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HomeMy WebLinkAboutTriangle Lake Hydro Grant Round4-Final Renewable Energy Fund Grant Application Round IV AEA11-005 Grant Application Page 2 of 19 7/21/2010 SECTION 1 – APPLICANT INFORMATION Name (Name of utility, IPP, or government entity submitting proposal) Metlakatla Indian Community (MIC) Type of Entity: MIC is a federally recognized Indian Tribe organized under the provisions of Section 16 of the Indian Reorganization Act, 25 U.S.C. Section 476. Electric power is provided to the community by Metlakatla Power & Light (MP&L), a community owned utility. Mailing Address P.O. Box 8 Metlakatla, AK 99926 Physical Address 8th and Upper Milton Street Metlakatla, AK 99926 Telephone 907-886-4441 Fax 907-886-4471 Email info@metlakatla.com 1.1 APPLICANT POINT OF CONTACT / GRANTS MANAGER Name Paul Brendible Title Director of Contracts and Grants Mailing Address P.O. Box 8 Metlakatla, AK 99926 Telephone 907-886-4441 Fax 907-886-4471 Email paul.brendible@metlakatla.com 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 X A governmental entity (which includes tribal councils and housing authorities); Yes 1.2.2. Attached to this application is formal approval and endorsement for its project by its board of directors, executive management, or other governing authority. If the applicant is a collaborative grouping, a formal approval from each participant’s governing authority is necessary. (Indicate Yes or No in the box ) Yes 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. Yes 1.2.4. If awarded the grant, we can comply with all terms and conditions of the attached grant form. (Any exceptions should be clearly noted and submitted with the application.) Yes 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. Renewable Energy Fund Grant Application Round IV AEA11-005 Grant Application Page 3 of 19 7/21/2010 SECTION 2 – PROJECT SUMMARY This is intended to be no more than a 1-2 page overview of your project. 2.1 Project Title – (Provide a 4 to 5 word title for your project) Triangle Lake Hydroelectric Project 2.2 Project Location – Include the physical location of your project and name(s) of the community or communities that will benefit from your project. The proposed project is the Triangle Lake hydroelectric project, a new generating plant to be located on Annette Island. The 4.0 MW project will provide electric power to be transmitted over the proposed transmission line between Metlakatla and Ketchikan that will be used to offset diesel generation in Ketchikan and other interconnected communities. The Triangle Lake project has been studied somewhat in the past and MIC is requesting a grant for Feasibility Analysis and Conceptual Design. 2.3 PROJECT TYPE Put X in boxes as appropriate 2.3.1 Renewable Resource Type Wind Biomass or Biofuels X Hydro, including run of river Transmission of Renewable Energy Geothermal, including Heat Pumps Small Natural Gas Heat Recovery from existing sources Hydrokinetic Solar Storage of Renewable Other (Describe) 2.3.2 Proposed Grant Funded Phase(s) for this Request (Check all that apply) Reconnaissance Design and Permitting X Feasibility Construction and Commissioning Conceptual Design 2.4 PROJECT DESCRIPTION The proposed Triangle Lake hydroelectric project will be located on the west side of Annette Island near the route of the proposed Metlakatla – Ketchikan Intertie. The project as presently envisioned will be comprised of a small embankment dam at the outlet of Triangle Lake, a 1.3 mile long penstock and a powerhouse containing a single horizontal Francis turbine generating unit with a capacity of 4.0 MW. The Triangle Lake project will provide additional hydroelectric power to Metlakatla and, with construction of the Metlakatla – Ketchikan Intertie, to the interconnected electric systems of Ketchikan, Wrangell and Petersburg. MIC will develop and own the Triangle Lake project. Renewable Energy Fund Grant Application Round IV AEA11-005 Grant Application Page 4 of 19 7/21/2010 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, etc.)  The Triangle Lake hydroelectric project, when combined with the Metlakatla – Ketchikan Intertie will produce electric power to be used to offset diesel generation in the interconnected communities of Ketchikan, Wrangell and Petersburg. The project is estimated to be capable of producing 17,324,000 kWh per year on an average annual basis. This amount of energy would offset approximately 1,195,000 gallons of diesel fuel per year in Ketchikan, Wrangell and Petersburg. At $2.50 per gallon (2010 Dollars), the Triangle Lake project would result in savings of about $3.4 million per year in diesel power production costs, net of new hydroelectric O&M costs. This cost savings is expected to be shared by electric consumers in Metlakatla, Ketchikan, Wrangell and Petersburg. The reduction in pollutants emitted from diesel oil combustion will provide benefits to the general public and the regional environment. In addition, the project will provide greater flexibility in the operation of the hydroelectric projects in the interconnected Metlakatla, Ketchikan, Wrangell and Petersburg