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HomeMy WebLinkAboutTenakee Geothermal Recon Grant Alaska Renewable Energy Fund Grant Application Round 4 Inside Passage Electrical Cooperative Reconnaissance Study of Tenakee Inlet Geothermal Resource Renewable Energy Fund Round IV Grant Application AEA 11-005 Application Page 1 of 19 7/21/2010 Application Forms and Instructions The following forms and instructions are provided to assist you in preparing your application for a Renewable Energy Fund Grant. An electronic version of the Request for Applications (RFA) and the forms are available online at: http://www.akenergyauthority.org/RE_Fund-IV.html Grant Application Form GrantApp4.doc Application form in MS Word that includes an outline of information required to submit a complete application. Applicants should use the form to assure all information is provided and attach additional information as required. Application Cost Worksheet Costworksheet4.doc Summary of Cost information that should be addressed by applicants in preparing their application. Grant Budget Form GrantBudget4.doc A detailed grant budget that includes a breakdown of costs by milestone and a summary of funds available and requested to complete the work for which funds are being requested. Grant Budget Form Instructions GrantBudgetInstructions4.pdf Instructions for completing the above grant budget form. · 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 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. · 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. 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 3 AAC 107.630 (b) Applicants may request trade secrets or proprietary company data be kept confidential subject to review and approval by the Authority. If you want information is to be kept confidential the applicant must: o Request the information be kept confidential. o Clearly identify the information that is the trade secret or proprietary in their application. o Receive concurrence from the Authority that the information will be kept confidential. If the Authority determines it is not confidential it will be treated as a public record in accordance with AS 40.25 or returned to the applicant upon request. Renewable Energy Fund 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) Inside Passage Electric Cooperative Type of Entity: Electric Utility Mailing Address PO Box 210149, Auke Bay, AK 99821 Physical Address 12480 Mendenhall Loop Road, Juneau, AK Telephone 907-789-3196 Fax 907-790-8517 Email JMitchell@Alaska.com 1.1 APPLICANT POINT OF CONTACT / GRANTS MANAGER Name Jodi Mitchell Title CEO Mailing Address P.O. Box 210149, Auke Bay, AK 99821-0149 Telephone 907-789-3196 Fax 907-790-8517 Email JMitchell@Alaska.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) X 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); 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) Reconnaissance Study of Tenakee Inlet Geothermal Resource 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 project is located at the head of Tenakee Inlet, Chichagof Island (approximately at 57° 59’ 24” N, 135° 56’ 20” W) in Southeast Alaska. Communities that may benefit include Hoonah, Tenakee Springs, and Pelican. IPEC currently provides power for Hoonah, which is the largest community on Chichagof. The populations of: Hoonah - 860, Pelican - 163, and Tenakee Springs - 104. We anticipate that all 3 communities would benefit from this project. Market analysis completed during this phase of the project would more completely determine the extent to which these communities will benefit from this project. 2.3 PROJECT TYPE Put X in boxes as appropriate 2.3.1 Renewable Resource Type Wind Biomass or Biofuels Hydro, including run of river Transmission of Renewable Energy X 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) X Reconnaissance Design and Permitting Feasibility Construction and Commissioning Conceptual Design 2.4 PROJECT DESCRIPTION Provide a brief one paragraph description of your proposed project. The purpose of this project is to investigate the potential of using the known geothermal resource at Tenakee Inlet to produce power and evaluate alternative uses of the source. Springs near the head of Tenakee Inlet have the highest recorded surface temperature (176° F) of any of the numerous geothermal springs tested on Chichagof Island and listed on the Geothermal Resources of Alaska Map. Geochemistry of the spring waters indicates a maximum subsurface temperature of 243° F. The surface flow rate of the spring has been measured at 90 L/min and the convective heat discharge estimated at 0.5 MW. We request funding for a two-phase reconnaissance study of the resource with a planned timeline of approximately 18 months. Phase I will include mapping, remote sensing, aerial and ground based geophysics, and geochemical sampling. If justified by the first phase, we will commence with Phase II - exploratory well drilling. In this second phase, two wells would be drilled, although the second would have to be justified by the Renewable Energy Fund Grant Application Round IV AEA11-005 Grant Application Page 4 of 19 7/21/2010 combined results of Phase I and the first well. This is the complete scope of work we are requesting funding for with this grant, but if this work is successful and promising, future work would include additional drilling necessary to confirm and develop the resource, necessary permitting, and power plant and infrastructure construction. 