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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. 582,486 kWh. Wind turbines (2) in class 4 area
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 6 generators (Bethel Utilities Corporation)
ii. Rated capacity of generators/boilers/other 2220 kW each
iii. Generator/boilers/other type
iv. Age of generators/boilers/other 18, 20, 25, 34, 34, and 34 years
v. Efficiency of generators/boilers/other
b) Annual O&M cost (if system is part of the Railbelt grid, leave this section blank)
i. Annual O&M cost for labor
ii. Annual O&M cost for non-labor $310,444 for 581,573 kWh usage, utility bills of AVCP RHA
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] 581,573 for the AVCP RHA campus
ii. Fuel usage
Diesel [gal] 14,621 gallons, at the rate of $0.1345 per kWh, at $5.35 per gal.
Other
iii. Peak Load
iv. Average Load
v. Minimum Load
vi. Efficiency
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]
Wind
b) Proposed annual electricity or heat production (fill in as applicable)
i. Electricity [kWh] 582,486 kWh
ii. Heat [MMBtu]
c) Proposed annual fuel usage (fill in as applicable)
i. Propane [gal or MMBtu]
ii. Coal [tons or MMBtu]
iii. Wood [cords, green tons, dry tons]
iv. Other
4. Project Cost
a) Total capital cost of new system $ 2,120,000.00
b) Development cost $ 1,675,000.00
c) Annual O&M cost of new system $ 65,000.00
d) Annual fuel cost
5. Project Benefits
a) Amount of fuel displaced for
i. Electricity 14,621 gallons annually
ii. Heat
iii. Transportation
b) Current price of displaced fuel $ 78,0000.35 at $5.35/gallon
c) Other economic benefits
d) Alaska public benefits $ 21,060.00/yr. for present rental units (48)
6. Power Purchase/Sales Price
a) Price for power purchase/sale TBD
7. Project Analysis
a) Basic Economic Analysis
Project benefit/cost ratio
Payback (years) 18.2 years