electric systems improving total hydroelectric generation overall and improving system reliability. An important benefit to the Ketchikan area will be that the Triangle Lake project will provide power from a source that is not dependent on the existing transmission line to Swan Lake. When the Swan Lake transmission line is unavailable for any reason, Ketchikan is isolated from much of its hydroelectric generation. The Triangle Lake project will still be available to provide power from an alternative direction and as such, adds another source of backup generation in the event of failure of the Swan Lake transmission line. A further benefit of the Triangle Lake project is that permitting of the Triangle Lake project will be much easier when compared to other potential hydroelectric developments in southern Southeast Alaska. Annette Island is a federally recognized Indian Reservation inhabited and owned in its entirety by the MIC. Accordingly, any upgrade to existing hydroelectric projects or construction of new hydroelectric projects is not subject to State or Federal regulations. Therefore, development of projects on Annette Island can be expedited without being subject to the lengthy Federal Energy Regulatory Commission (FERC) review process that other hydroelectric projects must undergo. 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. The total estimated cost of the Triangle Project through construction is $18,530,700. At this time, MIC is requesting a grant of $500,000 to conduct the Feasibility Analysis and Conceptual Design. No other funds are presently available or anticipated for the Triangle Lake project. Renewable Energy Fund Grant Application Round IV AEA11-005 Grant Application Page 5 of 19 7/21/2010 2.7 COST AND BENEFIT SUMARY Include a summary of grant request and your project’s total costs and benefits below. Grant Costs (Summary of funds requested) 2.7.1 Grant Funds Requested in this application. $ 500,000 2.7.2 Other Funds to be provided (Project match) $ 0 2.7.3 Total Grant Costs (sum of 2.7.1 and 2.7.2) $ 500,000 Project Costs & Benefits (Summary of total project costs including work to date and future cost estimates to get to a fully operational project) 2.7.4 Total Project Cost (Summary from Cost Worksheet including estimates through construction) $ 18,530,700 2.7.5 Estimated Direct Financial Benefit (Savings) $ 3,400,000 per year 2.7.6 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 your application (Section 5.) Not available Renewable Energy Fund Grant Application Round IV AEA11-005 Grant Application Page 6 of 19 7/21/2010 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). 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. The Project Manager for the Triangle Lake hydroelectric project will be Paul Brendible, MIC Director of Contracts and Grants. Mr. Brendible will be assisted by C. Paul Bryant, General Manager of Metlakatla Power & Light. Consultants and contractors will be retained as needed. No project management assistance will be needed from AEA or any other government entity. 3.2 Project Schedule Include a schedule for the proposed work that will be funded by this grant. (You may include a chart or table attachment with a summary of dates below.) As presently proposed, the feasibility analysis and preliminary design of the Triangle Lake hydroelectric project will be conducted in 2011. If the project is deemed technically and economically feasible and the Metlakatla – Ketchikan Intertie is developed as planned, detailed design of the Triangle Lake project will be conducted in 2012. Construction of the Triangle Lake project will be conducted in 2013 and 2014 with commercial operation beginning in 2015. 3.3 Project Milestones Define key tasks and decision points in your project and a schedule for achieving them. The Milestones must also be included on your budget worksheet to demonstrate how you propose to manage the project cash flow. (See Section 2 of the RFA or the Budget Form.) Scheduled project milestones are as follows: Select Consultant for Feasibility Analysis April 1, 2011 Complete Study and Preliminary Design September 30, 2011 Select Consultant for Detailed Design March 1, 2012 Complete Field Research and Studies June 30, 2012 Complete Design October 31, 2012 Request Bids for Materials & Construction January 15, 2013 Select Construction Contractor February 28, 2013 Begin Construction April 15, 2013 Complete Construction December 15, 2014 Renewable Energy Fund Grant Application Round IV AEA11-005 Grant Application Page 7 of 19 7/21/2010 3.4 Project Resources Describe the personnel, contractors, 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. MIC will retain consultants and engineers as needed to provide design and construction services. These contractors will be retained through a process of solicitation of proposals, evaluation of proposals by MIC and MP&L and final selection by MIC. 3.5 Project Communications Discuss how you plan to monitor the project and keep the Authority informed of the status. MIC will provide written monthly summary reports of progress on the project. The monthly reports will include status of activities presently underway, selection of contractors, budget status and schedule progress. Achievement of milestones will be reported as will commitments for material and construction services procurement. In addition, MIC will provide ongoing status reports on its website and will remain in regular telephone contact with the Authority’s project representative. 