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.) Chichagof Island is a rural island with high electric and heating costs. According to the State’s FY 2008 PCE Statistical Report residential rates in Hoonah averaged $0.52/kWh and in Tenakee Springs averaged $0.54/kWh. The springs at Tenakee Inlet are located approximately 10 miles from Pelican, 20 miles from Hoonah, and 30 miles from Tenakee Springs. Geothermal power, as base load power, would offset diesel fuel costs and emissions for the region; space heating fuel would also be avoided by conversion to electric heating; and would stabilize and lower energy costs. As seen on the chart below, geothermal power cost is comparable to hydro, which is relevant in this area where hydropower is utilized or being investigated to be utilized to provide power to local communities. Lower Energy Costs: According to Jacob and Company Securities estimates in B.C. Hydro - Challenges and Choices (2006) (below), Geothermal’s cost per MWh is competitive with every other method of energy generation, even large hydro and conventional sources such as natural gas and coal plants. Only conservation initiatives are significantly cheaper. Reliability: Geothermal power producing technology is tried and reliable. Ormat’s binary power plants are guaranteed at 95% reliability, and are proven to be 99% reliable. United Technology (UTC) plants have been field tested and proven in the harsh climate of Chena Hot Springs. Most other Renewable Energy Fund Grant Application Round IV AEA11-005 Grant Application Page 5 of 19 7/21/2010 forms of renewable energy do not offer base load power. Geothermal provides base load generation with a capacity factor of over 90 percent. Low environmental impact: Geothermal power production produces almost no emissions, and has a low visual impact and small surface occupancy comparative to other technologies per MW generated. Reinjection of production fluids and air cooling protect the resource and minimize water needs. Public and environmental health, are both enhanced. The project will offset CO2 and other greenhouse gas emissions from the existing fossil fuel base plants. This offset could provide a significant offset credit to the project. Local development and enhanced community sustainability: The greatest challenge will be fully utilizing the potential benefits of geothermal in this area. The power available from the resource maybe greater than the current electric demand of the area. The solution to this imbalance involves changes in the entire energy picture for the area and growth of certain industries that would further the sustainability of the area. Specifically, space heating from fossil fuel sources could be replaced by electric heating or perhaps by direct use of the geothermal fluids of the resource. A transition to electric or hybrid/electric vehicles could further reduce the local dependence on expensive fossil fuels and more fully utilize the resource. The importance of local food security is gaining increased attention. Otherwise unused geothermally produced electricity or heat (even at temperatures too low for economic power production) can be used to grow food. Greenhouses are a proven revenue stream at several geothermal locations around the world including climates similar to Alaska. Chena Hot Springs is a good model of this on a small scale in an even harsher climate. Stable and lower energy prices would stimulate the economy, and the geothermal resource could bring new types of development to the island. Waste heat may be used for warming greenhouses or drying food. Stable and low energy prices may stimulate growth in the troubled fish processing industry in the area. The development of the resource may also help spur the building of a planned road between Hoonah and Pelican, a road which would pass within a few miles of the resource. With lower energy costs, a more robust power transmission system, and a more connective road system, the island would be able to draw and support tourists to its spectacular scenery; and potentially generate additional economic resource bases. As at Chena Hot Springs, the existence of geothermal power itself may be an attractant for tourism. Geothermal power is a novelty without many of the negative connotations of hydro power among environmental or ecotourists. Communities or resorts could use this as a draw to generate a significant income source. According to a 2006 Geothermal Energy Association publication, A Handbook on the Externalities, Employment, and Economics of Geothermal Energy, geothermal power generates 4.25 full time direct, indirect and induced jobs per MW produced and 16 person-years of construction and manufacturing employment per MW. A 5 MW plant at Tenakee would, by these figures, be expected to provide 21 full time jobs in the area and 80 person-years of construction work. Renewable Energy Fund Grant Application Round IV AEA11-005 Grant Application Page 6 of 19 7/21/2010 Benefits from Exploration Phase: The reconnaissance phase of the project has its own benefits. In addition to creating jobs and injecting money into the local economy, it will also test out geothermal prospecting and exploration techniques in the unique environment of Alaska. The majority of previous geothermal reconnaissance has been carried out in arid environments. Much of Alaska and the Pacific Northwest are (like Tenakee) vegetated and wet with temperate to sub-arctic conditions. 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. Total funds needed for this project is $2,579,200. Since there has been very little basic research on the geothermal resources of Southeast Alaska in general, and Tenakee Inlet in particular, we are asking for this project to be fully funded by the Alaska Renewable Energy Grant Fund. Given the uncertainty of the nature of the resource, it is very difficult to acquire financing for this phase of an exploratory project. However, if the project is successful, the experience could be used to leverage funding not only for follow-on stages of this project, but also others in Southeast Alaska. This project has a number of go/no-go points including the completion of fieldwork, drilling Well 1 and then drilling Well 2. These decision points assist in limiting unnecessary spending of grant funds. A total development cost of the resource at Tenakee Inlet has yet to be estimated. This proposed reconnaissance study would be needed to help estimate possible development costs. However, following the methodology of Hattenburg Dilley & Linnell’s 2008 Geothermal Cost Matrix for AEA, total costs through construction, not including transmission, are estimated at $27,000,000. These total costs assume 5 wells to less than 2000 feet; a 5 MW binary power plant; and associated infrastructure. The transmission line costs would be dependent on routing and possible construction of roads and interties planned between the communities. 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. $2,579,200 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) $2,579,200 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) $27,000,000 2.7.5 Estimated Direct Financial Benefit (Savings) $3.7 M to $4 M / year for 30 years 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 $1.44 M / year carbon credit @$33/MWhr for 5 MW plant; greenhouse Renewable Energy Fund Grant Application Round IV AEA11-005 Grant Application Page 7 of 19 7/21/2010 (Section 5.) revenue @ $150,000 to $200,000 / year crop dependent. 