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Unalaska Financing Team Meeting December 1991 Meeting 12&13
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TRANSMISSION COVER SHEET ALASKA ENERGY AUTHORITY POWER REVENUE BONDS,SERIES 1992 (UNALASKA GEOTHERMAL PROJECT) FINANCING TEAM PLEASE DELIVER TO: Mark Earnest,City of Unalaska Roe Sturgulewski,City of Unalaska Tom Klinkner,Wohlforth Argetsinger Johnson and Brecht Eric Wohlforth,Wohlforth Argetsinger Johnson and Brecht Lew Greenbaum,Katten Muchin &Zavis Daniel Schochet,OESI Power Corporation Cliff Phillips,OESI Power CorporationGozocwTAN2°,Perkins Coie,AnchorageWinPeterson,R.W.Beck &Associates,Seattle Ray Benish,R.W.Beck &Associates,Seattle Dave Helsby,R.W.Beck &Associates,Seattle Mike Hubbard,R.W.Beck &Associates,Anchorage Subir Sanyal,Ph.D.,GeothermEx,Inc. Brooks Chandler,Hicks,Boyd,Chandler & Falconer Jim Seagraves,John Nuveen &Co.,Seattle Jim Klasen,Department of Law,Anchorage Transmitted from:Alaska Energy Authority Anchorage,Alaska Fax:(907)561-8584 Number of Pages (Including Cover Sheet): Date: (907) (907) (907) (907) (312) (702) (702) (907) (206) (206) (206) (907) (510) (907) (206) (907) 581-1417 581-2187 276-5093 276-5093 902-1061 355-5656 355-5656 276-3108 441-4964 441-4964 441-4964 276-1751 527-8164 274-3698 382-1589 279-5832 If there are any problems with this transmission,please call: Terri Ganthner (907)261-7256 Irene Tomory (907)261-7240 PO.Box AM Juneau,Alaska 99841 (907)465-3575 PO. - p=|Box 190869 704 EastTudorRoad Anchorage,Alaska 99519-0869 (907)561-7877 Sate of Bows Note.Siam Bt eet ee Alaska frergy Asmtrority A Pups Corporarian TRANSMISSION COVER SHEET ALASKA ENERGY AUTHORITY POWER REVENUE BONDS,SERIES 1992 CUNALASXA GEOTHERMAL PROJECT) FINANCING TEAM PLEASE PELIVER TO: Mark Earnest,City of Unalaska Ssgi-14a17(907)Ree Sturgqulewaxi,City of Unaiaska €907)881-2187TomKiinkner,Wonhitorth Argeteinger JonnsonandBrecht (907)276-5093EricWehlforth,Wohlforth Axrgetmsinger JonnsonandBrecht €9307)276-5093LewGreenbaum,Katten Muchin &Zavin €3122)902-1061DPanialSchochet,CEST Powexr Corporation €702)355-S656eiaiarrPnNililips,OFSI Power Corporation (702)355-8656Gewcacnw”Tanne.Perkins Coie,Anchorage (907)276-3108WinPeterson,R.W.Beck &Associates,Seattle C206)441-4964RayBenisn,R.W.Beck &Aunmociatees,Saattile C206)441-4964DaveHeisby,R.W.Beck £4 Agsmociates,Seattiae (206)441-4964MikeHubbard,R.W.Beck &Associates,Anchorage (907)276-1751SubirSanyal,Pn.D.,GeothermEx,ina.(S10)S27 8164BrookscChandier,Hicks,Boyd,Chandler 4Falconer (907)274-3698FimSeagraves,Jonn Nuveen &Go.,Seattle (29086)382-1589JimKiasen,Department ofr Law,Anchorage (907)279-5832 Pranesmittea from:Alaska Energy Authority Anchorage,Alaska Faxs €9307)S$61-"S88s84 WMumber or Pa Te CIncluding cover Sheet)=:. . Date:L2,tl Gf , xirf tnere are ary Pprobiema with this transmission,pleaswe caii: Terri Genthner (907)261-7256IreneTomory(907)261-7240 =PS.Box AM ee,Miaka S9B44 (907)4265-34575mMPO.Box 19086""Far East Tuder Read ANSKMOraGe AlGSkKSG 99519-08469 (907)561-7877 se cece ee sete ep er canoe TRANSMISSION REPORT THIS DOCUMENT (REDUCED SAMPLE ABOVE) WAS SENT ok COUNT 2k (lal#3 **k SEND *kx NO|REMOTE STATION I.D.|START TIME DURATION |#PAGES COMMENT 1 907 581 1417 12-11-91 tig |.1°54"3 \TOTAL /0:01'54"3 XEROX TELECOPIER 7020 State of Awanwes wWaecattmee oi rebec bean!Sletcmsam ruacee Mlanka Evvargy Authority A Public Corporation TRANSMISSION COVER SHEET ALASKA POWER REVENUE BONDS, CUNALASKA ENERGY AUTHORITY SERIES 19392 GEOTHERMAL PROJECT) FINANCING TEAM PLEASE DELIVER TO: Mark Earnest,city of Unalaska (907)581-1417ReeSturguliewski,City of Unalaska ¢907)SB1-21837TomKlinkner,wWohlforth Argetsinger JohnsonandBrecht qC3aq7)276-5093Exicwonlforth,Wohlforth Argetsinger JonnsgonandBreont ¢€907)276-S093LewGreenbaum,Katten Muchin &Zawvis €322)s8,so02-1061DanielSchochet,OCFSI Power Corporation (702)355-5656ClirfrPniliips,OFSI Power Corporation (702)355-5656GorzeaowTAN,Perkins Coie,Anchorage €907)276-3108.Win Paeteragzcon,R.W.Beck 6&6 Agssanociates,Seattila ¢2q6)>441-4964RayBanish,R.W.Beck &AsSOCcCiates,Seattle C206)441-4964DaveHelsby,R.W.Beck &Associates,Seattie C206)441--4964MikeHubbard,R.W.Beok &Associates,Anchoracqda (207)276-1751SubirSanyal,PH.D.,GeocothermEx,Ene.cs1inqap S27 -H8164BrooksChandler,Hicksjs,Boyd,Chandler «&Falconer (907)274-3698FimSeaqravesa,Fonn Nuveen &CO.,Seattiae (206)382 15a9JimKlassen,Department of Law,Anchorage (307)279-5832 Transmitted from: FPaxr Number of Pages Date: re there are any problems with this transmia@aeion, Terri Gantnner irene Tomory m PD.Bon AM Juneau.Alaska 09844 =PO.Bou 190869 704 East TtucdiorRoad Alaska Energy Authority Anchorage, q€2907) Alaska 561-ae85s84 Cinciudading Cover Sheet): Please call: (907) €907) 261-7256 261-7240 (90 7)465-3575ANChoOrage,Alaska 99519-0869 (9O7)$41-7877 TRANSMISSTON REPORT THIS DOCUMENT WAS CONFIRMED (REDUCED SAMPLE ABOVE *«COUNT **« TOTAL PAGES SCANNED TOTAL PAGES CONFIRMED *K SEND 2k« SEE DETAILS BELOW) 3 3 No.REMOTE STATION START TIME DURATION |#PAGES MODE RESULTS 1 65812187/12-11-91 13:10 1°16"3/7 3;EC COMPLETED 9600 TOTAL 0:01°16"3 NOTE: No.:OPERATION NUMBER 48 4800BPS SELECTED EC ERROR CORRECT G2 G2 COMMUNICATIONPD:POLLED BY REMOTE SF STORE &FORWARD RI RELAY INITIATE RS RELAY STATION MB SEND TO MAILBOX PG POLLING A REMOTE MP MULTI -POLLING RM RECEIVE TO MEMORY ee ee mena ape -_ ave sf &os45 Alaska Energy Authority 4 Pupiic Corsoretion TRANSMISSION COVER SHEET ALASKA ENERGY AUTHORITY POWER REVENUE BONDS,SERIES 1992CUNALASKAGEOTHERMALPROJECT) FINANCING TEAM PLEASE DELIVER TO: Mark Earnest,city of Unalaska (907)Se@2---1417RoeSsturgquiewski,City of Unaiaska (907)581-2187TemKilinkner,Wonhitfortn Argetminger JonnsonanaBrecht (907)276-S093BricWohltforen,Wohlferth axrgetsminger JonnmonandBrecht (907)276-5093LewGreenbaum,Katten Muchin &Zavis €312)so02--1061DanielSchoonet,OCESI Power Corporation €7O2)23255-S6S56eCcl1litrPnNAllipsas,SCFEST Fower Corporation (702)35355-5656Gorton”Tanne ,Parkins Coie,Anchorage €907)276-3108winPeterson,R.W.Beck &Amsociates,Seattle C206)241-4964RayBenienh,R.W.Beck &Agmociates,Seattle (206)441-4964DaveHelsry,R.W.Beck &Associates,Seattila C206)441 4964MikeHubbard,R.W.Beck &Amgszsociatas,Anchorage €907)276-1751BubirSanyal,PH.D.,GeothermEx,Inc.