3.6 Project Risk Discuss potential problems and how you would address them. The Triangle Lake hydroelectric project is expected to be a low risk project. Various studies will be conducted early in the design process to determine the design specifications for the project. Renewable Energy Fund Grant Application Round IV AEA11-005 Grant Application Page 8 of 19 7/21/2010 SECTION 4 – PROJECT DESCRIPTION AND TASKS  Tell us what the project is and how you will meet the requirements outlined in Section 2 of the RFA.  The level of information will vary according to phase(s) of the project you propose to undertake with grant funds.  If you are applying for grant funding for more than one phase of a project provide a plan and grant budget form for completion of each phase.  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. The hydroelectric energy resources available in Metlakatla at the present time are the 1.0 MW Chester Lake project and the 3.0 MW Purple Lake project. The two plants are capable of generating 25,045 MWh per year on average of which about 8,758 MWh is presently estimated to be surplus to the needs of MP&L. Studies have been conducted in the past that have identified potential expansions to the existing hydroelectric facilities as well as a new hydroelectric facility at Triangle Lake. It is estimated that these potential new hydroelectric resources could generate an additional 20,700 MWh on an average annual basis. Ketchikan Public Utilities (KPU) owns and operates 11.7 MW of hydroelectric generating capacity at three separate facilities located relatively close to Ketchikan and 23.0 MW of diesel generation capacity located in its Bailey power plant. The 22.5 MW Swan Lake hydroelectric project, owned by the Southeast Alaska Power Agency (SEAPA), is also available to KPU and provides a significant amount of the total power supply requirement in Ketchikan. The total amount of energy available from the Swan Lake project and KPU-owned hydroelectric resources is about 137,000 MWh on an average annual basis. The Swan-Tyee Intertie (STI) has recently been completed by SEAPA. This transmission line interconnects the electric systems of Ketchikan, Wrangell and Petersburg and provides for the delivery of power from the 22.5 MW Tyee Lake hydroelectric project to Ketchikan. A significant amount of the generating capability of the Tyee Lake project has been surplus to the needs of Petersburg and Wrangell in the past. With the STI, surplus generation from the Tyee Lake project is available to KPU to offset some of KPU’s diesel generation. To the extent that the combined hydroelectric resources are not sufficient to supply the entire power supply requirement at any time, diesel generation will continue to be used as a supplement. With the high price of heating oil, there is a significant change to the use of electric space heat by the residential, commercial and public building customers in Ketchikan. The switch to electric space heat is causing a noticeable increase in electric loads and as a result, more demand is being placed on KPU’s diesel generators to meet the growing need for electricity. The present cost of diesel generation in Ketchikan is estimated to be approximately 17 cents/kWh, a cost that is much higher than was experienced just a few years ago when fuel prices were lower. Renewable Energy Fund Grant Application Round IV AEA11-005 Grant Application Page 9 of 19 7/21/2010 The primary purpose of the Triangle Lake project will be to make additional existing hydroelectric generation available to serve loads in Ketchikan, Wrangell and Petersburg. KPU has evaluated several alternative energy resources in recent years including the Whitman Lake and Mahoney Lake hydroelectric projects, a municipal solid waste to energy project, bio-diesel generation, and new diesel generators. In order to fully utilize the output of the Triangle Lake project it will be necessary to complete the proposed Metlakatla – Ketchikan Intertie. There are many advantages to the Triangle Lake hydroelectric project when compared to the other alternatives being considered. Principal among the benefits of the project are that no fuel of any kind is needed and the environmental impacts of are very low compared to building new generating plants elsewhere. In using hydroelectric energy to supplant diesel generation, the Intertie project will reduce CO2 and NOx emissions in the region. Further, the reduction of diesel generation will reduce the amount of diesel fuel that must be barged into Ketchikan thereby providing an incremental reduction in the probability of fuel spills and other fuel handling mishaps. A noticeable benefit of the Triangle Lake project will be that it will provide clean, hydroelectric energy to Ketchikan, Wrangell and Petersburg that can then be used to offset the use of oil for space heating. Many residents, schools and businesses in these communities are considering converting to electric space heat but the high cost of electricity produced with diesel generation is a deterrent to this transition. Replacing oil heat with electric heat will reduce the amount of pollutant emissions in the area including CO2, SO2 and NOx. 