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HomeMy WebLinkAboutBPMC March 22, 2019BRADLEY LAKE PROJECT MANAGEMENT COMMITTEE REGULAR MEETING Friday,March 22,2019 Anchorage,Alaska ORAS. 1.CALL TO ORDER Chair Cory Borgeson called the regular meeting of the Bradley Lake Project Management Committee to order at 10:00 a.m.on March 22,2019.A quorum was established. 2.ROLL CALL FOR COMMITTEE MEMBERS Cory Borgeson (Golden Valley Electric Association);Bryan Carey (Alaska Energy Authority);Bradley Janorschke (Homer Electric Association);Lee Thibert (Chugach Electric Association);Tony Izzo (Matanuska Electric Association);Mark Johnston (Municipal Light &Power);and John Foutz (City of Seward). 3.PUBLIC ROLL CALL Telephonic participants:Emily Hutchinson (Homer Electric Association (HEA);Crystal Enkvist (Alaska Power Association and Areca Insurance Exchange)and a representative of Golden Valley Electric Association (GVEA). Jeff Warner (Municipal Light &Power (ML&P);Bob Day (Homer Electric Association (HEA) and Bradley Lake);Stefan Saldanha (Department of Law);Ron Woolf (Golden Valley Electric Association (GVEA);Jocelyn Garner (Alaska Energy Authority (AEA);Ashton Compton (AEA);Brandi White (AEA);Kirk Warren (AEA):Larry Jorgenson (Homer Electric Association (HEA);Ron Rebenitsch (Energy Engineering,Inc.);Kirk Gibson (McDowell Rackner &Gibson PC (MRG);Tony Zellers (Matanuska Electric Association (MEA);David Pease (MEA);Russ Thornton (Chugach Electric Association (CEA);Burke Wick (CEA);Brian Hickey (CEA);Mollie Morrison (Municipal Light &Power (ML&P);Emma Henderson (Municipal Light &Power (ML&P)and Bernie Smith (Public). 4.PUBLIC COMMENTS There were no public comments. 5.AGENDA APPROVAL MOTION:Mr.Johnston made a motion to approve the agenda.Motion was seconded by Mr.Foutz. Hearing and seeing no objection,the agenda was approved. 6.PRIOR MINUTES -January 25,2019 Bradley Lake Project Management Committee Minutes 3/22/19 Page 1 of 5 MOTION:Mr.Thibert made a motion to approve the minutes of January 25,2019. The motion was seconded by Mr.Janorschke. The motion to approve the minutes of January 25,2019 passed unanimously by voice vote. 7.NEW BUSINESS A.-Bradley FY2020 Budget Approval MOTION:Mr.Janorschke made a motion to approve the budget.The motion was | seconded by Mr.Foutz. Ron Woolf,CFO at Golden Valley Electric Association and Chair of the Budget Subcommittee for Bradley Lake,noted that the total proposed budget for Bradley FY2020 is $21.4 million which is an increase of $475,000 over the previous year.He said the budget was driven on the revenue side by an increase of $577,000 in utility contributions and a decrease of a little less than $102,000 of interest income.He added that the R&C fund is down $624,000.He explained the increase in the budget is being driven by Operations and Maintenance which is up $563,574 as well as a $412,500 increase in the non-R&C fund capital purchases. Mr.Woolf said that he had been looking for ways to reduce the budget,but during a joint meeting with O&D and budget committee,the budget was actually increased about $100,000 because the O&D contract required two operators at all time at the Bradley Lake Plant. In response to Mr.Janorschke's request for clarification on the postponement of the Battle Creek Bridge repair,Mr.Day explained that there are more critical issues to address right now and the repair could be deferred.The worry,he pointed out,is that the bridge might eventually fall into the salmon stream which would then have some environmental impact, but,he added,that it is in no immediate danger of doing so. After discussion whether to take out the $220,000 for the Battle Creek Bridge Repair Refurbishment,it was decided to leave the project in.Mr.Day said he would have an update at the next meeting after discussions with the new project manager on site whether it might do the work ona fill-in basis at a much reduced rate. The motion to approve the Bradley FY2020 Budget as submitted passed unanimously by roll call vote. B.Battle Creek Project Update While the project update would be heard in Open Session,Chair Borgeson's suggestion to move the Executive Session regarding legal and financial matters about the Battle Creek Project to a later time in the agenda was approved without objection. Bradley Lake Project Management Committee Minutes 3/22/19 Page 2 of 5 Mr.Carey provided the Battle Creek Project Update.Mechanical problems had delayed a March 19 mobilization to April 5 when the contractor anticipates getting a barge with the equipment on site.He said the access roads should be cleared of snow in two weeks so work can start on blasting and laying the pipe. Mr.Carey said under current resources,the contractor believes it will not be able to complete the project until late 2020 which is past the contract time period.The contractor provided AEA with two draft schedules,one of which includes double shifting the blasting and double shifting the laying of pipe.If the double shifting is approved,it is possible the project could be completed at the end of 2019 but would incur additional costs.The contractor has wrapped those additional costs into what it considers change orders which AEA disagrees with.AEA has requested specific information to back up the contractor's claims for change orders.Unit cost-wise,Mr.Carey noted that the lower access road was completed under what was estimated while the upper access road will involve greater rock excavation and less wall construction than estimated.He added there are still other unknowns. 8.COMMITTEE ASIGNMENTS A.Budget Subcommittee -Budget to Actual Jocelyn Garner of AEA reviewed the Budget Report through December 2018.The Balance Sheet and Income Statement for the Bradley Lake Project as a whole showed a surplus of only $500,000 since only half of the revenues have been collected and only half of the expenses have been spent.The document showed the revenues collected from the Battle Creek Participating Utilities,noting that expenses are under because of the IRS subsidy which is not budgeted for.She continued to identify the details in her report including capital purchases not funded by the R&C Fund and O&M Detail for Bradley Lake.Currently $1.7 million of the $4.7 budget has been spent.Ms.Garner noted the bills will be increased January through June due to the budget amendment passed in February 2019 with billing at the new O&M contract rates.She pointed out R&C Funded Projects which include Equipment Storage Shed,Emerson Operating System Upgrade,and the Generator #2 Replacement.She concluded her report with what has been spent on Battle Creek administrative costs. B.Operators Report Mr.Day reviewed the Operator Report,correcting an error on page 2 of the report by noting that Unit 2 was basically unavailable during February. His Power Point presentation illustrated the details of critical generator and turbine issues which,he said,could have resulted in unmitigated disasters had they not been corrected. One problem was the exciter bus which,he said,was not in good shape.There was not much left of the insulator after it had basically been "cooking”since day one.It was repaired and replaced.He noted that an inspection of Generator 2 revealed cracks in five outer pole field connections requiring replacement.A third problem was cracking in the Bradley Lake Project Management Committee Minutes 3/22/19 Page 3 of 5 divider plates which was thought to have resulted from improper welding procedures.Mr. Day said it is suspected that Unit 1 may have similar issues with the field pole connections and the dividers as Unit 2.His report included many technical details describing how the system works. Mr.Izzo asked whether the failure of the dividers is related to fatigue or stress or at a certain life cycle of the components.Mr.Day said he was convinced that the problem was created by improper weld procedures in the field. Mr.Wick clarified that the modification will be a single monolithic piece. Responding to Mr.Thibert's concern with introducing bolts,Mr.Day said a keeper plate will be placed on the back end to keep them from rotating and then they will be tack welded to that keeper plate. Chair Borgeson wanted to clarify the scope of the project in terms of finances and time.He asked if units could be back on in eight to ten days,but Mr.Day thought 20 or 21 days would be a more valid expectation.Regarding the cost of fixing the three problems,Mr. Day pointed out that he had been authorized $950,000 for the generator repair and he is well under budget,although all the bills have not yet come in.All the work is being done under the generator repair. C.O&D Report With Pete Saraurer unavailable telephonically,Bob Day filled in to provide the Bradley O&D Report.Mr.Day said work on Unit 2 is almost complete.He noted that the start-up run through is still pending.Canyon and Hydro will have to be brought back to finish that. If there are no major alignment issues,he expects that could be a two or three-day process but the dividers have to be repaired before that can be started.When he is able to determine the status of the poles on Unit 1,he said he would have a clearer path forward. Mr.Day advised that Chugach had completed its work on the line the southern tie was back in service by Wednesday after noon. Chair Borgeson assigned the O&D to develop key performance metrics and indicators for the Bradley Lake project and report its findings to the BPMC as part of the Operators Report. The O&D Committee was also assigned to review and reevaluate the contractual requirement of staffing at the project and report its findings to BPMC. 9.EXECUTIVE SESSION MOVED TO ITEM 11 ON AGENDA;MEMBERS COMMENTS MOTION:Mr.Johnston moved to change the order of the agenda and move number 9 after number 11 so that the group can address member comments,the next meeting date, Bradley Lake Project Management Committee Minutes 3/22/19 Page 4 of 5 adding that the board could adjourn when it comes out of Executive Session.Without objection,his motion was approved. Mr.Foutz welcomed Curtis Thayer as AEA executive director and Ashton Compton as his new executive assistant. Mr.Janorschke and Mr.Thibert expressed appreciation to the budget committee and to the O&D Committee. Mr.Carey said that AEA had notified that the alternate for BPMC is AEA's new executive director Curtis Thayer.He added that calls from Mexico would not be accepted for future BPMC meetings since a recent meeting had been considerably delayed due to the call-in code being compromised. Mr.Johnston joked that he was in his office,not in Mexico. Chair Borgeson thanked everyone for all the work on the O&M Agreement.He also recognized Teri Webster for her great work as former AEA administrative assistant. Mr.Foutz wished everyone to have a great Seward's Day. 10.NEXT MEETING DATE Committee members concurred with the recommendation to move the next regular meeting of the Bradley Lake Project Management Committee to May 17,2019. 11.EXECUTIVE SESSION -BATTLE CREEK MOTION:A motion was made by Mr.Johnston to go into Executive Session to discuss legal and financial matters related to Battle Creek contract project.Mr.Foutz seconded the motion. The motion was approved unanimously by voice vote. Chair Borgeson said that it was at the utilities'discretion to have representatives stay for the Executive Session. The Board went into executive session at 11:02 a.m.and reconvened its regular meeting at approximately 11:54 a.m. At the conclusion of the Executive Session,Chair Borgeson said there was no action taken during Executive Session. 12.ADJOURNMENT There being no further business for the committee,the meeting adjourned at 11:57 p.m. Bradley Lake Project Management Committee Minutes 3/22/19 Page 5 of 5 a BY:_fon,4poRorBorgen,Abdi” Attest: Alaska Energy Authority,'Secretary Bradley Lake Project Management Committee Minutes 3/22/19 Page 6 of 5 .BRADLEY LAKE PROJECT MANAGEMENT COMMITTEE REGULAR MEETING Friday,March 22,2019 Anchorage,Alaska ps 1.CALL TO ORDER C Chair Cory Borgeson called the regular meeting of the Bradley Lake Project Management Committee to order at 10:00 a.m.on March 22,2019.A quorum was established. 2.ROLL CALL FOR COMMITTEE MEMBERS Cory Borgeson (Golden Valley Electric Association);Bryan Carey (Alaska Energy Authority);Bradley Janorschke (Homer Electric Association);Lee Thibert (Chugach Electric Association);Tony Izzo (Matanuska Electric Association);Mark Johnston (Municipal Light &Power);and John Foutz (City of Seward). 3.PUBLIC ROLL CALL Telephonic participants:Emily Hutchinson (Homer Electric Association (HEA);Crystal Enkvist (Alaska Power Association and Areca Insurance Exchange)and a representative of Golden Valley Electric Association (GVEA). Jeff Warner (Municipal Light &Power (ML&P);Bob Day (Homer Electric Association (HEA) and Bradley Lake);Stefan Saldanha (Department of Law);Ron Woolf (Golden Valley Electric Association (GVEA);Jocelyn Garner (Alaska Energy Authority (AEA);Ashton Compton (AEA);Brandi White (AEA);Kirk Warren (AEA):Larry Jorgenson (Homer Electric Association (HEA);Ron Rebenitsch (Energy Engineering,Inc.);Kirk Gibson (McDowell Rackner &Gibson PC (MRG);Tony Zellers (Matanuska Electric Association (MEA);David Pease (MEA);Russ Thornton (Chugach Electric Association (CEA);Burke Wick (CEA);Brian Hickey (CEA);Mollie Morrison (Municipal Light&Power (ML&P);Emma Henderson (Municipal Light &Power (ML&P)and Bernie Smith (Public). 