(S10)527-8164Brockscnandler,Hicks,Boyd,Chandler &Faliconar (907)274-3693JimSeagraves,Jonn Nuveen &Co.,Seattla €206)382-1589JimKliawzen,LCepartmant of Law,Anchorage (907)279-5832 Transmitted from:Alaska Energy AutmorityAnchorage,AlaskaFaxs(so0O7)S61-a 584 Number of Pages (Including Cover Sneet):. Date: Ie there are any rrebiemese with thie tranasmiesion,please cali: Terri Ganthner (907)261-7256 Irene Tomory (9807)261-7240 c PO.Box AA Jun@au,Aiaska 99844 (9O?7}466-3575_eS.BOK 1908609 704 East TUSGor Road ANMGHOraGge AlASKG 99519-0869 (907)567-7877 TRANSMISSION REPORT THIS DOCUMENT (REDUCED SAMPLE ABOVE) WAS SENT **&COUNT ** #3 *kK SEND eK NS er low See ST eee Se NO REMOTE STATION i.D.START TIME DURATION #PAGES COMMENT 1]WOHLFORTH ET AL.,AK 12-11-91 13:12 1°48"3 TOTAL 0:01'48"3 XEROX TELECOPIER 7020 Masks Energy Authority A PUBS Comporarican TRANSMISSION COVER SHEET ALASKA ENERGY AUTHORITY POWER REVENUE BONDS,SERIES 1992 CUNALASKA GEOTHERMAL FROJECT) FINANCING TEAM PLEASE DELIVER TO: Mark Farnest,city of UnalagskaRoeSturgulewaki,City of UnalaskaTomKiinkner,Wohltforth Argetasinger JonnsonandBracht EBErigc Wohlforth,Wohlforth Argetaingar TJohnaonandBrecht Lew Greenbaum,Katten Muchin &ZgavisDanielSchnochet,OCESI Power CorporationC1iarterPnillips,OFSI Power CorporationSGettasa”AAs ',Parking Coie,AnchorageWinRrPreaterson,R.W.Beck &Associates,Saattilie Ray Benish,R.W.Beck &Associates,Seattle Dave Helany,R.W.Beck &Associates,SeattleMikeHubbard,R.W.Beck&Asnswociates,AnchorageSubirSanyal,Pn.O.,GeothnermEx,ine.Brooka Chandler,Hicks,Boyd,Chandler &Falconer TJFim Seagraves,Jonn Nuveen &Co.,SeattleJimKiasen,Department cf Law,Anchorage Tranemitted from:Alaska Energy AuthorityAncNnorage,AlaskaFaxes:€23207)S561-as58a84 Numbar of Pages (Including Cover Sheet): Date; re there are any problems with this transmission, Terri Gantnner (907)261-7256 ETErene Tomory (907)261-7240 iD RPO.Box AM Juneau,Alaska 998414 (907)466-3575 -&6 6FPCO.Box 190869 701 Egat fuctor Roax«<ad ANCcChHoOrTage Alaska 99519-0849 Siestes ot Aiceka Acai J RK)evanrenanr ARANAAARRRARARAAAAONGPONNNONNUY0OOoooHOOOCOoCCKOGCGOOJONOVAMANNANNNNNNNttkes81--1417 $e1-2187 276-5093 278-5093 /902-1061 355-S656 355-S656 441-4964 441-4964 27GE -1L751 5S27-aica 274-3698 382-1589 27292-5832 please cali: (9O7)661-7877 TRANSMISSION REPORT THIS DOCUMENT WAS CONFIRMED (REDUCED SAMPLE ABOVE -SEE DETAILS BELOW) TOTAL PAGES SCANNED TOTAL PAGES CONFIRMED *k COUNT ** 3 3 *EK SEND 4K No.REMOTE STATION START TIME DURATION |#PAGES MODE RESULTS 1 13129021061)12-11-91 13:13 1°17"3/ 3/EC COMPLETED 9600 TOTAL 0:01°17"3 NOTE: No.:OPERATION NUMBER 48 :4800BPS SELECTED EC :ERROR CORRECT G2 G2 COMMUNICATIONPDPOLLEDBYREMOTESF:STORE &FORWARD Rl]=RELAY INITIATE RS RELAY STATION MB SEND TO MAILBOX PG :POLLING A REMOTE MP :MULTI-POLLING RM RECEIVE TO MEMORY Alaska Energy Authority A Puoplig Caorpeornan TRANSMISSION COVER SHEET ALASKA ENERGY AUTHORITY POWER REVENUE BONDS,SERIES 1992C{UNALASKA GEOTHERMAL PROJECT) FPINANCING TEAM PLEASE DELIVER TO: Mark Earnest,City of UnalaskaRoeSturgulewski,City ofr UnalaskaTomKlinknexr,Wohiforth Argetainger JohnsaonandBrecht Bric Wonliforth,Wohlforth Argetsainger JohnsonandBraeacht Lew Greenbaum,Katten Muchin &ZavisDanielSchochet,OESI Power CorporationSlirrPrnrAllips,OFSIT Power CorporationGenaFAN2>,Perkins Coie,AnchorageWinPeterson,R.W.Beck &Asgwociates,SeattleRayBenisgsh,R.W.Beck &Agsspociatas,Seattle Dave Helsby,R.W.Beck &AsBSwBoOcIiatesS,SeattleMikeHubparda,R.W.Beck &Associates,AnchoragaSubirSanyal,PhH.D.,GeothermEx,Tra.Breoka Chandier,Hicka,Boy@,Chandler 4&Faiconer Tim Reagraves,Fonn Nuveen &£Co.,SeattleJimKliasen,Depaxrtment of Law,Anchorage Tranemitted from:Alaska Energy AutnorityAnchorage,Alaska Faw:qso7 3 5G61-a8584 Number of Pages (Fmoluding Cover Sheat): Date: ie there are any Problema with thie transmission, Terri Ganthnex (907)261-7256Y¥reana Tomory (9307)2ai-724a he POS.Box AM Juneau.Aleaaska 9984114 (PO7)A68-34 75mmPSD.Box 190849 7O*East Tudor Road ANGhHOrage Aiaska 99519-0869 NOTONVNONIWO0OYRARAARAAARARAAAR900PoO0CCOCOOOHOOo00pie (907) Sle stew 498 icanlecaWreaifas:J |tettrigatel SSpeceweger mune 7}#%Sa1-14:17 7)S81--2187 7)276-5093 7)276-S0932)go2-2062//2)355-5656 2)355-5656 7)276-3208 6)#€413-4964 6)441 -4196464 6)441-4964 7}276 1751ao}S27Fv--8164 7}274-3698 G6)382-1889 7}279-5832 age oailiili: 641-7a77 TRANSMISSION REPORT THIS DOCUMENT WAS CONFIRMED (REDUCED SAMPLE ABOVE -SEE DETAILS BELOW) *x«COUNT ** TOTAL PAGES SCANNED TOTAL PAGES CONFIRMED 3 3 *kK SEND 2K No.REMOTE STATION START TIME DURATION |#PAGES MODE RESULTS 1 702 355 5656/12-11-91 13:18 1°43"3/=3/EC COMPLETED 3600 TOTAL 0:01°43"3 NOTE: No.:OPERATION NUMBER 48 :4800BPS SELECTED EC :ERROR CORRECT G2 G2 COMMUNICATIONPD:POLLED BY REMOTE SF :STORE &FORWARD RI :RELAY INITIATE MB °SEND TO MAILBOX PG =POLLING A REMOTE MP :MULTI-POLLING RS RM RELAY STATION RECEIVE TO MEMORY * Stare xf a aesa™Nate.See Feese ee Alaska Energy Authority APuSne Ceorparation TRANSMISSION COVER SHEET ALASKA ENERGY AUTHORITY POWER REVENUE BONDS,SERIES 1992CUNALASKAGEOTHERMALFPROJECT) FINANCING TEA™ PLEASE DELIVER TO: Mark Earnest,City of Unaiagxka (907)881-1417 Roe Sturguliewski,City of Unalaska 907)s3a31-2187 Tom Kiankner,Wohlfeortn aArgetainger Johnson anc Bracht (907)276-5093 Eric Wohlfortn,Wohlforthn Argetswinger Jonnson ana Brecht (9307)276-5093LewGreenbaum,Katten Muchin &Zavis €322)9602-12061 Daniel Scnochet,OCESI Power Corporation (702)353-5656 C1lirr PrRAllips,OEFESI Power Corporation (7902)355-5656Gortoza'TanN-&'s Perkins Coie,Anchorage (907)276-3108 Win Paterson,R.W.Back &Associates,Seattia C206)441-4964 Ray Benish,R.W.Beck &Associates,Eeattis €206)441-4964 Dave Helsbry,R.W.Beck &Aseociates,Seattle (206)4241-4964MikeHubbarda,R.W.Beck &Associates,Anchorage (2907)276-1752SubirSanyalPnh.D.,GeotnermEx,Inc.(520)527-8164 Brooks Chandler,Hicks,Boyd,cnandler «é Falconer (9CG7)274-3698 Jim Seagraves,Tohn Nuveen &Co.,Seattle (206)3s2-1589 Tim Kiawen,Department of Law,Anchorage (9O7)279-5832 Transmitted from:Alaska Energ Authority Anchorage,AiaskKaFass€2907)8561-8584 Number of Peges (Including cover Sheet):. Date: If tnere are any probiems witn this transmiesion,please omlils Perri Ganthner (907)261-7256IreneTomery(9307)261-7240 =PSD.Box AMA Juneau.Alaska 99E14 (PO?)266-3575ahPXBox190869704EastTuciorRoadANEGMOSaAges Alaska OF519-0869 {9O?7)B0%-7877 fo ae A eS OR GL Eee Te oe water ne om ne Sete ee eS TRANSMISSION REPORT THIS DOCUMENT (REDUCED SAMPLE ABOVE) WAS SENT **K COUNT ** #3 we SEND etek NO REMOTE STATION I.D.START TIME DURATION RPAGES COMMENT 1 9072763108 12-11-91 13:22 1'S7"3 TOTAL 0:01'°57"3 XEROX TELECOPIER 7020 Srato ot A <asacsaSVCDmECementSCRete Alaska Enargy Authority &Putin Corporcnon TRANSMISSION COVER SHEET ALASKA ENERGY AtUrHorRivTy POWER REVENUE BONDS,SERIES 1992 CUNALASKA GEOTHERMAL PROJECT) FINANCING TEAM PLEASE DELIVER TOr Mark EFarnest,city of Unaiasxka C907)581-1417 Roe Sturgulewski,City of Unalaska €907>S®e1-2187 Tom Kiinkner,Wohmhifortn Axrgetainger TJonnson and Brecht (907)276-5093 Bria wohifortn,Wonifortn aArgetainger Jonnsaon and Brecht (907)276-5093LewGreenbaum,Katten Muchin &Zavis (3142)B9O2z--1061 Daniel Schochet,OESI FPower Corporation (€702)>355-S656 ecliaifr Pniltlipe,CESIT Power Corporation C702)355-S656 Geran TANvw ,Perkins Coie,Anchorage (907)2767-3208 4WimPeterson,FR.W.Beck &Asmociates,Saattila C€2]QOG>441-4964 Ray Benish,R.W.Beck &Associates,Seattle (206)a4a2-49604"%Dave Helsby,R.W.Beck &Associates,Seattia (206)441-4964 Mike Hubbard,R.W.Beck &Aasociataes,Anchorage C907)276-1751 Subir Sanyati,Pn.O.,GweothermEx,Ince (510)S27-8164 Brooks Chandler,Hicks,Boyd,Chandler &Faealcone,r (9a7)2743-3698 Jim Seagraves,Johm Nuveen &Co.,Seattle C206)3a2---1589 Jim Klasen,Department of Law,Anchnorage C907)279-5832 Transmittea from:Alaska Erergy AuthorityAnchorage,AlaskaFaces(s2O7)Se61-aS5Ee4 Number of Pages (EFEnoluding cover Shaeaet): Dates: Ir there are any problems with this tranamission,pleasa call: Terri Ganthner (9307)261-7256 Lreme Tomory (907)261-7240 PO.Box AM aUNeau,Alaska 99811 (9O7)}465-3576 >PO.Bon 190869 704 East Tudor Road Anchorage Alaska 09519-0869 (907)861-7877 TRANSMISSION REPORT THIS DOCUMENT WAS CONFIRMED (REDUCED SAMPLE ABOVE -SEE DETAILS BELOW) *«COUNT **x TOTAL PAGES SCANNED TOTAL PAGES CONFIRMED G2GowR SEND ek No.REMOTE STATION START TIME DURATION)#4PAGES MODE RESULTS 1 206 441 4964}12-11-91 13:30 1°53"3/3 COMPLETED 9600 NOTE TOTAL 0:01°53"3 NOTE : No.:OPERATION NUMBER 48 :4800BPS SELECTED EC :ERROR CORRECT G2 :G2 COMMUNICATIONPD:POLLED BY REMOTE SF :STORE &FORWARD RI =:RELAY INITIATE RS :RELAY STATION MB :SEND TO MAILBOX PG =POLLING A REMOTE MP :MULTI-POLLING RM =:RECEIVE TO MEMORY Pore st Basa FO tae J Sone ere tee Alaska Energy Authority APuBic Corpesraies TRANSMISSION COVER SHEET ALASKA ENERGY AUTHORITY POWER REVENUE BONDS,SERIES 1992(CUNALASKA GEOTHERMAL FPROJECT) FINANCING TEAM PLEASE PELIVER TOs: Mark Earnest,city ofr Unaiaska .