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HomeMy WebLinkAboutVol5 Appendix F-IDonlin Creek Mine Power Supply Feasibility Study Nuvista Light & Power, Co. 301 Calista Ct. Anchorage, AK 99518-2038 Volume 5 Appendix F-I Final Report June 11, 2004 Bettine, LLC 1120 E. Huffman Rd. Pmb 343 Anchorage, AK 99501 907-336-2335 TABLE OF CONTENTS VOLUME I SECTION I - EXECUTIVE SUMMARY SECTION II - INTRODUCTION SECTION III - POWER SUPPLY ALTERNATIVES SECTION IV - 138-kV TRANSMISSION LINE & SUBSTATIONS SECTION V - PRELIMINARY ENVIRONMENTAL PLANNING SECTION VI- PROJECT COST ESTIMATES SECTION VII - PROJECT MANAGMENT & SCHEDULING SECTION VIII - PROJECT FINANCING SECTION IX - ECONOMIC ANALYSIS OF POWER SUPPLY ALTERNATIVES GLOSSARY OF TERMS VOLUME 2 Appendix A - Coal Plant Feasibility Design and Report Prepared by PES VOLUME 3 Appendix B - Modular Plant Feasibility Design and Report Prepared by PES VOLUME 4 Appendix C - 138 kV Transmission Line Feasibility Design Information Appendix D - Electric System Studies Prepared by EPS Appendix E - Foundation and Fuel Storage Feasibility Design Reports Prepared by LCMF VOLUME 5 Appendix F - Preliminary Environmental Assessment Review Appendix G - Economic Analysis Appendix H - Miscellaneous Information Appendix I - Agency and Public Comments APPENDIX F-I Appendix F – Preliminary Environmental Assessment Review 1. Transmission Line Review and Report by Travis-Peterson, Inc. 2. Power Plant Review and Report by Steigers Corporation Appendix G – Economic Analysis 1. Coal-Fired Plants 2. Combustion Turbine Plants – Bethel 3. Combustion Turbine Plant – Crooked Creek 4. Transmission Lines from Rail-belt Appendix H – Misc. 1. Loss of Load Expectation Calculations 2. Coal Cost Projections 3. Coal Plant Efficiencies and Reliability Information 4. EMF Information 5. Permafrost Information 6. Bethel River Bank Erosion Sketch Appendix I – Public Comments APPENDIX F Appendix F – Preliminary Environmental Assessment Review 1. Transmission Line Review and Report by Travis-Peterson, Inc. Environmental Planning for the 138 kV Donlin Creek Transmission Line Prepared for NUVISTA LIGHT & POWER CO. 301 Calista Court, Suite A Anchorage, AK 99518 Prepared by TRAVIS/PETERSON ENVIRONMENTAL CONSULTING, INC. 3305 Arctic Blvd. Suite 102 Anchorage, Alaska 99503 329 2nd Street Fairbanks, Alaska 99701 Project Number 1117-01 July 2003 Frank J. Bettine, P.E., 1117-01 10/13/2003 Bethel Transmission Line Page ii TABLE OF CONTENTS Page 1.0 INTRODUCTION...................................................................................................1 2.0 AFFECTED ENVIRONMENT...............................................................................1 3.0 ENVIRONMENTAL CONCERNS.........................................................................4 3.1 Land Use Impacts ........................................................................................4 3.2 Wetlands ......................................................................................................7 3.3 Navigable Rivers..........................................................................................8 3.4 Floodplain Management..............................................................................8 3.5 Threatened and Endangered Species ...........................................................8 3.6 Essential Fish Habitat ..................................................................................8 3.7 Anadromous Fish Streams...........................................................................9 3.8 State Lands/State Parks................................................................................9 3.9 Coastal Zone Management ........................................................................10 3.10 Cumulative and Secondary Impacts...........................................................10 3.11 Historic, Architectural, Archaeological, and Cultural Resources..............10 3.12 Construction Impacts.................................................................................11 4.0 FEDERAL PROCESS...........................................................................................11 5.0 COMMENTS FROM AGENCIES, BUSINESSES AND THE PUBLIC.............14 5.1 Federal Agencies........................................................................................14 5.2 State Agencies............................................................................................14 5.3 City and Village.........................................................................................15 5.4 Private Organizations.................................................................................15 6.0 ANTICIPATED PERMITS...................................................................................16 7.0 CONCLUSIONS....................................................................................................18 7.1 Preliminary Research.................................................................................18 7.2 Responses to Letter....................................................................................18 8.0 REFERENCES ......................................................................................................19 LIST OF FIGURES Figure 1 Region/Vicinity and Proposed Alternative..................................................2 Figure 2 Proposed Power Plant Location...................................................................3 Figure 3 Segment Breakdown of Transmission Line.................................................6 Figure 4 NEPA Decision Making Flowchart...........................................................13 Frank J. Bettine, P.E., 1117-01 10/13/2003 Bethel Transmission Line Page iii LIST OF TABLES Table 1 Breakdown in Segments of the Proposed Route..........................................5 Table 2 Landownership Rights.................................................................................7 Table 3 Potential Permits and Approvals................................................................16 LIST OF APPENDICES Appendix A Mailing List and Sample Letter Appendix B Phone Log, Comments from Agencies, Businesses, and the Public Appendix C Landownership Maps Appendix D USDA RUS NEPA Policies and Regulations Appendix E ADNR Application for Easement Right-of-way Permit Frank J. Bettine, P.E., 1117-01 10/13/2003 Bethel Transmission Line Page iv TABLE OF ACRONYMS ACMP Alaska Coastal Zone Management Program ADF&G Alaska Department of Fish and Game ADNR State of Alaska Department of Natural Resources AVEC Alaska Village Electric Cooperative, Inc BMPs Best Management Practices BNC Bethel Native Corporation BLM United States Bureau of Land Management CRSA Coastal Regional Service Area DMLW Division of Mining, Land and Water EFH Essential Fish Habitat EIS Environmental Impact Statement ESCP Erosion Control Plan FAA Federal Aviation Administration NEPA National Environmental Policy Act NMFS National Marine Fisheries Service NOI Notice of Intent NPDES National Pollution Discharge Elimination System NWR National Wildlife Refuge OHMP Office of Habitat Management and Permitting OHW Ordinary High Water OPMP Office of Project Management and Permitting ROD Record of Decision ROW Right-of-way RUS Division of Rural Utilities Service SHPO State Historic and Preservation Office SUP Special use permits SWPPP Storm Water Pollution Prevention Plan TKC The Kuskokwim Corporation TPECI Travis/Peterson Environmental Consulting, Inc. USACE United States Army Corps of Engineers USDA United States Department of Agriculture USFWS United States Fish and Wildlife Service Frank J. Bettine, P.E., 1117-01 10/13/2003 Bethel Transmission Line Page 1 1.0 INTRODUCTION Nuvista Light & Power, Co. (Nuvista) initiated a feasibility study to construct a power plant in Bethel, Alaska and a 138 kV transmission line from Bethel to eight rural communities along the Kuskokwim River and the proposed Donlin Creek gold mine project (Figure 1). Nuvista is a non-profit corporation created to serve as a regional generation and transmission utility for the Calista region. The transmission line will be located along the northern bank of the Kuskokwim River. The power line will serve Bethel, Akiachak, Akiak, Tulusak, Lower/Upper Kalskag, Aniak, Chuathbaluk Crooked Creek and the proposed Donlin Creek gold mine (Figure 1). The proposed power plant will be located south of the Bethel Airport at approximately 60˚ 46.225 minutes north latitude and 161˚ 47.320 west longitude (Figure 2). The goal of this project is to develop an economical source of electrical power for the Calista region with less environmental impacts. Currently, each village has its own diesel-powered electric generators and tank farms. Constructing a centralized power plant located at Bethel and a power grid along the Kuskokwim River would reduce energy cost in the region and minimize fuel storage at each village. Nuvista retained the services of Frank J. Bettine, P.E., Esq. as the project consultant. Mr. Bettine subcontracted with Travis/Peterson Environmental Consulting, Inc. (TPECI) to develop an environmental overview for the transmission line portion of the feasibility study. A letter was sent to environmental agencies, the affected communities, landowners, and other interest groups to introduce the proposed transmission line and power plant project and request comments. A copy of the letter and the responses are located in Appendices A and B. This report summarizes the environmental issues identified by the environmental agencies and the other interested parties. The report outlines the National Environmental Policy Act (NEPA) process and time requirements for the proposed project. Lastly, the report lists the necessary permits required to proceed with the project. 2.0 AFFECTED ENVIRONMENT Bethel is located along the Kuskokwim River, 40 miles inland from the Bering Sea. It lies in the Yukon Delta National Wildlife Refuge, 400 air miles west of Anchorage. Bethel is located in the Bethel Recording District Sec. 09, T08N, R71W, Seward Meridian. Precipitation averages 16 inches a year in this area with snowfall of 50 inches. Summer temperatures range from lows of 42˚ to highs of 62˚ F. Winter low and high temperatures average -2˚ to 19˚ F (ADCED, 2003) The area varies from a coastal climate near Bethel to a prevailing continental climate at Crooked Creek the easternmost town. Snowfall averages from about 50 inches at Bethel to upwards of 85 inches per year at Crooked Creek. Rainfall in the Kuskokwim River area averages approximately 15 to 20 inches. Temperature variances are greatest in the areas experiencing continental climate, where they may vary from -59˚ F in the winter up Frank J. Bettine, P.E., 1117-01 10/13/2003 Bethel Transmission Line Page 4 to 94˚ F in the summer. High winds are common along the Kuskokwim River in the fall and winter. The Kuskokwim River is ice-free typically from late-May through October (ADCED, 2003). The proposed transmission line would run along the north bank of the Kuskokwim River. It would provide power to Bethel and eight other communities en route to the Donlin Creek mine. These communities are Bethel, Akiachak, Akiak, Tulusak, Lower/Upper Kalskag, Aniak, Chuathbaluk, and Crooked Creek. Bethel is the largest city along the 191 mile route. The population in Bethel is 5,736, and the population in the other communities range from slightly under 100 residents to over 600 (ADCED, 2003). Crooked Creek is the last community along the route before the transmission line diverts north approximately 12 miles to the proposed Donlin Creek mine. 3.0 ENVIRONMENTAL CONCERNS Office research and agency comments revealed the following environmental concerns. 3.1 LAND USE IMPACTS The feasibility study has identified an alternative that is approximately 190.5 miles in length. Except for a one mile section of the United States Bureau of Land Management (BLM) land and 6.4 miles of State lands, the route traverses private lands that have either been conveyed to the various native corporations or have been selected for conveyance. The design team intentionally routed the transmission line through private lands to avoid crossing Yukon Delta National Wildlife Refuge (NWR) lands and, to the maximum extent possible, state and other federal lands. The proposed project may affect five groups of land owners. These are regional corporations, village corporations, state, federal, and native allotments (Appendix C). The majority of the lands over which the transmission line will be built are owned by private landowners and village corporations. The Kuskokwim Corporation (TKC) owns the majority of the land along the proposed route. The proposed transmission route will also cross native allotments. Two federal groups own land along the proposed route. The BLM manages federal lands and the United States Fish and Wildlife Service (USFWS) manages the Yukon Delta NWR. Michael B. Reardon, Refuge Manager, should be contacted with questions regarding land status and ROW permitting in the refuge (USFWS, 2003a) Secondary transmission lines feeding power to the communities would cross native village corporation and the city lands. No permanent roads will be maintained on the transmission line right-of-way (ROW). The transmission line will require a ROW width of 40 to 50 feet within the Bethel City limits and a 125-foot width for the remainder of the line. Once the transmission line is in operation, the power line will be maintained using a combination of helicopters, boats and tracked vehicles. Frank J. Bettine, P.E., 1117-01 10/13/2003 Bethel Transmission Line Page 5 Landownership consists of surface rights and subsurface rights. This project will affect mainly the surface estate, but some subsurface lands will be affected due to required material sources. Table 1 displays a breakdown of the transmission line and the ownership rights within each segment of the affected lands. Figure 3 displays a map of the individual segments of the proposed transmission line. TABLE 1 BREAKDOWN IN SEGMENTS OF THE PROPOSED ROUTE Segment Length (miles) Accumulated Length (miles) Minimum Elevation (ft) Maximum Elevation (ft) Land Ownership Comments A-B 6 6 24 66 City of Bethel; BNC; Private Parcels; Native Allotments Power Plant 138 kV Step- up Substation at Mile 0.0 B-C 15.9 21.9 13 61 BNC; Akiachak Akiachak Substation at Mile 19.7 C-D 16.0 37.9 19 48 Akiachak; Kokarmiut; Tuluksarmute Akiak Substation at Mile 26.2 D-E 16.6 56.5 39 61 Tuluksarmute Tuluksak Substation Mile 43.4 E-F 15.6 70.1 39 59 Tuluksarmute; TKC & 4.2 mi. TKC Selected F-G 15.5 85.6 36 73 TKC & 2.8 mi. TKC Selected Kalskag Substation at Mile 85.6 G-H 15.3 100.1 59 415 TKC; 11 Native Allotments H-I 16.1 117 83 477 TKC; 10 Native Allotments Aniak Substation at Mile 110.6 I-J 15.8 132.8 87 497 TKC & 1 mi. TKC Selected; 6 Native Allotments Chuathbaluk Substation at Mile 123.4 J-K 13.3 146.1 103 700 TKC & 3.4 mi TKC Selected; 5 Native Allotments K-L 14.4 160.5 124 717 1 mile BLM; 4.2 miles State; TKC L-M 17.0 177.5 161 556 2.1 miles State; TKC; 2 Native Allotments M-N 13.7 191.2 140 947 TKC; 1 Native Allotment Crooked Creek Substation at Mile 177.8; Donlin Creek Mine Substation at Mile 191.2 The following are responses from landowners located within the proposed transmission route. The USFWS indicated that any lands in a NWR that have been selected but not Frank J. Bettine, P.E., 1117-01 10/13/2003 Bethel Transmission Line Page 6 conveyed to a native corporation are managed as any other refuge lands under their jurisdiction. The development on those lands will require a ROW permit. The USFWS Frank J. Bettine, P.E., 1117-01 10/13/2003 Bethel Transmission Line Page 8 stated that a review of the alternatives along with their impacts is necessary to assure that the use of the refuge land is compatible with the mandated purposes of the Yukon Delta NWR. Only the alternative that meets the mandated purposes of the NWR system and would not adversely impact the refuge values would be permitted (USFWS, 2003a). The State of Alaska Department of Natural Resources (ADNR) Division of Mining, Land and Water (DMLW) indicated that an ROW permit would be required to cross state owned lands and any RS 2477 trails (ADNR DMLW, 2003a). The Bethel Native Corporation (BNC) explains that landownership is complicated around the City of Bethel. They explain that there are many private allotments, city owned land, BNC owned land, and Calista owns the subsurface rights (BNC, 2003). Table 2 breaks down the surface and subsurface landownership rights. TABLE 2 LANDOWNERSHIP RIGHTS Owner Surface Rights Subsurface Rights Explanation Calista Regional Corporation Yes Yes Own Both Rights Village Corporations Yes No Calista Owns Subsurface Rights City Lands Yes No Calista Owns Subsurface Rights Native Allotments Yes No Calista Owns Subsurface Rights USFWS Yes Yes Owns Both Rights State Lands Yes Yes Owns Both Rights BLM Yes Yes Owns Both Rights 3.2 WETLANDS The proposed transmission line will parallel the north bank of the Kuskokwim River between Bethel and Crooked Creek. There are many small streams entering the Kuskokwim River from the north. There are swamps, bogs, sloughs and other wetlands in the area. Wetland mapping has not been completed along the project corridor. Therefore, wetland areas will need to be delineated and mapped. All fill material placed on wetlands will require a permit from the United States Army Corps of Engineers (USACE) (USACE, 2003). This includes temporary fills for access roads, boat ramps, and temporary bridges. Most of the impacted wetlands should have negligible or minimal impacts to their overall functions because the overhead lines and support structures will require minimal fill. Mitigation and minimization measures need to be discussed in the permit application. Comments from the USACE are documented in their correspondence located in Appendix B. Frank J. Bettine, P.E., 1117-01 10/13/2003 Bethel Transmission Line Page 9 3.3 NAVIGABLE RIVERS The Kuskokwim River is considered a navigable river. Two other major navigable rivers, the Gweek and Owhat Rivers, will be crossed by the transmission line. Many other small creeks will be crossed that may be classified as navigable. Section 10 of the Rivers and Harbors Act requires a permit for any structures placed within or work performed below the high water mark of a navigable river (USACE, 2003). It is anticipated that all rivers and creeks will be spanned. 3.4 FLOODPLAIN MANAGEMENT The power plant and transmission lines will be located within the Kuskokwim River’s floodplain. Neither the transmission line nor its support towers will restrict flow. Ice flows are common within the Kuskokwim River floodplain. Support towers vulnerable to ice flows and flood events will be engineered to withstand these events. 3.5 THREATENED AND ENDANGERED SPECIES According to the USFWS, there are no threatened or endangered species of plants or animals found to occur within the project area. Three different sources were consulted to make the determination. TPECI consulted Mr. Greg Balogh and Mr. Michael Jimmy of the Yukon Delta NWR (USFWS, 2003b) and (USFWS, 2003c). The USFWS (USFWS, 2003d) and National Marine Fisheries Service (NMFS) (NMFS, 2003a) internet website was used to confirm that there are no threatened or endangered species within the project area. Jeanne Hanson (NMFS) indicated that NMFS did not expect any threatened or endangered species under their jurisdiction (NMFS, 2003a). 3.6 ESSENTIAL FISH HABITAT NMFS considers the Kuskokwim River as Essential Fish Habitat (EFH) under the Magnuson-Stevens Act. Many creeks and rivers located draining into the Kuskokwim River also appear to have EFH. According to the NMFS web pages, the following essential fish species may inhabit these streams: chinook salmon, coho salmon, sockeye salmon, chum salmon, and pink salmon. Over-water work will be necessary to complete the free-span transmission line. Over-water work does not require a permit from NMFS or the Alaska Department of Fish and Game (ADF&G). An EFH assessment will need to be performed to determine what EFH will be impacted and what minimization and mitigation measures will be performed to offset the impacts. The construction of temporary ramps, river access points, small bridges, and river crossings will need EFH assessments to be performed. Once the EFH assessment is complete, the Lead Agency for the NEPA document will send it to NMFS for review. The review process can take up to 60 days to complete. If NMFS agrees with the results and the mitigation they will concur with the assessment enabling the construction effort to proceed. Mitigation may be necessary (NMFS, 2003a). Frank J. Bettine, P.E., 1117-01 10/13/2003 Bethel Transmission Line Page 10 3.7 ANADROMOUS FISH STREAMS A search of the ADF&G “An Atlas to the Catalog of Waters Important to the Spawning, Rearing or Migration of Anadromous Fishes (AWC)” (ADF&G, 2003a) found that the Kuskokwim River is a cataloged anadromous fish stream (335-10-16600). The Kuskokwim River supports sheefish, whitefish and spawning whitefish, chinook salmon, sockeye salmon, coho salmon, chum salmon, and pink salmon. There are other anadromous fish streams in the area but the ADF&G has not catalogued the streams located to the north side of the Kuskokwim River. This does not mean that there are no anadromous fish streams to the north. Mr. Wayne Dolezal (ADF&G) informed us that ADF&G is in the process of cataloguing the streams to the north (ADF&G, 2002b). The work will not be completed by ADF&G because this responsibility has been taken over by the ADNR Office of Habitat Management and Permitting (OHMP). There are no set dates for completion of this task. Any anadromous fish streams that may be impacted within the project area will be reported to ADNR OHMP for approval. ADNR OHMP indicated that they need to know the following information for any work conducted below the Ordinary High Water (OHW) mark. • Location of the stream; • Stream crossing methods; • Type of work occurring in the stream; • Type of transmission lines and supports structures; • Fish species present or utilizing each stream; • Geomorphic characteristics at each site; • Habitat characteristics at each site; and • Methods, locations, and permanency of access to the transmission line during and after construction. If ADNR concurs with the results then the project may proceed (ADNR OHMP, 2003b). 3.8 STATE LANDS/STATE PARKS The ADNR Division of Parks and Outdoor Recreation website and the ADF&G State of Alaska Refuges, Critical Habitat Areas, and Sanctuaries Database (ADF&G, 2003c) were consulted to determine that there are no state parks, refuges, sanctuaries, or critical habitat areas in the area. Mr. John Zimmerly, Park Ranger, with the Alaska State Parks Service confirmed via phone that there are no Alaska State Parks in the subject area (ADNR, 2003d). The response from ADNR DMLW indicated that some of the work will be performed on state lands (ADNR DMLW, 2003e). Appendix C shows the state- owned lands along the project area. Frank J. Bettine, P.E., 1117-01 10/13/2003 Bethel Transmission Line Page 11 3.9 COASTAL ZONE MANAGEMENT A review of the “Coastal Zone Boundaries” atlas found that the proposed project area is within the Coastal Zone Management Area (ADNR ACMP, 2003f). The project affects two Coastal Zone Management Areas; the City of Bethel Coastal Management District, and the Cenaliulriit Coastal Regional Service Area (CRSA). A Coastal Project Questionnaire (CPQ) will need to be completed and sent to the ADNR, Office of Project Management and Permitting (OPMP) for review. The OPMP helps determine the federal permitting requirements for the project. The OPMP will make the determination that the project design is consistent or not consistent with the Alaska Coastal Zone Management Program (ACMP). 3.10 CUMULATIVE AND SECONDARY IMPACTS The USACE and the USFWS stated that they are very concerned about cumulative and secondary impacts (USACE, 2003 & USFWS, 2003a). These agencies have suggested that any environmental analysis and permitting may need to consider the transmission line, the power plant, Crooked Creek airport expansion, mine access road, and Donlin Creek gold mine as the complete project. The proposed power plant and transmission line would supply the power necessary to operate the Donlin Creek Mine. Donlin Creek Mine will consume over 70 percent of the electrical power transmitted along the new power grid. Donlin Creek Mine would utilize Crooked Creek’s airport to supply fuel, cargo, and passengers. The airport will need to be expanded to accommodate large cargo aircraft. A new road would be built to link Donlin Creek Mine with the airport. The close proximity of the mine to the village would generate business within Crooked Creek. Operation of the mine will increase supplies and the number of travelers through Crooked Creek. In the future, the power plant may supply energy for communities away from the primary corridor. It is possible transmission lines would be built to feed communities to the west or north of Bethel to provide a cheaper and cleaner source of power for those communities. The opportunity for cheaper power in some of these other towns could lead to an increase in population in these areas. 3.11 HISTORIC, ARCHITECTURAL, ARCHAEOLOGICAL, AND CULTURAL RESOURCES The State Historic and Preservation Office (SHPO) anticipates that there will be many areas of cultural significance. Once the final transmission line route is chosen cultural surveys may be necessary to determine areas of cultural significance (SHPO, 2003). Frank J. Bettine, P.E., 1117-01 10/13/2003 Bethel Transmission Line Page 12 3.12 CONSTRUCTION IMPACTS The section of the power line between Bethel and Upper Kalskag traverses marshy lowlands composed of fine grain sands and silts that are dotted with numerous small lakes, small streams and sloughs. It is anticipated that this section of the line will be built during the winter months when the ground is frozen and there is sufficient snow cover to protect the vegetation. Terrain along the remainder of the proposed route appears suitable for year-round construction. Construction of the transmission line will require temporary access points from the Kuskokwim River. Special use permits (SUPs) and ROW permits will need to be obtained from the land owners to access and perform construction within the transmission line ROW. Temporary ramps, roads, supply and housing structures will be needed for staging the construction effort for this project. Temporary fill may be placed in wetlands to build ramps and roads for construction of the transmission lines. The fill will be removed after the construction is complete. No permanent roads will be built for maintaining the transmission line. The transmission lines will be maintained via off-road vehicles, boats and helicopters. Trees and undergrowth will be removed from access points and during construction of the transmission lines. Temporary impacts to wildlife are expected during the construction phase of the project. Construction may temporarily disrupt normal wildlife activities. The impacts could temporarily affect subsistence hunting at communities where construction occurs. These impacts are not expected to be long term and should dissipate after the construction phase. Some construction could occur during the winter months utilizing frozen ground or ice-roads. Winter construction efforts would have fewer adverse effects on tundra, birds, fish, wetlands, EFH, and erosion. Water quality impacts may result from the build alternative due to erosion and runoff from construction areas. The contractor will minimize these impacts by implementing Best Management Practices (BMPs) for erosion and pollution control in accordance with the Environmental Protection Agency under the National Pollution Discharge Elimination System (NPDES) General Permit program for Alaska. A Storm water Pollution Prevention Plan (SWPPP) and an Erosion Control Plan (ESCP) will be implemented to minimize water quality impacts during the construction phase. Construction will generate some solid waste. The waste will be disposed of in nearby community landfills or removed off-site to Bethel. Construction methods, locations, and timing concerns are expressed in the agency letters located in Appendix B. 4.0 FEDERAL PROCESS Since it is anticipated that federal money will be used to finance the electrical system, the project must comply with the NEPA. It is anticipated that the proposed power plant and transmission line will be classified as a major federal action that will significantly affect the human environment. 7 CFR 1794.25 states in relevant part, “An EIS will normally Frank J. Bettine, P.E., 1117-01 10/13/2003 Bethel Transmission Line Page 13 be required in connection with proposed actions involving the following types of facilities: (1) New electric generating facilities of more than 50 MW (nameplate rating) other than diesel generators or combustion turbines. All new associated facilities and related electric power lines shall be covered in the EIS …” Therefore, an Environmental Impact Statement (EIS) must be prepared for the transmission line. Agencies responding to the feasibility letter agreed that the proposed project will require an EIS. These agencies also suggested that the Cumulative Impact Section must address the transmission line, power plant, Donlin Creek Mine, the expansion of Crooked Creek Airport, and the construction of the new road between the airport and the mine (USFWS, 2003a & USACE, 2003). A simplified version of the EIS process is as follows: • Determine the Lead agency for the transmission line and Bethel power plant project. The RUS would be the lead agency of choice for this project but it has not agreed to serve as the lead agency ; • The lead agency submits a Notice of Intent (NOI) to the Federal Register; • Complete the Scoping Process (Identify significant issues, translate the issues into the purpose and need for the action, introduce alternatives and non-alternatives, and introduce the impacts); • Develop alternatives; • Prepare a draft EIS; • Notice of Availability 45 day review period; • Hold a public hearing; • Incorporate comments; • Finalize EIS and circulate the final document for 30 days; and • RUS issues a Record of Decision (ROD). A copy of the USDA RUS NEPA policies and regulations are attached in Appendix D. TPECI estimates the entire environmental process to take approximately 2.5 years to complete assuming there are no significant obstacles encountered during the EIS process. Figure 4 displays a simplified version of the NEPA process that federally funded projects must follow. Frank J. Bettine, P.E., 1117-01 10/13/2003 Bethel Transmission Line Page 14 FIGURE 4 NEPA DECISION MAKING FLOWCHART Determine Lead Agency Lead Agency Concurs that an EIS is Required Scoping Final EIS ROD Implement Decision Draft EIS Public and Agency Review NOI in Federal Register Develop Alternatives Frank J. Bettine, P.E., 1117-01 10/13/2003 Bethel Transmission Line Page 15 5.0 COMMENTS FROM AGENCIES, BUSINESSES, AND THE PUBLIC TPECI and Frank J. Bettine, P.E., developed a letter and graphics describing the project and mailed the letter to federal, state, local government agencies, cities, and native corporations. The interested groups were allowed to comment on the project. These comments are summarized below. The letters containing the comments, questions, and concerns are located in Appendix B. 5.1 FEDERAL AGENCIES Three federal agencies replied to the letter. They were the NMFS, the USACE, and the USFWS (Appendix B). Ms. Jeanne L. Hanson, NMFS Field Office Supervisor for Habitat Conservation Division, pointed out that she did not expect the project to affect any Threatened or Endangered Species under their jurisdiction but the project could lead to adverse affects of EFH. An EFH assessment is required (NMFS, 2003a). Two of the agencies, the USACE and the USFWS stated that the project needs to evaluate alternate transmission routes and their impacts. The EIS must include the proposed power plant, Donlin Creek Mine, and infrastructure associated with the Donlin Creek mine project (USACE, 2003 & USFWS, 2003a). The USACE specified if the power plant and transmission line were economically feasible without the mine then they might consider the project separate from the mine project (USACE, 2003). The two agencies also stated that they needed to evaluate the alternate routes and their environmental impacts to determine which alternative has the least adverse environmental impacts. Both agencies also listed permits required under their jurisdiction. The USACE permits are the Section 404 Wetland Fill Permit and the Section 10 Navigable Rivers Permit. These two permits can be combined and applied for as a Section 404/10 Permit. Assuming the power line is routed across lands that have been selected by a village corporation for conveyance, but have not yet been conveyed, a USFWS National Wildlife Refuge ROW permit will also be needed. 5.2 STATE AGENCIES Three divisions of the ADNR replied to the letter describing the proposed project. The SHPO believes an archaeological survey will be necessary for this project. The DMLW acknowledged that the project will require ROW permitting to conduct work on or access state lands for the proposed project. They also mailed a permit application describing the specific information required for their permit review process (ADNR DMLW, 2003e). A copy of the permit application is included in Appendix E. The OHMP’s concerns involve work that will be conducted in and around streams. The OHMP indicated that Fish Habitat Permits will most likely be required depending on line and equipment crossings methods and locations. They indicated that any work below the OHW mark will require these permits. The specific information required for a fish habitat permit is outlined in Frank J. Bettine, P.E., 1117-01 10/13/2003 Bethel Transmission Line Page 16 the letter from the OHMP (ADNR OHMP, 2003b). The letters from the agencies are located in Appendix B. The Alaska Department of Environmental Conservation (ADEC) did not have any comments pertaining to the letter. However, ADEC permitting will be necessary for completion of the project. Permitting will be required during construction of the project and for operating the power plant. The necessary ADEC permits can be found in Table 3. 5.3 CITY AND VILLAGE A wide array of comments and questions were in the responses from the village corporations and the City of Kwethluk. The mayor of the City of Kwethluk expressed his gratitude for the information (Kwethluk, 2003). The mayor desires to comment on the project after the details are outlined in the EIS. Three village corporations and one city responded to the letter. The corporations were the BNC, Kwethluk Incorporated, and Akiachak Limited. The City of Kwethluk was the only city to respond to the letter. The village corporations expressed their acceptance for an environmentally friendly and economic source of electricity for their region. Their main environmental concerns pertained to land use restrictions, subsistence hunting, and wildlife. The village corporations also expressed a desire to review alternate routes and the possibility of an underground transmission line (Kwethluk Incorporated, 2003, Akiachak, 2003 & BNC, 2003). The City of Kwethluk and most of the village corporations also expressed their gratitude for being considered in the early development of the project. BNC’s main concern involved land status impacts. BNC explained that landownership around Bethel is complicated due to the number of landowners (city-owned, corporation, and private). BNC was also concerned about the future location of the power plant because they heard second-hand that one proposed location was on their lands (BNC, 2003). BNC has several environmental concerns pertaining to the proposed project. Their main concern involves health issues associated with a coal-fueled power plant. They also specified their preference for an alternate location of the power plant and transmission line farther away from the city of Bethel and away from the Kuskokwim River (BNC, 2003). The letters are located in Appendix B. 5.4 PRIVATE ORGANIZATIONS The Alaska Village Electric Cooperative, Inc (AVEC) is the current electricity provider for the area. AVEC had very specific questions relating to power line and power plant specifications, tower configuration, conductor size, transformers (AVEC, 2003). AVEC’s response is located in Appendix B. Frank J. Bettine, P.E., 1117-01 10/13/2003 Bethel Transmission Line Page 17 6.0 ANTICIPATED PERMITS Project permits will require detailed design information. Project specifics, alternatives, and work time frames will need to be completed according to permit specifications. It will be helpful to prepare a Coastal Project Questionnaire first to coordinate permit submittals. The project is currently undergoing a feasibility study. Nuvista anticipates the feasibility study will be completed by January 2004. The EIS and location engineering for the 138 kV transmission line are scheduled to begin during the onset of 2004 and would not be completed until the middle of 2006. Detailed engineering will begin in mid-to-late 2004 and would continue into 2006. The project team anticipates completing the environmental work and engineering by the end of 2006. The project team anticipates acquiring all permits by the end of 2007. Construction of the selected power supply alternative and the Bethel to Donlin Creek mine 138 kV transmission line is currently scheduled for 2008-2010. The system is scheduled for full operation by late spring 2010. Table 3 summarizes the potential permits required for this project and the regulatory agencies that approve them. TABLE 3 POTENTIAL PERMITS AND APPROVALS Agency Name Type of Permit/Approval Reason for Permit/Approval Federal Agencies Dept. of Agriculture, RUS Location Approval. Lead Agency approves the NEPA document. Section 404 A Section 404 permit is required for authorization of wetland fills. U.S. Army Corps of Engineers Section 10 A section 10 Permit is required for any work performed in a navigable river below the OHW mark or for any structures placed within a navigable river Endangered Species Protection of endangered and threatened species U. S. Fish and Wildlife Service Refuge Crossing Permit Any transmission lines across wildlife refuges require approval. U. S. National Marine and Fisheries Service Essential Fish Habitat Assessment Minimize impacts to fish habitats. State Agencies ADEC Wastewater General A general permit is for similar situations with standard conditions, such as excavation dewatering, floating and non-permanent shore-based camps. The permit tells what limits must be met, what measures must be taken, which types of discharges are covered by it Alaska Department of Environmental Conservation Food Service A permit must be obtained for permanent, temporary, limited or mobile food service operations serving 11 or more persons per day must. (May apply to construction camp) Frank J. Bettine, P.E., 1117-01 10/13/2003 Bethel Transmission Line Page 18 CONTINUED Certificate of Reasonable Assurance (401 Certificate) ADEC must issue a 401 Certificate to accompany any federal permit issued under the Federal Clean Water Act. For example, a COE Section 404 permit would trigger the need for a state certificate. Title V Air Quality for power plant ADEC must issue an air quality control permit to construct and operate a power plant. Alaska Department of Natural Resources, OHMP. In Cooperation with Alaska Department of Fish & Game (Title AS 41.14.870) “Anadromous Fish Passage” Or (Title AS 41.14.840) “Fish Passage” A General Waterway/Water body Application must be submitted if heavy equipment usage or construction activities disturb fish habitat and anadromous fish habitats. These permits also stipulate how stream water withdrawals may be conducted. Or The above information dealing with only non- anadromous fish passage. Alaska Department of Natural Resources, OPMP Coastal Project Questionnaire A project application that is filled out to help determine what state and federal permitting is necessary to proceed with a project located within the Coastal Zone Management Area. Temporary Water Use This permit is required if water withdrawals will occur during construction. The permit lasts for the length of a temporary project. Alaska Department of Natural Resources, DMLW Materials Sale & Mining Plan Purchase of required materials from state lands. Land Use A land use permit is required for use of state lands along the proposed ROW. Alaska Department of Natural Resources, DMLW ROW A ROW is required for construction of transmission lines or other improvements that cross state lands. Alaska Department of Natural Resources, SHPO Cultural Resource Concurrence Section 106 Review For any federally permitted, licensed, or funded project, the SHPO must concur that cultural resources would not be adversely impacted, or that proper methods would be used to minimize or mitigate impacts that would take place. Alaska Department of Transportation and Public Facilities Utility Permit on State ROW Required before construction on DOT&PF managed state lands or for structures crossing DOT&PF ROWs. City of Bethel Planning Department Building Permission is required to build transmission lines across City land. Calista Corporation Land Department ROW Administrative approval for crossing Calista Lands. Village Approvals Akiachak, Akiak, Tulusak, Lower/Upper Kalskag, Aniak, Chuathbaluk, and Crooked Creek ROW and Easements Village corporations and councils issue permission for utility crossings of village lands. Private Individuals ROW and Easements Permission is required to build transmission lines across private lands unless ROW is secured eminent domain process. Frank J. Bettine, P.E., 1117-01 10/13/2003 Bethel Transmission Line Page 19 7.0 CONCLUSIONS Preliminary research was performed by contacting agencies, researching publications and internet web sites, and reviewing comments. The following summarizes information collected for the project. 7.1 PRELIMINARY RESEARCH Preliminary research concluded the following environmental consequences pertaining to the proposed power plant and transmission lines: • Review of the ADF&G publication “State of Alaska Refuges, Critical Habitat Areas, and Sanctuaries” found that there are no State Refuges, Critical Habitat Areas, or Sanctuaries in the project vicinity; • The ADNR Division of Parks and Outdoor Recreation “Individual State Park Units in Alaska” was reviewed and it was found that there are no State Parks in the proposed project vicinity. There are state appropriated lands along the proposed alignment; • Review of the “Coastal Zone Boundaries” atlas found that the proposed project area is within the Coastal Management Area. The project affects two Coastal Zones; the City of Bethel Coastal Management District, and the Cenaliulriit CRSA. A CPQ will need to be filled out and submitted to the OPMP; • Research through NMFS and USF&WS revealed that there are no threatened or endangered species existing in the vicinity of the proposed project area. TPECI also contacted two USF&WS representatives to confirm; • The Kuskokwim River is considered EFH. Several creeks and rivers draining into the Kuskokwim River also appear to have EFH. According to the NMFS & the USF&WS web pages, the following essential fish species may inhabit these streams: chinook salmon, coho salmon, sockeye salmon, chum salmon, and pink salmon. At this stage of design, it has been determined that over-water work will be necessary to complete the transmission line. The construction of temporary ramps, river access points, small bridges, and river crossings will need EFH assessments to be performed; • A search of the ADF&G “An Atlas to the Catalog of Waters Important to the Spawning, Rearing or Migration of Anadromous Fishes (AWC)” found that the Kuskokwim River is a cataloged anadromous fish stream (335-10-16600). There are other anadromous fish streams in the area but the ADF&G have not catalogued the streams located to the north side of the Kuskokwim River. The Kuskokwim River supports sheefish, whitefish and spawning whitefish, chinook salmon, sockeye salmon, coho salmon, chum salmon, and pink salmon; and • Research of the USF&WS web site indicates that approximately 7 miles of the preliminary power line routing would cross lands, within the Yukon Delta NWR, that have been selected by TKC but have yet to be conveyed. 7.2 RESPONSES TO LETTER Letters received from agencies, cities, villages and from AVEC raised several general issues. General comments regarding these issues are as follows: Frank J. Bettine, P.E., 1117-01 10/13/2003 Bethel Transmission Line Page 20 • Construction of the transmission line may require an EIS that evaluates the proposed transmission line, power plant, Donlin Creek Mine and access road, and the Crooked Creek runway extension project; • The EIS will also require a discussion of alternate routes and associated impacts; • Construction of the proposed power plant may require purchasing or leasing lands owned by the BNC and private individuals; • Construction of the proposed transmission lines will require ROWs across native lands, private lands, state and federal lands; and • The transmission line will require many different permits for its completion (Table 3). The project alternatives and their specifics need to be determined after the feasibility report is completed. Each specific alternative will need to be outlined explaining a detailed route, landownership, environmental impacts, mitigation and minimization techniques, time schedules, and reasoning behind the Proposed Action. 8.0 REFERENCES ADCED, 2003. Alaska Department of Community and Economic Development, Community Database, Database available at http://www.dced.state.ak.us May 2003. ADF&G, 2003a. Alaska Department of Fish and Game, Publications Database, Anadromous Waters Catalog and Atlas, Database available at http://www.habitat.adfg.state.ak.us/geninfo/anadcat/anadcat.shtml May 2003. ADF&G, 2003b. Alaska Department of Fish and Game, Mr. Wayne Dolezal, personal communication, February 12, 2003. ADF&G, 2003c. Alaska Department of Fish and Game, State of Alaska Refuges, Critical Habitat Areas, and Sanctuaries Database, Database available at http://www.state.ak.us/adfg/adfghome.htm May 2003. ADNR DMLW, 2003a. State of Alaska Department of Natural Resources, Division of Mining, Land and Water, Ms. Mary Jane Sutliff, letter, April 15, 2003. ADNR OHMP, 2003b. State of Alaska Department of Natural Resources, Office of Habitat Management and Permitting, Mr. Edward Weiss and Ms. Robin Willis, letter, May 21, 2003. ADNR State Parks, 2003c. State of Alaska Department of Natural Resources, State Parks Database, Database available at http://www.dnr.state.ak.us/parks/units/index.htm May, 2003. ADNR, 2003d. State of Alaska Department of Natural Resources, Division of Parks and Outdoor Recreation, Mr. John Zimmerly, phone conversation, March 11, 2003. Frank J. Bettine, P.E., 1117-01 10/13/2003 Bethel Transmission Line Page 21 ADNR DMLW, 2003e. State of Alaska Department of Natural Resources, Division of Mining, Land and Water, Ms. Mary Jane Sutliff, letter, May 8, 2003. ADNR ACMP, 2003f. State of Alaska Department of Natural Resources, Alaska Coastal Management Program Database, Database available at http://www.gov.state.ak.us/dgc/Explore/Tournw.htm May 2003. Akiachak Limited, Mr. Willie Kasayulie, letter, April 25, 2003. AVEC, 2003. Alaska Village Electric Cooperative, Inc., Ms. Meera Kohler, letter, April 21, 2003. BNC, 2003. The Bethel Native Corporation, Mr. Marc D. Stemp, letter, April 21, 2003. Kwethluk, 2003. City of Kwethluk, Mr. Boris L. Epchook, letter, April 8, 2003. Kwethluk Incorporated, 2003. Mr. George Guy, letter, April 30, 2003. NMFS, 2003a. National Marine Fisheries Service, Ms. Jeanne Hanson, e-mail, April 15, 2003. NMFS, 2003b. National Marine Fisheries Service, Endangered and Threatened Species Database, Database available at http://www.fakr.noaa.gov/protectedresources/default.htm May, 2003. SHPO, 2003. State of Alaska Department of Natural Resources, State Historical Preservation Office, Ms. Julie Raymond-Yakoubian, e-mail, April 10, 2003. USACE, 2003. Department of Army, United States Army Corps of Engineers, Ms. Mary Leykom, letter, April 28, 2003. USFWS, 2003a. United States Fish and Wildlife Service, Ms. Ann G. Rappoport, letter, May 7, 2003. USFWS, 2003b. United States Fish and Wildlife Service, Yukon Delta National Wildlife Refuge, Mr. Greg Balogh, phone conversation, June 17, 2003. USFWS, 2003c. United States Fish and Wildlife Service, Yukon Delta National Wildlife Refuge, Mr. Michael Jimmy, phone conversation, March 17, 2003. USFWS, 2003d. United States Fish and Wildlife Service, Endangered Species Database, Database available at http://www.r7.fws.gov/es/te.cfm May 2003. APPENDIX A MAaING LIST AND SAMPLE LETTER 712/2003 Pagel Frank J. Bettine, P.E., 1117-01 Bethel Power Plant & Tranani~aOD Line April 3, 2003 Re: Bethel Transmission Line Project Number: 1117-01 Subject: Bethel Power Plant & Transmission Line <Title> <First Name> <Last Name> <lob Title> <Company> <Address> <City> <State> <Zip Code> Dear <Title> <Last Name> Nuvista Light & Power, Co., (Nuvista) initiated a feasibility study to construct a 138 kV transmission line from Bethel, Alaska to the proposed Donlin Creek gold mine project, located north of Crooked Creek. Nuvista is a non-profit corporation recently formed by Calista Corporation to serve as a regional generation and transmission utility. The transmission line would be located along the northern bank of the Kuskokwim River. The power line would provide electricity to the proposed Donlin Creek mine project and the community of Bethel, and in due course the villages of Akiachak, Akiak, Tulusak, Lower/Upper Kalskag, Aniak, Chuathbaluk, and Crooked Creek. The goal of this project is to develop a more economical and environmentally friendly long-term source of electrical power for the Calista region as well as to provide power to the Donlin Creek mine project. Nuvista retained the services of Frank J. Bettine, P.E., Esq. as the project consultant. Mr. Bettine subcontracted with Travis/Peterson Environmental Consulting, Inc. (TPECI) to develop an environmental overview and determine the land ownership status. Early identification of environmental concerns associated with 138 kV transmission line will facilitate efficient project development. To ensure that all possible factors are considered in the design of the proposed project, Nuvista is requesting agency and public comments and recommendations. Your agency's input at this time is important to this project. Location and Description Bethel is located at the mouth of the Kuskokwim River, 40 miles inland from the Bering Sea, and 400 air miles west of Anchorage. It lies at approximately 60.792220 North Latitude and 161.755830 West Longitude (Sec. 09, T008N, R071W, Seward Meridian.) (DCED, 2002) (Figure 1). Donlin Creek Mine, the final destination of the 138 kV transmission line, is located approximately 12 miles north of Crooked Creek. Neither Bethel nor the other communities along the transmission route are connected via a road system. Crooked 7M311:l9AM 7/2/2003 Page2 Frank J. Bettine, P.E., 1117-01 Bethel Power Plant &; Transmission Line Creek lies on the north bank of the Kuskokwim River within the Kilbuk-Kuskokwim Mountains, 141 miles northeast of Bethel and 275 miles west of Anchorage. It lies at approximately 62.012050° North Latitude and 158.197033° West Longitude. (Sec. 32, T021N, R048W, Seward Meridian) (Figure 1). Calista Corporation and its associated village corporations own the majority of the lands along the proposed 138 kV transmission line corridor. A number of private native allotments would be affected by the transmission line. Proposed Project The length of the 138 kV transmission line between Bethel and the Donlin Creek mine will be approximately 191 miles. (Figurel). The transmission line will require a right-of- way width of 40-50 feet within the Bethel City limits and a 125-foot width for the remainder of the line. Construction of the transmission line between Bethel and Donlin Creek will require temporary points of access from the Kuskokwim River. Power to supply the community of Bethel, the villages along the power line route and the 70 megawatts of power required by the Donlin Creek gold mine project will come from a large power plant built in Bethel. The proposed site of the power plant and the beginning point of the 138 kV transmission line is located south of Bethel, at the approximate coordinates N60. 770417°, WI61.788667°. ProjKt Schedule The project is currently undergoing a feasibility study. Nuvista anticipates the feasibility study will be completed in November, 2003. The Environmental Impact Statement (EIS) and location engineering are scheduled to begin during the onset of 2004 and would not be completed until March, 2006. Detailed engineering will begin in mid-to-late 2004 and would continue into 2006. The project team anticipates completing the environmental work and engineering by the end of 2006. Construction of the selected power supply alternative and the Bethel to Donlin Creek mine 138 kV transmission line is currently scheduled for 2008-2010. The system is scheduled for full operation by late spring 2010. What We Want from You Over the next 30 days. we would like to get your comments and concerns involving only the 138 kV transmission line. Comments and concerns regarding the proposed power plant at Bethel will be solicited at a later date. Your concerns will be reviewed to help identify new possibilities. issues, and permit requirements. All questions and comments are important. For More Information If you have any questions regarding the project, please contact Michael Travis at (907) 522-4337 or Frank J. Bettine, P.E., Esq, at (907) 336-2335. "'JO'\ 11:19AM 7fl/2OO3 Page 3 Frank J. Bettine. P.E., 1117-01 Bethel Power Plant &; Trnnsmission Line Sincerely, Michael Travis. P .E. President 3305 Arctic Boulevard, Suite #102 Anchorage, Alaska 99503 Enclosed Figure 1 - Location and Vicinity Map, Transmission Route 7M31l:JtAM APPENDIX B PHONE LOG, COMMENTS FROM AGENCIES, BUSINESSES, AND THE PUBLIC n MEETING LOG DATE: February 12,2003 TIME: Afternoon IN A'n'ENDENCE: Mr. Bill Anklewich (TPECI) and Mr. Wayne Dolezal (ADF&G) SUBJECT: Anadromous Fish Stream Catalog Mr. Bill Anklewich of Travis/Peterson Environmental Consulting (TPECI )went to the Alaska Department of Fish and Game (ADF&G) Habitat Division to view the anadromous fish stream catalogs. TPECI spoke briefly with Mr. Wayne Dolezal about catalogued fish streams. Mr. Dolezal stated that none of the streams of the northern bank on the Kuskowim River have been catalogued yet. He informed Mr. Anklewich that this did not mean that they are not anadromous fish streams, only that they haven't had the time to catalog them yet. He told me that they would not be finished with cataloguing them until 2007 or later. He informed Mr. Anklewich that for now they all go by the Kuskokwim River catalog number. TELEPHONE LOG DATE: March 11, 2003 TIME: Unknown FROM: John Zimmerly; ADNR, State Parks and Recreation TO: Michael Travis in place of Bill AnkIewich; Travis/Peterson Environmental Consulting, Inc. SUBJECT: State parks in the Proposed Bethel Kuskokwim Transmission Line Area Ranger John Zimmerly (sp.) left a message with Mr. Travis that there are no state parks in the subject area. The ADNR web site was also consulted and it confirmed this. TELEPHONE LOG DATE: March 12, 2003 TIME: Unknown FROM: Mike Coleman of Federal Energy Regulatory Commission (FERC) (202) 502- 8236 He returned my phone Call TO: Bill Anklewich ofTravis/Peterson Environmental Consulting. Inc (TPECI) SUBJECT: Looking for Lead Agency for Bethel Transmission Line Project Mr. Coleman phoned me in response to a message I left on his phone pertaining to being the lead agency for the project. He informed me that they were not going to be the lead agency because it was not in their jurisdiction. The reasoning behind his FERC siting answer was as follows: . . They do not have authority over electric transmission lines; They do not have authority over intrastate work, only authority involves interstate work; and Only have authority over gas pipeline and hydroelectric interstate power and are the rate authority. . He did infonn me to check with the Alaska power commission. I thanked him for his time and infonnation. TELEPHONE LOG DATE: March 17,2003 TIME: 9:20 am FROM: Bill AnkIewich TO: Nurul Islam SUBJECT: Lookjng for Lead Agency for Bethel Transmission Line Project I phoned Mr. Islam looking for answers pertaining to the lead agency of the proposed project. He asked me questions pertaining to project specifics (kind of power plant, length of transmission lines, and main user of the electricity). I informed him of what we knew at this point, and that TPECI was performing this initial non-specific environmental study and that the rest of the environmental would be bid on in the future. I informed him TPECI was looking at finding out who the Lead Agency would be pertaining to this project, what kind of permitting would be required, and the environmental impacts of the project. He informed me that he didn't know anything about the project and he could not answer if they would be the lead agency. He informed me to determine that he would need to know more about the project. He also informed me of the following: . They may be the main funding agency but may not be the Lead Agency;. They may just be a Cooperating Agency or one of many Cooperating agencies; . He informed me that if the transmission lines are going through federal lands that BLM may want to be the Lead Agency; and . He informed me that other factors may be involved to determine who the Lead Agency would be. I asked him for his address and told him I would send him some information for his review. I thanked him for his time and information. TELEPHONE LOG DATE: March 17, 2003 TIME: 2:05 pm FROM: Bill AnkIewich TO: Michael Jimmy; USF&WS Refuge Info Technician II SUBJECT: Threatened and Endangered Species in the Yukon Delta National Wildlife Refuge I spoke to Mr. TimmY to find out the species of animals and plants that are listed as threatened or endangered in the Yukon Delta National Wildlife Refuge. He informed me the only species listed in the park are the Spectacled Eider, Steller's Eider, and the Emperor Goose. He informed me that these birds only occur near the coastal areas. He told me he did not know of any animals or plants that are threatened or endangered near the Kuskokwim River. I thanked him for the information and double checked it with information found on the internet and Mr. Greg Balogh ofUSF&WS. TELEPHONE LOG DATE: June 17, 2003 TIME: Unknown FROM: Bill Anklewich, Travis/Peterson Environmental Consulting, Inc. TO: Greg Balogh, United States Fish and Wildlife Service SUBJECT: Proposed Kuskokwim Bethel Transmission Line Subject Area Threatened and Endangered Species Mr. Greg Balogh was contacted to reassure that there are no threatened or endangered species of plants or animals in the subject area. He informed me that there are not any threatened or endangered species in the area. I thanked him for his time and information. Mike Travis From: Sent: To: Cc: Subject: Jeanne Hanson [Jeanne.Hanson@noaa.gov] Friday, April 18, 200310:45 AM Mike Travis Lawrence R. Peltz Re: Bethel Power Plant and Transmission Line Then it will be USDA that will make the call whether or not there would be an adverse affect to EFH, and if so do an assessment and consultation. Jeanne Mike Travis wrote: > Good point. So far, it appears that the US Department of Agriculture > will be the lead agency. > > > > > >- > > > Original Message From: Jeanne Hanson [mailto:Jeanne.Hanson@noaa.gov] Sent: Wed 4/16/2003 10:56 AM To: Mike Travis Cc: Lawrence R. Peltz Subject: Re: Bethel Power Plant and Transmission Line The question will be who is the Federal Action Agency for :> > > this? > > > > > Thank you, Jeanne, for your timely response. We will be coordinating closely with NMFS as-the project progresses. > > > > Sincerely, > > > > Michael Travis > > > >. > > > '- Mike Travis wrote: , > > > > > > > ~---Original Message--- From: Jeanne Hanson [mailto:Jeanne.Hanson@noaa.gov] Sent: Tue 4/15/20033:48 PM To: Mike Travis Cc: Lawrence R. Peltz Subjec~: Bethel Power Plant and Transmission Line > > Dear Michael, > > > ;> > > NOAA Fisheries (National Marine Fisheries Service) received your inquiry 1 > > > > > > > > > > > > > > > requesting agency comments and recommendations on a proposed transmission line from Bethel to the Donlin Creek gold mine project. NOAA Fisheries is charged with protection of living marine resources including Essential Fish Habitat (EFH), marine m8n1mals and the administration of the Endangered Species Act as it applies to certain cetaceans and pinnipeds in Alaska. From the information you provided, we do not expect these marine mammals to be affected by your proposed activity. NOAA Fisheries' primary concern for this project will be the possibility of adverse impacts to EFH for salmon in the Yukon River and all tributaries within the project boundaries. > > > > > > > > > > > > >- > > > > > > The trigger for EFH consultation is a Federal action agency's detemrination that an action may adversely affect EFH. If a Federal action agency detennines that an action will not adversely affect EFH~ no consultation is required, and the Federal action agency is not required to contact NMFS. > > > Should there be an adverse affect detennination consultation will be necessary, and the Federal action agency will be required to submit an EFH assessment. Once an assessment is received by NOAA Fisheries, the Habitat Conservation Division will then review and offer conservation recommendations, if any, to the action agency to protect EFH.;> ;> > > > > ~ :> We have established an EFH area on our Internet site http:/www.fakr@noaa.gov, Habitat Conservation. This site includes the EFH Environmental Assessment, EFH Habitat Assessment Reports, EFH data sets, EFH maps and an EFH search for species by latitude/longitude tool. We continue to expand this site and hope the EFH information will assist your review. > > > > > > > > > > :>- > > Any action that may adversely affect EFH should include an EFH assessment in either a separate document or clearly referenced in a support documentt such as an environmental assessment for the project. An EFH assessment is outlined in 50 CFR Part 600.920 (g) and includes the mandatory contents: (i) a description of the proposed actiont (ii) an analysis of the effects on EFHt (iii) the agencies views regarding the effects of the action on EFHt and (iv) proposed mitigation. These contents will be included in some form of your assessmentt presumably the EIS mentioned in your letter. However t a clearly referenced EFH assessment will satisfy the requirements of the provisions regarding EFH within the administration of the Magnuson Stevens Act (16 U.S.C. 1801 et seq.). > > > > > > > > > > > >> > > > > :> > > Please contact Larry Peltz, 271-1332, the NMFS biologist for your area, if you need further assistance with your request.> > )0 > > > Jeanne L. Hanson Field Office Supervisor for Habitat Conservation Division 2 United States Department of the Interior FISH AND WILDUFE SERVICE Anchorage Fish &; Wildlife Field Office 60S West 4* Avenue, Room 0-61 Anchorage, Alaska 99S01-2249 MAY - 7 3m IN REPLY REFER 1'0: AFWFO Mr. Michael Travis Travis/Peterson Environmental Consulting 3305 Arctic Boulevard, Suite 102 Anchorage, Alaska 99503 Re: Bethel Power Plant and Transmission Line Dear Mr. Travis, The U.S. Fish and Wildlife Service (Service) has reviewed your April 3, 2003, letter requesting identification of concerns related to a potential 13 8 k V transmission line from Bethel to the proposed Donlin Creek gold mine project. The project is currently undergoing a feasibility study scheduled for completion in November 2003. The Environmenta\lmpsct,Statement and location engineering are scheduled to begin in 2004 and to be completed in 2006. Construction is currently scheduled for 2008 to 2010. The transmission line would be approximately 191 miles long, and outside the Bethel city limits would require a 125-foot wide right-of-way. Construction of the transmission line would require temporary points of access from the Kuskokwim River. The project would require construction of a power plant in Bethel. The Service provided comments on an earlier study (letter dated July 9,2002 from Michael B. Rearden to Frank J. Bettine), and those comments are still valid. In that letter, the Service made several points, several of which are reiterated here. First, lands within a National Wildlife Refuge which have been selected but not conveyed to a Native corporation are managed as any other refuge land, and any development on such lands would require a right-of.way permit. The Service also commented that in making a decision on a right-of-way permit, we would look at the existence of feasible and prudent alternatives which would not impact refuge values. These may encompass alternative power line routes as well as alternative modes of meeting regional power needs. Finally, no refuge use may be allowed unless it is compatible with the purposes for which the refuge was established and with the purposes of the refuge system as a whole. Thus, the compatibility standard is not only a decision factor under Title XI of ANll.,CA, it is a specific requirement of ANll.,CA. The Service believ~ that the entire scope of the project should be comprehensively evaluated as is required under NEP A, including direst, indirect, and cumulative project impacts. This includes not only ~ aspects of the transmission line including alternative routes, but also the Mr. Michael Travis Page 2 power plant and other power generation alternatives, the Donlin Creek mine, the road to the mine, and secondary power distribution to Yukon Delta and Kuskokwim River villages. Specific issues which should be addressed in the feasibility study include: 1 An assessment of the costs and schedule necessary for preparation of an environmental impact statement to obtain a right-of-way permit for construction of the transmission line within the Yukon Delta National Wildlife Refuge. 2.Potential impacts of all project features, including the transmission line and towers, on migratory birds. 3.Potential impacts of all project features, including the trangmission line and towers on fish and wildlife populations and habitat, and subsistence activities. 4.Construction timing and methods to minimize impacts to fish, wildlife, habitat, and subsistence activities. 5 Construction access points along the Kuskokwim River and the need for and location of construction camps. 6.Stream crossing methods and buffer strip retention. 7.Fuel transportation, storage and spill prevention plans. 8 Raptor nest surveys along the Kuskokwim River. 9.Presence of endangered species and the potential for adverse impacts on those species. 10,Requirements for development (wetland fills) to support transmission line construction and an assessment of potential development in the villages should power be made available. 11 Methods to mitigate all adverse impacts on the environment. Page 3Mr. Michael Travis If you have any qt;}estions concerning these comments please contact Phil Brna of our project planning staffat (907) 271-2440 or by email at phil bma@fws.gov. Questions regarding land status and right-of-way pem1itting within the Yukon Delta National Wildlife Refuge should be addressed to Michael B. Rearden, Refuge Manager at (907) 543-3151or by emai1 at michael_rearden@fws.gov. Sincerely, 0--1~~.J-- Ann G. Rappoport Field Supervisor cc:M. Rearden, Yukon Delta NWR, USFWS S. Shuck, Realty, USFWS K. Laing, Migratory Bird Management, USFWS E. Weiss, ADF&G M. Leykom, COE T:\Phil_Bma\Miao Projedl\Betbbl1o DonlinN2.doo DEPARTMENT OF THE ARMY U.S. ARMY ENGINEER DISTRICT, ALASKA P.O. BOX 6898 ELMENDORF AFB, ALASKA 99506-6898 -'Y'YO~..-a.T- OP: Regulatory Branch North Section .9-2003-0375 APRIl! 2 8 2003 Mr. Michael Travis, P.E. Travis/Peterson Consulting, Inc 3305 Arctic Blvd., Suite 102 Anchorage, AK 99503 Travi8:Dear Mr This is in regard to your April 3, 2003, request for comments and concerns relating to a proposed 138 kV transmission line to be constructed from Bethel, Alaska to the Donlin Creek Mine north of the village of Crooked Creek. Complex issues surround the scope of this project and will need to be clarified prior to beginning work on the environmental document and Department of the Army (DA) permitting. The scope of analysis for this project will necessarily include the construction of the proposed power plant or alternative power generation source. It appears that the Donlin Creek Mine may be an integral part of the project as well. If so, the transmission line and power generating facility would need to be evaluated in NEPA documents supporting the mine project. If the transmission line/Bethel power generation facility is an independent project, i.e. it is an economically viable project obviate of the mine, then we may consider the project separately from the mine project. Required DA permits would include a Section 404 permit for the disposal of dredged or fill material in waters of the u.s. including wetlands. The Kuskokwim River is navigable and consequently any structures placed in, or work conducted below the ordinary high water mark of the Kuskokwim River, would require a Section 10 permit. Additional issues which would concern us include: the applicant's evaluation of alternative transmission line routes in an effort to avoid adverse impacts; potential impacts of-the power lines and towers to bird migration routes and air traffic routes; infrastructure requirements in the individual villages connected to the transmission line; proximity of the overhead lines and support tower. to village airports; access to the project facilities in areas not on existing roads; and construction methods and timing. Thank you for the opportunity to become involved early in the project genesis. If copies of the preliminary feasibility study for this project are still available, please send me one with your next correspondence. If you have questiQns concerning this letter, please contact me at 753-2716. /'Vt ~ Mary Regulatory Specialist FRANK 1(; MURKOWSKf GOVERNOR DEPARTMENT OF NATURAL RESOURCES DIVISION OF MINING, LAND AND WATER SOUTHCENTRAL REGION LAND OFFICE 550 W. 7TH AVE., SUtTE ~ NoK:;OORA.GE, ALASKA. 99501-3577 April 15, 2003 Michael D. Travis P.E. President Travis! Peterson Environmental Consulting, Inc. 3305 Arctic Boulevard Anchorage, Alaska 99503 Re: Bethel Power Plant & Transmission Line Dear Mr. Travis, Thank you for the notification of your proposed transmission line in the Bethel to Donlin Creek Mine area. Because of the scale of the map we are unable to determine, with accuracy, which state lands are involved. We have reviewed an overview of the area covered by the project and it appears that the route traverses several RS 2477 trails, some airports and the Kuskokwim River. This information may not be accurate. Could you please submit a map of the project that accurately and specifically describes its location. We would appreciate a legal description of the lands involved by providing an accurate map and list the land descriptions according to Township, Range, Meridian and Section. This infonnation is available at State Department of Natural Resources Public Room. Once we receive the infonnation we will be in a better position to detennine if an application for a right of way on state lands is appropriate. If you have any questions regarding this request please contact me at 269-8564. We look forward to working with you to secure the appropriate state authorization for your project. Sincerely, ldt/& L)£- /1R \d:l~1 Ma:vi~e Sutl~- lIT Natural Resource Specialist "Develop, Conserve and Enhance Natural Resources for Present and Future Alaskans" FRANK 17': MURKOWSKI GOVERNOR DEPARTMENT OF NATURAL RESOURCES DIVISION OF MINING, LAND AND WA TER SOUTHCENTRAL REGION LAND OFFICE 550 W. 7TH AVE., SUfTE 9OOC ANCt-K>RAGE. ALASKA 9950 1.3577 William Anklewich Staff Scientist Travis/Peterson Environmental Consulting, Inc. 3305 Arctic Boulevard Anchorage, Alaska 99503 May 8, 2003 Re: Bethel Power Plant and Transmission Line Dear Mr. Anklewich, Thank you for providing the status maps for the Bethel Power Plant and Transmission Line Project. When State lands are involved, as in this case, there needs to be an application for a right of way. I have enclosed an application form that can be submitted to the following address along with the application fee: Public Infonnation Center Department of Natural Resources 550 West 7th Avenue Suite 1260 Anchorage, Alaska 99501-3557 (907) 269-8400 Thank you for your prompt response to my request for information. If you have any questions please call me at 269-8564. Sincerely " ~ 'A/U 1._J P~" Mary /a;l Sutliff Natural Resource Specialist "Develop, Conserve and Enhance Natural Resources for Present and Future Alaskans" IK\~ May 21, 2003 Michael Travis, P .E. Travis/Peterson Environmental Consulting, Inc. 3305 Arctic Boulevard, Suite 102 Anchorage, AK 99503 Dear Mr. Travis: The Alaska Department ofFish and Game (ADF&G) and the Alaska Department of Natural Resources, Office of Habitat Management and Permitting (DNR/OHMP) has received your request to provide scoping comments on the proposed electrical tran~ssion line between Bethel, Alaska and the Donlin Creek Mine. The information provided was rather general, however, some concerns are evident from what was provided. Once full plans are developed, the ADF&G and OHMP would also like to review those for potential concerns. Based on a review of the information provided, we have the following comments. O~ Fish Habitat Permits will most likely be required for the project, dependent on transmission line crossing methods and equipment crossing methods and locations. In order to fully evaluate the permitting needs and provide meaningful input, the OHMP and ADF&G will need more information on the project. Initially, the location and methods for equipment and ~~qgion line crossing for each stream crossed by the 11'an--qrnission line will be needed. If the crossings or construction methods involve any work below the Ordinary High Water (OHW) mark of the stream or water body, then these additional data are needed. Type of work occurring in the stream Fish species present or utilizing each stream Geomorphologic characteristics at each site Habitat characteristics at each site . . . . Another issue will be access to the line both during and after construction. Your letter mentions use of access pointS from the Kuskokwim River. Information on ~ese sites, and on any access road along the length of the line, will be needed. The projected use and permanency of these roads and access sites will be needed in -addition to the information requested above. The type of transmission line (aerial, underground, etc.) and the methods for construction will also affect other fish and wildlife concerns such as interference with migrations, bird strikes, etc. "Develop, Conserve, and Enhance Natural Resourcesfo1' Present and Future Alaskans. " 2Michael Travis, P .E.May 21,2003 We appreciate the opportunity to comment. Once plans start to solidify more, we would be available for a meeting to discuss concerns and options. For your information, projects of this nature in Western Alaska formerly reviewed by the ADF&G, Habitat & Restoration Division, will now be reviewed by the ADF&G in Anchorage and the new OHMP in Fairbanks. In the future, you can contact Robin Willis at ADF&G (907)-267-2329 for comments related to the ADF&G fish and wildlife concerns. You can contact Mac McLean (907)-459-7281 with the /OHMP regarding comments related to fish habitat and permitting at stream crossings along the route. SincerelYt Dick Lefebvre, Deputy Commissioner t~..Qj vJ. tJ(,...: - Edward W. Weiss Habitat Biologist Anchorage Area Office ed- weiss@adnr.state.ak.us r~ tA)~Q.L.~ ~ Robin Willis Habitat Biologist ADF&G TObin - willis@:fishgame.state.ak. us cc:A. Rappoport, USFWS J. Hanso~ NMFS T. Ward, ADF&G/CF/Betbel C. Whitmore, ADF&G/SF/Bethel J. Oscar, Cefialiulriit CRSA J. Hooper, AVCP M. Mc~ ADNR R. Willis, ADF&G/WC/Anchorage R. Seavoy, ADF&G/WC/Bethel Bill Anklewich Mike Travis Thursday, April 10, 200311:23AM Bill Anklewich FW: Bethel Transmission Line From: Sent: To: Subject ~ cw for ~Ie Raymond- Y akoii . Oriqinal Messaqe From: Julie Raymond-Yakoublan [mailto:jullery@dnr.state.ak.us] Sent: Thursday, April 10, 2003 10:52 AM To: Mike Travis Subject: Bethel Transmission Line Michael, ~ I mentioned in our telephone conversation earlier today, with a project the size of the proposed transmission line, it is likely that large areas will require archaeological survey. Therefore, it would be wise, as you noted, to include the likelihood of archaeological survey work in the budget planning process. At this time our office is .. unable to give any more specific details regarding the scope or nature of such a survey. Thanks! Julie Raymond-Yakoubian 1 April 21, 2003 Travis/Peterson Environmental Consulting, Inc. 3305 Arctic Boulevard, Suite 102 Anchorage, Alaska 99503 Re: Bethel Power Plant & Transmission Une Dear Mr. Travis, Bethel Native Corporation (BNC) is in receipt of your letter of April 2, 2003, requesting our comments and concerns on the proposed project to install a 138kV electric transmission line from Bethel to the proposed Donlin Creek mine project. BNC's land Committee met on April 12, 2003 and had an opportunity to review your letter. We understand that the transmission line will run for 191 miles from Bethel to Donlin Creek, and will require a right-of-way width of 40-50 feet within Bethel City limits and a 125-foot wide width for the remainder of the line. This project is currently undergoing a feasibility study, which is expected to be completed in November 2003. The land status around Bethel is complicated the existence of numerous land holders, induding BNC (surface), Calista (subsurface) Native Allottees, the City of Bethel, and other private land owners. The map provided did not include detailed land status information and it was difficult for the land Committee members to comment on the transmission line route or determine what impad the line would have on BNC lands. It is evident, due to the land status around Bethel, that site control to acquire the right-of- way for the transmission line will be complicated by having to obtain permits from private land holders who own land under ANCSA, and those who own land in a restrided status. We did note that the transmission line followed sedion lines. Is there a reason for this? Will this power line be construded above ground? We would also like to obtain a more detailed map to assist the land Committee in understanding what impacts the transmission line will have on BNC lands. Additionally, we would like to inform you that permission would be needed from BNC to perform any studies or environmental work on our land. Your request must be made in writing to BNC and be accompanied by a filing fee of $50.00. The Land Committee understands that there will be a power plant, but that the location and other SpedflCS are not known, other than the plant wjll be located somewhere south of Bethel. One of our Land Committee members was present at a recent Bethel Chamber of Commerce meeting in which it was reported that the power plant would be located somewhere on BNC's lands. BNC was never contaded nor informed that their land would be used prior to it becoming public knowledge. We reproadl the lad< of courtesy given to BNC, .and request that we are kept in the loop on any and all issues that involve BNC land. BNC has environmental concerns and because we lack adequate information regarding this project, it is impossible for us to support the project. Other questions raised by our Land Committee include: What kind of power plant will be established and how much land will be required for its development? We have heard rumors that it will be fueled by coal. We have concerns that burning coal is not healthy for the people, animals, and the tundra. Who will monitor its operation? Our rough estimates of the location places it near traditional subsistence and established fish camps. What other options have Nuvista considered for the location of the transmission line? Have they considered placing it on the other side of the mountain? In closing, BNC needs more information up front and would like to be informed about the process and plans about the project as it progresses. We are unable to comment on the location of the line given the lack of detailed information on the map. We thank you for this opportunity to comment. Sincerely, -~.~~=- ~ ./~- Marc D. Ster1l"p President/CEO AKIA CHAK LIMITED Post Office Box 51010 Akiachak, Alaska 99551 (907) 825-4328 Fax # (907) 825-4115 2S April 2003 Mr. Michael Travis, P .E. President 3305 Arctic Boulevard, Suite #102 Anchorage, Alaska 99503 Bethel Transmission Line Project Number: 111701 Re: Dear Mr. Travis, Per Board of Director directive I am responding to your request for comments regarding the Bethel Power Plant and Transmission Line, letter dated April 3, 2003. The Akiachak Limited Board of Directors met on April 11th, 2003, and reviewed and discussed your letter. Generally, we are supportive of the efforts of the Nuvista Light & Power Company (Nuvista) to provide low cost electricity to the villages along the Kuskokwim River in light of the high cost of generating our community with fossil fuel system. The Board realizes that Nuvista will go on the corporate lands during the course of the construction of a 138 kV transmission line from Bethel to the Donlin Mine site, basically on the north side of the Kuskokwim River. The Board does not object to this endeavor. There are several questions the Board would like some answers to regarding the proposed route and the possible impacts to our shareholder activities on corporate lands. They are: 1. 2. 3, Is the project intent to construct a road on the length of the right- of-way to maintain the power line? Are there going to be any restrictions for shareholders to conduct subsistence activities along the right-of-way? \Yhat type of restrictions and/or protections are there for Akiachak Limited when the transmission line crosses the Oweek River? What type of restrictions and/or protections are there for Akiachak Limited when the transmission line crosses corporate lands? .4. There may be other comments and questions in the future. but these are the primary issues of concern to the Board of Directors. We would like to be kept infonned and be involved during the course of the project. I thank you for allowing us to make our comments regarding the project. Sincerely, AKlACHAK LIMITED ~~~~f Wiliie~KasaYu1te President & CEO P. O. Box 110 Kwethluk, Alaska 99621 Phone: (907) 757-6613,' Fax: (907) 757-6212 Apri130.2003 Michael Travis, P .E. President Travis/PeteI'sm1 Environmmtal Consulting, Inc. 3305 Arctic Boulevard, Suite 102 Anchorage, AK 99503 Re: Transmission Line from Bethel to D<X1lin Creek Dear Mr. Travis, P .E. The r~ipt and invitation of YOm'S for comments and/or recommendations dated April 3. 2003 is acknowledged. thank you. The developmmt of an "ecoo<Xnical and mvironmmtally frimdly" electric p<JWel' soun:e in the Calista! Association of Village COWlcil President region will be most welcome if: (1) Ecmlomically, electricity use costs will definitely be lowered to acceptable leveVs for all commercial, educational, and private customers. (2) Environmentally friendly goal and objectives should apply in all of the development phases of the electric transmission line project. There is no doubt that various subsistence hunting, fishing, and b'apping areas could be disturbed rendering th~ less/non-productive places. To minimiwmitigate such ~ible mvironmmtal impacts to the Kuskokwim River watershed and including all its north side triOOtaries watersheds should undergo individual careful review in their respective "crossing areas" (of the transmission line) for preventioo of m- mitigation of riverbank m- stream bank U"~ioos. It must be clearly understood that all these watershed areas are important parts of the entire breadbasket of the Kuskokwim RivU" area villages which and whose respective residents are highly dependent on renewable natural resources. (3) Perhaps, as a thought, the transmission lines rights of way could be designed to run on the southcr-n edges, as appropriate, of the tundra north of the Kuskokwim River. In the hill or mountain areas, the transmission lines design shoold provide for maximum pr~OD, including ~ible a1hancemmts, of fish and game habitat. (4) To keep reduced high wires aa-ial cluttering particularly in the vicinities of the villages referred to East ofBethei, the possible applicability of single wire ground return and electric line such as exists between Bethel and Napakiak should be given some review or study. The affected village residents should be consulted fm- their view points and thoughts for the most acceptable rights of way design to their village. This conception, development, and implementation of the transmission line will change the landscape to pe!'petuity that makes it of utmost importance for extra diligent selection of rights of way routes. In additioo, diligmt selectioos may lead to "ownership" relevancy, pride and acceptability of the proposed project. I thank you for the opportunity to present. Sincerely, Kwethluk, Inc0rp<M'8ted ..,.:q.~7 I?-~_- G~ge Guy, Business Manager GO/amo cc: file PAGE 81CITY CF K\I£TH..lI<751&49114:2904/08/2003 City of KwClhluk 11. K W8thluk Street P.O. Box'O K w.cIIIuk, AI8Sk8 99621 Telephone (9(T1) ",.6022 PAX (907) 751.6497 April 8. 2003 Mr. Michael D. Travis. P. E. Travis/Peterson Environmental Consulting. Inc. 330S Arctic BouJevard Anchorage. Alaska 99503 Subject: Letter'dated April 3. 2003 Bethel Transmission Line. Project' 1117-01 BetheJ Power Plant & Transmission Une De8r Mr. Travis: Thank you for the conespondence refcm)Ced above and your quest for ~ts and concerns we may have in the development of this project. As of today, I ~ave no comments and or concerns but wi" bring to the attention of the City Council the corresponcknce yoo lent to seek their comments and or concerns of the proposed Transmission Line from Bethel Alaska to the Donlin Creek Mine. I would rather co~nt as soon as lleceive a copy of me Environmental Impact Statement and the proposed cOlt of die JXOject ftUD p1anning. .ve)c,~iit. aDd to implemenwion. Thank you for considering our CiJuw.ent$ and CVI~--WS as. imporunt to the deveJop~t of this project while in the planning phase. If you have any questions or commonta please feel fRe to contKt me at the above listed ~lephcne number durina Ronna) business hours. ~ Cordially. Cjty of Kwethluk (::1 .:Ei'"'~ ~ ...L Boris ~ P,iJChook. May« Cc: Kwethluk City Counci1 File ALASKA vnLAGE ELEcrRIC COOPERA'l1VE, INC. April 21, 2003 O~50E Mr. Michael Travis, P.E. President Travis/Peterson Environmental Consulting, Inc. Suite, 102 3305 Arctic Boulevard Anchorage, Alaska 99503 RE: Comments on Bethel Transmission Line Dear Mr. Travis: A review of the three page letter dated April 3, 2003, and attached Figure 1, Bethel Transmission Une Proposed Route dated February 14, 2003, resulted in the following comments: 1. How does the capadty of the proposed 138 KV line CQf1'1>are with current and projected loads? Would a lower ~rating voltage line be adequate, or is a higher operating vohage line necessary? 2. Was a DC transmission line considered, and if so, why is it not being given additional consideration? 3. How many individual stepdown transformation sites are proposed between Bethel and the Donlin Creek mine site? 4. How will the reliability of the line be affeded by the number of individual stepdown transformation sites? 5. Will a communications conductor such as a fiber optic cable be carried on the transmission line? 6. Is a paralleling road being proposed for construdion and Mure maintenance of the line? 7. Will there be any 138 KV crossings of the Kuskokwim River, for example at Aniak? 8. Has a recommended conductor size been identified? 9. Has a recommended tower configuration been developed at this time? 10. Has an average span length been recomrrended at this tilTe? 4831 Eag-le Street. Anchoraue. Alaska 99503-7497 . Phnnf'; (007) ~1-1R1R . Tn ~t~tp (ROO) t7$l.1.Q1.Q . F~v (Q()7) ,,~?AnS!h 11. It does not appear that the proposed route is in any avalanche areas. However, it could be located in areas of severe icing and flooding and ice flows from flooding. What steps are being taken to prevent power interruptions associated with these natural events? 12. Vandalism in the form of rifle shots at the insulators and conductors may occur. What steps are being taken to alleviate this potential hazard? 13. Is automated load shedding of individual stepdONn transformer loads being proposed in order to restore service after an interruption? Sincerely yours, ~ { ~ '1\ L(;{{lQ 1\1 Meera Kohler President and CEO MK: ejp Mark Teitzel, Vice President and Manager, EngineeringCc: APPENDIX C LANDOWNERSHIP MAPS ~ ~ ~ n ~ I-.I ~ Q) e (,) Ic: -- -- c: 0 Q .E - Q) ::S Q) QJ I .s :3 0 Q:: Q) c: "- ~ ~ & '"t) Q) C/} 0 ~ Q 0)0~Q)Q)..c:C/) J ..~-~: - W).a.!(I)bim~ I ~ 't- t-:1 gIII! I IIliD 0~!.II! I I11v;-al J~ ~ Iin iIt:I5,< .. ti}Ji It ~{i1}11! it II II,:~df II II fIfilll'.' I t I I '"' !'~IIJ II . J I l" ~ ,. ," ~ " "" . "f +, t t-. r' I fI... I: ~ Q) ~ (.) t:'---- t: 0 Q .E - Q) ::S Q) QJ I ~ ~ 0 Q:: Q) t: '- ~ ~ 0 Q -0 Q) (I) 0 0.. ~ 0)00)Q)Q)..c::~~.a.!(I)"0 ~~~~.~ + "1 ~ :I i ., I~ III~ ,~ It g:II ~ J" .. ,.~i ~If I-aII II ~ I~ ~II JI -, I I JI~J t[ ' ~ I f ;' 11'!Jj II ~l ilili. il t l Ili~rii II II fiIJI~H If J Il'I fJ",'.' I I I - I'n~~" Il .. J I +-I'I, L' i' I, f JI. I~ 1~ In ~ APPENDIX D USDA RUS NEP A POLICIES AND REGULA nONS Friday December 11, 1998 Part VI Rural Utilities Service 7 CFR Part 1780 and 1794 Environmental Policies and Procedures; Final Rule DEPARTMENT OF AGRICULTURE Rural Utilities Service 7 CFR Parts 1780 and 1794 RJN 0572-AB33 Environmental Policies and Procedures AGENCY: Rural Utilities Service. USDA. ACTION: Final rule. !I_~: The Rural Utilities Service (RUS) hereby revises its existing environmental regulations, Environmental Policies and Procedures, which have served as RUS implementation of the National Environmental Policy Act (NEPA) (42 U.S.C. 4321 et seq.) in compliance with the Council on Environmental Quality (CEQ) Regulations for Implementing the Procedural Provisions of the NEP A. Based on new Congressional mandates. changes in the electric industry. and RUS experience and review of its existing procedures. RUS has determined that several changes are necessary for its environmental review process to operate in a smooth, efficient, and effective manner. The implementation of this rule has required that certain changes be made to 7 CFR part 1780 regarding environmental compliance. The amendments published in this document consist of those necessary to make the provisions of Part 1780 subject to the environmental requirements of this rule. &FECI1VE DAtE: December II, 1998. R)R ~ER ~~ COtTACT: Gary j. Morgan, Director, or Lawrence R. Wolfe. Senior Environmental Protection Specialist. Engineering and Environmental Staff; Rural Utilities Service, Stop 1571. 1400 Independence Ave., SW., Washington. DC 20250-1571. Telephone (202) 720-1784. E-mail address gmorgan@>ms.usda.gov or lwolfe@)rus.usda.gov. This rule and the guidance bulletins described in this rule will be available on the Internet via the RUS home page at www.usda.gov/rus/. SU~ARY ~FOMA~: Classification This rule has been determined to be significant and was reviewed by the Office of Management and Budget (OMB) under Executive Order 12866. Civil justiu Refonn This rule has been reviewed under Executive Order 12988, Civil justice Reforrp. RUS has determined that this propqiSed rule meets the applicable standards provided In sec. 3 of the Executive Order. In accordance with tlM! Executive Order and the rule; (1) all state and local laws and regulations that are In conflict with this rule will be preempted; (2) no retro-active effect will be given to the rule; and (3) administrative proceedings are required to be exhausted prior to initial litigation against the Department (7 U.S.C. 6912). Regulatory Flexibility Act Certification Pursuant to section 605(b) of the Regulatory Fle.x1bility Act. 5 U.S.C. 6O5(b). RUS certifies that this rule will not have a significant economic impact on a su~tantial number of small entities. If a rule has a significant economic impact on a su~tantial number of small entities. the Regulatory Flexibility Act requires agencies to analyze regulatory options that would minimize any significant impact of a rule on small entities. The application for financial assistance under the RUS Electric and Telecommunications programs and the application for loans and grants under the RUS Water and Waste program are discretionary; regulatory requirements will. therefore. apply only to those entities which choose to apply for fmancial assistance or funding. Information Collection and Recordkeepins Requirements The recordkeeping and reporting burdens contained in this rule were approved by the Office of Management and Budget (OMB) pursuant to the Paperwork Reduction Act of 1995 (44 U.S.C. chapter 35,) under control number 0572-0117. National Performance Review This regulatory action is being taken as part of the National Performance Review to eliminate unnecessary regulations and imJX"OVe those that remain in force. Envil'onmental justice This rule is subject to the requirements of Executive Order 12898. Federal Actions to Address Environmental Justice in Minority Populations and Low-Income Populations. Implementation of these requirements will occur at the time of actions performed hereunder. National Envil'onmental Policy Act Certification The Administrator of RUS has determined that this rule will not significantly affect the quality of the human environment as defined by the National Environmental Policy Act of 1969 (42 U.S.C. 4321 et seq.) Therefore, this action does not require an environmental impact statement or assessment. CataloR of Federal Domestic Assistance The programs described by this proposed rule are listed in the Catalog of Federal Domestic Assistance programs under numbers 10.850, Rural Electrification Loans and Loan Guarantees, 10.851, Rural Telephone Loans and Loan Guarantees, 10.760, Water and Waste Disposal System for Rural Communities, 10.764, Resource Conservation Development Loans, and 10.765, Watershed Protection and Flood Prevention Loans. This catalog is available on a subscription basis from the Superintendent of Documents, the U.S. Government Printing Office, Washington, DC 20402. Intergovernmental Review This rule excludes the Electric and Telecommunications Programs from the scope of Executive Order 12372, Intergovernmental Consultation, which may require consultation with State and local officials. A final rule related notice entitled, "Department Program and Activities Excluded from Executive Order 12372," (50 FR 47034) determined that RUS loans and loan guarantees, and RTB bank loans, were not covered by Executive Order 12372. The Water and Waste Program is subject to the provisions of Executive Order 12372. Consultation will be completed at the time of actions performed hereunder. Unfunded Mandates This rule contains no Federal mandates (under the regulatory provision of Title n of the Unfunded Mandates Reform Act) for State, local, and tribal governments or the private sector. Thus this rule is not subject to the requirements of section 202 and 205 of the Unfunded Mandates Reform Act. BackRrGund On March 13,1984, the Rural Electrification Administration (predecessor of RUS) published 7 CFR Part 1794, Environmental Policies and Procedures, as a final rule in the Federal Register (49 FR 9544) covering the actions of the Electric and Telecommunications programs. Based on new congressional mandates, changes in the electric industry, and RUS experience and review of its existing procedures, RUS has determined that several changes are necessary for its environmental review process to openJte in a smooth, efficient, and effective manner. The existing 7 CFR part 1794 was designed to implement the requirements of NEP A and the CEQ regulations for RUS Electric arxI Telecommunicatiom programs. As a result of the Federal Crop Insurance Reform and Department of Agriculture Reagantzatton Act of 1994 (Pub. L 103-354. 108 Stat. 3178), the programs of the Rural Electrification Administration. were combined with the Water and Waste program from the former Fanners Home Administration (FmHA) Into RUS. Most changes proposed to 7 CFR pM1l794 result from the addition of the Water and Waste program to RUS. For further guidance In the preparation of public notices and environmental documents. RUS has prepared a series of guidance ~letins. Three program specific bulletins are available which provide guidance In preparing the Environmental Report (ER) f(X' pro~ actions classified as categorical exclusions and proposed actions which require an EnvIronmental Assessment (EA). Further information on these bulletins Is provided In § 1794.7. This final rule contains a variety of su~tantlve and procedural changes from the provisions of the current rule. Some of these revisions are minor (§ 1794.4, Trivial Violations was deleted) or are merely Intended to clarify extsttng RUS policies and procedures (§ 1794.6. Definitions, was added). Other revisions reflect changes In RUS implementation of the CEQ regulations as (Xlt1tned below. The relationship between RUS and its Electric and Telecommunications applicants has c})an8ed substantially since RUS i~ued the final rule In March of 1984. Changes that have occurred In the last 4 years have been particularly dramatic. Historically. RUS provided su~tta1ly all of its applicants' capital needs and established a lending relationship reflecting that dominant lending role. However. because of limited annual loan authorization levels, RUS no longer ~ such a role. Moreover, In a 1993 amendment to section 3O6E of the Rural Electrification Act of 1936 (RE Act). as amended (7 U.S.C. 936e). Congress required RUS to abandon its close hands-on control of its applicants and Instead follow the practices of private market lenders. RUS has done so through the development of ~ f(X'ffiS of loan agreements and security Instruments and the publication of 7 CFR Part 1717. subpart M. Operational Cmtrols. which reduce or eliminate much of the oversight and control historically exercised by RUS over its Electric applicants. experience aOO a survey of the thresholds established by the Environmental Protection AgeOCY which administft'S similar programs. RUS has eliminated the two tiered classification for EAs that Is contained in 7 CFR Part 1940, Subpart G, the environmental regulation of the fonner FmHA. and adopted the more traditional claslflcation scheme as outlined in 40 CFR 1508.9. Because RUS co-funds a sJgniftcant portion of its projects with other Federal and state agencies, a more traditional classification and documentation scheme is thought to be more corouclve to minimizing duplicative environmental review efforts. RUS has modified Its procedures in subparts D through G of this part. The EA will be the subject document of the notice of availability requirements in § 1794.42, where previously, the applicant's ER was the subject document. By this change, the notice requirements for all three ~ will be consistent for both EA proposals and EA with scoping pro~. This change will erK:DUrage more public involvement by allowing public review of EA proposals prior to the issuance of a FirKting of No Significant Impact (FONSI). RUS has also changed Its notice requirements for Electric program projects requiring scoplng. The timing of RUS FedeI'a1 Relister notice for public scoping meetings in § 1794.52(b) has been reduced from 30 days to 14 days prior to the meeting. No appreciable benefit resulted from an earlier I}(X.ice requirement. The exJsting regulation allows RUS to adopt the applicant's ER as its EA but requires RUS to prepare Its own EA from the applicant's Enviromnental Analysis (EV AL) where a proposed action requires scoping. RUS has changed this requirement by allowing the EV AL to Sft"Ve as Its EA (see § 1794.53) consistent with 40 CFR § 1506.5(b). RUS has modifIed its policy regarding the use of contractor prepared ElSs. Under the existing regulation, RUS was required to useageocy funds when an lrKIependent contractor was ch~n by RUS to prepare the ElS. In accordance with the provisl(X1S of 7 CFR Part 1789. "Use of ~ltants Funded by Applicants" and Section 759A of the Federal Agriculture Improvement and Refonn Act of 1996, the draft aOO final ElS may be prepared by a consultant selected by RUS and funded by the applicant. A JEW requirement. publication of a notice of availability by RUS and the applicant for a Record of Decision Is esoollshed in § 1794.63. Refl~ttng these changes and reforms, RUS has revised § 1794.3 of the rule. Environmental reviews will continue to be required in connection with the approval of financial assistance for applicants and the issuance of rules, regulations. and bulletins by RUS. However, no reviews will be required in co~ction with approvals provided by RUS pursuant to its loan conttacts and security insttument5 with applicants such as approvals of lien accommodations or the use of general funds by applicants. These approvals are not major Federal actions significantly affecting the quality of the human env~. Within subpart C of this rule, a classification system defines the level of environmental review required for RUS and applicant ~ actiom. In Section 1794.20 RUS has clarified its position for detemlining drcumstances under which an applicant's participation in a proj~t results in a Federal action. Sectiom 1794.21 through 1794.25 of this subpart are further subdivided when appropriate to differentiate between actions being proposed by RUS and actions proposed by El~tric, Telecommunications, and Water and WMte JX'ograID applicants. A number of cl~tncation changes have been made within subpart C of this rule. These reclassifications involve minor actions JX"Oposed by applicants which rarely, if ever. result in significant environmental impact or public interest. RUS believes this rule includes adequate safeguards to identify any unusual dn:umstances that may require additional agency scrutiny. RUS has modified the thresholds for acreage (facility sites). and capacity (generation facilities) within § 1794.22(a). In additi(X1 to modifying the thresholds for acreage and capacity, RUS ~ imposed different thresholds for construction of electric generating caJ:NtCity at new sites versus existing sites within § 1794.23(c). Acreage and capacity threshold changes within § 1794.24. and a capacity dreshold change within § 1794.25 reflect changes that have been made in §§ 1794.22(a). and 1794.23(c). No changes were made to the existing thresholds for transmission line length. CapM:ity thresholds have been eliminated fcx hydroelectric proposals in §§ 1794.22 and 1794.23. RUS will normally adopt the NEP A document prepared by the Federal licensing agency of hydroelectric projects in which RUS applicants partidpate.The thresholds for proposed actiom in dle Water and WMte program are classified in §§ 1794.21 (c) and 1794.22(b). ~ on historical Preparation of the Rulemaking The proposed rule (7 CFR part 1794) was published in the Federal Register on November 24, 1997 (62 FR 62527). Public comment was invited for a 60- day period, ending on january 23,1998. Eighty-nine written comments were received representing 32 specific organizations and individuals. These included two Federal agencies, eight Federal agency state offices, one regional commission, two electric cooperative associations, and seventeen rural electric cooperatives. All comments were fully considered when revising the proposed rule for publication as a final rulemaking. Every effort has been made to respond in detail in the preamble to every question raised or suggestion offered. Where commenters pointed out errors in spelling. syntax, and minor technical errors these errors were con"ected and not mentioned fUrther in the preamble. In addition, many commenters made similar suggestions or raised similar issues. In the interest of clarity, comments that were similar in nature were grouped and discussed in the most relevant section in the preamble. Some comments pointed out vague and unclear language. Clarifying and explanatory language was added to the rule and preamble as appropriate. The discussion under General Comments responds to general comments and clarification of misunderstandings as to RUS's intent. The statements under Comments on Specific Sections address the more significant comments received on particular provisions and how RUS responded to them. General Comments Several comments focused on the background discussion of the preamble to the proposed rule regarding the proposed renumbered § 1794.3, entitled" Actions requiring environmental review." The background discussion explained that, because of changes in law and reforms in the Electric and Telecommunications industry, RUS proposed to revise that section to reflect that RUS would no longer treat as Federal actions subject to environmental reviews, approvals provided by RUS pursuant to its loan contracts and security instruments. The preamble explained that these approvals are "ministerial" and not major Federal actions for the purposes of NEP A. The commenters, who uniformly supported the proposed revision, asked that RUS identify all approvals that would no longer be subject to environmental review or clarify that only the approval~ of loans and loan guarantees will require an environmental review. Agency Respome: The proposed revision to § 1794.3 deletes reference to "lien accommodations, and approvals provided pursuant to loan contracts and security instruments (e.g., approvals of the use of general funds)." In pertinent part, the revised section identifies as actions requiring environmental review, "the approval of financial assistance pursuant to the Electric, Telecommunications, and Water and Waste Programs." In response to the comments, RUS has added a clarifying sentence to § 1794.3 stating that, " Approvals provided by RUS pursuant to loan contracts and security instruments, including approvals of lien accommodations, are not actions for the purpose of this part and the provisions of this part shall not apply to the exercise of such approvals:' RUS believes that. while it is principally the approvals of loans and loan guarantees to which environmental reviews attach, it is p~ible that other types of discretionary financial assistance could be available under the RUS program, which would trigger environmental reviews. Examples include lien subordinations under § 306 of the RE Act (7 U.S.C. 936). The regulatory text should not limit those actions requiring environmental review to the approval of loans and loan guarantees. Consequently, no other change has been made in response to the comments. Ten commenters expressed concern about the two-tier classification that was created for "categorically excluded" proposals in §§ 1794.21 and 1794.22, which they believe is overly burdensome arxi confusing. They further believe that many of the size, voltage, distance, and acreage thresholds have been arbitrarily determined and need to be reevaluated. Agency Respome: RUS established the two-tier classification system for categorically excluded proposals specifically to reduce the burden on applicants without compromising the requirements of NEP A and the CEQ regulations. Categorically excluded proposals listed in § 1794.21 normally do not significantly impact the quality of the human environment. Therefore the submittal of an ER is not required. An ER is required for categorically excluded proposals listed in § 1794.22 to provide for circumstances in which a normally excluded action may have a significant impact (see 40 CFR 1508.4). Prior to issuing the proposed rule, RUS reevaluated the thresholds established in the existing regulation and determined that the revised thresholds included in the proposed rule represent a reasonable delineation consistent with 40 CPR 1508.4. The commenters also questioned why an environmental report should be required for a prop~l that is normally categorically excluded and recommend that where appropriate. proposals listed in § 1794.22 be incorporated into § 1794.21. Agency Response: The changes proposed by these comments are not consistent with the definition of categorical exclusion in 40 CFR 1508.4. In order to ensure that a proposed action does not significantly affect the quality of the human environment. RUS must conduct an environmental review. The two-tlered classification system for Categorical Exclusions establishes the level of information that must be provided by the applicant for proposals lIsted in each tier. This information is necessary so RUS can identify extraordinary drcumstances in which a normally excluded action may have significant environmental effects. One commenter recommended incorporating language into § 1794.21 by which RUS could in~ the level of environmental review for any categorically excluded project. which had a significant environmental effect. Other commenters point out that proposals in these two categories already must meet the requirements of § 1794.31. Therefore a safeguard already exists whereby RUS can evaluate each project and determine if further environmental review is appropriate. Agency Response: This rule includes a requirement in § 1794.22(a) by which RUS reserves the right to request environmental documentation for proposals listed in § 1794.21 (b) and (c) if significant environmental effects result from the implementation of the proposal. RUS believes that determining whether an ER should be prepared for all categorically excluded proposals on a case-by-case basis would be inconsistent with the CEQ regulations (40 CPR 1508.4) and would extend the RUS environmental review process. Three commenters assert that the thresholds established to differentiate between projects that require an environmental assessment (EA) with and without scoping (§§ 1794.23 and 1794.24) were also arbitrarily determined and point out that a 1 MW increase in capacity can increase the level of review. The commenters recommend that all § 1794.24 proposals which normally require scoping be incorporated into § 1794.23 and that RUS adopt language allowing the agency to require scoping for projects which are expected to have significant impacts. Federal Register/Vol. 63. No. 238/Friday. December II. 1998/Rules and Regulations 68651 Agency Response: RUS has reevaluated the thresholds that were established in the existing regulation for proposed actions listed in §§ 1794.23 and 1794.24. The thresholds accurately delineate the difference between proposed actions which can be adequately reviewed with an EA and those actions which have a higher potential for needing an EIS. The latter required the preparation of an EV AL by the applicant. The EV AL will serve $ the RUS EA, (40 CFR 1506.5(b». Instead of establishing a single classification system for actions normally requiring an EA and determining the need for scoping on an individual basis, RUS agrees some flexibility is needed and has included a provision to modify or waive scoping requirements in § 1794.52 for actions that normally require an EA with scoping. Two commenters expressed concern with the provisions of the proposed rule that aliow the applicant or its consultant to prepare the environmental report (ER) which normally serves $ RUS" EA for Water and W$te proposals. These commenters $5ert that there may be an appearance of a conflict of interest. Agency Response: Agency responsibIlity is addressed in 40 CFR 1506.5. The CEQ regulations allow an agency to require an applicant to submit environmental information for possible use by that agency (40 CFR 1506.5(a». The agency should assist the applicant by outlining the types of information required. The agency shall independently evaluate the information provided by the applicant and accept responsible for its accuracy. RUS b$ developed guidance Bulletin 1794A- 602 for that purpose. An agency can pennit an applicant to prepare an EA provided the agency makes its own evaluation of the environmental issues and takes responsibility for the scope and content of the EA (40 CFR 1506.5(b». One commenter recommends that the procedures defined in 7 CFR 194O-G under which RUS reviews information submitted by the applicant and completes the assessment should be used for Water and Waste proposals. Agency Response: This rule provides for an agency-prepared EA. Section 1794.41 states that the ER will normally serve as the RUS EA. The decision of whether RUS uses the applicant's ER as Its EA or prepares the EA from infonnation provided in the ER will be made by the State Environmental Coordinator (SEC). Another commenter noted that by not allowing RUS employees to complete EAs, the agency is limiting the ability of~ Emergency Situation to account for threats to the environment and including a definition of "multiplexing sites." Agency Response: The words "or to the human environment" have been added to the end of the definition of Emergency Situation and a definition has been included in this section for multiplexing sites. Anothercommentersuggested deleting the words "document and" from the definition of ER. Agency Response: RUS recognizes that the amount of documentation that can be included in an ER can vary for the types of proposals listed in §§ 1794.22 and 1794.23 from a few pages to 100 pages or more. Since the word "document" does not add any significance to the definition of ER' the word has been deleted. A third commenter thought that the terms ER, EA and Environmentallmpact Assessment were confusing and needed further explanation. Agency Response: RUS agrees and ~ reverted to the tenninology used in the existing rule. RUS has in the past and proposes to continue to differentiate between the documentation submitted by the applicant for pro~ that nonnally require an EA (§ 1794.23) and proposals that normally require an EA with scoping (§ 1794. 