4.PUBLIC COMMENTS There were no public comments. 5.AGENDA APPROVAL MOTION:Mr.Johnston made a motion to approve the agenda.Motion was seconded by Mr.Foutz. Hearing and seeing no objection,the agenda was approved. 6.PRIOR MINUTES -January 25,2019 Bradley Lake Project Management Committee Minutes 3/22/19 Page 1 of 5 MOTION:Mr.Thibert made a motion to approve the minutes of January 25,2019. The motion was seconded by Mr.Janorschke. The motion to approve the minutes of January 25,2019 passed unanimously by voice vote. 7.NEWBUSINESS A.Bradley FY2020 Budget Approval MOTION:Mr.Janorschke made a motion to approve the budget.The motion was . seconded by Mr.Foutz. Ron Woolf,CFO at Golden Valley Electric Association and Chair of the Budget Subcommittee for Bradley Lake,noted that the total proposed budget for Bradley FY2020 is $21.4 million which is an increase of $475,000 over the previous year.He said the budget was driven on the revenue side by an increase of $577,000 in utility contributions anda decrease ofa little less than $102,000 of interest income.He added that the R&C fund is down $624,000.He explained the increase in the budget is being driven by Operations and Maintenance which is up $563,574 as well as a $412,500 increase in the non-R&C fund capital purchases. Mr.Woolf said that he had been looking for ways to reduce the budget,but during a joint meeting with O&D and budget committee,the budget was actually increased about $100,000 because the O&D contract required two operators at all time at the Bradley Lake Plant. In response to Mr.Janorschke's request for clarification on the postponement of the Battle Creek Bridge repair,Mr.Day explained that there are more critical issues to address right now and the repair could be deferred.The worry,he pointed out,is that the bridge might eventually fall into the salmon stream which would then have some environmental impact, but,he added,that it is in no immediate danger of doing so. After discussion whether to take out the $220,000 for the Battle Creek Bridge Repair Refurbishment,it was decided to leave the project in.Mr.Day said he would have an update at the next meeting after discussions with the new project manager on site whether it might do the work on a fill-in basis at a much reduced rate. The motion to approve the Bradley FY2Z020 Budget as submitted passed unanimously by roll call vote. B.Battle Creek Project Update While the project update would be heard in Open Session,Chair Borgeson's suggestion to move the Executive Session regarding legal and financial matters about the Battle Creek Project to a later time in the agenda was approved without objection. Bradley Lake Project Management Committee Minutes 3/22/19 Page 2 of 5 Mr.Carey provided the Battle Creek Project Update:Mechanical problems had delayed a March 19 mobilization to April 5 when the contractor anticipates getting a barge with the equipment on site.He said the access roads should be cleared of snow in two weeks so work can start on blasting and laying the pipe. Mr.Carey said under current resources,the contractor believes it will not be able to complete the project until late 2020 which is past the contract time period.The contractor provided AEA with two draft schedules,one of which includes double shifting the blasting and double shifting the laying of pipe.If the double shifting is approved,it is possible the project could be completed at the end of 2019 but would incur additional costs.The contractor has wrapped those additional costs into what it considers change orders which AEA disagrees with.AEA has requested specific information to back up the contractor's claims for change orders.Unit cost-wise,Mr.Carey noted that the lower access road was completed under what was estimated while the upper access road will involve greater rock excavation and less wall construction than estimated.He added there are still other unknowns. 8.COMMITTEE ASIGNMENTS A.Budget Subcommittee -Budget to Actual Jocelyn Garner of AEA reviewed the Budget Report through December 2018.The Balance Sheet and Income Statement for the Bradley Lake Project as a whole showed a surplus of only $500,000 since only half of the revenues have been collected and only half of the expenses have been spent.The document showed the revenues collected from the Battle Creek Participating Utilities,noting that expenses are under because of the IRS subsidy which is not budgeted for.She continued to identify the details in her report including capital purchases not funded by the R&C Fund and O&M Detail for Bradley Lake.Currently $1.7 million of the $4.7 budget has been spent.Ms.Garner noted the bills will be increased January through June due to the budget amendment passed in February 2019 with billing at the new O&M contract rates.She pointed out R&C Funded Projects which include Equipment Storage Shed,Emerson Operating System Upgrade,and the Generator #2 Replacement.She concluded her report with what has been spent on Battle Creek administrative costs. B.Operators Report Mr.Day reviewed the Operator Report,correcting an error on page 2 of the report by noting that Unit 2 was basically unavailable during February. His Power Point presentation illustrated the details of critical generator and turbine issues which,he said,could have resulted in unmitigated disasters had they not been corrected. One problem was the exciter bus which,he said,was not in good shape.There was not much left of the insulator after it had basically been "cooking”since day one.It was repaired and replaced.He noted that an inspection of Generator 2 revealed cracks in five outer pole field connections requiring replacement.A third problem was cracking in the Bradley Lake Project Management Committee Minutes 3/22/19 Page 3 of 5 divider plates which was thought to have resulted from improper welding procedures.Mr. Day said it is suspected that Unit 1 may have similar issues with the field pole connectionsandthedividersasUnit2.His report included many technical details describing how the system works., Mr.Izzo asked whether the failure of the dividers is related to fatigue or stress or at a certain life cycle of the components.Mr.Day said he was convinced that the problem was created by improper weld procedures in the field. Mr.Wick clarified that the modification will be a single monolithic piece. Responding to Mr.Thibert's concern with introducing bolts,Mr.Day said a keeper plate will be placed on the back end to keep them from rotating and then they will be tack welded to that keeper plate. Chair Borgeson wanted to clarify the scope of the project in terms of finances and time.He asked if units could be back on in eight to ten days,but Mr.Day thought 20 or 21 days would be a more valid expectation.Regarding the cost of fixing the three problems,Mr. Day pointed out that he had been authorized $950,000 for the generator repair and he is well under budget,although all the bills have not yet come in.All the work is being done under the generator repair. C.-O&D Report With Pete Saraurer unavailable telephonically,Bob Day filled in to provide the Bradley O&D Report.Mr.Day said work on Unit 2 is almost complete.He noted that the start-up run through is still pending.Canyon and Hydro will have to be brought back to finish that. If there are no major alignment issues,he expects that could be a two or three-day process but the dividers have to be repaired before that can be started.When he is able to determine the status of the poles on Unit 1,he said he would have a clearer path forward. Mr.Day advised that Chugach had completed its work on the line the southern tie was back in service by Wednesday after noon. Chair Borgeson assigned the O&D to develop key performance metrics and indicators for the Bradley Lake project and report its findings to the BPMC as part of the Operators Report. The O&D Committee was also assigned to review and reevaluate the contractual requirement of staffing at the project and report its findings to BPMC. 9.EXECUTIVE SESSION MOVED TO ITEM 11 ON AGENDA;MEMBERS COMMENTS MOTION:Mr.Johnston moved to change the order of the agenda and move number9 after number 11 so that the group can address member comments,the next meeting date, Bradley Lake Project Management Committee Minutes 3/22/19 Page 4 of 5 adding that the board could adjourn when it comes out of Executive Session.Without objection,his motion was approved. Mr.Foutz welcomed Curtis Thayer as AEA executive director and Ashton Compton as his new executive assistant. Mr.Janorschke and Mr.Thibert expressed appreciation to the budget committee and to the O&D Committee. Mr.Carey said that AEA had notified that the alternate for BPMC is AEA's new executive director Curtis Thayer.He added that calls from Mexico would not be accepted for future BPMC meetings since a recent meeting had been considerably delayed due to the call-in code being compromised. Mr.Johnston joked that he was in his office,not in Mexico. Chair Borgeson thanked everyone for all the work on the O&M Agreement.He also recognized Teri Webster for her great work as former AEA administrative assistant. Mr.Foutz wished everyone to have a great Seward's Day. 10.NEXT MEETING DATE Committee members concurred with the recommendation to move the next regular meeting of the Bradley Lake Project Management Committee to May 17,2019. 11.EXECUTIVE SESSION -BATTLE CREEK MOTION:A motion was made by Mr.Johnston to go into Executive Session to discuss legal and financial matters related to Battle Creek contract project.Mr.Foutz seconded the motion. The motion was approved unanimously by voice vote. Chair Borgeson said that it was at the utilities'discretion to have representatives stay for the Executive Session. The Board went into executive session at 11:02 a.m.and reconvened its regular meeting at approximately 11:54 a.m. At the conclusion of the Executive Session,Chair Borgeson said there was no action taken during Executive Session. 12.ADJOURNMENT There being no further business for the committee,the meeting adjourned at 11:57 p.m. Bradley Lake Project Management Committee Minutes 3/22/19 Page 5 of 5 TJ.BY: cok ory Bore sgn,Ghai aes:Zo tq CA _, Alaska Energy Authority,Secretary Bradley Lake Project Management Committee Minutes 3/22/19 Page 6 of 5 11. 12. BRADLEY LAKE PROJECT MANAGEMENT COMMITTEE (BPMC) REGULAR MEETING Friday,March 22,2019 10:00 a.m. Alaska Energy Authority Board Room 813 W Northern Lights Blvd,Anchorage Teleconference call in number:1-888-585-9008 -Conference room code 134 503 899# AGENDA CALL TO ORDER ROLL CALL FOR COMMITTEE MEMBERS PUBLIC ROLL CALL PUBLIC COMMENTS AGENDA APPROVAL PRIOR MINUTES -Jan 25,2019 NEW BUSINESS A.Bradley FY2020 Budget approval B.Battle Creek Project update COMMITTEE ASSIGNMENTS A.Budget Subcommittee -Budget to Actual B.Operators Report C.O&D Report EXECUTIVE SESSION --Battle Creek MEMBERS COMMENTS NEXT MEETING DATE --May 24,2019 ADJOURNMENT Budget Subcommittee AEA HEA Pete Sarauer BRADLEY LAKE PROJECT MANAGEMENT COMMITTEE MEETING REGULAR MEETING Offices of Chugach Electric,Anchorage,Alaska January 25,2019 1.CALL TO ORDER Chair Borgeson called the regular meeting of the Bradley Lake Hydroelectric Project Management Committee to order at 1:03 p.m.A quorum was established. 2.ROLL CALL FOR COMMITTEE MEMBERS Cory Borgeson (Golden Valley Electric Association [GVEA]);Bryan Carey (Alaska Energy Authority [AEA]);Lee Thibert (Chugach Electric Association [CEA]);Tony Izzo (Matanuska Electric Association [MEA]);Mark Johnston (Anchorage Municipal Light &Power [ML&P]); John Foutz (City of Seward)(arrived late);and Brad Janorschke (Homer Electric Association [HEA]). 3.PUBLIC ROLL CALL Jocelyn Garner (phone)(AEA),Kirk Warren,Teri Webster,(AEA);Amy Fenerty (Aldrich CPAs &Advisors);Sherri Highers (phone),Russell Thornton,Burke Wick (CEA);Ron Rabinovich (phone)(Energy Engineering);Leo Quiachon (phone),Bob Day,Larry Jorgenson (phone)(HEA);Kirk Gibson (McDowell Rackner Gibson,PC);David Pease,Tony Zellers (MEA);Jeff Warner,Molly Morrison (phone)(ML&P);Bernie Smith (Public);and Ladonna Lindley (Accu-Type Depositions). 4,PUBLIC COMMENTS None. 5.AGENDA APPROVAL The agenda was approved as presented. Motion passed unanimously. 