€907)sa81--1417RoeSturguiewski,City of Unalaska (907)sse1-2:187TomKiinkner,Wohifortn argeteinger JonnsonandBrecht €2907)276-5093BricWonlrforthn,Wohifortnhn Argetainger TJonngonandBrecht (907)276-5093LewGreenbaum,Katten Muchin &Zavvi €322)9so2--1061DanielBScnochat,SCESI rower Corporation €7O2)355-5686Gl1ivePrillips,C8ESI Power Corporation C702)35355-56856GenasaTrane's,Perkins Coie,Anchorage (907)276-3108WinPeterson,R.W.Beck &Agzoociatas,Seattieae (206)441-4964RayBenisn,R.W.Beck &Associata Seaattile (206)441-4964DaveHelary,R.W.Beck &Associates,Seattle -€206)442-964,/Mike Hubbard,R.W.Beck &Associates,Anchorage (907)276 17512Subirsganyal,Pn.Dd.,GeothermEx,Ince.(310)527-8164BrookesChandier,Hicks,Boyd,Chandler &Falconer (907)274-3698YimSeagraves,JTonn Nuveer £4 Co.,Seattisa (206)382-1589€907)279-5832JimKiagsen,Department of Law,Anchorage Transmitted from:Atagka Enexrg Authority Anonorage,Alaska Pax s (907)S61-eE384 Number of Pages (Inciuding Cover SsSneet): Date: If tnere are any problems with this traenamiasion,please caiisr Terri Ganthnhner (907)261-7256IreneTomory(8907)2612-7240 Box AM JUA@AaU,Alaska 99844 (PO?)265-3575 Bo: eS. RPS.x 190869 7O4 East Tucor Road ANCHoOTrage Alaska 99S19-0869 (9O7)861-7877ba antempp es mean Ferencoe ceeLoeRe TRANSMISSION REPORT THIS DOCUMENT (REDUCED SAMPLE ABOVE) WAS SENT *E COUNT *% #3 seek SEND kek NO REMOTE STATION I.D.START TIME DURATION #PAGES COMMENT 1 9072761751 12-11-91 13:31 2°12"3 TOTAL 0:02'12"3 XEROX TELECOPIER 7020 Slew Ot MicykeeD>WrealtinsJ Uivetmere,CRenvare renor ° . aaee Alaska Energy Authority A Purmile Corpworcstian TRANSMISSION COVER SHEET ALASKA ENERGY AUTHORITY POWER REVENUE BONDS,SERIES 1992 CUNALASGKA GEOTHERMAL PROJECT) FINANCING TEAM PLEASE DELIVER TO: Mark Earnest,City of Unalaska C307}5e1i-1417RoeSturgqulewski,City of Unalaska €907)S81-2187TemKiliinknexr,Wohlforth Argetswsinger JohnsonandBrecht C907)276 -So093EricosWohlftforth,Wonhlforth Argetainger JonnzonandBrecht (907)276-5093LewGreenbaum,Katten Muchin &Zavin C312)8Fvo2-1061Danielschochet,OFSI Power Corporation €7O2)355-5656e1iairrPrnriliips,GEST Power Corporation (702)355--s5656GeneTanw@>,Perkins Coie,Anchorage (9097)276-3108winPeterson,R.W.Beck &Associates,Seattle (206)441-4964RayBenish,R.W.Beck &Ammociataeas,Seattle (206)441-4964DaveHelsby,R.W.BacK &Associates,Seattle C206)441-4964MikeHubbard,R.W.Beck &Asmwociates,Anchorage (907)276-1751SubirSanyal,Pn.D.,GeotnhermEx,Inc.€810)S27-8164BrooksChandier,Hicks,Boyd,Chand@dler «& Falconer (307)274-3698JimSeagraves,John Nuveen &Co.,Seattia (206)3Be2-1589JimKliagen,Department of Law,Anchorage (9073)279-5832 Transmitted from: Faxes Alaska Energy Authority Anchorage, 907) Alaska 561 aesaa Number of Pages (Including Cover sneet): Date: rf there arew any problems with this tranemiaesion, Terri Ganthner Irena TYomory ml PO.Box AM duneau,Alaska OO 14eaPO.Box 190849 704 Eost tudear Raad Pilease call: (907) (307) 262-7256 ae1-7240 (P07)465-3575 ANCHOrage Alaska 99519-0869 (9O7)561-7877 TRANSMISSTON REPORT THIS DOCUMENT WAS CONFIRMED (REDUCED SAMPLE ABOVE *E COUNT **x TOTAL PAGES SCANNED TOTAL PAGES CONFIRMED tok SEND ok SEE DETAILS BELOW) 3 3oe No.REMOTE STATION START TIME DURATION |#PAGES MODE RESULTS 1 510 527 8164/12-11-91 13:37 1°55"3/7 3)/EC COMPLETED 7200 TOTAL 0:01°55"3 NOTE: No.:OPERATION NUMBER 48 4800BPS SELECTED EC ERROR CORRECT G2 G2 COMMUNICATIONPDPOLLEDBYREMOTESFSTORE&FORWARD RI RELAY INITIATE RS RELAY STATION MB SEND TO MAILBOX PG POLLING A REMOTE MP MULTI -POLLING RM RECEIVE TO MEMORY ™| Alasia Energy Authority&Public:Ceormercation TRAN SMISSTON COVER SHEET ALASKA ENERGY AUTHORITY POWER REVENUE BONDS,SERIES 1992CUNALASKAGEOTHERMALPROJECT) FINANCING TEAM PLEASE DELIVER TOs Mark Earnest,City of UnalaskaRoeSturgqulewsxi,City of UnalaskaTomKiinkner,Wohiforth aArgetsinger Johnaon and Brecht Bric Wohlirortnh,Wohltorth Argetsinger Jonnson and Brecht Lew Greenbaum,Katten Muchin &ZawvisDanielSchochet,OCESI Power CorporationCclirrPnillips,OFSLY Power CorporationGeceecsTanne,Perkins Coia,AnchorageWinPeterson,R.W.Beck &Associataeaa,SeattleRayBenisn,R.W.Beck &Agsociates,SeattlePaveHelerny,R.W.Beck &Associates,Seattla Mike Hubbara,R.W.Beck &Asasscciat.as,AnchorageSubirSanyai,Pn.D.,GeotnexrmEx,Inc.Broeeka Chandler,Hicks,Boyd,Chandier «Falconer Fim Seagraves,Tonn Nuveen &Co.,SaattileTimKiasgsen,Pepartment of Law,Anchorage Tranemitted from:Alaska Energy Authority Anchorage,Aliaska Fax:¢so7)S$61-ses5sea Number of Pages (Tnoliludimng Cover Sheet): Date: rf there are any probleme with this transmission, Terri Gantnner (907)261-7256 trans Temory (907)261-7240 XD.Bow AM Juneau,Alaske;9P844 (907)465-3876 RPO.Box 190849 701 Eausat Tudor Road Ancnorage.Alaska 99519-0869 Stcalew aot Aiasgwis Weesitewr go marke Secovcdheroe / (907)581-1417 (907)581-2187 (907)276-5093 (907)276-5093 (312)902-1061 (702)355-5656 (702)359-5656 (907)276-3108 (206)441-4964 (206)441-4964 (206)4241-4964 (907)276-1751 (510)S27-8164 (907)274-3698" (206)382-1589 (907)279-5832 Please cmiil: (9O7)544-7877 TRANSMISSTON REPORT THIS DOCUMENT WAS CONFIRMED (REDUCED SAMPLE ABOVE -SEE DETAILS BELOW) *xk COUNT 2x TOTAL PAGES SCANNED : TOTAL PAGES CONFIRMED 3 3 *eK SEND ake No.REMOTE STATION START TIME DURATION |#PAGES MODE RESULTS 1 02503171 |12-11-91 13:34 1°52"3/3 COMPLETED 9600 TOTAL 0:01°52"3 NOTE No.+OPERATION NUMBER 48 ;4800BPS SELECTED EC :ERROR CORRECT G2 :G2 COMMUNICATIONrpPOLLEDBYREMOTESF:STORE &FORWARD RI =:RELAY INITIATE RS =RELAY STATIONSENDTOMAILBOXPG:POLLING A REMOTE MP :MULTI-POLLING RM :RECEIVE TO MEMORY .|Stare of &oasesam,Novrers sone Sapte: Alaska Energy Authority APUBIC Corporation TRANSMISSION COVER SHEET ALASKA ENERGY AUTHORITY POWER REVENUE BONDS,SERIES 1992CUNALASKAGEOTHERMALPROJECT) FINANCING THAM PLEASE DELIVER TO: Mark Earnest,City of Unalaska €3907)381-1417 Roe Sturguiewski,City of Unalaska €907)581-2187 Tom Kiinkner,Wohiforth aArgetsinger Jonnson and Brecht :€907)276-5093 Exrico wWonhliferth,Wohiforth Argetasinger Jonnson ana Brecht (907)276-5093LewGreenbaum,Katten Muchin &Zavis C312)S9O2Z2-1061 Daniel Schoehaet,CESI Power Corporation C702)355-5656 GLizter Pnillips,CESI Power corporation (702)355-8656Gowa:s TAN '»Perkinmge Coie,Anchorage €907)276-3108 Win Petergson,R.W.Beck &Associates,Seattle €206)82441-4964 Ray Benish,R.W.Beck &Associates,Seattle (206)441-4964 Pave Helsry,R.W.Beck &Aswpociates,Seattis C206)441-4964 Mixe Hubbard,R.W.Beck £6 Associates,Anchorage €307)276-1751 Bubir Ganyal,Pm.D.,GeothermEx,Ino.