may be beneficially affected by climate change in that there will be more precipitation in the winter in the form of rain rather than snow, which may result in additional energy during winter months when hydropower flows tend to be lowest. Commitment to reporting the savings and benefits In the event of State investment, project partners would be glad to commit to reporting of savings and benefits in a manner consistent with AEA requirements. As a regulated utility serving PCE-eligible communities, APC is required to keep highly detailed records of costs. These records can also be used to help identify savings to the AEA. AEA 15003 Page 39 of 45 7/2/14 Renewable Energy Fund Round VIII Grant Application - Standard Form 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. Neck Lake Hydro was awarded $82,000 for recon and feasibility and $26,000 for final design for a total of $108,000 in AEA REF Round II funds (#2195455). Part of these funds were used to develop and submit a filing for a FERC jurisdictional determination. FERC determined that a license would be required for this project. Only $22,474.73 of total grant funds were expended, supporting activities including surveying and mapping, preparation of the FERC jurisdictional determination filling, and conceptual design. The remaining balance of funds was returned to the AEA. FERC’s finding that a license would be required resulted in APC terminating project activities due to concerns about project development costs. However, FERC has recently developed a small hydropower licensing track that should significantly expedite the licensing process and reduce the licensing costs associated with a small project such as Neck Lake. The availability of this project licensing track – in conjunction with diesel cost escalation estimates and key findings of the SEIRP – have lead APC to conclude that it is in the best interest of the ratepayers of Whale Pass to resume efforts to pursue the Neck Lake hydropower project. This finding is supported by updated reconnaissance-level financial and economic analysis completed by APC in September of 2014. APC would complete remaining Phase II activities starting in July 2015, upon awarding of AEA funds. Contractors for field studies will be contacted prior to the summer of 2015 to ensure their availability. 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 No local opposition is anticipated, as the proposed project would decrease electric rates, substitute clean energy for diesel fuel, and use a waterway which is already developed (for aquaculture). The hydroelectric facilities will be designed to avoid interference with the existing salmon rearing and collection facilities operated at Neck Lake by the Southern Southeast Regional Aquaculture Association (SSRAA). APC and SSRAA have agreed to work cooperatively to develop a hydropower project that will be junior to all needs of the Neck Lake hatchery, and will assure no adverse impacts to the hatchery or salmon runs. The SSRAA has provided a letter of support for this project, which is enclosed. The project will provide significant benefits to the hatchery, helping to assure long-term sustainability of the Neck Lake hatchery’s operations by providing affordable hydropower at approximately half the cost of current diesel-fired generation, with pricing remaining stabile long term. The Neck Lake hatchery is central to many commercial and recreational opportunities; the long term sustainability of this facility is vital to the region’s economic well-being. AEA 15003 Page 40 of 45 7/2/14 Renewable Energy Fund Round VIII Grant Application - Standard Form There is significant community opposition to continued reliance upon diesel-fired generation, due to high and escalating energy costs, and the hardships this produces for businesses and residents. 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 Anticipated project costs: Phase Cost Status I $22,474.73 Completed II $169,000 Proposed for AEA REF 8 Funding III $320,000 Proposed for AEA REF 8 Funding IV $2,500,000 To be completed circa 2019 Total $3,011,474.73 Cost estimation is based upon APC’s experience completing similar small hydropower projects, and in-house vendor, supply, and construction cost data. Amount requested in grant funds: $135,200 Phase II $256,000 Phase III $391,200 Total Additional investment by APC: APC will provide matching funding equaling 20% ($97,800) of the total cost of Phase II & III Project development. This matching amount will be paid from APC’s general operations funds. The table which follows lists proposed costs and cost allocations, including matching fund commitments: AEA 15003 Page 41 of 45 7/2/14 Renewable Energy Fund Round VIII Grant Application - Standard Form Neck Lake Hydropower: Phase II and III Activities: Phase II Milestones Anticipated Completion Date RE- Fund Gran Funds Grantee Matching Funds Source of Matching Funds: Cash/In- Kind/Federal Grants/Other State Grants/Other TOTALS Initial FERC Permitting Process/Agency Consultation 07/31/16 $16,000.00 $4,000.00 APC $20,000.00 Wildlife Survey 07/31/16 $8,000.00 $2,000.00 APC $10,000.00 TES Botanical Survey 07/31/16 $8,000.00 $2,000.00 APC $10,000.00 Wetland Delineation 07/31/16 $16,000.00 $4,000.00 APC $20,000.00 Cultural Resource Survey 07/31/16 $8,000.00 $2,000.00 APC $10,000.00 Consultation / Coordination with SSRAA 07/31/16 $8,000.00 $2,000.00 APC $10,000.00 Water Quality Sampling 07/31/16 $7,200.00 $1,800.00 APC $9,000.00 Fish Survey 07/31/16 $40,000.00 $10,000.00 APC $50,000.00 Feasibility Analysis 07/31/16 $16,000.00 $4,000.00 APC $20,000.00 Conceptual Design 07/31/16 $8,000.00 $2,000.00 APC $10,000.00 TOTALS $135,200.00 $33,800.00 APC $169,000.00 Direct Labor & Benefits $43,200.00 $10,800.00 APC $54,000.00 Travel & Per Diem $4,800.00 $1,200.00 APC $6,000.00 Equipment $$$ Materials & Supplies $$$ Contractual Services $87,200.00 $21,800.00 APC $109,000.00 Construction Services $$$ Other $$$ TOTALS $135,200.00 $33,800.00 APC $169,000.00 Budget Categories: AEA 15003 Page 42 of 45 7/2/14 Renewable Energy Fund Round VIII Grant Application - Standard Form 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. Does not apply. Phase III Milestones Anticipated Completion Date AEA RE- Fund Grant Funds Grantee Matching Funds Source of Matching Funds: Cash/In- Kind/Federal Grants/Other State Grants/Other TOTALS Additional Field Studies 09/30/17 $48,000.00 $12,000.00 APC $60,000.00 FERC Licensing / Agency Permitting / EA 12/31/17 $48,000.00 $12,000.00 APC $60,000.00 Final Design 07/30/18 $160,000.00 $40,000.00 APC $200,000.00 TOTALS $256,000.00 $64,000.00 APC $320,000.00 Direct Labor & Benefits $203,200.00 $50,800.00 APC $254,000.00 Travel & Per Diem $4,800.00 $1,200.00 APC $6,000.00 Equipment $$$ Materials & Supplies $$$ Contractual Services $48,000.00 $12,000.00 APC $60,000.00 Construction Services $$$ Other $$$ TOTALS $256,000.00 $64,000.00 APC $320,000.00 Budget Categories: Grand Total, Phase II and Phase III Activities $391,200.00 $97,800.00 APC $489,000.00 AEA 15003 Page 43 of 45 7/2/14