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. The electric system in Metlakatla includes 4.0 MW of hydroelectric capacity and 3.3 MW of diesel generating capacity. The diesel generator, a 4,500 hp Caterpillar unit, is used primarily as a backup emergency reserve. A 1.0 MW Battery Energy Storage System (BESS) was installed in 1997 to provide emergency backup power for a limited time as well as balance out frequency and voltage fluctuations on the MP&L system. The Chester Lake hydroelectric project was constructed in 1986. It includes a 40 foot high concrete arch dam, a 20 inch diameter steel penstock approximately 3,521 feet long and a powerhouse with a single 1,042-kW Pelton turbine generating unit. The Purple Lake hydroelectric project is comprised of a dam, reservoir, tunnel, penstock and powerhouse containing three horizontal Francis type turbine generating units, each rated at 1,000- kW during normal operation. The project was originally built in 1956, however a new control system was installed in 1997, the generators were all rewound in the 1990’s and the turbine runners were refinished in the 1990’s as well. Renewable Energy Fund Grant Application Round IV AEA11-005 Grant Application Page 10 of 19 7/21/2010 The existing generating units in Ketchikan are shown in the following table: Year Installed Rated Capacity(kW)(1) Energy Generation Capability (MWh)(2) KPU Owned Hydroelectric Silvis Lake 1968 2,100 10,300 Beaver Falls Unit #1 1947 1,000 37,800 (3) Beaver Falls Unit #3 1954 2,200 - Beaver Falls Unit #4 1954 2,200 - Ketchikan Unit #3 1923 1,400 18,000 (3) Ketchikan Unit #4 1938 1,400 - Ketchikan Unit #5 1957 1,400 - Subtotal 11,700 66,100 Swan Lake Hydroelectric 1983 22,500 71,400 KPU-Owned Diesel(4) Bailey Unit #1 1970 3,500 - Bailey Unit #2 1970 3,500 - Bailey Unit #3 1976 5,500 - Bailey Unit #4 1998 10,500 - Subtotal 23,000 - Total 57,200 137,500 (1) The rated capacity may exceed the normal maximum operating capacity from the generating units. (2) Energy generation capability for hydroelectric resources is based on average water conditions and load levels similar to those experienced in 2000. Hydroelectric energy generation varies from year to year. (3) Energy generation for the KPU-owned hydroelectric resources is not differentiated by unit. (4) Diesel generators are shown as capacity resources only, although they are used to provide energy supplemental to that provided by the hydroelectric facilities. At a 70% annual plant factor, the annual energy generation capability of the four diesel units is 141,040 MWh. 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. At the present time, MP&L uses its hydroelectric generating resources, the Chester Lake and Purple Lake projects, to meet its own load. Additional energy generation capability, surplus to the needs of MP&L, exists at these plants. In Ketchikan, KPU fully utilizes the generating capability of its City-owned hydroelectric generating facilities. Power is then purchased from the Swan Lake project to meet the remaining energy requirement. At certain times, the generating capability of the combined hydroelectric facilities is insufficient to supply the total load in Ketchikan. This hydroelectric shortage can actually last for an extended time if local precipitation is low. During the times when hydroelectric energy is insufficient, diesel generation is used to meet the remaining load requirement. Renewable Energy Fund Grant Application Round IV AEA11-005 Grant Application Page 11 of 19 7/21/2010 With the Triangle Lake project, additional hydroelectric energy generation will be available to KPU to supply loads and avoid all or a portion of the amount of diesel generation that would be needed otherwise. Another advantage of the project will be that the hydroelectric facilities of the Metlakatla, Ketchikan, Petersburg and Wrangell electric utilities can be operated in a coordinated fashion so as to maximize the capability of all the facilities. This operating improvement is typical of larger systems where individual generating units can be operated within their most efficient ranges and the various reservoirs can be operated most effectively. With the Metlakatla-Ketchikan Intertie and the recently completed Swan-Tyee Intertie, a significantly larger southern Southeast Alaska interconnected electric system will exist. The various hydroelectric facilities within this four community system can be operated on an integrated basis for overall maximum efficiency. Reliability in the four communities will be improved through additional backup options and maintenance on various generating units and transmission lines can be effectively coordinated to reduce outage impacts to electric consumers. 