€810)5327-8164 Brooks Chandler,Hicks,Boyd,chandler & Falconer (907)274-3698 Jim Seagraves,Jonn Nuveen £&£CoO.,Saattile €206)382-1589 Jim Kliasgen,Department of Law,Anchorage (907)279-5832 Tranemittedad from:Alaska Energy Authority Number of Pages Date: Anchorage,AlaskaFaxs(9307)S61 8a8ea4 CIneluding Cover Sheet): If there are any probPlems with this tranemisasion,please calls Terri Ganthner (9307)261-7256 Irene Tomeory (93907)261-7240 Box AM Juneau.Alaska 99844 (907)468-3875=Po. ah PO.BOX 190869 704%&ast Tuctor Road ANGHhOrage Alaska 99519-0849 (9O7)561-7877 TRANSMISSION REPORT THIS DOCUMENT (REDUCED SAMPLE ABOVE) WAS SENT *K COUNT ** #3 *KKE SEND *&& NO REMOTE STATION I.D.START TIME DURATION #PAGES COMMENT 1 206 382 1589 12-11-91 13:39 1'°52°3 TOTAL 0:01'°52"3 XEROX TELECOPIER 7020 Brooks chand Numbex of Pages (rncliuding Cover sneet)s Alaska Energy Authority A Puplie Cerperation TRANSMISSION COVER SHEET ALASKA ENERGY AUTHORITY POWER REVENUE BONDS,SERIES 1992(UNALASKA GEOTHERMAL FPROJECT) FINANCING TEAM PLEASE DELIVER TO: Mark Earnest,city of UnalaskaRoeSturgulewski,City of UnailaskaTemKlinkner,Wonlrorth Argetsinger JonnswonandBrechnt Bric Wohirortn,Wonlitforth argetsinger JonnsonanaBrecht Lew Greuankbaum,Katten Muchin &Zavis Daniel Schochat,CESI Power CorporationclirrPNillipe,OCESI Power CorporationGotta:Tanase,Perkineg Coie,AnchoragewinPeaterason,R.W.Beck &Associates,SeattleRayBenign,R.W.Beck &Associates,SeattleDaveHelawaby,R.W.Beck &Associates,SeattleMikeHukbrardad,R.W.Beck &Agmwociates,AnchorageSubirsanyaliPm.D.,GeotnermEx,Inc.Ser,Hicks,Boyd,Chandler &Falconer Jim Seagraves,Jonn Nuveen &Co.,SeattleJimKiasen,Department of taw,Anchorage Tranamitted from:Aiaska Energy AuthorityAnchorage,Alaska Faxs €907)561-8584 Date: If there are any problems with this transmission, Terri Ganthner (907)261-7256 Irene Tomoryw (907)261-7240 mm RS.Box AM 4uUn@au.MAaska SOa14 (9O7)466-3575SEPO.BEOx 190889 704 East Tucer Read ANGCHOISSee Alaska 99519-0869 Brote st ote aAersmSamSromir es (907)8381-1417 €907)581-2187 (907)276-5093 (907)276-S093 €34a2)BvoORrz-1061 (702)355-5656639333535-5656(207 276+-3108 €206)441-4964 (206)441-4964 C206)441-4964 (907)276-1752 (S810)527-8164 (907)274-3698(206)382-1589(9075 279-5832 Please calls: (967)301-7877 TRANSMISSION REPORT THIS DOCUMENT (REDUCED SAMPLE ABOVE) WAS SENT *k COUNT #% #3 *eK SEND *Kx NO REMOTE STATION I.OD.START TIME DURATION #PAGES COMMENT 1 907 12-11-91 13°42 2°21"3 TOTAL 0:02'21°3 XEROX TELECOPIER 7020 Alaska Energy Authority A Public Corporation TRANSMISSION COVER SHEET ALASKA ENERGY AUTHORITY POWER REVENUE BONDS,SERIES 1992 (UNALASKA GEOTHERMAL PROJECT) FINANCING TEAM PLEASE DELIVER TO: Mark Earnest,City of Unalaska Roe Sturgulewski,City of Unalaska Tom Klinkner,Wohlforth Argetsinger Johnson and Brecht Eric Wohlforth,Wohlforth Argetsinger Johnson and Brecht Lew Greenbaum,Katten Muchin &Zavis Daniel Schochet,OESI Power Corporation Cliff Phillips,OESI Power CorporationGerenTAnN2 ,Perkins Coie,AnchorageWinPeterson,R.W.Beck &Associates,Seattle Ray Benish,R.W.Beck &Associates,Seattle Dave Helsby,R.W.Beck &Associates,Seattle Mike Hubbard,R.W.Beck &Associates,Anchorage Subir Sanyal,Ph.D.,GeothermEx,Inc. Brooks Chandler,Hicks,Boyd,Chandler & Falconer Jim Seagraves,John Nuveen &Co.,Seattle Jim Klasen,Department of Law,Anchorage Alaska Energy Authority Anchorage,Alaska Fax:(907)561-8584 Transmitted from: Number of Pages (Including Cover Sheet): Date: Walter J Kickel.Governor (907) (907) (907) (907) (312) (702) (702) (907) (206) (206) (206) (907) (510) (907) (206) (907) State of Alaska 581-1417 581-2187 276-5093 276-5093 902-1061 355-5656 355-5656 276-3108 441-4964 441-4964 441-4964 276-1751 527-8164 274-3698 382-1589 279-5832 If there are any problems with this transmission,please call: Terri Ganthner (907)261-7256 Irene Tomory (907)261-7240 PO.Box AM Juneau,Alaska 99814 (907)465-3575O 34.PO.Box 190869 -704 East Tudor Road -Anchorage,Alaska 99519-0869 -(907)561-7877 Contact: Phone: FAX: December 10,1991 5:30 p.m. ALASKA ENERGY AUTHORITY UNALASKA GEOTHERMAL PROJECT Financing Team Meeting December 12 and 13,1991 Alaska Energy Authority Conference Room 701 East Tudor Road Anchorage,Alaska Brent Petrie (907)561-7877 (907)561-8584 REVISED AGENDA Thursday,December 12th -AEA Conference Room 8:30 a.m. 11:00 a.m. 12:30 p.m. 1:30 p.m. 2:30 p.m. 3:30 p.m. 5:00 p.m. 91Q4\TJ2090(1)© Review Project Development Schochet °Plant Description Infrastructure Geothermal Field Development Construction Schedule Plant Operationoo0°Discussion of Geothermal Resource Consultant's Report (by teleconference)Geothermex Staff Lunch in Conference Room Continue Discussion of Development Plan (as needed)Schochet/OESI Discussion of R.W.Beck Studies Benish/Helsby/°Construction Costs Hubbard °Unalaska Load Forecast °Dispatch Model °Data Needs/Report Schedule °Conclusions Review of Documents (ah HerthChandler/ Klasen Power Sales Agreement City/Company Agreement Construction Contract Operating Agreement Fluid Sales Agreement Preliminary Official Statement Related Documentsoo0680OoOO Summary and Questions Petrie ALASKA ENERGY AUTHORITY UNALASKA GEOTHERMAL PROJECT Financing Team Meeting December 12 and 13,1991 Alaska Energy Authority Conference Room 701 East Tudor Road Anchorage,Alaska REVISED AGENDA Friday,December 13th -AEA Conference Room 8:00 a.m. 12:00 p.m. 1:00 p.m. Continue Discussion of R.W.Beck Studies Discussion of Project Economics Capital Cost Estimate Annual Operating Costs Fluid Fees City's Operating Costs Pro Forma Operating ResultsoOo096°Lunch in Conference Room (if necessary) Discussion of Schedule December 10,1991 5:30 p.m. Phillips/Benish Helsby/Hubbard Petrie We plan to adjourn in time to allow travellers to catch 3:00 p.m.Southbound flights. -91Q4\TI2090(2) Alaska Energy Authority A PupliSC Gorporation TRANSMISSION COVER SHEET ALASKA ENERGY AUTHORITY POWER REVENUE BONDS,SERIES 13992CUNALASKAGEOTHERMALPROJECT) FINANCING TEAM PLEASE DELIVER TO: Mark Earnest,city ef UnalaskaRoeSturgqgulewski,City of UnailaakaJackTempleton,City or UnalaaskaTomKiinknmer,Wohiforth Argetsinger Johnson and Brecht Eric Wonhifeortn,Wonltfortn argetasingar Fonnson and Brecht Lew Greenbaum,Katten Muchin &ZavisaPanielScnocnet,OFESI Power CorporationCraivrr®Pnililipea,CESI Power CorporationMikeKreger,Perkins Coie,AnchorageWinPetere@eon,R.W.Beck &Associates,SeattieRayBenish,R.W.Beck &Agsociates,SeattilaPaveHelwsby,R.W.Beck &Associates,SeattieMikeHubbard,R.W.Beck &Associates,Anchoraga Subir Sanyal,Pn.D.,GeothermEx,Ina.Brooks cChandgdler,Hicks,Boyd,chandler & Faliconer State of Aicaskca Walter Jl.Ricke!,Governor 276-5093 382-1589 441-4964 441-4964 441-4964 276-1751 527-8164 274-3698 WOWONNNUNNGO©OOoooFOOGOCOOrFSO900NONONQOAOANNNNNVNNNNweweoYweeWFim Seagravas,TFohmn Nuveem &Co..BSeatt ia Se2--1858a9 wawm KMiamw@eri,DPpepartmant crf eee wo aMonoxraqes av7e- -eBeo32ARAAAANRARRARANRBRAAA Transmitteda froma Alaaska Energy AuthorityAnchorage,Alaska Fes (907)861-8584 