HomeMy WebLinkAboutDE-FOA-003101 - AEA_AML_Transmission Siting Economic Development (TSED) -Concept Paper Submission Packet -Nov 202311/16/23, 3:40 PM Infrastructure eXCHANGE: Submission Details
https://infrastructure-exchange.energy.gov/SubmissionDetailsView.aspx?subId=9cc7b798-071e-47d0-a188-ab94495c4c14 1/2
CONCEPT PAPER DETAILS FOR FOA# DE-FOA-0003101
3101-1534: Advancing Local Community and Economic Development in Alaska (ALCEDA)
Concept Paper Response
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Submission Details
Abstract:This economic development initiative project will provide a range of activities in communities that are impacted by the construction
and operation of the covered transmission project, an offshore subsea transmission cable, of a capacity anticipated to meet or exceed 200
kilo-volts, connecting the southerly Kenai Peninsula to the west side of the Cook Inlet, opposite the Municipality of Anchorage, Alaska. TheAlaska Energy Authority (AEA) will work through the Alaska Municipal League (AML) to provide subawards to local governments to advance
economic and community project development. The benefits of the transmission project extend to a large region of Alaska called the Railbelt,
in which the majority of Alaska’s population resides and where the electrical infrastructure is comprised of assets owned by multiple electric
cooperative utilities that will realize the benefits of the added redundancy owing to the development of the subsea transmission line,including increased Railbelt grid resiliency against disruptive events, increased capacity for conveyance of existing and planned renewable
power, and increased ability for economic power dispatch between the south, central, and northern load centers. The operations of this
