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HomeMy WebLinkAboutAkutan Geothermal AppRenewal Energy Fund Grant Application AEA-10-015 City of Akutan Grant Application Akutan Geothermal Development Project Renewable Energy Fund Grant Application Round 3 AEA10-015 Grant Application Page 2 of 97 10/7/2009 SECTION 1 – APPLICANT INFORMATION Name (Name of utility, IPP, or government entity submitting proposal) City of Akutan Type of Entity: Municipal Government – Second Class City Mailing Address 3830 C Street, Suite 205 Anchorage, Alaska 99503 Physical Address 100 Windy Way, Akutan, Alaska 99553 Telephone 907.274.7565 Fax 907.274.1813 Email jbereskin@gci.net and akutanadmin@gci.net 1.1 APPLICANT POINT OF CONTACT Name Joseph Bereskin Title Mayor Mailing Address 3830 C Street Suite 205 Anchorage Alaska 99503 Telephone 907.274.7565 Fax 907.274.1813 Email jbereskin@gci.net and akutanadmin@gci.net 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 x 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 3 AEA10-015 Grant Application Page 3 of 97 10/7/2009 SECTION 2 – PROJECT SUMMARY This is intended to be no more than a 1-2 page overview of your project. SECTION 2 – PROJECT SUMMARY This is intended to be no more than a 1-2 page overview of your project. Project Background The City of Akutan is pursuing the development of a known geothermal resource located in Hot Springs Bay Valley, on Akutan Island. In 2008, the City submitted Alaska Renewable Energy Fund, Round 2 application #246 for the “Hot Springs Bay Valley Geothermal Reconnaissance”. AEA recommended funding of the grant request of $2,595,000, and the Legislature appropriated full funding for the following tasks/milestones:  Prospecting: $485,000  Exploratory Drilling: $1,750,000  Well Testing: $200,000  Preliminary Feasibility Study: $125,000  Economic Assessment: $35,000 Total Request: $2,595,000 Table 1: AEA Recommended/Legislature Appropriated Funding Grant #246 Execution of an AEA grant agreement for the project is anticipated to occur in November 2009. The City is now seeking additional funding for the test well drilling phase of the project, expected to commence in June 2010. City Funded Project Startup Knowing that Round 2 grant funds would not be available for project startup until late 2009, and to avoid a delay of the 2009 fieldwork schedule, the City began self -funding project startup in the fall of 2008. The City’s Program Manager, RMA Consulting Group (RMA), was tasked with identifying a project manager and project team capable of designing and implementing the reconnaissance effort described in the Round 2 grant. Dr. Amanda Kolker (AK Geothermal) was engaged by the City as geothermal development Project Manager for the Hot Springs Bay Valley project. Dr. Pete Stelling was subsequently engaged as Assistant Geologist for the project. This allowed the project team (City, RMA, AK Geothermal) to plan and conduct the prospecting program described in the Round 2 grant, and to begin the feasibility study and economic assessment tasks defined in the grant. During this startup period, September 2008 – June 2009, the City contributed an estimated $85,000 to the project. Renewable Energy Fund Grant Application Round 3 AEA10-015 Grant Application Page 4 of 97 10/7/2009 Substantial Progress Through the City’s commitment to the project, the project team was able to take full advantage of the 2009 field season and effectively complete the following tasks: 1. Soil and soil gas geochemical survey and geologic reconnaissance (AK Geothermal, Stelling, ThermoChem) 2. Remote Sensing study using thermal infrared (TIR) data from satellite imagery (University of Alaska Geophysical Institute, Anupma Prakash, Principal Investigator) 3. Deep geophysical surveys using magneto-telluric testing (WesternGeco - Slumberger, Stelling) 4. Data synthesis and conceptual model – preliminary only (AK Geothermal, Stelling, Cumming, Benoit) A variety of non-field related tasks were also completed or are currently in progress: 1. The City applied for and received Power Project Fund Loan #40901109 in the amount of $797,481, to provide working capital for the project, pending Round 2 grant execution. (City of Akutan, RMA, AK Geothermal) 2. Negotiated and executed exploration and development agreements with Akutan Corporation and The Aleut Corporation (RMA, City of Akutan) 3. Negotiated and executed Memorandum of Understanding with Trident Seafoods Corporation (RMA, City of Akutan) 4. Instituted permit processing for test drilling through State of Alaska Coastal Program Questionnaire and project review – ongoing (RMA) 5. Added Dr. William Cumming and Mr. Dick Benoit to the project technical team to support data analysis/synthesis, conceptual model building, and test drilling (City of Akutan) 6. Prepared geothermal project Economic and Stakeholder Assessment preliminary draft (Information Insights, RMA) As of this writing, expenses billable to the PPF loan total approximately $485,000. It is anticipated that loan expenditures will be reimbursed to the City from the Round 2 grant. Renewable Energy Fund Grant Application Round 3 AEA10-015 Grant Application Page 5 of 97 10/7/2009 Current Status Fortunately, the City’s approach to immediate project startup produced maximum results for the field investigation conducted throughout the 2009 field season. Unfortunately, the final results of data synthesis and conceptual model development are not yet available for the Round 3 grant application. However, the preliminary assessment is sufficient to support continuation of exploration and test well drilling for the project. Significant findings are presented in detail in appendix G, and are summarized here: 1. Strong chemical anomalies in both soil and soil gas composition indicative of a thermal anomaly present below the upper portion of Hot Springs Bay Valley (HSBV), another above the saddle and the central portion of HSBV, and a third, smaller, anomaly near the mouth of HSBV. 2. Persistent surface thermal anomalies present in the upper portion of HSBV. These anomalies overlap the chemical anomalies discussed above. 3. Geophysical surveys highlight the presence of a deep (>3,000 ft) highly resistive region, which may indicate a substantial thermal source below the upper portion of HSBV and the ridge to the northeast of the fumaroles. 4. Geophysical surveys further show a shallow (near surface) highly conductive layer, suggesting clay alteration resulting from hydrothermal activity. 5. Geophysical surveys also show a pattern consistent with the vertical and lateral migration of water between the proposed heat source and the surface where the hot springs are observed. This suggests an encouraging level of permeability in the region. The City’s Round 3 funding request is based on the above-listed findings and a unanimous consensus of the technical team that test well drilling is warranted. Continuation of the Project AEA recommended full funding for the “Hot Springs Bay Valley Geothermal Reconnaissance” Round 2 grant, which included $1,750,000 for test well drilling and $200,000 for well testing. These funds have been appropriated by the Legislature and are expected to be available for the project. However, technical surveys and preliminary data analysis have provided new information regarding the location, number and depth of test wells. This naturally impacts the project budget. Consequently, the City is requesting Round 3 grant funds in the amount of $2,870,000 to allow for completion of test well drilling, well testing, well monitoring and related activities during the 2010 field season (June – October). This will raise the state’s investment in the project to $5,429,000. Renewable Energy Fund Grant Application Round 3 AEA10-015 Grant Application Page 6 of 97 10/7/2009 Approval of the City’s Round 3 funding request will allow the test drilling phase of the project to proceed, while the City pursues additional funding opportunities and identifies development partners. The data collection activitie s that were carried out in 2009 and are proposed for 2010 will minimize the risk to potential investors and, therefore, increase the likelihood of private investment. Based on the completed feasibility report and business plan, and the results of test drilling, the City hopes to acquire private funding for the production drilling and development phase of the project. Summary The City has confirmed its commitment to the project financially and through continued efforts to create a development partnership and identify private equity funding. Moreover, the City has demonstrated its willingness and capacity to manage the project on behalf of the land owners and the “consortium” of stakeholders, while, at the same time, meeting or exceeding the tasks and commitments of the Round 2 grant. It should also be noted that the City is concurrently involved in the development of airport, harbor and road projects totaling more than $120 million dollars, which speaks to the capacity to plan, manage and implement large capital improvement projects. The city and all major stakeholders in the project believe that additional state funding for the project is warranted for reasons of local, regional and statewide benefit and public purpose. 2.1 Project Title – (Provide a 4 to 5 word title for your project) Type in your answer here and follow same format for rest of the application. Akutan Geothermal Development Project 2.2 Project Location – Include the physical location of your project and name(s) of the community or communiti es that will benefit from your project. Answer here. The project is located on Akutan Island in the eastern Aleutian chain, approximately 790 miles southwest of Anchorage and 40 miles north of Unalaska/Dutch Harbor. The communities on Akutan Island include the City of Akutan and the Native Village of Akutan, both of which will directly benefit from the power and heat generated by the project. Power and district heat will also be supplied to Trident Seafood’s Akutan Shore Plant, a major industrial activity located on the island. Renewable Energy Fund Grant Application Round 3 AEA10-015 Grant Application Page 7 of 97 10/7/2009 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) Reconnaissance Design and Permitting X Feasibility Construction and Commissioning X Conceptual Design 2.4 PROJECT DESCRIPTION Provide a brief one paragraph description of your proposed project. This project is the continuation of the Hot Springs Bay Valley Geothermal Reconnaissance Project, previously funded under Alaska Energy Authority (AEA) Renewable Energy Grant Fund application #246. A surface investigation, detailed analysis of geological data, an economic analysis and project permitting are being completed under the existing grant authorization. The purpose of this request for funding is to provide the supplemental funds necessary for test well drilling during the 2010 field season (June – October). A heliportable coring drill rig will be employed to drill four (4) slimholes, three at 1500 feet in depth and one at 3,500 feet. A baseline comprehensive well testing program will be conducted shortly after well completion, followed by long-term well monitoring. The project will result in confirmation of the geothermal resource sufficient for final design and permitti ng as described in the Phase III requirements listed in Section 2.5 of RFA AEA 10-015. 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.) There are three primary benefits to this project that support the use of Renewable Energy Fund grant funds for continued exploration of the Akutan geothermal resource: 1. The project will provide a sustainable resource that eliminates diesel fuel dependence and reduces the cost of energy by as much as 67 percent. Renewable Energy Fund Grant Application Round 3 AEA10-015 Grant Application Page 8 of 97 10/7/2009 2. The project provides low-cost energy and heat needed to promote economic stability and local/regional economic expansion. 3. The project will serve to eliminate more than 50,000 tons of annual carbon emissions. There are a significant number of indirect benefits for the project, which are discussed in detail in Section 5 of this application. 