HomeMy WebLinkAboutATTACHMENT B, Costworksheet ver 2 _4J_ Renewable Energy Fund
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 – Fourth of July Creek
The Applicant should demonstrate that the renewable energy resource is available on a
sustainable basis.
Annual average resource availability. Plant capacity factor is estimated at 45 to 60%
(see hydrograph, application section 4.1)
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 N/A
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 N/A
ii. Annual O&M cost for non-labor N/A
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] N/A
Other N/A
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
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
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
a) Installed capacity 4,400 kW
b) Annual renewable electricity generation
i. Diesel [gal or MMBtu] -
ii. Electricity [kWh] -
iii. Propane [gal or MMBtu] -
iv. Coal [tons or MMBtu] -
v. Wood [cords, green tons, dry tons] -
vi. Other (hydroelectric) 21,795,108 kWh
4. Project Cost
a) Total capital cost of new system $15,675,000
b) Development cost $393,000
c) Annual O&M cost of new system $200,000 - $300,000
d) Annual fuel cost $0
5. Project Benefits
a) Amount of fuel displaced for
i. Electricity Annual total: 213 MMCF of Cook Inlet Basin natural gas (CEA generation)
plus 6,600 gal diesel fuel (SES generation)
ii. Heat N/A
iii. Transportation N/A
b) Price of displaced fuel $1,515,206
c) Other economic benefits CEA and SES system efficiency, increased capacity in
Seward, Green Tags transferred to AEA for public
benefit.
d) Amount of Alaska public benefits $12,677,660
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 $0.05/kWh (Estimated)
7. Project Analysis
a) Basic Economic Analysis
Project benefit/cost ratio $12,677,660 / $7,837,500 = 1.62
Payback 30 years
NOTE: See Section 4.4.4 of Grant Application for assumptions used to prepare this Cost
Worksheet.