6.PRIOR MINUTES -December 7,2018 The Minutes of December 7,2018 were approved as presented. DRAFT BPMC Minutes 1/25/19 Page |of 5 7.NEW BUSINESS A.Bradley O&M Agreement Update Chair Borgeson requested Mr.Gibson provide the Bradley O&M agreement update.Mr.Gibson informed he was overly optimistic about the timing of the settlement at the last meeting.He continues to be optimistic the few remaining issues can be resolved within the next week or so. Mr.Gibson will notify the BMPC if an impasse occurs beyond that time period. Chair Borgeson noted a special telephonic meeting will be scheduled to approve the final settlement.Members were encouraged to engage their legal staff and managers to ensure a timely completion of the agreement. Mr.Carey reported one of the procurement issues involves the decision to either award under an RFP,or award under a sole-source procurement.The decision will be made at the next meeting to either approve anew O&M contract or extend the current O&M contract. Mr.Janorschke brought two specific issues to the BPMC's attention.The first one regards the proposed language the BPMC Chair approves guests and visitors.He noted there has never been a problem in the past and does not feel the language is necessary.The second issue regards the language of more than two,but less than four employees.The operational question arises about safety meetings,foul weather,maintenance projects,trainings,and emergencies.The proposed language,as he understands it,will result in the addition of another employee.It is important the BPMC is aware of the proposal and resultant budget repercussions. Mr.Gibson informed the issues are being addressed and he believes they can be resolved in a reasonable way that does not confine the operator and provides comfort to the utilities. Mr.Thibert is aware of the proposals and agreed the BPMC should not be micromanaging. B.Battle Creek Project Update Mr.Carey provided the Battle Creek project update.The most recent meeting with the contractor was last week and the next is scheduled on February 7.The main contracting staff will arrive in mid-March and will restart the camp with two barges of equipment.The total contracting staff is expected to double this season.Drilling,excavation,and blasting will begin in April,and four drills are anticipated to be active by May.The hope is to be at the diversion site by mid-May.The final completion date of August 2020 is still possible.The project cost is closely tracking its estimations. Mr.Carey noted an inquiry arose regarding AEA's management of labor with the project.Mr. Carey,Kirk Warren,and Betsy McGregor are the only three people at AEA who may direct charge onto the bonds.In 2018,they totaled 662 hours on Battle Creek.There were 11 trips taken and they shared 50/50 with Bradley Lake planned work. DRAFT BPMC Minutes 1/25/19 Page 2 of5 o Ron Rabinovich of Energy Engineering advised the spring schedule is aggressive.He noted the weather during the first few weeks may cause delays. Mr.Thibert asked for an explanation of the timing requirements for contractor change-order submittals.Mr,Carey stated the change orders submitted to-date have used price estimation until pricing can be secured.The change orders have been a small percentage of the project. Some of the change orders have been positive,in terms of reducing the cost of the project.The contractor will submit a claim for change order amounts at the end of the project. Chair Borgeson asked if the pipe has been ordered.Mr.Carey understands Orion (contractor)is visiting a manufacturer in Vancouver this week and expects an order soon.No submittals have been produced.The pipe pricing risk and pipe delivery risk are borne by the contractor.The contractor is aware of the Alaska tide schedule and pipe delivery options.Additional information will be discussed at the next contractor meeting. Chair Borgeson asked if it is possible to see any claims from the contractor in the third year that BPMC prevented the completion in two seasons,and thus,the contractor seeks mobilization from BPMC.Mr.Carey informed that possibility exists and detailed notes have been maintained regarding the process,if a dispute is necessary. Cc.Unit 2 Generator Update Bob Day of HEA reviewed the provided Generator #2 Report.The overhaul of Unit 2 has begun.Canyon Hydro will arrive on January 28 and proceed with pulling the rotor.The schedule within the report is vague and is dependent upon the findings as the work continues. Mr.Day showed pictures of the disassembly and explained the process and mechanics. Coincidently,one of the insulators was damaged completely.The timing of this repair is fortunate and will mitigate any of the potential problems a damaged insulator could have caused. Mr.Day believes the bolt was too loose and did not have the proper torque,either from the long- term installation or a poor connection.All the inspection covers were removed and no other damage was found.Unit 1 will be inspected for insulator damage as soon as possible.Asa result of this damage,a request for a thermal camera in next year's budget will be submitted. 8.COMMITTEE ASIGNMENTS A.Budget Subcommittee -Budget to Actual Jocelyn Garner of AEA reviewed the provided Budget to Actual Expense Report dated July 1, 2018 through November 30,2018.The FY18 portion of the land use refund is $35,289.The total refund was approximately $86,000,and the remainder will be included in the FY19 report. The FY18 legal fees were higher than budgeted.Ms.Garner suggested the Committee discuss raising the budgeted legal fee amount for FY19. Chair Borgeson asked if the current generator work will be reflected in the R&C fund disbursements.Ms.Garner agreed and explained the actual expense amounts will come from the R&C fund and will be listed on the report.There will be no budgeted amount line item for the DRAFT BPMC Minutes 1/25/19 Page 3 of5 « work since the expenditures were approved at a BPMC meeting and not through the budgeting process. Chair Borgeson requested verification the report shows the amount due to the R&C Fund is down by about $2 million and is reflected in the amount that has to be paid.Ms.Garner agreed those numbers reflect the status as of November.The refund was not returned until December. Mr.Thibert inquired as to the plan regarding the Emerson operating system upgrade.Mr.Day informed the Emerson replacement was originally scheduled for February,but has been postponed until April or May because of the current generator outage. B.Operators Report Mr.Day reviewed the provided Operator Report and provided updates,where appropriate.The situation in January has been normal and there is nothing significant to report.The equipment shed is built.There are only a few items remaining to install when the weather permits.The contracts with ABB and Canyon Hydro have been completed.The scheduled barge load has been postponed due to weather.The tire mounting and balance machine is on the barge.The fish water control automation is on-hold to evaluate and understand the recent data discrepancies. Mr.Day showed a picture of the new equipment shed,the new ambulance,and the new loader. Chair Borgeson noted GVEA was unable to have Bradley power dispatched this week.He inquired as to the reasons for the issues.Mr.Day noted the transmission line is out of service and will come back online January 27.It will be removed from service again on February 1,for the CEA outage through April 1.Mr.Day reported the lake levels are about 15 to 20 feet above average and are expected to increase with the warm,36-degree temperatures.Mr.Day commented on the issues when Bradley is running at high levels and the potential risk for the peninsula to go black if Bradley stumbles. Burke Wick,CEA,commented Bradley is currently 19 feet below spill level.Historically,at this time of year,there have not been inflows significant enough for spill to be a consideration. Mr.Day showed a graphic of the lake level chart depicting the historical average levels.Chair Borgeson requested the additional pictures be provided to BPMC members. C.O&D Report Jeff Warner,ML&P,discussed the provided O&D Report,including the scheduled outages previously mentioned.Mr.Warner encouraged participants to use as much water as operationally possible because of the high lake levels,currently at 1,139 feet.The FY20 Budget discussions have begun.Several repair and replacement items were identified from the 2016 D. Hittle Report and will be brought before the O&D for consideration.Elections for the O&D Chair and Vice-Chair will occur at the next meeting. DRAFT BPMC Minutes 1/25/19 Page 4 of5 Mr.Izzo requested perspective on additional inflows once Battle Creek diversion is active.Mr. Warner believes the inflows from Battle Creek during this same time of the year will be minimal. The inflows from Battle Creek will occur primarily during the summertime. MEMBERS COMMENTS Mr.Izzo expressed appreciation to HEA and staff onsite.He feels the pictures are very helpful. Mr.Thibert echoed appreciation to HEA,and commended Mr.Warner for his report. Mr.Carey advised AEA has a new Executive Director Curtis Thayer,who begins on February 4. Chair Borgeson informed BPMC of Mr.Day's request to have a student guest onsite for two weeks as part of an internship.The student will bring their own food and there will be no associated costs.There was no objection to the request. 10.|NEXT MEETING DATE -March 22,2019 A pending telephonic meeting to approve the O&M Agreement will occur before the next regular meeting. 11.ADJOURNMENT There being no further business for the committee,the meeting adjourned at 1:57 p.m. BY: Cory Borgeson,Chair Attest: Alaska Energy Authority,Secretary DRAFT BPMC Minutes 1/25/19 Page 5 of5 FA Bradley Lake Project Management Committee Meeting Friday,March 22,2019 Agenda Item:7A MOTION:Move that the Bradley Lake Project Management Committee approve the the fiscal year 2020 Bradley Lake Hydroelectric Project budget as presented. Move: Second: ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT 2020 PROPOSED BUDGET DATE:03/07/19 ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT 2020 Budget Contents Schedule Description Page # Overview of Budget Changes between FY19 Amended Budget and FY20 Proposed Budget 3 Schedule A Budget Summary 4 Schedule A-1 Capital Purchases not funded by R&C 5 Schedule B Operations &Maintenance Budget 6-12 Schedule C Monthly Utility Contributions 13 Schedule D R&C Fund Disbursements and Repayments 14 Schedule E Battle Creek Capital Purchases 15 Schedule F Battle Creek Administrative Costs 16 Schedule G Battle Creek Monthly Utility Contributions 17 3/7/20195:25 PMH:\Accounting\AEA FY20 FS Shared Files\Bradley Lake\Budget\2020-BradleyBudget-Draft-030719.xIsx 2 of 17 * ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT Overview of Budget Changes between FY19 Amended Budget and FY20 Proposed Budget FY19 Amended Budgeted Utility Contributions 19,007,219 From Schedule A REVENUES Decrease in interest income 101,754 101,754 EXPENSES Increase Operations &Maintenance 563,574 Decrease Renewals/Replacements (R&C Fund Repayments)(624,668) Increase Non R&C Capital Purchases 412,500 Increase Transfer To(From)Operating Reserve 73,899 Increase Debt Service 187 Increase Arbitrage Transfer 50,020 475,512 Net change in utility contributions 577,266 FY20 Proposed Budgeted Utility Contributions 19,584,485 Battle Creek-FY19 Amended Budgeted Utility Contributions 2,284,560 From Schedule A EXPENSES Decrease in Battle Creek Administrative costs (58,564) Decrease in Transfer To(From)Operating Reserve (93,751) Increase in Debt Service 4,790 (147,524) Net change in utility contributions (147,524) Battle Creek-FY20 Proposed Budgeted Utility Contributions 2,137,036 3/7/20195:25 PM2020-BradleyBudget-Draft-030719.xlsxOverview Page 3 of 17 ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT Budget Summary Schedule A FY2019 FY2020 Inc(Dec)From FY2016 FY2017 FY2018 10/25/18 Amended Proposed PY Amended Bradley Lake (excluding Battle Creek shown below)Actuals Actuals Actuals Budget Budget Budget Revenues,Expenses &Changes in surplus Revenues Utility Contributions (sch C)17,828,513 17,172,295 18,373,909 19,007,219 19,584,485 577,266 Interest Income 1,930,547 1,991,555 2,064,454 1,911,754 1,810,000 (101,754) Other Miscellaneous 0 0 17,251 9 0 0 19,759,060 19,163,850 20,455,614 20,918,973 21,394,485 475,512 Expenses Operations &Maintenance (sch B)4,273,634 4,011,783 3,985,722 4,787,468 5,351,042 563,574 Renewals/Replacements (R&C Fund Repayments)(sch D)2,692,710 2,476,905 2,579,100 2,746,068 2,121,400 (624,668) Non R&C Capital Purchases (sch A-1)26,444 89 954,060 272,500 685,000 412,500 Transfer To(From)Operating Reserve (9,747)(85,531)(112,145)38,816 112,715 73,899 Debt Service (net of Capital Reserve Reductions)12,494,600 12,426,200 12,778,100 12,778,588 12,778,775 187 Arbitrage Transfer 281,419 334,404 270,777 295,533 345,553 50,020 19,759,060 19,163,850 20,455,614 20,918,973 21,394,485 |475,512 Surplus (Deficit)0 0 0 0 0 Other Project Costs -Battle Creek Revenues,Expenses &Changes in surplus Revenues-Battle CreekUtilityContributions(sch G)0 800,000 333,860 0 0 0 Utility Contributions (sch G)0 0 497,636 2,284,560 |2,137,036 (147,524) Capital Reserve Contributions 0 0 2,796,378 (+)i?)0 Other Available Funds 0 0 0 0 0 ] Interest Income 0 0 14,758 0 0 it) i?)800,000 3,642,632 2,284,560 2,137,036 (147,524) Expenses-Battle CreekBattieCreekAdministrative costs (sch F)0 0 137,456 453,988 395,424 (58,564) Capital Purchases (sch E)0 800,000 333,860 0 0 0 