2.6 PROJECT BUDGET OVERVIEW Briefly discuss the amount of funds needed, the anticipated sources of funds, and the n ature and source of other contributions to the project. The Alaska Legislature appropriated $2,595,000 for the project pursuant to Alaska Renewable Energy Fund, Round 2 application #246. The budget breakdown for the approved grant is as follows:  Prospecting: $485,000  Exploratory drilling: $1,750,000  Well Testing: $200.000  Preliminary Feasibility Study: $125,000  Economic Assessment: $35,000 Total Budget $2,595,000 Table 2: Funds Appropriated for Round 2 Grant In anticipation of executing a Round 2 grant agreement for the project, the City applied for and received a State of Alaska Power Project Fund (PPF) Loan under AS 42.45.010. The $797,481 loan allowed the city to proceed with the Prospecting, Preliminary Feasibility Study and Economic Assessment tasks described in the City’s Round 2 grant. It is anticipated that funds expended under the PPF loan will be reimbursed through the Round 2 grant, leaving an estimated $1,700,000 for the 2010 test well drilling program. A budget analysis is provid ed in Tables 3 and 4, below: Task/Activity Round II Energy Fund Grant Budget Allocation Expensed/ Committed as of 10/31/2009 Remaining Funds 10/31/2009 Prospecting $485,000 $485,000 -0- Exploratory Drilling 1,750,000 -0- 1,750,000 Well Testing 200,000 -0- 200,000 Preliminary Feasibility Study 125,000 -0- 125,000 Economic Assessment 35,000 17,500 17,500 Total $2,595,000 $502,500 $2,092,500 Table 3: Akutan Geothermal Development Project Round 2 Energy Fund Grant Expenses to Date and Funds Remaining Renewable Energy Fund Grant Application Round 3 AEA10-015 Grant Application Page 9 of 97 10/7/2009 Task/Activity Round 2 Energy Grant Funds Remaining as of 10/31/2009 Estimated Expenditures 11/1/2009 – 6/30/1020 Estimate of Funds Remaining on 6/30/2010 Prospecting -0- -0- -0- Exploratory Drilling 1,750,000 250,000* 1,500,000 Well Testing 200,000 -0- 200,000 Preliminary Feasibility Study 125,000 125,000 -0- Economic Assessment 17,500 17,500 -0- Total: $2,092,500 $392,500 $1,700,000 *Final permitting, pad layout, site preparation, camp setup, procurement Table 4: Akutan Geothermal Development Project Round 2 Energy Fund Grant Expenses to Date and Funds Remaining Results from 2009 prospecting work suggest that the cost of a thorough exploratory drilling program will be well in excess of the original proposed budget of $1.75 million. This is due to three factors; 1) 2009 data indicates that at least 4 exploratory wells should be drilled, three to depths of 1500 ft., and one well drilled to 3500 ft. or deeper; 2) All drilling activities will need to be supported by helicopter, thus ramping up projec t costs; 3) A thorough exploratory drilling program must include well testing and reservoir evaluation activities that will take place during and after the exploratory drilling phase, which were not included in the previous grant application. Assuming the availability of Round 2 funds as described above, the City is requesting Round 3 funding in the amount of $2,870,000. 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. $2,870,000 2.7.2 Other Funds to be provided (Project match) $250,000 2.7.3 Total Grant Costs (sum of 2.7.1 and 2.7.2) $3,120,000 Renewable Energy Fund Grant Application Round 3 AEA10-015 Grant Application Page 10 of 97 10/7/2009 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) $45,000,000 2.7.5 Estimated Direct Financial Benefit (Savings) $* 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.) $* *As indicated throughout this application, the work necessary to determine costs and benefits will be performed under the City’s Round 2 grant. Sections 4.2.2 and 4.2.3 below, provide very preliminary demand data for power and heat utilization. This work is continuing, a part of the project feasibility study, economic assessment and business plan milestones of the Round 2 grant. Final results and conclusions regarding cost - benefit will be available in early 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 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. Type in your answer here and follow same format for rest of the application. Dr. Amanda Kolker has been managing the Akutan Geothermal Development Project since the fall of 2008. Her services are provided under a contract between the City of Akutan and Ms. Kolker’s consulting company, AK Geothermal. Ms. Kolker is a highly qualified and well-known geothermal geologist who has studied and surveyed geothermal resources in Alaska, and who contributed to the development of the State’s Renewable Energy Atlas and Assessment. A résumé for Ms. Kolker is provided in Section 9A of this application. Under Ms. Kolker’s guidance, the City has also created a technical advisory and support team which includes:  Dr. Peter Stelling  Dr. William Cumming  Mr. Dick Benoit Complete résumés are provided in Section 9A of this application. Renewable Energy Fund Grant Application Round 3 AEA10-015 Grant Application Page 11 of 97 10/7/2009 This highly qualified panel will support the completion of prospecting activities, including interpretation of geochemical and geologic reconnaissance data, review and interpretation of magneto-telluric (MT) deep geophysical survey data, and data synthesis and conceptual model development. Ms. Kolker and her technical support team will be available throughout the project period described in Section 3.2, below. 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.) The schedule for this phase of the project is separated into three sections: activities to be conducted in preparation for drilling, the actual drilling, and post-drilling testing and monitoring. The drilling process is inherently complicated and can be less predictable than organizing contracts, which is reflected in the schedule presented below. Project Phase Milestones/Tasks Schedule Preparation Stage Prepare Helicopter RFP 15 December 2009 Prepare Drilling RFP 15 December 2009 Award helicopter Contract 15 January 2010 Award Drilling Contract 15 January 2010 Initiate Transportation of Drilling equipment, etc. 1 April 2010 Begin Camp Preparation 1 May 2010 Drilling Stage Initiate drilling 1 June 2010 Complete drilling 30 October 2010 Testing and Monitoring Stage Initiate Well Testing 1 November 2010 Complete Well Testing 30 November 2010 Initiate Long-Term Monitoring 1 November 2010 Complete Monitoring 1 August 2010 Table 5: Project Schedule This schedule is highly dependent on the availability of funds from a variety of sources, including the Round 2 grant, the PPF loan and additional contributions from the City of Akutan. In addition, the City is continuing efforts to obtain additional grant funds and to examine cost sharing opportunities (see Section 4.4.1, below). It is recognized that the Round 3 grant finds will not be available prior to 1 July 2010. Therefore, any of actions/activities listed in the above project schedule will be subject to appropriation. Renewable Energy Fund Grant Application Round 3 AEA10-015 Grant Application Page 12 of 97 10/7/2009 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.) There are seven milestones identified for this phase of the Akutan Geothermal Project. These are reflected in the Budget Worksheet, presented in Appendix C of this application and further defined below: 1. Project scoping and contractor solicitation – This is a continuation of tasks and activities being accomplished under the Round 2 grant. Analysis of data and conceptual modeling of the geothermal resource will provide the information needed to design the test well drilling program for 2010. The project presents a long logistical lead time that requires a significant amount of backward planning to meet field operation schedules. This includes the preparation of a detailed work breakdown, schedule and budget sufficient for procurement of required services, materials and equipment. The procurement cycle will be initiated in December 2009; however, final solicitation cannot occur until appropriation of the funds requested in this application. 2. Detailed energy resource analysis (exploratory drilling) – This is the bulk of the work to be performed under this funding request. Work duri ng Milestone 1 will identify and procure the resources necessary for a June – October drilling program on Akutan Island. Procurement must be completed by May 2010, subject to appropriation of funds and the 1 July 2011 effective date of the grant. Services, materials and equipment will be procured for helicopter and barge transportation, drilling camp operations, wellside services and supplies, and well testing and monitoring. 3. Conceptual design analysis and cost estimate (access road and site analysis for production drilling) – The results of test well drilling will indicate the site(s) required for drilling of production and reinjection wells. The project design for production drilling will identify pad sites and road access requirements. This information will be used for a conceptual design analysis and cost estimates for road and site construction. 4. Permitting and environmental analysis (access road and site analysis for production drilling) – Permitting will be initiated for the road access and development site(s) required for the production phase of the project. 5. Detailed economic and financial analysis (post-drilling feasibility report) – This milestone requires an update of the feasibility reports to be completed under the Round II grant. The work will incorporate the technical results of test well drilling in a revised economic analysis. The Renewable Energy Fund Grant Application Round 3 AEA10-015 Grant Application Page 13 of 97 10/7/2009 report should address the economic and financial factors effecting the continuation of the project. 6. Conceptual business and operations plans (post-drilling business plan) – This milestone requires an update of the preliminary business plan to be completed under the Round II grant. The plan should identify the funding and business requirements for continuation of the project. 7. Final report and recommendations – This report will summarize the results of the test well drilling and well monitoring phase of the project and provide conclusions and recommendations regarding project development and continuation of the project to the production drilling phase. 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. The City of Akutan has limited staff resources for the management of large infrastructure projects and programs such as renewable energy development. Therefore, the City has engaged the services of RMA Consulting Group (RMA) as its Program Management team. RMA has been working with the City since mid-2008 to support a variety of infrastructure projects, including a regional airport, small boat harbor, harbor access road, hydroelectric generation and electrical distribution, as well as the Akutan Geothermal Development Project. These projects have a combined projected cost of development in excess of $160 million. The City’s planning and management of these projects has provided the team with the development experience and capacity needed to manage and administer the Akutan Geoth ermal Development Project. The RMA Program Management team has provided Dr. Kolker and the technical support team with the resources and project support needed for completing the prospecting and technical analysis tasks of the project. RMA assists the te am with the development of detailed scoping documents, project plans, schedules and specifications necessary for issuing bids and requests for proposal. RMA also supports the procurement process, including proposal review, assistance with contractor selection and preparation of contract documents, and acts as the owner’s representative and contract manager to ensure effective performance of all contractors and consultants. Mr. Raymond Mann, President and Senior Consultant of RMA, is the City’s Program Manager. He is assisted by Mr. Robert Kirkman, Vice President of Technical Support, who is responsible for permitting and procurement support. Mr. Mann and the RMA Program Management team will be available to support the Akutan Geothermal Renewable Energy Fund Grant Application Round 3 AEA10-015 Grant Application Page 14 of 97 10/7/2009 Development Project throughout the project period described in Section 3.2 of this application. Résumés for key personnel are provided in Section 9A of this application. In compliance with the City of Akutan purchasing code, the City has procured services for the Akutan Geothermal Development Project through Professional Services Agreements and other service contracts approved by the Akutan City Council. All funds expended on the project are appropriated by City Ordinance as approved by the City Council. Approved contracts for the Reconnaissance Phase (Round 2) are: AK Geothermal: Amanda Kolker, Project Manager RMA Consulting Group: Ray Mann, Program Manager Stelco Magma Consultants: Pete Stelling, Assistant Geologist Cumming Geoscience: William Cumming, Technical Advisor Sustainable Solutions: Dick Benoit, Technical Advisor These contracts will be extended to provide for performance of the work described in Section 4 of this application. Résumés are provided in Section 9A. A team organization chart is provided, below: Services, equipment and supplies required for work to be performed under the Round 3 grant will be procured consistent with the requirements of Section 26 and Appendix B of the Standard Alaska Energy Authority Grant Agreement which is included with Requests for Grant Applications AEA 10-015, dated 7 October 2009. The grant budget proposal included with this application includes funds to procure the following:  Drilling services, including labor, equipment and materials.  