24) by titling the fonner an ER and the later an EV AL. The agency prepared document for proposals listed in §§ 1794.23 and 1794.24 is still titled an EA (40 CFR 1508.9). One commenter requested that this section be modified so the ER and EA can be stand-alone documents and not a mandatOry part of the Preliminary Engineering Report (PER) for Water and Waste proposals. This commenter asserts that such a restriction precludes the use of other resources to complete the preparation of the environmental documentation. Agency Response: Although RUS intends for the ER to be submitted with the PER for Water and Waste pro~, there is no requirement that the ER be prepared exclusively by the engineering consultant that prepares the PER. The key issue is that environmental concerns be considered at the earliest planning stage of a proposal to ensure that environmental values are given appropriate consideration. The earliest p~ stage of a proposal is the PER. Section 1794.8 (now § 1794. 7): Two commenters noted that RUS Bulletin 1780-26 already has been designated for guidance for another purpose. Agency Response: The designations for the guidance documents referenced in this section have been corrected. its employees to provide technical assistance to rural areas. Agency Response: RUS does not agree with this statement. By improving the efficiency of document preparation, Rural Development staff will have more time to provide meaningful guidance and technical assistance to applicants. Comments on Spedftc Sections Background: One commenter requested clarification of paragraph 9 of the proposed rules Background section that discusses exempting from review approvals provided by RUS pursuant to its loan contracts and security instruments. Agency Response: This comment is addressed in the response to the first general comment. Section 1794.2: One commenter questioned whether the item (d) in this section correctly characterized the roles RUS and the applicant play under NEP A and the CEQ regulations. He asserts that the applicant should be responsible for the accuracy of the information contained in environmental documents and the agency should be responsible for compliance with appropriate regulations. Agency Response: RUS agrees. The text of item (d) has been changed to clarify the role of the applicant. RUS is responsible for compliance with NEPA, including verifying the accuracy of the information it uses in its environmental review (40 CFR 1506.5). The applicant is responsible for compliance with all applicable RUS requirements. Section 1794.3: Six commenters recommended that this section clearly state that the rule applies only to direct loans and loan guarantee approvals. Agency Response: This comment is addressed in the response to the first general comment. Section 1794.5 (now § 1794.4): Two commenters support the proposed format of placing metric units in parentheses following the non-metric equivalents which is the reverse of the current format. An(X:ber commenter questioned whether the change in metric system format w<X1ld be contrary to the national effort to convert to the metric system and not in compliance with Executive Order 12770. Agency Response: It has been RUS experience that the current format in which metric units are followed by the non-metric equivalents in parentheses has been impractical and has confused readers. This rule's provisions for the use of metric units comply with Executive Order 12770. Section 1794.7 (now § 1794.6): One commenter suggested adding "the environment" to the definition of Federal Resister/Vol. 63. No. 238/Friday. December 11. 1998/Rul~ and ReguJations68652 One commenter recommended that a standard format be developed for applicants to follow In the preparation of an ER or EA. Agency Response: The appropriate bulletins referenced In this section wll1 contain a standard format for pr'eparing an ER: the applicant does not ~ an EA. The same commenter further recommended that State DIrectors be able to Issue supplements with less than approval by the Administrator. Agency Response: State Directors have the abll1ty to Issue supplements. However, to emure compliance with environmental laws and regulations and maintain uniformity with neighboring states and within a region. requires AdmlnJstrator review and approval of supplements.Six commenters urged RUS to consult with Interested parties regarding the referenced electric arx1 telecommunications guidance documents prior to taking 8naI action on this rule. Agency Response: RUS has comidered all comments received on the current versions of Bulletim 1794A- 600 arx11794A-601 In poeparing the revisions to these two Bulletins. B<X.h Bulletins wll1 be made available to applicants via the Internet prior to ~ effective date of this final rule. Two commenters believe that the referenced Water arx1 Waste bulletin (RUS Bulletin 1794A-602) should be published fm' comment arx1 one commenter requested a 6O-day extension to the comment period on the proposed rule following the rel~ of d1at draft bulletin. Agency Response: RUS Bulletin 1794A-602 was reviewed by Rural Development staff prim' to the effective date of this 8naI rule. RUS does not agree d1at the comment period (X1 the proposed rule should be extended subject to the releMe of the draft bulletin. Section 1794.10: One commenter recommended repladng "wx1er RUS direct guidance and supervision" with "wlth advise from RUS" Instead. Agency Response: The referenced language has bren revised. RUS will assist applicants by outlining the types of Information required and provide guidance and oversight In the development of the documentation (40 CFR 1506.5). This commenter also recommended d1at the language In §§ 1794.10 and 1794.31 (b) be consistent and refer to the SEC or neither. Agency Response: The language In § 1794.10 applies to all three RUS programs. Theref~. a specific agency official is only identified in § 1794.31 (b). which is speclflc to the W8:er" and WEte ..-~. SectIon 1794.13: 0I1e cornmenter recommended that In (a)(3) all comments on Water and Waste p~ be ~t directly to the RUS State Office imtead of through the applicant.Agency Response: Applicant notices must state tmt comments should be sem to the RUS appI'OPIiate office for Water and Waste proposals and to the W~h1ngton. DC. office for Electric and Telecommunications ~ls. However. RUS reaJgntzes that both verbal and written comments on a proposal are sometimes directed to the applicant. This su~ion accounts for this ~ibllity by requlrlng the applicant to submit comments to RUS. Seven commenters were concerned that the requirement In § 1794. 13(a)(4) making all environmental documents and documentaJon related to the proposed action available In specific locations w~ too broad and created an overly burdensome and onerous responsibility for the applicant. They ~ended that RUS narrow the scope of Information that the applicant is required to make available in a public setting and require the applicant to designate a cont-=t person to respond to requests for additional and supJ)(X'ting Information. Agency Response: RUS agrees that the requirement making all environmental documens and documentation available In speclflc locations creates an overly burdensome and onerous responsibility for the applicant and does not enhance public JB"tictpation In the envinxtmental process. The language in § 1794. 13(a) (4) has been revised. RUS wili determine which project related enviroomental documents will be made available for review .. locations convenient for the IXIblic. To ensure full public disclosure. a list of all documents not JX'OYided fcx- public review will be included. Documents not provided will be available for Inspection through a designated RUS or applicant contact person.Two commentelS requested that § 1794. 13(a) (5) be expanded to note that public hearings are to be confined to the environmental aspects of a proposed action. Agency Response: RUS believes that the purpose of the public hearings or mee~ has been adequately identified Inthissectlon. One conunenter requested that RUS CO(XOdlnate its meetings with meetings. hearings. and environmental reviews. which may be held and/or required by others. Agency Response: RUS agrees with this comment and has revised § 1794. 13(a) (5) to include coordination of its meetings with the requirements of other interested agencies and groups. Six commenters questioned why RUS has established differing threshol~ fcr publication of notices in the Feder'a) Register with respect to the Electric and Telecommunications programs in § 1794. I 3 (b) and the Water and Waste program in § 1794.13(c). They recommended that the language in § 1794.13(c) be consistent for all three programs. Agency RespoI1ge: RUS agrees and hM decided to revise the language in §§ 1794. I 3 (b) and 1794.42(b) thereby making the threshol~ for publication of notices c~nt for all three programs. RUS will provide interested agencies with notification of Its FaNSI determinations through direct mailings or, at its option, the Feder'a) ReIIster, when appropriate. Section 1794.14: One commenter endcrsed the flexibility provided in this section and recommended that this flexibility be more clearly ~. The commenter also suggested that the duties of a cooperating agency are unclear and a brief list sh~d be included. Agency Response: The duti~ of a cooperating agency are described in 40 CPR 1501.6 and are incorporated by reference. Section 1794.17: One commenter questioned whether the mitigative measures would be discussed In the FONSI memo to the rue in addition to the FONSI public notice. Two commenters noted that the provisions of (b) (3) appear to expand the responsibilities of field staff beyond that of development specialists. One commenter suggested that a better role for the agency would be to n~tfy the appropriate regulatory agency to enforce the mItigative measures. Agency RespoI1ge: M1 tigation measures sha1I be d~ in both the FaNSI memo and public notice. The responsibilities of field staff have not been expanded. In the ~ttne process of checking on-sIte conditions for compliaoce with relevant loan or grant provisIons. it is appropriate for staff to docwnent the applicant's compliance stabJS with regard to mitigation measures that were agreed upon as part of the conditions for the loan/grant. If discrepandes are noted, the agency may need to notify the appropriate regulaory agency fcr action. Section 1794.21 (a): Six commenters recommended that in addition to defining "emergency situation" this 68653Federal Register/Vol. 63. No. 238/Friday. I)eceIJi>er 11. 1998/Rules and Regulations section be expanded to account for such situations. Agency Response: RUS has added action (4) to account for emergency situations. Section 1794.21 (b): One commenter questioned why a "detailed description" was required for 12 actions in this category when all actions in this category had to be sufficiently described. That C(Xnmenter recommended this requirement be deleted. Agency Response: RUS has determined through experience that the types of JX"Oposals contained in this section normally do not significantly affect the quality of ~ human environment. llXJS the submission of an ER is not normally required. However, in order to waive the ER requirement for the 12 actions in this cMegory so designated. ~ RUS reviewer must have a complete description of what is being proposed, how it will be constructed. and the settjng in which the ~ project wiD be located. Evaluating these 12 actions on a case-by-c8se ~is is more effective than uniformly requiring the mandatcxy submittal of an ER. Another commenter was concerned that the submittal of an environmental document was not required for proposed actions described in § 1794.2 I (b) (4), (8). (14), (15) and (16). which could under certain circumstances provide a hazard to birds. Agency Response: RUS agrees that under certain circumstances actions described in § 1794.21 (b) (4), (8), (14), (15), and (16) could result in sIgnIficant effects to the human environment, such as presenting a haZM"d to birds. The description of the facilities to be constructed that must be provided for these actions and others so noted in § 1794.21 (b) is used by RUS to detennine whether the current level of review is adequate or a higher level of review is wm-ranted. One commenter expressed concern over the provision in action § 1794.21 (b) (18) which require ~ applicant oIxain certJftcation from the utility owner that the facilities to be purchased are in compliance with applicable environmental laws and regulations. This commenter believes that the normal environmental review process should be sufficient to identify and resolve issues that may be encountered. Agency Response: RUS agrees that obtaining a certification of compliance for the purc~ of existing facilities is not the app-opriate form of documentation. Upon further review. RUS has determined that establishing two separate levels of review for the purchase of existing facilities. specifically action (18) In § 1794.21 (b) and action (7) In § 1794.23(b), is not warranted. Both references to these actions have been deleted from the final rule and replaced by new actioo (11) In § 1794.22(a). Under the new requirement applicants will have the option of submitting an ER or the results of a facility enviromnental audit. A higher level of review may be required before RUS approves an applicant's p~ of facilities that are detelmlned to be In violation of Federal. state. or local envirorunentallaws or regulations.One commenter recommended that the threshold for action described In § 1794.21(b)(21). standby diesel generators, be Increased from 1 megawatt (MW) to 2 MW and also be utilized for load management purposes In addition to emergency power. Agency Respor5e: RUS does not agree. The ~ of this category Is to exclude stardby diesel generat(X'S that would be subject to limited use (I.e. emergency outages). Utilizing such facilities fCK load management purposes Increases the hours of usage and thus Increase potential effects to the quality of the human envirorunent. A commenter asserts that the action described In § 1794.21 (b) (24) could create a major change in local air quality . Agency Response: RUS agrees that wording describing action (24) could be misinterpreted and has added the following statement: "Repowering or uprating that results In an Increased fuel consumption or tM substitution of one fuel combustion technology with another Is excluded from this c~cation:' Because this actioo d~ not Include an Increase In fuel consumption, no change In local air quality Is anticipated. ThIs commenter further recommended that the type of customer facilities covered In § 1794.21 (b) (24) Include commercial and agricultural. Agency Response: RUS agrees to add commercial and agriculture facUlties to Item (24). Section 1794.22: Three commenters noted th-. ~ls identified In § 1794.22(a)(II) and § 1794.21 (b) (20) which discuss facilities that will reduce the amount of pollutants rel~ Into the environment Me redundant and tM reference In § 1794.22 should be deleted. Agency Respor5e: RUS agrees that tM requirements of § 1794.22(a)(11) and § 1794.21 (b) (20) are redundant. Accordingly. action 111 In § 1794.22(a) of the p~ rule ~ been deleted. One commenter asserted that proposals listed In § 1794.22(b)(3) and (4) have the potential to Impact Important resources but will be excluded from environmental review. Agency Response: Applicants are required to prepare and submit an ER for all proposed actions listed in § 1794.22(b). RUS will review the ER to detenn Ine whether a noImally categorically excluded ~tlon may have a significant environmental effect (40 CFR 1508.4). One commenter suaested d\at § 1794.22(c) belongs in § 1794.23 which describes EA proposals. Agency Response: Proposals listed In § 1794.22(c) were so designated to parallel the level of documentation required by the EPA In 40 CFR 6.505(c) for slmUar proposals. Agencies with similar programs .-e el1COUraged by CEQ to comult with each other to coCX'dinate their procedures. especially for programs requesting slmUar lnf0rm8:.ion from applicants (40 CFR 1507.3(a». RUS believes that these actions are correctly described in § 1794.22(c). One commenter noted that § 1794.22(c)(1) and (2) only apply to discharges and need to be expanded to Include water withdrawals. Agency Respol6e: RUS agrees and has expanded the discussion In § 1794.22(c) to clarify this issue. Two comrnenters requested that "substantial ~" In § 1794.22 (c)(2) be def"med and one commenter also questioned how this term applied to a new facility. Agency Response: The term "substantial increases" has not been defined because Its interpretation depends on local conditions and regulatory requirements. RUS agrees that this ~tion should not Include new facUlties and has revised the language accordIng1y. One commenter noted that § 1794.22 (c) (3) stipulates no greater than a 30 percent growth factor whereas § 1794.22 (b)(3) stipulates a modest growth potential and requests consistency within the rule. Agency Respo~e: The 30 percent growth f~tor ts an established threshold, whereas the term "modest growth" applies to local conditions and regulatory requirements. Anod1er comment« ~ that the thresholds in § 1794.22(c)(3) need to be changed because It appears that a small system (20-30 EDU's) could be expanded up to 500 EDU's and still be a categorically excluded proposal. Agency Response: RUS believes the capacity criteria as stated is sufficient f(X" the ~ of cl~lfvtna an action expanded to allow the adoption of environmental documents prepared by state or local agencies or other parties in accordance with the provisions of § 1794.84 of the existing regulation. Agency Response: The CEQ regulations in 40 CFR 1506.3 only pemtit a Federal agency to adopt documents prepared by or for another Federal Agency. In 40 CFR 1506.2, Federal agencies are required to cooperate with state and local agencies to the fullest extent possible to reduce duplication between NEP A and state and local requirements by jointly preparing EAs and EIs.~. RUS acknowledges that its policy on the incorporation of environmental documents prepared by others was omitted from the proposed rule. This o~ion has been corrected with the addition of § 1794.74. One commenter suggested that RUS be more flexible in its adoption procedures and not duplicate another agency's public notice and comment period. Agency Response: RUS believes that its decisions must be subject to public notification regardless of who prepares the environmental documentation. The preferred strategy to avoid duplication of effort would be foc RUS to participate with other agencies in the preparation of the initial environmental documents as stated in § 1794.14. This commenter also recommended that RUS accept environmental documents prepared by states under the State Revolving Fund (SRF) programs as its own documents or at a minimum adopt the subject documents. Agency Response: RUS may adopt environmental documents prepared by state agencies administering SRF programs under the Clean Water Act (32 U.S.C. 1251) arKi the Safe Drinking Water Act (42 U.S.C. 300). Where appropriate, the State Director will enter into an agreement with appropriate state agencies to establish the necessary procedures. Any environmental document accepted or prepared by RUS prior to the effective date of these regulations may be developed in accordance with RUS environmental requirements in effect at the time the document was accepted or prepared by RUS. Us! of Subjects in 7 CFR Part 1780 Business and industry. Community development. Community facilities, Grant programs-housing and community development. Reporting and recordkeeping requirements. Rural areas, Waste treatment and disposal, Water supply, Watersheds. as a categorical exclusion. Two other provisions may be applicable to the commenter's point. First, the ER would provide sufficient information to detemtine if there are any extraordinary circumstances in which a normally categorically excluded action may have a signIficant environmental effect (see 40 CFR 1508.4). Second, under § 1794.22(b)(2), RUS could determine that the facility improvements are not modest in use, size, capacity, purpose, or location and would require an EA. Section 1794.23: One commenter recommended that for consistency, this section be titled "Proposals normally requiring an EA without scoping.' , Agency Response: RUS disagrees. Early public involvement may be appropriate for any level of environmental review and should not be explicitly dismissed by excluding scoping for certain thresholds. Section 1794.31: One commenter stated that RUS should not be supervising or giving direct guidance to the applicant. He suggested modifying the wording in (b) to "with advice from RUS." Agency Response: This issue is addressed in the response to the comment on § 1794.10. Another commenter noted that ~ SEC would be unable to devote the time necessary to supervise all applicants. Agency Response: High volume states have been provided additional environmental specialist positions in anticipation of the increased workload. Section 1794.32: One commenter wanted clarification in (b) on the criteria used to determine when public notice would be required if important land resources are affected Ano~r commenter suggested that in (b) reference should be made to § 1794.7 or the RUS Bulletin 1794A-602. Agency Response: RUS agrees with this suggestion and has referenced the two bulletins that provide guidance in preparing an ER. Section 1794.33: One commenter noted that this section allows RUS to act on an application without any environmental review. Agency Response: The commenter's interpretation of § 1794.33 is incon'ect. RUS shall conduct an environmental review for all proposed actions covered by this section. Proposals listed in § 1794.21 (b) and (c) normally require the submittal of a project description. ~reas, proposals listed in § 1794.22(a) and (b) normally require the submittal of an ER. RUS reserves the right to require additional environmental information on any proposal the agency believes may have significant effects on the quality of the human environment (§ 1794.30). Section 1 794.41: One commenter noted that the typical applicant would need ~istance from their consulting engineer in preparing the ER, resulting in a fee increase to the applicant. If the SEC retains approval authority for the ER, another layer of review is added before the ER is accepted. Agency Response: RUS anticipates that the applicant's engineer will prepare the ER at the same time that project planning is done. RUS further antidpates that any increase in the engineering fee should be modest since the engineer in m~t projects has been preparing the applicant's environmental information for the agency. The SEC should be the only agency approval official fcr the ER. Section 1794.44: Two commenters noted that it appears RUS will take final action on proposals covered by this section without waiting for public input. Agency Response: Actions listed in § 1794.23 are subject to public input when the EA is made available for review through applicant notice. Normally there is no provision for additional public input when RUS makes a FONSI determination for actions listed in § 1794.23. These commenters also noted that draft RUS Bulletin 1794A-602 calls for a IS-day review period if significant comments are received on the draft EA. Agency Response: The reference to the IS-day review period was inadvertently omitted from the proposed rule. Section 1794.44 has been modified to include an opportunity for the public to review the RUS FONSI determination if substantive comments are received on the EA. Section 1 794.51: One commenter noted that no mention is made in (a) where the applicant's notice will be published. Agency Response: The commenter is colTect that § 1794.51 does not state where the applicant's notice will be published. That information is provided in § 1794.13(a)(I) and (2). Section 1794.61: Two commenters asserted that the cost of an EIS would be prohibitive for nearly all Water and Waste applicants which could result in even high priority projects being canceled due to the inability of the applicant to fund the EIS. Agency Response: RUS agrees that an EIS can be an expensive document to prepare and has identified certain methods of funding an EIS in §1794.61(a). Section 1794.70: One commenter recommends that this section be Federal Register/Vol. 63. No. 238/Friday. December II. 1998/Rules and Regulations 68655 List of Subjects in 7 CFR Part 1794 Environmental Impact statements, Reporting and recordkeeping requirements. Therefore RUS amends chapter XVII of title 7 of the Code of Federal Regulations as follows: PART 178O-WATER AND WASTE LOANS AND GRANTS Subpart B-Loan and Grant Application Processing 1. Section 1780.31 Is amended by revising paragraph (e) to read as follows: 11780.31 G81-.1. * * * * * (e) Starting with the earlIest discussIon with prospective applicants, the State Environmental Coordinator shall discuss with prospective applicants and be available for consultation during the applIcation process the environmental review requIrements for evaluating the potential environmental consequences of the project. Pursuant to 7 CFR part 1794 and guidance in RUS Bulletin 1794A-602, the environmental review requIrements shall be performed by the applicant simultaneously and concurrently with the project's engineering planning and design. This should provide flexibility to consider reasonable alternatives to the project and development methods to mitigate IdentIfied adverse environmental effects. Mitigation measures necessary to avoid or minimize any adverse environmental effects must be integrated into project desIgn. 2. Section 1780.33 Is amended by revising paragraphs (c)(3), and (0 to read as follows: 11780.33 Applcatlon requ~nts. * * * * * (c) * * * (3) The State staff engineer will consult with the applicant's engineer as appropriate to resolve any questions concerning the PER. Written comments will be provIded by the State staff engineer to the processing office to meet eligibility determination time lines. * * * * * (0 Environmental Report. For th~e actions listed in §§ 1794.22(b) and 1794.23(b), the applIcant shall submit. in accordance with RUS Bulletin 1794A-602. two copIes of the completed Environmental Report. (I) Upon receipt of the Environmental Report. the processing office shall forward o~ copy of the report with comments and recornmeJx1ation to the State Environmental Coordinator for review. (2) The State Environmental Coordinator will consult with the applicant as appropriate to resolve any environmental concerns. Written comments will be provided by the State Environmental Coordinator to the processing office to meet eligibillty determination time lines. * * * * * 3. Section 1780.39 is amended by revising paragraph (b) introductory text and removing and revising paragraph (h). t 1780.39 Application ~ng. * * * * * (b) Professional services and contracts related to the facility. Fees provided for in contracts or agreements shall be reasonable. The Agency shall consider fees to be ~nable if they are not in excess of those ordinarily charged by the profession as a whole for similar work when RUS financing is not involved. Applicants will be responsible for providing the services necessary to plan projects including design of facilities. environmental review and documentation requirements. preparation of c~t and income estimates. development of proposals for organization and financing. and overall operation and maintenance of the facility. Applicants should negcx.iate for procurement of professional services. whereby competitors' qualifications are evaluated and the most qualified competitor is selected. subject to negotiations of fair aJxi reasonable compensation. Contracts or other forms of agreement between the applicant and its professional and technical representatives are required and are subject to RUS concurrence. * * * * * 4. Section 1780.41 is amended by revising paragraph (a) (8) to read as follows: t 1780.41 lo8I or gr8rt .IXOV8L (a) * * * (8) Completed environmental review documents including copies of public notices and appropriate proof of publication. if applicable; and * * * * * SUBPART C-PLANNING, DESIGN, BIDDING, CONTRACTING, CONSTRUCTING AND INSPECTIONS 5. Section 1780.55 is revised to read as follows: § 1780.55 Prelmlnary "gI~ reports. Preliminary engineering reports and Environmental Reports. Preliminary engineering reports (PERs) must conform to customary professional standards. PER guidelines for water, sanitary sewer, solid waste, and storm sewer are available from the Agency. Environmental Reports must meet the policies and intent of the National Environmental Policy Act and RUS procedures. Guidelines foc preparing Environmental Reports are available in RUS Bulletin 1794A-602. 6. Section 1780.57 is amended by revising paragraph (a) to read as follows: 11780.57 o.lgn~ * * * * * (a) Environmental review. Facilities financed by the Agency must undergo an environmental impact analysis in accordance with the National Environmental Policy Act and RUS procedures. Facility planning and design must not only be responsive to the owner's needs but must consider the environmental consequences of the proposed project. Facility desIgn shall incorporate and integrate, where practicable, mitigation measures that avoid or minimize adverse environmental impacts. Environmental reviews serve as a means of assessing environmental impacts of JX"Oject proposals, rather than justifying decisions already made. Applicants may not take any action on a project proposal that will have an adverse environmental impact or limit the choice of reasonable project alternatives being reviewed prior to the completion of the Agency's environmental review. * * * * * 7. Part 1794 is revised to read as follows: PART 1794-ENVIRONMENTAL POLICIES AND PROCEDURES Subpart A-GeneraI Sec. 1794.1 Purpose. 1794.2 Authority. 1794.3 Actions requiring environmental review. 1794.4 Metric units. 1794.5 Responsible officials. 1794.6 Definitions. 1794.7 Guidance. 1794.8-1794.9 (Reserved) Subpart &-Implementation of the National Environmental Policy Act 1794.10 Applicant responsibilities. 1794.11 Apply NEP A early in ~ planning process. 1794.12 Consideration of alternatives. 1794.13 Public involvement. 1794.14 Interagency involvement and coordination. 1794.15 Umttations on actions during the NEP A ~. 1794.16 Tiering. 1794.17 Mitigation. of NEP A (40 CFR parts 1500 through 11794.3 Aetion8 requhing environmental 1794.18-1794.19 [Reserved) 1508) and certBin related Federal review. Subpart c-claslflcatlon of Propos8i8 environmental laws, statutes, The provisions of this part apply to 1794 20 Co 1 regulations, and Executive Orders (EO) actions by RUS including the approval 1794:21 Ca."etrorlcall excluded proposals that apply to RUS programs and of financial assistance pursuant to the without ~ ER. Y administrative actions. Electric, Telecommunications, and 1794.22 Categorically excluded proposals (b) The policies and procedures Water and W~te Programs, the disposal requiring an ER contained in this part are intended to of property held by RUS pursuant to 1794.23 Proposals normally requiring an help RUS officials make decisions that such programs, and the issuance of new EA. are based on an understanding of or revised rules, regulations, and 1794.24 Proposals nonnally requiring an environmental consequences, and take bulletins. Approvals provided by RUS EA with scoping. . actions that protect, restore, and pursuant to loan contracts and security 179~ Proposals nonnally requ1rms an enhance the environment. In MsesSing instruments, including approvals of lien 1794.2~ 1794.29 (Reserved] the potential environmental impacts of accommodations, are not actions for the its actions, RUS will consult early with purposes of this part and the provisionsSubpart c-.-R;-~ure for Categ0ric8 appropriate FederaL State, and local of this part shall not apply to the Exdll8lons agencies and other organizations to exercise of such approvals. 1794.30 Ge~ral. provide decision-makers with 1794.31 Classification. information on the issues that are truly 11794.4 Metric ~ 1794.32 Environm~tal report. significant to the action in question. RUS normally will prepare 1794.33 Agency action. environmental documents using non- 1794.34-1794.39 [Reserved] 11794.2 Authortty. metric equivalents with one of the Subpart E-Procedure for Environmental (a) This part derives its authority from following two options; metric units in Assessments and is intended to be compliant with parentheses immediately following the 1794.40 Ge~ral. NEP A, CEQ Regulations for non-metric equivalents or a metric 1794.41 Document requirements. Implementing the Procedural Provisions conversion table as an appendix. 1794.42 Notice of a~ilability. of NEP A. and other RUS regulations. Environmental documents prepared by 1794.43 Agency fmdmg. (b) Where practicable, RUS will use or for a RUS applicant should follow the 1794.44 Timing of agency action. NEP A analysis and documents and same format. 1794.45-1794.49 (Reserved]i d t . t te therev ew proce ures 0 m egra Subpart F-Procedure for Environmental requirements of related environmental 11794.5 Responsible officials. .cA~...sments WIth Scoping statutes, regulations, and orders. The Administrator of RUS has the 1794.50 NomJal sequence. (c) This part integrates the responsibility for Ageocy compliance 1794.51 Preparation for scoplng. requirements of NEP A with other with all environmental laws, 1794.52 Scoping meetings. planning and environmental review regulations, and EOs that apply to RUS 1794.53 Environmental analysis. procedures required by law or by RUS programs and administrative actions. 1794.54 Agency determination. practice including oot not limited to: Responsibility for ensuring 1794.55-1794.59 (Reserved] (1) Endangered Species Act of 1973 environmental compliance for actions Subpart G-Procedure for Environmental (16 U.S.C. 1531 et seq.); taken by RUS has been delegated as aped Stat8nent8 (2) The National Historic Preservation follows: 1794.60 Normal sequence. Act (16 U.S.C. 470 et seq.); (a) Electric and Telecommunications 1794.61 Environmental impact statement. (3) Farmland Protection Policy Act (7 Programs. The appropriate Assistant 1794.62 Supplemental EIS. U.S.C. 4201 et seq.); Administrator is responsible for 1794.63 Record of decision. (4) E.O. 11593, Protection and ensuring compliance with this part for 1794.64 Timing of agency action. Enhancement of the Cultural the respective programs. 1794.65-1794.69 [Reserved] Environment (3 CFR, 1971 Comp., p. (b) Water and Waste Program. The SubpartH -AdoptIon of EnvWonmental 154); Assistant Administrator for this program Docum8lts (5) E.O. 11514, Protection and is responsible for ensuring compliance 1794. 70 Ge~ral. Enhancement of Environmental Quality with this part at the national level. The 1794.71 Adoption of an EA. (3 CFR, 1970 Comp., p. 104); State Director is the responsible official 1794.72 Adoption of an ElS. (6) E.O. 11988, Floodplain for ensuring compliance with this part 1794.73 Timing of agency action. Management (3 CFR. 1977 Comp., p. for actions taken at the State Office 1794.74 ~ration of environnM!ntal 117); level. materials. (7) E 0 11990 Protection of Wetlands 1794.75-1794.79 (Reserved] (3 CFR: 1977 Co~p., p. 121); and 11794.8 Definitions. Authority: 7 V.S.C. 6941 et SftJ., 42 V.S.C. (8) E.O. 12898, Federal Actions to The following definitions, as well as 4321 et SftJ.; 40 CFR Parts 1500-15~. Address Environmental justice in the definitions contained in 40 CFR part Subpart A-General Minority Populations and Low-Income 1508 of the CEQ regulations, apply to Populations (3 CFR, 1994 Comp.. p. the implementation of this part: 11794.1 Pwpo". 859). Applicant. The organization applying (a) This part contains the policies and (d) Applicants are responsible for for financial assistance or other procedures of the Rural Utilities Service ensuring that proposed actions are in approval from either the Electric or (RUS) for implementing the compliance with all appropriate RUS Telecommunications programs or the requirements of the National requirements. Environmental organization applying for a loan or grant Environmental Policy Act of 1969 documents submitted by the applicant from the Water and W~te program. (NEPA), as amended (42 U.S.C. 4321- shall be prepared under the oversight Construction Work Plan (CWP). The 4346); the Council on Environmental and guidance of RUS. RUS wili evaluate document required by 7 CFR part 1710. Quality (CEQ) Regulations for and be responsible for the accuracy of Emergency Situation. A natural Implementing the Procedural Provisions all information contained therein. disaster or system failure that may Federal Register/Vol. 63. No. 238/Friday. December 11. 1998/Rules and Regulations 68657 involve an immediate or imminent threat to public health, safety, or the human environment. Environmental Analysis (EVAL). The document submitted by the applicant for proposed actions subject to compliance with § 1794.24 and w)cfer special circumstances § 1794.25. Environmental Report (ER). The environmental documentation nonnally submitted by applicants for proposed actions subject to compliance with §§ 1794.22 and 1794.23. An ER for the Water and W ~te Program refers to the environmental review documentation nonnally included as part of the Preliminary Engineering Report. Environmental review. Any one or all of the levels of environmental analysis described under subpart C of this part. Equivalent Dwelling Unit (EDU). Level of water or w~te service provided to a typical rural residential dwelling. hnportant Land Resources. Defined pursuant to the U.S. Department of Agriculture's Departmental Regulation 9500-3, Land Use Policy, as important fannland, prime forestland, prime rangeland, wetlands, and floodplains. Copies of this Departmental Regulation are available from USDA, Rural Utilities Service, Washington, DC 20250. Loan Design. Document required by 7 CFR part 1737. Multiplexing Center. A field site where a telecommunications provider houses a device that combines individual subscriber circuits onto a single system for economical connection with a switching center. The combiner, or "multiplexer," may be m(X1nted on a pole, on a concrete pad, or in a partial or full enclosure such ~ a shelter, or small building. Natural Resource Management Guide. Inventory of natural resources, land uses, and environmental factors specified by Federal, State, and local authorities ~ deserving some degree of protection or special consideration. The guide describes the standards or types of protection that apply. PrelimlnaJy Engineering Report (PER). Document required by 7 CFR part 1780 for Water and Waste Programs. A PER is prepared by an applicant's engineering consultant documenting a proposed action's preliminary engineering plan and design and the applicable environmental review activities as required in this part. Upon approval by RUS, the PER, or a portion thereof, shall serve as the RUS environmental document. Supervisory Control and Data Acquisition System (SCADA). Electronic monitoring and control equipment installed at electric su~tations and switching stations. Third party Consultant. A party selected by RUS to prepare the EIS for proposed actions described in § 1794.25 where the applicant initiating the p~l agrees to fund preparation of the document in accordance with the provisions of 7 CPR Part 1789. "Use of Consultants Funded by Borrowers" and Section 759A of the Federal Agriculture Improvement and Refonn Act of 1996 (7 U.S.C. 2204b(b». t 1714.7 Guidance. (a) Electric and Telecommunications Programs. For further guidance in the preparation of public notices and environmental documents, RUS has prepared a series of program specific guidance bulletins. RUS Bulletin 1 794A-600 provides guidance in preparing the ER for proposed actions classified as categorical exclusions (CEs) (§ 1794.22(a» and RUS Bulletin l794A- 601 provides guidance in preparing the ER for pro~ actions which require EAs (§ 1 794.23(b) Telecommunications only and (c»;. Copies of these bulletins are available upon request by contacting Rural Utilities Service, Publications Office, PDRA. Stop 1522; 1400 Independence Avenue, SW; Washington, DC 2025(}-1522. (b) Water and Waste Program. RUS Bulletin l794A-602 provides guidance in preparing the ER for propmed actions classified ~ CEs (§ 1 794.22 (b» and EAs (§ l794.23(b». A copy of this bulletin is available upon request by contacting the appropriate State Director. State DireCtors may provide supplemental guidance to meet state and local laws and regulations and to provide for orderly application procedures and efficient service to applicants. State DireCtors shall obtain the Administrator's approval for all supplements to RUS Bulletin l794A- 602. Each State Office shall maintain an updated Natural Resource Management Guide and provide applicants with pertinent sections or a copy of the current edition thereof. H 1794.8-1794.9 (Reserved) Subpart B-Implementation of the National Environmental Policy Act t 1794. 1 0 Applicant F88ponstilties. As described in subpart C of this part, applicants shall prepare the applicable environmental documentation concurrent with a proposed action's engineering. planning. and design activities. RUS shall assist applicants by outlining the types of information required and shall provide guidance and oversight in the development of the documentation. Documentation shall not be considered complete until all public review periods, as applicable, have expired and RUS concurrence, as set forth in the appropriate decision document and associated public notice, has been issued. , 1794.11 Apply NEPA 88rIy kI the plannkig process. The environmental review process requires early coordination with and involvement of RUS. Applicants should consult with RUS at the earliest stages of planning for any proposal that may require RUS action. For proposed actions that normally require an EIS, applicants shall consult with RUS prior to obtaining the services of an environmental consultant. , 1794. 12 ConaId.-a1Ion of alternatives. In detennining what are re~onable alternatives, RUS considers a number of factors. These factors may include, but are not limited to, the proposed action's size and scope, state of the technology, economic considerations. legal and socioeconomic concerns, availability of resources, and the timeframe in which the identified need must be fulIllled. § 1794.13 ~IIC Invotveln8lt. (a) In carrying out its responsibilities under NEPA, RUS shall make diligent efforts to involve the public in the environmental review process through public notices and public hearings and meetings. (I) All public notices required by this part shall describe the nature, location. and extent of the pro~d action and indicate the availability and location of additional information. They shall be published in newspaper(s) of general circulation within the proposed action's area of environmental impact and the county(s) in which the proposed action will take place or such other places as RUS determines. (2) The number of editions in which the notices should be published will be specified in the Bulletins referenced in § 1794.7 or established on a project-by- project basis. Alternative forms of notice may also be necessary to ensure that residents located in the area affected by the proposed action are notified. The applicant should not publish notices for compliance with this part until so notified by RUS. (3) A copy of all comments received by the applicant concerning environmental aspects of the proposed action shall be provided to RUS in a timely manner. RUS and applicants shall ~ and consider public comments both individually and collectively. Responses to public comments will be appended to the applicable environmental document. 68658 Federal Resister/Vol. 63. No. 238/Friday. December 11. 1998/Rules and Regulations -- - (4) RUS and applicants shall make available to the public those project related environmental documents that RUS determines will enhance public participation in the environmental process. These materials shall be placed in locations convenient for the public as determined by RUS in consultation with applicants. Included with the documentation shall be a list of other project-related information that shall be available for inspection through a designated RUS or applicant contact person. (5) Public hearings or meetings shall be held at reasonable times and locations concerning environmental aspects of a proposed action in all cases where. in the opInion of RUS. the need for h~ or meetings is indicated in order to develop adequate infonnation on the environmental implications of the proposed action. Public hearings or meetings conducted by RUS will be coordinated to the extent practicable with other meetings. hearings. and environmental reviews which may be held or required by other Federal. state and local agencies. Applicants shall. as necessary. participate in all RUS conducted public he~ or meeting. (6) Scoping procedures. in accordance with 40 CFR 1501.7. are required for proposed actions normally requiring an EA with scoping (§ 1794.24) or an EIS (§ 1794.25). RUS may require scoping procedures to be followed for other proposed actions where appropriate to achieve the purposes ofNEPA. (b) The applicant shall have public notices described in this section published in a newspaper(s). Applicants shall obtain proof of publication from the newspaper(s) for inclusion into the applicable environmental document. Where the proposed action requires an EIS RUS shall, in addition to applicant published notices. publish notice in the Federal Register. In all cases. RUS may publish notices in the Federal Resister as appropriate. S 1794.14 ~ncy i~Iv8nMt 8Id coordination. In an attempt to reduce or eliminate duplication of effort with state or local procedures. RUS will, to the extent possible and in accordance with 40 CFR 1506.2. actively participate with any governmental agency to cooperatively or jointly prepare environmental documents so that one document will comply with all applicable laws. wme RUS has agreed to participate as a cooperating agency. in accordance with 40 CFR 1501.6. RUS may rely upon the lead agency's procedures for implementing NEP A procedures. In addition. RUS shall request that (a) The lead agency indicates that RUS is a cooperating agency in all NEPA-related notices published for the proposed action: (b) The scope and content of the EA or EIS satisfies the statutory and regulatory requirements applicable to RUS; and (c) The applicant shall infonn RUS in a timely manner of its involvement in a proposed action where another Federal agency is preparing an environmental document so as to pennit RUS to adequately fulfill its duties as a cooperating agency. f 1794.15 UInIt8IIGn8 ~ actions during the NEPA pr1)C8SS. (a) General. Until RUS concludes its environmental review process. the applicant shall take no action concerning the proposed action which would have an adverse environmental impact or limit the choice of reasonable alternatives being considered in the environmental review process (40 CPR 1506.1). (b) Electric Program. In detennining which applicant activities related to a proposed action can proceed prior to completion of the environmental review process. RUS must detennine. among other matters that (1) The activity shall not have an adverse environmental impact and shall not preclude the seM'ch for other alternatives. For example. purchase of water rights. optioning or transfer of land title. or continued use of land as historically employed will not have an adverse environmental impact. However. site preparation or construction at or near the proposed site (e.g. rail spur) or development of a related facility (e.g. opening a captive mine) normally will have an adverse environmental impact. (2) Expenditures are minimal. To be minimal, the expenditure must not exceed the amount of loss which the applicant could a~rb without jeopardizing the Government's security interest in the event the proposed action is not approved by the Administrator. and must not compromise the objectivity of RUS environmental review. Not withstanding other considerations. expenditures equivalent to up to 10 percent of the proposed action's cost mrmally will not compromise RUS objectivity. Expenditures for the purpose of producing documentation required for RUS environmental review are excluded from this limitation. 11794.18 Tlertng. It is the policy of RUS to prepare programmatic level analysis in order to tier an EIS and an EA where: (a) It is practicable, and (b) There will be a reduction of delay and paperwork, or where better decision making will be fostered (40 CFR 1502.20). 11794.17 Mitigation. (a) General. In addition to complying with the requirements of 40 CFR 1502.1400, it is RUS policy that a discussion of mitigative measures essential to render the impacts of the proposed action not significant will be included in or referenced in the Finding of No Significant Impact (FONSI) and the Record of Decision (ROD). (b) Water and Waste Program. (1) Mitigation measures which involve protective measures for environmental resources cited in this part or restrictions or limitations on real property located in the service areas of the propOsed action shall be negotiated with applicants and any relevant regulatory agency so as to be enforceable. All mitigation measures incorporating land use issues shall recognize the rights and responsibilities of landholders in making private land use decisions and recognize the responsibility of governments in influencing how land may be used to meet public needs. (2) Mitigation measures shall be included in the letter of conditions. (3) RUS has the responsibility for the post approval construction or security inspections or monitoring to ensure that all mitigation measures included in the environmental documents have been implemented as specified in the letter of conditions. H 1794.18-1794.19 (R...ved) Subpart C-Classlfication of Proposals 11794.20 Control. Electric and Telecommunications Programs. For environmental review purposes, RUS has identified aJxi established categories of proposed actions (§§ 1794.21 through 1794.25). An applicant may propose to participate with other parties in the ownership of a project where the applicant(s) does not have sufficient control to alter the development of the project. In such a case, RUS shall determine whether the applicant participants have sufficient control and responsibility to alter the development of the proposed project prior to determining its classification. Where the applicant proposes to participate with other parties in the Federal Register/Vol. 63, No. 238/Friday, December II, 1998/RuIes and Regulations 68659 ownership of a proposed project and all applicants cumulatively own: (a) Five percent or less of a project is not considered a Federal action subject to this part; (b) Thirty-three and one-third percent or more of a project shall be treated in its usual category; (c) More than five percent but less than 331/3 percent of a project, RUS shall determine whether the applicant participants have sufficient control and responsibility to alter the development of the proposal such that RUS's action will be considered a Federal action subject to this part. Consideration shall be given to such factors as: (1) Whether construction would be completed regardless of RUS financial ~istance or approval; (2) The stage of planning and construction; (3) Total participation of the applicant; (4) Participation percentage of each utility; and (5) Managerial arrangements and contractual provisions. t 1794.21 Cat8goricanyexcluded .-oPOS88- ~ an ER. (a) General. Certain types of actions taken by RUS do not normally require an ER. Proposed actions within this classification are: (1) The issuance of bulletins and information publications that do not concern environmental matters or substantial facility design, construction, or maintenance practices; (2) Procurement activities related to the operation of RUS; (3) Personnel and administrative actions; and (4) Repairs made because of an emergency situation to return to service damaged facilities of an applicant's system. (b) Electric and TelfN:Ommunlcations Programs. Applications for financial ~istance for the types of proposed actions listed in this paragraph (b) normally do not require the submission of an ER. These types of actions are subject to the requirements of § 1794.31. Applicants shall sufficiently identify all proposed actions so their proper classification can be determined. Detailed descriptions shall be provided for each proposal noted in this section. RUS normally requires additional information in addition to a description of what is being proposed, to ensure that proposals are properly classified. In order to provide for extraordinary circumstances, RUS may require development of an ER for proposals listed in this section. Proposed actions within this classification are: (1) Purchase of land where use shall remain unchanged, or the purch$e of existing water rights where no associated construction is involved; (2) Additional or substitute financial assistance for pro~ actions which have previously ~eived environmental review and approval from RUS, provided the scope of the proposal and environmental considerations have not changed;(3) Rehabilitation or reconstruction of transportation facilities within existing rights-of-way (ROW) or generating facility sites. A desaiption of the rehabilitation or reconstruction shall be provided to RUS; (4) Changes or additions to microwave sites, substations. switching stations, telecommunications switching or multiplexing centers. bwldings. or small structures requiring new physical disturbance or fencing of less than one acre (0.4 hectare). A description of the additions or changes and the area to be impacted by the expansion shall be provided to RUS; (5) Internal modifications or equipment additions (e.g., computer facUities. relocating interior walls) to structures or buildings; (6) Internal or minor external changes to electric generating or fuel processing facUities and related support structures where there is negligible impact on the outside environment. A description of the changes shall be provided to RUS; (7) Ordinary maintenance or replacement of equipment or small structures (e.g.. line support structures, line transformers. microwave facilities, telecommunications remote switching and multiplexing sites); (8) The construction of telecommunications facilities within the fenced area of an existing substation. switching station. or within the boundaries of an existing electric generating facility site. A description of the facilities to be constructed shall be provided to RUS; (9) SCADA and energy management systems involving no ~w external construction; (10) Testing or monitoring work (e.g., soil or rock core sampling, monitoring wells. air monitoring); (11) Studies and engineering undertaken to define propmed actions or alternatives sufficiently so that environmental effects can be assessed; (12) Construction of electric power lines within the fenced area of an existing substation, switching station. or within the boundaries of an electric generating facility site; (13) Contracts for certain items of eqwpment which are part of a proposed action for which RUS is preparing an EA or EIS, and which meet the limitations on actions during the NEP A process as established in 40 CFR 1506.1 (d) and contained in § 1794. 15(b)(2); (14) Rebuilding of power lines or telecommunications cables where road or highway reconstruction requires the applicant to relocate the lines either within or adjacent to the new road or highway easement or right -of-way. A description of the facilities to be constructed shall be provided to RUS; (15) Phase or voltage conversions, reconductoring or upgrading of existing electric distribution lines, or telecommunication facilities. A description of the facilities to be constructed shall be provided to RUS; (16) Construction of new power lines, substations, or telecommunications facilities on industrial or commercial sites, where the applicant has no control over the location of the new facilities. Related off-site facilities would be treated in their normal category. A description of the facilities to be constructed shall be provided to RUS; (17) Participation by an applicant(s) in any proposed action where total applicant financial participation wilt be five pa:cent or less; (18) Construction of a battery energy storage system at an existing generating station or substation site. A description of the facilities to be constructed shall be ~ded to RUS. (19) Additional bulk commodity storage (e.g., coal, fuel oil, limestone) within existing generating station boundaries. A certification attesting to the current state of compliance of the existing facilities and a description of the facilities to be added shali be provided to RUS; (20) Proposals designed to reduce the amount of pollutants released into the environment (e.g., precipitators, baghOU5e or scrubber installations, and coal washing equipment) which will have no other environmental impact outside the existing facility site. A description of the facilities to be constructed shall be provided to RUS; (21) Construction of standby diesel electric generators (one megawatt or less total capacity) and associated facilities, for the primary purpose of providing emergency power, at an existing applicant headquarters or district office, telecommunications switching or multiplexing site, or at an industrial, commercial or agricultural facility served by the applicant. A description of the facilities to be constructed shall be provided to RUS; (22) Construction of onsite facilities designed for the transfer of ash, scrubber wastes, and other byproducts from coal- 68660 Federal Register/Vol. 63. No. 238/Friday. December 11. 1998/Rules and Regulations fired electric generating stations for recycling or storage at an existing coal mine (surface or underground). A description of the facilities to be constructed shall be provided to RUS: (23) Changes or additions to an existing water well system, including new water supply wells and associated pipelines within the boundaries of an existing well field or generating station site. A description of the changes or additions shall be provided: and (24) Repowering or uprating of an existing unit(s) at a fossil-fueled generating station in order to improve the efficiency or the energy output of the facillty. Repowering or uprating that results in increased fuel consumption or the substitution of one fuel combustion technology with another is excluded from this classification. (c) Water and Waste Program. Appllcations for financial assistance for certain proposed actions do not normally require the submission of an ER. Applicants shall sufficiently identify all proposed actions so their proper classification can be detennined. These types of actions are subject to the requirements of § 1794.31. In order to provide for extraordinary circumstances, RUS may require development of an ER for proposals listed in this section. Proposed actions within this classification are: (1) Management actions relating to invitation for bids, award of contracts, and the actual physical commencement of construction activities: (2) Proposed actions that primarily involve the purchase and installation of office equipment or motorized vehicles: (3) The award of financial assistance for technical assistance, planning purposes, environmental analysis, management studies, or feasibility studies; and (4) Loan closing and servicing activities that do not alter the purpose, operation, location, or design of the proposal as originally approved, sum as subordinations, amendments and revisions to approved actions, and the provision of additional financial assistance for cost overruns. t 1794.22 Categorically excluded ~. requiring an ER. (a) Electric and Telecommunications Programs. Applications for financial assistance for the types of proposed actions listed in this section normally require the submission of an ER and are subject to the requirements of § 1794.32. Proposed actions within this classification are: (1) Construction of electric power lines and associated facilities designed~ for or capable of operation at a nominal vol~e of ei~: (I) Less that 69 kilovolts (kV); (il) Less than 230 kV if no more than 25 miles (40.2 kilometers) of line are involved; or (iii) 230 kV or greater involving no more than three miles (4.8 kilometers) of line; (2) Construction of buried and aerial telecommunications lines. cables. and related facilities; (3) Construction of microwave facilities. SCADA. and energy management systems involving no more than five acres (2 hectares) of physical disturbance at any single site; (4) Construction of cooperative or company headquarters. maintenance facilities. or o~ buildings involving no more than 10 acres (4 hectares) of physical disturbance or fenced property; (5) Changes to existing transmission lines that involve less than 20 percent pole replacement. or the complete rebuilding of existing distribution lines within the same ROW. Changes to existing transmission lines that require 20 percent or greater pole replacement wili be considered the same as new construction; (6) Changes or additions to existing substations. switching stations. telecommunications switching or multiplexing centers. or external changes to buildings or small structures requiring one acre (0.4 hectare) or more but no more than five acres (2 hectares) of new physically disturbed land or fenced property; (7) Construction of substations. switching stations. or telecommunications switching or multiplexing centers requiring no more than five acres (2 hectares) of new physically disturbed land or fenced property; (8) Construction of diesel electric generating facilities of five megawatts (MW) (nameplate rating) or less either at an existing generation or substation sites. This category also applies to a diesel electric generating facility of five MW or less that is located at or adjacent to an existing landfill site and supplied with refuse derived fuel. All new associated facilities and related electric power lines shall be covered in the ER; (9) Additions to or the replacement of existing generating units at a hydroelectric facility or dam which result in no change in the nonnal maximum surface area or normal maximum surface elevation of the existing impoundment. All rew associated facilities and related electric power lines shall be covered in the ER; (10) Construction of new water supply wells and associated pipelines not located within tOO boundaries of an existing well field or generating station site: and (11) Purchase of existing facilities or a portion thereof where use or operation will remain unchanged. The results of a facility environmental audit can be sumtituted for tOO ER. (b) Water and Waste Program. For certain proposed actions, applications for financial assistance normally require the submittal of an ER as part of tOO PER. These types of actions are subject to the requirements of § 1794.32. Proposed actions within this classification are: (1) Rehabilitation of existing fadlities, functional replacement or rehabilitation of equipment, or the construction of new ancillary fadlities adjacent or appurtenant to existing facilities, including but not limited to, replacement of utilities such as water or sewer lines and appurtenances for existing users with modest or moderate growth potential, reconstruction of curbs and sidewalks, street repaving, and building modifications, renovatiom, and improvements; (2) Fadlity improvements to meet current needs with a modest change in use, size, capacity, purpose or location from the original fadlity. The proposed action must be designed for predominantly residential use with other new or expanded users being small-scale, commercial enterprises having limited secondary impacts; (3) Construction of new facilities that are designed to serve not more than 500 EDUs and with modest growth potential. The proposed action must be designed for predominantly residential use with other users being small-scale, comrnerdal enterprises having limited secondary impacts; (4) The extension, enlargement or construction of interceptors, collection, transmission or distribution lines within a one-mile (1.6-kilometer) limit from existing service areas estimated from any boundary listed as follows: (i) The corporate limits of the community being served; (ii) If there are developed areas immediately contiguous to the corporate limits of a community, the limits of these developed areas; or (iii) If an unincorporated area is to be served, the limits of the developed areas: (5) Installation of new water supply wells or water storage facilities that are required by a regulatory authority or standard engineering practice as a backup to existing production well(s) or as reserve for fire protection; (6) Actions described in § 1794.21 (c) (4) which alter the purpose, Federal Register/Vol. 63, No. 238/Friday, December II, 1998/Rules and Regulations 68661 operation, location, or design of the proposed oction as originally approved, and such alteration is equivalent in magnitude or type as described in paragraphs (b) (1) through (b)(5) of this section; and (7) The lease or disposal of real property by RUS, which may result in a change in use of the real property in the reasonably fm-eseeable future and such change, is equivalent in magnitude or type as described in paragraphs (b) (1) through (b)(5). (c) Spedalized criteria for not granting a CE for Water and Waste Projects. An EA must be prepared if a proposed action normally classified as a CE meets any of the following: (1) Will either create a new or relocate an existing discharge to or a withdrawal from surface or ground waters; (2) Will result in substantial increases in the volume or the loading of pollutants from an existing discharge to receiving waters; (3) Will cause a substantial increase in the volume of withdrawal from surfoce or ground waters at an existing site; or (4) Would provide capacity to serve more than 500 EDUs or a 30 percent increase in the existing population whichever is larger. t 1794.23 Proposals nonnally r8qUh1ng an EA. RUS will normally prepare an EA for all proposed octions which are neither categorical exclusions (§§ 1794.21 and 1794.22) nor normally requiring an EIS (§ 1794.25). For certain actions within this class, scoping and document procedUl-es contained in §§ 1794.50 through 1794.54 sha1I be followed (see § 1794.24). The following are proposed actions which normally require an EA and shall be subject to the requirements of §§ 1794.40 through 1794.44. (a) General. Issuance or modification of RUS regulations concerning environmental matters. (b) Telecommunications and Water and Waste Programs. An EA sha1I be prepared for applications for financial assistance for all proposed actions not specifically defmed as a CE or otherwise specifically categorized by the Administrator on a case-by-case basis. (c) Electric Program. Applications for finandal assistance for certain proposed actions normally require the preparation of an EA. Pro~ actions falling within this classification are: (1) Construction of combustion turbine or diesel generating facilities of SO MW (nameplate rating) or less at a new site (no existing generating capacity) except for items covered by § 1794.22(a)(8). All new associated facilities and related electric power lines shall be covered in the EA; (2) Construction of combustion turbine or diesel generating facilities of 100 MW (nameplate rating) or less at an existing generating site, except for items covered by § I 794.22(a) (8). All new associated fadlities and related electric power lires shall be covered in the EA; (3) Construction of any other type of new electric generating facilities of 10 MW (nameplate rating) or less. All new associated facilities and related electric power lines shall be covered in the EA; (4) Repowering or uprating of an existing unit(s) at a fossil-fueled generating station where the existing fuel combustion technology of the affected unit(s) is substituted for another (e.g. coal or oil-fired boiler is converted to a fluidized bed boiler or replaced with a combustion turbine unit); (5) Installation of new generating units at an existing hydroelectric facility or dam, or the replacement of existing generating units at a hydroelectric facility or dam which will result in a change in the normal maximum surface area or normal maximum surface elevation of the existing impoundment. All new associated facilities and related electric power lines shall be covered in the EA ; (6) A new drillb1g operation or the expansion of a mining or drilling operation; (7) Construction of cooperative headquarters, maintenance, and equipment storage facilities involving more than 10 acres (4 hectares) of physical disturbance or fenced property; (8) The construction of electric power lines and related facilities designed for and capable of operation at a nominal voltage of 230 kV or more involvb1g more than three miles (4.8 kilometers) but not more than 25 miles (40 kilometers) of line; (9) The construction of electric power lines and related facilities designed for or capable of operation at a nominal voltage of 69 kV or more but less than 230 kV where more than 25 miles (40 kilometers) of power line are involved; (10) The construction of substations or switching stations requiring greater than five acres (2 hectares) of new physical disturbance at a sb1gle site; and (11) Construction of facilities designed for the transfer and storage of ash, scrubber wastes, and other byproducts from coal-fired electric generating stations that will be located beyond the existing fadlity site boundaries. t 1794.24 Proposals normaly requiring an EA with scoping. (a) General. Applications for f"mancial assistance for certain prop~d actions require the use of a scoping procedure in the development of the EA. These types of actions are subject to the requirements of §§ 1794.50 through 1794.54. RUS has the discretion to modify or waive the requirements listed in § 1794.52 for a proposed action in this category. (b) Electric Program. Proposed actions falling within this classification are: (1) The construction of electric power lines and related facilities designed for and capable of operation at a nominal voltage of 230 kV or more where more than 25 miles (40 kilometers) of power line are involved; (2) Construction of combustion turbines and diesel generators of more than 50 MW at a new site or more than 100 MW at an existing site; and the construction of any other type of electric generating facility of more than 10 MW but not more than 50 MW (nameplate rating). All new associated facilities and related electric power lines shail be covered in any EA or EIS that is prepared. (c) Telecommunications and Water and Waste Programs. There are no actions normally falling within this classification. t 1794.25 Pn»posai8 normally requiring an EIS. Applications for f"mancial assistance for certain proposed actions that may significantly affect the quality of the human environment shall require the preparation of an EIS. (a) Electric Program. An EIS will normally be required in connection with proposed actions involving the following types of facilities: (1) New electric generating facilities of more than 50 MW (nameplate rating) other than diesel generators or combustion turbines. All new associated facilities and related electric power lines shall be covered in the EIS; and (2) A new mining operation when the applicants have effective control (e.g., dedicated mine or purchase of a substantial portion of the mining equipment) . (b) Proposals listed above are subject to the requirements of §§ 1794.60. 1794.61.1794.63, and 1794.64. Preparation of a supplemental draft or final EIS in accordance with 40 CFR 1502.9 shall be subject to the requirements of §§ 1794.62 and 1794.64. (c) Telecommunications and Water and Waste Programs. No groups or sets of proposed actions normally require the preparation of an EIS. The I. 1~/Ru1~ and Regulations68662Federal Register/Vol. 63. No. 238/Friday. December environmental review process. as described in this part. shall be used to identify those proposed actlom for which the preparation of an EIS is necessary. If an EIS is required. RUS shall proceed directly to its preparatim. Prior completion of an EA is not mandatory. H 1794.2t-1794.29 (R..-vedJ Subpart O-Procedur8 for Categorical Exclusions 11794.30 General The procedures of this subpa't which apply to proposed actions classified as CEs in §§ 1794.21 am 1794.22 provide RUS with information necessary to determine if the proposed action meets the criteria for a CEo Where. beca~ of eXtnK)rdinary circumstances. a normally categorically excluded action may have a significant effect on the quality of the human environme", RUS may require additional environmental docwnentation. 11794.31 CI8uIftc8tIon. (a) Electric and Telecommunications Programs. RUS will normally detennine the proper environmental classification of projects based on its evaluation of the project description set forth in the constNctlon work plan or loan design which the applicant is required to submit with its applicaion for financial assistance. Each project must be sufficiently described to ensure its proper c~iflcation. RUS may require the applicant to provide additional information on a project where appropriate. (b) Water and Waste Program. RUS will normally determine the pI'oper environmental cl~iflcation for projects based on its evaluation of the preliminary planning and design information. 11~ E ~ r-.-t. (a) For proposed actions listed in § 1794.21 (b) and (c). the applicant is rxxma1ly not required to submit an ER. (b) For proposed actions listed in § 1794.22(a) and (b). the applicant shall nonnally submit an ER. Guidance in preparing the ER for Electric and Telecommunication proposals is contained in RUS Bulletin 1794A-600. Guidance in preparing the ER for Water and Waste proposals is contained In RUS Bulletin 1794A-602. The applicant may be required to publish public notices and provide evidence of such if the proposed action is located in, impacts, or converts important land ~. 11714.33 AQ8ncy 8ctIon. RUS may -=t on an application for ftnanctal asslstance upon determining. based on the review of documents as set forth in § 1794.32 and such additional Information as RUS deems necessary. that the project is categorically excluded. H 1794.34-17M.8 IR..v8d1 Subpart E-Procedure for Environmental .cA~"8ments 117MAG o J. This subpart applies to ~ actions described in § 1794.23. WheI'e appropriate to caTy out the p1rposes of NEP A. RUS may impose. on a case-by- case basis. additional requirements ~iated with the prepanKion of an EA. If at any polm in the preparation of an EA. RUS determines that the proposed action wlll have a significant effect on the quality of the human environment. the preparation of an ElS shall be required and the procedures in subpart G of this part shall be followed. 11~1 ~ ~r8m8ItL Applicants will provide an ER in accordance with the appropriate guidance documents referenced in § 1794.7. After RUS has evaluated the ERandhasdetermlnedtheER adequately ~ all applicable environmental issues. the ER will normally serve as RUS' EA. However. RUS reserves the right to prepare its own EA from the Information provided in the ER. RUS will take responsibility for the scope and content of an EA. 117NA2 NotIce or 8V8i8b8ty. Prior to RUS ma1dng a flnd1ng in accordance with § 1794.43 and upon RUS autlK>rlzation and guidance. the applicant shall have a notice published which announces the availability of the EA and solicits public comments on ~ EA. 11794.43 Agencyftnd~. (a) General.lfRUS fiOOs. ~ on an EA that the proposed action will not have a significant effect on the quality of the human envlrorunent. RUS will prepare a PONSI. Upon authorization of RUS. the applicant shall have a notice published which Informs ~ public of the RUS finding and ~ availability of the EA and FaNSI. The notice shall be prepared and published in accordance with RUS guidaoce. (b) Electric and Telecommunications Programs. RUS shall have a notice published in the Federal Re&ister that announces the availability of the EA and FONSI. 11794.44 Tknmg of 8g8ncy 8ctIon. RUS may take its final action on proposed ~tions requiring an EA (§ 1794.23) at any time after publication of the RUS and applicant notices that a FONSI has been made and any required review period ~ expired. When su~tantlve comments are received on the EA, RUS may provide an additional period (15 days) f(X' public review following the publication of Its FONSI detelmination. Final action shall not be taken until this review period has expired. H 1794.45-1794.49 (Reserved) Subpart F-Procedure for Environmental Ass.ssments With Scoping 11794..50 ~~. For proposed actions covered by § 1794.24 and other actions determined by the Administrator to require an EA with $coping. RUS and the applicant will follow the same procedures for scoping and the requirements f(X' notices and documents as for proposed actions normally requiring an EIS through the point at which ~ Environmental Analysis (EV AL) Is submitted (see § 1794.54). After the EV AL has been submitted. RUS will make a judgment to utilize the EV AL ~ its EA and ~ue a FONSI or prepare an EIS. 11794.51 Pr8.-r8t1on for scopmg. (a) As soon as practicable after RUS and the applicant have developed a schedule for the environmental review process. RUS shall have its notice of intent to prepare an EA or EIS (§ 1794.13) published in ~ Feder'aI ~ (see 40 CFR 1508.22). The applicant shall have published. in a timely manner, a notice similar to RUS. notice. (b) As part of the early planning. the applicant should consult with appropriate Federal. state. and local agencies to Infonn them of the pro~ action, identify permits and approvals which must. be obtained, and administrative procedures which must be followed. (c) Before formal scoping is initiated. RUS will require the applicant to submit an Alternative Evaluation Study and eitle- a Siting Study (generation) (X' a Macro-Corrtdor Study (transmlMlon lines). (d) The applicant Is encouraged to hold public infonnation meetings in the ~ location of the proposed action and any reasonable alternatives when such applicant meetings will make the scoping process more meaningful. A written summary of the comments mOM:1e 68663Federal Register/Vol. 63. No. 238/Friday. December 11. 1998/Rules and Regulations at such meetings must be submitted to RUS as soon as practicable after the meetings. 11794.52 &coping meetings. (a) Both RUS and the applicant shall have a notice published which announces a public scoping meeting is to be conducted, either in conjunction with the notice of intent or as a ~parate notice. (b) The RUS notice shall be published in the Federal Register at leMt 14 days prior to the meeting(s). The applicant's notice shall be published in a newspaper at least 10 days prior to the meeting(s). Other fornJS of media may also be used by the applicant to notice the meetings. (c) Where an environmental document is the subject of the hearing or meeting. that document will be made available to the public at least 10 days in advance of the meeting. (d) The scoping meeting(s) will be held in the area of the proposed action at such place(s) as RUS determines will best afford an opportunity for public involvement. Any person or repre~ntative of an organization, or government body desiring to make a statement at the meeting may make such statement in writing or orally. The format of the meeting may be one of two styles. It can either be of the traditional Style which features formal presentations followed by a comment period, or the open house style in which attendees are able to individually obtain information on topics or issues of interest within an established time period A transcript will be made of the scoping meeting. (e) As soon as practicable after the scoping meeting(s), RUS, as lead agency, shall determine the significant issues to be analyzed in depth and identify and eliminate from detailed study the issues which are not significant or which have been covered by prior environmental review. RUS will develop a proposed scope for further environmental study and review. RUS shall send a copy of this proposed scope to cooperating agencies and the applicant. and allow recipients 30 days to comment on the scope's adequacy and emphasis. After expiration of the 30-day period, RUS shall provide written guidance to the applicant concerning the scope of environmental study to be perf<X"lned and information to be gathered. 11794.53 Envt~ 8n8Iy8tL (a) Mter scoping procedures have been completed. RUS shall require the applicant to develop and submit an EV AL. The EV AL shall be prepared under the supervision and guidance of RUS staff and RUS shall evaluate and be responsible for the accuracy of all infonnation contained therein. (b) The EV AL will normally serve as the RUS EA. The EV AL can also serve as the basis for an EIS. and under such circumstances will be made an appendix to the EIS. After RUS has reviewed and found the EV AL to be satisfactory. the applicant shall provide RUS with a sufficient number of copies of the EV AL to satisfy the RUS distribution plan. (c) The EV AL shall include a summary of the construction and operation monitoring and mitigation measures for the prop~ action. These measures may be revised as appropriate in response to comments and other information. and shall be incorporated by summary or reference into the FONSI or ROD. t 1794.54 Agency d_rmln8tlon. Following the scoping process and the development of a satisfactory EA. RUS shall determine whether the proposed action is a major Federal action significantly affecting the quality of the human environment. If RUS determines the action is significant. RUS will continue with the procedures in subpart G of this part. If RUS determines the action is not significant, RUS will proceed in accordance with §§ 1794.42 through 1794.44. It 1794.55-1794.59 [Reserved] Subpart G-Procedure for Environmental Impact Statements t 1794.60 Monnal Mquence. For proposed actions requiring an EIS (see § 1794.25). the NEPA process shall proceed in the same manner as for proposed actions requiring an EA with scoping through the point at which the scoping process is completed (see § 1794.52). t 1794.61 EnvIroNneId8I npect 8tBt8nI8Id. (a) General. An EIS shall be prepared in accordance with 40 CFR part 1502. Funding, in whole or in part. for an EIS can be obtained from any lawful source (e.g.. cooperative agreements developed in accordance with Section 759A. Federal Agricultural Improvement and Reform Act of 1996. Pub. L. 104-127 and 31 U.S.C. 6301). A third-party consultant selected by RUS and funded by the applicant (7 CFR part 1789) may prepare the EIS. (1) After a draft or final EIS has been prepared, RUS and the applicant shall concurrently have a notice of availability for the document published. The time period allowed for review will be a minimum of 45 days for a draft EIS and 30 days for a final EIS. This period is measured from the date that the U.S. Environmental Protection Agency (EP A) publishes a notice in the Federal Register in accordance with 40 CFR 1506.10. (2) In addition to circulation required by 40 CFR 1502.19, the draft and final EIS (or summaries thereof, at RUS discretion) shall be circulated to the appropriate state, regional, and metropolitan clearinghouses. (3) Where a final EIS does not require su~tantial changes from the draft EIS, RUS may document required changes through errata sheets, insertion pages. and revised sections to be incorporated into the draft EIS. In such cases, RUS shall circulate such changes together with comments on the draft EIS, responses to comments, and other appropriate information as its final EIS. RUS will not circulate the draft EIS again, although RUS will provide the draft EIS if requested within 30 days of publication of notice of availability of the final EIS. (b) Electric Program. Where the applicant or its consultant has prepared an EV AL, RUS wili develop its draft and final EIS from the EV AL. An EV AL will not be required if a third-party consultant prepares the draft and final EIS. 11794.62 ~plem81d81 EIS. (a) A supplement to a draft or final EIS shall be prepared, circulated, and given notice by RUS and the applicant in the same manner (exclusive of scoping) as a draft and final EIS (see § 1794.61). (b) Normally RUS and the applicant will have published notices of intent to prepare a supplement to a final EIS in those cases where a ROD has already been issued. (c) RUS, at its discretion, may issue an information supplement to a final EIS where RUS determines that the purposes of NEP A are furthered by doing so even though such supplement is not required by 40 CFR l502.9(c)(1). RUS and the applicant shall concurrently have a notice of availability published. The notice requirements shall be the same as for a final EIS and the information supplement shall be circulated in the same manner as a final EIS. RUS shall take no final action on any proposed modification discussed in the information supplement until 30 days after the RUS notice of availability or the applicant's notice is published, whichever occurs later. 68664 Federal Register/Vol. 63. No. 238/Friday. December II. 1998/Rules and Regulations interested parties upon request. If the adopted EIS is not generally available, RUS shall have a public notice published informing the public of its action and will circulate copies of the EIS in accordance with 40 CFR 1502.19 and 40 CFR 1506.3. t 1794.73 TRine of agency action. Where RUS has adopted ano~r agency's enviromnental documents, the timing of the action shall be subject to the same requirements as if RUS had prepared the required EA or EIS. t 1794.74 InCOIpGration of enYk'onmental mBtertaIs. RUS may incorporate into its enviromnental documents, environmental documents or portions thereof prepared by state, or local agencies or other parties for purposes other than compliance with the requirements of NEP A. RUS will circulate the incorporated documents as a part of its EA or draft and final EIS in the same manner as if prepared by RUS. t 1794.75-1794.79 [Reserved) Dated: December 7. 1998. Jm Long Thompson. Under Secretary, Rural Development. IFR Doc. 98-32882 Filed 12-10-98; 8:45 am) BI.l.MG CODE Mt"'~ t 1794.63 Record of dedsIon. (a) Upon completion of the review period for a final EIS. RUS will have its ROD prepared in accordance with 40 CPR 1505.2. (b) Separate RUS and applicant notices of availability shall be published concurrently. The notices shall summarize the RUS decision and announce the availability of the ROD. Copies of the ROD will be made available upon request from the point of contact identified in the notice. t 1794.84 Dnkig of agency action. (a) RUS may take its final action or execute commitments on proposed actions requiring an EIS or Supplemental EIS at any time after the ROD has been published (b) For budgetary purposes some finandal assistance may be approved conditionally with a stipulation that no funds shall be advanced until a ROD has been prepared. It 1794.65-1794.69 [RMWYed) Subpart H-Adoption of Environmental Documents t 1794.70 General. This subpart COvers the adoption of environmental documents prepared by other Federal agencies. Where applicants partidpate in proposed actions for which an EA or EIS has been prepared by or foc another Federal agency. RUS may adopt the existing EA or EIS in accordance with 40 CFR 1506.3. t 1794.71 AdoptIon of an EA. RUS may adopt a Federal EA or EIS or a portion thereof as its EA. RUS shall make the EA available and assure that notice is provided in the same manner as if RUS had prepared the EA. t 1794.72 ~ of an as. (a) Where RUS determines that an existing Federal EIS requires additional information to meet the standards for an adequate statement for RUS proposed action. RUS may adopt all or a portion of the EIS as a part of its draft EIS. The circulation and notice provisions for a draft and {"mal EIS (see § 1794.61) apply. (b) If RUS was not a cooperating agency but determines that another Federal agency's EIS is adequate. RUS shall adopt that agency's EIS as its final EIS. RUS and the applicant shall have separate notices published advising of RUS adoption of the EIS and independent determination of its adequacy. (c) If the adopted EIS is generally available and meets RUS standards. RUS shall have a public notice published informing the public of its action and availability of the EIS to APPENDIX E ADNR APPLICAnON FOR EASEMENT RIGHT-OF-WAY PERMIT STATE OF ALASKA DEPARTMENT OF NATURAL RESOURCES DIVISION OF MINING, LAND AND WATER 0 0 0Northern Region 3700 Airport Way Fairbanks. AK 99709 (907) 451-2740 Southeast Region 400 Willoughby, #400 Juneau, AK 99801 (907) 465-3400 Southcentral Region 550 W 7th Ave., Suite 90OC Anchorage, AK 99501-3577 (907) 269-8552 APPLICATION FOR EASEMENT AS 38.05.850 Non-refundable application fee: $100. ACL. (t) ~ j~ ., by 1t8t8) Aoolicanfs Name Doina busirwss as: .Mailina Address E-Mai: . Citv/State/ZlD Messaae Phone () Work Ptta. ( ) Sac. Sec. # and/or Tax ID .. Is applicant a non~t OOOperative assoaa&n? ( ] ~ ( ] no. If yes, 818 ~u applying br 8n exemption under AS 38.05.850(b)? [ ] yes ( ] no. If yes. please submit proof of nonprofit status (e.g. b)'oI8wa. erUa. aflnQJfPOf8llan, lax statement). Meridian Section Section 1/4,.1/4. 1/4,.1/4 locatOO of activity/Lega' Descriptk)n: Municipality Township. - , Range T own,hip . - . , Range (- ... ~ - ".-- Speciftc purpose of easement (e.g. electric utIity, fiber-optic ooOOult or catM. teleoommunlcatbns tower, ~d. br'Kige, ai~trlp/airport, driveway, trail. drainage), and type of anticipated tramc (e.g. plane, truck. heavy equipment): Explain Are yoo ap~lng for the DMsk)n of MIning, land and Water k) ~ s Public E888ment? V. 0 No O. Are you applying to be granted a Private Esl8ment? Ves 0 No O. (NoW: Annual r8nt8I fee rwqu~ fa' prtt'ate 888m8nt) -See 11 AAC 05.010 r8g8nIrIg '- for f8d8r81 81d Ioc8I ~ ~..:-. Date St8mp: 102.112 (Rn. 10101)1 STATE OF ALASKA DEPARTMENT OF NATURAL RESOURCES . DIVISION OF MINING, LAND AND WATER 0 0Northern Region 3700 Airport Way Fairbanks, AK 99709 (907) 451-2740 [X]Southeast Region 400 Willoughby, #400 Juneau, AK 99801 (907) 465-3400 SouthcentraJ Region 550 W 7th Ave., Suite 90OC Anchorage, AK 99501-3577 (907) 269-8552 INSTRUCTIONS FOR COMPLETING A DEVELOPMENT PLAN A development plan is a written statement (nanative) and a sketch or bluefine nwing desalbing the proposed use aJxj development of state land. The infOm1ation contained In a devel~ment plan is needed to provide a complete review of the application and the proposed use and development, and helps to determine the terms and conditions of the authorization and the level of bonding and insurance that may be required. Most appIk:ations submitted to the Division of Mining, Land and Water must have an attached development plan. The few exceptions to this rule include applications for state land sales and some types of land use pennil The amount and type of informatk>n included in the development plan will depend on the proposed use and level of development. Insuff"lCient information in the development plan and'or appl~tion or failure to prome a development plan may result in a delay in processing the appI~tion. If you are unsure whether your applk:atk>n Wll require a development plan, contact the regiooaJ office responsible for managing the area you are planning to use (regional ~ addresses and phone numbers are shown at the top of this sheet). If the appIkation Is approved, the approved development plan becomes a part of the authorizatkx1 doo.ment Authorized activities are limited to those described In the development plan and/or authorization document The development plan must be updated If changes to an approved project are proposed before or during the projecfs siting, construction, or operation; If any additional ~ures, buikfings, or Improvements are proposed; or If there Is a change In activity that was not addressed during considerab1 of the appIk:ation. Please note that these deve~t plans or plan changes must be approved by the DMsial of Mining, Land and Water .bi!Q[g any change ~rs i1 use, consmJctk)n, or actMty. Conducting activities that are not authorized by the development plan and authorization document could result In revocation and termination of the authorization and/or other appropriate legal action. I. General Guidelines for Preoarfna a Develooment Plan For new authorlzatk)ns, the development plan must show the proposed improvements and/or use areas, as well as preconstruction plans. For existing authorizations without a current development plan or If the development plan Is being updated, the plan must show existing Improvements and/or use areas, etc., and any known future changes. The development plan must Include: . . Maps: a USGS map at a scale of at least 1 :63,360 showing the k)catIcx1 of U18 Prq)O8ed project; a blueline drawing or sketch, drawn to scale (the attached d"lagram may be used); and - . Written Project description: a detailed written descriptk>n (narrative) of the mended use and level of devetoprnent planned under the authorization and an explanation of the sketch or blueline drawing. II. land Use PI([DIts PenT1anent Improwments cannot be autt1orlzed by a land use permit. However, a development plan accompanying.. a land use permit application must describe nonpermanent structures and actMtles. (Nonpermanent structures are structures that can be easily and quickly taken down and removed from the site, without any signifICant disturbance or damage to the area.) Several of the specific development plan items listed below will not apply to activities authorized under a land use permit; those items that do apply shoukj be descrbed In as mlx:i1 detail as possible, to enable prompt review of the apprlCation. If the proposed land use permit activity Is of a mobile nature, sld1 as a permit to move heavy equipment across state land, a. development plan Is not required; but a map showing the proposed route-of travel is required. If the Impact wouki not have a significant effect on the environment, sld1 as a permit to harvest wild produce. a development plan is not required, but a map showing the location of the pr~ hSlVest area is required. III. Narrative oortfon of the develooment alan Descri>e the type of ~ or development planned for the site; specify if any facilities are intended for commercial use, or will be rented o~ and provtde a description and explanation of the items shown on the sketch or bluellne. Following is a list of specific information to be included In the narrative, if aDDlicable tD the proposed project: 1O2-DEVPL (Rev. ~) VICINITY MAP ~Pr8P8I8d:~tWr.-. STATE OF ALASKA DEPARTMefr OF NA1URAL RESOuRCEs aVISION OF MINNa. lAND AND WATER DIAGRAM ~) - T ~ = ~ . MIi.~~'-- ~1.. &EET-OF ~. 2. Power Plant Review and Report by Steigers Corporation Bethel Power Plant Environmental Permitting Requirements Assessment Prepared for NUVISTA LIGHT & POWER, CO. Anchorage, Alaska Prepared by Steigers Corporation Littleton, Colorado November 2003 TABLE OF CONTENTS 1.0 INTRODUCTION 1 2.0 PROJECT DESCRIPTION 2 2.1 Alternative 1 – Land-Based Coal-Fired Power Plant 3 2.2 Alternative 2 – Barge-Mounted Coal-Fired Power Plant 4 2.3 Alternative 3 – Combustion Turbine Plant 4 3.0 CONSULTATION 8 4.0 COMMENTS ON THE PROPOSED PROJECT 9 4.1 State of Alaska 9 4.2 Federal Agencies 10 .3 Others 12 5.0 ENVIRONMENTAL ISSUES AND MAJOR PERMITTING REQUIREMENTS 13 5.1 Alaska Coastal Zone Management 13 5.2 Air Quality 14 5.3 Water Quality 17 5.4 Wetlands and Navigable Rivers 20 5.5 Fish Habitat 22 5.6 Floodplain Development 24 5.7 Air Traffic 25 5.8 NEPA Compliance 25 5.9 Field Data Collection 30 5.10 Potential Permits and Approvals for Bethel Power Plant 31 6.0 PLANNING-LEVEL COST ESTIMATE AND SCHEDULE 32 7.0 REFERENCES 33 LIST OF FIGURES Figure 1 Aerial Photo of Bethel and Vicinity Showing Proposed Bethel Power Plant 6 Locations Figure 2 Photo of an Existing Air-Supported Coal Storage Structure 7 ATTACHMENT ATTACHMENT 1 Initial Consultation Letter, Bethel Power Plant Project Description, Parties to Whom the Initial Consultation Letter Was Sent and Responses. Bethel Power Plant November 2003 Permitting Report Steigers Corporation 1 Bethel Power Plant Environmental Permitting Requirements Assessment 1.0 INTRODUCTION Nuvista Light & Power, Inc. (Nuvista) is evaluating the feasibility of constructing and operating an energy generation facility near the community of Bethel, Alaska. Three alternatives for power production are being considered: • Alternative 1 – a land-based coal-fired power plant • Alternative 2 – a barge-mounted coal-fired power plant • Alternative 3 – diesel-fired combustion turbines. Brief descriptions of the three power plant alternatives are provided in Section 2. The proposed power plant would be developed for two purposes: 1) sell wholesale power to local utilities for resale to their customers, an endeavor that would ultimately serve approximately 40 communities and villages in the region and distribute hot water to meet local district heating needs in Bethel and 2) supply electrical power directly to the proposed Donlin Creek Gold Mine, which is currently under exploration by Placer Dome, Inc. and NovaGold Resources, Inc. Steigers Corporation was retained by Bettine, LLC on behalf of Nuvista Light & Power, Co. to assess the environmental and permitting requirements for the Bethel Power Plant and appurtenant structures. The conclusions of this assessment are included in this report. Issues related to development of the transmission line system have been addressed in a separate report, "Environmental Planning for the Proposed Bethel Power Plant and Transmission Line," prepared by Travis/Peterson Environmental Consulting, Inc. (Travis/Peterson 2003). Development of the Donlin Creek Gold Mine is not part of the Bethel Power Plant proposal, and specific environmental issues and permitting requirements related to its construction and operation are not addressed here. Bethel Power Plant November 2003 Permitting Report Steigers Corporation 2 2.0 PROJECT DESCRIPTION Nuvista proposes to construct the Bethel Power Plant near Bethel, Alaska. Bethel is located in southwest Alaska about 400 air miles west of Anchorage. It is situated on the Kuskokwim River about 60 miles upstream of the river’s mouth at Kuskokwim Bay on the Bering Sea. Bethel has a population of about 5,500 and is the commercial and transportation hub of the Yukon Delta. Access to Bethel is by air or the Kuskokwim River. Bethel is located within the Yukon Delta National Wildlife Refuge, a large area of low-lying tundra, wetlands, intertidal mud and sand flats, and small lakes. The preferred location for Bethel Power Plant Alternative 1 or Alternative 3 is a site approximately 1 mile south of Bethel in Section 20 of Township 8 North, Range 7 West of the Seward Meridian at an elevation of approximately 50 feet mean sea level. A photograph showing the proposed location of the facility and the associated facility dock, access roads, and cooling pond is provided as Figure 1. Alternatives 1 and 2 would differ from one another primarily in the location and configuration of their nearly identical facility components. Alternative 2 would have the coal-fired power plant mounted on barges anchored at a nearby site (also in Section 20) in the Kuskokwim River. The proposed location of the barge-mounted coal plant is shown in Figure 1. All proposed locations for the Bethel Power Plant are situated on private property. The power plant alternatives are described below. In addition to the facility site itself, each of the alternatives involves developing a number of linear support features outside the facility boundary, including a variety of pipelines and conveyor systems. While parts or all of the facility sites per se may be expected to experience extensive disturbance during construction, the proposed off-site pipeline and conveyor systems have been designed to minimize surface disturbance and avoid the need to develop permanent rights-of-way for maintenance. Likewise, while the selected plant site will experience continuous human activity throughout the operations phase, the off-site facilities should be relatively free of project-related activity over the long term. All alternatives propose the use of a naturally occurring, approximately 78-acre pond for steam- cycle cooling of the power generation facilities (see Figure 1). The pond is located generally south of the proposed facility sites and would be connected to the power plant by heavily insulated, 2- to 3-foot-diameter pipelines elevated 6 to 8 feet above the ground on driven piles or small A-frame towers. Use of a cooling pond rather than forced-air cooling towers would reduce construction costs and also substantially reduce annual operating costs. However, should further investigation indicate overriding environmental constraints associated with using the existing pond as a cooling pond, the cooling tower option would be revisited. All alternatives also propose to capture waste heat from the power plant and distribute hot water via a district heating system. The district heating system will include a central heat exchange station located about midway between the power plant and Bethel and more than 6 miles of main trunk lines leading from the power plant to the Bethel Municipal Airport and to the town of Bethel and beyond. The main trunk lines will consist of 14- to 16-inch pipes hung from pilings and elevated about 2 feet above the ground. As currently envisioned, the district heating system Bethel Power Plant November 2003 Permitting Report Steigers Corporation 3 main trunk lines will follow existing roads and streets. It is estimated that the captured waste heat would displace nearly all of the fuel oil currently used by Bethel Utilities to supply Bethel’s power needs, approximately 3.5 million gallons annually. The existing Bethel Utilities power plant houses about 10 MW of diesel generation, which would likely remain operational to provide additional standby/backup power for the proposed Bethel Power Plant. Other features common to all alternatives include a dock on the Kuskokwim River and new access roads from the plant site(s) to an existing road to Bethel. These roads will likely be two lanes and of dirt/gravel construction. 2.1 Alternative 1 – Land-Based Coal-Fired Power Plant The proposed land-based coal-fired power plant would consist of two atmospheric pulverized coal-fired boilers each powering a 48-MW steam turbine, plus one 46-MW diesel-fired simple- cycle combustion turbine, for a total installed capacity of 142 MW. The power plant would generate approximately 670,000 MWh annually. The two coal-fired steam turbines would provide primary power, with the combustion turbine providing standby/backup generation. It is estimated that the combustion turbine will generate approximately 3 percent of the annual generation, or about 20,000 MWh per year. The land-based coal-fired plant would burn about 300,000 short tons of coal annually. The project proposes to use a high-BTU, very low-sulfur coal from the Black Bear Mine in Canada as the coal supply for the power plant. The coal would be shipped from Canada in self-off-loading freighters and transferred to barges in the area of Goodnews Bay for movement up the Kuskokwim River to the Bethel Power Plant facility’s barge unloading station and dock. Coal deliveries would occur during the open water season from the end of May through the end of September each year. From the unloading station, the coal will be transported approximately one-half mile to the coal storage pile at the power plant by means of a covered conveyor belt. The conveyor belt system will be elevated 12 to 20 feet above the ground by steel A-frame towers mounted on small concrete surface pads over pilings. The conveyor belt will parallel a new road between the dock and the plant. To minimize blowing coal dust, the coal would be stored in a large covered building such as the air-supported structure shown in Figure 2. A 3-million-gallon fuel tank would be built at the site to store the fuel oil for the combustion turbine. Under this alternative, where the combustion turbine serves only as a backup unit, the incrementally small amount of diesel fuel needed will likely be purchased from the existing tank farm in Bethel and trucked to the power plant. In addition to the coal-fired boilers and the combustion turbine and their associated pumps and control room, other features of the land-based coal-fired alternative include additional coal conveyors and various coal-handling equipment, an approximately 1-acre blowdown pond, an electrical switchyard and associated 138-kV transmission lines to Bethel, and the initial section of the district heating system. The proposed land-based coal-fired power plant facility would occupy approximately 80 acres. Exhaust stack height is estimated at approximately 120 feet. Bethel Power Plant November 2003 Permitting Report Steigers Corporation 4 The land-based coal-fired power plant would generate approximately 33,000 tons of ash annually. The ash will be processed as it is produced by adding 6 percent Portland cement and 16 percent water to form approximately 40,000 tons of gravel-like aggregate. The aggregate can be put to beneficial use locally and regionally for road construction or in concrete as a substitute for gravel. 2.2 Alternative 2 – Barge-Mounted Coal-Fired Power Plant The barge-mounted coal-fired power plant alternative would occupy two barges off the Kuskokwim River plus adjacent land for coal and diesel fuel storage and other facility features. Each barge would be 100 feet wide by 300 feet long and has a draft of about 8 feet; together the barges would occupy less than 2 acres. The barges would be set in place by digging a channel into the river bank of sufficient width, length, and depth to float the barges into position. Once the barges are in place, an armored berm would be built between the barge channel and the river to protect the barges from ice flows during spring breakup and to provide an earthen platform for unloading supplies. The barges would be located in the floodplain of the river at a location where there is little elevation difference in the bank and the river. Each barge would accommodate a 48-MW atmospheric pulverized coal-fired power plant. One of the two barges would also accommodate a 46-MW diesel-fired simple-cycle combustion turbine as standby generation. The total installed capacity would be 142 MW. Under this alternative, the power plant would generate approximately 670,000 MWh annually. As with the land-based coal-fired power plant alternative, it is estimated that the combustion turbine would generate approximately 3 percent of the annual generation, or about 20,000 MWh per year. The barge-mounted coal-fired plant would burn about 300,000 short tons of coal annually. Details of the coal supply, coal delivery, and coal storage systems for the barge-mounted coal- fired power plant are expected to be similar to those described for the land-based coal-fired power plant, including covered storage for the coal pile. Likewise, diesel fuel for the backup combustion turbine will be obtained locally. Processing and disposition of ash wastes would be the same as for the land-based coal-fired power plant alternative. The 300,000 tons of coal storage and a single 3-million-gallon fuel storage tank would be located on the adjacent river bank directly above the barges, and these would be connected to the generating facilities by a short conveyor and pipeline, respectively. Other auxiliary features of the barge-mounted coal-fired power plant alternative, including the blowdown pond and the electrical switchyard, would also be located in this area, which would occupy approximately 80 acres. Exhaust stack height for the barge-mounted plant is estimated at approximately 120 feet, which would place the top of the stack 60 to 70 feet above the top of the adjacent river bank. There are significant cost savings to the project for the barge-mounted coal plant over the land- based coal plant. 2.3 Alternative 3 – Combustion Turbine Plant The combustion turbine alternative would consist of a 151-MW combined-cycle plant consisting of three simple-cycle, 42-MW combustion turbines, plus one or two heat recovery steam turbine Bethel Power Plant November 2003 Permitting Report Steigers Corporation 5 generators with a total capacity of 25 MW. Under this alternative, the power plant would generate approximately 670,000 MWh annually. The power plant would burn #2 diesel fuel, of which it would consume about 35 million gallons annually. The diesel fuel needed to fire the combustion turbine plant would be delivered by barge to the facility dock and pumped to the facility diesel fuel storage tanks via an aboveground pipeline. The fuel pipeline will be 8 to 12 inches in diameter and will be elevated 2 feet above the ground. The fuel pipeline would parallel the new road between the dock and the plant site mentioned above. Fuel storage requirements would be 25 million gallons annually, and the fuel would be stored in eight, 3.1 million gallon bermed tanks. Auxiliary features of the combustion turbine alternative include an electrical switchyard, the associated 138-kV transmission lines to Bethel, and the initial section of the district heating system. The entire combustion turbine facility would occupy approximately 40 acres. Exhaust stack height is estimated at approximately 75 feet. No ash would be generated by the combustion turbine power plant alternative. Bethel Power Plant November 2003 Permitting Report Steigers Corporation 6 Bethel Power Plant November 2003 Permitting Report Steigers Corporation 7 Bethel Power Plant November 2003 Permitting Report Steigers Corporation 8 3.0 CONSULTATION Input from interested parties is important in determining the permitting requirements for a project, defining the scope of the environmental analysis, and ensuring that concerns of these parties are considered from the earliest stages of project planning and development. A letter was developed and presented initiating consultation with potentially interested parties, including State of Alaska and federal resource and regulatory agencies, municipalities in the vicinity of the proposed project, potentially affected native communities, and other stakeholders. The initial consultation letter included the project description provided in Sections 1 and 2, above, and solicited input from recipients regarding: • federal, state, or local permits that will or may be required for the construction and operation of any of the three alternatives • general or specific resource issues and concerns that should be addressed in the environmental analysis of any of the three alternatives • existing information that would help in conducting accurate and thorough analysis of the effects of the project • specific resource studies that will or may need to be conducted • existing or reasonably foreseeable projects or activities that should be considered in the assessment of cumulative impacts. The initial consultation letter described why Nuvista is proposing that development of the Bethel Power Plant, the Donlin Creek Gold Mine, and the transmission line from Bethel to the mine be evaluated independently and requested cooperation of recipients with this approach. A copy of the initial consultation letter, the project description, and the list of parties to whom the initial consultation letter for the Bethel Power Plant was sent is provided in Attachment 1. All but a few of these letters were transmitted on September 2, 2003, with a request for responses by October 1, 2003. A few others were mailed later in response to referrals from the initial recipients or requests from additional interested parties. Bethel Power Plant November 2003 Permitting Report Steigers Corporation 9 4.0 COMMENTS ON THE PROPOSED PROJECT Written responses were received from 11 entities contacted by means of the initial consultation letter. These responses are summarized below, and copies of the letters are provided in Attachment 1. 