Capital Purchases -Revenue Fund (sch E)0 0 16,500 0 0 0 Transfer To(From)Operating Reserve 0 0 8,760 82,038 (11,713)(93,751) Debt Service 0 0 895,824 1,748,534 1,753,324 4,790 IRS Subsidy 0 (*)(571,876)0 0 0 Cost of Issuance 9th Series 0 Q 25,730 0 0 0 Capital Reserve Contribution 0 0 2,796,378 0 0 0 0 800,000 3,642,632 2,284,560 2,137,036 |(147,524) Surplus (Deficit)(¢)0 0 0 0 Other information Operating Reserve *1,116,353 1,030,822 918,677 957,494 1,070,208 Operating Reserve -Battle Creek*8,760 90,798 79,085 Monthly Contributions 1,654,119 1,628,614 1,651,614 1,583,935 1,632,040 Monthly Contributions Battle Creek 52,780 190,380 178,086 *Required to be 20%of budgeted operating expense 3/7/20195:25 PM2020-BradieyBudget-Draft-0307 19.xlsxSch A Page 4 of 17 ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT Capital Purchases Not Funded by R&C Fund Schedule A-1 FY17 FY18 FY19 FY20 Proposed Capital Project Description Actuals Actuals Projected Budget Comments for FY20: Replace/Automate Fish Water Valves &Actuators a 89 361,430 -- Equipment storage shed (unheated bus barn)-67,539 -- 1 ton Flatbed with Plow :57,016 -- Battle Creek Bridge Repair Refurbishment (2)---220,000 {Bridges still need repair,likely postpone [Mobil Crane 40 to 50 tons (used)-88,875 -- Replace Michigan Loader -263,306 -. Upgrade Crews Quarters\Residence Kitchen -1,850 -- Replace 1988 Suburban Ambulance -59,430 -- 1/2 ton Pick up truck -34,693 -- Replace High Bay Lighting in Power Plant 19,920 -- Turbine Nozzle Repair --60,000 - Tire machine --12,500 - Replace dump truck and sander ---170,000 {D Hittle 198 and 199,dump truck is original equipment [Pick up truck ---45,000 JAdditional plant vehicle (currently running short anytime others come to site) UPS Replacement ---75,000 {Current UPS is no longer supported Rough terrain fork lift (with plow for snow)---130,000 [Rough terrain fork lift w/attachments [IRIS Air gap monitoring system (computer)---45,000 [New generator analysis computer Total Non R&C Capital Purchases 89 954,060 72,500 685,000 3/7/20195:25 PM2020-BradleyBudget-Draft-030719.xlsxSch A-1 Page 5 of 17 ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT Operations &Maintenance Budget Schedule B HEA 3,209,154 HEA 2,704,303 HEA 3,214,841 HEA 3,822,764 CEA 190,187 CEA 183,499 CEA 114,448 CEA 109,547 AEA 1,754,770 AEA 1,705,585 AEA 1,458,178 AEA 1,418,731 FY17 FY18 FY19 FY20 FY17 FY18 FY19 FY20 Increase Amended (Over)Under Amended (Over)Under Amended Actual @ (Over)Under Proposed (Decrease) Budget Actual Budget to date Budget Actual Budget to date Budget 12/31/18 |Budget to date Budget from PY si y by cost type Labor &Benefits 2,005,079 1,533,371 471,708 1,889,814 1,578,236 311,578 1,572,497 771,197 801,301 1,219,935 (352,563) Indirect Costs -----583,803 583,803 1,383,388 799,585 Travel 132,950 27,009 105,941 76,950 16,414 60,836 33,950 18,426 15,524 45,950 12,000 Training 49,300 35,736 13,564 49,300 14,046 35,254 49,300 17,756 31,544 49,300 - Contractual 1,217,418 850,184 367,234 841,062 659,773 181,289 1,033,216 360,765 672,451 869,842 (163,374) Supplies &Materials 229,358 113,150 116,208 183,345 152,799 30,546 204,345 86,582 117,763 346,345 142,000 Other Costs 381,744 297,447 84,297 387,818 276,371 111,447 69,818 (2,679)72,497 67,818 (2,000) Equipment,Furniture and Machinery 11,500 10,137 1,363 7,000 25,562 (18,562)7,000 2,873 4,127 176,000 169,000 Maintenance Projects ----3,381 (3,381)----- Administrative Costs 1,126,761 1,144,749 (17,988),1,158,098 1,259,440 (101,342)1,233,537 §24,787 708,750 1,192,464 (41,073) 5,154,110 4,011,784 1,142,326 4,593,387 3,985,722 607,665 4,787,467 1,779,706 3,007,760 5,351,042 563,575 FERC 535 -Operation Supervision &Engineering Operations Sup/Eng Bradley Lake Operating Labor &Benefits 299,649 266,820 32,829 265,587 262,431 3,156 189,074 128,587 60,487 107,453 (81,621) Indirect Costs -:----77,849 77,849 155,698 77,849 Travel 10,450 9,452 998 10,450 2,271 8,179 10,450 7,528 2,922 10,450 - Training 9,300 14,171 (1,871)9,300 3,452 5,848 9,300 1,536 7,764 9,300 - Contractual 1,400 300 1,100 1,000 121 879 1,000 155 845 1,000 - Supplies &Materials 4,100 5,784 (1,681)4,000 3,210 790 4,000 1,588 2,412 4,000 - Bradley Lake Operating Total 324,899 293,523 31,376 290,337 271,485 18,852 291,673 139,395 152,278 287,901 (3,772) FERC 535 -Operation Supervision &Engineering Total 324,899 293,523 31,376 290,337 271,485 18,852 291,673 139,395 152,278 287,901 JHEA (3,772) FERC 537 -Hydraulic Expenses Hydraulic Expenses Bradley Lake Operating Labor &Benefits 92,746 65,670 27,076 94,453 69,032 25,421 88,714 39,028 49,686 84,081 (4,633) Indirect Costs ------41,515 -41,515 107,519 66,004 Travel --:------10,000 10,000 Contractual 4,000 5,647 (1,647)2,000 -2,000 2,000 1,896 104 22,000 20,000 Supplies &Materials 2,900 886 2,014 2,000 976 1,024 2,000 1,747 253 19,000 17,000 Equipment,Furniture and Machinery ---------81,000 81,000 Bradley Lake Operating Total 99,646 72,202 27,444 98,453 70,008 28,445 134,230 42,672 91,557 323,600 189,371 FERC 537 -Hydraulic Expenses Total 99,646 72,202 27,444 98,453 70,008 28,445 134,230 42,672 91,557 323,600 [HEA 189,371 3/7/20195:25 PM2020-BradleyBudget-Draft-030719.xdsxSch B Page 6 of 17 FY17 FY1i8 FY19 FY20 FY17 FY18 FY19 FY20 increase Amended (Over)Under Amended (Over}Under Amended Actual @ {Over)Under Proposed {Decrease} Budget Actual Budget to date Budget Actual Budget to date Budget 12/31/18 |Budget to date Budget from PY FERC 538 -Electric Expenses Electric Expenses Bradley Lake Operating Labor &Benefits 242,940 193,058 49,882 232,294 202,969 29,325 224,811 111,383 113,428 208,745 (16,066) Indirect Costs ------102,222 -402,222 242,067 139,845 Travel 7,000 8,638 (1,638)7,000 6,877 123 7,000 2,718 4,282 7,000 - Training 25,000 23,737 1,263 25,000 231 24,769 25,000 11,992 13,008 25,000 - Contractual 2,000 1,400 600 2,000 1,400 600 2,000 :2,000 7,000 5,000 Supplies &Materials 8,500 4,672 3,828 9,732 §,513 4,219 9,732 3,058 6,674 50,732 41,000 Equipment,Furniture and Machinery ---------63,000 63,000 Bradley Lake Operating Total 285,440 231,505 53,934 276,026 216,990 §9,036 370,765 129,150 241,615 603,544 232,779 FERC 538 -Electric Expenses Total 285,440 231,505 53,934 276,026 216,990 59,036 370,765 129,150 241,615 603,544 JHEA 232,779 FERC 539 -Misc.Hydraulic Power Generation Expenses Misc Hydro Power Exp Bradley Lake Operating Labor &Benefits 178,991 137,740 41,251 179,530 172,689 6,841 168,044 82,065 85,979 104,936 (63,108) Indirect Costs ------41,615 41,515 107,519 66,004 Training 15,000 829 14,171 18,000 10,363 4,637 15,000 4,228 10,772 15,000 - Contractual 297,048 214,899 82,149 287,525 212,841 74,684 287,525 65,489 222,036 287,525 - Supplies &Materials 17,900 19,695 (1,795)17,900 18,271 (371)17,900 9,432 8,468 17,900 - Bradley Lake Operating Total 508,939 373,162 135,777 499,955 414,164 85,791 529,984 161,215 368,769 532,879 [HEA 2,895 BRADLEY CIRCUITS/RADIO TO BERNICE LK Other Costs 35,695 35,696 (1)35,695 35,696 (1)35,695 17,848 17,847 35,695 - BRADLEY CIRCUITS/RAOIO TO BERNICE LK Total 35,695 35,696 (1)35,695 35,696 (1)35,695 17,848 17,847 35,695 JHEA - BRADLEY CIRCUITS BERNICE LK TO ANCH Other Costs 29,773 29,540 233 29,773 29,728 45 29,773 14,762 15,011 29,773 : BRADLEY CIRCUITS BERNICE LK TO ANCH Total 29,773 29,540 233 29,773 29,728 45 29,773 14,762 15,011 29,773 ICEA - FERC 539 -Misc.Hydraulic Power Generation Expenses Total 574,407 438,398 136,009 565,423 479,588 85,835 595,452 193,825 401,627 598,347 2,895 FERC 540 -Rents FERC Land Use Fee Bradley Lake Operating Other Costs 312,176 230,614 81,562 318,000 202,079 115,921 -(35,289)35,289 -bd Bradley Lake Operating Total 312,476 230,614 81,562 318,000 202,079 115,921 -(35,289)35,289 -- FERC 540 -Rents Total 312,176 230,614 81,562 318,000 202,079 115,921 -(35,289)35,289 >[AEA : 3/7/20195:25 PM2020-BradleyBudget-Draft-030719.xisxSch B Page 7 of 17 FY17 FY18 FY19 FY20 FY17 FY18 FY19 FY20 Increase Amended (Over)Under Amended (Over)Under Amended Actual @ (Over)Under Proposed (Decrease) Budget Actual Budget to date Budget Actual Budget to date Budget 12/31/18 |Budget to date Budget from PY [FERC 541 -Maintenance Supervision &Engineering Maint Supervision/Eng Bradley Lake Operating Labor &Benefits 224,284 229,602 (5,318)272,586 263,101 9,485 195,817 126,216 69,601 114,456 (81,361) Indirect Costs -:--:-77,849 -77,849 155,698 77,849 Bradley Lake Operating Total 224,284 229,602 (5,318)272,586 263,101 9,485 273,666 126,216 147,450 270,154 (3,512) [FERC 541 -Maintenance Supervision &Engineering Total 224,284 229,602 (5,318)272,586 263,101 9,485 273,666 126,216 147,450 270,154 JHEA (3,512) JFERC 542 -Maintenance of Structures Maintenance of Structures Bradley Lake Operating Labor &Benefits 92,746 65,629 27,117 94,453 70,197 24,256 85,438 38,916 46,522 76,499 (8,939) Indirect Costs bd --.:-37,066 -37,066 97,823 60,757 Contractual 10,000 -10,000 10,000 -10,000 10,000 -10,000 91,000 81,000 Supplies &Materials §3,713 42,233 11,480 53,713 57,919 (4,206)53,713 25,246 28,467 88,713 35,000 Equipment,Furniture and Machinery 11,500 8,318 3,182 7,000 8,513 (1,513)7,000 2,873 4,127 32,000 25,000 Maintenance Projects ::::2,584 (2,581):---- Bradley Lake Operating Total 167,959 116,180 51,779 165,166 139,210 25,956 193,217 67,035 126,182 386,035 192,818 BRADLEY UPGRADE CREWS QUARTERS/RESIDENCE KITCHEN Contractual ::--::165,000 :--(165,000) BRADLEY UPGRADE CREWS QUARTERS/RESIDENCE KITCHEN ------165,000 ---(165,000) [FERC 542 -Maintenance of Structures Total 167,959 116,180 51,779 165,166 139,210 25,956 358,217 67,035 291,182 386,035 [HEA 27,818 [FERC 543 -Maintenance of Reservoirs,Dams &Waterways Maint Res,Dams,WWays Bradley Lake Operating Labor &Benefits 50,409 50,035 374 50,610 9,314 41,296 45,552 4,666 40,886 45,080 (472) Indirect Costs ----ba -19,932 -19,932 56,322 36,390 Contractual 5,200 63,704 (58,504)6,500 -6,500 6,500 7,600 (4,100)6,500 > Bradley Lake Operating Total 55,609 113,739 (58,130)57,110 9,314 47,796 71,984 12,266 59,718 107,902 35,918 BRADLEY NUKA REPAIR Contractual 15,000 980 14,020 15,000 -15,000 15,000 -15,000 -(15,000) Supplies &Materials ----------- Equipment,Furniture and Machinery ----------- BRADLEY NUKA REPAIR Total 15,000 980 14,020 15,000 -15,000 45,000 -15,000 -(15,000) BRADLEY POWER TUNNEL MAINT (Dam) Contractual 15,000 9,431 5,569 15,000 -15,000 15,000 -15,000 15,000 - BRAOLEY POWER TUNNEL MAINT (Dam)Total 15,000 9,431 5,569 15,000 -15,000 15,000 -15,000 15,000 - [FERC 543 -Maintenance of Reservoirs,Dams &Waterways Total 85,609 124,151 (38,542)87,110 9,314 77,796 101,984 12,266 89,718 122,902 |HEA 20,918 3/7/20195:25 PM2020-BradleyBudget-Draft-030719.xdsxSch B Page 8 of 17 3/7/20195:25 PM2020-BradleyBudget-Draft-030719.xisxSch B FY17 FY18 FY19 FY20 FY17 FY18 FY19 FY20 Increase Amended (Over)Under Amended (Over)Under Amended Actual @ (Over)Under Proposed (Decrease) Budget Actual Budget to date Budget Actual Budget to date Budget 12/31/18 _}Budget to date Budget from PY FERC 544 -Maintenance of Electric Plant Maintenance of Elec Plant Bradley Lake Operating Labor &Benefits 370,983 266,161 104,822 379,102 291,662 87,440 342,265 162,159 180,106 273,620 (68,645) Indirect Costs ------148,789 -148,789 368,424 219,635 Travel 4,500 740 3,760 4,500 -4,500 4,500 -4,500 4,500 - Contractual 79,000 36,844 42,156 70,000 59,793 10,207 70,000 69,475 525 49,000 (21,000) Supplies &Materials 27,245 13,081 14,164 20,000 12,743 7,257 20,000 15,057 4,943 70,000 50,000 Maintenance Projects ----------- Bradley Lake Operating Total 481,728 316,826 164,902 473,602 364,198 109,404 585,554 246,692 338,862 765,544 179,990 BRADLEY HIGH BAY LIGHTS Supplies &Materials ------30,000 -30,000 -(30,000) BRADLEY HIGH BAY LIGHTS Total ------30,000 -30,000 -(30,000) FERC 544 -Maintenance of Electric Plant Total 481,728 316,826 164,902 473,602 364,198 109,404 615,554 246,692 368,862 765,544 [HEA 149,990 FERC 545 -Maintenance of Misc.Hydraulic Plant Maint of Misc Hydr Plant Bradley Lake Operating Labor &Benefits 92,746 66,129 26,617 94,453 86,833 7,620 85,438 39,676 45,762 69,395 (16,043) Indirect Costs -:.-::37,066 -37,066 92,318 55,252 Contractual 3,900 5,274 (1,374)3,900 2,009 1,891 3,900 -3,900 3,900 - Supplies &Materials 43,000 20,631 22,369 35,000 49,502 (14,502)35,000 18,746 16,254 63,000 28,000 Bradley Lake Operating Total 139,646 92,034 47,612 133,353 138,344 (4,991)161,404 58,422 102,982 228,613 67,209 BRADLEY FISH WATER DSGN/MIODLE FORK SHACK IMPR Contractual 20,000 -20,000 -------- Supplies &Materials ----1,345 (1,345)----- BRADLEY FISH WATER DSGN/MIODLE FORK SHACK {MPR Total 20,000 -20,000 -1,345 (1,345)----- [FERC 545 -Maintenance of Misc.Hydraulic Plant Total 159,646 92,034 67,612 133,353 139,689 (6,336)161,404 58,422 102,982 228,613 [HEA 67,209 FERC 556 -System Control &Load Dispatching System Cnt!