Specialized tools and equipment, including tool and equipment maintenance.  Transportation services, including freight, helicopter and barge services. City of Akutan Ray Mann Program Manager Amanda Kolker Project Manager Robert Kirkman Permitting and Technical Support Professional Services Contractors Subject Matter Experts Technical Team Technical Contractors Subject Matter Experts Pete Stelling William Cumming Dick Benoit Renewable Energy Fund Grant Application Round 3 AEA10-015 Grant Application Page 15 of 97 10/7/2009  Production/data recording equipment, including pumps and gauges.  Well testing services, including labor, software, instrumentation and equipment. Specific requirements are: Personnel Personnel on site during the drilling of test wells will vary depending on need but will likely include a geologist, drill crew of 10-15 people, cook, paramedic, and a helicopter pilot. Personnel directly associated with test well drilling will be contracted through the drilling vendor. Additional key personnel to be on site during the drilling operation include Dr. Pete Stelling, Dr. Amanda Kolker, and Dick Benoit (see Appendix A – Resumes). Drilling requires a mixture of skilled and unskilled labor. As in past phases of this project we will require vendors to hire at least some of their unskilled labor from the City of Akutan labor pool. Drilling Drilling vendors will be determined through an RFP process. Because a subcontractor has not yet been identified, a preliminary budget and drilling plan was determined following discussions with potential subcontractors including ThermaSource and CH2MHILL. The RFP process will be initiated immediately following notice of this award. Selection criteria for drilling vendors will be based primarily on overall cost, availability of appropriate equipment, experience and record of success of the applicant. Helicopter Helicopter equipment and services will be contracted through an RFP process as well, which will begin immediately after notice of this award. Helicopter models likely to be available are a Bell 206, Bell 407 or A -Star 350 through Era Helicopters, Maritime Helicopters, Egli Air Haul or similar vendors. Important selection criteria for the review process include Alaska (specifically Aleutian) experience, hourly rate, fuel consumption, cost of downtime, ferry cost, and the availability of suitable aircraft. Camp logistics In preliminary studies of the Akutan geothermal field, the remote camp was coordinated and established by Taiga Ventures of Fairbanks, Alaska and we anticipate continuing this relationship in the test well phase. Taiga will be able to provide all the n ecessary tents, heating, cooking equipment and personnel, fresh and waste water treatment/filtration and miscellaneous camp supplies for the duration of the project. Trident Seafoods has been and will continue to be an important partner in this project. As part of the City’s Memorandum of Understanding with Trident Seafoods we anticipate in-kind logistical support including use of their dock facilities to offload drilling equipment and supplies and stage our airlift operation of materials out to the dril l site. Ancillary services, equipment and commodities to support the project will be procured on an as needed basis through City purchase orders or other means consistent with the grant requirements referenced above. Renewable Energy Fund Grant Application Round 3 AEA10-015 Grant Application Page 16 of 97 10/7/2009 3.5 Project Communications Discuss how you plan to monitor the project and keep the Authority informed of the status. In anticipation of negotiating a grant agreement for the City’s Round 2 approved application #246, the geothermal development project team has maintained regular communications with the AEA grant management team and geothermal technologies manager. This communication has been bolstered through the Power Project Fund loan process which required a direct interface among AIEDA, AEA and City team members and the direct flow of technical and financial information. Both Dr. Kolker and Mr. Mann confer with their AEA counterparts and have provided ongoing status reviews and project briefings. The City also worked closely with AEA on the development of a Memorandum of Understanding with Trident Seafoods Corporation to comply with a special provision of the City’s Round 2 grant. These efforts will continue throughout the project period described in this application, along with a structured approach to project reporting and financial review. The City conducts a weekly Program Management review meeting for all projects. Participants include the Mayor, City Administrator, City staff, Program Manager and Project Manager. A list of priorities and action items is maintained, to in clude unresolved issues. This approach allows the entire city project team to monitor project deliverables, milestones, financial control and contractor performance, and helps to create a detailed record of actions taken. These meetings will be held thro ughout the course of the project and the results will be made available to the AEA grant manager, as requested. The City project team employs a full range of electronic reporting systems to include financial, administrative and technical databases, timecard tracking and payroll, project management and communications networks. The City is very familiar with the budget expense and reimbursement requirements for AEA and other grants, and will fully comply with the reporting and reimbursement requirements set forth in Appendices D and E of the AEA standard grant agreement, which is included with Requests for Grant Applications AEA 10-015, dated 7 October 2009. In addition to the reporting and communication efforts described above, we highly recommend that the AEA grant manager for this project and/or other appropriate officials visit the project site during the active drilling period. This will serve to enhance individual and collective knowledge about the project, provide a unique view of field conditions and present an opportunity to view the community and potential power applications. Renewable Energy Fund Grant Application Round 3 AEA10-015 Grant Application Page 17 of 97 10/7/2009 3.6 Project Risk Discuss potential problems and how you would address them. The remoteness and harsh climate of Akutan Island make the location a challenging place to conduct drilling activities. Little infrastructure exists on the island, and the geothermal area is roadless, posing problems for transportation and access. Our solution to these access issues is to use heli-portable drill rigs and establish fly camps onsite for the duration of the drilling. This has substantially increased anticipated drilling costs, and is one of the primary reasons for the project’s additional funding needs. Geothermal exploration, development, and operations are subject to uncertainties which are similar to those typically associated with oil and gas exploration and development. The risks include project site control, permits/regulatory approvals, environmental aspects and mitigations, and cultural and archaeological mitigations. Other risks are associated with financing, construction, and project completion. Financing is highly dependent on power purchase agreements and a so-called “bankable” geothermal reservoir report. Project completion will require long-term commitment of public and private partners and stakeholders. The City project team has taken a variety of steps to address both the general and specific risks to the project. These include:  Completed an extensive and thorough investigation of the resource as described in the Report on Preliminary Results from 2009 Resource Evaluation, including a geochemical survey and geologic reconnaissance, a remote sensing study, and a magneto-telluric deep geophysical survey (Appendix G).  Engaged a number of geothermal technical and industry experts to conceptualize and locate sites for test well drilling.  Continued cooperative efforts with Akutan Corporation, Akutan Tribal Council and The Aleut Corporation with regard to joint development and funding options.  Executed a memorandum of Understanding with Trident Seafoods Corporation for cooperation on project development and future negotiation of a power purchase agreement (Appendix D).  Began efforts to identify potential development partners and equity investors to participate in the project and assume long-term operations management. The City believes the above-listed efforts, combined with the strong management and technical team resources already in place have substantially mitigated the inherent risks of geothermal exploration. However, our team is uniquely aware of the need to remain pro-active in identifying potential problems and implementing an effective risk management plan. In addition, all prime contractors and sub -contractors selected for drilling and well testing operations and support services will be required to establish a risk mitigation/risk management plan. Renewable Energy Fund Grant Application Round 3 AEA10-015 Grant Application Page 18 of 97 10/7/2009 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. Akutan’s geothermal system is considered one of the most promising high -temperature sites in Alaska for geothermal resource development (Motyka et al., 1993). Several thermal springs and fumaroles are located ~6 km (4 mi) from Akutan village (see Fig ure 1). A state- funded exploration program, carried out at the Akutan geothermal area in the early 1980s, concluded that an extensive hydrothermal reservoir is likely present at shallow crustal depths beneath Akutan volcano, extending east towards Hot Springs Bay Valley. Chemical geothermometry on Akutan hot springs fluids predicts reservoir temperatures of up to 211°C. Renewable Energy Fund Grant Application Round 3 AEA10-015 Grant Application Page 19 of 97 10/7/2009 More recent seismic and geodetic studies have delineated a large -scale rifting structure on the island. Synthesizing the results from the 1988 geothermal stu dy with this new geologic understanding of Akutan’s magmatic plumbing system and observations from a recent geologic reconnaissance of the island, has led to a new conceptualization of the Akutan hydrothermal system. All of these factors suggest that Akut an’s geothermal resource is likely to be high-grade and capable of providing far more energy than will probably be needed by users. In spring and summer 2009, the City of Akutan executed and managed an extensive series of surveys in the Hot Springs Bay Valley area, including geochemical, thermal infrared and a geothermal prospecting program. Field investigations included two stages of geochemical (soil and soil gas) sampling, thermal infrared remote sensing, and a magento - telluric geophysical survey (see Appendix G). Although we are continuing to compile and interpret the data gathered during these surveys, preliminary results indicate a substantial geothermal resource present below Hot Springs Bay Valley. In addition to power generation, geothermal development can address a variety of other energy needs. The use of geothermal fluids for space heating will further reduce diesel City of Akutan Map 1: Project Proximity to Akutan Renewable Energy Fund Grant Application Round 3 AEA10-015 Grant Application Page 20 of 97 10/7/2009 fuel consumption and the cost of energy for village residents. The Akutan Geothermal Development Project is envisioned as a combined heat-and-power project. Dr. Kolker (2008) found that if cost-benefit analyses of geothermal vs. diesel generation projects in rural Alaska included direct use of the geothermal fluids, the outcome was substantially more favorable towards geothermal development. This is because heating fuel costs are even higher than the costs of fue l for power generation. Other applications include cold storage for fish processing, and greenhouse agriculture. 