covered transmission asset will impact city and borough (county-equivalent) governments in the most populous region of Alaska, while the
proposed project activities are focused on disadvantaged communities therein. AML will establish a subgrant process for municipal
governments and Tribes within the region to access for activities that lead to the improvement of community, workforce, and economicdevelopment. These activities may include affordable and sustainable housing opportunities; co-location of broadband deployment with
planned and or potential infrastructure developments; development of community facilities; and job training and apprenticeship program
development.
Submission Initiated By:
Conner Erickson (cerickson@akenergyauthority.org) on 11/14/2023 4:03:48 PM ET
Submission Submitted By:
Conner Erickson (cerickson@akenergyauthority.org) on 11/16/2023 7:27:17 PM ET
Submission Status:
Submitted - Edits Allowed
Topic:Area of Interest 2 - Economic Development Activities
UEI Number:
F3N8ZSHJXUH8
Lead Organization:
Alaska Energy Authority
Organization Type:
State and/or Local Government
Lead Organization Percent
Effort (1-100):
10 %
Other Organizations
Alaska Municipal League - Non-Profit (65%)
Erin Reinders
One Sealaska Plaza, Suite 302 Juneau, AK 99801
9075861325 | | Fax not listed
Alaska Housing Finance Corporation - State and/or Local Government (5%)
Michael Spencer
4300 Boniface Parkway Anchorage, AK 99504
9073308197 | | Fax not listed
Alaska Broadband Office - State and/or Local Government (2%)
Thomas Lochner
Address not listed
9072694048 | | Fax not listed
Cold Climate Housing Research Center - Non-Profit (5%)
Mindy O'Neall
955 Draanjik Drive Fairbanks, AK 99775
9074573454 | | Fax not listed
Alaska AFL-CIO - Non-Profit (3%)
Joelle Hall
3333 Denali St., Suite. 125 Anchorage, AK 99503