&Load Disp Bradley Lake Operating Labor &Benefits 49,502 27,294 22,207 20,618 34,363 (13,745)21,506 16,564 4,942 21,140 (366) Contractual 60,500 66,135 (5,635)53,000 35,618 17,382 53,000 43,795 9,205 53,000 - Supplies &Materials 6,000 2,229 3,771 6,000 642 §,358 6,000 613 5,387 6,000 - Equipment,Furniture and Machinery ----16,254 (16,254)----- Bradley Lake Operating Total 116,002 95,657 20,344 79,618 86,877 (7,259)80,506 60,972 19,534 80,140 [HEA (366) BRADLEY EMERSON ANTIVIRUS UPGRADE Contractual ------40,000 -40,000 -(40,000) BRADLEY EMERSON ANTIVIRUS UPGRADE Total :--”:-40,000 :40,000 -HEA (40,000) Page 9 of 17 FY17 FY18 Fy19 FY20 FY17 FY18 FY19 FY20 Increase Amended (Over)Under Amended (Over)Under Amended Actual @ {Over)Under Proposed (Decrease) Budget Actual Budget to date Budget Actual Budget to date Budget 12/31/18 |Budget to date Budget from PY Snow Measurement Bradley Lake Operating Contractual 10,000 10,000 -10,000 10,000 -12,000 10,000 2,000 10,000 JAEA (2,000) Bradley Lake Operating Total 10,000 10,000 -10,000 10,000 -12,000 10,000 2,000 40,000 (2,000) Seismic Service Bradiey Lake Operating Contractual 60,370 61,358 (988)62,000 61,285 715 62,000 32,556 29,444 62,000 [AEA - Bradley Lake Operating Total 60,370 61,358 (988)62,000 61,285 715 62,000 32,556 29,444 62,000 - Streamguaging Serv Bradley Lake Operating Contractual 310,000 157,164 152,836 213,137 213,137 :206,291 103,146 103,145 209,917 JAEA 3,626 Bradley Lake Operating Total 310,000 157,164 152,836 213,137 213,137 -206,291 103,146 103,145 209,917 3,626 Permits Bradley Lake Operating Other Costs 100 450 (350)350 250 100 350 -350 350 [AEA - Bradley Lake Operating Total 100 450 (350)350 250 100 350 -350 350 - FERC 556 -System Control!&Load Dispatching Total 496,472 324,629 171,842 365,105 371,549 (6,444)401,147 206,674 194,473 362,407 (38,740) IFERC 562 -Station Expenses Station Expenses $VC/Substation Maintenance Contract Labor &Benefits 130,414 151,868 (21,455)123,726 111,165 12,561 65,675 12,681 §2,994 59,774 ICEA (5,901) Travel 6,000 -6,000 6,000 1,701 4,299 2,000 -2,000 4,000 [CEA 2,000 Contractual 4,000 3,447 554 4,000 -4,000 2,000 -2,000 2,000 JCEA - Supplies &Materials 16,000 3,848 12,152 16,000 2,678 13,322 11,000 670 10,330 12,000 ICEA 1,000 Other Costs 4,000 1,148 2,852 4,000 8,618 (4,618)4,000 -4,000 2,000 ICEA (2,000) Equipment,Furniture and Machinery ----795 (795)----|CEA - Maintenance Projects ----800 (800)----CEA - Labor &Benefits fa --1,573 (1,573)29,043 4,366 24,677 27,298 JHEA (1,745) Contractual ----7,440 (7,440)30,000 15,805 14,195 -HEA (30,000) Supplies &Materials ------10,000 10,424 (424)40,000 JHEA - SVC/Substation Maintenance Contract Total 160,414 160,314 103 153,726 134,770 18,956 153,718 43,946 109,772 117,072 (36,646) FERC 562 -Station Expenses Total 160,414 160,311 103 153,726 134,770 18,956 153,718 43,946 109,772 117,072 (36,646) 3/7/20195:25 PM2020-BradleyBudget-Draft-030719.xdsxSch B Page 10 of 17 3/7/20195:25 PM2020-BradleyBudget-Draft-030719.xsxSch B FY17 FY18 FY19 FY20 FY17 FY18 FY19 FY20 Increase Amended (Over}Under Amended (Over)Under Amended Actual @ (Over)Under Proposed (Decrease) Budget Actual Budget to date Budget Actual Budget to date Budget 12/31/18 |Budget to date Budget from PY FERC 571 -Maintenance of Overhead Lines Maint of OH Lines Bradiey Lake Operating Labor &Benefits 179,671 7,014 172,657 82,402 2,907 79,495 31,120 4,889 26,231 27,459 (3,661) Travel 95,000 8,179 86,821 49,000 5,265 43,735 10,000 8,180 1,820 10,000 - Contractual §0,000 -50,000 86,000 56,046 29,954 50,000 10,846 39,154 50,000 - Supplies &Materials 50,000 95 49,905 19,000 -19,000 5,000 -5,000 5,000 - Equipment,Furniture and Machinery -584 (584)-------bd Bradley Lake Operating Total 374,671 15,871 358,800 236,402 64,218 172,184 96,120 23,915 72,205 92,459 (3,661) BRADLEY JUNCTION SWITCH REMOVAL Travel 5,000 .5,000 --.-.-.- Contractual 70,000 73,076 (3,076)-------- Other Costs ----------- BRADLEY JUNCTION SWITCH REMOVAL Total 75,000 73,076 1,924 -:------ MARKER BALL REPLACEMENT Labor &Benefits -6,352 (6,352)-------- Travel 5,000 -5,000 -------- Contractual 200,000 140,526 59,474 -83 {83)--ba :- Equipment,Furniture and Machinery -1,235 (1,235)-------- MARKER BALL REPLACEMENT Total 205,000 148,113 56,887 «83 (83)----- [FERC 571 -Maintenance of Overhead Lines Total 654,671 237,060 417,611 236,402 64,301 172,101 96,120 23,915 72,205 92,459 {HEA (3,661) |FERC 920 &930 -Administrative Expense AEA Bradley Fixed Admin Fees Bradley Lake Operating Administrative Costs 200,000 200,000 -200,000 200,000 :200,000 100,000 100,000 200,000 JAEA - Bradley Lake Operating Total 200,000 200,000 -200,000 200,000 -200,000 100,000 100,000 200,000 - Operating Committee Exp-Audit Bradley Lake Operating Administrative Costs 16,494 16,500 (6)16,800 16,800 -16,500 19,900 (3,400)19,900 JAEA 3,400 Bradley Lake Operating Total 16,494 16,500 (6)16,800 16,800 -16,500 19,900 (3,400)19,900 3,400 Operating Committee Exp-Legal Bradley Lake Operating Administrative Costs 25,000 57,444 (32,444)25,000 115,610 (90,610)25,000 72,418 (47,418)30,000 JAEA 5,000 Bradley Lake Operating Tota!25,000 57,444 (32,444)25,000 115,610 (90,610)25,000 72,418 (47,418)30,000 5,000 Page 11 of 17 FY17 FY18 FY19 FY20 FY17 FY18 FY19 FY20 Increase Amended (Over)Under Amended (Over)Under Amended Actual @ {Over)Under Proposed (Decrease) Budget Actual Budget to date Budget Actual Budget to date Budget 12/31/18 |Budget to date Budget from PY Operat Committee Exp-Arbitrage Bradley Lake Operating Administrative Costs 3,630 3,630 -3,380 2,535 845 2,935 :2,935 3,000 JAEA 65 Bradley Lake Operating Total 3,630 3,630 -3,380 2,535 845 2,935 -2,935 3,000 65 Trust &Account Fees Bradley Lake Operating Administrative Costs 12,000 11,918 82 11,918 11,918 -11,918 §,959 5,959 11,918 FAEA - Bradley Lake Operating Total 12,000 11,918 82 41,918 11,918 -11,918 5,959 5,959 11,918 - Misc Admin Bradley Lake Operating Administrative Costs :10,000 (10,000)10,000 10,350 (350)10,350 -10,350 11,646 JAEA 1,296 Bradley Lake Operating Total :10,000 (10,000)10,000 10,350 (350)10,350 -10,350 11,646 1,296 FERC 920 &930 -Administrative Expense Total 257,124 299,492 (42,368)267,098 357,213 (90,115)266,703 198,277 68,426 276,464 9,761 FERC 924 &925 -insurance Premiums Insurance Premiums Bradley Lake Operating Administrative Costs §00,000 §02,391 (2,391)§25,000 580,915 (55,915)600,834 288,929 311,905 575,000 JAEA (25,834) Administrative Costs 64,637 52,279 12,358 56,000 43,790 42,210 56,000 8,637 47,363 56,000 JHEA . Bradley Lake Operating Total 564,637 554,670 9,967 581,000 624,705 (43,705)656,834 297,566 359,268 631,000 (25,834) FERC 924 &925 -Insurance Premiums Total 564,637 554,670 9,967 581,000 624,705 (43,705)656,834 297,566 359,268 631,000 (25,834) FERC928-Regulatory C ission Exp FERC Admin Fees Administrative Costs 180,000 122,210 57,791 185,000 176,523 8,477 185,000 -185,000 185,000 [AEA - Bradley Lake Operating Total 180,000 122,210 57,791 185,000 176,523 8,477 185,000 -185,000 185,000 - FERC Related Prof Services FERC Part 12 Inspection Administrative Costs 25,000 24,113 887 -------[AEA - Contractual Engineer-FERC license issues Administrative Costs 100,000 144,264 (44,264)125,000 100,999 24,001 125,000 28,944 96,056 100,000 JAEA (25,000) Bradley Lake Operating Total 125,000 168,377 (43,377)125,000 100,999 24,001 125,000 -125,000 100,000 (25,000) FERC 928 -Regul yc ission Exp Total 305,000 290,586 14,414 310,000 277,522 32,478 310,000 28,944 281,056 285,000 (25,000) Total Bradley Lake Budget 5,154,110 4,011,784 1,142,326 4,593,387 3,985,722 607,665 4,787,467 1,779,706 3,007,760 5,351,042 563,575 3/7/20195:25 PM2020-BradleyBudget-Draft-030719.xsxSch B Page 12 of 17 ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT Monthly Utility Contributions Schedule C FY2017 FY2018 FY2019 -FY2020 FY2019 to Percent Amended Amended Amended Proposed FY2020 Power Purchaser Share Budget Budget Budget Budget Change Chugach Electric 30.4%5,941,176 6,025,086 5,778,204 5,953,680 175,476 Municipality of Anchorage 25.9%5,061,732 5,133,216 4,922,868 5,072,376 149,508 Homer Electric 12.0%2,345,208 2,378,322 2,280,864 2,350,140 69,276 Matanuska Electric 13.8%2,696,988 2,735,076 2,622,996 2,702,664 79,668 Golden Valley Electric 16.9%3,302,832 3,349,470 3,212,220 3,309,780 97,560 City of Seward 1.0%195,432 198,192 190,068 195,840 5,772 Rounding 3 (1)5 100.0%19,543,371 19,819,362 19,007,219 19,584,485 577,260 FY2018 Percent FY2017 Monthly FY2019 FY2020 Power Purchaser Share Monthly Accelerated Monthly Monthly Chugach Electric 30.4%495,098 1,004,181 481,517 496,140 Municipality of Anchorage 25.9%421,811 855,536 410,239 422,698 Homer Electric 12.0%195,434 396,387 190,072 195,845 Matanuska Electric 13.8%224,749 455,846 218,583 225,222 Golden Valley Electric 16.9%275,236 558,245 267,685 275,815 City of Seward 1.0%16,286 33,032 15,839 16,320 100.0%1,628,614 3,303,227 1,583,935 1,632,040 - 3/7/20195:25 PM2020-BradleyBudget-Draft-030719.xIsxSch C Page 13 of 17 ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT R&C Fund Disbursements and Repayments Schedule D Actual PROJECTED Actual PROJECTED PROJECTED PROJECTED PROJECTED PROJECTEDTOREPAYTOREPAYTOREPAYTOREPAY scr Olisburse at OB/3017 Disburse ah 06/30/18 Disburse at 06/309 Disburse at 06/30/20 R&C FUND PROJECTS Governor 0.00 4,052,070.14 0.00 4,052,070.14 0.00 4,052,070.14 0.00 4,052,070.14 Replace RFLS 0.00 251,092.69 0.00 251,092.69 0.00 251,092.69 0.00 251,092.69 Reptace Runners.0.00 1,946,732.79 0.00 1,946,732.79 0.00 1,946,732.79 0.00 1,946,732.79 [Replace cable from dam to power house 0.00 2,321,922,94 0.00 2,321,822.94 0.00 2,321,922,94 0.00 2.321,922.94Replacepowersystemstabilizer0.00 619,205.10 0.00 619,205.10 9.00 619,205.10 9.00 619,205.10 Replace two RTUs 0.00 86,905.27 0.00 86,905.27 0.00 86,905.27 0.00 86,905.27 Culvert Repairs 0.00 675,966.79 0.00 675,966.79 0,00 675,966.79 0.00 675,966.79 iTrans Towers Frost Jacking Repairs 0.00 887,596.62 0.00 887,596.62 0.00 887,596.62 0.00 887,596.62 Replace Plant and SCADA Controls 0.00 1,344,683.05 0.00 1,344,683.05 0,00 1,344,683.05 0.00 1,344,683.05VibrationMonitoringSystem0.00 490.00 0.00 490.00 0.00 490.00 0.00 490.00 Battle Creek Feasibility 0.00 0.00 0.00 0.00 0.00 0.00 0,00 0.00 Fire Alarm System Replacement 0.00 0.00 0.00 0.00 150,000.00 150,000.00 150,000.00 300,000.00 Battle Creek Diversion 25,982.26 1,170,000.00 0.00 1,170,000.00 0.00 1,170,000.00 0.00 1,170,000.00 Replace Electro-Mechanical Relays 0.00 1,277,197.06 0.00 1,277,197.06 0.00 1,277,197.06 0.00 1,277,197.06 Fishwater Screen Debris Removal 0.00 312,236.43 0.00 312,236.43 0.00 312,236.43 0.00 312,236.43 Turbine Nozzle Repair 12,203.01 1,428,861.07 0.00 1,428,861.07 0.00 1,428,861.07 0.00 1,428,861.07 Spiltway Raise 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 ISVC replacement Daves Creek|Soldotna 5,606,007.81 7,176,585.15 |1,341,405.96 8,517,991.11 0.00 8,517,991.14 9.00 8,517,991.11 Equipment Storage Shed 0.0.00 0.00 0.00 $00,000.00 500,000.00 0.00 500,000.00 Emerson Operating System Upgrade 0.00 0.00 0.00 0.00 700,000.00 700,000.00 0.00 700,000.00 §,644.193.08 23.551,545.10 |1,341.405.96 24,892,951.06 |1,350,000.00 26.242,951.06 150,000.00 26,392 Current Year R&C Repayment (3,262,788,00)(2,793,306,00)(2,683,444.26)(2,121,399.76)}| Adjust bal to $5 mill (won't be corrected until year end)9.00 0.00 0.00 0.00 Less interest in Fund Applied to Repayment (361,780.54)226,781.00)0.00 0.00 Net Transfer from Revenue Fund (3,824,568.54 {3,020,087.00 (2,683,444.26 (2,421,399.76 Cumulative Prior Years R&C Repayments (15,409,249.92)|(17,886,155.09)(20,465,255.55)(22,997,117.02) Due back to Utilities 1,147,663,37 440,986.54 181,582.79 6.00 R&C Cumulative Interest (Retained)Applied As Part of Repaymen 0.00 |00 0.00 Net R&C Repayments 14,26 1,586.55)}(17,445,168.__(20,313,672.76}22,997,117.02 INET DUE TO R&C FUND 5,665,390.01 4,427,695.3,245,834.04 1,27.28 IR&C FUND CASH FLOW PROJECTION Beginning Investment Balance §,623,509.49 3,219,624.39 1,013,291.03 2,055,748.75 Disbursements-current year (2,906,842.05)|(1,341,405,96)|(150,000.00)! Disbursements-prior year accrued (2,065,650.48)|(2,737,351.03)|(150,000.00) R&C Repayment to utilities (1,055,961.11)(1,147,663.37)(151,582.79) Net other cash inflow(outfiow)0.00 Current year interest samnings 0.00 iCurrent year Participants Contributions to R&C 2,121,399.76 Ending Investment Batance 3,725,565.72 Accrued R&C Payable at year end-Due to Utilities (1,147,663,37}(440,986.54)(151,582.79)0.00 Accrued R&C vendor Payable at year end (2,737,351.03)]9.00 (150,000.00)|0.00 PROJECTED NET DUE +ENDING INVESTMENT BALANCE 5,000,000.00 5,000,000.00 5,000.000.00 5.000.000.00 total repaid Temaining to REPAYMENT AMOUNT at 6/30/19 Pay at 7/1/20 FY20 Fy21 FY22 i$1,401,948.53 X 25%all 4 years 1,401,948.53 - $1,834,499.92 X 25%yr 1 |25%yr 2 |50%yr 3 1,834,499.92 = $789,697.09 X 25%yr 1 |75%yr 2 789,697.09 . 