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. There are three primary components of the energy system at Akutan:  Diesel produced energy for power and heating of the village and public facilities.  Diesel produced energy for power and heating of the Trident Seafoods’ Akutan Shore Plant  Hydroelectric power to augment power production for the village and public facilities. Diesel and hydroelectric power for the village and public facilities is provided by Akutan Electric Utility. Space heating for individual homes, businesses and public facilities is provided by each owner through on-site delivery of diesel heating fuel. Trident Seafoods provides its own power and heat using diesel fuel, heating fuel and some fish oil. The Trident system also includes power generation heat recovery. There is no distribution or power sharing connection between the City and Trident. The power generation system operated by Akutan Electric Utility is configured as follows: A. Diesel Plant Facility Akutan Electric Utility Inc. operates a diesel power generating facility which can provide electricity to the entire community. The power plant is located at the west end of the City. It houses two diesel generators: 70 kW Caterpillar engine, 150 kW Perkins engine and associated switchgear. The switchgear includes a Direct Logic 205 PLC and equipment for a third generator. The 205 PLC was set up for an I/O interface with the hydro plant via radio communications, although no communication link has been installed. Renewable Energy Fund Grant Application Round 3 AEA10-015 Grant Application Page 21 of 97 10/7/2009 B. Hydroelectric Facility The City also operates a hydroelectric powerhouse at the east end of the city. It is a stand-alone generation facility consisting of a self-contained 175 kVA (105 kW peak capacity) Canyon Industries hydro generator, backed by a 125 kW Perkins diesel generator in the same module. The facility features a 4 - inch plastic penstock, which provides water to a Pelton wheel turbine from a reservoir 800 feet above the powerhouse. The hydro plant has a PLC based control system that allows for the hydro generator to be paralleled with the diesel. The controls also provide remote monitoring and control of the powerhouse. The main control workstation is located in the Akutan City Hall. These two facilities have a total power generation capacity as shown in Table 6, below. Power Plant Generator Capacity Main Plant Caterpillar 70 kw Main Plant Perkins 150 kw Hydroelectric Plant Canyon Industries 105 kw Hydroelectric Plant Perkins 125 kw TOTAL: 450 kw Table 6: Akutan Electric Utility Power Generation Capacity There are two power-related projects currently underway in Akutan that effect the energy system. A field survey and conceptual design for the hydroelectric system (“Town creek”) is being funded by AEA Renewable Energy Grant #240. The purpose of this work is to design a repair and upgrade for the hydroelectric system that will optimize the production of hydro produced power and reduce the consumption of diesel fuel. AEA is also managing a Denali Commission funded distribution system upgrade. This project will include replacement or upgrade of the existing system to improve distribution and long - term safety and efficiency. 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. As detailed in Section 4.2, above, with the exception of intermittent power provided by the Town Creek hydroelectric plant, both the City and Trident are entirely dependent on diesel fuel for power and heating. Table 7 summarizes fuel utilization for 2008. Renewable Energy Fund Grant Application Round 3 AEA10-015 Grant Application Page 22 of 97 10/7/2009 Fuel Usage Gallons Per Year Estimated Annual Cost City of Akutan Power 45,000 $179,925 City of Akutan Heat 37,500* $157,500 Trident Power 2,495,172 $7,610,375 Trident Heat 2,063,064 $6,292,425 Total: 4,640,736 $14,240,225 *Assumes 750 gallons per household Table 7: Fuel Utilization 2008 As a combined power and heat system, the Akutan Geothermal Development Project will eliminate diesel fuel dependence for the City, its residents and Trident. In addition, more than 50,000 tons of carbon emissions from existing and planned facilities will be eliminated. Other anticipated impacts include:  Power and heat to support the Akutan small boat harbor (to be constructed in 2010-11), and resulting fishing fleet activities.  Power and heat to support the Akutan airport marine link system facilities (to be constructed 2011-12) on Akutan Island.  Power and heat to support economic and business activity, including greenhouse agriculture, industrial applications such as the production of ice, and recreation/tourism.  Stimulation of regional and local economic development and jobs creation.  Expansion of Bering Sea fishery activities, including Trident Seafoods. Without the renewable energy resource available from the Akutan Geothermal Development project, all of the above activities must be supported by additional diesel power generation, adding to the already high cost of diesel dependence, and contributing to an expanded carbon emissions footprint . 4.2.3 Existing Energy Market Discuss existing energy use and its market. Discuss impacts your project may have on energy customers. In the small community of Akutan there are two distinct energy users and energy producers; the City of Akutan and the Trident Seafoods processing plant. Despite the fact that these two entities exist very close to each other on Akutan Island, they have completely separate energy systems. Trident operates as an industrial enclave, producing all of the energy it needs for its operations. The City has a local utility that serves local residents and businesses (with the exception of Trident). The local utility does not have the capacity to meet Trident’s energy needs so there has been little reason to engage the processor in conversations about purchasing energy before now. Renewable Energy Fund Grant Application Round 3 AEA10-015 Grant Application Page 23 of 97 10/7/2009 The City of Akutan burns an estimated 45,000 gallons of diesel per year generating electricity. At an average cost of $4.00 per gallon, the utility spends as much as $180,000 per year for fuel. The cost to residential users is offset by Power Cost Equalization (PCE) funds and a city subsidy so the majority of potential savings from geothermal development would accrue to the State of Alaska through a reduction in the PCE subsidy, the City, and to local businesses that are not eligible for PCE. The City of Akutan generates electricity at a rate of $0.32 per kWh. Sales Revenue Class Customers Revenue Residential 37 $70,441 Commercial 17 $67,775 Community Facilities 12 $41,709 Total: $179,925 Table 8: Sales Revenue, 2008 Trident Seafoods uses considerably more electricity, burning an estimated 2.5 million gallons per year to meet the plants’ electric energy needs. Total estimated cost for fuel associated with electricity generation is roughly $7.6 million per year. At $3.05 per gallon of fuel, we estimate Trident is effectively paying $0.21 per kWh for electricity. Gallons Per Year $/kWh (Estimated for Trident) Estimated Total Costs Trident Plant (Electric) 2,495,172 0.21 $7,610,373 Akutan (Electric) 45,000 0.32 $179,925 Total: 2,540,172 $7,790,298 * Based on FY08 PCE report for Akutan and assumes an average 13 kWh per gallon Table 9: Fuel Use - Electricity Generation Cost estimates are always a snapshot; the cost of fuel is a moving target. The last few years have seen wild variation in price in relative ly short periods of time. The costs associated with fuel presented in the table above are based on EIA 2009 base case with cost increments associated with refining, barging from Seattle to Akutan, and carbon tax on refining, going into the future. This model produces fuel prices of between $3.05 and $4.00 for electric generation depending on the buyer. Space heating is the other significant piece of the energy equation in Akutan. The City of Akutan uses around 37,500 gallons of fuel for space heat per year . At an estimated cost of $4.20 per gallon. The average homeowner pays a little over $3,000 per year to heat their home. The community as a whole spends approximately $157,000 per year on space heating at today’s rates Renewable Energy Fund Grant Application Round 3 AEA10-015 Grant Application Page 24 of 97 10/7/2009 The Trident plant consumes 2.1 million gallons of fuel per year for heat energy at an estimated cost of $6.3 million dollars. Fuel use is based on conversations with Trident personnel. Cost estimates are produced through review of Trident’s energy production inventory and independent analysis. Gallons Per Year Cost Per Gallon Estimated Total Costs Trident Plant (Heat) 2,063,064 3.05 $6.292,426 Akutan (Heat) 37,500* 4.20 $157,501 Total 2,100,564 $6,449,927 *Assumes an average 750 gallons of heating fuel per residential household Table 10: Fuel Use – Heat Generation The tables below estimate the value of energy required on Akutan Island in 2012 and the net present value of energy consumed between 2012 and 2030. Total net present value of energy in Akutan is more than $200 million, with just over half of that value consumed in electric energy. $/Year Electric ($/Year) Heat ($/Year) Akutan $3,12,580 $155,079 $157,501 Trident $13,902,798 $7,610,373 $6,292,426 Total $14,215,379 $7,765,452 $6,449,927 Table 11: Annual Cost of Energy in Akutan – 2012 $ Electric ($) Heat ($) Akutan $4,520,313 $2,263,948 $2,256,364 Trident $207,749,254 $113,721,659 $94,027,595 Total $212,269,566 $115,984,608 $96,283,959 Note: assumes a 5% discount rate Table 12: NPV Akutan Energy Market - 2012 To 2030 Estimates of the value of the local energy market assume a modest increase in the price of diesel as well as a future and increasing cost associated with carbon emissions. We assume no population growth or contraction in the community. Likewise we a ssume a steady rate of activity at the Trident plant Renewable Energy Fund Grant Application Round 3 AEA10-015 Grant Application Page 25 of 97 10/7/2009 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. This project is subject to Consistency Evaluation and Certification under the Alaska Coastal Management Program (ACMP). A Coastal Project Questionnaire (CPQ) was completed in August 2009 and filed with the State of Alaska, Department of Natural Resources, Division of Coastal and Ocean Management. The CPQ process will identify federal, state and local permitting requirements for the project, and provide coordination of permitting by identified agencies. It is anticipated that all necessary permits for the project will be approved and in hand by first quarter, 2010. A copy of the Coastal Project Questionnaire and Certification Statement is attached to this application. Site preparation, including pad layout and camp setup, may begin as early as spring 2010. 