4.2.3 Existing Energy Market Discuss existing energy use and its market. Discuss impacts your project may have on energy customers. In 2009, the total energy sales in Metlakatla were approximately 17,000 MWh of which 7,400 MWh, or 43%, was to residential customers. As previously indicated, the total annual hydroelectric energy generation capability of the existing hydroelectric resources in Metlakatla is about 25,000 MWh. Total energy sales in Ketchikan in 2009 were about 158,100 MWh. Energy sales in Ketchikan are expected to increase noticeably in the immediate future as various residential, public authority and commercial customers switch to electric heat in response to continuing high oil prices. The Metlakatla-Ketchikan Intertie will contribute to lower power costs in Ketchikan. As a municipal electric utility, KPU sets rates based on its costs. Lower power costs will mean lower electric rates, a direct benefit to electric consumers. It is expected that the benefits of the Triangle Lake project in offsetting diesel generation costs will be jointly shared by Ketchikan, Petersburg, Wrangell and Metlakatla. In Ketchikan, Petersburg and Wrangell, the benefits will mean lower electric rates to consumers. In Metlakatla, the benefits can also mean lower electric rates to electric consumers. The benefits in Metlakatla can also be utilized in paying the costs of repairs, replacements and improvements to MP&L’s electric system. With the Swan-Tyee Intertie in operation, KPU is obligated pursuant to contract to use power from the Tyee Lake project, as available, before it makes purchases from Metlakatla. This issue may limit the amount of power KPU can purchase from MP&L. Renewable Energy Fund Grant Application Round IV AEA11-005 Grant Application Page 12 of 19 7/21/2010 4.3 Proposed System Include information necessary to 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:  A description of renewable energy technology specific to project location  Optimum installed capacity  Anticipated capacity factor  Anticipated annual generation  Anticipated barriers  Basic integration concept  Delivery methods The proposed Triangle Lake hydroelectric project will be located on the west side of Annette Island near the route of the proposed Metlakatla – Ketchikan Intertie. The project as presently envisioned will be comprised of a small embankment dam at the outlet of Triangle Lake, a 1.3 mile long penstock and a powerhouse containing a single horizontal Francis turbine generating unit. The dam would raise the normal maximum pool elevation from 383 feet to 400 feet, msl, and allowing for up to 7 percent losses a 4.0 MW turbine generating unit could be installed. Access to the proposed powerhouse site would be via a new 2.7 mile extension from a logging road that connects the Base Camp with the Dash Point Road staging area. An additional 1.3 mile access road would be needed along the penstock route to the dam site. The transmission line from the powerhouse switching station would be about 2.7 miles long and would operate at 34.5- kV. For purposes of preparing a preliminary cost estimate, it is assumed that the dam would be constructed at El. 395 and would be 300 feet long at its crest and 50 feet wide at its base. Crest width would be 12 feet with rock embankment slopes of approximately 34 degrees. The dam would have an impervious clay core and a 50 foot wide spillway would be excavated from one of the abutments and would have an un-gated concrete crest. The drainage area of the project is estimated to be 5.5 square miles and the inflow to Triangle Lake is estimated at 77.9 cfs, which corresponds to an annual average runoff of 193 inches over the watershed. The site is assumed to have no in-stream flow downstream of the embankment dam. With an average net head of 370 feet and an allowance of 5% for outages, the estimated annual generation would be 17,324 MWh from the 4.0MW generating unit. 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. The Triangle Lake hydroelectric project will be located entirely on Annette Island and as such, MIC will have authority over all aspects related to land ownership and site approval. MIC has studied the project in the past and will work with its consultants, engineers and advisors to determine its most optimal configuration. Renewable Energy Fund Grant Application Round IV AEA11-005 Grant Application Page 13 of 19 7/21/2010 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 discussion of potential barriers A significant benefit of the Triangle Lake project is that permitting will be much easier when compared to other potential hydroelectric developments in southern Southeast Alaska. Annette Island is a federally recognized Indian Reservation inhabited and owned in its entirety by the MIC. Accordingly, any upgrade to existing hydroelectric projects or construction of new hydroelectric projects is not subject to State or Federal regulations. Therefore, development of projects on Annette Island can be expedited without being subject to the lengthy Federal Energy Regulatory Commission (FERC) review process that other hydroelectric projects must undergo. MIC will have authority over all other necessary permits and approvals. 