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. Inside Passage Electric Cooperative (IPEC) has chosen an experienced team to manage the project. Jodi Mitchell, CEO of IPEC will be the grant manager, but due to limited resources, will use the project management team of Sealaska Corporation. Katherine Eldemar, Assistant to the President and CEO of Sealaska Corporation will be the project manager and be the main point of contact for the AEA Grant Manager. With regards to the performance of the grant, Katherine will have final word over all decisions and will uphold the fiduciary responsibility of Sealaska for the management of the grant. Lorie Dilley, a principal of Hattenburg Dilley & Linnell (HDL) Engineering, will manage the technical aspects of the project. She will organize the consultants and vendors to ensure the success of the project. She may also interact with the AEA Grant Manager on technical aspects of the project. IPEC’s Tenakee Inlet Project Management Structure: AEA Grant Manager Project Manager - Sealaska Corp. Katherine Eldemar Technical Manager - HDL Lorie Dilley, PhD, PE, CPG Drilling and other subcontractors Applicant/Grant Manager-IPEC Jodi Mitchell, CEO Renewable Energy Fund Grant Application Round IV AEA11-005 Grant Application Page 8 of 19 7/21/2010 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.) An estimated schedule is attached and summarized below. This reconnaissance study will be approached in 2 phases. Phase I will include the necessary work to complete the geologic, geophysical, and geochemical exploration of the resource. Phase II will consist of the exploratory well drilling, if the results of the previous surveys warrant. Phase I: Project scoping and contractor solicitation would be on and off through summer 2012, culminating in the selection of a drilling contractor and site restoration contractor, if appropriate. It is assumed that the field exploration may be accomplished in the fall of 2011, assuming the grant is awarded by July, 2011. We have already collected existing large scale aeromagnetic and gravity data for the region, and this and other existing data will allow us to choose locations for additional, finer-scale aeromagnetic, gravity, electrical and geochemical surveys. Focused LIDAR and aerial photography will be collected as well, if deemed useful for this work. The synthesis of field and existing data and the choosing of an exploratory drilling location would be completed by March 2012. At this go/no-go decision point, if the data supports further work, phase II would commence. Land use, permitting, and environmental analysis would be required for the undertaking of the field and drilling activities in both phases of the project, in addition to the analysis in support of the continuing geothermal development of this project. This work, as well as the other reconnaissance-level analyses (Preliminary design and costs, market analysis and economic analysis), would start after the fall field program in 2011 and be incorporated in the final report and recommendations. Final reporting would be accomplished by the end of 2012. Phase II: Drilling and testing of two exploratory wells would be completed in the summer of 2012. The final report would incorporate the results of the drilling and would be completed by the end of 2012. 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.) 1. Project Scoping and Contractor Solicitation: This task will include choosing contractors for the resource reconnaissance. HDL geologists will undertake geological and geochemical portions of the field work, other tasks such as the geophysical field studies, drilling and perhaps some of the analyses will be subcontracted. This task will encompass the choice of a drilling contractor and site restoration contractor by summer, 2012 and end with final contractors needed for project analyses by fall, 2012. 2. Resource Identification and Analysis: This task can be broken up into two parts - 2.1) preliminary field work and synthesis to be completed before the summer of 2012 for Phase I, and 2.2) exploratory well drilling to be completed by the end of the summer, 2012 for Phase II. 2.1. Preliminary field work will include gathering existing information, including satellite images, aeromagnetic and other data as available, as well as a field campaigns to gather new geophysical and geochemical data in the region. Field work planned at this time includes a CSAMT (controlled source audio-frequency magnetotelluric) survey to search for areas of low electrical resistance, a geochemical analysis of springs and soils Renewable Energy Fund Grant Application Round IV AEA11-005 Grant Application Page 9 of 19 7/21/2010 in the area, and a shallow temperature probe survey. The data acquired in this step will be gathered into a GIS project, where features and anomalies from the various surveys can be spatially correlated and compared. This will allow for the development of a conceptual model of the geothermal resource, including inflow and outflow of geothermal fluids. A first exploratory well site will be chosen by the strongest correlation of anomalies. This is a go/no go point, as the strength of the correlation of anomalies may or may not warrant the drilling of an exploratory well. 2.2. Drilling will include the obtaining of necessary permits for access and drilling at the chosen site. Wells drilled will be exploratory core - thermal gradient wells. A vendor specializing in geothermal drilling will conduct the drilling using industry best practices to minimize risks. The target depth of the well will be determined by the exploratory studies, but is anticipated to not exceed 2000 feet in depth. Testing of the well will include standard test such as pressure and temperature, as well as fluid inclusion stratigraphy, a low-cost technique developed for geothermal systems by Lorie Dilley, and useful for gathering information on reservoir processes, flow paths, and permeability. This is another go/no-go decision point, where results would have to warrant the drilling of a second well. If they do, the previous information will be used to site a second well, whose drilling process and testing will mirror the first. These wells will then be subjected to an extended flow test lasting approximately 10 days to better characterize the resource. 