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 Akutan Geothermal Development Project is envisioned as a combined heat -and- power project. Geothermal heating will provide substantial cost savings for both the City of Akutan and Trident Seafoods. Because the Akutan geothermal project is viewed as a multi-component system, with electricity generation not necessarily prioritized over other applications, there is no one clear approach to development. Hence, we present three project development scenarios presently under consideration. The proposed power generation system would have an installed capacity of approximately 10 MW, based on the current understanding of the resource and projected load. The precise power generation technology must be customized for the temperature, pressure, and chemical composition of the geothermal fluid encountered, and hence cannot be specified at this time (that is, prior to obtaining results from well testing). The power plant will either utilize “flash” or “binary” technology, with binary technology being slightly more likely. Most modern geothermal power plants are binary - cycle plants. Flash steam plants use water at temperatures greater than 360°F (182°C) that is pumped under high pressure to the generation equipment at the surface. Binary cycle geothermal power generation plants do not use the geothermal fluid directly but rather utilize a secondary fluid with a lower boiling point than water (the geothermal fluid is passed through a heat exchanger, causing the secondary fluid to flash to vapor, which then drives the turbines). Whatever the technology, the Akutan geothermal project will use standard power generation equipment purchased from a vendor that will be identified by RFP. In general, the capacity fac tor for geothermal power systems is often quite large – up to 96% – but again, this cannot be estimated until the exploratory drilling Renewable Energy Fund Grant Application Round 3 AEA10-015 Grant Application Page 26 of 97 10/7/2009 is complete. All development scenarios involve reinjection of fluids back into the geothermal reservoir to ensure the renewability of the energy supply. Most likely, piping will be installed to run spent thermal fluids back from the village for reinjection into the geothermal reservoir. Alternatively, cold creek water or even seawater could be used as a reinjection fluid if the system allows (that is, if the available amount of heat and the rate of heat transfer is sufficient to recharge the system on the same time scale as production). The heat sink for the power plant would be an infiltration gallery utilizing cold water f rom nearby creek(s). System design scenario 1. Scenario 1 represents a conventional, ‘cascaded-use’ approach to geothermal development at Akutan. In this scenario, fluids pumped to the surface via production wells are first utilized onsite for power production. Spent fluids from the power plant are then piped to the village for direct use, and piped back to the ‘reservoir’ area for reinjection (Fig. 1). Alternatively, cold creek water or seawater could be used as a reinjection fluid, if this is found to be technically feasible. Figure 1. System design for geothermal development at Akutan, Scenario 1. While Scenario 1 is conventional, it is very capital intensive. Its feasibility will depend entirely on where the geothermal ‘reservoir’ is located. If exploration drilling suggests that production wells must be located some significant distance from the village, this scenario will present substantial technical and economic challenges. Additionally, this scenario requires a large degree of coordination between the different projects and stakeholders. This could preclude the desired multi-component-project approach. This approach also necessitates the building of an onsite power plant before any other project components can be considered, which prioritizes power generation over other equally important project components. System design scenario 2. Scenario 2 represents a somewhat unconventional approach to geothermal development. In this scenario, production fluids are immediately piped to the village for direct use and power production. Spent fluids are then piped back to the ‘reservoir’ area for reinjection. Alternatively, cold creek water or seawater could be used as a reinjection Renewable Energy Fund Grant Application Round 3 AEA10-015 Grant Application Page 27 of 97 10/7/2009 fluid if this is found to be technically feasible (Fig. 2). Figure 2. System design for geothermal development at Akutan, Scenario 2. This scenario is unconventional because there would inevitably be some heat loss from piping fluids to the village; because corrosion and/or scaling of pipes could be problematic; and other reasons. However, in the case of Akutan, these drawbacks may be outweighed by the benefits of having the entire system located in the village. Such benefits include better management of the entire system, better coordination among components and stakeholders, and most importantly, the development can be broken into pieces. While all the project components depend on production wells and piping to the village, they do not depend on one another. Once the wells and piping system are in place, each project component can be developed separately by different stakeholders through different funding sources, in staged development and with discrete business plans. This scenario is most conducive to a multitude of industrial applications, such as refrigeration (for cold storage of fish and/or processing), the production of alternative fuels, and other applications. System design scenario 3. Scenario 3 represents a simpler approach to geothermal development at Akutan. In this scenario, production fluids are simply used onsite for power production, and piped back to the ‘reservoir’ area for reinjection. The only direct use application of geothermal fluids in this scenario is onsite greenhouses, and perhaps resort development. Figure 3. System design for geothermal development at Akutan, Scenario 3. This scenario is clearly simpler than the other two; however the multitude of direct use benefits would be sacrificed. Other, more marginal opportunities, such as the production of alternative fuels, would be complicated but not necessarily impossible in this scenario. Renewable Energy Fund Grant Application Round 3 AEA10-015 Grant Application Page 28 of 97 10/7/2009 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. As identified in the City’s existing Round 2 Grant, surface rights to the geothermal resource exploration site are owned by Akutan Village Corporation, including access to the site, rights of way for ancillary facilities and transmission lines. Land required for the project within City boundaries is owned by the City of Akutan. Subsurface rights are owned by The Aleut Corporation. The City has executed Exploration and Development agreements with both Native Corporation land owners. These agreements provide for the exclusive rights of the City of Akutan to access, explore and develop the geothermal resources of Hot Springs Bay Valley. The City has prepared an annexation request that will expand the area of the City by 133 square miles, to include all lands necessary for t he geothermal development project. The application has been reviewed by staff of the State of Alaska Local Boundary Commission and a formal submission of the request is expected in early 2010. In addition to having control and development rights granted by the land owners, the City is continuing discussions with Akutan Corporation and The Aleut Corporation to establish a geothermal development consortium. Details of this effort are provided in Section 4.4.5 Business Plan, of this application. 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 The City has filed a draft Coastal Project Questionnaire and Certification Statement (CP) with the Alaska Department of Natural resources (DNR), Project Review Office. A pre - application meeting with all concerned agencies was conducted by DNR in October 2009. At this writing, the City is preparing the following permit applications:  Temporary Water Permit – DNR, Division of Mining, Land and Water  Geothermal Permit to Drill – DNR, Division of Oil and Gas The schedule for acquiring necessary permits for test well drilling is as shown below:  Submit CPQ Draft Application September 2009  Pre-Application Meeting October 2009  Submit Permit Applications November 2009  Statutory Review Process December 2009  Permits Issued (not later than) March 2010 Renewable Energy Fund Grant Application Round 3 AEA10-015 Grant Application Page 29 of 97 10/7/2009 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 Through extensive field observations during the reconnaissance phase of the project, and communication with federal, State and local agencies as part of the CPQ permitting process, the project team has determined:  There are no threatened or endangered species that will be impacted by the development of the geothermal test wells.  The area identified for the placement of the test wells is currently uninhabited. It includes the upper Hot Springs Bay Valley area and a saddle adjoining the upper end of the valley above Akutan Bay. Access to the site is planned via portable drill rigs transported by helicopter. The area consists of remote terrain covered by mixed grass alpine tundra, heath meadows, and barrens.  There are no known archaeological or historical resources which will be affected by the test well drilling.  Less than one acre of surface land area will be disturbed by t he test well drilling process. There is no land development planned during the test drilling operations.  There is no known impact or interference to telecommunications.  There are no aviation considerations required for this project other than helicopter access to the project site. Helicopter support will be provided from Dutch Harbor.  There will be no impact on regional visual aesthetics. 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. Renewable Energy Fund Grant Application Round 3 AEA10-015 Grant Application Page 30 of 97 10/7/2009 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 will occur in four phases, which include prospecting, exploratory well drilling, production well drilling, and construction of the power generating facility. We have completed the initial exploratory phase, at a cost of $485,000. Exploratory well drilling, including well testing well monitoring and related activities, will cost an estimated $4.8 million. The costs of the remaining phases of the project are less precise, as geologic variables may greatly affect the expense of production well drilling and the cost of the power generating facility. Industry guidelines suggest that each production and injection well could cost $2 million or more, and we may need to drill as many as four of these wells. Construction of the power generating facility is loosely estimated to cost $15 -$25 million, again based on industry standard estimates. With transmission costs and other variables, we estimate that the Hot Springs Bay Valley Geothermal Project will requi re $45 million to bring to completion. We are requesting funds to support the drilling, testing and monitoring of test wells in Hot Springs Bay Valley. As mentioned above, we estimate the cost of this phase to be $4.8 million. We have already secured grant funding from AEA for $1.75 million of this amount. Additionally, the City of Akutan has agreed to pay matching funds equal to ~10% of the awarded amount. Hence, the total requested funds for this grant application is $2.87 million. The high cost of exploratory drilling can potentially be offset in several ways: One way is to share drilling mobilization/demobilization costs among two or more projects; for example between Makushin and Akutan. This potential may exist in summer 2010, if Unalaska proceeds with its proposed drilling of the Makushin resource. The City is exploring this and other opportunities for cost sharing. a. Drilling equipment and support are available from a variety of federal agencies, including BLM, USGS, BIA and others. AEA is coordinating with BLM/USGS for the potential use of their resources for Alaska projects. The City has been talking with BIA for the same purpose. The City will continue to explore this option. b. AEA is proposing to establish a drilling program that could be made available to selected geothermal resource projects. This program could be in concert with BLM/USGS or a State funded effort. Renewable Energy Fund Grant Application Round 3 AEA10-015 Grant Application Page 31 of 97 10/7/2009 c. Renewable energy project funds are available through federal agencies such as DOE. It is likely this funding will be increased o ver the next several years and may become available to projects like Hot Springs Bay Valley. Although timing is an issue when requesting this type of funding, the City intends to pursue this option. d. The City is exploring the potential for establishing a joint development agreement or other business relationship with a qualified development company capable of providing technical, professional, financial and operational support for the development of the Hot Springs Bay Valley geothermal project. The City has brief contact with GeothermEx, Richmond, California; Ormat Technology, Reno, Nevada; Magma Energy Corporation, Vancouver, B.C., Canada; US Geothermal, Boise, Idaho; and LandGas Technology, Chicago, Illinois. The City will continue to examine this option as a potential source of funding for field exploration and drilling. Although it is impractical at this time to determine any exact amount of offset or contribution these options will provide for test well drilling, the City believes this is a very likely source of matching funds and in-kind support for 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.) An industry standard rate for estimating operational and maintenance costs is $0.03/kWh. Given the remote location of the facility and the difficulty in delivering replacement equipment and personnel, we have increased this estimate to $0.08/kWh. Given the average electrical demand on Akutan of 4.3 MW, and assuming 8,000 working hours annually (~30 days downtime), this calculates to ~$3.0M annual O&M cost. These expenses will be covered by the cost of the electricity to the users. Assuming a cost of $0.12/kWh (37% of the current cost of electricity on Akutan), the net revenue gen erated (after O&M) is ~$1.5M annually. 