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Renewable Energy Fund
Round 3
Project Cost/Benefit
Worksheet
RFA AEA10-015 Application Cost Worksheet Page 1 10-7-09
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: Glacier Fork Hydroelectric Project
The Applicant should demonstrate that the renewable energy resource is available on a
sustainable basis.
Estimated annual average resource
availability.
330,000 MWh/year for average water year
Unit depends on project type (e.g. windspeed, hydropower output, biomass 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 N/A – on railbelt
ii. Rated capacity of
generators/boilers/other
N/A – on railbelt
iii. Generator/boilers/other type N/A – on railbelt
iv. Age of generators/boilers/other N/A – on railbelt
v. Efficiency of generators/boilers/other N/A – on railbelt
b) Annual O&M cost (if system is part of the Railbelt grid, leave this section blank)
i. Annual O&M cost for labor N/A – on railbelt
ii. Annual O&M cost for non-
labor
N/A – on railbelt
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] N/A – on railbelt
ii. Fuel usage
Diesel
[gal]
N/A – on railbelt
NG/Hydro Other N/A – on railbelt
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 3
Project Cost/Benefit
Worksheet
RFA AEA10-015 Application Cost Worksheet Page 2 10-7-09
iii. Peak Load N/A – on railbelt
iv. Average Load N/A – on railbelt
v. Minimum Load N/A – on railbelt
vi. Efficiency N/A – on railbelt
vii. Future trends N/A – on railbelt
d) Annual heating fuel usage (fill in as applicable)
i. Diesel [gal or MMBtu] N/A – on railbelt
ii. Electricity [kWh] N/A – on railbelt
iii. Propane [gal or MMBtu] N/A – on railbelt
iv. Coal [tons or MMBtu] N/A – on railbelt
v. Wood [cords, green tons, dry
tons]
N/A – on railbelt
vi. Other N/A – on railbelt
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)
[kWh or MMBtu/hr]
75 MW of installed capacity
est. 330,000,000 kWh of ann. energy (average water
year)
52% est. capacity factor
b) Proposed Annual electricity or heat production (fill in as applicable)
i. Electricity [kWh] 330,000,000 kWh/year
ii. Heat [MMBtu] -
c) Proposed Annual fuel Usage (fill in as applicable)
i. Propane [gal or MMBtu] N/A
ii. Coal [tons or MMBtu] N/A
iii. Wood [cords, green tons, dry
tons]
N/A
iv. Other N/A
4. Project Cost
a) Total capital cost of new system $260 – 400 million (400 million used)
Renewable Energy Fund
Round 3
Project Cost/Benefit
Worksheet
RFA AEA10-015 Application Cost Worksheet Page 3 10-7-09
b) Development cost $ 5 million
c) Annual O&M cost of new system $ 5 million
d) Annual fuel cost Zero
5. Project Benefits
a) Amount of fuel displaced for
i. Electricity 2.8 BCF of Natural Gas per year
ii. Heat N/A
iii. Transportation N/A
b) Price of displaced fuel $25,400,000 per year (at $9.00 per MCF)
c) Other economic benefits $ 14,800,000 per year
d) Amount of Alaska public
benefits
$0 in quantifiable economic terms
6. Power Purchase/Sales Price
a) Price for power purchase/sale $0.081/kWh
7. Project Analysis
a) Basic Economic Analysis
Project benefit/cost ratio 1,032,000,000 / 400,000,000 = 2.58
Payback 400,000,000 / 40,200,000 = 10.0 years