Number oF Page CXmoluding Cover Sheet):>Date:\2f/ro /F 4 xr there are any proeblems with this transmission,piease call: Terri Ganthner (907)261 -7256 Irene Tomory (907)#61 -7240 2 FO.Bow AM JUPRe@Eau.Alaska SOBt4 (9O7}245-3575fkPO.Box 190869 704 East Tucioer Roaa ANGHONM|IgQe Alaska 99319-0869 (907)561-7877 TRANSMISSION REPORT THIS DOCUMENT (REDUCED SAMPLE ABOVE) WAS SENT #2 COUNT #3 ¥KK SEND KKK NO REMOTE STATICN I.D.START TIME DURATION #PAGES COMMENT 1 907 581 1417 12-10-91 10:22 1°55"3 TOTAL 0:01'55"3 XEROX TELECOPIER 7020 oe ee woe vor State of Alaska Wolter J.Hickel,Governor Alaska Energy Authority A Public Corparation TRANSMISSION COVER SHEET ALASKA ENERGY AUTHORITY POWER REVENUE BONDS,SERIES 1992CUNATASGKAGEOTHERMALPROJECT) FINANCING TEAM PLEASE DELIVER TO: Mark Earnest,City of Unalaska (907)5812-1417"Ree Sturguliewski,City of Unailaska (9307)@81-218a7%5TackTempleton,City of Unalaska (907)Tom Klinkner,Wohlforth Argetsinger JohnsonandBrecht (907)276-S09S3BricWonhifeortn,Wonhlforth Argeteinger JonnaonandBrecht (307)276-8083LewGreenbaum,Katten Muchin &Zavis 3e2-1589 Paniel sSscnochet,CESI Power Corporation 3255-5656clatterPnilidaps,OCFSI Power Corporation 355-5656MixeKreger,Perkinm Coie,Anchorage 276-3108winPeterson,R.W.Beok &Associates,SeattieRayBeniahnh,R.W.Beck &Agsociates,SeaattiaDaveHelsby,R.W.Beck &Associates,SeattleMikeHubbard,R.W.Beck &Azgssociates,AnchoragaBubirSanyal,PNH.D.,GeothermEx,Fno.Brooka cnandier,Hicks,Boyda,chandler «&Fralilconer Tim Seagraves,Jonn Nuveen &Co.,SeattieaeJimKlassen,Department of Law,Anchorage S27-Gi64 274-3698 382-1589 27293-5832ARRRARARRAARAARAONGWOKNNONNY000#oOCc0000OHNANONQOANNNYPRAMIRINAOdelet6&iv)I&0aaTransmitted from:Alaska Enmergy AuthorityAnonorage,Alaska Fax:(907)561-8584 Number of Page CEncluding Cover Sheet)«x _=> Date:12/10 fj xf there are any problems with this tranamiassion,please call: Terri Ganthner (907)261-7256 ZTrene Tomeory (907)261-7240 Cc FPO.BOR AA Juneau,Alaska O68 14 (P07)465-3575GRRPO.Box 190869 704 Ect Tudor Road ANSCHOrage Alaska OV5E19-0869 (9O7)})561-7877 TRANSMISSION REPORT THIS DOCUMENT (REDUCED SAMPLE ABOVE) WAS SENT **COUNT ** #3 **K SEND KK NO REMOTE STATION I.D.START TIME DURATION #PAGES COMMENT j 85812187 12-10-31 10:19 1°51”3 TOTAL 0:01°51"3 XEROX TELECOPIER 7020 Sicstes wl Alwekes Westies 2 MAEKGN Govern! Alaska Energy Authority A Pubohe.Ccurmmmortatiqary TRANSMISSION COVER SHEET ALASKA ENERGY AUTHORITY POWER REVENUE BONDS,SERIES 1992 CUNALASKA GEOTHERMAL FPROITECT) FINANCING TEAM PLEASE DELIVER TO, Mark Earnest,City of Unalagka (3907)Sse:1-14:17>--Rows Stcurgulewski,City or Unmaiaaska (907)Seai-2187JackTempleton,City of Unalilaska (907)Tom Kiinkner,Wohliforth argatainger JohnsonanaBrecht (907)(276-s093ErigqgWohlforth,Wohiforth Argetsinger JonnsonandBrecht (207)7Ee---S093LewGreenbaunm,Katten Muchin &Zavia (322)382-i15e9DanielsSchnochet,OFSKT Power Corporation C702)355-S656CligtePnilripa,OCESI Power Corporation C7O2)355-5656MikeKreger,Perkins Coie,Anchorage (807)276-3108WinPeteracon,R.W.Beok &Asso0ciatas,Seattle €206)441-4966RayBenishn,R.W.Beck &Amgawociates,Seattia C206)441-4964DaveHelasby,R.W.Beck &Associates,Seattiae (206)441-4964MikeHubbard,FR.W.Beck &Associates,Anchorage C907)276-1751SubixrSanyal,PN.D.,GeothermEeEx,Ina.Cs10)S527-sa8164Brookachandler,Hicks,Boyda,cCchamdier &Falconer (s07)a74-3698JimSeagraves,Jonn Nuvean &C§o.,Baattle (206)382-1589JimKiagen,Pepartment of Law,Anchorage (2307)279-5832 Transmitted from:Alaska Energy AuthorityAncnorage,Alanka raxs (3907)S61-a5564 Number of Page CImoluding Cover Sheet)sr ->Datea:rt 12zfro ba ae | zZzf&there are any problems with this tranamisaion,please call: Terri Ganthner (907)261-7256 Xreneaea Tomory (907)261-7240 GO Fx.Bax AM Juneau.Alaska 9O811 (907)4265-3575a,PO.Box 190869 701 East Tucior Road Anchorage.Alaska 99519-0869 (907)$61-7B877 TRANSMISSION REPORT THIS DOCUMENT WAS CONFIRMED (REDUCED SAMPLE ABOVE -SEE DETAILS BELOW) *k COUNT x TOTAL PAGES SCANNED TOTAL PAGES CONFIRMED 3 3 *SEND 22« No.REMOTE STATION START TIME DURATION |#PAGES MODE RESULTS _WOHLFORTH ET AL.,AK/12-10-91 10:19 1°26"3/3 COMPLETED 9600 TOTAL 0:61°26"3 NOTE: No.:OPERATION NUMBER 48 :4800BPS SELECTED EC :ERROR CORRECT G2 :G2 COMMUNICATIONPD:POLLED BY REMOTE SF :STORE &FORWARD RI :RELAY INITIATE RS :RELAY STATION MB :SEND TO MAILBOX PG :POLLING A REMOTE MP :MULTI-POLLING RM :RECEIVE TO MEMORY ™ Alaska Enargy Authority &Pubs Ceprpaorcation TRANSMISSION COVER SHEET ALASKA ENERGY AUTHORITY POWER REVENUE BONDS,SERIES 1992 CUNALASKA GEOTHERMAL PROJECT) FINANCING TEAM PLEASE DELIVER TO: Mark Earnest,City of Unalaska Roe Sturgquiewski,City of UnalagskaJackTempleton,City of UnalackaTomKiinkner,Wonmhlforth argetsasinger Jonnson and Brecht Eric Wohifortn,Wohlforth Argetsinger JonnsonandBrecht Lew Greeankbaum,Katten Muchin &Zavis Daniel Sohochet,OCESI Power CorporationclirrPhrhiliidps,OCESI Power CorporationMikeKreger,Frerkins coie,AnchorageWinPeterson,R.W.Beck &ABsociates,SeattiaRaySenisah,R.W.Beck &Agsociatesn,Saeaattle Dave Helasby,R-W.Beck &Associates,SeattleMikeHubbard,R.W.Beck &Associates,AnchorageSubirSanyal,PN.D. ,GeothermEx,Inc. Brooks cnandier,Hicks,Boyd,Chandler &Pa loconer Jim Seagraves,John Nuveen &Co.,SeattieTimKisasen,Department of Law,Anchorage Transmitted from:Alaaka Energy Authority Anchorege,Alaska Was (207)SG1-8584 Number of Page C€iImciluding Cover Sheet):--Date:\2zfio/_] Tf there are any pPproebiems with tris transmission, Terri Ganthner (907)261-7256 Erene Tomory (907)261-7230 i FO.Box ANA Juneay.Aska 99844 (907)465-3475GR.PO.Box 190869 7O1 East Tuctor fmoacd ANCHOrTAgGE Alaska 99519-2869 S11 OF Arcee Walters ticket Govemnmar (907)S81-1417%-(907)Sai-s187- (207) (907)276-sc09> 9O7)__276-5993---"™.322 a82=i5e09 Aes553-3Ss=a65C702)3855-S656- (907)276-3108 €206)a41-4964 (206)441-4964 €206)4417-4964 €907)276-1752 (S510)527-8164 (907)274-3698 (206)3a2-1589 (207)279-5832 Please caliisz (°oO7)5614-7877 TRANSMISSTON REPORT THIS DOCUMENT WAS CONFIRMED (REDUCED SAMPLE ABOVE -SEE DETAILS BELOW) *-COUNT **x TOTAL PAGES SCANNED TOTAL PAGES CONFIRMED 3 3 eR SEND ok No.REMOTE STATION START TIME DURATION |#PAGES MODE RESULTS 1 KATTEN MUCHIN|12-10-91 10:26 1°33"3/3 COMPLETED 9600 TOTAL 0:01°33"3 NOTE: No.:OPERATION NUMBER 48 :4800BPS SELECTED EC :ERROR CORRECT G2 G2 COMMUNICATIONPDPOLLEDBYREMOTESF:STORE &FORWARD RI =:RELAY INITIATE RS RELAY STATION MB SEND TO MAILBOX PG :POLLING A REMOTE MP :MULTI-POLLING RM RECEIVE TO MEMORY Alaska Energy Authority A Public Corporation TRANSMISSION COVER SHEET ALASKA ENERGY AUTHORITY POWER REVENUE BONDS,SERIES 1992 CUNALASKA GEOTHERMAL PROJECT) FINANCING TEAM PLEASE DELIVER TO: Mark Earnest,city of UnalaskaReeSturgulewski,City of UnalaeskaJackTempleton,city of UnaiaskaTomKlinkner,Wohltforth AxrgetsingeandBreocnt x Jonnson Eric Wonlrforth,Wohlrforth aArgetasinger JonnsonandBrecht Lew Greeankraum,Katten Muchin &ZavDanielsSchnochet,CESI Power CorporClitrPnililipe,SCESI Power CorporaMikeKreger,Perking Coie,AnchorawinPeterwswon,RW.Beck &AmssociatRayBenish,R.W.Beck &Associates Dave Helsby,R.W.Beck &Agsa#aoociatesMikeHubbard,R.W.Beck &AssoociatBubirSanyel,Pn.D.,GeothexrmEx,ftBrookschandler,Hickm,Boyd,chan Falconer Jim Seagraves,John Nuveen &Ca.,Jim Klassen,Department of Law,Ans is ation tion ge en,Seattieae »Seattle Seattle esx,Anchorage mGe Giler & Raattile noraga Transmitted from:Alaska Energy AuthorityAnchorage,Alaska raxs €2907)S61-8584 Number of Frage C€Znciuding cover sghneety :Date:1z-ro Tf If there are any problems with this transmission, Terri Ganthner ( XTrene Tomory (9 907)261-7256 Oo7)261-7240 Po.Box AM Juneau.Alaska 99Bi1t (9C 7}465-3575Cc Gh PO.Box 190869 704 East Tudor Roact =Anchorage Alaska 99519-0869 State of Alaska Waiter J.Hickelt,.Governor 8e1-1417-" 5381-2187" 276-s093-" 276-s093- 382-1589-""Serssesc)355-6656.