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 The City’s Round 2 grant provides for the preparation of the studies necessary to determine the location and characterization of the resource, conceptual system design, Renewable Energy Fund Grant Application Round 3 AEA10-015 Grant Application Page 32 of 97 10/7/2009 energy market assessment and a detailed estimate of overall project cost. The following deliverables are currently in progress:  Preliminary Feasibility study  Economic Assessment  Preliminary Business Plan In meetings with AEA staff, it was agreed that the above-referenced work should include development of a geothermal power economic model to assist in the determination of energy pricing. This is particularly important since the Akutan Geothermal Development Project is a combined heat and power project and very little data exists for establishing cost-benefit. In addition, the analysis must account for financial variables, including grants, third-party financing/equity investment, loans/bonds, government incentives, tax credits, carbon credits and renewable energy credits. To better determine the true cost of power for the project, the City will proceed with developing an appropriate economic model and will work closely with AEA during the process. The Preliminary Feasibility Study and Economic Assessment tasks of the Round 2 gra nt are addressing the cost of power issue, and some preliminary results are provided in Sections 4.2.2 and 4.2.3 of this application. In addition, the City and AEA recognize the importance of Trident Seafoods to the project. This was reinforced by the Sp ecial Provision attached to the Round 2 grant requiring that “Trident enter into an agreement that states its intent to participate in the reconnaissance project and make use of energy produced by development of the geothermal resources”. The City and Tri dent executed the agreement (see Appendix D), which was reviewed by AEA and found to be in compliance with the special Provision. The City is continuing to work with Trident, as well as other potential power and heat users to address the issue of power pu rchase and sale. The results of these efforts will be reflected in the city’s business plan to be delivered in early 2010. See Section 6, below. 4.4.4 Project Cost Worksheet Complete the cost worksheet form which provides summary information that will be considered in evaluating the project. Download the form, complete it, and submit it as an attachment. Document any conditions or sources your numbers are based on here. The Project Cost Worksheet is provided in Appendix B. The data reflects only the City’s costs. Detailed cost information for Trident Seafoods is not yet available. As noted in Section 2.6, Cost and Benefit Summary, data to support a cost -benefit analysis and other information needed to complete the Cost Worksheet is presently being developed under the Round 2 grant. Results of this effort will be available in early 2010. Renewable Energy Fund Grant Application Round 3 AEA10-015 Grant Application Page 33 of 97 10/7/2009 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 Akutan Geothermal Development Project provides substantial public and financial benefit for : a. Achieving national and state goals for the development of renewable energy resources. b. Developing State and regional strategies for remotely located renewable energy resources particularly the Aleutian Arc of geothermal resources. c. Eliminate the local dependence on diesel fuel for power and heating – currently 4.6 million gallons annually - and the associated carbon emissions of 50,000 tons per year. d. Substantially reduce the cost of power and eliminate State power cost equalization (PCE) and City of Akutan subsidies. e. Support local and regional economic expansion related to the Bering Sea fishery; resource development, including oil and gas; energy dependent industries, including agriculture; and tourism. f. Provide a sustainable energy resource that eliminates the uncertainties of rising fuel costs and a corresponding rise in the cost of goods and services. The sustainable nature of the project not only protects community and tribal values, but helps to maintain an important tax base of the City, Aleutians East Borough and the State of Alaska through the collection of a raw fish tax. It is important to note that the Akutan Geothermal Development Project is based on a multi-component model that would provide power and heat for a variety of purposes, including economic expansion, jobs creation, enhanced tax revenues, and the promotion of new industries, such as greenhouse agriculture and alternative fuel development. When viewed in this way, as opposed to a single purpose power project, the potential Renewable Energy Fund Grant Application Round 3 AEA10-015 Grant Application Page 34 of 97 10/7/2009 long-term benefits of this project certainly warrant the investment of State funds to determine the location, size and viability of the resource through test well drilling. Finally, the Akutan Geothermal Development Project provides the added benefits of a public-private partnership. The geothermal resource is located on private land owned by the Akutan Village Corporation and Aleut Regional Native Corporation. The City of Akutan has executed exploration and development agreements with both owners. It is anticipated that these agreements will evolve into a consortium approach to resource development and future funding. In addition, the City intends to seek private equity investment and development funding for the project, particularly beyond production well drilling. Creating a development partnership with private investors will both enhance an d protect the State’s investment in the project. However, this future funding is highly dependent on the test well drilling and resource confirmation tasks identified in this funding request. 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 City of Akutan is committed to the development of this project as a sustainable resource of the community, the region, and the State of Alaska, as discussed in Section 5, above. This will require a public-private partnership, where the City, State and federal governments should invest in identifying and capturing the resource, and private sector partners should build, operate and maintain a “geothermal utility”. This makes additional renewable energy grant funding requested in this application extremely important. It also means that the City must continue to invest in the project through matching funds, loan commitments, in-kind support, and targeted requests for federal funding. As a minimum, these efforts and resources must be combined to produce the estimated $5.7 million needed to explore, characterize and identify the resource. At the same time, the City’s business model addresses the need for private sector participation. The following opportunities are actively being pursued by the City:  Participation and equity investment by property owners and power/heat users, including the City, Trident Seafoods, Akutan Corporation, Akutan Native Village, and The Aleut Corporation.  Execution of a development agreement with a qualified geothermal Renewable Energy Fund Grant Application Round 3 AEA10-015 Grant Application Page 35 of 97 10/7/2009 development partner for the design, build, operate and maintain elements of the project.  Identification of government and industrial power/heat users to locate at Akutan, including resource extraction, Coast Guard operations, alternative fuel production and recreation/tourism. As indicated in Section 4.4.3, above, the variables of project cost, equity participation, power purchase/sales, and operation and maintenance costs are being evaluated in the economic assessment and economic modeling tasks of the project which will be presented to AEA in early 2010. The evaluation will also examine tax credits, subsidies, carbon trading and other incentives that will benefit the long-term sustainability 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. This application is a request for continuation funding of the project approved in the City’s round 2 grant #246. It is critical that the tasks, milestones and budget allocations of the existing grant be coordinated and consistent with this Round 3 funding request. In that regard, Section 2.4 of this application provides a detailed summary of completed milestones and general progress related to the existing (Round 2) grant. In ad dition, Section 2.6 provides a budget analysis of existing grant expenditures and funds available for 2010 test well drilling. With the completion of the technical feasibility study in early 2010, to include data synthesis from field exploration, and conceptual model development, the City can proceed immediately to the test well drilling phase of the project. In the meantime, the project team is continuing preparation for the 2010 drilling program, to include:  Establishing an ongoing resource evaluation program (see Appendix G).  Consultation with Unalaska’s Makushin project team to pursue cost -sharing for 2010 test drilling.  Establishing industry/supplier contacts for drilling, transportation/helicopter services, camp logistics and other logistical requirements.  Coordination with Trident Seafoods to obtain logistical support for 2010 drilling operations.  Permit processing and regulatory compliance. Initial activities for the test drilling phase can commence as soon as spring 2010. Drilling is anticipated to commence in early summer, 2010, with long-term well monitoring Renewable Energy Fund Grant Application Round 3 AEA10-015 Grant Application Page 36 of 97 10/7/2009 through 2011. 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. There is strong local support for this project. As identified in the City’s Round 2 grant and this Round 3 application, the Akutan Corporation and The Aleut Corporation have executed exploration and development agreements in support of the project. The City feels strongly that these cooperative agreements will evolve into a consortium approach to development as discussed in Section 6, above. This idea is bolstered by a recent resolution of support from the Akutan Traditional Tribal Council regarding Department of Energy grant funding, provided in Appendix D. Trident Seafoods is an integral part of the Akutan Community. Several employees of the company are members of City Council and Aleutians East Borough Assembly. Trident continues to provide logistical support for the geothermal project in the form of transportation, shipping and docking facilities. A letter of support from the Round 2 grant application is provided in Appendix D, along with the City of Akutan – Trident Seafoods Memorandum of Understanding. For further understanding of Trident’s commitment to the geothermal project, representatives of Trident plan to meet with AEA management and staff in early December, 2009. The ongoing economic assessment for the project in cludes an evaluation of stakeholder interest in and support for the project. A series of interviews has been conducted and a town meeting was held in Akutan in September, 2009. Industries and organizations interviewed are:  Stephen Arber, Chief Engineer, Trident Seafoods  Joe Bereskin, Mayor, City of Akutan  Chris Hladick, City Manager, Unalaska  Ted Meyer, Community Development Coordinator, Aleutians East Borough  Amanda Kolker, Geologist and Project Manager, AK Geothermal  Joe Kyle, COO/CFO, APICDA  Dave Lockard, Alaska Energy Authority  Neil McMahon, Alaska Energy Authority’  Peter Crimp, Alaska Energy Authority  Tuna Scanlan, City Administrator, City of Akutan  Eric Waterman, Operations Director, The Aleut Corporation  Zenia Borenin, President, Native Village of Akutan  Jacob Stepetin, Tribal Administrator, Native Village of Akutan  Town Meeting: Community members, City Council members, Tribal members, City staff  Robert Carroll Dose, Texas A&M, Greenhouse Specialist  John Fulton, Assistant City Manager, City of Unalaska  Dan Winters, Director of Public Works, City of Unalaska Renewable Energy Fund Grant Application Round 3 AEA10-015 Grant Application Page 37 of 97 10/7/2009 Although there are differing viewpoints about the feasibility and potential of the project, support is nearly unanimous for continuing to explore and identify Akutan’s geothermal resources in order to determine the viability of the project. Issues and concerns were raised by some residents and leaders regarding the effect of the project on village and community life. However, these did not rise to the level of objection to the project. 