9072586284 | | Fax not listed
University of Alaska Anchorage - Academic (5%)
Teri Cothren
Anchorage, AK 99508
9077861171 | | Fax not listed
Thread Alaska - Non-Profit (5%)
Stephanie Berglund
111 W 16th Avenue, Suite 205 Anchorage, AK 99501
9072653101 | | Fax not listed
Locations of Work: Primary Location*
Address City State Zip Percentage Is Lead Org
One
Sealaska
Plaza,
Suite
302
Juneau AK 99801 65
Other Locations
Address City State Zip Percentage Is Lead Org
11/16/23, 3:40 PM Infrastructure eXCHANGE: Submission Details
https://infrastructure-exchange.energy.gov/SubmissionDetailsView.aspx?subId=9cc7b798-071e-47d0-a188-ab94495c4c14 2/2
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813 W
Northern
Lights
Anchorage AK 99503 10
Anchorage AK 99504 5
Anchorage AK 99501 2
955
Draanjik
Drive
Fairbanks AK 99775 5
333
Denali
Street,
Suite
215
Anchorage AK 99503 3
Anchorage AK 99508 5
111 W
16th
Avenue,
Suite
205
Anchorage AK 99501 5
Total Percentage: 100
Funds and Costs:
Development/Demonstration: $1 million - $10 million
Proposed Period of Performance
(months):
48
Project Lead/Principle Investigator
(PI):
Conner Erickson
813 W Northern Lights Blvd Anchorage, AK 99503
9077713025
Business Point of Contact:
Karen Bell
813 W Northern Lights Blvd Anchorage, AK 99503
9077713000
Interested in sharing application
and contact information with the
LPO:
Yes
Submission Files:
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Submission Initiated By:Conner Erickson (cerickson@akenergyauthority.org) on 11/14/2023 4:03:48 PM ET
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ƐĐŚŽŽůĚŝƐƚƌŝĐƚƐ͖ƚƌĂŶƐƉŽƌƚĂƚŝŽŶĂƐƐĞƚƐƐƵĐŚĂƐƌŽĂĚƐ͕ĂŝƌƉŽƌƚƐ͕ĂŶĚƉŽƌƚƐ͖ĂŶĚƉƵďůŝĐĨĂĐŝůŝƚŝĞƐ
ƚŚĂƚŝŶĐůƵĚĞĐŝƚLJŚĂůůƐ͕ĐŽƵŶĐŝůĐŚĂŵďĞƌƐ͕ĐŽŵŵƵŶŝƚLJĂŶĚƌĞĐƌĞĂƚŝŽŶĐĞŶƚĞƌƐ͕ĂŶĚƉĂƌŬƐ͘