=s1r0Ee--- 441-4964441-4964a44a1-4964- 276-1751 527-8164 274-3698 B2se2- -15a9 279-Sa32RAMRAAAARRAARANRAAAAONOBONNNUNNUD©YOOooowOoCaODCOCOrPOO000NONONQOOANNNNYVONNweweeoYweePlease calls: (907)664-7877 TRANSMISSION REPORT THIS DOCUMENT (REDUCED SAMPLE ABOVE) WAS SENT *k COUNT #% #3 *kKK SEND *xK NO REMOTE STATION I.0D.START TIME DURATION RPAGES COMMENT 1 702 355 5656 12-10-91 10:39 2°22°3 TOTAL 0:02°22°3 XEROX TELECOPIER 7020 Sato ot Alaskaam,Wealtee il lek,Severna? 7 i Alaska Energy Authority A Puke Comeoranan TRANSMISSION COVER SHEET ALASKA ENERGY AUTHORITY POWER REVENUE BONDS,SERIES 1992 CUNALASKA GEOTHERMAL PROJECT) FINANCING TEAM PLEASE DOELIVER TO: Mark Earnest,City of Unalaska (907)S81-1417>-Ree Sturguliewski,City of Unalaska (907)8581-2138 7-Jack Templeton,City of Unalagka €2907)Tom Kiinkner,Wohiftorth Argetwawinger JonnsonandaBrecht C307)276 5093-Erio Womlifortn,Wohlforth argetaeinger JonngonanaBrecnt (907)276-4093-_Lew Greenbaum,Kaetten Muchin &Zavis €312)waea-ases2ea-HeelDanielschochet,OFSKI Power Corporation C702)355--S5656-- Ciirfe Phillips,CESI Powar Corporation C702)S55 S5656-- Mike Kreger,Perkins Coie,Anchorage (997)(276-3108)Win Peterson,R.W.Beck &Associates,Seattle €206)14964RayBenish,R.W.Beck &Aswociataeas,Seattie (206)441-4964DaveHelsby,.R.W.Beck &Asswociates,Seattie C206)441-4964MikeHubbara,R.W.Beck «Associates,Anchorage (907)2764-1751BubirSamyal,Pn.D.,GeothermEx,inc.«S820)S27-8164BrooksChandler,Hicks,Boyd,Chandler &Paloconer «C90o07)2z74+3698FimSeagraves,John Nuveen &Co.,Seattle (206)382-1589JimKliasen,Pepartment of Law,Anchoragsa «907)279-8Sa32 Alaska Ene Anchorage, rmx «307 Transmitted frome: Number of Page Date:rz fo be a | re there are any prohPleme with this transmisaion, Terri Ganthn ETrene Tomor {am} On. PO.Box AA dun@au.Akaska 99844 PO.Box *90869 704 East Tudor road €CIncluding Cover Shwet): rgqy Authority Alaska ?S61-85864 > Piease calls: 261-7256 261-7240 ex (907) y ¢€2907) (9O7)465.3675 Anchorage Aaska 99619-0869 (9071 561-7877 TRANSMISS ION REPORT THIS DOCUMENT WAS CONF (REDUCED SAMPLE ABOVE *«COUNT x TOTAL PAGES SCANNED TOTAL PAGES CONFIRMED ***k SEND *%* IRMED SEE DETAILS BELOW) 3 3 No.REMOTE STATION START TIME DURATION |#PAGES MODE RESULTS 1 PERKINS COIE et al {12-10-91 10:29 1°42"3/3 COMPLETED 9600 TOTAL 0:01°42”3 NOTE: No.:OPERATION NUMBER 48 4800BPS SELECTED EC ERROR CORRECT G2 G2 COMMUNICATIONPDPOLLEDBYREMOTESFSTORE&FORWARD RI RELAY INITIATE RS RELAY STATION MB SEND TO MAILBOX PG POLLING A REMOTE MP MULT I -POLLING RM RECEIVE TO MEMORY .State of Alaska>Walter J.Hickel.Governor Alaska Energy Authority A Public Corporation TRANSMISSION COVER SHEET ALASKA ENERGY AUTHORITY POWER REVENUE BONDS,SERIES 1992 CUNALASKA GEOTHERMAL PROJECT) FINANCING TEAM PLEASE DELIVER TOr Mark Earnest,City or Unalaska (©8907)881-1417" Roe Sturgquilieweki,City of Unaiaska (307)S82--2187--" Jack Tampilieton,City of Unalaseka €307). Tom Kiinkner,Wohiforth aArgetsinger Jonnsfon and Brecht (907)276-s093-Eric Wohlfortn,Wohlforth argetesinger Jonneon -and Brecht (907)276-5093 Lew Greenbaum,Katten Muchin &Zavis (322)382-1539 Paniel schochet,OCOESI Power Corporation C€7O2)355 -85656 eairr Phillips,OCESI Power Corporation €702)355-5656 Mike Kreger,Perkine Coie,Anchorage (907)276-3108 Win Peterson,R.W.Back &Aswssociates,Seattie C206)442=4964 Ray Benisnh,R.W.Beck &Aasoociates,Seattia (206)[441 4964 Dave Helaby,R-W.Beck &Aswscocciates,Senattia (2046)4414-4964MikeHubbard,R.-.W.Beck &Associates,Anchorage ¢€907)76H LsSubirSanyal,Pm.-D.,GeothermEx,Inc.€5610)S27--8164 Brooks cChandier,Hicks,Boya,chandler & Falconer €9075)274-3698 Tim Seagraves,John Nuveen &Co.,Seattie C206)3524-15989 Jim Klassen,Department of Law,Anchorage «so7>279--S832 Transmitted from:Alaska Erergy Autnority Anchorage,Alaska Faxs (3907)561-8584 -?Number of Page {Inoluding Cover sheet):-_- Pate:12/10 /ZT I Xf there are any problems with this transmission,please oali: Terri Gantnhner (907)261-7256 Irene Tomory (2307)264-7240 oa PS.Box AM Juneau,Aiciakar OOB44 (9O?)466-3575BsPO.Box 190809 7O1 Bast Tudor Read ANONorage Alaska 99619-0849 (SO7)B641-7877 TRANSMISSION REPORT THIS DOCUMENT (REDUCED SAMPLE ABOVE) WAS SENT #0 COUNT 2 #3 %4K SEND KK NO REMOTE STATION I.D.START TIME DURATION #PAGES COMMENT 1 206 441 4964 12-10-91 10:36 2°14"3 TOTAL 0°02'14"3 XEROX TELECOPIER 7020 Alaska Energy Authority &Pubbe Caompeorgran TRANSSMISSION COVER SHEET ALASKA ENERGY AUTHORTTyY POWER REVENUE BONDS,SERIES 1992 CUNALASKA GEOTHERMAL FPROJECT) FINANCING TEAM PLEASE DELIVER TO: Mark Earnest,City of UnalaskaRoesSturgquilewski,City of UnailaskaJackTemplaton,City of UnailiaskaTomKliinkner,Wohilfortn Argetsmsingar TFonnsonandaBrecht Bric Wonhlrortn, and Brecht Lew Greenbaum,Katten Muchin &Zawis Danial schochet,OCESI Power CorporationCl1lift#e®Pmillips,CESI Power CorporationMikeKreger,Perkina coie,AnchoragewinPetersfgon,KR.W.Beck &Associates,Ray Benish,R.W.Beck G64 Associates,Pave Helsby,R.W.Beck &Associates,SaattileMikeHubPpbard,FR.W.Beck &Associates,AnchorageSubirSanyal,Pn.D.,GeothermEx,Inc. Brooks cCcnandier,Hicks,Boyd,Chandler &Falconer Jim Seagraves,Jim Klassen, Wenlforth Argeteainger Jonhnaon Seattie Seattle Jonn Nuveen &£Co., DPepartment of Law, Baeaattle Anchorage Transmitted f£rom:Alaska Energy AuthorityAanchoraga,Alaska Paxs (307)361- sS5s864 Number of Page12fro CIinmncluding Cover Sneet)=: Z{j a Date: If there are any problems with this transemiaesion, Terri Ganthner (907) Irene Tomory (907) 261-7256 261-7240 tL)6.Box ANA me Juneau.Alaska 99814 (9O7)465-3575PO.Box 190669 704 Eost Tudcior Road Anchorogea Alaska 99519-0469 Brcales cof Alene teesWieallepr9bikes,Sowommor Se1--1417" S$e1-218a7--" 276-S093- 276-5093"|BBD-425O8Aer(OK355--s656-- 355-s656-(,- 276-3108e-” 441-49646-- 441-49646- 4241=496G276-1725Ss27--al6éa: 274-3698 382-1589 279-5832RARARARAARRARAAAAYNOUBVNNNONVEO©OOOQ900woadgcOCCoOMOOo000NONONOGANNNNNNoavaPlease calli: (9O7}561-7877 TRANSMISSION REPORT THIS DOCUMENT WAS CONFIRMED (REDUCED SAMPLE ABOVE - *%«COUNT *x TOTAL PAGES SCANNED TOTAL PAGES CONFIRMED ee3 3 *&*SEND ake SEE DETAILS BELOW) No.REMOTE STATION START TIME DURATION |#PAGES MODE RESULTS 1 9072761751 )12-10-91 10:44 1°59"3/3 COMPLETED 9600 TOTAL 0:01°59"3 NOTE: No.:OPERATION NUMBER 48 4800BPS SELECTED EC ERROR CORRECT G2 G2 COMMUNICATIONPDPOLLEDBYREMOTESFSTORE&FORWARD RI RELAY INITIATE RS RELAY STATION MB SEND TO MAILBOX PG POLLING A REMOTE MP MULTI -POLLING RM RECEIVE TO MEMORY Alaska Energy Authority A PebtGS Corer erian TRANSMISSTON COVER SHEET ALASKA ENERGY AUTHORITY POWER REVENUE BONDS,SERIES 1992 CUNALASKA GEOTHERMAL PROTECT) FANANCING TEAM PLEASE DELIVER TO: Mark Farnesat,City of UnalaskaReeSturgquleweki,City of UnalaskaJackTempleton,City of UnalaskaTomKiinkner,Wohlforth Argatsainger JTonnsonandBrecht Eric wonhlirforth,Wonlitforth Argeaetsinger Jonnson and Breoaht Lew Greenbaum,Katten Muchin &Zavis Daniel Scnochet,OFSI Power CorporationClaiarr®Pniliips,OFSI Power CorporationMikeKreger,Perkins coie,AnchorageWinPeterson,R.W.Beck &Associates,SeattleRayBenish,R.W.Beck &Agsociates,SeattleDaveHelsby,R.