4.1 State of Alaska Three responses to the initial consultation letter were received from the Alaska Department of Natural Resources (ADNR). • Ms. Kerry Howard, ADNR Office of Habitat Management and Permitting, referred future consultation on the project to Mr. Robert F. McLean, ADNR Office of Habitat Management and Permitting, Fairbanks Area Office, and to Ms. Sue Magee, ADNR Office of Project Management and Permitting, for coordination of project review for consistency with the Alaska Coastal Management Program (ACMP) (ADNR 2003a). These individuals have been added to the project distribution list. • Ms. Sue Magee and Ms. Cynthia Zuelow-Osborne, ADNR Office of Project Management and Permitting, ACMP, each provided a copy of the Coastal Project Questionnaire and Certification (CPQ) form that is used to determine whether the final proposal will require a coordinated review for consistency with state and local standards of the ACMP (ADNR 2003b, ADNR 2003c). Ms. Zuelow-Osborne also referred the project to sources of information on local standards and requirements as Mr. John Malone, City of Bethel Planning Department, and, outside the City of Bethel, Mr. John Oscar, Cenaliulritt Coastal Resource Service Coordinator. These individuals have been added to the project distribution list. One response to the initial consultation letter was received from the Alaska Department of Environmental Conservation (ADEC). • Tom Chapple, Director, ADEC Division of Air and Water Quality, indicated that ADEC will require an air quality control construction permit and an air quality control operating permit for the project (ADEC 2003). These may be subject to federal Clean Air Act New Source Performance Standards (NSPS), in which case the project may be required to collect ambient air quality data and meteorological data representative of the airshed in the vicinity of the project and to conduct a case-by-case assessment of control technologies for the project. With regard to water quality permits, ADEC may, depending on the design flow and cooling water discharge conditions, require a state non-domestic wastewater discharge permit or (more likely) an Environmental Protection Agency (EPA) National Pollutant Discharge Elimination System (NPDES) permit; water quality standards for temperature and thermal discharge would apply. If a Clean Water Act Section 404 permit is required by the U.S. Army Corps of Engineers (ACOE), ADEC water quality staff would need to Bethel Power Plant November 2003 Permitting Report Steigers Corporation 10 evaluate and certify compliance with state water quality standards under Section 401 of the Clean Water Act. Mr. Chapple provided a number of ADEC contacts for specific permitting tasks. He also directed the project to contact Stan Foo of the ADNR Office of Project Management and Permitting regarding consistency review under the ACMP and indicated that the project scope for National Environmental Policy Act (NEPA) review will be delineated by the lead federal agency in charge of the review. 4.2 Federal Agencies Six responses to the initial consultation letter were received from federal resource and regulatory agencies. • Mr. Bill Allen, State Director, U.S. Department of Agriculture, Rural Development, stated that his office supports the state administration concerning resource development. He had no specific recommendations (USDA 2003). • Mr. William W. Wood, State Biologist, U.S. Department of Agriculture, Natural Resources Conservation Service (NRCS), indicated that the agency has an established field office in the town of Bethel and that a copy of the initial consultation letter would be forwarded to the District Conservationist in charge of that service area (NRCS 2003). NRCS's initial interest in the Bethel Power Plant Project would focus on: administration and documentation of the public participation process; potential impacts to private property natural resources; potential impacts to wetland, water, plant, soil erosion and sedimentation; and wildlife and fisheries resources. • Ms. Nora J. Braman, Contracting Officer, Acquisition and Real Estate, U.S. Department of Transportation, Federal Aviation Administration (FAA) provided an FAA form that must be completed for coordination and evaluation by the FAA Air Traffic and Frequency Management Divisions and submitted with a topographic map marked with the location of the plant site (FAA 2003). The FAA expressed concerns over the potential for the power plant to generate ice fog that could adversely affect the Bethel airport and the possible adverse affects on instrument procedures at the Bethel airport. • Mr. James W. Balsiger, Administrator, Alaska Region, National Marine Fisheries Service (NMFS), identified NMFS's two areas of concern related to the project as the potential impact on Essential Fish Habitat (EFH) for salmon in the Kuskokwim River and all tributaries within the project boundaries and the potential impact on marine mammals. Specific EFH concerns for the Bethel Power Plant Project are all potential impacts to five species of Pacific salmon in the Kuskokwim River, e.g., cooling water source, fish species present in the proposed cooling pond, and proposed access road stream crossings. The federal action agency must prepare an EFH assessment for any action that may Bethel Power Plant November 2003 Permitting Report Steigers Corporation 11 adversely affect EFH; requirements of the EFH assessment, as well as a reference to NMFS's EFH website, are provided in the response letter. NMFS subsequently reviews the EFS assessment and offers conservation recommendations to protect EFH. Mr. Balsiger also offered guidance on compliance with the Endangered Species Act of 1973 (ESA), pointing out that, in addition to including threatened or endangered species that may occur near Bethel, Section 7 consultation must address threatened or endangered species that may occur along marine routes. NMFS's concerns are the potential for petroleum fuel spills and the potential impact of marine traffic transiting the Beaufort Sea on migration of the endangered bowhead whale. • Mr. Gary Edwards, Acting Regional Director, U.S. Fish and Wildlife Service (USFWS), stated that the USFWS believes that the entire scope of the project should be comprehensively evaluated, including direct, indirect, and cumulative project impacts, "as is required under [NEPA] . . . when project components are so interrelated as to be inseparable." According to the USFWS, this would include the transmission line, power plant and other power generation alternatives, the Donlin Creek mine, the road to the mine, and secondary power distribution to Yukon Delta and Kuskokwim River villages. The scope of the NEPA analysis would be determined by the lead federal agency. Mr. Edwards reiterated comments on the project previously provided by Michael B. Rearden, Yukon Delta National Wildlife Refuge Manager), i.e., lands within National Wildlife Refuge selected by but not yet conveyed to Alaska Native corporation are managed as any other refuge land and any development on such lands would require a right-of-way (ROW) permit from USFWS; decision on a ROW permit would look at the existence of feasible and prudent alternatives that would not impact refuge values; refuge use must be compatible with the purposes for which the refuge was established and with the mission of the refuge system as a whole. If a ROW permit is required, feasibility study and environmental analysis of the project will need to be prepared for the USFWS application, including: assessment of cost and schedule for preparation of an EIS necessary to evaluate a ROW permit for construction of the primary transmission line or secondary transmission lines within the Yukon Delta National Wildlife Refuge and a complete description of all project features including the power plant, hot water pipelines, central heat exchange, conveyor system, dock, coal and fuel transfer and storage areas, the Goodnews Bay coal transfer site, cooling water requirements, ash and cooling water disposal areas, dreded material disposal areas, transmission lines, and electric power substations. Project evaluation should also include assessment of factors that could impact USFWS trust responsibilities, including: potential impacts of project features on migratory birds; potential impacts of project features on fish and wildlife populations and habitat and on subsistence activities; construction timing and other methods to minimize impacts to fish, wildlife, habitat, and subsistence activities; stream crossing methods and buffer strip retention along transmission lines; fuel transportation, storage, and spill prevention plans; presence of endangered species and the potential for adverse impacts from direct or indirect effects to listed species or designated critical habitat at locations of all project Bethel Power Plant November 2003 Permitting Report Steigers Corporation 12 features; delineation of wetlands and assessment of wetland functional values to aid in assessment of impacts to fish and wildlife and their habitats; assessment of potential secondary development in the villages that could potentially impact fish and wildlife populations and habitat and subsistence activities; methods to mitigate adverse impacts on the environment, including methods to avoid and minimize impacts to fish and wildlife populations and habitat and subsistence activities. • Mr. Don R. Rice, Lead Project Manager, U.S. Army Corps of Engineers (ACOE, "the Corps"), U.S. Army Engineer District, Alaska, outlined Corps jurisdiction pursuant to Section 10 of the Rivers and Harbors Act of 1899 for permitting certain structures or work in or affecting navigable waters of the U.S. The Kuskokwim River is a navigable waterway as defined by ACOE, Alaska District. Mr. Rice also outlined Corps jurisdiction pursuant to Section 404 of the Clean Water Act for permitting placement or discharge of dredged and/or fill material into waters of the U.S., including wetlands. A number of criteria that would establish Corps jurisdiction over the federal (NEPA) review of the project were discussed. With regard to the scope of the NEPA assessment, the Corps is precluded from "piecemealing" projects for analysis and permitting. "If the power plant and mine are in fact tied together in an economic analysis, we cannot separate the power plant from the mine. The power plant must demonstrate an independent utility to be permitted as a separate action . . . . To consider the Bethel power generation facility a separate project the plant must be an economically viable project independent of the mine." Mr. Rice concluded that to date it appears that the Donlin Creek Mine is an integral part of the Bethel Power Plant Project and that the Corps is not convinced that the power generation facility and the mine are independent projects. 4.3 Others One response to the initial consultation letter was received from parties other than State of Alaska and federal resource and regulatory agencies.. • Ms. Meera Kohler, President and CEO, Alaska Village Electric Cooperative, Inc. (AVEC) provided several suggestions for revising Figure 1 of the project description included with the initial consultation letter (AVEC 2003). Bethel Power Plant November 2003 Permitting Report Steigers Corporation 13 5.0 ENVIRONMENTAL ISSUES AND MAJOR PERMITTING REQUIREMENTS Because the Bethel Power Plant is in the initial feasibility design phase and because a number of alternatives are still being considered, final selection, design, location, and operation of project facilities are not known. Consequently, it is not possible to precisely delineate all environmental issues that may arise as a result of the project as it will ultimately be defined. Therefore, this section will focus on major environmental issues likely to be associated with one or more of the power plant alternatives and on the major permitting requirements associated with these issues. Environmental issues and permitting requirements addressed in this section include: • Alaska Coastal Zone Management • Air Quality • Water Quality • Wetlands and Navigable Rivers • Fish Habitat • Floodplain Development • Air Traffic • NEPA Compliance 5.1 Alaska Coastal Zone Management The sites proposed for development of the Bethel Power Plant fall within the State of Alaska’s Coastal Zone (ADNR 2003c). The project would likely affect two coastal zone management areas, the City of Bethel Coastal Management District and the Cenaliulriit Coastal Regional Service Area. Projects proposed within the Alaska Coastal Zone must conform to Alaska’s Coastal Management Program (ACMP) and are subject to an ACMP Consistency Review. The ACMP Consistency Review, administered by the ADNR Office of Project Management and Permitting (OPMP) is a multiple-agency review process intended to determine the project’s consistency with the standards of the ACMP and with enforceable policies of approved district coastal management programs. The Consistency Review will require the Bethel Power Plant Project to submit a Coastal Project Questionnaire (CPQ), which OPMP and various state and federal agencies will then review for program consistency. The CPQ requires completion of the detailed questionnaire and submittal of information about the Bethel Power Plant, as well as a detailed project description and a topographic map showing the project location. All information necessary to complete the CPQ should be available from investigations and data collection for other permits. OPMP’s permit coordination process includes an evaluation of all permit applications submitted for the project. Copies of all permit applications must be submitted to the OPMP to complete the project’s Coastal Project Questionnaire submittal. OPMP forwards copies of these permit applications to all state and federal agencies that have permit requirements for the project. These agencies have the opportunity to review all applications submitted for the project and to provide comments to OPMP. Based on the information received from this review process, OPMP makes Bethel Power Plant November 2003 Permitting Report Steigers Corporation 14 a determination as to the consistency of the project with ACMP and issues a finding for approval or denial of the project. Before an agency can approve a permit application, a positive ACMP finding from OPMP must be received. While the ACMP Consistency Review is merely a review and approval process and not a permit itself, it incorporates coordination of a review of the CPQ and all permit applications by all interested state and federal agencies. Since the review period for the ACMP Consistency Review does not start until a complete CPQ has been submitted, accurate preparation of the CPQ is a very important part of the project permitting effort. Coordination with the affected agencies will greatly facilitate successful completion of the CPQ and substantially reduce the potential for delays in the review process. Once the ACMP Consistency Review is complete, approval is valid indefinitely unless the project is modified. 5.2 Air Quality Any of the three generating alternatives proposed for the Bethel Power Plant will require an air quality control construction permit and an operating permit from the Alaska Department of Environmental Conservation (ADEC). The air quality construction permit is based on projecting future air quality conditions by dispersion modeling of emissions specified for the proposed equipment and site-specific pre-construction meteorological and air quality data. The air quality construction permit will allow the construction and initial operation of the coal-fired boilers and/or diesel-fired combustion turbines proposed under either Alternative 1, Alternative 2, or Alternative 3 for the Bethel Power Plant. Once operation of the Bethel Power Plant commences, the project would apply for an operating permit, which would be based on actual emissions resulting from operation of the completed facility. Because it is a post-construction requirement, the air quality operating permit will not be addressed further in this report. As a new fossil-fuel-fired source of air pollutant emissions with a heat input rating of more than 250 MMBtu/hr and the potential to emit more than 100 tons per year of nitrogen oxides (NOx), carbon monoxide (CO), sulfur dioxide (SO2), and particulate matter (PM10), the Bethel Power Plant will require a Prevention of Significant Deterioration (PSD) air quality construction permit. ADEC will grant air quality construction permit approval if the proposed facility: • Demonstrates that the expected air quality impacts from the facility will not cause an exceedance or contribute to an existing exceedance of the National/State Ambient Air Quality Standards (NAAQS) or exceed PSD increments • Meets the applicable emission standards or, depending on the vintage and history of the emitting units, New Source Performance Standards (NSPS) for new air emission units. Under Alternatives 1 and 2, the proposed facility would use two atmospheric pulverized coal-fired boilers to supply high-pressure steam to 48-MW steam turbines, plus one 46- MW diesel-fired simple-cycle combustion turbine, for a total installed capacity of 142 MW. The boilers will likely be subject to 40 CFR 60 Subpart Da (NSPS for electric utility steam generating units). Under Alternative 3, the proposed facility would consist Bethel Power Plant November 2003 Permitting Report Steigers Corporation 15 of a 151-MW combined-cycle plant including three simple-cycle, 42-MW combustion turbines, plus one or two heat recovery steam turbine generators with a total capacity of 25 MW. • Demonstrates that the air quality impacts will not adversely affect Air Quality-Related Values (AQRVs), such as visibility, vegetation, soils, and related growth. The construction permit application will request operating conditions, including those for the emission control equipment, to ensure that the Bethel Power Plant will comply with Alaska’s air quality control regulations. 5.2.1 Emission Limits The boilers will be subject to federal NSPS, Subpart Da, which sets the upper limits for the emission rates of NOx, PM10, and SO2. The NSPS limits that apply to the boilers are: • NOx = 0.18 lb/MMBtu • PM10 = 0.03 lb/MMBtu (99 percent control efficiency) • SO2 = 0.60 lb/MMBtu (70 percent control efficiency). PSD review for the Bethel Power Plant will likely require several types of analyses, including assessment of the Best Available Control Technology (BACT) for of NOx, PM10, SO2, and carbon monoxide (CO). Technologies that may need to be addressed in the BACT analysis include: • NOx -- selective non-catalytic reduction (SNCR) • CO -- good combustion control • PM10 -- baghouse • SO2 -- limestone injection. The Bethel Power Plant may also emit sufficient quantities of acid gases (hydrogen chloride, hydrogen fluoride) and heavy metals (e.g., beryllium) and thus be classified as a major source of hazardous air pollutants (HAPs). Major HAP sources may be subject to Maximum Achievable Control Technology (MACT) requirements. It is expected that the emission controls that would be installed as BACT to control criteria air pollutants would also constitute MACT for acid gases and heavy metals under Section 112(g) of the Clean Air Act. Though EPA is in the process of developing such regulations, it is not currently known to what degree coal-fired power plants will need to control their mercury emissions. However, some mercury control techniques for coal-fired utility boilers include: • advance coal cleaning • carbon filter beds (99 percent mercury control) • wet scrubbing (90+ percent control for water soluble species, limited control for elemental mercury) • selenium filters (90 percent mercury control) Bethel Power Plant November 2003 Permitting Report Steigers Corporation 16 • activated carbon injection (50 to 90 percent mercury control). It will be important to determine the mercury content of the coal to be fired in the Bethel Power Plant boilers and closely follow the development of EPA regulations. Possible mercury control methods should be evaluated during engineering and design of the facility in case the need arises to retrofit the exhaust stream to further control emissions. The region in which the Bethel Power Plant is proposed to be located is classified as an attainment area for all criteria pollutants. Therefore, installation of the Lowest Achievable Emission Rate (LAER) controls and acquiring emission offsets will not be required. 5.2.2 Ambient Air Quality Analyses The primary task in the construction permit application process involves dispersion modeling of NOx, CO, PM10, and SO2 emissions to demonstrate that the proposed Bethel Power Plant will comply with NAAQS and PSD increments. It is expected that EPA’s refined dispersion model for industrial sources, AERMOD, will be adequate to demonstrate compliance. The surrounding terrain is not hilly or mountainous, so use of a complex terrain model should not be required. A key step in the NAAQS and PSD increment compliance demonstration for the facility will be securing representative meteorological and ambient air quality data to conduct the dispersion modeling analyses. In general, meteorological data must be collected on site for a 1-year period before air quality permitting can begin, but this requirement may be waived if representative meteorological data from a nearby location is available for use in the dispersion modeling. The EPA's SCRAM website lists 6 years (1984 through 1989) of surface-level National Weather Service (NWS) office meteorological data for Bethel. Typically, more recent data would be necessary to support PSD modeling. It is likely that the National Climatic Data Center (NCDC) will have more recent data and, therefore, that 5 years of representative NWS data could be obtained for Bethel Power Plant emissions dispersion modeling. Obtaining suitable NWS data would preclude the need for the project to collect 1 year of on-site meteorological data. The air quality analysis would be initiated by contacting the National Climatic Data Center to obtain the most recent 5 years of representative surface and mixing height meteorological data for the NWS station in Bethel. The location of the NWS station would be compared to those of the two proposed project sites to assess the representativeness of the meteorological data for modeling. The meteorological data would be reviewed for completeness to determine if they meet PSD data quality requirements, and the available data parameters would be assessed to determine which EPA-approved dispersion models the data would support. The results of this review would be presented to ADEC for its concurrence with the use of the existing Bethel NWS meteorological data for conducting the ambient air quality modeling analysis in support of construction permitting for the Bethel Power Plant. Collection of ambient air quality data is another requirement for PSD permitting. However, this requirement can be avoided if dispersion modeling predicts ambient air quality impacts from the facility that are less than the de minimis monitoring concentrations. Therefore, if the NWS meteorological data are deemed by ADEC to be suitable and representative for conducting the Bethel Power Plant November 2003 Permitting Report Steigers Corporation 17 dispersion modeling, a dispersion modeling analysis can be conducted using stack parameters and emissions as currently envisioned. If the results of the modeling analysis indicate that the impacts are higher than de minimis monitoring concentrations, the project may seek ADEC’s concurrence with the use of existing air quality data to represent the ambient air quality background concentrations for the region and, if necessary, to fulfill the requirements for pre- construction air quality monitoring. 5.2.3 Air Quality-Related Values A PSD construction permit applicant must perform an AQRV analysis to ensure that environmental values (i.e., visibility, flora, fauna, etc.) are not adversely affected by the total pollutant concentration they will experience as a result of emissions from the proposed source, any recently permitted (but not yet operating) sources in the area, and existing sources. The AQRV analysis must include a cumulative air quality analysis in which the proposed source and any recently permitted (but not operating) sources in the area are modeled. This total modeled concentration is then added to measured ambient levels to assess the effect of all anticipated ambient concentrations on AQRVs. No Class I air quality areas (specified national parks, wilderness areas, national wildlife areas, or native American lands) exist in close proximity to the proposed locations for the Bethel Power Plant. Furthermore, no other large sources of pollutants that might potentially contribute to cumulative air quality impacts occur in the area. Finally, because the project will utilize BACT, impacts to soil and vegetation are not anticipated to be significant. Therefore, it is not likely that an AQRV analysis would result in adverse impacts to AQRVs. 5.3 Water Quality All three alternatives for the Bethel Power Plant would utilize an approximately 79-acre naturally occurring freshwater pond for the recirculation of condenser cooling water from the steam turbines. Because of the preliminary nature of this evaluation, the facility’s wastewater discharge has not yet been thoroughly characterized. Plant process water would be treated to meet State Water Quality Standards before being discharged into the cooling pond, and so the most significant component of the facility’s wastewater discharge is likely to be elevated temperatures. However, the volume of condenser cooling water required to be circulated under each of the three alternatives is not known at this time and, therefore, the resulting temperature regime of the cooling pond has not been modeled. Likewise, the biological characteristics of the proposed cooling pond, including fisheries, other aquatic species, and wildlife, are not known, so potential impacts to these systems from wastewater discharge to the pond cannot be predicted at this time. Also, the proposed cooling pond may be hydrologically connected to local groundwater aquifers and the nearby Kuskokwim River, and the potential for impacts to these systems from changes in the cooling pond temperature would need to be investigated. If disposal of the Bethel Power Plant’s thermal effluent and operational wastewater requires discharge of wastewater or pollutants to waters of the U.S., it will be necessary to secure a National Pollutant Discharge Elimination System (NPDES) Wastewater Discharge Permit as mandated by the Clean Water Act. NPDES permitting for industrial wastewater discharges is Bethel Power Plant November 2003 Permitting Report Steigers Corporation 18 regulated by U.S. Environmental Protection Agency (EPA) Region 10 in the State of Alaska. Preparation of an NPDES permit requires the State to complete a Clean Water Act Section 401 Certification, which is the state’s certification that the proposed discharge meets all State- mandated Water Quality Standards (18 AAC 70) and that the discharge will not result in unacceptable environmental impacts. Therefore, NPDES permit preparation would be completed by the EPA, and the Section 401 Certification would be completed by ADEC. One alternative to use of the proposed cooling pond is the installation of forced-air cooling towers to provide all of the necessary cooling for plant operations. Installation of forced-air cooling towers would eliminate the need for the cooling pond and, likewise, the need for an NPDES permit and Section 401 Certification for cooling water. Elimination of these permitting requirements could significantly reduce the overall permitting effort and cost of the project. Installation of forced-air cooling towers would also eliminate the need for NEPA compliance triggered by the NPDES permitting process (but not necessarily NEPA compliance that might be triggered by other federal actions). 5.3.1 NPDES Permit If the 79-acre pond for the recirculation of condenser cooling water from the steam turbines is selected as the preferred alternative, the Bethel Power Plant Project will be required to submit an NPDES permit application to EPA prior to commencement of plant operations. It will be necessary to collect on-site data and conduct thermal modeling, including information on the quantity and quality of raw water to be withdrawn from the cooling pond, as well as the quantity and quality of effluent and other related information, prior to developing the NPDES permit application. Following receipt of the application, EPA will prepare the NPDES Wastewater Discharge Permit. It is likely that the only difficulty that would prevent issuance of the draft NPDES permit might be meeting State standards for approval of the Section 401 Certification and identification of unmitigable impacts from the thermal discharge. The State Section 401 Certification will be prepared concurrently with the draft NPDES permit and, following completion of both, the draft NPDES permit will be submitted for public comment. Public opinion of a project such as this is very difficult to forecast and could affect the permit processing schedule. By addressing any public concerns early in the permitting process, it is usually possible to limit or eliminate delays resulting from public opposition. Though securing an NPDES permit for the facility’s wastewater discharge will require a significant level of effort, there are no indications that such an effort would be impossible unless the project identified significant impacts or was unable to meet State Water Quality Standards. The greatest impact to project development would likely be the uncertainty associated with the schedule for securing the final permit. EPA’s backlog, field and technical studies needed to meet the requirements for a State Section 401 Certification, or public opposition could all delay final permit approval. If this option is to be considered, it is recommended that the project consult with EPA and ADEC staff after the wastewater discharge requirements for operations are established to identify and quantify any areas of concern. If the project has done a thorough job Bethel Power Plant November 2003 Permitting Report Steigers Corporation 19 in addressing the concerns of EPA and ADEC during preparation of the draft permit, then it is unlikely public opposition will result in significant project delays. Because this action requires a federal approval for a new source of a wastewater discharge, it is likely that EPA will require the project to undergo NEPA compliance. EPA will likely require preparation of Environmental Assessment (EA), and if this assessment demonstrates that project development will not result in a significant environmental impact, NEPA requirements will have been met. If it is determined that project development may result in environmental impacts, EPA will require preparation of an Environmental Impact Statement (EIS). EA and EIS requirements are discussed in greater detail in the NEPA Compliance section of this document. 5.3.2 Section 401 Certification ADEC will conduct an antidegradation review and a water quality review after receipt of an NPDES permit application and a Section 401 Certification application from the project. The Section 401 Certification will be completed concurrently with the draft NPDES Permit and will identify any potential problems with the proposed discharge. It is assumed that, through treatment, all constituents of the facility’s wastewater discharge other than temperature will meet State Water Quality Standards. It will be up to OCMP to determine potential impacts and make recommendations as to allowable thermal discharges to the cooling pond. Once allowable discharge limits have been established, a variety of design alternatives will be evaluated to maintain thermal discharges at or below these limits. It will likely be necessary to study temperature impacts to the proposed cooling pond and any other potentially connected waters before ADEC would approve the facility’s proposed discharge. At a minimum, this will require thermal modeling to identify the extent of the thermal impact to fisheries, other aquatic species, and wildlife associated with the cooling pond. State Water Quality Standards also include a clause that allows a facility to petition for a variance from the thermal standard if it is shown that the established temperature limit is more stringent than what is necessary to protect the resource. Further evaluation will be necessary to determine if this variance will be available to the Bethel Power Plant. Issuance of the Section 401 Certification will depend on the nature of the impacts identified from the facility’s discharge. Additional analysis may be required to quantify these impacts before ADEC will issue the Section 401 Certification. ADEC may also request that the Alaska Department of Fish and Game (ADF&G) provide its comments on the Section 401 Certification prior to issuing its approval to ensure fisheries issues are adequately addressed. The Section 401 Certification will be issued with the draft NPDES permit, assuming no significant problems are identified. Processing time could depend on the number of Section 401 Certifications being prepared by ADEC at the time of application submittal. 5.3.3 NPDES Stormwater Discharge Permit for Operations As an industrial facility, the Bethel Power Plant will need an NPDES Permit for stormwater discharges associated with industrial operational activities. This permit is administered by EPA Bethel Power Plant November 2003 Permitting Report Steigers Corporation 20 and would be authorized under a Multi-Sector General Permit that has been issued to the State of Alaska. The major requirement for this permit will be a demonstration that stormwater discharged from the facility and its associated property to waters of the State does not contain pollutants. Testing for contaminants at the stormwater outfall and demonstrating that control structures are in place to effectively contain all potential pollution will effectively meet this requirement. A Stormwater Pollution and Prevention Plan (SWPPP) detailing the location and effectiveness of control structures, sampling techniques and frequencies, pollutants stored on site, and reporting requirements will be developed as a condition of the permit. An evaluation of the facility for appropriate maintenance and installation of Best Management Practices to prevent sediment and pollution from entering waters of the State through stormwater discharge will provide the basis for developing the SWPPP. EPA will work with the permittee to ensure that an agreement is reached that will allow coverage under an NPDES Stormwater Discharge Permit. It is possible to include the analysis and application for the NPDES Stormwater Discharge Permit with that for the NPDES Wastewater Discharge Permit. 5.4 Wetlands and Navigable Rivers The site proposed for construction of Bethel Power Plant Alternative 1 or Alternative 3 occupies low-lying tundra areas, wetlands, and ponds. Alternative 2 proposes construction and/or dredging and filling within the floodplain of the Kuskokwim River to accommodate barge- mounted power plant units. All three power plant alternatives propose the use of a naturally occurring, approximately 79-acre pond for steam-cycle cooling of the power generation facilities (see Figure 1). Any or all of these activities would likely trigger federal permitting under the Clean Water Act and/or the Rivers and Harbors Act. The Corps regulates impacts to wetlands and waters of the U.S. by enforcing the requirements of Section 404 of the Clean Water Act. Section 404 requires that a Department of the Army permit be obtained for the placement or discharge of dredged and/or fill materials into waters of the U.S., including wetlands. For regulatory purposes, the Corps defines wetlands as those areas that are inundated or saturated by surface water or groundwater at a frequency and duration sufficient to support, and under normal circumstances do support, a prevalence of vegetation typically adapted for life in saturated soil conditions. Land-clearing operations involving vegetation removal with mechanized equipment, windrowing of vegetation, land leveling, or other soil disturbances in wetlands are considered placement of fill material under Corps jurisdiction. Given the proposed location of the Bethel Power Plant relative to the prevalence of wetlands, it is likely that significant involvement will be required by the Corps in applying its regulatory requirements for wetlands disturbance under Section 404. Consequently, it is necessary to consider potential impacts to these resources as project development proceeds. Development of the power plant and appurtenant conveyors and pipelines may require one or more wetlands permits. A site investigation and wetland delineation/determination will be necessary to determine the extent to which project development will impact regulated wetlands and waters of the U.S. Bethel Power Plant November 2003 Permitting Report Steigers Corporation 21 Likewise, the Corps regulates construction of certain structures or work in or affecting navigable waters of the U.S. pursuant to Section 10 of the Rivers and Harbors Act of 1899. 5.4.1 Section 404 Nationwide Permit The nature and extent of the wetlands to be developed have a significant influence over the permitting requirements and degree of permitting difficulty. Under many circumstances, temporary disturbance to wetlands resulting from certain construction and development activities can be completed under a Corps Section 404 Nationwide permit (Nationwide permit) to meet federal regulatory requirements. Securing a Nationwide permit generally is a straightforward procedure requiring minimal time, effort, and expense to complete and, as a rule, does not require wetlands mitigation. Some aspects of project development may be covered under Nationwide permit(s), however the bulk of most project development activities would require an Individual permit, the details of which are discussed below. These issues will need to be discussed in consultation with the Corps prior to project development. 5.4.2 Section 404 Individual Permit Depending on the existing biological characteristics of the pond designated for development as the project cooling pond, the design of proposed inlet and outlet structures, and the nature of physical impacts resulting from its operation as a cooling pond (e.g., water temperature, water surface elevation), use of this natural feature as a cooling pond could result in significant impacts to wetlands and their functional values. Consequently, its development could require a more involved and complicated wetlands permitting effort. Other wetland areas would also be impacted by surface disturbance related to construction of the power plant and its appurtenant structures. Significant disturbance to wetlands typically requires a Section 404 Individual permit (Individual permit), and the level of effort necessary to secure an Individual permit can vary greatly but usually requires a fairly significant permitting effort. Assuming that an Individual permit is required for development of the cooling pond, it is likely that the Corps would include all wetland-related impacts from project development under the Individual permit in order to evaluate all project-related impacts cumulatively. This would preclude the need for additional Nationwide permits for other project development activities. Securing an Individual permit would require field investigations, including wetland delineations, wetlands mitigation, and possibly habitat assessments for federally listed threatened and endangered species. It will also be necessary to evaluate the project area to determine that high value wetlands will not be affected by project development. Preparation of an Individual permit would also require the State of Alaska to complete a Clean Water Act Section 401 Certification The greatest concerns for project development that could result from disturbance of wetlands requiring an Individual permit would be a long processing time for approval of the permit and the possibility of the Corps requiring significant mitigation for impacts to wetlands. It is not possible to accurately determine the degree of permitting difficulty without a more thorough Bethel Power Plant November 2003 Permitting Report Steigers Corporation 22 assessment of the project area and consultation with the Corps. In addition, if an Individual permit were required for project development, then it is possible that issuance of this permit would be considered a major federal action, which would result in the application of NEPA requirements to the project. If the project were to install forced-air cooling towers to provide plant cooling in place of the cooling pond alternative, project development might be able to proceed with a lesser wetlands permitting effort for plant construction and the installation of other appurtenances. As stated previously, this level of wetlands disturbance might typically be permitted through one or more Nationwide permits, and securing these permits usually requires a reasonable level of effort. Thus, the need for an Individual permit and the associated 401 Certification for wetland disturbances would possibly be reduced, though this is a Corps decision and cannot be determined at this time. Elimination of Individual permit requirements through the Corps could significantly reduce the overall permitting effort and cost of the project. Elimination of the Individual 404 permit would also reduce the federal requirement for NEPA compliance for Section 404 permitting (but not necessarily NEPA compliance that might be triggered by other federal actions). 5.4.3 Section 401 Certification Approval of an Individual permit from the Corps would also require securing a Section 401 Certification from ADEC as mandated by the Clean Water Act. Disturbances from development in wetlands can result in impacts to water quality downstream from the area of disturbance. ADEC will require the project to demonstrate that the appropriate controls will be used to prevent impacts that degrade water quality beyond the State Water Quality Standards. It is assumed that the project will be able to meet these requirements and that there will be no complications in securing this certification. 5.4.4 Rivers and Harbors Act Corps jurisdiction under the Rivers and Harbors Act is limited to "navigable water" or to waters subject to the ebb and flow of the tide shoreward to the mean high water mark that may be used to transport interstate or foreign commerce. The Kuskokwim River is a navigable waterway as defined by the ACOE, Alaska District. All alternatives propose the construction of at least dock and barge-unloading facilities adjacent to the Kuskokwim River, and Alternative 2 proposes construction and/or dredging and filling within the river floodplain. Tradeoffs between the Clean Water Act Section 404 and the Rivers and Harbors Act Section 10 permitting requirements for the different alternatives could become a significant factor in the final choice of Bethel Power Plant alternatives. 5.5 Fish Habitat All three alternatives for the Bethel Power Plant involve aquatic habitats and, therefore potentially, fish habitat. The Kuskokwim River, which will host at least dock and barge- unloading facilities under all alternatives and also constructed mooring accommodations for the Bethel Power Plant November 2003 Permitting Report Steigers Corporation 23 barge-mounted power plants under Alternative 2, is considered by NMFS to be Essential Fish Habitat (EFH) for five species of salmon under the Magnuson Stevens Fishery Conservation and Management Act. The Kuskokwim River is also catalogued as an anadromous fish stream by the Alaska Department of Fish and Game (ADF&G) (ADF&G 2003). The fisheries status of the naturally occurring pond that has been designated for development as the project cooling pond for all three power plant alternatives is not known, nor is its hydrologic relationship to the Kuskokwim River or to other potential fish habitats. Both federal and State resource agencies have an interest in fish habitat in Alaska, including the National Oceanic and Atmospheric Administration’s NMFS and the Alaska Department of Natural Resources, Office of Habitat Management and Permitting. 5.5.1 Essential Fish Habitat Assessment In its response to the initial consultation letter for the Bethel Power Plant Project, NMFS identified its specific EFH concerns for the project as all potential impacts to the five species of Pacific salmon in the Kuskokwim River. These species include chinook salmon, coho salmon, sockeye salmon, chum salmon, and pink salmon. NMFS general concerns regarding the project include the cooling water source, fish species present in the proposed cooling pond, and proposed access road stream crossings. NMFS requires the federal agency authorizing the project to prepare an EFH Assessment for any action that may adversely affect EFH. The EFH Assessment may be a separate document or be clearly referenced as a support document to an EA or an EIS for the project. The EFH Assessment includes the following mandatory contents: (i) a description of the proposed action, (ii) an analysis of the effects on EFH, (iii) the agency's views regarding the effects of the action EFH, and (iv) proposed mitigation. Once it has received the EFS Assessment, NMFS reviews it and offers conservation recommendations to protect EFH, if any, to the federal action agency. These recommendations would be considered in the NEPA assessment. 5.5.2 Fish Habitat Permit The ADNR Office of Habitat Management and Permitting (OHMP) Fish Habitat Permit is designed to guarantee efficient passage of fish and to protect and conserve fishery resources and fish habitat in waters designated as important for the spawning, rearing, and migration of resident and anadromous fish. Historically impacts to anadromous fish have been emphasized in the application of this permitting requirement; however, the possibility exists that OHMP could regulate impacts to resident fish. A Fish Habitat Permit could be required for any instream work during both the construction and operations phases of the project and for wastewater discharges. Because of its classification as an anadromous fish stream by ADF&G, construction activities in the Kuskokwim River under any of the three alternatives would likely require application for a Fish Habitat Permit, and, depending on the fisheries characteristics of the proposed cooling pond, Bethel Power Plant November 2003 Permitting Report Steigers Corporation 24 location or construction of the cooling water discharge pipe and discharge of non-contact cooling water to the cooling pond might also require this permit. A letter of intent and complete copies of the plans and specifications for the proposed activity normally satisfy permit application requirements. The application must include: 1) type of project and its purpose, 2) legal description of the project site, 3) type and timing of the activity, 4) description of any dredge and fill activities, 5) characteristics of the waterbody, and 6) engineering drawings or sketches of hydraulic structures to be placed below the ordinary high water mark of the water body. Additional information relating to the quantity of intake water and to the source, quantity, and quality of discharge water may also be required. It is anticipated that the project will be required to evaluate the potential for impacts through detailed analysis of fisheries. The requirements for these analyses would be met by the studies required for preparation of an EIS, or, if an EIS is not required, these studies should be designed to meet the requirements for the Fish Habitat Permit. Data collection and field surveys for Corps permit applications will generally also meet the requirements of the Fish Habitat Permit application. A possible exception could be the collection of additional flow data should existing data prove to be incomplete. The application for this permit would be submitted at approximately the same time as the application for the Corps permit because of the similarity of their requirements. Based on previous experience with similar projects, there are no foreseeable difficulties in obtaining a Fish Habitat Permit for the project unless important fisheries are found to exist in the proposed cooling pond. Construction of an air-cooled condenser would eliminate the need for the cooling pond as well as for the discharge of cooling water. Under these circumstances, the need for a Fish Habitat Permit for the project may be minimized, assuming that project development could proceed without impacts to anadromous fish in the Kuskokwim River. 5.6 Floodplain Development All alternatives for the Bethel Power Plant propose the construction of at least dock and barge- unloading facilities along the Kuskokwim River, and Alternative 2 proposes construction and/or dredging and filling within the Kuskokwim River floodplain to accommodate the barge-mounted power plant. The approximate elevation of the designated mapped floodplain near Bethel is 17 feet mean sea level (HDR 2003), so, at approximately 50 feet mean sea level, most of the construction for Alternative 1 or Alternative 3 would likely be outside the Kuskokwim River floodplain. Prior to issuing any building, grading, or development permits involving activities in a regulatory floodway, the project must provide certification that the proposed development will not impact the pre-project base flood elevations, floodway elevations, or floodway data widths. A “no-rise” assessment would need to be conducted to meet this certification requirement. The engineering or “no-rise” certification must be supported by technical data, which involves two separate analyses: a step-backwater analysis and a conveyance analysis. Computer models are used to determine the changes in floodplain elevations that would result from the proposed development. Bethel Power Plant November 2003 Permitting Report Steigers Corporation 25 The certification is provided by the permittee and is signed and sealed by a registered professional engineer. In addition to the “no-rise” certification, an Application for Flood Hazard Permit must be completed and submitted to the local municipality. Applicability of these requirements to the project will depend on the nature of the dredging and mitigation activities occurring in the Kuskokwim River floodplain. A determination as to the necessity of a floodplain assessment will be made concurrently with development of the permitting requirements for dredging activities in the Kuskokwim River. If it is deemed necessary, a floodplain assessment will need to be conducted as required by the Federal Emergency Management Agency (FEMA). 5.7 Air Traffic Each of the three alternatives proposed for the Bethel Power Plant is located within approximately 2 miles of the Bethel Airport. A notice must be provided to the Federal Aviation Administration (FAA) if structures are constructed or installed that may interfere with aircraft flight paths. In its response to the initial consultation letter for the Bethel Power Plant, the FAA provided FAA Form 7460-1 (Notice of Proposed Construction or Alteration), which must be completed for coordination and evaluation by the FAA Air Traffic and Frequency Management Divisions. The FAA letter expressed concern over possible adverse effects on instrument procedures to the airport and the potential for the power plant to generate ice fog that could adversely affect the airport. Form 7460-1 will be provided to the FAA, along with a topographic map with the plant site identified, for a determination of the aircraft safety considerations associated with constructing the Bethel Power Plant stack(s). Based on the relatively short stacks envisioned at the facility, it is not at this time anticipated that there will be difficulties in receiving FAA approval. Considering the proximity of the proposed facility to Bethel Airport, it is realistic to assume that the Bethel Power Plant stacks will require some form of marking to meet FAA approval. The FAA will place notification of impending construction of a new obstruction on Sectional Aeronautical Charts, and pilots will be notified through Notice to Airman and other flight information publications in accordance with FAA flight safety regulations. The issue of potential ice fog formation from power plant operation would also be investigated as part of the meteorological/air quality analysis in the NEPA assessment. 5.8 NEPA Compliance 5.8.1 Trigger for NEPA Compliance Major federal actions require compliance with the National Environmental Policy Act (NEPA). Major federal actions include authorizing development of public lands, federal funding of a project, or issuance of a federal permit that authorizes activities with the potential for environmental effects. As currently envisioned, partial funding of the Bethel Power Plant Bethel Power Plant November 2003 Permitting Report Steigers Corporation 26 Project would be provided through the U.S. Department of Agriculture (USDA), Division of Rural Utilities (RUS). Thus, federal funding would likely be the trigger for NEPA compliance, and RUS would be the lead agency for the NEPA review. Other federal actions related to the three proposed alternatives for the Bethel Power Plant that could result in a NEPA compliance requirement are EPA NPDES permitting and Corps Section 404 permitting, primarily due to development of the cooling pond. Federal regulations stipulate that issuance of an NPDES permit to a new source by EPA may be a major federal action and, as such, could be subject to the environmental review provisions of NEPA. NEPA compliance is not typically required for a Corps Section 404 Nationwide permit but can apply to a project requiring a Section 404 Individual permit. In addition, it is possible that NEPA compliance could be required if work in the Kuskokwim River, particularly the more significant earthmoving and construction work described for Alternative 2, required Corps permitting under Section 10 of the Rivers and Harbors Act. If these federal permits were required, the agencies administering them would likely be cooperating agencies in the NEPA review process. 5.8.2 Scope of NEPA Consistency Review An issue that has arisen in assessing the feasibility and permittability off the Bethel Power Plant is whether development of the power plant and appurtenances and the associated transmission line can be separated from development of the Donlin Creek Gold Mine, at least from a NEPA compliance standpoint. The development of the Bethel Power Plant is seen by certain agencies to be closely tied to development of the gold mine in that the mine would constitute the majority consumer of the power produced under the current development scenario, and providing the power to the mine is the predominant factor in transmission line routing. In response to the initial consultation letter for the Bethel Power Plant, the USFWS commented that it believes that the entire scope of the project should be comprehensively evaluated, including direct, indirect, and cumulative project impacts, "as is required under [NEPA] . . . when project components are so interrelated as to be inseparable" (USFWS 2003). According to the USFWS, this would include the transmission line, power plant and other power generation alternatives, the Donlin Creek mine, the road to the mine, and secondary power distribution to Yukon Delta and Kuskokwim River villages. With regard to the scope of the NEPA assessment, the Corps stated in its response to the initial consultation letter that, when the Corps has jurisdiction over NEPA review, it is precluded from "piecemealing" projects for analysis and permitting. "If the power plant and mine are in fact tied together in an economic analysis, we cannot separate the power plant from the mine. The power plant must demonstrate an independent utility to be permitted as a separate action . . . . To consider the Bethel power generation facility a separate project the plant must be an economically viable project independent of the mine." The response concluded that it appears that the Donlin Creek Gold Mine is an integral part of the Bethel Power Plant Project and that the Corps is not convinced that the power generation facility and the mine are independent projects. Although some parties have suggested that the gold mine and power plant/transmission line projects be evaluated together, there are a number of important reasons for treating them independently. Bethel Power Plant November 2003 Permitting Report Steigers Corporation 27 • First, scheduling constraints require that environmental review and permitting of the power plant and transmission line must proceed ahead of those for the mine so that these facilities can be constructed and operational by the time power is needed for mine construction and operation. If not, the mine would need to permit and operate its own power generating source until the Bethel Power Plant and transmission lines were completed, which would preclude the need for an alternative power source and would likely preempt development of the Bethel Power Plant as proposed. • Second, development of the Bethel Power Plant, as proposed, represents only one of several alternative sources of electrical power for the gold mine; therefore, analysis of the power plant in the context of the environmental assessment for the mine is not likely to be as thorough as would be possible under an independent review. • Third, the entirely different functions of the facilities and the considerable distance between the gold mine, the (majority of the) transmission line, and the proposed power plant location suggest few synergies to be realized from coordinated review of these facilities. Other than regarding socioeconomic considerations, few similar impacts are expected from the three projects, and these could be evaluated under the cumulative impacts assessment for each, as appropriate. • Finally, the power plant could be developed independent of development of the gold mine, and vice versa; e.g., a power plant could be constructed to serve just the local community and other communities in the region along the transmission line route. A number of reviewers have pointed out that the scope of the NEPA analysis will be delineated by the lead federal agency in charge of the review. However, conversely, selection of the lead federal agency will likely be determined by the scope of the NEPA review. Thus, as discussed above, if the scope of the NEPA review is restricted to the Bethel Power Plant and the transmission line, RUS would likely be the lead agency, whereas, if the scope of the NEPA review is extended to include the gold mine, another federal agency, such as the U.S. Departments of the Interior or Army could be the lead agency, depending on the nature of the major federal action requiring NEPA compliance. The issue of how NEPA compliance for the Bethel Power Plant Project can be structured to both accomplish a valid environmental analysis of the project and preserve the necessary project schedule needs further investigation. It is possible that providing an enhanced treatment of cumulative impacts, including those from the proposed mine, in the NEPA analysis for the power plant/transmission line, along with tiering of any subsequent NEPA analysis for the gold mine, would be a satisfactory approach. We recommend that a meeting among the potentially affected parties and agencies to discuss and define the fundamental issue of project scope at this early stage in project planning would be useful in resolving this issue early in the permitting process for the Bethel Power Plant Project. For the purpose of this review of NEPA Compliance requirements for the Bethel Power Plant Project, we will continue to assume that the scope of the NEPA review will include only the power plant and its appurtenances and the associated transmission line and that RUS will be the lead federal agency. Bethel Power Plant November 2003 Permitting Report Steigers Corporation 28 5.8.3 Environmental Assessment NEPA compliance generally requires an analysis of the environmental effects of the action, typically through preparation of an EA or an EIS. It is assumed that RUS would require preparation of an EIS for the project. The federal lead agency for the NEPA review would require the project to provide information regarding the nature of project development and the potential for environmental impacts in an Environmental Information Document (EID). The requirements for the information contained in this document are not well defined and would be determined based on the project and the project location. The information required for the EID would also depend on such things as the size of the project and the availability of supporting information. The EID will be the basis for preparation of the NEPA documents. If a preliminary environmental review indicates that a significant environmental impact may occur and this impact cannot be eliminated by modification of the proposed project, an EIS will be required. While it is not possible to predict the ultimate outcome of the environmental review, the possibility exists that an EIS will be necessary for development of the Bethel Power Plant/transmission line. The federal lead agency has the responsibility for preparing the EIS. The project proponent usually has the option of retaining a third party contractor acceptable to the federal lead agency to prepare the EIS in order to expedite preparation of the document. An EIS is a thorough environmental review of the proposed project, including a detailed evaluation of what is termed the “affected environment.” Several of the key components of the evaluation of the affected environment will be discussed in greater detail below. These issues have been selected and included in the NEPA Compliance section of this report because these issues would be addressed in that document. However, even if an EIS is not required, these issues would likely have to be addressed before securing approval for other project permits. • Threatened and Endangered Species. The EIS will require an evaluation of project- related impacts on endangered species as mandated by the Endangered Species Act of 1973 (ESA), and regulations under this Act are enforced by the USFWS and NMFS. An evaluation of impacts to endangered species may also be required for approval of any federal permits required for project development in the absence of an EIS. If it is determine that project activities will not affect federally listed threatened or endangered species or their habitat, then the project will have met its regulatory requirements under the ESA. Review of existing documentation for the area preliminarily indicates that federally listed endangered species or endangered species habitat do not occur at the project site. A more detailed analysis will be required to confirm these findings through ESA Section 7 Consultation with USFWS. This consultation may require a detailed habitat assessment Bethel Power Plant November 2003 Permitting Report Steigers Corporation 29 for any listed species and their habitat that could occur in the project area. It is possible that existing documentation may preclude the need for a detailed habitat assessment. In its response to the initial consultation letter for the Bethel Power Plant, NMFS offered guidance on compliance with the ESA, pointing out that, in addition to including threatened or endangered species that may occur near Bethel, ESA Section 7 consultation must address threatened or endangered species that may occur along marine routes proposed for use in supplying coal to the project. NMFS's concerns are the potential for petroleum fuel spills and the potential impact of marine traffic transiting the Beaufort Sea on migration of the endangered bowhead whale. • Wildlife and Habitat. The proposed location for the Bethel Power Plant lies adjacent to the Yukon Delta National Wildlife Refuge, as does most of the landscape that would be traversed by the transmission line. The Refuge is known to provide prime habitat for a wide variety of wildlife species, including brown and black bears, caribou, moose and wolves. In terms of both density and species diversity, the Yukon Delta is the most important shorebird nesting area in the United States. Birds from six major flyways, from the Atlantic Ocean to the east coast of Asia, nest on the refuge or stop to rest and feed during migration. A detailed habitat assessment will likely be required to identify potential impacts to these animals. Where significant impacts to wildlife are identified, project development would need to be modified or mitigation would need to be provided. The Kuskokwim River and its tributaries provide hundreds of miles of spawning and rearing habitat for fish. A total of 44 species use the Yukon Delta National Wildlife Refuge's waters, including all five North American Pacific salmon, Dolly Varden char, northern pike, sheefish, arctic grayling, several species of whitefish, burbot and rainbow trout. Although fisheries characteristics of the proposed cooling pond are not known, its operation could result in impacts to any resident species, and these potential impacts would need to be evaluated. Again, where impacts are identified, project development would need to be modified or mitigation provided. An assessment of potential impacts to fish species is provided in the development of the OHMP Fish Habitat Permit. Likewise, assessment of potential impacts to salmon in the Kuskokwim River and its tributaries is provided in the NMFS Essential Fish Habitat Assessment. • Cultural and Archaeological Resources. Cultural resources are prehistoric, ethno- historic, or historic properties, sites, objects, or districts that reflect past human use of the land. NEPA requires consideration of cultural resources, as does the National Historic Preservation Act (NHPA). The NHPA mandates that federally funded, licensed, or permitted actions must afford the federal Advisory Council on Historic Preservation an opportunity to comment on actions that may affect cultural resources. Other key laws that pertain to assessment, mitigation, and preservation of cultural resources and graves include the Archaeological and Historic Preservation Act, the Archaeological Resources Protection Act, and the Native American Graves and Repatriation Act. Bethel Power Plant November 2003 Permitting Report Steigers Corporation 30 The State Historic Preservation Officer (SHPO) will also issue a Cultural Resources Concurrence under the NHPA and the Alaska Historic Preservation Act for developments that may affect historic or archaeological sites. ADNR approval could be required under circumstances where federal requirements do not apply, as would be the case when a project required state permits but did not require major federal permits. There are a number of sources of information on cultural resources in Alaska, the records of which will need to be searched to identify any known archaeological sites prior to project development. Following the records research, it is likely that field surveys to identify cultural resource sites will also be required to satisfy NHPA Section 106 requirements. Depending on the significance of any survey finds, some items may merely be catalogued and/or collected, while, in other situations, sites may be excluded from development, which can have significant impacts on project schedule and cost. It is likely that project development would be able to proceed without significant negative effects from the presence of cultural or archaeological resources, assuming effort is expended to identify these sites early in project development. Also included in the evaluation of the affected environment are such subjects as climate and air quality, geology and soils, vegetation, wetlands, water resources, socioeconomic resources, visual resources, recreation and tourism, and health and human safety. Some of these subjects, such as air quality, wetlands, and water resources, will require evaluation with or without the requirement of an EIS. However, the level of project scrutiny and the additional requirements for study and analysis of project impacts to numerous other potentially affected resources will require a significant level of time, effort, and expense should an EIS be required for project development. An EIS will also include a comparison of several project alternatives that ultimately leads to a preferred alternative that will address and mitigate environmental impacts while allowing project development to move forward, although it is possible that findings in the EIS will indicate that the environmental impacts resulting from the proposed project are unacceptable and an approvable alternative is not available. It is not expected that the Bethel Power Plant Project, as proposed, will result in unmitigable environmental impacts preventing project development. It is likely, however, that preparation and approval of an EIS will be a significant burden to project development resulting in high permitting costs and potential project delays. 5.9 Field Data Collection Data collection requirements have been identified for a number of the permits described above. Agencies typically establish study requirements in the course of consultation on specific permitting issues, and required field studies must be designed and implemented in support of the permits being developed. Field work can generally be accomplished during one summer field season and is followed by data analysis and report preparation. Total time to complete field studies may be expected to be on the order of 6 to 8 months. Bethel Power Plant November 2003 Permitting Report Steigers Corporation 31 5.10 Potential Permits And Approvals For Bethel Power Plant Agency Name Permit/Approval Alaska Department of Natural Resources, Office of Project Management and Permitting Alaska Coastal Management Program (ACMP) Consistency Review Alaska Department of Environmental Conservation, Division of Air and Water Quality Air Quality Construction Permit, including monitoring programs U.S. Environmental Protection Agency National Pollutant Discharge Elimination System (NPDES) Wastewater Discharge Permit Alaska Department of Environmental Conservation, Division of Air and Water Quality Clean Water Act Section 401 Certification(s) Alaska Department of Environmental Conservation, Division of Air and Water Quality National Pollutant Discharge Elimination System Stormwater Discharge Permit for Operations U.S. Department of the Army, Army Corps of Engineers Clean Water Act Section 404 Nationwide and/or Individual Permits U.S. Department of the Army, Army Corps of Engineers Rivers and Harbors Act Section 10 Permit Alaska Department of Natural Resources, Office of Habitat Management and Permitting Fish Habitat Permit U.S. National Oceanic and Atmospheric Administration, National Marine Fisheries Service Essential Fish Habitat Assessment Federal Emergency Management Agency Flood Hazard Permit and "No-Rise" Certification U.S. Department of Transportation, Federal Aviation Administration Notice of Proposed Construction or Alteration U.S Department of Agriculture, Division of Rural Utilities National Environmental Policy Act (NEPA) Compliance, including field data collection U.S. Department of the Interior, U.S. Fish and Wildlife Service Endangered Species Act (ESA) Section 7 Consultation U.S. National Oceanic and Atmospheric Administration, National Marine Fisheries Service Endangered Species Act (ESA) Section 7 Consultation Alaska Department of Natural Resources, State Historic Preservation Officer National Historic Preservation Act (NHPA) Section 107 Consultation Bethel Power Plant November 2003 Permitting Report Steigers Corporation 32 6.0 PLANNING-LEVEL COST ESTIMATE AND SCHEDULE Permit/Approval Estimated Cost* Anticipated Schedule Alaska Coastal Management Program (ACMP) Consistency Review $50,000 30 months Air Quality Construction Permit, including monitoring program $650,000 32 months National Pollutant Discharge Elimination System (NPDES) Wastewater Discharge Permit $340,000 28 months Clean Water Act Section 401 Certification(s) $90,000 12 months National Pollutant Discharge Elimination System Stormwater Discharge Permit for Operations $25,000 6 months Clean Water Act Section 404 Nationwide and/or Individual Permits $450,000 16 months Rivers and Harbors Act Section 10 Permit $210,000 8 months Fish Habitat Permit $200,000 6 months Essential Fish Habitat Assessment $60,000 10 months Endangered Species Act (ESA) Section 7 Consultation $50,000 8 months National Historic Preservation Act (NHPA) Section 107 Consultation $40,000 4 months Flood Hazard Permit and "No-Rise" Certification $190,000 6 months FAA Notice of Proposed Construction or Alteration $35,000 3 months National Environmental Policy Act (NEPA) Compliance, including field data collection $1,200,000 24 months Total/Longest Duration $3,590,000 32 months * Contractor Cost – Does not include project or engineering/design support costs. Bethel Power Plant November 2003 Permitting Report Steigers Corporation 33 7.0 REFERENCES ACOE 2003. U.S. Department of the Army, U.S. Army Corps of Engineers. Letter from Don R. Rice, Lead Project Manager, received October 2, 2003. ADEC 2003. Alaska Department of Environmental Conservation, Division of Air and Water Quality. Letter from Tom Chapple, Director, dated October 10, 2003. ADF&G 2003. An Atlas to the Catalog of Waters Important to the Spawning, Rearing or Migration of Anadromous Fishes. Alaska Department of Fish and Game. ADNR 2003a. Alaska Department of Natural Resources, Office of Habitat Management and Permitting. E-mail from Ms. Kerry Howard dated September 11, 2003. ADNR 2003b. Alaska Department of Natural Resources, Office of Project Management and Permitting. E-mail from Ms. Sue Magee dated September 11, 2003. ADNR 2003c. Alaska Department of Natural Resources, Office of Project Management and Permitting. E-mail from Ms. Cynthia Zuelow-Osborne dated October 22, 2003. AVEC 2003. Alaska Village Electric Cooperative, Inc. Letter from Ms. Meera Kohler, President and CEO, dated September 30, 2003. FAA 2003. U.S. Department of Transportation, Federal Aviation Administration. Letter from Ms. Nora J. Braman, Contracting Officer, Acquisition and Real Estate, dated October 17, 2003. HDR 2003. Bethel Airport Master Plan Environmental Assessment, Project No. 52659. HDR Alaska, Inc. Prepared for State of Alaska Department of Transportation and Public Facilities. February 2003. NMFS 2003. U.S. Department of Commerce, National Oceanic and Atmospheric Administration, National Marine Fisheries Service. Letter from Mr. James W. Balsiger, Administrator, Alaska Region, dated September 26, 2003. NRCS 2003. U.S. Department of Agriculture, Natural Resources Conservation Service. Letter from Mr. William W. Wood, State Biologist, dated September 15, 2003. Travis/Peterson 2003 Environmental Planning for the Proposed Bethel Power Plant and Transmission Line. Travis/Peterson Environmental Consulting, Inc. Prepared for Frank J. Bettine, P.E. July 2003. USDA 2003. U.S. Department of Agriculture, Rural Development. E-mail from Mr. Bill Allen, State Director, dated September 23, 2003. Bethel Power Plant November 2003 Permitting Report Steigers Corporation 34 USFWS 2003. U.S. Department of Interior, U.S. Fish and Wildlife Service. Letter from Mr. Gary Edwards, Acting Regional Director, received September 26, 2003. ATTACHMENT 1 INITIAL CONSULTATION LETTER BETHEL POWER PLANT PROJECT DESCRIPTION PARTIES TO WHOM THE INITIAL CONSULTATION LETTER WAS SENT Mr. Tom Chapple September 2, 2003 Director J.O.N. 185 WP 1, 2f Alaska Department of Environmental Conservation Letter No. 185-003 Division of Air and Water Quality 555 Cordova Street Anchorage, AK 99501 Subject: Bethel Power Plant Dear Mr. Chapple, Nuvista Light & Power, Inc. (Nuvista) is evaluating the feasibility of constructing and operating an energy generation facility near Bethel, Alaska. Three alternatives for power production are being considered: 1) a land-based coal-fired power plant; 2) a barge-mounted coal-fired power plant; and 3) diesel-fired combustion turbines. The facility would be developed for two purposes: 1) to supply electrical power directly to the proposed Donlin Creek Gold Mine, which is currently under exploration by Placer Dome, Inc. and NovaGold Resources, Inc. and 2) to sell wholesale power to local utilities for resale to their customers, an endeavor that would ultimately serve approximately 40 communities and villages in the region and distribute hot water to meet local district heating needs in Bethel. A brief description of the three power plant alternatives is attached. We are aware that you may have already received information related to development of the Donlin Creek Gold Mine and/or development of the transmission line from Bethel to the mine. Although some parties have suggested that these three projects be evaluated together, there are a number of important reasons for treating them independently. First, scheduling constraints require that environmental review and permitting of the power plant and transmission line proceed ahead of those for the mine so that these facilities can be constructed and operational by the time power is needed for mine construction and operation. If not, the mine will be required to permit and operate its own power generating station which would preclude the need for this alternative power sources. Second, the power plant could be developed independent of development of the gold mine, and vice versa; e.g., a power plant could be constructed to serve just the local community and other communities in the region. Third, development of the Bethel Power Plant, as proposed, represents only one alternative source of power for the gold mine; therefore, analysis of the power plant in the context of the environmental assessment for the mine is not likely to be as thorough as would be possible under an independent review. Finally, the entirely different functions of the facilities and the considerable distance between the gold mine, the (majority of the) transmission line, and the proposed power plant location suggest few synergies to be realized from coordinated review of these facilities. Few similar impacts are expected from the three projects, and these would be evaluated under the cumulative impacts assessment for each, as appropriate. For these reasons, we are pursuing the proposal for the Bethel Power Plant independently from the proposals for the other two projects. Your cooperation with this approach will be greatly appreciated Bethel Power Plant Description Nuvista Light & Power, Inc. (Nuvista) is evaluating the feasibility of constructing and operating an energy generation facility near the community of Bethel, Alaska. Three alternatives for power production are being considered: Alternative 1 – a land-based coal-fired power plant; Alternative 2 – a barge-mounted, coal-fired power plant; and Alternative 3 – diesel-fired turbines. Alternatives 1 and 2 would differ from one another primarily in the location and configuration of their nearly identical facility components. The proposed power plant would be developed for two purposes: 1) to supply electrical power directly to the proposed Donlin Creek Gold Mine, which is currently under exploration by Placer Dome, Inc. and NovaGold Resources, Inc., and 2) to sell wholesale power to local utilities for resale to their customers, an endeavor that would ultimately serve approximately 40 communities and villages in the region, and distribute hot water to meet local district heating needs in Bethel. Bethel is located in southwest Alaska about 400 air miles west of Anchorage. It is situated on the Kuskokwim River about 60 miles upstream of the river’s mouth at Kuskokwim Bay on the Bering Sea. Bethel has a population of about 5,500 and is the commercial and transportation hub of the Yukon Delta. Access to Bethel is by air or the Kuskokwim River. Bethel lies within the Yukon Delta National Wildlife Refuge, a large area of low-lying tundra, wetlands, intertidal mud and sand flats, and small lakes. The preferred location for Bethel Power Plant Alternative 1 or Alternative 3 is a site approximately 1 mile south of Bethel in Section 20 of Township 8 North, Range 7 West of the Seward Meridian at an elevation of approximately 50 feet mean sea level. A photograph showing the proposed location of the facility and the associated facility dock, access roads, and cooling pond is attached (Figure 1). The alternative coal-fired configuration, Alternative 2, would have the coal plant mounted on barges anchored at a nearby site (also in Section 20) in the Kuskokwim River. The proposed location of the barge-mounted coal plant is shown in Figure 1. All proposed locations for the Bethel Power Plant are situated on private property. The power plant alternatives are described below. In addition to the facility site itself, each of the alternatives involves developing a number of linear support features outside the facility boundary, including a variety of pipelines and conveyor systems. While parts or all of the facility sites per se may be expected to experience extensive disturbance during construction, the proposed off-site pipeline and conveyor systems have been designed to minimize surface disturbance and to avoid the need to develop permanent rights-of-way for maintenance. Likewise, while the plant sites will experience continuous human activity throughout the operations phase, the off-site facilities should be relatively free of project-related activity over the long term. All alternatives propose the use of a naturally occurring, approximately 78-acre pond for steam- cycle cooling of the power generation facilities (see Figure 1). The pond is located generally south of the proposed facility sites and would be connected to the power plant by heavily insulated, 2- to 3-foot-diameter pipelines elevated 6 to 8 feet above the ground on driven piles or small A-frame towers. Use of a cooling pond rather than forced-air cooling towers would reduce construction costs and also substantially reduce annual operating costs. However, should further Bethel Power Plant August 2003 Project Description Steigers Corporation 1 investigation indicate environmental constraints associated with using the existing pond as a cooling pond, the cooling tower option would be revisited. All alternatives also propose to capture waste heat from the power plant and distribute hot water via a district heating system. The district heating system will include a central heat exchange station located about midway between the power plant and Bethel and more than 6 miles of main trunk lines leading from the power plant to the Bethel Municipal Airport and to the town of Bethel and beyond. The main trunk lines will consist of 14- to 16-inch pipes hung from pilings and elevated about 2 feet above the ground. As currently envisioned, the district heating system main trunk lines will follow existing roads and streets. It is estimated that the captured waste heat would displace nearly all of the fuel oil currently used by Bethel Utilities to supply Bethel’s power needs, approximately 3.5 million gallons annually. The existing Bethel Utilities power plant houses about 10 MW of diesel generation, which would likely remain operational to provide additional standby/backup power for the proposed Bethel Power Plant. Other features common to all alternatives include a dock on the Kuskokwim River and new access roads from the plant site(s) to an existing road to Bethel. These roads will likely be two lanes and of dirt/gravel construction. Alternative 1 – Land-Based Coal-Fired Power Plant The proposed land-based coal-fired power plant would consist of two atmospheric pulverized coal-fired boilers each powering a 48-MW steam turbine, plus one 46-MW diesel-fired simple- cycle combustion turbine, for a total installed capacity of 142 MW. The power plant would generate approximately 670,000 MWh annually. The two coal-fired steam turbines would provide primary power, with the combustion turbine providing standby/backup generation. It is estimated that the combustion turbine will generate approximately 3 percent of the annual generation, or about 20,000 MWh per year. The land-based coal-fired plant would burn about 300,000 short tons of coal annually. The project proposes to use a high-BTU, very low-sulfur coal from the Black Bear Mine in Canada as the coal supply for the power plant. The coal would be shipped from Canada in self-off-loading freighters and transferred to barges in the area of Goodnews Bay for movement up the Kuskokwim River to the Bethel Power Plant facility’s barge unloading station and dock. Coal deliveries would occur during the open water season from the end of May through the end of September each year. From the unloading station, the coal will be transported approximately one-half mile to the coal storage pile at the power plant by means of a covered conveyor belt. The conveyor belt system will be elevated 12 to 20 feet above the ground by steel A-frame towers mounted on small concrete surface pads over pilings. The conveyor belt will parallel a new road between the dock and the plant. To minimize blowing coal dust, the coal would be stored in a large covered building such as the air-supported structure shown in Figure 2. A 3-million-gallon fuel tank would be built at the site to store the fuel oil for the combustion turbine. Under this alternative, where the combustion turbine serves only as a backup unit, the Bethel Power Plant August 2003 Project Description Steigers Corporation 2 small amount of diesel fuel needed will likely be purchased from the existing tank farm in Bethel and trucked to the power plant. In addition to the coal-fired boilers and the combustion turbine and their associated pumps and control room, other features of the land-based coal-fired alternative include additional coal conveyors and various coal-handling equipment, an approximately 1-acre blowdown pond, an electrical switchyard and associated 138-kV transmission lines to Bethel, and the initial section of the district heating system. The proposed land-based coal-fired power plant facility would occupy approximately 80 acres. Exhaust stack height is estimated at approximately 120 feet. The land-based coal-fired power plant would generate approximately 33,000 tons of ash annually. The ash will be processed as it is produced by adding 6 percent Portland cement and 16 percent water to form approximately 40,000 tons of gravel-like aggregate. The aggregate can be put to beneficial use locally and regionally for road construction or in concrete as a substitute for gravel. Alternative 2 – Barge-Mounted Coal-Fired Power Plant The barge-mounted coal-fired power plant alternative would occupy two barges off the Kuskokwim River plus adjacent land for coal and diesel fuel storage and other facility features. Each barge is 100 feet wide by 300 feet long and has a draft of about 8 feet; together the barges would occupy less than 2 acres. The barges would be set in place by digging a channel into the river bank of sufficient width, length, and depth to float the barges into position. Once the barges are in place, an armored berm would be built between the barge channel and the river to protect the barges from ice flows during spring breakup and to provide an earthen platform for unloading supplies. The barges would be located in the floodplain of the river at a location where there is little elevation difference in the bank and the river. Each barge would accommodate a 48-MW atmospheric pulverized coal-fired power plant. One of the two barges would also accommodate a 46-MW diesel-fired simple-cycle combustion turbine as standby generation. The total installed capacity would be 142 MW. Under this alternative, the power plant would generate approximately 670,000 MWh annually. As with the land-based coal-fired power plant alternative, it is estimated that the combustion turbine will generate approximately 3 percent of the annual generation, or about 20,000 MWh per year. The barge-mounted coal-fired plant would burn about 300,000 short tons of coal annually. Details of the coal supply, coal delivery, and coal storage systems for the barge-mounted coal- fired power plant are expected to be similar to those described for the land-based coal-fired power plant, including covered storage for the coal pile. Likewise, diesel fuel for the backup combustion turbine will be obtained locally. Processing and disposition of ash wastes would be the same as for the land-based coal-fired power plant alternative. The 300,000 tons of coal storage and a single 3-million-gallon fuel storage tank would be located on the adjacent river bank directly above the barges, and these would be connected to the generating facilities by a short conveyor and pipeline, respectively. Other auxiliary features of the barge-mounted coal-fired power plant alternative, including the blowdown pond and the Bethel Power Plant August 2003 Project Description Steigers Corporation 3 electrical switchyard, would also be located in this area, which would occupy approximately 80 acres. Exhaust stack height for the barge-mounted plant is estimated at approximately 120 feet, which will place the top of the stack 60 to 70 feet above the top of the adjacent river bank. There are significant cost savings to the project for the barge-mounted coal plant over the land- based coal plant. Alternative 3 – Combustion Turbine Plant The combustion turbine alternative would consist of a 151-MW combined-cycle plant consisting of three simple-cycle, 42-MW combustion turbines, plus one or two heat recovery steam turbine generators with a total capacity of 25 MW. Under this alternative, the power plant would generate approximately 670,000 MWh annually. The power plant would burn #2 diesel fuel, of which it would consume about 35 million gallons annually. The large amount of diesel fuel needed to fire the combustion turbine plant would be delivered by barge to the facility dock and pumped to the facility diesel fuel storage tanks via an aboveground pipeline. The fuel pipeline will be 8 to 12 inches in diameter and will be elevated 2 feet above the ground. The fuel pipeline will parallel the new road between the dock and the plant site mentioned above. Fuel storage requirements would be 25 million gallons annually, and the fuel would be stored in eight, 3.1 million gallon tanks. Auxiliary features of the combustion turbine alternative include an electrical switchyard, the associated 138-kV transmission lines to Bethel, and the initial section of the district heating system. The entire combustion turbine facility would occupy approximately 40 acres. Exhaust stack height is estimated at approximately 75 feet. No ash would be generated by the combustion turbine power plant alternative. Bethel Power Plant August 2003 Project Description Steigers Corporation 4 Bethel Power Plant August 2003 Project Description Steigers Corporation 5 Bethel Power Plant August 2003 Project Description Steigers Corporation 6Bethel Power Plant August 2003 Project Description Steigers Corporation 6 Bethel Power Plant Information Distribution List AGENCY/ENTITY DIRECTOR-LEVEL CONTACTTELEPHONE/FAXState of Alaska Alaska Department of Environmental Conservation Tom Chapple, Director Division of Air and Water Quality Alaska Department of Environmental Conservation 555 Cordova Street Anchorage, AK 99501 (907) 269-7686 (907) 269-3098 Alaska Department of Environmental Conservation Kristin Ryan, Director Division of Environmental Health Alaska Department of Environmental Conservation 555 Cordova Street Anchorage, AK 99501 (907) 269-7645 (907) 269-7654 Alaska Department of Environmental Conservation William Ashton Environmental Engineer Alaska Department of Environmental Conservation 555 Cordova Street Anchorage, AK 99501 (907) 269-6282 (907) 269-7508 Alaska Department of Natural Resources Kerry Howard, Executive Director Office of Habitat Management and Permitting 400 Willoughby Avenue, 4th Floor Juneau, AK 99801-1796 (907) 465-4105 (907) 465-4759 Alaska Department of Natural Resources Susan Magee, Project Review Coordinator Office of Project Management and Permitting 550 West Seventh Avenue, Suite 1660 Anchorage, AK 99501 (907) 269-7472 (907) 269-3981 Regulatory Commission of Alaska Mary Grace Salazar, Administrative Manager Regulatory Commission of Alaska 701 W. Eighth Avenue, Suite 300 Anchorage, AK 99501-1963 (907) 276-6222 (907) 276-0160 Bethel Power Plant August 2003 Distribution List Steigers Corporation 1 Bethel Power Plant August 2003 Distribution List Steigers Corporation 2AGENCY/ENTITY DIRECTOR-LEVEL CONTACT TELEPHONE/FAX Federal U.S. Army Corps of Engineers Don Rice, Team Leader North Section U.S. Army Corps of Engineers Regulatory Branch P. O. Box 6898 Elmendorf AFB, AK 99506-6898 (907) 753-2712 (907) 753-5567 U.S. Bureau of Indian Affairs Niles Cesar, Regional Director U.S. Bureau of Indian Affairs Alaska Regional Office P.O. Box 25520 709 West 9th Street Juneau, AK 99802 (800) 645-8397 (907) 856-7252 U.S. Fish & Wildlife Service Rowan W. Gould, Regional Director U.S. Fish & Wildlife Service 1011 East Tudor Road, Mail Stop 381 Anchorage, AK 99503-6199 (907) 786-3542 (907) 786-3306 U.S. Fish & Wildlife Service Michael B. Rearden, Refuge Manager Yukon Delta National Wildlife Refuge P.O. Box 346 Bethel, AK 99559-0346 (907) 543-3151 (907) 543-4413 National Marine Fisheries Service Ron Burke, Deputy Regional Administrator National Marine Fisheries Service, Alaska Region P.O. Box 21668 Juneau, AK 99802-1668 (907) 586-7221 (907) 586-7249 Rural Utilities Service Bill Allen, State Director Alaska Rural Development 800 W. Evergreen, Suite 201 Palmer, AK 99645 (907) 761-7705 (907)761-7784 National Resource Conservation Service Bill Wood, State Biologist National Resource Conservation Service 800 W. Evergreen, Suite 100 Palmer, AK 99645 (907) 761-7761 AGENCY/ENTITY DIRECTOR-LEVEL CONTACT TELEPHONE/FAX Federal Aviation Administration Jan Girard, Manager of Acquisitions and Real Estate Federal Aviation Administration 222 W. Seventh Avenue Anchorage, AK 99513 (907) 271-5427 Native Communities Association of Village Council Presidents Mr. Myrom Maneng, President Association of Village Council Presidents P.O. Box 219 Bethel, AK 99559 (907) 543-7301 (907) 543-3596 Akiachak Native Community Mr. George Peter, Tribal Administrator Akiachak Native Community P.O. Box 90 Akiachak, AK 99551 (907) 825-4626 (907) 825-4029 Akiak IRA Council Mr. Ivan M. Ivan, Executive Director Akiak IRA Council P.O. Box 52165 Aniak, AK 99552 (907) 765-7112 (907) 765-7512 Aniak Traditional Council Ms. Lovey Duffy, Village Administrator Aniak Traditional Council P.O. Box 349 Aniak, AK 99557 (907) 675-4349 (907) 675-4513 Bethel Native Corporation Mr. Marc Stemp, President Bethel Native Corporation P.O. Box 719 Bethel, AK 99559 (907) 543-2124 (907) 543-2897 Orutsararmuit Native Council Ms. Flora Olrun, Executive Director Orutsararmuit Native Council P.O. Box 927 Bethel, AK 99559 (907) 543-2608 (907) 543-2639 Chuathbaluk Village Council Ms. Helen Pitka, Village Administrator Chuathbaluk Village Council (907) 467-4313 (907) 467-4113 Bethel Power Plant August 2003 Distribution List Steigers Corporation 3 AGENCY/ENTITY DIRECTOR-LEVEL CONTACT TELEPHONE/FAX P.O. Box CHU Chuathbaluk, AK 99557 Crooked Creek Village Council Ms. Mini John, Village Adminiatrator Crooked Creek Village Council P.O. Box 69 Crooked Creek, AK 99575 (907) 432-2200 (907) 432-2201 Upper Kalshag Village Council Ms. Bernice Hetherington, Village Administrator Upper Kalshag Village Council P.O. Box 50 Kalshag, AK 99607 (907) 471-2207 (907) 471-2399 Kuskokwim Native Association Mr. Leo Morgan, Executive Director Kuskokwim Native Association P.O. Box 127 Aniak, AK 99557 (907) 675-4384 (907) 675-4387 Village of Lower Kalskag Ms. Rose Nook, Village Administrator Village of Lower Kalskag P.O. Box 27 Lower Kalskag, AK 99626 (907) 471-2379 (907) 471-2378 Kwethluk IRA Mr. Wassillie George, Deputy Director Kwethluk IRA P.O. Box 130 Kwethluk, AK 99621 (907) 757-6714 (907) 757-6328 Organized Village of Kwethluk Mr. Chariton Epchook, President Organized Village of Kwethluk P.O. Box 130 Kwethluk, AK 99621 (907) 757-6043 (907) 757-6321 Tuntutuliak Traditional Council EPA Mr. Noah Allexie Sr., Council Member Tuntutuliak Traditional Council EPA P.O. Box 95 Tuluksak, AK 99679-0095 (907) 695-6420 (907) 695-6932 Bethel Power Plant August 2003 Distribution List Steigers Corporation 4 AGENCY/ENTITY DIRECTOR-LEVEL CONTACT TELEPHONE/FAX Tuluksak Native Community Mr. Joseph Sallaffie, Tribal Administrator Tuluksak Native Community P.O. Box 97 Tuluksak, AK 99679-0095 (907) 695-6420 (907) 695-6932 Lower Kuskokwim Economic Development Council Mr. Carl Berger, Executive Director Lower Kuskokwim Economic Development Council P.O. Box 219 Bethel, AK 99559 (907) 543-5967 (907) 543-3130 Cities City of Akiak Mr. Peter Gillia, City Administrator City of Akiak P.O. Box 52167 Akaik, AK 99552 (907) 765-7412 (907) 765-7414 City of Bethel Mr. Robert E. Herron, City Manager City of Bethel P.O. Box 1388 Bethel, AK 99559 (907) 543-1372 (907) 543-4171 City of Bethel Mr. John Malone, Planning Department City of Bethel P.O. Box 1388 Bethel, AK 99559 (907) 543-1372 (907) 543-4171 City of Upper Kalskag Mr. Paul Kermeroff City of Upper Kalskag P.O. Box 80 Upper Kalskag, AK 99607 (907) 471-2220 (907) 471-2237 City of Aniak Mr. Travis Pate, City Manager City of Aniak P.O. Box 189 Aniak, AK 99557 (907) 675-4481 (907) 675-4486 Bethel Power Plant August 2003 Distribution List Steigers Corporation 5 AGENCY/ENTITY DIRECTOR-LEVEL CONTACT TELEPHONE/FAX City of Lower Kalskag Ms. Anastasia Levi, Mayor City of Lower Kalskag P.O. Box 69 Lower Kalskag, AK 99626 (907) 471-2440 (907) 471-2460 City of Kwethluk Mr. Boris Epchook, Mayor City of Kwethluk P.O. Box 50 Kwethluk, AK 99621 (907) 757-6022 (907) 757-6497 Corporations AVEC, Inc. Ms. Meera Kohler, CEO AVEC, Inc. 4831 Eagle Street Anchorage, AK 99503 (800) 478-1818 (800) 478-2389 Akiachak, Limited Mr. Willie Kasayulie, President Akiachak, Limited P.O. Box 51010 Akaichak, AK 99551 (907) 825-4328 (907) 825-4115 Aniak Light & Power Company Mr. Artie Demantle, Owner Aniak Light & Power Company P.O. Box 129 Aniak, AK 99557 (907) 675-4334 Bethel Utilities Mr. Hal Borrego Bethel Utilities 3380 C Street, Suite 210 Anchorage, AK 99503 (907) 562-2500 (907) 562-2502 Kokarmiut Corporation Mr. Sam Jackson, Chairman Kokarmiut Corporation P.O. Box 147 Akiak, AK 99552 (907) 765-7228 (907) 765-7619 Bethel Power Plant August 2003 Distribution List Steigers Corporation 6 Bethel Power Plant August 2003 Distribution List Steigers Corporation 7AGENCY/ENTITY DIRECTOR-LEVEL CONTACT TELEPHONE/FAX Kuskokwim Corporation Mr. Robert Ballow, President Kuskokwim Corporation 4300 B Street Anchorage, AK 99503 (907) 243-2944 Kwethluk Incorporated Mr. George Guy, Business Manager Kwethluk Incorporated P.O. Box 110 Kwethluk, AK 99621 (907) 757-6613 (907) 757-6212 Calista Corporation Mr. Jeff Foley, Senior Exploration Geologist Calista Corporation 301 Calista Court, Suite A Anchorage, AK 99518-3028 (907) 279-5516 (907) 272-5060 APPENDIX G 1. Coal-Fired Plant 2. Combine-Cycle Combustion Turbine Plant – Bethel 3. Combine-Cycle Combustion Turbine Plant – Crooked Creek 4. Transmission Lines from Railbelt COAL PLANT Donlin Creek Mine - 60 MW Average Load, 20 Year Mine LifeFording Coal97 MW Land-Based Coal Plant Bethel +46 MW Combustion Turbine + 138 KV T-Line to mine, No Waste Heat SalesBethel+8 villagesYear 2010 2015 2020 2025 2030 2035 2040 2045 2050 2055 20601. Power RequirementsKWs Peak DemandDonlin Gold Mine 70,000 70,000 70,000 70,000 70,000 0 00000Villages 2,281 2,630 2,980 3,123 3,266 3,350 3,433 3,433 3,433 3,433 3,433Bethel 9,580 10,995 12,410 13,407 14,403 14,403 14,403 14,403 14,403 14,403 14,403Line Loss 5,000 5,000 5,000 5,000 5,000 500 500 500 500 500 500In Plant Use 7,500 7,500 7,500 7,500 7,500 2,500 2,500 2,500 2,500 2,500 2,500Total KW 94,361 96,125 97,890 99,029 100,169 20,753 20,836 20,836 20,836 20,836 20,836KWHsDonlin Gold Mine 525,600,000 525,600,000 525,600,000 525,600,000 525,600,000 0 00000Villages 10,295,423 11,782,606 13,269,790 14,645,290 16,020,790 16,020,790 16,020,790 16,020,790 16,020,790 16,020,790 16,020,790Bethel 54,546,206 62,605,493 70,664,781 76,337,072 82,009,364 82,009,364 82,009,364 82,009,364 82,009,364 82,009,364 82,009,364Total KWH Sales 590,441,628 599,988,100 609,534,571 616,582,362 623,630,154 98,030,154 98,030,154 98,030,154 98,030,154 98,030,154 98,030,154T-Line losses 43,800,000 43,800,000 43,800,000 43,800,000 43,800,000 4,380,000 4,380,000 4,380,000 4,380,000 4,380,000 4,380,000In Plant Use 65,700,000 65,700,000 65,700,000 65,700,000 65,700,000 21,900,000 21,900,000 21,900,000 21,900,000 21,900,000 21,900,000Total kWh Generated 699,941,628 709,488,100 719,034,571 726,082,362 733,130,154 124,310,154 124,310,154 124,310,154 124,310,154 124,310,154 124,310,154 Generation Capacity KWs CFB Coal Plant 97,000 97,000 97,000 97,000 97,000 97,000 97,000 97,000 97,000 97,000 97,000Combustion Turbine Bethel 46,000 46,000 46,000 46,000 46,000 46,000 46,000 46,000 46,000 46,000 46,000CCK00000000000 Mine00000000000Bethel Utilities Plant00000000000Total Capacity in KWs 143,000 143,000 143,000 143,000 143,000 143,000 143,000 143,000 143,000 143,000 143,000Generation KWHsCoal Plant 682,443,088 691,750,897 701,058,707 707,930,303 714,801,900 121,202,400 121,202,400 121,202,400 121,202,400 121,202,400 121,202,400Combustion Turbine Bethel 17,498,541 17,737,202 17,975,864 18,152,059 18,328,254 3,107,754 3,107,754 3,107,754 3,107,754 3,107,754 3,107,754CCK00000000000 Mine 00000000000Purchased Power000000000002. Capital Cost(1)Plant CostsCoal Plant $/kW $2,175 $2,175 $2,175 $2,175 $2,175 $2,175 $2,175 $2,175 $2,175 $2,175 $2,175Combustion Turbine $/kW Bethel $370 $370 $370 $370 $370 $370 $370 $370 $370 $370 $370CCK Mine Bethel Utilities Plant138 kV T-Line/Mile $680,900 $680,900 $680,900 $680,900 $680,900 $0 $0 $0 $0 $0 $013/22/2004 Donlin Creek Mine - 60 MW Average Load, 20 Year Mine LifeYear 2010 2015 2020 2025 2030 2035 2040 2045 2050 2055 2060Plant Costs $Coal Plant $210,975,000 $210,975,000 $210,975,000 $210,975,000 $210,975,000 $0 $0 $0 $0 $0 $0Combustion Turbine Bethel $17,020,000 $17,020,000 $17,020,000 $17,020,000 $17,020,000 $0 $0 $0 $0 $0 $0CCK Mine $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Bethel Utilities PlantTotal $227,995,000 $227,995,000 $227,995,000 $227,995,000 $227,995,000 $0 $0 $0 $0 $0 $0138 kV T-Line @ 192 miles $130,732,800 $130,732,800 $130,732,800 $130,732,800 $130,732,800 $0 $0 $0 $0 $0 $0Bethel Diesel Plant $500,000 $500,000 $500,000 $500,000 $500,000 $0 $0 $0 $0 $0 $0138 kV Substations $4,100,000 $4,100,000 $4,100,000 $4,100,000 $4,100,000 $0 $0 $0 $0 $0 $0Village Sub.+ Dist. Lines $7,245,000 $7,245,000 $7,245,000 $7,245,000 $7,245,000 $0 $0 $0 $0 $0 $0 +100 kV DC Line @ 385 miles $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Total $142,577,800 $142,577,800 $142,577,800 $142,577,800 $142,577,800 $0 $0 $0 $0 $0 $0Tug + 3 Barges $11,600,000 $11,600,000 $11,600,000 $11,600,000 $11,600,000 $0 $0 $0 $0 $0 $0Enviormental Studies $6,000,000 $6,000,000 $6,000,000 $6,000,000 $6,000,000 $0 $0 $0 $0 $0 $0Fuel Storage Gallons Bethel 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000CCK00000000000 Mine00000000000Fuel Storage Costs $/Gallon Bethel $1.37 $1.37 $1.37 $1.37 $1.37 $1.37 $1.37 $1.37 $1.37 $1.37 $1.37CCK MineFuel Storage Costs Bethel $4,110,000 $4,110,000 $4,110,000 $4,110,000 $4,110,000 $0 $0 $0 $0 $0 $0CCK $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Mine $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Total Fuel Oil Storage $4,110,000 $4,110,000 $4,110,000 $4,110,000 $4,110,000 $0 $0 $0 $0 $0 $0District Heating System $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0SubTotal Capital Costs $392,282,800 $392,282,800 $392,282,800 $392,282,800 $392,282,800 $0 $0 $0 $0 $0 $0Interest During Constuction5% $19,614,140 $19,614,140 $19,614,140 $19,614,140 $19,614,140 $0 $0 $0 $0 $0 $0$100 M Grants, Bal. 5% $14,614,140 $14,614,140 $14,614,140 $14,614,140 $14,614,140 $0 $0 $0 $0 $0 $0$150 M Grants, Bal. 5% $12,114,140 $12,114,140 $12,114,140 $12,114,140 $12,114,140 $0 $0 $0 $0 $0 $0$200 M Grants, Bal. 5% $9,614,140 $9,614,140 $9,614,140 $9,614,140 $9,614,140 $0 $0 $0 $0 $0 $0$250 M Grants, Bal. 5% $7,114,140 $7,114,140 $7,114,140 $7,114,140 $7,114,140 $0 $0 $0 $0 $0 $0Total Capital Cost5% $411,896,940 $411,896,940 $411,896,940 $411,896,940 $411,896,940 $0 $0 $0 $0 $0 $0$100 M Grants, Bal. 5% $306,896,940 $306,896,940 $306,896,940 $306,896,940 $306,896,940 $0 $0 $0 $0 $0 $0$150 M Grants, Bal. 5% $254,396,940 $254,396,940 $254,396,940 $254,396,940 $254,396,940 $0 $0 $0 $0 $0 $0$200 M Grants, Bal. 5% $201,896,940 $201,896,940 $201,896,940 $201,896,940 $201,896,940 $0 $0 $0 $0 $0 $0$250 M Grants, Bal. 5% $149,396,940 $149,396,940 $149,396,940 $149,396,940 $149,396,940 $0 $0 $0 $0 $0 $023/22/2004 Donlin Creek Mine - 60 MW Average Load, 20 Year Mine LifeYear 2010 2015 2020 2025 2030 2035 2040 2045 2050 2055 2060 3. ExpensesAnnual Debt Service5% $33,051,676 $33,051,676 $33,051,676 $33,051,676 $33,051,676 $0 $0 $0 $0 $0 $0$100 M Grants, Bal. 5% $24,626,204 $24,626,204 $24,626,204 $24,626,204 $24,626,204 $0 $0 $0 $0 $0 $0$150 M Grants, Bal. 5% $20,413,469 $20,413,469 $20,413,469 $20,413,469 $20,413,469 $0 $0 $0 $0 $0 $0$200 M Grants, Bal. 5% $16,200,733 $16,200,733 $16,200,733 $16,200,733 $16,200,733 $0 $0 $0 $0 $0 $0$250 M Grants, Bal. 5% $11,987,997 $11,987,997 $11,987,997 $11,987,997 $11,987,997 $0 $0 $0 $0 $0 $0O&M CostsAnnual Fuel RequirementsCoal Tons 305,157 309,320 313,482 316,554 319,627 67,253 67,253 67,253 67,253 67,253 67,253 #1 Fuel Oil GallonsBethel 1,311,429 1,329,316 1,347,202 1,360,407 1,373,612 232,911 232,911 232,911 232,911 232,911 232,911CCKMine00000000000Coal $/Ton $55.00 $55.00 $55.00 $55.00 $55.00 $70.00 $70.00 $70.00 $70.00 $70.00 $70.00 #1 Fuel Oil $/GallonsBethel $1.20 $1.20 $1.20 $1.20 $1.20 $1.20 $1.20 $1.20 $1.20 $1.20 $1.20CCKMineAnnual Fuel CostsCoal $16,783,661 $17,012,573 $17,241,484 $17,410,481 $17,579,478 $4,707,679 $4,707,679 $4,707,679 $4,707,679 $4,707,679 $4,707,679 #1 Fuel OilBethel $1,573,715 $1,595,179 $1,616,643 $1,632,488 $1,648,334 $279,493 $279,493 $279,493 $279,493 $279,493 $279,493CCK $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Mine $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Annual Interest Fuel Supply Loan$500,969$507,801 $514,634$519,678$524,723$136,099$136,099$136,099$136,099$136,099$136,099 O&M Tug + Barges $1,567,000 $1,567,000 $1,567,000 $1,567,000 $1,567,000 $375,000 $375,000 $375,000 $375,000 $375,000 $375,000 Purchased PwrDemand Charge $/KWEnergy Charge $/kwhCost of Purchased Pwr $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Total $20,425,345 $20,682,553 $20,939,761 $21,129,648 $21,319,535 $5,498,270 $5,498,270 $5,498,270 $5,498,270 $5,498,270 $5,498,270O&MCoal-PlantPersonnel 2,100,000 2,100,000 2,100,000 2,100,000 2,100,000 1,400,000 1,400,000 1,400,000 1,400,000 1,400,000 1,400,000Equipment/Supplies 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 2,500,000 2,500,000 2,500,000 2,500,000 2,500,000 2,500,000Combustion Turbine $174,985 $177,372 $179,759 $181,521 $183,283 $31,078 $31,078 $31,078 $31,078 $31,078 $31,078PersonnelEquipment/SuppliesNuvista Administration $400,000 $400,000 $400,000 $400,000 $400,000 $200,000 $200,000 $200,000 $200,000 $200,000 $200,000 138 kV T-Line $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 +100KV DC Line $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Waste Heat Sales Offset $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Total O&M $7,866,985 $7,869,372 $7,871,759 $7,873,521 $7,875,283 $4,323,078 $4,323,078 $4,323,078 $4,323,078 $4,323,078 $4,323,078PCE Payments $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $033/22/2004 Donlin Creek Mine - 60 MW Average Load, 20 Year Mine LifeYear 2010 2015 2020 2025 2030 2035 2040 2045 2050 2055 2060Power CostsCapital Cost $/kWh5% $0.056 $0.055 $0.054 $0.054 $0.053 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000$100 M Grants, Bal. 5% $0.042 $0.041 $0.040 $0.040 $0.039 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000$150 M Grants, Bal. 5% $0.035 $0.034 $0.033 $0.033 $0.033 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000$200 M Grants, Bal. 5% $0.027 $0.027 $0.027 $0.026 $0.026 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000$250 M Grants, Bal. 5% $0.020 $0.020 $0.020 $0.019 $0.019 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000Fuel $/kWh $0.035 $0.034 $0.034 $0.034 $0.034 $0.056 $0.056 $0.056 $0.056 $0.056 $0.056 O&M $/kWh $0.013 $0.013 $0.013 $0.013 $0.013 $0.044 $0.044 $0.044 $0.044 $0.044 $0.044 Total $0.048 $0.048 $0.047 $0.047 $0.047 $0.100 $0.100 $0.100 $0.100 $0.100 $0.100 BreakEven Cost $/kWh5% $0.104 $0.103 $0.101 $0.101 $0.100 $0.100 $0.100 $0.100 $0.100 $0.100 $0.100 $100 M Grants, Bal. 5% $0.090 $0.089 $0.088 $0.087 $0.086 $0.100 $0.100 $0.100 $0.100 $0.100 $0.100 $150 M Grants, Bal. 5% $0.082 $0.082 $0.081 $0.080 $0.080 $0.100 $0.100 $0.100 $0.100 $0.100 $0.100 $200 M Grants, Bal. 5% $0.075 $0.075 $0.074 $0.073 $0.073 $0.100 $0.100 $0.100 $0.100 $0.100 $0.100 $250 M Grants, Bal. 5% $0.068 $0.068 $0.067 $0.066 $0.066 $0.100 $0.100 $0.100 $0.100 $0.100 $0.100 Wholesale Cost$/kWh5% 0.109 0.108 0.106 0.106 0.105 0.105 0.105 0.105 0.105 0.105 0.105$100 M Grants, Bal. 5% 0.095 0.094 0.093 0.092 0.091 0.105 0.105 0.105 0.105 0.105 0.105$150 M Grants, Bal. 5% 0.087 0.087 0.086 0.085 0.085 0.105 0.105 0.105 0.105 0.105 0.105$200 M Grants, Bal. 5% 0.080 0.080 0.079 0.078 0.078 0.105 0.105 0.105 0.105 0.105 0.105$250 M Grants, Bal. 5% 0.073 0.073 0.072 0.071 0.071 0.105 0.105 0.105 0.105 0.105 0.105Annual WholeSale Cost of Power5% $64,296,215 $64,603,542 $64,910,869 $65,137,757 $65,364,644 $10,311,499 $10,311,499 $10,311,499 $10,311,499 $10,311,499 $10,311,499$100 M Grants, Bal. 5% $55,870,743 $56,178,070 $56,485,397 $56,712,285 $56,939,173 $10,311,499 $10,311,499 $10,311,499 $10,311,499 $10,311,499 $10,311,499$150 M Grants, Bal. 5% $51,658,007 $51,965,334 $52,272,661 $52,499,549 $52,726,437 $10,311,499 $10,311,499 $10,311,499 $10,311,499 $10,311,499 $10,311,499$200 M Grants, Bal. 5% $47,445,271 $47,752,598 $48,059,925 $48,286,813 $48,513,701 $10,311,499 $10,311,499 $10,311,499 $10,311,499 $10,311,499 $10,311,499$250 M Grants, Bal. 5% $43,232,536 $43,539,863 $43,847,190 $44,074,077 $44,300,965 $10,311,499 $10,311,499 $10,311,499 $10,311,499 $10,311,499 $10,311,499Accumulated WholeSale Cost of Power5% 64,296,215 386,084,615 709,409,651 1,034,190,883 1,360,106,553 1,631,876,628 1,683,434,122 1,734,991,615 1,786,549,108 1,838,106,601 1,889,664,095$100 M Grants, Bal. 5% 55,870,743 335,531,785 616,729,463 899,383,336 1,183,171,648 1,421,239,837 1,472,797,330 1,524,354,824 1,575,912,317 1,627,469,810 1,679,027,303$150 M Grants, Bal. 5% 51,658,007 310,255,370 570,389,369 831,979,563 1,094,704,196 1,315,921,441 1,367,478,935 1,419,036,428 1,470,593,921 1,522,151,414 1,573,708,908$200 M Grants, Bal. 5% 47,445,271 284,978,955 524,049,274 764,575,790 1,006,236,743 1,210,603,046 1,262,160,539 1,313,718,032 1,365,275,525 1,416,833,019 1,468,390,512$250 M Grants, Bal. 5% 43,232,536 259,702,540 477,709,180 697,172,016 917,769,291 1,105,284,650 1,156,842,143 1,208,399,636 1,259,957,130 1,311,514,623 1,363,072,116Annual Net Income 2,952,208 2,999,940 3,047,673 3,082,912 3,118,151 490,151 490,151 490,151 490,151 490,151 490,151Accumulated Net Income 2,952,208 17,760,981 35,808,357 54,129,633 72,662,342 88,743,247 91,684,152 94,625,056 97,565,961 100,506,866 103,447,770Mine 20 yearPower cost5% $1,144,705,549$100 M Grants, Bal. 5% $994,701,631$150 M Grants, Bal. 5% $919,699,671$200 M Grants, Bal. 5% $844,697,712$250 M Grants, Bal. 5% $769,695,75343/22/2004 Donlin Creek Mine - 60 MW Average Load, 20 Year Mine LifeFording Coal97 MW Barge Mounted Coal Plant Bethel +46 MW Combustion Turbine + 138 KV T-Line to mine, No Waste Heat SalesBethel+8 villagesYear 2010 2015 2020 2025 2030 2035 2040 2045 2050 2055 20601. Power RequirementsKWs Peak DemandDonlin Gold Mine 70,000 70,000 70,000 70,000 70,000 0 00000Villages 2,281 2,630 2,980 3,123 3,266 3,350 3,433 3,433 3,433 3,433 3,433Bethel 9,580 10,995 12,410 13,407 14,403 14,403 14,403 14,403 14,403 14,403 14,403Line Loss 5,000 5,000 5,000 5,000 5,000 500 500 500 500 500 500In Plant Use 7,500 7,500 7,500 7,500 7,500 2,500 2,500 2,500 2,500 2,500 2,500Total KW 94,361 96,125 97,890 99,029 100,169 20,753 20,836 20,836 20,836 20,836 20,836KWHsDonlin Gold Mine 525,600,000 525,600,000 525,600,000 525,600,000 525,600,000 0 00000Villages 10,295,423 11,782,606 13,269,790 14,645,290 16,020,790 16,020,790 16,020,790 16,020,790 16,020,790 16,020,790 16,020,790Bethel 54,546,206 62,605,493 70,664,781 76,337,072 82,009,364 82,009,364 82,009,364 82,009,364 82,009,364 82,009,364 82,009,364Total KWH Sales 590,441,628 599,988,100 609,534,571 616,582,362 623,630,154 98,030,154 98,030,154 98,030,154 98,030,154 98,030,154 98,030,154T-Line losses 43,800,000 43,800,000 43,800,000 43,800,000 43,800,000 4,380,000 4,380,000 4,380,000 4,380,000 4,380,000 4,380,000In Plant Use 65,700,000 65,700,000 65,700,000 65,700,000 65,700,000 21,900,000 21,900,000 21,900,000 21,900,000 21,900,000 21,900,000Total kWh Generated 699,941,628 709,488,100 719,034,571 726,082,362 733,130,154 124,310,154 124,310,154 124,310,154 124,310,154 124,310,154 124,310,154 Generation Capacity KWs CFB Coal Plant 97,000 97,000 97,000 97,000 97,000 97,000 97,000 97,000 97,000 97,000 97,000Combustion Turbine Bethel 46,000 46,000 46,000 46,000 46,000 46,000 46,000 46,000 46,000 46,000 46,000CCK00000000000 Mine00000000000Bethel Utilities Plant00000000000Total Capacity in KWs 143,000 143,000 143,000 143,000 143,000 143,000 143,000 143,000 143,000 143,000 143,000Generation KWHsCoal Plant 682,443,088 691,750,897 701,058,707 707,930,303 714,801,900 121,202,400 121,202,400 121,202,400 121,202,400 121,202,400 121,202,400Combustion Turbine Bethel 17,498,541 17,737,202 17,975,864 18,152,059 18,328,254 3,107,754 3,107,754 3,107,754 3,107,754 3,107,754 3,107,754CCK00000000000 Mine 00000000000Purchased Power000000000002. Capital Cost(1)Plant CostsCoal Plant $/kW $1,940 $1,940 $1,940 $1,940 $1,940 $1,940 $1,940 $1,940 $1,940 $1,940 $1,940Combustion Turbine $/kW Bethel $370 $370 $370 $370 $370 $370 $370 $370 $370 $370 $370CCK Mine Bethel Utilities Plant138 kV T-Line/Mile $680,900 $680,900 $680,900 $680,900 $680,900 $0 $0 $0 $0 $0 $013/22/2004 Donlin Creek Mine - 60 MW Average Load, 20 Year Mine LifeYear 2010 2015 2020 2025 2030 2035 2040 2045 2050 2055 2060Plant Costs $Coal Plant $188,180,000 $188,180,000 $188,180,000 $188,180,000 $188,180,000 $0 $0 $0 $0 $0 $0Combustion Turbine Bethel $17,020,000 $17,020,000 $17,020,000 $17,020,000 $17,020,000 $0 $0 $0 $0 $0 $0CCK Mine $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Bethel Utilities PlantTotal $205,200,000 $205,200,000 $205,200,000 $205,200,000 $205,200,000 $0 $0 $0 $0 $0 $0138 kV T-Line @ 192 miles $130,732,800 $130,732,800 $130,732,800 $130,732,800 $130,732,800 $0 $0 $0 $0 $0 $0Bethel Diesel Plant $500,000 $500,000 $500,000 $500,000 $500,000 $0 $0 $0 $0 $0 $0138 kV Substations $4,100,000 $4,100,000 $4,100,000 $4,100,000 $4,100,000 $0 $0 $0 $0 $0 $0Village Sub.