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  Identify and discuss other potential barriers It is not expected that these environmental issues will be significant. Renewable Energy Fund Grant Application Round IV AEA11-005 Grant Application Page 14 of 19 7/21/2010 4.4 Proposed New System Costs and Projected Revenues (Total Estimated Costs and Projected Revenues) The level of cost information provided will vary according to the phase of funding requested and any previous work the applicant may have done on the project. Applicants must reference the source of their cost data. For example: Applicants Records or Analysis, Industry Standards, Consultant or Manufacturer’s estimates. 4.4.1 Project Development Cost Provide detailed project cost information based on your current knowledge and understanding of the project. Cost information should include the following:  Total anticipated project cost, and cost for this phase  Requested grant funding  Applicant matching funds – loans, capital contributions, in-kind  Identification of other funding sources  Projected capital cost of proposed renewable energy system  Projected development cost of proposed renewable energy system A cost estimate has been prepared for the Triangle Lake project based on estimates from previous engineering studies adjusted for current labor and material prices and other factors. Triangle Lake Hydroelectric Project Estimated Project Total Cost and Grant Funding Request Direct Construction Mobilization 135,100$ Construction Camp 1,013,200 Land and Land Rights - Structures and Improvements 1,334,300 Reservoirs Dams and Waterways 3,864,800 Turbines and Generators 2,123,200 Accessory Electrical Equipment 1,080,700 Miscellaneous Power Plant Equipment 270,200 Roads, Railways and Bridges 1,621,100 Station Equipment & Structures 262,400 Transmission Line Poles & Fixtures 374,600 Transmission Line Conductor & Devices - Subtotal Direct Construction 12,079,600$ Engineering Design 1,087,400 Geotechnical, Borings & Seismic 362,500 Licensing - Construction Management 724,900 Subtotal 2,174,800 Subtotal - Direct Construction and Engineering 14,254,400$ Contingency at 30%4,276,300 Total Project Cost 18,530,700$ Renewable Energy Fund Grant Application Round IV AEA11-005 Grant Application Page 15 of 19 7/21/2010 The total grant requested at this time is $500,000 to conduct necessary feasibility assessments, preliminary design and conduct basic onsite investigations. The feasibility assessment will involve a detailed evaluation of regional power supply needs and resources in the future. Discussions will be conducted with utility management in the communities to establish reasonable estimates of future power supply options and costs. 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.) It is estimated that annual O&M costs will be relatively low. No grant funds will be needed for O&M costs. 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 Power generated at Triangle Lake will be sold over the Metlakatla – Ketchikan Intertie to Ketchikan Public Utilities (KPU), Wrangell and Petersburg. The power sales price will be negotiated between MIC and these utilities and is expected to be reflective of the cost of power available to KPU, Wrangell and Petersburg from other alternatives. At the present time, KPU, Petersburg and Wrangell pay 6.8 cents per kWh for Swan Lake and Tyee Lake power that is purchased from the Southeast Alaska Power Agency (SEAPA). Other new hydroelectric alternatives for KPU are estimated to have a cost of power in the range of 7.0 cents per kWh and the cost of diesel generation for KPU is about 17 cents per kWh when diesel fuel is at $2.50 per gallon. It is estimated that the sales price of power from the Triangle Lake project would be in the range of 4.5 to 8.0 cents per kWh. 4.4.4 Project Cost Worksheet Complete the cost worksheet form which provides summary information that will be considered in evaluating the project. See attached application worksheet. It is important to note the in the estimation of benefits for the Triangle Lake project, only the net fuel and incremental diesel O&M savings have been included. Additional “capacity” benefits will be realized by Ketchikan in that the project will provide additional reserve benefits to KPU. The value of this capacity benefit has not been estimated at this time. Renewable Energy Fund Grant Application Round IV AEA11-005 Grant Application Page 16 of 19 7/21/2010 Fuel savings have been estimated assuming that the full amount of hydroelectric generation from the project will be sold to KPU, Petersburg and Wrangell. Energy loads in Ketchikan, Petersburg and Wrangell are expected to increase significantly as more emphasis is placed on electric space heat in the community. The calculation of the Benefit Cost ratio shown in the Cost worksheet is based on the net present value of estimated net benefits over a 30 year project life assuming a 5.5% discount rate. 