ͻ :ŽďƚƌĂŝŶŝŶŐĂŶĚĂƉƉƌĞŶƚŝĐĞƐŚŝƉƐʹƚŚŝƐƌĞŐŝŽŶĨĞĂƚƵƌĞƐŵĂŶLJŽĨƚŚĞƐƚĂƚĞ͛ƐƉƌĞŵŝĞƌƚƌĂŝŶŝŶŐ
ĨĂĐŝůŝƚŝĞƐ͕ĂŶĚĞŶǀŝƐŝŽŶƐĂĐĐĞƐƐƚŽĨƵŶĚƐƚŚĂƚƐƵƉƉŽƌƚŝŶĐƌĞĂƐĞĚƵƚŝůŝnjĂƚŝŽŶĨŽƌƌĞƐŬŝůůŝŶŐ
ŝŶĐƵŵďĞŶƚǁŽƌŬĞƌƐ͕ŽŶƚŚĞũŽďůĞĂƌŶŝŶŐ͕ĂƉƉƌĞŶƚŝĐĞƐŚŝƉƐ͕ĂŶĚĐĞƌƚŝĨŝĐĂƚŝŽŶƉƌŽŐƌĂŵƐƚŚĂƚ
ŝŶĐůƵĚĞƐƵƚŝůŝnjŝŶŐƚŚĞƵŶŝǀĞƌƐŝƚLJƐLJƐƚĞŵ͘
ĂŶƚŝĐŝƉĂƚĞƐƚŚĂƚƚŚĞƐĞĂĐƚŝǀŝƚŝĞƐǁŝůůŝŶĐůƵĚĞĨĞĂƐŝďŝůŝƚLJƐƚƵĚŝĞƐ͕ĚĞƐŝŐŶĂŶĚĞŶŐŝŶĞĞƌŝŶŐ͕
ďĞŶĞĨŝƚĐŽƐƚĂŶĂůLJƐŝƐ͕ƉƌŽǀŝƐŝŽŶŽĨǁƌĂƉĂƌŽƵŶĚŽƌƐƵƉƉŽƌƚƐĞƌǀŝĐĞƐƐƵĐŚĂƐŚŽƵƐŝŶŐŽƌĐŚŝůĚĐĂƌĞ
ǀŽƵĐŚĞƌƐ͕ĂŶĚŵĂũŽƌŵĂŝŶƚĞŶĂŶĐĞŽĨŝŶĨƌĂƐƚƌƵĐƚƵƌĞĂƐƐĞƚƐ͘D>͛ƐƐƵďŐƌĂŶƚƉƌŽĐĞƐƐǁŝůůďĞƐĐĂůĞĚ
ƚŽƌĞĨůĞĐƚƚŚĞŐŽĂůƐĂŶĚŽďũĞĐƚŝǀĞƐŽĨƚŚŝƐ&K͕ŝŶĐůƵĚŝŶŐĚŝƐĂĚǀĂŶƚĂŐĞĚĐŽŵŵƵŶŝƚŝĞƐƚŚĂƚǁŝůů
ďĞŶĞĨŝƚĨƌŽŵƚŚĞƐĞĂĐƚŝǀŝƚŝĞƐ͘D>ǁŝůůĐŽŶĚƵĐƚĂŶĞƋƵŝƚLJĂƐƐĞƐƐŵĞŶƚĂŶĚǁŽƌŬǁŝƚŚĐŽŵŵƵŶŝͲ
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ŽŵŵƵŶŝƚLJĞŶĞĨŝƚƐWůĂŶ͕ǁŚŝĐŚǁŝůůŝŶĐůƵĚĞĐŽŵŵƵŶŝƚLJĂŶĚůĂďŽƌƉĂƌƚŶĞƌƐŚŝƉĚŽĐƵŵĞŶƚĂƚŝŽŶ͘
DĞĞƟŶŐƌĞĂŽĨ/ŶƚĞƌĞƐƚηϮKďũĞĐƟǀĞƐ
dŚŝƐƉƌŽũĞĐƚǁŝůůďĞŶĞĨŝƚĐŽŵŵƵŶŝƚŝĞƐĞdžƉĞĐƚĞĚƚŽďĞŝŵƉĂĐƚĞĚďLJƚŚĞĐŽŶƐƚƌƵĐƚŝŽŶĂŶĚŽƉĞƌͲ
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ƚƌĂŶƐŵŝƐƐŝŽŶůŝŶĞďĞƚǁĞĞŶƚŚĞ<ĞŶĂŝWĞŶŝŶƐƵůĂŽƌŽƵŐŚĂŶĚĂůŽĐĂƚŝŽŶŽŶƚŚĞǁĞƐƚƐŝĚĞŽĨƚŚĞ
ŽŽŬ/ŶůĞƚ͕ŽƉƉŽƐŝƚĞƚŚĞDƵŶŝĐŝƉĂůŝƚLJŽĨŶĐŚŽƌĂŐĞǁŝůůĚĞůŝǀĞƌďĞŶĞĨŝƚƐƚŚƌŽƵŐŚŽƵƚƚŚĞZĂŝůďĞůƚ͘
dŚĞŽƉĞƌĂƚŝŽŶŽĨƚŚĂƚƚƌĂŶƐŵŝƐƐŝŽŶůŝŶĞǁŝůůŝŵƉƌŽǀĞƌĞĚƵŶĚĂŶĐLJ͕ĂůůŽǁĨŽƌŝŶĐƌĞĂƐĞĚŐƌŝĚͲǁŝĚĞ
ĐŽŶǀĞLJĂŶĐĞŽĨůŽǁͲĐŽƐƚƌĞŶĞǁĂďůĞƉŽǁĞƌĨŽƌĞdžŝƐƚŝŶŐĂŶĚĨƵƚƵƌĞƉƌŽũĞĐƚƐ͕ĂŶĚĐŽŶƚƌŝďƵƚĞƚŽ
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ǁŽƌŬĨŽƌĐĞŝŵƉƌŽǀĞŵĞŶƚƐ͘LJƐƚƌĂƚĞŐŝĐĂůůLJĂĚĚƌĞƐƐŝŶŐƚŚĞƐĞĂƌĞĂƐ͕ǁĞĐĂŶƉƌŽŵŽƚĞƐƵƐƚĂŝŶĂďŝůŝƚLJ
ĂŶĚƌĞĚƵĐĞĚŝƐƉĂƌŝƚŝĞƐŝŶǀƵůŶĞƌĂďůĞĐŽŵŵƵŶŝƚŝĞƐ͘
4
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ĐĂŶƚůLJƌĞĚƵĐĞĞŶĞƌŐLJĐŽŶƐƵŵƉƚŝŽŶĂŶĚĞŵŝƐƐŝŽŶƐ͕ďĞŶĞĨŝƚŝŶŐďŽƚŚƌĞƐŝĚĞŶƚƐĂŶĚƚŚĞĞŶǀŝƌŽŶŵĞŶƚ͘
WŽůŝĐŝĞƐĂŶĚŝŶŝƚŝĂƚŝǀĞƐƚŚĂƚƉƌŝŽƌŝƚŝnjĞĞŶĞƌŐLJͲĞĨĨŝĐŝĞŶƚĐŽŶƐƚƌƵĐƚŝŽŶĂŶĚƌĞŶŽǀĂƚŝŽŶƐ͕ƉĂƌƚŝĐƵůĂƌůLJ
ŝŶůŽǁͲŝŶĐŽŵĞŶĞŝŐŚďŽƌŚŽŽĚƐ͕ĐĂŶŵŝƚŝŐĂƚĞƚŚĞĞŶĞƌŐLJďƵƌĚĞŶŽŶŵĂƌŐŝŶĂůŝnjĞĚĐŽŵŵƵŶŝƚŝĞƐ͘