+ Dist. Lines $7,245,000 $7,245,000 $7,245,000 $7,245,000 $7,245,000 $0 $0 $0 $0 $0 $0 +100 kV DC Line @ 385 miles $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Total $142,577,800 $142,577,800 $142,577,800 $142,577,800 $142,577,800 $0 $0 $0 $0 $0 $0Tug + 3 Barges $11,600,000 $11,600,000 $11,600,000 $11,600,000 $11,600,000 $0 $0 $0 $0 $0 $0Enviormental Studies $6,000,000 $6,000,000 $6,000,000 $6,000,000 $6,000,000 $0 $0 $0 $0 $0 $0Fuel Storage Gallons Bethel 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000CCK00000000000 Mine00000000000Fuel Storage Costs $/Gallon Bethel $1.37 $1.37 $1.37 $1.37 $1.37 $1.37 $1.37 $1.37 $1.37 $1.37 $1.37CCK MineFuel Storage Costs Bethel $4,110,000 $4,110,000 $4,110,000 $4,110,000 $4,110,000 $0 $0 $0 $0 $0 $0CCK $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Mine $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Total Fuel Oil Storage $4,110,000 $4,110,000 $4,110,000 $4,110,000 $4,110,000 $0 $0 $0 $0 $0 $0District Heating System $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0SubTotal Capital Costs $369,487,800 $369,487,800 $369,487,800 $369,487,800 $369,487,800 $0 $0 $0 $0 $0 $0Interest During Constuction5% $18,474,390 $18,474,390 $18,474,390 $18,474,390 $18,474,390 $0 $0 $0 $0 $0 $0$100 M Grants, Bal. 5% $13,474,390 $13,474,390 $13,474,390 $13,474,390 $13,474,390 $0 $0 $0 $0 $0 $0$150 M Grants, Bal. 5% $10,974,390 $10,974,390 $10,974,390 $10,974,390 $10,974,390 $0 $0 $0 $0 $0 $0$200 M Grants, Bal. 5% $8,474,390 $8,474,390 $8,474,390 $8,474,390 $8,474,390 $0 $0 $0 $0 $0 $0$250 M Grants, Bal. 5% $5,974,390 $5,974,390 $5,974,390 $5,974,390 $5,974,390 $0 $0 $0 $0 $0 $0Total Capital Cost5% $387,962,190 $387,962,190 $387,962,190 $387,962,190 $387,962,190 $0 $0 $0 $0 $0 $0$100 M Grants, Bal. 5% $282,962,190 $282,962,190 $282,962,190 $282,962,190 $282,962,190 $0 $0 $0 $0 $0 $0$150 M Grants, Bal. 5% $230,462,190 $230,462,190 $230,462,190 $230,462,190 $230,462,190 $0 $0 $0 $0 $0 $0$200 M Grants, Bal. 5% $177,962,190 $177,962,190 $177,962,190 $177,962,190 $177,962,190 $0 $0 $0 $0 $0 $0$250 M Grants, Bal. 5% $125,462,190 $125,462,190 $125,462,190 $125,462,190 $125,462,190 $0 $0 $0 $0 $0 $023/22/2004 Donlin Creek Mine - 60 MW Average Load, 20 Year Mine LifeYear 2010 2015 2020 2025 2030 2035 2040 2045 2050 2055 2060 3. ExpensesAnnual Debt Service5% $31,131,090 $31,131,090 $31,131,090 $31,131,090 $31,131,090 $0 $0 $0 $0 $0 $0$100 M Grants, Bal. 5% $22,705,618 $22,705,618 $22,705,618 $22,705,618 $22,705,618 $0 $0 $0 $0 $0 $0$150 M Grants, Bal. 5% $18,492,882 $18,492,882 $18,492,882 $18,492,882 $18,492,882 $0 $0 $0 $0 $0 $0$200 M Grants, Bal. 5% $14,280,147 $14,280,147 $14,280,147 $14,280,147 $14,280,147 $0 $0 $0 $0 $0 $0$250 M Grants, Bal. 5% $10,067,411 $10,067,411 $10,067,411 $10,067,411 $10,067,411 $0 $0 $0 $0 $0 $0O&M CostsAnnual Fuel RequirementsCoal Tons 305,157 309,320 313,482 316,554 319,627 67,253 67,253 67,253 67,253 67,253 67,253 #1 Fuel Oil GallonsBethel 1,311,429 1,329,316 1,347,202 1,360,407 1,373,612 232,911 232,911 232,911 232,911 232,911 232,911CCKMine00000000000Coal $/Ton $55.00 $55.00 $55.00 $55.00 $55.00 $70.00 $70.00 $70.00 $70.00 $70.00 $70.00 #1 Fuel Oil $/GallonsBethel $1.20 $1.20 $1.20 $1.20 $1.20 $1.20 $1.20 $1.20 $1.20 $1.20 $1.20CCKMineAnnual Fuel CostsCoal $16,783,661 $17,012,573 $17,241,484 $17,410,481 $17,579,478 $4,707,679 $4,707,679 $4,707,679 $4,707,679 $4,707,679 $4,707,679 #1 Fuel OilBethel $1,573,715 $1,595,179 $1,616,643 $1,632,488 $1,648,334 $279,493 $279,493 $279,493 $279,493 $279,493 $279,493CCK $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Mine $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Annual Interest Fuel Supply Loan$500,969$507,801 $514,634$519,678$524,723$136,099$136,099$136,099$136,099$136,099$136,099 O&M Tug + Barges $1,567,000 $1,567,000 $1,567,000 $1,567,000 $1,567,000 $375,000 $375,000 $375,000 $375,000 $375,000 $375,000 Purchased PwrDemand Charge $/KWEnergy Charge $/kwhCost of Purchased Pwr $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Total $20,425,345 $20,682,553 $20,939,761 $21,129,648 $21,319,535 $5,498,270 $5,498,270 $5,498,270 $5,498,270 $5,498,270 $5,498,270O&MCoal-PlantPersonnel 2,100,000 2,100,000 2,100,000 2,100,000 2,100,000 1,400,000 1,400,000 1,400,000 1,400,000 1,400,000 1,400,000Equipment/Supplies 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 2,500,000 2,500,000 2,500,000 2,500,000 2,500,000 2,500,000Combustion Turbine $174,985 $177,372 $179,759 $181,521 $183,283 $31,078 $31,078 $31,078 $31,078 $31,078 $31,078PersonnelEquipment/SuppliesNuvista Administration $400,000 $400,000 $400,000 $400,000 $400,000 $200,000 $200,000 $200,000 $200,000 $200,000 $200,000 138 kV T-Line $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 +100KV DC Line $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Waste Heat Sales Offset $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Total O&M $7,866,985 $7,869,372 $7,871,759 $7,873,521 $7,875,283 $4,323,078 $4,323,078 $4,323,078 $4,323,078 $4,323,078 $4,323,078PCE Payments $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $033/22/2004 Donlin Creek Mine - 60 MW Average Load, 20 Year Mine LifeYear 2010 2015 2020 2025 2030 2035 2040 2045 2050 2055 2060Power CostsCapital Cost $/kWh5% $0.053 $0.052 $0.051 $0.050 $0.050 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000$100 M Grants, Bal. 5% $0.038 $0.038 $0.037 $0.037 $0.036 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000$150 M Grants, Bal. 5% $0.031 $0.031 $0.030 $0.030 $0.030 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000$200 M Grants, Bal. 5% $0.024 $0.024 $0.023 $0.023 $0.023 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000$250 M Grants, Bal. 5% $0.017 $0.017 $0.017 $0.016 $0.016 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000Fuel $/kWh $0.035 $0.034 $0.034 $0.034 $0.034 $0.056 $0.056 $0.056 $0.056 $0.056 $0.056 O&M $/kWh $0.013 $0.013 $0.013 $0.013 $0.013 $0.044 $0.044 $0.044 $0.044 $0.044 $0.044 Total $0.048 $0.048 $0.047 $0.047 $0.047 $0.100 $0.100 $0.100 $0.100 $0.100 $0.100 BreakEven Cost $/kWh5% $0.101 $0.099 $0.098 $0.098 $0.097 $0.100 $0.100 $0.100 $0.100 $0.100 $0.100 $100 M Grants, Bal. 5% $0.086 $0.085 $0.085 $0.084 $0.083 $0.100 $0.100 $0.100 $0.100 $0.100 $0.100 $150 M Grants, Bal. 5% $0.079 $0.078 $0.078 $0.077 $0.076 $0.100 $0.100 $0.100 $0.100 $0.100 $0.100 $200 M Grants, Bal. 5% $0.072 $0.071 $0.071 $0.070 $0.070 $0.100 $0.100 $0.100 $0.100 $0.100 $0.100 $250 M Grants, Bal. 5% $0.065 $0.064 $0.064 $0.063 $0.063 $0.100 $0.100 $0.100 $0.100 $0.100 $0.100 Wholesale Cost$/kWh5% 0.106 0.104 0.103 0.103 0.102 0.105 0.105 0.105 0.105 0.105 0.105$100 M Grants, Bal. 5% 0.091 0.090 0.090 0.089 0.088 0.105 0.105 0.105 0.105 0.105 0.105$150 M Grants, Bal. 5% 0.084 0.083 0.083 0.082 0.081 0.105 0.105 0.105 0.105 0.105 0.105$200 M Grants, Bal. 5% 0.077 0.076 0.076 0.075 0.075 0.105 0.105 0.105 0.105 0.105 0.105$250 M Grants, Bal. 5% 0.070 0.069 0.069 0.068 0.068 0.105 0.105 0.105 0.105 0.105 0.105Annual WholeSale Cost of Power5% $62,375,628 $62,682,955 $62,990,283 $63,217,170 $63,444,058 $10,311,499 $10,311,499 $10,311,499 $10,311,499 $10,311,499 $10,311,499$100 M Grants, Bal. 5% $53,950,157 $54,257,484 $54,564,811 $54,791,699 $55,018,586 $10,311,499 $10,311,499 $10,311,499 $10,311,499 $10,311,499 $10,311,499$150 M Grants, Bal. 5% $49,737,421 $50,044,748 $50,352,075 $50,578,963 $50,805,850 $10,311,499 $10,311,499 $10,311,499 $10,311,499 $10,311,499 $10,311,499$200 M Grants, Bal. 5% $45,524,685 $45,832,012 $46,139,339 $46,366,227 $46,593,115 $10,311,499 $10,311,499 $10,311,499 $10,311,499 $10,311,499 $10,311,499$250 M Grants, Bal. 5% $41,311,949 $41,619,276 $41,926,603 $42,153,491 $42,380,379 $10,311,499 $10,311,499 $10,311,499 $10,311,499 $10,311,499 $10,311,499Accumulated WholeSale Cost of Power5% 62,375,628 374,561,098 688,283,202 1,003,461,502 1,319,774,241 1,583,861,972 1,635,419,465 1,686,976,958 1,738,534,452 1,790,091,945 1,841,649,438$100 M Grants, Bal. 5% 53,950,157 324,008,268 595,603,014 868,653,956 1,142,839,337 1,373,225,180 1,424,782,674 1,476,340,167 1,527,897,660 1,579,455,153 1,631,012,647$150 M Grants, Bal. 5% 49,737,421 298,731,853 549,262,920 801,250,183 1,054,371,884 1,267,906,785 1,319,464,278 1,371,021,771 1,422,579,264 1,474,136,758 1,525,694,251$200 M Grants, Bal. 5% 45,524,685 273,455,438 502,922,826 733,846,409 965,904,432 1,162,588,389 1,214,145,882 1,265,703,376 1,317,260,869 1,368,818,362 1,420,375,855$250 M Grants, Bal. 5% 41,311,949 248,179,023 456,582,731 666,442,636 877,436,979 1,057,269,993 1,108,827,487 1,160,384,980 1,211,942,473 1,263,499,966 1,315,057,460Annual Net Income 2,952,208 2,999,940 3,047,673 3,082,912 3,118,151 490,151 490,151 490,151 490,151 490,151 490,151Accumulated Net Income 2,952,208 17,760,981 35,808,357 54,129,633 72,662,342 88,743,247 91,684,152 94,625,056 97,565,961 100,506,866 103,447,770Mine 20 yearPower cost5% $1,110,512,156$100 M Grants, Bal. 5% $960,508,237$150 M Grants, Bal. 5% $885,506,278$200 M Grants, Bal. 5% $810,504,319$250 M Grants, Bal. 5% $735,502,35943/22/2004 Donlin Creek Mine - 60 MW Average Load, 20 Year Mine LifeFording Coal80 MW Barge Mounted Coal Plant Bethel +46 MW Combustion Turbine + 138 KV T-Line to mine, No Waste Heat SalesBethel+8 villagesYear 2010 2015 2020 2025 2030 2035 2040 2045 2050 2055 20601. Power RequirementsKWs Peak DemandDonlin Gold Mine 70,000 70,000 70,000 70,000 70,000000000Villages 2,281 2,630 2,980 3,123 3,266 3,350 3,433 3,433 3,433 3,433 3,433Bethel 9,580 10,995 12,410 13,407 14,403 14,403 14,403 14,403 14,403 14,403 14,403Line Loss 5,000 5,000 5,000 5,000 5,000 500 500 500 500 500 500In Plant Use 7,500 7,500 7,500 7,500 7,500 2,500 2,500 2,500 2,500 2,500 2,500Total KW 94,361 96,125 97,890 99,029 100,169 20,753 20,836 20,836 20,836 20,836 20,836KWHsDonlin Gold Mine 525,600,000 525,600,000 525,600,000 525,600,000 525,600,000000000Villages 10,295,423 11,782,606 13,269,790 14,645,290 16,020,790 16,020,790 16,020,790 16,020,790 16,020,790 16,020,790 16,020,790Bethel 54,546,206 62,605,493 70,664,781 76,337,072 82,009,364 82,009,364 82,009,364 82,009,364 82,009,364 82,009,364 82,009,364Total KWH Sales 590,441,628 599,988,100 609,534,571 616,582,362 623,630,154 98,030,154 98,030,154 98,030,154 98,030,154 98,030,154 98,030,154T-Line losses 43,800,000 43,800,000 43,800,000 43,800,000 43,800,000 4,380,000 4,380,000 4,380,000 4,380,000 4,380,000 4,380,000In Plant Use 65,700,000 65,700,000 65,700,000 65,700,000 65,700,000 21,900,000 21,900,000 21,900,000 21,900,000 21,900,000 21,900,000Total kWh Generated 699,941,628 709,488,100 719,034,571 726,082,362 733,130,154 124,310,154 124,310,154 124,310,154 124,310,154 124,310,154 124,310,154 Generation Capacity KWs CFB Coal Plant 80,000 80,000 80,000 80,000 80,000 80,000 80,000 80,000 80,000 80,000 80,000Combustion Turbine Bethel 25,000 25,000 25,000 25,000 25,000 25,000 25,000 25,000 25,000 25,000 25,000CCK00000000000 Mine00000000000Bethel Utilities Plant 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000Total Capacity in KWs 115,000 115,000 115,000 115,000 115,000 115,000 115,000 115,000 115,000 115,000 115,000Generation KWHsCoal Plant 682,443,088 691,750,897 701,058,707 707,930,303 714,801,900 121,202,400 121,202,400 121,202,400 121,202,400 121,202,400 121,202,400Combustion Turbine Bethel 17,498,541 17,737,202 17,975,864 18,152,059 18,328,254 3,107,754 3,107,754 3,107,754 3,107,754 3,107,754 3,107,754CCK00000000000 Mine 00000000000Purchased Power000000000002. Capital Cost(1)Plant CostsCoal Plant $/kW $2,190 $2,190 $2,190 $2,190 $2,190 $2,190 $2,190 $2,190 $2,190 $2,190 $2,190Combustion Turbine $/kW Bethel $370 $370 $370 $370 $370 $370 $370 $370 $370 $370 $370CCK Mine Bethel Utilities Plant $250 $250 $250 $250 $250 $250 $250 $250 $250 $250 $250138 kV T-Line/Mile $680,900 $680,900 $680,900 $680,900 $680,900 $0 $0 $0 $0 $0 $013/22/2004 Donlin Creek Mine - 60 MW Average Load, 20 Year Mine LifeYear 2010 2015 2020 2025 2030 2035 2040 2045 2050 2055 2060Plant Costs $Coal Plant $175,200,000 $175,200,000 $175,200,000 $175,200,000 $175,200,000 $0 $0 $0 $0 $0 $0Combustion Turbine Bethel $9,250,000 $9,250,000 $9,250,000 $9,250,000 $9,250,000 $0 $0 $0 $0 $0 $0CCK Mine $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Bethel Utilities Plant $2,500,000 $2,500,000 $2,500,000 $2,500,000 $2,500,000Total $186,950,000 $186,950,000 $186,950,000 $186,950,000 $186,950,000 $0 $0 $0 $0 $0 $0138 kV T-Line @ 192 miles $130,732,800 $130,732,800 $130,732,800 $130,732,800 $130,732,800 $0 $0 $0 $0 $0 $0Bethel Diesel Plant $500,000 $500,000 $500,000 $500,000 $500,000 $0 $0 $0 $0 $0 $0138 kV Substations $4,100,000 $4,100,000 $4,100,000 $4,100,000 $4,100,000 $0 $0 $0 $0 $0 $0Village Sub.+ Dist. Lines $7,245,000 $7,245,000 $7,245,000 $7,245,000 $7,245,000 $0 $0 $0 $0 $0 $0 +100 kV DC Line @ 385 miles $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Total $142,577,800 $142,577,800 $142,577,800 $142,577,800 $142,577,800 $0 $0 $0 $0 $0 $0Tug + 3 Barges $11,600,000 $11,600,000 $11,600,000 $11,600,000 $11,600,000 $0 $0 $0 $0 $0 $0Enviormental Studies $6,000,000 $6,000,000 $6,000,000 $6,000,000 $6,000,000 $0 $0 $0 $0 $0 $0Fuel Storage Gallons Bethel 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000CCK00000000000 Mine00000000000Fuel Storage Costs $/Gallon Bethel $1.37 $1.37 $1.37 $1.37 $1.37 $1.37 $1.37 $1.37 $1.37 $1.37 $1.37CCK MineFuel Storage Costs Bethel $4,110,000 $4,110,000 $4,110,000 $4,110,000 $4,110,000 $0 $0 $0 $0 $0 $0CCK $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Mine $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Total Fuel Oil Storage $4,110,000 $4,110,000 $4,110,000 $4,110,000 $4,110,000 $0 $0 $0 $0 $0 $0District Heating System $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0SubTotal Capital Costs $351,237,800 $351,237,800 $351,237,800 $351,237,800 $351,237,800 $0 $0 $0 $0 $0 $0Interest During Constuction5% $17,561,890 $17,561,890 $17,561,890 $17,561,890 $17,561,890 $0 $0 $0 $0 $0 $0$100 M Grants, Bal. 5% $12,561,890 $12,561,890 $12,561,890 $12,561,890 $12,561,890 $0 $0 $0 $0 $0 $0$150 M Grants, Bal. 5% $10,061,890 $10,061,890 $10,061,890 $10,061,890 $10,061,890 $0 $0 $0 $0 $0 $0$200 M Grants, Bal. 5% $7,561,890 $7,561,890 $7,561,890 $7,561,890 $7,561,890 $0 $0 $0 $0 $0 $0$250 M Grants, Bal. 5% $5,061,890 $5,061,890 $5,061,890 $5,061,890 $5,061,890 $0 $0 $0 $0 $0 $0Total Capital Cost5% $368,799,690 $368,799,690 $368,799,690 $368,799,690 $368,799,690 $0 $0 $0 $0 $0 $0$100 M Grants, Bal. 5% $263,799,690 $263,799,690 $263,799,690 $263,799,690 $263,799,690 $0 $0 $0 $0 $0 $0$150 M Grants, Bal. 5% $211,299,690 $211,299,690 $211,299,690 $211,299,690 $211,299,690 $0 $0 $0 $0 $0 $0$200 M Grants, Bal. 5% $158,799,690 $158,799,690 $158,799,690 $158,799,690 $158,799,690 $0 $0 $0 $0 $0 $0$250 M Grants, Bal. 5% $106,299,690 $106,299,690 $106,299,690 $106,299,690 $106,299,690 $0 $0 $0 $0 $0 $023/22/2004 Donlin Creek Mine - 60 MW Average Load, 20 Year Mine LifeYear 2010 2015 2020 2025 2030 2035 2040 2045 2050 2055 2060 3. ExpensesAnnual Debt Service5% $29,593,441 $29,593,441 $29,593,441 $29,593,441 $29,593,441 $0 $0 $0 $0 $0 $0$100 M Grants, Bal. 5% $21,167,970 $21,167,970 $21,167,970 $21,167,970 $21,167,970 $0 $0 $0 $0 $0 $0$150 M Grants, Bal. 5% $16,955,234 $16,955,234 $16,955,234 $16,955,234 $16,955,234 $0 $0 $0 $0 $0 $0$200 M Grants, Bal. 5% $12,742,498 $12,742,498 $12,742,498 $12,742,498 $12,742,498 $0 $0 $0 $0 $0 $0$250 M Grants, Bal. 5% $8,529,762 $8,529,762 $8,529,762 $8,529,762 $8,529,762 $0 $0 $0 $0 $0 $0O&M CostsAnnual Fuel RequirementsCoal Tons 305,157 309,320 313,482 316,554 319,627 67,253 67,253 67,253 67,253 67,253 67,253 #1 Fuel Oil GallonsBethel 1,311,429 1,329,316 1,347,202 1,360,407 1,373,612 232,911 232,911 232,911 232,911 232,911 232,911CCKMine00000000000Coal $/Ton $55.00 $55.00 $55.00 $55.00 $55.00 $70.00 $70.00 $70.00 $70.00 $70.00 $70.00 #1 Fuel Oil $/GallonsBethel $1.20 $1.20 $1.20 $1.20 $1.20 $1.20 $1.20 $1.20 $1.20 $1.20 $1.20CCKMineAnnual Fuel CostsCoal $16,783,661 $17,012,573 $17,241,484 $17,410,481 $17,579,478 $4,707,679 $4,707,679 $4,707,679 $4,707,679 $4,707,679 $4,707,679 #1 Fuel OilBethel $1,573,715 $1,595,179 $1,616,643 $1,632,488 $1,648,334 $279,493 $279,493 $279,493 $279,493 $279,493 $279,493CCK $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Mine $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Annual Interest Fuel Supply Loan$500,969$507,801 $514,634$519,678$524,723$136,099$136,099$136,099$136,099$136,099$136,099 O&M Tug + Barges $1,567,000 $1,567,000 $1,567,000 $1,567,000 $1,567,000 $375,000 $375,000 $375,000 $375,000 $375,000 $375,000 Purchased PwrDemand Charge $/KWEnergy Charge $/kwhCost of Purchased Pwr $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Total $20,425,345 $20,682,553 $20,939,761 $21,129,648 $21,319,535 $5,498,270 $5,498,270 $5,498,270 $5,498,270 $5,498,270 $5,498,270O&MCoal-PlantPersonnel 2,100,000 2,100,000 2,100,000 2,100,000 2,100,000 1,400,000 1,400,000 1,400,000 1,400,000 1,400,000 1,400,000Equipment/Supplies 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 2,500,000 2,500,000 2,500,000 2,500,000 2,500,000 2,500,000Combustion Turbine $174,985 $177,372 $179,759 $181,521 $183,283 $31,078 $31,078 $31,078 $31,078 $31,078 $31,078PersonnelEquipment/SuppliesNuvista Administration $400,000 $400,000 $400,000 $400,000 $400,000 $200,000 $200,000 $200,000 $200,000 $200,000 $200,000 138 kV T-Line $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 +100KV DC Line $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Waste Heat Sales Offset $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Total O&M $7,866,985 $7,869,372 $7,871,759 $7,873,521 $7,875,283 $4,323,078 $4,323,078 $4,323,078 $4,323,078 $4,323,078 $4,323,078PCE Payments $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $033/22/2004 Donlin Creek Mine - 60 MW Average Load, 20 Year Mine LifeYear 2010 2015 2020 2025 2030 2035 2040 2045 2050 2055 2060Power CostsCapital Cost $/kWh5% $0.050 $0.049 $0.049 $0.048 $0.047 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000$100 M Grants, Bal. 5% $0.036 $0.035 $0.035 $0.034 $0.034 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000$150 M Grants, Bal. 5% $0.029 $0.028 $0.028 $0.027 $0.027 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000$200 M Grants, Bal. 5% $0.022 $0.021 $0.021 $0.021 $0.020 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000$250 M Grants, Bal. 5% $0.014 $0.014 $0.014 $0.014 $0.014 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000Fuel $/kWh $0.035 $0.034 $0.034 $0.034 $0.034 $0.056 $0.056 $0.056 $0.056 $0.056 $0.056 O&M $/kWh $0.013 $0.013 $0.013 $0.013 $0.013 $0.044 $0.044 $0.044 $0.044 $0.044 $0.044 Total $0.048 $0.048 $0.047 $0.047 $0.047 $0.100 $0.100 $0.100 $0.100 $0.100 $0.100 BreakEven Cost $/kWh5% $0.098 $0.097 $0.096 $0.095 $0.094 $0.100 $0.100 $0.100 $0.100 $0.100 $0.100 $100 M Grants, Bal. 5% $0.084 $0.083 $0.082 $0.081 $0.081 $0.100 $0.100 $0.100 $0.100 $0.100 $0.100 $150 M Grants, Bal. 5% $0.077 $0.076 $0.075 $0.075 $0.074 $0.100 $0.100 $0.100 $0.100 $0.100 $0.100 $200 M Grants, Bal. 5% $0.069 $0.069 $0.068 $0.068 $0.067 $0.100 $0.100 $0.100 $0.100 $0.100 $0.100 $250 M Grants, Bal. 5% $0.062 $0.062 $0.061 $0.061 $0.060 $0.100 $0.100 $0.100 $0.100 $0.100 $0.100 Wholesale Cost$/kWh5% 0.103 0.102 0.101 0.100 0.099 0.105 0.105 0.105 0.105 0.105 0.105$100 M Grants, Bal. 5% 0.089 0.088 0.087 0.086 0.086 0.105 0.105 0.105 0.105 0.105 0.105$150 M Grants, Bal. 5% 0.082 0.081 0.080 0.080 0.079 0.105 0.105 0.105 0.105 0.105 0.105$200 M Grants, Bal. 5% 0.074 0.074 0.073 0.073 0.072 0.105 0.105 0.105 0.105 0.105 0.105$250 M Grants, Bal. 5% 0.067 0.067 0.066 0.066 0.065 0.105 0.105 0.105 0.105 0.105 0.105Annual WholeSale Cost of Power5% $60,837,980 $61,145,307 $61,452,634 $61,679,522 $61,906,409 $10,311,499 $10,311,499 $10,311,499 $10,311,499 $10,311,499 $10,311,499$100 M Grants, Bal. 5% $52,412,508 $52,719,835 $53,027,162 $53,254,050 $53,480,938 $10,311,499 $10,311,499 $10,311,499 $10,311,499 $10,311,499 $10,311,499$150 M Grants, Bal. 5% $48,199,772 $48,507,099 $48,814,426 $49,041,314 $49,268,202 $10,311,499 $10,311,499 $10,311,499 $10,311,499 $10,311,499 $10,311,499$200 M Grants, Bal. 5% $43,987,037 $44,294,364 $44,601,691 $44,828,578 $45,055,466 $10,311,499 $10,311,499 $10,311,499 $10,311,499 $10,311,499 $10,311,499$250 M Grants, Bal. 5% $39,774,301 $40,081,628 $40,388,955 $40,615,843 $40,842,730 $10,311,499 $10,311,499 $10,311,499 $10,311,499 $10,311,499 $10,311,499Accumulated WholeSale Cost of Power5% 60,837,980 365,335,206 671,369,068 978,859,125 1,287,483,621 1,545,420,757 1,596,978,251 1,648,535,744 1,700,093,237 1,751,650,730 1,803,208,224$100 M Grants, Bal. 5% 52,412,508 314,782,376 578,688,879 844,051,579 1,110,548,717 1,334,783,966 1,386,341,459 1,437,898,953 1,489,456,446 1,541,013,939 1,592,571,432$150 M Grants, Bal. 5% 48,199,772 289,505,961 532,348,785 776,647,805 1,022,081,264 1,229,465,570 1,281,023,064 1,332,580,557 1,384,138,050 1,435,695,543 1,487,253,036$200 M Grants, Bal. 5% 43,987,037 264,229,546 486,008,691 709,244,032 933,613,812 1,124,147,175 1,175,704,668 1,227,262,161 1,278,819,654 1,330,377,148 1,381,934,641$250 M Grants, Bal. 5% 39,774,301 238,953,131 439,668,597 641,840,259 845,146,359 1,018,828,779 1,070,386,272 1,121,943,765 1,173,501,259 1,225,058,752 1,276,616,245Annual Net Income 2,952,208 2,999,940 3,047,673 3,082,912 3,118,151 490,151 490,151 490,151 490,151 490,151 490,151Accumulated Net Income 2,952,208 17,760,981 35,808,357 54,129,633 72,662,342 88,743,247 91,684,152 94,625,056 97,565,961 100,506,866 103,447,770Mine 20 yearPower cost5% $1,083,136,441$100 M Grants, Bal. 5% $933,132,522$150 M Grants, Bal. 5% $858,130,563$200 M Grants, Bal. 5% $783,128,603$250 M Grants, Bal. 5% $708,126,64443/22/2004 Donlin Creek MIne -70 MW Aveage Demand, 20 Year Mine LifeFording Coal97 MW Land-Based Coal Plant Bethel +46 MW Combustion Turbine + 138 KV T-Line to mine, No Waste Heat SalesBethel+8 villagesYear 2010 2015 2020 2025 2030 2035 2040 2045 2050 2055 20601. Power RequirementsKWs Peak DemandDonlin Gold Mine 80,000 80,000 80,000 80,000 80,000 000000Villages 2,281 2,630 2,980 3,123 3,266 3,350 3,433 3,433 3,433 3,433 3,433Bethel 9,580 10,995 12,410 13,407 14,403 14,403 14,403 14,403 14,403 14,403 14,403Line Loss 6,700 6,700 6,700 6,700 6,700 500 500 500 500 500 500In Plant Use 7,500 7,500 7,500 7,500 7,500 2,500 2,500 2,500 2,500 2,500 2,500Total KW 106,061 107,825 109,590 110,729 111,869 20,753 20,836 20,836 20,836 20,836 20,836KWHsDonlin Gold Mine 613,200,000 613,200,000 613,200,000 613,200,000 613,200,000 000000Villages 10,295,423 11,782,606 13,269,790 14,645,290 16,020,790 16,020,790 16,020,790 16,020,790 16,020,790 16,020,790 16,020,790Bethel 54,546,206 62,605,493 70,664,781 76,337,072 82,009,364 82,009,364 82,009,364 82,009,364 82,009,364 82,009,364 82,009,364Total KWH Sales 678,041,628 687,588,100 697,134,571 704,182,362 711,230,154 98,030,154 98,030,154 98,030,154 98,030,154 98,030,154 98,030,154T-Line losses 58,692,000 58,692,000 58,692,000 58,692,000 58,692,000 4,380,000 4,380,000 4,380,000 4,380,000 4,380,000 4,380,000In Plant Use 65,700,000 65,700,000 65,700,000 65,700,000 65,700,000 21,900,000 21,900,000 21,900,000 21,900,000 21,900,000 21,900,000Total kWh Generated 802,433,628 811,980,100 821,526,571 828,574,362 835,622,154 124,310,154 124,310,154 124,310,154 124,310,154 124,310,154 124,310,154 Generation Capacity KWs CFB Coal Plant 97,000 97,000 97,000 97,000 97,000 97,000 97,000 97,000 97,000 97,000 97,000Combustion Turbine Bethel 46,000 46,000 46,000 46,000 46,000 46,000 46,000 46,000 46,000 46,000 46,000CCK00000000000 Mine 0 0 0 0 0 000000Bethel Utilities Plant 0 0 0 0 0 000000Total Capacity in KWs 143,000 143,000 143,000 143,000 143,000 143,000 143,000 143,000 143,000 143,000 143,000Generation KWHsCoal Plant 782,372,788 791,680,597 800,988,407 807,860,003 814,731,600 121,202,400 121,202,400 121,202,400 121,202,400 121,202,400 121,202,400Combustion Turbine Bethel 20,060,841 20,299,502 20,538,164 20,714,359 20,890,554 3,107,754 3,107,754 3,107,754 3,107,754 3,107,754 3,107,754CCK00000000000 Mine 0 0 0 0 0 000000Purchased Power 0 0 0 0 0 0000002. Capital Cost(1)Plant CostsCoal Plant $/kW $2,175 $2,175 $2,175 $2,175 $2,175 $2,175 $2,175 $2,175 $2,175 $2,175 $2,175Combustion Turbine $/kW Bethel $370 $370 $370 $370 $370 $370 $370 $370 $370 $370 $370CCK Mine Bethel Utilities Plant138 kV T-Line/Mile $680,900 $680,900 $680,900 $680,900 $680,900 $0 $0 $0 $0 $0 $013/22/2004 Donlin Creek MIne -70 MW Aveage Demand, 20 Year Mine LifeYear 2010 2015 2020 2025 2030 2035 2040 2045 2050 2055 2060Plant Costs $Coal Plant $210,975,000 $210,975,000 $210,975,000 $210,975,000 $210,975,000 $0 $0 $0 $0 $0 $0Combustion Turbine Bethel $17,020,000 $17,020,000 $17,020,000 $17,020,000 $17,020,000 $0 $0 $0 $0 $0 $0CCK Mine $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Bethel Utilities PlantTotal $227,995,000 $227,995,000 $227,995,000 $227,995,000 $227,995,000 $0 $0 $0 $0 $0 $0138 kV T-Line @ 192 miles $130,732,800 $130,732,800 $130,732,800 $130,732,800 $130,732,800 $0 $0 $0 $0 $0 $0Bethel Diesel Plant $500,000 $500,000 $500,000 $500,000 $500,000 $0 $0 $0 $0 $0 $0138 kV Substations $4,100,000 $4,100,000 $4,100,000 $4,100,000 $4,100,000 $0 $0 $0 $0 $0 $0Village Sub.+ Dist. Lines $7,245,000 $7,245,000 $7,245,000 $7,245,000 $7,245,000 $0 $0 $0 $0 $0 $0 +100 kV DC Line @ 385 miles $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Total $142,577,800 $142,577,800 $142,577,800 $142,577,800 $142,577,800 $0 $0 $0 $0 $0 $0Tug + 3 Barges $11,600,000 $11,600,000 $11,600,000 $11,600,000 $11,600,000 $0 $0 $0 $0 $0 $0Enviormental Studies $6,000,000 $6,000,000 $6,000,000 $6,000,000 $6,000,000 $0 $0 $0 $0 $0 $0Fuel Storage Gallons Bethel 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000CCK00000000000 Mine 0 0 0 0 0 000000Fuel Storage Costs $/Gallon Bethel $1.37 $1.37 $1.37 $1.37 $1.37 $1.37 $1.37 $1.37 $1.37 $1.37 $1.37CCK MineFuel Storage Costs Bethel $4,110,000 $4,110,000 $4,110,000 $4,110,000 $4,110,000 $0 $0 $0 $0 $0 $0CCK $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Mine $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Total Fuel Oil Storage $4,110,000 $4,110,000 $4,110,000 $4,110,000 $4,110,000 $0 $0 $0 $0 $0 $0District Heating System $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0SubTotal Capital Costs $392,282,800 $392,282,800 $392,282,800 $392,282,800 $392,282,800 $0 $0 $0 $0 $0 $0Interest During Constuction5% $19,614,140 $19,614,140 $19,614,140 $19,614,140 $19,614,140 $0 $0 $0 $0 $0 $0$100 M Grants, Bal. 5% $14,614,140 $14,614,140 $14,614,140 $14,614,140 $14,614,140 $0 $0 $0 $0 $0 $0$150 M Grants, Bal. 5% $12,114,140 $12,114,140 $12,114,140 $12,114,140 $12,114,140 $0 $0 $0 $0 $0 $0$200 M Grants, Bal. 5% $9,614,140 $9,614,140 $9,614,140 $9,614,140 $9,614,140 $0 $0 $0 $0 $0 $0$250 M Grants, Bal. 5% $7,114,140 $7,114,140 $7,114,140 $7,114,140 $7,114,140 $0 $0 $0 $0 $0 $0Total Capital Cost5% $411,896,940 $411,896,940 $411,896,940 $411,896,940 $411,896,940 $0 $0 $0 $0 $0 $0$100 M Grants, Bal. 5% $306,896,940 $306,896,940 $306,896,940 $306,896,940 $306,896,940 $0 $0 $0 $0 $0 $0$150 M Grants, Bal. 5% $254,396,940 $254,396,940 $254,396,940 $254,396,940 $254,396,940 $0 $0 $0 $0 $0 $0$200 M Grants, Bal. 5% $201,896,940 $201,896,940 $201,896,940 $201,896,940 $201,896,940 $0 $0 $0 $0 $0 $0$250 M Grants, Bal. 5% $149,396,940 $149,396,940 $149,396,940 $149,396,940 $149,396,940 $0 $0 $0 $0 $0 $023/22/2004 Donlin Creek MIne -70 MW Aveage Demand, 20 Year Mine LifeYear 2010 2015 2020 2025 2030 2035 2040 2045 2050 2055 2060 3. ExpensesAnnual Debt Service5% $33,051,676 $33,051,676 $33,051,676 $33,051,676 $33,051,676 $0 $0 $0 $0 $0 $0$100 M Grants, Bal. 5% $24,626,204 $24,626,204 $24,626,204 $24,626,204 $24,626,204 $0 $0 $0 $0 $0 $0$150 M Grants, Bal. 5% $20,413,469 $20,413,469 $20,413,469 $20,413,469 $20,413,469 $0 $0 $0 $0 $0 $0$200 M Grants, Bal. 5% $16,200,733 $16,200,733 $16,200,733 $16,200,733 $16,200,733 $0 $0 $0 $0 $0 $0$250 M Grants, Bal. 5% $11,987,997 $11,987,997 $11,987,997 $11,987,997 $11,987,997 $0 $0 $0 $0 $0 $0O&M CostsAnnual Fuel RequirementsCoal Tons 349,841 354,004 358,166 361,238 364,311 67,253 67,253 67,253 67,253 67,253 67,253 #1 Fuel Oil GallonsBethel 1,503,461 1,521,347 1,539,234 1,552,439 1,565,644 232,911 232,911 232,911 232,911 232,911 232,911CCKMine 0 0 0 0 0 000000Coal $/Ton $55.00 $55.00 $55.00 $55.00 $55.00 $70.00 $70.00 $70.00 $70.00 $70.00 $70.00 #1 Fuel Oil $/GallonsBethel $1.20 $1.20 $1.20 $1.20 $1.20 $1.20 $1.20 $1.20 $1.20 $1.20 $1.20CCKMineAnnual Fuel CostsCoal $19,241,282 $19,470,194 $19,699,105 $19,868,102 $20,037,098 $4,707,679 $4,707,679 $4,707,679 $4,707,679 $4,707,679 $4,707,679 #1 Fuel OilBethel $1,804,153 $1,825,617 $1,847,081 $1,862,927 $1,878,772 $279,493 $279,493 $279,493 $279,493 $279,493 $279,493CCK $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Mine $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Annual Interest Fuel Supply Loan $574,325 $581,158 $587,991 $593,035 $598,079 $136,099 $136,099 $136,099 $136,099 $136,099 $136,099 O&M Tug + Barges $1,567,000 $1,567,000 $1,567,000 $1,567,000 $1,567,000 $375,000 $375,000 $375,000 $375,000 $375,000 $375,000 Purchased PwrDemand Charge $/KWEnergy Charge $/kwhCost of Purchased Pwr $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Total $23,186,760 $23,443,968 $23,701,176 $23,891,063 $24,080,950 $5,498,270 $5,498,270 $5,498,270 $5,498,270 $5,498,270 $5,498,270O&MCoal-PlantPersonnel 2,100,000 2,100,000 2,100,000 2,100,000 2,100,000 1,400,000 1,400,000 1,400,000 1,400,000 1,400,000 1,400,000Equipment/Supplies 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 2,500,000 2,500,000 2,500,000 2,500,000 2,500,000 2,500,000Combustion Turbine $200,608 $202,995 $205,382 $207,144 $208,906 $31,078 $31,078 $31,078 $31,078 $31,078 $31,078PersonnelEquipment/SuppliesNuvista Administration $400,000 $400,000 $400,000 $400,000 $400,000 $200,000 $200,000 $200,000 $200,000 $200,000 $200,000 138 kV T-Line $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 +100KV DC Line $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Waste Heat Sales Offset $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Total O&M $7,892,608 $7,894,995 $7,897,382 $7,899,144 $7,900,906 $4,323,078 $4,323,078 $4,323,078 $4,323,078 $4,323,078 $4,323,078PCE Payments $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $033/22/2004 Donlin Creek MIne -70 MW Aveage Demand, 20 Year Mine LifeYear 2010 2015 2020 2025 2030 2035 2040 2045 2050 2055 2060Power CostsCapital Cost $/kWh5% $0.049 $0.048 $0.047 $0.047 $0.046 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000$100 M Grants, Bal. 5% $0.036 $0.036 $0.035 $0.035 $0.035 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000$150 M Grants, Bal. 5% $0.030 $0.030 $0.029 $0.029 $0.029 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000$200 M Grants, Bal. 5% $0.024 $0.024 $0.023 $0.023 $0.023 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000$250 M Grants, Bal. 5% $0.018 $0.017 $0.017 $0.017 $0.017 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000Fuel $/kWh $0.034 $0.034 $0.034 $0.034 $0.034 $0.056 $0.056 $0.056 $0.056 $0.056 $0.056 O&M $/kWh $0.012 $0.011 $0.011 $0.011 $0.011 $0.044 $0.044 $0.044 $0.044 $0.044 $0.044 Total $0.046 $0.046 $0.045 $0.045 $0.045 $0.100 $0.100 $0.100 $0.100 $0.100 $0.100 BreakEven Cost $/kWh5% $0.095 $0.094 $0.093 $0.092 $0.091 $0.100 $0.100 $0.100 $0.100 $0.100 $0.100 $100 M Grants, Bal. 5% $0.082 $0.081 $0.081 $0.080 $0.080 $0.100 $0.100 $0.100 $0.100 $0.100 $0.100 $150 M Grants, Bal. 5% $0.076 $0.075 $0.075 $0.074 $0.074 $0.100 $0.100 $0.100 $0.100 $0.100 $0.100 $200 M Grants, Bal. 5% $0.070 $0.069 $0.069 $0.068 $0.068 $0.100 $0.100 $0.100 $0.100 $0.100 $0.100 $250 M Grants, Bal. 5% $0.064 $0.063 $0.063 $0.062 $0.062 $0.100 $0.100 $0.100 $0.100 $0.100 $0.100 Wholesale Cost$/kWh5% 0.100 0.099 0.098 0.097 0.096 0.105 0.105 0.105 0.105 0.105 0.105$100 M Grants, Bal. 5% 0.087 0.086 0.086 0.085 0.085 0.105 0.105 0.105 0.105 0.105 0.105$150 M Grants, Bal. 5% 0.081 0.080 0.080 0.079 0.079 0.105 0.105 0.105 0.105 0.105 0.105$200 M Grants, Bal. 5% 0.075 0.074 0.074 0.073 0.073 0.105 0.105 0.105 0.105 0.105 0.105$250 M Grants, Bal. 5% 0.069 0.068 0.068 0.067 0.067 0.105 0.105 0.105 0.105 0.105 0.105Annual WholeSale Cost of Power5% $67,521,253 $67,828,580 $68,135,907 $68,362,795 $68,589,682 $10,311,499 $10,311,499 $10,311,499 $10,311,499 $10,311,499 $10,311,499$100 M Grants, Bal. 5% $59,095,781 $59,403,108 $59,710,435 $59,937,323 $60,164,211 $10,311,499 $10,311,499 $10,311,499 $10,311,499 $10,311,499 $10,311,499$150 M Grants, Bal. 5% $54,883,045 $55,190,373 $55,497,700 $55,724,587 $55,951,475 $10,311,499 $10,311,499 $10,311,499 $10,311,499 $10,311,499 $10,311,499$200 M Grants, Bal. 5% $50,670,310 $50,977,637 $51,284,964 $51,511,851 $51,738,739 $10,311,499 $10,311,499 $10,311,499 $10,311,499 $10,311,499 $10,311,499$250 M Grants, Bal. 5% $46,457,574 $46,764,901 $47,072,228 $47,299,116 $47,526,003 $10,311,499 $10,311,499 $10,311,499 $10,311,499 $10,311,499 $10,311,499Accumulated WholeSale Cost of Power5% 67,521,253 405,434,845 744,885,072 1,085,791,495 1,427,832,356 1,712,502,585 1,764,060,078 1,815,617,571 1,867,175,065 1,918,732,558 1,970,290,051$100 M Grants, Bal. 5% 59,095,781 354,882,015 652,204,884 950,983,948 1,250,897,452 1,501,865,794 1,553,423,287 1,604,980,780 1,656,538,273 1,708,095,767 1,759,653,260$150 M Grants, Bal. 5% 54,883,045 329,605,600 605,864,789 883,580,175 1,162,429,999 1,396,547,398 1,448,104,891 1,499,662,384 1,551,219,878 1,602,777,371 1,654,334,864$200 M Grants, Bal. 5% 50,670,310 304,329,185 559,524,695 816,176,402 1,073,962,547 1,291,229,002 1,342,786,496 1,394,343,989 1,445,901,482 1,497,458,975 1,549,016,468$250 M Grants, Bal. 5% 46,457,574 279,052,770 513,184,601 748,772,629 985,495,095 1,185,910,607 1,237,468,100 1,289,025,593 1,340,583,086 1,392,140,579 1,443,698,073Annual Net Income 3,390,208 3,437,940 3,485,673 3,520,912 3,556,151 490,151 490,151 490,151 490,151 490,151 490,151Accumulated Net Income 3,390,208 20,388,981 41,064,357 62,013,633 83,174,342 101,445,247 104,386,152 107,327,056 110,267,961 113,208,866 116,149,77043/22/2004 Donlin Creek MIne -70 MW Aveage Demand, 20 Year Mine LifeFording Coal97 MW Barge Mounted Coal Plant Bethel +46 MW Combustion Turbine + 138 KV T-Line to mine, No Waste Heat SalesBethel+8 villagesYear 2010 2015 2020 2025 2030 2035 2040 2045 2050 2055 20601. Power RequirementsKWs Peak DemandDonlin Gold Mine 80,000 80,000 80,000 80,000 80,000 000000Villages 2,281 2,630 2,980 3,123 3,266 3,350 3,433 3,433 3,433 3,433 3,433Bethel 9,580 10,995 12,410 13,407 14,403 14,403 14,403 14,403 14,403 14,403 14,403Line Loss 6,700 6,700 6,700 6,700 6,700 500 500 500 500 500 500In Plant Use 7,500 7,500 7,500 7,500 7,500 2,500 2,500 2,500 2,500 2,500 2,500Total KW 106,061 107,825 109,590 110,729 111,869 20,753 20,836 20,836 20,836 20,836 20,836KWHsDonlin Gold Mine 613,200,000 613,200,000 613,200,000 613,200,000 613,200,000 000000Villages 10,295,423 11,782,606 13,269,790 14,645,290 16,020,790 16,020,790 16,020,790 16,020,790 16,020,790 16,020,790 16,020,790Bethel 54,546,206 62,605,493 70,664,781 76,337,072 82,009,364 82,009,364 82,009,364 82,009,364 82,009,364 82,009,364 82,009,364Total KWH Sales 678,041,628 687,588,100 697,134,571 704,182,362 711,230,154 98,030,154 98,030,154 98,030,154 98,030,154 98,030,154 98,030,154T-Line losses 58,692,000 58,692,000 58,692,000 58,692,000 58,692,000 4,380,000 4,380,000 4,380,000 4,380,000 4,380,000 4,380,000In Plant Use 65,700,000 65,700,000 65,700,000 65,700,000 65,700,000 21,900,000 21,900,000 21,900,000 21,900,000 21,900,000 21,900,000Total kWh Generated 802,433,628 811,980,100 821,526,571 828,574,362 835,622,154 124,310,154 124,310,154 124,310,154 124,310,154 124,310,154 124,310,154 Generation Capacity KWs CFB Coal Plant 97,000 97,000 97,000 97,000 97,000 97,000 97,000 97,000 97,000 97,000 97,000Combustion Turbine Bethel 46,000 46,000 46,000 46,000 46,000 46,000 46,000 46,000 46,000 46,000 46,000CCK00000000000 Mine00000000000Bethel Utilities Plant00000000000Total Capacity in KWs 143,000 143,000 143,000 143,000 143,000 143,000 143,000 143,000 143,000 143,000 143,000Generation KWHsCoal Plant 782,372,788 791,680,597 800,988,407 807,860,003 814,731,600 121,202,400 121,202,400 121,202,400 121,202,400 121,202,400 121,202,400Combustion Turbine Bethel 20,060,841 20,299,502 20,538,164 20,714,359 20,890,554 3,107,754 3,107,754 3,107,754 3,107,754 3,107,754 3,107,754CCK00000000000 Mine 00000000000Purchased Power000000000002. Capital Cost(1)Plant CostsCoal Plant $/kW $1,940 $1,940 $1,940 $1,940 $1,940 $1,940 $1,940 $1,940 $1,940 $1,940 $1,940Combustion Turbine $/kW Bethel $370 $370 $370 $370 $370 $370 $370 $370 $370 $370 $370CCK Mine Bethel Utilities Plant138 kV T-Line/Mile $680,900 $680,900 $680,900 $680,900 $680,900 $0 $0 $0 $0 $0 $013/22/2004 Donlin Creek MIne -70 MW Aveage Demand, 20 Year Mine LifeYear 2010 2015 2020 2025 2030 2035 2040 2045 2050 2055 2060Plant Costs $Coal Plant $188,180,000 $188,180,000 $188,180,000 $188,180,000 $188,180,000 $0 $0 $0 $0 $0 $0Combustion Turbine Bethel $17,020,000 $17,020,000 $17,020,000 $17,020,000 $17,020,000 $0 $0 $0 $0 $0 $0CCK Mine $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Bethel Utilities PlantTotal $205,200,000 $205,200,000 $205,200,000 $205,200,000 $205,200,000 $0 $0 $0 $0 $0 $0138 kV T-Line @ 192 miles $130,732,800 $130,732,800 $130,732,800 $130,732,800 $130,732,800 $0 $0 $0 $0 $0 $0Bethel Diesel Plant $500,000 $500,000 $500,000 $500,000 $500,000 $0 $0 $0 $0 $0 $0138 kV Substations $4,100,000 $4,100,000 $4,100,000 $4,100,000 $4,100,000 $0 $0 $0 $0 $0 $0Village Sub.+ Dist. Lines $7,245,000 $7,245,000 $7,245,000 $7,245,000 $7,245,000 $0 $0 $0 $0 $0 $0 +100 kV DC Line @ 385 miles $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Total $142,577,800 $142,577,800 $142,577,800 $142,577,800 $142,577,800 $0 $0 $0 $0 $0 $0Tug + 3 Barges $11,600,000 $11,600,000 $11,600,000 $11,600,000 $11,600,000 $0 $0 $0 $0 $0 $0Enviormental Studies $6,000,000 $6,000,000 $6,000,000 $6,000,000 $6,000,000 $0 $0 $0 $0 $0 $0Fuel Storage Gallons Bethel 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000CCK00000000000 Mine00000000000Fuel Storage Costs $/Gallon Bethel $1.37 $1.37 $1.37 $1.37 $1.37 $1.37 $1.37 $1.37 $1.37 $1.37 $1.37CCK MineFuel Storage Costs Bethel $4,110,000 $4,110,000 $4,110,000 $4,110,000 $4,110,000 $0 $0 $0 $0 $0 $0CCK $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Mine $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Total Fuel Oil Storage $4,110,000 $4,110,000 $4,110,000 $4,110,000 $4,110,000 $0 $0 $0 $0 $0 $0District Heating System $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0SubTotal Capital Costs $369,487,800 $369,487,800 $369,487,800 $369,487,800 $369,487,800 $0 $0 $0 $0 $0 $0Interest During Constuction5% $18,474,390 $18,474,390 $18,474,390 $18,474,390 $18,474,390 $0 $0 $0 $0 $0 $0$100 M Grants, Bal. 5% $13,474,390 $13,474,390 $13,474,390 $13,474,390 $13,474,390 $0 $0 $0 $0 $0 $0$150 M Grants, Bal. 5% $10,974,390 $10,974,390 $10,974,390 $10,974,390 $10,974,390 $0 $0 $0 $0 $0 $0$200 M Grants, Bal. 5% $8,474,390 $8,474,390 $8,474,390 $8,474,390 $8,474,390 $0 $0 $0 $0 $0 $0$250 M Grants, Bal. 5% $5,974,390 $5,974,390 $5,974,390 $5,974,390 $5,974,390 $0 $0 $0 $0 $0 $0Total Capital Cost5% $387,962,190 $387,962,190 $387,962,190 $387,962,190 $387,962,190 $0 $0 $0 $0 $0 $0$100 M Grants, Bal. 5% $282,962,190 $282,962,190 $282,962,190 $282,962,190 $282,962,190 $0 $0 $0 $0 $0 $0$150 M Grants, Bal. 5% $230,462,190 $230,462,190 $230,462,190 $230,462,190 $230,462,190 $0 $0 $0 $0 $0 $0$200 M Grants, Bal. 5% $177,962,190 $177,962,190 $177,962,190 $177,962,190 $177,962,190 $0 $0 $0 $0 $0 $0$250 M Grants, Bal. 5% $125,462,190 $125,462,190 $125,462,190 $125,462,190 $125,462,190 $0 $0 $0 $0 $0 $023/22/2004 Donlin Creek MIne -70 MW Aveage Demand, 20 Year Mine LifeYear 2010 2015 2020 2025 2030 2035 2040 2045 2050 2055 2060 3. ExpensesAnnual Debt Service5% $31,131,090 $31,131,090 $31,131,090 $31,131,090 $31,131,090 $0 $0 $0 $0 $0 $0$100 M Grants, Bal. 5% $22,705,618 $22,705,618 $22,705,618 $22,705,618 $22,705,618 $0 $0 $0 $0 $0 $0$150 M Grants, Bal. 5% $18,492,882 $18,492,882 $18,492,882 $18,492,882 $18,492,882 $0 $0 $0 $0 $0 $0$200 M Grants, Bal. 5% $14,280,147 $14,280,147 $14,280,147 $14,280,147 $14,280,147 $0 $0 $0 $0 $0 $0$250 M Grants, Bal. 5% $10,067,411 $10,067,411 $10,067,411 $10,067,411 $10,067,411 $0 $0 $0 $0 $0 $0O&M CostsAnnual Fuel RequirementsCoal Tons 349,841 354,004 358,166 361,238 364,311 67,253 67,253 67,253 67,253 67,253 67,253 #1 Fuel Oil GallonsBethel 1,503,461 1,521,347 1,539,234 1,552,439 1,565,644 232,911 232,911 232,911 232,911 232,911 232,911CCKMine00000000000Coal $/Ton $55.00 $55.00 $55.00 $55.00 $55.00 $70.00 $70.00 $70.00 $70.00 $70.00 $70.00 #1 Fuel Oil $/GallonsBethel $1.20 $1.20 $1.20 $1.20 $1.20 $1.20 $1.20 $1.20 $1.20 $1.20 $1.20CCKMineAnnual Fuel CostsCoal $19,241,282 $19,470,194 $19,699,105 $19,868,102 $20,037,098 $4,707,679 $4,707,679 $4,707,679 $4,707,679 $4,707,679 $4,707,679 #1 Fuel OilBethel $1,804,153 $1,825,617 $1,847,081 $1,862,927 $1,878,772 $279,493 $279,493 $279,493 $279,493 $279,493 $279,493CCK $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Mine $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Annual Interest Fuel Supply Loan $574,325 $581,158 $587,991 $593,035 $598,079 $136,099 $136,099 $136,099 $136,099 $136,099 $136,099 O&M Tug + Barges $1,567,000 $1,567,000 $1,567,000 $1,567,000 $1,567,000 $375,000 $375,000 $375,000 $375,000 $375,000 $375,000 Purchased PwrDemand Charge $/KWEnergy Charge $/kwhCost of Purchased Pwr $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Total $23,186,760 $23,443,968 $23,701,176 $23,891,063 $24,080,950 $5,498,270 $5,498,270 $5,498,270 $5,498,270 $5,498,270 $5,498,270O&MCoal-PlantPersonnel 2,100,000 2,100,000 2,100,000 2,100,000 2,100,000 1,400,000 1,400,000 1,400,000 1,400,000 1,400,000 1,400,000Equipment/Supplies 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 2,500,000 2,500,000 2,500,000 2,500,000 2,500,000 2,500,000Combustion Turbine $200,608 $202,995 $205,382 $207,144 $208,906 $31,078 $31,078 $31,078 $31,078 $31,078 $31,078PersonnelEquipment/SuppliesNuvista Administration $400,000 $400,000 $400,000 $400,000 $400,000 $200,000 $200,000 $200,000 $200,000 $200,000 $200,000 138 kV T-Line $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 +100KV DC Line $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Waste Heat Sales Offset $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Total O&M $7,892,608 $7,894,995 $7,897,382 $7,899,144 $7,900,906 $4,323,078 $4,323,078 $4,323,078 $4,323,078 $4,323,078 $4,323,078PCE Payments $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $033/22/2004 Donlin Creek MIne -70 MW Aveage Demand, 20 Year Mine LifeYear 2010 2015 2020 2025 2030 2035 2040 2045 2050 2055 2060Power CostsCapital Cost $/kWh5% $0.046 $0.045 $0.045 $0.044 $0.044 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000$100 M Grants, Bal. 5% $0.033 $0.033 $0.033 $0.032 $0.032 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000$150 M Grants, Bal. 5% $0.027 $0.027 $0.027 $0.026 $0.026 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000$200 M Grants, Bal. 5% $0.021 $0.021 $0.020 $0.020 $0.020 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000$250 M Grants, Bal. 5% $0.015 $0.015 $0.014 $0.014 $0.014 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000Fuel $/kWh $0.034 $0.034 $0.034 $0.034 $0.034 $0.056 $0.056 $0.056 $0.056 $0.056 $0.056 O&M $/kWh $0.012 $0.011 $0.011 $0.011 $0.011 $0.044 $0.044 $0.044 $0.044 $0.044 $0.044 Total $0.046 $0.046 $0.045 $0.045 $0.045 $0.100 $0.100 $0.100 $0.100 $0.100 $0.100 BreakEven Cost $/kWh5% $0.092 $0.091 $0.090 $0.089 $0.089 $0.100 $0.100 $0.100 $0.100 $0.100 $0.100 $100 M Grants, Bal. 5% $0.079 $0.079 $0.078 $0.077 $0.077 $0.100 $0.100 $0.100 $0.100 $0.100 $0.100 $150 M Grants, Bal. 5% $0.073 $0.072 $0.072 $0.071 $0.071 $0.100 $0.100 $0.100 $0.100 $0.100 $0.100 $200 M Grants, Bal. 5% $0.067 $0.066 $0.066 $0.065 $0.065 $0.100 $0.100 $0.100 $0.100 $0.100 $0.100 $250 M Grants, Bal. 5% $0.061 $0.060 $0.060 $0.059 $0.059 $0.100 $0.100 $0.100 $0.100 $0.100 $0.100 Wholesale Cost$/kWh5% 0.097 0.096 0.095 0.094 0.094 0.105 0.105 0.105 0.105 0.105 0.105$100 M Grants, Bal. 5% 0.084 0.084 0.083 0.082 0.082 0.105 0.105 0.105 0.105 0.105 0.105$150 M Grants, Bal. 5% 0.078 0.077 0.077 0.076 0.076 0.105 0.105 0.105 0.105 0.105 0.105$200 M Grants, Bal. 5% 0.072 0.071 0.071 0.070 0.070 0.105 0.105 0.105 0.105 0.105 0.105$250 M Grants, Bal. 5% 0.066 0.065 0.065 0.064 0.064 0.105 0.105 0.105 0.105 0.105 0.105Annual WholeSale Cost of Power5% $65,600,667 $65,907,994 $66,215,321 $66,442,209 $66,669,096 $10,311,499 $10,311,499 $10,311,499 $10,311,499 $10,311,499 $10,311,499$100 M Grants, Bal. 5% $57,175,195 $57,482,522 $57,789,849 $58,016,737 $58,243,625 $10,311,499 $10,311,499 $10,311,499 $10,311,499 $10,311,499 $10,311,499$150 M Grants, Bal. 5% $52,962,459 $53,269,786 $53,577,113 $53,804,001 $54,030,889 $10,311,499 $10,311,499 $10,311,499 $10,311,499 $10,311,499 $10,311,499$200 M Grants, Bal. 5% $48,749,723 $49,057,050 $49,364,377 $49,591,265 $49,818,153 $10,311,499 $10,311,499 $10,311,499 $10,311,499 $10,311,499 $10,311,499$250 M Grants, Bal. 5% $44,536,988 $44,844,315 $45,151,642 $45,378,529 $45,605,417 $10,311,499 $10,311,499 $10,311,499 $10,311,499 $10,311,499 $10,311,499Accumulated WholeSale Cost of Power5% 65,600,667 393,911,327 723,758,623 1,055,062,115 1,387,500,045 1,664,487,928 1,716,045,422 1,767,602,915 1,819,160,408 1,870,717,901 1,922,275,395$100 M Grants, Bal. 5% 57,175,195 343,358,497 631,078,435 920,254,568 1,210,565,140 1,453,851,137 1,505,408,630 1,556,966,124 1,608,523,617 1,660,081,110 1,711,638,603$150 M Grants, Bal. 5% 52,962,459 318,082,082 584,738,341 852,850,795 1,122,097,688 1,348,532,741 1,400,090,235 1,451,647,728 1,503,205,221 1,554,762,714 1,606,320,208$200 M Grants, Bal. 5% 48,749,723 292,805,667 538,398,246 785,447,022 1,033,630,235 1,243,214,346 1,294,771,839 1,346,329,332 1,397,886,825 1,449,444,319 1,501,001,812$250 M Grants, Bal. 5% 44,536,988 267,529,252 492,058,152 718,043,248 945,162,783 1,137,895,950 1,189,453,443 1,241,010,936 1,292,568,430 1,344,125,923 1,395,683,416Annual Net Income 3,390,208 3,437,940 3,485,673 3,520,912 3,556,151 490,151 490,151 490,151 490,151 490,151 490,151Accumulated Net Income 3,390,208 20,388,981 41,064,357 62,013,633 83,174,342 101,445,247 104,386,152 107,327,056 110,267,961 113,208,866 116,149,77043/22/2004 Donlin Creek MIne -70 MW Aveage Demand, 20 Year Mine LifeFording Coal80 MW Barge Mounted Coal Plant Bethel +46 MW Combustion Turbine + 138 KV T-Line to mine, No Waste Heat SalesBethel+8 villagesYear 2010 2015 2020 2025 2030 2035 2040 2045 2050 2055 20601. Power RequirementsKWs Peak DemandDonlin Gold Mine 80,000 80,000 80,000 80,000 80,000 0 0 0 0 0 0Villages 2,281 2,630 2,980 3,123 3,266 3,350 3,433 3,433 3,433 3,433 3,433Bethel 9,580 10,995 12,410 13,407 14,403 14,403 14,403 14,403 14,403 14,403 14,403Line Loss 6,700 6,700 6,700 6,700 6,700 500 500 500 500 500 500In Plant Use 7,500 7,500 7,500 7,500 7,500 2,500 2,500 2,500 2,500 2,500 2,500Total KW 106,061 107,825 109,590 110,729 111,869 20,753 20,836 20,836 20,836 20,836 20,836KWHsDonlin Gold Mine 613,200,000 613,200,000 613,200,000 613,200,000 613,200,000 0 0 0 0 0 0Villages 10,295,423 11,782,606 13,269,790 14,645,290 16,020,790 16,020,790 16,020,790 16,020,790 16,020,790 16,020,790 16,020,790Bethel 54,546,206 62,605,493 70,664,781 76,337,072 82,009,364 82,009,364 82,009,364 82,009,364 82,009,364 82,009,364 82,009,364Total KWH Sales 678,041,628 687,588,100 697,134,571 704,182,362 711,230,154 98,030,154 98,030,154 98,030,154 98,030,154 98,030,154 98,030,154T-Line losses 58,692,000 58,692,000 58,692,000 58,692,000 58,692,000 4,380,000 4,380,000 4,380,000 4,380,000 4,380,000 4,380,000In Plant Use 65,700,000 65,700,000 65,700,000 65,700,000 65,700,000 21,900,000 21,900,000 21,900,000 21,900,000 21,900,000 21,900,000Total kWh Generated 802,433,628 811,980,100 821,526,571 828,574,362 835,622,154 124,310,154 124,310,154 124,310,154 124,310,154 124,310,154 124,310,154 Generation Capacity KWs CFB Coal Plant 80,000 80,000 80,000 80,000 80,000 80,000 80,000 80,000 80,000 80,000 80,000Combustion Turbine Bethel 25,000 25,000 25,000 25,000 25,000 25,000 25,000 25,000 25,000 25,000 25,000CCK00000000000 Mine00000000000Bethel Utilities Plant 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000Total Capacity in KWs 115,000 115,000 115,000 115,000 115,000 115,000 115,000 115,000 115,000 115,000 115,000Generation KWHsCoal Plant 782,372,788 791,680,597 800,988,407 807,860,003 814,731,600 121,202,400 121,202,400 121,202,400 121,202,400 121,202,400 121,202,400Combustion Turbine Bethel 20,060,841 20,299,502 20,538,164 20,714,359 20,890,554 3,107,754 3,107,754 3,107,754 3,107,754 3,107,754 3,107,754CCK00000000000 Mine 00000000000Purchased Power000000000002. Capital Cost(1)Plant CostsCoal Plant $/kW $2,190 $2,190 $2,190 $2,190 $2,190 $2,190 $2,190 $2,190 $2,190 $2,190 $2,190Combustion Turbine $/kW Bethel $370 $370 $370 $370 $370 $370 $370 $370 $370 $370 $370CCK Mine Bethel Utilities Plant $250 $250 $250 $250 $250 $250 $250 $250 $250 $250 $250138 kV T-Line/Mile $680,900 $680,900 $680,900 $680,900 $680,900 $0 $0 $0 $0 $0 $013/22/2004 Donlin Creek MIne -70 MW Aveage Demand, 20 Year Mine LifeYear 2010 2015 2020 2025 2030 2035 2040 2045 2050 2055 2060Plant Costs $Coal Plant $175,200,000 $175,200,000 $175,200,000 $175,200,000 $175,200,000 $0 $0 $0 $0 $0 $0Combustion Turbine Bethel $9,250,000 $9,250,000 $9,250,000 $9,250,000 $9,250,000 $0 $0 $0 $0 $0 $0CCK Mine $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Bethel Utilities Plant $2,500,000 $2,500,000 $2,500,000 $2,500,000 $2,500,000Total $186,950,000 $186,950,000 $186,950,000 $186,950,000 $186,950,000 $0 $0 $0 $0 $0 $0138 kV T-Line @ 192 miles $130,732,800 $130,732,800 $130,732,800 $130,732,800 $130,732,800 $0 $0 $0 $0 $0 $0Bethel Diesel Plant $500,000 $500,000 $500,000 $500,000 $500,000 $0 $0 $0 $0 $0 $0138 kV Substations $4,100,000 $4,100,000 $4,100,000 $4,100,000 $4,100,000 $0 $0 $0 $0 $0 $0Village Sub.+ Dist. Lines $7,245,000 $7,245,000 $7,245,000 $7,245,000 $7,245,000 $0 $0 $0 $0 $0 $0 +100 kV DC Line @ 385 miles $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Total $142,577,800 $142,577,800 $142,577,800 $142,577,800 $142,577,800 $0 $0 $0 $0 $0 $0Tug + 3 Barges $11,600,000 $11,600,000 $11,600,000 $11,600,000 $11,600,000 $0 $0 $0 $0 $0 $0Enviormental Studies $6,000,000 $6,000,000 $6,000,000 $6,000,000 $6,000,000 $0 $0 $0 $0 $0 $0Fuel Storage Gallons Bethel 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000CCK00000000000 Mine00000000000Fuel Storage Costs $/Gallon Bethel $1.37 $1.37 $1.37 $1.37 $1.37 $1.37 $1.37 $1.37 $1.37 $1.37 $1.37CCK MineFuel Storage Costs Bethel $4,110,000 $4,110,000 $4,110,000 $4,110,000 $4,110,000 $0 $0 $0 $0 $0 $0CCK $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Mine $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Total Fuel Oil Storage $4,110,000 $4,110,000 $4,110,000 $4,110,000 $4,110,000 $0 $0 $0 $0 $0 $0District Heating System $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0SubTotal Capital Costs $351,237,800 $351,237,800 $351,237,800 $351,237,800 $351,237,800 $0 $0 $0 $0 $0 $0Interest During Constuction5% $17,561,890 $17,561,890 $17,561,890 $17,561,890 $17,561,890 $0 $0 $0 $0 $0 $0$100 M Grants, Bal. 5% $12,561,890 $12,561,890 $12,561,890 $12,561,890 $12,561,890 $0 $0 $0 $0 $0 $0$150 M Grants, Bal. 5% $10,061,890 $10,061,890 $10,061,890 $10,061,890 $10,061,890 $0 $0 $0 $0 $0 $0$200 M Grants, Bal. 5% $7,561,890 $7,561,890 $7,561,890 $7,561,890 $7,561,890 $0 $0 $0 $0 $0 $0$250 M Grants, Bal. 5% $5,061,890 $5,061,890 $5,061,890 $5,061,890 $5,061,890 $0 $0 $0 $0 $0 $0Total Capital Cost5% $368,799,690 $368,799,690 $368,799,690 $368,799,690 $368,799,690 $0 $0 $0 $0 $0 $0$100 M Grants, Bal. 5% $263,799,690 $263,799,690 $263,799,690 $263,799,690 $263,799,690 $0 $0 $0 $0 $0 $0$150 M Grants, Bal. 5% $211,299,690 $211,299,690 $211,299,690 $211,299,690 $211,299,690 $0 $0 $0 $0 $0 $0$200 M Grants, Bal. 5% $158,799,690 $158,799,690 $158,799,690 $158,799,690 $158,799,690 $0 $0 $0 $0 $0 $0$250 M Grants, Bal. 5% $106,299,690 $106,299,690 $106,299,690 $106,299,690 $106,299,690 $0 $0 $0 $0 $0 $023/22/2004 Donlin Creek MIne -70 MW Aveage Demand, 20 Year Mine LifeYear 2010 2015 2020 2025 2030 2035 2040 2045 2050 2055 2060 3. ExpensesAnnual Debt Service5% $29,593,441 $29,593,441 $29,593,441 $29,593,441 $29,593,441 $0 $0 $0 $0 $0 $0$100 M Grants, Bal. 5% $21,167,970 $21,167,970 $21,167,970 $21,167,970 $21,167,970 $0 $0 $0 $0 $0 $0$150 M Grants, Bal. 5% $16,955,234 $16,955,234 $16,955,234 $16,955,234 $16,955,234 $0 $0 $0 $0 $0 $0$200 M Grants, Bal. 5% $12,742,498 $12,742,498 $12,742,498 $12,742,498 $12,742,498 $0 $0 $0 $0 $0 $0$250 M Grants, Bal. 5% $8,529,762 $8,529,762 $8,529,762 $8,529,762 $8,529,762 $0 $0 $0 $0 $0 $0O&M CostsAnnual Fuel RequirementsCoal Tons 349,841 354,004 358,166 361,238 364,311 67,253 67,253 67,253 67,253 67,253 67,253 #1 Fuel Oil GallonsBethel 1,503,461 1,521,347 1,539,234 1,552,439 1,565,644 232,911 232,911 232,911 232,911 232,911 232,911CCKMine00000000000Coal $/Ton $55.00 $55.00 $55.00 $55.00 $55.00 $70.00 $70.00 $70.00 $70.00 $70.00 $70.00 #1 Fuel Oil $/GallonsBethel $1.20 $1.20 $1.20 $1.20 $1.20 $1.20 $1.20 $1.20 $1.20 $1.20 $1.20CCKMineAnnual Fuel CostsCoal $19,241,282 $19,470,194 $19,699,105 $19,868,102 $20,037,098 $4,707,679 $4,707,679 $4,707,679 $4,707,679 $4,707,679 $4,707,679 #1 Fuel OilBethel $1,804,153 $1,825,617 $1,847,081 $1,862,927 $1,878,772 $279,493 $279,493 $279,493 $279,493 $279,493 $279,493CCK $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Mine $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Annual Interest Fuel Supply Loan $574,325 $581,158 $587,991 $593,035 $598,079 $136,099 $136,099 $136,099 $136,099 $136,099 $136,099 O&M Tug + Barges $1,567,000 $1,567,000 $1,567,000 $1,567,000 $1,567,000 $375,000 $375,000 $375,000 $375,000 $375,000 $375,000 Purchased PwrDemand Charge $/KWEnergy Charge $/kwhCost of Purchased Pwr $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Total $23,186,760 $23,443,968 $23,701,176 $23,891,063 $24,080,950 $5,498,270 $5,498,270 $5,498,270 $5,498,270 $5,498,270 $5,498,270O&MCoal-PlantPersonnel 2,100,000 2,100,000 2,100,000 2,100,000 2,100,000 1,400,000 1,400,000 1,400,000 1,400,000 1,400,000 1,400,000Equipment/Supplies 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 2,500,000 2,500,000 2,500,000 2,500,000 2,500,000 2,500,000Combustion Turbine $200,608 $202,995 $205,382 $207,144 $208,906 $31,078 $31,078 $31,078 $31,078 $31,078 $31,078PersonnelEquipment/SuppliesNuvista Administration $400,000 $400,000 $400,000 $400,000 $400,000 $200,000 $200,000 $200,000 $200,000 $200,000 $200,000 138 kV T-Line $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 +100KV DC Line $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Waste Heat Sales Offset $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Total O&M $7,892,608 $7,894,995 $7,897,382 $7,899,144 $7,900,906 $4,323,078 $4,323,078 $4,323,078 $4,323,078 $4,323,078 $4,323,078PCE Payments $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $033/22/2004 Donlin Creek MIne -70 MW Aveage Demand, 20 Year Mine LifeYear 2010 2015 2020 2025 2030 2035 2040 2045 2050 2055 2060Power CostsCapital Cost $/kWh5% $0.044 $0.043 $0.042 $0.042 $0.042 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000$100 M Grants, Bal. 5% $0.031 $0.031 $0.030 $0.030 $0.030 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000$150 M Grants, Bal. 5% $0.025 $0.025 $0.024 $0.024 $0.024 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000$200 M Grants, Bal. 5% $0.019 $0.019 $0.018 $0.018 $0.018 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000$250 M Grants, Bal. 5% $0.013 $0.012 $0.012 $0.012 $0.012 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000Fuel $/kWh $0.034 $0.034 $0.034 $0.034 $0.034 $0.056 $0.056 $0.056 $0.056 $0.056 $0.056 O&M $/kWh $0.012 $0.011 $0.011 $0.011 $0.011 $0.044 $0.044 $0.044 $0.044 $0.044 $0.044 Total $0.046 $0.046 $0.045 $0.045 $0.045 $0.100 $0.100 $0.100 $0.100 $0.100 $0.100 BreakEven Cost $/kWh5% $0.089 $0.089 $0.088 $0.087 $0.087 $0.100 $0.100 $0.100 $0.100 $0.100 $0.100 $100 M Grants, Bal. 5% $0.077 $0.076 $0.076 $0.075 $0.075 $0.100 $0.100 $0.100 $0.100 $0.100 $0.100 $150 M Grants, Bal. 5% $0.071 $0.070 $0.070 $0.069 $0.069 $0.100 $0.100 $0.100 $0.100 $0.100 $0.100 $200 M Grants, Bal. 5% $0.065 $0.064 $0.064 $0.063 $0.063 $0.100 $0.100 $0.100 $0.100 $0.100 $0.100 $250 M Grants, Bal. 5% $0.058 $0.058 $0.058 $0.057 $0.057 $0.100 $0.100 $0.100 $0.100 $0.100 $0.100 Wholesale Cost$/kWh5% 0.094 0.094 0.093 0.092 0.092 0.105 0.105 0.105 0.105 0.105 0.105$100 M Grants, Bal. 5% 0.082 0.081 0.081 0.080 0.080 0.105 0.105 0.105 0.105 0.105 0.105$150 M Grants, Bal. 5% 0.076 0.075 0.075 0.074 0.074 0.105 0.105 0.105 0.105 0.105 0.105$200 M Grants, Bal. 5% 0.070 0.069 0.069 0.068 0.068 0.105 0.105 0.105 0.105 0.105 0.105$250 M Grants, Bal. 5% 0.063 0.063 0.063 0.062 0.062 0.105 0.105 0.105 0.105 0.105 0.105Annual WholeSale Cost of Power5% $64,063,018 $64,370,345 $64,677,672 $64,904,560 $65,131,448 $10,311,499 $10,311,499 $10,311,499 $10,311,499 $10,311,499 $10,311,499$100 M Grants, Bal. 5% $55,637,546 $55,944,874 $56,252,201 $56,479,088 $56,705,976 $10,311,499 $10,311,499 $10,311,499 $10,311,499 $10,311,499 $10,311,499$150 M Grants, Bal. 5% $51,424,811 $51,732,138 $52,039,465 $52,266,352 $52,493,240 $10,311,499 $10,311,499 $10,311,499 $10,311,499 $10,311,499 $10,311,499$200 M Grants, Bal. 5% $47,212,075 $47,519,402 $47,826,729 $48,053,617 $48,280,504 $10,311,499 $10,311,499 $10,311,499 $10,311,499 $10,311,499 $10,311,499$250 M Grants, Bal. 5% $42,999,339 $43,306,666 $43,613,993 $43,840,881 $44,067,769 $10,311,499 $10,311,499 $10,311,499 $10,311,499 $10,311,499 $10,311,499Accumulated WholeSale Cost of Power5% 64,063,018 384,685,436 706,844,489 1,030,459,737 1,355,209,425 1,626,046,714 1,677,604,207 1,729,161,700 1,780,719,194 1,832,276,687 1,883,834,180$100 M Grants, Bal. 5% 55,637,546 334,132,606 614,164,300 895,652,191 1,178,274,520 1,415,409,923 1,466,967,416 1,518,524,909 1,570,082,402 1,621,639,896 1,673,197,389$150 M Grants, Bal. 5% 51,424,811 308,856,191 567,824,206 828,248,418 1,089,807,068 1,310,091,527 1,361,649,020 1,413,206,513 1,464,764,007 1,516,321,500 1,567,878,993$200 M Grants, Bal. 5% 47,212,075 283,579,776 521,484,112 760,844,644 1,001,339,615 1,204,773,131 1,256,330,624 1,307,888,118 1,359,445,611 1,411,003,104 1,462,560,597$250 M Grants, Bal. 5% 42,999,339 258,303,361 475,144,018 693,440,871 912,872,163 1,099,454,736 1,151,012,229 1,202,569,722 1,254,127,215 1,305,684,708 1,357,242,202Annual Net Income 3,390,208 3,437,940 3,485,673 3,520,912 3,556,151 490,151 490,151 490,151 490,151 490,151 490,151Accumulated Net Income 3,390,208 20,388,981 41,064,357 62,013,633 83,174,342 101,445,247 104,386,152 107,327,056 110,267,961 113,208,866 116,149,77043/22/2004 Donlin Creek Mine - 50 MW Average Demand, 20 Year Mine LifeFording Coal97 MW Land-Based Coal Plant Bethel +46 MW Combustion Turbine + 138 KV T-Line to mine, No Waste Heat SalesBethel+8 villagesYear 2010 2015 2020 2025 2030 2035 2040 2045 2050 2055 20601. Power RequirementsKWs Peak DemandDonlin Gold Mine 60,000 60,000 60,000 60,000 60,000 0 0 0 0 0 0Villages 2,281 2,630 2,980 3,123 3,266 3,350 3,433 3,433 3,433 3,433 3,433Bethel 9,580 10,995 12,410 13,407 14,403 14,403 14,403 14,403 14,403 14,403 14,403Line Loss 3,500 3,500 3,500 3,500 3,500 500 500 500 500 500 500In Plant Use 7,500 7,500 7,500 7,500 7,500 2,500 2,500 2,500 2,500 2,500 2,500Total KW 82,861 84,625 86,390 87,529 88,669 20,753 20,836 20,836 20,836 20,836 20,836KWHsDonlin Gold Mine 438,000,000 438,000,000 438,000,000 438,000,000 438,000,000 0 0 0 0 0 0Villages 10,295,423 11,782,606 13,269,790 14,645,290 16,020,790 16,020,790 16,020,790 16,020,790 16,020,790 16,020,790 16,020,790Bethel 54,546,206 62,605,493 70,664,781 76,337,072 82,009,364 82,009,364 82,009,364 82,009,364 82,009,364 82,009,364 82,009,364Total KWH Sales 502,841,628 512,388,100 521,934,571 528,982,362 536,030,154 98,030,154 98,030,154 98,030,154 98,030,154 98,030,154 98,030,154T-Line losses 30,660,000 30,660,000 30,660,000 30,660,000 30,660,000 4,380,000 4,380,000 4,380,000 4,380,000 4,380,000 4,380,000In Plant Use 65,700,000 65,700,000 65,700,000 65,700,000 65,700,000 21,900,000 21,900,000 21,900,000 21,900,000 21,900,000 21,900,000Total kWh Generated 599,201,628 608,748,100 618,294,571 625,342,362 632,390,154 124,310,154 124,310,154 124,310,154 124,310,154 124,310,154 124,310,154 Generation Capacity KWs CFB Coal Plant 97,000 97,000 97,000 97,000 97,000 97,000 97,000 97,000 97,000 97,000 97,000Combustion Turbine Bethel 46,000 46,000 46,000 46,000 46,000 46,000 46,000 46,000 46,000 46,000 46,000CCK00000000000 Mine 0 0 0 0 0 0 0 0 0 0 0Bethel Utilities Plant 0 0 0 0 0 0 0 0 0 0 0Total Capacity in KWs 143,000 143,000 143,000 143,000 143,000 143,000 143,000 143,000 143,000 143,000 143,000Generation KWHsCoal Plant 584,221,588 593,529,397 602,837,207 609,708,803 616,580,400 121,202,400 121,202,400 121,202,400 121,202,400 121,202,400 121,202,400Combustion Turbine Bethel 14,980,041 15,218,702 15,457,364 15,633,559 15,809,754 3,107,754 3,107,754 3,107,754 3,107,754 3,107,754 3,107,754CCK00000000000 Mine 0 0 0 0 0 0 0 0 0 0 0Purchased Power 0 0 0 0 0 0 0 0 0 0 02. Capital Cost(1)Plant CostsCoal Plant $/kW $2,175 $2,175 $2,175 $2,175 $2,175 $2,175 $2,175 $2,175 $2,175 $2,175 $2,175Combustion Turbine $/kW Bethel $370 $370 $370 $370 $370 $370 $370 $370 $370 $370 $370CCK Mine Bethel Utilities Plant138 kV T-Line/Mile $680,900 $680,900 $680,900 $680,900 $680,900 $0 $0 $0 $0 $0 $013/22/2004 Donlin Creek Mine - 50 MW Average Demand, 20 Year Mine LifeYear 2010 2015 2020 2025 2030 2035 2040 2045 2050 2055 2060Plant Costs $Coal Plant $210,975,000 $210,975,000 $210,975,000 $210,975,000 $210,975,000 $0 $0 $0 $0 $0 $0Combustion Turbine Bethel $17,020,000 $17,020,000 $17,020,000 $17,020,000 $17,020,000 $0 $0 $0 $0 $0 $0CCK Mine $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Bethel Utilities PlantTotal $227,995,000 $227,995,000 $227,995,000 $227,995,000 $227,995,000 $0 $0 $0 $0 $0 $0138 kV T-Line @ 192 miles $130,732,800 $130,732,800 $130,732,800 $130,732,800 $130,732,800 $0 $0 $0 $0 $0 $0Bethel Diesel Plant $500,000 $500,000 $500,000 $500,000 $500,000 $0 $0 $0 $0 $0 $0138 kV Substations $4,100,000 $4,100,000 $4,100,000 $4,100,000 $4,100,000 $0 $0 $0 $0 $0 $0Village Sub.+ Dist. Lines $7,245,000 $7,245,000 $7,245,000 $7,245,000 $7,245,000 $0 $0 $0 $0 $0 $0 +100 kV DC Line @ 385 miles $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Total $142,577,800 $142,577,800 $142,577,800 $142,577,800 $142,577,800 $0 $0 $0 $0 $0 $0Tug + 3 Barges $11,600,000 $11,600,000 $11,600,000 $11,600,000 $11,600,000 $0 $0 $0 $0 $0 $0Enviormental Studies $6,000,000 $6,000,000 $6,000,000 $6,000,000 $6,000,000 $0 $0 $0 $0 $0 $0Fuel Storage Gallons Bethel 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000CCK00000000000 Mine 0 0 0 0 0 0 0 0 0 0 0Fuel Storage Costs $/Gallon Bethel $1.37 $1.37 $1.37 $1.37 $1.37 $1.37 $1.37 $1.37 $1.37 $1.37 $1.37CCK MineFuel Storage Costs Bethel $4,110,000 $4,110,000 $4,110,000 $4,110,000 $4,110,000 $0 $0 $0 $0 $0 $0CCK $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Mine $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Total Fuel Oil Storage $4,110,000 $4,110,000 $4,110,000 $4,110,000 $4,110,000 $0 $0 $0 $0 $0 $0District Heating System $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0SubTotal Capital Costs $392,282,800 $392,282,800 $392,282,800 $392,282,800 $392,282,800 $0 $0 $0 $0 $0 $0Interest During Constuction5% $19,614,140 $19,614,140 $19,614,140 $19,614,140 $19,614,140 $0 $0 $0 $0 $0 $0$100 M Grants, Bal. 5% $14,614,140 $14,614,140 $14,614,140 $14,614,140 $14,614,140 $0 $0 $0 $0 $0 $0$150 M Grants, Bal. 5% $12,114,140 $12,114,140 $12,114,140 $12,114,140 $12,114,140 $0 $0 $0 $0 $0 $0$200 M Grants, Bal. 5% $9,614,140 $9,614,140 $9,614,140 $9,614,140 $9,614,140 $0 $0 $0 $0 $0 $0$250 M Grants, Bal. 5% $7,114,140 $7,114,140 $7,114,140 $7,114,140 $7,114,140 $0 $0 $0 $0 $0 $0Total Capital Cost5% $411,896,940 $411,896,940 $411,896,940 $411,896,940 $411,896,940 $0 $0 $0 $0 $0 $0$100 M Grants, Bal. 5% $306,896,940 $306,896,940 $306,896,940 $306,896,940 $306,896,940 $0 $0 $0 $0 $0 $0$150 M Grants, Bal. 5% $254,396,940 $254,396,940 $254,396,940 $254,396,940 $254,396,940 $0 $0 $0 $0 $0 $0$200 M Grants, Bal. 5% $201,896,940 $201,896,940 $201,896,940 $201,896,940 $201,896,940 $0 $0 $0 $0 $0 $0$250 M Grants, Bal. 5% $149,396,940 $149,396,940 $149,396,940 $149,396,940 $149,396,940 $0 $0 $0 $0 $0 $023/22/2004 Donlin Creek Mine - 50 MW Average Demand, 20 Year Mine LifeYear 2010 2015 2020 2025 2030 2035 2040 2045 2050 2055 2060 3. ExpensesAnnual Debt Service5% $33,051,676 $33,051,676 $33,051,676 $33,051,676 $33,051,676 $0 $0 $0 $0 $0 $0$100 M Grants, Bal. 5% $24,626,204 $24,626,204 $24,626,204 $24,626,204 $24,626,204 $0 $0 $0 $0 $0 $0$150 M Grants, Bal. 5% $20,413,469 $20,413,469 $20,413,469 $20,413,469 $20,413,469 $0 $0 $0 $0 $0 $0$200 M Grants, Bal. 5% $16,200,733 $16,200,733 $16,200,733 $16,200,733 $16,200,733 $0 $0 $0 $0 $0 $0$250 M Grants, Bal. 5% $11,987,997 $11,987,997 $11,987,997 $11,987,997 $11,987,997 $0 $0 $0 $0 $0 $0O&M CostsAnnual Fuel RequirementsCoal Tons 261,237 265,399 269,561 272,634 275,707 67,253 67,253 67,253 67,253 67,253 67,253 #1 Fuel Oil GallonsBethel 1,122,680 1,140,566 1,158,453 1,171,658 1,184,863 232,911 232,911 232,911 232,911 232,911 232,911CCKMine 0 0 0 0 0 0 0 0 0 0 0Coal $/Ton $55.00 $55.00 $55.00 $55.00 $55.00 $70.00 $70.00 $70.00 $70.00 $70.00 $70.00 #1 Fuel Oil $/GallonsBethel $1.20 $1.20 $1.20 $1.20 $1.20 $1.20 $1.20 $1.20 $1.20 $1.20 $1.20CCKMineAnnual Fuel CostsCoal $14,368,051 $14,596,963 $14,825,874 $14,994,871 $15,163,868 $4,707,679 $4,707,679 $4,707,679 $4,707,679 $4,707,679 $4,707,679 #1 Fuel OilBethel $1,347,216 $1,368,680 $1,390,144 $1,405,990 $1,421,835 $279,493 $279,493 $279,493 $279,493 $279,493 $279,493CCK $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Mine $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Annual Interest Fuel Supply Loan $428,866 $435,699 $442,532 $447,576 $452,620 $136,099 $136,099 $136,099 $136,099 $136,099 $136,099 O&M Tug + Barges $2,100,000 $2,100,000 $2,100,000 $2,100,000 $2,100,000 $375,000 $375,000 $375,000 $375,000 $375,000 $375,000 Purchased PwrDemand Charge $/KWEnergy Charge $/kwhCost of Purchased Pwr $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Total $18,244,133 $18,501,342 $18,758,550 $18,948,436 $19,138,323 $5,498,270 $5,498,270 $5,498,270 $5,498,270 $5,498,270 $5,498,270O&MCoal-PlantPersonnel 2,100,000 2,100,000 2,100,000 2,100,000 2,100,000 1,400,000 1,400,000 1,400,000 1,400,000 1,400,000 1,400,000Equipment/Supplies 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 2,500,000 2,500,000 2,500,000 2,500,000 2,500,000 2,500,000Combustion Turbine $149,800 $152,187 $154,574 $156,336 $158,098 $31,078 $31,078 $31,078 $31,078 $31,078 $31,078PersonnelEquipment/SuppliesNuvista Administration $400,000 $400,000 $400,000 $400,000 $400,000 $200,000 $200,000 $200,000 $200,000 $200,000 $200,000 138 kV T-Line $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 +100KV DC Line $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Waste Heat Sales Offset $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Total O&M $7,841,800 $7,844,187 $7,846,574 $7,848,336 $7,850,098 $4,323,078 $4,323,078 $4,323,078 $4,323,078 $4,323,078 $4,323,078PCE Payments $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $033/22/2004 Donlin Creek Mine - 50 MW Average Demand, 20 Year Mine LifeYear 2010 2015 2020 2025 2030 2035 2040 2045 2050 2055 2060Power CostsCapital Cost $/kWh5% $0.066 $0.065 $0.063 $0.062 $0.062 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000$100 M Grants, Bal. 5% $0.049 $0.048 $0.047 $0.047 $0.046 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000$150 M Grants, Bal. 5% $0.041 $0.040 $0.039 $0.039 $0.038 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000$200 M Grants, Bal. 5% $0.032 $0.032 $0.031 $0.031 $0.030 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000$250 M Grants, Bal. 5% $0.024 $0.023 $0.023 $0.023 $0.022 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000Fuel $/kWh $0.036 $0.036 $0.036 $0.036 $0.036 $0.056 $0.056 $0.056 $0.056 $0.056 $0.056 O&M $/kWh $0.016 $0.015 $0.015 $0.015 $0.015 $0.044 $0.044 $0.044 $0.044 $0.044 $0.044 Total $0.052 $0.051 $0.051 $0.051 $0.050 $0.100 $0.100 $0.100 $0.100 $0.100 $0.100 BreakEven Cost $/kWh5% $0.118 $0.116 $0.114 $0.113 $0.112 $0.100 $0.100 $0.100 $0.100 $0.100 $0.100 $100 M Grants, Bal. 5% $0.101 $0.099 $0.098 $0.097 $0.096 $0.100 $0.100 $0.100 $0.100 $0.100 $0.100 $150 M Grants, Bal. 5% $0.092 $0.091 $0.090 $0.089 $0.088 $0.100 $0.100 $0.100 $0.100 $0.100 $0.100 $200 M Grants, Bal. 5% $0.084 $0.083 $0.082 $0.081 $0.081 $0.100 $0.100 $0.100 $0.100 $0.100 $0.100 $250 M Grants, Bal. 5% $0.076 $0.075 $0.074 $0.073 $0.073 $0.100 $0.100 $0.100 $0.100 $0.100 $0.100 Wholesale Cost$/kWh5% 0.123 0.121 0.119 0.118 0.117 0.105 0.105 0.105 0.105 0.105 0.105$100 M Grants, Bal. 5% 0.106 0.104 0.103 0.102 0.101 0.105 0.105 0.105 0.105 0.105 0.105$150 M Grants, Bal. 5% 0.097 0.096 0.095 0.094 0.093 0.105 0.105 0.105 0.105 0.105 0.105$200 M Grants, Bal. 5% 0.089 0.088 0.087 0.086 0.086 0.105 0.105 0.105 0.105 0.105 0.105$250 M Grants, Bal. 5% 0.081 0.080 0.079 0.078 0.078 0.105 0.105 0.105 0.105 0.105 0.105Annual WholeSale Cost of Power5% $61,651,818 $61,959,145 $62,266,472 $62,493,360 $62,720,248 $10,311,499 $10,311,499 $10,311,499 $10,311,499 $10,311,499 $10,311,499$100 M Grants, Bal. 5% $53,226,346 $53,533,674 $53,841,001 $54,067,888 $54,294,776 $10,311,499 $10,311,499 $10,311,499 $10,311,499 $10,311,499 $10,311,499$150 M Grants, Bal. 5% $49,013,611 $49,320,938 $49,628,265 $49,855,152 $50,082,040 $10,311,499 $10,311,499 $10,311,499 $10,311,499 $10,311,499 $10,311,499$200 M Grants, Bal. 5% $44,800,875 $45,108,202 $45,415,529 $45,642,417 $45,869,304 $10,311,499 $10,311,499 $10,311,499 $10,311,499 $10,311,499 $10,311,499$250 M Grants, Bal. 5% $40,588,139 $40,895,466 $41,202,793 $41,429,681 $41,656,569 $10,311,499 $10,311,499 $10,311,499 $10,311,499 $10,311,499 $10,311,499Accumulated WholeSale Cost of Power5% 61,651,818 370,218,236 680,321,288 991,880,537 1,304,574,225 1,565,766,714 1,617,324,207 1,668,881,700 1,720,439,194 1,771,996,687 1,823,554,180$100 M Grants, Bal. 5% 53,226,346 319,665,406 587,641,100 857,072,991 1,127,639,320 1,355,129,923 1,406,687,416 1,458,244,909 1,509,802,402 1,561,359,895 1,612,917,389$150 M Grants, Bal. 5% 49,013,611 294,388,991 541,301,006 789,669,218 1,039,171,868 1,249,811,527 1,301,369,020 1,352,926,513 1,404,484,006 1,456,041,500 1,507,598,993$200 M Grants, Bal. 5% 44,800,875 269,112,576 494,960,912 722,265,444 950,704,415 1,144,493,131 1,196,050,624 1,247,608,118 1,299,165,611 1,350,723,104 1,402,280,597$250 M Grants, Bal. 5% 40,588,139 243,836,161 448,620,818 654,861,671 862,236,963 1,039,174,735 1,090,732,229 1,142,289,722 1,193,847,215 1,245,404,708 1,296,962,202Annual Net Income 2,514,208 2,561,940 2,609,673 2,644,912 2,680,151 490,151 490,151 490,151 490,151 490,151 490,151Accumulated Net Income 2,514,208 15,132,981 30,552,357 46,245,633 62,150,342 76,041,247 78,982,152 81,923,056 84,863,961 87,804,866 90,745,77043/22/2004 Donlin Creek Mine - 50 MW Average Demand, 20 Year Mine Life97 MW Barge Mounted Coal Plant Bethel +46 MW Combustion Turbine + 138 KV T-Line to mine, No Waste Heat SalesBethel+8 villagesYear 2010 2015 2020 2025 2030 2035 2040 2045 2050 2055 20601. Power RequirementsKWs Peak DemandDonlin Gold Mine 60,000 60,000 60,000 60,000 60,000 0 00000Villages 2,281 2,630 2,980 3,123 3,266 3,350 3,433 3,433 3,433 3,433 3,433Bethel 9,580 10,995 12,410 13,407 14,403 14,403 14,403 14,403 14,403 14,403 14,403Line Loss 3,500 3,500 3,500 3,500 3,500 500 500 500 500 500 500In Plant Use 7,500 7,500 7,500 7,500 7,500 2,500 2,500 2,500 2,500 2,500 2,500Total KW 82,861 84,625 86,390 87,529 88,669 20,753 20,836 20,836 20,836 20,836 20,836KWHsDonlin Gold Mine 438,000,000 438,000,000 438,000,000 438,000,000 438,000,000 0 00000Villages 10,295,423 11,782,606 13,269,790 14,645,290 16,020,790 16,020,790 16,020,790 16,020,790 16,020,790 16,020,790 16,020,790Bethel 54,546,206 62,605,493 70,664,781 76,337,072 82,009,364 82,009,364 82,009,364 82,009,364 82,009,364 82,009,364 82,009,364Total KWH Sales 502,841,628 512,388,100 521,934,571 528,982,362 536,030,154 98,030,154 98,030,154 98,030,154 98,030,154 98,030,154 98,030,154T-Line losses 30,660,000 30,660,000 30,660,000 30,660,000 30,660,000 4,380,000 4,380,000 4,380,000 4,380,000 4,380,000 4,380,000In Plant Use 65,700,000 65,700,000 65,700,000 65,700,000 65,700,000 21,900,000 21,900,000 21,900,000 21,900,000 21,900,000 21,900,000Total kWh Generated 599,201,628 608,748,100 618,294,571 625,342,362 632,390,154 124,310,154 124,310,154 124,310,154 124,310,154 124,310,154 124,310,154 Generation Capacity KWs CFB Coal Plant 97,000 97,000 97,000 97,000 97,000 97,000 97,000 97,000 97,000 97,000 97,000Combustion Turbine Bethel 46,000 46,000 46,000 46,000 46,000 46,000 46,000 46,000 46,000 46,000 46,000CCK00000000000 Mine00000000000Bethel Utilities Plant00000000000Total Capacity in KWs 143,000 143,000 143,000 143,000 143,000 143,000 143,000 143,000 143,000 143,000 143,000Generation KWHsCoal Plant 584,221,588 593,529,397 602,837,207 609,708,803 616,580,400 121,202,400 121,202,400 121,202,400 121,202,400 121,202,400 121,202,400Combustion Turbine Bethel 14,980,041 15,218,702 15,457,364 15,633,559 15,809,754 3,107,754 3,107,754 3,107,754 3,107,754 3,107,754 3,107,754CCK00000000000 Mine 00000000000Purchased Power000000000002. Capital Cost(1)Plant CostsCoal Plant $/kW $1,940 $1,940 $1,940 $1,940 $1,940 $1,940 $1,940 $1,940 $1,940 $1,940 $1,940Combustion Turbine $/kW Bethel $370 $370 $370 $370 $370 $370 $370 $370 $370 $370 $370CCK Mine Bethel Utilities Plant138 kV T-Line/Mile $680,900 $680,900 $680,900 $680,900 $680,900 $0 $0 $0 $0 $0 $013/22/2004 Donlin Creek Mine - 50 MW Average Demand, 20 Year Mine LifeYear 2010 2015 2020 2025 2030 2035 2040 2045 2050 2055 2060Plant Costs $Coal Plant $188,180,000 $188,180,000 $188,180,000 $188,180,000 $188,180,000 $0 $0 $0 $0 $0 $0Combustion Turbine Bethel $17,020,000 $17,020,000 $17,020,000 $17,020,000 $17,020,000 $0 $0 $0 $0 $0 $0CCK Mine $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Bethel Utilities PlantTotal $205,200,000 $205,200,000 $205,200,000 $205,200,000 $205,200,000 $0 $0 $0 $0 $0 $0138 kV T-Line @ 192 miles $130,732,800 $130,732,800 $130,732,800 $130,732,800 $130,732,800 $0 $0 $0 $0 $0 $0Bethel Diesel Plant $500,000 $500,000 $500,000 $500,000 $500,000 $0 $0 $0 $0 $0 $0138 kV Substations $4,100,000 $4,100,000 $4,100,000 $4,100,000 $4,100,000 $0 $0 $0 $0 $0 $0Village Sub.+ Dist. Lines $7,245,000 $7,245,000 $7,245,000 $7,245,000 $7,245,000 $0 $0 $0 $0 $0 $0 +100 kV DC Line @ 385 miles $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Total $142,577,800 $142,577,800 $142,577,800 $142,577,800 $142,577,800 $0 $0 $0 $0 $0 $0Tug + 3 Barges $11,600,000 $11,600,000 $11,600,000 $11,600,000 $11,600,000 $0 $0 $0 $0 $0 $0Enviormental Studies $6,000,000 $6,000,000 $6,000,000 $6,000,000 $6,000,000 $0 $0 $0 $0 $0 $0Fuel Storage Gallons Bethel 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000CCK00000000000 Mine00000000000Fuel Storage Costs $/Gallon Bethel $1.37 $1.37 $1.37 $1.37 $1.37 $1.37 $1.37 $1.37 $1.37 $1.37 $1.37CCK MineFuel Storage Costs Bethel $4,110,000 $4,110,000 $4,110,000 $4,110,000 $4,110,000 $0 $0 $0 $0 $0 $0CCK $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Mine $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Total Fuel Oil Storage $4,110,000 $4,110,000 $4,110,000 $4,110,000 $4,110,000 $0 $0 $0 $0 $0 $0District Heating System $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0SubTotal Capital Costs $369,487,800 $369,487,800 $369,487,800 $369,487,800 $369,487,800 $0 $0 $0 $0 $0 $0Interest During Constuction5% $18,474,390 $18,474,390 $18,474,390 $18,474,390 $18,474,390 $0 $0 $0 $0 $0 $0$100 M Grants, Bal. 5% $13,474,390 $13,474,390 $13,474,390 $13,474,390 $13,474,390 $0 $0 $0 $0 $0 $0$150 M Grants, Bal. 5% $10,974,390 $10,974,390 $10,974,390 $10,974,390 $10,974,390 $0 $0 $0 $0 $0 $0$200 M Grants, Bal. 5% $8,474,390 $8,474,390 $8,474,390 $8,474,390 $8,474,390 $0 $0 $0 $0 $0 $0$250 M Grants, Bal. 5% $5,974,390 $5,974,390 $5,974,390 $5,974,390 $5,974,390 $0 $0 $0 $0 $0 $0Total Capital Cost5% $387,962,190 $387,962,190 $387,962,190 $387,962,190 $387,962,190 $0 $0 $0 $0 $0 $0$100 M Grants, Bal. 5% $282,962,190 $282,962,190 $282,962,190 $282,962,190 $282,962,190 $0 $0 $0 $0 $0 $0$150 M Grants, Bal. 5% $230,462,190 $230,462,190 $230,462,190 $230,462,190 $230,462,190 $0 $0 $0 $0 $0 $0$200 M Grants, Bal. 5% $177,962,190 $177,962,190 $177,962,190 $177,962,190 $177,962,190 $0 $0 $0 $0 $0 $0$250 M Grants, Bal. 5% $125,462,190 $125,462,190 $125,462,190 $125,462,190 $125,462,190 $0 $0 $0 $0 $0 $023/22/2004 Donlin Creek Mine - 50 MW Average Demand, 20 Year Mine LifeYear 2010 2015 2020 2025 2030 2035 2040 2045 2050 2055 2060 3. ExpensesAnnual Debt Service5% $31,131,090 $31,131,090 $31,131,090 $31,131,090 $31,131,090 $0 $0 $0 $0 $0 $0$100 M Grants, Bal. 5% $22,705,618 $22,705,618 $22,705,618 $22,705,618 $22,705,618 $0 $0 $0 $0 $0 $0$150 M Grants, Bal. 5% $18,492,882 $18,492,882 $18,492,882 $18,492,882 $18,492,882 $0 $0 $0 $0 $0 $0$200 M Grants, Bal. 5% $14,280,147 $14,280,147 $14,280,147 $14,280,147 $14,280,147 $0 $0 $0 $0 $0 $0$250 M Grants, Bal. 5% $10,067,411 $10,067,411 $10,067,411 $10,067,411 $10,067,411 $0 $0 $0 $0 $0 $0O&M CostsAnnual Fuel RequirementsCoal Tons 261,237 265,399 269,561 272,634 275,707 67,253 67,253 67,253 67,253 67,253 67,253 #1 Fuel Oil GallonsBethel 1,122,680 1,140,566 1,158,453 1,171,658 1,184,863 232,911 232,911 232,911 232,911 232,911 232,911CCKMine00000000000Coal $/Ton $55.00 $55.00 $55.00 $55.00 $55.00 $70.00 $70.00 $70.00 $70.00 $70.00 $70.00 #1 Fuel Oil $/GallonsBethel $1.20 $1.20 $1.20 $1.20 $1.20 $1.20 $1.20 $1.20 $1.20 $1.20 $1.20CCKMineAnnual Fuel CostsCoal $14,368,051 $14,596,963 $14,825,874 $14,994,871 $15,163,868 $4,707,679 $4,707,679 $4,707,679 $4,707,679 $4,707,679 $4,707,679 #1 Fuel OilBethel $1,347,216 $1,368,680 $1,390,144 $1,405,990 $1,421,835 $279,493 $279,493 $279,493 $279,493 $279,493 $279,493CCK $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Mine $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Annual Interest Fuel Supply Loan $428,866 $435,699 $442,532 $447,576 $452,620 $136,099 $136,099 $136,099 $136,099 $136,099 $136,099 O&M Tug + Barges $2,100,000 $2,100,000 $2,100,000 $2,100,000 $2,100,000 $375,000 $375,000 $375,000 $375,000 $375,000 $375,000 Purchased PwrDemand Charge $/KWEnergy Charge $/kwhCost of Purchased Pwr $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Total $18,244,133 $18,501,342 $18,758,550 $18,948,436 $19,138,323 $5,498,270 $5,498,270 $5,498,270 $5,498,270 $5,498,270 $5,498,270O&MCoal-PlantPersonnel 2,100,000 2,100,000 2,100,000 2,100,000 2,100,000 1,400,000 1,400,000 1,400,000 1,400,000 1,400,000 1,400,000Equipment/Supplies 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 2,500,000 2,500,000 2,500,000 2,500,000 2,500,000 2,500,000Combustion Turbine $149,800 $152,187 $154,574 $156,336 $158,098 $31,078 $31,078 $31,078 $31,078 $31,078 $31,078PersonnelEquipment/SuppliesNuvista Administration $400,000 $400,000 $400,000 $400,000 $400,000 $200,000 $200,000 $200,000 $200,000 $200,000 $200,000 138 kV T-Line $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 +100KV DC Line $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Waste Heat Sales Offset $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Total O&M $7,841,800 $7,844,187 $7,846,574 $7,848,336 $7,850,098 $4,323,078 $4,323,078 $4,323,078 $4,323,078 $4,323,078 $4,323,078PCE Payments $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $033/22/2004 Donlin Creek Mine - 50 MW Average Demand, 20 Year Mine LifeYear 2010 2015 2020 2025 2030 2035 2040 2045 2050 2055 2060Power CostsCapital Cost $/kWh5% $0.062 $0.061 $0.060 $0.059 $0.058 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000$100 M Grants, Bal. 5% $0.045 $0.044 $0.044 $0.043 $0.042 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000$150 M Grants, Bal. 5% $0.037 $0.036 $0.035 $0.035 $0.034 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000$200 M Grants, Bal. 5% $0.028 $0.028 $0.027 $0.027 $0.027 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000$250 M Grants, Bal. 5% $0.020 $0.020 $0.019 $0.019 $0.019 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000Fuel $/kWh $0.036 $0.036 $0.036 $0.036 $0.036 $0.056 $0.056 $0.056 $0.056 $0.056 $0.056 O&M $/kWh $0.016 $0.015 $0.015 $0.015 $0.015 $0.044 $0.044 $0.044 $0.044 $0.044 $0.044 Total $0.052 $0.051 $0.051 $0.051 $0.050 $0.100 $0.100 $0.100 $0.100 $0.100 $0.100 BreakEven Cost $/kWh5% $0.114 $0.112 $0.111 $0.110 $0.108 $0.100 $0.100 $0.100 $0.100 $0.100 $0.100 $100 M Grants, Bal. 5% $0.097 $0.096 $0.094 $0.094 $0.093 $0.100 $0.100 $0.100 $0.100 $0.100 $0.100 $150 M Grants, Bal. 5% $0.089 $0.088 $0.086 $0.086 $0.085 $0.100 $0.100 $0.100 $0.100 $0.100 $0.100 $200 M Grants, Bal. 5% $0.080 $0.079 $0.078 $0.078 $0.077 $0.100 $0.100 $0.100 $0.100 $0.100 $0.100 $250 M Grants, Bal. 5% $0.072 $0.071 $0.070 $0.070 $0.069 $0.100 $0.100 $0.100 $0.100 $0.100 $0.100 Wholesale Cost$/kWh5% 0.119 0.117 0.116 0.115 0.113 0.105 0.105 0.105 0.105 0.105 0.105$100 M Grants, Bal. 5% 0.102 0.101 0.099 0.099 0.098 0.105 0.105 0.105 0.105 0.105 0.105$150 M Grants, Bal. 5% 0.094 0.093 0.091 0.091 0.090 0.105 0.105 0.105 0.105 0.105 0.105$200 M Grants, Bal. 5% 0.085 0.084 0.083 0.083 0.082 0.105 0.105 0.105 0.105 0.105 0.105$250 M Grants, Bal. 5% 0.077 0.076 0.075 0.075 0.074 0.105 0.105 0.105 0.105 0.105 0.105Annual WholeSale Cost of Power5% $59,731,232 $60,038,559 $60,345,886 $60,572,774 $60,799,661 $10,311,499 $10,311,499 $10,311,499 $10,311,499 $10,311,499 $10,311,499$100 M Grants, Bal. 5% $51,305,760 $51,613,087 $51,920,414 $52,147,302 $52,374,190 $10,311,499 $10,311,499 $10,311,499 $10,311,499 $10,311,499 $10,311,499$150 M Grants, Bal. 5% $47,093,024 $47,400,351 $47,707,678 $47,934,566 $48,161,454 $10,311,499 $10,311,499 $10,311,499 $10,311,499 $10,311,499 $10,311,499$200 M Grants, Bal. 5% $42,880,289 $43,187,616 $43,494,943 $43,721,830 $43,948,718 $10,311,499 $10,311,499 $10,311,499 $10,311,499 $10,311,499 $10,311,499$250 M Grants, Bal. 5% $38,667,553 $38,974,880 $39,282,207 $39,509,095 $39,735,982 $10,311,499 $10,311,499 $10,311,499 $10,311,499 $10,311,499 $10,311,499Accumulated WholeSale Cost of Power5% 59,731,232 358,694,718 659,194,840 961,151,157 1,264,241,913 1,517,752,057 1,569,309,551 1,620,867,044 1,672,424,537 1,723,982,030 1,775,539,523$100 M Grants, Bal. 5% 51,305,760 308,141,888 566,514,651 826,343,611 1,087,307,008 1,307,115,266 1,358,672,759 1,410,230,252 1,461,787,746 1,513,345,239 1,564,902,732$150 M Grants, Bal. 5% 47,093,024 282,865,473 520,174,557 758,939,837 998,839,556 1,201,796,870 1,253,354,363 1,304,911,857 1,356,469,350 1,408,026,843 1,459,584,336$200 M Grants, Bal. 5% 42,880,289 257,589,058 473,834,463 691,536,064 910,372,104 1,096,478,475 1,148,035,968 1,199,593,461 1,251,150,954 1,302,708,447 1,354,265,941$250 M Grants, Bal. 5% 38,667,553 232,312,643 427,494,369 624,132,291 821,904,651 991,160,079 1,042,717,572 1,094,275,065 1,145,832,559 1,197,390,052 1,248,947,545Annual Net Income 2,514,208 2,561,940 2,609,673 2,644,912 2,680,151 490,151 490,151 490,151 490,151 490,151 490,151Accumulated Net Income 2,514,208 15,132,981 30,552,357 46,245,633 62,150,342 76,041,247 78,982,152 81,923,056 84,863,961 87,804,866 90,745,77043/22/2004 Donlin Creek Mine - 50 MW Average Demand, 20 Year Mine Life80 MW Barge Mounted Coal Plant Bethel +46 MW Combustion Turbine + 138 KV T-Line to mine, No Waste Heat SalesBethel+8 villagesYear 2010 2015 2020 2025 2030 2035 2040 2045 2050 2055 20601. Power RequirementsKWs Peak DemandDonlin Gold Mine 60,000 60,000 60,000 60,000 60,000 0 0 0 0 0 0Villages 2,281 2,630 2,980 3,123 3,266 3,350 3,433 3,433 3,433 3,433 3,433Bethel 9,580 10,995 12,410 13,407 14,403 14,403 14,403 14,403 14,403 14,403 14,403Line Loss 3,500 3,500 3,500 3,500 3,500 500 500 500 500 500 500In Plant Use 7,500 7,500 7,500 7,500 7,500 2,500 2,500 2,500 2,500 2,500 2,500Total KW 82,861 84,625 86,390 87,529 88,669 20,753 20,836 20,836 20,836 20,836 20,836KWHsDonlin Gold Mine 438,000,000 438,000,000 438,000,000 438,000,000 438,000,000 0 0 0 0 0 0Villages 10,295,423 11,782,606 13,269,790 14,645,290 16,020,790 16,020,790 16,020,790 16,020,790 16,020,790 16,020,790 16,020,790Bethel 54,546,206 62,605,493 70,664,781 76,337,072 82,009,364 82,009,364 82,009,364 82,009,364 82,009,364 82,009,364 82,009,364Total KWH Sales 502,841,628 512,388,100 521,934,571 528,982,362 536,030,154 98,030,154 98,030,154 98,030,154 98,030,154 98,030,154 98,030,154T-Line losses 30,660,000 30,660,000 30,660,000 30,660,000 30,660,000 4,380,000 4,380,000 4,380,000 4,380,000 4,380,000 4,380,000In Plant Use 65,700,000 65,700,000 65,700,000 65,700,000 65,700,000 21,900,000 21,900,000 21,900,000 21,900,000 21,900,000 21,900,000Total kWh Generated 599,201,628 608,748,100 618,294,571 625,342,362 632,390,154 124,310,154 124,310,154 124,310,154 124,310,154 124,310,154 124,310,154 Generation Capacity KWs CFB Coal Plant 80,000 80,000 80,000 80,000 80,000 80,000 80,000 80,000 80,000 80,000 80,000Combustion Turbine Bethel 25,000 25,000 25,000 25,000 25,000 25,000 25,000 25,000 25,000 25,000 25,000CCK00000000000 Mine00000000000Bethel Utilities Plant 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000Total Capacity in KWs 115,000 115,000 115,000 115,000 115,000 115,000 115,000 115,000 115,000 115,000 115,000Generation KWHsCoal Plant 584,221,588 593,529,397 602,837,207 609,708,803 616,580,400 121,202,400 121,202,400 121,202,400 121,202,400 121,202,400 121,202,400Combustion Turbine Bethel 14,980,041 15,218,702 15,457,364 15,633,559 15,809,754 3,107,754 3,107,754 3,107,754 3,107,754 3,107,754 3,107,754CCK00000000000 Mine 00000000000Purchased Power000000000002. Capital Cost(1)Plant CostsCoal Plant $/kW $2,190 $2,190 $2,190 $2,190 $2,190 $2,190 $2,190 $2,190 $2,190 $2,190 $2,190Combustion Turbine $/kW Bethel $370 $370 $370 $370 $370 $370 $370 $370 $370 $370 $370CCK Mine Bethel Utilities Plant $250 $250 $250 $250 $250 $250 $250 $250 $250 $250 $250138 kV T-Line/Mile $680,900 $680,900 $680,900 $680,900 $680,900 $0 $0 $0 $0 $0 $013/22/2004 Donlin Creek Mine - 50 MW Average Demand, 20 Year Mine LifeYear 2010 2015 2020 2025 2030 2035 2040 2045 2050 2055 2060Plant Costs $Coal Plant $175,200,000 $175,200,000 $175,200,000 $175,200,000 $175,200,000 $0 $0 $0 $0 $0 $0Combustion Turbine Bethel $9,250,000 $9,250,000 $9,250,000 $9,250,000 $9,250,000 $0 $0 $0 $0 $0 $0CCK Mine $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Bethel Utilities Plant $2,500,000 $2,500,000 $2,500,000 $2,500,000 $2,500,000Total $186,950,000 $186,950,000 $186,950,000 $186,950,000 $186,950,000 $0 $0 $0 $0 $0 $0138 kV T-Line @ 192 miles $130,732,800 $130,732,800 $130,732,800 $130,732,800 $130,732,800 $0 $0 $0 $0 $0 $0Bethel Diesel Plant $500,000 $500,000 $500,000 $500,000 $500,000 $0 $0 $0 $0 $0 $0138 kV Substations $4,100,000 $4,100,000 $4,100,000 $4,100,000 $4,100,000 $0 $0 $0 $0 $0 $0Village Sub.+ Dist. Lines $7,245,000 $7,245,000 $7,245,000 $7,245,000 $7,245,000 $0 $0 $0 $0 $0 $0 +100 kV DC Line @ 385 miles $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Total $142,577,800 $142,577,800 $142,577,800 $142,577,800 $142,577,800 $0 $0 $0 $0 $0 $0Tug + 3 Barges $11,600,000 $11,600,000 $11,600,000 $11,600,000 $11,600,000 $0 $0 $0 $0 $0 $0Enviormental Studies $6,000,000 $6,000,000 $6,000,000 $6,000,000 $6,000,000 $0 $0 $0 $0 $0 $0Fuel Storage Gallons Bethel 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000CCK00000000000 Mine00000000000Fuel Storage Costs $/Gallon Bethel $1.37 $1.37 $1.37 $1.37 $1.37 $1.37 $1.37 $1.37 $1.37 $1.37 $1.37CCK MineFuel Storage Costs Bethel $4,110,000 $4,110,000 $4,110,000 $4,110,000 $4,110,000 $0 $0 $0 $0 $0 $0CCK $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Mine $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Total Fuel Oil Storage $4,110,000 $4,110,000 $4,110,000 $4,110,000 $4,110,000 $0 $0 $0 $0 $0 $0District Heating System $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0SubTotal Capital Costs $351,237,800 $351,237,800 $351,237,800 $351,237,800 $351,237,800 $0 $0 $0 $0 $0 $0Interest During Constuction5% $17,561,890 $17,561,890 $17,561,890 $17,561,890 $17,561,890 $0 $0 $0 $0 $0 $0$100 M Grants, Bal. 5% $12,561,890 $12,561,890 $12,561,890 $12,561,890 $12,561,890 $0 $0 $0 $0 $0 $0$150 M Grants, Bal. 5% $10,061,890 $10,061,890 $10,061,890 $10,061,890 $10,061,890 $0 $0 $0 $0 $0 $0$200 M Grants, Bal. 5% $7,561,890 $7,561,890 $7,561,890 $7,561,890 $7,561,890 $0 $0 $0 $0 $0 $0$250 M Grants, Bal. 5% $5,061,890 $5,061,890 $5,061,890 $5,061,890 $5,061,890 $0 $0 $0 $0 $0 $0Total Capital Cost5% $368,799,690 $368,799,690 $368,799,690 $368,799,690 $368,799,690 $0 $0 $0 $0 $0 $0$100 M Grants, Bal. 5% $263,799,690 $263,799,690 $263,799,690 $263,799,690 $263,799,690 $0 $0 $0 $0 $0 $0$150 M Grants, Bal. 5% $211,299,690 $211,299,690 $211,299,690 $211,299,690 $211,299,690 $0 $0 $0 $0 $0 $0$200 M Grants, Bal. 5% $158,799,690 $158,799,690 $158,799,690 $158,799,690 $158,799,690 $0 $0 $0 $0 $0 $0$250 M Grants, Bal. 5% $106,299,690 $106,299,690 $106,299,690 $106,299,690 $106,299,690 $0 $0 $0 $0 $0 $023/22/2004 Donlin Creek Mine - 50 MW Average Demand, 20 Year Mine LifeYear 2010 2015 2020 2025 2030 2035 2040 2045 2050 2055 2060 3. ExpensesAnnual Debt Service5% $29,593,441 $29,593,441 $29,593,441 $29,593,441 $29,593,441 $0 $0 $0 $0 $0 $0$100 M Grants, Bal. 5% $21,167,970 $21,167,970 $21,167,970 $21,167,970 $21,167,970 $0 $0 $0 $0 $0 $0$150 M Grants, Bal. 5% $16,955,234 $16,955,234 $16,955,234 $16,955,234 $16,955,234 $0 $0 $0 $0 $0 $0$200 M Grants, Bal. 5% $12,742,498 $12,742,498 $12,742,498 $12,742,498 $12,742,498 $0 $0 $0 $0 $0 $0$250 M Grants, Bal. 5% $8,529,762 $8,529,762 $8,529,762 $8,529,762 $8,529,762 $0 $0 $0 $0 $0 $0O&M CostsAnnual Fuel RequirementsCoal Tons 261,237 265,399 269,561 272,634 275,707 67,253 67,253 67,253 67,253 67,253 67,253 #1 Fuel Oil GallonsBethel 1,122,680 1,140,566 1,158,453 1,171,658 1,184,863 232,911 232,911 232,911 232,911 232,911 232,911CCKMine00000000000Coal $/Ton $55.00 $55.00 $55.00 $55.00 $55.00 $70.00 $70.00 $70.00 $70.00 $70.00 $70.00 #1 Fuel Oil $/GallonsBethel $1.20 $1.20 $1.20 $1.20 $1.20 $1.20 $1.20 $1.20 $1.20 $1.20 $1.20CCKMineAnnual Fuel CostsCoal $14,368,051 $14,596,963 $14,825,874 $14,994,871 $15,163,868 $4,707,679 $4,707,679 $4,707,679 $4,707,679 $4,707,679 $4,707,679 #1 Fuel OilBethel $1,347,216 $1,368,680 $1,390,144 $1,405,990 $1,421,835 $279,493 $279,493 $279,493 $279,493 $279,493 $279,493CCK $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Mine $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Annual Interest Fuel Supply Loan $428,866 $435,699 $442,532 $447,576 $452,620 $136,099 $136,099 $136,099 $136,099 $136,099 $136,099 O&M Tug + Barges $1,567,000 $1,567,000 $1,567,000 $1,567,000 $1,567,000 $375,000 $375,000 $375,000 $375,000 $375,000 $375,000 Purchased PwrDemand Charge $/KWEnergy Charge $/kwhCost of Purchased Pwr $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Total $17,711,133 $17,968,342 $18,225,550 $18,415,436 $18,605,323 $5,498,270 $5,498,270 $5,498,270 $5,498,270 $5,498,270 $5,498,270O&MCoal-PlantPersonnel 2,100,000 2,100,000 2,100,000 2,100,000 2,100,000 1,400,000 1,400,000 1,400,000 1,400,000 1,400,000 1,400,000Equipment/Supplies 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 2,500,000 2,500,000 2,500,000 2,500,000 2,500,000 2,500,000Combustion Turbine $149,800 $152,187 $154,574 $156,336 $158,098 $31,078 $31,078 $31,078 $31,078 $31,078 $31,078PersonnelEquipment/SuppliesNuvista Administration $400,000 $400,000 $400,000 $400,000 $400,000 $200,000 $200,000 $200,000 $200,000 $200,000 $200,000 138 kV T-Line $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 +100KV DC Line $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Waste Heat Sales Offset $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Total O&M $7,841,800 $7,844,187 $7,846,574 $7,848,336 $7,850,098 $4,323,078 $4,323,078 $4,323,078 $4,323,078 $4,323,078 $4,323,078PCE Payments $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $033/22/2004 Donlin Creek Mine - 50 MW Average Demand, 20 Year Mine LifeYear 2010 2015 2020 2025 2030 2035 2040 2045 2050 2055 2060Power CostsCapital Cost $/kWh5% $0.059 $0.058 $0.057 $0.056 $0.055 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000$100 M Grants, Bal. 5% $0.042 $0.041 $0.041 $0.040 $0.039 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000$150 M Grants, Bal. 5% $0.034 $0.033 $0.032 $0.032 $0.032 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000$200 M Grants, Bal. 5% $0.025 $0.025 $0.024 $0.024 $0.024 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000$250 M Grants, Bal. 5% $0.017 $0.017 $0.016 $0.016 $0.016 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000Fuel $/kWh $0.035 $0.035 $0.035 $0.035 $0.035 $0.056 $0.056 $0.056 $0.056 $0.056 $0.056 O&M $/kWh $0.016 $0.015 $0.015 $0.015 $0.015 $0.044 $0.044 $0.044 $0.044 $0.044 $0.044 Total $0.051 $0.050 $0.050 $0.050 $0.049 $0.100 $0.100 $0.100 $0.100 $0.100 $0.100 BreakEven Cost $/kWh5% $0.110 $0.108 $0.107 $0.106 $0.105 $0.100 $0.100 $0.100 $0.100 $0.100 $0.100 $100 M Grants, Bal. 5% $0.093 $0.092 $0.091 $0.090 $0.089 $0.100 $0.100 $0.100 $0.100 $0.100 $0.100 $150 M Grants, Bal. 5% $0.085 $0.083 $0.082 $0.082 $0.081 $0.100 $0.100 $0.100 $0.100 $0.100 $0.100 $200 M Grants, Bal. 5% $0.076 $0.075 $0.074 $0.074 $0.073 $0.100 $0.100 $0.100 $0.100 $0.100 $0.100 $250 M Grants, Bal. 5% $0.068 $0.067 $0.066 $0.066 $0.065 $0.100 $0.100 $0.100 $0.100 $0.100 $0.100 Wholesale Cost$/kWh5% 0.115 0.113 0.112 0.111 0.110 0.105 0.105 0.105 0.105 0.105 0.105$100 M Grants, Bal. 5% 0.098 0.097 0.096 0.095 0.094 0.105 0.105 0.105 0.105 0.105 0.105$150 M Grants, Bal. 5% 0.090 0.088 0.087 0.087 0.086 0.105 0.105 0.105 0.105 0.105 0.105$200 M Grants, Bal. 5% 0.081 0.080 0.079 0.079 0.078 0.105 0.105 0.105 0.105 0.105 0.105$250 M Grants, Bal. 5% 0.073 0.072 0.071 0.071 0.070 0.105 0.105 0.105 0.105 0.105 0.105Annual WholeSale Cost of Power5% $57,660,583 $57,967,910 $58,275,237 $58,502,125 $58,729,013 $10,311,499 $10,311,499 $10,311,499 $10,311,499 $10,311,499 $10,311,499$100 M Grants, Bal. 5% $49,235,112 $49,542,439 $49,849,766 $50,076,653 $50,303,541 $10,311,499 $10,311,499 $10,311,499 $10,311,499 $10,311,499 $10,311,499$150 M Grants, Bal. 5% $45,022,376 $45,329,703 $45,637,030 $45,863,918 $46,090,805 $10,311,499 $10,311,499 $10,311,499 $10,311,499 $10,311,499 $10,311,499$200 M Grants, Bal. 5% $40,809,640 $41,116,967 $41,424,294 $41,651,182 $41,878,069 $10,311,499 $10,311,499 $10,311,499 $10,311,499 $10,311,499 $10,311,499$250 M Grants, Bal. 5% $36,596,904 $36,904,231 $37,211,558 $37,438,446 $37,665,334 $10,311,499 $10,311,499 $10,311,499 $10,311,499 $10,311,499 $10,311,499Accumulated WholeSale Cost of Power5% 57,660,583 346,270,827 636,417,705 928,020,780 1,220,758,293 1,465,985,843 1,517,543,336 1,569,100,829 1,620,658,323 1,672,215,816 1,723,773,309$100 M Grants, Bal. 5% 49,235,112 295,717,997 543,737,517 793,213,233 1,043,823,388 1,255,349,051 1,306,906,545 1,358,464,038 1,410,021,531 1,461,579,024 1,513,136,518$150 M Grants, Bal. 5% 45,022,376 270,441,582 497,397,423 725,809,460 955,355,936 1,150,030,656 1,201,588,149 1,253,145,642 1,304,703,135 1,356,260,629 1,407,818,122$200 M Grants, Bal. 5% 40,809,640 245,165,167 451,057,329 658,405,687 866,888,484 1,044,712,260 1,096,269,753 1,147,827,247 1,199,384,740 1,250,942,233 1,302,499,726$250 M Grants, Bal. 5% 36,596,904 219,888,752 404,717,235 591,001,914 778,421,031 939,393,864 990,951,358 1,042,508,851 1,094,066,344 1,145,623,837 1,197,181,331Annual Net Income 2,514,208 2,561,940 2,609,673 2,644,912 2,680,151 490,151 490,151 490,151 490,151 490,151 490,151Accumulated Net Income 2,514,208 15,132,981 30,552,357 46,245,633 62,150,342 76,041,247 78,982,152 81,923,056 84,863,961 87,804,866 90,745,77043/22/2004 Donlin Creek Mine - 60 MW Average Load, 20 Year Mine LifeLuscar Coal Valley Mine 97 MW Land-Based Coal Plant Bethel +46 MW Combustion Turbine + 138 KV T-Line to mine, No Waste Heat SalesBethel+8 villagesYear 2010 2015 2020 2025 2030 2035 2040 2045 2050 2055 20601. Power RequirementsKWs Peak DemandDonlin Gold Mine 70,000 70,000 70,000 70,000 70,000 0 00000Villages 2,281 2,630 2,980 3,123 3,266 3,350 3,433 3,433 3,433 3,433 3,433Bethel 9,580 10,995 12,410 13,407 14,403 14,403 14,403 14,403 14,403 14,403 14,403Line Loss 5,000 5,000 5,000 5,000 5,000 500 500 500 500 500 500In Plant Use 7,500 7,500 7,500 7,500 7,500 2,500 2,500 2,500 2,500 2,500 2,500Total KW 94,361 96,125 97,890 99,029 100,169 20,753 20,836 20,836 20,836 20,836 20,836KWHsDonlin Gold Mine 525,600,000 525,600,000 525,600,000 525,600,000 525,600,000 0 00000Villages 10,295,423 11,782,606 13,269,790 14,645,290 16,020,790 16,020,790 16,020,790 16,020,790 16,020,790 16,020,790 16,020,790Bethel 54,546,206 62,605,493 70,664,781 76,337,072 82,009,364 82,009,364 82,009,364 82,009,364 82,009,364 82,009,364 82,009,364Total KWH Sales 590,441,628 599,988,100 609,534,571 616,582,362 623,630,154 98,030,154 98,030,154 98,030,154 98,030,154 98,030,154 98,030,154T-Line losses 43,800,000 43,800,000 43,800,000 43,800,000 43,800,000 4,380,000 4,380,000 4,380,000 4,380,000 4,380,000 4,380,000In Plant Use 65,700,000 65,700,000 65,700,000 65,700,000 65,700,000 21,900,000 21,900,000 21,900,000 21,900,000 21,900,000 21,900,000Total kWh Generated 699,941,628 709,488,100 719,034,571 726,082,362 733,130,154 124,310,154 124,310,154 124,310,154 124,310,154 124,310,154 124,310,154 Generation Capacity KWs CFB Coal Plant 97,000 97,000 97,000 97,000 97,000 97,000 97,000 97,000 97,000 97,000 97,000Combustion Turbine Bethel 46,000 46,000 46,000 46,000 46,000 46,000 46,000 46,000 46,000 46,000 46,000CCK00000000000 Mine00000000000Bethel Utilities Plant00000000000Total Capacity in KWs 143,000 143,000 143,000 143,000 143,000 143,000 143,000 143,000 143,000 143,000 143,000Generation KWHsCoal Plant 682,443,088 691,750,897 701,058,707 707,930,303 714,801,900 121,202,400 121,202,400 121,202,400 121,202,400 121,202,400 121,202,400Combustion Turbine Bethel 17,498,541 17,737,202 17,975,864 18,152,059 18,328,254 3,107,754 3,107,754 3,107,754 3,107,754 3,107,754 3,107,754CCK00000000000 Mine 00000000000Purchased Power000000000002. Capital Cost(1)Plant CostsCoal Plant $/kW $2,225 $2,225 $2,225 $2,225 $2,225 $2,225 $2,225 $2,225 $2,225 $2,225 $2,225Combustion Turbine $/kW Bethel $370 $370 $370 $370 $370 $370 $370 $370 $370 $370 $370CCK Mine Bethel Utilities Plant138 kV T-Line/Mile $680,900 $680,900 $680,900 $680,900 $680,900 $0 $0 $0 $0 $0 $013/22/2004 Donlin Creek Mine - 60 MW Average Load, 20 Year Mine LifeYear 2010 2015 2020 2025 2030 2035 2040 2045 2050 2055 2060Plant Costs $Coal Plant $215,825,000 $215,825,000 $215,825,000 $215,825,000 $215,825,000 $0 $0 $0 $0 $0 $0Combustion Turbine Bethel $17,020,000 $17,020,000 $17,020,000 $17,020,000 $17,020,000 $0 $0 $0 $0 $0 $0CCK Mine $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Bethel Utilities PlantTotal $232,845,000 $232,845,000 $232,845,000 $232,845,000 $232,845,000 $0 $0 $0 $0 $0 $0138 kV T-Line @ 192 miles $130,732,800 $130,732,800 $130,732,800 $130,732,800 $130,732,800 $0 $0 $0 $0 $0 $0Bethel Diesel Plant $500,000 $500,000 $500,000 $500,000 $500,000 $0 $0 $0 $0 $0 $0138 kV Substations $4,100,000 $4,100,000 $4,100,000 $4,100,000 $4,100,000 $0 $0 $0 $0 $0 $0Village Sub.+ Dist. Lines $7,245,000 $7,245,000 $7,245,000 $7,245,000 $7,245,000 $0 $0 $0 $0 $0 $0 +100 kV DC Line @ 385 miles $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Total $142,577,800 $142,577,800 $142,577,800 $142,577,800 $142,577,800 $0 $0 $0 $0 $0 $0Tug + 3 Barges $11,600,000 $11,600,000 $11,600,000 $11,600,000 $11,600,000 $0 $0 $0 $0 $0 $0Enviormental Studies $6,000,000 $6,000,000 $6,000,000 $6,000,000 $6,000,000 $0 $0 $0 $0 $0 $0Fuel Storage Gallons Bethel 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000CCK00000000000 Mine00000000000Fuel Storage Costs $/Gallon Bethel $1.37 $1.37 $1.37 $1.37 $1.37 $1.37 $1.37 $1.37 $1.37 $1.37 $1.37CCK MineFuel Storage Costs Bethel $4,110,000 $4,110,000 $4,110,000 $4,110,000 $4,110,000 $0 $0 $0 $0 $0 $0CCK $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Mine $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Total Fuel Oil Storage $4,110,000 $4,110,000 $4,110,000 $4,110,000 $4,110,000 $0 $0 $0 $0 $0 $0District Heating System $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0SubTotal Capital Costs $397,132,800 $397,132,800 $397,132,800 $397,132,800 $397,132,800 $0 $0 $0 $0 $0 $0Interest During Constuction5% $19,856,640 $19,856,640 $19,856,640 $19,856,640 $19,856,640 $0 $0 $0 $0 $0 $0$100 M Grants, Bal. 5% $14,856,640 $14,856,640 $14,856,640 $14,856,640 $14,856,640 $0 $0 $0 $0 $0 $0$150 M Grants, Bal. 5% $12,356,640 $12,356,640 $12,356,640 $12,356,640 $12,356,640 $0 $0 $0 $0 $0 $0$200 M Grants, Bal. 5% $9,856,640 $9,856,640 $9,856,640 $9,856,640 $9,856,640 $0 $0 $0 $0 $0 $0$250 M Grants, Bal. 5% $7,356,640 $7,356,640 $7,356,640 $7,356,640 $7,356,640 $0 $0 $0 $0 $0 $0Total Capital Cost5% $416,989,440 $416,989,440 $416,989,440 $416,989,440 $416,989,440 $0 $0 $0 $0 $0 $0$100 M Grants, Bal. 5% $311,989,440 $311,989,440 $311,989,440 $311,989,440 $311,989,440 $0 $0 $0 $0 $0 $0$150 M Grants, Bal. 5% $259,489,440 $259,489,440 $259,489,440 $259,489,440 $259,489,440 $0 $0 $0 $0 $0 $0$200 M Grants, Bal. 5% $206,989,440 $206,989,440 $206,989,440 $206,989,440 $206,989,440 $0 $0 $0 $0 $0 $0$250 M Grants, Bal. 5% $154,489,440 $154,489,440 $154,489,440 $154,489,440 $154,489,440 $0 $0 $0 $0 $0 $023/22/2004 Donlin Creek Mine - 60 MW Average Load, 20 Year Mine LifeYear 2010 2015 2020 2025 2030 2035 2040 2045 2050 2055 2060 3. ExpensesAnnual Debt Service5% $33,460,311 $33,460,311 $33,460,311 $33,460,311 $33,460,311 $0 $0 $0 $0 $0 $0$100 M Grants, Bal. 5% $25,034,840 $25,034,840 $25,034,840 $25,034,840 $25,034,840 $0 $0 $0 $0 $0 $0$150 M Grants, Bal. 5% $20,822,104 $20,822,104 $20,822,104 $20,822,104 $20,822,104 $0 $0 $0 $0 $0 $0$200 M Grants, Bal. 5% $16,609,368 $16,609,368 $16,609,368 $16,609,368 $16,609,368 $0 $0 $0 $0 $0 $0$250 M Grants, Bal. 5% $12,396,632 $12,396,632 $12,396,632 $12,396,632 $12,396,632 $0 $0 $0 $0 $0 $0O&M CostsAnnual Fuel RequirementsCoal Tons 346,258 350,981 355,703 359,190 362,676 76,593 76,593 76,593 76,593 76,593 76,593 #1 Fuel Oil GallonsBethel 1,311,429 1,329,316 1,347,202 1,360,407 1,373,612 232,911 232,911 232,911 232,911 232,911 232,911CCKMine00000000000Coal $/Ton $43.25 $43.25 $43.25 $43.25 $43.25 $58.00 $58.00 $58.00 $58.00 $58.00 $58.00 #1 Fuel Oil $/GallonsBethel $1.20 $1.20 $1.20 $1.20 $1.20 $1.20 $1.20 $1.20 $1.20 $1.20 $1.20CCKMineAnnual Fuel CostsCoal $14,975,660 $15,179,912 $15,384,164 $15,534,956 $15,685,747 $4,442,405 $4,442,405 $4,442,405 $4,442,405 $4,442,405 $4,442,405 #1 Fuel OilBethel $1,573,715 $1,595,179 $1,616,643 $1,632,488 $1,648,334 $279,493 $279,493 $279,493 $279,493 $279,493 $279,493CCK $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Mine $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Annual Interest Fuel Supply Loan$451,629$457,789$463,948$468,496$473,043$128,860$128,860$128,860$128,860$128,860$128,860 O&M Tug + Barges $1,770,000 $1,770,000 $1,770,000 $1,770,000 $1,770,000 $423,750 $423,750 $423,750 $423,750 $423,750 $423,750 Purchased PwrDemand Charge $/KWEnergy Charge $/kwhCost of Purchased Pwr $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Total $18,771,003 $19,002,879 $19,234,755 $19,405,940 $19,577,125 $5,274,507 $5,274,507 $5,274,507 $5,274,507 $5,274,507 $5,274,507O&MCoal-PlantPersonnel 2,100,000 2,100,000 2,100,000 2,100,000 2,100,000 1,400,000 1,400,000 1,400,000 1,400,000 1,400,000 1,400,000Equipment/Supplies 5,200,000 5,200,000 5,200,000 5,200,000 5,200,000 2,700,000 2,700,000 2,700,000 2,700,000 2,700,000 2,700,000Combustion Turbine $174,985 $177,372 $179,759 $181,521 $183,283 $31,078 $31,078 $31,078 $31,078 $31,078 $31,078PersonnelEquipment/SuppliesNuvista Administration $400,000 $400,000 $400,000 $400,000 $400,000 $200,000 $200,000 $200,000 $200,000 $200,000 $200,000 138 kV T-Line $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 +100KV DC Line $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Waste Heat Sales Offset $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Total O&M $8,066,985 $8,069,372 $8,071,759 $8,073,521 $8,075,283 $4,523,078 $4,523,078 $4,523,078 $4,523,078 $4,523,078 $4,523,078PCE Payments $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $033/22/2004 Donlin Creek Mine - 60 MW Average Load, 20 Year Mine LifeYear 2010 2015 2020 2025 2030 2035 2040 2045 2050 2055 2060Power CostsCapital Cost $/kWh5% $0.057 $0.056 $0.055 $0.054 $0.054 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000$100 M Grants, Bal. 5% $0.042 $0.042 $0.041 $0.041 $0.040 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000$150 M Grants, Bal. 5% $0.035 $0.035 $0.034 $0.034 $0.033 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000$200 M Grants, Bal. 5% $0.028 $0.028 $0.027 $0.027 $0.027 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000$250 M Grants, Bal. 5% $0.021 $0.021 $0.020 $0.020 $0.020 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000Fuel $/kWh $0.032 $0.032 $0.032 $0.031 $0.031 $0.054 $0.054 $0.054 $0.054 $0.054 $0.054 O&M $/kWh $0.014 $0.013 $0.013 $0.013 $0.013 $0.046 $0.046 $0.046 $0.046 $0.046 $0.046 Total $0.045 $0.045 $0.045 $0.045 $0.044 $0.100 $0.100 $0.100 $0.100 $0.100 $0.100 BreakEven Cost $/kWh5% $0.102 $0.101 $0.100 $0.099 $0.098 $0.100 $0.100 $0.100 $0.100 $0.100 $0.100 $100 M Grants, Bal. 5% $0.088 $0.087 $0.086 $0.085 $0.084 $0.100 $0.100 $0.100 $0.100 $0.100 $0.100 $150 M Grants, Bal. 5% $0.081 $0.080 $0.079 $0.078 $0.078 $0.100 $0.100 $0.100 $0.100 $0.100 $0.100 $200 M Grants, Bal. 5% $0.074 $0.073 $0.072 $0.072 $0.071 $0.100 $0.100 $0.100 $0.100 $0.100 $0.100 $250 M Grants, Bal. 5% $0.066 $0.066 $0.065 $0.065 $0.064 $0.100 $0.100 $0.100 $0.100 $0.100 $0.100 Wholesale Cost$/kWh5% 0.107 0.106 0.105 0.104 0.103 0.105 0.105 0.105 0.105 0.105 0.105$100 M Grants, Bal. 5% 0.093 0.092 0.091 0.090 0.089 0.105 0.105 0.105 0.105 0.105 0.105$150 M Grants, Bal. 5% 0.086 0.085 0.084 0.083 0.083 0.105 0.105 0.105 0.105 0.105 0.105$200 M Grants, Bal. 5% 0.079 0.078 0.077 0.077 0.076 0.105 0.105 0.105 0.105 0.105 0.105$250 M Grants, Bal. 5% 0.071 0.071 0.070 0.070 0.069 0.105 0.105 0.105 0.105 0.105 0.105Annual WholeSale Cost of Power5% $63,250,508 $63,532,503 $63,814,498 $64,022,684 $64,230,870 $10,287,735 $10,287,735 $10,287,735 $10,287,735 $10,287,735 $10,287,735$100 M Grants, Bal. 5% $54,825,037 $55,107,032 $55,389,026 $55,597,212 $55,805,398 $10,287,735 $10,287,735 $10,287,735 $10,287,735 $10,287,735 $10,287,735$150 M Grants, Bal. 5% $50,612,301 $50,894,296 $51,176,291 $51,384,476 $51,592,662 $10,287,735 $10,287,735 $10,287,735 $10,287,735 $10,287,735 $10,287,735$200 M Grants, Bal. 5% $46,399,565 $46,681,560 $46,963,555 $47,171,741 $47,379,927 $10,287,735 $10,287,735 $10,287,735 $10,287,735 $10,287,735 $10,287,735$250 M Grants, Bal. 5% $42,186,829 $42,468,824 $42,750,819 $42,959,005 $43,167,191 $10,287,735 $10,287,735 $10,287,735 $10,287,735 $10,287,735 $10,287,735Accumulated WholeSale Cost of Power5% 63,250,508 379,785,045 697,729,556 1,017,010,232 1,337,331,838 1,604,543,053 1,655,981,730 1,707,420,407 1,758,859,084 1,810,297,761 1,861,736,438$100 M Grants, Bal. 5% 54,825,037 329,232,215 605,049,367 882,202,685 1,160,396,933 1,393,906,261 1,445,344,938 1,496,783,616 1,548,222,293 1,599,660,970 1,651,099,647$150 M Grants, Bal. 5% 50,612,301 303,955,800 558,709,273 814,798,912 1,071,929,481 1,288,587,866 1,340,026,543 1,391,465,220 1,442,903,897 1,494,342,574 1,545,781,251$200 M Grants, Bal. 5% 46,399,565 278,679,385 512,369,179 747,395,139 983,462,028 1,183,269,470 1,234,708,147 1,286,146,824 1,337,585,501 1,389,024,178 1,440,462,856$250 M Grants, Bal. 5% 42,186,829 253,402,970 466,029,085 679,991,366 894,994,576 1,077,951,074 1,129,389,751 1,180,828,429 1,232,267,106 1,283,705,783 1,335,144,460Annual Net Income 2,952,208 2,999,940 3,047,673 3,082,912 3,118,151 490,151 490,151 490,151 490,151 490,151 490,151Accumulated Net Income 2,952,208 17,760,981 35,808,357 54,129,633 72,662,342 88,743,247 91,684,152 94,625,056 97,565,961 100,506,866 103,447,770Mine 20 yearPower cost5% $1,126,088,188$100 M Grants, Bal. 5% $976,084,269$150 M Grants, Bal. 5% $901,082,310$200 M Grants, Bal. 5% $826,080,350$250 M Grants, Bal. 5% $751,078,39143/22/2004 Donlin Creek Mine - 60 MW Average Load, 20 Year Mine LifeLuscar Coal Valley Mine 97 MW Barge Mounted Coal Plant Bethel +46 MW Combustion Turbine + 138 KV T-Line to mine, No Waste Heat SalesBethel+8 villagesYear 2010 2015 2020 2025 2030 2035 2040 2045 2050 2055 20601. Power RequirementsKWs Peak DemandDonlin Gold Mine 70,000 70,000 70,000 70,000 70,000 0 00000Villages 2,281 2,630 2,980 3,123 3,266 3,350 3,433 3,433 3,433 3,433 3,433Bethel 9,580 10,995 12,410 13,407 14,403 14,403 14,403 14,403 14,403 14,403 14,403Line Loss 5,000 5,000 5,000 5,000 5,000 500 500 500 500 500 500In Plant Use 7,500 7,500 7,500 7,500 7,500 2,500 2,500 2,500 2,500 2,500 2,500Total KW 94,361 96,125 97,890 99,029 100,169 20,753 20,836 20,836 20,836 20,836 20,836KWHsDonlin Gold Mine 525,600,000 525,600,000 525,600,000 525,600,000 525,600,000 0 00000Villages 10,295,423 11,782,606 13,269,790 14,645,290 16,020,790 16,020,790 16,020,790 16,020,790 16,020,790 16,020,790 16,020,790Bethel 54,546,206 62,605,493 70,664,781 76,337,072 82,009,364 82,009,364 82,009,364 82,009,364 82,009,364 82,009,364 82,009,364Total KWH Sales 590,441,628 599,988,100 609,534,571 616,582,362 623,630,154 98,030,154 98,030,154 98,030,154 98,030,154 98,030,154 98,030,154T-Line losses 43,800,000 43,800,000 43,800,000 43,800,000 43,800,000 4,380,000 4,380,000 4,380,000 4,380,000 4,380,000 4,380,000In Plant Use 65,700,000 65,700,000 65,700,000 65,700,000 65,700,000 21,900,000 21,900,000 21,900,000 21,900,000 21,900,000 21,900,000Total kWh Generated 699,941,628 709,488,100 719,034,571 726,082,362 733,130,154 124,310,154 124,310,154 124,310,154 124,310,154 124,310,154 124,310,154 Generation Capacity KWs CFB Coal Plant 97,000 97,000 97,000 97,000 97,000 97,000 97,000 97,000 97,000 97,000 97,000Combustion Turbine Bethel 46,000 46,000 46,000 46,000 46,000 46,000 46,000 46,000 46,000 46,000 46,000CCK00000000000 Mine00000000000Bethel Utilities Plant00000000000Total Capacity in KWs 143,000 143,000 143,000 143,000 143,000 143,000 143,000 143,000 143,000 143,000 143,000Generation KWHsCoal Plant 682,443,088 691,750,897 701,058,707 707,930,303 714,801,900 121,202,400 121,202,400 121,202,400 121,202,400 121,202,400 121,202,400Combustion Turbine Bethel 17,498,541 17,737,202 17,975,864 18,152,059 18,328,254 3,107,754 3,107,754 3,107,754 3,107,754 3,107,754 3,107,754CCK00000000000 Mine 00000000000Purchased Power000000000002. Capital Cost(1)Plant CostsCoal Plant $/kW $1,990 $1,990 $1,990 $1,990 $1,990 $1,990 $1,990 $1,990 $1,990 $1,990 $1,990Combustion Turbine $/kW Bethel $370 $370 $370 $370 $370 $370 $370 $370 $370 $370 $370CCK Mine Bethel Utilities Plant138 kV T-Line/Mile $680,900 $680,900 $680,900 $680,900 $680,900 $0 $0 $0 $0 $0 $013/22/2004 Donlin Creek Mine - 60 MW Average Load, 20 Year Mine LifeYear 2010 2015 2020 2025 2030 2035 2040 2045 2050 2055 2060Plant Costs $Coal Plant $193,030,000 $193,030,000 $193,030,000 $193,030,000 $193,030,000 $0 $0 $0 $0 $0 $0Combustion Turbine Bethel $17,020,000 $17,020,000 $17,020,000 $17,020,000 $17,020,000 $0 $0 $0 $0 $0 $0CCK Mine $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Bethel Utilities PlantTotal $210,050,000 $210,050,000 $210,050,000 $210,050,000 $210,050,000 $0 $0 $0 $0 $0 $0138 kV T-Line @ 192 miles $130,732,800 $130,732,800 $130,732,800 $130,732,800 $130,732,800 $0 $0 $0 $0 $0 $0Bethel Diesel Plant $500,000 $500,000 $500,000 $500,000 $500,000 $0 $0 $0 $0 $0 $0138 kV Substations $4,100,000 $4,100,000 $4,100,000 $4,100,000 $4,100,000 $0 $0 $0 $0 $0 $0Village Sub.