HomeMy WebLinkAbout2 - Cost Worksheet & 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. 44,800 MWh
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 13 (see page 11 of grant application for
breakdown)
ii. Rated capacity of generators/boilers/other 35.1 MW (see page 11 of grant application)
iii. Generator/boilers/other type Fairbanks Morse, Enterprise, Caterpillar, Solar, Fuji
Francis, EMD
iv. Age of generators/boilers/other Ranges from 1952-2010
v. Efficiency of generators/boilers/other Ranges from 9.3 kWh/gallon to 15.2 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 $2,557,000
ii. Annual O&M cost for non-labor $1,318,000
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] 83,525,000 kWh’s – 2010 budgeted gross generation
ii. Fuel usage
Diesel [gal] 1,112,000 gallons per year (based on five year average)
Other LSR Fuel: 2,247,000 gallons per year (based on five year average)
iii. Peak Load 12.60 MW (2009 actual)
iv. Average Load 11.46 MW (five year average)
v. Minimum Load 9.1 MW (2009 actual)
vi. Efficiency Ranges from 9.3 kWh/gallon to 15.2 kWh/gallon
vii. Future trends No growth
d) Annual heating fuel usage (fill in as applicable)
i. Diesel [gal or MMBtu] N/A
ii. Electricity [kWh]
iii. Propane [gal or MMBtu]
iv. Coal [tons or MMBtu]
v. Wood [cords, green tons, dry tons]
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]
Hydro
b) Proposed annual electricity or heat production (fill in as applicable)
i. Electricity [kWh] 44,800,000 kWh’s
ii. Heat [MMBtu]
c) Proposed annual fuel usage (fill in as applicable)
i. Propane [gal or MMBtu] N/A
ii. Coal [tons or MMBtu]
iii. Wood [cords, green tons, dry tons]
iv. Other
4. Project Cost
a) Total capital cost of new system Estimated at $89,560,000
b) Development cost Unknown
c) Annual O&M cost of new system Estimated at $10/MWh
d) Annual fuel cost 0
5. Project Benefits
a) Amount of fuel displaced for
i. Electricity 3,200,000 gallons (x $3.42) = $10,953,867
b) Current price of displaced fuel $2.98 inflated at 2% per year = $3.42 in 2016
c) Other economic benefits Other potential interconnection benefits not defined
d) Alaska public benefits
6. Power Purchase/Sales Price
a) Price for power purchase/sale Unknown, estimated at 18¢ for assumption (Estimated
first year costs divided by estimated energy)
7. Project Analysis
a) Basic Economic Analysis
Project benefit/cost ratio $202,457,325 / $89,559,549 = 2.26
Payback (years) Estimated 18 years as shown on Attachment E.
Many other benefits unknown at this time, will determine in the
feasibility study.
Renewable Energy Fund Grant Round IV Grant Budget Form 7-21-10
Milestone or Task Anticipated
Completion Date
RE- Fund
Grant Funds
75%
Grantee Matching
Funds
25%
Source of Matching
Funds:
Cash/In-kind/Federal
Grants/Other State
Grants/Other
TOTALS
(List milestones based on phase and type of project.
See Attached Milestone list. )
Project scoping and contractor solicitation 4th Qtr 2010 $18,750 $6,250 $25,000
Detailed energy resource analysis 3rd Qtr 2011 $322,500 $107,500 $430,000
Identification of land and regulatory issues 3rd Qtr 2011 $156,750 $52,250 $209,000
Permitting and environmental analysis 4th Qtr 2011 $139,500 $46,500 $186,000
SEE ATTACHED DETAILED BACKUP
TOTALS $637,500 $212,500 $850,000
Budget Categories:
Direct Labor & Benefits $ $ $
Travel & Per Diem $ $ $
Equipment $ $ $
Materials & Supplies $ $ $
Contractual Services $637,500 $212,500 $850,000
Construction Services $ $ $
Other $ $ $
TOTALS $ $ $
Applications should include a separate worksheet for each project phase (Reconnaissance, Feasibility, Design and Permitting, and Construction)-
Add additional pages as needed