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RFA AEA 09-004 Application Cost Worksheet revised 9/26/08 Page 1
Application Cost Worksheet
Please note that some fields might not be applicable for all technologies or all project
phases. 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. 20 year supply of wood waste for fuel
Unit depends on project type (e.g. windspeed, hydropower output, biomasss fuel)
2. Existing Energy Generation
a) Basic configuration (if system is part of the Railbelt1 grid, leave this section blank)
i. Number of generators/boilers/other 1 generator in City of Kake
ii. Rated capacity of generators/boilers/other 1000 kw installed
iii. Generator/boilers/other type
iv. Age of generators/boilers/other To be provided
v. Efficiency of generators/boilers/other To be provided
b) Annual O&M cost (if system is part of the Railbelt grid, leave this section blank)
i. Annual O&M cost for labor No incremental O&M since using existing power resources
ii. Annual O&M cost for non-labor No incremental O&M since using existing power resources
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] 2,959,157 kw
ii. Fuel usage
Diesel [gal] 250,000 gallons
Other
iii. Peak Load 496 kw
iv. Average Load 421 kw
v. Minimum Load 352 kw
vi. Efficiency
vii. Future trends
d) Annual heating fuel usage (fill in as applicable)
i. Diesel [gal or MMBtu] 40,000 gallons
ii. Electricity [kWh]
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
RFA AEA 09-004 Application Cost Worksheet revised 9/26/08 Page 2
iii. Propane [gal or MMBtu]
iv. Coal [tons or MMBtu]
v. Wood [cords, green tons, dry tons]
vi. Other
3. Proposed System Design
a) Installed capacity 500 kw
b) Annual renewable electricity generation
i. Diesel [gal or MMBtu] Back up only during minimum load periods
ii. Electricity [kWh] 500 kw
iii. Propane [gal or MMBtu]
iv. Coal [tons or MMBtu]
v. Wood [cords, green tons, dry tons] 25 tons/day
vi. Other
4. Project Cost
a) Total capital cost of new system $3.05MM + cost of heating tech To Be Determined
b) Development cost $660,000 for Project Management and Finance
Advisory Services
c) Annual O&M cost of new system No incremental cost
d) Annual fuel cost $28/ton X 25 tons/day X 365 days = $255,500
5. Project Benefits
a) Amount of fuel displaced for
i. Electricity 250,000 gallons
ii. Heat 480,000 gallons
iii. Transportation
b) Price of displaced fuel $650,000 for electricity; $3,288,000 for heating at
$6.85 as of 10/20/08
c) Other economic benefits
d) Amount of Alaska public benefits No PCE subsidy necessary. Savings of $934,725
Renewable Energy Fund
RFA AEA 09-004 Application Cost Worksheet revised 9/26/08 Page 3
6. Power Purchase/Sales Price
a) Price for power purchase/sale $.30/kwH for electricity; $3 per million BTU for heat
7. Project Analysis
a) Basic Economic Analysis
Project benefit/cost ratio Total project cost $5MM/Annual cost savings $3.94MM
Payback 15 months