153,330,802.80 X 25%yr 1 |32%yr 2 {25%yr 3 |"2nd yr 1,065,856.90 [3rd yr 832,700.70 14th yr 599,544.50 3,330,802.80 - $5,644,193.08 x 25%all 4 years 'Ist yr 1,411,048.27 [2nd yr 1,411,048.27 [3rd yr 1,411,048.27 [4th yr 1,411,048.27 5,644,193.08 - $1,341,405.96 x 25%all 4 years 1st yr 335,351.49 [2nd yr 335,351.49 [3rd yr 335,351.49 1,006,054.47 (335,351.49)335,351.49$1,350,000 x 25%all 4 years '1st yr 337,500.00 J2nd yr 337,500.00 675,000.00 (675,000.00)337,500.00 337,500.00 $150,000 x 25%all 4 years 1st yr 37,500.00 37,500.00 (112,500.00)37,500.00 37,500.00 37,500.00 2,476.905.17 2.579.100.46 2,683,444 .26 2,121.399.76 (3.122.854.49)710,351.49 375,000.00 37,500.00 "FY 19 projects reflect budgeted and actual numbers for different projects depending on which is higher (budgeted or actual),so the R&C repayment amount refiects a conservative amount 3/7/20195:25 PM2020-leyBudget-Draft-030719.xsx Sch D Page 14 of 17 ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT Battle Creek Capital Construction Purchases Schedule E FY17 FY18 FY19 FY20 Amended Proposed Capital Construction Project Description Actuals Actuals Budget Budget Comments Battle Creek Diversion 800,000 333,860 - Total Construction 800,000 333,860 -- 3/7/20195:25 PM2020-BradleyBudget-Draft-030719.xIsxSch E Page 15 of 17 ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT Battle Creek Administrative Costs Budget Schedule F HEA -HEA 262,438 HEA 268,524 CEA -CEA -CEA - AEA 43,000 AEA 191,550 AEA 126,900 FYi8 FY19 FY20 FY18 (Over)FY19 {Over)FY20 increase Amended Actual @ Under Amended Under Proposed (Decrease) Budget 12/31/18 Budget Budget Actual Budget Budget from PY Summary by cost type -- Administrative Costs 43,000 137,435 (94,435)453,988 352,240 101,748 395,424 (58,564)43,000 137,435 (94,435)453,988 352,240 101,748 395,424 (58,564) FERC 920 &930 -Administrative Expense Battle Creek Admin Fees Administrative Costs -3,525 (3,525)8,193 7,421 772 12,274 JHEA 4,081 Administrative Costs 22,000 22,000 -168,000 168,000 -105,000 JAEA (63,000) Battle Creek Admin Fees Total 22,000 25,525 (3,525):176,193 175,421 772 117,274 (58,919): Operating Committee Exp-Owners Representative Administrative Costs -89,196 (89,196),254,245 169,338 84,907 256,250 FHEA 2,005 Operating Committee Exp-Owners Representative Total -89,196 (89,196)254,245 169,338 84,907 256,250 2,005 Operating Committee Exp-Legal Administrative Costs 45,000 17,082 (2,082)15,000 3,336 11,664 15,000 JAEA - Operating Committee Exp-Legal Total 15,000 17,082 (2,082)15,000 3,336 11,664 15,000 - Operat Committee Exp-Arbitrage Administrative Costs 2,000 2,180 (180)2,000 -2,000 2,000 [AEA - Operat Committee Exp-Arbitrage Total 2,000 2,180 {180}2,000 -2,000 2,000 - Trust &Account Fees Administrative Costs 3,500 1,197 2,303 6,550 4,083 2,467 4,800 JAEA (1,750) Trust &Account Fees Total 3,500 1,197 2,303 6,550 4,083 2,467 4,800 (1,750) Operating Committee Exp-Other Administrative Costs 500 2,255 (1,755)-62 (62)100 JAEA 100 Operating Committee Exp-Other Total 500 2,255 (1,755)-62 (62)100 100 FERC 920 &930 -Administrative Expense Total 43,000 137,435 (94,435)453,988 352,240 101,748 395,424 (58,564) Total Bradley Lake Budget 43,000 137,435 (94,435)453,988 352,240 101,748 395,424 (58,564) 3/7/20195:25 PM2020-BradleyBudget-Draft-030719.xdsxSch F Page 16 of 17 ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT Battle Creek Monthly Participating Purchaser Contributions Schedule G POWER PURCHASER Chugach Electric Association Municipal Light &Power Homer Electric Association Matanuska Electric Association Golden Valley Electric Association City of Seward Rounding POWER PURCHASER Chugach Electric Association Municipal Light &Power Homer Electric Association Matanuska Electric Association Golden Valley Electric Association City of Seward *(1)The calculation the FY2018 2/2/2018 Amended Budget is shown below. FY2018 FY2018 FY2018 FY2017 7/28/2017 2/2/2018 3/5/2018 FY2019 FY2020 FY2019 to Percent Amended Amended Amended Amend 3 Amended Proposed FY2020 Share Budget Budget Budget *(1)Budget Budget Budget Change 39.38%315,040 157,520 236,521 249,416 899,660 841,565 (58,095) 0.00%.--.--- 41.44%331,520 165,760 116,938 262,463 946,722 885,588 (61,134) 17.88%143,040 71,520 107,389 113,244 408,479 382,102 (26,377) 0.00%.-”.--- 1.30%10,400 5,200 7,808 8,234 29,699 27,781 (1,918) 1 100.00%800,000 400,000 468,657 633,357 2,284,560 2,137,036 (147,524) FY2018 FY2018 Percent March April-June FY2019 FY2020 Share Contibution Monthly Monthly Monthly 39.38%..59,130 80,749 74,972 70,130 0.00%..-..- 41.44%.-29,235 51,985 78,894 73,799 17.88%.-26,847 36,663 34,040 31,842 0.00%--.--- 1.30%..1,952 2,666 2,475 2,315 100.0%.E 117,164 172,064 190,380 178,086 Original Torrecte Contributions FY2018 Capital Capital Other Prior to 2/2/2018 Reserve Reserve Available Other Amended ,Contributions _.Contributions J Funds Available Funds Budget 1,246,143 1,101,213 144,930 381,451 236,521 1,443,286 1,158,819 284,467 401,405 116,938 565,796 499,992 65,804 173,193 107,389 41,137 36,353 4,784 12,592 7,808 (1)1 3,296,363 2,796,378 499,985 968,640 |468,657 3/7/20195:25 PM2020-BradleyBudget-Draft-030719.xlsxSch G Page 17 of 17 West Fork Upper Battle Creek Update March 22,2019 Events: Contractor and AEA have been meeting and discussing 2019 schedule.Contractor provided AEA with a draft narrative of why they believe they are entitled to additional funds to meet the completion date of August 31,2020. Schedule: Contractor to mobilize to site in early April.Contractor has provided two draft schedules one of which has double shifted both the blasting and the pipeline laying.AEA is evaluating schedules and costs. Budget: AEA is awaiting information from the contractor for several Change Orders. Lower access road very close to estimated.Upper access road will have greater rock excavation and less wall construction than estimated. ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT FY 2019 2nd QUARTER REPORT REVENUES,EXPENSES &CHANGES IN SURPLUS REVENUES UTILITY CONTRIBUTIONS OTHER MISCELLANEOUS* INTEREST INCOME EXPENSES OPERATIONS RENEWAL/REPLACE (R&C REPAYMENTS) R&C INTEREST APPLIED AS REPMT NON R&C CAPITAL PURCHASES-See A1 TRANSFER TO OPERATING RESERVE DEBT SERVICE (net of Capital Reserve Reduction) TRANSFER TO ARBITRAGE CURRENT YEAR SURPLUS(DEFICIT) PRIOR YEAR SURPLUS (DEFICIT) BEGINNING SURPLUS (DEFICIT) COMMITTED CY EXP &DEBT SVC ENDING SURPLUS (DEFICIT) BALANCE SHEET ASSETS REVENUE FUND OPERATING FUND DUE FROM R&C DUE FROM AEA OTHER RECEIVABLE PREPAID LIABILITIES &SURPLUS CURRENT LIABILITIES UNEARNED REVENUE DUE TO R&C COMMITTED CY EXP &DEBT SVC PAYABLE TO UTILITIES O&M PAYABLE TO UTILITIES R&C OTHER INFORMATION OPERATING RESERVE MONTHLY CONTRIBUTIONS FY2018 FY2019 FY2019 ACTUALS AMENDED ACTUALS BUDGET 10/25/18 18,373,909 19,007,219 9,503,610 17,251 -- 2,064,454 1,911,754 4,117,042 20,455,615 20,918,973 10,620,652 3,985,722 4,787,468 1,794,162 2,352,319 2,746,068 1,373,034226,781 -52,373 954,060 272,500 20,960 (112,145)38,816 38,816 12,778,100 12,778,588 6,389,294 270,777 295,533 431,480 20,455,615 20,918,973 10,100,117 --520,535 --(520,535) 1,771,032 -861,178 855,664 -55,862 440,987 -- 15,000 15,000 51,269 -290,545 3,133,952 -1,222,586 1,289,276 -702,051 399,223 -- --520,535 1,004,466 -- 440,987 -- 3,133,952 1,222,586 918,677 957,494 957,494 3,303,227 1,583,935 1,583,935 1 of 10 ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT Other Project Costs-Battle Creek FY 2019 2nd Quarter Report Revenues,Expenses &Changes in Surplus Revenues Utility Contributions Capital Reserve Contributions Other Available Funds Interest Income Expenses Battle Creek Administrative costs Capital Purchases Transfers To(From)Operating Reserve Debt Service IRS Subsidy Cost of Issuance 9th Series Capital Reserve Contribution Transfer to Arbitrage Current Year Surplus(Deficit) Committed to CY Expense &Debt Service Ending Surplus (Deficit) Balance Sheet Assets Revenue Fund Operating Fund Other Receivable Prepaid Liabilities &Surplus Current Liabilities Committed to CY Expense &Debt Service Payable to Utilities O&M Other Information Operating Reserve Monthly Contribution FY2018 FY2019 FY2019 Actuals Amended Actuals Budget 10/25/18 497,636 2,284,560 1,142,280 2,796,378 -- 14,758 -29,636 3,308,772 2,284,560 1,171,916 137,456 453,988 264,220 16,500 -- 8,760 82,038 82,038 895,824 1,748,534 881,453 (571,876)-(565,112) 25,730 -- 2,796,378 -- 3,308,772 2,284,560 662,599 --509,317 --(509,317) 733,871 -651,757 2,610 -39,911 6,000 -- 742,481 -691,668 106,780 -182,351 --509,317 635,702 -- 742,481 -691,668 8,760 90,798 90,798 211,119 190,380 190,380 2 of 10 ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT Schedule A-1 Expenses for the period 07/01/18 through 12/31/18 FY18 FY18 FY19 FY19CAPITALPURCHASESNOTFUNDEDBYR&C FUND BUDGET|ACTUALS |BUDGET]ACTUALS Replace/Automate Fish Water Valve Actuators 225,000 361,430 -364 Equipment storage shed (unheated bus barn)100,000 67,539 -- 1 ton Flatbed with Plow 65,000 57,016 -- Battle Creek Bridge Repair Refurbishment (2)182,000 -|200,000 - Mobil Crane 40 to 50 tons (used)100,000 88,875 -- Replace Michigan Loader 350,000 263,306 -- Upgrade Crews Quarters and Residents Kitchen 165,000 1,850 -- Replace 1988 Suburban Ambulance 65,000 59,430 -5,350 1/2 ton Pick up truck 35,000 34,693 -- Replace High Bay Lighting in Power Plant 20,000 19,920 -- Turbine Nozzle Repair --60,000 - Tire Machine --12,500 15,246 Total Non R&C Capital Purchases _1,307,000 954,059 272,500 20,960 Page 3 of 10 ALASKA ENERGY AUTHORITY BRADLEY LAKE OPERATIONS &MAINTENANCE SCHEDULE B BUDGET TO ACTUAL EXPENSES FOR THE PERIOD 07/01/2018 THROUGH 12/31/2018 FY 19 FY 18 BUDGET % FY19 Approved 07/01/2018 -{Over)Under FY18 Approved Budget 12/31/2018 HEA Actual CEA Actual AEA Actual Total Actual Budget to Date Budget FY18 Actual Summary by expense type Labor &Benefits 1,572,497 786,250 758,515 12,681 .771,196 15,054 1,889,814 1,578,236 Travel 33,950 16,975 18,427 --18,427 (1,452)76,950 16,114 Training 49,300 24,650 17,756 --17,756 6,894 49,300 14,046 Contractual 1,033,216 516,609 215,062 -145,702 360,764 155,845 841,062 659,773 Supplies &Materials 204,345 102,173 85,912 670 -86,582 15,591 183,345 152,799 Other Costs 69,818 34,910 17,848 14,762 (35,289)(2,679)37,589 387,818 276,370 Equipment,Furniture and Machinery 7,000 3,500 2,873 --2,873 627 7,000 25,562 Maintenance Projects -:-:a ---3,381 Administrative Costs 1,233,537 616,769 8,637 :530,607 539,244 77,526 1,158,098 1,259,441 Indirect Costs 583,803 291,904 :--:291,904 -: 4,787,466 2,393,740 1,125,029 28,113 641,019 1,794,162 599,578 4,593,387 3,985,722 FERC 535 -Operation Supervision &Engineering Operations Sup/Eng Bradley Lake Operating Labor &Benefits 189,074 94,537 128,587 ::128,587 (34,050)265,587 262,431 Travel 10,450 5,225 7,528 -:7,528 (2,303)10,450 2,271 Training 9,300 4,650 1,536 *.1,536 3,114 9,300 3,452 Contractual 1,000 500 155 :-155.345 1,000 121 Supplies &Materiais 4,000 2,000 4,588 :*1,588 412 4,000 3,210 Indirect Costs 77,849 38,925 ::*:38,925 :: Bradtey Lake Operating Total 291,673 145,837 139,395 -*139,395 6,442 290,337 271,485 FERC 535 -Operation Supervision &Engineering Total 291,673 145,837 139,395 :.139,395 6,442 290,337 271,485 FERC 537 -Hydraulic Expenses Hydraulic Expenses Bradley Lake Operating labor &Benefits 88,714 44,357 39,028 :°39,028 5,329 94,453 69,032 Contractual 2,000 1,000 1,896 -:1,896 (896)2,000 : Supplies &Materials 2,000 1,000 1,747 --1,747 (747)2,000 976 Indirect Costs 41,515 20,758 :::+20,758 :> Bradley Lake Operating Total 134,229 67,115 42,672 -:42,672 24,443 98,453 70,008 FERC 537 -Hydraulic Expenses Total 134,229 67,115 42,672 -:42,672 24,443 98,453 70,008 FERC 538 -Electric Expenses Electric Expenses Bradley Lake Operating tabor &Benefits 224,811 112,406 111,383 -+111,383 1,023 232,294 202,969 Travel 7,000 3,500 2,718 -:2,718 782 7,000 6,877 Training 25,000 12,500 11,992 :-11,992 508 25,000 231 Contractual 2,000 1,000 ----1,000 2,000 1,400 Supplies &Materials 9,732 4,866 3,088 :-3,058 1,808 9,732 5,513 Indirect Costs 102,222 $1,111 --2 -51,111 -a Bradley Lake Operating Total 370,765 185,383 129,150 .:129,150 $6,233 276,026 216,990 FERC 538 -Electric Expenses Total 370,765 185,383 129,150 -.129,150 56,233 276,026 216,990 FERC 539 -Misc.Hydraulic Power Generation Expenses Misc Hydro Power Exp Bradley Lake Operating labor &Benefits 168,044 84,022 82,065 --82,065 1,957 179,530 172,689 Training 15,000 7,500 4,228 :-4,228 3,272 15,000 10,363Contractual287,525 143,763 65,489 -*65,489 78,274 287,525 212,841 Supplies &Materials 17,900 8,950 9,432 --9,432 (482)17,900 18,271 Indirect Costs 41,515 20,758 ----20,758 -- Bradley Lake Operating Total $29,984 264,993 161,215 --161,215 103,778 499,955 414,164 BRADLEY CIRCUITS/RADIO TO BERNICE LK Other Costs 35,695 17,848 17,848 *.17,848 0 35,695 35,696 BRADLEY CIRCUITS/RADIO TO BERNICE LK Total 35,695 17,848 17,848 --17,848 0 35,695 35,696 BRADLEY CIRCUITS BERNICE LK TO ANCH Other Costs 29,773 14,887 :14,762 -14,762 125 29,773 29,728 BRADLEY CIRCUITS BERNICE LK TO ANCH Total 29,773 14,887 °14,762 :14,762 125 29,773 29,728 FERC 539-Misc.Hydraulic Power Exp Total 595,452 297,728 179,063 14,762 :193,825 103,903 $65,423 479,587 FERC 540 -Rents FERC Land Use Fee Bradley Lake Operating Other Costs ::-:(35,289)(35,289)35,289 318,000 202,079 Bradley Lake Operating Total ----(35,289)(35,289)35,289 318,000 202,079 FERC 540 -Rents Total -*-:(35,289){35,289)35,289 318,000 202,079 FERC S41 -Maintenance Supervision &Engineering Maint Supervision/Eng Bradley Lake Operating Labor &Benefits 195,817 97,909 126,216 ::126,216 {28,307)272,586 263,101 Indirect Costs 77,849 38,925 ::--38,925 :: Bradley Lake Operating Total 273,666 136,834 126,216 --126,216 10,618 272,586 263,101 FERC S41 -Maintenance Supervision &Engineering Total 273,666 136,834 126,216 --126,216 10,618 272,586 263,101 Page 4 of 10 ALASKA ENERGY AUTHORITY BRADLEY LAKE OPERATIONS &MAINTENANCE SCHEDULE B BUDGET TO ACTUAL EXPENSES FOR THE PERIOD 07/01/2018 THROUGH 12/31/2018 FY19 FY i8 BUDGET % FY19 Approved 07/01/2018 -(Over)Under FY18 Approved Budget 12/31/2018 HEA Actual CEA Actual AEA Actual Total Actual Budget to Date Budget FY18 Actual FERC 542 -Maintenance of Structures Maintenance of Structures Bradley Lake Operating Labor &Benefits 85,438 42,719 38,916 *-38,916 3,803 94,453 70,197 Contractual 10,000 5,000 2 >--5,000 10,000 a Supplies &Materials $3,713 26,857 25,246 :7 25,246 1,611 $3,713 $7,919 Equipment,Furniture and Machinery 7,000 3,500 2,873 --2,873 627 7,000 8,513 Maintenance Projects ---:=-a :2,581 indirect Costs 37,066 18,533 ---.18,533 -+ Bradley Lake Operating Total 193,217 96,609 67,035 a -67,035 29,574 165,166 139,209 BRADLEY UPGRADE CREWS QTRS/RESIDENCE KITCHEN Contractual 165,000 82,500 ----82,500 -: BRADLEY UPGRADE CREWS QTRS/RESIDENCE KITCHEN Total 165,000 82,500 ::--82,500 :: FERC 542 -Maintenance of Structures Total 358,217 179,109 67,035 .