WƵďůŝĐĨĂĐŝůŝƚŝĞƐ͕ƐƵĐŚĂƐƐĐŚŽŽůƐĂŶĚĐŽŵŵƵŶŝƚLJĐĞŶƚĞƌƐ͕ƐĞƌǀĞĂƐĞƐƐĞŶƚŝĂůƌĞƐŽƵƌĐĞƐĨŽƌůŽĐĂů
ĐŽŵŵƵŶŝƚŝĞƐ͘/ŶǀĞƐƚŝŶŐŝŶƌĞŶĞǁĂďůĞĞŶĞƌŐLJƐŽƵƌĐĞƐĂŶĚĞŶĞƌŐLJͲĞĨĨŝĐŝĞŶƚƚĞĐŚŶŽůŽŐŝĞƐĨŽƌ
ƚŚĞƐĞĨĂĐŝůŝƚŝĞƐŶŽƚŽŶůLJƌĞĚƵĐĞƐƚŚĞŝƌĞŶǀŝƌŽŶŵĞŶƚĂůŝŵƉĂĐƚďƵƚĂůƐŽĞŶƐƵƌĞƐƚŚĂƚƵŶĚĞƌƐĞƌǀĞĚ
ĐŽŵŵƵŶŝƚŝĞƐŚĂǀĞĂĐĐĞƐƐƚŽĐůĞĂŶ͕ƐĂĨĞƐƉĂĐĞƐƚŚĂƚĞŶŚĂŶĐĞƚŚĞŝƌƋƵĂůŝƚLJŽĨůŝĨĞ͘
/ŶĨƌĂƐƚƌƵĐƚƵƌĞĚĞǀĞůŽƉŵĞŶƚŝƐĂŶŽƚŚĞƌĐƌŝƚŝĐĂůĂƐƉĞĐƚŽĨĂĚǀĂŶĐŝŶŐĞŶǀŝƌŽŶŵĞŶƚĂůũƵƐƚŝĐĞ͘
ƋƵŝƚĂďůĞĂĐĐĞƐƐƚŽĞĨĨŝĐŝĞŶƚƉƵďůŝĐƚƌĂŶƐƉŽƌƚĂƚŝŽŶƐLJƐƚĞŵƐĐĂŶƌĞĚƵĐĞƌĞůŝĂŶĐĞŽŶƉĞƌƐŽŶĂůǀĞŚŝͲ
ĐůĞƐ͕ůŽǁĞƌŝŶŐĞŵŝƐƐŝŽŶƐĂŶĚŝŵƉƌŽǀŝŶŐĂŝƌƋƵĂůŝƚLJŝŶƵŶĚĞƌƐĞƌǀĞĚĂƌĞĂƐ͘ĚĚŝƚŝŽŶĂůůLJ͕ŝŶǀĞƐƚŝŶŐ
ŝŶŐƌĞĞŶŝŶĨƌĂƐƚƌƵĐƚƵƌĞůŝŬĞƉĂƌŬƐ͕ƵƌďĂŶĨŽƌĞƐƚƐ͕ĂŶĚƐƵƐƚĂŝŶĂďůĞƐƚŽƌŵǁĂƚĞƌŵĂŶĂŐĞŵĞŶƚĐĂŶ
ĞŶŚĂŶĐĞďŽƚŚĞŶǀŝƌŽŶŵĞŶƚĂůƌĞƐŝůŝĞŶĐĞĂŶĚĐŽŵŵƵŶŝƚLJǁĞůůͲďĞŝŶŐ͘
tŽƌŬĨŽƌĐĞŝŵƉƌŽǀĞŵĞŶƚƐƉůĂLJĂĐƌƵĐŝĂůƌŽůĞŝŶĂĚĚƌĞƐƐŝŶŐĞŶĞƌŐLJĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůũƵƐƚŝĐĞ͘
ŶƐƵƌŝŶŐƚŚĂƚŵĂƌŐŝŶĂůŝnjĞĚĐŽŵŵƵŶŝƚŝĞƐŚĂǀĞŽƉƉŽƌƚƵŶŝƚŝĞƐĨŽƌĞĚƵĐĂƚŝŽŶĂŶĚƚƌĂŝŶŝŶŐŝŶ
ƌĞŶĞǁĂďůĞĞŶĞƌŐLJĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůĨŝĞůĚƐĐĂŶĐƌĞĂƚĞƐƵƐƚĂŝŶĂďůĞ͕ǁĞůůͲƉĂLJŝŶŐũŽďƐ͘dŚĞƐĞ
ŽƉƉŽƌƚƵŶŝƚŝĞƐŶŽƚŽŶůLJĞŵƉŽǁĞƌŝŶĚŝǀŝĚƵĂůƐďƵƚĂůƐŽĐŽŶƚƌŝďƵƚĞƚŽďƌŽĂĚĞƌĞĨĨŽƌƚƐƚŽƚƌĂŶƐŝƚŝŽŶ
ƚŽĂĐůĞĂŶĞŶĞƌŐLJĞĐŽŶŽŵLJ͘
͛ƐŽŵŵƵŶŝƚLJĞŶĞĨŝƚƐWůĂŶǁŝůůŝĚĞŶƚŝĨLJǁĂLJƐŝŶǁŚŝĐŚ>ĐĂŶĂĚĚƌĞƐƐĚŝƐƉĂƌŝƚŝĞƐ
ŝŶƚŚĞƐĞĂƌĞĂƐ͕ĂŶĚƵůƚŝŵĂƚĞůLJƌĞĚƵĐĞĞŶǀŝƌŽŶŵĞŶƚĂůďƵƌĚĞŶƐŽŶŵĂƌŐŝŶĂůŝnjĞĚĐŽŵŵƵŶŝƚŝĞƐ͕
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tŝƚŚƚŚĂƚŝŶŵŝŶĚ͕ƚŚŝƐƉƌŽũĞĐƚǁŝůůĐŽŶƚƌŝďƵƚĞƚŽĐŽŵŵƵŶŝƚLJďĞŶĞĨŝƚƐ͕ŝŶĐůƵĚŝŶŐƚŽ;ϭͿƐƵƉƉŽƌƚ
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ĚŝǀĞƌƐŝƚLJ͕ĞƋƵŝƚLJ͕ŝŶĐůƵƐŝŽŶ͕ĂŶĚĂĐĐĞƐƐŝďŝůŝƚLJ;/Ϳ͖ĂŶĚ;ϰͿĐŽŶƚƌŝďƵƚĞƚŽƚŚĞWƌĞƐŝĚĞŶƚ͛Ɛ
ŐŽĂůƚŚĂƚϰϬйŽĨƚŚĞŽǀĞƌĂůůďĞŶĞĨŝƚƐŽĨĐĞƌƚĂŝŶĨĞĚĞƌĂůŝŶǀĞƐƚŵĞŶƚƐĨůŽǁƚŽĚŝƐĂĚǀĂŶƚĂŐĞĚ
ĐŽŵŵƵŶŝƚŝĞƐ͘ŚĂƐƚĂŬĞŶĂŶŝŶĐůƵƐŝǀĞĂƉƉƌŽĂĐŚƚŽƉƵďůŝĐĞŶŐĂŐĞŵĞŶƚ͕ƉĂƌƚŶĞƌƐŚŝƉ͕ĂŶĚ
ĚĞŵŽŶƐƚƌĂƚŝŽŶŽĨ:ƵƐƚŝĐĞϰϬďĞŶĞĨŝƚƐǁŝƚŚŝŶŝƚƐĨĞĚĞƌĂůůLJĨƵŶĚĞĚƉƌŽũĞĐƚƐ͘