+ Dist. Lines $7,245,000 $7,245,000 $7,245,000 $7,245,000 $7,245,000 $0 $0 $0 $0 $0 $0 +100 kV DC Line @ 385 miles $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Total $142,577,800 $142,577,800 $142,577,800 $142,577,800 $142,577,800 $0 $0 $0 $0 $0 $0Tug + 3 Barges $11,600,000 $11,600,000 $11,600,000 $11,600,000 $11,600,000 $0 $0 $0 $0 $0 $0Enviormental Studies $6,000,000 $6,000,000 $6,000,000 $6,000,000 $6,000,000 $0 $0 $0 $0 $0 $0Fuel Storage Gallons Bethel 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000CCK00000000000 Mine00000000000Fuel Storage Costs $/Gallon Bethel $1.37 $1.37 $1.37 $1.37 $1.37 $1.37 $1.37 $1.37 $1.37 $1.37 $1.37CCK MineFuel Storage Costs Bethel $4,110,000 $4,110,000 $4,110,000 $4,110,000 $4,110,000 $0 $0 $0 $0 $0 $0CCK $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Mine $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Total Fuel Oil Storage $4,110,000 $4,110,000 $4,110,000 $4,110,000 $4,110,000 $0 $0 $0 $0 $0 $0District Heating System $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0SubTotal Capital Costs $374,337,800 $374,337,800 $374,337,800 $374,337,800 $374,337,800 $0 $0 $0 $0 $0 $0Interest During Constuction5% $18,716,890 $18,716,890 $18,716,890 $18,716,890 $18,716,890 $0 $0 $0 $0 $0 $0$100 M Grants, Bal. 5% $13,716,890 $13,716,890 $13,716,890 $13,716,890 $13,716,890 $0 $0 $0 $0 $0 $0$150 M Grants, Bal. 5% $11,216,890 $11,216,890 $11,216,890 $11,216,890 $11,216,890 $0 $0 $0 $0 $0 $0$200 M Grants, Bal. 5% $8,716,890 $8,716,890 $8,716,890 $8,716,890 $8,716,890 $0 $0 $0 $0 $0 $0$250 M Grants, Bal. 5% $6,216,890 $6,216,890 $6,216,890 $6,216,890 $6,216,890 $0 $0 $0 $0 $0 $0Total Capital Cost5% $393,054,690 $393,054,690 $393,054,690 $393,054,690 $393,054,690 $0 $0 $0 $0 $0 $0$100 M Grants, Bal. 5% $288,054,690 $288,054,690 $288,054,690 $288,054,690 $288,054,690 $0 $0 $0 $0 $0 $0$150 M Grants, Bal. 5% $235,554,690 $235,554,690 $235,554,690 $235,554,690 $235,554,690 $0 $0 $0 $0 $0 $0$200 M Grants, Bal. 5% $183,054,690 $183,054,690 $183,054,690 $183,054,690 $183,054,690 $0 $0 $0 $0 $0 $0$250 M Grants, Bal. 5% $130,554,690 $130,554,690 $130,554,690 $130,554,690 $130,554,690 $0 $0 $0 $0 $0 $023/22/2004 Donlin Creek Mine - 60 MW Average Load, 20 Year Mine LifeYear 2010 2015 2020 2025 2030 2035 2040 2045 2050 2055 2060 3. ExpensesAnnual Debt Service5% $31,539,725 $31,539,725 $31,539,725 $31,539,725 $31,539,725 $0 $0 $0 $0 $0 $0$100 M Grants, Bal. 5% $23,114,254 $23,114,254 $23,114,254 $23,114,254 $23,114,254 $0 $0 $0 $0 $0 $0$150 M Grants, Bal. 5% $18,901,518 $18,901,518 $18,901,518 $18,901,518 $18,901,518 $0 $0 $0 $0 $0 $0$200 M Grants, Bal. 5% $14,688,782 $14,688,782 $14,688,782 $14,688,782 $14,688,782 $0 $0 $0 $0 $0 $0$250 M Grants, Bal. 5% $10,476,046 $10,476,046 $10,476,046 $10,476,046 $10,476,046 $0 $0 $0 $0 $0 $0O&M CostsAnnual Fuel RequirementsCoal Tons 346,258 350,981 355,703 359,190 362,676 76,593 76,593 76,593 76,593 76,593 76,593 #1 Fuel Oil GallonsBethel 1,311,429 1,329,316 1,347,202 1,360,407 1,373,612 232,911 232,911 232,911 232,911 232,911 232,911CCKMine00000000000Coal $/Ton $43.25 $43.25 $43.25 $43.25 $43.25 $58.00 $58.00 $58.00 $58.00 $58.00 $58.00 #1 Fuel Oil $/GallonsBethel $1.20 $1.20 $1.20 $1.20 $1.20 $1.20 $1.20 $1.20 $1.20 $1.20 $1.20CCKMineAnnual Fuel CostsCoal $14,975,660 $15,179,912 $15,384,164 $15,534,956 $15,685,747 $4,442,405 $4,442,405 $4,442,405 $4,442,405 $4,442,405 $4,442,405 #1 Fuel OilBethel $1,573,715 $1,595,179 $1,616,643 $1,632,488 $1,648,334 $279,493 $279,493 $279,493 $279,493 $279,493 $279,493CCK $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Mine $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Annual Interest Fuel Supply Loan$451,629$457,789$463,948$468,496$473,043$128,860$128,860$128,860$128,860$128,860$128,860 O&M Tug + Barges $1,770,000 $1,770,000 $1,770,000 $1,770,000 $1,770,000 $423,750 $423,750 $423,750 $423,750 $423,750 $423,750 Purchased PwrDemand Charge $/KWEnergy Charge $/kwhCost of Purchased Pwr $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Total $18,771,003 $19,002,879 $19,234,755 $19,405,940 $19,577,125 $5,274,507 $5,274,507 $5,274,507 $5,274,507 $5,274,507 $5,274,507O&MCoal-PlantPersonnel 2,100,000 2,100,000 2,100,000 2,100,000 2,100,000 1,400,000 1,400,000 1,400,000 1,400,000 1,400,000 1,400,000Equipment/Supplies 5,200,000 5,200,000 5,200,000 5,200,000 5,200,000 2,700,000 2,700,000 2,700,000 2,700,000 2,700,000 2,700,000Combustion Turbine $174,985 $177,372 $179,759 $181,521 $183,283 $31,078 $31,078 $31,078 $31,078 $31,078 $31,078PersonnelEquipment/SuppliesNuvista Administration $400,000 $400,000 $400,000 $400,000 $400,000 $200,000 $200,000 $200,000 $200,000 $200,000 $200,000 138 kV T-Line $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 +100KV DC Line $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Waste Heat Sales Offset $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Total O&M $8,066,985 $8,069,372 $8,071,759 $8,073,521 $8,075,283 $4,523,078 $4,523,078 $4,523,078 $4,523,078 $4,523,078 $4,523,078PCE Payments $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $033/22/2004 Donlin Creek Mine - 60 MW Average Load, 20 Year Mine LifeYear 2010 2015 2020 2025 2030 2035 2040 2045 2050 2055 2060Power CostsCapital Cost $/kWh5% $0.053 $0.053 $0.052 $0.051 $0.051 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000$100 M Grants, Bal. 5% $0.039 $0.039 $0.038 $0.037 $0.037 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000$150 M Grants, Bal. 5% $0.032 $0.032 $0.031 $0.031 $0.030 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000$200 M Grants, Bal. 5% $0.025 $0.024 $0.024 $0.024 $0.024 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000$250 M Grants, Bal. 5% $0.018 $0.017 $0.017 $0.017 $0.017 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000Fuel $/kWh $0.032 $0.032 $0.032 $0.031 $0.031 $0.054 $0.054 $0.054 $0.054 $0.054 $0.054 O&M $/kWh $0.014 $0.013 $0.013 $0.013 $0.013 $0.046 $0.046 $0.046 $0.046 $0.046 $0.046 Total $0.045 $0.045 $0.045 $0.045 $0.044 $0.100 $0.100 $0.100 $0.100 $0.100 $0.100 BreakEven Cost $/kWh5% $0.099 $0.098 $0.097 $0.096 $0.095 $0.100 $0.100 $0.100 $0.100 $0.100 $0.100 $100 M Grants, Bal. 5% $0.085 $0.084 $0.083 $0.082 $0.081 $0.100 $0.100 $0.100 $0.100 $0.100 $0.100 $150 M Grants, Bal. 5% $0.077 $0.077 $0.076 $0.075 $0.075 $0.100 $0.100 $0.100 $0.100 $0.100 $0.100 $200 M Grants, Bal. 5% $0.070 $0.070 $0.069 $0.068 $0.068 $0.100 $0.100 $0.100 $0.100 $0.100 $0.100 $250 M Grants, Bal. 5% $0.063 $0.063 $0.062 $0.062 $0.061 $0.100 $0.100 $0.100 $0.100 $0.100 $0.100 Wholesale Cost$/kWh5% 0.104 0.103 0.102 0.101 0.100 0.105 0.105 0.105 0.105 0.105 0.105$100 M Grants, Bal. 5% 0.090 0.089 0.088 0.087 0.086 0.105 0.105 0.105 0.105 0.105 0.105$150 M Grants, Bal. 5% 0.082 0.082 0.081 0.080 0.080 0.105 0.105 0.105 0.105 0.105 0.105$200 M Grants, Bal. 5% 0.075 0.075 0.074 0.073 0.073 0.105 0.105 0.105 0.105 0.105 0.105$250 M Grants, Bal. 5% 0.068 0.068 0.067 0.067 0.066 0.105 0.105 0.105 0.105 0.105 0.105Annual WholeSale Cost of Power5% $61,329,922 $61,611,917 $61,893,912 $62,102,098 $62,310,284 $10,287,735 $10,287,735 $10,287,735 $10,287,735 $10,287,735 $10,287,735$100 M Grants, Bal. 5% $52,904,450 $53,186,445 $53,468,440 $53,676,626 $53,884,812 $10,287,735 $10,287,735 $10,287,735 $10,287,735 $10,287,735 $10,287,735$150 M Grants, Bal. 5% $48,691,715 $48,973,709 $49,255,704 $49,463,890 $49,672,076 $10,287,735 $10,287,735 $10,287,735 $10,287,735 $10,287,735 $10,287,735$200 M Grants, Bal. 5% $44,478,979 $44,760,974 $45,042,968 $45,251,154 $45,459,340 $10,287,735 $10,287,735 $10,287,735 $10,287,735 $10,287,735 $10,287,735$250 M Grants, Bal. 5% $40,266,243 $40,548,238 $40,830,233 $41,038,419 $41,246,605 $10,287,735 $10,287,735 $10,287,735 $10,287,735 $10,287,735 $10,287,735Accumulated WholeSale Cost of Power5% 61,329,922 368,261,527 676,603,107 986,280,852 1,296,999,526 1,556,528,396 1,607,967,073 1,659,405,750 1,710,844,428 1,762,283,105 1,813,721,782$100 M Grants, Bal. 5% 52,904,450 317,708,697 583,922,919 851,473,305 1,120,064,621 1,345,891,605 1,397,330,282 1,448,768,959 1,500,207,636 1,551,646,313 1,603,084,990$150 M Grants, Bal. 5% 48,691,715 292,432,282 537,582,824 784,069,532 1,031,597,169 1,240,573,209 1,292,011,886 1,343,450,563 1,394,889,240 1,446,327,918 1,497,766,595$200 M Grants, Bal. 5% 44,478,979 267,155,867 491,242,730 716,665,759 943,129,717 1,135,254,813 1,186,693,490 1,238,132,168 1,289,570,845 1,341,009,522 1,392,448,199$250 M Grants, Bal. 5% 40,266,243 241,879,452 444,902,636 649,261,985 854,662,264 1,029,936,418 1,081,375,095 1,132,813,772 1,184,252,449 1,235,691,126 1,287,129,803Annual Net Income 2,952,208 2,999,940 3,047,673 3,082,912 3,118,151 490,151 490,151 490,151 490,151 490,151 490,151Accumulated Net Income 2,952,208 17,760,981 35,808,357 54,129,633 72,662,342 88,743,247 91,684,152 94,625,056 97,565,961 100,506,866 103,447,770Mine 20 yearPower cost5% $1,091,894,795$100 M Grants, Bal. 5% $941,890,876$150 M Grants, Bal. 5% $866,888,917$200 M Grants, Bal. 5% $791,886,957$250 M Grants, Bal. 5% $716,884,99843/22/2004 Donlin Creek Mine - 60 MW Average Load, 20 Year Mine LifeLuscar Coal Valley Mine 80 MW Barge Mounted Coal Plant Bethel +46 MW Combustion Turbine + 138 KV T-Line to mine, No Waste Heat SalesBethel+8 villagesYear 2010 2015 2020 2025 2030 2035 2040 2045 2050 2055 20601. Power RequirementsKWs Peak DemandDonlin Gold Mine 70,000 70,000 70,000 70,000 70,0000000 00Villages 2,281 2,630 2,980 3,123 3,266 3,350 3,433 3,433 3,433 3,433 3,433Bethel 9,580 10,995 12,410 13,407 14,403 14,403 14,403 14,403 14,403 14,403 14,403Line Loss 5,000 5,000 5,000 5,000 5,000 500 500 500 500 500 500In Plant Use 7,500 7,500 7,500 7,500 7,500 2,500 2,500 2,500 2,500 2,500 2,500Total KW 94,361 96,125 97,890 99,029 100,169 20,753 20,836 20,836 20,836 20,836 20,836KWHsDonlin Gold Mine 525,600,000 525,600,000 525,600,000 525,600,000 525,600,0000000 00Villages 10,295,423 11,782,606 13,269,790 14,645,290 16,020,790 16,020,790 16,020,790 16,020,790 16,020,790 16,020,790 16,020,790Bethel 54,546,206 62,605,493 70,664,781 76,337,072 82,009,364 82,009,364 82,009,364 82,009,364 82,009,364 82,009,364 82,009,364Total KWH Sales 590,441,628 599,988,100 609,534,571 616,582,362 623,630,154 98,030,154 98,030,154 98,030,154 98,030,154 98,030,154 98,030,154T-Line losses 43,800,000 43,800,000 43,800,000 43,800,000 43,800,000 4,380,000 4,380,000 4,380,000 4,380,000 4,380,000 4,380,000In Plant Use 65,700,000 65,700,000 65,700,000 65,700,000 65,700,000 21,900,000 21,900,000 21,900,000 21,900,000 21,900,000 21,900,000Total kWh Generated 699,941,628 709,488,100 719,034,571 726,082,362 733,130,154 124,310,154 124,310,154 124,310,154 124,310,154 124,310,154 124,310,154 Generation Capacity KWs CFB Coal Plant 80,000 80,000 80,000 80,000 80,000 80,000 80,000 80,000 80,000 80,000 80,000Combustion Turbine Bethel 25,000 25,000 25,000 25,000 25,000 25,000 25,000 25,000 25,000 25,000 25,000CCK 000000000 00 Mine000000000 00Bethel Utilities Plant 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000Total Capacity in KWs 115,000 115,000 115,000 115,000 115,000 115,000 115,000 115,000 115,000 115,000 115,000Generation KWHsCoal Plant 682,443,088 691,750,897 701,058,707 707,930,303 714,801,900 121,202,400 121,202,400 121,202,400 121,202,400 121,202,400 121,202,400Combustion Turbine Bethel 17,498,541 17,737,202 17,975,864 18,152,059 18,328,254 3,107,754 3,107,754 3,107,754 3,107,754 3,107,754 3,107,754CCK 000000000 00 Mine 000000000 00Purchased Power000000000 002. Capital Cost(1)Plant CostsCoal Plant $/kW $2,240 $2,240 $2,240 $2,240 $2,240 $2,240 $2,240 $2,240 $2,240 $2,240 $2,240Combustion Turbine $/kW Bethel $370 $370 $370 $370 $370 $370 $370 $370 $370 $370 $370CCK Mine Bethel Utilities Plant $250 $250 $250 $250 $250 $250 $250 $250 $250 $250 $250138 kV T-Line/Mile $680,900 $680,900 $680,900 $680,900 $680,900 $0 $0 $0 $0 $0 $013/22/2004 Donlin Creek Mine - 60 MW Average Load, 20 Year Mine LifeYear 2010 2015 2020 2025 2030 2035 2040 2045 2050 2055 2060Plant Costs $Coal Plant $179,200,000 $179,200,000 $179,200,000 $179,200,000 $179,200,000 $0 $0 $0 $0 $0 $0Combustion Turbine Bethel $9,250,000 $9,250,000 $9,250,000 $9,250,000 $9,250,000 $0 $0 $0 $0 $0 $0CCK Mine $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Bethel Utilities Plant $2,500,000 $2,500,000 $2,500,000 $2,500,000 $2,500,000Total $190,950,000 $190,950,000 $190,950,000 $190,950,000 $190,950,000 $0 $0 $0 $0 $0 $0138 kV T-Line @ 192 miles $130,732,800 $130,732,800 $130,732,800 $130,732,800 $130,732,800 $0 $0 $0 $0 $0 $0Bethel Diesel Plant $500,000 $500,000 $500,000 $500,000 $500,000 $0 $0 $0 $0 $0 $0138 kV Substations $4,100,000 $4,100,000 $4,100,000 $4,100,000 $4,100,000 $0 $0 $0 $0 $0 $0Village Sub.+ Dist. Lines $7,245,000 $7,245,000 $7,245,000 $7,245,000 $7,245,000 $0 $0 $0 $0 $0 $0 +100 kV DC Line @ 385 miles $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Total $142,577,800 $142,577,800 $142,577,800 $142,577,800 $142,577,800 $0 $0 $0 $0 $0 $0Tug + 3 Barges $11,600,000 $11,600,000 $11,600,000 $11,600,000 $11,600,000 $0 $0 $0 $0 $0 $0Enviormental Studies $6,000,000 $6,000,000 $6,000,000 $6,000,000 $6,000,000 $0 $0 $0 $0 $0 $0Fuel Storage Gallons Bethel 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000CCK 000000000 00 Mine000000000 00Fuel Storage Costs $/Gallon Bethel $1.37 $1.37 $1.37 $1.37 $1.37 $1.37 $1.37 $1.37 $1.37 $1.37 $1.37CCK MineFuel Storage Costs Bethel $4,110,000 $4,110,000 $4,110,000 $4,110,000 $4,110,000 $0 $0 $0 $0 $0 $0CCK $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Mine $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Total Fuel Oil Storage $4,110,000 $4,110,000 $4,110,000 $4,110,000 $4,110,000 $0 $0 $0 $0 $0 $0District Heating System $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0SubTotal Capital Costs $355,237,800 $355,237,800 $355,237,800 $355,237,800 $355,237,800 $0 $0 $0 $0 $0 $0Interest During Constuction5% $17,761,890 $17,761,890 $17,761,890 $17,761,890 $17,761,890 $0 $0 $0 $0 $0 $0$100 M Grants, Bal. 5% $12,761,890 $12,761,890 $12,761,890 $12,761,890 $12,761,890 $0 $0 $0 $0 $0 $0$150 M Grants, Bal. 5% $10,261,890 $10,261,890 $10,261,890 $10,261,890 $10,261,890 $0 $0 $0 $0 $0 $0$200 M Grants, Bal. 5% $7,761,890 $7,761,890 $7,761,890 $7,761,890 $7,761,890 $0 $0 $0 $0 $0 $0$250 M Grants, Bal. 5% $5,261,890 $5,261,890 $5,261,890 $5,261,890 $5,261,890 $0 $0 $0 $0 $0 $0Total Capital Cost5% $372,999,690 $372,999,690 $372,999,690 $372,999,690 $372,999,690 $0 $0 $0 $0 $0 $0$100 M Grants, Bal. 5% $267,999,690 $267,999,690 $267,999,690 $267,999,690 $267,999,690 $0 $0 $0 $0 $0 $0$150 M Grants, Bal. 5% $215,499,690 $215,499,690 $215,499,690 $215,499,690 $215,499,690 $0 $0 $0 $0 $0 $0$200 M Grants, Bal. 5% $162,999,690 $162,999,690 $162,999,690 $162,999,690 $162,999,690 $0 $0 $0 $0 $0 $0$250 M Grants, Bal. 5% $110,499,690 $110,499,690 $110,499,690 $110,499,690 $110,499,690 $0 $0 $0 $0 $0 $023/22/2004 Donlin Creek Mine - 60 MW Average Load, 20 Year Mine LifeYear 2010 2015 2020 2025 2030 2035 2040 2045 2050 2055 2060 3. ExpensesAnnual Debt Service5% $29,930,460 $29,930,460 $29,930,460 $29,930,460 $29,930,460 $0 $0 $0 $0 $0 $0$100 M Grants, Bal. 5% $21,504,988 $21,504,988 $21,504,988 $21,504,988 $21,504,988 $0 $0 $0 $0 $0 $0$150 M Grants, Bal. 5% $17,292,253 $17,292,253 $17,292,253 $17,292,253 $17,292,253 $0 $0 $0 $0 $0 $0$200 M Grants, Bal. 5% $13,079,517 $13,079,517 $13,079,517 $13,079,517 $13,079,517 $0 $0 $0 $0 $0 $0$250 M Grants, Bal. 5% $8,866,781 $8,866,781 $8,866,781 $8,866,781 $8,866,781 $0 $0 $0 $0 $0 $0O&M CostsAnnual Fuel RequirementsCoal Tons 346,258 350,981 355,703 359,190 362,676 76,593 76,593 76,593 76,593 76,593 76,593 #1 Fuel Oil GallonsBethel 1,311,429 1,329,316 1,347,202 1,360,407 1,373,612 232,911 232,911 232,911 232,911 232,911 232,911CCKMine000000000 00Coal $/Ton $43.25 $43.25 $43.25 $43.25 $43.25 $58.00 $58.00 $58.00 $58.00 $58.00 $58.00 #1 Fuel Oil $/GallonsBethel $1.20 $1.20 $1.20 $1.20 $1.20 $1.20 $1.20 $1.20 $1.20 $1.20 $1.20CCKMineAnnual Fuel CostsCoal $14,975,660 $15,179,912 $15,384,164 $15,534,956 $15,685,747 $4,442,405 $4,442,405 $4,442,405 $4,442,405 $4,442,405 $4,442,405 #1 Fuel OilBethel $1,573,715 $1,595,179 $1,616,643 $1,632,488 $1,648,334 $279,493 $279,493 $279,493 $279,493 $279,493 $279,493CCK $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Mine $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Annual Interest Fuel Supply Loan$451,629$457,789$463,948$468,496$473,043$128,860$128,860$128,860$128,860$128,860$128,860 O&M Tug + Barges $1,770,000 $1,770,000 $1,770,000 $1,770,000 $1,770,000 $423,750 $423,750 $423,750 $423,750 $423,750 $423,750 Purchased PwrDemand Charge $/KWEnergy Charge $/kwhCost of Purchased Pwr $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Total $18,771,003 $19,002,879 $19,234,755 $19,405,940 $19,577,125 $5,274,507 $5,274,507 $5,274,507 $5,274,507 $5,274,507 $5,274,507O&MCoal-PlantPersonnel 2,100,000 2,100,000 2,100,000 2,100,000 2,100,000 1,400,000 1,400,000 1,400,000 1,400,000 1,400,000 1,400,000Equipment/Supplies 5,200,000 5,200,000 5,200,000 5,200,000 5,200,000 2,700,000 2,700,000 2,700,000 2,700,000 2,700,000 2,700,000Combustion Turbine $174,985 $177,372 $179,759 $181,521 $183,283 $31,078 $31,078 $31,078 $31,078 $31,078 $31,078PersonnelEquipment/SuppliesNuvista Administration $400,000 $400,000 $400,000 $400,000 $400,000 $200,000 $200,000 $200,000 $200,000 $200,000 $200,000 138 kV T-Line $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 +100KV DC Line $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Waste Heat Sales Offset $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Total O&M $8,066,985 $8,069,372 $8,071,759 $8,073,521 $8,075,283 $4,523,078 $4,523,078 $4,523,078 $4,523,078 $4,523,078 $4,523,078PCE Payments $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $033/22/2004 Donlin Creek Mine - 60 MW Average Load, 20 Year Mine LifeYear 2010 2015 2020 2025 2030 2035 2040 2045 2050 2055 2060Power CostsCapital Cost $/kWh5% $0.051 $0.050 $0.049 $0.049 $0.048 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000$100 M Grants, Bal. 5% $0.036 $0.036 $0.035 $0.035 $0.034 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000$150 M Grants, Bal. 5% $0.029 $0.029 $0.028 $0.028 $0.028 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000$200 M Grants, Bal. 5% $0.022 $0.022 $0.021 $0.021 $0.021 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000$250 M Grants, Bal. 5% $0.015 $0.015 $0.015 $0.014 $0.014 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000Fuel $/kWh $0.032 $0.032 $0.032 $0.031 $0.031 $0.054 $0.054 $0.054 $0.054 $0.054 $0.054 O&M $/kWh $0.014 $0.013 $0.013 $0.013 $0.013 $0.046 $0.046 $0.046 $0.046 $0.046 $0.046 Total $0.045 $0.045 $0.045 $0.045 $0.044 $0.100 $0.100 $0.100 $0.100 $0.100 $0.100 BreakEven Cost $/kWh5% $0.096 $0.095 $0.094 $0.093 $0.092 $0.100 $0.100 $0.100 $0.100 $0.100 $0.100 $100 M Grants, Bal. 5% $0.082 $0.081 $0.080 $0.079 $0.079 $0.100 $0.100 $0.100 $0.100 $0.100 $0.100 $150 M Grants, Bal. 5% $0.075 $0.074 $0.073 $0.073 $0.072 $0.100 $0.100 $0.100 $0.100 $0.100 $0.100 $200 M Grants, Bal. 5% $0.068 $0.067 $0.066 $0.066 $0.065 $0.100 $0.100 $0.100 $0.100 $0.100 $0.100 $250 M Grants, Bal. 5% $0.060 $0.060 $0.059 $0.059 $0.059 $0.100 $0.100 $0.100 $0.100 $0.100 $0.100 Wholesale Cost$/kWh5% 0.101 0.100 0.099 0.098 0.097 0.105 0.105 0.105 0.105 0.105 0.105$100 M Grants, Bal. 5% 0.087 0.086 0.085 0.084 0.084 0.105 0.105 0.105 0.105 0.105 0.105$150 M Grants, Bal. 5% 0.080 0.079 0.078 0.078 0.077 0.105 0.105 0.105 0.105 0.105 0.105$200 M Grants, Bal. 5% 0.073 0.072 0.071 0.071 0.070 0.105 0.105 0.105 0.105 0.105 0.105$250 M Grants, Bal. 5% 0.065 0.065 0.064 0.064 0.064 0.105 0.105 0.105 0.105 0.105 0.105Annual WholeSale Cost of Power5% $59,720,657 $60,002,652 $60,284,647 $60,492,833 $60,701,019 $10,287,735 $10,287,735 $10,287,735 $10,287,735 $10,287,735 $10,287,735$100 M Grants, Bal. 5% $51,295,185 $51,577,180 $51,859,175 $52,067,361 $52,275,547 $10,287,735 $10,287,735 $10,287,735 $10,287,735 $10,287,735 $10,287,735$150 M Grants, Bal. 5% $47,082,449 $47,364,444 $47,646,439 $47,854,625 $48,062,811 $10,287,735 $10,287,735 $10,287,735 $10,287,735 $10,287,735 $10,287,735$200 M Grants, Bal. 5% $42,869,714 $43,151,709 $43,433,703 $43,641,889 $43,850,075 $10,287,735 $10,287,735 $10,287,735 $10,287,735 $10,287,735 $10,287,735$250 M Grants, Bal. 5% $38,656,978 $38,938,973 $39,220,968 $39,429,153 $39,637,339 $10,287,735 $10,287,735 $10,287,735 $10,287,735 $10,287,735 $10,287,735Accumulated WholeSale Cost of Power5% 59,720,657 358,605,937 658,901,191 960,532,610 1,263,204,959 1,516,296,769 1,567,735,446 1,619,174,123 1,670,612,800 1,722,051,477 1,773,490,155$100 M Grants, Bal. 5% 51,295,185 308,053,107 566,221,003 825,725,064 1,086,270,055 1,305,659,978 1,357,098,655 1,408,537,332 1,459,976,009 1,511,414,686 1,562,853,363$150 M Grants, Bal. 5% 47,082,449 282,776,692 519,880,908 758,321,291 997,802,602 1,200,341,582 1,251,780,259 1,303,218,936 1,354,657,613 1,406,096,290 1,457,534,968$200 M Grants, Bal. 5% 42,869,714 257,500,277 473,540,814 690,917,517 909,335,150 1,095,023,186 1,146,461,863 1,197,900,540 1,249,339,218 1,300,777,895 1,352,216,572$250 M Grants, Bal. 5% 38,656,978 232,223,862 427,200,720 623,513,744 820,867,697 989,704,791 1,041,143,468 1,092,582,145 1,144,020,822 1,195,459,499 1,246,898,176Annual Net Income 2,952,208 2,999,940 3,047,673 3,082,912 3,118,151 490,151 490,151 490,151 490,151 490,151 490,151Accumulated Net Income 2,952,208 17,760,981 35,808,357 54,129,633 72,662,342 88,743,247 91,684,152 94,625,056 97,565,961 100,506,866 103,447,770Mine 20 yearPower cost5% $1,063,244,046$100 M Grants, Bal. 5% $913,240,127$150 M Grants, Bal. 5% $838,238,168$200 M Grants, Bal. 5% $763,236,209$250 M Grants, Bal. 5% $688,234,24943/22/2004 Donlin Creek Mine - 60 MW Average Load, 20 Year Mine LifeUsibelli Coal 97 MW Barge Mounted Coal Plant Bethel +46 MW Combustion Turbine + 138 KV T-Line to mine, No Waste Heat SalesBethel+8 villagesYear 2010 2015 2020 2025 2030 2035 2040 2045 2050 2055 20601. Power RequirementsKWs Peak DemandDonlin Gold Mine 70,000 70,000 70,000 70,000 70,000000000Villages 2,281 2,630 2,980 3,123 3,266 3,350 3,433 3,433 3,433 3,433 3,433Bethel 9,580 10,995 12,410 13,407 14,403 14,403 14,403 14,403 14,403 14,403 14,403Line Loss 5,000 5,000 5,000 5,000 5,000 500 500 500 500 500 500In Plant Use 7,500 7,500 7,500 7,500 7,500 2,500 2,500 2,500 2,500 2,500 2,500Total KW 94,361 96,125 97,890 99,029 100,169 20,753 20,836 20,836 20,836 20,836 20,836KWHsDonlin Gold Mine 525,600,000 525,600,000 525,600,000 525,600,000 525,600,000000000Villages 10,295,423 11,782,606 13,269,790 14,645,290 16,020,790 16,020,790 16,020,790 16,020,790 16,020,790 16,020,790 16,020,790Bethel 54,546,206 62,605,493 70,664,781 76,337,072 82,009,364 82,009,364 82,009,364 82,009,364 82,009,364 82,009,364 82,009,364Total KWH Sales 590,441,628 599,988,100 609,534,571 616,582,362 623,630,154 98,030,154 98,030,154 98,030,154 98,030,154 98,030,154 98,030,154T-Line losses 43,800,000 43,800,000 43,800,000 43,800,000 43,800,000 4,380,000 4,380,000 4,380,000 4,380,000 4,380,000 4,380,000In Plant Use 65,700,000 65,700,000 65,700,000 65,700,000 65,700,000 21,900,000 21,900,000 21,900,000 21,900,000 21,900,000 21,900,000Total kWh Generated 699,941,628 709,488,100 719,034,571 726,082,362 733,130,154 124,310,154 124,310,154 124,310,154 124,310,154 124,310,154 124,310,154 Generation Capacity KWs CFB Coal Plant 97,000 97,000 97,000 97,000 97,000 97,000 97,000 97,000 97,000 97,000 97,000Combustion Turbine Bethel 46,000 46,000 46,000 46,000 46,000 46,000 46,000 46,000 46,000 46,000 46,000CCK 0 0 0 0 0000000 Mine 0 0 0 0 0000000Bethel Utilities Plant 0 0 0 0 0000000Total Capacity in KWs 143,000 143,000 143,000 143,000 143,000 143,000 143,000 143,000 143,000 143,000 143,000Generation KWHsCoal Plant 682,443,088 691,750,897 701,058,707 707,930,303 714,801,900 121,202,400 121,202,400 121,202,400 121,202,400 121,202,400 121,202,400Combustion Turbine Bethel 17,498,541 17,737,202 17,975,864 18,152,059 18,328,254 3,107,754 3,107,754 3,107,754 3,107,754 3,107,754 3,107,754CCK 0 0 0 0 0000000 Mine 0 0 0 0 0000000Purchased Power 0 0 0 0 00000002. Capital Cost(1)Plant CostsCoal Plant $/kW $2,300 $2,300 $2,300 $2,300 $2,300 $2,300 $2,300 $2,300 $2,300 $2,300 $2,300Combustion Turbine $/kW Bethel $370 $370 $370 $370 $370 $370 $370 $370 $370 $370 $370CCK Mine Bethel Utilities Plant138 kV T-Line/Mile $680,900 $680,900 $680,900 $680,900 $680,900 $0 $0 $0 $0 $0 $013/22/2004 Donlin Creek Mine - 60 MW Average Load, 20 Year Mine LifeYear 2010 2015 2020 2025 2030 2035 2040 2045 2050 2055 2060Plant Costs $Coal Plant $223,100,000 $223,100,000 $223,100,000 $223,100,000 $223,100,000 $0 $0 $0 $0 $0 $0Combustion Turbine Bethel $17,020,000 $17,020,000 $17,020,000 $17,020,000 $17,020,000 $0 $0 $0 $0 $0 $0CCK Mine $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Bethel Utilities PlantTotal $240,120,000 $240,120,000 $240,120,000 $240,120,000 $240,120,000 $0 $0 $0 $0 $0 $0138 kV T-Line @ 192 miles $130,732,800 $130,732,800 $130,732,800 $130,732,800 $130,732,800 $0 $0 $0 $0 $0 $0Bethel Diesel Plant $500,000 $500,000 $500,000 $500,000 $500,000 $0 $0 $0 $0 $0 $0138 kV Substations $4,100,000 $4,100,000 $4,100,000 $4,100,000 $4,100,000 $0 $0 $0 $0 $0 $0Village Sub.+ Dist. Lines $7,245,000 $7,245,000 $7,245,000 $7,245,000 $7,245,000 $0 $0 $0 $0 $0 $0 +100 kV DC Line @ 385 miles $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Total $142,577,800 $142,577,800 $142,577,800 $142,577,800 $142,577,800 $0 $0 $0 $0 $0 $0Tug + 3 Barges $11,600,000 $11,600,000 $11,600,000 $11,600,000 $11,600,000 $0 $0 $0 $0 $0 $0Enviormental Studies $6,000,000 $6,000,000 $6,000,000 $6,000,000 $6,000,000 $0 $0 $0 $0 $0 $0Fuel Storage Gallons Bethel 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000CCK 0 0 0 0 0000000 Mine 0 0 0 0 0000000Fuel Storage Costs $/Gallon Bethel $1.37 $1.37 $1.37 $1.37 $1.37 $1.37 $1.37 $1.37 $1.37 $1.37 $1.37CCK MineFuel Storage Costs Bethel $4,110,000 $4,110,000 $4,110,000 $4,110,000 $4,110,000 $0 $0 $0 $0 $0 $0CCK $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Mine $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Total Fuel Oil Storage $4,110,000 $4,110,000 $4,110,000 $4,110,000 $4,110,000 $0 $0 $0 $0 $0 $0District Heating System $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0SubTotal Capital Costs $404,407,800 $404,407,800 $404,407,800 $404,407,800 $404,407,800 $0 $0 $0 $0 $0 $0Interest During Constuction5% $20,220,390 $20,220,390 $20,220,390 $20,220,390 $20,220,390 $0 $0 $0 $0 $0 $0$100 M Grants, Bal. 5% $15,220,390 $15,220,390 $15,220,390 $15,220,390 $15,220,390 $0 $0 $0 $0 $0 $0$150 M Grants, Bal. 5% $12,720,390 $12,720,390 $12,720,390 $12,720,390 $12,720,390 $0 $0 $0 $0 $0 $0$200 M Grants, Bal. 5% $10,220,390 $10,220,390 $10,220,390 $10,220,390 $10,220,390 $0 $0 $0 $0 $0 $0$250 M Grants, Bal. 5% $7,720,390 $7,720,390 $7,720,390 $7,720,390 $7,720,390 $0 $0 $0 $0 $0 $0Total Capital Cost5% $424,628,190 $424,628,190 $424,628,190 $424,628,190 $424,628,190 $0 $0 $0 $0 $0 $0$100 M Grants, Bal. 5% $319,628,190 $319,628,190 $319,628,190 $319,628,190 $319,628,190 $0 $0 $0 $0 $0 $0$150 M Grants, Bal. 5% $267,128,190 $267,128,190 $267,128,190 $267,128,190 $267,128,190 $0 $0 $0 $0 $0 $0$200 M Grants, Bal. 5% $214,628,190 $214,628,190 $214,628,190 $214,628,190 $214,628,190 $0 $0 $0 $0 $0 $0$250 M Grants, Bal. 5% $162,128,190 $162,128,190 $162,128,190 $162,128,190 $162,128,190 $0 $0 $0 $0 $0 $023/22/2004 Donlin Creek Mine - 60 MW Average Load, 20 Year Mine LifeYear 2010 2015 2020 2025 2030 2035 2040 2045 2050 2055 2060 3. ExpensesAnnual Debt Service5% $34,073,265 $34,073,265 $34,073,265 $34,073,265 $34,073,265 $0 $0 $0 $0 $0 $0$100 M Grants, Bal. 5% $25,647,793 $25,647,793 $25,647,793 $25,647,793 $25,647,793 $0 $0 $0 $0 $0 $0$150 M Grants, Bal. 5% $21,435,057 $21,435,057 $21,435,057 $21,435,057 $21,435,057 $0 $0 $0 $0 $0 $0$200 M Grants, Bal. 5% $17,222,321 $17,222,321 $17,222,321 $17,222,321 $17,222,321 $0 $0 $0 $0 $0 $0$250 M Grants, Bal. 5% $13,009,585 $13,009,585 $13,009,585 $13,009,585 $13,009,585 $0 $0 $0 $0 $0 $0O&M CostsAnnual Fuel RequirementsCoal Tons 581,245 589,172 597,100 602,952 608,805 103,229 103,229 103,229 103,229 103,229 103,229 #1 Fuel Oil GallonsBethel 1,311,429 1,329,316 1,347,202 1,360,407 1,373,612 232,911 232,911 232,911 232,911 232,911 232,911CCKMine 0 0 0 0 0000000Coal $/Ton $28.70 $28.70 $28.70 $28.70 $28.70 $43.66 $43.66 $43.66 $43.66 $43.66 $43.66 #1 Fuel Oil $/GallonsBethel $1.20 $1.20 $1.20 $1.20 $1.20 $1.20 $1.20 $1.20 $1.20 $1.20 $1.20CCKMineAnnual Fuel CostsCoal $16,681,722 $16,909,243 $17,136,764 $17,304,735 $17,472,705 $4,506,999 $4,506,999 $4,506,999 $4,506,999 $4,506,999 $4,506,999 #1 Fuel OilBethel $1,573,715 $1,595,179 $1,616,643 $1,632,488 $1,648,334 $279,493 $279,493 $279,493 $279,493 $279,493 $279,493CCK $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Mine $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Annual Interest Fuel Supply Loan$498,187$504,982$511,776$516,793$521,809$130,622$130,622$130,622$130,622$130,622$130,622 O&M Tug + Barges $2,695,000 $2,695,000 $2,695,000 $2,695,000 $2,695,000 $645,000 $645,000 $645,000 $645,000 $645,000 $645,000 Purchased PwrDemand Charge $/KWEnergy Charge $/kwhCost of Purchased Pwr $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Total $21,448,624 $21,704,404 $21,960,183 $22,149,016 $22,337,848 $5,562,115 $5,562,115 $5,562,115 $5,562,115 $5,562,115 $5,562,115O&MCoal-PlantPersonnel 2,100,000 2,100,000 2,100,000 2,100,000 2,100,000 1,400,000 1,400,000 1,400,000 1,400,000 1,400,000 1,400,000Equipment/Supplies 5,500,000 5,500,000 5,500,000 5,500,000 5,500,000 2,700,000 2,700,000 2,700,000 2,700,000 2,700,000 2,700,000Combustion Turbine $174,985 $177,372 $179,759 $181,521 $183,283 $31,078 $31,078 $31,078 $31,078 $31,078 $31,078PersonnelEquipment/SuppliesNuvista Administration $400,000 $400,000 $400,000 $400,000 $400,000 $200,000 $200,000 $200,000 $200,000 $200,000 $200,000 138 kV T-Line $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 +100KV DC Line $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Waste Heat Sales Offset $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Total O&M $8,366,985 $8,369,372 $8,371,759 $8,373,521 $8,375,283 $4,523,078 $4,523,078 $4,523,078 $4,523,078 $4,523,078 $4,523,078PCE Payments $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $033/22/2004 Donlin Creek Mine - 60 MW Average Load, 20 Year Mine LifeYear 2010 2015 2020 2025 2030 2035 2040 2045 2050 2055 2060Power CostsCapital Cost $/kWh5% $0.058 $0.057 $0.056 $0.055 $0.055 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000$100 M Grants, Bal. 5% $0.043 $0.043 $0.042 $0.042 $0.041 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000$150 M Grants, Bal. 5% $0.036 $0.036 $0.035 $0.035 $0.034 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000$200 M Grants, Bal. 5% $0.029 $0.029 $0.028 $0.028 $0.028 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000$250 M Grants, Bal. 5% $0.022 $0.022 $0.021 $0.021 $0.021 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000Fuel $/kWh $0.036 $0.036 $0.036 $0.036 $0.036 $0.057 $0.057 $0.057 $0.057 $0.057 $0.057 O&M $/kWh $0.014 $0.014 $0.014 $0.014 $0.013 $0.046 $0.046 $0.046 $0.046 $0.046 $0.046 Total $0.050 $0.050 $0.050 $0.050 $0.049 $0.103 $0.103 $0.103 $0.103 $0.103 $0.103 BreakEven Cost $/kWh5% $0.108 $0.107 $0.106 $0.105 $0.104 $0.103 $0.103 $0.103 $0.103 $0.103 $0.103 $100 M Grants, Bal. 5% $0.094 $0.093 $0.092 $0.091 $0.090 $0.103 $0.103 $0.103 $0.103 $0.103 $0.103 $150 M Grants, Bal. 5% $0.087 $0.086 $0.085 $0.084 $0.084 $0.103 $0.103 $0.103 $0.103 $0.103 $0.103 $200 M Grants, Bal. 5% $0.080 $0.079 $0.078 $0.077 $0.077 $0.103 $0.103 $0.103 $0.103 $0.103 $0.103 $250 M Grants, Bal. 5% $0.073 $0.072 $0.071 $0.071 $0.070 $0.103 $0.103 $0.103 $0.103 $0.103 $0.103 Wholesale Cost$/kWh5% 0.113 0.112 0.111 0.110 0.109 0.108 0.108 0.108 0.108 0.108 0.108$100 M Grants, Bal. 5% 0.099 0.098 0.097 0.096 0.095 0.108 0.108 0.108 0.108 0.108 0.108$150 M Grants, Bal. 5% 0.092 0.091 0.090 0.089 0.089 0.108 0.108 0.108 0.108 0.108 0.108$200 M Grants, Bal. 5% 0.085 0.084 0.083 0.082 0.082 0.108 0.108 0.108 0.108 0.108 0.108$250 M Grants, Bal. 5% 0.078 0.077 0.076 0.076 0.075 0.108 0.108 0.108 0.108 0.108 0.108Annual WholeSale Cost of Power5% $66,841,082 $67,146,981 $67,452,879 $67,678,713 $67,904,546 $10,575,343 $10,575,343 $10,575,343 $10,575,343 $10,575,343 $10,575,343$100 M Grants, Bal. 5% $58,415,610 $58,721,509 $59,027,408 $59,253,241 $59,479,074 $10,575,343 $10,575,343 $10,575,343 $10,575,343 $10,575,343 $10,575,343$150 M Grants, Bal. 5% $54,202,874 $54,508,773 $54,814,672 $55,040,505 $55,266,338 $10,575,343 $10,575,343 $10,575,343 $10,575,343 $10,575,343 $10,575,343$200 M Grants, Bal. 5% $49,990,139 $50,296,037 $50,601,936 $50,827,769 $51,053,603 $10,575,343 $10,575,343 $10,575,343 $10,575,343 $10,575,343 $10,575,343$250 M Grants, Bal. 5% $45,777,403 $46,083,301 $46,389,200 $46,615,034 $46,840,867 $10,575,343 $10,575,343 $10,575,343 $10,575,343 $10,575,343 $10,575,343umulated WholeSale Cost of Power5% 66,841,082 401,352,390 737,393,192 1,074,883,422 1,413,502,819 1,695,696,345 1,748,573,060 1,801,449,774 1,854,326,488 1,907,203,203 1,960,079,917$100 M Grants, Bal. 5% 58,415,610 350,799,560 644,713,004 940,075,876 1,236,567,914 1,485,059,554 1,537,936,268 1,590,812,983 1,643,689,697 1,696,566,412 1,749,443,126$150 M Grants, Bal. 5% 54,202,874 325,523,145 598,372,909 872,672,102 1,148,100,461 1,379,741,158 1,432,617,873 1,485,494,587 1,538,371,301 1,591,248,016 1,644,124,730$200 M Grants, Bal. 5% 49,990,139 300,246,730 552,032,815 805,268,329 1,059,633,009 1,274,422,762 1,327,299,477 1,380,176,191 1,433,052,906 1,485,929,620 1,538,806,335$250 M Grants, Bal. 5% 45,777,403 274,970,315 505,692,721 737,864,556 971,165,557 1,169,104,367 1,221,981,081 1,274,857,796 1,327,734,510 1,380,611,224 1,433,487,939Annual Net Income 2,952,208 2,999,940 3,047,673 3,082,912 3,118,151 490,151 490,151 490,151 490,151 490,151 490,151Accumulated Net Income 2,952,208 17,760,981 35,808,357 54,129,633 72,662,342 88,743,247 91,684,152 94,625,056 97,565,961 100,506,866 103,447,770Mine 20 yearPower cost5% $1,190,013,404$100 M Grants, Bal. 5% $1,040,009,486$150 M Grants, Bal. 5% $965,007,526$200 M Grants, Bal. 5% $890,005,567$250 M Grants, Bal. 5% $815,003,60843/22/2004 Donlin Creek Mine - 60 MW Average Load, 20 Year Mine Line97 MW Barge-Mounted Coal Plant Bethel +46 MW Combustion Turbine + 138 KV T-Line to mine, No Waste Heat Sales, 35% EfficiencyBethel+8 villagesYear 2010 2015 2020 2025 2030 2035 2040 2045 2050 2055 20601. Power RequirementsKWs Peak DemandDonlin Gold Mine 70,000 70,000 70,000 70,000 70,000 0 00000Villages 2,281 2,630 2,980 3,123 3,266 3,350 3,433 3,433 3,433 3,433 3,433Bethel 9,580 10,995 12,410 13,407 14,403 14,403 14,403 14,403 14,403 14,403 14,403Line Loss 5,000 5,000 5,000 5,000 5,000 500 500 500 500 500 500In Plant Use 7,500 7,500 7,500 7,500 7,500 2,500 2,500 2,500 2,500 2,500 2,500Total KW 94,361 96,125 97,890 99,029 100,169 20,753 20,836 20,836 20,836 20,836 20,836KWHsDonlin Gold Mine 525,600,000 525,600,000 525,600,000 525,600,000 525,600,000 0 00000Villages 10,295,423 11,782,606 13,269,790 14,645,290 16,020,790 16,020,790 16,020,790 16,020,790 16,020,790 16,020,790 16,020,790Bethel 54,546,206 62,605,493 70,664,781 76,337,072 82,009,364 82,009,364 82,009,364 82,009,364 82,009,364 82,009,364 82,009,364Total KWH Sales 590,441,628 599,988,100 609,534,571 616,582,362 623,630,154 98,030,154 98,030,154 98,030,154 98,030,154 98,030,154 98,030,154T-Line losses 43,800,000 43,800,000 43,800,000 43,800,000 43,800,000 4,380,000 4,380,000 4,380,000 4,380,000 4,380,000 4,380,000In Plant Use 65,700,000 65,700,000 65,700,000 65,700,000 65,700,000 21,900,000 21,900,000 21,900,000 21,900,000 21,900,000 21,900,000Total kWh Generated 699,941,628 709,488,100 719,034,571 726,082,362 733,130,154 124,310,154 124,310,154 124,310,154 124,310,154 124,310,154 124,310,154 Generation Capacity KWs CFB Coal Plant 97,000 97,000 97,000 97,000 97,000 97,000 97,000 97,000 97,000 97,000 97,000Combustion Turbine Bethel 46,000 46,000 46,000 46,000 46,000 46,000 46,000 46,000 46,000 46,000 46,000CCK 00000000000 Mine00000000000Bethel Utilities Plant00000000000Total Capacity in KWs 143,000 143,000 143,000 143,000 143,000 143,000 143,000 143,000 143,000 143,000 143,000Generation KWHsCoal Plant 682,443,088 691,750,897 701,058,707 707,930,303 714,801,900 121,202,400 121,202,400 121,202,400 121,202,400 121,202,400 121,202,400Combustion Turbine Bethel 17,498,541 17,737,202 17,975,864 18,152,059 18,328,254 3,107,754 3,107,754 3,107,754 3,107,754 3,107,754 3,107,754CCK 00000000000 Mine 00000000000Purchased Power000000000002. Capital Cost(1)Plant CostsCoal Plant $/kW $1,940 $1,940 $1,940 $1,940 $1,940 $1,940 $1,940 $1,940 $1,940 $1,940 $1,940Combustion Turbine $/kW Bethel $370 $370 $370 $370 $370 $370 $370 $370 $370 $370 $370CCK Mine Bethel Utilities Plant138 kV T-Line/Mile $680,900 $680,900 $680,900 $680,900 $680,900 $0 $0 $0 $0 $0 $013/22/2004 Donlin Creek Mine - 60 MW Average Load, 20 Year Mine LineYear 2010 2015 2020 2025 2030 2035 2040 2045 2050 2055 2060Plant Costs $Coal Plant $188,180,000 $188,180,000 $188,180,000 $188,180,000 $188,180,000 $0 $0 $0 $0 $0 $0Combustion Turbine Bethel $17,020,000 $17,020,000 $17,020,000 $17,020,000 $17,020,000 $0 $0 $0 $0 $0 $0CCK Mine $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Bethel Utilities PlantTotal $205,200,000 $205,200,000 $205,200,000 $205,200,000 $205,200,000 $0 $0 $0 $0 $0 $0138 kV T-Line @ 192 miles $130,732,800 $130,732,800 $130,732,800 $130,732,800 $130,732,800 $0 $0 $0 $0 $0 $0Bethel Diesel Plant $500,000 $500,000 $500,000 $500,000 $500,000 $0 $0 $0 $0 $0 $0138 kV Substations $4,100,000 $4,100,000 $4,100,000 $4,100,000 $4,100,000 $0 $0 $0 $0 $0 $0Village Sub.+ Dist. Lines $7,245,000 $7,245,000 $7,245,000 $7,245,000 $7,245,000 $0 $0 $0 $0 $0 $0 +100 kV DC Line @ 385 miles $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Total $142,577,800 $142,577,800 $142,577,800 $142,577,800 $142,577,800 $0 $0 $0 $0 $0 $0Tug + 3 Barges $11,600,000 $11,600,000 $11,600,000 $11,600,000 $11,600,000 $0 $0 $0 $0 $0 $0Enviormental Studies $6,000,000 $6,000,000 $6,000,000 $6,000,000 $6,000,000 $0 $0 $0 $0 $0 $0Fuel Storage Gallons Bethel 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000CCK 00000000000 Mine00000000000Fuel Storage Costs $/Gallon Bethel $1.37 $1.37 $1.37 $1.37 $1.37 $1.37 $1.37 $1.37 $1.37 $1.37 $1.37CCK MineFuel Storage Costs Bethel $4,110,000 $4,110,000 $4,110,000 $4,110,000 $4,110,000 $0 $0 $0 $0 $0 $0CCK $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Mine $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Total Fuel Oil Storage $4,110,000 $4,110,000 $4,110,000 $4,110,000 $4,110,000 $0 $0 $0 $0 $0 $0Year 2010 2015 2020 2025 2030 2035 2040 2045 2050 2045 2050District Heating System $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0SubTotal Capital Costs $369,487,800 $369,487,800 $369,487,800 $369,487,800 $369,487,800 $0 $0 $0 $0 $0 $0Interest During Constuction5% $18,474,390 $18,474,390 $18,474,390 $18,474,390 $18,474,390 $0 $0 $0 $0 $0 $0$100 M Grants, Bal. 5% $13,474,390 $13,474,390 $13,474,390 $13,474,390 $13,474,390 $0 $0 $0 $0 $0 $0$150 M Grants, Bal. 5% $10,974,390 $10,974,390 $10,974,390 $10,974,390 $10,974,390 $0 $0 $0 $0 $0 $0$200 M Grants, Bal. 5% $8,474,390 $8,474,390 $8,474,390 $8,474,390 $8,474,390 $0 $0 $0 $0 $0 $0$250 M Grants, Bal. 5% $5,974,390 $5,974,390 $5,974,390 $5,974,390 $5,974,390 $0 $0 $0 $0 $0 $0Total Capital Cost5% $387,962,190 $387,962,190 $387,962,190 $387,962,190 $387,962,190 $0 $0 $0 $0 $0 $0$100 M Grants, Bal. 5% $282,962,190 $282,962,190 $282,962,190 $282,962,190 $282,962,190 $0 $0 $0 $0 $0 $0$150 M Grants, Bal. 5% $230,462,190 $230,462,190 $230,462,190 $230,462,190 $230,462,190 $0 $0 $0 $0 $0 $0$200 M Grants, Bal. 5% $177,962,190 $177,962,190 $177,962,190 $177,962,190 $177,962,190 $0 $0 $0 $0 $0 $0$250 M Grants, Bal. 5% $125,462,190 $125,462,190 $125,462,190 $125,462,190 $125,462,190 $0 $0 $0 $0 $0 $023/22/2004 Donlin Creek Mine - 60 MW Average Load, 20 Year Mine LineYear 2010 2015 2020 2025 2030 2035 2040 2045 2050 2055 2060 3. ExpensesAnnual Debt Service5% $31,131,090 $31,131,090 $31,131,090 $31,131,090 $31,131,090 $0 $0 $0 $0 $0 $0$100 M Grants, Bal. 5% $22,705,618 $22,705,618 $22,705,618 $22,705,618 $22,705,618 $0 $0 $0 $0 $0 $0$150 M Grants, Bal. 5% $18,492,882 $18,492,882 $18,492,882 $18,492,882 $18,492,882 $0 $0 $0 $0 $0 $0$200 M Grants, Bal. 5% $14,280,147 $14,280,147 $14,280,147 $14,280,147 $14,280,147 $0 $0 $0 $0 $0 $0$250 M Grants, Bal. 5% $10,067,411 $10,067,411 $10,067,411 $10,067,411 $10,067,411 $0 $0 $0 $0 $0 $0O&M CostsAnnual Fuel RequirementsCoal Tons 270,480 274,170 277,859 280,582 283,306 67,253 67,253 67,253 67,253 67,253 67,253 #1 Fuel Oil GallonsBethel 1,311,429 1,329,316 1,347,202 1,360,407 1,373,612 232,911 232,911 232,911 232,911 232,911 232,911CCKMine00000000000Coal $/Ton $55.00 $55.00 $55.00 $55.00 $55.00 $70.00 $70.00 $70.00 $70.00 $70.00 $70.00 #1 Fuel Oil $/GallonsBethel $1.20 $1.20 $1.20 $1.20 $1.20 $1.20 $1.20 $1.20 $1.20 $1.20 $1.20CCKMineAnnual Fuel CostsCoal $14,876,427 $15,079,326 $15,282,225 $15,432,017 $15,581,810 $4,707,679 $4,707,679 $4,707,679 $4,707,679 $4,707,679 $4,707,679 #1 Fuel OilBethel $1,573,715 $1,595,179 $1,616,643 $1,632,488 $1,648,334 $279,493 $279,493 $279,493 $279,493 $279,493 $279,493CCK $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Mine $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Annual Interest Fuel Supply Loan $448,921 $455,044 $461,166 $465,687 $470,207 $136,099 $136,099 $136,099 $136,099 $136,099 $136,099 O&M Tug + Barges $1,567,000 $1,567,000 $1,567,000 $1,567,000 $1,567,000 $375,000 $375,000 $375,000 $375,000 $375,000 $375,000 Purchased PwrDemand Charge $/KWEnergy Charge $/kwhCost of Purchased Pwr $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Total $18,466,063 $18,696,548 $18,927,034 $19,097,192 $19,267,351 $5,498,270 $5,498,270 $5,498,270 $5,498,270 $5,498,270 $5,498,270O&MCoal-PlantPersonnel 2,100,000 2,100,000 2,100,000 2,100,000 2,100,000 1,400,000 1,400,000 1,400,000 1,400,000 1,400,000 1,400,000Equipment/Supplies 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 2,500,000 2,500,000 2,500,000 2,500,000 2,500,000 2,500,000Combustion Turbine $174,985 $177,372 $179,759 $181,521 $183,283 $31,078 $31,078 $31,078 $31,078 $31,078 $31,078PersonnelEquipment/SuppliesNuvista Administration $400,000 $400,000 $400,000 $400,000 $400,000 $200,000 $200,000 $200,000 $200,000 $200,000 $200,000 138 kV T-Line $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 +100KV DC Line $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Waste Heat Sales Offset $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $033/22/2004 Donlin Creek Mine - 60 MW Average Load, 20 Year Mine LineTotal O&M $7,866,985 $7,869,372 $7,871,759 $7,873,521 $7,875,283 $4,323,078 $4,323,078 $4,323,078 $4,323,078 $4,323,078 $4,323,078PCE Payments $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Year 2010 2015 2020 2025 2030 2035 2040 2045 2050 2045 2050Power CostsCapital Cost $/kWh5% $0.053 $0.052 $0.051 $0.050 $0.050 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000$100 M Grants, Bal. 5% $0.038 $0.038 $0.037 $0.037 $0.036 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000$150 M Grants, Bal. 5% $0.031 $0.031 $0.030 $0.030 $0.030 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000$200 M Grants, Bal. 5% $0.024 $0.024 $0.023 $0.023 $0.023 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000$250 M Grants, Bal. 5% $0.017 $0.017 $0.017 $0.016 $0.016 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000Fuel $/kWh $0.031 $0.031 $0.031 $0.031 $0.031 $0.056 $0.056 $0.056 $0.056 $0.056 $0.056 O&M $/kWh $0.013 $0.013 $0.013 $0.013 $0.013 $0.044 $0.044 $0.044 $0.044 $0.044 $0.044 Total $0.045 $0.044 $0.044 $0.044 $0.044 $0.100 $0.100 $0.100 $0.100 $0.100 $0.100 BreakEven Cost $/kWh5% $0.097 $0.096 $0.095 $0.094 $0.093 $0.100 $0.100 $0.100 $0.100 $0.100 $0.100 $100 M Grants, Bal. 5% $0.083 $0.082 $0.081 $0.081 $0.080 $0.100 $0.100 $0.100 $0.100 $0.100 $0.100 $150 M Grants, Bal. 5% $0.076 $0.075 $0.074 $0.074 $0.073 $0.100 $0.100 $0.100 $0.100 $0.100 $0.100 $200 M Grants, Bal. 5% $0.069 $0.068 $0.067 $0.067 $0.066 $0.100 $0.100 $0.100 $0.100 $0.100 $0.100 $250 M Grants, Bal. 5% $0.062 $0.061 $0.060 $0.060 $0.060 $0.100 $0.100 $0.100 $0.100 $0.100 $0.100 Wholesale Cost$/kWh5% 0.102 0.101 0.100 0.099 0.098 0.105 0.105 0.105 0.105 0.105 0.105$100 M Grants, Bal. 5% 0.088 0.087 0.086 0.086 0.085 0.105 0.105 0.105 0.105 0.105 0.105$150 M Grants, Bal. 5% 0.081 0.080 0.079 0.079 0.078 0.105 0.105 0.105 0.105 0.105 0.105$200 M Grants, Bal. 5% 0.074 0.073 0.072 0.072 0.071 0.105 0.105 0.105 0.105 0.105 0.105$250 M Grants, Bal. 5% 0.067 0.066 0.065 0.065 0.065 0.105 0.105 0.105 0.105 0.105 0.105Annual WholeSale Cost of Power5% $60,416,346 $60,696,951 $60,977,555 $61,184,715 $61,391,874 $10,311,499 $10,311,499 $10,311,499 $10,311,499 $10,311,499 $10,311,499$100 M Grants, Bal. 5% $51,990,875 $52,271,479 $52,552,084 $52,759,243 $52,966,402 $10,311,499 $10,311,499 $10,311,499 $10,311,499 $10,311,499 $10,311,499$150 M Grants, Bal. 5% $47,778,139 $48,058,743 $48,339,348 $48,546,507 $48,753,667 $10,311,499 $10,311,499 $10,311,499 $10,311,499 $10,311,499 $10,311,499$200 M Grants, Bal. 5% $43,565,403 $43,846,007 $44,126,612 $44,333,771 $44,540,931 $10,311,499 $10,311,499 $10,311,499 $10,311,499 $10,311,499 $10,311,499$250 M Grants, Bal. 5% $39,352,667 $39,633,272 $39,913,876 $40,121,036 $40,328,195 $10,311,499 $10,311,499 $10,311,499 $10,311,499 $10,311,499 $10,311,499Accumulated WholeSale Cost of Power5% 60,416,346 362,778,682 666,544,039 971,638,975 1,277,769,708 1,533,648,703 1,585,206,196 1,636,763,689 1,688,321,182 1,739,878,676 1,791,436,169$100 M Grants, Bal. 5% 51,990,875 312,225,852 573,863,851 836,831,428 1,100,834,803 1,323,011,911 1,374,569,405 1,426,126,898 1,477,684,391 1,529,241,884 1,580,799,377$150 M Grants, Bal. 5% 47,778,139 286,949,437 527,523,757 769,427,655 1,012,367,350 1,217,693,516 1,269,251,009 1,320,808,502 1,372,365,995 1,423,923,488 1,475,480,982$200 M Grants, Bal. 5% 43,565,403 261,673,022 481,183,663 702,023,882 923,899,898 1,112,375,120 1,163,932,613 1,215,490,106 1,267,047,600 1,318,605,093 1,370,162,586$250 M Grants, Bal. 5% 39,352,667 236,396,607 434,843,569 634,620,109 835,432,446 1,007,056,724 1,058,614,217 1,110,171,711 1,161,729,204 1,213,286,697 1,264,844,190Annual Net Income 2,952,208 2,999,940 3,047,673 3,082,912 3,118,151 490,151 490,151 490,151 490,151 490,151 490,151Accumulated Net Income 2,952,208 17,760,981 35,808,357 54,129,633 72,662,342 88,743,247 91,684,152 94,625,056 97,565,961 100,506,866 103,447,770Mine 20 yearPower cost5% $1,075,629,834$100 M Grants, Bal. 5% $925,625,915$150 M Grants, Bal. 5% $850,623,956$200 M Grants, Bal. 5% $775,621,997$250 M Grants, Bal. 5% $700,620,03743/22/2004 Donlin Creek Mine - 60 MW Average Load, 20 Year Mine Line97 MW Barge-Mounted Coal Plant Bethel +46 MW Combustion Turbine + 138 KV T-Line to mine, No Waste Heat Sales, 40% EfficiencyBethel+8 villagesYear 2010 2015 2020 2025 2030 2035 2040 2045 2050 2055 20601. Power RequirementsKWs Peak DemandDonlin Gold Mine 70,000 70,000 70,000 70,000 70,000 0 0 0 0 0 0Villages 2,281 2,630 2,980 3,123 3,266 3,350 3,433 3,433 3,433 3,433 3,433Bethel 9,580 10,995 12,410 13,407 14,403 14,403 14,403 14,403 14,403 14,403 14,403Line Loss 5,000 5,000 5,000 5,000 5,000 500 500 500 500 500 500In Plant Use 7,500 7,500 7,500 7,500 7,500 2,500 2,500 2,500 2,500 2,500 2,500Total KW 94,361 96,125 97,890 99,029 100,169 20,753 20,836 20,836 20,836 20,836 20,836KWHsDonlin Gold Mine 525,600,000 525,600,000 525,600,000 525,600,000 525,600,000 0 0 0 0 0 0Villages 10,295,423 11,782,606 13,269,790 14,645,290 16,020,790 16,020,790 16,020,790 16,020,790 16,020,790 16,020,790 16,020,790Bethel 54,546,206 62,605,493 70,664,781 76,337,072 82,009,364 82,009,364 82,009,364 82,009,364 82,009,364 82,009,364 82,009,364Total KWH Sales 590,441,628 599,988,100 609,534,571 616,582,362 623,630,154 98,030,154 98,030,154 98,030,154 98,030,154 98,030,154 98,030,154T-Line losses 43,800,000 43,800,000 43,800,000 43,800,000 43,800,000 4,380,000 4,380,000 4,380,000 4,380,000 4,380,000 4,380,000In Plant Use 65,700,000 65,700,000 65,700,000 65,700,000 65,700,000 21,900,000 21,900,000 21,900,000 21,900,000 21,900,000 21,900,000Total kWh Generated 699,941,628 709,488,100 719,034,571 726,082,362 733,130,154 124,310,154 124,310,154 124,310,154 124,310,154 124,310,154 124,310,154 Generation Capacity KWs CFB Coal Plant 97,000 97,000 97,000 97,000 97,000 97,000 97,000 97,000 97,000 97,000 97,000Combustion Turbine Bethel 46,000 46,000 46,000 46,000 46,000 46,000 46,000 46,000 46,000 46,000 46,000CCK00000000000 Mine 0 0 0 0 0 0 0 0 0 0 0Bethel Utilities Plant 0 0 0 0 0 0 0 0 0 0 0Total Capacity in KWs 143,000 143,000 143,000 143,000 143,000 143,000 143,000 143,000 143,000 143,000 143,000Generation KWHsCoal Plant 682,443,088 691,750,897 701,058,707 707,930,303 714,801,900 121,202,400 121,202,400 121,202,400 121,202,400 121,202,400 121,202,400Combustion Turbine Bethel 17,498,541 17,737,202 17,975,864 18,152,059 18,328,254 3,107,754 3,107,754 3,107,754 3,107,754 3,107,754 3,107,754CCK00000000000 Mine 0 0 0 0 0 0 0 0 0 0 0Purchased Power 0 0 0 0 0 0 0 0 0 0 02. Capital Cost(1)Plant CostsCoal Plant $/kW $1,940 $1,940 $1,940 $1,940 $1,940 $1,940 $1,940 $1,940 $1,940 $1,940 $1,940Combustion Turbine $/kW Bethel $370 $370 $370 $370 $370 $370 $370 $370 $370 $370 $370CCK Mine Bethel Utilities Plant138 kV T-Line/Mile $680,900 $680,900 $680,900 $680,900 $680,900 $0 $0 $0 $0 $0 $013/22/2004 Donlin Creek Mine - 60 MW Average Load, 20 Year Mine LineYear 2010 2015 2020 2025 2030 2035 2040 2045 2050 2055 2060Plant Costs $Coal Plant $188,180,000 $188,180,000 $188,180,000 $188,180,000 $188,180,000 $0 $0 $0 $0 $0 $0Combustion Turbine Bethel $17,020,000 $17,020,000 $17,020,000 $17,020,000 $17,020,000 $0 $0 $0 $0 $0 $0CCK Mine $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Bethel Utilities PlantTotal $205,200,000 $205,200,000 $205,200,000 $205,200,000 $205,200,000 $0 $0 $0 $0 $0 $0138 kV T-Line @ 192 miles $130,732,800 $130,732,800 $130,732,800 $130,732,800 $130,732,800 $0 $0 $0 $0 $0 $0Bethel Diesel Plant $500,000 $500,000 $500,000 $500,000 $500,000 $0 $0 $0 $0 $0 $0138 kV Substations $4,100,000 $4,100,000 $4,100,000 $4,100,000 $4,100,000 $0 $0 $0 $0 $0 $0Village Sub.+ Dist. Lines $7,245,000 $7,245,000 $7,245,000 $7,245,000 $7,245,000 $0 $0 $0 $0 $0 $0 +100 kV DC Line @ 385 miles $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Total $142,577,800 $142,577,800 $142,577,800 $142,577,800 $142,577,800 $0 $0 $0 $0 $0 $0Tug + 3 Barges $11,600,000 $11,600,000 $11,600,000 $11,600,000 $11,600,000 $0 $0 $0 $0 $0 $0Enviormental Studies $6,000,000 $6,000,000 $6,000,000 $6,000,000 $6,000,000 $0 $0 $0 $0 $0 $0Fuel Storage Gallons Bethel 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000CCK00000000000 Mine 0 0 0 0 0 0 0 0 0 0 0Fuel Storage Costs $/Gallon Bethel $1.37 $1.37 $1.37 $1.37 $1.37 $1.37 $1.37 $1.37 $1.37 $1.37 $1.37CCK MineFuel Storage Costs Bethel $4,110,000 $4,110,000 $4,110,000 $4,110,000 $4,110,000 $0 $0 $0 $0 $0 $0CCK $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Mine $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Total Fuel Oil Storage $4,110,000 $4,110,000 $4,110,000 $4,110,000 $4,110,000 $0 $0 $0 $0 $0 $0Year 2010 2015 2020 2025 2030 2035 2040 2045 2050 2045 2050District Heating System $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0SubTotal Capital Costs $369,487,800 $369,487,800 $369,487,800 $369,487,800 $369,487,800 $0 $0 $0 $0 $0 $0Interest During Constuction5% $18,474,390 $18,474,390 $18,474,390 $18,474,390 $18,474,390 $0 $0 $0 $0 $0 $0$100 M Grants, Bal. 5% $13,474,390 $13,474,390 $13,474,390 $13,474,390 $13,474,390 $0 $0 $0 $0 $0 $0$150 M Grants, Bal. 5% $10,974,390 $10,974,390 $10,974,390 $10,974,390 $10,974,390 $0 $0 $0 $0 $0 $0$200 M Grants, Bal. 5% $8,474,390 $8,474,390 $8,474,390 $8,474,390 $8,474,390 $0 $0 $0 $0 $0 $0$250 M Grants, Bal. 5% $5,974,390 $5,974,390 $5,974,390 $5,974,390 $5,974,390 $0 $0 $0 $0 $0 $0Total Capital Cost5% $387,962,190 $387,962,190 $387,962,190 $387,962,190 $387,962,190 $0 $0 $0 $0 $0 $0$100 M Grants, Bal. 5% $282,962,190 $282,962,190 $282,962,190 $282,962,190 $282,962,190 $0 $0 $0 $0 $0 $0$150 M Grants, Bal. 5% $230,462,190 $230,462,190 $230,462,190 $230,462,190 $230,462,190 $0 $0 $0 $0 $0 $0$200 M Grants, Bal. 5% $177,962,190 $177,962,190 $177,962,190 $177,962,190 $177,962,190 $0 $0 $0 $0 $0 $0$250 M Grants, Bal. 5% $125,462,190 $125,462,190 $125,462,190 $125,462,190 $125,462,190 $0 $0 $0 $0 $0 $023/22/2004 Donlin Creek Mine - 60 MW Average Load, 20 Year Mine LineYear 2010 2015 2020 2025 2030 2035 2040 2045 2050 2055 2060 3. ExpensesAnnual Debt Service5% $31,131,090 $31,131,090 $31,131,090 $31,131,090 $31,131,090 $0 $0 $0 $0 $0 $0$100 M Grants, Bal. 5% $22,705,618 $22,705,618 $22,705,618 $22,705,618 $22,705,618 $0 $0 $0 $0 $0 $0$150 M Grants, Bal. 5% $18,492,882 $18,492,882 $18,492,882 $18,492,882 $18,492,882 $0 $0 $0 $0 $0 $0$200 M Grants, Bal. 5% $14,280,147 $14,280,147 $14,280,147 $14,280,147 $14,280,147 $0 $0 $0 $0 $0 $0$250 M Grants, Bal. 5% $10,067,411 $10,067,411 $10,067,411 $10,067,411 $10,067,411 $0 $0 $0 $0 $0 $0O&M CostsAnnual Fuel RequirementsCoal Tons 236,636 239,863 243,091 245,473 247,856 67,253 67,253 67,253 67,253 67,253 67,253 #1 Fuel Oil GallonsBethel 1,311,429 1,329,316 1,347,202 1,360,407 1,373,612 232,911 232,911 232,911 232,911 232,911 232,911CCKMine 0 0 0 0 0 0 0 0 0 0 0Coal $/Ton $55.00 $55.00 $55.00 $55.00 $55.00 $70.00 $70.00 $70.00 $70.00 $70.00 $70.00 #1 Fuel Oil $/GallonsBethel $1.20 $1.20 $1.20 $1.20 $1.20 $1.20 $1.20 $1.20 $1.20 $1.20 $1.20CCKMineAnnual Fuel CostsCoal $13,014,966 $13,192,477 $13,369,987 $13,501,037 $13,632,086 $4,707,679 $4,707,679 $4,707,679 $4,707,679 $4,707,679 $4,707,679 #1 Fuel OilBethel $1,573,715 $1,595,179 $1,616,643 $1,632,488 $1,648,334 $279,493 $279,493 $279,493 $279,493 $279,493 $279,493CCK $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Mine $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Annual Interest Fuel Supply Loan $398,122 $403,552 $408,982 $412,991 $416,999 $136,099 $136,099 $136,099 $136,099 $136,099 $136,099 O&M Tug + Barges $1,567,000 $1,567,000 $1,567,000 $1,567,000 $1,567,000 $375,000 $375,000 $375,000 $375,000 $375,000 $375,000 Purchased PwrDemand Charge $/KWEnergy Charge $/kwhCost of Purchased Pwr $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Total $16,553,803 $16,758,208 $16,962,612 $17,113,516 $17,264,420 $5,498,270 $5,498,270 $5,498,270 $5,498,270 $5,498,270 $5,498,270O&MCoal-PlantPersonnel 2,100,000 2,100,000 2,100,000 2,100,000 2,100,000 1,400,000 1,400,000 1,400,000 1,400,000 1,400,000 1,400,000Equipment/Supplies 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 2,500,000 2,500,000 2,500,000 2,500,000 2,500,000 2,500,000Combustion Turbine $174,985 $177,372 $179,759 $181,521 $183,283 $31,078 $31,078 $31,078 $31,078 $31,078 $31,078PersonnelEquipment/SuppliesNuvista Administration $400,000 $400,000 $400,000 $400,000 $400,000 $200,000 $200,000 $200,000 $200,000 $200,000 $200,000 138 kV T-Line $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 +100KV DC Line $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Waste Heat Sales Offset $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Total O&M $7,866,985 $7,869,372 $7,871,759 $7,873,521 $7,875,283 $4,323,078 $4,323,078 $4,323,078 $4,323,078 $4,323,078 $4,323,07833/22/2004 Donlin Creek Mine - 60 MW Average Load, 20 Year Mine LinePCE Payments $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Year 2010 2015 2020 2025 2030 2035 2040 2045 2050 2045 2050Power CostsCapital Cost $/kWh5% $0.053 $0.052 $0.051 $0.050 $0.050 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000$100 M Grants, Bal. 5% $0.038 $0.038 $0.037 $0.037 $0.036 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000$150 M Grants, Bal. 5% $0.031 $0.031 $0.030 $0.030 $0.030 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000$200 M Grants, Bal. 5% $0.024 $0.024 $0.023 $0.023 $0.023 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000$250 M Grants, Bal. 5% $0.017 $0.017 $0.017 $0.016 $0.016 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000Fuel $/kWh $0.028 $0.028 $0.028 $0.028 $0.028 $0.056 $0.056 $0.056 $0.056 $0.056 $0.056 O&M $/kWh $0.013 $0.013 $0.013 $0.013 $0.013 $0.044 $0.044 $0.044 $0.044 $0.044 $0.044 Total $0.041 $0.041 $0.041 $0.041 $0.040 $0.100 $0.100 $0.100 $0.100 $0.100 $0.100 BreakEven Cost $/kWh5% $0.094 $0.093 $0.092 $0.091 $0.090 $0.100 $0.100 $0.100 $0.100 $0.100 $0.100 $100 M Grants, Bal. 5% $0.080 $0.079 $0.078 $0.077 $0.077 $0.100 $0.100 $0.100 $0.100 $0.100 $0.100 $150 M Grants, Bal. 5% $0.073 $0.072 $0.071 $0.071 $0.070 $0.100 $0.100 $0.100 $0.100 $0.100 $0.100 $200 M Grants, Bal. 5% $0.066 $0.065 $0.064 $0.064 $0.063 $0.100 $0.100 $0.100 $0.100 $0.100 $0.100 $250 M Grants, Bal. 5% $0.058 $0.058 $0.057 $0.057 $0.056 $0.100 $0.100 $0.100 $0.100 $0.100 $0.100 Wholesale Cost$/kWh5% 0.099 0.098 0.097 0.096 0.095 0.105 0.105 0.105 0.105 0.105 0.105$100 M Grants, Bal. 5% 0.085 0.084 0.083 0.082 0.082 0.105 0.105 0.105 0.105 0.105 0.105$150 M Grants, Bal. 5% 0.078 0.077 0.076 0.076 0.075 0.105 0.105 0.105 0.105 0.105 0.105$200 M Grants, Bal. 5% 0.071 0.070 0.069 0.069 0.068 0.105 0.105 0.105 0.105 0.105 0.105$250 M Grants, Bal. 5% 0.063 0.063 0.062 0.062 0.061 0.105 0.105 0.105 0.105 0.105 0.105Annual WholeSale Cost of Power5% $58,504,087 $58,758,610 $59,013,133 $59,201,038 $59,388,943 $10,311,499 $10,311,499 $10,311,499 $10,311,499 $10,311,499 $10,311,499$100 M Grants, Bal. 5% $50,078,615 $50,333,138 $50,587,662 $50,775,566 $50,963,471 $10,311,499 $10,311,499 $10,311,499 $10,311,499 $10,311,499 $10,311,499$150 M Grants, Bal. 5% $45,865,879 $46,120,403 $46,374,926 $46,562,831 $46,750,735 $10,311,499 $10,311,499 $10,311,499 $10,311,499 $10,311,499 $10,311,499$200 M Grants, Bal. 5% $41,653,143 $41,907,667 $42,162,190 $42,350,095 $42,537,999 $10,311,499 $10,311,499 $10,311,499 $10,311,499 $10,311,499 $10,311,499$250 M Grants, Bal. 5% $37,440,408 $37,694,931 $37,949,454 $38,137,359 $38,325,264 $10,311,499 $10,311,499 $10,311,499 $10,311,499 $10,311,499 $10,311,499Accumulated WholeSale Cost of Power5% 58,504,087 351,279,043 645,326,617 940,580,188 1,236,773,282 1,484,640,552 1,536,198,045 1,587,755,538 1,639,313,032 1,690,870,525 1,742,428,018$100 M Grants, Bal. 5% 50,078,615 300,726,214 552,646,428 805,772,641 1,059,838,378 1,274,003,761 1,325,561,254 1,377,118,747 1,428,676,240 1,480,233,733 1,531,791,227$150 M Grants, Bal. 5% 45,865,879 275,449,799 506,306,334 738,368,868 971,370,925 1,168,685,365 1,220,242,858 1,271,800,351 1,323,357,845 1,374,915,338 1,426,472,831$200 M Grants, Bal. 5% 41,653,143 250,173,384 459,966,240 670,965,095 882,903,473 1,063,366,969 1,114,924,462 1,166,481,956 1,218,039,449 1,269,596,942 1,321,154,435$250 M Grants, Bal. 5% 37,440,408 224,896,969 413,626,146 603,561,322 794,436,021 958,048,573 1,009,606,067 1,061,163,560 1,112,721,053 1,164,278,546 1,215,836,040Annual Net Income 2,952,208 2,999,940 3,047,673 3,082,912 3,118,151 490,151 490,151 490,151 490,151 490,151 490,151Accumulated Net Income 2,952,208 17,760,981 35,808,357 54,129,633 72,662,342 88,743,247 91,684,152 94,625,056 97,565,961 100,506,866 103,447,770Mine 20 yearPower cost5% $1,041,584,688$100 M Grants, Bal. 5% $891,580,769$150 M Grants, Bal. 5% $816,578,810$200 M Grants, Bal. 5% $741,576,851$250 M Grants, Bal. 5% $666,574,89143/22/2004 Donlin Creek Mine -60 MW Average Demand, 20 Year Life, with Waste Heat Sales97 MW Barge Mounted Coal Plant Bethel +46 MW Combustion Turbine + 138 KV T-Line to mine, with 1 million Equivalent diesel gallons Waste Heat SalesBethel+8 villagesYear 2010 2015 2020 2025 2030 2035 2040 2045 2050 2055 20601. Power RequirementsKWs Peak DemandDonlin Gold Mine 70,000 70,000 70,000 70,000 70,000 0 0 0 0 0 0Villages 2,281 2,630 2,980 3,123 3,266 3,350 3,433 3,433 3,433 3,433 3,433Bethel 9,580 10,995 12,410 13,407 14,403 14,403 14,403 14,403 14,403 14,403 14,403Line Loss 5,000 5,000 5,000 5,000 5,000 500 500 500 500 500 500In Plant Use 7,500 7,500 7,500 7,500 7,500 2,500 2,500 2,500 2,500 2,500 2,500Total KW 94,361 96,125 97,890 99,029 100,169 20,753 20,836 20,836 20,836 20,836 20,836KWHsDonlin Gold Mine 525,600,000 525,600,000 525,600,000 525,600,000 525,600,000 0 0 0 0 0 0Villages 10,295,423 11,782,606 13,269,790 14,645,290 16,020,790 16,020,790 16,020,790 16,020,790 16,020,790 16,020,790 16,020,790Bethel 54,546,206 62,605,493 70,664,781 76,337,072 82,009,364 82,009,364 82,009,364 82,009,364 82,009,364 82,009,364 82,009,364Total KWH Sales 590,441,628 599,988,100 609,534,571 616,582,362 623,630,154 98,030,154 98,030,154 98,030,154 98,030,154 98,030,154 98,030,154T-Line losses 43,800,000 43,800,000 43,800,000 43,800,000 43,800,000 4,380,000 4,380,000 4,380,000 4,380,000 4,380,000 4,380,000In Plant Use 65,700,000 65,700,000 65,700,000 65,700,000 65,700,000 21,900,000 21,900,000 21,900,000 21,900,000 21,900,000 21,900,000Total kWh Generated 699,941,628 709,488,100 719,034,571 726,082,362 733,130,154 124,310,154 124,310,154 124,310,154 124,310,154 124,310,154 124,310,154 Generation Capacity KWs CFB Coal Plant 97,000 97,000 97,000 97,000 97,000 97,000 97,000 97,000 97,000 97,000 97,000Combustion Turbine Bethel 46,000 46,000 46,000 46,000 46,000 46,000 46,000 46,000 46,000 46,000 46,000CCK00000000000 Mine00000000000Bethel Utilities Plant00000000000Total Capacity in KWs 143,000 143,000 143,000 143,000 143,000 143,000 143,000 143,000 143,000 143,000 143,000Generation KWHsCoal Plant 682,443,088 691,750,897 701,058,707 707,930,303 714,801,900 121,202,400 121,202,400 121,202,400 121,202,400 121,202,400 121,202,400Combustion Turbine Bethel 17,498,541 17,737,202 17,975,864 18,152,059 18,328,254 3,107,754 3,107,754 3,107,754 3,107,754 3,107,754 3,107,754CCK00000000000 Mine 00000000000Purchased Power000000000002. Capital Cost(1)Plant CostsCoal Plant $/kW $1,940 $1,940 $1,940 $1,940 $1,940 $1,940 $1,940 $1,940 $1,940 $1,940 $1,940Combustion Turbine $/kW Bethel $370 $370 $370 $370 $370 $370 $370 $370 $370 $370 $370CCK Mine Bethel Utilities Plant138 kV T-Line/Mile $680,900 $680,900 $680,900 $680,900 $680,900 $0 $0 $0 $0 $0 $013/22/2004 Donlin Creek Mine -60 MW Average Demand, 20 Year Life, with Waste Heat SalesYear 2010 2015 2020 2025 2030 2035 2040 2045 2050 2055 2060Plant Costs $Coal Plant $188,180,000 $188,180,000 $188,180,000 $188,180,000 $188,180,000 $0 $0 $0 $0 $0 $0Combustion Turbine Bethel $17,020,000 $17,020,000 $17,020,000 $17,020,000 $17,020,000 $0 $0 $0 $0 $0 $0CCK Mine $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Bethel Utilities PlantTotal $205,200,000 $205,200,000 $205,200,000 $205,200,000 $205,200,000 $0 $0 $0 $0 $0 $0138 kV T-Line @ 192 miles $130,732,800 $130,732,800 $130,732,800 $130,732,800 $130,732,800 $0 $0 $0 $0 $0 $0Bethel Diesel Plant $500,000 $500,000 $500,000 $500,000 $500,000 $0 $0 $0 $0 $0 $0138 kV Substations $4,100,000 $4,100,000 $4,100,000 $4,100,000 $4,100,000 $0 $0 $0 $0 $0 $0Village Sub.+ Dist. Lines $7,245,000 $7,245,000 $7,245,000 $7,245,000 $7,245,000 $0 $0 $0 $0 $0 $0 +100 kV DC Line @ 385 miles $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Total $142,577,800 $142,577,800 $142,577,800 $142,577,800 $142,577,800 $0 $0 $0 $0 $0 $0Tug + 3 Barges $11,600,000 $11,600,000 $11,600,000 $11,600,000 $11,600,000 $0 $0 $0 $0 $0 $0Enviormental Studies $6,000,000 $6,000,000 $6,000,000 $6,000,000 $6,000,000 $0 $0 $0 $0 $0 $0Fuel Storage Gallons Bethel 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000CCK00000000000 Mine00000000000Fuel Storage Costs $/Gallon Bethel $1.37 $1.37 $1.37 $1.37 $1.37 $1.37 $1.37 $1.37 $1.37 $1.37 $1.37CCK MineFuel Storage Costs Bethel $4,110,000 $4,110,000 $4,110,000 $4,110,000 $4,110,000 $0 $0 $0 $0 $0 $0CCK $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Mine $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Total Fuel Oil Storage $4,110,000 $4,110,000 $4,110,000 $4,110,000 $4,110,000 $0 $0 $0 $0 $0 $0Year 2010 2015 2020 2025 2030 2035 2040 2045 2050 2045 2050District Heating System $11,600,000 $11,600,000 $11,600,000 $11,600,000 $11,600,000 $0 $0 $0 $0 $0 $0SubTotal Capital Costs $381,087,800 $381,087,800 $381,087,800 $381,087,800 $381,087,800 $0 $0 $0 $0 $0 $0Interest During Constuction5% $19,054,390 $19,054,390 $19,054,390 $19,054,390 $19,054,390 $0 $0 $0 $0 $0 $0$100 M Grants, Bal. 5% $14,054,390 $14,054,390 $14,054,390 $14,054,390 $14,054,390 $0 $0 $0 $0 $0 $0$150 M Grants, Bal. 5% $11,554,390 $11,554,390 $11,554,390 $11,554,390 $11,554,390 $0 $0 $0 $0 $0 $0$200 M Grants, Bal. 5% $9,054,390 $9,054,390 $9,054,390 $9,054,390 $9,054,390 $0 $0 $0 $0 $0 $0$250 M Grants, Bal. 5% $6,554,390 $6,554,390 $6,554,390 $6,554,390 $6,554,390 $0 $0 $0 $0 $0 $0Total Capital Cost5% $400,142,190 $400,142,190 $400,142,190 $400,142,190 $400,142,190 $0 $0 $0 $0 $0 $0$100 M Grants, Bal. 5% $295,142,190 $295,142,190 $295,142,190 $295,142,190 $295,142,190 $0 $0 $0 $0 $0 $0$150 M Grants, Bal. 5% $242,642,190 $242,642,190 $242,642,190 $242,642,190 $242,642,190 $0 $0 $0 $0 $0 $0$200 M Grants, Bal. 5% $190,142,190 $190,142,190 $190,142,190 $190,142,190 $190,142,190 $0 $0 $0 $0 $0 $0$250 M Grants, Bal. 5% $137,642,190 $137,642,190 $137,642,190 $137,642,190 $137,642,190 $0 $0 $0 $0 $0 $023/22/2004 Donlin Creek Mine -60 MW Average Demand, 20 Year Life, with Waste Heat SalesYear 2010 2015 2020 2025 2030 2035 2040 2045 2050 2055 2060 3. ExpensesAnnual Debt Service5% $32,108,445 $32,108,445 $32,108,445 $32,108,445 $32,108,445 $0 $0 $0 $0 $0 $0$100 M Grants, Bal. 5% $23,682,973 $23,682,973 $23,682,973 $23,682,973 $23,682,973 $0 $0 $0 $0 $0 $0$150 M Grants, Bal. 5% $19,470,237 $19,470,237 $19,470,237 $19,470,237 $19,470,237 $0 $0 $0 $0 $0 $0$200 M Grants, Bal. 5% $15,257,501 $15,257,501 $15,257,501 $15,257,501 $15,257,501 $0 $0 $0 $0 $0 $0$250 M Grants, Bal. 5% $11,044,765 $11,044,765 $11,044,765 $11,044,765 $11,044,765 $0 $0 $0 $0 $0 $0O&M CostsAnnual Fuel RequirementsCoal Tons 305,157 309,320 313,482 316,554 319,627 67,253 67,253 67,253 67,253 67,253 67,253Additional Coal for WH 6,000 6,000 6,000 6,000 6,000 6,000 6,000 6,000 6,000 6,000 6,000Total Coal 311,157 315,320 319,482 322,554 325,627 73,253 73,253 73,253 73,253 73,253 73,253 #1 Fuel Oil GallonsBethel 1,311,429 1,329,316 1,347,202 1,360,407 1,373,612 232,911 232,911 232,911 232,911 232,911 232,911CCKMine00000000000Coal $/Ton $55.00 $55.00 $55.00 $55.00 $55.00 $70.00 $70.00 $70.00 $70.00 $70.00 $70.00 #1 Fuel Oil $/GallonsBethel $1.20 $1.20 $1.20 $1.20 $1.20 $1.20 $1.20 $1.20 $1.20 $1.20 $1.20CCKMineAnnual Fuel CostsCoal $17,113,661 $17,342,573 $17,571,484 $17,740,481 $17,909,478 $5,127,679 $5,127,679 $5,127,679 $5,127,679 $5,127,679 $5,127,679 #1 Fuel OilBethel $1,573,715 $1,595,179 $1,616,643 $1,632,488 $1,648,334 $279,493 $279,493 $279,493 $279,493 $279,493 $279,493CCK $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Mine $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Annual Interest Fuel Supply Loan $509,974 $516,807 $523,640 $528,684 $533,728 $147,561 $147,561 $147,561 $147,561 $147,561 $147,561 O&M Tug + Barges $1,567,000 $1,567,000 $1,567,000 $1,567,000 $1,567,000 $375,000 $375,000 $375,000 $375,000 $375,000 $375,000 Purchased PwrDemand Charge $/KWEnergy Charge $/kwhCost of Purchased Pwr $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Total $20,764,351 $21,021,559 $21,278,767 $21,468,654 $21,658,540 $5,929,732 $5,929,732 $5,929,732 $5,929,732 $5,929,732 $5,929,732O&MCoal-PlantPersonnel 2,100,000 2,100,000 2,100,000 2,100,000 2,100,000 1,400,000 1,400,000 1,400,000 1,400,000 1,400,000 1,400,000Equipment/Supplies 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 2,500,000 2,500,000 2,500,000 2,500,000 2,500,000 2,500,000Combustion Turbine $174,985 $177,372 $179,759 $181,521 $183,283 $31,078 $31,078 $31,078 $31,078 $31,078 $31,078PersonnelEquipment/SuppliesNuvista Administration $400,000 $400,000 $400,000 $400,000 $400,000 $200,000 $200,000 $200,000 $200,000 $200,000 $200,000 138 kV T-Line $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 +100KV DC Line $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Waste Heat Sales Offset ($1,000,000) ($1,000,000) ($1,000,000) ($1,000,000) ($1,000,000) ($1,000,000) ($1,000,000) $1,000,000 $1,000,000$1,000,000 $1,000,000Total O&M $6,866,985 $6,869,372 $6,871,759 $6,873,521 $6,875,283 $3,323,078 $3,323,078 $5,323,078 $5,323,078 $5,323,078 $5,323,078PCE Payments $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $033/22/2004 Donlin Creek Mine -60 MW Average Demand, 20 Year Life, with Waste Heat SalesYear 2010 2015 2020 2025 2030 2035 2040 2045 2050 2055 2060Power CostsCapital Cost $/kWh5% $0.054 $0.054 $0.053 $0.052 $0.051 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000$100 M Grants, Bal. 5% $0.040 $0.039 $0.039 $0.038 $0.038 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000$150 M Grants, Bal. 5% $0.033 $0.032 $0.032 $0.032 $0.031 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000$200 M Grants, Bal. 5% $0.026 $0.025 $0.025 $0.025 $0.024 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000$250 M Grants, Bal. 5% $0.019 $0.018 $0.018 $0.018 $0.018 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000Fuel $/kWh $0.035 $0.035 $0.035 $0.035 $0.035 $0.060 $0.060 $0.060 $0.060 $0.060 $0.060 O&M $/kWh $0.012 $0.011 $0.011 $0.011 $0.011 $0.034 $0.034 $0.054 $0.054 $0.054 $0.054 Total $0.047 $0.046 $0.046 $0.046 $0.046 $0.094 $0.094 $0.115 $0.115 $0.115 $0.115 BreakEven Cost $/kWh5% $0.101 $0.100 $0.099 $0.098 $0.097 $0.094 $0.094 $0.115 $0.115 $0.115 $0.115 $100 M Grants, Bal. 5% $0.087 $0.086 $0.085 $0.084 $0.084 $0.094 $0.094 $0.115 $0.115 $0.115 $0.115 $150 M Grants, Bal. 5% $0.080 $0.079 $0.078 $0.078 $0.077 $0.094 $0.094 $0.115 $0.115 $0.115 $0.115 $200 M Grants, Bal. 5% $0.073 $0.072 $0.071 $0.071 $0.070 $0.094 $0.094 $0.115 $0.115 $0.115 $0.115 $250 M Grants, Bal. 5% $0.066 $0.065 $0.064 $0.064 $0.063 $0.094 $0.094 $0.115 $0.115 $0.115 $0.115 Wholesale Cost$/kWh5% 0.106 0.105 0.104 0.103 0.102 0.099 0.099 0.120 0.120 0.120 0.120$100 M Grants, Bal. 5% 0.092 0.091 0.090 0.089 0.089 0.099 0.099 0.120 0.120 0.120 0.120$150 M Grants, Bal. 5% 0.085 0.084 0.083 0.083 0.082 0.099 0.099 0.120 0.120 0.120 0.120$200 M Grants, Bal. 5% 0.078 0.077 0.076 0.076 0.075 0.099 0.099 0.120 0.120 0.120 0.120$250 M Grants, Bal. 5% 0.071 0.070 0.069 0.069 0.068 0.099 0.099 0.120 0.120 0.120 0.120Annual WholeSale Cost of Power5% $62,691,989 $62,999,316 $63,306,643 $63,533,531 $63,760,418 $9,742,960 $9,742,960 $11,742,960 $11,742,960 $11,742,960 $11,742,960$100 M Grants, Bal. 5% $54,266,517 $54,573,844 $54,881,171 $55,108,059 $55,334,947 $9,742,960 $9,742,960 $11,742,960 $11,742,960 $11,742,960 $11,742,960$150 M Grants, Bal. 5% $50,053,781 $50,361,108 $50,668,435 $50,895,323 $51,122,211 $9,742,960 $9,742,960 $11,742,960 $11,742,960 $11,742,960 $11,742,960$200 M Grants, Bal. 5% $45,841,045 $46,148,373 $46,455,700 $46,682,587 $46,909,475 $9,742,960 $9,742,960 $11,742,960 $11,742,960 $11,742,960 $11,742,960$250 M Grants, Bal. 5% $41,628,310 $41,935,637 $42,242,964 $42,469,851 $42,696,739 $9,742,960 $9,742,960 $11,742,960 $11,742,960 $11,742,960 $11,742,960Accumulated WholeSale Cost of Power5% 62,691,989 376,459,260 691,763,166 1,008,523,268 1,326,417,809 1,591,202,442 1,639,917,244 1,690,632,046 1,749,346,847 1,808,061,649 1,866,776,451$100 M Grants, Bal. 5% 54,266,517 325,906,430 599,082,978 873,715,721 1,149,482,904 1,380,565,651 1,429,280,452 1,479,995,254 1,538,710,056 1,597,424,858 1,656,139,660$150 M Grants, Bal. 5% 50,053,781 300,630,015 552,742,883 806,311,948 1,061,015,451 1,275,247,255 1,323,962,057 1,374,676,859 1,433,391,660 1,492,106,462 1,550,821,264$200 M Grants, Bal. 5% 45,841,045 275,353,600 506,402,789 738,908,175 972,547,999 1,169,928,859 1,218,643,661 1,269,358,463 1,328,073,265 1,386,788,066 1,445,502,868$250 M Grants, Bal. 5% 41,628,310 250,077,185 460,062,695 671,504,402 884,080,547 1,064,610,464 1,113,325,265 1,164,040,067 1,222,754,869 1,281,469,671 1,340,184,472Annual Net Income 2,952,208 2,999,940 3,047,673 3,082,912 3,118,151 490,151 490,151 490,151 490,151 490,151 490,151Accumulated Net Income 2,952,208 17,760,981 35,808,357 54,129,633 72,662,342 88,743,247 91,684,152 94,625,056 97,565,961 100,506,866 103,447,770Mine 20 yearPower cost5% $1,116,144,516$100 M Grants, Bal. 5% $966,140,597$150 M Grants, Bal. 5% $891,138,638$200 M Grants, Bal. 5% $816,136,679$250 M Grants, Bal. 5% $741,134,71943/22/2004 Donlin Creek Mine -60 MW Average Demand, 20 Year Life, with Waste Heat Sales97 MW Barge Mounted Coal Plant Bethel +46 MW Combustion Turbine + 138 KV T-Line to mine, with 2 million Equivalent diesel gallons Waste Heat SalesBethel+8 villagesYear 2010 2015 2020 2025 2030 2035 2040 2045 2050 2055 20601. Power RequirementsKWs Peak DemandDonlin Gold Mine 70,000 70,000 70,000 70,000 70,000 0 0 0 0 0 0Villages 2,281 2,630 2,980 3,123 3,266 3,350 3,433 3,433 3,433 3,433 3,433Bethel 9,580 10,995 12,410 13,407 14,403 14,403 14,403 14,403 14,403 14,403 14,403Line Loss 5,000 5,000 5,000 5,000 5,000 500 500 500 500 500 500In Plant Use 7,500 7,500 7,500 7,500 7,500 2,500 2,500 2,500 2,500 2,500 2,500Total KW 94,361 96,125 97,890 99,029 100,169 20,753 20,836 20,836 20,836 20,836 20,836KWHsDonlin Gold Mine 525,600,000 525,600,000 525,600,000 525,600,000 525,600,000 0 0 0 0 0 0Villages 10,295,423 11,782,606 13,269,790 14,645,290 16,020,790 16,020,790 16,020,790 16,020,790 16,020,790 16,020,790 16,020,790Bethel 54,546,206 62,605,493 70,664,781 76,337,072 82,009,364 82,009,364 82,009,364 82,009,364 82,009,364 82,009,364 82,009,364Total KWH Sales 590,441,628 599,988,100 609,534,571 616,582,362 623,630,154 98,030,154 98,030,154 98,030,154 98,030,154 98,030,154 98,030,154T-Line losses 43,800,000 43,800,000 43,800,000 43,800,000 43,800,000 4,380,000 4,380,000 4,380,000 4,380,000 4,380,000 4,380,000In Plant Use 65,700,000 65,700,000 65,700,000 65,700,000 65,700,000 21,900,000 21,900,000 21,900,000 21,900,000 21,900,000 21,900,000Total kWh Generated 699,941,628 709,488,100 719,034,571 726,082,362 733,130,154 124,310,154 124,310,154 124,310,154 124,310,154 124,310,154 124,310,154 Generation Capacity KWs CFB Coal Plant 97,000 97,000 97,000 97,000 97,000 97,000 97,000 97,000 97,000 97,000 97,000Combustion Turbine Bethel 46,000 46,000 46,000 46,000 46,000 46,000 46,000 46,000 46,000 46,000 46,000CCK00000000000 Mine00000000000Bethel Utilities Plant00000000000Total Capacity in KWs 143,000 143,000 143,000 143,000 143,000 143,000 143,000 143,000 143,000 143,000 143,000Generation KWHsCoal Plant 682,443,088 691,750,897 701,058,707 707,930,303 714,801,900 121,202,400 121,202,400 121,202,400 121,202,400 121,202,400 121,202,400Combustion Turbine Bethel 17,498,541 17,737,202 17,975,864 18,152,059 18,328,254 3,107,754 3,107,754 3,107,754 3,107,754 3,107,754 3,107,754CCK00000000000 Mine 00000000000Purchased Power000000000002. Capital Cost(1)Plant CostsCoal Plant $/kW $1,940 $1,940 $1,940 $1,940 $1,940 $1,940 $1,940 $1,940 $1,940 $1,940 $1,940Combustion Turbine $/kW Bethel $370 $370 $370 $370 $370 $370 $370 $370 $370 $370 $370CCK Mine Bethel Utilities Plant138 kV T-Line/Mile $680,900 $680,900 $680,900 $680,900 $680,900 $0 $0 $0 $0 $0 $013/22/2004 Donlin Creek Mine -60 MW Average Demand, 20 Year Life, with Waste Heat SalesYear 2010 2015 2020 2025 2030 2035 2040 2045 2050 2055 2060Plant Costs $Coal Plant $188,180,000 $188,180,000 $188,180,000 $188,180,000 $188,180,000 $0 $0 $0 $0 $0 $0Combustion Turbine Bethel $17,020,000 $17,020,000 $17,020,000 $17,020,000 $17,020,000 $0 $0 $0 $0 $0 $0CCK Mine $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Bethel Utilities PlantTotal $205,200,000 $205,200,000 $205,200,000 $205,200,000 $205,200,000 $0 $0 $0 $0 $0 $0138 kV T-Line @ 192 miles $130,732,800 $130,732,800 $130,732,800 $130,732,800 $130,732,800 $0 $0 $0 $0 $0 $0Bethel Diesel Plant $500,000 $500,000 $500,000 $500,000 $500,000 $0 $0 $0 $0 $0 $0138 kV Substations $4,100,000 $4,100,000 $4,100,000 $4,100,000 $4,100,000 $0 $0 $0 $0 $0 $0Village Sub.+ Dist. Lines $7,245,000 $7,245,000 $7,245,000 $7,245,000 $7,245,000 $0 $0 $0 $0 $0 $0 +100 kV DC Line @ 385 miles $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Total $142,577,800 $142,577,800 $142,577,800 $142,577,800 $142,577,800 $0 $0 $0 $0 $0 $0Tug + 3 Barges $11,600,000 $11,600,000 $11,600,000 $11,600,000 $11,600,000 $0 $0 $0 $0 $0 $0Enviormental Studies $6,000,000 $6,000,000 $6,000,000 $6,000,000 $6,000,000 $0 $0 $0 $0 $0 $0Fuel Storage Gallons Bethel 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000CCK00000000000 Mine00000000000Fuel Storage Costs $/Gallon Bethel $1.37 $1.37 $1.37 $1.37 $1.37 $1.37 $1.37 $1.37 $1.37 $1.37 $1.37CCK MineFuel Storage Costs Bethel $4,110,000 $4,110,000 $4,110,000 $4,110,000 $4,110,000 $0 $0 $0 $0 $0 $0CCK $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Mine $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Total Fuel Oil Storage $4,110,000 $4,110,000 $4,110,000 $4,110,000 $4,110,000 $0 $0 $0 $0 $0 $0District Heating System $11,600,000 $11,600,000 $11,600,000 $11,600,000 $11,600,000 $0 $0 $0 $0 $0 $0SubTotal Capital Costs $381,087,800 $381,087,800 $381,087,800 $381,087,800 $381,087,800 $0 $0 $0 $0 $0 $0Interest During Constuction5% $19,054,390 $19,054,390 $19,054,390 $19,054,390 $19,054,390 $0 $0 $0 $0 $0 $0$100 M Grants, Bal. 5% $14,054,390 $14,054,390 $14,054,390 $14,054,390 $14,054,390 $0 $0 $0 $0 $0 $0$150 M Grants, Bal. 5% $11,554,390 $11,554,390 $11,554,390 $11,554,390 $11,554,390 $0 $0 $0 $0 $0 $0$200 M Grants, Bal. 5% $9,054,390 $9,054,390 $9,054,390 $9,054,390 $9,054,390 $0 $0 $0 $0 $0 $0$250 M Grants, Bal. 5% $6,554,390 $6,554,390 $6,554,390 $6,554,390 $6,554,390 $0 $0 $0 $0 $0 $0Total Capital Cost5% $400,142,190 $400,142,190 $400,142,190 $400,142,190 $400,142,190 $0 $0 $0 $0 $0 $0$100 M Grants, Bal. 5% $295,142,190 $295,142,190 $295,142,190 $295,142,190 $295,142,190 $0 $0 $0 $0 $0 $0$150 M Grants, Bal. 5% $242,642,190 $242,642,190 $242,642,190 $242,642,190 $242,642,190 $0 $0 $0 $0 $0 $0$200 M Grants, Bal. 5% $190,142,190 $190,142,190 $190,142,190 $190,142,190 $190,142,190 $0 $0 $0 $0 $0 $0$250 M Grants, Bal. 5% $137,642,190 $137,642,190 $137,642,190 $137,642,190 $137,642,190 $0 $0 $0 $0 $0 $023/22/2004 Donlin Creek Mine -60 MW Average Demand, 20 Year Life, with Waste Heat SalesYear 2010 2015 2020 2025 2030 2035 2040 2045 2050 2055 2060 3. ExpensesAnnual Debt Service5% $32,108,445 $32,108,445 $32,108,445 $32,108,445 $32,108,445 $0 $0 $0 $0 $0 $0$100 M Grants, Bal. 5% $23,682,973 $23,682,973 $23,682,973 $23,682,973 $23,682,973 $0 $0 $0 $0 $0 $0$150 M Grants, Bal. 5% $19,470,237 $19,470,237 $19,470,237 $19,470,237 $19,470,237 $0 $0 $0 $0 $0 $0$200 M Grants, Bal. 5% $15,257,501 $15,257,501 $15,257,501 $15,257,501 $15,257,501 $0 $0 $0 $0 $0 $0$250 M Grants, Bal. 5% $11,044,765 $11,044,765 $11,044,765 $11,044,765 $11,044,765 $0 $0 $0 $0 $0 $0O&M CostsAnnual Fuel RequirementsCoal Tons 305,157 309,320 313,482 316,554 319,627 67,253 67,253 67,253 67,253 67,253 67,253Additional Coal for WH 12,000 12,000 12,000 12,000 12,000 12,000 12,000 12,000 12,000 12,000 12,000Total Coal 317,157 321,320 325,482 328,554 331,627 79,253 79,253 79,253 79,253 79,253 79,253 #1 Fuel Oil GallonsBethel 1,311,429 1,329,316 1,347,202 1,360,407 1,373,612 232,911 232,911 232,911 232,911 232,911 232,911CCKMine00000000000Coal $/Ton $55.00 $55.00 $55.00 $55.00 $55.00 $70.00 $70.00 $70.00 $70.00 $70.00 $70.00 #1 Fuel Oil $/GallonsBethel $1.20 $1.20 $1.20 $1.20 $1.20 $1.20 $1.20 $1.20 $1.20 $1.20 $1.20CCKMineAnnual Fuel CostsCoal $17,443,661 $17,672,573 $17,901,484 $18,070,481 $18,239,478 $5,547,679 $5,547,679 $5,547,679 $5,547,679 $5,547,679 $5,547,679 #1 Fuel OilBethel $1,573,715 $1,595,179 $1,616,643 $1,632,488 $1,648,334 $279,493 $279,493 $279,493 $279,493 $279,493 $279,493CCK $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Mine $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Annual Interest Fuel Supply Loan $518,980 $525,813 $532,645 $537,690 $542,734 $159,022 $159,022 $159,022 $159,022 $159,022 $159,022 O&M Tug + Barges $1,567,000 $1,567,000 $1,567,000 $1,567,000 $1,567,000 $375,000 $375,000 $375,000 $375,000 $375,000 $375,000 Purchased PwrDemand Charge $/KWEnergy Charge $/kwhCost of Purchased Pwr $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Total $21,103,356 $21,360,564 $21,617,772 $21,807,659 $21,997,546 $6,361,194 $6,361,194 $6,361,194 $6,361,194 $6,361,194 $6,361,194O&MCoal-PlantPersonnel 2,100,000 2,100,000 2,100,000 2,100,000 2,100,000 1,400,000 1,400,000 1,400,000 1,400,000 1,400,000 1,400,000Equipment/Supplies 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 2,500,000 2,500,000 2,500,000 2,500,000 2,500,000 2,500,000Combustion Turbine $174,985 $177,372 $179,759 $181,521 $183,283 $31,078 $31,078 $31,078 $31,078 $31,078 $31,078PersonnelEquipment/SuppliesNuvista Administration $400,000 $400,000 $400,000 $400,000 $400,000 $200,000 $200,000 $200,000 $200,000 $200,000 $200,000 138 kV T-Line $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 +100KV DC Line $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Waste Heat Sales Offset ($2,000,000) ($2,000,000) ($2,000,000) ($2,000,000) ($2,000,000) ($2,000,000) ($2,000,000) ($2,000,000) ($2,000,000) ($2,000,000) ($2,000,000)Total O&M $5,866,985 $5,869,372 $5,871,759 $5,873,521 $5,875,283 $2,323,078 $2,323,078 $2,323,078 $2,323,078 $2,323,078 $2,323,078PCE Payments $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $033/22/2004 Donlin Creek Mine -60 MW Average Demand, 20 Year Life, with Waste Heat SalesYear 2010 2015 2020 2025 2030 2035 2040 2045 2050 2055 2060Power CostsCapital Cost $/kWh5% $0.054 $0.054 $0.053 $0.052 $0.051 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000$100 M Grants, Bal. 5% $0.040 $0.039 $0.039 $0.038 $0.038 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000$150 M Grants, Bal. 5% $0.033 $0.032 $0.032 $0.032 $0.031 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000$200 M Grants, Bal. 5% $0.026 $0.025 $0.025 $0.025 $0.024 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000$250 M Grants, Bal. 5% $0.019 $0.018 $0.018 $0.018 $0.018 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000Fuel $/kWh $0.036 $0.036 $0.035 $0.035 $0.035 $0.065 $0.065 $0.065 $0.065 $0.065 $0.065 O&M $/kWh $0.010 $0.010 $0.010 $0.010 $0.009 $0.024 $0.024 $0.024 $0.024 $0.024 $0.024 Total $0.046 $0.045 $0.045 $0.045 $0.045 $0.089 $0.089 $0.089 $0.089 $0.089 $0.089 BreakEven Cost $/kWh5% $0.100 $0.099 $0.098 $0.097 $0.096 $0.089 $0.089 $0.089 $0.089 $0.089 $0.089 $100 M Grants, Bal. 5% $0.086 $0.085 $0.084 $0.083 $0.083 $0.089 $0.089 $0.089 $0.089 $0.089 $0.089 $150 M Grants, Bal. 5% $0.079 $0.078 $0.077 $0.076 $0.076 $0.089 $0.089 $0.089 $0.089 $0.089 $0.089 $200 M Grants, Bal. 5% $0.072 $0.071 $0.070 $0.070 $0.069 $0.089 $0.089 $0.089 $0.089 $0.089 $0.089 $250 M Grants, Bal. 5% $0.064 $0.064 $0.063 $0.063 $0.062 $0.089 $0.089 $0.089 $0.089 $0.089 $0.089 Wholesale Cost$/kWh5% 0.105 0.104 0.103 0.102 0.101 0.094 0.094 0.094 0.094 0.094 0.094$100 M Grants, Bal. 5% 0.091 0.090 0.089 0.088 0.088 0.094 0.094 0.094 0.094 0.094 0.094$150 M Grants, Bal. 5% 0.084 0.083 0.082 0.081 0.081 0.094 0.094 0.094 0.094 0.094 0.094$200 M Grants, Bal. 5% 0.077 0.076 0.075 0.075 0.074 0.094 0.094 0.094 0.094 0.094 0.094$250 M Grants, Bal. 5% 0.069 0.069 0.068 0.068 0.067 0.094 0.094 0.094 0.094 0.094 0.094Annual WholeSale Cost of Power5% $62,030,994 $62,338,321 $62,645,649 $62,872,536 $63,099,424 $9,174,422 $9,174,422 $9,174,422 $9,174,422 $9,174,422 $9,174,422$100 M Grants, Bal. 5% $53,605,523 $53,912,850 $54,220,177 $54,447,065 $54,673,952 $9,174,422 $9,174,422 $9,174,422 $9,174,422 $9,174,422 $9,174,422$150 M Grants, Bal. 5% $49,392,787 $49,700,114 $50,007,441 $50,234,329 $50,461,216 $9,174,422 $9,174,422 $9,174,422 $9,174,422 $9,174,422$9,174,422$200 M Grants, Bal. 5% $45,180,051 $45,487,378 $45,794,705 $46,021,593 $46,248,481 $9,174,422 $9,174,422 $9,174,422 $9,174,422 $9,174,422$9,174,422$250 M Grants, Bal. 5% $40,967,315 $41,274,642 $41,581,969 $41,808,857 $42,035,745 $9,174,422 $9,174,422 $9,174,422 $9,174,422 $9,174,422$9,174,422Accumulated WholeSale Cost of Power5% 62,030,994 372,493,293 684,492,228 997,947,358 1,312,536,927 1,574,109,044 1,619,981,155 1,665,853,265 1,711,725,375 1,757,597,486 1,803,469,596$100 M Grants, Bal. 5% 53,605,523 321,940,463 591,812,039 863,139,811 1,135,602,022 1,363,472,253 1,409,344,363 1,455,216,474 1,501,088,584 1,546,960,694 1,592,832,805$150 M Grants, Bal. 5% 49,392,787 296,664,048 545,471,945 795,736,038 1,047,134,570 1,258,153,857 1,304,025,968 1,349,898,078 1,395,770,188 1,441,642,299 1,487,514,409$200 M Grants, Bal. 5% 45,180,051 271,387,633 499,131,851 728,332,265 958,667,117 1,152,835,462 1,198,707,572 1,244,579,682 1,290,451,793 1,336,323,903 1,382,196,013$250 M Grants, Bal. 5% 40,967,315 246,111,219 452,791,757 660,928,492 870,199,665 1,047,517,066 1,093,389,176 1,139,261,287 1,185,133,397 1,231,005,507 1,276,877,618Annual Net Income 2,952,208 2,999,940 3,047,673 3,082,912 3,118,151 490,151 490,151 490,151 490,151 490,151 490,151Accumulated Net Income 2,952,208 17,760,981 35,808,357 54,129,633 72,662,342 88,743,247 91,684,152 94,625,056 97,565,961 100,506,866 103,447,77043/22/2004 Donlin Creek Mine -60 MW Average Demand, 20 Year Life, with Waste Heat Sales97 MW Barge Mounted Coal Plant Bethel +46 MW Combustion Turbine + 138 KV T-Line to mine, with 3 million Equivalent diesel gallons Waste Heat SalesBethel+8 villagesYear 2010 2015 2020 2025 2030 2035 2040 2045 2050 2055 20601. Power RequirementsKWs Peak DemandDonlin Gold Mine 70,000 70,000 70,000 70,000 70,000 0 0 0 0 0 0Villages 2,281 2,630 2,980 3,123 3,266 3,350 3,433 3,433 3,433 3,433 3,433Bethel 9,580 10,995 12,410 13,407 14,403 14,403 14,403 14,403 14,403 14,403 14,403Line Loss 5,000 5,000 5,000 5,000 5,000 500 500 500 500 500 500In Plant Use 7,500 7,500 7,500 7,500 7,500 2,500 2,500 2,500 2,500 2,500 2,500Total KW 94,361 96,125 97,890 99,029 100,169 20,753 20,836 20,836 20,836 20,836 20,836KWHsDonlin Gold Mine 525,600,000 525,600,000 525,600,000 525,600,000 525,600,000 0 0 0 0 0 0Villages 10,295,423 11,782,606 13,269,790 14,645,290 16,020,790 16,020,790 16,020,790 16,020,790 16,020,790 16,020,790 16,020,790Bethel 54,546,206 62,605,493 70,664,781 76,337,072 82,009,364 82,009,364 82,009,364 82,009,364 82,009,364 82,009,364 82,009,364Total KWH Sales 590,441,628 599,988,100 609,534,571 616,582,362 623,630,154 98,030,154 98,030,154 98,030,154 98,030,154 98,030,154 98,030,154T-Line losses 43,800,000 43,800,000 43,800,000 43,800,000 43,800,000 4,380,000 4,380,000 4,380,000 4,380,000 4,380,000 4,380,000In Plant Use 65,700,000 65,700,000 65,700,000 65,700,000 65,700,000 21,900,000 21,900,000 21,900,000 21,900,000 21,900,000 21,900,000Total kWh Generated 699,941,628 709,488,100 719,034,571 726,082,362 733,130,154 124,310,154 124,310,154 124,310,154 124,310,154 124,310,154 124,310,154 Generation Capacity KWs CFB Coal Plant 97,000 97,000 97,000 97,000 97,000 97,000 97,000 97,000 97,000 97,000 97,000Combustion Turbine Bethel 46,000 46,000 46,000 46,000 46,000 46,000 46,000 46,000 46,000 46,000 46,000CCK00000000000 Mine00000000000Bethel Utilities Plant00000000000Total Capacity in KWs 143,000 143,000 143,000 143,000 143,000 143,000 143,000 143,000 143,000 143,000 143,000Generation KWHsCoal Plant 682,443,088 691,750,897 701,058,707 707,930,303 714,801,900 121,202,400 121,202,400 121,202,400 121,202,400 121,202,400 121,202,400Combustion Turbine Bethel 17,498,541 17,737,202 17,975,864 18,152,059 18,328,254 3,107,754 3,107,754 3,107,754 3,107,754 3,107,754 3,107,754CCK00000000000 Mine 00000000000Purchased Power000000000002. Capital Cost(1)Plant CostsCoal Plant $/kW $1,940 $1,940 $1,940 $1,940 $1,940 $1,940 $1,940 $1,940 $1,940 $1,940 $1,940Combustion Turbine $/kW Bethel $370 $370 $370 $370 $370 $370 $370 $370 $370 $370 $370CCK Mine Bethel Utilities Plant138 kV T-Line/Mile $680,900 $680,900 $680,900 $680,900 $680,900 $0 $0 $0 $0 $0 $0Year 2010 2015 2020 2025 2030 2035 2040 2045 2050 2055 206013/22/2004 Donlin Creek Mine -60 MW Average Demand, 20 Year Life, with Waste Heat SalesPlant Costs $Coal Plant $188,180,000 $188,180,000 $188,180,000 $188,180,000 $188,180,000 $0 $0 $0 $0 $0 $0Combustion Turbine Bethel $17,020,000 $17,020,000 $17,020,000 $17,020,000 $17,020,000 $0 $0 $0 $0 $0 $0CCK Mine $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Bethel Utilities PlantTotal $205,200,000 $205,200,000 $205,200,000 $205,200,000 $205,200,000 $0 $0 $0 $0 $0 $0138 kV T-Line @ 192 miles $130,732,800 $130,732,800 $130,732,800 $130,732,800 $130,732,800 $0 $0 $0 $0 $0 $0Bethel Diesel Plant $500,000 $500,000 $500,000 $500,000 $500,000 $0 $0 $0 $0 $0 $0138 kV Substations $4,100,000 $4,100,000 $4,100,000 $4,100,000 $4,100,000 $0 $0 $0 $0 $0 $0Village Sub.+ Dist. Lines $7,245,000 $7,245,000 $7,245,000 $7,245,000 $7,245,000 $0 $0 $0 $0 $0 $0 +100 kV DC Line @ 385 miles $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Total $142,577,800 $142,577,800 $142,577,800 $142,577,800 $142,577,800 $0 $0 $0 $0 $0 $0Tug + 3 Barges $11,600,000 $11,600,000 $11,600,000 $11,600,000 $11,600,000 $0 $0 $0 $0 $0 $0Enviormental Studies $6,000,000 $6,000,000 $6,000,000 $6,000,000 $6,000,000 $0 $0 $0 $0 $0 $0Fuel Storage Gallons Bethel 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000CCK00000000000 Mine00000000000Fuel Storage Costs $/Gallon Bethel $1.37 $1.37 $1.37 $1.37 $1.37 $1.37 $1.37 $1.37 $1.37 $1.37 $1.37CCK MineFuel Storage Costs Bethel $4,110,000 $4,110,000 $4,110,000 $4,110,000 $4,110,000 $0 $0 $0 $0 $0 $0CCK $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Mine $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Total Fuel Oil Storage $4,110,000 $4,110,000 $4,110,000 $4,110,000 $4,110,000 $0 $0 $0 $0 $0 $0District Heating System $11,600,000 $11,600,000 $11,600,000 $11,600,000 $11,600,000 $0 $0 $0 $0 $0 $0SubTotal Capital Costs $381,087,800 $381,087,800 $381,087,800 $381,087,800 $381,087,800 $0 $0 $0 $0 $0 $0Interest During Constuction5% $19,054,390 $19,054,390 $19,054,390 $19,054,390 $19,054,390 $0 $0 $0 $0 $0 $0$100 M Grants, Bal. 5% $14,054,390 $14,054,390 $14,054,390 $14,054,390 $14,054,390 $0 $0 $0 $0 $0 $0$150 M Grants, Bal. 5% $11,554,390 $11,554,390 $11,554,390 $11,554,390 $11,554,390 $0 $0 $0 $0 $0 $0$200 M Grants, Bal. 5% $9,054,390 $9,054,390 $9,054,390 $9,054,390 $9,054,390 $0 $0 $0 $0 $0 $0$250 M Grants, Bal. 5% $6,554,390 $6,554,390 $6,554,390 $6,554,390 $6,554,390 $0 $0 $0 $0 $0 $0Total Capital Cost5% $400,142,190 $400,142,190 $400,142,190 $400,142,190 $400,142,190 $0 $0 $0 $0 $0 $0$100 M Grants, Bal. 5% $295,142,190 $295,142,190 $295,142,190 $295,142,190 $295,142,190 $0 $0 $0 $0 $0 $0$150 M Grants, Bal. 5% $242,642,190 $242,642,190 $242,642,190 $242,642,190 $242,642,190 $0 $0 $0 $0 $0 $0$200 M Grants, Bal. 5% $190,142,190 $190,142,190 $190,142,190 $190,142,190 $190,142,190 $0 $0 $0 $0 $0 $0$250 M Grants, Bal. 5% $137,642,190 $137,642,190 $137,642,190 $137,642,190 $137,642,190 $0 $0 $0 $0 $0 $023/22/2004 Donlin Creek Mine -60 MW Average Demand, 20 Year Life, with Waste Heat SalesYear 2010 2015 2020 2025 2030 2035 2040 2045 2050 2055 2060 3. ExpensesAnnual Debt Service5% $32,108,445 $32,108,445 $32,108,445 $32,108,445 $32,108,445 $0 $0 $0 $0 $0 $0$100 M Grants, Bal. 5% $23,682,973 $23,682,973 $23,682,973 $23,682,973 $23,682,973 $0 $0 $0 $0 $0 $0$150 M Grants, Bal. 5% $19,470,237 $19,470,237 $19,470,237 $19,470,237 $19,470,237 $0 $0 $0 $0 $0 $0$200 M Grants, Bal. 5% $15,257,501 $15,257,501 $15,257,501 $15,257,501 $15,257,501 $0 $0 $0 $0 $0 $0$250 M Grants, Bal. 5% $11,044,765 $11,044,765 $11,044,765 $11,044,765 $11,044,765 $0 $0 $0 $0 $0 $0O&M CostsAnnual Fuel RequirementsCoal Tons 305,157 309,320 313,482 316,554 319,627 67,253 67,253 67,253 67,253 67,253 67,253Additional Coal for WH 18,000 18,000 18,000 18,000 18,000 18,000 18,000 18,000 18,000 18,000 18,000Total Coal 323,157 327,320 331,482 334,554 337,627 85,253 #1 Fuel Oil GallonsBethel 1,311,429 1,329,316 1,347,202 1,360,407 1,373,612 232,911 232,911 232,911 232,911 232,911 232,911CCKMine00000000000Coal $/Ton $55.00 $55.00 $55.00 $55.00 $55.00 $70.00 $70.00 $70.00 $70.00 $70.00 $70.00 #1 Fuel Oil $/GallonsBethel $1.20 $1.20 $1.20 $1.20 $1.20 $1.20 $1.20 $1.20 $1.20 $1.20 $1.20CCKMineAnnual Fuel CostsCoal $17,773,661 $18,002,573 $18,231,484 $18,400,481 $18,569,478 $5,967,679 $0 $0 $0 $0 $0 #1 Fuel OilBethel $1,573,715 $1,595,179 $1,616,643 $1,632,488 $1,648,334 $279,493 $279,493 $279,493 $279,493 $279,493 $279,493CCK $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Mine $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Annual Interest Fuel Supply Loan $527,986 $534,818 $541,651 $546,695 $551,740 $170,484 $7,627 $7,627 $7,627 $7,627 $7,627 O&M Tug + Barges $1,567,000 $1,567,000 $1,567,000 $1,567,000 $1,567,000 $375,000 $375,000 $375,000 $375,000 $375,000 $375,000 Purchased PwrDemand Charge $/KWEnergy Charge $/kwhCost of Purchased Pwr $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Total $21,442,362 $21,699,570 $21,956,778 $22,146,665 $22,336,552 $6,792,655 $662,120 $662,120 $662,120 $662,120 $662,120O&MCoal-PlantPersonnel 2,100,000 2,100,000 2,100,000 2,100,000 2,100,000 1,400,000 1,400,000 1,400,000 1,400,000 1,400,000 1,400,000Equipment/Supplies 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 2,500,000 2,500,000 2,500,000 2,500,000 2,500,000 2,500,000Combustion Turbine $174,985 $177,372 $179,759 $181,521 $183,283 $31,078 $31,078 $31,078 $31,078 $31,078 $31,078PersonnelEquipment/SuppliesNuvista Administration $400,000 $400,000 $400,000 $400,000 $400,000 $200,000 $200,000 $200,000 $200,000 $200,000 $200,000 138 kV T-Line $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 +100KV DC Line $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Waste Heat Sales Offset ($3,000,000) ($3,000,000) ($3,000,000) ($3,000,000) ($3,000,000) ($3,000,000) ($3,000,000) ($3,000,000) ($3,000,000) ($3,000,000) ($3,000,000)Total O&M $4,866,985 $4,869,372 $4,871,759 $4,873,521 $4,875,283 $1,323,078 $1,323,078 $1,323,078 $1,323,078 $1,323,078 $1,323,078PCE Payments $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $033/22/2004 Donlin Creek Mine -60 MW Average Demand, 20 Year Life, with Waste Heat SalesYear 2010 2015 2020 2025 2030 2035 2040 2045 2050 2055 2060Power CostsCapital Cost $/kWh5% $0.054 $0.054 $0.053 $0.052 $0.051 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000$100 M Grants, Bal. 5% $0.040 $0.039 $0.039 $0.038 $0.038 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000$150 M Grants, Bal. 5% $0.033 $0.032 $0.032 $0.032 $0.031 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000$200 M Grants, Bal. 5% $0.026 $0.025 $0.025 $0.025 $0.024 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000$250 M Grants, Bal. 5% $0.019 $0.018 $0.018 $0.018 $0.018 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000Fuel $/kWh $0.036 $0.036 $0.036 $0.036 $0.036 $0.069 $0.007 $0.007 $0.007 $0.007 $0.007 O&M $/kWh $0.008 $0.008 $0.008 $0.008 $0.008 $0.013 $0.013 $0.013 $0.013 $0.013 $0.013 Total $0.045 $0.044 $0.044 $0.044 $0.044 $0.083 $0.020 $0.020 $0.020 $0.020 $0.020 BreakEven Cost $/kWh5% $0.099 $0.098 $0.097 $0.096 $0.095 $0.083 $0.020 $0.020 $0.020 $0.020 $0.020 $100 M Grants, Bal. 5% $0.085 $0.084 $0.083 $0.082 $0.082 $0.083 $0.020 $0.020 $0.020 $0.020 $0.020 $150 M Grants, Bal. 5% $0.078 $0.077 $0.076 $0.075 $0.075 $0.083 $0.020 $0.020 $0.020 $0.020 $0.020 $200 M Grants, Bal. 5% $0.070 $0.070 $0.069 $0.069 $0.068 $0.083 $0.020 $0.020 $0.020 $0.020 $0.020 $250 M Grants, Bal. 5% $0.063 $0.063 $0.062 $0.062 $0.061 $0.083 $0.020 $0.020 $0.020 $0.020 $0.020 Wholesale Cost$/kWh5% 0.104 0.103 0.102 0.101 0.100 0.088 0.025 0.025 0.025 0.025 0.025$100 M Grants, Bal. 5% 0.090 0.089 0.088 0.087 0.087 0.088 0.025 0.025 0.025 0.025 0.025$150 M Grants, Bal. 5% 0.083 0.082 0.081 0.080 0.080 0.088 0.025 0.025 0.025 0.025 0.025$200 M Grants, Bal. 5% 0.075 0.075 0.074 0.074 0.073 0.088 0.025 0.025 0.025 0.025 0.025$250 M Grants, Bal. 5% 0.068 0.068 0.067 0.067 0.066 0.088 0.025 0.025 0.025 0.025 0.025Annual WholeSale Cost of Power5% $61,370,000 $61,677,327 $61,984,654 $62,211,542 $62,438,430 $8,605,884 $2,475,349 $2,475,349 $2,475,349 $2,475,349 $2,475,349$100 M Grants, Bal. 5% $52,944,528 $53,251,855 $53,559,182 $53,786,070 $54,012,958 $8,605,884 $2,475,349 $2,475,349 $2,475,349 $2,475,349 $2,475,349$150 M Grants, Bal. 5% $48,731,793 $49,039,120 $49,346,447 $49,573,334 $49,800,222 $8,605,884 $2,475,349 $2,475,349 $2,475,349 $2,475,349$2,475,349$200 M Grants, Bal. 5% $44,519,057 $44,826,384 $45,133,711 $45,360,599 $45,587,486 $8,605,884 $2,475,349 $2,475,349 $2,475,349 $2,475,349$2,475,349$250 M Grants, Bal. 5% $40,306,321 $40,613,648 $40,920,975 $41,147,863 $41,374,750 $8,605,884 $2,475,349 $2,475,349 $2,475,349 $2,475,349$2,475,349Accumulated WholeSale Cost of Power5% 61,370,000 368,527,327 677,221,290 987,371,448 1,298,656,045 1,557,015,647 1,593,914,531 1,606,291,273 1,618,668,016 1,631,044,759 1,643,421,501$100 M Grants, Bal. 5% 52,944,528 317,974,497 584,541,101 852,563,901 1,121,721,140 1,346,378,856 1,383,277,739 1,395,654,482 1,408,031,225 1,420,407,967 1,432,784,710$150 M Grants, Bal. 5% 48,731,793 292,698,082 538,201,007 785,160,128 1,033,253,688 1,241,060,460 1,277,959,343 1,290,336,086 1,302,712,829 1,315,089,572 1,327,466,314$200 M Grants, Bal. 5% 44,519,057 267,421,667 491,860,913 717,756,355 944,786,235 1,135,742,064 1,172,640,948 1,185,017,690 1,197,394,433 1,209,771,176 1,222,147,919$250 M Grants, Bal. 5% 40,306,321 242,145,252 445,520,819 650,352,582 856,318,783 1,030,423,668 1,067,322,552 1,079,699,295 1,092,076,038 1,104,452,780 1,116,829,523Annual Net Income 2,952,208 2,999,940 3,047,673 3,082,912 3,118,151 490,151 490,151 490,151 490,151 490,151 490,151Accumulated Net Income 2,952,208 17,760,981 35,808,357 54,129,633 72,662,342 88,743,247 91,684,152 94,625,056 97,565,961 100,506,866 103,447,77043/22/2004 Donlin Creek Mine - 60 MW Average Load, 50 Year Mine Life97 MW Barge Mounted Coal Plant Bethel +46 MW Combustion Turbine + 138 KV T-Line to mine, No Waste Heat SalesBethel+8 villagesYear 2010 2015 2020 2025 2030 2035 2040 2045 2050 2055 20601. Power RequirementsKWs Peak DemandDonlin Gold Mine 70,000 70,000 70,000 70,000 70,000 70,000 70,000 70,000 70,000 70,000 70,000Villages 2,281 2,630 2,980 3,123 3,266 3,350 3,433 3,433 3,433 3,433 3,433Bethel 9,580 10,995 12,410 13,407 14,403 15,559 16,715 18,007 19,298 20,590 21,881Line Loss 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000In Plant Use 7,500 7,500 7,500 7,500 7,500 7,500 7,500 7,500 7,500 7,500 7,500Total KW 94,361 96,125 97,890 99,029 100,169 101,409 102,648 103,940 105,231 106,523 107,814KWHsDonlin Gold Mine 525,600,000 525,600,000 525,600,000 525,600,000 525,600,000 525,600,000 525,600,000 525,600,000 525,600,000 525,600,000 525,600,000Villages 10,295,423 11,782,606 13,269,790 14,645,290 16,020,790 17,032,550 18,044,309 18,232,998 18,421,686 18,610,375 18,799,063Bethel 54,546,206 62,605,493 70,664,781 76,337,072 82,009,364 97,614,444 113,219,524 121,047,966 128,876,408 136,704,850 144,533,292Total KWH Sales 590,441,628 599,988,100 609,534,571 616,582,362 623,630,154 640,246,993 656,863,833 664,880,963 672,898,094 680,915,224 688,932,355T-Line losses 43,800,000 43,800,000 43,800,000 43,800,000 43,800,000 43,800,000 43,800,000 43,800,000 43,800,000 43,800,000 43,800,000In Plant Use 65,700,000 65,700,000 65,700,000 65,700,000 65,700,000 65,700,000 65,700,000 65,700,000 65,700,000 65,700,000 65,700,000Total kWh Generated 699,941,628 709,488,100 719,034,571 726,082,362 733,130,154 749,746,993 766,363,833 774,380,963 782,398,094 790,415,224 798,432,355 Generation Capacity KWs CFB Coal Plant 97,000 97,000 97,000 97,000 97,000 97,000 97,000 97,000 97,000 97,000 97,000Combustion Turbine Bethel 46,000 46,000 46,000 46,000 46,000 46,000 46,000 46,000 46,000 46,000 46,000CCK000000000 0 0 Mine000000000 0 0Bethel Utilities Plant000000000 0 0Total Capacity in KWs 143,000 143,000 143,000 143,000 143,000 143,000 143,000 143,000 143,000 143,000 143,000Generation KWHsCoal Plant 682,443,088 691,750,897 701,058,707 707,930,303 714,801,900 731,003,318 747,204,737 755,021,439 762,838,141 770,654,844 778,471,546Combustion Turbine Bethel 17,498,541 17,737,202 17,975,864 18,152,059 18,328,254 18,743,675 19,159,096 19,359,524 19,559,952 19,760,381 19,960,809CCK000000000 0 0 Mine 000000000 0 0Purchased Power000000000 0 02. Capital Cost(1)Plant CostsCoal Plant $/kW $1,940 $1,940 $1,940 $1,940 $1,940 $1,940 $1,940 $1,940 $1,940 $1,940 $1,940Combustion Turbine $/kW Bethel $370 $370 $370 $370 $370 $370 $370 $370 $370 $370 $370CCK Mine Bethel Utilities Plant138 kV T-Line/Mile $680,900 $680,900 $680,900 $680,900 $680,900 $0 $0 $0 $0 $0 $013/22/2004 Donlin Creek Mine - 60 MW Average Load, 50 Year Mine LifeYear 2010 2015 2020 2025 2030 2035 2040 2045 2050 2055 2060Plant Costs $Coal Plant $188,180,000 $188,180,000 $188,180,000 $188,180,000 $188,180,000 $0 $0 $0 $0 $0 $0Combustion Turbine Bethel $17,020,000 $17,020,000 $17,020,000 $17,020,000 $17,020,000 $0 $0 $0 $0 $0 $0CCK Mine $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Bethel Utilities PlantTotal $205,200,000 $205,200,000 $205,200,000 $205,200,000 $205,200,000 $0 $0 $0 $0 $0 $0138 kV T-Line @ 192 miles $130,732,800 $130,732,800 $130,732,800 $130,732,800 $130,732,800 $0 $0 $0 $0 $0 $0Bethel Diesel Plant $500,000 $500,000 $500,000 $500,000 $500,000 $0 $0 $0 $0 $0 $0138 kV Substations $4,100,000 $4,100,000 $4,100,000 $4,100,000 $4,100,000 $0 $0 $0 $0 $0 $0Village Sub.+ Dist. Lines $7,245,000 $7,245,000 $7,245,000 $7,245,000 $7,245,000 $0 $0 $0 $0 $0 $0 +100 kV DC Line @ 385 miles $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Total $142,577,800 $142,577,800 $142,577,800 $142,577,800 $142,577,800 $0 $0 $0 $0 $0 $0Tug + 3 Barges $11,600,000 $11,600,000 $11,600,000 $11,600,000 $11,600,000 $0 $0 $0 $0 $0 $0Enviormental Studies $6,000,000 $6,000,000 $6,000,000 $6,000,000 $6,000,000 $0 $0 $0 $0 $0 $0Fuel Storage Gallons Bethel 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000CCK000000000 0 0 Mine000000000 0 0Fuel Storage Costs $/Gallon Bethel $1.37 $1.37 $1.37 $1.37 $1.37 $1.37 $1.37 $1.37 $1.37 $1.37 $1.37CCK MineFuel Storage Costs Bethel $4,110,000 $4,110,000 $4,110,000 $4,110,000 $4,110,000 $0 $0 $0 $0 $0 $0CCK $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Mine $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Total Fuel Oil Storage $4,110,000 $4,110,000 $4,110,000 $4,110,000 $4,110,000 $0 $0 $0 $0 $0 $0District Heating System $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0SubTotal Capital Costs $369,487,800 $369,487,800 $369,487,800 $369,487,800 $369,487,800 $0 $0 $0 $0 $0 $0Interest During Constuction5% $18,474,390 $18,474,390 $18,474,390 $18,474,390 $18,474,390 $0 $0 $0 $0 $0 $0$100 M Grants, Bal. 5% $13,474,390 $13,474,390 $13,474,390 $13,474,390 $13,474,390 $0 $0 $0 $0 $0 $0$150 M Grants, Bal. 5% $10,974,390 $10,974,390 $10,974,390 $10,974,390 $10,974,390 $0 $0 $0 $0 $0 $0$200 M Grants, Bal. 5% $8,474,390 $8,474,390 $8,474,390 $8,474,390 $8,474,390 $0 $0 $0 $0 $0 $0$250 M Grants, Bal. 5% $5,974,390 $5,974,390 $5,974,390 $5,974,390 $5,974,390 $0 $0 $0 $0 $0 $0Total Capital Cost5% $387,962,190 $387,962,190 $387,962,190 $387,962,190 $387,962,190 $0 $0 $0 $0 $0 $0$100 M Grants, Bal. 5% $282,962,190 $282,962,190 $282,962,190 $282,962,190 $282,962,190 $0 $0 $0 $0 $0 $0$150 M Grants, Bal. 5% $230,462,190 $230,462,190 $230,462,190 $230,462,190 $230,462,190 $0 $0 $0 $0 $0 $0$200 M Grants, Bal. 5% $177,962,190 $177,962,190 $177,962,190 $177,962,190 $177,962,190 $0 $0 $0 $0 $0 $0$250 M Grants, Bal. 5% $125,462,190 $125,462,190 $125,462,190 $125,462,190 $125,462,190 $0 $0 $0 $0 $0 $023/22/2004 Donlin Creek Mine - 60 MW Average Load, 50 Year Mine LifeYear 2010 2015 2020 2025 2030 2035 2040 2045 2050 2055 2060 3. ExpensesAnnual Debt Service5% $31,131,090 $31,131,090 $31,131,090 $31,131,090 $31,131,090 $0 $0 $0 $0 $0 $0$100 M Grants, Bal. 5% $22,705,618 $22,705,618 $22,705,618 $22,705,618 $22,705,618 $0 $0 $0 $0 $0 $0$150 M Grants, Bal. 5% $18,492,882 $18,492,882 $18,492,882 $18,492,882 $18,492,882 $0 $0 $0 $0 $0 $0$200 M Grants, Bal. 5% $14,280,147 $14,280,147 $14,280,147 $14,280,147 $14,280,147 $0 $0 $0 $0 $0 $0$250 M Grants, Bal. 5% $10,067,411 $10,067,411 $10,067,411 $10,067,411 $10,067,411 $0 $0 $0 $0 $0 $0O&M CostsAnnual Fuel RequirementsCoal Tons 305,157 309,320 313,482 316,554 319,627 326,871 334,116 337,611 341,106 344,602 348,097 #1 Fuel Oil GallonsBethel 1,311,429 1,329,316 1,347,202 1,360,407 1,373,612 1,404,746 1,435,879 1,450,901 1,465,922 1,480,943 1,495,964CCKMine000000000 0 0Coal $/Ton $55.00 $55.00 $55.00 $55.00 $55.00 $70.00 $70.00 $70.00 $70.00 $70.00 $70.00 #1 Fuel Oil $/GallonsBethel $1.20 $1.20 $1.20 $1.20 $1.20 $1.20 $1.20 $1.20 $1.20 $1.20 $1.20CCKMineAnnual Fuel CostsCoal $16,783,661 $17,012,573 $17,241,484 $17,410,481 $17,579,478 $22,880,998 $23,388,116 $23,632,785 $23,877,454 $24,122,123 $24,366,792 #1 Fuel OilBethel $1,573,715 $1,595,179 $1,616,643 $1,632,488 $1,648,334 $1,685,695 $1,723,055 $1,741,081 $1,759,106 $1,777,131 $1,795,157CCK $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Mine $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Annual Interest Fuel Supply Loan $500,969 $507,801 $514,634 $519,678 $524,723 $670,420 $685,278 $692,447 $699,616 $706,785 $713,954 O&M Tug + Barges $1,567,000 $1,567,000 $1,567,000 $1,567,000 $1,567,000 $375,000 $375,000 $375,000 $375,000 $375,000 $375,000 Purchased PwrDemand Charge $/KWEnergy Charge $/kwhCost of Purchased Pwr $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Total $20,425,345 $20,682,553 $20,939,761 $21,129,648 $21,319,535 $25,612,113 $26,171,450 $26,441,313 $26,711,176 $26,981,040 $27,250,903O&MCoal-PlantPersonnel 2,100,000 2,100,000 2,100,000 2,100,000 2,100,000 2,100,000 2,100,000 2,100,000 2,100,000 2,100,000 2,100,000Equipment/Supplies 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000Combustion Turbine $174,985 $177,372 $179,759 $181,521 $183,283 $187,437 $191,591 $193,595 $195,600 $197,604 $199,608PersonnelEquipment/SuppliesNuvista Administration $400,000 $400,000 $400,000 $400,000 $400,000 $400,000 $400,000 $400,000 $400,000 $400,000 $400,000 138 kV T-Line $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 +100KV DC Line $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Waste Heat Sales Offset $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Total O&M $7,866,985 $7,869,372 $7,871,759 $7,873,521 $7,875,283 $7,879,437 $7,883,591 $7,885,595 $7,887,600 $7,889,604 $7,891,60833/22/2004 Donlin Creek Mine - 60 MW Average Load, 50 Year Mine LifeYear 2010 2015 2020 2025 2030 2035 2040 2045 2050 2055 2060PCE Payments $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Power CostsCapital Cost $/kWh5% $0.053 $0.052 $0.051 $0.050 $0.050 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000$100 M Grants, Bal. 5% $0.038 $0.038 $0.037 $0.037 $0.036 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000$150 M Grants, Bal. 5% $0.031 $0.031 $0.030 $0.030 $0.030 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000$200 M Grants, Bal. 5% $0.024 $0.024 $0.023 $0.023 $0.023 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000$250 M Grants, Bal. 5% $0.017 $0.017 $0.017 $0.016 $0.016 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000Fuel $/kWh $0.035 $0.034 $0.034 $0.034 $0.034 $0.040 $0.040 $0.040 $0.040 $0.040 $0.040 O&M $/kWh $0.013 $0.013 $0.013 $0.013 $0.013 $0.012 $0.012 $0.012 $0.012 $0.012 $0.011 Total $0.048 $0.048 $0.047 $0.047 $0.047 $0.052 $0.052 $0.052 $0.051 $0.051 $0.051 BreakEven Cost $/kWh5% $0.101 $0.099 $0.098 $0.098 $0.097 $0.052 $0.052 $0.052 $0.051 $0.051 $0.051 $100 M Grants, Bal. 5% $0.086 $0.085 $0.085 $0.084 $0.083 $0.052 $0.052 $0.052 $0.051 $0.051 $0.051 $150 M Grants, Bal. 5% $0.079 $0.078 $0.078 $0.077 $0.076 $0.052 $0.052 $0.052 $0.051 $0.051 $0.051 $200 M Grants, Bal. 5% $0.072 $0.071 $0.071 $0.070 $0.070 $0.052 $0.052 $0.052 $0.051 $0.051 $0.051 $250 M Grants, Bal. 5% $0.065 $0.064 $0.064 $0.063 $0.063 $0.052 $0.052 $0.052 $0.051 $0.051 $0.051 Wholesale Cost$/kWh5% 0.106 0.104 0.103 0.103 0.102 0.057 0.057 0.057 0.056 0.056 0.056$100 M Grants, Bal. 5% 0.091 0.090 0.090 0.089 0.088 0.057 0.057 0.057 0.056 0.056 0.056$150 M Grants, Bal. 5% 0.084 0.083 0.083 0.082 0.081 0.057 0.057 0.057 0.056 0.056 0.056$200 M Grants, Bal. 5% 0.077 0.076 0.076 0.075 0.075 0.057 0.057 0.057 0.056 0.056 0.056$250 M Grants, Bal. 5% 0.070 0.069 0.069 0.068 0.068 0.057 0.057 0.057 0.056 0.056 0.056Annual WholeSale Cost of Power5% $62,375,628 $62,682,955 $62,990,283 $63,217,170 $63,444,058 $36,692,784 $37,339,360 $37,651,313 $37,963,266 $38,275,219 $38,587,173$100 M Grants, Bal. 5% $53,950,157 $54,257,484 $54,564,811 $54,791,699 $55,018,586 $36,692,784 $37,339,360 $37,651,313 $37,963,266 $38,275,219 $38,587,173$150 M Grants, Bal. 5% $49,737,421 $50,044,748 $50,352,075 $50,578,963 $50,805,850 $36,692,784 $37,339,360 $37,651,313 $37,963,266 $38,275,219 $38,587,173$200 M Grants, Bal. 5% $45,524,685 $45,832,012 $46,139,339 $46,366,227 $46,593,115 $36,692,784 $37,339,360 $37,651,313 $37,963,266 $38,275,219 $38,587,173$250 M Grants, Bal. 5% $41,311,949 $41,619,276 $41,926,603 $42,153,491 $42,380,379 $36,692,784 $37,339,360 $37,651,313 $37,963,266 $38,275,219 $38,587,173Accumulated WholeSale Cost of Power5% 62,375,628 374,561,098 688,283,202 1,003,461,502 1,319,774,241 1,610,243,258 1,794,353,755 1,981,362,507 2,169,931,024 2,360,059,309 2,551,747,359$100 M Grants, Bal. 5% 53,950,157 324,008,268 595,603,014 868,653,956 1,142,839,337 1,399,606,466 1,583,716,964 1,770,725,715 1,959,294,233 2,149,422,517 2,341,110,568$150 M Grants, Bal. 5% 49,737,421 298,731,853 549,262,920 801,250,183 1,054,371,884 1,294,288,071 1,478,398,568 1,665,407,320 1,853,975,837 2,044,104,122 2,235,792,172$200 M Grants, Bal. 5% 45,524,685 273,455,438 502,922,826 733,846,409 965,904,432 1,188,969,675 1,373,080,172 1,560,088,924 1,748,657,442 1,938,785,726 2,130,473,776$250 M Grants, Bal. 5% 41,311,949 248,179,023 456,582,731 666,442,636 877,436,979 1,083,651,279 1,267,761,777 1,454,770,528 1,643,339,046 1,833,467,330 2,025,155,381Annual Net Income 2,952,208 2,999,940 3,047,673 3,082,912 3,118,151 3,201,235 3,284,319 3,324,405 3,364,490 3,404,576 3,444,662Accumulated Net Income 2,952,208 17,760,981 35,808,357 54,129,633 72,662,342 91,454,331 110,744,825 130,490,826 150,477,340 170,704,369 191,171,91143/22/2004 Donlin Creek Mine - 60 MW Average Load 1st 20 Years, 30 MW Thereafter 97 MW Barge Mounted Coal Plant Bethel +46 MW Combustion Turbine + 138 KV T-Line to mine, No Waste Heat SalesBethel+8 villagesYear 2010 2015 2020 2025 2030 2035 2040 2045 2050 2055 20601. Power RequirementsKWs Peak DemandDonlin Gold Mine 70,000 70,000 70,000 70,000 70,000 35,000 35,000 35,000 35,000 35,000 35,000Villages 2,281 2,630 2,980 3,123 3,266 3,350 3,433 3,433 3,433 3,433 3,433Bethel 9,580 10,995 12,410 13,407 14,403 15,559 16,715 18,007 19,298 20,590 21,881Line Loss 5,000 5,000 5,000 5,000 5,000 1,500 1,500 1,500 1,500 1,500 1,500In Plant Use 7,500 7,500 7,500 7,500 7,500 7,500 7,500 7,500 7,500 7,500 7,500Total KW 94,361 96,125 97,890 99,029 100,169 62,909 64,148 65,440 66,731 68,023 69,314KWHsDonlin Gold Mine 525,600,000 525,600,000 525,600,000 525,600,000 525,600,000 262,800,000 262,800,000 262,800,000 262,800,000 262,800,000 262,800,000Villages 10,295,423 11,782,606 13,269,790 14,645,290 16,020,790 17,032,550 18,044,309 18,232,998 18,421,686 18,610,375 18,799,063Bethel 54,546,206 62,605,493 70,664,781 76,337,072 82,009,364 97,614,444 113,219,524 121,047,966 128,876,408 136,704,850 144,533,292Total KWH Sales 590,441,628 599,988,100 609,534,571 616,582,362 623,630,154 377,446,993 394,063,833 402,080,963 410,098,094 418,115,224 426,132,355T-Line losses 43,800,000 43,800,000 43,800,000 43,800,000 43,800,000 13,140,000 13,140,000 13,140,000 13,140,000 13,140,000 13,140,000In Plant Use 65,700,000 65,700,000 65,700,000 65,700,000 65,700,000 65,700,000 65,700,000 65,700,000 65,700,000 65,700,000 65,700,000Total kWh Generated 699,941,628 709,488,100 719,034,571 726,082,362 733,130,154 456,286,993 472,903,833 480,920,963 488,938,094 496,955,224 504,972,355 Generation Capacity KWs CFB Coal Plant 97,000 97,000 97,000 97,000 97,000 97,000 97,000 97,000 97,000 97,000 97,000Combustion Turbine Bethel 46,000 46,000 46,000 46,000 46,000 46,000 46,000 46,000 46,000 46,000 46,000CCK0000000000 0 Mine0000000000 0Bethel Utilities Plant0000000000 0Total Capacity in KWs 143,000 143,000 143,000 143,000 143,000 143,000 143,000 143,000 143,000 143,000 143,000Generation KWHsCoal Plant 682,443,088 691,750,897 701,058,707 707,930,303 714,801,900 444,879,818 461,081,237 468,897,939 476,714,641 484,531,344 492,348,046Combustion Turbine Bethel 17,498,541 17,737,202 17,975,864 18,152,059 18,328,254 11,407,175 11,822,596 12,023,024 12,223,452 12,423,881 12,624,309CCK0000000000 0 Mine 0000000000 0Purchased Power0000000000 02. Capital Cost(1)Plant CostsCoal Plant $/kW $1,940 $1,940 $1,940 $1,940 $1,940 $1,940 $1,940 $1,940 $1,940 $1,940 $1,940Combustion Turbine $/kW Bethel $370 $370 $370 $370 $370 $370 $370 $370 $370 $370 $370CCK Mine Bethel Utilities Plant138 kV T-Line/Mile $680,900 $680,900 $680,900 $680,900 $680,900 $0 $0 $0 $0 $0 $013/22/2004 Donlin Creek Mine - 60 MW Average Load 1st 20 Years, 30 MW Thereafter Year 2010 2015 2020 2025 2030 2035 2040 2045 2050 2055 2060Plant Costs $Coal Plant $188,180,000 $188,180,000 $188,180,000 $188,180,000 $188,180,000 $0 $0 $0 $0 $0 $0Combustion Turbine Bethel $17,020,000 $17,020,000 $17,020,000 $17,020,000 $17,020,000 $0 $0 $0 $0 $0 $0CCK Mine $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Bethel Utilities PlantTotal $205,200,000 $205,200,000 $205,200,000 $205,200,000 $205,200,000 $0 $0 $0 $0 $0 $0138 kV T-Line @ 192 miles $130,732,800 $130,732,800 $130,732,800 $130,732,800 $130,732,800 $0 $0 $0 $0 $0 $0Bethel Diesel Plant $500,000 $500,000 $500,000 $500,000 $500,000 $0 $0 $0 $0 $0 $0138 kV Substations $4,100,000 $4,100,000 $4,100,000 $4,100,000 $4,100,000 $0 $0 $0 $0 $0 $0Village Sub.