-67,035 112,074 165,166 139,209 FERC 543 -Maintenance of Reservoirs,Dams &Waterways Maint Res,Dams,WWays Bradley Lake Operating Labor &Benefits 45,552 22,776 4,666 >-4,666 18,110 50,610 9,314 Contractual 6,500 3,250 7,600 -:7,600 (4,350)6,500 : Indirect Costs 19,932 9,966 ::::9,966 -- Bradley Lake Operating Total 71,984 35,992 12,266 --12,266 23,726 $7,110 9,314 BRADLEY NUKA REPAIR Contractual 15,000 7,500 :---7,500 15,000 : BRADLEY NUKA REPAIR Total 15,000 7,500 -.+°7,500 15,000 : BRADLEY POWER TUNNEL MAINT (Dam) Contractual 15,000 7,500 ::::7,500 15,000 : BRAOLEY POWER TUNNEL MAINT (Dam}Total 15,000 7,500 -*::7,500 15,000 : FERC 543 -Maintenance of Reservoirs,Dams &Waterways Tota 101,984 50,992 12,266 --12,266 38,726 87,110 9,314 FERC 544 -Maintenance of Electric Plant Maintenance of Elec Plant Bradley Lake Operating Labor &Benefits 342,265 171,133 162,159 --162,159 8,974 379,102 291,662 Travel 4,500 2,250 :'-:2,250 4,500 : Contractual 70,000 35,000 69,478 --69,475 (34,475)70,000 59,793 Supplies &Materials 20,000 10,000 15,057 ::15,057 {5,057}20,000 12,743 Indirect Costs 148,789 74,395 :--.74,398 -+ Bradley Lake Operating Total 585,554 292,778 246,692 :.246,692 46,086 473,602 364,198 BRADLEY REPLACE LIGHTING IN POWER PLANT Supplies &Materials 30,000 15,000 ::::15,000 -- BRADLEY REPLACE LIGHTING IN POWER PLANT Total 30,000 15,000 .:-+15,000 -+ FERC 544 -Maintenance of Electric Plant Total 615,554 307,778 246,692 *.246,692 61,086 473,602 364,198 FERC 545 -Mai of Misc.Hydraulic Plant Maint of Misc Hydr Plant Bradley Lake Operating Labor &Benefits 85,438 42,719 39,676 -:39,676 3,043 94,453 86,833 Contractual 3,900 1,950 >-°-1,950 3,900 2,009 Supplies &Materiais 35,000 17,500 18,746 -+18,746 (1,246)35,000 49,502 Indirect Costs 37,066 18,533 :2 :-18,533 -: Bradley Lake Operating Total 161,404 80,702 $8,422 :-$8,422 22,280 133,353 138,344 BRADLEY FISH WATER OSGN/MIDDLE FORK SHACK IMPR Supplies &Materials -:::::-:1,345 BRADLEY FISH WATER OSGN/MIDDLE FORK SHACK IMPR Tot :------:1,345 FERC 545 -of Mise.Hy lic Plant Total 161,404 80,702 58,422 :-58,422 22,280 133,353 139,689 FERC 556 -System Control &Load Dispatching System Cntl &Load Disp Bradley Lake Operating Labor &Benefits 21,506 10,753 16,564 ::16,564 (5,811)20,618 34,363 Contractual 53,000 26,500 43,795 ::43,795 (17,295)53,000 35,618 Supplies &Materiats 6,000 3,000 613 -:613 2,387 6,000 642 Equipment,Furniture and Machinery :-=--::16,254 Bradley Lake Operating Total 80,506 40,253 60,972 --60,972 (20,719)79,618 86,878 BRADLEY EMERSON ANTIVIRUS UPGRADE Contractual 40,000 20,000 ---:20,000 -© BRADLEY EMERSON ANTIVIRUS UPGRADE Total 40,000 20,000 +-*°20,000 =° Snow Measurement Bradley Lake Operating Contractual 12,000 6,000 *:10,000 10,000 (4,000)10,000 10,000 Bradley Lake Operating Total 12,000 6,000 :-10,000 10,000 (4,000)10,000 10,000 Selsmic Service Bradley Lake Operating Contractual 62,000 31,000 °-32,556 32,556 (1,556)62,000 61,285 Bradley Lake Operating Total 62,000 31,000 +-32,556 32,556 (1,556)62,000 61,285 Page 5 of 10 ALASKA ENERGY AUTHORITY BRADLEY LAKE OPERATIONS &MAINTENANCE SCHEDULE B BUDGET TO ACTUAL EXPENSES FOR THE PERIOD 07/01/2018 THROUGH 12/31/2018 FY 19 FY 18 BUDGET % FY19 Approved 07/01/2018 -{Over)Under FY18 Approved Budget 12/31/2018 HEA Actual CEA Actual AEA Actual Total Actual Budget to Date Budget FY18 Actual Streamguaging Serv Bradley Lake Operating Contractual 206,291 103,146 ::103,146 103,146 1 213,137 213,137 Bradley Lake Operating Total 206,291 103,146 ::103,146 103,146 1 213,137 213,137 Permits Bradley Lake Operating Other Costs 350 175 -:--175 350 250 Bradley Lake Operating Total 350 175 -->:175 350 250 FERC 556 -System Control &Load Dispatching Total 401,147 200,574 60,972 -145,702 206,674 (6,100)365,105 371,550 FERC 562 -Station Expenses Station Expenses Bradley Lake Operating Labor &Benefits 94,718 47,359 4,366 12,681 -17,047 30,312 123,726 112,738 Travel 2,000 1,000 ---a 1,000 6,000 1,701 Contractuat 32,000 16,000 15,805 -:15,805 195 4,000 7,440 Supplies &Materials 21,000 10,500 10,424 670 -11,094 (594)16,000 2,678 Other Costs 4,000 2,000 -:-:2,000 4,000 8,618 Equipment,Furniture and Machinery -5 ------798 Maintenance Projects --------800 Bradley Lake Operating Total 153,718 76,859 30,595 13,351 :43,946 32,913 153,726 134,770 FERC 562 -Station Expenses Total 153,718 76,859 30,595 13,351 °43,946 32,913 153,726 134,770 FERC 571 -Maintenance of Overhead Lines Maint of OH Lines Bradley Lake Operating Labor &Benefits 31,120 15,560 4,889 -:4,889 10,671 82,402 2,907 Travel 10,000 5,000 8,180 ::8,180 (3,180)49,000 S,265 Contractual $0,000 25,000 10,846 -:10,846 14,154 86,000 $6,046 Supplies &Materials $,000 2,500 :::'2,500 19,000 : Bradley Lake Operating Total 96,120 48,060 23,915 :-23,915 24,145 236,402 64,218 BRADLEY MARKER BALL REPLACEMENT Contractual -----:-:83 BRADLEY MARKER BALL REPLACEMENT Total -:-:-.*-83 FERC 571 -Maintenance of Overhead Lines Total 96,120 48,060 23,915 >-23,915 24,145 236,402 64,301 FERC 920 &930 -Administrative Expense AEA Bradley Fixed Admin Fees Bradley Lake Operating Administrative Costs 200,000 100,000 -:100,000 100,000 .200,000 200,000 Bradley Lake Operating Total 200,000 100,000 -:100,000 100,000 :200,000 200,000 Operating Committee Exp-Audit Bradley Lake Operating Administrative Costs 16,500 8,250 ::19,900 19,900 (11,650)16,800 16,800 Bradley Lake Operating Total 16,500 8,250 -:19,900 19,900 (11,650)16,800 16,800 Operating Committee Exp-Legal Bradley Lake Operating Administrative Costs 25,000 12,500 -:86,874 86,874 (74,374)25,000 115,610 Bradley Lake Operating Total 25,000 12,500 --86,874 86,874 (74,374)25,000 115,610 Operat Committee Exp-Arbitrage Bradley Lake Operating Administrative Costs 2,935 1,468 ::-:1,468 3,380 2,535 Bradley Lake Operating Total 2,935 1,468 --5 -1,468 3,380 2,535 Trust &Account Fees Bradley Lake Operating Administrative Costs 11,918 5,959 :-5,959 5,959 :11,918 11,918 Bradley Lake Operating Total 11,918 5,959 --§,959 5,959 -11,918 11,918 Misc Admin Bradley Lake Operating Administrative Costs 10,350 §,175 °:+-5,175 10,000 10,350 Bradley Lake Operating Total 10,350 5,175 ----5,175 10,000 10,350 FERC 920 &930 -Administrative Expense Total 266,703 133,352 .-212,733 212,733 (79,381)}}267,098 357,213 FERC 924 &925 -Insurance Premiums insurance Premiums Bradley Lake Operating Administrative Costs 656,834 328,417 8,637 :288,929 297,566 30,851 $81,000 624,705 Bradley Lake Operating Total 656,834 328,417 8,637 :288,929 297,566 30,851 581,000 624,708 FERC 924 &925 -Insurance Premiums Total 656,834 328,417 8,637 -288,929 297,566 30,851 581,000 624,705 Page 6 of 10 ALASKA ENERGY AUTHORITY BRADLEY LAKE OPERATIONS &MAINTENANCE SCHEDULE B BUDGET TO ACTUAL EXPENSES FOR THE PERIOD 07/01/2018 THROUGH 12/31/2018 FY19 FY 18 BUDGET % FY19 Approved 07/01/2018 -{Over}Under FY18 Approved Budget 12/31/2018 HEA Actual CEA Actual AEA Actual Total Actuat Budget to Date Budget FY18 Actual FERC 928 -latory C FERC Admin Fees Bradley Lake Operating Administrative Costs 185,000 92,500 ----92,500 185,000 176,523 Bradley Lake Operating Total 185,000 92,500 -::.92,500 185,000 176,523 FERC Related Prof Services BRADLEY CONTRACTUAL ENGINEER-FERC LICENSE ISSUES Administrative Costs 125,000 62,500 :-28,944 28,944 33,556 125,000 100,999 BRADLEY CONTRACTUAL ENGINEER-FERC LICENSE ISSUES To 125,000 62,500 --28,944 28,944 33,556 125,000 100,999 FERC 928 -L yc Total 310,000 155,000 --28,944 28,944 126,056 310,000 277,522 Total Bradley Lake Budget 4,787,466 2,393,740 1,125,029 28,113 641,019 1,794,162 599,578 4,593,387 3,985,722 Page 7 of 10 BRADLEY LAKE R&C FUND DISBURSEMENTS AND REPAYMENTS SCHEDULE D Actual Actual Actual Actual Budget @ 6/30/18 TO REPAY @12/31/18 TO REPAY FY19 Description Expense 6/30/2018 Expense @6/30/19 R&C FUND PROJECTS Governor 0.00 4,052,070.14 0.00 4,052,070.14 0.00 Replace RFLS 0.00 251,092.69 0.00 251,092.69 0.00 Replace Runners 0.00 1,946,732.79 0.00 1,946,732.79 0.00 Replace cable from dam to power house 0.00 2,321,922.94 0.00 2,321,922.94 0.00 Replace power system stabilizer 0.00 619,205.10 0.00 619,205.10 0.00 Replace two RTUs 0.00 86,905.27 0.00 86,905.27 0.00 Culvert Repairs 0.00 675,966.79 0.00 675,966.79 0.00 Tower Repair for Jack Frost Heaves 0.00 887,596.62 0.00 887,596.62 0.00 Replace Plant and SCADA Controls 0.00 1,344,683.05 0.00 1,344,683.05 0.00 Vibration Monitoring System 0.00 490.00 0.00 490.00 0.00 Fire Alarm System Replacement 0.00 0.00 0.00 0.00 250,000.00 Battle Creek Diversion 0.00 1,170,000.00 0.00 1,170,000.00 0.00 Bradley Replace Electro-Mechanical Relays 0.00 1,277,197.06 0.00 1,277,197.06 0.00 Fishwater Screen Debris Removal 0.00 312,236.43 0.00 312,236.43 0.00 Turbine Nozzel Repair 0.00 1,428,861.07 0.00 1,428,861.07 0.00 Spillway Raise 0.00 0.00 0.00 0.00 0.00 SVC replacement Daves Creek |Soldotna 1,341,405.96 8,517,991.11 0.00 8,517,991.11 0.00 Equipment Storage Shed 0.00 0.00 457,085.59 457,085.59 500,000.00 Emerson Operating System Upgrade 0.00 0.00 311,332.50 311,332.50 700,000.00 Generator #2 Replacement 6.00 0.00 41,612.26 41,612.26 0.00 1,341,405.96 |24,892,951.06 810,030.35 |25,702,981.41 1,450,000.00 Current Year R&C Repayment (2,793,306.00)(1,373,034.00) Adjust to balance to $5million 0.00 0.00 [Interest in Fund Applied to Repayment (226,781.00)(52,372.78) Net Transfer from Revenue Fund (3,020,087.00)(1,425,406.78) Cumulative Prior Years R&C Repayments (17,886,155.09)(20,465,255.55) Due Back to Utilities 440,986.54 (1,123,045.07) Adjust Due to R&C Actual 0.00 0.00 (17,445,168.55)(21,588,300.62) NET DUE TO R&C FUND 4,427,695.51 2,689,274.01 R&C FUND CASH FLOW PROJECTION Beginning Investment Balance 3,219,624.39 1,013,291.03 Disbursements-current year -Accrual (1,341,405,96)(241,980.93) Disbursements-prior year accrued (2,737,351.03)0.00 Utilities'R&C Refund (1,147 ,663.37)(440,986.54) Net other cash inflow(outflow)0.00 0.00 Current year interest earnings 226,781.00 §2,372.78 Participants Contributions to R&C Fund 2,793,306.00 1,373,034.00 Ending Investment Balance 1,013,291.03 1,755,730.34 Accrued Due to Utilities (440,986.54)1,123,045.07 Accrued R&C vendor Payable at Year End 0.00 (568,049.42) |PROJECTED NET DUE +ENDING INVESTMENT BALANCE 5,000,000.00 §,000,000.00 $789,697.09 x 25%yr 1|75%yr 2 $3,330,802.80 x 25%yr 1 |32%yr 2 |25%yr 3 [18%yr4 3rd yr 832,700.70 [4th 599,544.50 $99,544.50 $5,644,193.08 x 25%all 4 years 2nd yr 1,411,048.27 [3rd 1,411,048.27 1,411,048.27 $1,341 ,405.96 x 25%all 4 years 1st yr 335,351.49 [2nd 335,351.49 372,974.87 $810,030.35 x 25%all 4 years ist 202,507.59 362,500.00 2,579,100.46 2,548,451.85 2,746 067.64 H:\Accounting\AEA FY19 FS Shared Files\Bradley Lake\FY19 Qtr 2 -COMBINED.xisx 7 of9 ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT Battle Creek Capital Purchases Schedule E Expenses for the period 07/01/18 through 12/31/18 FY19 Battle Creek Capital Purchases FY17 FY18 Appoved FY19 Actuals Actuals Budget Actuals Used 2007 Chevrolet Silverado -8,800 - Used 2006 Chevrolet Silverado -7,700 - Total capital revenue fund purchases -16,500 - Page 9 of 10 ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT Battle Creek Administrative Costs Schedule F Expenses for the period 07/01/18 through 12/31/18 FY 19 Fy18 FY19 BUDGET %(Over)Under FY18 Approved 07/01/2018 -Budget to Approved Budget 12/31/18 HEA Actual AEA Actual |Total Actual Date Budget Total Actual Summary by expense type Administrative Costs 453,988 226,994 176,759 87,461 264,220 (37,226)43,800 137,456 453,988 226,994 176,759 87,461 264,220 {37,226)43,800 137,456 FERC 920 &930 -Administrative Expense Battle Creek Admin Fees Administrative Costs 176,193 88,097 7,421 84,000 91,421 (3,325)22,000 25,525 Battle Creek Admin Fees Total 176,193 88,097 7,421 84,000 91,421 (3,325)22,000 25,525 Operating Committee Exp-Owners Representative Administrative Costs 254,245 127,123 169,338 :169,338 (42,216)-89,196 Operating Committee Exp-Owners Representative Total 254,245 127,123 169,338 -169,338 (42,216)-89,196 Operating Committee Exp-Legal Administrative Costs 15,000 7,500 >3,336 3,336 4,164 15,000 17,082 Operating Committee Exp-Legal Total 15,000 7,500 -3,336 3,336 4,164 15,000 17,082 Operat Committee Exp-Arbitrage Administrative Costs 2,000 1,000 ---1,000 2,000 2,180 Operat Committee Exp-Arbitrage Total 2,000 1,000 --:1,000 2,000 2,180 Trust &Account Fees Administrative Costs 6,550 3,275 -83 83 3,192 4,300 1,197 Trust &Account Fees Total 6,550 3,275 :83 83 3,192 4,300 1,197 Operat Committee Exp-Other Administrative Costs ---42 42 {42}500 2,276 Operat Committee Exp-Other Total ---42 42 (42)500 2,276 FERC 920 &930 -Administrative Expense Total 453,988 226,994 176,759 87,461 264,220 (37,226)43,800 137,456 Total 453,988 226,994 176,759 87,461 264,220 (37,226)43,800 137,456 Page 10 of 10 Unit Statistics: Bradley Lake Operator Report BPMC March 22,2019 as of 03/20/2019 Generation Unit 1 (MWhrs)Unit 2 (MWhrs)Total (MWhrs) February 2019 22,600 16,740 39,340 Hydraulics Avg.Lake Level (ft.)Usage (ac ft.)Fish water (CFS) February 2019 1172.3 40,302 77.16 AVG Lake Level -1156.7'as of March 20,2019 Capital Projects: 1)Generator 2 electrical Inspection -The generator inspection went well.Of 12 outer pole field connections 5 had cracks,three of which has sufficient damage as to requiring the replacement of the pole pieces.The remaining two were repaired in the field.We are working with Voith (FUJI)to design a repair.See the power point for additional information. 