ϯ͘ ZŝƐŬĂŶĚZŝƐŬDŝƟŐĂƟŽŶ
ƌĞĐŽŐŶŝnjĞƐƚŚĂƚƚŚĞƉƌŽũĞĐƚŝƐďĂƐĞĚŽŶĂƚƌĂŶƐŵŝƐƐŝŽŶƉƌŽũĞĐƚƚŚĂƚŚĂƐďĞĞŶĂǁĂƌĚĞĚďƵƚ
ŶŽƚĨƵůůLJĞdžĞĐƵƚĞĚďLJK͕ĂŶĚƚŚĂƚŽŶĐĞĂĨŝŶĂůĂŐƌĞĞŵĞŶƚŝƐŝŶƉůĂĐĞ͕ƐŝƚŝŶŐŵƵƐƚƐƚŝůůŽĐĐƵƌ
ƉƌŝŽƌƚŽŐƌĂŶƚĨƵŶĚƐĞdžƉĞŶĚĞĚ͘
ϭ͘ ǁŝůůǁŽƌŬǁŝƚŚƚŚĞůĂƐŬĂĞƉĂƌƚŵĞŶƚŽĨEĂƚƵƌĂůZĞƐŽƵƌĐĞƐŽŶƐŝƚŝŶŐ͕ĂŶĚŝƐĐŽŶĨŝͲ
ĚĞŶƚƚŚĂƚƚŚĞKĨĨŝĐĞŽĨWƌŽũĞĐƚDĂŶĂŐĞŵĞŶƚĂŶĚWĞƌŵŝƚƚŝŶŐǁŝůůďĞĂŶĞĨĨĞĐƚŝǀĞƉĂƌƚŶĞƌŝŶ
ĂĚĚƌĞƐƐŝŶŐƐŝƚŝŶŐƋƵŝĐŬůLJ͘^ƚŝůů͕ƚŚŝƐŵĂLJĂĨĨĞĐƚ>͛ƐƉƌŽũĞĐƚƐĐŚĞĚƵůĞ͕ǁŚŝĐŚŚĂƐďĞĞŶ
ĂĐĐŽƵŶƚĞĚĨŽƌ͘
ǁŝůůƌĞƋƵŝƌĞĂϱйĐŽƐƚͲƐŚĂƌĞďLJůŽĐĂůĂŶĚƚƌŝďĂůŐŽǀĞƌŶŵĞŶƚƐĨŽƌƐƵďĂǁĂƌĚƐŵĂĚĞĨŽƌůŽĐĂůůLJ
ĚĞůŝǀĞƌĞĚƉƌŽũĞĐƚĂĐƚŝǀŝƚŝĞƐ͘
Ϯ͘ tŚŝůĞƚŚĞŵĂũŽƌŝƚLJŽĨůŽĐĂůĂŶĚƚƌŝďĂůŐŽǀĞƌŶŵĞŶƚƐƐŚŽƵůĚďĞŝŶĂƉŽƐŝƚŝŽŶƚŽĂĐĐĞƉƚĂ
ƐƵďĂǁĂƌĚǁŝƚŚƚŚŝƐĐŽƐƚͲƐŚĂƌĞƌĞƋƵŝƌĞŵĞŶƚŝŶƉůĂĐĞ͕ŝƐĐŽŵŵŝƚƚĞĚƚŽĚĞůŝǀĞƌŝŶŐďĞŶĞĨŝƚƐ
ŝŶĚŝƐĂĚǀĂŶƚĂŐĞĚĐŽŵŵƵŶŝƚŝĞƐǁŚĞƌĞĂĐĐĞƐƐƚŽĐŽƐƚͲƐŚĂƌĞŵĂLJďĞŵŽƌĞĚŝĨĨŝĐƵůƚ͘ǁŝůů
5
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ĚĞƐŝŐŶĂĐŽƐƚͲƐŚĂƌĞƉƌŽĐĞƐƐƚŚĂƚŝŶĐůƵĚĞƐŽƌƉĂƌƚŶĞƌĐŽŶƚƌŝďƵƚŝŽŶƐŝŶůŝĞƵŽĨĂǀĂŝůĂďůĞ
ůŽĐĂůĨƵŶĚƐ͕ĂŶĚǁŝůůŵĂŬĞƵƉƚŚĞĚŝĨĨĞƌĞŶĐĞŽŶĂŶĞĞĚƐͲďĂƐĞĚĂƐƐĞƐƐŵĞŶƚ͘
ϰ͘ ^ĐŚĞĚƵůĞ
dŚŝƐƉƌŽũĞĐƚŝƐĂŶƚŝĐŝƉĂƚĞĚƚŽŽĐĐƵƌŽǀĞƌϰϴŵŽŶƚŚƐ͕ĐŽŶƐŝƐƚĞŶƚǁŝƚŚƚŚĞƉĞƌŝŽĚŽĨƉĞƌĨŽƌŵĂŶĐĞ
ƚŝŵĞĨƌĂŵĞĂƐƐƚĂƚĞĚŝŶƚŚĞ&K͘dŚĞƉƌŽũĞĐƚƐĐŚĞĚƵůĞƌĞĨůĞĐƚƐƚŚĞƚŝŵĞůŝŶĞƐƐŽĨƉƌŽũĞĐƚŝŵƉůĞͲ
ŵĞŶƚĂƚŝŽŶ͕ĚŽĐƵŵĞŶƚĂƚŝŽŶŽĨƉƌŽŐƌĞƐƐ͕ŵĂŶĂŐĞŵĞŶƚŽĨƚŚĞĐŽŵŵƵŶŝƚLJďĞŶĞĨŝƚƐƉůĂŶ͕ĂŶĚ
ƌĞƉŽƌƚŝŶŐ͘^ƵďĂǁĂƌĚĂĐƚŝǀŝƚŝĞƐďLJůŽĐĂůŐŽǀĞƌŶŵĞŶƚƐĂƌĞĞdžƉĞĐƚĞĚƚŽůĂƐƚŶŽƚŵŽƌĞƚŚĂŶϮϰ
ŵŽŶƚŚƐƚŽĨŝƚǁŝƚŚŝŶƚŚŝƐƐĐŚĞĚƵůĞ͘ĞdžƉĞĐƚƐƚŚĞƉƌŽũĞĐƚƚŽďĞŐŝŶƵƉŽŶĂǁĂƌĚ͕ĂŶĚŚĂƐƵƐĞĚ
:ƵůLJϭĂƐĂƉƌŽǀŝƐŝŽŶĂůƐƚĂƌƚĚĂƚĞ͘
ϱ͘ dƌĂŶƐŵŝƐƐŝŽŶWƌŽũĞĐƚ
ŚĂƐƐĞĐƵƌĞĚΨϮϬϲ͘ϱŵŝůůŝŽŶĨŽƌ'ƌŝĚZĞƐŝůŝĞŶĐĞĂŶĚ/ŶŶŽǀĂƚŝŽŶWĂƌƚŶĞƌƐŚŝƉ;'Z/WͿdŽƉŝĐƌĞĂ
ϯ͗'ƌŝĚ/ŶŶŽǀĂƚŝŽŶƚŚƌŽƵŐŚƚŚĞhŶŝƚĞĚ^ƚĂƚĞƐĞƉĂƌƚŵĞŶƚŽĨŶĞƌŐLJ'ƌŝĚ͛Ɛ;KͿ'ƌŝĚ
ĞƉůŽLJŵĞŶƚKĨĨŝĐĞ;'KĨŽƌĂƚŽƚĂůƉƌŽũĞĐƚĂŵŽƵŶƚŽĨΨϰϭϯŵŝůůŝŽŶ͘dŚĞĂǁĂƌĚĞĚZĂŝůďĞůƚ
/ŶŶŽǀĂƚŝŽŶZĞƐŝůŝĞŶĐLJ;Z/ZͿƉƌŽũĞĐƚǁŝůůĐŽŶƐƚƌƵĐƚĂ,ŝŐŚsŽůƚĂŐĞŝƌĞĐƚƵƌƌĞŶƚ;,sͿƐƵďƐĞĂ
ĐĂďůĞƚŽƐĞƌǀĞĂƐĂƌĞĚƵŶĚĂŶƚƉĂƚŚǁĂLJŽĨĨŽĨƚŚĞ<ĞŶĂŝWĞŶŝŶƐƵůĂƚŽƚŚĞĐĞŶƚƌĂůZĂŝůďĞůƚƌĞŐŝŽŶ͕
ĐƌĞĂƚŝŶŐĂŵƵĐŚͲŶĞĞĚĞĚƌĞĚƵŶĚĂŶƚƐLJƐƚĞŵďŽůƐƚĞƌŝŶŐƌĞƐŝůŝĞŶĐLJŝŶƚŚĞĐĂƐĞŽĨĚŝƐƌƵƉƚŝǀĞĞǀĞŶƚƐ͘
dŚĞƉƌŽũĞĐƚŝƐƐƚŝůůŝŶĚĞƐŝŐŶƉŚĂƐĞǁŝƚŚĂǀŽůƚĂŐĞƌĂƚŝŶŐĐŽŶƐŝĚĞƌĂƚŝŽŶŽĨďĞƚǁĞĞŶϭϲϬŬsƚŽ
ϮϯϬŬs͕ĂŶĚůŝŬĞůLJƚŽŵĞĞƚƚŚĞĞůŝŐŝďŝůŝƚLJƚŚƌĞƐŚŽůĚŽĨϮϬϬŬs͘dŚĞƉƌŽũĞĐƚĂůƐŽŚĂǀĞĂƉŽǁĞƌ
ƚƌĂŶƐĨĞƌĐĂƉĂĐŝƚLJŽĨϯϬϬDt͘/ŶĂĚĚŝƚŝŽŶ͕ƚŚĞZ/ZƉƌŽũĞĐƚǁŝůůƉƌŽǀŝĚĞŶĞĐĞƐƐĂƌLJĂĚĚŝƚŝŽŶĂů
ĐĂƉĂĐŝƚLJĨŽƌƚŚĞĐŽŶǀĞLJĂŶĐĞŽĨĐůĞĂŶĂŶĚĂĨĨŽƌĚĂďůĞƌĞŶĞǁĂďůĞƉŽǁĞƌĂĐƌŽƐƐƚŚĞZĂŝůďĞůƚŐƌŝĚ͕
ĨƌŽŵďŽƚŚĞdžŝƐƚŝŶŐĂŶĚƉůĂŶŶĞĚŐĞŶĞƌĂƚŝŽŶ͖ĂŶĚƉƌŽǀŝĚĞĨƵŶĚŝŶŐĨŽƌŵƵůƚŝƉůĞďĂƚƚĞƌLJĞŶĞƌŐLJ
ƐƚŽƌĂŐĞƐLJƐƚĞŵƐ;^^ͿǁŝƚŚŝŶƚŚĞƌĞƐƉĞĐƚŝǀĞƐĞƌǀŝŶŐĂƌĞĂƐŽĨƚŚĞZĂŝůďĞůƚƵƚŝůŝƚŝĞƐ͕ǁŝƚŚĂĨŽĐƵƐ
ŽŶƚŚĞĐĞŶƚƌĂůĂŶĚŶŽƌƚŚĞƌŶƌĞŐŝŽŶƐŽĨƚŚĞZĂŝůďĞůƚĞůĞĐƚƌŝĐĂůŐƌŝĚ͘dŚĞƉƌŽũĞĐƚŝƐĞƐƚŝŵĂƚĞĚƚŽ
ƚĂŬĞĞŝŐŚƚLJĞĂƌƐƚŽĐŽŵƉůĞƚĞ͘dŚŝƐƉƌŽũĞĐƚƐƵƉƉŽƌƚƐƚŚĞƌĞƚĞŶƚŝŽŶŽĨŚŝŐŚͲƋƵĂůŝƚLJũŽďƐŝŶƚŚĞ
ƌĞŐŝŽŶ͕ŝŶĐůƵĚŝŶŐϲϱϬŚŝŐŚůLJƉĂŝĚƵŶŝŽŶũŽďƐǁŝƚŚĐŽŵƉĞƚŝƚŝǀĞĞŵƉůŽLJĞƌͲƐƉŽŶƐŽƌĞĚďĞŶĞĨŝƚƐ͕ĂŶĚ
ĐƌĞĂƚĞƐĂƉƉƌĞŶƚŝĐĞƐŚŝƉĂŶĚŝŶƚĞƌŶƐŚŝƉƉƌŽŐƌĂŵƐƚŽƚƌĂŝŶĂŶĞǁŐĞŶĞƌĂƚŝŽŶŽĨůŝŶĞǁŽƌŬĞƌƐĂŶĚ
ǁŝƌĞǁŽƌŬĞƌƐƚŽƌĞŝŶǀŝŐŽƌĂƚĞůĂƐŬĂ͛ƐĞŶĞƌŐLJǁŽƌŬĨŽƌĐĞ͘
ϲ͘YƵĂůŝĨŝĐĂƚŝŽŶƐ͕džƉĞƌŝĞŶĐĞ͕ĂŶĚZĞƐŽƵƌĐĞƐ
ǁŝůůƉƌŽǀŝĚĞĂĚŵŝŶŝƐƚƌĂƚŝǀĞĂŶĚƐƚƌĂƚĞŐŝĐƐƵƉƉŽƌƚ͕ĂƐǁĞůůĂƐƐƵďũĞĐƚŵĂƚƚĞƌĞdžƉĞƌƚŝƐĞ͕ĂƐƚŚĞ
ƉƌŝŵĞĂƉƉůŝĐĂŶƚ͘ŚĂƐŵĂŶĂŐĞĚďŽƚŚŝƚƐZĞŶĞǁĂďůĞŶĞƌŐLJ&ƵŶĚĂŶĚŵĞƌŐŝŶŐdĞĐŚŶŽůŽŐLJ
&ƵŶĚƐŝŶĐĞϮϬϬϴ͕ĂŶĚƉƌŽŐƌĂŵƐůŝŬĞWŽǁĞƌŽƐƚƋƵĂůŝnjĂƚŝŽŶƐŝŶĐĞϭϵϴϱ͘ĂŶŶƵĂůůLJƌĞǀŝĞǁƐ
ƚŚĞƉŽƚĞŶƚŝĂůĨŽƌŵŝĐƌŽŐƌŝĚƉƌŽũĞĐƚƐƚŽůŽǁĞƌĐŽƐƚƐĂŶĚƌĞĚƵĐĞĚŝĞƐĞůĐŽŶƐƵŵƉƚŝŽŶ͕ŝŶĐůƵĚŝŶŐ
ƚŚƌŽƵŐŚƚŚĞƵƐĞŽĨƌĞŶĞǁĂďůĞƐ͘ŚĂƐĞdžƉĞƌŝĞŶĐĞǁŝƚŚŝŵƉƌŽǀŝŶŐ͕ƵƉŐƌĂĚŝŶŐ͕ĂŶĚďƵŝůĚŝŶŐŽƵƚ
ƌƵƌĂůŵŝĐƌŽŐƌŝĚƐ͕ŝŶĐůƵĚŝŶŐƚŚƌŽƵŐŚŵŽĚĞƌŶĚŝƐƚƌŝďƵƚŝŽŶƐLJƐƚĞŵƐĂŶĚĐŽŶƚƌŽůƐ͕ĂƚƚĞƌLJŶĞƌŐLJ
^ƚŽƌĂŐĞ^LJƐƚĞŵƐ;^^Ϳ͕DŽĚĞƌŶĂŶĚĞŵŝƐƐŝŽŶĞĨĨŝĐŝĞŶƚĚŝĞƐĞůďĂĐŬͲƵƉƉŽǁĞƌŚŽƵƐĞƐLJƐƚĞŵƐ͕ĂŶĚ
ƚŚƌŽƵŐŚ^ĐŽŶƚƌŽůƐďĞƚǁĞĞŶƌĞŶĞǁĂďůĞƐĂŶĚĚŝĞƐĞůďĂĐŬͲƵƉƐ͘
D>ǁŝůůďĞƚŚĞƉƌŽũĞĐƚŵĂŶĂŐĞƌĂŶĚŝŵƉůĞŵĞŶƚĐŽŽƌĚŝŶĂƚŝŶŐĂĐƚŝǀŝƚŝĞƐƚŚĂƚĞŶŐĂŐĞůŽĐĂů
ŐŽǀĞƌŶŵĞŶƚƐŝŶĂƌŽďƵƐƚƉƌŽĐĞƐƐŽĨƌĞǀŝĞǁĂŶĚĂŶĂůLJƐŝƐ͘D>ŚĂƐƉůĂLJĞĚĂƐŝŐŶŝĨŝĐĂŶƚƌŽůĞŝŶ