+ Dist. Lines $7,245,000 $7,245,000 $7,245,000 $7,245,000 $7,245,000 $0 $0 $0 $0 $0 $0 +100 kV DC Line @ 385 miles $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Total $142,577,800 $142,577,800 $142,577,800 $142,577,800 $142,577,800 $0 $0 $0 $0 $0 $0Tug + 3 Barges $11,600,000 $11,600,000 $11,600,000 $11,600,000 $11,600,000 $0 $0 $0 $0 $0 $0Enviormental Studies $6,000,000 $6,000,000 $6,000,000 $6,000,000 $6,000,000 $0 $0 $0 $0 $0 $0Fuel Storage Gallons Bethel 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000CCK0000000000 0 Mine0000000000 0Fuel Storage Costs $/Gallon Bethel $1.37 $1.37 $1.37 $1.37 $1.37 $1.37 $1.37 $1.37 $1.37 $1.37 $1.37CCK MineFuel Storage Costs Bethel $4,110,000 $4,110,000 $4,110,000 $4,110,000 $4,110,000 $0 $0 $0 $0 $0 $0CCK $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Mine $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Total Fuel Oil Storage $4,110,000 $4,110,000 $4,110,000 $4,110,000 $4,110,000 $0 $0 $0 $0 $0 $0District Heating System $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0SubTotal Capital Costs $369,487,800 $369,487,800 $369,487,800 $369,487,800 $369,487,800 $0 $0 $0 $0 $0 $0Interest During Constuction5% $18,474,390 $18,474,390 $18,474,390 $18,474,390 $18,474,390 $0 $0 $0 $0 $0 $0$100 M Grants, Bal. 5% $13,474,390 $13,474,390 $13,474,390 $13,474,390 $13,474,390 $0 $0 $0 $0 $0 $0$150 M Grants, Bal. 5% $10,974,390 $10,974,390 $10,974,390 $10,974,390 $10,974,390 $0 $0 $0 $0 $0 $0$200 M Grants, Bal. 5% $8,474,390 $8,474,390 $8,474,390 $8,474,390 $8,474,390 $0 $0 $0 $0 $0 $0$250 M Grants, Bal. 5% $5,974,390 $5,974,390 $5,974,390 $5,974,390 $5,974,390 $0 $0 $0 $0 $0 $0Total Capital Cost5% $387,962,190 $387,962,190 $387,962,190 $387,962,190 $387,962,190 $0 $0 $0 $0 $0 $0$100 M Grants, Bal. 5% $282,962,190 $282,962,190 $282,962,190 $282,962,190 $282,962,190 $0 $0 $0 $0 $0 $0$150 M Grants, Bal. 5% $230,462,190 $230,462,190 $230,462,190 $230,462,190 $230,462,190 $0 $0 $0 $0 $0 $0$200 M Grants, Bal. 5% $177,962,190 $177,962,190 $177,962,190 $177,962,190 $177,962,190 $0 $0 $0 $0 $0 $0$250 M Grants, Bal. 5% $125,462,190 $125,462,190 $125,462,190 $125,462,190 $125,462,190 $0 $0 $0 $0 $0 $023/22/2004 Donlin Creek Mine - 60 MW Average Load 1st 20 Years, 30 MW Thereafter Year 2010 2015 2020 2025 2030 2035 2040 2045 2050 2055 2060 3. ExpensesAnnual Debt Service5% $31,131,090 $31,131,090 $31,131,090 $31,131,090 $31,131,090 $0 $0 $0 $0 $0 $0$100 M Grants, Bal. 5% $22,705,618 $22,705,618 $22,705,618 $22,705,618 $22,705,618 $0 $0 $0 $0 $0 $0$150 M Grants, Bal. 5% $18,492,882 $18,492,882 $18,492,882 $18,492,882 $18,492,882 $0 $0 $0 $0 $0 $0$200 M Grants, Bal. 5% $14,280,147 $14,280,147 $14,280,147 $14,280,147 $14,280,147 $0 $0 $0 $0 $0 $0$250 M Grants, Bal. 5% $10,067,411 $10,067,411 $10,067,411 $10,067,411 $10,067,411 $0 $0 $0 $0 $0 $0O&M CostsAnnual Fuel RequirementsCoal Tons 305,157 309,320 313,482 316,554 319,627 198,930 206,175 209,670 213,165 216,660 220,156 #1 Fuel Oil GallonsBethel 1,311,429 1,329,316 1,347,202 1,360,407 1,373,612 854,911 886,045 901,066 916,087 931,108 946,130CCKMine0000000000 0Coal $/Ton $55.00 $55.00 $55.00 $55.00 $55.00 $70.00 $70.00 $70.00 $70.00 $70.00 $70.00 #1 Fuel Oil $/GallonsBethel $1.20 $1.20 $1.20 $1.20 $1.20 $1.20 $1.20 $1.20 $1.20 $1.20 $1.20CCKMineAnnual Fuel CostsCoal $16,783,661 $17,012,573 $17,241,484 $17,410,481 $17,579,478 $13,925,100 $14,432,218 $14,676,887 $14,921,556 $15,166,225 $15,410,894 #1 Fuel OilBethel $1,573,715 $1,595,179 $1,616,643 $1,632,488 $1,648,334 $1,025,894 $1,063,254 $1,081,279 $1,099,305 $1,117,330 $1,135,355CCK $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Mine $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Annual Interest Fuel Supply Loan $500,969 $507,801 $514,634 $519,678 $524,723 $408,009 $422,868 $430,037 $437,206 $444,375 $451,544 O&M Tug + Barges $1,567,000 $1,567,000 $1,567,000 $1,567,000 $1,567,000 $375,000 $375,000 $375,000 $375,000 $375,000 $375,000 Purchased PwrDemand Charge $/KWEnergy Charge $/kwhCost of Purchased Pwr $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Total $20,425,345 $20,682,553 $20,939,761 $21,129,648 $21,319,535 $15,734,003 $16,293,340 $16,563,203 $16,833,066 $17,102,930 $17,372,793O&MCoal-PlantPersonnel 2,100,000 2,100,000 2,100,000 2,100,000 2,100,000 2,100,000 2,100,000 2,100,000 2,100,000 2,100,000 2,100,000Equipment/Supplies 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000Combustion Turbine $174,985 $177,372 $179,759 $181,521 $183,283 $114,072 $118,226 $120,230 $122,235 $124,239 $126,243PersonnelEquipment/SuppliesNuvista Administration $400,000 $400,000 $400,000 $400,000 $400,000 $400,000 $400,000 $400,000 $400,000 $400,000 $400,000 138 kV T-Line $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 +100KV DC Line $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Waste Heat Sales Offset $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $033/22/2004 Donlin Creek Mine - 60 MW Average Load 1st 20 Years, 30 MW Thereafter Year 2010 2015 2020 2025 2030 2035 2040 2045 2050 2055 2060Total O&M $7,868,995 $7,871,387 $7,873,779 $7,875,546 $7,877,313 $7,808,107 $7,812,266 $7,814,275 $7,816,285 $7,818,294 $7,820,303PCE Payments $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Power CostsCapital Cost $/kWh5% $0.053 $0.052 $0.051 $0.050 $0.050 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000$100 M Grants, Bal. 5% $0.038 $0.038 $0.037 $0.037 $0.036 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000$150 M Grants, Bal. 5% $0.031 $0.031 $0.030 $0.030 $0.030 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000$200 M Grants, Bal. 5% $0.024 $0.024 $0.023 $0.023 $0.023 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000$250 M Grants, Bal. 5% $0.017 $0.017 $0.017 $0.016 $0.016 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000Fuel $/kWh $0.035 $0.034 $0.034 $0.034 $0.034 $0.042 $0.041 $0.041 $0.041 $0.041 $0.041 O&M $/kWh $0.013 $0.013 $0.013 $0.013 $0.013 $0.021 $0.020 $0.019 $0.019 $0.019 $0.018 Total $0.048 $0.048 $0.047 $0.047 $0.047 $0.062 $0.061 $0.061 $0.060 $0.060 $0.059 BreakEven Cost $/kWh5% $0.101 $0.099 $0.098 $0.098 $0.097 $0.062 $0.061 $0.061 $0.060 $0.060 $0.059 $100 M Grants, Bal. 5% $0.086 $0.085 $0.085 $0.084 $0.083 $0.062 $0.061 $0.061 $0.060 $0.060 $0.059 $150 M Grants, Bal. 5% $0.079 $0.078 $0.078 $0.077 $0.076 $0.062 $0.061 $0.061 $0.060 $0.060 $0.059 $200 M Grants, Bal. 5% $0.072 $0.071 $0.071 $0.070 $0.070 $0.062 $0.061 $0.061 $0.060 $0.060 $0.059 $250 M Grants, Bal. 5% $0.065 $0.064 $0.064 $0.063 $0.063 $0.062 $0.061 $0.061 $0.060 $0.060 $0.059 Wholesale Cost$/kWh5% 0.106 0.104 0.103 0.103 0.102 0.067 0.066 0.066 0.065 0.065 0.064$100 M Grants, Bal. 5% 0.091 0.090 0.090 0.089 0.088 0.067 0.066 0.066 0.065 0.065 0.064$150 M Grants, Bal. 5% 0.084 0.083 0.083 0.082 0.081 0.067 0.066 0.066 0.065 0.065 0.064$200 M Grants, Bal. 5% 0.077 0.076 0.076 0.075 0.075 0.067 0.066 0.066 0.065 0.065 0.064$250 M Grants, Bal. 5% 0.070 0.069 0.069 0.068 0.068 0.067 0.066 0.066 0.065 0.065 0.064Annual WholeSale Cost of Power5% $62,377,638 $62,684,970 $62,992,303 $63,219,195 $63,446,088 $25,429,345 $26,075,925 $26,387,883 $26,699,841 $27,011,800 $27,323,758$100 M Grants, Bal. 5% $53,952,167 $54,259,499 $54,566,831 $54,793,724 $55,020,616 $25,429,345 $26,075,925 $26,387,883 $26,699,841 $27,011,800 $27,323,758$150 M Grants, Bal. 5% $49,739,431 $50,046,763 $50,354,095 $50,580,988 $50,807,880 $25,429,345 $26,075,925 $26,387,883 $26,699,841 $27,011,800 $27,323,758$200 M Grants, Bal. 5% $45,526,695 $45,834,027 $46,141,359 $46,368,252 $46,595,145 $25,429,345 $26,075,925 $26,387,883 $26,699,841 $27,011,800 $27,323,758$250 M Grants, Bal. 5% $41,313,959 $41,621,291 $41,928,623 $42,155,516 $42,382,409 $25,429,345 $26,075,925 $26,387,883 $26,699,841 $27,011,800 $27,323,758Accumulated WholeSale Cost of Power5% 62,377,638 374,573,163 688,305,347 1,003,493,752 1,319,816,621 1,599,030,318 1,726,823,621 1,857,515,204 1,989,766,578 2,123,577,743 2,258,948,700$100 M Grants, Bal. 5% 53,952,167 324,020,333 595,625,159 868,686,206 1,142,881,717 1,388,393,527 1,516,186,830 1,646,878,413 1,779,129,787 1,912,940,952 2,048,311,908$150 M Grants, Bal. 5% 49,739,431 298,743,918 549,285,065 801,282,433 1,054,414,264 1,283,075,131 1,410,868,434 1,541,560,017 1,673,811,391 1,807,622,556 1,942,993,513$200 M Grants, Bal. 5% 45,526,695 273,467,503 502,944,971 733,878,659 965,946,812 1,177,756,735 1,305,550,039 1,436,241,621 1,568,492,995 1,702,304,160 1,837,675,117$250 M Grants, Bal. 5% 41,313,959 248,191,088 456,604,876 666,474,886 877,479,359 1,072,438,339 1,200,231,643 1,330,923,226 1,463,174,599 1,596,985,765 1,732,356,721Annual Net Income 2,952,208 2,999,940 3,047,673 3,082,912 3,118,151 1,887,235 1,970,319 2,010,405 2,050,490 2,090,576 2,130,662Accumulated Net Income 2,952,208 17,760,981 35,808,357 54,129,633 72,662,342 90,140,331 101,546,825 113,408,826 125,511,340 137,854,369 150,437,91143/22/2004 Donlin Creek Mine - 60 MW Average Load, 20 Year Mine Life97 MW Barge Mounted Coal Plant Bethel +46 MW Combustion Turbine + 138 KV T-Line to mine, No Waste Heat Sales, Coal @ $57.25 /tonBethel+8 villagesYear 2010 2015 2020 2025 2030 2035 2040 2045 2050 2055 20601. Power RequirementsKWs Peak DemandDonlin Gold Mine 70,000 70,000 70,000 70,000 70,000 0 0 0 0 0 0Villages 2,281 2,630 2,980 3,123 3,266 3,350 3,433 3,433 3,433 3,433 3,433Bethel 9,580 10,995 12,410 13,407 14,403 14,403 14,403 14,403 14,403 14,403 14,403Line Loss 5,000 5,000 5,000 5,000 5,000 500 500 500 500 500 500In Plant Use 7,500 7,500 7,500 7,500 7,500 2,500 2,500 2,500 2,500 2,500 2,500Total KW 94,361 96,125 97,890 99,029 100,169 20,753 20,836 20,836 20,836 20,836 20,836KWHsDonlin Gold Mine 525,600,000 525,600,000 525,600,000 525,600,000 525,600,000 0 0 0 0 0 0Villages 10,295,423 11,782,606 13,269,790 14,645,290 16,020,790 16,020,790 16,020,790 16,020,790 16,020,790 16,020,790 16,020,790Bethel 54,546,206 62,605,493 70,664,781 76,337,072 82,009,364 82,009,364 82,009,364 82,009,364 82,009,364 82,009,364 82,009,364Total KWH Sales 590,441,628 599,988,100 609,534,571 616,582,362 623,630,154 98,030,154 98,030,154 98,030,154 98,030,154 98,030,154 98,030,154T-Line losses 43,800,000 43,800,000 43,800,000 43,800,000 43,800,000 4,380,000 4,380,000 4,380,000 4,380,000 4,380,000 4,380,000In Plant Use 65,700,000 65,700,000 65,700,000 65,700,000 65,700,000 21,900,000 21,900,000 21,900,000 21,900,000 21,900,000 21,900,000Total kWh Generated 699,941,628 709,488,100 719,034,571 726,082,362 733,130,154 124,310,154 124,310,154 124,310,154 124,310,154 124,310,154 124,310,154 Generation Capacity KWs CFB Coal Plant 97,000 97,000 97,000 97,000 97,000 97,000 97,000 97,000 97,000 97,000 97,000Combustion Turbine Bethel 46,000 46,000 46,000 46,000 46,000 46,000 46,000 46,000 46,000 46,000 46,000CCK00000000 000 Mine00000000 000Bethel Utilities Plant00000000 000Total Capacity in KWs 143,000 143,000 143,000 143,000 143,000 143,000 143,000 143,000 143,000 143,000 143,000Generation KWHsCoal Plant 682,443,088 691,750,897 701,058,707 707,930,303 714,801,900 121,202,400 121,202,400 121,202,400 121,202,400 121,202,400 121,202,400Combustion Turbine Bethel 17,498,541 17,737,202 17,975,864 18,152,059 18,328,254 3,107,754 3,107,754 3,107,754 3,107,754 3,107,754 3,107,754CCK00000000 000 Mine 00000000 000Purchased Power00000000 0002. Capital Cost(1)Plant CostsCoal Plant $/kW $1,940 $1,940 $1,940 $1,940 $1,940 $1,940 $1,940 $1,940 $1,940 $1,940 $1,940Combustion Turbine $/kW Bethel $370 $370 $370 $370 $370 $370 $370 $370 $370 $370 $370CCK Mine Bethel Utilities Plant138 kV T-Line/Mile $680,900 $680,900 $680,900 $680,900 $680,900 $0 $0 $0 $0 $0 $0 Donlin Creek Mine - 60 MW Average Load, 20 Year Mine LifeYear 2010 2015 2020 2025 2030 2035 2040 2045 2050 2055 2060Plant Costs $Coal Plant $188,180,000 $188,180,000 $188,180,000 $188,180,000 $188,180,000 $0 $0 $0 $0 $0 $0Combustion Turbine Bethel $17,020,000 $17,020,000 $17,020,000 $17,020,000 $17,020,000 $0 $0 $0 $0 $0 $0CCK Mine $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Bethel Utilities PlantTotal $205,200,000 $205,200,000 $205,200,000 $205,200,000 $205,200,000 $0 $0 $0 $0 $0 $0138 kV T-Line @ 192 miles $130,732,800 $130,732,800 $130,732,800 $130,732,800 $130,732,800 $0 $0 $0 $0 $0 $0Bethel Diesel Plant $500,000 $500,000 $500,000 $500,000 $500,000 $0 $0 $0 $0 $0 $0138 kV Substations $4,100,000 $4,100,000 $4,100,000 $4,100,000 $4,100,000 $0 $0 $0 $0 $0 $0Village Sub.+ Dist. Lines $7,245,000 $7,245,000 $7,245,000 $7,245,000 $7,245,000 $0 $0 $0 $0 $0 $0 +100 kV DC Line @ 385 miles$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Total $142,577,800 $142,577,800 $142,577,800 $142,577,800 $142,577,800 $0 $0 $0 $0 $0 $0Tug + 3 Barges $11,600,000 $11,600,000 $11,600,000 $11,600,000 $11,600,000 $0 $0 $0 $0 $0 $0Enviormental Studies $6,000,000 $6,000,000 $6,000,000 $6,000,000 $6,000,000 $0 $0 $0 $0 $0 $0Fuel Storage Gallons Bethel 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000CCK00000000 000 Mine00000000 000Fuel Storage Costs $/Gallon Bethel $1.37 $1.37 $1.37 $1.37 $1.37 $1.37 $1.37 $1.37 $1.37 $1.37 $1.37CCK MineFuel Storage Costs Bethel $4,110,000 $4,110,000 $4,110,000 $4,110,000 $4,110,000 $0 $0 $0 $0 $0 $0CCK $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Mine $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Total Fuel Oil Storage $4,110,000 $4,110,000 $4,110,000 $4,110,000 $4,110,000 $0 $0 $0 $0 $0 $0District Heating System $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0SubTotal Capital Costs $369,487,800 $369,487,800 $369,487,800 $369,487,800 $369,487,800 $0 $0 $0 $0 $0 $0Interest During Constuction5% $18,474,390 $18,474,390 $18,474,390 $18,474,390 $18,474,390 $0 $0 $0 $0 $0 $0$100 M Grants, Bal. 5% $13,474,390 $13,474,390 $13,474,390 $13,474,390 $13,474,390 $0 $0 $0 $0 $0 $0$150 M Grants, Bal. 5% $10,974,390 $10,974,390 $10,974,390 $10,974,390 $10,974,390 $0 $0 $0 $0 $0 $0$200 M Grants, Bal. 5% $8,474,390 $8,474,390 $8,474,390 $8,474,390 $8,474,390 $0 $0 $0 $0 $0 $0$250 M Grants, Bal. 5% $5,974,390 $5,974,390 $5,974,390 $5,974,390 $5,974,390 $0 $0 $0 $0 $0 $0Total Capital Cost5% $387,962,190 $387,962,190 $387,962,190 $387,962,190 $387,962,190 $0 $0 $0 $0 $0 $0$100 M Grants, Bal. 5% $282,962,190 $282,962,190 $282,962,190 $282,962,190 $282,962,190 $0 $0 $0 $0 $0 $0$150 M Grants, Bal. 5% $230,462,190 $230,462,190 $230,462,190 $230,462,190 $230,462,190 $0 $0 $0 $0 $0 $0$200 M Grants, Bal. 5% $177,962,190 $177,962,190 $177,962,190 $177,962,190 $177,962,190 $0 $0 $0 $0 $0 $0$250 M Grants, Bal. 5% $125,462,190 $125,462,190 $125,462,190 $125,462,190 $125,462,190 $0 $0 $0 $0 $0 $0 Donlin Creek Mine - 60 MW Average Load, 20 Year Mine LifeYear 2010 2015 2020 2025 2030 2035 2040 2045 2050 2055 2060 3. ExpensesAnnual Debt Service5% $31,131,090 $31,131,090 $31,131,090 $31,131,090 $31,131,090 $0 $0 $0 $0 $0 $0$100 M Grants, Bal. 5% $22,705,618 $22,705,618 $22,705,618 $22,705,618 $22,705,618 $0 $0 $0 $0 $0 $0$150 M Grants, Bal. 5% $18,492,882 $18,492,882 $18,492,882 $18,492,882 $18,492,882 $0 $0 $0 $0 $0 $0$200 M Grants, Bal. 5% $14,280,147 $14,280,147 $14,280,147 $14,280,147 $14,280,147 $0 $0 $0 $0 $0 $0$250 M Grants, Bal. 5% $10,067,411 $10,067,411 $10,067,411 $10,067,411 $10,067,411 $0 $0 $0 $0 $0 $0O&M CostsAnnual Fuel RequirementsCoal Tons 305,157 309,320 313,482 316,554 319,627 67,253 67,253 67,253 67,253 67,253 67,253 #1 Fuel Oil GallonsBethel 1,311,429 1,329,316 1,347,202 1,360,407 1,373,612 232,911 232,911 232,911 232,911 232,911 232,911CCKMine00000000 000Coal $/Ton $68.75 $68.75 $68.75 $68.75 $68.75 $87.50 $87.50 $87.50 $87.50 $87.50 $87.50 #1 Fuel Oil $/GallonsBethel $1.20 $1.20 $1.20 $1.20 $1.20 $1.20 $1.20 $1.20 $1.20 $1.20 $1.20CCKMineAnnual Fuel CostsCoal $20,979,577 $21,265,716 $21,551,856 $21,763,101 $21,974,347 $5,884,598 $5,884,598 $5,884,598 $5,884,598 $5,884,598 $5,884,598 #1 Fuel OilBethel $1,573,715 $1,595,179 $1,616,643 $1,632,488 $1,648,334 $279,493 $279,493 $279,493 $279,493 $279,493 $279,493CCK $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Mine $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Annual Interest Fuel Supply Loan $615,474 $623,869 $632,263 $638,461 $644,658 $168,217 $168,217 $168,217 $168,217 $168,217 $168,217 O&M Tug + Barges $1,567,000 $1,567,000 $1,567,000 $1,567,000 $1,567,000 $375,000 $375,000 $375,000 $375,000 $375,000 $375,000 Purchased PwrDemand Charge $/KWEnergy Charge $/kwhCost of Purchased Pwr $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Total $24,735,766 $25,051,764 $25,367,761 $25,601,050 $25,834,339 $6,707,308 $6,707,308 $6,707,308 $6,707,308 $6,707,308 $6,707,308O&MCoal-PlantPersonnel 2,100,000 2,100,000 2,100,000 2,100,000 2,100,000 1,400,000 1,400,000 1,400,000 1,400,000 1,400,000 1,400,000Equipment/Supplies 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 2,500,000 2,500,000 2,500,000 2,500,000 2,500,000 2,500,000Combustion Turbine $174,985 $177,372 $179,759 $181,521 $183,283 $31,078 $31,078 $31,078 $31,078 $31,078 $31,078PersonnelEquipment/SuppliesNuvista Administration $400,000 $400,000 $400,000 $400,000 $400,000 $200,000 $200,000 $200,000 $200,000 $200,000 $200,000 138 kV T-Line $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 +100KV DC Line$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Waste Heat Sales Offset $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Total O&M $7,866,985 $7,869,372 $7,871,759 $7,873,521 $7,875,283 $4,323,078 $4,323,078 $4,323,078 $4,323,078 $4,323,078 $4,323,078PCE Payments $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Donlin Creek Mine - 60 MW Average Load, 20 Year Mine LifeYear 2010 2015 2020 2025 2030 2035 2040 2045 2050 2055 2060Power CostsCapital Cost $/kWh5% $0.053 $0.052 $0.051 $0.050 $0.050 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000$100 M Grants, Bal. 5% $0.038 $0.038 $0.037 $0.037 $0.036 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000$150 M Grants, Bal. 5% $0.031 $0.031 $0.030 $0.030 $0.030 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000$200 M Grants, Bal. 5% $0.024 $0.024 $0.023 $0.023 $0.023 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000$250 M Grants, Bal. 5% $0.017 $0.017 $0.017 $0.016 $0.016 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000Fuel $/kWh $0.042 $0.042 $0.042 $0.042 $0.041 $0.068 $0.068 $0.068 $0.068 $0.068 $0.068 O&M $/kWh $0.013 $0.013 $0.013 $0.013 $0.013 $0.044 $0.044 $0.044 $0.044 $0.044 $0.044 Total $0.055 $0.055 $0.055 $0.054 $0.054 $0.113 $0.113 $0.113 $0.113 $0.113 $0.113 BreakEven Cost $/kWh5% $0.108 $0.107 $0.106 $0.105 $0.104 $0.113 $0.113 $0.113 $0.113 $0.113 $0.113 $100 M Grants, Bal. 5% $0.094 $0.093 $0.092 $0.091 $0.090 $0.113 $0.113 $0.113 $0.113 $0.113 $0.113 $150 M Grants, Bal. 5% $0.087 $0.086 $0.085 $0.084 $0.084 $0.113 $0.113 $0.113 $0.113 $0.113 $0.113 $200 M Grants, Bal. 5% $0.079 $0.079 $0.078 $0.077 $0.077 $0.113 $0.113 $0.113 $0.113 $0.113 $0.113 $250 M Grants, Bal. 5% $0.072 $0.072 $0.071 $0.071 $0.070 $0.113 $0.113 $0.113 $0.113 $0.113 $0.113 Wholesale Cost$/kWh5% 0.113 0.112 0.111 0.110 0.109 0.118 0.118 0.118 0.118 0.118 0.118$100 M Grants, Bal. 5% 0.099 0.098 0.097 0.096 0.095 0.118 0.118 0.118 0.118 0.118 0.118$150 M Grants, Bal. 5% 0.092 0.091 0.090 0.089 0.089 0.118 0.118 0.118 0.118 0.118 0.118$200 M Grants, Bal. 5% 0.084 0.084 0.083 0.082 0.082 0.118 0.118 0.118 0.118 0.118 0.118$250 M Grants, Bal. 5% 0.077 0.077 0.076 0.076 0.075 0.118 0.118 0.118 0.118 0.118 0.118Annual WholeSale Cost of Power5% $66,686,049 $67,052,166 $67,418,283 $67,688,573 $67,958,862 $11,520,536 $11,520,536 $11,520,536 $11,520,536 $11,520,536 $11,520,536$100 M Grants, Bal. 5% $58,260,578 $58,626,694 $58,992,811 $59,263,101 $59,533,391 $11,520,536 $11,520,536 $11,520,536 $11,520,536 $11,520,536 $11,520,536$150 M Grants, Bal. 5% $54,047,842 $54,413,959 $54,780,075 $55,050,365 $55,320,655 $11,520,536 $11,520,536 $11,520,536 $11,520,536 $11,520,536 $11,520,536$200 M Grants, Bal. 5% $49,835,106 $50,201,223 $50,567,339 $50,837,629 $51,107,919 $11,520,536 $11,520,536 $11,520,536 $11,520,536 $11,520,536 $11,520,536$250 M Grants, Bal. 5% $45,622,370 $45,988,487 $46,354,604 $46,624,893 $46,895,183 $11,520,536 $11,520,536 $11,520,536 $11,520,536 $11,520,536 $11,520,536Accumulated WholeSale Cost of Power5% 66,686,049 400,482,413 736,109,360 1,073,471,063 1,412,184,216 1,695,540,202 1,753,142,883 1,810,745,563 1,868,348,244 1,925,950,925 1,983,553,606$100 M Grants, Bal. 5% 58,260,578 349,929,583 643,429,172 938,663,517 1,235,249,311 1,484,903,410 1,542,506,091 1,600,108,772 1,657,711,453 1,715,314,134 1,772,916,815$150 M Grants, Bal. 5% 54,047,842 324,653,168 597,089,077 871,259,744 1,146,781,859 1,379,585,015 1,437,187,695 1,494,790,376 1,552,393,057 1,609,995,738 1,667,598,419$200 M Grants, Bal. 5% 49,835,106 299,376,753 550,748,983 803,855,970 1,058,314,406 1,274,266,619 1,331,869,300 1,389,471,981 1,447,074,661 1,504,677,342 1,562,280,023$250 M Grants, Bal. 5% 45,622,370 274,100,338 504,408,889 736,452,197 969,846,954 1,168,948,223 1,226,550,904 1,284,153,585 1,341,756,266 1,399,358,947 1,456,961,627Annual Net Income 2,952,208 2,999,940 3,047,673 3,082,912 3,118,151 490,151 490,151 490,151 490,151 490,151 490,151Accumulated Net Income 2,952,208 17,760,981 35,808,357 54,129,633 72,662,342 88,743,247 91,684,152 94,625,056 97,565,961 100,506,866 103,447,770 COMBUSTION TURBINE - BETHEL Donlin Creek Mine - 60 MW Average Load, 20 Year Mine Life150 MW Barge Mounted Combined-Cycle Plant @ Bethel - #2 Fuel Oil + 138 KV T-Line to mine, No Waste Heat SalesBethel+8 villagesYear 2010 2015 2020 2025 2030 2035 2040 2045 2050 2055 20601. Power RequirementsKWs Peak DemandDonlin Gold Mine 70,000.00 70,000.00 70,000.00 70,000.00 70,000.00 - - - - - - Villages 2,281 2,630 2,980 3,123 3,266 3,350 3,433 3,433 3,433 3,433 3,433Bethel 9,580 10,995 12,410 13,407 14,403 14,403 14,403 14,403 14,403 14,403 14,403Line Loss 5,000 5,000 5,000 5,000 5,000 0.5 0.5 0.5 0.5 0.5 0.5In Plant Use 2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500Total KW 89,361.24 91,125.44 92,889.63 94,029.37 95,169.10 20,253.05 20,336.50 20,336.50 20,336.50 20,336.50 20,336.50 KWHsDonlin Gold Mine 525,600,000.00 525,600,000.00 525,600,000.00 525,600,000.00 525,600,000.00 - - - - - - Villages 10,295,423 11,782,606 13,269,790 14,645,290 16,020,790 16,020,790 16,020,790 16,020,790 16,020,790 16,020,790 16,020,790Bethel 54,546,206 62,605,493 70,664,781 76,337,072 82,009,364 82,009,364 82,009,364 82,009,364 82,009,364 82,009,364 82,009,364Total KWH Sales 590,441,628 599,988,100 609,534,571 616,582,362 623,630,154 98,030,154 98,030,154 98,030,154 98,030,154 98,030,154 98,030,154T-Line losses 43,800,000.00 43,800,000.00 43,800,000.00 43,800,000.00 43,800,000.00 4,380.00 4,380.00 4,380.00 4,380.00 4,380.00 4,380.00 In Plant Use 21,900,000.00 21,900,000.00 21,900,000.00 21,900,000.00 21,900,000.00 21,900,000.00 21,900,000.00 21,900,000.00 21,900,000.00 21,900,000.00 21,900,000.00 Total kWh Generated 656,141,628.49 665,688,099.85 675,234,571.20 682,282,362.43 689,330,153.66 119,934,533.66 119,934,533.66 119,934,533.66 119,934,533.66 119,934,533.66 119,934,533.66 Generation Capacity KWs CFB Coal Plant 0 0 0 00000000Combustion Turbine Bethel 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000CCK 0 0 0 0 0000000 Mine 0 0 0 00000000Bethel Utilities Plant 0 0 0 00000000Total Capacity in KWs 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000Generation KWHsCoal Plant 0 0 0 00000000Combustion Turbine Bethel 656,141,628 665,688,100 675,234,571 682,282,362 689,330,154 119,934,534 119,934,534 119,934,534 119,934,534 119,934,534 119,934,534CCK 0 0 0 0 0000000 Mine 0 0 0 00000000Purchased Power 0 0 0 000000002. Capital Cost(1)Plant CostsCoal Plant $/kW $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Combustion Turbine $/kW Bethel $820 $820 $820 $820 $820 $820 $820 $820 $820 $820 $820CCK Mine Bethel Utilities Plant138 kV T-Line/Mile $680,900 $680,900 $680,900 $680,900 $680,900 $0 $0 $0 $0 $0 $0Plant Costs $Coal Plant $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Combustion Turbine Bethel $123,000,000 $123,000,000 $123,000,000 $123,000,000 $123,000,000 $0 $0 $0 $0 $0 $0CCK Mine $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Bethel Utilities PlantTotal $123,000,000 $123,000,000 $123,000,000 $123,000,000 $123,000,000 $0 $0 $0 $0 $0 $0111/15/2003 Donlin Creek Mine - 60 MW Average Load, 20 Year Mine LifeYear 2010 2015 2020 2025 2030 2035 2040 2045 2050 2055 2060138 kV T-Line @ 192 miles $130,732,800 $130,732,800 $130,732,800 $130,732,800 $130,732,800 $0 $0 $0 $0 $0 $0Bethel Diesel Plant $500,000 $500,000 $500,000 $500,000 $500,000 $0 $0 $0 $0 $0 $0138 kV Substations $4,100,000 $4,100,000 $4,100,000 $4,100,000 $4,100,000 $0 $0 $0 $0 $0 $0Village Sub.+ Dist. Lines $7,245,000 $7,245,000 $7,245,000 $7,245,000 $7,245,000 $0 $0 $0 $0 $0 $0 +100 kV DC Line @ 385 miles $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Total $142,577,800 $142,577,800 $142,577,800 $142,577,800 $142,577,800 $0 $0 $0 $0 $0 $0Tug + 3 Barges $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Enviormental Studies $6,000,000 $6,000,000 $6,000,000 $6,000,000 $6,000,000 $0 $0 $0 $0 $0 $0Fuel Storage Gallons Bethel 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000CCK 0 0 0 0 0000000 Mine 0 0 0 00000000Fuel Storage Costs $/Gallon Bethel $1.00 $1.00 $1.00 $1.00 $1.00 $1.00 $1.00 $1.00 $1.00 $1.00 $1.00CCK MineFuel Storage Costs Bethel $25,000,000 $25,000,000 $25,000,000 $25,000,000 $25,000,000 $0 $0 $0 $0 $0 $0CCK $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Mine $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Total Fuel Oil Storage $25,000,000 $25,000,000 $25,000,000 $25,000,000 $25,000,000 $0 $0 $0 $0 $0 $0Year 2010 2015 2020 2025 2030 2035 2040 2045 2050 2045 2050District Heating System $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0SubTotal Capital Costs $296,577,800 $296,577,800 $296,577,800 $296,577,800 $296,577,800 $0 $0 $0 $0 $0 $0Interest During Constuction5% $14,828,890 $14,828,890 $14,828,890 $14,828,890 $14,828,890 $0 $0 $0 $0 $0 $0$100 M Grants, Bal. 5% $9,828,890 $9,828,890 $9,828,890 $9,828,890 $9,828,890 $0 $0 $0 $0 $0 $0$150 M Grants, Bal. 5% $7,328,890 $7,328,890 $7,328,890 $7,328,890 $7,328,890 $0 $0 $0 $0 $0 $0$200 M Grants, Bal. 5% $4,828,890 $4,828,890 $4,828,890 $4,828,890 $4,828,890 $0 $0 $0 $0 $0 $0$250 M Grants, Bal. 5% $2,328,890 $2,328,890 $2,328,890 $2,328,890 $2,328,890 $0 $0 $0 $0 $0 $0Total Capital Cost5% $311,406,690 $311,406,690 $311,406,690 $311,406,690 $311,406,690 $0 $0 $0 $0 $0 $0$100 M Grants, Bal. 5% $206,406,690 $206,406,690 $206,406,690 $206,406,690 $206,406,690 $0 $0 $0 $0 $0 $0$150 M Grants, Bal. 5% $153,906,690 $153,906,690 $153,906,690 $153,906,690 $153,906,690 $0 $0 $0 $0 $0 $0$200 M Grants, Bal. 5% $101,406,690 $101,406,690 $101,406,690 $101,406,690 $101,406,690 $0 $0 $0 $0 $0 $0$250 M Grants, Bal. 5% $48,906,690 $48,906,690 $48,906,690 $48,906,690 $48,906,690 $0 $0 $0 $0 $0 $0 3. ExpensesAnnual Debt Service5% $24,988,078 $24,988,078 $24,988,078 $24,988,078 $24,988,078 $0 $0 $0 $0 $0 $0$100 M Grants, Bal. 5% $16,562,607 $16,562,607 $16,562,607 $16,562,607 $16,562,607 $0 $0 $0 $0 $0 $0$150 M Grants, Bal. 5% $12,349,871 $12,349,871 $12,349,871 $12,349,871 $12,349,871 $0 $0 $0 $0 $0 $0$200 M Grants, Bal. 5% $8,137,135 $8,137,135 $8,137,135 $8,137,135 $8,137,135 $0 $0 $0 $0 $0 $0$250 M Grants, Bal. 5% $3,924,399 $3,924,399 $3,924,399 $3,924,399 $3,924,399 $0 $0 $0 $0 $0 $0O&M CostsAnnual Fuel RequirementsCoal Tons - - - - - - - - - - - #1 Fuel Oil GallonsBethel 31,292,908.44 31,748,201.68 32,203,494.93 32,539,620.36 32,875,745.79 7,864,937.69 7,864,937.69 7,864,937.69 7,864,937.69 7,864,937.69 7,864,937.69 CCKMine - - - - - - - - - - - Coal $/Ton $45.80 $45.80 $45.80 $45.80 $45.80 $60.00 $60.00 $60.00 $60.00 $60.00 $60.00 #1 Fuel Oil $/GallonsBethel 1.04$ 1.04$ 1.04$ 1.04$ 1.04$ 1.20$ 1.20$ 1.20$ 1.20$ 1.20$ 1.20$ CCKMine211/15/2003 Donlin Creek Mine - 60 MW Average Load, 20 Year Mine LifeYear 2010 2015 2020 2025 2030 2035 2040 2045 2050 2055 2060Annual Fuel CostsCoal $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 #1 Fuel OilBethel $32,544,625 $33,018,130 $33,491,635 $33,841,205 $34,190,776 $9,437,925 $9,437,925 $9,437,925 $9,437,925 $9,437,925 $9,437,925CCK $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Mine $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Annual Interest Fuel Supply Loan $888,136 $901,058 $913,979 $923,519 $933,059 $257,559 $257,559 $257,559 $257,559 $257,559 $257,559 O&M Tug + Barges $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Purchased PwrDemand Charge $/KWEnergy Charge $/kwhCost of Purchased Pwr $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Total $33,432,760 $33,919,187 $34,405,614 $34,764,724 $35,123,834 $9,695,484 $9,695,484 $9,695,484 $9,695,484 $9,695,484 $9,695,484O&MCoal-PlantPersonnelEquipment/SuppliesCombustion TurbinePersonnel $1,600,000 $1,600,000 $1,600,000 $1,600,000 $1,600,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000Equipment/Supplies $4,100,000 $4,100,000 $4,100,000 $4,100,000 $4,100,000 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000Nuvista Administration $400,000 $400,000 $400,000 $400,000 $400,000 $200,000 $200,000 $200,000 $200,000 $200,000 $200,000 138 kV T-Line $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 +100KV DC Line $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Waste Heat Sales Offset $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Total O&M $6,292,000 $6,292,000 $6,292,000 $6,292,000 $6,292,000 $3,392,000 $3,392,000 $3,392,000 $3,392,000 $3,392,000 $3,392,000PCE Payments $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Year 2010 2015 2020 2025 2030 2035 2040 2045 2050 2045 2050Power CostsCapital Cost $/kWh5% $0.042 $0.042 $0.041 $0.041 $0.040 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000$100 M Grants, Bal. 5% $0.028 $0.028 $0.027 $0.027 $0.027 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000$150 M Grants, Bal. 5% $0.021 $0.021 $0.020 $0.020 $0.020 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000$200 M Grants, Bal. 5% $0.014 $0.014 $0.013 $0.013 $0.013 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000$250 M Grants, Bal. 5% $0.007 $0.007 $0.006 $0.006 $0.006 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000Fuel $/kWh $0.057 $0.057 $0.056 $0.056 $0.056 $0.099 $0.099 $0.099 $0.099 $0.099 $0.099 O&M $/kWh $0.011 $0.010 $0.010 $0.010 $0.010 $0.035 $0.035 $0.035 $0.035 $0.035 $0.035 Total $0.067 $0.067 $0.067 $0.067 $0.066 $0.134 $0.134 $0.134 $0.134 $0.134 $0.134 BreakEven Cost $/kWh5% $0.110 $0.109 $0.108 $0.107 $0.106 $0.134 $0.134 $0.134 $0.134 $0.134 $0.134 $100 M Grants, Bal. 5% $0.095 $0.095 $0.094 $0.093 $0.093 $0.134 $0.134 $0.134 $0.134 $0.134 $0.134 $150 M Grants, Bal. 5% $0.088 $0.088 $0.087 $0.087 $0.086 $0.134 $0.134 $0.134 $0.134 $0.134 $0.134 $200 M Grants, Bal. 5% $0.081 $0.081 $0.080 $0.080 $0.079 $0.134 $0.134 $0.134 $0.134 $0.134 $0.134 $250 M Grants, Bal. 5% $0.074 $0.074 $0.073 $0.073 $0.073 $0.134 $0.134 $0.134 $0.134 $0.134 $0.134 Wholesale Cost$/kWh5% 0.115 0.114 0.113 0.112 0.111 0.139 0.139 0.139 0.139 0.139 0.139$100 M Grants, Bal. 5% 0.100 0.100 0.099 0.098 0.098 0.139 0.139 0.139 0.139 0.139 0.139$150 M Grants, Bal. 5% 0.093 0.093 0.092 0.092 0.091 0.139 0.139 0.139 0.139 0.139 0.139$200 M Grants, Bal. 5% 0.086 0.086 0.085 0.085 0.084 0.139 0.139 0.139 0.139 0.139 0.139$250 M Grants, Bal. 5% 0.079 0.079 0.078 0.078 0.078 0.139 0.139 0.139 0.139 0.139 0.139311/15/2003 Donlin Creek Mine - 60 MW Average Load, 20 Year Mine LifeYear 2010 2015 2020 2025 2030 2035 2040 2045 2050 2055 2060Annual WholeSale Cost of Power5% $67,665,047 $68,199,206 $68,733,365 $69,127,715 $69,522,064 $13,577,635 $13,577,635 $13,577,635 $13,577,635 $13,577,635 $13,577,635$100 M Grants, Bal. 5% $59,239,575 $59,773,735 $60,307,894 $60,702,243 $61,096,592 $13,577,635 $13,577,635 $13,577,635 $13,577,635 $13,577,635 $13,577,635$150 M Grants, Bal. 5% $55,026,840 $55,560,999 $56,095,158 $56,489,507 $56,883,856 $13,577,635 $13,577,635 $13,577,635 $13,577,635 $13,577,635 $13,577,635$200 M Grants, Bal. 5% $50,814,104 $51,348,263 $51,882,422 $52,276,771 $52,671,120 $13,577,635 $13,577,635 $13,577,635 $13,577,635 $13,577,635 $13,577,635$250 M Grants, Bal. 5% $46,601,368 $47,135,527 $47,669,686 $48,064,035 $48,458,385 $13,577,635 $13,577,635 $13,577,635 $13,577,635 $13,577,635 $13,577,635Accumulated WholeSale Cost of Power5% 67,665,047 406,524,442 748,054,632 1,092,115,809 1,438,148,731 1,729,814,620 1,797,702,795 1,865,590,969 1,933,479,144 2,001,367,318 2,069,255,493$100 M Grants, Bal. 5% 59,239,575 355,971,612 655,374,444 957,308,262 1,261,213,826 1,519,177,829 1,587,066,003 1,654,954,178 1,722,842,352 1,790,730,527 1,858,618,701$150 M Grants, Bal. 5% 55,026,840 330,695,197 609,034,350 889,904,489 1,172,746,373 1,413,859,433 1,481,747,608 1,549,635,782 1,617,523,957 1,685,412,131 1,753,300,306$200 M Grants, Bal. 5% 50,814,104 305,418,782 562,694,256 822,500,716 1,084,278,921 1,308,541,037 1,376,429,212 1,444,317,386 1,512,205,561 1,580,093,736 1,647,981,910$250 M Grants, Bal. 5% 46,601,368 280,142,367 516,354,162 755,096,942 995,811,469 1,203,222,642 1,271,110,816 1,338,998,991 1,406,887,165 1,474,775,340 1,542,663,514Annual Net Income 2,952,208 2,999,940 3,047,673 3,082,912 3,118,151 490,151 490,151 490,151 490,151 490,151 490,151Accumulated Net Income 2,952,208 17,760,981 35,808,357 54,129,633 72,662,342 88,743,247 91,684,152 94,625,056 97,565,961 100,506,866 103,447,770Mine 20 yearPower cost5% $1,204,682,971$100 M Grants, Bal. 5% $1,054,679,052$150 M Grants, Bal. 5% $979,677,093$200 M Grants, Bal. 5% $904,675,133$250 M Grants, Bal. 5% $829,673,174411/15/2003 Donlin Creek Mine - 50 MW Average Load, 20 Year Mine Life150 MW Barge Mounted Combined-Cycle Plant @ Bethel - #2 Fuel Oil + 138 KV T-Line to mine, No Waste Heat SalesBethel+8 villagesYear 2010 2015 2020 2025 2030 2035 2040 2045 2050 2055 20601. Power RequirementsKWs Peak DemandDonlin Gold Mine 60,000 60,000 60,000 60,000 60,000 - - - - - - Villages 2,281 2,630 2,980 3,123 3,266 3,350 3,433 3,433 3,433 3,433 3,433Bethel 9,580 10,995 12,410 13,407 14,403 14,403 14,403 14,403 14,403 14,403 14,403Line Loss 3,500 3,500 3,500 3,500 3,500 500 500 500 500 500 500In Plant Use 2,500 2,500 2,500 2,500 2,500 1,000 1,000 1,000 1,000 1,000 1,000Total KW 77,861.24 79,625.44 81,389.63 82,529.37 83,669.10 19,252.55 19,336.00 19,336.00 19,336.00 19,336.00 19,336.00 KWHsDonlin Gold Mine 438,000,000.00 438,000,000.00 438,000,000.00 438,000,000.00 438,000,000.00 - - - - - - Villages 10,295,423 11,782,606 13,269,790 14,645,290 16,020,790 16,020,790 16,020,790 16,020,790 16,020,790 16,020,790 16,020,790Bethel 54,546,206 62,605,493 70,664,781 76,337,072 82,009,364 82,009,364 82,009,364 82,009,364 82,009,364 82,009,364 82,009,364Total KWH Sales 502,841,628 512,388,100 521,934,571 528,982,362 536,030,154 98,030,154 98,030,154 98,030,154 98,030,154 98,030,154 98,030,154T-Line losses 30,660,000.00 30,660,000.00 30,660,000.00 30,660,000.00 30,660,000.00 4,380,000.00 4,380,000.00 4,380,000.00 4,380,000.00 4,380,000.00 4,380,000.00 In Plant Use 21,900,000.00 21,900,000.00 21,900,000.00 21,900,000.00 21,900,000.00 8,760,000.00 8,760,000.00 8,760,000.00 8,760,000.00 8,760,000.00 8,760,000.00 Total kWh Generated 555,401,628.49 564,948,099.85 574,494,571.20 581,542,362.43 588,590,153.66 111,170,153.66 111,170,153.66 111,170,153.66 111,170,153.66 111,170,153.66 111,170,153.66 Generation Capacity KWs CFB Coal Plant00000000000Combustion Turbine Bethel 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000CCK00000000000 Mine00000000000Bethel Utilities Plant00000000000Total Capacity in KWs 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000Generation KWHsCoal Plant 00000000000Combustion Turbine Bethel 555,401,628 564,948,100 574,494,571 581,542,362 588,590,154 111,170,154 111,170,154 111,170,154 111,170,154 111,170,154 111,170,154CCK00000000000 Mine 00000000000Purchased Power000000000002. Capital Cost(1)Plant CostsCoal Plant $/kW $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Combustion Turbine $/kW Bethel $820 $820 $820 $820 $820 $820 $820 $820 $820 $820 $820CCK Mine Bethel Utilities Plant138 kV T-Line/Mile $680,900 $680,900 $680,900 $680,900 $680,900 $0 $0 $0 $0 $0 $0Plant Costs $Coal Plant $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Combustion Turbine Bethel $123,000,000 $123,000,000 $123,000,000 $123,000,000 $123,000,000 $0 $0 $0 $0 $0 $0CCK Mine $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Bethel Utilities PlantTotal $123,000,000 $123,000,000 $123,000,000 $123,000,000 $123,000,000 $0 $0 $0 $0 $0 $0138 kV T-Line @ 192 miles $130,732,800 $130,732,800 $130,732,800 $130,732,800 $130,732,800 $0 $0 $0 $0 $0 $0Bethel Diesel Plant $500,000 $500,000 $500,000 $500,000 $500,000 $0 $0 $0 $0 $0 $0138 kV Substations $4,100,000 $4,100,000 $4,100,000 $4,100,000 $4,100,000 $0 $0 $0 $0 $0 $0Village Sub.+ Dist. Lines $7,245,000 $7,245,000 $7,245,000 $7,245,000 $7,245,000 $0 $0 $0 $0 $0 $0 +100 kV DC Line @ 385 miles $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0111/16/2003 Donlin Creek Mine - 50 MW Average Load, 20 Year Mine LifeYear 2010 2015 2020 2025 2030 2035 2040 2045 2050 2055 2060Total $142,577,800 $142,577,800 $142,577,800 $142,577,800 $142,577,800 $0 $0 $0 $0 $0 $0Tug + 3 Barges $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Enviormental Studies $6,000,000 $6,000,000 $6,000,000 $6,000,000 $6,000,000 $0 $0 $0 $0 $0 $0Fuel Storage Gallons Bethel 25,000,000 21,000,000 21,000,000 21,000,000 21,000,000 21,000,000 21,000,000 21,000,000 21,000,000 21,000,000 21,000,000CCK00000000000 Mine00000000000Fuel Storage Costs $/Gallon Bethel $1.00 $1.00 $1.00 $1.00 $1.00 $1.00 $1.00 $1.00 $1.00 $1.00 $1.00CCK MineFuel Storage Costs Bethel $25,000,000 $21,000,000 $21,000,000 $21,000,000 $21,000,000 $0 $0 $0 $0 $0 $0CCK $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Mine $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Total Fuel Oil Storage $25,000,000 $21,000,000 $21,000,000 $21,000,000 $21,000,000 $0 $0 $0 $0 $0 $0Year 2010 2015 2020 2025 2030 2035 2040 2045 2050 2045 2050District Heating System $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0SubTotal Capital Costs $296,577,800 $292,577,800 $292,577,800 $292,577,800 $292,577,800 $0 $0 $0 $0 $0 $0Interest During Constuction5% $14,828,890 $14,628,890 $14,628,890 $14,628,890 $14,628,890 $0 $0 $0 $0 $0 $0$100 M Grants, Bal. 5% $9,828,890 $9,628,890 $9,628,890 $9,628,890 $9,628,890 $0 $0 $0 $0 $0 $0$150 M Grants, Bal. 5% $7,328,890 $7,128,890 $7,128,890 $7,128,890 $7,128,890 $0 $0 $0 $0 $0 $0$200 M Grants, Bal. 5% $4,828,890 $4,628,890 $4,628,890 $4,628,890 $4,628,890 $0 $0 $0 $0 $0 $0$250 M Grants, Bal. 5% $2,328,890 $2,128,890 $2,128,890 $2,128,890 $2,128,890 $0 $0 $0 $0 $0 $0Total Capital Cost5% $311,406,690 $307,206,690 $307,206,690 $307,206,690 $307,206,690 $0 $0 $0 $0 $0 $0$100 M Grants, Bal. 5% $206,406,690 $202,206,690 $202,206,690 $202,206,690 $202,206,690 $0 $0 $0 $0 $0 $0$150 M Grants, Bal. 5% $153,906,690 $149,706,690 $149,706,690 $149,706,690 $149,706,690 $0 $0 $0 $0 $0 $0$200 M Grants, Bal. 5% $101,406,690 $97,206,690 $97,206,690 $97,206,690 $97,206,690 $0 $0 $0 $0 $0 $0$250 M Grants, Bal. 5% $48,906,690 $44,706,690 $44,706,690 $44,706,690 $44,706,690 $0 $0 $0 $0 $0 $0 3. ExpensesAnnual Debt Service5% $24,988,078 $24,651,060 $24,651,060 $24,651,060 $24,651,060 $0 $0 $0 $0 $0 $0$100 M Grants, Bal. 5% $16,562,607 $16,225,588 $16,225,588 $16,225,588 $16,225,588 $0 $0 $0 $0 $0 $0$150 M Grants, Bal. 5% $12,349,871 $12,012,852 $12,012,852 $12,012,852 $12,012,852 $0 $0 $0 $0 $0 $0$200 M Grants, Bal. 5% $8,137,135 $7,800,116 $7,800,116 $7,800,116 $7,800,116 $0 $0 $0 $0 $0 $0$250 M Grants, Bal. 5% $3,924,399 $3,587,380 $3,587,380 $3,587,380 $3,587,380 $0 $0 $0 $0 $0 $0O&M CostsAnnual Fuel RequirementsCoal Tons - - - - - - - - - - - #1 Fuel Oil GallonsBethel 26,488,385.36 26,943,678.61 27,398,971.86 27,735,097.29 28,071,222.71 7,290,196.62 7,290,196.62 7,290,196.62 7,290,196.62 7,290,196.62 7,290,196.62 CCKMine - - - - - - - - - - - Coal $/Ton $45.80 $45.80 $45.80 $45.80 $45.80 $60.00 $60.00 $60.00 $60.00 $60.00 $60.00 #1 Fuel Oil $/GallonsBethel 1.04$ 1.04$ 1.04$ 1.04$ 1.04$ 1.20$ 1.20$ 1.20$ 1.20$ 1.20$ 1.20$ CCKMine211/16/2003 Donlin Creek Mine - 50 MW Average Load, 20 Year Mine LifeYear 2010 2015 2020 2025 2030 2035 2040 2045 2050 2055 2060Annual Fuel CostsCoal $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 #1 Fuel OilBethel $27,547,921 $28,021,426 $28,494,931 $28,844,501 $29,194,072 $8,748,236 $8,748,236 $8,748,236 $8,748,236 $8,748,236 $8,748,236CCK $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Mine $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Annual Interest Fuel Supply Loan $751,777 $764,699 $777,620 $787,160 $796,700 $238,737 $238,737 $238,737 $238,737 $238,737 $238,737 O&M Tug + Barges $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Purchased PwrDemand Charge $/KWEnergy Charge $/kwhCost of Purchased Pwr $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Total $28,299,698 $28,786,124 $29,272,551 $29,631,661 $29,990,771 $8,986,973 $8,986,973 $8,986,973 $8,986,973 $8,986,973 $8,986,973O&MCoal-PlantPersonnelEquipment/SuppliesCombustion TurbinePersonnel $1,600,000 $1,600,000 $1,600,000 $1,600,000 $1,600,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000Equipment/Supplies $4,100,000 $4,100,000 $4,100,000 $4,100,000 $4,100,000 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000Nuvista Administration $400,000 $400,000 $400,000 $400,000 $400,000 $200,000 $200,000 $200,000 $200,000 $200,000 $200,000 138 kV T-Line $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 +100KV DC Line $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Waste Heat Sales Offset $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Total O&M $6,292,000 $6,292,000 $6,292,000 $6,292,000 $6,292,000 $3,392,000 $3,392,000 $3,392,000 $3,392,000 $3,392,000 $3,392,000PCE Payments $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Year 2010 2015 2020 2025 2030 2035 2040 2045 2050 2045 2050Power CostsCapital Cost $/kWh5% $0.050 $0.048 $0.047 $0.047 $0.046 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000$100 M Grants, Bal. 5% $0.033 $0.032 $0.031 $0.031 $0.030 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000$150 M Grants, Bal. 5% $0.025 $0.023 $0.023 $0.023 $0.022 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000$200 M Grants, Bal. 5% $0.016 $0.015 $0.015 $0.015 $0.015 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000$250 M Grants, Bal. 5% $0.008 $0.007 $0.007 $0.007 $0.007 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000Fuel $/kWh $0.056 $0.056 $0.056 $0.056 $0.056 $0.092 $0.092 $0.092 $0.092 $0.092 $0.092 O&M $/kWh $0.013 $0.012 $0.012 $0.012 $0.012 $0.035 $0.035 $0.035 $0.035 $0.035 $0.035 Total $0.069 $0.068 $0.068 $0.068 $0.068 $0.126 $0.126 $0.126 $0.126 $0.126 $0.126 BreakEven Cost $/kWh5% $0.118 $0.117 $0.115 $0.115 $0.114 $0.126 $0.126 $0.126 $0.126 $0.126 $0.126 $100 M Grants, Bal. 5% $0.102 $0.100 $0.099 $0.099 $0.098 $0.126 $0.126 $0.126 $0.126 $0.126 $0.126 $150 M Grants, Bal. 5% $0.093 $0.092 $0.091 $0.091 $0.090 $0.126 $0.126 $0.126 $0.126 $0.126 $0.126 $200 M Grants, Bal. 5% $0.085 $0.084 $0.083 $0.083 $0.082 $0.126 $0.126 $0.126 $0.126 $0.126 $0.126 $250 M Grants, Bal. 5% $0.077 $0.075 $0.075 $0.075 $0.074 $0.126 $0.126 $0.126 $0.126 $0.126 $0.126 Wholesale Cost$/kWh5% 0.123 0.122 0.120 0.120 0.119 0.131 0.131 0.131 0.131 0.131 0.131$100 M Grants, Bal. 5% 0.107 0.105 0.104 0.104 0.103 0.131 0.131 0.131 0.131 0.131 0.131$150 M Grants, Bal. 5% 0.098 0.097 0.096 0.096 0.095 0.131 0.131 0.131 0.131 0.131 0.131$200 M Grants, Bal. 5% 0.090 0.089 0.088 0.088 0.087 0.131 0.131 0.131 0.131 0.131 0.131$250 M Grants, Bal. 5% 0.082 0.080 0.080 0.080 0.079 0.131 0.131 0.131 0.131 0.131 0.131311/16/2003 Donlin Creek Mine - 50 MW Average Load, 20 Year Mine LifeYear 2010 2015 2020 2025 2030 2035 2040 2045 2050 2055 2060Annual WholeSale Cost of Power5% $62,093,984 $62,291,124 $62,825,284 $63,219,633 $63,613,982 $12,869,124 $12,869,124 $12,869,124 $12,869,124 $12,869,124 $12,869,124$100 M Grants, Bal. 5% $53,668,512 $53,865,653 $54,399,812 $54,794,161 $55,188,510 $12,869,124 $12,869,124 $12,869,124 $12,869,124 $12,869,124 $12,869,124$150 M Grants, Bal. 5% $49,455,777 $49,652,917 $50,187,076 $50,581,425 $50,975,774 $12,869,124 $12,869,124 $12,869,124 $12,869,124 $12,869,124 $12,869,124$200 M Grants, Bal. 5% $45,243,041 $45,440,181 $45,974,340 $46,368,689 $46,763,039 $12,869,124 $12,869,124 $12,869,124 $12,869,124 $12,869,124 $12,869,124$250 M Grants, Bal. 5% $41,030,305 $41,227,445 $41,761,604 $42,155,954 $42,550,303 $12,869,124 $12,869,124 $12,869,124 $12,869,124 $12,869,124 $12,869,124Accumulated WholeSale Cost of Power5% 62,093,984 372,761,045 684,750,826 999,271,594 1,315,764,106 1,583,089,158 1,647,434,779 1,711,780,399 1,776,126,020 1,840,471,641 1,904,817,262$100 M Grants, Bal. 5% 53,668,512 322,208,215 592,070,638 864,464,047 1,138,829,202 1,372,452,367 1,436,797,987 1,501,143,608 1,565,489,229 1,629,834,850 1,694,180,470$150 M Grants, Bal. 5% 49,455,777 296,931,800 545,730,544 797,060,274 1,050,361,749 1,267,133,971 1,331,479,592 1,395,825,212 1,460,170,833 1,524,516,454 1,588,862,075$200 M Grants, Bal. 5% 45,243,041 271,655,385 499,390,450 729,656,501 961,894,297 1,161,815,575 1,226,161,196 1,290,506,817 1,354,852,438 1,419,198,058 1,483,543,679$250 M Grants, Bal. 5% 41,030,305 246,378,970 453,050,356 662,252,728 873,426,845 1,056,497,180 1,120,842,800 1,185,188,421 1,249,534,042 1,313,879,663 1,378,225,283Annual Net Income 2,514,208 2,561,940 2,609,673 2,644,912 2,680,151 490,151 490,151 490,151 490,151 490,151 490,151Accumulated Net Income 2,514,208 15,132,981 30,552,357 46,245,633 62,150,342 76,041,247 78,982,152 81,923,056 84,863,961 87,804,866 90,745,770Mine 20 yearPower cost5% $1,081,738,802$100 M Grants, Bal. 5% $934,958,728$150 M Grants, Bal. 5% $861,568,691$200 M Grants, Bal. 5% $788,178,653411/16/2003 Donlin Creek Mine -70 MW Average Load, 20 Year Mine Life150 MW Barge Mounted Combined-Cycle Plant @ Bethel - #2 Fuel Oil + 138 KV T-Line to mine, No Waste Heat SalesBethel+8 villagesYear 2010 2015 2020 2025 2030 2035 2040 2045 2050 2055 20601. Power RequirementsKWs Peak DemandDonlin Gold Mine 80,000 80,000 80,000 80,000 80,000 - - - - - - Villages 2,281 2,630 2,980 3,123 3,266 3,350 3,433 3,433 3,433 3,433 3,433Bethel 9,580 10,995 12,410 13,407 14,403 14,403 14,403 14,403 14,403 14,403 14,403Line Loss 5,800 6,700 6,700 6,700 6,700 500 500 500 500 500 500In Plant Use 2,500 2,500 2,500 2,500 2,500 1,000 1,000 1,000 1,000 1,000 1,000Total KW 100,161.24 102,825.44 104,589.63 105,729.37 106,869.10 19,252.55 19,336.00 19,336.00 19,336.00 19,336.00 19,336.00 KWHsDonlin Gold Mine 600,685,714.29 600,685,714.29 600,685,714.29 600,685,714.29 600,685,714.29 - - - - - - Villages 10,295,423 11,782,606 13,269,790 14,645,290 16,020,790 16,020,790 16,020,790 16,020,790 16,020,790 16,020,790 16,020,790Bethel 54,546,206 62,605,493 70,664,781 76,337,072 82,009,364 82,009,364 82,009,364 82,009,364 82,009,364 82,009,364 82,009,364Total KWH Sales 665,527,343 675,073,814 684,620,285 691,668,077 698,715,868 98,030,154 98,030,154 98,030,154 98,030,154 98,030,154 98,030,154T-Line losses 50,808,000.00 58,692,000.00 58,692,000.00 58,692,000.00 58,692,000.00 4,380,000.00 4,380,000.00 4,380,000.00 4,380,000.00 4,380,000.00 4,380,000.00 In Plant Use 21,900,000.00 21,900,000.00 21,900,000.00 21,900,000.00 21,900,000.00 8,760,000.00 8,760,000.00 8,760,000.00 8,760,000.00 8,760,000.00 8,760,000.00 Total kWh Generated 738,235,342.78 755,665,814.13 765,212,285.49 772,260,076.72 779,307,867.95 111,170,153.66 111,170,153.66 111,170,153.66 111,170,153.66 111,170,153.66 111,170,153.66 Generation Capacity KWs CFB Coal Plant 0 0 0 00000000Combustion Turbine Bethel 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000CCK 0 0 0 0 0000000 Mine 0 0 0 00000000Bethel Utilities Plant 0 0 0 00000000Total Capacity in KWs 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000Generation KWHsCoal Plant 0 0 0 00000000Combustion Turbine Bethel 738,235,343 755,665,814 765,212,285 772,260,077 779,307,868 111,170,154 111,170,154 111,170,154 111,170,154 111,170,154 111,170,154CCK 0 0 0 0 0000000 Mine 0 0 0 00000000Purchased Power 0 0 0 000000002. Capital Cost(1)Plant CostsCoal Plant $/kW $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Combustion Turbine $/kW Bethel $820 $820 $820 $820 $820 $820 $820 $820 $820 $820 $820CCK Mine Bethel Utilities Plant138 kV T-Line/Mile $680,900 $680,900 $680,900 $680,900 $680,900 $0 $0 $0 $0 $0 $0Plant Costs $Coal Plant $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Combustion Turbine Bethel $123,000,000 $123,000,000 $123,000,000 $123,000,000 $123,000,000 $0 $0 $0 $0 $0 $0CCK Mine $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Bethel Utilities PlantTotal $123,000,000 $123,000,000 $123,000,000 $123,000,000 $123,000,000 $0 $0 $0 $0 $0 $0138 kV T-Line @ 192 miles $130,732,800 $130,732,800 $130,732,800 $130,732,800 $130,732,800 $0 $0 $0 $0 $0 $0Bethel Diesel Plant $500,000 $500,000 $500,000 $500,000 $500,000 $0 $0 $0 $0 $0 $0138 kV Substations $4,100,000 $4,100,000 $4,100,000 $4,100,000 $4,100,000 $0 $0 $0 $0 $0 $0Village Sub.+ Dist. Lines $7,245,000 $7,245,000 $7,245,000 $7,245,000 $7,245,000 $0 $0 $0 $0 $0 $0 +100 kV DC Line @ 385 miles $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0111/16/2003 Donlin Creek Mine -70 MW Average Load, 20 Year Mine LifeYear 2010 2015 2020 2025 2030 2035 2040 2045 2050 2055 2060Total $142,577,800 $142,577,800 $142,577,800 $142,577,800 $142,577,800 $0 $0 $0 $0 $0 $0Tug + 3 Barges $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Enviormental Studies $6,000,000 $6,000,000 $6,000,000 $6,000,000 $6,000,000 $0 $0 $0 $0 $0 $0Fuel Storage Gallons Bethel 29,000,000 29,000,000 29,000,000 29,000,000 29,000,000 29,000,000 29,000,000 29,000,000 29,000,000 29,000,000 29,000,000CCK 0 0 0 0 0000000 Mine 0 0 0 00000000Fuel Storage Costs $/Gallon Bethel $1.00 $1.00 $1.00 $1.00 $1.00 $1.00 $1.00 $1.00 $1.00 $1.00 $1.00CCK MineFuel Storage Costs Bethel $29,000,000 $29,000,000 $29,000,000 $29,000,000 $29,000,000 $0 $0 $0 $0 $0 $0CCK $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Mine $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Total Fuel Oil Storage $29,000,000 $29,000,000 $29,000,000 $29,000,000 $29,000,000 $0 $0 $0 $0 $0 $0Year 2010 2015 2020 2025 2030 2035 2040 2045 2050 2045 2050District Heating System $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0SubTotal Capital Costs $300,577,800 $300,577,800 $300,577,800 $300,577,800 $300,577,800 $0 $0 $0 $0 $0 $0Interest During Constuction5% $15,028,890 $15,028,890 $15,028,890 $15,028,890 $15,028,890 $0 $0 $0 $0 $0 $0$100 M Grants, Bal. 5% $10,028,890 $10,028,890 $10,028,890 $10,028,890 $10,028,890 $0 $0 $0 $0 $0 $0$150 M Grants, Bal. 5% $7,528,890 $7,528,890 $7,528,890 $7,528,890 $7,528,890 $0 $0 $0 $0 $0 $0$200 M Grants, Bal. 5% $5,028,890 $5,028,890 $5,028,890 $5,028,890 $5,028,890 $0 $0 $0 $0 $0 $0$250 M Grants, Bal. 5% $2,528,890 $2,528,890 $2,528,890 $2,528,890 $2,528,890 $0 $0 $0 $0 $0 $0Total Capital Cost5% $315,606,690 $315,606,690 $315,606,690 $315,606,690 $315,606,690 $0 $0 $0 $0 $0 $0$100 M Grants, Bal. 5% $210,606,690 $210,606,690 $210,606,690 $210,606,690 $210,606,690 $0 $0 $0 $0 $0 $0$150 M Grants, Bal. 5% $158,106,690 $158,106,690 $158,106,690 $158,106,690 $158,106,690 $0 $0 $0 $0 $0 $0$200 M Grants, Bal. 5% $105,606,690 $105,606,690 $105,606,690 $105,606,690 $105,606,690 $0 $0 $0 $0 $0 $0$250 M Grants, Bal. 5% $53,106,690 $53,106,690 $53,106,690 $53,106,690 $53,106,690 $0 $0 $0 $0 $0 $0 3. ExpensesAnnual Debt Service5% $25,325,097 $25,325,097 $25,325,097 $25,325,097 $25,325,097 $0 $0 $0 $0 $0 $0$100 M Grants, Bal. 5% $16,899,626 $16,899,626 $16,899,626 $16,899,626 $16,899,626 $0 $0 $0 $0 $0 $0$150 M Grants, Bal. 5% $12,686,890 $12,686,890 $12,686,890 $12,686,890 $12,686,890 $0 $0 $0 $0 $0 $0$200 M Grants, Bal. 5% $8,474,154 $8,474,154 $8,474,154 $8,474,154 $8,474,154 $0 $0 $0 $0 $0 $0$250 M Grants, Bal. 5% $4,261,418 $4,261,418 $4,261,418 $4,261,418 $4,261,418 $0 $0 $0 $0 $0 $0O&M CostsAnnual Fuel RequirementsCoal Tons - - - - - - - - - - - #1 Fuel Oil GallonsBethel 35,208,147.12 36,039,446.52 36,494,739.77 36,830,865.20 37,166,990.63 7,290,196.62 7,290,196.62 7,290,196.62 7,290,196.62 7,290,196.62 7,290,196.62 CCKMine - - - - - - - - - - - Coal $/Ton $45.80 $45.80 $45.80 $45.80 $45.80 $60.00 $60.00 $60.00 $60.00 $60.00 $60.00 #1 Fuel Oil $/GallonsBethel 1.04$ 1.04$ 1.04$ 1.04$ 1.04$ 1.20$ 1.20$ 1.20$ 1.20$ 1.20$ 1.20$ CCKMine211/16/2003 Donlin Creek Mine -70 MW Average Load, 20 Year Mine LifeYear 2010 2015 2020 2025 2030 2035 2040 2045 2050 2055 2060Annual Fuel CostsCoal $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 #1 Fuel OilBethel $36,616,473 $37,481,024 $37,954,529 $38,304,100 $38,653,670 $8,748,236 $8,748,236 $8,748,236 $8,748,236 $8,748,236 $8,748,236CCK $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Mine $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Annual Interest Fuel Supply Loan $999,256 $1,022,849 $1,035,771 $1,045,311 $1,054,850 $238,737 $238,737 $238,737 $238,737 $238,737 $238,737 O&M Tug + Barges $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Purchased PwrDemand Charge $/KWEnergy Charge $/kwhCost of Purchased Pwr $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Total $37,615,729 $38,503,873 $38,990,300 $39,349,410 $39,708,520 $8,986,973 $8,986,973 $8,986,973 $8,986,973 $8,986,973 $8,986,973O&MCoal-PlantPersonnelEquipment/SuppliesCombustion TurbinePersonnel $1,600,000 $1,600,000 $1,600,000 $1,600,000 $1,600,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000Equipment/Supplies $4,100,000 $4,100,000 $4,100,000 $4,100,000 $4,100,000 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000Nuvista Administration $400,000 $400,000 $400,000 $400,000 $400,000 $200,000 $200,000 $200,000 $200,000 $200,000 $200,000 138 kV T-Line $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 +100KV DC Line $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Waste Heat Sales Offset $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Total O&M $6,292,000 $6,292,000 $6,292,000 $6,292,000 $6,292,000 $3,392,000 $3,392,000 $3,392,000 $3,392,000 $3,392,000 $3,392,000PCE Payments $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Year 2010 2015 2020 2025 2030 2035 2040 2045 2050 2045 2050Power CostsCapital Cost $/kWh5% $0.038 $0.038 $0.037 $0.037 $0.036 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000$100 M Grants, Bal. 5% $0.025 $0.025 $0.025 $0.024 $0.024 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000$150 M Grants, Bal. 5% $0.019 $0.019 $0.019 $0.018 $0.018 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000$200 M Grants, Bal. 5% $0.013 $0.013 $0.012 $0.012 $0.012 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000$250 M Grants, Bal. 5% $0.006 $0.006 $0.006 $0.006 $0.006 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000Fuel $/kWh $0.057 $0.057 $0.057 $0.057 $0.057 $0.092 $0.092 $0.092 $0.092 $0.092 $0.092 O&M $/kWh $0.009 $0.009 $0.009 $0.009 $0.009 $0.035 $0.035 $0.035 $0.035 $0.035 $0.035 Total $0.066 $0.066 $0.066 $0.066 $0.066 $0.126 $0.126 $0.126 $0.126 $0.126 $0.126 BreakEven Cost $/kWh5% $0.104 $0.104 $0.103 $0.103 $0.102 $0.126 $0.126 $0.126 $0.126 $0.126 $0.126 $100 M Grants, Bal. 5% $0.091 $0.091 $0.091 $0.090 $0.090 $0.126 $0.126 $0.126 $0.126 $0.126 $0.126 $150 M Grants, Bal. 5% $0.085 $0.085 $0.085 $0.084 $0.084 $0.126 $0.126 $0.126 $0.126 $0.126 $0.126 $200 M Grants, Bal. 5% $0.079 $0.079 $0.079 $0.078 $0.078 $0.126 $0.126 $0.126 $0.126 $0.126 $0.126 $250 M Grants, Bal. 5% $0.072 $0.073 $0.072 $0.072 $0.072 $0.126 $0.126 $0.126 $0.126 $0.126 $0.126 Wholesale Cost$/kWh5% 0.109 0.109 0.108 0.108 0.107 0.131 0.131 0.131 0.131 0.131 0.131$100 M Grants, Bal. 5% 0.096 0.096 0.096 0.095 0.095 0.131 0.131 0.131 0.131 0.131 0.131$150 M Grants, Bal. 5% 0.090 0.090 0.090 0.089 0.089 0.131 0.131 0.131 0.131 0.131 0.131$200 M Grants, Bal. 5% 0.084 0.084 0.084 0.083 0.083 0.131 0.131 0.131 0.131 0.131 0.131$250 M Grants, Bal. 5% 0.077 0.078 0.077 0.077 0.077 0.131 0.131 0.131 0.131 0.131 0.131311/16/2003 Donlin Creek Mine -70 MW Average Load, 20 Year Mine LifeYear 2010 2015 2020 2025 2030 2035 2040 2045 2050 2055 2060Annual WholeSale Cost of Power5% $72,560,463 $73,496,340 $74,030,499 $74,424,848 $74,819,197 $12,869,124 $12,869,124 $12,869,124 $12,869,124 $12,869,124 $12,869,124$100 M Grants, Bal. 5% $64,134,991 $65,070,868 $65,605,027 $65,999,376 $66,393,725 $12,869,124 $12,869,124 $12,869,124 $12,869,124 $12,869,124 $12,869,124$150 M Grants, Bal. 5% $59,922,255 $60,858,132 $61,392,291 $61,786,641 $62,180,990 $12,869,124 $12,869,124 $12,869,124 $12,869,124 $12,869,124 $12,869,124$200 M Grants, Bal. 5% $55,709,519 $56,645,396 $57,179,556 $57,573,905 $57,968,254 $12,869,124 $12,869,124 $12,869,124 $12,869,124 $12,869,124 $12,869,124$250 M Grants, Bal. 5% $51,496,783 $52,432,661 $52,966,820 $53,361,169 $53,755,518 $12,869,124 $12,869,124 $12,869,124 $12,869,124 $12,869,124 $12,869,124Accumulated WholeSale Cost of Power5% 72,560,463 436,298,653 804,314,511 1,174,861,355 1,547,379,944 1,859,525,857 1,923,871,477 1,988,217,098 2,052,562,719 2,116,908,340 2,181,253,960$100 M Grants, Bal. 5% 64,134,991 385,745,823 711,634,323 1,040,053,808 1,370,445,039 1,648,889,065 1,713,234,686 1,777,580,307 1,841,925,927 1,906,271,548 1,970,617,169$150 M Grants, Bal. 5% 59,922,255 360,469,408 665,294,228 972,650,035 1,281,977,587 1,543,570,670 1,607,916,290 1,672,261,911 1,736,607,532 1,800,953,153 1,865,298,773$200 M Grants, Bal. 5% 55,709,519 335,192,993 618,954,134 905,246,262 1,193,510,134 1,438,252,274 1,502,597,895 1,566,943,515 1,631,289,136 1,695,634,757 1,759,980,378$250 M Grants, Bal. 5% 51,496,783 309,916,578 572,614,040 837,842,488 1,105,042,682 1,332,933,878 1,397,279,499 1,461,625,120 1,525,970,740 1,590,316,361 1,654,661,982Annual Net Income 3,327,637 3,375,369 3,423,101 3,458,340 3,493,579 490,151 490,151 490,151 490,151 490,151 490,151Accumulated Net Income 3,327,637 20,013,553 40,313,499 60,887,347 81,672,628 99,630,676 102,571,580 105,512,485 108,453,389 111,394,294 114,335,199Mine 20 yearPower cost5% $1,309,819,462$100 M Grants, Bal. 5% $1,157,727,726$150 M Grants, Bal. 5% $1,081,681,858$200 M Grants, Bal. 5% $1,005,635,989411/16/2003 Donlin Creek Mine -60 MW Average Load, 20 Year Mine Life150 MW Barge Mounted Combined-Cycle Plant @ Bethel - Propane + 138 KV T-Line to mine, No Waste Heat SalesBethel+8 villagesYear 2010 2015 2020 2025 2030 2035 2040 2045 2050 2055 20601. Power RequirementsKWs Peak DemandDonlin Gold Mine 70,000.00 70,000.00 70,000.00 70,000.00 70,000.00 - - - - - - Villages 2,281 2,630 2,980 3,123 3,266 3,350 3,433 3,433 3,433 3,433 3,433Bethel 9,580 10,995 12,410 13,407 14,403 14,403 14,403 14,403 14,403 14,403 14,403Line Loss 5,000 5,000 5,000 5,000 5,000 500 500 500 500 500 500In Plant Use 2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500Total KW 89,361.24 91,125.44 92,889.63 94,029.37 95,169.10 20,752.55 20,836.00 20,836.00 20,836.00 20,836.00 20,836.00 KWHsDonlin Gold Mine 525,600,000.00 525,600,000.00 525,600,000.00 525,600,000.00 525,600,000.00 - - - - - - Villages 10,295,423 11,782,606 13,269,790 14,645,290 16,020,790 16,020,790 16,020,790 16,020,790 16,020,790 16,020,790 16,020,790Bethel 54,546,206 62,605,493 70,664,781 76,337,072 82,009,364 82,009,364 82,009,364 82,009,364 82,009,364 82,009,364 82,009,364Total KWH Sales 590,441,628 599,988,100 609,534,571 616,582,362 623,630,154 98,030,154 98,030,154 98,030,154 98,030,154 98,030,154 98,030,154T-Line losses 43,800,000 43,800,000 43,800,000 43,800,000 43,800,000 4,380,000 4,380,000 4,380,000 4,380,000 4,380,000 4,380,000 In Plant Use 21,900,000 21,900,000 21,900,000 21,900,000 21,900,000 21,900,000 21,900,000 21,900,000 21,900,000 21,900,000 21,900,000 Total kWh Generated 656,141,628 665,688,100 675,234,571 682,282,362 689,330,154 124,310,154 124,310,154 124,310,154 124,310,154 124,310,154 124,310,154 Generation Capacity KWs CFB Coal Plant 0 0 0 00000000Combustion Turbine Bethel 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000CCK 0 0 0 0 0000000 Mine 0 0 0 00000000Bethel Utilities Plant 0 0 0 00000000Total Capacity in KWs 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000Generation KWHsCoal Plant 0 0 0 00000000Combustion Turbine Bethel 656,141,628 665,688,100 675,234,571 682,282,362 689,330,154 124,310,154 124,310,154 124,310,154 124,310,154 124,310,154 124,310,154CCK 0 0 0 0 0000000 Mine 0 0 0 00000000Purchased Power 0 0 0 000000002. Capital Cost(1)Plant CostsCoal Plant $/kW $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Combustion Turbine $/kW Bethel $820 $820 $820 $820 $820 $820 $820 $820 $820 $820 $820CCK Mine Bethel Utilities Plant138 kV T-Line/Mile $680,900 $680,900 $680,900 $680,900 $680,900 $0 $0 $0 $0 $0 $0Plant Costs $Coal Plant $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Combustion Turbine Bethel $123,000,000 $123,000,000 $123,000,000 $123,000,000 $123,000,000 $0 $0 $0 $0 $0 $0CCK Mine $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Bethel Utilities PlantTotal $123,000,000 $123,000,000 $123,000,000 $123,000,000 $123,000,000 $0 $0 $0 $0 $0 $0111/16/2003 Donlin Creek Mine -60 MW Average Load, 20 Year Mine LifeYear 2010 2015 2020 2025 2030 2035 2040 2045 2050 2055 2060138 kV T-Line @ 192 miles $130,732,800 $130,732,800 $130,732,800 $130,732,800 $130,732,800 $0 $0 $0 $0 $0 $0Bethel Diesel Plant $500,000 $500,000 $500,000 $500,000 $500,000 $0 $0 $0 $0 $0 $0138 kV Substations $4,100,000 $4,100,000 $4,100,000 $4,100,000 $4,100,000 $0 $0 $0 $0 $0 $0Village Sub.+ Dist. Lines $7,245,000 $7,245,000 $7,245,000 $7,245,000 $7,245,000 $0 $0 $0 $0 $0 $0 +100 kV DC Line @ 385 miles $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Total $142,577,800 $142,577,800 $142,577,800 $142,577,800 $142,577,800 $0 $0 $0 $0 $0 $0Tug + 3 Barges $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Enviormental Studies $6,000,000 $6,000,000 $6,000,000 $6,000,000 $6,000,000 $0 $0 $0 $0 $0 $0Fuel Storage Gallons Bethel 38,000,000 38,000,000 38,000,000 38,000,000 38,000,000 38,000,000 38,000,000 38,000,000 38,000,000 38,000,000 38,000,000CCK 0 0 0 0 0000000 Mine 0 0 0 00000000Fuel Storage Costs $/Gallon Bethel $0.75 $0.75 $0.75 $0.75 $0.75 $0.75 $0.75 $0.75 $0.75 $0.75 $0.75CCK MineFuel Storage Costs Bethel $28,500,000 $28,500,000 $28,500,000 $28,500,000 $28,500,000 $0 $0 $0 $0 $0 $0CCK $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Mine $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Total Fuel Oil Storage $28,500,000 $28,500,000 $28,500,000 $28,500,000 $28,500,000 $0 $0 $0 $0 $0 $0District Heating System $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0SubTotal Capital Costs $300,077,800 $300,077,800 $300,077,800 $300,077,800 $300,077,800 $0 $0 $0 $0 $0 $0Interest During Constuction5% $15,003,890 $15,003,890 $15,003,890 $15,003,890 $15,003,890 $0 $0 $0 $0 $0 $0$100 M Grants, Bal. 5% $10,003,890 $10,003,890 $10,003,890 $10,003,890 $10,003,890 $0 $0 $0 $0 $0 $0$150 M Grants, Bal. 5% $7,503,890 $7,503,890 $7,503,890 $7,503,890 $7,503,890 $0 $0 $0 $0 $0 $0$200 M Grants, Bal. 5% $5,003,890 $5,003,890 $5,003,890 $5,003,890 $5,003,890 $0 $0 $0 $0 $0 $0$250 M Grants, Bal. 5% $2,503,890 $2,503,890 $2,503,890 $2,503,890 $2,503,890 $0 $0 $0 $0 $0 $0Total Capital Cost5% $315,081,690 $315,081,690 $315,081,690 $315,081,690 $315,081,690 $0 $0 $0 $0 $0 $0$100 M Grants, Bal. 5% $210,081,690 $210,081,690 $210,081,690 $210,081,690 $210,081,690 $0 $0 $0 $0 $0 $0$150 M Grants, Bal. 5% $157,581,690 $157,581,690 $157,581,690 $157,581,690 $157,581,690 $0 $0 $0 $0 $0 $0$200 M Grants, Bal. 5% $105,081,690 $105,081,690 $105,081,690 $105,081,690 $105,081,690 $0 $0 $0 $0 $0 $0$250 M Grants, Bal. 5% $52,581,690 $52,581,690 $52,581,690 $52,581,690 $52,581,690 $0 $0 $0 $0 $0 $0 3. ExpensesAnnual Debt Service5% $25,282,970 $25,282,970 $25,282,970 $25,282,970 $25,282,970 $0 $0 $0 $0 $0 $0$100 M Grants, Bal. 5% $16,857,498 $16,857,498 $16,857,498 $16,857,498 $16,857,498 $0 $0 $0 $0 $0 $0$150 M Grants, Bal. 5% $12,644,762 $12,644,762 $12,644,762 $12,644,762 $12,644,762 $0 $0 $0 $0 $0 $0$200 M Grants, Bal. 5% $8,432,027 $8,432,027 $8,432,027 $8,432,027 $8,432,027 $0 $0 $0 $0 $0 $0$250 M Grants, Bal. 5% $4,219,291 $4,219,291 $4,219,291 $4,219,291 $4,219,291 $0 $0 $0 $0 $0 $0O&M CostsAnnual Fuel RequirementsCoal Tons - - - - - - - - - - - #1 Fuel Oil GallonsBethel 47,859,742 48,556,073 49,252,404 49,766,478 50,280,552 12,467,577 12,467,577 12,467,577 12,467,577 12,467,577 12,467,577CCKMine - - - - - - - - - - - 211/16/2003 Donlin Creek Mine -60 MW Average Load, 20 Year Mine LifeYear 2010 2015 2020 2025 2030 2035 2040 2045 2050 2055 2060Coal $/Ton $45.80 $45.80 $45.80 $45.80 $45.80 $60.00 $60.00 $60.00 $60.00 $60.00 $60.00 #1 Fuel Oil $/GallonsBethel 0.65$ 0.65$ 0.65$ 0.65$ 0.65$ 0.78$ 0.78$ 0.78$ 0.78$ 0.78$ 0.78$ CCKMineYear 2010 2015 2020 2025 2030 2035 2040 2045 2050 2055 2060Annual Fuel CostsCoal $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 #1 Fuel OilBethel $31,108,833 $31,561,448 $32,014,063 $32,348,211 $32,682,359 $9,724,710 $9,724,710 $9,724,710 $9,724,710 $9,724,710 $9,724,710CCK $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Mine $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Annual Interest Fuel Supply Loan $848,953 $861,305 $873,657 $882,776 $891,894 $265,385 $265,385 $265,385 $265,385 $265,385 $265,385 O&M Tug + Barges $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Purchased PwrDemand Charge $/KWEnergy Charge $/kwhCost of Purchased Pwr $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Total $31,957,786 $32,422,753 $32,887,719 $33,230,986 $33,574,253 $9,990,095 $9,990,095 $9,990,095 $9,990,095 $9,990,095 $9,990,095O&MCoal-PlantPersonnelEquipment/SuppliesCombustion TurbinePersonnel $1,600,000 $1,600,000 $1,600,000 $1,600,000 $1,600,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000Equipment/Supplies $4,100,000 $4,100,000 $4,100,000 $4,100,000 $4,100,000 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000Nuvista Administration $400,000 $400,000 $400,000 $400,000 $400,000 $200,000 $200,000 $200,000 $200,000 $200,000 $200,000 138 kV T-Line $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 +100KV DC Line $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Waste Heat Sales Offset $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Total O&M $6,292,000 $6,292,000 $6,292,000 $6,292,000 $6,292,000 $3,392,000 $3,392,000 $3,392,000 $3,392,000 $3,392,000 $3,392,000PCE Payments $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Year 2010 2015 2020 2025 2030 2035 2040 2045 2050 2045 2050Power CostsCapital Cost $/kWh5% $0.043 $0.042 $0.041 $0.041 $0.041 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000$100 M Grants, Bal. 5% $0.029 $0.028 $0.028 $0.027 $0.027 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000$150 M Grants, Bal. 5% $0.021 $0.021 $0.021 $0.021 $0.020 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000$200 M Grants, Bal. 5% $0.014 $0.014 $0.014 $0.014 $0.014 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000$250 M Grants, Bal. 5% $0.007 $0.007 $0.007 $0.007 $0.007 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000Fuel $/kWh $0.054 $0.054 $0.054 $0.054 $0.054 $0.102 $0.102 $0.102 $0.102 $0.102 $0.102 O&M $/kWh $0.011 $0.010 $0.010 $0.010 $0.010 $0.035 $0.035 $0.035 $0.035 $0.035 $0.035 Total $0.065 $0.065 $0.064 $0.064 $0.064 $0.137 $0.137 $0.137 $0.137 $0.137 $0.137 BreakEven Cost $/kWh5% $0.108 $0.107 $0.106 $0.105 $0.104 $0.137 $0.137 $0.137 $0.137 $0.137 $0.137 $100 M Grants, Bal. 5% $0.093 $0.093 $0.092 $0.091 $0.091 $0.137 $0.137 $0.137 $0.137 $0.137 $0.137 $150 M Grants, Bal. 5% $0.086 $0.086 $0.085 $0.085 $0.084 $0.137 $0.137 $0.137 $0.137 $0.137 $0.137 $200 M Grants, Bal. 5% $0.079 $0.079 $0.078 $0.078 $0.077 $0.137 $0.137 $0.137 $0.137 $0.137 $0.137 $250 M Grants, Bal. 5% $0.072 $0.072 $0.071 $0.071 $0.071 $0.137 $0.137 $0.137 $0.137 $0.137 $0.137 Wholesale Cost$/kWh5% 0.113 0.112 0.111 0.110 0.109 0.142 0.142 0.142 0.142 0.142 0.142$100 M Grants, Bal. 5% 0.098 0.098 0.097 0.096 0.096 0.142 0.142 0.142 0.142 0.142 0.142$150 M Grants, Bal. 5% 0.091 0.091 0.090 0.090 0.089 0.142 0.142 0.142 0.142 0.142 0.142$200 M Grants, Bal. 5% 0.084 0.084 0.083 0.083 0.082 0.142 0.142 0.142 0.142 0.142 0.142$250 M Grants, Bal. 5% 0.077 0.077 0.076 0.076 0.076 0.142 0.142 0.142 0.142 0.142 0.142311/16/2003 Donlin Creek Mine -60 MW Average Load, 20 Year Mine LifeYear 2010 2015 2020 2025 2030 2035 2040 2045 2050 2055 2060Annual WholeSale Cost of Power5% $66,484,964 $66,997,663 $67,510,362 $67,888,868 $68,267,374 $13,872,246 $13,872,246 $13,872,246 $13,872,246 $13,872,246 $13,872,246$100 M Grants, Bal. 5% $58,059,492 $58,572,191 $59,084,891 $59,463,397 $59,841,903 $13,872,246 $13,872,246 $13,872,246 $13,872,246 $13,872,246 $13,872,246$150 M Grants, Bal. 5% $53,846,756 $54,359,456 $54,872,155 $55,250,661 $55,629,167 $13,872,246 $13,872,246 $13,872,246 $13,872,246 $13,872,246 $13,872,246$200 M Grants, Bal. 5% $49,634,021 $50,146,720 $50,659,419 $51,037,925 $51,416,431 $13,872,246 $13,872,246 $13,872,246 $13,872,246 $13,872,246 $13,872,246$250 M Grants, Bal. 5% $45,421,285 $45,933,984 $46,446,683 $46,825,189 $47,203,695 $13,872,246 $13,872,246 $13,872,246 $13,872,246 $13,872,246 $13,872,246Accumulated WholeSale Cost of Power5% 66,484,964 399,422,482 734,923,497 1,072,853,814 1,412,676,661 1,699,618,404 1,768,979,635 1,838,340,866 1,907,702,097 1,977,063,328 2,046,424,559$100 M Grants, Bal. 5% 58,059,492 348,869,652 642,243,309 938,046,267 1,235,741,756 1,488,981,613 1,558,342,844 1,627,704,075 1,697,065,306 1,766,426,536 1,835,787,767$150 M Grants, Bal. 5% 53,846,756 323,593,237 595,903,214 870,642,494 1,147,274,304 1,383,663,217 1,453,024,448 1,522,385,679 1,591,746,910 1,661,108,141 1,730,469,372$200 M Grants, Bal. 5% 49,634,021 298,316,823 549,563,120 803,238,721 1,058,806,852 1,278,344,821 1,347,706,052 1,417,067,283 1,486,428,514 1,555,789,745 1,625,150,976$250 M Grants, Bal. 5% 45,421,285 273,040,408 503,223,026 735,834,948 970,339,399 1,173,026,426 1,242,387,657 1,311,748,888 1,381,110,118 1,450,471,349 1,519,832,580Year 2010 2015 2020 2025 2030 2035 2040 2045 2050 2055 2060Annual Net Income 2,952,208 2,999,940 3,047,673 3,082,912 3,118,151 490,151 490,151 490,151 490,151 490,151 490,151Accumulated Net Income 2,952,208 17,760,981 35,808,357 54,129,633 72,662,342 88,743,247 91,684,152 94,625,056 97,565,961 100,506,866 103,447,770Mine 20 yearPower cost5% $1,183,673,214$100 M Grants, Bal. 5% $1,033,669,295$150 M Grants, Bal. 5% $958,667,336$200 M Grants, Bal. 5% $883,665,377$250 M Grants, Bal. 5% $808,663,417411/16/2003 Donlin Creek Mine - 60 MW Average Load, 20 Year Mine Life150 MW Land-Based Combined-Cycle Plant @ Bethel - #2 Diesel + 138 KV T-Line to mine, No Waste Heat SalesBethel+8 villagesYear 2010 2015 2020 2025 2030 2035 2040 2045 2050 2055 20601. Power RequirementsKWs Peak DemandDonlin Gold Mine 70,000.00 70,000.00 70,000.00 70,000.00 70,000.00 - - - - - - Villages 2,281 2,630 2,980 3,123 3,266 3,350 3,433 3,433 3,433 3,433 3,433Bethel 9,580 10,995 12,410 13,407 14,403 14,403 14,403 14,403 14,403 14,403 14,403Line Loss 5,000 5,000 5,000 5,000 5,000 0.5 0.5 0.5 0.5 0.5 0.5In Plant Use 2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500Total KW 89,361.24 91,125.44 92,889.63 94,029.37 95,169.10 20,253.05 20,336.50 20,336.50 20,336.50 20,336.50 20,336.50 KWHsDonlin Gold Mine 525,600,000.00 525,600,000.00 525,600,000.00 525,600,000.00 525,600,000.00 - - - - - - Villages 10,295,423 11,782,606 13,269,790 14,645,290 16,020,790 16,020,790 16,020,790 16,020,790 16,020,790 16,020,790 16,020,790Bethel 54,546,206 62,605,493 70,664,781 76,337,072 82,009,364 82,009,364 82,009,364 82,009,364 82,009,364 82,009,364 82,009,364Total KWH Sales 590,441,628 599,988,100 609,534,571 616,582,362 623,630,154 98,030,154 98,030,154 98,030,154 98,030,154 98,030,154 98,030,154T-Line losses 43,800,000.00 43,800,000.00 43,800,000.00 43,800,000.00 43,800,000.00 4,380.00 4,380.00 4,380.00 4,380.00 4,380.00 4,380.00 In Plant Use 21,900,000.00 21,900,000.00 21,900,000.00 21,900,000.00 21,900,000.00 21,900,000.00 21,900,000.00 21,900,000.00 21,900,000.00 21,900,000.00 21,900,000.00 Total kWh Generated 656,141,628.49 665,688,099.85 675,234,571.20 682,282,362.43 689,330,153.66 119,934,533.66 119,934,533.66 119,934,533.66 119,934,533.66 119,934,533.66 119,934,533.66 Generation Capacity KWs CFB Coal Plant 0 0 0 0000097,000 0 97,000Combustion Turbine Bethel 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000CCK 0 0 0 0 0000000 Mine 0 0 0 00000000Bethel Utilities Plant 0 0 0 00000000Total Capacity in KWs 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000 247,000 150,000 247,000Generation KWHsCoal Plant 0 0 0 00000000Combustion Turbine Bethel 656,141,628 665,688,100 675,234,571 682,282,362 689,330,154 119,934,534 119,934,534 119,934,534 119,934,534 119,934,534 119,934,534CCK 0 0 0 0 0000000 Mine 0 0 0 00000000Purchased Power 0 0 0 000000002. Capital Cost(1)Plant CostsCoal Plant $/kW $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Combustion Turbine $/kW Bethel $890 $890 $890 $890 $890 $890 $890 $890 $890 $890 $890CCK Mine Bethel Utilities Plant138 kV T-Line/Mile $680,900 $680,900 $680,900 $680,900 $680,900 $0 $0 $0 $0 $0 $0Plant Costs $Coal Plant $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Combustion Turbine Bethel $133,500,000 $133,500,000 $133,500,000 $133,500,000 $133,500,000 $0 $0 $0 $0 $0 $0CCK Mine $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Bethel Utilities PlantTotal $133,500,000 $133,500,000 $133,500,000 $133,500,000 $133,500,000 $0 $0 $0 $0 $0 $0111/15/2003 Donlin Creek Mine - 60 MW Average Load, 20 Year Mine LifeYear 2010 2015 2020 2025 2030 2035 2040 2045 2050 2055 2060138 kV T-Line @ 192 miles $130,732,800 $130,732,800 $130,732,800 $130,732,800 $130,732,800 $0 $0 $0 $0 $0 $0Bethel Diesel Plant $500,000 $500,000 $500,000 $500,000 $500,000 $0 $0 $0 $0 $0 $0138 kV Substations $4,100,000 $4,100,000 $4,100,000 $4,100,000 $4,100,000 $0 $0 $0 $0 $0 $0Village Sub.+ Dist. Lines $7,245,000 $7,245,000 $7,245,000 $7,245,000 $7,245,000 $0 $0 $0 $0 $0 $0 +100 kV DC Line @ 385 miles $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Total $142,577,800 $142,577,800 $142,577,800 $142,577,800 $142,577,800 $0 $0 $0 $0 $0 $0Tug + 3 Barges $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Enviormental Studies $6,000,000 $6,000,000 $6,000,000 $6,000,000 $6,000,000 $0 $0 $0 $0 $0 $0Fuel Storage Gallons Bethel 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000CCK 0 0 0 0 0000000 Mine 0 0 0 00000000Fuel Storage Costs $/Gallon Bethel $1.00 $1.00 $1.00 $1.00 $1.00 $1.00 $1.00 $1.00 $1.00 $1.00 $1.00CCK MineFuel Storage Costs Bethel $25,000,000 $25,000,000 $25,000,000 $25,000,000 $25,000,000 $0 $0 $0 $0 $0 $0CCK $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Mine $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Total Fuel Oil Storage $25,000,000 $25,000,000 $25,000,000 $25,000,000 $25,000,000 $0 $0 $0 $0 $0 $0Year 2010 2015 2020 2025 2030 2035 2040 2045 2050 2045 2050District Heating System $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0SubTotal Capital Costs $307,077,800 $307,077,800 $307,077,800 $307,077,800 $307,077,800 $0 $0 $0 $0 $0 $0Interest During Constuction5% $15,353,890 $15,353,890 $15,353,890 $15,353,890 $15,353,890 $0 $0 $0 $0 $0 $0$100 M Grants, Bal. 5% $10,353,890 $10,353,890 $10,353,890 $10,353,890 $10,353,890 $0 $0 $0 $0 $0 $0$150 M Grants, Bal. 5% $7,853,890 $7,853,890 $7,853,890 $7,853,890 $7,853,890 $0 $0 $0 $0 $0 $0$200 M Grants, Bal. 5% $5,353,890 $5,353,890 $5,353,890 $5,353,890 $5,353,890 $0 $0 $0 $0 $0 $0$250 M Grants, Bal. 5% $2,853,890 $2,853,890 $2,853,890 $2,853,890 $2,853,890 $0 $0 $0 $0 $0 $0Total Capital Cost5% $322,431,690 $322,431,690 $322,431,690 $322,431,690 $322,431,690 $0 $0 $0 $0 $0 $0$100 M Grants, Bal. 5% $217,431,690 $217,431,690 $217,431,690 $217,431,690 $217,431,690 $0 $0 $0 $0 $0 $0$150 M Grants, Bal. 5% $164,931,690 $164,931,690 $164,931,690 $164,931,690 $164,931,690 $0 $0 $0 $0 $0 $0$200 M Grants, Bal. 5% $112,431,690 $112,431,690 $112,431,690 $112,431,690 $112,431,690 $0 $0 $0 $0 $0 $0$250 M Grants, Bal. 5% $59,931,690 $59,931,690 $59,931,690 $59,931,690 $59,931,690 $0 $0 $0 $0 $0 $0 3. ExpensesAnnual Debt Service5% $25,872,753 $25,872,753 $25,872,753 $25,872,753 $25,872,753 $0 $0 $0 $0 $0 $0$100 M Grants, Bal. 5% $17,447,281 $17,447,281 $17,447,281 $17,447,281 $17,447,281 $0 $0 $0 $0 $0 $0$150 M Grants, Bal. 5% $13,234,546 $13,234,546 $13,234,546 $13,234,546 $13,234,546 $0 $0 $0 $0 $0 $0$200 M Grants, Bal. 5% $9,021,810 $9,021,810 $9,021,810 $9,021,810 $9,021,810 $0 $0 $0 $0 $0 $0$250 M Grants, Bal. 5% $4,809,074 $4,809,074 $4,809,074 $4,809,074 $4,809,074 $0 $0 $0 $0 $0 $0O&M CostsAnnual Fuel RequirementsCoal Tons - - - - - - - - - - - #1 Fuel Oil GallonsBethel 31,292,908.44 31,748,201.68 32,203,494.93 32,539,620.36 32,875,745.79 7,864,937.69 7,864,937.69 7,864,937.69 7,864,937.69 7,864,937.69 7,864,937.69 CCKMine - - - - - - - - - - - Coal $/Ton $45.80 $45.80 $45.80 $45.80 $45.80 $60.00 $60.00 $60.00 $60.00 $60.00 $60.00 #1 Fuel Oil $/GallonsBethel 1.04$ 1.04$ 1.04$ 1.04$ 1.04$ 1.20$ 1.20$ 1.20$ 1.20$ 1.20$ 1.20$ CCKMine211/15/2003 Donlin Creek Mine - 60 MW Average Load, 20 Year Mine LifeYear 2010 2015 2020 2025 2030 2035 2040 2045 2050 2055 2060Annual Fuel CostsCoal $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 #1 Fuel OilBethel $32,544,625 $33,018,130 $33,491,635 $33,841,205 $34,190,776 $9,437,925 $9,437,925 $9,437,925 $9,437,925 $9,437,925 $9,437,925CCK $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Mine $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Annual Interest Fuel Supply Loan $888,136 $901,058 $913,979 $923,519 $933,059 $257,559 $257,559 $257,559 $257,559 $257,559 $257,559 O&M Tug + Barges $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Purchased PwrDemand Charge $/KWEnergy Charge $/kwhCost of Purchased Pwr $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Total $33,432,760 $33,919,187 $34,405,614 $34,764,724 $35,123,834 $9,695,484 $9,695,484 $9,695,484 $9,695,484 $9,695,484 $9,695,484O&MCoal-PlantPersonnelEquipment/SuppliesCombustion TurbinePersonnel $1,600,000 $1,600,000 $1,600,000 $1,600,000 $1,600,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000Equipment/Supplies $4,100,000 $4,100,000 $4,100,000 $4,100,000 $4,100,000 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000Nuvista Administration $400,000 $400,000 $400,000 $400,000 $400,000 $200,000 $200,000 $200,000 $200,000 $200,000 $200,000 138 kV T-Line $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 +100KV DC Line $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Waste Heat Sales Offset $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Total O&M $6,292,000 $6,292,000 $6,292,000 $6,292,000 $6,292,000 $3,392,000 $3,392,000 $3,392,000 $3,392,000 $3,392,000 $3,392,000PCE Payments $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Year 2010 2015 2020 2025 2030 2035 2040 2045 2050 2045 2050Power CostsCapital Cost $/kWh5% $0.044 $0.043 $0.042 $0.042 $0.041 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000$100 M Grants, Bal. 5% $0.030 $0.029 $0.029 $0.028 $0.028 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000$150 M Grants, Bal. 5% $0.022 $0.022 $0.022 $0.021 $0.021 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000$200 M Grants, Bal. 5% $0.015 $0.015 $0.015 $0.015 $0.014 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000$250 M Grants, Bal. 5% $0.008 $0.008 $0.008 $0.008 $0.008 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000Fuel $/kWh $0.057 $0.057 $0.056 $0.056 $0.056 $0.099 $0.099 $0.099 $0.099 $0.099 $0.099 O&M $/kWh $0.011 $0.010 $0.010 $0.010 $0.010 $0.035 $0.035 $0.035 $0.035 $0.035 $0.035 Total $0.067 $0.067 $0.067 $0.067 $0.066 $0.134 $0.134 $0.134 $0.134 $0.134 $0.134 BreakEven Cost $/kWh5% $0.111 $0.110 $0.109 $0.109 $0.108 $0.134 $0.134 $0.134 $0.134 $0.134 $0.134 $100 M Grants, Bal. 5% $0.097 $0.096 $0.095 $0.095 $0.094 $0.134 $0.134 $0.134 $0.134 $0.134 $0.134 $150 M Grants, Bal. 5% $0.090 $0.089 $0.088 $0.088 $0.088 $0.134 $0.134 $0.134 $0.134 $0.134 $0.134 $200 M Grants, Bal. 5% $0.083 $0.082 $0.082 $0.081 $0.081 $0.134 $0.134 $0.134 $0.134 $0.134 $0.134 $250 M Grants, Bal. 5% $0.075 $0.075 $0.075 $0.074 $0.074 $0.134 $0.134 $0.134 $0.134 $0.134 $0.134 Wholesale Cost$/kWh5% 0.116 0.115 0.114 0.114 0.113 0.139 0.139 0.139 0.139 0.139 0.139$100 M Grants, Bal. 5% 0.102 0.101 0.100 0.100 0.099 0.139 0.139 0.139 0.139 0.139 0.139$150 M Grants, Bal. 5% 0.095 0.094 0.093 0.093 0.093 0.139 0.139 0.139 0.139 0.139 0.139$200 M Grants, Bal. 5% 0.088 0.087 0.087 0.086 0.086 0.139 0.139 0.139 0.139 0.139 0.139$250 M Grants, Bal. 5% 0.080 0.080 0.080 0.079 0.079 0.139 0.139 0.139 0.139 0.139 0.139311/15/2003 Donlin Creek Mine - 60 MW Average Load, 20 Year Mine LifeYear 2010 2015 2020 2025 2030 2035 2040 2045 2050 2055 2060Annual WholeSale Cost of Power5% $68,549,722 $69,083,881 $69,618,040 $70,012,389 $70,406,738 $13,577,635 $13,577,635 $13,577,635 $13,577,635 $13,577,635 $13,577,635$100 M Grants, Bal. 5% $60,124,250 $60,658,409 $61,192,568 $61,586,917 $61,981,267 $13,577,635 $13,577,635 $13,577,635 $13,577,635 $13,577,635 $13,577,635$150 M Grants, Bal. 5% $55,911,514 $56,445,673 $56,979,832 $57,374,182 $57,768,531 $13,577,635 $13,577,635 $13,577,635 $13,577,635 $13,577,635 $13,577,635$200 M Grants, Bal. 5% $51,698,778 $52,232,937 $52,767,097 $53,161,446 $53,555,795 $13,577,635 $13,577,635 $13,577,635 $13,577,635 $13,577,635 $13,577,635$250 M Grants, Bal. 5% $47,486,042 $48,020,202 $48,554,361 $48,948,710 $49,343,059 $13,577,635 $13,577,635 $13,577,635 $13,577,635 $13,577,635 $13,577,635Accumulated WholeSale Cost of Power5% 68,549,722 411,832,489 757,786,052 1,106,270,601 1,456,726,896 1,751,931,483 1,819,819,658 1,887,707,832 1,955,596,007 2,023,484,181 2,091,372,356$100 M Grants, Bal. 5% 60,124,250 361,279,659 665,105,864 971,463,055 1,279,791,991 1,541,294,692 1,609,182,866 1,677,071,041 1,744,959,215 1,812,847,390 1,880,735,565$150 M Grants, Bal. 5% 55,911,514 336,003,244 618,765,770 904,059,281 1,191,324,538 1,435,976,296 1,503,864,471 1,571,752,645 1,639,640,820 1,707,528,994 1,775,417,169$200 M Grants, Bal. 5% 51,698,778 310,726,829 572,425,676 836,655,508 1,102,857,086 1,330,657,900 1,398,546,075 1,466,434,250 1,534,322,424 1,602,210,599 1,670,098,773$250 M Grants, Bal. 5% 47,486,042 285,450,414 526,085,581 769,251,735 1,014,389,634 1,225,339,505 1,293,227,679 1,361,115,854 1,429,004,028 1,496,892,203 1,564,780,377Annual Net Income 2,952,208 2,999,940 3,047,673 3,082,912 3,118,151 490,151 490,151 490,151 490,151 490,151 490,151Accumulated Net Income 2,952,208 17,760,981 35,808,357 54,129,633 72,662,342 88,743,247 91,684,152 94,625,056 97,565,961 100,506,866 103,447,770Mine 20 yearPower cost5% $1,220,433,382$100 M Grants, Bal. 5% $1,070,429,463$150 M Grants, Bal. 5% $995,427,504$200 M Grants, Bal. 5% $920,425,545$250 M Grants, Bal. 5% $845,423,585411/15/2003 COMBUSTION TURBINE - CROOKED CREEK Donlin Creek Mine - 60 MW Average Load, 20 Year Mine Life110 MW Combined-Cycle Plant @ Crooked Creek - #2 Fuel Oil + 138 KV T-Line to mine, No Waste Heat SalesYear 2010 2015 2020 2025 20301. Power RequirementsKWs Peak DemandDonlin Gold Mine 70,000.00 70,000.00 70,000.00 70,000.00 70,000.00 Villages 0 1,490 2,980 3,123 3,266Bethel 0 6,205 12,410 13,407 14,403Line Loss 0.5 0.5 0.5 0.5 0.5In Plant Use 2,500 2,500 2,500 2,500 2,500Total KW 72,500.5 80,195.3 87,890.1 89,029.9 90,169.6 KWHsDonlin Gold Mine 525,600,000 525,600,000 525,600,000 525,600,000 525,600,000 Villages 0 0 0 0 0Bethel 0 0 0 0 0Total KWH Sales 525,600,000 525,600,000 525,600,000 525,600,000 525,600,000T-Line losses 4,380 4,380 4,380 4,380 4,380 In Plant Use 21,900,000 21,900,000 21,900,000 21,900,000 21,900,000 Total kWh Generated 547,504,380 547,504,380 547,504,380 547,504,380 547,504,380 Generation Capacity KWs CFB Coal Plant 0 0 0 0 0Combustion Turbine Bethel 110,000 110,000 110,000 110,000 110,000CCK00000 Mine 0 0 0 0 0Bethel Utilities Plant 0 0 0 0 0Total Capacity in KWs 110,000 110,000 110,000 110,000 110,000Generation KWHsCoal Plant 0 0 0 0 0Combustion Turbine Bethel 547,504,380 547,504,380 547,504,380 547,504,380 547,504,380CCK00000 Mine 0 0 0 0 0Purchased Power 0 0 0 0 02. Capital Cost(1)Plant CostsCoal Plant $/kW $0 $0 $0 $0 $0Combustion Turbine $/kW Bethel $900 $900 $900 $900 $900CCK Mine Bethel Utilities Plant138 kV T-Line/Mile $680,900 $680,900 $680,900 $680,900 $680,900111/15/2003 Donlin Creek Mine - 60 MW Average Load, 20 Year Mine LifeYear 2010 2015 2020 2025 2030Plant Costs $Coal Plant $0 $0 $0 $0 $0Combustion Turbine Bethel $99,000,000 $99,000,000 $99,000,000 $99,000,000 $99,000,000CCK Mine $0 $0 $0 $0 $0Bethel Utilities PlantTotal $99,000,000 $99,000,000 $99,000,000 $99,000,000 $99,000,000138 kV T-Line @ 14 miles $9,532,600 $9,532,600 $9,532,600 $9,532,600 $9,532,600Bethel Diesel Plant $0 $0 $0 $0 $0138 kV Substations $4,100,000 $4,100,000 $4,100,000 $4,100,000 $4,100,000Village Sub.+ Dist. Lines $0 $0 $0 $0 $0 +100 kV DC Line @ 385 miles $0 $0 $0 $0 $0Total $13,632,600 $13,632,600 $13,632,600 $13,632,600 $13,632,600Tug + 3 Barges $0 $0 $0 $0 $0Enviormental Studies $3,000,000 $3,000,000 $3,000,000 $3,000,000 $3,000,000Fuel Storage Gallons BethelCCK 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 Mine 0 0 0 0 0Fuel Storage Costs $/Gallon BethelCCK $1.00 $1.00 $1.00 $1.00 $1.00 MineFuel Storage Costs BethelCCK $25,000,000 $25,000,000 $25,000,000 $25,000,000 $25,000,000 Mine $0 $0 $0 $0 $0Total Fuel Oil Storage $25,000,000 $25,000,000 $25,000,000 $25,000,000 $25,000,000Year 2010 2015 2020 2025 2030District Heating System $0 $0 $0 $0 $0SubTotal Capital Costs $140,632,600 $140,632,600 $140,632,600 $140,632,600 $140,632,600Interest During Constuction5% $7,031,630 $7,031,630 $7,031,630 $7,031,630 $7,031,630$100 M Grants, Bal. 5% $2,031,630 $2,031,630 $2,031,630 $2,031,630 $2,031,630$140 M Grants, Bal. 5% $0 $0 $0 $0 $0Total Capital Cost5% $147,664,230 $147,664,230 $147,664,230 $147,664,230 $147,664,230$100 M Grants, Bal. 5% $42,664,230 $42,664,230 $42,664,230 $42,664,230 $42,664,230$140 M Grants, Bal. 5% $0 $0 $0 $0 $0211/15/2003 Donlin Creek Mine - 60 MW Average Load, 20 Year Mine LifeYear 2010 2015 2020 2025 2030 3. ExpensesAnnual Debt Service5% $11,848,960 $11,848,960 $11,848,960 $11,848,960 $11,848,960$100 M Grants, Bal. 5% $3,423,488 $3,423,488 $3,423,488 $3,423,488 $3,423,488$140 M Grants, Bal. 5% $0 $0 $0 $0 $0$0 $0 $0 $0 $0$0 $0 $0 $0 $0O&M CostsAnnual Fuel RequirementsCoal Tons - - - - - #1 Fuel Oil GallonsBethelCCK 29,919,710.51 29,919,710.51 29,919,710.51 29,919,710.51 29,919,710.51 Mine - - - - - Coal $/Ton $45.80 $45.80 $45.80 $45.80 $45.80 #1 Fuel Oil $/GallonsBethel 1.25$ 1.25$ 1.25$ 1.25$ 1.25$ CCKMineAnnual Fuel CostsCoal $0 $0 $0 $0 $0 #1 Fuel OilBethelCCK $37,399,638 $37,399,638 $37,399,638 $37,399,638 $37,399,638Mine $0 $0 $0 $0 $0Annual Interest Fuel Supply Loan $1,020,628 $1,020,628 $1,020,628 $1,020,628 $1,020,628 O&M Tug + Barges $0 $0 $0 $0 $0 Purchased PwrDemand Charge $/KWEnergy Charge $/kwhCost of Purchased Pwr $0 $0 $0 $0 $0Total $38,420,266 $38,420,266 $38,420,266 $38,420,266 $38,420,266O&MCoal-PlantPersonnelEquipment/SuppliesCombustion TurbinePersonnel $1,600,000 $1,600,000 $1,600,000 $1,600,000 $1,600,000Equipment/Supplies $4,100,000 $4,100,000 $4,100,000 $4,100,000 $4,100,000Nuvista Administration $400,000 $400,000 $400,000 $400,000 $400,000 138 kV T-Line $14,000 $14,000 $14,000 $14,000 $14,000 +100KV DC Line $0 $0 $0 $0 $0Waste Heat Sales Offset $0 $0 $0 $0 $0Total O&M $6,114,000 $6,114,000 $6,114,000 $6,114,000 $6,114,000311/15/2003 Donlin Creek Mine - 60 MW Average Load, 20 Year Mine LifeYear 2010 2015 2020 2025 2030PCE Payments $0 $0 $0 $0 $0Power CostsCapital Cost $/kWh5% $0.023 $0.023 $0.023 $0.023 $0.023$100 M Grants, Bal. 5% $0.007 $0.007 $0.007 $0.007 $0.007$140 M Grants, Bal. 5% $0.000 $0.000 $0.000 $0.000 $0.000Fuel $/kWh $0.073 $0.073 $0.073 $0.073 $0.073 O&M $/kWh $0.012 $0.012 $0.012 $0.012 $0.012 Total $0.085 $0.085 $0.085 $0.085 $0.085 BreakEven Cost $/kWh5% $0.107 $0.107 $0.107 $0.107 $0.107 $100 M Grants, Bal. 5% $0.091 $0.091 $0.091 $0.091 $0.091 $140 M Grants, Bal. 5% $0.085 $0.085 $0.085 $0.085 $0.085 Wholesale Cost$/kWh5% 0.112 0.112 0.112 0.112 0.112$100 M Grants, Bal. 5% 0.096 0.096 0.096 0.096 0.096$140 M Grants, Bal. 5% 0.090 0.090 0.090 0.090 0.090Annual WholeSale Cost of Power5% $59,011,226 $59,011,226 $59,011,226 $59,011,226 $59,011,226$100 M Grants, Bal. 5% $50,585,754 $50,585,754 $50,585,754 $50,585,754 $50,585,754$140 M Grants, Bal. 5% $47,162,266 $47,162,266 $47,162,266 $47,162,266 $47,162,266Accumulated WholeSale Cost of Power5% 59,011,226 354,067,356 649,123,485 944,179,615 1,239,235,745$100 M Grants, Bal. 5% 50,585,754 303,514,526 556,443,297 809,372,069 1,062,300,840$140 M Grants, Bal. 5% 47,162,266 282,973,597 518,784,927 754,596,257 990,407,588Annual Net Income 2,628,000 2,628,000 2,628,000 2,628,000 2,628,000Accumulated Net Income 2,628,000 15,768,000 31,536,000 47,304,000 63,072,000Mine 20 yearPower cost5% $1,180,224,519$100 M Grants, Bal. 5% $1,011,715,086$140 M Grants, Bal. 5% $943,245,322411/15/2003 Donlin Creek Mine - 50 MW Average Load, 20 Year Mine Life110 MW Combined-Cycle Plant @ Crooked Creek - #2 Fuel Oil + 138 KV T-Line to mine, No Waste Heat SalesYear 2010 2015 2020 2025 20301. Power RequirementsKWs Peak DemandDonlin Gold Mine 60,000 60,000 60,000 60,000 60,000 Villages 0 1,490 2,980 3,123 3,266Bethel 0 6,205 12,410 13,407 14,403Line Loss 500 500 500 500 500In Plant Use 2,500 2,500 2,500 2,500 2,500Total KW 63,000.0 70,694.8 78,389.6 79,529.4 80,669.1 KWHsDonlin Gold Mine 438,000,000.00 438,000,000.00 438,000,000.00 438,000,000.00 438,000,000.00 Villages00000Bethel00000Total KWH Sales 438,000,000 438,000,000 438,000,000 438,000,000 438,000,000T-Line losses 4,380,000 4,380,000 4,380,000 4,380,000 4,380,000 In Plant Use 21,900,000 21,900,000 21,900,000 21,900,000 21,900,000 Total kWh Generated 464,280,000 464,280,000 464,280,000 464,280,000 464,280,000 Generation Capacity KWs CFB Coal Plant00000Combustion Turbine Bethel 110,000 110,000 110,000 110,000 110,000CCK00000 Mine00000Bethel Utilities Plant00000Total Capacity in KWs 110,000 110,000 110,000 110,000 110,000Generation KWHsCoal Plant 00000Combustion Turbine Bethel 464,280,000 464,280,000 464,280,000 464,280,000 464,280,000CCK00000 Mine 00000Purchased Power000002. Capital Cost(1)Plant CostsCoal Plant $/kW $0 $0 $0 $0 $0Combustion Turbine $/kW Bethel $900 $900 $900 $900 $900CCK Mine Bethel Utilities Plant138 kV T-Line/Mile $680,900 $680,900 $680,900 $680,900 $680,900111/16/2003 Donlin Creek Mine - 50 MW Average Load, 20 Year Mine LifeYear 2010 2015 2020 2025 2030Plant Costs $Coal Plant $0 $0 $0 $0 $0Combustion Turbine Bethel $99,000,000 $99,000,000 $99,000,000 $99,000,000 $99,000,000CCK Mine $0 $0 $0 $0 $0Bethel Utilities PlantTotal $99,000,000 $99,000,000 $99,000,000 $99,000,000 $99,000,000138 kV T-Line @ 14 miles $9,532,600 $9,532,600 $9,532,600 $9,532,600 $9,532,600Bethel Diesel Plant $0 $0 $0 $0 $0138 kV Substations $4,100,000 $4,100,000 $4,100,000 $4,100,000 $4,100,000Village Sub.+ Dist. Lines $0 $0 $0 $0 $0 +100 kV DC Line @ 385 miles $0 $0 $0 $0 $0Total $13,632,600 $13,632,600 $13,632,600 $13,632,600 $13,632,600Tug + 3 Barges $0 $0 $0 $0 $0Enviormental Studies $3,000,000 $3,000,000 $3,000,000 $3,000,000 $3,000,000Fuel Storage Gallons BethelCCK 21,000,000 21,000,000 21,000,000 21,000,000 21,000,000 Mine00000Fuel Storage Costs $/Gallon BethelCCK $1.00 $1.00 $1.00 $1.00 $1.00 MineFuel Storage Costs BethelCCK $21,000,000 $21,000,000 $21,000,000 $21,000,000 $21,000,000 Mine $0 $0 $0 $0 $0Total Fuel Oil Storage $21,000,000 $21,000,000 $21,000,000 $21,000,000 $21,000,000Year 2010 2015 2020 2025 2030District Heating System $0 $0 $0 $0 $0SubTotal Capital Costs $136,632,600 $136,632,600 $136,632,600 $136,632,600 $136,632,600Interest During Constuction5% $6,831,630 $6,831,630 $6,831,630 $6,831,630 $6,831,630$100 M Grants, Bal. 5% $1,831,630 $1,831,630 $1,831,630 $1,831,630 $1,831,630$140 M Grants, Bal. 5% $0 $0 $0 $0 $0Total Capital Cost5% $143,464,230 $143,464,230 $143,464,230 $143,464,230 $143,464,230$100 M Grants, Bal. 5% $38,464,230 $38,464,230 $38,464,230 $38,464,230 $38,464,230$140 M Grants, Bal. 5% $0 $0 $0 $0 $0211/16/2003 Donlin Creek Mine - 50 MW Average Load, 20 Year Mine LifeYear 2010 2015 2020 2025 2030 3. ExpensesAnnual Debt Service5% $11,511,941 $11,511,941 $11,511,941 $11,511,941 $11,511,941$100 M Grants, Bal. 5% $3,086,469 $3,086,469 $3,086,469 $3,086,469 $3,086,469$140 M Grants, Bal. 5% $0 $0 $0 $0 $0$0 $0 $0 $0 $0$0 $0 $0 $0 $0O&M CostsAnnual Fuel RequirementsCoal Tons - - - - - #1 Fuel Oil GallonsBethelCCK 25,371,711.54 25,371,711.54 25,371,711.54 25,371,711.54 25,371,711.54 Mine - - - - - Coal $/Ton $45.80 $45.80 $45.80 $45.80 $45.80 #1 Fuel Oil $/GallonsBethel 1.25$ 1.25$ 1.25$ 1.25$ 1.25$ CCKMineAnnual Fuel CostsCoal $0 $0 $0 $0 $0 #1 Fuel OilBethelCCK $31,714,639 $31,714,639 $31,714,639 $31,714,639 $31,714,639Mine $0 $0 $0 $0 $0Annual Interest Fuel Supply Loan $865,486 $865,486 $865,486 $865,486 $865,486 O&M Tug + Barges $0 $0 $0 $0 $0 Purchased PwrDemand Charge $/KWEnergy Charge $/kwhCost of Purchased Pwr $0 $0 $0 $0 $0Total $32,580,125 $32,580,125 $32,580,125 $32,580,125 $32,580,125O&MCoal-PlantPersonnelEquipment/SuppliesCombustion TurbinePersonnel $1,600,000 $1,600,000 $1,600,000 $1,600,000 $1,600,000Equipment/Supplies $4,100,000 $4,100,000 $4,100,000 $4,100,000 $4,100,000Nuvista Administration $400,000 $400,000 $400,000 $400,000 $400,000 138 kV T-Line $14,000 $14,000 $14,000 $14,000 $14,000 +100KV DC Line $0 $0 $0 $0 $0311/16/2003 Donlin Creek Mine - 50 MW Average Load, 20 Year Mine LifeYear 2010 2015 2020 2025 2030Waste Heat Sales Offset $0 $0 $0 $0 $0Total O&M $6,116,010 $6,116,015 $6,116,020 $6,116,025 $6,116,030PCE Payments $0 $0 $0 $0 $0Year 2010 2015 2020 2025 2030Power CostsCapital Cost $/kWh5% $0.026 $0.026 $0.026 $0.026 $0.026$100 M Grants, Bal. 5% $0.007 $0.007 $0.007 $0.007 $0.007$140 M Grants, Bal. 5% $0.000 $0.000 $0.000 $0.000 $0.000Fuel $/kWh $0.074 $0.074 $0.074 $0.074 $0.074 O&M $/kWh $0.014 $0.014 $0.014 $0.014 $0.014 Total $0.088 $0.088 $0.088 $0.088 $0.088 BreakEven Cost $/kWh5% $0.115 $0.115 $0.115 $0.115 $0.115 $100 M Grants, Bal. 5% $0.095 $0.095 $0.095 $0.095 $0.095 $140 M Grants, Bal. 5% $0.088 $0.088 $0.088 $0.088 $0.088 Wholesale Cost$/kWh5% 0.120 0.120 0.120 0.120 0.120$100 M Grants, Bal. 5% 0.100 0.100 0.100 0.100 0.100$140 M Grants, Bal. 5% 0.093 0.093 0.093 0.093 0.093Annual WholeSale Cost of Power5% $52,398,076 $52,398,081 $52,398,086 $52,398,091 $52,398,096$100 M Grants, Bal. 5% $43,972,604 $43,972,609 $43,972,614 $43,972,619 $43,972,624$140 M Grants, Bal. 5% $40,886,135 $40,886,140 $40,886,145 $40,886,150 $40,886,155Accumulated WholeSale Cost of Power5% 52,398,076 314,388,461 576,378,871 838,369,306 1,100,359,766$100 M Grants, Bal. 5% 43,972,604 263,835,631 483,698,683 703,561,759 923,424,861$140 M Grants, Bal. 5% 40,886,135 245,316,815 449,747,520 654,178,250 858,609,005Annual Net Income 2,190,000 2,190,000 2,190,000 2,190,000 2,190,000Accumulated Net Income 2,190,000 13,140,000 26,280,000 39,420,000 52,560,000Mine 20 yearPower cost5% $1,047,961,520$100 M Grants, Bal. 5% $879,452,087$140 M Grants, Bal. 5% $817,722,700411/16/2003 Donlin Creek Mine -70 MW Average Load, 20 Year Mine Life110 MW Combined-Cycle Plant @ Crooked Creek - #2 Fuel Oil + 138 KV T-Line to mine, No Waste Heat SalesYear 2010 2015 2020 2025 20301. Power RequirementsKWs Peak DemandDonlin Gold Mine 80,000 80,000 80,000 80,000 80,000 Villages00000Bethel00000Line Loss 0.5 0.5 0.5 0.5 0.5In Plant Use 2,500 2,500 2,500 2,500 2,500Total KW 82,500.5 82,500.5 82,500.5 82,500.5 82,500.5 KWHsDonlin Gold Mine 613,200,000 613,200,000 613,200,000 613,200,000 613,200,000 Villages00000Bethel00000Total KWH Sales 613,200,000 613,200,000 613,200,000 613,200,000 613,200,000T-Line losses 4,380 4,380 4,380 4,380 4,380 In Plant Use 21,900,000 21,900,000 21,900,000 21,900,000 21,900,000 Total kWh Generated 635,104,380 635,104,380 635,104,380 635,104,380 635,104,380 Generation Capacity KWs CFB Coal Plant00000Combustion Turbine Bethel 110,000 110,000 110,000 110,000 110,000CCK00000 Mine00000Bethel Utilities Plant00000Total Capacity in KWs 110,000 110,000 110,000 110,000 110,000Generation KWHsCoal Plant 00000Combustion Turbine Bethel 635,104,380 635,104,380 635,104,380 635,104,380 635,104,380CCK00000 Mine 00000Purchased Power000002. Capital Cost(1)Plant CostsCoal Plant $/kW $0 $0 $0 $0 $0Combustion Turbine $/kW Bethel $900 $900 $900 $900 $900CCK Mine Bethel Utilities Plant138 kV T-Line/Mile $680,900 $680,900 $680,900 $680,900 $680,900111/16/2003 Donlin Creek Mine -70 MW Average Load, 20 Year Mine LifeYear 2010 2015 2020 2025 2030Plant Costs $Coal Plant $0 $0 $0 $0 $0Combustion Turbine Bethel $99,000,000 $99,000,000 $99,000,000 $99,000,000 $99,000,000CCK Mine $0 $0 $0 $0 $0Bethel Utilities PlantTotal $99,000,000 $99,000,000 $99,000,000 $99,000,000 $99,000,000138 kV T-Line @ 14 miles $9,532,600 $9,532,600 $9,532,600 $9,532,600 $9,532,600Bethel Diesel Plant $0 $0 $0 $0 $0138 kV Substations $4,100,000 $4,100,000 $4,100,000 $4,100,000 $4,100,000Village Sub.+ Dist. Lines $0 $0 $0 $0 $0 +100 kV DC Line @ 385 miles $0 $0 $0 $0 $0Total $13,632,600 $13,632,600 $13,632,600 $13,632,600 $13,632,600Tug + 3 Barges $0 $0 $0 $0 $0Enviormental Studies $3,000,000 $3,000,000 $3,000,000 $3,000,000 $3,000,000Fuel Storage Gallons BethelCCK 29,000,000 29,000,000 29,000,000 29,000,000 29,000,000 Mine00000Fuel Storage Costs $/Gallon BethelCCK $1.00 $1.00 $1.00 $1.00 $1.00 MineFuel Storage Costs BethelCCK $29,000,000 $29,000,000 $29,000,000 $29,000,000 $29,000,000 Mine $0 $0 $0 $0 $0Total Fuel Oil Storage $29,000,000 $29,000,000 $29,000,000 $29,000,000 $29,000,000Year 2010 2015 2020 2025 2030District Heating System $0 $0 $0 $0 $0SubTotal Capital Costs $144,632,600 $144,632,600 $144,632,600 $144,632,600 $144,632,600Interest During Constuction5% $7,231,630 $7,231,630 $7,231,630 $7,231,630 $7,231,630$100 M Grants, Bal. 5% $2,231,630 $2,231,630 $2,231,630 $2,231,630 $2,231,630$140 M Grants, Bal. 5% $0 $0 $0 $0 $0Total Capital Cost5% $151,864,230 $151,864,230 $151,864,230 $151,864,230 $151,864,230$100 M Grants, Bal. 5% $46,864,230 $46,864,230 $46,864,230 $46,864,230 $46,864,230$140 M Grants, Bal. 5% $0 $0 $0 $0 $0211/16/2003 Donlin Creek Mine -70 MW Average Load, 20 Year Mine LifeYear 2010 2015 2020 2025 2030 3. ExpensesAnnual Debt Service5% $12,185,979 $12,185,979 $12,185,979 $12,185,979 $12,185,979$100 M Grants, Bal. 5% $3,760,507 $3,760,507 $3,760,507 $3,760,507 $3,760,507$140 M Grants, Bal. 5% $0 $0 $0 $0 $0$0 $0 $0 $0 $0#REF! #REF! #REF! #REF! #REF!O&M CostsAnnual Fuel RequirementsCoal Tons - - - - - #1 Fuel Oil GallonsBethelCCK 34,706,825.89 34,706,825.89 34,706,825.89 34,706,825.89 34,706,825.89 Mine - - - - - Coal $/Ton $45.80 $45.80 $45.80 $45.80 $45.80 #1 Fuel Oil $/GallonsBethel 1.25$ 1.25$ 1.25$ 1.25$ 1.25$ CCKMineAnnual Fuel CostsCoal $0 $0 $0 $0 $0 #1 Fuel OilBethelCCK $43,383,532 $43,383,532 $43,383,532 $43,383,532 $43,383,532Mine $0 $0 $0 $0 $0Annual Interest Fuel Supply Loan $1,183,927 $1,183,927 $1,183,927 $1,183,927 $1,183,927 O&M Tug + Barges $0 $0 $0 $0 $0 Purchased PwrDemand Charge $/KWEnergy Charge $/kwhCost of Purchased Pwr $0 $0 $0 $0 $0Total $44,567,459 $44,567,459 $44,567,459 $44,567,459 $44,567,459O&MCoal-PlantPersonnelEquipment/SuppliesCombustion TurbinePersonnel $1,600,000 $1,600,000 $1,600,000 $1,600,000 $1,600,000Equipment/Supplies $4,100,000 $4,100,000 $4,100,000 $4,100,000 $4,100,000Nuvista Administration $400,000 $400,000 $400,000 $400,000 $400,000 138 kV T-Line $14,000 $14,000 $14,000 $14,000 $14,000 +100KV DC Line $0 $0 $0 $0 $0311/16/2003 Donlin Creek Mine -70 MW Average Load, 20 Year Mine LifeYear 2010 2015 2020 2025 2030Waste Heat Sales Offset $0 $0 $0 $0 $0Total O&M $6,116,010 $6,116,015 $6,116,020 $6,116,025 $6,116,030PCE Payments $0 $0 $0 $0 $0Year 2010 2015 2020 2025 2030Power CostsCapital Cost $/kWh5% $0.020 $0.020 $0.020 $0.020 $0.020$100 M Grants, Bal. 5% $0.006 $0.006 $0.006 $0.006 $0.006$140 M Grants, Bal. 5% $0.000 $0.000 $0.000 $0.000 $0.000Fuel $/kWh $0.073 $0.073 $0.073 $0.073 $0.073 O&M $/kWh $0.010 $0.010 $0.010 $0.010 $0.010 Total $0.083 $0.083 $0.083 $0.083 $0.083 BreakEven Cost $/kWh5% $0.103 $0.103 $0.103 $0.103 $0.103 $100 M Grants, Bal. 5% $0.089 $0.089 $0.089 $0.089 $0.089 $140 M Grants, Bal. 5% $0.083 $0.083 $0.083 $0.083 $0.083 Wholesale Cost$/kWh5% 0.108 0.108 0.108 0.108 0.108$100 M Grants, Bal. 5% 0.094 0.094 0.094 0.094 0.094$140 M Grants, Bal. 5% 0.088 0.088 0.088 0.088 0.088Year 2010 2015 2020 2025 2030Annual WholeSale Cost of Power5% $65,935,448 $65,935,453 $65,935,458 $65,935,463 $65,935,468$100 M Grants, Bal. 5% $57,509,977 $57,509,982 $57,509,987 $57,509,992 $57,509,997$140 M Grants, Bal. 5% $53,749,469 $53,749,474 $53,749,479 $53,749,484 $53,749,489Accumulated WholeSale Cost of Power5% 65,935,448 395,612,694 725,289,965 1,054,967,261 1,384,644,582$100 M Grants, Bal. 5% 57,509,977 345,059,864 632,609,777 920,159,715 1,207,709,677$140 M Grants, Bal. 5% 53,749,469 322,496,822 591,244,199 859,991,602 1,128,739,029Annual Net Income 3,066,000 3,066,000 3,066,000 3,066,000 3,066,000Accumulated Net Income 3,066,000 18,396,000 36,792,000 55,188,000 73,584,000Mine 20 yearPower cost5% $1,318,708,964$100 M Grants, Bal. 5% $1,150,199,531$150 M Grants, Bal. 5% $1,074,989,390411/16/2003 TRANSMISSION LINES FROM RAILBELT Donlin Creek Mine - 60 MW Average Load, 20 Year Mine Life230 kV, AC, Transmission Line From Nenana to Crooked Ck + 138 KV T-Line to Cooked Ck to Bethel, with Demand ChargeBethel+8 villagesYear 2010 2015 2020 2025 2030 2035 2040 2045 2050 2055 20601. Power RequirementsKWs Peak DemandDonlin Gold Mine 70,000 70,000 70,000 70,000 70,000 - - - - - - Villages 2,281 2,630 2,980 3,123 3,266 3,350 3,433 3,433 3,433 3,433 3,433Bethel 9,580 10,995 12,410 13,407 14,403 14,403 14,403 14,403 14,403 14,403 14,403Line Loss 4,200 4,200 4,200 4,200 4,200 500.0 500.0 500.0 500.0 500.0 500.0In Plant Use00000000000Total KW 86,061.24 87,825.44 89,589.63 90,729.37 91,869.10 18,252.55 18,336.00 18,336.00 18,336.00 18,336.00 18,336.00 KWHsDonlin Gold Mine 525,600,000.00 525,600,000.00 525,600,000.00 525,600,000.00 525,600,000.00 - - - - - - Villages 10,295,423 11,782,606 13,269,790 14,645,290 16,020,790 16,020,790 16,020,790 16,020,790 16,020,790 16,020,790 16,020,790Bethel 54,546,206 62,605,493 70,664,781 76,337,072 82,009,364 82,009,364 82,009,364 82,009,364 82,009,364 82,009,364 82,009,364Total KWH Sales 590,441,628 599,988,100 609,534,571 616,582,362 623,630,154 98,030,154 98,030,154 98,030,154 98,030,154 98,030,154 98,030,154T-Line losses 36,792,000.00 36,792,000.00 36,792,000.00 36,792,000.00 36,792,000.00 4,380,000.00 4,380,000.00 4,380,000.00 4,380,000.00 4,380,000.00 4,380,000.00 In Plant Use - - - - - - - - - - - Total kWh Generated 627,233,628.49 636,780,099.85 646,326,571.20 653,374,362.43 660,422,153.66 102,410,153.66 102,410,153.66 102,410,153.66 102,410,153.66 102,410,153.66 102,410,153.66 Generation Capacity KWs CFB Coal Plant00000000000Combustion Turbine Bethel00000000000CCK 00000000000 Mine00000000000Bethel Utilities Plant00000000000Total Capacity in KWs00000000000Generation KWHsCoal Plant 00000000000Combustion Turbine Bethel 00000000000CCK 00000000000 Mine 00000000000Purchased Power 627,233,628 636,780,100 646,326,571 653,374,362 660,422,154 102,410,154 102,410,154 102,410,154 102,410,154 102,410,154 102,410,1542. Capital Cost(1)Plant CostsCoal Plant $/kW $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Combustion Turbine $/kW Bethel $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0CCK Mine Bethel Utilities Plant138 kV T-Line/Mile $680,900 $680,900 $680,900 $680,900 $680,900 $0 $0 $0 $0 $0 $0 +100kV DC T-Line/Mile $930,185 $930,185 $930,185 $930,185 $930,185Plant Costs $Coal Plant $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Combustion Turbine Bethel $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0CCK Mine $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Bethel Utilities PlantTotal $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0138 kV T-Line @ 192 miles $130,732,800 $130,732,800 $130,732,800 $130,732,800 $130,732,800Bethel Diesel Plant $500,000 $500,000 $500,000 $500,000 $500,000 $0 $0 $0 $0 $0 $0230 KV Substation $4,000,000 $4,000,000 $4,000,000 $4,000,000 $4,000,000 $0 $0 $0 $0 $0 $0138 kV Substations $2,000,000 $4,100,000 $4,100,000 $4,100,000 $4,100,000 $0 $0 $0 $0 $0 $0Village Sub.+ Dist. Lines $7,245,000 $7,245,000 $7,245,000 $7,245,000 $7,245,000 $0 $0 $0 $0 $0 $0 +230kV AC Line @ 370 miles $344,168,450 $344,168,450 $344,168,450 $344,168,450 $344,168,450 $0 $0 $0 $0 $0 $0111/15/2003 Donlin Creek Mine - 60 MW Average Load, 20 Year Mine LifeYear 2010 2015 2020 2025 2030 2035 2040 2045 2050 2055 2060Total $488,648,260 $490,746,250 $490,746,250 $490,746,250 $490,746,250 $0 $0 $0 $0 $0 $0Tug + 3 Barges $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Enviormental Studies $6,000,000 $6,000,000 $6,000,000 $6,000,000 $6,000,000 $0 $0 $0 $0 $0 $0Fuel Storage Gallons Bethel00000000000CCK 00000000000 Mine00000000000Fuel Storage Costs $/Gallon Bethel $1.37 $1.37 $1.37 $1.37 $1.37 $1.37 $1.37 $1.37 $1.37 $1.37 $1.37CCK MineFuel Storage Costs Bethel $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0CCK $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Mine $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Total Fuel Oil Storage $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Year 2010 2015 2020 2025 2030 2035 2040 2045 2050 2045 2050District Heating System $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0SubTotal Capital Costs $494,648,260 $496,746,250 $496,746,250 $496,746,250 $496,746,250 $0 $0 $0 $0 $0 $0Interest During Constuction5% $24,732,413 $24,837,313 $24,837,313 $24,837,313 $24,837,313 $0 $0 $0 $0 $0 $0$100 M Grants, Bal. 5% $19,732,413 $19,837,313 $19,837,313 $19,837,313 $19,837,313 $0 $0 $0 $0 $0 $0$150 M Grants, Bal. 5% $17,232,413 $17,337,313 $17,337,313 $17,337,313 $17,337,313 $0 $0 $0 $0 $0 $0$200 M Grants, Bal. 5% $14,732,413 $14,837,313 $14,837,313 $14,837,313 $14,837,313 $0 $0 $0 $0 $0 $0$250 M Grants, Bal. 5% $12,232,413 $12,337,313 $12,337,313 $12,337,313 $12,337,313 $0 $0 $0 $0 $0 $0Total Capital Cost5% $519,380,673 $521,583,563 $521,583,563 $521,583,563 $521,583,563 $0 $0 $0 $0 $0 $0$100 M Grants, Bal. 5% $414,380,673 $416,583,563 $416,583,563 $416,583,563 $416,583,563 $0 $0 $0 $0 $0 $0$150 M Grants, Bal. 5% $361,880,673 $364,083,563 $364,083,563 $364,083,563 $364,083,563 $0 $0 $0 $0 $0 $0$200 M Grants, Bal. 5% $309,380,673 $311,583,563 $311,583,563 $311,583,563 $311,583,563 $0 $0 $0 $0 $0 $0$250 M Grants, Bal. 5% $256,880,673 $259,083,563 $259,083,563 $259,083,563 $259,083,563 $0 $0 $0 $0 $0 $0 3. ExpensesAnnual Debt Service5% $41,676,449 $41,853,214 $41,853,214 $41,853,214 $41,853,214 $0 $0 $0 $0 $0 $0$100 M Grants, Bal. 5% $33,250,977 $33,427,743 $33,427,743 $33,427,743 $33,427,743 $0 $0 $0 $0 $0 $0$150 M Grants, Bal. 5% $29,038,241 $29,215,007 $29,215,007 $29,215,007 $29,215,007 $0 $0 $0 $0 $0 $0$200 M Grants, Bal. 5% $24,825,506 $25,002,271 $25,002,271 $25,002,271 $25,002,271 $0 $0 $0 $0 $0 $0$250 M Grants, Bal. 5% $20,612,770 $20,789,535 $20,789,535 $20,789,535 $20,789,535 $0 $0 $0 $0 $0 $0O&M CostsAnnual Fuel RequirementsCoal Tons - - - - - - - - - - - #1 Fuel Oil GallonsBethel - - - - - - - - - - - CCKMine - - - - - - - - - - - Coal $/Ton $45.80 $45.80 $45.80 $45.80 $45.80 $60.00 $60.00 $60.00 $60.00 $60.00 $60.00 #1 Fuel Oil $/GallonsBethel 1.20$ 1.20$ 1.20$ 1.20$ 1.20$ 1.20$ 1.20$ 1.20$ 1.20$ 1.20$ 1.20$ CCKMine211/15/2003 Donlin Creek Mine - 60 MW Average Load, 20 Year Mine LifeYear 2010 2015 2020 2025 2030 2035 2040 2045 2050 2055 2060Annual Fuel CostsCoal $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 #1 Fuel OilBethel $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0CCK $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Mine $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Annual Interest Fuel Supply Loan $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 O&M Tug + Barges $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Purchased PwrDemand Charge $/KW $11.250 $11.250 $11.250 $11.250 $11.250 $11.250 $11.250 $11.250 $11.250 $11.250 $11.250Energy Charge $/kwh $0.045 $0.045 $0.045 $0.045 $0.045 $0.045 $0.045 $0.045 $0.045 $0.045 $0.045Cost of Purchased Pwr $36,325,513 $36,755,104 $37,184,696 $37,501,846 $37,818,997 $6,633,457 $6,633,457 $6,633,457 $6,633,457 $6,633,457 $6,633,457Total $36,325,513 $36,755,104 $37,184,696 $37,501,846 $37,818,997 $6,633,457 $6,633,457 $6,633,457 $6,633,457 $6,633,457 $6,633,457O&MCoal-PlantPersonnel00000000000Equipment/Supplies00000000000Combustion Turbine $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0PersonnelEquipment/SuppliesNuvista Administration $400,000 $400,000 $400,000 $400,000 $400,000 $200,000 $200,000 $200,000 $200,000 $200,000 $200,000 138 kV T-Line $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 +230 KV AC Line $370,000 $370,000 $370,000 $370,000 $370,000 $370,000 $370,000 $370,000 $370,000 $370,000 $370,000Waste Heat Sales Offset $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Total O&M $962,000 $962,000 $962,000 $962,000 $962,000 $762,000 $762,000 $762,000 $762,000 $762,000 $762,000PCE Payments $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Year 2010 2015 2020 2025 2030 2035 2040 2045 2050 2045 2050Power CostsCapital Cost $/kWh5% $0.071 $0.070 $0.069 $0.068 $0.067 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000$100 M Grants, Bal. 5% $0.056 $0.056 $0.055 $0.054 $0.054 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000$150 M Grants, Bal. 5% $0.049 $0.049 $0.048 $0.047 $0.047 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000$200 M Grants, Bal. 5% $0.042 $0.042 $0.041 $0.041 $0.040 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000$250 M Grants, Bal. 5% $0.035 $0.035 $0.034 $0.034 $0.033 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000Purchased Power $0.062 $0.061 $0.061 $0.061 $0.061 $0.068 $0.068 $0.068 $0.068 $0.068 $0.068 O&M $/kWh $0.002 $0.002 $0.002 $0.002 $0.002 $0.008 $0.008 $0.008 $0.008 $0.008 $0.008 Total $0.063 $0.063 $0.063 $0.062 $0.062 $0.075 $0.075 $0.075 $0.075 $0.075 $0.075 BreakEven Cost $/kWh5% $0.134 $0.133 $0.131 $0.130 $0.129 $0.075 $0.075 $0.075 $0.075 $0.075 $0.075 $100 M Grants, Bal. 5% $0.119 $0.119 $0.117 $0.117 $0.116 $0.075 $0.075 $0.075 $0.075 $0.075 $0.075 $150 M Grants, Bal. 5% $0.112 $0.112 $0.111 $0.110 $0.109 $0.075 $0.075 $0.075 $0.075 $0.075 $0.075 $200 M Grants, Bal. 5% $0.105 $0.105 $0.104 $0.103 $0.102 $0.075 $0.075 $0.075 $0.075 $0.075 $0.075 $250 M Grants, Bal. 5% $0.098 $0.098 $0.097 $0.096 $0.096 $0.075 $0.075 $0.075 $0.075 $0.075 $0.075 Wholesale Cost$/kWh5% 0.139 0.138 0.136 0.135 0.134 0.080 0.080 0.080 0.080 0.080 0.080$100 M Grants, Bal. 5% 0.124 0.124 0.122 0.122 0.121 0.080 0.080 0.080 0.080 0.080 0.080$150 M Grants, Bal. 5% 0.117 0.117 0.116 0.115 0.114 0.080 0.080 0.080 0.080 0.080 0.080$200 M Grants, Bal. 5% 0.110 0.110 0.109 0.108 0.107 0.080 0.080 0.080 0.080 0.080 0.080$250 M Grants, Bal. 5% 0.103 0.103 0.102 0.101 0.101 0.080 0.080 0.080 0.080 0.080 0.080311/15/2003 Donlin Creek Mine - 60 MW Average Load, 20 Year Mine LifeYear 2010 2015 2020 2025 2030 2035 2040 2045 2050 2055 2060Annual WholeSale Cost of Power5% $81,916,170 $82,570,259 $83,047,583 $83,399,973 $83,752,362 $7,885,608 $7,885,608 $7,885,608 $7,885,608 $7,885,608 $7,885,608$100 M Grants, Bal. 5% $73,490,699 $74,144,788 $74,622,111 $74,974,501 $75,326,891 $7,885,608 $7,885,608 $7,885,608 $7,885,608 $7,885,608 $7,885,608$150 M Grants, Bal. 5% $69,277,963 $69,932,052 $70,409,376 $70,761,765 $71,114,155 $7,885,608 $7,885,608 $7,885,608 $7,885,608 $7,885,608$7,885,608$200 M Grants, Bal. 5% $65,065,227 $65,719,316 $66,196,640 $66,549,029 $66,901,419 $7,885,608 $7,885,608 $7,885,608 $7,885,608 $7,885,608$7,885,608$250 M Grants, Bal. 5% $60,852,491 $61,506,580 $61,983,904 $62,336,293 $62,688,683 $7,885,608 $7,885,608 $7,885,608 $7,885,608 $7,885,608$7,885,608Accumulated WholeSale Cost of Power5% 81,916,170 492,151,111 905,479,732 1,321,070,037 1,738,422,290 2,081,317,346 2,120,745,385 2,160,173,423 2,199,601,461 2,239,029,500 2,278,457,538$100 M Grants, Bal. 5% 73,490,699 441,598,281 812,799,544 1,186,262,491 1,561,487,385 1,870,680,555 1,910,108,593 1,949,536,632 1,988,964,670 2,028,392,708 2,067,820,747$150 M Grants, Bal. 5% 69,277,963 416,321,866 766,459,450 1,118,858,717 1,473,019,933 1,765,362,159 1,804,790,197 1,844,218,236 1,883,646,274 1,923,074,313 1,962,502,351$200 M Grants, Bal. 5% 65,065,227 391,045,451 720,119,356 1,051,454,944 1,384,552,480 1,660,043,763 1,699,471,802 1,738,899,840 1,778,327,879 1,817,755,917 1,857,183,955$250 M Grants, Bal. 5% 60,852,491 365,769,036 673,779,262 984,051,171 1,296,085,028 1,554,725,368 1,594,153,406 1,633,581,444 1,673,009,483 1,712,437,521 1,751,865,560Annual Net Income 2,952,208 2,999,940 3,047,673 3,082,912 3,118,151 490,151 490,151 490,151 490,151 490,151 490,151Accumulated Net Income 2,952,208 17,760,981 35,808,357 54,129,633 72,662,342 88,743,247 91,684,152 94,625,056 97,565,961 100,506,866 103,447,770Mine 20 yearPower cost5% $1,458,404,593$100 M Grants, Bal. 5% $1,308,400,674$150 M Grants, Bal. 5% $1,233,398,715$200 M Grants, Bal. 5% $1,158,396,756$250 M Grants, Bal. 5% $1,083,394,796411/15/2003 Donlin Creek Mine - 60 MW Average Load, 20 Year Mine Life230 kV, AC, Transmission Line From Nenana to Crooked Ck + 138 KV T-Line to Cooked Ck to Bethel, No Demand ChargeBethel+8 villagesYear 2010 2015 2020 2025 2030 2035 2040 2045 2050 2055 20601. Power RequirementsKWs Peak DemandDonlin Gold Mine 70,000 70,000 70,000 70,000 70,000 - - - - - - Villages 2,281 2,630 2,980 3,123 3,266 3,350 3,433 3,433 3,433 3,433 3,433Bethel 9,580 10,995 12,410 13,407 14,403 14,403 14,403 14,403 14,403 14,403 14,403Line Loss 4,200 4,200 4,200 4,200 4,200 500.0 500.0 500.0 500.0 500.0 500.0In Plant Use 0 0 0 00000000Total KW 86,061.24 87,825.44 89,589.63 90,729.37 91,869.10 18,252.55 18,336.00 18,336.00 18,336.00 18,336.00 18,336.00 KWHsDonlin Gold Mine 525,600,000.00 525,600,000.00 525,600,000.00 525,600,000.00 525,600,000.00 - - - - - - Villages 10,295,423 11,782,606 13,269,790 14,645,290 16,020,790 16,020,790 16,020,790 16,020,790 16,020,790 16,020,790 16,020,790Bethel 54,546,206 62,605,493 70,664,781 76,337,072 82,009,364 82,009,364 82,009,364 82,009,364 82,009,364 82,009,364 82,009,364Total KWH Sales 590,441,628 599,988,100 609,534,571 616,582,362 623,630,154 98,030,154 98,030,154 98,030,154 98,030,154 98,030,154 98,030,154T-Line losses 36,792,000.00 36,792,000.00 36,792,000.00 36,792,000.00 36,792,000.00 4,380,000.00 4,380,000.00 4,380,000.00 4,380,000.00 4,380,000.00 4,380,000.00 In Plant Use - - - - - - - - - - - Total kWh Generated 627,233,628.49 636,780,099.85 646,326,571.20 653,374,362.43 660,422,153.66 102,410,153.66 102,410,153.66 102,410,153.66 102,410,153.66 102,410,153.66 102,410,153.66 Generation Capacity KWs CFB Coal Plant 0 0 0 00000000Combustion Turbine Bethel 0 0 0 00000000CCK 0 0 0 0 0000000 Mine 0 0 0 00000000Bethel Utilities Plant 0 0 0 00000000Total Capacity in KWs 0 0 0 00000000Generation KWHsCoal Plant 0 0 0 00000000Combustion Turbine Bethel 0 0 0 00000000CCK 0 0 0 0 0000000 Mine 0 0 0 00000000Purchased Power 627,233,628 636,780,100 646,326,571 653,374,362 660,422,154 102,410,154 102,410,154 102,410,154 102,410,154 102,410,154 102,410,1542. Capital Cost(1)Plant CostsCoal Plant $/kW $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Combustion Turbine $/kW Bethel $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0CCK Mine Bethel Utilities Plant138 kV T-Line/Mile $680,900 $680,900 $680,900 $680,900 $680,900 $0 $0 $0 $0 $0 $0230 AC T-Line/Mile $930,185 $930,185 $930,185 $930,185 $930,185Plant Costs $Coal Plant $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Combustion Turbine Bethel $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0CCK Mine $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Bethel Utilities PlantTotal $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0138 kV T-Line @ 192 miles $130,732,800 $130,732,800 $130,732,800 $130,732,800 $130,732,800Bethel Diesel Plant $500,000 $500,000 $500,000 $500,000 $500,000 $0 $0 $0 $0 $0 $0230 KV Substation $4,000,000 $4,000,000 $4,000,000 $4,000,000 $4,000,000 $0 $0 $0 $0 $0 $0138 kV Substations $2,000,000 $4,100,000 $4,100,000 $4,100,000 $4,100,000 $0 $0 $0 $0 $0 $0Village Sub.