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 (gal and $) 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 The net present value savings of the net benefit of the Triangle Lake hydroelectric project is $56,427,000 over the life of the project (30 years for this analysis). This benefit will be derived almost entirely from the savings in fuel costs for diesel generation. A detailed analysis of the benefits of the Triangle Lake project has been developed assuming full utilization of the generating capability of the project to offset diesel generation. The analysis estimates the amount of diesel fuel offset on a yearly basis assuming a fuel use rate of 14.5 kWh per gallon. Based on an assumed present cost of diesel fuel of $2.50 per gallon and assumed escalation in diesel fuel of 3% per year, the annual savings in fuel costs is estimated. The incremental savings in diesel generator O&M is also estimated based on an O&M cost of 1.5 cents per kWh. The estimated annual savings in fuel costs are reduced by the O&M costs for the Triangle Lake project. The total net present value savings of the estimated net benefits of the Intertie over a 30-year analysis period has been calculated assuming a 5.5% discount rate. The net present value savings based on this analysis is $56,457,000 resulting in a benefit to cost ratio of 3.05 for the project cost of $18,530,700. Other economic benefits that have not been evaluated yet include the capacity benefit that KPU will realize with the Triangle Lake project since the project will be available to serve loads in Ketchikan even when the Swan Lake project or the Swan Lake transmission line are unavailable. It is also important to note that with the Triangle Lake project, KPU, Petersburg and Wrangell Renewable Energy Fund Grant Application Round IV AEA11-005 Grant Application Page 17 of 19 7/21/2010 will be able to provide lower power costs in their communities than could be realized with diesel generation. These lower power costs will then help local residents, public facilities and businesses realize greater savings if they choose to transition from oil to electric space heat. The lower electric rates will consequently serve as an additional incentive to convert to electric heat. The amount that local consumers would save in heating bills by converting to electric heat has not been evaluated as part of this application. Other benefits of the Triangle Lake hydroelectric project include:  More efficient use of the area’s hydroelectric generating resources  Relatively minor negative environmental impacts related to installation and operation of the project  Reduced oil consumption in the area  Reduced air pollution from burning of oil  Incrementally lower risks of fuel handling mishaps  Incrementally lower need for fuel deliveries in and transport through Southeast Alaska  Lower greenhouse gas emissions  Greater electric system reliability  More encouragement to convert to electric space heat in the area  Additional construction jobs in the Metlakatla area  Creation of additional power plant operator jobs in the Metlakatla area 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 The Triangle Lake hydroelectric project will be operated by MP&L in coordination with KPU and SEAPA. Agreements will be established to assure effective maintenance and operating standards are in place and administered. Further, standard utility operating procedures to assure safe and reliable operation will be identified in contracts between MP&L, KPU and SEAPA and will be adhered to. MP&L, KPU and SEAPA currently own, operate hydroelectric facilities similar to the Triangle Lake project and are very familiar with what will be needed to assure a long, useful life for the project. Renewable Energy Fund Grant Application Round IV AEA11-005 Grant Application Page 18 of 19 7/21/2010 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. MIC is prepared to begin the feasibility study of the Triangle Lake project as soon as grant funds are made available. SECTION 8– LOCAL SUPORT Discuss what local support or possible opposition there may be regarding your project. Include letters of support from the community that would benefit from this project. MIC fully supports the Triangle Lake hydroelectric project. No local opposition to the project is expected. SECTION 9 – GRANT BUDGET Tell us how much you want 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. Include an estimate of budget costs by milestones using the form – GrantBudget3.doc The Triangle Lake project is expected to be fully grant funded. Detailed costs are provided in the attached budget form.   Renewable Energy Fund Round 4 Project Cost/Benefit Worksheet   RFA AEA11-005 Application Cost Worksheet Page 1 7-21-10 Please note that some fields might not be applicable for all technologies or all project phases. The level of information detail varies according to phase requirements. 1. Renewable Energy Source The Applicant should demonstrate that the renewable energy resource is available on a sustainable basis. Annual average resource availability. 