3. Land Use, Permitting, and Environmental Analysis: This task will include work both to permit the exploration and drilling activities as well as to identify and do a more thorough analysis of the land use, resource issues, permitting, and environmental needs of the geothermal plant through construction. Permitting for this exploration phase will, of course, need to be completed before exploration activities detailed above can commence. Analysis for reporting purposes will continue through drilling until the end of 2012. HDL, working with IPEC and Sealaska, will conduct this task. 4. Preliminary design analysis and cost: A preliminary design for a geothermal field to use this resource along with estimated costs will be analyzed. This preliminary design will include wells, gathering systems, necessary roads and infrastructure, the plant itself, and transmission lines. This will be included in the reporting in 2012. HDL will complete this task. 5. Cost of Energy and Market Analysis: To be completed as per the outline in Section 2.3 of the RFA and included in the final reporting at the end of 2012. 6. Simple Economic Analysis: To be completed as per the outline in Section 2.3 of the RFA and included in the final reporting at the end of 2012. IPEC and HDL will complete Tasks 5 and 6. If necessary, a subcontractor will be selected to assist with these two tasks. 7. Final Report and Recommendations: A final report including data and results of the resource exploration, the land use, permitting and environmental analysis, the preliminary design analysis and costs, the market analysis, the simple economic analysis and recommendations will be completed and submitted to AEA by the end of 2012. IDTask NameDurationStartFinish1Task 1 Project Scoping & Contractor Solicitation300 daysMon 8/15/11Fri 10/5/122Task 2 Resource Indification & Analysis290 days?Mon 8/22/11Fri 9/28/123Fieldwork - geology, geochemistry, & geophysics45 days?Mon 8/22/11Fri 10/21/114Drilling 2 wells80 days?Mon 6/11/12Fri 9/28/125Task 3 Land Use, Permitting, & Environmental Analysis306 days?Mon 8/22/11Mon 10/22/126Task 4 Preliminary Design Analysis & Cost281 days?Mon 10/3/11Mon 10/29/127Task 5 Cost of Energy & Market Analysis61 days?Mon 8/6/12Mon 10/29/128Task 6 Simple Economic Analysis35 days?Mon 8/6/12Fri 9/21/129Task 7 Final Report & Recommendations70 days?Mon 9/10/12Fri 12/14/12Qtr 2Qtr 3Qtr 4Qtr 1Qtr 2Qtr 3Qtr 4Qtr 120122013TaskSplitProgressMilestoneSummaryProject SummaryExternal TasksExternal MilestoneDeadlinePage 1RECONNAISSANCE STUDYTENAKEE INLETGEOTHERMAL RESOURCE Renewable Energy Fund Grant Application Round IV AEA11-005 Grant Application Page 10 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. Lorie Dilley of HDL has extensive experience with geothermal reconnaissance projects, in Alaska and elsewhere. HDL geologists will collect field geological and geochemical data, and will provide synthesis and analysis of the resource data. HDL will select experienced industry vendors to carry out the CSAMT survey and to drill and test the exploratory wells. The cost estimate for drilling was provided by the Geothermal Resource Group, a well known firm in the geothermal drilling industry in the western United States. HDL has experience in performing reconnaissance level designs, costs and economic analyses of geothermal systems for AEA, and has in-house environmental, surveying and engineering teams to complete the tasks. Lorie has ties to both University of Alaska Fairbanks, Alaska Center for Energy and Power, Energy and Geoscience Institute at University of Utah and other academic and industry leaders in exploring and developing geothermal resources. IPEC and Sealaska can provide data for the cost of energy and market analysis. If necessary, firms specializing in market and economic analyses may be subcontracted for portions of this work. 3.5 Project Communications Discuss how you plan to monitor the project and keep the Authority informed of the status. The project team, including IPEC, Sealaska, and HDL plan to communicate regularly (at least weekly) with each other via phone and email to coordinate all aspects of the project. Katherine at Sealaska will be the primary point of contact for the AEA grant manager on budget and scheduling issues. Lorie at HDL will be the primary point of contact for AEA on technical issues and reporting. The team will prepare monthly progress reports for AEA, and also welcomes AEA’s contact at any time to resolve questions on scheduling, budget, scope, or other issues. 3.6 Project Risk Discuss potential problems and how you would address them. Geothermal exploration carries significant risk of financial expenditure without success, even in areas of a known geothermal resource. Sufficiently hot fluids as well as permeability of the source rock are both necessary for conventional geothermal development. Although the resource at Tenakee Inlet is known to exist, due to surface expression and geothermometry of the springs, very little is known about the fundamental characteristics of this resource including temperatures and permeabilities at depth. This is the main reason we are asking the Alaska Renewable Energy Fund to completely fund this phase of the project. We propose to carry out an intelligent exploration utilizing industry-recognized methods of geothermal investigation. There are multiple go/no-go decision points in the project to protect against unwise expenditures if the resource does not look promising for further study at these points. If the anomalies pointing to areas of geothermal interest are not strong or significantly correspondent, or if the reservoir model produced from the initial phase of field exploration does not warrant well drilling, the project may be stopped at this point. If the first exploratory well does not intersect a favorable resource, the plans to drill a second well may be abandoned. Renewable Energy Fund Grant Application Round IV AEA11-005 Grant Application Page 11 of 19 7/21/2010 The known surface expression of the resource, and thus the targeted area of exploration, is located on National Forest Service lands. Given the recent PEIS and work by the federal agencies to streamline geothermal development on certain federal lands (including USFS lands), we anticipate that permitting this phase of the project can be accomplished within the timeframe given. Our budget and timeline for this activity, with drilling taking place the second summer after the grant is awarded, should give us time to deal with access, permitting, and environmental issues. Field work in this remote and rugged area will be challenging. The members of the team have experience working in remote Alaskan locations, delivering projects to AEA, and are well prepared to deal with the challenges of keeping a project of this nature on budget and on schedule, and dealing with contingencies. 