+ Dist. Lines $7,245,000 $7,245,000 $7,245,000 $7,245,000 $7,245,000 $0 $0 $0 $0 $0 $0 230 kV AC Line @ 370 miles $344,168,450 $344,168,450 $344,168,450 $344,168,450 $344,168,450 $0 $0 $0 $0 $0 $0111/15/2003 Donlin Creek Mine - 60 MW Average Load, 20 Year Mine LifeTotal $488,646,250 $490,746,250 $490,746,250 $490,746,250 $490,746,250 $0 $0 $0 $0 $0 $0Tug + 3 Barges $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Enviormental Studies $6,000,000 $6,000,000 $6,000,000 $6,000,000 $6,000,000 $0 $0 $0 $0 $0 $0Fuel Storage Gallons Bethel 0 0 0 00000000CCK 0 0 0 0 0000000 Mine 0 0 0 00000000Fuel Storage Costs $/Gallon Bethel $1.37 $1.37 $1.37 $1.37 $1.37 $1.37 $1.37 $1.37 $1.37 $1.37 $1.37CCK MineFuel Storage Costs Bethel $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0CCK $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Mine $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Total Fuel Oil Storage $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Year 2010 2015 2020 2025 2030 2035 2040 2045 2050 2045 2050District Heating System $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0SubTotal Capital Costs $494,646,250 $496,746,250 $496,746,250 $496,746,250 $496,746,250 $0 $0 $0 $0 $0 $0Interest During Constuction5% $24,732,313 $24,837,313 $24,837,313 $24,837,313 $24,837,313 $0 $0 $0 $0 $0 $0$100 M Grants, Bal. 5% $19,732,313 $19,837,313 $19,837,313 $19,837,313 $19,837,313 $0 $0 $0 $0 $0 $0$150 M Grants, Bal. 5% $17,232,313 $17,337,313 $17,337,313 $17,337,313 $17,337,313 $0 $0 $0 $0 $0 $0$200 M Grants, Bal. 5% $14,732,313 $14,837,313 $14,837,313 $14,837,313 $14,837,313 $0 $0 $0 $0 $0 $0$250 M Grants, Bal. 5% $12,232,313 $12,337,313 $12,337,313 $12,337,313 $12,337,313 $0 $0 $0 $0 $0 $0Total Capital Cost5% $519,378,563 $521,583,563 $521,583,563 $521,583,563 $521,583,563 $0 $0 $0 $0 $0 $0$100 M Grants, Bal. 5% $414,378,563 $416,583,563 $416,583,563 $416,583,563 $416,583,563 $0 $0 $0 $0 $0 $0$150 M Grants, Bal. 5% $361,878,563 $364,083,563 $364,083,563 $364,083,563 $364,083,563 $0 $0 $0 $0 $0 $0$200 M Grants, Bal. 5% $309,378,563 $311,583,563 $311,583,563 $311,583,563 $311,583,563 $0 $0 $0 $0 $0 $0$250 M Grants, Bal. 5% $256,878,563 $259,083,563 $259,083,563 $259,083,563 $259,083,563 $0 $0 $0 $0 $0 $0 3. ExpensesAnnual Debt Service5% $41,676,280 $41,853,214 $41,853,214 $41,853,214 $41,853,214 $0 $0 $0 $0 $0 $0$100 M Grants, Bal. 5% $33,250,808 $33,427,743 $33,427,743 $33,427,743 $33,427,743 $0 $0 $0 $0 $0 $0$150 M Grants, Bal. 5% $29,038,072 $29,215,007 $29,215,007 $29,215,007 $29,215,007 $0 $0 $0 $0 $0 $0$200 M Grants, Bal. 5% $24,825,336 $25,002,271 $25,002,271 $25,002,271 $25,002,271 $0 $0 $0 $0 $0 $0$250 M Grants, Bal. 5% $20,612,600 $20,789,535 $20,789,535 $20,789,535 $20,789,535 $0 $0 $0 $0 $0 $0O&M CostsAnnual Fuel RequirementsCoal Tons - - - - - - - - - - - #1 Fuel Oil GallonsBethel - - - - - - - - - - - CCKMine - - - - - - - - - - - Coal $/Ton $45.80 $45.80 $45.80 $45.80 $45.80 $60.00 $60.00 $60.00 $60.00 $60.00 $60.00 #1 Fuel Oil $/GallonsBethel 1.20$ 1.20$ 1.20$ 1.20$ 1.20$ 1.20$ 1.20$ 1.20$ 1.20$ 1.20$ 1.20$ CCKMine211/15/2003 Donlin Creek Mine - 60 MW Average Load, 20 Year Mine LifeYear 2010 2015 2020 2025 2030 2035 2040 2045 2050 2055 2060Annual Fuel CostsCoal $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 #1 Fuel OilBethel $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0CCK $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Mine $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Annual Interest Fuel Supply Loan $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 O&M Tug + Barges $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Purchased PwrDemand Charge $/KW $0.000 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000Energy Charge $/kwh $0.045 $0.045 $0.045 $0.045 $0.045 $0.045 $0.045 $0.045 $0.045 $0.045 $0.045Cost of Purchased Pwr $28,225,513 $28,655,104 $29,084,696 $29,401,846 $29,718,997 $4,608,457 $4,608,457 $4,608,457 $4,608,457 $4,608,457 $4,608,457Total $28,225,513 $28,655,104 $29,084,696 $29,401,846 $29,718,997 $4,608,457 $4,608,457 $4,608,457 $4,608,457 $4,608,457 $4,608,457O&MCoal-PlantPersonnel 0 0 0 00000000Equipment/Supplies 0 0 0 00000000Combustion Turbine $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0PersonnelEquipment/SuppliesNuvista Administration $400,000 $400,000 $400,000 $400,000 $400,000 $200,000 $200,000 $200,000 $200,000 $200,000 $200,000 138 kV T-Line $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 +230 KV AC Line $370,000 $370,000 $370,000 $370,000 $370,000 $370,000 $370,000 $370,000 $370,000 $370,000 $370,000Waste Heat Sales Offset $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Total O&M $962,000 $962,000 $962,000 $962,000 $962,000 $762,000 $762,000 $762,000 $762,000 $762,000 $762,000PCE Payments $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Year 2010 2015 2020 2025 2030 2035 2040 2045 2050 2045 2050Power CostsCapital Cost $/kWh5% $0.071 $0.070 $0.069 $0.068 $0.067 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000$100 M Grants, Bal. 5% $0.056 $0.056 $0.055 $0.054 $0.054 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000$150 M Grants, Bal. 5% $0.049 $0.049 $0.048 $0.047 $0.047 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000$200 M Grants, Bal. 5% $0.042 $0.042 $0.041 $0.041 $0.040 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000$250 M Grants, Bal. 5% $0.035 $0.035 $0.034 $0.034 $0.033 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000Purchased Power $0.048 $0.048 $0.048 $0.048 $0.048 $0.047 $0.047 $0.047 $0.047 $0.047 $0.047 O&M $/kWh $0.002 $0.002 $0.002 $0.002 $0.002 $0.008 $0.008 $0.008 $0.008 $0.008 $0.008 Total $0.049 $0.049 $0.049 $0.049 $0.049 $0.055 $0.055 $0.055 $0.055 $0.055 $0.055 BreakEven Cost $/kWh5% $0.120 $0.119 $0.118 $0.117 $0.116 $0.055 $0.055 $0.055 $0.055 $0.055 $0.055 $100 M Grants, Bal. 5% $0.106 $0.105 $0.104 $0.103 $0.103 $0.055 $0.055 $0.055 $0.055 $0.055 $0.055 $150 M Grants, Bal. 5% $0.099 $0.098 $0.097 $0.097 $0.096 $0.055 $0.055 $0.055 $0.055 $0.055 $0.055 $200 M Grants, Bal. 5% $0.091 $0.091 $0.090 $0.090 $0.089 $0.055 $0.055 $0.055 $0.055 $0.055 $0.055 $250 M Grants, Bal. 5% $0.084 $0.084 $0.083 $0.083 $0.083 $0.055 $0.055 $0.055 $0.055 $0.055 $0.055 Wholesale Cost$/kWh5% 0.125 0.124 0.123 0.122 0.121 0.060 0.060 0.060 0.060 0.060 0.060$100 M Grants, Bal. 5% 0.111 0.110 0.109 0.108 0.108 0.060 0.060 0.060 0.060 0.060 0.060$150 M Grants, Bal. 5% 0.104 0.103 0.102 0.102 0.101 0.060 0.060 0.060 0.060 0.060 0.060$200 M Grants, Bal. 5% 0.096 0.096 0.095 0.095 0.094 0.060 0.060 0.060 0.060 0.060 0.060$250 M Grants, Bal. 5% 0.089 0.089 0.088 0.088 0.088 0.060 0.060 0.060 0.060 0.060 0.060311/15/2003 Donlin Creek Mine - 60 MW Average Load, 20 Year Mine LifeYear 2010 2015 2020 2025 2030 2035 2040 2045 2050 2055 2060Annual WholeSale Cost of Power5% $73,816,001 $74,470,259 $74,947,583 $75,299,973 $75,652,362 $5,860,608 $5,860,608 $5,860,608 $5,860,608 $5,860,608 $5,860,608$100 M Grants, Bal. 5% $65,390,529 $66,044,788 $66,522,111 $66,874,501 $67,226,891 $5,860,608 $5,860,608 $5,860,608 $5,860,608 $5,860,608 $5,860,608$150 M Grants, Bal. 5% $61,177,794 $61,832,052 $62,309,376 $62,661,765 $63,014,155 $5,860,608 $5,860,608 $5,860,608 $5,860,608 $5,860,608$5,860,608$200 M Grants, Bal. 5% $56,965,058 $57,619,316 $58,096,640 $58,449,029 $58,801,419 $5,860,608 $5,860,608 $5,860,608 $5,860,608 $5,860,608$5,860,608$250 M Grants, Bal. 5% $52,752,322 $53,406,580 $53,883,904 $54,236,293 $54,588,683 $5,860,608 $5,860,608 $5,860,608 $5,860,608 $5,860,608$5,860,608Accumulated WholeSale Cost of Power5% 73,816,001 443,550,265 816,378,886 1,191,469,190 1,568,321,443 1,876,791,499 1,906,094,538 1,935,397,576 1,964,700,615 1,994,003,653 2,023,306,691$100 M Grants, Bal. 5% 65,390,529 392,997,435 723,698,697 1,056,661,644 1,391,386,538 1,666,154,708 1,695,457,746 1,724,760,785 1,754,063,823 1,783,366,862 1,812,669,900$150 M Grants, Bal. 5% 61,177,794 367,721,020 677,358,603 989,257,871 1,302,919,086 1,560,836,312 1,590,139,351 1,619,442,389 1,648,745,428 1,678,048,466 1,707,351,504$200 M Grants, Bal. 5% 56,965,058 342,444,605 631,018,509 921,854,097 1,214,451,633 1,455,517,917 1,484,820,955 1,514,123,993 1,543,427,032 1,572,730,070 1,602,033,109$250 M Grants, Bal. 5% 52,752,322 317,168,190 584,678,415 854,450,324 1,125,984,181 1,350,199,521 1,379,502,559 1,408,805,598 1,438,108,636 1,467,411,675 1,496,714,713Annual Net Income 2,952,208 2,999,940 3,047,673 3,082,912 3,118,151 490,151 490,151 490,151 490,151 490,151 490,151Accumulated Net Income 2,952,208 17,760,981 35,808,357 54,129,633 72,662,342 88,743,247 91,684,152 94,625,056 97,565,961 100,506,866 103,447,770Mine 20 yearPower cost5% $1,314,192,234$100 M Grants, Bal. 5% $1,164,188,315$150 M Grants, Bal. 5% $1,089,186,356$200 M Grants, Bal. 5% $1,014,184,396$250 M Grants, Bal. 5% $939,182,437411/15/2003 Donlin Creek Mine - 60 MW Average Load, 20 Year Mine Life +100 kV, DC, Transmission Line From Nenana to Crooked Ck + 138 KV T-Line to Cooked Ck to Bethel, with Demand ChargeBethel+8 villagesYear 2010 2015 2020 2025 2030 2035 2040 2045 2050 2055 20601. Power RequirementsKWs Peak DemandDonlin Gold Mine 70,000 70,000 70,000 70,000 70,000 - - - - - - Villages 2,281 2,630 2,980 3,123 3,266 3,350 3,433 3,433 3,433 3,433 3,433Bethel 9,580 10,995 12,410 13,407 14,403 14,403 14,403 14,403 14,403 14,403 14,403Line Loss 6,900 6,900 6,900 6,900 6,900 500.0 500.0 500.0 500.0 500.0 500.0In Plant Use 0 0 0 00000000Total KW 88,761.24 90,525.44 92,289.63 93,429.37 94,569.10 18,252.55 18,336.00 18,336.00 18,336.00 18,336.00 18,336.00 KWHsDonlin Gold Mine 525,600,000.00 525,600,000.00 525,600,000.00 525,600,000.00 525,600,000.00 - - - - - - Villages 10,295,423 11,782,606 13,269,790 14,645,290 16,020,790 16,020,790 16,020,790 16,020,790 16,020,790 16,020,790 16,020,790Bethel 54,546,206 62,605,493 70,664,781 76,337,072 82,009,364 82,009,364 82,009,364 82,009,364 82,009,364 82,009,364 82,009,364Total KWH Sales 590,441,628 599,988,100 609,534,571 616,582,362 623,630,154 98,030,154 98,030,154 98,030,154 98,030,154 98,030,154 98,030,154T-Line losses 60,444,000 60,444,000 60,444,000 60,444,000 60,444,000 4,380,000 4,380,000 4,380,000 4,380,000 4,380,000 4,380,000 In Plant Use - - - - - - - - - - - Total kWh Generated 650,885,628 660,432,100 669,978,571 677,026,362 684,074,154 102,410,154 102,410,154 102,410,154 102,410,154 102,410,154 102,410,154 Generation Capacity KWs CFB Coal Plant 0 0 0 00000000Combustion Turbine Bethel 0 0 0 00000000CCK 0 0 0 0 0000000 Mine 0 0 0 00000000Bethel Utilities Plant 0 0 0 00000000Total Capacity in KWs 0 0 0 00000000Generation KWHsCoal Plant 0 0 0 00000000Combustion Turbine Bethel 0 0 0 00000000CCK 0 0 0 0 0000000 Mine 0 0 0 00000000Purchased Power 650,885,628 660,432,100 669,978,571 677,026,362 684,074,154 102,410,154 102,410,154 102,410,154 102,410,154 102,410,154 102,410,1542. Capital Cost(1)Plant CostsCoal Plant $/kW $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Combustion Turbine $/kW Bethel $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0CCK Mine Bethel Utilities Plant138 kV T-Line/Mile $680,900 $680,900 $680,900 $680,900 $680,900 $0 $0 $0 $0 $0 $0230 AC T-Line/Mile $733,700 $733,700 $733,700 $733,700 $733,700Plant Costs $Coal Plant $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Combustion Turbine Bethel $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0CCK Mine $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Bethel Utilities PlantTotal $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0111/15/2003 Donlin Creek Mine - 60 MW Average Load, 20 Year Mine LifeYear 2010 2015 2020 2025 2030 2035 2040 2045 2050 2055 2060138 kV T-Line @ 192 miles $130,732,800 $130,732,800 $130,732,800 $130,732,800 $130,732,800Bethel Diesel Plant $500,000 $500,000 $500,000 $500,000 $500,000 $0 $0 $0 $0 $0 $0230 KV Substation $4,000,000 $4,000,000 $4,000,000 $4,000,000 $4,000,000 $0 $0 $0 $0 $0 $0138 kV Substations $2,000,000 $4,100,000 $4,100,000 $4,100,000 $4,100,000 $0 $0 $0 $0 $0 $0Village Sub.+ Dist. Lines $7,245,000 $7,245,000 $7,245,000 $7,245,000 $7,245,000 $0 $0 $0 $0 $0 $0 + 100 kV DC Line @ 370 miles $271,469,000 $271,469,000 $271,469,000 $271,469,000 $271,469,000 $0 $0 $0 $0 $0 $0AC-DC Conversion Equip. $100,000,000 $100,000,000 $100,000,000 $100,000,000 $100,000,000Total $515,946,800 $418,046,800 $418,046,800 $418,046,800 $418,046,800 $0 $0 $0 $0 $0 $0Tug + 3 Barges $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Enviormental Studies $6,000,000 $6,000,000 $6,000,000 $6,000,000 $6,000,000 $0 $0 $0 $0 $0 $0Fuel Storage Gallons Bethel 0 0 0 00000000CCK 0 0 0 0 0000000 Mine 0 0 0 00000000Fuel Storage Costs $/Gallon Bethel $1.37 $1.37 $1.37 $1.37 $1.37 $1.37 $1.37 $1.37 $1.37 $1.37 $1.37CCK MineFuel Storage Costs Bethel $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0CCK $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Mine $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Total Fuel Oil Storage $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0District Heating System $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0SubTotal Capital Costs $521,946,800 $424,046,800 $424,046,800 $424,046,800 $424,046,800 $0 $0 $0 $0 $0 $0Interest During Constuction5% $26,097,340 $21,202,340 $21,202,340 $21,202,340 $21,202,340 $0 $0 $0 $0 $0 $0$100 M Grants, Bal. 5% $21,097,340 $16,202,340 $16,202,340 $16,202,340 $16,202,340 $0 $0 $0 $0 $0 $0$150 M Grants, Bal. 5% $18,597,340 $13,702,340 $13,702,340 $13,702,340 $13,702,340 $0 $0 $0 $0 $0 $0$200 M Grants, Bal. 5% $16,097,340 $11,202,340 $11,202,340 $11,202,340 $11,202,340 $0 $0 $0 $0 $0 $0$250 M Grants, Bal. 5% $13,597,340 $8,702,340 $8,702,340 $8,702,340 $8,702,340 $0 $0 $0 $0 $0 $0Total Capital Cost5% $548,044,140 $445,249,140 $445,249,140 $445,249,140 $445,249,140 $0 $0 $0 $0 $0 $0$100 M Grants, Bal. 5% $443,044,140 $340,249,140 $340,249,140 $340,249,140 $340,249,140 $0 $0 $0 $0 $0 $0$150 M Grants, Bal. 5% $390,544,140 $287,749,140 $287,749,140 $287,749,140 $287,749,140 $0 $0 $0 $0 $0 $0$200 M Grants, Bal. 5% $338,044,140 $235,249,140 $235,249,140 $235,249,140 $235,249,140 $0 $0 $0 $0 $0 $0$250 M Grants, Bal. 5% $285,544,140 $182,749,140 $182,749,140 $182,749,140 $182,749,140 $0 $0 $0 $0 $0 $0 3. ExpensesAnnual Debt Service5% $43,976,480 $35,727,943 $35,727,943 $35,727,943 $35,727,943 $0 $0 $0 $0 $0 $0$100 M Grants, Bal. 5% $35,551,008 $27,302,471 $27,302,471 $27,302,471 $27,302,471 $0 $0 $0 $0 $0 $0$150 M Grants, Bal. 5% $31,338,272 $23,089,735 $23,089,735 $23,089,735 $23,089,735 $0 $0 $0 $0 $0 $0$200 M Grants, Bal. 5% $27,125,536 $18,877,000 $18,877,000 $18,877,000 $18,877,000 $0 $0 $0 $0 $0 $0$250 M Grants, Bal. 5% $22,912,801 $14,664,264 $14,664,264 $14,664,264 $14,664,264 $0 $0 $0 $0 $0 $0O&M CostsAnnual Fuel RequirementsCoal Tons - - - - - - - - - - - #1 Fuel Oil GallonsBethel - - - - - - - - - - - CCKMine - - - - - - - - - - - Coal $/Ton $45.80 $45.80 $45.80 $45.80 $45.80 $60.00 $60.00 $60.00 $60.00 $60.00 $60.00 #1 Fuel Oil $/GallonsBethel 1.20$ 1.20$ 1.20$ 1.20$ 1.20$ 1.20$ 1.20$ 1.20$ 1.20$ 1.20$ 1.20$ CCKMine211/15/2003 Donlin Creek Mine - 60 MW Average Load, 20 Year Mine LifeYear 2010 2015 2020 2025 2030 2035 2040 2045 2050 2055 2060Annual Fuel CostsCoal $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 #1 Fuel OilBethel $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0CCK $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Mine $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Annual Interest Fuel Supply Loan $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 O&M Tug + Barges $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Purchased PwrDemand Charge $/KW $11.250 $11.250 $11.250 $11.250 $11.250 $11.250 $11.250 $11.250 $11.250 $11.250 $11.250Energy Charge $/kwh $0.045 $0.045 $0.045 $0.045 $0.045 $0.045 $0.045 $0.045 $0.045 $0.045 $0.045Cost of Purchased Pwr $37,389,853 $37,819,444 $38,249,036 $38,566,186 $38,883,337 $6,633,457 $6,633,457 $6,633,457 $6,633,457 $6,633,457 $6,633,457Total $37,389,853 $37,819,444 $38,249,036 $38,566,186 $38,883,337 $6,633,457 $6,633,457 $6,633,457 $6,633,457 $6,633,457 $6,633,457O&MCoal-PlantPersonnel 0 0 0 00000000Equipment/Supplies 0 0 0 00000000Combustion Turbine $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0PersonnelEquipment/SuppliesNuvista Administration $400,000 $400,000 $400,000 $400,000 $400,000 $200,000 $200,000 $200,000 $200,000 $200,000 $200,000 138 kV T-Line $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 $192,000 +230 KV AC Line $370,000 $370,000 $370,000 $370,000 $370,000 $370,000 $370,000 $370,000 $370,000 $370,000 $370,000Waste Heat Sales Offset $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Total O&M $962,000 $962,000 $962,000 $962,000 $962,000 $762,000 $762,000 $762,000 $762,000 $762,000 $762,000PCE Payments $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Year 2010 2015 2020 2025 2030 2035 2040 2045 2050 2045 2050Power CostsCapital Cost $/kWh5% $0.074 $0.060 $0.059 $0.058 $0.057 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000$100 M Grants, Bal. 5% $0.060 $0.046 $0.045 $0.044 $0.044 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000$150 M Grants, Bal. 5% $0.053 $0.038 $0.038 $0.037 $0.037 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000$200 M Grants, Bal. 5% $0.046 $0.031 $0.031 $0.031 $0.030 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000$250 M Grants, Bal. 5% $0.039 $0.024 $0.024 $0.024 $0.024 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000Purchased Power $0.063 $0.063 $0.063 $0.063 $0.062 $0.068 $0.068 $0.068 $0.068 $0.068 $0.068 O&M $/kWh $0.002 $0.002 $0.002 $0.002 $0.002 $0.008 $0.008 $0.008 $0.008 $0.008 $0.008 Total $0.065 $0.065 $0.064 $0.064 $0.064 $0.075 $0.075 $0.075 $0.075 $0.075 $0.075 BreakEven Cost $/kWh5% $0.139 $0.124 $0.123 $0.122 $0.121 $0.075 $0.075 $0.075 $0.075 $0.075 $0.075 $100 M Grants, Bal. 5% $0.125 $0.110 $0.109 $0.108 $0.108 $0.075 $0.075 $0.075 $0.075 $0.075 $0.075 $150 M Grants, Bal. 5% $0.118 $0.103 $0.102 $0.102 $0.101 $0.075 $0.075 $0.075 $0.075 $0.075 $0.075 $200 M Grants, Bal. 5% $0.111 $0.096 $0.095 $0.095 $0.094 $0.075 $0.075 $0.075 $0.075 $0.075 $0.075 $250 M Grants, Bal. 5% $0.104 $0.089 $0.088 $0.088 $0.087 $0.075 $0.075 $0.075 $0.075 $0.075 $0.075 Wholesale Cost$/kWh5% 0.144 0.129 0.128 0.127 0.126 0.080 0.080 0.080 0.080 0.080 0.080$100 M Grants, Bal. 5% 0.130 0.115 0.114 0.113 0.113 0.080 0.080 0.080 0.080 0.080 0.080$150 M Grants, Bal. 5% 0.123 0.108 0.107 0.107 0.106 0.080 0.080 0.080 0.080 0.080 0.080$200 M Grants, Bal. 5% 0.116 0.101 0.100 0.100 0.099 0.080 0.080 0.080 0.080 0.080 0.080$250 M Grants, Bal. 5% 0.109 0.094 0.093 0.093 0.092 0.080 0.080 0.080 0.080 0.080 0.080311/15/2003 Donlin Creek Mine - 60 MW Average Load, 20 Year Mine LifeYear 2010 2015 2020 2025 2030 2035 2040 2045 2050 2055 2060Annual WholeSale Cost of Power5% $85,280,541 $77,509,328 $77,986,651 $78,339,041 $78,691,431 $7,885,608 $7,885,608 $7,885,608 $7,885,608 $7,885,608 $7,885,608$100 M Grants, Bal. 5% $76,855,069 $69,083,856 $69,561,180 $69,913,569 $70,265,959 $7,885,608 $7,885,608 $7,885,608 $7,885,608 $7,885,608 $7,885,608$150 M Grants, Bal. 5% $72,642,334 $64,871,120 $65,348,444 $65,700,834 $66,053,223 $7,885,608 $7,885,608 $7,885,608 $7,885,608 $7,885,608$7,885,608$200 M Grants, Bal. 5% $68,429,598 $60,658,385 $61,135,708 $61,488,098 $61,840,487 $7,885,608 $7,885,608 $7,885,608 $7,885,608 $7,885,608$7,885,608$250 M Grants, Bal. 5% $64,216,862 $56,445,649 $56,922,972 $57,275,362 $57,627,751 $7,885,608 $7,885,608 $7,885,608 $7,885,608 $7,885,608$7,885,608Accumulated WholeSale Cost of Power5% 85,280,541 503,912,033 891,935,997 1,282,221,644 1,674,269,239 1,996,920,569 2,036,348,607 2,075,776,646 2,115,204,684 2,154,632,722 2,194,060,761$100 M Grants, Bal. 5% 76,855,069 453,359,204 799,255,809 1,147,414,097 1,497,334,334 1,786,283,777 1,825,711,816 1,865,139,854 1,904,567,893 1,943,995,931 1,983,423,969$150 M Grants, Bal. 5% 72,642,334 428,082,789 752,915,714 1,080,010,324 1,408,866,881 1,680,965,382 1,720,393,420 1,759,821,459 1,799,249,497 1,838,677,535 1,878,105,574$200 M Grants, Bal. 5% 68,429,598 402,806,374 706,575,620 1,012,606,551 1,320,399,429 1,575,646,986 1,615,075,024 1,654,503,063 1,693,931,101 1,733,359,140 1,772,787,178$250 M Grants, Bal. 5% 64,216,862 377,529,959 660,235,526 945,202,778 1,231,931,977 1,470,328,590 1,509,756,629 1,549,184,667 1,588,612,706 1,628,040,744 1,667,468,782Annual Net Income 2,952,208 2,999,940 3,047,673 3,082,912 3,118,151 490,151 490,151 490,151 490,151 490,151 490,151Accumulated Net Income 2,952,208 17,760,981 35,808,357 54,129,633 72,662,342 88,743,247 91,684,152 94,625,056 97,565,961 100,506,866 103,447,770Mine 20 yearPower cost5% $1,518,302,581$100 M Grants, Bal. 5% $1,368,298,662$150 M Grants, Bal. 5% $1,293,296,702$200 M Grants, Bal. 5% $1,218,294,743$250 M Grants, Bal. 5% $1,143,292,784411/15/2003 APPENDIX H 1. Loss of Load Expectation Calculation 2. Coal Cost Projections 3. Coal Plant Efficiencies and Reliability Information 4. EMF Information 5. Permafrost Information 6. Bethel River Bank Erosion Sketch 1. Loss of Load Expectation Calculation Coal-Fired Plant Loss of Load Expectation Calculations For each Steam Generator process line assume FOR of 5% For combustion turbine assume FOR of 1% For Existing Bethel Diesel Plant FOR 2% 2x48.6 MW Coal Units+46 MW CT Unit 2x40 MW Coal Units+46 MW CT Unit + 10 MW Bethel Diesel Plant Probability Table for Coal Units Probability Table for Coal Units Cap. In Cap. Out Probability Cap. In Cap. Out Probability 110 0 0.9025 110 0 0.9025 55 55 0.095 55 55 0.095 0 100 0.0025 0 100 0.0025 Add in 46 MW CT in Service Add in 46 MW CT in Service Cap. Out Probability Cap. Out Probability 0 0.893475 0 0.893475 55 0.09405 45 0.09405 110 0.002475 90 0.002475 46 MW CT out of Service 46 MW CT out of Service Cap. Out Probability Cap. Out Probability 46 0.009025 46 0.009025 101 0.00095 91 0.00095 156 0.000025 136 0.000025 Combined Probability Table Combined Probability Table Cap. Out Cap. In Probability Loss of Load Cap. Out Cap. In Probability Loss of Load hours/yr hours/yr 0 156 0.893475 0 136 0.893475 55 101 0.09405 45 91 0.09405 46 110 0.009025 79.059 46 90 0.009025 0 101 55 0.00095 8.322 8.322 90 46 0.002475 21.681 110 46 0.002475 21.681 21.681 91 45 0.00095 8.322 156 0 0.000025 0.219 0.219 136 0 0.000025 0.219 Cumulative Total 1 38.544 109.281 1 30.222 Add in 10 MW Diesel Plant in Service Cap. Out 0 0.8756055 45 0.092169 46 0.0088445 90 0.0024255 91 0.000931 136 0.0000245 Add in 10 MW Diesel Plant iOut of Service Cap Out. 10 0.0178695 55 0.001881 56 0.0001805 100 0.0000495 101 0.000019 146 0.0000005 Cumulativie Probability Table Cap. Out Cap. In 0 146 0.8756055 45 101 0.092169 10 136 0.0178695 46 100 0.0088445 77.47782 90 56 0.0024255 21.24738 55 91 0.001881 16.47756 56 90 0.0001805 8.15556 91 55 0.000931 8.15556 1.58118 100 46 0.0000495 0.43362 0.43362 101 45 0.000019 0.16644 0.16644 136 10 0.0000245 0.21462 0.21462 146 0 0.0000005 0.00438 0.00438 8.97462 125.7586 Combine-Cycle Plant Loss of Load Expectation Calculations For each combustion turbine assume FOR of 1% For steam turbine assume FOR of 1% Bethel Plant Crooked Creek Plant 3x42 MW Simple Cycle Units+25 MW CT Unit 2x42 MW Turbien Units+25 MW CT Unit Probability Table for Simple Cycle Units Probability Table for Coal Units Cap. Out Cap. In Probability Cap. Out Cap. In Probability 126 0 0.970299 84 0 0.9801 84 42 0.029403 42 55 0.0198 42 84 0.000297 0 100 0.0001 0 126 0.000001 Add in 25 MW STG in Service Add in 13 MW STG in Service Cap. Out Probability Cap. Out Cap In. Probability 0 0.9683584 0 0.970299 42 0.02910897 42 0.019602 84 0.00029403 84 0.000099 126 0.00000099 25 MW SGT out of Service 13 MW SGT out of Service Cap. Out Probability Cap. Out Cap In. Probability 25 0.00970299 13 0.009801 67 0.00029403 57 0.000198 109 0.00000297 97 0.000001 151 0.00000001 Combined Probability Table Combined Probability Table Cap. Out Cap. In Probability Loss of Load Cap. Out Cap. In Probability Loss of Load hours/yr hours/yr 0 151 0.9683584 0 97 0.970299 42 109 0.02910897 42 57 0.019602 25 126 0.00970299 84.99819 13 84 0.009801 85.85676 85.857 67 84 0.00029403 2.575703 2.575703 57 42 0.000198 1.73448 1.734 84 67 0.00029403 2.575703 2.575703 2.575703 84 13 0.000099 0.86724 0.867 109 42 0.00000297 0.026017 0.026017 0.026017 97 0 0.000001 0.00876 0.009 126 25 0.00000099 0.008672 0.008672 0.008672 88.46724 88.467 151 0 0.00000001 8.76E-05 8.76E-05 8.76E-05 2.61048 5.186183 90.18438 2. Coal Cost Projections Table 16. Coal Supply, Disposition, and Prices (Million Short Tons per Year, Unless Otherwise Noted) Supply, Disposition, and Prices 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2001-2025 Production 1/ Appalachia 430 443 407 409 405 414 424 433 429 425 422 418 412 413 415 418 416 415 418 418 419 416 415 418 423 431 -0.1% Interior 144 147 149 154 156 165 168 167 168 167 158 150 147 149 147 150 152 154 153 152 150 152 153 154 156 159 0.3% West 510 548 529 536 541 545 563 588 604 622 651 672 688 696 706 718 731 749 758 775 790 797 813 828 835 850 1.8% East of the Mississippi 518 539 505 513 506 521 534 541 538 534 528 522 513 518 520 526 525 526 529 531 529 529 530 535 542 553 0.1% West of the Mississippi 566 599 580 586 596 603 622 647 662 680 703 718 733 739 748 760 774 792 800 815 829 835 851 866 872 887 1.7% Total 1084 1138 1085 1099 1102 1124 1156 1188 1200 1214 1231 1239 1247 1258 1268 1286 1299 1318 1329 1346 1359 1364 1381 1400 1414 1440 1.0% Net Imports Imports 13 20 16 16 17 17 18 18 19 19 20 20 21 21 22 22 23 23 24 24 25 26 26 27 27 28 1.4% Exports 58 49 41 40 40 39 38 37 37 36 35 32 31 32 31 29 28 28 28 28 29 27 26 26 26 26 -2.6% Total -46 -29 -25 -24 -23 -22 -21 -19 -18 -17 -15 -11 -10 -10 -9 -6 -5 -4 -4 -4 -4 -1 0 0 1 2 N/A Total Supply 2/ 1038 1109 1060 1075 1080 1103 1135 1169 1182 1197 1215 1228 1236 1248 1259 1280 1294 1313 1325 1342 1355 1363 1381 1400 1415 1442 1.1% Consumption by Sector Residential and Commercial 4 4 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 1.2% Industrial 3/ 65 63 63 64 64 64 64 65 66 66 66 67 67 68 68 68 68 69 69 69 69 70 70 70 71 71 0.5% of which: Coal to Liquids 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 N/ACoke Plants 29 26 23 25 25 25 25 25 25 24 24 24 23 23 22 22 22 21 21 20 20 20 19 19 19 18 -1.5% Electric Generators 4/ 983 957 949 966 989 1012 1044 1077 1090 1105 1123 1135 1144 1155 1166 1187 1202 1221 1233 1250 1263 1271 1290 1309 1323 1350 1.4% Total 1081 1050 1040 1059 1082 1106 1138 1172 1185 1200 1218 1231 1239 1250 1261 1282 1297 1316 1328 1345 1358 1366 1384 1403 1418 1444 1.3% Discrepancy and Stock Change 5/ -43 59 20 16 -3 -3 -3 -3 -3 -3 -3 -2 -3 -3 -3 -3 -3 -3 -3 -3 -3 -3 -3 -3 -3 -3 N/A Average Minemouth Price (2001 dollars per short ton) 17.18 17.59 17.01 16.91 16.60 16.50 16.34 16.05 15.68 15.37 14.99 14.78 14.60 14.65 14.63 14.67 14.59 14.49 14.51 14.48 14.38 14.32 14.28 14.24 14.32 14.36 -0.8% (2001dollars per million Btu) 0.81 0.83 0.82 0.81 0.80 0.80 0.79 0.77 0.76 0.75 0.73 0.72 0.71 0.71 0.71 0.72 0.71 0.71 0.71 0.71 0.71 0.70 0.70 0.70 0.70 0.71 -0.7% Delivered Price (2001 dollars per short ton) 6/ Industrial 32.20 32.83 31.96 31.69 31.30 31.14 31.12 30.89 30.53 30.27 29.97 29.80 29.55 29.53 29.39 29.33 29.16 28.96 28.87 28.69 28.40 28.23 28.16 28.00 27.98 27.92 -0.7% Coke Plants 45.43 46.42 44.40 44.08 43.60 43.17 42.93 42.46 42.01 41.67 41.38 40.81 40.67 40.54 40.39 40.03 39.66 39.33 39.20 38.80 38.62 37.93 37.72 37.48 37.37 37.09 -0.9% Electric Generators (2001 dollars / short ton) 24.85 25.06 24.79 24.89 24.70 24.92 24.67 24.39 24.09 23.81 23.61 23.55 23.39 23.33 23.24 23.16 23.02 22.84 22.76 22.65 22.45 22.33 22.30 22.21 22.22 22.17 -0.5% (2001 dollars / million Btu) 1.23 1.25 1.22 1.22 1.22 1.22 1.21 1.20 1.19 1.18 1.17 1.17 1.16 1.16 1.15 1.15 1.14 1.14 1.13 1.13 1.12 1.11 1.11 1.11 1.11 1.10 -0.5% Average 25.85 26.06 25.67 25.75 25.52 25.70 25.43 25.13 24.82 24.53 24.31 24.22 24.05 23.98 23.87 23.78 23.62 23.43 23.33 23.21 23.00 22.86 22.81 22.71 22.71 22.64 -0.6% Exports 7/ 35.72 36.97 35.52 35.14 34.70 34.33 34.17 33.85 33.45 33.19 32.88 32.18 32.09 32.14 32.30 32.58 32.27 32.12 32.13 31.96 31.89 31.26 31.13 30.99 30.96 30.85 -0.8% 1/ Includes anthracite, bituminous coal, lignite, and waste coal delivered to independent power producers. Waste coal deliveries totaled 10.1 million tons in 2000 and 10.6 million tons in 2001. 2/ Production plus net imports and net storage withdrawals. 3/ Includes consumption for combined heat and power plants, except those plants whose primary business is to sell electricity, or electricity and heat, to the public. 4/ Includes electricity-only and combined heat and power (CHP) plants whose primary business is to sell electricity, or electricity and heat, to the public. 5/ Balancing item: the sum of production, net imports, and net storage withdrawals minus total consumption. 6/ Sectoral prices weighted by consumption tonnage; weighted average excludes residential/ commercial prices and export free-alongside-ship (f.a.s.) prices. 7/ F.a.s. price at U.S. port of exit. Btu = British thermal unit. N/A = Not applicable. Note: Totals may not equal sum of components due to independent rounding. Data for 2000 and 2001 are model results and may differ slightly from official EIA data reports. Sources: 2000: Energy Information Administration (EIA), Coal Industry Annual 2000, DOE/EIA-0584(2000) (Washington, DC, January 2002). 2001 data based on EIA, Quarterly Coal Report, October-December 2001, DOE/EIA-0121(2001/4Q) (Washington, DC, May 2002) and EIA, AEO2003 National Energy Modeling System run aeo2003.d110502c. Projections: EIA, AEO2003 National Energy Modeling System run aeo2003.d110502c. 3. Coal Plant Efficiencies and Reliability Information Energy Power Plan Generating Resources Advisory Committee DRAFT Northwest Power Planning Council New Resource Characterization for the Fifth Power Plan Coal-fired Power Plants May 17, 2002 This paper describes the technical characteristics and cost and performance assumptions to be used by the Northwest Power Planning Council for assessments involving new coal- fired power plants. The intent is to characterize a typical facility, recognizing that actual facilities will differ from these assumptions in the particulars. We anticipate using these assumptions in price forecasting and system reliability assessment models. Others may use the Council s technology characterizations for their own purposes. Coal-fired steam-electric power plants are a mature technology, in use for over a century. Coal-fired power plants are the major source of power in eastern electricity supply systems and the second largest component of the western grid. Currently, over 36,000 megawatts of coal steam-electric power plants are in service on the western electricity grid, comprising about 23% of generating capacity. In recent years, however, the economic and environmental advantages of combined-cycle gas turbines, low load growth and promise of advanced coal-based technologies with superior efficiency and environmental characteristics eclipsed conventional coal-fired steam-electric technology, at least in the United States. Since 1990, less than 500 megawatts of new coal-fired steam electric plant entered service on the western grid. The future prospects for coal-fired steam-electric power plants may be changing. Like reciprocating internal combustion engines, another mature technology, the economic and environmental characteristics of coal-fired steam-electric power plants have greatly improved. These factors, combined with the prospect of stable or declining coal prices may reinvigorate the competition between coal and natural gas and lessen the near-term prospects for revolutionary coal-based technologies. The capital cost of coal-fired steam-electric plants has declined about 25% (constant dollars) since the early 1990s with little or no sacrifice to thermal efficiency, reliability or environmental performance. This cost reduction is attributable to plant performance improvements, automation and reliability improvements, equipment cost reduction, reduced construction schedule, and increased market competition (DOE, 1999). Coal prices also have declined during this period as a result of stagnant demand and productivity improvements in mining and transportation. By way of comparison, the Council s 1991 power plan estimated the overnight capital cost of a new coal-fired steam-electric plant to be $1775/kW and the cost of Powder River coal at $0.68/MMBtu (year 2000 dollars). The capital and fuel costs proposed for the Fifth Power Plan are $1468/kW and $0.71/MMBtu, respectively. Though the economics have improved, other issues associated with future development of coal-fired power plants remain largely unchanged. The issues cited in the Fourth Power Plan - air quality impacts, carbon dioxide and global climate change, water impacts, solid waste, site availability, coal transportation, electric power transmission and impacts of coal mining and transportation - remain significant. The proposed reference plant is a subcritical 400 megawatt pulverized coal-fired unit. It is one of two or more co-located similar units. Because of increasing constraints on the availability of water, we assume the plant is equipped with dry mechanical draft cooling. The plant would be equipped with flue gas desulfurization, fabric filter particulate control and would use combustion NOx control. In view of cost and performance improvements achieved in recent years with conventional technology, the potential for further improvements, and difficulties experienced with development of advanced technologies, future improvements in cost and performance is based on evolutionary improvements to conventional technology. Issues: • In previous power plans, location-specific coal-fired power plant costs (including transmission interconnection and site infrastructure) were based on actual Northwest sites that had been proposed for development. The availability of capacity for future development was based on the same approach. This approach no longer appears practical now that power price forecasting and other Council analyses demand a west-wide view. What approach should the Council use in expanding the basis plant assumptions to the various load-resource areas used in the Council s models? What are the important variables among prospective sites? Do we need to assess possible constraints on resource development? • What should we assume with respect to future environmental requirements for coal-fired capacity? Will mercury and other air toxins be controlled and how would plant cost and performance be affected? The reference design does not include selective catalytic reduction (SCR) for additional NOx control. Should we assume that SCR would be typically installed on new plants. • The proposed scheduled outage factor seems high (~30 days/yr) but is consistent with GADS data and new plant design objectives. Do this assumption require revision? • Our current assumption regarding future technology development is limited to heat rate improvement and is taken from the Energy Information Administration Annual Energy Outlook 2002. The basis is unclear. Should we look at an alternative approach, e.g. adoption of some advanced technology or achievement of US DOE performance goals by some future date? • Capital replacement assumptions affect the retirement of existing capacity in power price forecasting and other modeling. Are the proposed assumptions realistic? References DOE (1999): US Department of Energy. Market-based Advanced Coal Power Systems. March 1999. EIA (2001): US Department of Energy, Energy Information Administration. Assumptions to the Annual Energy Outlook 2002. December 2001. Table 1: Resource characterization: Coal-fired power plants Facility 400 MW (nominal) pulverized coal-fired subcritical steam- electric plant, 2400 psig/1000oF/1000oF reheat. Dry mechanical draft cooling. Low-NOx burners; lime spray Reference plant from DOE, 1999, modified to suit western coal and site conditions. dryer; fabric particulate filter. Reference plant design. Co-sited with one or more additional units. Fuel Western subbituminous coal. 9300 Btu/lb, 0.4% S. Characteristics are for Powder River Basin coal. Technology base year 2000 Fifth plan base year. Price base year 2000 Fifth plan base year. Net power output New & clean: 385 MW Lifetime average: 374 MW DOE (1999) Derated 3% for dry cooling. Average degradation based on 4th plan GT values. Lead time Development: 36 months Construction: 36 months Development shortened from 4th plan 48 months. Availability Scheduled outage factor: 9% Forced outage rate: 7% Mean time to repair: 40 hours Availability: 85% Availability factors based on 1995 - 99 GADS, but consistent w/DOE (1999) reduced redundancy design. Heat rate (HHV) New & clean: 9350 Btu/kWh Lifetime average: 9550 Btu/kWh Vintage improvement: -0.34%/yr DOE (1999), increased 3% for dry cooling. Average degradation based on 4th plan GT values. Vintage improvement From EIA (2001) Service life 30 years DOE (1999). Reduced from 4th Power plan (40 yrs). Capital cost Development: $25/kW Construction (Overnight): $1403/kW Startup: $26/kW Working capital: $14/kW Development cost factors from 4th Plan. Construction, startup & working capital from DOE (1999) plus estimated dry cooling, land & owner s admin costs. No allowance for site infrastructure. Capital replacement To 30 yrs: $15/kW/yr Over 30 yrs: $20/kW/yr EIA (2001). Non-fuel O&M cost Fixed O&M : $25/kW/yr Property Tax: $20/kW/yr Insurance: $4/kW/yr Variable: $0.5/MWh Vintage improvement: 0%/yr DOE (1999) except prop tax & insurance. Prop tax & insurance 1.4% & 0.25% assessed value, respectively. Financing IPP See Table 2 (To follow) SOx Calculation to be supplied 95% removal NOx 4.09 lb/Mwh (2.05 T/GWh) DOE (1999) Est. 2005 BACT Particulates 0.272 lb/Mwh (0.136 T/GWh) DOE (1999) Est. 2005 BACT CO2 Calculation to be supplied Site Availability The current AURORA run (with no limits on new capacity) result in the following build levels by 2020: AB - 700 MW, CO 1750 MW, ID 3150 MW, MT 350 MW, WY 1140 MW. April 17, 2001 Review of Potential Efficiency Improvements at Coal-Fired Power Plants Introduction The Clean Air Markets Division, U.S. Environmental Protection Agency requested that Perrin Quarles Associates, Inc., perform a review of readily available data on potential and actual efficiency improvements at coal-fired utilities. The objective was to identify heat rate reductions or efficiency improvements that have taken place due to either optimization efforts at existing utility boilers or due to the use of newer advanced technologies for coal combustion. A unit’s efficiency in this context refers to its thermal efficiency and is defined as a percentage determined by the electrical energy export divided by the fuel energy input. Fuel energy input can be defined either on a higher heating value (HHV) or lower heating value (LHV) basis. HHV is the full energy content of a fuel including the latent heat of vaporization of water, while LHV excludes the energy in the water vapor from the fuels hydrogen. The HHV will be about 5 to 10 percent higher than LHV. In the United States, fuel energy content is generally measured in terms of HHV, and HHV is used in Energy Information Agency statistics. Internationally, LHV is more often used. For this report, all efficiencies are reported on an HHV basis. Efficiency is also commonly represented by the heat rate, which is the reciprocal of the thermal efficiency and is described in the units of Btu/kWh. This document discusses the range of heat rates and efficiencies associated with coal-fired power plants including the improved heat rates that have been achieved at some of the more recently constructed state-of-the-art coal-fired facilities. The following is a general discussion of this issue in the context of several different types of coal-fired plants. Note that the information in this report is based on a search of documents currently available on the Internet. More extensive research that may lead to additional data and supporting documentation could entail contacting EIA at DOE or individual facilities for additional information, particularly with respect to actual heat rates or efficiency percentages. Conventional Pulverized Coal Plants Current Heat Rates Unit efficiency, or heat rate, is a function of unit design, size, capacity factor, the fuel fired, maintenance condition of the unit, and operating and ambient conditions (cooling water temperature). Existing pulverized coal boilers operating today in the U.S. use subcritical or supercritical steam cycles. A supercritical steam cycle normally operates above the water critical temperature (705 F) and critical pressure (3210 psia) where water can exist only in the gaseous phase. Subcritical systems historically have achieved thermal efficiencies of 33 to 34 percent ( 10,300 Btu/kWh to 10,000 Btu/kWh). Supercritical systems achieve thermal efficiencies 3 to 5 percent higher than subcritical Efficiency Improvements April 17, 2001 Page 2 1Kitto, J.B., Babcock & Wilcox, Developments in Pulverized Coal-Fired Boiler Technology, presented to the Missouri Valley Electric Association Engineering Conference, April 1996. http://www.babcock.com/pgg/tt/pdf/BR-1610.pdf 2Burr, M. T., Holding companies rule; top 10 sell 28% of U.S. electricity, Electric Light and Power, October 1999. 3Levy, E. and N. Sarunac, Technical Review of EPA's Proposed Output Monitoring System, Lehigh University Energy Research Center, September 2000. systems.1 Table 1 summarizes heat rate data for the 25 best performing utility coal-fired plants, and 50 best performing utility company coal-fired fleets in the U.S. The data were prepared for Electric Light and Power’s annual top 100 utility operating report.2 Table 1: Best Coal Fired Heat Rates -- U.S. Utilities Lowest Reported Annual Average Heat Rate (Btu/kWh) Highest Reported Annual Average Heat Rate (Btu/kWh) Average of the Reported Annual Average Heat Rates (Btu/kWh) 25 Best Performing Coal-Fired Plants 8996 9486 9309 50 Best Performing Coal-Fired Fleets 9382 10,146 9854 Data on heat rates are taken from Electric Light and Power’s annual top 100 utility operating report (EL&P, 1999), and were prepared by Navigant Consulting. Heat rates are from 1998 or 1997. The report noted that utility methods for determining the heat rate values are inconsistent. Heat Rate Improvements at Existing Plants Many conventional pulverized coal-fired power plants have made improvements to their systems that have, in turn, led to improvements in the plant’s efficiency or heat rate. The extent to which heat rates can be improved at existing plants is estimated to be at best 3 to 5 percent.3 This is because heat rate is primarily dependent on unit design, fuel, and capacity factor, and the design of a plant can not be changed once built. The literature reviewed reported heat rate improvements consistent with the 3 to 5 percent improvement estimate. Table 2 summarizes some of the potential actions that could be taken to improve plant efficiencies. Even though these data are based on the higher moisture "brown coal" or lignite typically used only in certain areas, such as Australia, Germany, Russia, and certain portions of the U.S., some of the actions may also be applied in the context of the lower moisture "black coal" or bituminous that is typically used in the U.S. These actions include those that would help restore the plant to its design conditions, change existing operational settings, or install retrofit improvements. Efficiency Improvements April 17, 2001 Page 3 4Sinclair Knight Merz Pty. Ltd., Integrating Consultancy - Efficiency Standards for Power Generation, Australian Greenhouse Office, January 2000, p. 38. http://www.greenhouse.gov.au/markets/gen_eff/skmreport.pdf Table 2: Measures that may Improve the Efficiency of Coal-Fired Power Plants4 Action* Efficiency Improvement (%) Restore Plant to Design Conditions Minimize boiler tramp air 0.42 Reinstate any feedheaters out of service 0.46 - 1.97 Refurbish feedheaters 0.84 Reduce steam leaks 1.1 Reduce turbine gland leakage 0.84 Changes to Operational Settings Low excess air operation 1.22 Improved combustion control 0.84 Retrofit Improvements Extra airheater surface in the boiler 2.1 Install new high efficiency turbine blades 0.98 Install variable speed drives** 1.97 Install on-line condenser cleaning system 0.84 Install new cooling tower film pack** 1.97 Install intermittent energisation to ESPs 0.32 * Note that the efficiency improvements expected as a result of implementation of these actions may not be additive and the feasibility and improvements associated with each action may vary based on plant configuration. ** The expected efficiency improvements associated with these actions may be overestimated. Wisconsin Electric Power Company (WEPCO) has implemented a number of actions to improve the efficiency or heat rate at certain coal-fired plants, some of which are included in Table 2 above. The efficiency improvements as reported in the Climate Challenge Participation Accord between WEPCO and the Department of Energy (DOE) are summarized in Table 3. Efficiency improvements over a 5 year period ranged from 2.3 percent to 4.1 percent. In the Accord, WEPCO also committed to other efforts to improve heat rates including: various equipment control upgrades such as distributed control systems, precipitators and turbine controls; metering upgrades; boiler chemical cleaning; feedwater heater improvements; reduced condenser air in-leakage; and reduced Efficiency Improvements April 17, 2001 Page 4 5Wisconsin Electric Power Company Climate Challenge Participation Accord (agreement with DOE), Appendix A (Wisconsin Energy Emission Reduction/Sequestration Project Descriptions), Section 2 - Supply Side Energy Efficiency. http://www.eren.doe.gov/climatechallenge/cc_accordxWISCEL.htm thermal losses. WEPCO estimated a 0.5 percent annual company-wide heat rate improvement due to these additional efforts over a period from 1995 - 2000. Table 3: Example Heat Rate Improvements at Wisconsin Electric Plants Due to Operational Changes (1990 - 1994)5 Plant Original Heat Rate (Btu/kWh HHV) Improved Heat Rate (Btu/kWh HHV) Efficienc y Increase (%) Description of Efficiency Improvement Projects Oak Creek 9,802 9,424 3.9 Variable pressure operation, distributed control system, retractable turbine packing, variable speed drives on the forced and induced draft fans, reduced air in-leakage, feedwater heater replacements, increased availability and capacity factor and precipitator energy management system Pleasant Prairie 11,157 10,796 3.2 Variable pressure operation, unit and equipment performance monitoring, retractable turbine packing, reduced air in-leakage, increased availability and variable speed drive make-up water pumps Presque Isle 11,565 11,089 4.1 Retractable turbine packing, increased availability and capacity factor, reduced air in-leakage, reduced excess boiler O2, boiler chemical cleaning, CO monitors on the boiler, improved turbine pressure and updated or additional instrumentation Efficiency Improvements April 17, 2001 Page 5 6Perrin Quarles Associates, Inc., Review of Utility Coal-Fired Boiler Optimization Papers, Appendix, August 2000. 7Lester, E., Minimization of Global Climate Change Using Clean Coal Technology, American Institute of Chemical Engineers, August 1998, p. 5. http://www.aiche.org/government/pdfdocs/cleancoal.pdf Table 3: Example Heat Rate Improvements at Wisconsin Electric Plants Due to Operational Changes (1990 - 1994) (cont.) Plant Original Heat Rate (Btu/kWh HHV) Improved Heat Rate (Btu/kWh HHV) Efficienc y Increase (%) Description of Efficiency Improvement Projects Valley 13,938 13,623 2.3 Last row turbine blade replacement, retractable turbine packing, variable speed drives for the forced and induced draft fans, superheater surface change, reduced air in-leakage, reduced pulverizer primary air velocity and increased availability and capacity factor PQA has previously reviewed literature for CAMD on NOx reductions and efficiency improvements resulting from the installation of combustion optimization software, such as NeuSIGHT, ULTRAMAX, and GNOCIS. The software works with a boiler's digital control system to optimize and control boiler settings. Efficiency improvements from the combustion optimization ranged from 0.3 to 3 percent.6 New Pulverized Coal Plants In addition to the potential for efficiency improvements at existing conventional pulverized coal-fired plants through operational changes and equipment upgrades, there is also the potential for dramatically reduced heat rates through the use of pulverized coal- fired power plants built with more advanced technologies. A Low Emissions Boiler System (LEBS) based on the direct combustion of pulverized coal emphasizes improvements in technology and processes that are already widely accepted. These types of facilities include a high-efficiency pulverized coal boiler integrated with other more efficient combustion techniques and advancements in emission control technologies. The more advanced versions of these facilities may achieve up to 44 percent efficiency and are expected to be currently commercially available.7 In the context of these newer units, a 400 MW pulverized coal power plant design based on the utilization of pulverized coal feeding a conventional steam boiler and steam Efficiency Improvements April 17, 2001 Page 6 8U.S. Department of Energy, Office of Fossil Energy, Market Based Advanced Coal Power Systems, Section 3 -- Pulverized Coal-Fired Plants, May 1999, DOE/FE-0400, p. 3.1-5, 3.2-2, and 3.3-2. http://www.fetc.doe.gov/coal_power/special_rpts/market_systems/market_sys.html 9Sinclair Knight Merz Pty. Ltd., Integrating Consultancy -- Efficiency Standards for Power Generation, Australian Greenhouse Office, January 2000, p. 6. turbine, as well as state-of-the-art technology and components currently available in the market, could achieve heat rates as low as 8,251 Btu/kWh, depending on the specific design of the facility. Design data for these types of facilities are summarized in Table 4 below. Table 4: Heat Rate Data for Subcritical, Supercritical, and Ultra-Supercritical Coal-Fired Power Plants (Design Data Based on a 400 MW Facility)8 Type of Plant Steam Pressure (psig) Steam Temperature (F) Expected Heat Rate (Btu/kWh) Subcritical (conventional pulverized coal plant with emission control systems to meet current air quality standards) 2400 psig 1000F/1000F 9,077 Supercritical (single reheat configuration with emissions control systems to meet air quality standards expected in 2005) 3500 psig 1050F/1050F 8,568 Ultra-Supercritical (double reheat configuration with emissions control systems to meet air quality standards expected in 2010) 4500 psig 1100F/1100F/1100F 8,251 Another source includes data from coal-fired plants in North America, Europe, and Japan, and cites the best practice thermal efficiency rates at 37.7 percent and 41.7 percent for subcritical and supercritical plants, respectively, for facilities similar in size to those referenced above.9 An examination of this new generation of coal burning plants internationally have revealed that several are capable of achieving efficiencies above 40 percent through the use of low condenser pressures, high steam pressures and temperatures, double reheat cycles, up to ten stages of feed heating and other changes to station parameters and Efficiency Improvements April 17, 2001 Page 7 10Sinclair Knight Merz Pty. Ltd., p. 59. configuration of equipment. These plants and their corresponding efficiencies are summarized in Table 5 below. Table 5 - International "Black Coal" Power Plants with High Design Thermal Efficiencies10 Plant Online Size (MW)Steam Temperature (F)Design Thermal Efficiency (%) HHV Staudinger 5 1992 550 1004/1040 41.1* Rostock 1994 550 1004/1040 42 Esbjerg 1992 400 1036/1040 43.2* Nordjylland- svaerket 1998 400 1076/1076/1076 (double reheat cycle) 44.9 Lubeck 1998 440 1076/1112 43.6 Bexbach II 2002 (projected) 750 1067/1103 44.2 * Note that these estimated thermal efficiencies have been confirmed through testing and/or operating experience. Combined Cycle Operations at Coal-Fired Power Plants Coal-fired power plants have historically been limited to the simple cycle method. However, recent technological developments have led to the capability of powering "combined-cycle" generators. Under DOE Initiatives, two new technologies -- Pressurized Fluid Bed Combustion and Integrated Gasification Combined Cycle (IGCC) -- have allowed for combined cycle operations in the context of coal-fired facilities. These facilities have dramatically improved efficiencies or heat rates as compared to conventional pulverized coal-fired facilities. Pressurized Fluid Bed Combustor One study examined the efficiency benefits of using more advanced technologies such as the pressurized fluid bed combustor. Using a standard pulverized coal plant (294 MW with a heat rate of 9009 Btu/kWh) as a reference point, the efficiency benefits of using more advanced technologies were evaluated. A facility similar to the reference plant that utilizes a pressurized fluid bed combustor system may be able to achieve heat rates between 7,040 Btu/kWh and 8,679 Btu/kWh depending on the type of technology. A "bubbling bed" pressurized fluid bed combustor could lead to a heat rate of about 8,679 Btu/kWh, while a "first generation" or "second generation" pressurized fluid bed Efficiency Improvements April 17, 2001 Page 8 11Bonk, D., and M. Freier, U.S. Department of Energy, and Buchanan, et. al., Parsons Power, Assessment of Opportunities for Advanced Technology Repowering, p. 3. , Proceedings of the Advanced Coal Based and Environmental Systems Conference, Pittsburgh, July 22 - 24, 1997. http://www.fetc.doe.gov/publications/proceedings/97/97ps/ps_pdf/PS1-7.PDF 12Market Based Advanced Coal Power Systems, Section 5 -- Circulating Pressurized Fluid Bed Combustor, U.S. Department of Energy, May 1999, p.5-5. 13Sinclair Knight Merz Pty. Ltd., pp. 59-60, 66-67. 14Bonk, D. and M. Freier, and Buchanan, et. al., p. 3-4. 15DOE Fossil Energy Techline, "Fourth Clean Coal Plant to Win Powerplant Award Sets Record Operation for Coal Gasifier in Early 1997." February 18, 1997. http://www.fe.doe.gov/techline/tl_wab96.html 16Clean Coal Today, "Tampa Electric's Greenfield IGCC Ready for Demonstration," Office of Fossil Energy, U.S. Department of Energy, DOE/FE-0215 P-24, No. 24, Winter 1996. combustor could lead to heat rates of 8,506 Btu/kWh and 7,040 Btu/kWh, respectively.11 Another DOE study also confirms heat rates in this range for a pressurized fluid bed combustor.12 Combustors the size of 70 to 80 MW have been in operation for a number of years. Recently, some larger combustors have been constructed. A 350 MW combustor is under construction in Japan and the expected efficiency is 41 percent. There is the potential to reach 43 percent in future plants. However, based on operational data from one existing plant, the overall net efficiency is approximately 38.2 percent.13 Integrated Gasification Combined Cycle The DOE/Parsons study referenced above also examined the benefits of using an Integrated Gasification Combined Cycle (IGCC) system, which is capable of achieving heat rates between 7,374 Btu/kWh and 7,581 Btu/kWh, depending again, on the type of technology used.14 There have been some successful examples of plants that have recently demonstrated the IGCC technology. The Wabash River Coal Gasification Power Plant in West Terre Haute, IN and the Polk Power Plant in Polk County, Florida are two IGCC systems that have been successful at improving efficiencies. The Wabash River project repowered the oldest of six pulverized coal units using a "next-generating" coal gasifier, an advanced gas turbine and a heat-recovery steam generator. The 265 MW unit began operation in December 1995 and the design heat rate for the repowered unit is 9,034 Btu/kWh (approximately 38 percent efficiency).15 The Polk Power Plant has a similar efficiency estimated at 39.7 percent and the heat rate is estimated at approximately 8,600 Btu/kWh.16 Efficiency Improvements April 17, 2001 Page 9 17"The Wabash River Coal Gasification Repowering Project - An Update," Clean Coal Technology, Topical Report #20, September 2000. http://www.lanl.gov/projects/cctc/topicalreports/documents/topical20.pdf 18"Tampa Electric Integrated Gasification Combined-Cycle Project - An Update," Clean Coal Technology, Topical Report #19, July 2000. http://www.lanl.gov/projects/cctc/topicalreports/documents/topical19.pdf 19Sinclair Knight Merz Pty. Ltd., pp. 59, 66. 20Market Based Advanced Coal Power Systems, Section 4 -- Integrated Gasification Combined Cycle, DOE, May 1999, p. 4.3-5. Recent data on actual operational results shows that these facilities have achieved efficiencies that are similar to the design values. The overall net thermal efficiency for the Wabash River IGCC facility has been 39.7 percent.17 The overall net thermal efficiency for the Polk Power Station has been 36.5 percent with an overall heat rate of 9350 Btu/kWh. The efficiency for the Polk Station has been slightly lower than expected due to problems with the gasifier and low carbon conversion. These and other issues have been recently addressed and certain operational changes are expected to lead to a thermal efficiency of around 38 percent.18 One study notes that the efficiency of IGCC plants is expected to be around 42 percent and there is the potential to achieve 49 percent when higher efficiency gas turbines become available.19 One DOE study estimates the thermal efficiency of an IGCC plant slightly lower at 40.1 percent with a heat rate of 8,522 Btu/kWh. This estimate assumes a 540 MW facility with a plant configuration based on the technology demonstrated at the Wabash IGCC facility but incorporates a new steam turbine. However, this study also describes IGCC facilities of similar size based on more advanced technologies (some of which of which are not yet commercially available) that could achieve an efficiency and heat rate of up to 49.7 percent and 6,870 Btu/kWh, respectively.20 4. EMF Information ACCURATE FORMULAE OF POWER LINE MAGNETIC FIELDS 83 ACCURATE FORMULAE OF POWER LINE MAGNETIC FIELDS G. FILIPPOPOULOS D. TSANAKAS gfilippo@eeae.nrcps.ariadne-t.gr Tsanakas@ee.upatras.gr DEPARTMENT OF ELECTRICAL AND COMPUTER ENGINEERING UNIVERSITY OF PATRAS 26500, RION, GREECE Abstract Accurate mathematical formulae of the magnetic field around some commonly used configurations of power lines are derived. This is achieved by the use of two copies of the complex numbers set. The one copy, named Ci, is used to represent the vectors in the vertical plane (where the magnetic flux density vector is considered). The other copy, named Cj, is used to represent the sinusoidal varying quantities as phasors. The rotating vector of the magnetic flux density occurs as a combination of the two complex number sets, belonging to the set of the Cartesian product Ci x Cj, named double complex numbers. The magnetic flux density vector, as a double complex number is described through remarkably simple relations, making the development of accurate mathematical formulae for it possible. These formulae express the magnetic flux density vector as a function of the line geometrical parameters and the relative distance from it. Similar formulae for the resultant value of the magnetic field, a commonly used quantity to describe the magnetic field, are also derived. As examples accurate formulae of the magnetic field around single circuit power lines in flat, vertical and delta configurations and hexagon lines in various configurations are presented. 1 Introduction The last decades, the magnetic fields produced around power lines are considered as an environmental factor. The calculation of the magnetic field values at ground level under a power line is usually made arithmetically with the use of a computer [1]. However, the arithmetic calculation does not allow an insight at the magnetic field properties and its dependencies of the various parameters of the setting. For example, the magnetic field at ground level is calculated at a specific distance from the line axis and considering a specific height of the conductors to the ground. This calculation is repeated for various distances in order to get the magnetic field profile. For different conductor heights or if there is a change in the line arrangement, the whole process must be repeated. Also the results refer to a specific line and cannot be easily generalized. However, computational investigations are made in order to reach some general conclusions about the ability of some power line configurations to reduce the produced magnetic fields. For example, double circuit lines in low reactance configuration and compact lines were found to reduce the magnetic fields in [2, 3]. In [4] some approximate formulae of the magnetic field were presented. These formulae were based on the multipole expansion of the magnetic field and are precise at relative big distances from the line in comparison to the distances between its conductors. These formulae are very useful in the determination of the way the magnetic field decays away from a power line. For example, the fast reduction of the magnetic field away from a double circuit line in low reactance phasing was explained: placing the conductors in such a way that the first terms of the multipole expansion is zeroed, the magnetic field far from the line is minimized. However, these formulae do not show the behaviour of the magnetic field under the line, where there usually is an increased interest. In most cases it is important to know the magnetic field maximum value under the line and where it appears. In this paper accurate mathematical formulae of the magnetic field around some commonly used configurations of power lines are derived. G. FILIPPOPOULOS D. TSANAKAS 84 In [1,2,3,4] the complex numbers were preserved as phasors to represent the sinusoidal varying quantities. In this paper, complex numbers are also used to represent the vectors in the traverse plane to the conductors, where the magnetic field is considered. This is possible if a system with two imaginary units is used. In [5] many imaginary units are used, reaching to systems of hypercomplex numbers. So the innovation of this approach is the simultaneous use of complex numbers to represent plane vectors and phasors. After this representation the magnetic field rotating vector is represented by a new set of numbers, named double complex numbers. These numbers are a combination of the complex numbers representing plane vectors with the complex numbers representing sinusoidal varying quantities. The double complex numbers and their basic properties, from a mathematical point of view, are briefly discussed in the Appendix. As to denotation bold letters are used for vectors, underlined letters for phasors and bold underlined letters for double complex numbers. Also small letters indicate instantaneous values and capital letters rms values. 2 Magnetic field calculation using double complex numbers Figure 1 shows the space arrangement of the conductors of a power line in relation to the xyz axes system. The line route is considered straight and parallel to the z-axis. The line conductors are not straight but they are sagged by their weight. The curve that is drawn by each conductor at a span between two sequential suspension points is known as the catenary curve. In order to simplify the calculations and the analysis of the magnetic field produced by the line; the model of an assembly of horizontal conductors in z-axis is used. This model is precise in the prediction of the magnetic fields if the conductor sag is small in comparison to the span. A typical value for high voltage line conductor sag is 10m for a span of 350m. z x y z = zo h(z) Figure 1. Space arrangement of the conductors of a power line. Figure 2 shows a traverse section of a power line modelled as an assembly of three conductors parallel to z-axis. This section is actually the xy plane, where the conductors are shown as single points. The conductor k is caring the current ik towards the positive z-axis direction. The magnetic flux density bk which is created by the k conductor, is given by the Ampere law: ()kz2 k k0 k ˆRπ2 iµReb×= (2-1) where mA sV10π4µ7 o −= is the magnetic permeability of free space, kˆe is the unit vector in the direction of z- axis, kR is the vector distance from the k conductor to the point of interest P and the symbol × denotes the cross product of the vectors kˆe and kR . In the general case a line with n conductors may be considered. Using the superposition theorem, the magnetic flux density b produced by the line is the vector sum of the fields produced by each conductor separately: ()∑∑ == ×==n 1k 2 k kzko n 1k k R ˆi π2 µRebb (2-2) Equation (2-2) could be simplified if the vector distances on the xy plane were represented as complex numbers. On the other hand, for ac lines the conductor currents are sinusoidal quantities represented by phasors, which are also complex numbers. It is clear that having only one set of complex numbers does ACCURATE FORMULAE OF POWER LINE MAGNETIC FIELDS 85 not allow the simultaneous representation of the vectors in the xy plane and the current phasors. In order to solve this problem two copies of the complex numbers set are used: 1) The set Ci of the complex numbers with the imaginary unit i (1i2−=) and 2) the set Cj of the complex numbers with the imaginary unit j and (1j2−=). It is noted that ji≠. i3 i2 P R1 y x b1 z i1 Figure 2. Traverse section of a power line model. The set Ci is used for the representation of vectors on the xy plane. Each vector on the xy plane R = yxˆyˆx ee+ (xˆe and yˆe are the unit vectors on x and y axis) is represented by the complex number =R x + iy. Using this representation, the factor ()2 kkzRˆRe× in (2-2) is written as kiR , where kR is the conjugate complex number of kR (kR = x - iy) and the factor i is used to enter a π/2 rotation instead of the outer product with the unit vector zˆe . The set Cj is used for the representation of sinusoidal quantities as phasors. Each sinusoidal quantity ()kkkφtωcosI2i+= is represented by the complex number kφj kkeII= through the relation ()tωj kk eIRe2i=. Using these representations, (2-2) gives: ()tωj j eRe2Bb= (2-3) where ∑ = =n 1k k koI π2 µi RB (2-4) The vector b is represented by B , which is a double complex number (described in the Appendix). The term jRe is an expansion of the real function, meaning the real part of the double complex number as to the imaginary unit j: ()ibaijdjcibaRej+=+++. The double complex number B may be written in the following forms: yxBiB+=B irjBB+=yixiyrxrBijBjBiB+++= (2-5) The phasors xB and yB represent the components of b on x and y-axis, respectively, which are sinusoidal quantities. The vectors rB and iB are refer to the real and imaginary part of b, expressed by the relations: ∑ = =n 1k k r,ko R I π2 µi RB ∑ = =n 1k k i,ko i I π2 µi RB (2-6) where r,kI and i,kI are the real and the imaginary part of the current kI. The vector b as a function of time (2-3), traces an ellipse. Figure 3 shows this ellipse defined by its major G. FILIPPOPOULOS D. TSANAKAS 86 semi-axis Ba and its minor semi-axis Bb. The factor 21 is used to convert the maximum instant values to rms values. However, a very significant parameter of the magnetic flux density is its resultant value B, which is equal to the magnitude of the double complex number B : x y Ba Bb Bax Bay Bbx Bby 2 b Figure 3. The ellipse described by the vector b. ()()()2 1 2 yi 2 xi 2 yr 2 xr2 1 2 i 2 r2 1 2 y 2 x BBBBBBBBB+++=+=+==B (2-7) 3 Multipole expansion of the magnetic flux density Figure 4 shows again the traverse section of a power line. The currents are characterized by their phasors kI and the place of the k conductor is characterized by its vector distance dk from a reference point Ο, which is a central point of the line. The point O is close to but not necessarily the centre of the conductor arrangement. The vector R defines the distance from the point O to the point of interest P. Replacing the distance of the point of interest P from the conductor k: kkdRR−=, and using the equation ()∑∞ = −−=− 1λ λ1λ k 1 k RddR (valid for kdR>) in (2-4), it results the multipole expansion of the magnetic field flux density: B ()∑∞ = = 1λ λB (3-1) where: ()λB λ λο π2 µi R M= (3-2) and ∑ = −Ι=n 1k 1λ kkλdM (3-3) I2 P R y x B1 I1 I3 Od1 Figure 4. Traverse section of a power line model noting the reference point O. The multipole expansion is the expression of the magnetic flux density as a sum of succeeding terms that inversely depend with an increasing force of the distance R. Each term ()λB of this sum is called λ order ACCURATE FORMULAE OF POWER LINE MAGNETIC FIELDS 87 term of the magnetic flux density and is expressed through (3-2). The factor ëM is called the λ order moment of the magnetic flux density. Both double complex numbers ()λB and λM express elliptical rotating vectors. The term ()λB may be calculated through the calculation of the moment λM and the distance from the line R. Figure 5 shows the relation between the ellipse traced by 2M and the ellipse traced by ()2B at deferent places around the line. The general expression of the magnetic flux density λ order term is due to the capabilities of the double complex to express the elliptical rotating vectors. It should be noted that in [4] only the first four terms of the magnetic flux density multipole expansion were derived. Also in [4] the magnetic field away from the power line was approximated with the first non-zero term of the multipole expansion. R M2 B(2) φR 2φR Figure 5. Relation between the ellipses defined by 2M and )2(B . 4 Single circuit lines The magnetic flux density around a single circuit line consisting of three phase conductors (a, b and c) is derived from (2-4) as B    − Ι+− Ι+− Ι= c c b b a aο π2 µi dRdRdR (4-1) Making some manipulations, (4-1) is written as: ()()()()[] ()()cbabacacb 2 cba 3 cbabcaacbcbabcaacb 2 cbaο π2 µi dddRddddddRdddR ddddddRddddddRB++++++− Ι+Ι+Ι+Ι++Ι++Ι+−Ι+Ι+Ι= (4-2) Considering the phases abc consist a positive sequence system, their currents are related according to: IIa=, IaI2 b = and IaIc= (4-3) where 3/π2jea=. Replacing these equations in (4-2), it becomes: G. FILIPPOPOULOS D. TSANAKAS 88 () ()()cbabacacb 2 cba 3 baca 2 cbcb 2 aο aaaa π2 µi dddRddddddRdddR ddddddRdddB−+++++− +++++Ι= (4-4) The resultant value of the magnetic flux density is calculated by (4-3) as B=B. () ()()cbabacacb 2 cba 3 baca 2 cbcb 2 aο aaaa π2 IµB dddRddddddRdddR ddddddRddd −+++++− +++++= (4-5) Equations (4-4) and (4-5) get much simpler forms when they refer to specific configurations of lines. Table 1 gives the expressions for the magnetic flux density vector and its resultant value for the three most commonly used configurations of single circuit lines. Table 1. Accurate formulae of the magnetic flux density vector B and resultant value B for single circuit lines Line configuration Accurate formulae ss b a c R φ Flat arrangement B ()22 ο s s3j π2 sIµi − −=R R R B 2 1 4224 22 ο sφ2cossR2R sR3 Rπ2 sIµ   +− += s s b a c R φ Vertical arrangement B ()22 ο s is3j π2 sIµ + −−=R R R B 2 1 4224 22 ο sφ2cossR2R sR3 Rπ2 sIµ   ++ += R b c a O φ s3 s Delta arrangement B ()() 33 ο is jisij1 π4 sIµ3 + +−+−=R R B 2 1 6336 22 ο sφ3sinsR2R sR π4 sIµ23    +− += 5 Hexagon line Figure 6 shows the traverse section of a hexagon line. The conductors of this line are placed on the corners of a regular hexagon. The advantage of hexagon lines for the magnetic field calculation is their symmetry. ACCURATE FORMULAE OF POWER LINE MAGNETIC FIELDS 89 Considering the reference point O at the centre of the hexagon, the vector distances of the corners from O is given by similar expressions: ()6 π21ki k es − =d (5-1) s s O 1 23 4 56 R φ Figure 6. A hexagon line Equation (3-3) gives the λ order moment. Replacing (5-1) in (3-3) it results: λM ()()∑ = −−−−Ι=n 1k 3 π1k1λi k 1λ es (5-2) This relation results that there is a general recursive relation between the λ+6ν and the λ order moment of the magnetic flux density. So, calculating the 6 first moments, the rest are derived: λν6+M λ ν6s M= (5-3) The recursiveness of the moments results similar relations between the magnetic flux density terms. The λ order term of the magnetic flux density id given by (3-2). Equation (3-2) in combination with (5-3) results: ()λν6+B λν6 v6 λο s π2 µi +=R M (5-4) So all the terms of the multipole expansion of the magnetic flux density in (3-1), may be separated in 6 groups, as shown in the following relation: B ()()()()()()∑∑∑∑∑∑∞ = + ∞ = + ∞ = + ∞ = + ∞ = + ∞ = ++++++= 0ν 6ν6 0ν 5ν6 0ν 4ν6 0ν 3ν6 0ν 2ν6 0ν 1ν6 BBBBBB (5-5) Each of the 6 sums appearing as terms in the former equation are calculated as: ()∑∞ = + 0ν λν6B 66 λ6 λο sπ2 µi −= − R RM (5-6) Replacing this in (5-6) it gives: B 66 65 2 4 3 3 4 2 5 1ο sπ2 µi − +++++=R MRMRMRMRMRM 66 ο sπ2 µi −=R N (5-7) G. FILIPPOPOULOS D. TSANAKAS 90 where: ∑ = −=6 1λ λ6 λ RMN (5-8) The resultant value of the magnetic flux density occurs as the magnitude of the above expression: =Β ()2 1 126612 ο sφ6cossR2R N π2 µ +− (5-10) where the distance s and the angle φ are shown in figure 6. The calculation of the magnetic field flux density vector consists in the calculation of N from the 6 first moments. The calculation of the magnetic field flux density rms value consists in the calculation of N=N. The value of N depends on the line configuration. In table 2 three common configurations of a hexagon line are examined. It should be noted that even though the presented method assumes that R>s, these formulae are also valid for sR≤. 6 Conclusions Accurate formulas of the magnetic field vector and its resultant value for commonly used configurations of power lines have been developed. These formulas may be used in the accurate estimation and the analysis of the magnetic field values around these lines. As an example, for a flat power line, it is possible to calculate for the magnetic field profile at ground level, its maximum value and the exact distance from the line axis where it appears, keeping the distances between the phase conductors and the distance from the conductors to ground as parameters. Also the magnetic field levels of different power line configurations can be compared. Double complex numbers proved to be very efficient for the representation of the magnetic field vectors. Their use simplified the expressions of the magnetic field produced by power lines and allowed the development of the accurate formulae. Also the magnetic field multipole expansion terms were simplified and a general expression of the λ-order term was presented. However, it remains for a future paper to show how the properties of the ellipse described by the magnetic field vector, such as the major semi-axis, are related to the double complex number representing the field and how these parameters can be extracted from this number. It remains for future work to examine some more complicated cases of power line magnetic fields. A true double circuit line conductor arrangement may decline significantly from the examined case of hexagonal lines. Further more the currents might not be well balanced or some significant harmonics levels may have been introduced. 7 References [1] D. W. Deno, L. E. Zaffanella: “Filed effects of overhead transmission lines and stations” Chapter 8 of the “Transmission Line Reference Book- 345kV and Above”, 2nd ed. Electric Power Research Institute, California 1982. [2] D. Tsanakas, G. Filippopoulos, J. Voyatzakis, G. Kouvarakis: Compact and optimum phase conductor arrangement for the reduction of electric and magnetic fields of overhead lines, CIGRE Report 36-103, Session 2000. [3] G. Filippopoulos, D. Tsanakas, G. Kouvarakis: Overhead and underground power line electric and magnetic field reduction techniques, Millennium International Workshop on Biological Effects of Electromagnetic Fields, Crete, Greece, October 2000. [4] W. T. Kaune, L. E. Zaffanella: Analysis of magnetic fields produced far from electric power lines, IEEE Transactions on Power Delivery, Vol. 7, No 4, pp. 2082 – 2091, October 1992. ACCURATE FORMULAE OF POWER LINE MAGNETIC FIELDS 91 [5] I. L. Kantor, A. S. Solodovnikov: “Hypercomplex Numbers – An Elementary Introduction to Algebras” Springer-Verlag 1989, ISBN: 0-387-96980-2, ISBN: 3-540-96980-2 (Translated from Russian to English language by A. Shenitzer). G. FILIPPOPOULOS D. TSANAKAS 92 Table 2. Accurate formulae of the magnetic flux density vector B and resultant value B for hexagon lines. Line configuration Accurate formulae s a bb a cc R φ super-bundle double circuit line 66 4334 ο s sijssij π2 sIµi3 − −++=R RRRB ()2 1 126612 82644628 ο sφ6cossR2R sRsφ4cosφ2cosRs2RsR π2 Isµ3B    +− ++−++= s a cb a cb R φ low-reactance double circuit line ()() 66 222 ï s sij1ij1 π2 sIµi3 − ++−=R RRB 2 1 126612 442 ο sφ6cossR2R sR π2 RIsµ23B    +− += s a bc d ef R φ six phase line ()() 66 44 ï s sij1ij1 π2 sIµi3 − −++=R RB 2 1 126612 88 ο sφ6cossR2R sR π2 Isµ23B    +− += Appendix: Double Complex Numbers and their properties General The double complex may be used when there is a need to use simultaneously two sets of complex numbers. In this case, two copies of the complex numbers set is used the set Ci with the imaginary unit i, and the set Cj with the imaginary unit j (1i2−=, 1j2−= and ji≠). The set of double complex numbers D is the Cartesian product of the set Ci to the Cj (D = CixCj=R4). A double complex number f may be written in the forms: f 21jz+=z 21ζiζ+=ijdjciba+++= (A-1) ACCURATE FORMULAE OF POWER LINE MAGNETIC FIELDS 93 where 1z = a + ib and 2z = c + id are complex numbers in the set Ci, 1ζ = a + jc and 2ζ = b + jd are complex numbers in the set Cj and a, b, c and d are real numbers (in the set R). Considering a second double complex number dijcjbia ′+′+′+′=′f the product of f with f ′ occurs as shown in (A-2). Assuming the usual operations of real numbers apply and replacing 1i2−=, 1j2−= where they appear). ddcidbjdaijddicccbjicajc djbcijbbbaibdijacjabiaaa ′+′−′−′+′−′−′+′+ +′−′+′−′+′+′+′+′=′ff (A-2) This relation shows that the product of two double complex numbers is also a double complex number. Equation (A-2) is used as a multiplication rule, allowing the axiomatic definition of double complex numbers as a commutative ring. Axiomatic definition Double complex numbers are ordered quadruplets of real numbers with some operation rules. Considering the quadruplets ()d,c,b,a and ()d,c,b,a ′′′′ where the a, b, c, d, a΄, b΄, c΄ and d΄ are real numbers the rules for equality, addition are component like and the multiplication rule are defined as: ()d,c,b,a=()d,c,b,a ′′′′ ⇔ (a = a΄, b = b΄, c = c΄ and d = d΄) (A-3) ()( )( )dd,cc,bb,aad,c,b,ad,c,b,a ′+′+′+′+=′′′′+ (A-4) ()( ) ()adbccbda,bdacdbca,cddcabba,ddccbbaa d,c,b,ad,c,b,a ′+′+′+′′−′+′−′′−′−′+′′+′−′−′= =′′′′ (A-5) Defining ()0,0,0,11=, ()0,0,1,0i= and ()0,1,0,0j=, the product ij occurs ()1,0,0,0ij=. Based on these equalities, and considering the product of any real number r with ()d,c,b,a as r()d,c,b,a=()rd,rc,rb,ra any double complex number ()d,c,b,a may be written in the familiar form ijdjciba+++. The subset of D for c = 0 and d = 0, is the set Ci. Similarly, the subset of D for b = 0 and d = 0 is the set Cj. Further more, the subset of D for b = 0, c = 0 and d = 0 is the set of the real numbers R. The defined operation rules are consistent with the well known operations in the two sets of complex and the real numbers Ci, Cj and R. Based on the rules for addition and multiplication it can be easily derived that the set of double complex numbers is a commutative ring (addition is commutative: 1221ffff+=+, multiplication is commutative: 1221ffff=, addition is associative: ()()321321ffffff++=++, multiplication is associative: ()()321321ffffff=, multiplication is distributive with respect to addition: ()2121321fffffff+=+, the zero element is the real number 0: ff=+0 and the unitary element is the real number 1: ff=⋅1, where 1f , 2f and 3f stand for double complex numbers). That means that the basic operation rules for double complex numbers addition and multiplication are the same as the known ones (as for real numbers). So there is no need to memorize special operation rules. Also, there is no need to remember the multiplication rule; it is enough to replace i2 = -1 and j2 = -1 where they appear. Inversion of double complex numbers However, there is a significant difference between the set of double complex numbers and the sets of complex and real numbers. Double complex numbers is not a division system i.e. there are some double complex numbers without an inverse (called non-invertible numbers). An inverse of a double complex number f is any double complex number invf for which the following relation is valid f invf = 1. It can be proven that if f has an inverse this is a unique double complex number. The cancellation low does not apply for non-invertible G. FILIPPOPOULOS D. TSANAKAS 94 numbers, i.e. if f is a non-invertible number, equation yfxf= may be true and for yx≠. This would be impossible if f had an inverse. So the expression f1 is not valid, unless it is known that f is invertible (for example if it is a real or a complex number). The magnitude of a double complex number The magnitude f of a double complex number f expressed in the forms of (A-1) is a real number that occurs according to the relations: ()()()2 1 22222 1 2 2 2 1 2 1 2 2 2 1 dcbaζζ+++=+=+=zzf (A-6) This relation is consistent with the definition of the magnitude of complex numbers. A useful relation for the calculation of the product of two double complex numbers 1f and 2f is the following: 2121ffff= (A-7) However, this relation is valid only if at least one of 1f and 2f is a real number or a complex number in Ci or Cj or a product of a complex number in Ci with a complex number in Cj. Electric & Magnetic Fields Electric & Magnetic Fields (EMFs) Over the years, the issue of electric and magnetic fields (EMFs) has drawn the interest of scientists, government researchers, energy companies, consumers, the news media, and others. New studies and reports on EMFs will certainly continue to spur interest and debate regarding this important issue. Presently, research studies about the correlation between EMF exposure and adverse health effects are inconclusive. Since Allegheny Energy is committed to providing safe and reliable electric service to customers, we have prepared this brochureto provide the most current information available on EMFs. We hope the information within this brochure helps answer your questions regarding EMFs. What are EMFs? EMFs are invisible lines of force that are present wherever electricity exists. Electric fields are produced by voltage, which is the presence of an electrical charge. The higher the voltage of the power supply, the greater the electric field. An electric field is produced any time a conductor, or wire, is energized. For example, when a lamp in your home is plugged into an electrical outlet, an electric field exists, whether or not the lamp is turned on. Electric fields are also a natural phenomenon and can come in the form of lightning from a thunderstorm or the static charge you sometimes feel on dry days. Magnetic fields are produced by current, which is the flow of electrical charges. As the current increases, the strength of the mag- netic field also increases. For example, the current drawn by a lamp, and the resulting magnetic fields, will be stronger on the lamp’s high setting than they will be when the lamp is operated on its low setting. The wires produce a magnetic field only when the lamp is turned on. Magnetic fields pass through objects such as buildings, plants, and the ground. They are measured in units named for 18th-century mathematician Karl Friedrich Gauss and 19th-century electrician and inventor Nicola Tesla. The units of the tesla are equal to 10,000 gauss. The gauss is a measure of the number of magnetic lines of force passing through an area equal to one square inch. The earth’s magnetic field averages 500 milligauss or 0.5 gauss (1 gauss =1000 milligauss). Where are EMFs found? The largest natural source of magnetic fields that we are exposed to is created by our Earth. In nature, magnetic fields are what keep compass needles pointed north and can be strong enough in some parts of the world to pull an automobile uphill. In your home, appliances produce the highest magnetic field levels. At work, computers and other electrical equipment produce magnetic fields. Outside of your home or office, electric transmission and distribution lines produce magnetic and electric fields as they carry electricity from power stations to your home, business, and community. The following charts show typical levels of magnetic fields, measured in milligauss, produced by common household appliances and electric transmission and distribution lines. Magnetic field strength decreases as the distance from the source increases. This chart shows magnetic field levels, measured in milligauss, from three distances. Electric Field Only Electric & Magnetic Fields Common Appliances 120 Volts, 1 Ampere Lamp On 100 Watts 120 Volts, No Current Lamp Off 1.2 in. 12 in. 39 in. Source: Edison Electric Institute Microwave Oven 750-2000 40-80 3-8 Clothes Washer 8-400 2-30 0.1-2 Electric Range 60-2000 4-40 0.1-1 Hair Dryer 60-20000 1-70 0.1-3 Television 25-500 0.4-20 0.1-2 Electric and Magnetic Fields What factors determine EMF exposure? Distance: As the charts illustrate, exposure is greater the closer you are to the field source. Time: The more time you spend near the field source, the greater the exposure. Field Strength: The stronger the field at its source, the greater the exposure. Voltage levels for electric fields and current levels for magnetic fields determine source strength. Wiring Configuration: Some wiring con- figurations produce magnetic fields that fall rapidly with distance, while others create fields that fall off less rapidly. For example, electric motors produce magnetic fields that fall rapidly, while household wiring produces fields that fall less rapidly. Do EMFs affect human health? Studies to determine the effects of electric and magnetic fields on humans have been inconclusive. Can electric power lines be built without producing EMFs? No. A magnetic field is present when electric current is present. An electric field is present when voltage is present. Do underground electric power lines have lower magnetic fields at ground level? Burying electric power lines will not reduce magnetic fields at ground level. Measure- ments taken at ground level over under- ground distribution lines show magnetic fields comparable to those beneath overhead distribution and transmission lines. The determining factors for these field levels are current in the wires, depth of wire burial, geometry of the wires, and whether shielding practices are employed. Have exposure limits been set for EMFs? No limits by federal, state, or local authorities have been set for exposures to magnetic or electric field levels. National and interna- tional industrial guidelines have been published for workers that operate welders and other equipment that use large amounts of electricity. Transmission & Distribution Lines 28 3 1 .2 124 32 9 2 92 29 8 2 142 82 25 6 12 kV† 138 kV 230 kV** 500 kV centerline 50 ft.* 100 ft.* 200 ft.* Source: Allegheny Energy field calculations at normal conductor height and load. Readings may vary with changes in height and line loading. **While the structures are frequently the same as 138 kV, the 230-kV lines are higher. * Distance from center of right-of-way. † kV: Kilovolt This chart shows magnetic field levels, measured in milligauss, at ground level near electric transmission and distribution lines. These calculations were taken under normal weather conditions. Readings may vary with changes in the height of the line and temperature. Where can I learn more about EMF studies? The following agencies and organizations can provide information on EMF research through your local library or on the internet: The National Academy of Science, www.nationalacademies.org; the National Institute of Environmental Health Sciences, www.niehs.nih.gov; the Environmental Protection Agency, www.epa.gov; and the Electric Power Research Institute, www.epri.com. Call Allegheny Energy toll-free at 1-800-ALLEGHENY (1-800-255-3443) for more information. Allegheny Energy will continue to keep you informed as new information regarding the effects of EMFs becomes available. Stock # 090116 1 EMF Basics This chapter reviews terms you need to know to have a basic understanding of electric and magnetic fields (EMF), compares EMF with other forms of electromagnetic energy, and briefly discusses how such fields may affect us. · What are electric and magnetic fields? · How is the term EMF used in this booklet? · How are power-frequency EMF different from other types of electromagnetic energy? · How are alternating current sources of EMF different from direct current sources? · What happens when I am exposed to EMF? · Doesn't the earth produce EMF? Q What are electric and magnetic fields? A Electric and magnetic fields (EMF) are invisible lines of force that surround any electrical device. Power lines, electrical wiring, and electrical equipment all produce EMF. There are many other sources of EMF as well. The focus of this booklet is on power- frequency EMF--that is, EMF associated with the generation, transmission, and use of electric power. Electric fields are produced by voltage and increase in strength as the voltage increases. The electric field strength is measured in units of volts per meter (V/m). Magnetic fields result from the flow of current through wires or electrical devices and increase in strength as the current increases. Magnetic fields are measured in units of gauss (G) or tesla (T). Most electrical equipment has to be turned on, i.e., current must be flowing, for a magnetic field to be produced. Electric fields are often present even when the equipment is switched off, as long as it remains connected to the source of electric power. Brief bursts of EMF (sometimes called "transients") can also occur when electrical devices are turned on or off. Electric fields are shielded or weakened by materials that conduct electricity-- even materials that conduct poorly, including trees, buildings, and human skin. **Click Here to See Large Image** Voltage produces an electric field and current produces a magnetic field. **Click Here to See Large Image** An appliance that is plugged in and therefore connected to a source of electricity has an electric field even when the appliance is turned off. To produce a magnetic field, the appliance must be plugged in and turned on so that the current is flowing. **Click Here to See Large Image** You cannot see a magnetic field, but this illustration Q How is the term EMF used in this booklet? A The term "EMF" usually refers to electric and magnetic fields at extremely low frequencies such as those associated with the use of electric power. The term EMF can be used in a much broader sense as well, encompassing electromagnetic fields with low or high frequencies. Measuring EMF: Common Terms Electric fields: Electric field strength is measured in volts per meter (V/m) or in kilovolts per meter (kV/m). 1 kV = 1000 V Magnetic fields: Magnetic fields are measured in units of gauss (G) or tesla (T). Gauss is the unit most commonly used in the United States. Tesla is the internationally accepted scientific term. 1 T = 10,000 G Since most environmental EMF exposures involve magnetic fields that are only a fraction of a tesla or a gauss, these are commonly measured in units of microtesla (µT) or milligauss (mG). A milligauss is 1/1,000 of a gauss. A microtesla is 1/1,000,000 of a tesla. 1 G = 1,000 mG; 1 T = 1,000,000 µT To convert a measurement from microtesla (µT) to milligauss (mG), multiply by 10. 1 µT = 10 mG; 0.1 µT = 1 mG When we use EMF in this booklet, we mean extremely low frequency (ELF) electric and magnetic fields, ranging from 3 to 3,000 Hz (see page 8). This range includes power-frequency (50 or 60 Hz) fields. In the ELF range, electric and magnetic fields are not coupled or interrelated in the same way that they are at higher frequencies. So, it is more useful to refer to them as "electric and magnetic fields" rather than "electromagnetic fields." In the popular press, however, you will see both terms used, abbreviated as EMF. This booklet focuses on extremely low frequency EMF, primarily power- frequency fields of 50 or 60 Hz, produced by the generation, transmission, and use of electricity. Q How are power-frequency EMF different from other types of electromagnetic energy? A X-rays, visible light, microwaves, radio waves, and EMF are all forms of electromagnetic energy. One property that distinguishes different forms of electromagnetic energy is the frequency, expressed in hertz (Hz). Power- frequency EMF, 50 or 60 Hz, carries very little energy, has no ionizing effects, and usually has no thermal effects. Just as various chemicals affect our bodies in different ways, various forms of electromagnetic energy can have very different biological effects. Some types of equipment or operations simultaneously produce electromagnetic energy of different frequencies. Welding operations, for example, can produce electromagnetic energy in the ultraviolet, visible, infrared, and radio-frequency ranges, in addition to power-frequency EMF. Microwave ovens produce 60-Hz fields of several hundred milligauss, but they also create microwave energy inside the oven that is at a much higher frequency (about 2.45 billion Hz). We are shielded from the higher frequency fields inside the oven by its casing, but we are not shielded from the 60-Hz fields. Cellular telephones communicate by emitting high-frequency electric and magnetic fields similar to those used for radio and television broadcasts. These radio-frequency and microwave fields are quite different from the extremely low frequency EMF produced by power lines and most appliances. Q How are alternating current sources of EMF different from direct current sources? A Some equipment can run on either alternating current (AC) or direct current (DC). In most parts of the United States, if the equipment is plugged into a household wall socket, it is using AC electric current that reverses direction in the electrical wiring--or alternates--60 times per second, or at 60 hertz (Hz). If the equipment uses batteries, then electric current flows in one direction only. This produces a "static" or stationary magnetic field, also called a direct current field. Some battery-operated equipment can produce time -varying magnetic fields as part of its normal operation. **Click Here to See Large Image** The wavy line at the right illustrates the concept that the higher the frequency, the more rapidly the field varies. The fields do not vary at 0 Hz (direct current) and vary trillions of times per second near the top of the spectrum. Note that 104 means 10 x 10 x 10 x 10 or 10,000 Hz. 1 kilohertz (kHz) = 1,000 Hz. 1 megahertz (MHz) = 1,000,000 Hz Q What happens when I am exposed to EMF? A In most practical situations, DC electric power does not induce electric currents in humans. Strong DC magnetic fields are present in some industrial environments, can induce significant currents when a person moves, and may be of concern for other reasons, such as potential effects on implanted medical devices. AC electric power produces electric and magnetic fields that create weak electric currents in humans. These are called "induced currents." Much of the research on how EMF may affect human health has focused on AC-induced currents. Electric fields A person standing directly under a high-voltage transmission line may feel a mild shock when touching something that conducts electricity. These sensations are caused by the strong electric fields from the high-voltage electricity in the lines. They occur only at close range because the electric fields rapidly become weaker as the distance from the line increases. Electric fields may be shielded and further weakened by buildings, trees, and other objects that conduct electricity. Magnetic fields Alternating magnetic fields produced by AC electricity can induce the flow of weak electric currents in the body. However, such currents are estimated to be smaller than the measured electric currents produced naturally by the brain, nerves, and heart. Q Doesn't the earth produce EMF? A Yes. The earth produces EMF, mainly in the form of static fields, similar to the fields generated by DC electricity. Electric fields are produced by air turbulence and other atmospheric activity. The earth's magnetic field of about 500 mG is thought to be produced by electric currents flowing deep within the earth's core. Because these fields are static rather than alternating, they do not induce currents in stationary objects as do fields associated with alternating current. Such static fields can induce currents in moving and rotating objects. The wavy line at the right illustrates the concept that the higher the frequency, the more rapidly the field varies. The fields do not vary at 0 Hz (direct current) and vary trillions of times per second near the top of the spectrum. Note that 104 means 10 x 10 x 10 x 10 or 10,000 Hz. 1 kilohertz (kHz) = 1,000 Hz. 1 megahertz (MHz) = 1,000,000 Hz. You cannot see a magnetic field, but this illustration represents how the strength of the magnetic field can diminish just 1-2 feet (30-61 centimeters) from the source. This magnetic field is a 60-Hz power-frequency field. On to Evaluating Potential Health Effects EMF Questions & Answers Home | Introduction | EMF Basics | Evaluating Potential Health Effects | Results of EMF Research | Your EMF Environment | EMF Exposure Standards | National and International EMF Reviews | References EMFRAPID Home | NIEHS Home For More Information About EMF: Web Center 2 Evaluating Potential Health Effects This chapter explains how scientific studies are conducted and evaluated to assess potential health effects. · How do we evaluate whether EMF exposures cause health effects? · How do we evaluate the results of epidemiological studies of EMF? · How do we characterize EMF exposure? · What is the average field strength? · How is EMF exposure measured in epidemiological studies? Q How do we evaluate whether EMF exposures cause health effects? A Animal experiments, laboratory studies of cells, clinical studies, computer simulations, and human population (epidemiological) studies all provide valuable information. When evaluating evidence that certain exposures cause disease, scientists consider results from studies in various disciplines.No single study or type of study is definitive. Laboratory studies Laboratory studies with cells and animals can provide evidence to help determine if an agent such as EMF causes disease. Cellular studies can increase our understanding of the biological mechanisms by which disease occurs. Experiments with animals provide a means to observe effects of specific agents under carefully controlled conditions. Neither cellular nor animal studies, however, can recreate the complex nature of the whole human organism and its environment. Therefore, we must use caution in applying the results of cellular or animal studies directly to humans or concludi ng that a lack of an effect in laboratory studies proves that an agent is safe. Even with these limitations, cellular and animal studies have proven very useful over the years for identifying and understanding the toxicity of numerous chemicals and physical agents. Very specific laboratory conditions are needed for researchers to be able to detect EMF effects, and experimental exposures are not easily comparable to human exposures. In most cases, it is not clear how EMF actually produces the effects observed in some experiments. Without understanding how the effects occur, it is difficult to evaluate how laboratory results relate to human health effects. Some laboratory studies have reported that EMF exposure can produce biological effects, including changes in functions of cells and tissues and subtle changes in hormone levels in animals. It is important to distinguish between a biological effect and a health effect. Many biological effects are within the normal range of variation and are not necessarily harmful. For example, bright light has a biological effect on our eyes, causing the pupils to constrict, which is a normal response. Laboratory studies and human studies provide pieces of the puzzle, but no single study can give us the whole picture. Clinical Studies In clinical studies, researchers use sensitive instruments to monitor human physiology during controlled exposure to environmental agents. In EMF studies, volunteers are exposed to electric or magnetic fields at higher levels than those commonly encountered in everyday life. Researchers measure heart rate, brain activity, hormonal levels, and other factors in exposed and unexposed groups to look for differences resulting from EMF exposure. Epidemiology A valuable tool to identify human health risks is to study a human population that has experienced the exposure. This type of research is called epidemiology. The epidemiologist observes and compares groups of people who have had or have not had certain diseases and exposures to see if the risk of disease is different between the exposed and unexposed groups. The epidemiologist does not control the exposure and cannot experimentally control all the factors that might affect the risk of disease. Most researchers agree that epidemiology - the study of patterns and possible causes of diseases - is one of the most valuable tools to identify human health risks. Q How do we evaluate the results of epidemiological studies of EMF? A Many factors need to be considered when determining whether an agent causes disease. An exposure that an epidemiological study associates with increased risk of a certain disease is not always the actual cause of the disease. To judge whether an agent actually causes a health effect, several issues are considered. Strength of Association The stronger the association between an exposure and disease, the more confident we can be that the disease is due to the exposure being studied. With cigarette smoking and lung cancer, the association is very strong--20 times the normal risk. In the studies that suggest a relationship between EMF and certain rare cancers, the association is much weaker. Dose-response Epidemiological data are more convincing if disease rates increase as exposure levels increase. Such dose-response relationships have appeared in only a few EMF studies. Consistency Consistency requires that an association found in one study appears in other studies involving different study populations and methods. Associations found consistently are more likely to be causal. With regard to EMF, results from different studies sometimes disagree in important ways, such as what type of cancer is associated with EMF exposure. Because of this inconsistency, scientists cannot be sure whether the increased risks are due to EMF or other factors. Biological Plausibility When associations are weak in an epidemiological study, results of laboratory studies are even more important to support the association. Many scientists remain skeptical about an association between EMF exposure and cancer because laboratory studies thus far have not shown any consistent evidence of adverse health effects, nor have results of experimental studies revealed a plausible biological explanation for such an association. Reliability of Exposure Information Another important consideration with EMF epidemiological studies is how the exposure information was obtained. Did the researchers simply estimate people's EMF exposures based on their job titles or how their houses were wired, or did they actually conduct EMF measurements? What did they measure (electric fields, magnetic fields, or both)? How often were the EMF measurements made and at what time? In how many different places were the fields measured? More recent studies have included measurements of magnetic field exposure. Magnetic fields measured at the time a study is conducted can only estimate exposures that occurred in previous years (at the time a disease process may have begun). Lack of comprehensive exposure information makes it more difficult to interpret the results of a study, particularly considering that everyone in the industrialized world has been exposed to EMF. Confounding Epidemiological studies show relationships or correlations between disease and other factors such as diet, environmental conditions, and heredity. When a disease is correlated with some factor, it does not necessarily mean that the correlated factor causes the disease. It could mean that the factor occurs together with some other factor, not measured in the study, that actually causes the disease. This is called confounding. For example, a study might show that alcohol consumption is correlated with lung cancer. This could occur if the study group consists of people who drink and also smoke tobacco, as often happens. In this example, alcohol use is correlated with lung cancer, but cigarette smoking is a confounding factor and the true cause of the disease. Statistical Significance Researchers use statistical methods to determine the likelihood that the association between exposure and disease is due simply to chance. For a result to be considered "statistically significant," the association must be stronger than would be expected to occur by chance alone. Meta-analysis One way researchers try to get more information from epidemiological studies is to conduct a meta-analysis. A meta-analysis combines the summary statistics of many studies to explore their differences and, if appropriate, calculates an overall summary risk estimate. The main challenge faced by researchers performing meta-analyses is that populations, measurements, evaluation techniques, participation rates, and potential confounding factors vary in the original studies. These differences in the studies make it difficult to combine the results in a meaningful way. Pooled Analysis Pooled analysis combines the original data from several studies and conducts a new analysis on the primary data. It requires access to the original data from individual studies and can only include diseases or factors included in all the studies, but it has the advantage that the same parameters can be applied to all studies. As with meta-analysis, pooled analysis is still subject to the limitations of the experimental design of the original studies (for example, evaluation techniques, participation rates, etc.). Pooled analysis differs from meta-analysis, which combines the summary statistics from different studies, not their original data. Q How do we characterize EMF exposure? A No one knows which aspect of EMF exposure, if any, affects human health. Because of this uncertainty, in addition to the field strength, we must ask how long an exposure lasts, how it varies, and at what time of day or night it occurs. House wiring, for example, is often a significant source of EMF exposure for an individual, but the magnetic fields produced by the wiring depend on the amount of current flowing. As heating, lighting, and appliance use varies during the day, magnetic field exposure will also vary. For many studies, researchers describe EMF exposures by estimating the average field strength. Some scientists believe that average exposure may not be the best measurement of EMF exposure and that other parameters, such as peak exposure or time of exposure, may be important. Q What is the average field strength? A In EMF studies, the information reported most often has been a person's EMF exposure averaged over time (average field strength). With cancer-causing chemicals, a person's average exposure over many years can be a good way to predict his or her chances of getting the disease. There are different ways to calculate average magnetic field exposures. One method involves having a person wear a small monitor that takes many measurements over a work shift, a day, or longer. Then the average of those measurements is calculated. Another method involves placing a monitor that takes many measurements in a residence over a 24-hour or 48-hour period. Sometimes averages are calculated for people with the same occupation, people working in similar environments, or people using several brands of the same type or similar types of equipment. Q How is EMF exposure measured in epidemiological studies? A Epidemiologists study patterns and possible causes of diseases in human populations. These studies are usually observational rather than experimental. This means that the researcher observes and compares groups of people who have had certain diseases and exposures and looks for possible "associations." The epidemiologist must find a way to estimate the exposure that people had at an earlier time. Association In epidemiology, a positive association between an exposure (such as EMF) and a disease is not necessarily proof that the exposure caused the disease. However, the more often the exposure and disease occur together, the stronger the association, and the stronger is the possibility that the exposure may increase the risk of the disease. Some exposure estimates for residential studies have been based on designation of households in terms of "wire codes." In other studies, measurements have been made in homes, assuming that EMF levels at the time of the measurement are similar to levels at some time in the past. Some studies involved "spot measurements." Exposure levels change as a person moves around in his or her environment, so spot measurements taken at specific locations only approximate the complex variations in exposure a person experiences. Other studies measured magnetic fields over a 24-hour or 48-hour period. Exposure levels for some occupational studies are measured by having certain employees wear personal monitors. The data taken from these monitors are sometimes used to estimate typical exposure levels for employees with certain job titles. Researchers can then estimate exposures using only an employee's job title and avoid measuring exposures of all employees. Methods to Estimate EMF Exposure Wire Codes - A classification of homes based on characteristics of power lines outside the home (thickness of the wires, wire configuration, etc.) and their distance from the home. This information is used to code the homes into groups with higher and lower predicted magnetic field levels. Spot Measurement - An instantaneous or very short-term (e.g., 30-second) measurement taken at a designated location. Time-Weighted Average - A weighted average of exposure measurements taken over a period of time that takes into account the time interval between measurements. When the measurements are taken with a monitor at a fixed sampling rate, the time-weighted average equals the arithmetic mean of the measurements. Personal Monitor - An instrument that can be worn on the body for measuring exposure over time. Calculated Historical Fields - An estimate based on a theoretical calculation of the magnetic field emitted by power lines using historical electrical loads on those lines. On to Results of EMF Research EMF Questions & Answers Home | Introduction | EMF Basics | Evaluating Potential Health Effects | Results of EMF Research | Your EMF Environment | EMF Exposure Standards | National and International EMF Reviews | References EMFRAPID Home | NIEHS Home For More Information About EMF: Web Center 3 Results of EMF Research This chapter summarizes the results of EMF research worldwide, including epidemiological studies of children and adults, clinical studies of how humans react to typical EMF exposures, and laboratory research with animals and cells. · Is there a link between EMF exposure and childhood leukemia? · What is the epidemiological evidence for evaluating a link between EMF exposure and childhood leukemia? · Is there a link between EMF exposure and childhood brain cancer or other forms of cancer in children? · Is there a link between residential EMF exposure and cancer in adults? · Have clusters of cancer or other adverse health effects been linked to EMF exposure? · If EMF does cause or promote cancer, shouldn’t cancer rates have increased along with the increased use of electricity? · Is there a link between EMF exposure in electrical occupations and cancer? · Have studies of workers in other industries suggested a link between EMF exposure and cancer? · Is there a link between EMF exposure and breast cancer? · What have we learned from clinical studies? · What effects of EMF have been reported in laboratory studies of cells? · Have effects of EMF been reported in laboratory studies in animals? · Can EMF exposure damage DNA? Q Is there a link between EMF exposure and childhood leukemia? A Despite more than two decades of research to determine whether elevated EMF exposure, principally to magnetic fields, is related to an increased risk of childhood leukemia, there is still no definitive answer. Much progress has been made, however, with some lines of research leading to reasonably clear answers and others remaining unresolved. The best available evidence at this time leads to the following answers to specific questions about the link between EMF exposure and childhood leukemia: · Is there an association between power line configurations (wire codes) and childhood leukemia? No. · Is there an association between measured fields and childhood leukemia? Yes, but the association is weak, and it is not clear whether it represents a cause-and-effect relationship. Q What is the epidemiological evidence for evaluating a link between EMF exposure and childhood leukemia? A The initial studies, starting with the pioneering research of Dr. Nancy Wertheimer and Ed Leeper in 1979 in Denver, Colorado, focused on power line configurations near homes. Power lines were systematically evaluated and coded for their presumed ability to produce elevated magnetic fields in homes and classified into groups with higher and lower predicted magnetic field levels. Although the first study and two that followed in Denver and Los Angeles showed an association between wire codes indicative of elevated magnetic fields and childhood