ƐƚƌĞŶŐƚŚĞŶŝŶŐƚŚĞĞĨĨĞĐƚŝǀĞŶĞƐƐŽĨĨĞĚĞƌĂůĂŶĚƐƚĂƚĞƌĞůŝĞĨĂŶĚŝŶǀĞƐƚŵĞŶƚŝŶƚŽůĂƐŬĂůŽĐĂů
ŐŽǀĞƌŶŵĞŶƚƐĂŶĚdƌŝďĞƐ͘D>ŚĂƐĂůƐŽƉĂƌƚŶĞƌĞĚǁŝƚŚƚŚĞ^ƚĂƚĞŽĨůĂƐŬĂƚŽďƵŝůĚďĞƚƚĞƌƐĞƌǀŝĐĞ
ĚĞůŝǀĞƌLJĂƚƚŚĞůŽĐĂůůĞǀĞů͕ĐƵůƚŝǀĂƚĞ^ƚĂƚĞͲŵƵŶŝĐŝƉĂůƌĞůĂƚŝŽŶƐŚŝƉƐ͕ĂŶĚƉƌŽǀŝĚĞůŽĐĂůŝŶƉƵƚŝŶƚŽ
^ƚĂƚĞĚĞĐŝƐŝŽŶͲŵĂŬŝŶŐ͘D>ŚĂƐĐŽŵƉůĞƚĞĚƚŝŵĞůLJƌĞƉŽƌƚŝŶŐƌĞƋƵŝƌĞŵĞŶƚƐ͕ŝŶĐůƵĚŝŶŐŵŽŶƚŚůLJ
ƌĞƉŽƌƚƐƚŚĂƚŚĂǀĞƌĞƋƵŝƌĞĚĚĂƚĂĞdžƉŽƌƚƐ͕ƐƵŵŵĂƌŝĞƐŽĨĞŶŐĂŐĞŵĞŶƚ͕ĂŶĚƌĞǀŝĞǁŽĨĂĐƚŝǀŝƚŝĞƐ͘
&ŝŶĂůƌĞƉŽƌƚƐŚĂǀĞŝŶĐůƵĚĞĚĨŝŶĂŶĐŝĂůƌĞƉŽƌƚŝŶŐĂŶĚŽƵƚĐŽŵĞĞǀĂůƵĂƚŝŽŶ͘
6
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ϳ͘ WĂƌƚŶĞƌƐ
ŝƐƉůĂŶŶŝŶŐƚŽŝŶĐůƵĚĞŝŶŝƚƐĐŽůůĂďŽƌĂƚŝǀĞĂƉƉƌŽĂĐŚĂŶƵŵďĞƌŽĨƉĂƌƚŶĞƌƐƚŚĂƚĐĂŶŚĞůƉƚŽ
ĞŶƐƵƌĞƐƵĐĐĞƐƐĨƵůƉƌŽũĞĐƚŝŵƉůĞŵĞŶƚĂƚŝŽŶĂƐǁĞůůĂƐĐŽŵŵƵŶŝƚLJďĞŶĞĨŝƚƐ͘
ͻ ,ŽƵƐŝŶŐʹǁŝůůŝŶǀŝƚĞƉĂƌƚŝĐŝƉĂƚŝŽŶďLJƚŚĞůĂƐŬĂ,ŽƵƐŝŶŐ&ŝŶĂŶĐĞŽƌƉŽƌĂƚŝŽŶĂŶĚŽůĚ
ůŝŵĂƚĞ,ŽƵƐŝŶŐZĞƐĞĂƌĐŚĞŶƚĞƌƚŽĐŽŵƉůĞŵĞŶƚĂŶĚŝŶĨŽƌŵƚŚĞǁŽƌŬŽĨůŽĐĂůĂŶĚƚƌŝďĂů
ŐŽǀĞƌŶŵĞŶƚƐƚŚĂƚĐŽŶĚƵĐƚŚŽƵƐŝŶŐĂŶĂůLJƐĞƐŽƌŝŵƉůĞŵĞŶƚŚŽƵƐŝŶŐŝŵƉƌŽǀĞŵĞŶƚƐ͘
ͻ tŽƌŬĨŽƌĐĞʹǁŝůůŝŶǀŝƚĞƉĂƌƚŝĐŝƉĂƚŝŽŶďLJƚŚĞhŶŝǀĞƌƐŝƚLJŽĨůĂƐŬĂĂŶĚůĂƐŬĂ&>Ͳ/KƚŽ
ƉƌŽǀŝĚĞƉĂƚŚǁĂLJƐĨŽƌƚƌĂĚĞƐ͕ƚƌĂŝŶŝŶŐ͕ĂŶĚƌĞƐŬŝůůŝŶŐŽƉƉŽƌƚƵŶŝƚŝĞƐĨŽƌǁŽƌŬĨŽƌĐĞĚĞǀĞůŽƉŵĞŶƚ
ĞĨĨŽƌƚƐŝŶƚŚĞƌĞŐŝŽŶ͕ŝŶĐůƵĚŝŶŐƚŽŝĚĞŶƚŝĨLJĂƉƉƌĞŶƚŝĐĞƐŚŝƉŽƉƉŽƌƚƵŶŝƚŝĞƐĂŶĚǁŽƌŬĞƌƐƵƉƉŽƌƚ͘
ͻ /ŶĨƌĂƐƚƌƵĐƚƵƌĞʹǁŝůůĨĂĐŝůŝƚĂƚĞĞŶŐĂŐĞŵĞŶƚďĞƚǁĞĞŶĐŽŵŵƵŶŝƚŝĞƐĂŶĚƚŚĞůĂƐŬĂ
ƌŽĂĚďĂŶĚKĨĨŝĐĞ͕ůĂƐŬĂKdΘW&͕ĂŶĚŽƚŚĞƌƐƚĂƚĞĂŐĞŶĐŝĞƐƚŽĞŶƐƵƌĞĂƉƉƌŽƉƌŝĂƚĞƚĞĐŚŶŝĐĂů
ĂƐƐŝƐƚĂŶĐĞŝƐƉƌŽǀŝĚĞĚĨŽƌĐŽͲůŽĐĂƚŝŽŶŽĨďƌŽĂĚďĂŶĚ͕ƉƌŽũĞĐƚďƵŶĚůŝŶŐ͕ĂŶĚĂĚĚƌĞƐƐŝŶŐŵĂũŽƌ
ŵĂŝŶƚĞŶĂŶĐĞ͘
ͻ ŽŵŵƵŶŝƚLJĞŶĞĨŝƚƐʹD>ǁŝůůŵĂŶĂŐĞŝŵƉůĞŵĞŶƚĂƚŝŽŶŽĨƚŚĞĐŽŵŵƵŶŝƚLJďĞŶĞĨŝƚƐƉůĂŶ͕
ŝŶĐůƵĚŝŶŐƚŽƌĞĂĐŚŽƵƚƚŽĂŶĚŝŶĐůƵĚĞƉŽƚĞŶƚŝĂůƉĂƌƚŶĞƌƐǁŚŽĐĂŶĂƐƐŝƐƚǁŝƚŚĐŚŝůĚĐĂƌĞ͕ƉƵďůŝĐ
ƉĂƌƚŝĐŝƉĂƚŝŽŶ͕ĞƋƵŝƚLJĂŶĂůLJƐŝƐ͕ĂŶĚĐŽŵŵƵŶŝƚLJƉůĂŶŶŝŶŐ͘
dŚŝƐĐŽŶĐĞƉƚƉĂƉĞƌŝƐŚĞƌĞďLJĂƉƉƌŽǀĞĚĨŽƌƐƵďŵŝƐƐŝŽŶƚŽKďLJƚŚĞĂƵƚŚŽƌŝnjĞĚƵŶĚĞƌƐŝŐŶĞĚ
ƌĞƉƌĞƐĞŶƚĂƚŝǀĞŽĨƚŚĞůĂƐŬĂŶĞƌŐLJƵƚŚŽƌŝƚLJ͗
dŝƚůĞ͗džĞĐƵƚŝǀĞŝƌĞĐƚŽƌ͕ůĂƐŬĂŶĞƌŐLJƵƚŚŽƌŝƚLJ
EĂŵĞ͗ƵƌƚŝƐdŚĂLJĞƌ
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