70% estimated Unit depends on project type (e.g. windspeed, hydropower output, biomasss fuel) 2. Existing Energy Generation and Usage a) Basic configuration (if system is part of the Railbelt1 grid, leave this section blank) i. Number of generators/boilers/other 4 ii. Rated capacity of generators/boilers/other 23,000 kW iii. Generator/boilers/other type Diesel generators iv. Age of generators/boilers/other Varies – 1970 through 1998 v. Efficiency of generators/boilers/other Approximately 14.5 kWh per gallon of diesel fuel b) Annual O&M cost (if system is part of the Railbelt grid, leave this section blank) i. Annual O&M cost for labor $220,000 ii. Annual O&M cost for non-labor $30,000 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] 171,800,000 kWh (2009 actual for Ketchikan Public Utilities) ii. Fuel usage Diesel [gal] 950,000 (approx. for 2009 for KPU) Other iii. Peak Load NA iv. Average Load 19,600 kW (2009 actual for KPU) v. Minimum Load NA vi. Efficiency NA vii. Future trends Increasing loads with conversion to electric space heat. d) Annual heating fuel usage (fill in as applicable) i. Diesel [gal or MMBtu] Unknown ii. Electricity [kWh] Unknown iii. Propane [gal or MMBtu] Unknown iv. Coal [tons or MMBtu] Unknown v. Wood [cords, green tons, dry tons] Unknown vi. Other Unknown                                                              1 The Railbelt grid connects all customers of Chugach Electric Association, Homer Electric Association, Golden Valley Electric  Association, the City of Seward Electric Department, Matanuska Electric Association and Anchorage Municipal Light and Power.      Renewable Energy Fund Round 4 Project Cost/Benefit Worksheet   RFA AEA11-005 Application Cost Worksheet Page 2 7-21-10 3. 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] 17,324,000 hydroelectric b) Proposed annual electricity or heat production (fill in as applicable) i. Electricity [kWh] 17,324,000 ii. Heat [MMBtu] None c) Proposed annual fuel usage (fill in as applicable) i. Propane [gal or MMBtu] None ii. Coal [tons or MMBtu] None iii. Wood [cords, green tons, dry tons] None iv. Other None 4. Project Cost a) Total capital cost of new system $18,530,700 b) Development cost $18,530,700 c) Annual O&M cost of new system $ 250,000 d) Annual fuel cost None 5. Project Benefits a) Amount of fuel displaced for i. Electricity 1,195,000 gallons per year ii. Heat iii. Transportation b) Current price of displaced fuel $ 2,987,000 per year (at $2.50 per gallon) c) Other economic benefits $ 287,000 per year in diesel generator O&M d) Alaska public benefits $ 3,274,000 per year 6. Power Purchase/Sales Price a) Price for power purchase/sale Assumed 8.5 cents/kWh (price to be negotiated later) 7. Project Analysis a) Basic Economic Analysis Project benefit/cost ratio 3.1 Payback (years) 5 Renewable Energy Fund Grant Round IV Grant Budget Form 7-21-10 Milestone or Task Anticipated Completion Date RE- Fund Grant Funds Grantee Matching Funds Source of Matching Funds: Cash/In-kind/Federal Grants/Other State Grants/Other TOTALS Triangle Lake – Feasibility Assessment Sept. 30, 2011 $ 500,000 $ 0 $ 500,000 $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ TOTALS $ 500,000 $ 500,000 Budget Categories: Direct Labor & Benefits $ 40,000 $ $ 40,000 Travel & Per Diem $ $ $ Equipment $ $ $ Materials & Supplies $ $ $ Contractual Services $ 460,000 $ $ 460,000 Construction Services $ $ $ Other $ $ $ TOTALS $ 500,000 $ $ 500,000 Applications should include a separate worksheet for each project phase (Reconnaissance, Feasibility, Design and Permitting, and Construction)- Add additional pages as needed Renewable Energy Fund Grant Round IV Grant Budget Form 7-21-10 Project Milestones that should be addressed in Budget Proposal Reconnaissance Feasibility Design and Permitting Construction 1. Project scoping and contractor solicitation. 2. Resource identification and analysis 3. Land use, permitting, and environmental analysis 5. Preliminary design analysis and cost 4. Cost of energy and market analysis 5. Simple economic analysis 6. Final report and recommendations 1. Project scoping and contractor solicitation. 2. Detailed energy resource analysis 3. Identification of land and regulatory issues, 4. Permitting and environmental analysis 5. Detailed analysis of existing and future energy costs and markets 6. Assessment of alternatives 7. Conceptual design analysis and cost estimate 8. Detailed economic and financial analysis 9, Conceptual business and operations plans 10. Final report and recommendations 1. Project scoping and contractor solicitation for planning and design 2. Permit applications (as needed) 3. Final environmental assessment and mitigation plans (as needed) 4. Resolution of land use, right of way issues 5. Permit approvals 6. Final system design 7. Engineers cost estimate 8. Updated economic and financial analysis 9. Negotiated power sales agreements with approved rates 10. Final business and operational plan 1. Confirmation that all design and feasibility requirements are complete. 2. Completion of bid documents 3. Contractor/vendor selection and award 4. Construction Phases – Each project will have unique construction phases, limitations, and schedule constraints which should be identified by the grantee 5. Integration and testing 6. Decommissioning old systems 7. Final Acceptance, Commissioning and Start-up 8. Operations Reporting