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 amount of energy resource available is the main target of this phase of the project. A geochemical analysis of the spring has yielded a possible maximum temperature of the source water at depth of 243° F (117° C). A temperature gradient reported by Economides in 1982 for the separate resource (investigated by shallow wells) approximately 30 miles away at Tenakee Springs indicates a temperature gradient of 13° C/100 feet, with a surface temperature of 16° C. At this gradient, temperatures of 243° F would be reached by 800 feet in depth. Using a calculation from a DOE paper by Hanse from 2005, each well at this temperature may produce over a megawatt of electricity. The exploratory wells in this phase of the project are planned to confirm the existence, depth, temperature and flow rate of geothermal fluids, which is necessary to better constrain the size of the resource. An estimate for the potential developable size of this resource is from 3 to 6 MW. Other alternatives to the market may include other geothermal resources on the Island, such as those at Tenakee Springs. The springs at Tenakee Inlet, however, have a much higher surface temperature and thus are a better prospect to produce power for the region. They are also closer to Hoonah, which is the major population center on the island. Hydro power exists in Pelican and is being explored for Hoonah and Tenakee Springs. Biomass generation may be possible as well, fish oil and trees being regionally available, though accessible quantities and USFS protections may be prohibitive. The economic and market analysis of this project would compare the potential benefits of and cost effectiveness of the alternatives. It is of note that the cost of geothermal power can compare favorably even with hydro power (see section 2.5 of this application), while being a clean, low impact, reliable, mature technology capable of delivering baseload power with no fuel costs. Renewable Energy Fund Grant Application Round IV AEA11-005 Grant Application Page 12 of 19 7/21/2010 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. IPEC operates three diesel-powered generators in Hoonah. Their sizes are 610 kW, 855 kW, and 1000 kW, with ages of 31, 17, and 11 years. Overall efficiency is 14.25 kWh/gallon of fuel. Pelican’s power is provided by Pelican Utility Company, and consists of 2,660 kW capacity combined from hydro and diesel generation. The City of Tenakee Springs provides electricity for that community from a 226 kW capacity diesel generation system. More information on the existing energy systems would be gathered as part of this reconnaissance project. 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 energy resources include diesel electricity generation at Hoonah, Pelican and Tenakee Springs, and hydro power generation at Pelican. Existing systems also rely on fossil fuels for heating, transportation, and the importation of food. If built, a geothermal power plant at Tenakee Inlet would serve to displace power generation by some or all of these sources. The resource would likely be adequate to displace fossil fuel use beyond that currently used to generate power in the area. Diesel fuel use would be less, by an amount to be determined by the size of the resource - which will be investigated in this phase of the project. Although geothermal provides base load power, back up in the form of hydro or diesel may still be warranted. 4.2.3 Existing Energy Market Discuss existing energy use and its market. Discuss impacts your project may have on energy customers. It is anticipated that geothermal power from this project would supply the electricity needs for the communities of Hoonah, Pelican and Tenakee Springs. Power costs would be more stable than relying on diesel fuel for generation, and would likely be cheaper over the long run as well. This question will be more fully answered by the analysis to be conducted in this reconnaissance phase of the project. 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 This information will be developed as part of the preliminary design analysis to be carried out in Renewable Energy Fund Grant Application Round IV AEA11-005 Grant Application Page 13 of 19 7/21/2010 this reconnaissance. Due to the geochemically assumed temperature of the resource (243° F), we anticipate that a binary geothermal power plant will be the design plant. Depending on the size of the resource and the power needs, this binary plant could be of the UTC type, such as is utilized at Chena Hot Springs, or a custom binary plant. The anticipated generation would be 3 to 6 MW. 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 geothermal spring at Tenakee Inlet is on USFS lands. Permits and leases will have to be obtained from the Forest Service and any other land owners impacted by development. This will be further investigated as part of the scope of this phase of the project. 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 IPEC working with HDL will obtain necessary authorizations from relevant permitting authorities. To our knowledge, the description below constitutes the major permits required for the reconnaissance activities. The key permit required for the Summer 2011 and 2012 exploration is a Geophysical Exploration Permit from the Alaska Division of Oil and Gas. The permit takes 50-90 days to process. This permit will be based on IPEC’s Plan of Exploration, which will be submitted July, 2011 (assuming this work is funded and able to proceed at that time) and presents a plan essentially identical to the one depicted in this grant application. Other applicable permits that may need to be secured prior to the Summer 2011 and 2012 exploration program include: DNR Division of Mining Land & Water (DMLW) · Land use permit [11 AAC 96] – for staging areas · ROW [AS 38.05.850] –for roads, trails, ditches, or field gathering lines DNR Division of Oil and Gas (DO&G) [or potentially, the Alaska Oil