2)Mechanical reassembly with Canyon Hydro -Generator 2 was reassembled and during the final check we observed some cracking in the divider plates on a couple of the divider.Of the 6 2 have severe damage,2 have minor to moderate, one has very minor and one has no discernable damage.The damage appears to be a result of the welding procedure used to fabricate the dividers.We have a metallurgist looking into the mechanism of damage and a machine shop looking into manufacturing new dividers with out the welding process.See the power point for additional information. 3)Concerns on Unit 1-We suspect that unit 1 may have similar issues with the field pole connections as Unit 2 and that the dividers on Unit 1 could be in an equal condition.We have shut down unit 1 for inspection.At the time of this report | do not have any information on Unit 1 but will likely have a verbal report for the committee. 4)Fish Water Control Automation -Still on hold. Operations,Maintenance,and Inspections: 1)Operations-During the months of February and March operations were reduced as only one unit was in use and the Southern tie was open. Bradley Lake Operator Report Page 1 2)February Unit availability -Unit 1 98.39,Unit 2 100%.Capacity factor for December for Unit 1 was 48.22%and for Unit 2 35.71 3)Safety meeting --Meeting was held on February 17 and March 18". See the Power point presentation for additional information and comments. Bradley Lake Operator Report Page 2 BRADLEY LAKE OPERATORS REPORT BPMC MEETING MARCH 22,2019 BOB DAY -GENERATOR AND TURBINE ISSUES BURNED UP EXCITER BUS ated tin $dete 3),oraisar Aas -oe 5nadieCoe:x Leduttenwaptntreneieeeditinailicd A GOOD INSULATOR PLATE Bova ani) grapennend : arate am ant a eSaae Cie agp f%Ss6OFTHE8COVERSREMOV -152 TONSTHEROTOROUTONTHESTAND POLETO POLE CONNECTION POLE TO POLE CONNECTION FROM ABOVE ,ewiw .y\y ' ee ae os "1 q oo PRE ' ¥tanFj CRACK IDENTIFIED -NOTE LENGTH OF CRACKCRACKUNDERREPAIR EXTENSIVE CRACKING -THIS POLE WAS REPLACED THE VIEW FROM ABOVE THE oTATORITE TIEEe E STATOR _Orn "ye . 44 eaaaMeereeo=aPrree,-re SferrsrreeoehaePreececcessan | aa =et omet nil an oTILLLIVIALVANUNraae.KJ*LLLALITTLEA;AVTLLLL.Ve CHECKING THEWEDGING &CLEANING THE STATOR SS : nasaA.ea'IZMiOSy Sema fumerte-to ad\ieSLAs\eeG06 ann *wn we a ™'.-7 :<r coe Pe te i ;taf «..«'-....= wf.tm .f ? of yg * .a ':WF .:aa a w . 4 ms ied ¢t 'ition i THE BOTTOM END TURNS OFTHE STATOR ?F::a cer or "YTD TS Sepp-B-68-Be8e-0s ot oe ee et -ycockemcnkex}cue we " T "1 _.7 pH 7 ps poy tIcsolsstccsssloastrasislonclsomaatanslammentesSESERESSSRTEREREOeSROSasraperale rinGowTHQ+4x?xae'ea:aye.ee5ayHes9JtpiOee|os5;e(aaom alelpl Sh Sat ehUU IIS"wate K aePFINOEES Ma OTAN og AENNAinee"a”ON Nae ae!ye Nay ee”Sw ad re 4 oh 4 x'eeoeot Seene Me oe 3ecaeePag See Seek talons ne Me ee ete te ap age oe Cdge a See ae Na SNE A BfyeANCaeoatSeLhtoeBsraetONPEeeeS,BR PRR S DN Te eS A TN PN,PS eeALAOtaoehon A TR OR OAL OA, Beer creer tracerspreraet titaniaeer4ahattARgeddaahabdd43 I ba ae Nn!,:areca ani ttiegeati sieataee ete PEEEE EEE|(isi Dinieiat Uru FILL eh ai eaeatonensionsarifiesyeh"4 citadel ei izi atin tia4issitodfitTtWPTif.ii i i ue an papaeenat Fe au natiasme atachutedazAdatnettintenFannUaSy bt Gem FSPHICRY ALTTOOITY ORR |Fr FeT RT.ASSOCIATION,WET. 4 MHADLSY LAB MY DRORLECTHICGENERATORRTATORWINNINGOeAAPhSADMeDOeSTS!eeeow Fe REMOVINGA ma er POLE '*ad AMAA>Teun e attull 'eoit)in}A - THE KEY WAY THAT HOLD THE POLE IN PLACE DROPPING A REPLACEMENT POLE INTO PLACE THE DIVIDER !bd il i |8 2 I 4 5 1 ?Nl = -=riteie5Se Lad,Tie Ga24085)s xecodTE)wires § ASM 695.SS Tgwe620 i ag * = ore f=.5278} a5 £€ ° Py =z TO BF RIL EC AN?REEL & Wi 4 DIVICLR ARMS -_DaG.Re 1-841 714 $27 +G05 ee eesa sc canmeaaseaseaen ot weoeces a ee deodeaweee | 45 '\82 | t 2 800 93 Dleaane4 sco £, 379.6 3)SC TERNATIV MATERIA COUR PRO>DSA_-WHEN AVAZLABLE):XCCrNL15.6 T2_3€WELIED NCN-PORDUS AND cGROUNDFREEFROMNOTCHES PENETRANT TESTED WITHOUT HEa™TREQTMENT 1.2.3 crepus:a 6 use GA 555 LeLCIROILS?TYP L509.16 N <A 001 Fw) MELDIAG PROCEDURE Na.>HS<wt 555 *WELDING QUALITY B =CC.TO 189 S817 f IR OOZ =the |ae HOLE CEO Ce Er reaesmmens[ipgot a7 fete =S$17400 tv-staz jai.|sez rey ifaftwaaoareatTBRERKELSE--Tt Ta 6aooeDVRMREREST«331,oCoO8Die|RAL FY Lece 06]402IFLEE =nN70:a =VATEGH -Pie,841 74 697/742volavesinefae': THE RUNNER DIVIDER AND NEEDLE THE MIDDLE SECTION DIVIDER 3 Needle 3 Middle Spot f CLOSEUP "e *ee Pie EXTENT OF CRACKS ON DIVIDER 3 ME Bea 3 NO CRACKS DETECTED IN THE DIVIDER FACE Bradley O&D Report to the BPMC Friday March 22,2019 1.Chugach 115 KV line outage between Hope and Summit is completed and switched in as of March 20". 2.Bradley Unit 2 work is almost complete a.Wedging and insulation was fixed on the rotor b.Found rotor pole connections that were cracked and ready for imminent failure -these were repaired c.Found Needle Deflectors that are cracked and working on solution to repair/replace them 3.Bradley Unit 1 a.Inspecting Needle Deflectors and found some cracks b.Rotor pole connections need to be inspected before start up 4.Numerous teleconferences to discuss progress and process forward with problems being found L@ALASKAENERGYAUTHORITY March 22,2019 Mr.Cory Borgeson President and CEO Golden Valley Electric Association 758 Illinois Street Fairbanks,AK 99701 Subject:AEA's change of designation of representatives for the Bradley Lake Project Management Committee Dear Mr.Johnston: The Alaska Energy Authority hereby designates the following persons as it's representative and alternate representative to the BPMC: Representative:Bryan Carey Email:bcarey@akenergyauthority.org Alternate:-Curtis Thayer Email:cthayer@akenergyauthority.org Sincerely, Curtis Thayer AEA Executive Director 813 West Northern Lights Boulevard,Anchorage,Alaska 99503 |P 907.771.3000 |Toll Free 888.300.8534 |F 907.771.3044 |WWW.AKENERGYAUTHORITY.ORG REDUCING THE COST OF ENERGY IN ALASKA Bradley Lake Project Management Committee Meeting ALASKA ENERGY AUTHORITY (AEA) Regular Meeting -Teleconference Public Notice Bradley Lake Project Management Commiittee Notice is hereby given that the Bradley Lake Project Management Committee will hold a regular meeting on Friday,March 22,2019 at 10:00 a.m. This meeting will be conducted by electronic media pursuant to AS 44.62.310 at the following location: Alaska Energy Authority Board Conference Room, 813 West Northern Lights Boulevard Anchorage,Alaska A teleconference line has been setup for those unable to attend in person.Dial 1-888-585-9008 and when prompted,enter code 134-503-899#. For additional information,please contact the AEA executive assistant at (907)771-3074. The public is invited to attend.The State of Alaska (AEA)complies with Title It of the Americans with Disabilities Act of 1990.Disabled persons requiring special modifications to participate should contact AEA staff at (907)771-3000 to make arrangements. Attachments,History,Details Attachments Details BPMC Agenda 20190322 .pdf Department: Bradley Lake Operators report March 22 2019.pdf Category: Revision History Sub-Category:Created 3/14/2019 3:50:09 PM by kmkemppainen Location(s): Modified 3/21/2019 11:30:22 AM by Project/Regulation #: kmkemppainen Publish Date: Archive Date: Events/Deadlines: Commerce,Community and Economic Development Public Notices Statewide 3/14/2019 3/23/2019 11. 12. BRADLEY LAKE PROJECT MANAGEMENT COMMITTEE (BPMC) REGULAR MEETING \Friday,March 22,2019 10:00 a.m. Alaska Energy Authority Board Room 813 W Northern Lights Blvd,Anchorage Teleconference call in number:1-888-585-9008 -Conference room code 134 503 899# AGENDA CALL TO ORDER ROLL CALL FOR COMMITTEE MEMBERS PUBLIC ROLL CALL PUBLIC COMMENTS AGENDA APPROVAL PRIOR MINUTES -Jan 25,2019 NEW BUSINESS A.Bradley FY2020 Budget approval B.Battle Creek Project update COMMITTEE ASSIGNMENTS A.Budget Subcommittee -Budget to Actual B.Operators Report C.O&D Report EXECUTIVE SESSION -Battle Creek MEMBERS COMMENTS NEXT MEETING DATE --May 24,2019 ADJOURNMENT Budget Subcommittee AEA HEA Pete Sarauer Bryan =13 -503-GaGH ->77130654E Aston 676-3492 -6034#->Z07HH hint tomo (\-838-5¢5,-9008) BRADLEY LAKE PROJECT MANAGEMENT COMMITTEE \):S0am BPMC 3/22/19 am salar' Roll call from top to bottom ending with Chair Roll Call rainutls Second Grber|_F YC doesn No Yes No Yes No Lo Matanuska Electric Association Lory Ayyo f fy Chugach Electric Association Ln thilk tH (he City of Seward Municipal Light&Power ot,Fi ninbt <Mfeb,Seri4pasSMGoseV),Homer Electric Association Golden Valley Electric Association Alaska Energy Authority SSSASRFirst Second First Second First Second First Second First Second 1eatgestyed=Quon "ahante}+horny cesuleRollcallfrom top to bottom ending with Chair Yes No Yes No Yes No Yes No Yes Noxenembetl .Matanuska Electric Association611.ahantd Tensy_hypeChugachElectricAssociationLee\th doentebLyataCityofSewardLeboZeuly.Municipal Light &Power on,h GoboalesHomerElectricAssociationAart Abe,Golden Valley Electric Association lou BotyecersAlaskaEnergyAuthorityZEayonLatlyt Next Meeting:MaFTIR22.May (22 |MLP HEA | |V5Emily Hutchinson (HEA) COMMITTEE MEMBERS.4 Cory Borgeson,ChairLeeThibertBradJanorschke Bryan Carey,Secretary/Trereasurer"Tony Izzo,Vice Chair|Mark Johnston oe |John FoutzPublic Members]Brian Hickey (CEA) Mark Johnson(CEA)'Sherri HicHigher (CEA)|Paul |Risse (CEA)Matt Clarkson (CEA) Josh Resnick (CEA) Rich Baldwin (HEA)Alan Owens (HEA) "Larry Jorgensen (HEA)|Steve Canon(HEA)as|Anna Henderson (MLP)|ve Morrison (MLP)_GVEA |Ron Woolf(GVEA) MEA "Public \/ Pete Sarauer (GVEA) -dim Brooks (MEA):David Pease (MEA)Matt Reisterer (MEA)Ed Jenkins (MEA)Bernie Smith 7CrystalEnkvist(APA)Mel Hutchinson (APA)Tw Path =|Eric Myers (American Transmission Co)v Ron Rebenitsch (Energy Engineering)"yey (x3 people) Jv CEA HEA AEA |MEA MP sew AEA even | | | i | io ATTENDANCE -BPMCMEETING,March 22 ALTERNATELeoQuiachon Burke WickVvBobDay Stenony ZellersettWarner | COUNSEL \Kirk Gibson,McDowell Rackner &GibsonPC VW4|Stefan Saldanha,Dept of Law renda Applegate -_Katie ConwayAmyAdler Jocelyn Gardner aVYBrandiWhiteCarmenNoble- ."Teri Webster _oo|Tom Erickson .David LLockard ieSKirkWarren»Jessica1 Houston ;hin Lawn?)¢CE: STATUS:Active Bradley Lake Project Management Committee Meeting ALASKA ENERGY AUTHORITY (AEA) Regular Meeting -Teleconference Public Notice Bradley Lake Project Management Committee Notice is hereby given that the Bradley Lake Project Management Committee will hold a regular meeting on Friday,March 22,2019 at 10:00 a.m. This meeting will be conducted by electronic media pursuant to AS 44.62.310 at the following location: Alaska Energy Authority Board Conference Room, 813 West Northern Lights Boulevard Anchorage,Alaska A teleconference line has been setup for those unable to attend in person.Dial 1-888-585-9008 and when prompted,enter code 134-503-899#., For additional information,please contact the AEA executive assistant at (907)771-3074. The public is invited to attend.The State of Alaska (AEA)complies with Title Il of the Americans with Disabilities Act of 1990.Disabled persons requiring special modifications to participate should contact AEA staff at (907)771-3000 to make arrangements. Attachments,History,Details Attachments Details BPMC Agenda 20190322 .pdf Department:Commerce,Community andEconomicDevelopment Revision History Category:Public Notices Created 3/14/2019 3:50:09 PM by kmkemppainen Sub-Category: Location(s):Statewide Project/Regulation #: Publish Date:3/14/2019 Archive Date:3/23/2019 Events/Deadlines: