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Renewable Energy Fund Round 3
Project Cost/Benefit Worksheet
RFA AEA10-015 Application Cost Worksheet Page 1 10-7-09
Please note that some fields might not be applicable for all technologies or all project
phases. The level of information detail varies according to phase requirements.
1. Renewable Energy Source
The Applicant should demonstrate that the renewable energy resource is available on a
sustainable basis.
Annual average resource availability. 100% for transmission line
Unit depends on project type (e.g. windspeed, hydropower output, biomasss fuel)
2. Existing Energy Generation and Usage
a) Basic configuration (if system is part of the Railbelt1 grid, leave this section blank)
i. Number of generators/boilers/other 4
ii. Rated capacity of generators/boilers/other 23,000 kW
iii. Generator/boilers/other type Diesel generators
iv. Age of generators/boilers/other Varies – 1970 through 1998
v. Efficiency of generators/boilers/other Approximately 14.5 kWh per gallon of diesel fuel
b) Annual O&M cost (if system is part of the Railbelt grid, leave this section blank)
i. Annual O&M cost for labor $30,000
ii. Annual O&M cost for non-labor $30,000
c) Annual electricity production and fuel usage (fill in as applicable) (if system is part of the
Railbelt grid, leave this section blank)
i. Electricity [kWh] 164,800,000 (2007 actual for KPU)
ii. Fuel usage
Diesel [gal] 180,000 (estimated for 2007 for KPU diesel generation)
Other
iii. Peak Load NA
iv. Average Load 18,800 kW (2007 actual for KPU)
v. Minimum Load NA
vi. Efficiency NA
vii. Future trends Significant increases with local conversions to electric space heat
d) Annual heating fuel usage (fill in as applicable)
i. Diesel [gal or MMBtu] Unknown
ii. Electricity [kWh] Unknown
iii. Propane [gal or MMBtu] Unknown
iv. Coal [tons or MMBtu] Unknown
v. Wood [cords, green tons, dry tons] Unknown
vi. Other Unknown
1 The Railbelt grid connects all customers of Chugach Electric Association, Homer Electric Association, Golden Valley Electric
Association, the City of Seward Electric Department, Matanuska Electric Association and Anchorage Municipal Light and Power.
Renewable Energy Fund Round 3
Project Cost/Benefit Worksheet
RFA AEA10-015 Application Cost Worksheet Page 2 10-7-09
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]
None for transmission line
b) Proposed Annual electricity or heat production (fill in as applicable)
i. Electricity [kWh] None for transmission line
ii. Heat [MMBtu]
c) Proposed Annual fuel Usage (fill in as applicable)
i. Propane [gal or MMBtu] None
ii. Coal [tons or MMBtu] None
iii. Wood [cords, green tons, dry tons] None
iv. Other None
4. Project Cost
a) Total capital cost of new system $7,652,000
b) Development cost $7,652,000
c) Annual O&M cost of new system $60,000
d) Annual fuel cost None
5. Project Benefits
a) Amount of fuel displaced for
i. Electricity 600,000 gallons per year
ii. Heat
iii. Transportation
b) Price of displaced fuel $1,510,000 at current fuel prices
c) Other economic benefits $130,000 per year (incremental diesel O&M savings)
d) Amount of Alaska public benefits $1,640,000 per year
6. Power Purchase/Sales Price
a) Price for power purchase/sale Assumed 8.5 cents/kWh (price to be negotiated later)
7. Project Analysis
a) Basic Economic Analysis
Project benefit/cost ratio 2.0
Payback 8.5 years