and Gas Conservation Commission] · Drilling Permits Office of Habitat Management & Permitting (ADFG) · Fish habitat permits [AS 16.05.841] for activities within or across a stream listed in the Atlas of Waters Important for Spawning, Rearing, or Migration of Anadromous Fishes. Office of Project Management & Permitting (OPMP) · ACMP Coastal Zone consistency determination US Forest Service (USFS) · Special use permit – for activities in the National Forest Renewable Energy Fund Grant Application Round IV AEA11-005 Grant Application Page 14 of 19 7/21/2010 Additional permits that may need to be secured prior to Summer 2012 exploration program include: Alaska Department of Environmental Conservation (ADEC) · Temporary storage of drilling waste · Oil discharge prevention and contingency plan · Certificate financial responsibility · Domestic water and wastewater permits · Minor air permit US Army Corps of Engineers (ACOE) · Any dredging or filling of wetlands – 404 permit Other general permits · Permits may be required for establishing man camps and for transporting equipment into the field site. · Lease sale requirements if applicable. Regulatory; Permitting barriers · At this time, we have not identified any major regulatory barriers that would effect the resource assessment. We intend to work with local partners, including Native Corporations, to assist with the permitting to ensure permits are obtained in a timely manner. · As progress is made during resource assessment, we will ascertain barriers to construction and interconnection. However, these barriers are not within the scope of this application. 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 This will be investigated as part of the scope of this phase of the project. A PEIS (programmatic environmental impact statement) has been prepared for geothermal leasing on federal lands in the western United States and Alaska, which should help in facilitating the environmental process for the overall project. Renewable Energy Fund Grant Application Round IV AEA11-005 Grant Application Page 15 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 This project is estimated to cost approximately $27,000,000 through construction, based on our preliminary evaluation (using the same methodology used by HDL Engineering to construct the Geothermal Cost Matrix for AEA, 2009). Total costs for this reconnaissance study is $2,579,200. We are requesting grant funding for the full amount. Capital and development costs of the resource will be investigated as part of the scope of this phase of the project. 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.) This will be investigated as part of the scope of this phase of the project. O&M costs for a geothermal power plant include routine oversight of plant operation and visual inspections by plant operators and maintenance to clean, repair and replace parts as needed. Routine calibration and resupply of consumables is also needed. Ormat estimates the O&M costs for Mt. Spur to lie in the range of $0.03 to $0.06 / kWh, which is in the expected range for geothermal power plants. A plant at Tenakee would likely have O&M costs at the high end of this range due to the economy of scale benefiting Mt. Spur (assumed to be a much larger plant). Both plants are relatively remote. Tenakee is in a less geologically hazardous area and this may lower its relative operations 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 This will be investigated as part of the scope of this phase of the project. Renewable Energy Fund Grant Application Round IV AEA11-005 Grant Application Page 16 of 19 7/21/2010 4.4.4 Project Cost Worksheet Complete the cost worksheet form which provides summary information that will be considered in evaluating the project. The cost worksheet is attached. The simplified cost/benefit analysis in the worksheet is based on the $27 million capital costs spread out across 8 years plus an annual O&M cost of $0.06/ kWh for a 5 MW plant. The fuel cost displaced was for Hoonah only. This number will be higher once the other communities are included. A carbon offset based on $33/MWh was considered as a benefit. Not included in the analysis are the other benefits that may be derived from this project including · Greenhouses ($150,000 to $200,000 depending upon crop and production facilties) · Ecotourism/Resorts · 10 to 20 full time jobs created at annual average salary $50,000 which would provide $500,000 to $1,000,000 in the local economy. 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 above points will all be further addressed at part of the scope of this reconnaissance study. There are several non-economic benefits of this project: This Reconnaissance Study has several benefits to the people of Alaska, including a greater knowledge of the geothermal resources of Southeast Alaska, which are generally poorly understood and characterized at this time. It will also help determine which industry approved geothermal exploration techniques are most effective in prospecting for geothermal in the wet, vegetated, and harsh conditions of much of Alaska. The development of geothermal at promising sites in Alaska would provide stable, base load power which could spur economic development in fishing, canning, tourism and other industries. Energy costs would also be more stable for local communities, and waste heat and excess power generation could be used in various ways such as in greenhouses to establish greater local food security. By offsetting diesel fuel generation and the resulting emissions, geothermal development would also lead to cleaner air and reduced greenhouse gas emissions. In combination with electric/plug-in vehicles, clean geothermal power could be used to offset the need for petroleum transportation fuels, which could enhance national security, protect the environment from the effects of oil exploration, drilling, spills, and carbon emissions and other pollutants from combustion. Renewable Energy Fund Grant Application Round IV AEA11-005 Grant Application Page 17 of 19 7/21/2010 Geothermal development would also provide local jobs, both directly and indirectly (see section 2.5). Based on the Geothermal Energy Association publication referenced in section 2.5, a 5 MW plant could provide and stimulate 10 to 21 full time local jobs, as well as 80 person-years of construction and manufacturing work during construction. Geothermal provides more jobs than conventional power plants, and these jobs are quality and long term. People with a variety of job skills from pipe fitters to geologists to spa developers, with many in between, find long term local income potential from geothermal development. 