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 Provide a narrative summary regarding funding sources and your financial commitment to the project. Total project development cost for the Akutan Geothermal Development Project is estimated at $45 million. However, this estimate cannot be validated, nor a definitive business plan developed, without a comprehensive exploration of the potential geothermal resource, including test well drilling. The City of Akutan self-funded the startup of the project in 2008 and has expended more than $85,000 of City funds and in-kind support to date. In addition, the City executed a PPF loan for nearly $800,000 to allow exploration to proceed during the 2009 field season. Expenditures under the PPF loan total approximately $485,000 to date. Finally, the City has received a $2.595 million Round 2 renewable energy grant from the State of Alaska to support exploration and test well drilling. The project team has estimated the cost of test well drilling, well testing, well mon itoring and related activities to be $5.8 million. The purpose of this funding request is to obtain additional funds needed to conduct the test well drilling program in 2010 (June – October). As detailed in Section 2 of this application, the City is requ esting an additional $2,870,000 of renewable energy grant funds for continuation of the project The Grant Budget Form in Appendix C of this application provides a listing of project milestones, funds requested and the City’s proposed matching funds. Renewable Energy Fund Grant Application Round 3 AEA10-015 Grant Application Page 38 of 97 10/7/2009 SECTION 9 – ADDITIONAL DOCUMENTATION AND CERTIFICATION SUBMIT THE FOLLOWING DOCUMENTS WITH YOUR APPLICATION: A. Resumes of Applicant’s Project Manager, key staff, partners, consultants, and suppliers per application form Section 3.1 and 3.4. B. Cost Worksheet per application form Section 4.4.4. C. Grant Budget Form per application form Section 9. D. Letters demonstrating local support per application form Section 8. E. An electronic version of the entire application on CD per RFA Section 1.6. F. Governing Body Resolution or other formal action taken by the applicant’s governing body or management per RFA Section 1.4 that: - Commits the organization to provide the matching resources for project at the match amounts indicated in the application. - Authorizes the individual who signs the application has the authority to commit the organization to the obligations under the grant. - Provides as point of contact to represent the applicant for purposes of this application. - Certifies the applicant is in compliance with applicable federal, state, and local, laws including existing credit and federal tax obligations. Renewable Energy Fund Grant Application Round 3 AEA10-015 Grant Application Page 39 of 97 10/7/2009 Appendix A: Resumes of Applicant’s Project Manager, key staff, partners, consultants, and suppliers per application form Section 3.1 and 3.4. Renewable Energy Fund Grant Application Round 3 AEA10-015 Grant Application Page 69 of 97 10/7/2009 Appendix B: Cost Worksheet per application form Section 4.4.4. Renewable Energy Fund Round 3 Project Cost/Benefit Worksheet AEA10-015 Grant Application Page 70 of 97 10/7/2009 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. Continuous for estimated 30-year project life. Unit depends on project type (e.g. windspeed, hydropower output, bio-mass 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 1 hydropower; 3 diesel ii. Rated capacity of generators/boilers/other Hydro: 105 kW; Diesel; 70 kW, 125 kW, 150 kW iii. Generator/boilers/other type Hydro Plant: 1 Canon Industries hydro, 1 Perkins Diesel Diesel Plant: 1 Caterpillar diesel, 1 John Deere diesel iv. Age of generators/boilers/other 1 Canyon hydro, 15 years; 2 Perkins diesel, 10 years; 1 John Deere diesel, 2 years. v. Efficiency of generators/boilers/other 70% - 80% b) Annual O&M cost (if system is part of the Railbelt grid, leave this section blank) i. Annual O&M cost for labor FY 08 - $79,697 ii. Annual O&M cost for non-labor FY 08 - $281,118 (including fuel) 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] 692,000 kWh generated; 560,000 kWh sold ii. Fuel usage Diesel [gal] FY 08: 48,000 gallons #2 diesel Other iii. Peak Load 108 kW iv. Average Load 84 kW v. Minimum Load 50 kW vi. Efficiency 14.14 kWh/gallon vii. Future trends Significant 5-10 year growth to support new infrastructure, Trident Seafoods and economic expansion. d) Annual heating fuel usage (fill in as applicable) i. Diesel [gal or MMBtu] 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 AEA10-015 Grant Application Page 71 of 97 10/7/2009 ii. Electricity [kWh] iii. Propane [gal or MMBtu] iv. Coal [tons or MMBtu] v. Wood [cords, green tons, dry tons] vi. Other 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] b) Proposed Annual electricity or heat production (fill in as applicable) i. Electricity [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 b) Development cost $45,000,000 c) Annual O&M cost of new system d) Annual fuel cost 5. Project Benefits a) Amount of fuel displaced for i. Electricity 40,000 gallons #2 diesel ii. Heat iii. Transportation b) Price of displaced fuel FY 08: $3.26/gallon FY 09: $4.00/gallon (estimated) c) Other economic benefits d) Amount of Alaska public benefits $2.5 million estimated reduction of State PCE and City subsidies over 10-year life of project Renewable Energy Fund Round 3 Project Cost/Benefit Worksheet AEA10-015 Grant Application Page 72 of 97 10/7/2009 6. Power Purchase/Sales Price a) Price for power purchase/sale 7. Project Analysis a) Basic Economic Analysis Project benefit/cost ratio Payback AEA10-015 Grant Application Page 73 of 97 10/7/2009 Appendix C: Grant Budget Form per application form Section 9. Renewable Energy Fund Grant Round III Grant Budget Form 10-7-09 AEA10-015 Grant Application Page 74 of 97 10/7/2009 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 (List milestones based on phase and type of project. See Attached Milestone list. ) $ $ $ 1. Project scoping and contractor solicitation $90,000 $20,000 In-kind $110,000 2. Detailed energy resource analysis (exploratory drilling) $2,650,000 $120,000 $2,770,000 3. Conceptual design analysis and cost estimate (access road and site analysis for production drilling) $75,000 $ $75,000 4. Permitting and environmental analysis (access road and site analysis for production drilling) $25,000 $ $25,000 5. Detailed economic and financial analysis (post-drilling feasibility report) $ $65,000 Cash/In-kind $65,000 6. Conceptual business and operations plans (post-drilling business plan) $ $45,000 Cash/In-kind $45,000 7. Final report and recommendations $30,000 $ $30,000 $ $ $ $ $ TOTALS 2,870,000 250,000 $3,120,000 Budget Categories: Direct Labor & Benefits $ $96,000 In-kind $96,000 Travel & Per Diem $ $36,000 Cash $36,000 Equipment $ $30,000 In-kind $30,000 Materials & Supplies $ $6,000 Cash/In-kind $6,000 Contractual Services $2,870,000 $82,000 Cash $2,952,000 Construction Services $ $ $ Other $ $ $ TOTALS $2,870,000 $250,000 $3,120,000 Applications should include a separate worksheet for each project phase (Reconnaissance, Feasibility, Design and Permitting, and Construction)- Add additional pages as needed AEA10-015 Grant Application Page 75 of 97 10/7/2009 Appendix D: Letters demonstrating local support per application form Section 8. AEA10-015 Grant Application Page 76 of 97 10/7/2009 AEA10-015 Grant Application Page 77 of 97 10/7/2009 AEA10-015 Grant Application Page 78 of 97 10/7/2009 AEA10-015 Grant Application Page 79 of 97 10/7/2009 AEA10-015 Grant Application Page 80 of 97 10/7/2009 Appendix E: An electronic version of the entire application on CD per RFA Section 1.6. (Disc provided separately) AEA10-015 Grant Application Page 81 of 97 10/7/2009 Appendix F: Governing Body Resolution or other formal action taken by the applicant’s governing body or management per RFA Section 1.4 AEA10-015 Grant Application Page 82 of 97 10/7/2009 AEA10-015 Grant Application Page 83 of 97 10/7/2009 AEA10-015 Grant Application Page 84 of 97 10/7/2009 Renewable Energy Fund Round 3 Grant Application F. CERTIFICATION The undersigned certifies that this application for a renewable energy grant is truthful and correct, and that the applicant is in compliance with, and will continue to comply with, all federal and state laws including existing credit and federal tax obligations.* Print Name Joe Bereskin Signature Title Mayor, City of Akutan Date 10 November 2009 *The City of Akutan is currently resolving its compliance obligations with the State of Alaska Public Employees Retirement System (PERS) with respect to certain employee enrollment dates and classifications. To the best of my knowledge, the City is in compliance with all other federal and State laws. AEA10-015 Grant Application Page 85 of 97 10/7/2009 Appendix G: Akutan Geothermal Development Project 2009 Resource Evaluation (Preliminary Results) AEA10-015 Grant Application Page 86 of 97 10/7/2009 Report on preliminary results from 2009 resource evaluation, Akutan Geothermal Project Task 2009-1. Soil and soil gas geochemical survey and geologic reconnaissance. In May 2009, soil and vegetation samples were collected from the Akutan geothermal area with a hand trowel from depths up to 6.” Gas samples were collected Akutan geothermal area using a 3 ft. hand probe, tygon tubing, and evacuated metal cylinders. All samples were submitted to ThermoChem, Inc. for analysis. Gas samples were analyzed for CO2, He, Ne, Ar, N2 and CH4. Soil and soil vegetation samples were analyzed for As, B, and Hg. Mercury (Hg) content in soils is probably the most commonly used geothermal resource indicator. Mercury is a highly volatile and mobile element that occurs naturally in rocks in very small concentrations. Geothermal heat volatilizes the Hg in rocks and carries it upward and outward from the geothermal source, usually in association with CO2. Soil arsenic (As) and Boron (B) are two other geothermal resource indicators. As and B are carried by geothermal fluids, not gasses, so are commonly used as a complement to Hg in geothermal exploration studies. Preliminary results fro m the soil geochemistry survey are shown in Fig. 1. Figure 1. Soil geochemistry results (As, B, Hg) for the Akutan area. Units are in mg/kg. AEA10-015 Grant Application Page 87 of 97 10/7/2009 Soil geochemistry surveys for the purpose of locating geothermal resources have many limitations. The unique geophysical properties of Akutan’s subsurface (muskeg conditions, poorly documented subsurface microbial processes, complex but poorly mapped structural features, etc.) pose substantial challenges in streamlining sample collection and in interpretation of soi l geochemical data. Because geothermal volatilizaton of Hg in rocks usually occurs in association with carbon dioxide (CO2), and because CO2 has also been used as a geothermal tracer, we chose to collect soil gases from sample sites on Akutan as well. Helium was also included in this survey due to its well-documented association with geothermal activity, especially magmatic geothermal activity. Preliminary results are shown in Fig. 2. Figure 2. Soil gas geochemistry results (CO2 and He) for the Akutan area. Units are in ppm. Overlaying soil anomalies and soil gas anomalies yields an interesting pattern (Fig 3). This pattern could be interpreted to reflect two parallel NW-SE trending structures, one of which correlates well with a mapped fault. This could imply that large-scale NW-trending structures are controlling fluid upwelling on Akutan. AEA10-015 Grant Application Page 88 of 97 10/7/2009 Figure 3. Maps showing patterns revealed by overlapping geochemistry anomalies (soil and soil gas) for the Akutan area, overlaid on the regional geologic map (Richter et al., 1998). Map also shows pertinent geothermal features. An additional 48 soil and eight soil gas samples were collected in August and September, 2009 to provide a greater sample density in the areas of interest outlined in Fig. 3 (above). We a re anticipating the return of these chemical data in