-W.BecK &Aswsociatas,SeattiaMikeHubbard,R.W.Beck &Associates,AnchorageSubirSanyal,PNm.D.,GeothermEx,Inc.Brooks cnandier,Hicks,Boyd,Chandler «&Falconer Jim Seagraves,John Nuveen &Co.,SeattleJimKlassen,Department of Law,Anchorage Transmitted from:Alaska Energy Authority Anchorage,Alaska Fawr (907)561-8584 Number of Page CXrImesluding Cover Sheet):_=>Date:12 fro (x } rf there are any problems with this transmission, Terri Ganthnexr (907)261-7256 Irene Tomory (907)261-7240 Ly PO.Box ARA duneonu,Alcsrka COA (907)465-3575GsRO.Box 190869 7O4 East Tudor Road ANCNOraga Alaska 99519-0869 Stato of Alaska Wes itaae J.blige,Cowen rod oF €207)S$u1-1417- €307)sa81---2187%- (2907) (9307)276-s093- (907)276-5093-C342)3382-1589--"-C702)385-S656""_C702)355-s6S56°"_(C3907)276-3108 C206)241-496 €206)4241-496C206)441 +4964-€907)276-1751"€520)(<527-8164>5 (907)274-3698€206)382-1589- -€907)279-se32---- Please calls: C907)S41-7a77 TRANSMISSTON REPORT THIS DOCUMENT WAS CONFIRMED (REDUCED SAMPLE ABOVE -SEE DETAILS BELOW) *&COUNT **x TOTAL PAGES SCANNED TOTAL PAGES CONFIRMED 3 3 *#e*SEND 2 No.REMOTE STATION START TIME DURATION |#PAGES MODE RESULTS 1 510 527 8164/12-10-91 10:53 2°11"3/3 EC 9600 COMPLETED TOTAL 0:02°11”"3NOTE: No.:OPERATION NUMBER 48 :4800BPS SELECTED EC :?ERROR CORRECTPD:POLLED BY REMOTE SF :STORE &FORWARD RI =RELAY INITIATE MB °SEND TO MAILBOX PG =POLLING A REMOTE MP :MULTI -POLLING G2 :G2 COMMUNICATION RS *RELAY STATION RM ©RECEIVE TO MEMORY Stote of Alaskao™,Waiter J.Hickel,Governear my Alaska Energy Authority A Public Corporation TRANSMISSION COVER SHEET ALASKA ENERGY AUTHORITY POWER REVENUE BONDS,SERIES 1992CUNALASKAGEOTHERMALPROJECT) FINANCING TEAM PLEASE DELIVER TO: Mark Earnest,City of Unalaska (907)S$81 1417-"Roe Sturgquieweski,City or Unalaaska (9075)SB81-2187-"Jack Templeton,City of Unalaska (907).Tom Kliinkner,Wohiforth Argetasinger Johnson -and Brecht (207)2z276-S093EBEriawonlfortn,Wohlfortn aArgetainger Jonnson -_-anda Brecht (907)276-sS093LewGreenbaum,Katten Muchin &Zavis €3122)38a82-1589-"-_Paniel BScnochet,OESI Power Corporation C702)355-5656"eliare Phillips,OFSI Power Corporation C7O2)355-s656"Mike Kreger,Perkins Coie,Anchorage (907)276-310 win Peterson,R.W.Beck &Agsgsociates,Seattiae (2o6)aa1-4964---Ray Beniah,R.W.Beck &Associates,Seaattia €2o06)441+496464_Dave Helebpy,R.W.Beck &Asawociates,Seattle (206)441-4964MikeHubbarad,R.W.Beck &Asaociates,Anchorage (907)276-1751."Bubir Sanyal,Pn.D.,GeothermEx,Ino.(810)527-8164BrooksCnandier,Hicks,Boyd,Chandler & Falconer (907)@7a=36s8>Fim Seagraves,Johm Nuveen &Co.,Seattia (206)B4--i18e° Fim Kiasen,Department or Law,Anchorage (907)279-S832 Transmitted from:Alaska Energy AuthorityAmchorage,Alaska Faxs (907)S61-a8584 -zNumberofPage(Including Cover Sheet):-_-”pate:_12//0 /F Jf Xf there are any probiema with this tranaemiasion,please oaaits: Terri Ganthner (8907)261-7256 Trene Tomory (907)261-7240 ca om, BS.Bow AM Jun@au,Aiaska 99814 (907)445-3575 mS.Box 190809 Foot East Vcaor ar wo PRPHAP-CB8aP (POF)6a1-78a77 TRANSMISSION REPORT THIS DOCUMENT (REDUCED SAMPLE ABOVE) WAS SENT **COUNT > #3 *eR SEND WRK NO REMOTE STATION I.D.START TIME DURATION BPAGES COMMENT 1 02503171 12-10-91 10:46 2°24”3 TOTAL 0:02'°24"3 XEROX TELECOPIER 7020 am Bicates cl Mtosko Weeoitane So Minbar,Guar nae Maske Energy Authority A Publ Corporation TRANSMISSION COVER SHEET ALASKA ENERGY AUTHORITY POWER REVENUE BONDS,SERIES 1992 CUNALASKA GEOTHERMAL PROJECT) FINANCING TEAM PLEASE DELIVER TOs Mark Earnest,GCity of Unalaska (907)S81-1417-Roe Sturquiewaki,City of Unalaska €2907)581-2187JackTempleton,city cof Unalaska (9307)Tom Kiinkner,Wohlforth aAaxrgetsinger JonnaonandBreoht (907)2746- -Sso9>-Eric Wohlfortn,Wohilforth Argetsinger JonnsonanaBrecht ©3907)276-509LewGreenbaum,Katten Muchin &Zavin cqaa2a)Daniel Schochet,OCFST Power Corporatinn C7O2)355 -S5656---Ccilirge Pnillips,OCESI Power Corporation C702)355-5656---Mike Kreger,Perkins Coie,Anchorage (907)276-3:108s-”Win Petexrson,R.W.Beck &AgsspOCiatas,Seattle (206)4412 4964-Ray Benish,R.W.Beck &Agsociates,Seattle (206)441-4964DaveHelasaby,R.W.Beck &Associates,Seattila €206)441-4964MikeHubbard,R.W.Beck &Associates,Anchorage ¢€907)276-1751SubirSanyal,PR.D.,GeothermEx,Inc.€510)3$27-8616eBrooksChandler,Hicks,Boyd,Chandler «&Pa lconer (9307)274-3692"Jim Seagraves,John Nuveen &Co.,Seattiae Ros 3a2-159839>Jim Klasen,Department of Law,Anchorage $385 279-5632 Tranemitted from: Anchorage, Fmrxs Number cof Pagev2fro/Z}Date: EF there are any problems with cnises transmission, Terri Ganthner (907)Irene Tomory (29207) POS Box AM Jun@au.Ataska 908144cr oA PO.Box 190869 7O1 East tudor Hood «9s07) CIiIncluding Cover Sheat):z Alawska Energy Authority Alaska S561-ssa4 - Please caii: 261-7256 261-7240 (907)466-3675 ANZNOKIGe.AiGska G99S19-0869 (907)S$61-7877 TRANSMISSION REPORT THIS DOCUMENT WAS CONFIRMED (REDUCED SAMPLE ABOVE **COUNT ** TOTAL PAGES SCANNED TOTAL PAGES CONFIRMED #eK SEND 2k SEE DETAILS BELOW) 3 3 No.REMOTE STATION START TIME DURATION |#PAGES MODE RESULTS 1 206 382 1589/12-10-91 10:47 1°46"3/7 SB ]EC COMPLETED 7200 TOTAL 0:01°46"3 NOTE: No.:OPERATION NUMBER 48 4800BPS SELECTED EC ERROR CORRECT G2 G2 COMMUNICATIONPDPOLLEDBYREMOTESFSTORE&FORWARD RI RELAY INITIATE RS RELAY STATION MB SEND TO MAILBOX PG POLLING A REMOTE MP MULT {I -POLL ING RM RECEIVE TO MEMORY State of Alaska Wattent Kickel,GovernoraN Alaska Energy Authority A Pubic Corparaien TRANSMISSION COVER SHEET ALASKA ENERGY AUTHORITY POWER REVENUE BONDS,SERIES 1992 PLEASE DELIVER TO: Mark Earnest,City of UnalaskacityofUnalaskaJackTempleton,City of UnalaakaTomKiinkner,Wohltoeorth argatsinger Jonnson Roe Sturgqgulewski, and Brecht Eric wohlforth,Wonlforth aArgetsinger Jonngson and Brecht Lew Greenbaum,Katten Muchin &ZavisPanitelSchochet,CESI Yrower CorporationC1iigrPnillips,CEST FPower CorporationMikeKreger,Perkins Coie,Anchorage Win Peterson,R.w.