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 IPEC proposes to own and operate the geothermal plant. Maintenance and operations would be funded by customer utility payments. IPEC has been a stable utility and was formed in the 1970’s as the Tlingit and Haida Regional Electrical Authority (THREA). In 2004 THREA was reorganized as a member-owned electric cooperative. IPEC would certainly commit to reporting savings and benefits. Operational issues and costs would be addressed by this and further phases of the project. 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. A team has been assembled that would be able to begin immediately upon award with this project. Permitting and field work planning activities and vendor solicitations could begin immediately, and we anticipate mobilizing field crews within a month of approval, assuming approval is granted in July of 2011 with time left for Summer/early Fall field work. This would give an entire winter for data analysis and synthesis by the assembled team, and permitting and soliciting a vendor for drilling services for the succeeding summer. This is the first work to be done on this project, but the team members have past experience meeting the requirements of other grants and projects. No previous significant research has been done on this site. Resources such as Makushin and Mt. Spur have benefited from state and university funded and led research in the 1980’s. Smaller resources or those with smaller nearby communities have in general only been further investigated due to the existence of a highly motivated interested owner, such as at Chena. Despite favorable signs of a developable local resource and the existence of nearby communities, Tenakee has no self-interested owner and is small and remote enough to have been neglected in Renewable Energy Fund Grant Application Round IV AEA11-005 Grant Application Page 18 of 19 7/21/2010 the past. This is a perfect point in history to begin a more in depth look at this resource. Fuel costs are high and likely to increase in the future. The world and governments are gaining awareness of the negative effects of carbon and the exploitation and importation of oil. Electric and plug-in hybrid cars are being released in general production. The importance of local food security is becoming understood. All of these factors make it more likely that this resource could be effectively utilized to provide maximum benefit to the local communities than at any time in the past. We have gathered existing aeromagnetic, gravity, and geochemical data. These data sets are sparse and on a large scale in the area, but give us the needed background to effectively and quickly begin the resource evaluation needed before any other stages of resource development can occur, including securing other sources of funding. Specific areas for further field investigation and geophysical studies can be quickly selected based on this previous work. 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. So far in our plan to investigate the development of geothermal at Tenakee Inlet we have encountered nothing but support for this clean, reliable energy source. IPEC is the member owned electrical cooperative providing power to Hoonah, which is by far the largest community that would benefit from this project. Tenakee Springs as a community supports geothermal and is investigating the potential locally. Attached are letters of support from Sealaska-Southeast Alaska Native regional corporation; Huna Totem Corporation – Village Native Corporation for Hoonah; and the Central Council Tlingit and Haida Indian Tribes of Alaska. 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 At this early point in the project, additional funding sources and matching funds are not available, therefore IPEC is asking for the entire $2,579,200 needed for this reconnaissance study. It is assumed that positive analysis of the project potential from this phase could be used to leverage funds from investors for additional phases of the project. Other funding and grant sources, such as future funding opportunities from the Department of Energy, will be sought and applied for as they become available. Page 19 of 19 Additional Documentation . ____________________________ ____________________________ 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. Up to 100% 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 3 (all info is for IPEC in Hoonah) ii. Rated capacity of generators/boilers/other 610 KW, 855 KW, and 1000 KW iii. Generator/boilers/other type Diesel Generators iv. Age of generators/boilers/other 31, 17, 11 years v. Efficiency of generators/boilers/other 14.25 kWh/gallon b) Annual O&M cost (if system is part of the Railbelt grid, leave this section blank) i. Annual O&M cost for labor $93,825 ii. Annual O&M cost for non-labor $1,085,066 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] 5,011,674 in 2008 ii. Fuel usage Diesel [gal] 348,703 in 2008 Other iii. Peak Load 900 KW iv. Average Load 845 KW v. Minimum Load 780 KW vi. Efficiency 14.25 kWh per gallon of diesel consumed vii. Future trends d) Annual heating fuel usage (fill in as applicable) i. Diesel [gal or MMBtu] ii. Electricity [kWh] iii. Propane [gal or MMBtu] iv. Coal [tons or MMBtu] v. Wood [cords, green tons, dry tons] vi. Other 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] Unknown until further study is done, but at assuming 3- 6MW of geothermal energy b) Proposed annual electricity or heat production (fill in as applicable) i. Electricity [kWh] 26,280,000 kWh – 52,560,000 kWh @ 95% availability ii. Heat [MMBtu] Unknown c) Proposed annual fuel usage (fill in as applicable) i. Propane [gal or MMBtu] Not applicable ii. Coal [tons or MMBtu] Not applicable iii. Wood [cords, green tons, dry tons] Not applicable iv. Other Not applicable 4. Project Cost a) Total capital cost of new system Estimated at $27,000,000 plus transmission b) Development cost Included above c) Annual O&M cost of new system Unknown but expected to be order of $0.06/kWh d) Annual fuel cost -0- 5. Project Benefits a) Amount of fuel displaced for i. Electricity 348,703 gallons or more ii. Heat Unknown until resource is better defined iii. Transportation Unknown until resource is better defined b) Current price of displaced fuel Approximately $1,085,000 (for Hoonah) for electric c) Other economic benefits Greenhouse - $150,000 to $200,000 /year depending upon vegetables and production. d) Alaska public benefits 10 to 20 full time jobs @ $50,000 / year = $500,000 (for 10 jobs), Carbon Credit at $33/MWh generates $1,445,400/yr 6. Power Purchase/Sales Price a) Price for power purchase/sale Unknown until resource is better defined 7. Project Analysis a) Basic Economic Analysis Project benefit/cost ratio 1.11 Payback (years) 21 Renewable Energy Fund Round 4 Project Cost/Benefit Worksheet RFA AEA11-005 Application Cost Worksheet Page 3 7-21-10 Year Fuel Cost O&M Costs Carbon Credit Total O&M & Devel Displaced Displaced $33/MWh Benefit Costs 2015 $ 1,085,000 $ 1,178,891 $ 1,445,400 $ 3,709,291 $ 4,628,000 2016 $ 1,095,850 $ 1,178,891 $ 1,445,400 $ 3,720,141 $ 4,628,000 2017 $ 1,106,809 $ 1,178,891 $ 1,445,400 $ 3,731,100 $ 6,628,000 2018 $ 1,117,877 $ 1,178,891 $ 1,445,400 $ 3,742,168 $ 6,628,000 2019 $ 1,129,055 $ 1,178,891 $ 1,445,400 $ 3,753,346 $ 6,628,000 2020 $ 1,140,346 $ 1,178,891 $ 1,445,400 $ 3,764,637 $ 6,628,000 2021 $ 1,151,749 $ 1,178,891 $ 1,445,400 $ 3,776,040 $ 6,628,000 2022 $ 1,163,267 $ 1,178,891 $ 1,445,400 $ 3,787,558 $ 5,628,000 2023 $ 1,174,900 $ 1,178,891 $ 1,445,400 $ 3,799,191 $ 2,628,000 2024 $ 1,186,649 $ 1,178,891 $ 1,445,400 $ 3,810,940 $ 2,628,000 2025 $ 1,198,515 $ 1,178,891 $ 1,445,400 $ 3,822,806 $ 2,628,000 2026 $ 1,210,500 $ 1,178,891 $ 1,445,400 $ 3,834,791 $ 2,628,000 2027 $ 1,222,605 $ 1,178,891 $ 1,445,400 $ 3,846,896 $ 2,628,000 2028 $ 1,234,831 $ 1,178,891 $ 1,445,400 $ 3,859,122 $ 2,628,000 2029 $ 1,247,180 $ 1,178,891 $ 1,445,400 $ 3,871,471 $ 2,628,000 2030 $ 1,259,651 $ 1,178,891 $ 1,445,400 $ 3,883,942 $ 2,628,000 2031 $ 1,272,248 $ 1,178,891 $ 1,445,400 $ 3,896,539 $ 2,628,000 2032 $ 1,284,970 $ 1,178,891 $ 1,445,400 $ 3,909,261 $ 2,628,000 2033 $ 1,297,820 $ 1,178,891 $ 1,445,400 $ 3,922,111 $ 2,628,000 2034 $ 1,310,798 $ 1,178,891 $ 1,445,400 $ 3,935,089 $ 2,628,000 2035 $ 1,323,906 $ 1,178,891 $ 1,445,400 $ 3,948,197 $ 2,628,000 2036 $ 1,337,145 $ 1,178,891 $ 1,445,400 $ 3,961,436 $ 2,628,000 2037 $ 1,350,517 $ 1,178,891 $ 1,445,400 $ 3,974,808 $ 2,628,000 2038 $ 1,364,022 $ 1,178,891 $ 1,445,400 $ 3,988,313 $ 2,628,000 2039 $ 1,377,662 $ 1,178,891 $ 1,445,400 $ 4,001,953 $ 2,628,000 2040 $ 1,391,439 $ 1,178,891 $ 1,445,400 $ 4,015,730 $ 2,628,000 2041 $ 1,405,353 $ 1,178,891 $ 1,445,400 $ 4,029,644 $ 2,628,000 2042 $ 1,419,407 $ 1,178,891 $ 1,445,400 $ 4,043,698 $ 2,628,000 2043 $ 1,433,601 $ 1,178,891 $ 1,445,400 $ 4,057,892 $ 2,628,000 2044 $ 1,447,937 $ 1,178,891 $ 1,445,400 $ 4,072,228 $ 2,628,000 2045 $ 1,462,416 $ 1,178,891 $ 1,445,400 $ 4,086,707 $ 2,628,000 $ 39,204,023 $ 36,545,621 $ 44,807,400 $ 120,557,044 $ 108,468,000 Benefit $ 120,557,044 Cost $ 108,468,000 Ratio 1.11 Simplified zero inflation model assuming 1) Hoonah only fuel displaced with increase of 1%/yr; 2) O&M costs displaced based on 2b above; 3) Carbon credit available at $33/MWh (various literature sources GRC Bulletin, and industry analysts); 4) Geothermal O&M costs of $0.06/kWh for 5 MW plant and $27million development costs in first 8 years. 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 Phase I: RECONNAISSANCE: 1. Project scoping and contractor solicitation 10/2012 $ 92,800 $ 0 $ 92,800 2. Resource identification and analysis 9/2012 $2,200,400 $ 0 $2,200,400 Field Work 10/2011 $ 599,200 $ 0 $ 599,200 Drilling 9/2012 $1,601,200 $ 0 $1,601,200 3. Land use, permitting, and environ. analysis 10/2012 $ 73,800 $ 0 $ 73,800 4. Preliminary design analysis and cost 10/2012 $ 86,000 $ 0 $ 86,000 5. Cost of energy and market analysis 10/2012 $ 31,000 $ 0 $ 31,000 6. Simple economic analysis 10/2012 $ 22,800 $ 0 $ 22,800 7. Final Report & Recommendations 12/2012 $ 72,400 $ 0 $ 72,400 TOTALS $2,579,200 $ 0 $2,579,200 Budget Categories: Direct Labor & Benefits $ 89,200 $ 0 $ 89,200 Travel & Per Diem $ 6,400 $ 0 $ 6,400 Equipment $ $ 0 $ Materials & Supplies $ $ 0 $ Contractual Services $2,027,600 $ 0 $2,027,600 Construction Services $ $ 0 $ Other (Camp and Helicopter Services) $ 456,000 $ 0 $ 456,000 TOTALS $2,579,200 $ 0 $2,579,200 Applications should include a separate worksheet for each project phase (Reconnaissance, Feasibility, Design and Permitting, and Construction)- 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 TEL. 907-586-1432 www.ccthita.org TOLL FREE 800-344-1432 CENTRAL COUNCIL Tlingit and Haida Indian Tribes of Alaska Office of the President Andrew Hope Building 320 West Willoughby Avenue • Suite 300 Juneau, Alaska 99801-1726 November 10, 2009 Alaska Energy Authority (AEA) 813 West Northern Lights Blvd Anchorage, Alaska 99503 Re: IPEC Geothermal Renewable Energy Fund Grant Application - Round 3 Dear Alaska Energy Authority: The Central Council Tlingit & Haida Indian Tribes of Alaska (Central Council) writes in support of the IPEC geothermal grant application for the Hoonah and Tenakee geothermal project. The Central Council is the federally recognized tribe of Tlingit and Haida Indians in Southeast Alaska representing more than 26,000 tribal members. As the Tribe, we are concerned about the continued extraordinary energy costs within our rural Southeast communities, including the village of Hoonah. Inside Passage Electric Cooperative (IPEC) is the only utility in Hoonah. IPEC’s electricity is entirely generated by diesel generators. Because the diesel prices have been extremely expensive and unpredictable it has created an extreme burden on the Hoonah community residents and businesses. The Central Council supports IPEC’s AEA geothermal grant application and asks AEA to award the geothermal grant to them. If proven to be a viable geothermal project, IPEC anticipates serving both Hoonah and Tenakee with the reliable source of energy. The grant will enable the parties to take the first step in ascertaining the viability of the geothermal site. IPEC’s geothermal grant application should receive the AEA award to assist rural communities in their efforts to shift from expensive diesel fuel dependency to renewable energy. If you have any questions please feel free to contact me. Thank you very much for your consideration in assisting Hoonah and Tenakee with renewable alternatives to diesel energy. Sincerely, William E. Martin President