November, 2009. Task 2009-2. Remote sensing study using thermal infrared (TIR) data from satellite imagery. For the Akutan geothermal area we searched the entire archive of Landsat 4, Landsat 5 and Landsat 7 images to find available Landsat imagery. The search resulted in about 190 scenes over the study area. The oldest image was from October 1982 and the most recent image being from June 2009. We went through the quick look of each of the 190 images to identify which ones were potentially cloud-free over the study area. The percent cloud cover given in the image metadata file was not a very useful indicator because some scenes had overall high percent cloud cover but the target area of interest was cloud free. On the other hand some scenes had overall low percent cloud cover, but the patch of cloud was right over the study area (Fig. 4). AEA10-015 Grant Application Page 89 of 97 10/7/2009 Figure 4. Landsat browse image product. (a.) shows an image that has a metadata denoting 65% overall cloud cover and would typically qualify for ‘unacceptable’ in automated filtered search. However the Akutan area is clearly cloud free. (b.) shows an image that that has a metadata denoting 14% cloud cover qualifying for an ‘acceptable’ image. However, the cloud is right on top of target area. Manual check is therefore merited. Based on the visual analysis of the quick look product, we identified 36 potentially acceptable scenes which were amenable to further testing. All the 36 scenes were ordered, downloaded, import ed and visualized. Excluding the winter images that were completely covered with snow, we finally found 10 scenes that were snow free and cloud free over the target area of interest, which was the Akutan geothermal area, the valley east of the Akutan volcano. We first created a spatial subset the entire Landsat scene to extract a smaller scene centered around the Akutan region. We used the same spatial subset on all 10 images. We then extracted a spectral subset from each of the images, pulling out only band/channel 6, which is the thermal infrared channel. The thermal infrared channel on Landsat is a single broad spectral band, spanning a wavelength range of 10.4 to 12.5 m, which is well suited to map thermal anomalies associate with Earth’s land surface temperatures. The spatial resolution of the Thematic Mapper thermal band on Landsat 5 is 120 meters, and that on the Enhanced Thematic Mapper on Landsat 7 is 60 meters. The temperature saturation limit for pixel-integrated temperature for these sensors is about 68 degrees Celsius and the NE T is about 0.2 degrees. Of the 10 selected images, 4 were from the more recent acquisitions of Landsat 7, where the thermal infrared channel shows distinct striping due to sensor malfunctioning (Fig. 5). Though these da tasets are not ideal for processing, they still have some utility in thermal anomaly detection because the missing lines are not always at the same spot during repeat data acquisition over the same area. Therefore, areas that may not be scanned in one pass of the satellite, may get scanned in the consecutive passes. a. b. AEA10-015 Grant Application Page 90 of 97 10/7/2009 Figure 5. Four relatively snow free and cloud free thermal infrared images of the study area acquired recently by Landsat 7 thermal infrared sensor. Distinct striping is a result of sensor malfunctioning causing line drop-outs in the data. The remaining 6 scenes were either from Landsat 5 or from Landsat 7 at the time when the thermal sensor was still functioning well. These scenes are shown in Fig. 6. AEA10-015 Grant Application Page 91 of 97 10/7/2009 Figure 6. Six relatively snow free and cloud free thermal infrared images of the study area acquired by Landsat 5 and 7 thermal infrared sensors. Brighter tones depict warmer surfaces and lighter tones depict relatively cooler surfaces. The edifice of the Akutan volcano is clearly visible a s a bright spot on the middle left of the images. AEA10-015 Grant Application Page 92 of 97 10/7/2009 Figure 6 was helpful to see the regional thermal setting of the area. The hot crater of the Akutan volcano, the land water interface, and the geomorphological controls causing differential solar heating in the area clearly stood out. Hilly areas were particularly affected as the south facing slopes showed up brighter (higher surface temperatures) than the north facing slopes. We then digitized a study area master boundary shape file from information provided by the City of Akutan. Using the extreme extents of this shape file we further subsetted the area to focus only on the area demarcated as the project area by the City of Akutan. Again, the differential heating on north and south facing slopes is clearly seen. The valley area, which is mapped as thermally active and containing several hot springs, showed up on most of these images in a relatively monotonous gray tone, implying minimal visible thermal contrast, either due to the coarse spatial scale of th e satellite image, or due to the surface thermal signature being marred by the alluvial/surficial soil cover and tundra tussock vegetation in the valley area, or due to all the above reasons. At first we carried out a manually controlled classification of the thermal gray scale image dividing the image into discrete temperature classes based on thresholds selected by trial-and-error. This simple processing, also known as density-slicing and color coding, gave reasonable results and a first order interpretation on where to focus for detail analysis (Fig. 7). We then carried out a high pass filtering on the thermal infrared images to enhance the high frequency variations, which reflect areas of sudden changes in temperature values. The filtered product helped to identify the nucleus or the central point of interest for thermal anomaly detection. Figure 7. Density-sliced color-coded Landsat Thermal Infrared Image. Gold, yellow, orange and red denote successively warmer temperatures in the area. Grey tones denote moderate temperatures associated with valley regions. Green and blue tones correlate largely with lower temperatures associated primarily with wet coastal areas and water bodies, respectively. AEA10-015 Grant Application Page 93 of 97 10/7/2009 Using the combined information from the density sliced-color coded image and the filtered image as input, we selected every point that showed a nucleus of high frequency variation, and isolated at least a 900 meter by 900 meter window around it. These small windows were extracted from all 6 thermal images of different dates available the area. The advantage of extracting such localized small windows was that they restricted each subset to a single lithological, geomorphological and topographic class, which was important to exclude any error arising due to either differential heating or emissivity variations amongst adjacent land cover classes. The 900 * 900 meter windows were then stacked (overlaid) and their digital values were summed and averaged. This mathematical operation on the image stacked helped to further enhance the actual thermal anomaly from the background area. Two areas that consistently showed up as anomalous on the six image layer stack are shown in Fig. 8. Incidentally, these two areas have not been reported to have any unusual thermal activity in the past reports, and therefore, make interesting targets for further investigation. These areas are definitely amenable to further field tests, such as field based thermal imaging, transect thermal profiling, point temperature measurements over a longer time at the identified anomaly area and background area, etc. Figure 8. Two areas that consistently showed a warmer surface acquired by Landsat 5 and 7 thermal signature compared to the background on all six thermal images from Landsat are shown in yellow rectangles on this map. AEA10-015 Grant Application Page 94 of 97 10/7/2009 Task 2009-3. Deep geophysical surveys of the upper HSBV. In August and September 2009, a field crew from Western Geosystems, a subsidiary of Slumberger, conducted a deep geophysical survey of the project area using magneto-telluric (MT) techniques. Telluric currents are naturally occurring electrical currents within the earth caused by charged particles in the ionosphere. Variations in local rock type, fluid content, and other subsurface characteristics can alter the recorded magnetic and telluric patterns; interpretation of the telluric and magnetic variations can therefore depict subsurface characteristics. Each MT station consists of two pairs of electrodes arranged at right angles to each other. Approximately 1/3 of the stations included two magnetometers also placed at right angles to each other. These components were attached to a central receiving station that included a GPS, an MT unit that recorded the data and a 12-volt battery. Each station collected data overnight and was moved to a new location the following day. There were always five MT stations running at any given time, and the 51-station survey took eight people three weeks to complete. A map of the station locations is presented in Fig. 9. Figure 9. Map of magneto-telluric (MT) stations deployed during the geophysical survey conducted in August and September, 2009. Triangles represent station locations, red circles indicate the locations of hot springs, and the dark red circle indicates the location of the fumarole area. The two small red circles labeled “Thermal1” and “Thermal2” represent the geographic center of thermal anomalies identified through thermal infra-red remote sensing surveys (task 2009-2). The black lines (A-1 – A-7) indicate vertical profile lines (see below) Magneto-telluric surveys yield 1-D, 2-D and 3-D images of the conductivity (or resistivity) of the subsurface. The figures below show resistivity, with colder colors indicating more resistive (less conductive) rocks. Many factors can affect subsurface resistivity, including rock type, temperature, fluid AEA10-015 Grant Application Page 95 of 97 10/7/2009 content, and the like. Therefore, specific conclusions from MT data require highly trained personnel and drilling is the only way to absolutely know what is present underground. With that caveat, certain features of a geothermal field are expected. Hot rock often has high resistivity (blue in the figures below), and clay commonly has a low resistivity signature (yellows and reds in the figures). A shallow layer of low resistivity often indicates hydrothermal alteration of bedrock into clay. This not only suggests a persistent hot water system, but a shallow clay layer can serve as a “cap” for the geothermal system, trapping hot water below the surface. Figure 10 is a lengthwise cross section of Hot Springs Bay Valley along the northwestern valley wall. This shows a concentrated region of high resistivity (blue) below the upper portion of Hot Springs Bay Valley, with a well-developed low-resistivity layer above and down-valley (green, yellow and red). Although geological structures associated with these signatures are non-unique, these features could represent a concentrated zone of hot rock with a capping clay layer. Additionally, a tongue of high resistivity extends toward the surface below the several of the furthest up -valley hot springs. This could represent a zone of hot water upwelling toward the surface, with a downwelling zone of colder water just downstream of that area. That the proposed zone of upwelling occurs below several hot springs further supports this interpretation. These features can be seen in horizontal slices of the results as well (Figure 11). Figure 10 – Profile A-1 of electrical resistance along the length of Hot Springs Bay Valley (see inset for location). Cool colors represent higher resistivity (higher conductivity), warmer colors represent lower resistivity. The large blue area may represent a heat source, and the green-yellow-red areas may represent clay alteration. AEA10-015 Grant Application Page 96 of 97 10/7/2009 Figure 11. Horizontal slices of the resistivity measurements at Hot Springs Bay Valley area at depths of -100, -500 and -1500 meters below sea level. 100 meters below sea level 1500 meters below sea level 500 meters below sea level AEA10-015 Grant Application Page 97 of 97 10/7/2009 F. CERTIFICATION The undersigned certifies that this application for a renewable energy grant is truthful and correct, and that the applicant is in compliance with, and will continue to comply with, all federal and state laws including existing credit and federal tax obligations. Print Name Signature Title Date