leukemia, larger, more recent studies in the central part of the United States and in several provinces of Canada did not find such an association. In fact, combining the evidence from all the studies, we can conclude with some confidence that wire codes are not associated with a measurable increase in the risk of childhood leukemia. The other approach to assessing EMF exposure in homes focused on the measurements of magnetic fields. Unlike wire codes, which are only applicable in North America due to the nature of the electric power distribution system, measured fields have been studied in relation to childhood leukemia in research conducted around the world, including Sweden, England, Germany, New Zealand, and Taiwan. Large, detailed studies have recently been completed in the United States, Canada, and the United Kingdom that provide the most evidence for making an evaluation. These studies have produced variable findings, some reporting small associations, others finding no associations. National Cancer Institute Study In 1997, after eight years of work, Dr. Martha Linet and colleagues at the National Cancer Institute (NCI) reported the results of their study of childhood acute lymphoblastic leukemia (ALL). The case-control study involved more than 1,000 children living in 9 eastern and midwestern U.S. states and is the largest epidemiological study of childhood leukemia to date in the United States. To help resolve the question of wire code versus measured magnetic fields, the NCI researchers carried out both types of exposure assessment. Overall, Linet reported little evidence that living in homes with higher measured magnetic-field levels was a disease risk and found no evidence that living in a home with a high wire code configuration increased the risk of ALL in children. United Kingdom Childhood Cancer Study In December 1999, Sir Richard Doll and colleagues in the United Kingdom announced that the largest study of childhood cancer ever undertaken-involving nearly 4,000 children with cancer in England, Wales, and Scotland-found no evidence of excess risk of childhood leukemia or other cancers from exposure to power-frequency magnetic fields. It should be noted, however, that because most power lines in the United Kingdom are underground, the EMF exposures of these children were mostly lower than 0.2 microtesla or 2 milligauss. After reviewing all the data, the U.S. National Institute of Environmental Health Sciences (NIEHS) concluded in 1999 that the evidence was weak, but that it was still sufficient to warrant limited concern. The NIEHS rationale was that no individual epidemi ological study provided convincing evidence linking magnetic field exposure with childhood leukemia, but the overall pattern of results for some methods of measuring exposure suggested a weak association between increasing exposure to EMF and increasing risk of childhood leukemia. The small number of cases in these studies made it impossible to firmly demonstrate this association. However, the fact that similar results had been observed in studies of different populations using a variety of study designs supported this observation. A major challenge has been to determine whether the most highly elevated, but rarely encountered, levels of magnetic fields are associated with an increased risk of leukemia. Early reports focused on the risk associated with exposures above 2 or 3 milligauss, but the more recent studies have been large enough to also provide some information on levels above 3 or 4 milligauss. It is estimated that 4.5% of homes in the United States have magnetic fields above 3 milligauss, and 2.5% of homes have levels above 4 milligauss. What is Cancer? Cancer "Cancer" is a term used to describe at least 200 different diseases, all involving uncontrolled cell growth. The frequency of cancer is measured by the incidence-the number of new cases diagnosed each year. Incidence is usually described as the number of new cases diagnosed per 100,000 people per year. The incidence of cancer in adults in the United States is 382 per 100,000 per year, and childhood cancers account for about 1% of all cancers. The factors that influence risk differ among the forms of cancer. Known risk factors such as smoking, diet, and alcohol contribute to specific types of cancer. (For example, smoking is a known risk factor for lung cancer, bladder cancer, and oral cancer.) For many other cancers, the causes are unknown. Leukemia Leukemia describes a variety of cancers that arise in the bone marrow where blood cells are formed. The leukemias represent less than 4% of all cancer cases in adults but are the most common form of cancer in children. For children age 4 and under, the incidence of childhood leukemia is approximately 6 per 100,000 per year, and it decreases with age to about 2 per 100,000 per year for children 10 and older. In the United States, the incidence of adult leukemia is about 10 cases per 100,000 people per year. Little is known about what causes leukemia, although genetic factors play a role. The only known causes are ionizing radiation, benzene, and other chemicals and drugs that suppress bone marrow function, and a human T-cell leukemia virus. Brain Cancer Cancer of the central nervous system (the brain and spinal cord) is uncommon, with incidence in the United States now at about 6 cases in 100,000 people per year. The causes of the disease are largely unknown, although a number of studies have reported an association with certain occupational chemical exposures. Ionizing radiation to the scalp is a known risk factor for brain cancer. Factors associated with an increased risk for other types of cancer-such as smoking, diet, and excessive alcohol use-have not been found to be associated with brain cancer. To determine what the integrated information from all the studies says about magnetic fields and childhood leukemia, two groups have conducted pooled analyses in which the original data from relevant studies were integrated and analyzed. One report (Greenland et al., 2000) combined 12 relevant studies with magnetic field measurements, and the other considered 9 such studies (Ahlbom et al., 2000). The details of the two pooled analyses are different, but their findings are similar. There is weak evidence for an association (relative risk of approximately 2) at exposures above 3 mG. However, few individuals had high exposures in these studies; therefore, even combining all studies, there is uncertainty about the strength of the association. The following table summarizes the results for the epidemiological studies of EMF exposure and childhood leukemia analyzed in the pooled analysis by Greenland et al. (2000). The focus of the summary review was the magnetic fields that occurred three months prior to diagnosis. The results were derived from either calculated historical fields or multiple measurements of magnetic fields. The North American studies (Linet, London, McBride, Savitz) were 60 Hz; all other studies were 50 Hz. Results from the recent study from the United Kingdom are also included in the table. This study was included in the analysis by Ahlbom et al. (2000). The relative risk estimates from the individual studies show little or no association of magnetic fields with childhood leukemia. The study summary for the pooled analysis by Greenland et al. (2000) shows a weak association between childhood leukemia and magnetic field exposures greater 3 mG. Residential Exposure to Magnetic Fields and Childhood Leukemia Magnetic field category (mG) >1 -<2 mG >2 -<3 mG >3 mG First author Coghill Dockerty Feychting Linet London McBride Michaelis Olsen Savitz Tomenius Tynes Verkasalo Estimate 0.54 0.65 0.63 1.07 0.96 0.89 1.45 0.67 1.61 0.57 1.06 1.11 95% CL 0.17, 1.74 0.26, 1.63 0.08, 4.77 0.82, 1.39 0.54, 1.73 0.62, 1.29 0.78, 2.72 0.07, 6.42 0.64, 4.11 0.33, 0.99 0.25, 4.53 0.14, 9.07 Estimate No controls 2.83 0.90 1.01 0.75 1.27 1.06 No cases 1.29 0.88 No cases No cases 95% CL No controls 0.29, 27.9 0.12, 7.00 0.64, 1.59 0.22, 2.53 0.74, 2.20 0.27, 4.16 No cases 0.27, 6.26 0.33, 2.36 No cases No cases Estimate No controls No controls 4.44 1.51 1.53 1.42 2.48 2.00 3.87 1.41 No cases 2.00 95% CL No controls No controls 1.67, 11.7 0.92, 2.49 0.67, 3.50 0.63, 3.21 0.79, 7.81 0.40, 9.93 0.87, 17.3 0.38, 5.29 No cases 0.23, 17.7 Study summary 0.95 0.80, 1.12 1.06 0.79, 1.42 1.69* 1.25, 2.29 1 - <2 mG 2 - <4 mG >4 mG **United Kingdom 0.84 0.57, 1.24 0.98 0.50, 1.93 1.00 0.30, 3.37 95% CL = 95% confidence limits. Source: Greenland et al., 2000. * Mantel -Haenszel analysis (p = 0.01). Maximum-likelihood summaries differed by less than 1% from these summaries; based on 2,656 cases and 7,084 controls. Adjusting for age, sex, and other variables had little effect on summary results **These data are from a recent United Kingdom study not included in the Greenland analysis but included in another pooled analysis (Ahlbom et al. 2000). The United Kingdom study included 1,073 cases and 2,224 controls. For this table, the column headed "estimate" describes the relative risk. Relative risk is the ratio of the risk of childhood leukemia for those in a magnetic field exposure group compared to persons with exposure levels of 1.0 mG or less. For example, Coghill estimated that children with exposures between 1 and 2 mG have 0.54 times the risk of children whose exposures were less than 1 mG. London's study estimates that children whose exposures were greater than 3 mG have 1.53 times the risk of children whose exposures were less than 1 mG. The column headed "95% CL" (confidence limits) describes how much random variation is in the estimate of relative risk. The estimate may be off by some amount due to random variation, and the width of the confidence limits gives some notion of that variation. For example, in Coghill's estimate of 0.54 for the relative risk, values as low as 0.17 or as high as 1.74 would not be statistically significantly different from the value of 0.54. Note there is a wide range of estimates of relative risk across the studies and wide confidence limits for many studies. In light of these findings, the pooling of results can be extremely helpful to calculate an overall estimate, much better than can be obtained from any study taken alone. Q Is there a link between EMF exposure and childhood brain cancer or other forms of cancer in children? A Although the earliest studies suggested an association between EMF exposure and all forms of childhood cancer, those initial findings have not been confirmed by other studies. At present, the available series of studies indicates no association between EMF exposure and childhood cancers other than leukemia. Far fewer of these studies have been conducted than studies of childhood leukemia. Q Is there a link between residential EMF exposure and cancer in adults? A The few studies that have been conducted to address EMF and adult cancer do not provide strong evidence for an association. Thus, a link has not been established between residential EMF exposure and adult cancers, including leukemia, brain cancer, and breast cancer (see table below). Residential Exposure to Magnetic Fields and Adult Cancer Results (odds ratios) First author Location Type of exposure data Leuke mia CNS tumors All cance rs Coleman Feychting and Ahlbom Li Li McDowall Severson Wrensch Youngson United Kingdom Sweden Taiwan Taiwan United Kingdom Seattle, US San Francisco, US United Kingdom Calculated historical fields Calculated & spot measure ments Calculated historical fields Calculated historical fields Calculated historical fields Wire codes & spot measurements Wire codes & spot measurements Calculated historical fields 0.92 1.5* 1.4* 1.43 0.75 NA 1.88 NA 0.7 1.1 1.1 (breast can cer) NA NA 0.9 NA NA NA NA 1.03 NA NA NA CNS = central nervous system. *The number is statistically significant (greater than expected by chance). Study results are listed as "odds ratios" (OR). An odds ratio of 1.00 means there was no increase or decrease in risk. In other words, the odds that the people in the study who had the disease (in this case, cancer) and were exposed to a particular agent (in this case, EMF) are the same as for the people in the study who did not have the disease. An odds ratio greater than 1 may occur simply by chance, unless it is statistically significant. Q Have clusters of cancer or other adverse health effects been linked to EMF exposure? A An unusually large number of cancers, miscarriages, or other adverse health effects that occur in one area or over one period of time is called a "cluster." Sometimes clusters provide an early warning of a health hazard. But most of the time the reason for the cluster is not known. There have been no proven instances of cancer clusters linked with EMF exposure. The definition of a “cluster” depends on how large an area is included. Cancer cases (x’s in illustration) in a city, neighborhood, or workplace may occur in ways that suggest a cluster due to a common environmental cause. Often these patterns turn out to be due to chance. Delineation of a cluster is subjective—where do you draw the circles? Q If EMF does cause or promote cancer, shouldn't cancer rates have increased along with the increased use of electricity? A Not necessarily. Although the use of electricity has increased greatly over the years, EMF exposures may not have increased. Changes in building wiring codes and in the design of electrical appliances have in some cases resulted in lower magnetic field levels. Rates for various types of cancer have shown both increases and decreases through the years, due in part to improved prevention, diagnosis, reporting, and treatment. Q Is there a link between EMF exposure in electrical occupations and cancer? A For almost as long as we have been concerned with residential exposure to EMF and childhood cancers, researchers have been studying workplace exposure to EMF and adult cancers, focusing on leukemia and brain cancer. This research began with surveys of job titles and cancer risks, but has progressed to include very large, detailed studies of the health of workers, especially electric utility workers, in the United States, Canada, France, England, and several Northern European countries. Some studies have found evidence that suggests a link between EMF exposure and both leukemia and brain cancer, whereas other studies of similar size and quality have not found such associations. · California - A 1993 study of 36,000 California electric utility workers reported no strong, consistent evidence of an association between magnetic fields and any type of cancer. · Canada/France - A 1994 study of more than 200,000 utility workers in 3 utility companies in Canada and France reported no significant association between all leukemias combined and cumulative exposure to magnetic fields. There was a slight, but not statistically significant, increase in brain cancer. The researchers concluded that the study did not provide clear-cut evidence that magnetic field exposures caused leukemia or brain cancer. · North Carolina - Results of a 1995 study involving more than 138,000 utility workers at 5 electric utilities in the United States did not support an association between occupational magnetic field exposure and leukemia, but suggested a link to brain cancer. · Denmark - In 1997 a study of workers employed in all Danish utility companies reported a small, but statistically significant, excess risk for all cancers combined and for lung cancer. No excess risk was observed for leukemia, brain cancers, or breast cancer. · United Kingdom - A 1997 study among electrical workers in the United Kingdom did not find an excess risk for brain cancer. An extension of this work reported in 2001 also found no increased risk for brain cancer. Efforts have also been made to pool the findings across several of the above studies to produce more accurate estimates of the association between EMF and cancer (Kheifets et al., 1999). The combined summary statistics across studies provide insufficient evidence for an association between EMF exposure in the workplace and either leukemia or brain cancer. Q Have studies of workers in other industries suggested a link between EMF exposure and cancer? A One of the largest studies to report an association between cancer and magnetic field exposure in a broad range of industries was conducted in Sweden (1993). The study included an assessment of EMF exposure in 1,015 different workplaces and involved more than 1,600 people in 169 different occupations. An association was reported between estimated EMF exposure and increased risk for chronic lymphocytic leukemia. An association was also reported between exposure to magnetic fields and brain cancer, but there was no dose-response relationship. Another Swedish study (1994) found an excess risk of lymphocytic leukemia among railway engine drivers and conductors. However, the total cancer incidence (all tumors included) for this group of workers was lower than in the general Swedish population. A study of Norwegian railway workers found no evidence for an association between EMF exposure and leukemia or brain cancer. Although both positive and negative effects of EMF exposure have been reported, the majority of studies show no effects. Q Is there a link between EMF exposure and breast cancer? A Researchers have been interested in the possibility that EMF exposure might cause breast cancer, in part because breast cancer is such a common disease in adult women. Early studies identified a few electrical workers with male breast cancer, a very rare disease. A link between EMF exposure and alterations in the hormone melatonin was considered a possible hypothesis. This idea provided motivation to conduct research addressing a possible link between EMF exposure and breast cancer. Overall, the published epidemiological studies have not shown such an association. Q What have we learned from clinical studies? A Laboratory studies with human volunteers have attempted to answer questions such as, · Does EMF exposure alter normal brain and heart function? · Does EMF exposure at night affect sleep patterns? · Does EMF exposure affect the immune system? · Does EMF exposure affect hormones? The following kinds of biological effects have been reported. Keep in mind that a biological effect is simply a measurable change in some biological response. It may or may not have any bearing on health. · Heart rate An inconsistent effect on heart rate by EMF exposure has been reported. When observed, the biological response is small (on average, a slowing of about three to five beats per minute), and the response does not persist once exposure has ended. Two laboratories, one in the United States and one in Australia, have reported effects of EMF on heart rate variability. Exposures used in these experiments were relatively high (about 300 mG), and lower exposures failed to produce the effect. Effects have not been observed consistently in repeated experiments. · Sleep electrophysiology A laboratory report suggested that overnight exposure to 60-Hz magnetic fields may disrupt brain electrical activity (EEG) during night sleep. In this study subjects were exposed to either continuous or intermittent magnetic fields of 283 mG. Individuals exposed to the intermittent magnetic fields showed alterations in traditional EEG sleep parameters indicative of a pattern of poor and disrupted sleep. Several studies have reported no effect with continuous exposure. · Hormones, immune system, and blood chemistry Several clinical studies with human volunteers have evaluated the effects of power-frequency EMF exposure on hormones, the immune system, and blood chemistry. These studies provide little evidence for any consistent effect. · Melatonin The hormone melatonin is secreted mainly at night and primarily by the pineal gland, a small gland attached to the brain. Some laboratory experiments with cells and animals have shown that melatonin can slow the growth of cancer cells, including breast cancer cells. Suppressed nocturnal melatonin levels have been observed in some studies of laboratory animals exposed to both electric and magnetic fields. These observations led to the hypothesis that EMF exposure might reduce melatonin and thereby weaken one of the body's defenses against cancer. Many clinical studies with human volunteers have now examined whether various levels and types of magnetic field exposure affect blood levels of melatonin. Exposure of human volunteers at night to power-frequency EMF under controlled laboratory conditions has no apparent effect on melatonin. Some studies of people exposed to EMF at work or at home do report evidence for a small suppression of melatonin. It is not clear whether the decreases in melatonin reported under environmental conditions are related to the presence of EMF exposure or to other factors. Q What effects of EMF have been reported in laboratory studies of cells? A Over the years, scientists have conducted more than 1,000 laboratory studies to investigate potential biological effects of EMF exposure. Most have been in vitro studies; that is, studies carried out on cells isolated from animals and plants, or on cell components such as cell membranes. Other studies involved animals, mainly rats and mice. In general, these studies do not demonstrate a consistent effect of EMF exposure. Most in vitro studies have used magnetic fields of 1,000 mG (100 µT) or higher, exposures that far exceed daily human exposures. In most incidences, when one laboratory has reported effects of EMF exposure on cells, other laboratories have not been able to reproduce the findings. For such research results to be widely accepted by scientists as valid, they must be replicated--that is, scientists in other laboratories should be able to repeat the experiment and get similar results. Cellular studies have investigated potential EMF effects on cell proliferation and differentiation, gene expression, enzyme activity, melatonin, and DNA. Scientists reviewing the EMF research literature find overall that the cellular studies provide little convincing evidence of EMF effects at environmental levels. Q Have effects of EMF been reported in laboratory studies in animals? A Researchers have published more than 30 detailed reports on both long-term and short-term studies of EMF exposures in laboratory animals (bioassays). Long-term animal bioassays constitute an important group of studies in EMF research. Such studies have a proven record for predicting the carcinogenicity of chemicals, physical agents, and other suspected cancer-causing agents. In the EMF studies, large groups of mice or rats were continuously exposed to EMF for two years or longer and were then evaluated for cancer. The U.S. National Toxicology Program (http://ntp-server.niehs.nih.gov/) has an extensive historical database for hundreds of different chemical and physical agents evaluated using this model. EMF long-term bioassays examined leukemia, brain cancer, and breast cancer--the diseases some epidemiological studies have associated with EMF exposure. Several different approaches have been used to evaluate effects of EMF exposure in animal bioassays. To investigate whether EMF could promote cancer after genetic damage had occurred, some long-term studies used cancer initiators such as ultraviolet light, radiation, or certain chemicals that are known to cause genetic damage. Researchers compared groups of animals treated with cancer initiators to groups treated with cancer initiators and then exposed to EMF, to see if EMF exposure promoted the cancer growth (initiation-promotion model). Other studies tested the cancer promotion potential of EMF using mice that were predisposed to cancer because they had defects in the genes that control cancer. Animal Leukemia Studies: Long-Term, Continuous Exposure Studies, Two or More Years in Length First author Sex/species Exposure/animal numbers Results Babbitt (U.S.) Boorman (U.S.) McCormick (U.S.) Mandeville (Canada Female mice Male and female rats Male and female mic e 14,000 mG, 190 or 380 mice per group. Some groups treated with ionizing radiatio n. 20 to 10,000 mG, 100 per group 20 to 10,000 mG, 100 per group No effec t No effect ) Yasui (Japan) Female rats Male and female rats 20 to 20,000 mG, 50 per group In utero exposure 5,000 to 50,000 mG, 50 per group No effect No effect No effect Leukemia Fifteen animal leukemia studies have been completed and reported. Most tested for effects of exposure to power-frequency (60-Hz) magnetic fields using rodents. Results of these studies were largely negative. The Babbitt study evaluated the subtypes of leukemia. The data provide no support for the reported epidemiology findings of leukemia from EMF exposure. Many scientists feel that the lack of effects seen in these laboratory leukemia studies significantly weakens the case for EMF as a cause of leukemia. Breast Cancer Researchers in the Ukraine, Germany, Sweden, and the United States have used initiation-promotion models to investigate whether EMF exposure promotes breast cancer in rats. The results of these studies are mixed; while the German studies showed some effects, the Swedish and U.S. studies showed none. Studies in Germany reported effects on the numbers of tumors and tumor volume. A National Toxicology Program long-term bioassay performed without the use of other cancer-initiating substances showed no effects of EMF exposure on the development of mammary tumors in rats and mice. The explanation for the observed difference among these studies is not readily apparent. Within the limits of the experimental rodent model of mammary carcinogenesis, no conclusions are possible regarding a promoting effect of EMF on chemically induced mammary cancer. Other Cancers Tests of EMF effects on skin cancer, liver cancer, and brain cancer have been conducted using both initiation-promotion models and non-initiated long-term bioassays. All are negative. Three positive studies were reported for a co-promotion model of skin cancer in mice. The mice were exposed to EMF plus cancer-causing chemicals after cancers had already been initiated. The same research team as well as an independent laboratory were unable to reproduce these results in subsequent experiments. Non-cancer Effects Many animal studies have investigated whether EMF can cause health problems other than cancer. Researchers have examined many endpoints, including birth defects, immune system function, reproduction, behavior, and learning. Overall, animal studies do not support EMF effects on non-cancer endpoints. Q Can EMF exposure damage DNA? A Studies have attempted to determine whether EMF has genotoxic potential; that is, whether EMF exposure can alter the genetic material of living organisms. This question is important because genotoxic agents often also cause cancer or birth defects. Studies of genotoxicity have included tests on bacteria, fruit flies, and some tests on rats and mice. Nearly 100 studies on EMF genotoxicity have been reported. Most evidence suggests that EMF exposure is not genotoxic. Based on experiments with cells, some researchers have suggested that EMF exposure may inhibit the cell's ability to repair normal DNA damage, but this idea remains speculative because of the lack of genotoxicity observed in EMF animal studies. On to Your EMF Environment EMF Questions & Answers Home | Introduction | EMF Basics | Evaluating Potential Health Effects | Results of EMF Research | Your EMF Environment | EMF Exposure Standards | National and International EMF Reviews | References EMFRAPID Home | NIEHS Home For More Information About EMF: Web Center 4 Your EMF Environment Part 2 This chapter discusses typical magnetic field exposures in home and work environments and identifies common EMF sources and field intensities associated with these sources. · How do we define EMF exposure? · How is EMF exposure measured? · What are some typical EMF exposures? · What are typical EMF exposures for people living in the United States? · What levels of EMF are found in common environments? · What EMF field levels are encountered in the home? · What are EMF levels close to electrical appliances? · What EMF levels are found near power lines? · How strong is the EMF from electric power substations? · Do electrical workers have higher EMF exposure than other workers? · What are possible EMF exposures in the workplace? · What are some typical sources of EMF in the workplace? · What EMF exposure occurs during travel? · How can I find out how strong the EMF is where I live and work? · How much do computers contribute to my EMF exposure? · What can be done to limit EMF exposure? Q What EMF levels are found near power lines? A Power transmission lines bring power from a generating station to an electrical substation. Power distribution lines bring power from the substation to your home. Transmission and distribution lines can be either overhead or underground. Overhead lines produce both electric fields and magnetic fields. Underground lines do not produce electric fields above ground but may produce magnetic fields above ground. Power transmission lines Typical EMF levels for transmission lines are shown in the chart on page 37. At a distance of 300 feet and at times of average electricity demand, the magnetic fields from many lines can be similar to typical background levels found in most homes. The distance at which the magnetic field from the line becomes indistinguishable from typical background levels differs for different types of lines. Power Distribution Lines Typical voltage for power distribution lines in North America ranges from 4 to 24 kilovolts (kV). Electric field levels directly beneath overhead distribution lines may vary from a few volts per meter to 100 or 200 volts per meter. Magneti c fields directly beneath overhead distribution lines typically range from 10 to 20 mG for main feeders and less than 10 mG for laterals. Such levels are also typical directly above underground lines. Peak EMF levels, however, can vary considerably depending on the amount of current carried by the line. Peak magnetic field levels as high as 70 mG have been measured directly below overhead distribution lines and as high as 40 mG above underground lines. Q How strong is the EMF from electric power substations? A In general, the strongest EMF around the outside of a substation comes from the power lines entering and leaving the substation. The strength of the EMF from equipment within the substations, such as transformers, reactors, and capacitor banks, decreases rapidly with increasing distance. Beyond the substation fence or wall, the EMF produced by the substation equipment is typically indistinguishable from background levels. Q Do electrical workers have higher EMF exposure than other workers? A Most of the information we have about occupational EMF exposure comes from studies of electric utility workers. It is therefore difficult to compare electrical workers' EMF exposures with those of other workers because there is less information about EMF exposures in work environments other than electric utilities. Early studies did not include actual measurements of EMF exposure on the job but used job titles as an estimate of EMF exposure among electrical workers. Recent studies, however, have included extensive EMF exposure assessments. A report published in 1994 provides some information about estimated EMF exposures of workers in Los Angeles in a number of electrical jobs in electric utilities and other industries. Electrical workers had higher average EMF exposures (9.6 mG) than did workers in other jobs (1.7 mG). For this study, the category "electrical workers" included electrical engineering technicians, electrical engineers, electricians, power line workers, power station operators, telephone line workers, TV repairers, and welders. ****Click Here to See Large Image**** Q What are possible EMF exposures in the workplace? A The figures below are examples of magnetic field exposures determined with exposure meters worn by four workers in different occupations. These measurements demonstrate how EMF exposures vary among individual workers. They do not necessarily represent typical EMF exposures for workers in these occupations. Magnetic Field Exposures of Workers (mG) The sewing machine operator worked all day, took a 1-hour lunch break at 11:15 am, and took 10-minute breaks at 8:55 am and 2:55 pm. The mechanic repaired a compressor at 9:45 am and 11:10 am. The electrician repaired a large air-conditioning motor at 9:10 am and at 11:45 am. The government worker was at the copy machine at 8:00 am, at the computer from 11:00 am to 1:00 pm and also from 2:30 pm to 4:30 pm. *The geometric mean is calculated by squaring the values, adding the squares, and then taking the square root of the sum. Source: National Institute for Occupational Safety and Health and U.S. Department of Energy. ****Click Here to See Large Image**** The tables below can give you a general idea about magnetic field levels for different jobs and around various kinds of electrical equipment. It is important to remember that EMF levels depend on the actual equipment used in the workplace. Different brands or models of the same type of equipment can have different magnetic field strengths. It is also important to keep in mind that the strength of a magnetic field decreases quickly with distance. EMF Measurements During a Workday ELF magnetic fields measured in mG Industry and occupation Median for occupation* Range for 90% of workers** ELECTRICAL WORKERS IN VARIOUS INDUSTRIES Electrical engineers Construction electricians TV repairers 1.7 3.1 4.3 0.5-12.0 1.6-12.1 0.6-8.6 Welders 9.5 1.4-66.1 ELECTRIC UTILITIES Clerical workers without computers Clerical workers with computers Line workers Electricians Distribution substation operators Workers off the job (home, travel, etc.) 0.5 1.2 2.5 5.4 7.2 0.9 0.2-2.0 0.5-4.5 0.5-34.8 0.8-34.0 1.1-36.2 0.3-3.7 TELECOMMUNICATIONS Install, maintenance, & repair technicians Central office technicians Cable splicers 1.5 2.1 3.2 0.7-3.2 0.5-8.2 0.7-15.0 AUTO TRANSMISSION MANUFACTURE Assemblers Machinists 0.7 1.9 0.2-4.9 0.6-27.6 HOSPITALS Nurses X-ray technicians 1.1 1.5 0.5-2.1 1.0-2.2 SELECTED OCCUPATIONS FROM ALL ECONOMIC SECTORS Construction machine operators Motor vehicle drivers School teachers Auto mechanics Retail sales Sheet metal workers Sewing machine operators Forestry and logging jobs 0.5 1.1 1.3 2.3 2.3 3.9 6.8 7.6 0.1-1.2 0.4-2.7 0.6-3.2 0.6-8.7 1.0-5.5 0.3-48.4 0.9-32.0 0.6-95.5*** If you have questions or want more information about your EMF exposure at work, your plant safety officer, industrial hygienist, or other local safety official can be a good source of information. The National Institute for Occupational Safety and Health (NIOSH) is asked occasionally to conduct health hazard evaluations in workplaces where EMF is a suspected cause for concern. For further technical assistance contact NIOSH at 800-356-4674. Q What are some typical sources of EMF in the workplace? A Exposure assessment studies so far have shown that most people's EMF exposure at work comes from electrical appliances and tools and from the building's power supply. People who work near transformers, electrical closets, circuit boxes, or other high-current electrical equipment may have 60-Hz magnetic field exposures of hundreds of milligauss or more. In offices, magnetic field levels are often similar to those found at home, typically 0.5 to 4.0 mG. However, these levels can increase dramatically near certain types of equipment. EMF Spot Measurements Industry and sources ELF magneti c fields (mG) Other frequencies Comments ELECTRICAL EQUIPMENT USED IN MACHINE MANUFACTURING Electric resistance heater Induction heater Hand-held grinder Grinder Lathe, drill press, etc. 6,000- 14,000 10-460 3,000 110 1-4 VLF High VLF - - - Tool exposures measured at operator's chest. Tool exposures measured at operator's chest. Tool exposures measured at operator's chest. ALUMINUM REFINING Aluminum pot rooms Rectification room 3.4-30 300- 3,300 Very high static field High static field Highly-rectified DC current (with an ELF ripple) refines aluminum. STEEL FOUNDRY Ladle refinery Furnace active Furnace inactive Electrogalvanizing unit 170- 1,300 0.6-3.7 2-1,100 High ULF from the ladle's big magnetic stirrer High ULF from the ladle's big magnetic stirrer High VLF Highest ELF field was at the chair of control room operator. Highest ELF fiel d was at the chair of control room operator. TELEVISION BROADCASTING Video cameras (studio and minicams) Video tape degaussers Light control centers Studio and newsrooms 7.2-24.0 160- 3,300 10-300 2-5 VLF - - - Measured 1 ft away. Walk-through survey. Walk-through survey. HOSPITALS Intensive care unit Post-anesthesia care unit Magnetic resonance imaging (MRI) 0.1-220 0.1-24 0.5-280 VLF VLF Very high static field, VLF and RF Measured at nurse's chest. Measured at technician's work locations. TRANSPORTATION Cars, minivans, and trucks Bus (diesel powered) Electric cars Chargers for electric cars Electric buses 0.1-125 0.5-146 0.1-81 4-63 0.1-88 0.1-330 0.8-24.2 Most frequencies less than 60 Hz Most frequencies less than 60 Hz Some elevated static fields - Steel-belted tires are the principal ELF source for gas/diesel vehicles. Measured 2 ft from charger. Measured at waist. Fields at ankles 2-5 times higher. Electric train passenger cars Airliner - 25 & 60 Hz power on U.S. trains 400 Hz power on airliners Measured at waist. Fields at ankles 2-5 times higher. Measured at waist. GOVERNMENT OFFICES Desk work locations Desks near power center Power cables in floor Building power supplies Can opener Desktop cooling fan Other office appliances 0.1-7 18-50 15-170 25-1,800 3,000 1,000 10-200 - - - - - - - Peaks due to laser printers. Appliance fields measured 6 in. away. Appliance fields measured 6 in. away. Source: National Institute for Occupational Safety and Health, 2001. ULF (ultra low frequency)-frequencies above 0, below 3 Hz. ELF (extremely low frequency)-frequencies 3-3,000 Hz. VLF (very low frequency)-frequencies 3,000-30,000 Hz (3-30 kilohertz). Q What EMF exposure occurs during travel? A Inside a car or bus, the main sources of magnetic field exposure are those you pass by (or under) as you drive, such as power lines. Car batteries involve direct current (DC) rather than alternating current (AC). Alternators can create EMF, but at frequencies other than 60 Hz. The rotation of steel-belted tires is also a source of EMF. Most trains in the United States are diesel powered. Some electri cally powered trains operate on AC, such as the passenger trains between Washington, D.C. and New Haven, Connecticut. Measurements taken on these trains using personal exposure monitors have suggested that average 60-Hz magnetic field exposures for passengers and conductors may exceed 50 mG. A U.S. government-sponsored exposure assessment study of electric rail systems found average 60-Hz magnetic field levels in train operator compartments that ranged from 0.4 mG (Boston high speed trolley) to 31.1 mG (North Jersey transit). The graph below shows average and maximum magnetic field measurements in operator compartments of several electric rail systems. It illustrates that 60 Hz is one of several electromagnetic frequencies to which train operators are exposed. Workers who maintain the tracks on electric rail lines, primarily in the northeastern United States, also have elevated magnetic field exposures at both 25 Hz and 60 Hz. Measurements taken by the National Institute for Occupational Safety and Health show that typical average daily exposures range from 3 to 18 mG, depending on how often trains pass the work site. Rapid transit and light rail systems in the United States, such as the Washington D.C. Metro and the San Francisco Bay Area Rapid Transit, run on DC electricity. These DC-powered trains contain equipment that produces AC fields. For example, areas of strong AC magnetic fields have been measured on the Washington Metro close to the floor, during braking and acceleration, presumably near equipment located underneath the subway cars. ****Click Here to See Large Image**** These graphs illustrate that 60 Hz is one of several electromagnetic frequencies to which train operators are exposed. The maximum exposure is the top of the blue (upper) portion of the bar; the average exposure is the top of the red (lower) portion. Q How can I find out how strong the EMF is where I live and work? A The tables throughout this chapter can give you a general idea about magnetic field levels at home, for different jobs, and around various kinds of electrical equipment. For specific information about EMF from a particular power line, contact the utility that operates the line. Some will perform home EMF measurements. You can take your own EMF measurements with a magnetic field meter. For a spot measurement to provide a useful estimate of your EMF exposure, it should be taken at a time of day and location when and where you are typically near the equipment. Keep in mind that the strength of a magnetic field drops off quickly with distance. Independent technicians will conduct EMF measurements for a fee. Search the Internet under "EMF meters" or "EMF measurement." You should investigate the experience and qualifications of commercial firms, since governments do not standardize EMF measurements or certify measurement contractors. At work, your plant safety officer, industrial hygienist, or other local safety official can be a good source of information. The National Institute for Occupational Safety and Health (NIOSH) sometimes conducts health hazard evaluations in workplaces where EMF is a suspected cause for concern. For further technical assistance, contact NIOSH at 800-356-4674. Q How much do computers contribute to my EMF exposure? A Personal computers themselves produce very little EMF. However, the video display terminal (VDT) or monitor provides some magnetic field exposure unless it is of the new flat-panel design. Conventional VDTs containing cathode ray tubes use magnetic fields to produce the image on the screen, and some emission of those magnetic fields is unavoidable. Unlike most other appliances which produce predominantly 60-Hz magnetic fields, VDTs emit magnetic fields in both the extremely low frequency (ELF) and very low frequency (VLF) frequency ranges. Many newer VDTs have been designed to minimize magnetic field emissions, and those identified as "TCO'99 compliant" meet a standard for low emissions. Q What can be done to limit EMF exposure? A Personal exposure to EMF depends on three things: the strength of the magnetic field sources in your environment, your distance from those sources, and the time you spend in the field. If you are concerned about EMF exposure, your first step should be to find out where the major EMF sources are and move away from them or limit the time you spend near them. Magnetic fields from appliances decrease dramatically about an arm's length away from the source. In many cases, rearranging a bed, a chair, or a work area to increase your distance from an electrical panel or some other EMF source can reduce your EMF exposure. Another way to reduce EMF exposure is to use equipment designed to have relatively low EMF emissions. Sometimes electrical wiring in a house or a building can be the source of strong magnetic field exposure. Incorrect wiring is a common source of higher-than-usual magnetic fields. Wiring problems are also worth correcting for safety reasons. In its 1999 report to Congress, the National Institute of Environmental Health Sciences suggested that the power industry continue its current practice of siting power lines to reduce EMF exposures. There are more costly actions, such as burying power lines, moving out of a home, or restricting the use of office space that may reduce exposures. Because scientists are still debating whether EMF is a hazard to health, it is not clear that the costs of such measures are warranted. Some EMF reduction measures may create other problems. For instance, compacting power lines reduces EMF but increases the danger of accidental electrocution for line workers. We are not sure which aspects of the magnetic field exposure, if any, to reduce. Future research may reveal that EMF reduction measures based on today's limited understanding are inadequate or irrelevant. No action should be taken to reduce EMF exposure if it increases the risk of a known safety hazard. On to EMF Exposure Standards EMF Questions & Answers Home | Introduction | EMF Basics | Evaluating Potential Health Effects | Results of EMF Research | Your EMF Environment | EMF Exposure Standards | National and International EMF Reviews | References EMFRAPID Home | NIEHS Home For More Information About EMF: Web Center 5 EMF Exposure Standards This chapter describes standards and guidelines established by state, national, and international safety organizations for some EMF sources and exposures. · Are there exposure standards for 60-Hz EMF? · Does EMF affect people with pacemakers or other medical devices? · What about products advertised as producing low or reduced magnetic fields? · Are cellular telephones and towers sources of EMF exposure? Q Are there exposure standards for 60-Hz EMF? A In the United States, there are no federal standards limiting occupational or residential exposure to 60-Hz EMF. At least six states have set standards for transmission line electric fields; two of these also have standards for magnetic fields (see table below). In most cases, the maximum fields permitted by each state are the maximum fields that existing lines produce at maximum load-carrying conditions. Some states further limit electric field strength at road crossings to ensure that electric current induced into large metal objects such as trucks and buses does not represent an electric shock hazard. State Transmission Line Standards and Guidelines Electric Field Magnetic Field State On R.O.W.* Edge R.O.W. On R.O.W. Edge R.O.W. Florida 8 kV/ma 10 kV/mb 2 kV/m - 150 mGa (max. load) 200 mGb (max. load) 250 mGc (max. load) Minnesota 8 kV/m - - - Montana 7 kV/m 1 kV/me - - New Jersey - 3 kV/m - - New York 11.8 kV/m 11.0 kV/mf 7.0 kV/m d 1.6 kV/m - 200 mG (max. load) Oregon 9 kV/m - - - *R.O.W. = right-of -way (or in the Florida standard, certain additional areas adjoining the right- of -way). kV/m = kilovolt per meter. One kilovolt = 1,000 volts. a For lines of 69-230 kV. b For 500 kV lines. c For 500 kV lines on certain existing R.O.W. d Maximum for highway crossings. e May be waived by the landowner. f Maximum for private road crossings. Two organizations have developed voluntary occupational exposure guidelines for EMF exposure. These guidelines are intended to prevent effects, such as induced currents in cells or nerve stimulation, which are known to occur at high magnitudes, much higher (more than 1,000 times higher) than EMF levels found typically in occupational and residential environments. These guidelines are summarized in the tables on the right. ICNIRP Guidelines for EMF Exposure Exposure (60 Hz) Electric field Magnetic field Occupational General Public 8.3 kV/m 4.2 kV/m 4.2 G (4,200 mG) 0.833 G (833 mG) International Commission on Non-Ionizing Radiation Protection (ICNIRP) is an organization of 15,000 scientists from 40 nations who specialize in radiation protection. Source: ICNIRP, 1998. ACGIH Occupational Threshold Limit Values for 60-Hz EMF Electric field Magnetic field Occupational exposure should not exceed Prudence dictates the use of protective clothing above Exposure of workers with cardiac pacemakers should not exceed 25 kV/m 15 kV/m 1 kV/m 10 G (10,000 mG) - 1 G (1,000 mG) American Conference of Governmental Industrial Hygienists (ACGIH) is a professional organization that facilitates the exchange of technical information about worker health protection. It is not a government regulatory agency. Source: ACGIH, 2001. The International Commission on Non-Ionizing Radiation Protection (ICNIRP) concluded that available data regardingpotential long-term effects, such as increased risk of cancer, are insufficient to provide a basis for setting exposure restrictions. The American Conference of Governmental Industrial Hygienists (ACGIH) publishes "Threshold Limit Values" (TLVs) for various physical agents. The TLVs for 60-Hz EMF shown in the table are identified as guides to control exposure; they are not intended to demarcate safe and dangerous levels. Q Does EMF affect people with pacemakers or other medical devices? A According to the U.S. Food and Drug Administration (FDA), interference from EMF can affect various medical devices including cardiac pacemakers and implantable defibrillators. Most current research in this area focuses on higher frequency sources such as cellular phones, citizens band radios, wireless computer links, microwave signals, radio and television transmitters, and paging transmitters. Sources such as welding equipment, power lines at electric generating plants, and rail transportation equipment can produce lower frequency EMF strong enough to interfere with some models of pacemakers and defibrillators. The occupational exposure guidelines developed by ACGIH state that workers with cardiac pacemakers should not be exposed to a 60-Hz magnetic field greater than 1 gauss (1,000 mG) or a 60-Hz electric field greater than 1 kilovolt per meter (1,000 V/m) (see ACGIH guidelines above). Workers who are concerned about EMF exposure effects on pacemakers, implantable defibrillators, or other implanted electronic medical devices should consult their doctors or industrial hygienists. Nonelectronic metallic medical implants (such as artificial joints, pins, nails, screws, and plates) can be affected by high magnetic fields such as those from magnetic resonance imaging (MRI) devices and aluminum refining equipment, but are generally unaffected by the lower fields from most other sources. The FDA MedWatch program is collecting information about medical device problems thought to be associated with exposure to or interference from EMF. Anyone experiencing a problem that might be due to such interference is encouraged to call and report it (800-332-1088). Q What about products advertised as producing low or reduced magnetic fields? A Virtually all electrical appliances and devices emit electric and magnetic fields. The strengths of the fields vary appreciably both between types of devices and among manufacturers and models of the same type of device. Some appliance manufacturers are designing new models that, in general, have lower EMF than older models. As a result, the words "low field" or "reduced field" may be relative to older models and not necessarily relative to other manufacturers or devices. At this time, there are no domestic or international standards or guidelines limiting the EMF emissions of appliances. The U.S. government has set no standards for magnetic fields from computer monitors or video display terminals (VDTs). The Swedish Confederation of Professional Employees (TCO) established in 1992 a standard recommending strict limits on the EMF emissions of computer monitors. The VDTs should produce magnetic fields of no more than 2 mG at a distance of 30 cm (about 1 ft) from the front surface of the monitor and 50 cm (about 1 ft 8 in) from the sides and back of the monitor. The TCO'92 standard has become a de facto standard in the VDT industry worldwide. A 1999 standard, promulgated by the Swedish TCO (known as the TCO'99 standard), provides for international and environmental labeling of personal computers. Many computer monitors marketed in the U.S. are certified as compliant with TCO'99 and are thereby assured to produce low magnetic fields. Beware of advertisements claiming that the federal government has certified that the advertised equipment produces little or no EMF. The federal government has no such general certification program for the emissions of low-frequency EMF. The U.S. Food and Drug Administration's Center for Devices and Radiological Health (CDRH) does certify medical equipment and equipment producing high levels of ionizing radiation or microwave radiation. Information about certain devices as well as general information about EMF is available from the CDRH at 888-463-6332. Q Are cellular telephones and towers sources of EMF exposure? A Cellular telephones and towers involve radio-frequency and microwave- frequency electromagnetic fields. These are in a much higher frequency range than are the power-frequency electric and magnetic fields associated with the transmission and use of electricity. The U.S. Federal Communications Commission (FCC) licenses communications systems that use radio-frequency and microwave electromagnetic fields and ensures that licensed facilities comply with exposure standards. Public information on this topic is published on two FCC Internet sites: http://www.fcc.gov/oet/info/documents/bulletins/#56 and http://www.fcc.gov/oet/rfsafety/ The U.S. Food and Drug Administration also provides information about cellular telephones on its web site (http://www.fda.gov/cdrh/ocd/mobilphone.html). On to National and International EMF Reviews EMF Questions & Answers Home | Introduction | EMF Basics | Evaluating Potential Health Effects | Results of EMF Research | Your EMF Environment | EMF Exposure Standards | National and International EMF Reviews | References EMFRAPID Home | NIEHS Home For More Information About EMF: Web Center 6 National and International EMF Reviews This chapter presents the findings and recommendations of major EMF research reviews, including the U.S. government's EMF RAPID Program. · What have national and international agencies concluded about the impact of EMF exposure on human health? · What other U.S. organizations have reported on EMF? · What can we conclude about EMF at this time? Q What have national and international agencies concluded about the impact of EMF exposure on human health? A Since 1995, two major U.S. reports have concluded that limited evidence exists for an association between EMF exposure and increased leukemia risk, but that when all the scientific evidence is considered, the link between EMF exposure and cancer is weak. The World Health Organization in 1997 reached a similar conclusion. The two reports were the U.S. National Academy of Sciences report in 1996 and, in 1999, the National Institute of Environmental Health Sciences report to the U.S. Congress at the end of the U.S. EMF Research and Public Information Dissemination (RAPID) Program. The U.S. EMF RAPID Program Initiated by the U.S. Congress and established by law in 1992, the U.S. EMF Research and Public Information Dissemination (EMF RAPID) Program set out to study whether exposure to electric and magnetic fields produced by the generation, transmission, or use of electric power posed a risk to human health. For more information about the EMF RAPID Program, visit the web site (http://www.niehs.nih.gov/emfrapid/). The U.S. Department of Energy (DOE) administered the overall EMF RAPID Program, but health effects research and risk assessment were supervised by the National Institute of Environmental Health Sciences (NIEHS), a branch of the U.S. National Institutes of Health (NIH). Together, DOE and NIEHS oversaw more than 100 cellular and animal studies, as well as engineering and exposure assessment studies. Although the EMF RAPID Program did not fund any additional epidemiological studies, an analysis of the many studies already conducted was an important part of its final report. The electric power industry contributed about half, or $22.5 million, of the $45 million eventually spent on EMF research over the course of the EMF RAPID Program. The NIEHS received $30.1 million from this program for research, public outreach, administration, and the health assessment evaluation of extremely low frequency (ELF) EMF. The DOE received approximately $15 million from this program for engineering and EMF mitigation research. The NIEHS contributed an additional $14.5 million for support of extramural and intramural research including long-term toxicity and carcinogenicity studies conducted by the National Toxicology Program. EMF RAPID Program Interagency Committee · National Institute of Environmental Health Sciences · Department of Energy · Department of Defense · Department of Transportation · Environmental Protection Agency · Federal Energy Regulatory Commission · National Institute of Standards and Technology · Occupational Safety and Health Administration · Rural Electrification Administration An interagency committee was established by the President of the United States to provide oversight and program management support for the EMF RAPID Program. The interagency committee included representatives from NIEHS, DOE, and seven other federal agencies with EMF-related responsibilities. The EMF RAPID Program also received advice from a National EMF Advisory Committee (NEMFAC), which included representatives from citizen groups, labor, utilities, the National Academy of Sciences, and other groups. They met regularly with DOE and NIEHS staff to express their views. NEMFAC meetings were open to the public. The EMF RAPID Program sponsored citizen participation in some scientific meetings as well. A broad group of citizens reviewed all major public information materials produced for the program. NIEHS Working Group Report 1998 In preparation for the EMF RAPID Program's goal of reporting to the U.S. Congress on possible health effects from exposure to EMF from power lines, the NIEHS convened an expert working group in June 1998. Over 9 days, about 30 scientists conducted a complete review of EMF studies, including those sponsored by the EMF RAPID Program and others. Their conclusions offered guidance to the NIEHS as it prepared its report to Congress. Using criteria developed by the International Agency for Research on Cancer, a majority of the members of the working group concluded that exposure to power- frequency EMF is a possible human carcinogen. The majority called their opinion "a conservative public health decision based on limited evidence for an increased occurrence of childhood leukemias and an increased occurrence of chronic lymphocytic leukemia (CLL) in occupational settings." For these diseases, the working group reported that animal and cellular studies neither confirm nor deny the epidemiological studies' suggestion of a disease risk. This report is available on the NIEHS EMF RAPID web site (http://www.niehs.nih.gov/emfrapid/). NIEHS Report to Congress at Conclusion of EMF RAPID Program In June 1999, the NIEHS reported to the U.S. Congress that scientific evidence for an EMF-cancer link is weak. The following are excerpts from the 1999 NIEHS report: The NIEHS believes that the probability that ELF-EMF exposure is truly a health hazard is currently small. The weak epidemiological associations and lack of any laboratory support for these associations provide only marginal, scientific support that exposure to this agent is causing any degree of harm. The scientific evidence suggesting that extremely low frequency EMF exposures pose any health risk is weak. The strongest evidence for health effects comes from associations observed in human populations with two forms of cancer: childhood leukemia and chronic lymphocytic leukemia in occupationally exposed adults. While the support from individual studies is weak, the epidemiological studies demonstrate, for some methods of measuring exposure, a fairly consistent pattern of a small, increased risk with increasing exposure that is somewhat weaker for chronic lymphocytic leukemia than for childhood leukemia. In contrast, the mechanistic studies and the animal toxicology literature fail to demonstrate any consistent pattern across studies, although sporadic findings of biological effects (including increased cancers in animals) have been reported. No indication of increased leukemias in experimental animals has been observed. The full report is available on the NIEHS EMF RAPID web site (http://www.niehs.nih.gov/emfrapid/). No regulatory action was recommended or taken based on the NIEHS report. The NIEHS director, Dr. Kenneth Olden, told the Congress that, in his opinion, the conclusion of the NIEHS report was not sufficient to warrant aggressive regulatory action. The NIEHS did not recommend adopting EMF standards for electric appliances or burying electric power lines. Instead, it recommended providing public information about practical ways to reduce EMF exposure. The NIEHS also suggested that power companies and utilities "continue siting power lines to reduce exposures and . . . explore ways to reduce the creation of magnetic fields around transmission and distribution lines without creating new hazards." The NIEHS encouraged manufacturers to reduce magnetic fields at a minimal cost, but noted that the risks do not warrant expensive redesign of electrical appliances. The NIEHS also encouraged individuals who are concerned about EMF in their homes to check to see if their homes are properly wired and grounded, since incorrect wiring or other code violations are a common source of higher-than- usual magnetic fields. National Academy of Sciences Report In October 1996, a National Research Council committee of the National Academy of Sciences (NAS) released its evaluation of research on potential associations between EMF exposure and cancer, reproduction, development, learning, and behavior. The r eport concluded: Based on a comprehensive evaluation of published studies relating to the effects of power-frequency electric and magnetic fields on cells, tissues, and organisms (including humans), the conclusion of the committee is that the current body of evidence does not show that exposure to these fields presents a human-health hazard. Specifically, no conclusive and consistent evidence shows that exposures to residential electric and magnetic fields produce cancer, adverse neurobehavioral effects, or reproductive and developmental effects. The NAS report focused primarily on the association of childhood leukemia with the proximity of the child's home to power lines. The NAS panel found that although a link between EMF exposure and increased risk for childhood leukemia was observed in studies that had estimated EMF exposure using the wire code method (distance of home from power line), such a link was not found in studies that had included actual measurements of magnetic fields at the time of the study. The panel called for more research to pinpoint the unexplained factors causing small increases in childhood leukemia in houses close to power lines. World Health Organization International EMF Project The World Health Organization (WHO) International EMF Project, with headquarters in Geneva, Switzerland, was launched at a 1996 meeting with representatives of 23 countries attending. It was intended to respond to growing concerns in many member states over possible EMF health effects and to address the conflict between such concerns and technological and economic progress. In its advisory role, the WHO International EMF Project is now reviewing laboratory and epidemiological evidence, identifying gaps in scientific knowledge,developing an agenda for future research, and developing risk communication booklets and other public information. The WHO International EMF Project is funded with contributions from governments and institutions and is expected to provide an overall EMF health risk assessment. Additional information about this program can be found on the WHO EMF web site (http://www.who.int/peh-emf/). As part of this project, in 1997 a working group of 45 scientists from around the world surveyed the evidence for adverse EMF health effects. They reported that, "taken together, the findings of all published studies are suggestive of an association between childhood leukemia and estimates of ELF (extremely low frequency or power-frequency) magnetic fields." Much like the 1996 U.S. NAS report, the WHO report noted that living in homes near power lines was associated with an approximate 1.5-fold excess risk of childhood leukemia. But unlike the NAS panel, WHO scientists had seen the results of the 1997 U.S. National Cancer Institute study of EMF and childhood leukemia. This work showed even more strongly the inconsistency between results of studies that used a wire code to estimate EMF exposure and studies that actually measured magnetic fields. Regarding health effects other than cancer, the WHO scientists reported that the epidemiological studies "do not provide sufficient evidence to support an association between extremely-low-frequency magnetic-field exposure and adult cancers, pregnancy outcome, or neurobehavioural disorders." World Health Organization International Agency for Research on Cancer The WHO International Agency for Research on Cancer (IARC) produces a monograph series that reviews the scientific evidence regardi ng potential carcinogenicity associated with exposure to environmental agents. An international scientific panel of 21 experts from 10 countries met in June 2001 to review the scientific evidence regarding the potential carcinogenicity of static and ELF (extremely low frequency or power-frequency) EMF. The panel categorized its conclusions for carcinogenicity based on the IARC classification system--a system that evaluates the strength of evidence from epidemiological, laboratory (human and cellular), and mechanistic studies. The panel classified power- frequency EMF as "possibly carcinogenic to humans" based on a fairly consistent statistical association between a doubling of risk of childhood leukemia and magnetic field exposure above 0.4 microtesla (0.4 µT, 4 milligauss or 4 mG). In contrast, they found no consistent evidence that childhood EMF exposures are associated with other types of cancer or that adult EMF exposures are associated with increased risk for any kind of cancer. The IARC panel reported that no consistent carcinogenic effects of EMF exposure have been observed in experimental animals and that there is currently no scientific explanation for the observed association between childhood leukemia and EMF exposure. Further information can be obtained at the IARC web sites (http://www.iarc.fr/ and http://monographs.iarc.fr/). International Commission on Non-Ionizing Radiation Protection The International Commission on Non-Ionizing Radiation Protection (ICNIRP) issued exposure guidelines to guard against known adverse effects such as stimulation of nerves and muscles at very high EMF levels, as well as shocks and burns caused by touching objects that conduct electricity. In April 1998, ICNIRP revised its exposure guidelines and characterized as "unconvincing" the evidence for an association between everyday power-frequency EMF and cancer. European Union In 1996, a European Union (EU) advisory panel provided an overview of the state of science and standards among EU countries. With respect to power- frequency EMF, the panel members said that there is no clear evidence that exposure to EMF results in an increased risk of cancer. Australia--Radiation Advisory Committee Report to Parliament In 1997, Australia's Radiation Advisory Committee briefly reviewed the EMF scientific literature and advised the Australian Parliament that, overall, there is insufficient evidence to come to a firm conclusion regarding possible health effects from exposure to power-frequency magnetic fields. The committee also reported that "the weight of opinion as expressed in the U.S. National Academy of Sciences report, and the negative results from the National Cancer Institute study (Linet et al., 1997) would seem to shift the balance of probability more towards there being no identifiable health effects". Canada--Health Canada Report In December 1998, a working group of public health officers at Health Canada, the federal agency that manages Canada's health care system, issued a review of the scientific literature regarding power-frequency EMF health effects. They found the evidence to be insufficient to conclude that EMF causes a risk of cancer. The report concluded that while EMF effects may be observed in biological systems in a laboratory, no adverse health effects have been demonstrated at the levels to which humans and animals are typically exposed. As for epidemiology, 25 years of study results are inconsistent and inconclusive, the panel said, and a plausible EMF-cancer mechanism is missing. Health Canada pledged to continue monitoring EMF research and to reassess this position as new information becomes available. Germany--Ordinance 26 On January 1, 1997, Germany became the first nation to adopt a national rule on EMF exposure for the general public. Ordinance 26 applies only to facilities such as overhead and underground transmission and distribution lines, transformers, switchgear and overhead lines for electric-powered trains. Both electric (5 kV/m) and magnetic field exposure limits (1 Gauss) are high enough that they are unlikely to be encountered in ordinary daily life. The ordinance also requires that precautionary measures be taken on a case-by-case basis when electric facilities are sited or upgraded near homes, hospital, schools, day care centers, and playgrounds. Great Britain--National Radiological Protection Board Report The National Radiological Protection Board (NRPB) in Great Britain advises the government of the United Kingdom regarding standards of protection for exposure to non-ionizing radiation. The NRPB's advisory group on non-ionizing radiation periodically reviews new developments in EMF research and reports its findings. Results of the advisory group's latest review were published in 2001. The report reviewed residential and occupational epidemiological studies, as well as cellular, animal, and human volunteer studies that had been published. The advisory group noted that there is "some epidemiological evidence that prolonged exposure to higher levels of power frequency magnetic fields is associated with a small risk of leukaemia in children." Specifically, the NRPB advisory group's analysis suggests "that relatively heavy average exposures of 0.4 µT [4 mG] or more are associated with a doubling of the risk of leukaemia in children under 15 years of age." The group pointed out, however, that laboratory experiments have provided "no good evidence that extremely low frequency electromagnetic fields are capable of producing cancer." Scandinavia--EMF Developments In October 1995, a group of Swedish researchers and government officials published a report about EMF exposure in the workplace. This "Criteria Group" reviewed EMF scientific literature and, using the IARC classification system, ranked occupational EMF exposure as "possibly carcinogenic to humans." They also endorsed the Swedish government's 1994 policy statement that public exposure limits to EMFs were not needed, but that people might simply want to use caution with EMFs. In 1996, five Swedish government agencies further explained their precautionary advice about EMF. EMF exposure should be reduced, they said, but only when practical, without great inconvenience or cost. Health experts in Norway, Denmark, and Finland generally agreed in reviews published in the 1990s that if an EMF health risk exists, it is small. They acknowledged that a link between residential magnetic fields and childhood leukemia cannot be confirmed or denied. In 1994, several Norwegian government ministries also recommended increasing the distance between residences and electrical facilities, if it could be done at low cost and with little inconvenience. Q What other U.S. organizations have reported on EMF? A American Medical Association In 1995, the American Medical Association advised physicians that no scientifically documented health risk had been associated with "usually occurring" EMF, based on a review of EMF epidemiological, laboratory studies, and major literature reviews. American Cancer Society In 1996, the American Cancer Society released a review of 20 years of EMF epidemiological research including occupational studies and residential studies of adult and childhood cancer. The society noted that some data support a possible relationship of magnetic field exposure with leukemia and brain cancer, but further research may not be justified if studies continue to find uncertain results. Of particular interest is the summary of results from eight studies of risk from use of household appliances with relatively high magnetic fields, such as electric blankets and electric razors. The summary suggested that there is no persuasive evidence for increased risk with more frequent or longer use of these appliances. American Physical Society The American Physical Society (APS) represents thousands of U.S. physicists. Responding to the NIEHS Working Group's conclusion that EMF is a possible human carcinogen, the APS executive board voted in 1998 to reaffirm its 1995 opinion that there is "no consistent, significant link between cancer and power line fields." California's Department of Health Services In 1996, California's Department of Health Services (DHS) began an ambitious five-year effort to assess possible EMF public health risk and offer guidance to school administrators and other decision-makers. The California Electric and Magnetic Fields (EMF) Program is a research, education, and technical assistance program concerned with the possible health effects of EMF from power lines, appliances, and other uses of electricity. The program's goal is to find a rational and fair approach to dealing with the potential risks, if any, of exposure to EMF. This is done through research, policy analysis, and education. The web site has educational materials on EMF and related health issues for individuals, schools, government agencies, and professional organizations (http://www.dhs.ca.gov/ps/deodc/ehib/emf/). Q What can we conclude about EMF at this time? A Electricity is a beneficial part of our daily lives, but whenever electricity is generated, transmitted, or used, electric and magnetic fields are created. Over the past 25 years, research has addressed the question of whether exposure to power-frequency EMF might adversely affect human health. For most health outcomes, there is no evidence that EMF exposures have adverse effects. There is some evidence from epidemiology studies that exposure to power-frequency EMF is associated with an increased risk for childhood leukemia. This association is difficult to interpret in the absence of reproducible laboratory evidence or a scientific explanation that links magnetic fields with childhood leukemia. EMF exposures are complex and come from multiple sources in the home and workplace in addition to power lines. Although scientists are still debating whether EMF is a hazard to health, the NIEHS recommends continued education on ways of reducing exposures. This booklet has identified some EMF sources and some simple steps you can take to limit your exposure. For your own safety, it is important that any steps you take to reduce your exposures do not increase other obvious hazards such as those from electrocution or fire. At the current time in the United States, there are no federal standards for occupational or residential exposure to 60-Hz EMF. On to References EMF Questions & Answers Home | Introduction | EMF Basics | Evaluating Potential Health Effects | Results of EMF Research | Your EMF Environment | EMF Exposure Standards | National and International EMF Reviews | References EMFRAPID Home | NIEHS Home For More Information About EMF: Web Center 7 References Selected references on EMF topics. · Basic Science · EMF Levels and Exposures · EMF Standards and Regulations · Residential Childhood Cancer Studies · Residential Adult Cancer Studies · Occupational EMF Cancer Studies · Laboratory Animal EMF Studies · Laboratory Cellular EMF Studies · National Reviews of EMF Research Basic Science · Kovetz A. Electromagnetic Theory. New York: Oxford University Press (2000). · Vanderlinde J. Classical Electromagnetic Theory. New York: Wiley (1993). EMF Levels and Exposures · Dietrich FM & Jacobs WL. Survey and Assessment of Electric and Magnetic (EMF) Public Exposure in the Transportation Environment. Report of the U. S. Department of Transportation. NTIS Docume nt PB99-130908. Arlington, VA: National Technical Information Service (1999). · Kaune WT. Assessing human exposure to power-frequency electric and magnetic fields. Environmental Health Perspectives 101:121-133 (1993). · Kaune WT & Zaffanella L. Assessing historical exposure of children to power frequency magnetic fields. Journal of Exposure Analysis Environmental Epidemiology 4:149-170 (1994). · Tarone RE, Kaune WT, Linet MS, Hatch EE, Kleinerman RA, Robison LL, Boice JD & Wacholder S. Residential wire codes: Reproducibility and relation with measured magnetic fields. Occupational and Environmental Medicine 55:333- 339 (1998). · U.S. Environmental Protection Agency. EMF in your environment: magnetic field measurements of everyday electrical devices. Washington, DC: Office of Radiation and Indoor Air, Radiation Studies Division, U.S. Environmental Protection Agency, Report No. 402-R-92-008 (1992). · Zaffanella L. Survey of residential magnetic field sources. Volume 1: Goals, Results and Conclusions. EPRI Report No. TR-102759. Palo Alto, CA:Electric Power Research Institute (EPRI), 1993;1-224. EMF Standards and Regulations · Documentation of the Threshold Limit Values and Biological Exposure Indices, 7th Ed. Publication No. 0100. Cincinnati, OH: American Conference of Governmental Industrial Hygienists (2001). · ICNIRP International Commission on Non -Ionizing Radiation Protection. Guidelines for Limiting Exposure to Time -Varying Electric, Magnetic, and Electromagnetic Fields (up to 300 GHz). Health Physics 74:494-522 (1998). · Swedish National Board of Occupational Safety and Health. Low-Frequency Electrical and Magnetic Fields (SNBOSH): The Precautionary Principle for National Authorities. Guidance for Decision-Makers. Solna (1996). · U.S. Department of Transportation, F.R.A. Safety of High Speed Guided Ground Transportation Systems, Magnetic and Electric Field Testing of the Amtrak Northeast Corridor and New Jersey Coast Line Rail Systems, Volume I: Analysis. Washington, DC: Office of Research and Development (1993). Residential Childhood Cancer Studies · Ahlbom A, Day N, Feychting M, Roman E, Skinner J, Dockerty J, Linet M, McBride M, Michaelis J, Olsen JH, Tynes T & Verkasalo PK. A pooled analysis of magnetic fields and childhood leukemia. British Journal of Cancer 83:692- 698 (2000). · Coghill RW, Steward J & Philips A. Extra low frequency electric and magnetic fields in the bedplace of children diagnosed with leukemia: A case-control study. European Journal of Cancer Prevention 5:153-158 (1996). · Dockerty JD, Elwood JM, Skegg DC, & Herbison GP. Electromagnetic field exposures and childhood cancers in New Zealand. Cancer Causes and Control 9:299-309 (1998). · Feychting M & Ahlbom A. Magnetic fields and cancer in children residing near Swedish high-voltage power lines. American Journal of Epidemiology 138:467- 481 (1993). · Greenland S, Sheppard AR, Kaune WT, Poole C & Kelsh MA. A pooled analysis of magnetic fields, wire codes and childhood leukemia. EMF Study Group. Epidemiology 11:624-634 (2000). · Linet MS, Hatch EE, Kleinerman RA, Robison LL, Kaune WT, Friedman DR, Severson RK, Haines CM, Hartsock CT, Niwa S, Wacholder S & Tarone RE. Residential exposure to magnetic fields and acute lymphoblastic leukemia in children. New England Journal of Medicine 337:1-7 (1997). · London SJ, Thomas DC, Bowman JD, Sobel E, Cheng TC & Peters JM. Exposure to residential electric and magnetic fields and risk of childhood leukemia. American Journal of Epidemiology 134:923-937 (1991). · McBride ML, Gallagher RP, Thériault G, Armstrong BG, Tamaro S, Spinelli JJ, Deadman JE, Fincham B, Robson D & Choi W. Power-frequency electric and magnetic fields and risk of childhood leukemia in Canada. American Journal of Epidemiology 149:831-842 (1999). · Michaelis J, Schuz J, Meinert R, Zemann E, Grigat JP, Kaatsch P, Kaletsch U, Miesner A, Brinkmann K, Kalkner W, & Karner H. Combined risk estimates for two German population-based case-control studies on residential magnetic fields and childhood leukemia. Epidemiology 9:92-94 (1998). · Olsen JH, Nielsen A & Schulgen G. Residence near high voltage facilities and risk of cancer in children. British Medical Journal 307:891 -895 (1993). · Savitz DA, Wachtel H, Barnes FA, John EM & Tvrdik JG. Case-control study of childhood cancer and exposure to 60-Hz magnetic fields. American Journal of Epidemiology 128:21-38 (1988). · Tomenius L. 50-Hz electromagnetic environment and the incidence of childhood tumors in Stockholm county. Bioelectromagnetics 7:191-207 (1986). · Tynes T & Haldorsen T. Electromagnetic fields and cancer in children residing near Norwegian high-voltage power lines. American Journal of Epidemiology 145:219-226 (1997). · UK Childhood Cancer Study Investigators. Exposure to power frequency magnetic fields and the risk of childhood cancer: a case/control study. Lancet 354:1925-1931 (1999). · Verkasalo PK, Pukkala E, Hongisto MY, Valjus JE, Jarvinen PJ, Heikkila KV & Koskenvuo M. Risk of cancer in Finnish children living close to power lines. British Medical Journal 307:895-899 (1993). Residential Adult Cancer Studies · Coleman MP, Bell CM, Taylor HL & Primie-Zakelj M. Leukemia and residence near electricity transmission equipment: a case-control study. British Journal of Cancer 60:793-798 (1989). · Feychting M & Ahlbom A. Magnetic fields, leukemia, and central nervous system tumors in Swedish adults residing near high-voltage power lines. Epidemiology 5:501-509 (1994). · Li CY, Theriault G & Lin RS. Residential exposure to 60-hertz magnetic fields and adult cancers in Taiwan. Epidemiology 8:25-30 (1997). · McDowall ME. Mortality of persons resident in the vicinity of electricity transmission facilities. British Journal of Cancer 53:271-279 (1986). · Severson RK, Stevens RG, Kaune WT, Thomas DB, Heuser L, Davis S & Sever LE. Acute nonlymphocytic leukemia and residential exposure to power frequency magnetic fields. American Journal of Epidemiology 128:10-20 (1988). · Wrensch M, Yost M, Miike R, Lee G & Touchstone J. Adult glioma in relation to residential power-frequency electromagnetic field exposures in the San Francisco Bay area. Epidemiology 10:523-527 (1999). · Youngson JH, Clayden AD, Myers A & Cartwright RA. A case/control study of adult haematological malignancies in relation to overhead powerlines. British Journal of Cancer 63:977-985 (1991). Occupational EMF Cancer Studies · Coogan PF, Clapp RW, Newcomb PA, Wenzl TB, Bogdan G, Mittendorf R, Baron JA & Longnecker MP. Occupational exposure to 60-Hertz magnetic fields and risk of breast cancer in women. Epidemiology 7:459-464 (1996). · Floderus B, Persson T, Stenlund C, Wennberg A, Ost A, & Knave B. Occupational exposure to electromagnetic fields in relation to leukemia and brain tumors: a case-control study in Sweden. Cancer Causes Control 4:465- 476 (1993). · Floderus B, Tornqvist S, & Stenlund C. Incidence of selected cancers in Swedish railway workers, 1961-79. Cancer Causes Control 5:189-194 (1994). · Sorahan T, Nichols L, van Tongeren M, & Harrington JM. Occupational exposure to magnetic fields relative to mortality from brain tumours: updated and revised findings from a study of United Kingdom electricity generation and transmission workers, 197397. Occupational and Environmental Medicine 58(10):626-630 (2001). · Johansen C, & Olsen JH Risk of cancer among Danish utility workers - A nationwide cohort study. American Journal of Epidemiology, 147:548-555 (1998). · Kheifets LI, Gilbert ES, Sussman SS, Guenel P, Sahl JD, Savitz DA, & Theriault G.Comparative analyses of the studies of magnetic fields and cancer in electric utility workers: studies from France, Canada, and the United States. Occupational and Environmental Medicine 56(8):567-574 (1999). · London SJ, Bowman JD, Sobel E, Thomas DC, Garabrant DH, Pearce N, Bernstein L & Peters JM . Exposure to magnetic fields among electrical workers in relation to leukemia risk in Los Angeles County. American Journal of Industrial Medicine 26:47-60 (1994). · Matanoski GM, Breysse PN & Elliott EA. Electromagnetic field exposure and male breast cancer. Lancet 337:737 (1991). · Sahl JD, Kelsh MA, & Greenland S. Cohort and nested case-control studies of hematopoietic cancers and brain cancer among utility worker. Epidemiology 4:21-32 (1994). · Savitz DA & Loomis DP. Magnetic field exposure in relation to leukemia and brain cancer mortality among electric utility workers. American Journal of Epidemiology 141:123-134 (1995). · Sorahan T, Nichols L, van Tongeren M, & Harrington JM. Occupational exposure to magnetic fields relative to mortality from brain tumours: updated and revised findings from a study of United Kingdom electricity generation and transmission workers, 197397. Occupational and Environmental Medicine 58:626-630 (2001). · Thériault G, Goldberg M, Miller AB, Armstrong B, Guénel P, Deadman J, Imbernon E, To T, Chevalier A, Cyr D, & Wall C. Cancer risks associated with occupational exposure to magnetic fields among electric utility workers in Ontario and Quebec, Canada and France: 19701989.American Journal of Epidemiology 139:550-572 (1994). · Tynes T, Jynge H, & Vistnes AI. Leukemia and brain tumors in Norwegian railway workers, a nested case-control study. American Journal of Epidemiology 139:645-653 (1994). Laboratory Animal EMF Studies · Anderson LE, Boorman GA, Morris JE, Sasser LB, Mann PC, Grumbein SL, Hailey JR, McNally A, Sills RC & Haseman JK. Effect of 13-week magnetic field exposures on DMBA-initiated mammary gland carcinomas in female Sprague- Dawley rats. Carcinogenesis 20:1615-1620 (1999). · Baum A, Mevissen M, Kamino K, Mohr U & Löscher W. A histopathological study on alterations in DMBA-induced mammary carcinogenesis in rats with 50 Hz, 100 mT magnetic field exposure. Carcinogenesis 16:119-125 (1995). · Babbitt JT, Kharazi AI, Taylor JMG, Rafferty CN, Kovatch R, Bonds CB, Mirell SG, Frumkin E, Dietrich F, Zhuang D & Hahn TJM. Leukemia/lymphoma in mice exposed to 60-Hz magnetic fields: Results of the chronic exposure study TR-110338. Los Angeles: Electric Power Research Institute (EPRI) (1998). · Babbitt JT, Kharazi AI, Taylor JMG, Rafferty CN, Kovatch R, Bonds CB, Mirell SG, Frumkin E, Dietrich F, Zhuang D & Hahn TJM. Leukemia/lymphoma in mice exposed to 60-Hz magnetic fields: Results of the chronic exposure study, Second Edition. Electric Power Research Institute (EPRI) and B. C. Hydro, Palo Alto, California and Burnaby, British Columbia, Canada (1999). · Boorman GA, Anderson LE, Morris JE, Sasser LB, Mann PC, Grumbein SL, Hailey JR, McNally A, Sills RC & Haseman JK. Effect of 26-week magnetic field exposures in a DMBA initiation-promotion mammary gland model in Sprague- Dawley rats. Carcinogenesi s 20:899-904 (1999). · Boorman GA, McCormick DL, Findlay JC, Hailey JR, Gauger JR, Johnson TR, Kovatch RM, Sills RC & Haseman JK. Chronic toxicity/oncogenicity of 60 Hz (power frequency) magnetic fields in F344/N rats. Toxicological Pathology 27:267-278 (1999). · Boorman GA, McCormick DL, Ward JM, Haseman JK & Sills RC. Magnetic fields and mammary cancer in rodents: A critical review and evaluation of published literature. Radiation Research 153:617-626 (2000). · Boorman GA, Rafferty CN, Ward JM & Sills RC. Leukemia and lymphoma incidence in rodents exposed to low-frequency magnetic fields. Radiation Research 153:627-636 (2000). · Ekström T, Mild KH & Holmberg B. Mammary tumours in Sprague-Dawley rats after initiation with DMBA followed by exposure to 50 Hz electromagnetic fields in a promotional scheme. Cancer Letters 123:107-111 (1998). · Mandeville R, Franco E, Sidrac-Ghali S, Paris-Nadon L, Rocheleau N, Mercier G, Desy M & Gaboury L. Evaluation of the potential carcinogenicity of 60 Hz linear sinusoidal continuous-wave magnetic fields in Fisher F344 rats. Federation of the American Society of Experimental Biology Journal 11:1127 - 1136 (1997). · McCormick DL, Boorman GA, Findlay JC, Hailey JR, Johnson TR, Gauger JR, Pletcher JM, Sills RC & Haseman JK. Chronic toxicity/oncogenicity of 60 Hz (power frequency) magnetic fields in B6C3F1 mice. Toxicological Pathology 27:279-285 (1999). · Mevissen M, Lerchl A, Szamel M & Löscher W. Exposure of DMBA-treated female rats in a 50-Hz, 50 microTesla magnetic field: Effects on mammary tumor growth, melatonin levels and T-lymphocyte activation. Carcinogenesis 17:903-910 (1996). · Yasui M, Kikuchi T, Ogawa M, Otaka Y, Tsuchitani M & Iwata H. Carcinogenicity test of 50 Hz sinusoidal magnetic fields in rats. Bioelectromagnetics 18:531-540 (1997). Laboratory Cellular EMF Studies · Balcer-Kubiczek EK, Harrison GH, Zhang XF, Shi ZM, Abraham JM, McCready WA, Ampey LL, III, Meltzer SJ, Jacobs MC, & Davis CC. Rodent cell transformation and immediate early gene expression following 60-Hz magnetic field exposure. Environmental Health Perspectives 104:1188-1198 (1996). · Boorman GA, Owen RD, Lotz WG & Galvin MJ, Jr. Evaluation of in vitro effects of 50 and 60 Hz magnetic fields in regional EMF exposure facilities. Radiation Research 153:648-657 (2000). · Lacy-Hulbert A, Metcalfe JC, & Hesketh R. Biological responses to electromagnetic fields. Federation of the American Society of Experimental Biology (FASEB) Journal 12:395-420 (1998). · Morehouse CA & Owen RD. Exposure of Daudi cells to low-frequency magnetic fields does not elevate MYC steady-state mRNA levels. Radiation Research 153:663-669 (2000). · Snawder JE, Edwards RM, Conover DL & Lotz WG. Effect of magnetic field exposure on anchorage-independent growth of a promoter-sensitive mouse epidermal cell line (JB6). Environmental Health Perspectives 107:195-198 (1999). · Wey HE, Conover DL, Mathias P, Toraason MA & Lotz WG. 50-Hz magnetic field and calcium transients in Jurkat cells: Results of a research and public information dissemination (RAPID) program study. Environmental Health Perspectives 108:135-140 (2000). National Reviews of EMF Research · American Medical Association. Council on Scientific Affairs. Effects of Electric and Magnetic Fields. Chicago: American Medical Association (December 1994). · National Institute for Occupational Safety and Health, National Institute of Environmental Health Sciences, U.S. Department of Energy. Questions and Answers: EMF in the Workplace. Electric and Magnetic Fields Associated with the Use of Electric Power. Report No. DOE/GO-10095-218 (September 1996). · National Radiological Protection Board. ELF Electromagnetic Fields and the Risk of Cancer. Volume 12:1, Chilton, Didcot, Oxon, UK OX11 ORQ (2001). · National Research Council, Committee on the Possible Effects of Electromagnetic Fields on Biologic Systems. Possible Health Effects of Exposure to Residential Electric and Magnetic Fields. Washington: National Academy Press (1997). · National Institute of Environmental Health Sciences Report on Health Effects from Exposure to Power-Line Frequency Electric and Magnetic Fields. NIH Publication No. 99-4493. Research Triangle Park, National Institute of Environmental Health Sciences (1999). · Portier CJ & Wolfe MS, Eds. Assessment of Health Effects from Exposure to Power-Line Frequency Electric and Magnetic Fields--NIEHS Working Group Report NIH Publication No. 98-3981. Research Triangle Park, National Institute of Environmental Health Sciences (1998). On to EMF Basics EMF Questions & Answers Home | Introduction | EMF Basics | Evaluating Potential Health Effects | Results of EMF Research | Your EMF Environment | EMF Exposure Standards | National and International EMF Reviews | References EMFRAPID Home | NIEHS Home For More Information About EMF: Web Center 5. Permafrost Information Alaska Science Forum January 23, 1997 Thawing Permafrost Threatens Alaska's Foundation Article #1321 by Ned Rozell This article is provided as a public service by the Geophysical Institute, University of Alaska Fairbanks, in cooperation with the UAF research community. Ned Rozell is a science writer at the institute. Is Kipnuk sinking? Eskimo elders in the coastal Alaska village think it might be. Tom Osterkamp thinks he might know one of the reasons why--Alaska's permafrost is warming. Osterkamp, a Geophysical Institute professor of physics who has studied Alaska's permafrost for 25 years, recently received an e-mail message from a colleague who told him of the Kipnuk elders' concerns. Kipnuk, located about 100 miles west of Bethel, is a treeless village where about 500 people live. The topographic map for the Kipnuk area looks like Swiss cheese because the village sits amid hundreds of lakes. Kipnuk's elevation is only about five feet above the level of the Bering Sea. Ian Parks, the principal of Chief Paul Memorial School at Kipnuk, said buildings in the village show signs of an unstable ground surface--walls develop cracks, doors stick, and floors rise and fall. "If you put a marble on the floor, in one year it'll roll in one direction; in the next year it'll go the other direction," Parks said. The symptoms Parks described are consistent with those of an area that sits on top of thawing permafrost, Osterkamp said. Permafrost occurs under about 85 percent of Alaska's surface area; patches of permafrost can be found as far south as Anchorage. If thawing permafrost is Kipnuk's problem, the villagers aren't alone. Osterkamp's recent measurements show that all permafrost south of the Yukon River is warming, and in most cases there isn't one degree left between ice and water. Osterkamp monitors the temperature of permafrost with a network of one-inch holes drilled in permafrost throughout the state. The holes, located near Fairbanks, Anchorage, Bethel, Glennallen, Eagle, and other towns and villages, have all been telling the same story. Since 1989, each time Osterkamp has checked the temperatures of permafrost at depths from 10 to 25 meters, the permafrost has crept closer to the melting point. A test site off Stampede Trail in Healy provides an example of what's happening to permafrost south of the Yukon River. In 1989, the permafrost temperature 10 meters under the surface was about -1.27 degrees Celsius. In 1990, the Stampede Trail permafrost warmed to -1.07 degrees. The permafrost has warmed steadily since. When Osterkamp checked in July, 1996, the permafrost 10 meters deep was about -0.7 degrees Celsius. These tenths of a degree might not seem significant, but Osterkamp pointed out there's not much more warming that can occur before the Stampede Trail permafrost is no longer frozen. There are two possible reasons why the permafrost has warmed south of the Yukon River, Osterkamp said. Permafrost may be responding to a warmer climate, or it may reflect the amount of snow that insulates the ground. Whatever the cause, permafrost or a sudden lack thereof may catch the attention of many Alaskans in the near future. "If this (widespread permafrost thaw) comes about, it will change the face of southern Alaska," Osterkamp said. In addition to creating roller coaster roads and tilting buildings, thawing permafrost often causes large sections of forest to collapse, killing trees and other vegetation that live on a foundation of permafrost. The future of permafrost south of the Yukon River isn't promising, Osterkamp said. He cited computer models that predict a 3- to 5-degree Celsius warming in the next 50 years. "If that really occurs, it will thaw all of the permafrost south of the Yukon and most of it south of the Brooks Range," he said. That's a chilling thought. [Water, Snow and Ice Index][Main Index] 6. Bethel River Bank Erosion Sketch APPENDIX I 1. Agency and Public Comments REPLY TO ATTENTION OF: DEPARTMENT OF THE ARMY S. ARMY ENGINEER DISTRICT, ALASKA O. BOX 6898 ELMENDORF AFB , ALASKA 99506-6898 MA'JJ 1 0 2004 TI IE lE 0 \f lE r;:;'\ Regulatory Branch North Section POA-2003-0375 Mr. Bob Charles President Nuvista Light and Power Company 301 Calista Court, Suite A Anchorage, AK 99518-3028 Dear Mr. Charles: This letter is in response to your request for our review of the Donlin Creek Mine Power Supply Feasibility Study We appreciate being kept apprised of the proj ect development and schedule. A cursory review of the Executive Summary identified several comment items. As noted on page 1-1.23, the Corps of Engineers (Corps) feels that the Bethel power plant and transmission line are an integral component of the Donlin Creek Mine proj ect and should be included in the National Environmental Policy Act (NEPA) assessment. The onus of responsibility to demonstrate that the Donlin Creek Mine Power Supply Project is a stand alone proj ect and would be considered economically feasible separate from the Donlin Creek Mine project, is upon you. You must convince the Corps that the power plant in Bethel has independent utility and is not dependent upon the economic development of the Donlin Creek Mine. Tiering the NEPA analysis of the mine project off the power plant/transmission line Environmental Impact Statement would be satisfactory to the Corps. Table 1-12 notes that Section 10 permits are required for work performed in navigable waters below the ordinary high water mark. Permits are required tor work "over " navigable waters as well, and in tidal waters the regulated area is below the mean high water line. This is pertinent to the transmission line and activities associated with the "transload point" development. If you have any questions, please contact me at 753-2716 or e-mail me at mary. f .leykom. usace. army .mil. Sincerely, Mary Leykom Regulatory Sp ~ ialist/Biologist DENALI COMMISSION 510 "L" Street , Suite 410 Anchorage AK 99501 Matthew Nicolai President/CEO Calista Corportation 301 Calista Court, Suite A Anchorage , AK 99518-3028 Dear .~Nicolai: This is in response to your April 1 , 2004 letter which transmitted the Donlin Creek Mine Power Supply Feasibility Study. While we believe the study provides some excellent information and analysis , the Commission chose not to offer specific comments on the study at this time because the context for the decisions regarding energy supply for the Donlin Creek Mine is still evolving. (907) 271-1414 Fax (907) 271-1415 Toll Free (888) 480-4321 www.denali,gov May 24 , 2004 We understand that Calista s interest in energy for the region is much broader than just the Donlin Creek mine. The same is true for the Denali Commission. However, the mine is the driver for the immediate decisions that must be made. We therefore believe is prudent to allow Placer Dome , Inc. and Nova Gold , Inc. to evaluate available alternatives and decide how their energy needs can best be met. There may then be some role the Commission can play in helping to make that choice become a reality though the cost of the energy supply for the project needs to primarily be borne by the project. Additionally we are hopeful that the energy choice made for the mine will result in some new opportunities to lower the cost of energy for communities in the regIOn. We are advised that Placer Dome , Inc. and Nova Gold , Inc. will be making preliminary energy supply issues in the next few months. We look forward to those decisions and to working with you and others to make the mine a reality and to bring lower cost energy to the region. nce lY' C-) ~~~ Chief of Staff cc:J Bob Charles , President Nuvista Light & Power Company Ron Miller , Executive Director AIDEA/ AEA BUREAU OF LAND MANAGEMENT Alaska State Office 222 West Seventh Avenue, #13 Anchorage , Alaska 99513-7599 http://www.ak.blm.gov TAKE PRIDE-INAMERICA United States Department of the Interior MAY 2 6 2004 Mr. Bob Charles, President Nuvista Light and Power 301 Calista Court, Suite A Anchorage AK 99518 Dear Mr. Charles: Thank you for the opportunity to review the Donlin Creek Mine Power Supply Feasibility Study of March 24 , 2004. It is a very comprehensive document and obviously the result of considerable effort by your company. It appears the potential routes shown for the power lines avoided BLM administered federal land to the extent possible. Our rough calculations indicate that approximately 23 miles of the total 191 miles are on BLM administered public land. Of the 23 miles, all but approximately one mile are on federal land selected by the TKC Native Corporation. If any of the selected lands are not conveyyd by the time the power line construction begins and for the one mile of power line on the un selected public land , a right of way from BLM would be required. The power line, Donlin Creek Mine and the State of Alaska Yukon-Kuskowim road projects will require that environmental impact statements or environmental assessments be prepared for each or combined into one or more documents since they are potentially interrelated. At this time , it has not been detennined which agencies would be involved and how comprehensive an analysis would be required since the scope of the projects has not been fully detennined. We appreciate that you are keeping us informed of the status of your project and request that you continue to do so. It is important that we work together to assure your project continues on schedule. Please contact June Bailey, the Anchorage Field Office Manager with any information regarding the progress of your project and the need for rights of way or other authorizations on BLM administered federal land. ACllNG Sincerely, h~ e- ASSOCIATE Henri Bisson State Director n reCEIVE May 7 , 2004 ~ ~~ ~ !YI1TIVE CO~~ Calista Corporation Axel C. Johnson Building 301 Calista Court Suite A Anchorage , AK 99518-3028 Attn: Matthew Nicolai , President RE: Proposed Coal-Fired Generation Plant in Bethel Dear Matthew: Bethel Native Corporation (BNC) held its Thirtieth Annual Shareholders meeting this past weekend in Bethel. There were approximately two hundred people attendance. During the question and answer portion of the agenda , the subject of Calista Corporation constructing a coal-fired generation plant in Bethel was discussed. After considerable discussion concerning the environmental and health impact of this project , the Shareholders unanimously approved a motion to oppose the construction and operation of a coal-fired generation plant in Bethel. The Shareholders asked that I personally inform you of their decision. BOX 719 . BETHEL, ALASKA 99559 . (907) 543-2124 FAX (907) 543-2897 Nuvista Light & Power May 5, 2004, Page 1 of 2 USIBELLI COAL MINE, INC. PO Box 1000 • Healy, Alaska 99743 Telephone (907) 683-2226 • Facsimile (907) 683-2253 May 5, 2004 Mr. Bob Charles, President Nuvista Light and Power Company 301 Calista Court, Suite A Anchorage, Alaska 99518 Re: Donlin Creek Mine Power Supply Feasibility Study Dear Mr. Charles, I am in receipt of the Public Draft of the above referenced study. Although I was not able to perform a thorough review of the total report, following are a few comments, which hopefully will be useful and improve the project’s feasibility. In general, I am disappointed that Usibelli coal did not measure up to imported coal in your analysis, though I do understand the economic challenges the project faces and the necessity to minimize project costs. We continue to look at ways to improve the economics for Alaskan coal so that it is a cost effective fuel for reducing the cost of energy for Western Alaska residents. Hopefully, your consultant can agree with some of the comments herein, which will tend to improve the economics of utilizing coal from our Healy mine. In any event, it would be a big mistake to design the boilers so that they are restricted to using high grade bituminous coal. With the exception of the Western Arctic coal field, the vast majority of Alaskan, and world, coal resources potentially accessible to the coast (such as in Cook Inlet) are low rank coals. High rank bituminous coals are becoming more and more in demand and a recent doubling of coal prices in the Pacific Rim should serve as a stark demonstration that maintaining fuel flexibility in the plant would yield substantial savings in the long run, regardless of where you source fuel supplies. Usibelli coal quality used in the analysis is below normal specifications. The study uses an as mined quality of 7,128 Btu/lb and an MAF value of 10,800 Btu/lb. I do not know the source of the information on coal quality, however, all of the data published by ourselves pegs typical as- mined quality at 7,800 Btu/lb and our data and various government reports lists MAF values of 11,800 to 12,100 Btu/lb for coals in the Healy area, Suntrana Formation. Nuvista Light & Power May 5, 2004, Page 2 of 2 The need for a covered storage pile is questionable. I have visited many power plants, coal mines and ship loading facilities and I am not aware of any which store the volume of coal you will be storing under cover. Some of our customers have stockpiles that have been static for decades and we routinely build stockpiles that store coal in excess of one year. The remark that it cannot be stored more than 60 days “without extensive monitoring and safety measures” is overly pessimistic. Proper shaping and a little compaction, such as that achieved by spreading with a bull dozer can adequately prepare a pile for a year’s storage. Proper shaping and compaction will reduce the potential for spontaneous combustion and infiltration of water and snow to an acceptable level. If additional protection is needed, a relatively low cost surface spray can be applied. Covering the storage pile will increase risk of loss due to fire. Any high volatile coal is subject to spontaneous heating and ignition, though low rank coals are clearly more susceptible. Another issue with bituminous coals is that they are more likely to release methane gas and the oxidation of any coal in a stockpile can create potentially explosive gas concentrations. Even with aggressive ventilation, there may be dead spots where gasses could accumulate. If spontaneous heating occurs in the pile, it will be difficult and dangerous to deal with the hot spot in a closed structure. In total, a covered stockpile is probably not a good idea and substantial cost savings would result from utilizing a more conventional approach in both stockpile/reclaim equipment cost and operating cost. Wind loss assumption appears excessive. It seems rather far fetched that a coal pile could loose up to 5% of its volume from wind. The mine mouth plant in Healy works from an open stockpile and I would be surprised if the wind losses are a fraction of one percent and this area is called Windy Pass for good reason. The assumed ocean freight rate of $12.50 is low for today’s market. Current freight rates for Panamax coal cargos from Roberts Bank to Japan are around $24 per metric ton. For comparison, assume about 2/3’rds of the cost would be transit cost and the remainder is load/unload cost. Since the voyage to Security Bay is about half the distance to Japan, this would suggest a cost of around $16 per ton if you were using Panamax size vessels. The proposed geared handy size vessels would cost more, so a price of $20 to $25 per ton would be more likely. Thank you for the opportunity to comment on this report. Time constraints prevented me from looking outside coal supply related issues or doing the depth of review I might have liked. Hopefully, these comments will be useful to you and help improve project economics in a few areas. Sincerely, Steve W. Denton VP Business Development From: Bob Charles [bcharles@calistacorp.com] Sent: Friday, April 09, 2004 9:16 AM To: fbettine@acsalaska.net Cc: June McAtee; Jeff Foley Subject: FW: Proposed Nuvista Power Line Route FYI -----Original Message----- From: Mark Leary [mailto:napaimute@avcp.org] Sent: Friday, April 09, 2004 8:53 AM To: Bob Charles Cc: msherer@gci.net; platinum@alaska.net; bobby_kristovich@hotmail.com; BriKare@gci.net; bobkris@gci.net; msherer@citci.com; kmmcintire@anmc.org Subject: Proposed Nuvista Power Line Route Good Morning Bob, I've been studying the Public Draft Donlin Creek Mine Power Supply Feasibility Study. One thing that has come to my attention is the proposed route of the power line - especially segment J - K. This proposed segment shows the power line running to Napaimute or very close to it. This is very appealing to us and something that I believe Napaimute would support, but we need to be included in the planning process. Napaimute isn't mentioned any where in the feasiblity study. I have attached a map of Napaimute's land selections that demonstrate the need for us to be involved. We have been working on this for three years, long before we heard any thing about supplying power to Donlin Creek from Bethel, yet you can see that we selected right of ways that coincide almost exactly with parts of the proposed power line route. We did this in anticipation that any future road or utility corridor would most likely run very close to Napaimute or at least to the north of us. The final draft of Napaimute's Comprehensive Development Plan should be completed in June. A copy will be provided to Calista that will show in greater detail the extensive planning that has been done for Napaimute that will allow the community to develop in conjunction with the up coming large scale regional developments. We look forward to working closely with Calista to help bring these developments to reality. Thank you. Mark Leary Tribal Administrator Native Village of Napaimute P.O. Box 1301 Bethel, Alaska 99559 Ph: (907) 543-2887 or (907) 467-6170 (Napaimute Office) Fax: (907) 543-2892 or (907) 467-6171 (Napaimute Office) email: napaimute@avcp.org (Bethel Office) napaimute@starband.net (Napaimute Office) From: Bob Charles [bcharles@calistacorp.com] Sent: Wednesday, April 14, 2004 10:22 AM To: Frank Bettine Subject: FW: Donlin Power Study -----Original Message----- From: Mark Teitzel [mailto:mteitzel@avec.org] Sent: Wednesday, April 14, 2004 10:09 AM To: Bob Charles Cc: Mark Teitzel Subject: RE: Donlin Power Study Bob: Thank you for the Section on Alternatives. It seems to mirror the excellent presentation that Frank Bettine gave at the Economic Summit. I am very impressed with the level of thought and detail that went into the overall report and hope to find time to read it in more detail. Mark -----Original Message----- From: Bob Charles [mailto:bcharles@calistacorp.com] Sent: Wednesday, April 14, 2004 9:51 AM To: Mark Teitzel Subject: FW: Donlin Power Study Hi, Attached is Section III-4 Other Power Alternatives for Volume I of the 2004 Donlin Creek Power Supply Feasibility Study. This section was not included in the draft report on CD that was sent earlier. It will be included in the final report. Volume I of the report is available for download at our website: http://www.calistacorp.com/energy.html Regards, Bob Charles Vice-President, Government and Corporate Relations Calista Corporation 301 Calista Court, Suite A Anchorage, AK 99518 ph (907) 279-5516 fax (907) 272-5060 cell (907) 242-5715 -----Original Message----- From: Bob Charles [mailto:bcharles@calistacorp.com] Sent: Thursday, May 06, 2004 2:33 PM To: fbettine@acsalaska.net Cc: Jeff Foley; June McAtee Subject: FW: Donlin Creek Study Importance: High FYI -----Original Message----- From: Donald Bonk [mailto:DONALD.BONK@NETL.DOE.GOV] Sent: Thursday, May 06, 2004 12:48 PM To: Bob Charles Subject: Donlin Creek Study Importance: High ** High Priority ** Dear Bob, I have had a chance to review the Donlin Creek Power Study and it appears to be an extremely well done comprehensive analysis of the options for this power project. My comments are few. The report states that PFBCs have never been built. That is totally incorrect. Eight commercial size bubbling bed PFBCs have been built around the world and 7 are still in operation. These units range in size from 80 to 300 MWe. The single 79MWe unit built in the United States is not in service. It was a demonstration unit only and not intended to operate pass its demonstration period. At this time a Pennsylvania firm is considering building the ninth PFBC type power plant. US DOE suggested the use of a circulating bed PFBC and only one of these has been built and successfully operated at a 15 MWth size in Germany. This unit demonstrated that operation and performance of the pressurized circulating design with filters is superior to the bubbling bed designs. This finding is consistent with the experience of the power industry on the over 400 Atmospheric Fluidized Bed Combustor (AFBC). The number of commercial circulating FBC outnumbers bubbling FBC units by a factor approaching 12 to 1. While the conclusion by Nuvista Light and Power Company to build 2-48 MWe Pulverized Coal (PC) power plants represent a very good choice, but maybe not the best choice. I believe it is shortsighted. The proposed PC units will provide excellent service when fired with the specified British Columbian coal. PC units have some degree of fuel flexibility, but a not as fuel flexible as the over 400 circulating atmospheric fluidized bed (ACFB) unit now in operation. If price and/or other factors hamper the use of the specified coal, switching to other coals or solid fuel can be difficult with PC units. It is my understanding that disposal of municipal waste and sewage (sludge) are major issues for the city of Bethel, Alaska. ACFB units, demonstrate superior fuel flexibility would allow the city to dispose of these troublesome byproducts of modern life while producing power and reducing the amount of coal imported. Grant use of these fuel sources would slightly increase capital and operating costs but, the benefits to the Bethel region and Kuskokwim river delta far outweigh these costs. These additional costs can be displaced by tripping fees. Thank You for the opportunity to comment on this excellent study that demonstrates once again that coal is the most economical fuel and that it can be used in an environmental acceptable manner. Donald Bonk Public Hearing –Bethel, Alaska May 13, 2004 Audio tapes of the Bethel Public Hearing are on file at the Nuvista Light & Power, Co./Calista Corporation Offices located at 301 Calista Court, Anchorage, AK.