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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
Annual average resource availability. 22.5 mm BTU/hour
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 None
ii. Rated capacity of generators/boilers/other N/A
iii. Generator/boilers/other type N/A
iv. Age of generators/boilers/other N/A
v. Efficiency of generators/boilers/other N/A
b) Annual O&M cost (if system is part of the Railbelt grid, leave this section blank)
i. Annual O&M cost for labor
ii. Annual O&M cost for non-labor
c) Annual electricity production and fuel usage (fill in as applicable) (if system is part of the
Railbelt grid, leave this section blank)
i. Electricity [kWh] N/A
ii. Fuel usage
Diesel [gal]
Other
iii. Peak Load N/A
iv. Average Load N/A
v. Minimum Load N/A
vi. Efficiency N/A
vii. Future trends N/A
d) Annual heating fuel usage (fill in as applicable)
i. Diesel [gal or MMBtu] N/A
ii. Electricity [kWh] N/A
iii. Propane [gal or MMBtu] N/A
iv. Coal [tons or MMBtu] N/A
v. Wood [cords, green tons, dry tons] N/A
vi. Other N/A
3. Proposed System Design Capacity and Fuel Usage
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
(Include any projections for continued use of non-renewable fuels)
a) Proposed renewable capacity
(Wind, Hydro, Biomass, other)
[kWh or MMBtu/hr]
45 million pounds of cold storage capacity and 630 kw of
electricity.
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 Recoverable waste heat estimated to be 22,5 mm
BTU/hour
4. Project Cost
a) Total capital cost of new system $36,000,000
b) Development cost none
c) Annual O&M cost of new system $224,000 to $400,000 per year
d) Annual fuel cost none
5. Project Benefits
a) Amount of fuel displaced for
i. Electricity 374,928 gallons per year
ii. Heat 0
iii. Transportation 0
b) Price of displaced fuel $3.50 per gallon= $1,312,428.oo
c) Other economic benefits $10,250,000
d) Amount of Alaska public benefits $15,562,428
6. Power Purchase/Sales Price
a) Price for power purchase/sale $16.34 per kw/hour
7. Project Analysis
a) Basic Economic Analysis
Project benefit/cost ratio $730 million per $25 million in capital costs = 20.1 to l rate
Payback 5 years