- Ray Benish,R.W. Dave Helsby ,R.W. Falconer Jim Seagraves,Jonn Nuveen &Co.,SeattieFimKiagsen,Department of Law,Anchoraga Traneamitted from: Beck &Aswociat Beck &Amsgsociata Beck &Asasociate Mike Mubbara@a,R.Ws.BSubixs Sanyal,Ph.D. ,GeothermEx,Inc.Brooks cChand@ier,Hicks,Boya,chandler «& o Beck &AsSsocoiates,Anchorage CUNALASKA GEOTHERMAL PROJECT) FINANCING TEAM 881-1417S5e1-21a7- 276-s093- 276-5093-" 2ea-izSeso fem 355-S5656-- 355-sS656-- 276 3108- 4412-4964 441-4964441-4964 276-1751327-8164 274-3699" 382-1589" 279-5832) s,Seattle Seattle Beattle RARRAARAAARARARRARUNODONNNOVIOO©OOKcooKOOCCCOOCOHROOo060NONOVGOANNNNNNONNNWeeVEENWwweeAlaska Energy Authority Anchorage,AlaskaFaxst(907)861-8584 Number of Page €Xnciuding Cover sheet)3 --_Date:12/10 ber a Xf there are any probiems with this transmission,go83afPlease cails: Terri Ganthnner (907)263-7256ZTreneTomory(907)26177240 AA SUNY,AIK GVE1I4 (90 7}465-3575190869724EastTudorROoAGANGHErageAlaska9O519-08469 (907}501-7877 TRANSMISSION REPORT THIS DOCUMENT (REDUCED SAMPLE ABOVE) WAS SENT **COUNT *% #3 *ak SEND 0k% tool NO REMOTE STATION T.D.START TIME DURATION #PAGES COMMENT 1 907 12-10-91 10:53 2°22”3 TOTAL 0:02°22°3 XEROX TELECOPIER 70 20 State of Alaska Walter J.Hickel,Governor Alaska Energy Authority A Public Corporation TRANSMISSION COVER SHEET ALASKA ENERGY AUTHORITY POWER REVENUE BONDS,SERIES 1992 (UNALASKA GEOTHERMAL PROJECT) FINANCING TEAM PLEASE DELIVER TO: Mark Earnest,City of Unalaska (907)581-1417 Roe Sturgulewski,City of Unalaska (907)581-2187- Jack Templeton,City of Unalaska (907) Tom Klinkner,Wohlforth Argetsinger Johnson and Brecht (907)276-5093 Eric Wohlforth,Wohlforth Argetsinger Johnson 7andBrecht(907)276-5093 Lew Greenbaum,Katten Muchin &Zavis (312)382-1589 Daniel Schochet,OESI Power Corporation (702)355-5656 Cliff Phillips,OESI Power Corporation (702)355-5656" Mike Kreger,Perkins Coie,Anchorage (907)276-3108 Win Peterson,R.W.Beck &Associates,Seattle (206)441-4964 Ray Benish,R.W.Beck &Associates,Seattle (206)441-4964 Dave Helsby,R.W.Beck &Associates,Seattle (206)441-4964 Mike Hubbard,R.W.Beck &Associates,Anchorage (907)276-1751 Subir Sanyal,Ph.D.,GeothermEx,Inc.(510)527-8164" Brooks Chandler,Hicks,Boyd,Chandler & Falconer (907)274-3698 Jim Seagraves,John Nuveen &Co.,Seattle (206)382-1589+ Jim Klasen,Department of Law,Anchorage (907)279-5832- Transmitted from:Alaska Energy Authority Anchorage,Alaska Fax:(907)561-8584 Number of Pages (Including Cover Sheet):_3 Date:izHo [| If there are any problems with this transmission,please call: Terri Ganthner (907)261-7256 Irene Tomory (907)261-7240 O PO.BoxAM Juneau,Alaska 99811 (907)465-3575 DA PO.Box 190869 701 East Tudor Road_Anchorage,Alaska 99519-0869 =(907)561-7877 Contact: Phone: FAX: ALASKA ENERGY AUTHORITY UNALASKA GEOTHERMAL PROJECT Financing Team MeetingDecember12and13,1991 Alaska Energy Authority Conference Room701EastTudorRoad Anchorage,Alaska Brent Petrie 907)561-7877 907)561-8584 AGENDA Thursday,December 12th -AEA Conference Room 8:30 a.m. 11:00 a.m. Staff 12:30 p.m. 1:30 p.m. 2:30 p.m. 4:30 p.m. 91Q4\TJ2090(1) Review Project Development°Plant Description°Infrastructure °Geothermal Field Development°Construction Schedule °Plant Operation Discussion of Geothermal Resource Consultant's Report (by teleconference) Lunch in Conference Room Continue Discussion of Development Plan(as needed) Discussion of R.W.Beck Studies °Construction Costs °Unalaska Load Forecast °Dispatch Model°Data Needs/Report Schedule°Conclusions Summary and Questions Schochet Sanyal/Geothermex Schochet/OESI Benish/Helsby/Hubbard Petrie ALASKA ENERGY AUTHORITY UNALASKA GEOTHERMAL PROJECT Financing Team MeetingDecember12and13,1991 Alaska Energy Authority Conference Room701EastTudorRoad Anchorage,Alaska AGENDA Friday,December 13th -AEA Conference Room Discussion of Geothermal Consultant's Report Sanyal 8:00 a.m.Discussion of Project Economics Phillips/Benish°Capital Cost Estimate Helsby/Hubbard°Annual Operating Costs°Fluid Fees °City's Operating Costs°Pro Forma Operating Results 10:30a.m.Review of Documents Vassar/Chandler/ Klasen °Power Sales Agreement°City/Company Agreement°Construction Contract °Operating Agreement°Fluid Sales Agreement°Preliminary Official Statement°Related Documents 12:00 p.m.Lunch in Conference Room 1:00 p.m.Discussion of Schedule Petrie We plan to adjourn in time to allow travellers to catch 3:00 p.m.Southbound flights. 91QA\TI2090(2) Alaska Energy Authority A Pubiic Corporation TRANSMISSION COVER SHEET ALASKA ENERGY AUTHORITY POWER REVENUE BONDS,SERIES 1992 CUNALASKA GEOTHERMAL PROJECT) FINANCING TEAM PLEASE DELIVER TO: Sitr.or UnalaskacityofUnalaskaWohlfortnArgetainger Jonnaon Mark Earnest, --->ReesTomKiliinkner, and Breoht Erio Wonhiforthn, and Brecht Lew Greenbaum,Katten Muchin &Zavis-_--->Daniel Schochet,OESI Power CorporationeidggrrPniitlips,oOfSr Power CorporationmikeKreger,Perkins Coie,AnchorageWinPeteraon,R.W.Beck&Associates,Seattia_Ra ia R.W.Beck &Associates,Seattle Dave Helsgsby,K.wWw.Beck &Associata SeattleMikeHubbard,R.W.Beck «&Associates,AnchorageSubixySanyal,Pn.D.,GeothermEx,Ineo.Brooks chandler,Hicks,Boyd,Chandler &. Falconer>Fim JTonn Nuveen &Seearaver.SJimKlassen,Department of Law, Wohltfeorth Argeteinger Jonnason o.,Seattie Anchorage Alaska Energy Autnority Anchorage,AlaskaPax:(9a7)5 S61-Se5aa4 Tranamittedt from: Number of Pages (Inoluding Cover Sheet):---\2a/20/r/ If there are any problems with this transmisaion, Terri Gantnhner (907)261-7256 Irene Tomory (907)261-7240 Date: ye PES ventaeeen ees -_- Juneau,Alaska 99814 704%East Tudor Rea (907)465-3575CPOS.Box AM ANGHErage Alaska O96519-90869=PX.Box 190869 State of Aiaaka Waiter i.hicke!.Governor AARAARRARAARRARNANONOWDONNNONIUO8OO000FOOOCOCOOFOOo06NONONAGANNNNNVYVNVeSEYopieasm Sei-1417 581-2187 276 S5093 276-5093 902-1061 355-5656 276-1751 527-8164 274 -3698 382-1589 279-5332 @ cali: -7877(P07)541 - TRANSMISSION REPORT THIS DOCUMENT WAS SENT **COUNT ** #2 **kK SEND %*k% (REDUCED SAMPLE ABOVE) NO REMOTE STATION I.D,START TIME DURATION #PAGES COMMENT 1 206 441 4964 12-20-91 9:27 1°56"2 TOTAL 0:01'56"2 XEROX TELECOPIER 7020 Stote of Aigaska Walter.ficke!,Gove rar Alaska Energy Authority A Pubile Carporation TRANSMISSION COVER SHEET ALASKA ENERGY AUTHORITY POWER REVENUE BONDS,SERIES 1992 CUNALASKA GEOTHERMAL PROJECT) FINANCING TEAM PLEASE PELIVER TO: Mark Earnest,City of Unalaska €90O7)$81 -1417 ,GAty of Unalaska (307)S81 -2187 Tem Klinkner,Wohitortn Aaxrgetsinger JonnsgonanaBrecht (9307)276-5093EricaWonhlrfortn,Wonmhlforth Argetsinger JonnaonandBrecht (29307),276-5093LewGreenbaum,Katten Muchin £&Zgavisa C312)2o2--1061-_-_-_-_->_Dani on OESI Power Corporation C7F7O2)355-S656elitePnLapse,OEFESI Powexr Corporation (7ea2)355-5656MikeKreger,Perkins Coie,Anonorage €907))276-3108WinPeterson,R.W.Beck&Associates,Seattie €2o06)441-4964-_--->_Ray Benish,R.W.Beck &Associates,Seattle (206)442-4964aveHelsbpy,R.W.Beck &Agswociates,Seattia €206})441-4964MikeHubbard,R.W.Beck &Apswsociataeasa,Anchorage (907),276-1751SubirSanyal,PnN.D. .,GeotnermEx,Ino.(S10)527-8164BrooksChandler,Hicks,Boya,chandler &.Falconer L C307)274-3698-->Jim seagraves,John Nuveen &Co.,Seattle €206))382-1589JimKiasen,Department of Law,Anchorage €907),279-5832 Tranemitted from:Alaska Energy AuthorityAnchorage,Alaska .Fax:(207)S61--85e4 Number of Pages (Including Cover Sheet):--Date:12/2.0/7/: If there are any probiema with this tranemisaion,pleage caii: Terri Ganthner (907)261-7256jXreneTomory(907)261-7240 vena?weuwse he |co PO.Box AM Jumeau,Alaska 99814 (907)468-3675>)PO.Box 1908469 701 East Tucdior Road ARGShorage,Alaska 99519-0869 (9O7)504-7877 i TRANSMISSION REPORT THIS DOCUMENT (REDUCED SAMPLE ABOVE) WAS SENT **K COUNT *% #2 *K SEND oak NO REMOTE STATION Tf.D.START TIME DURATION #PAGES COMMENT 1 702 355 5656 12-20-91 9:19 1°46"2 TOTAL 0:01°46"2 XEROX TELECOPIER 7020 PLEASE DELIVER Tor -> ---_>>Daniel Stare of Aiaaska ter ld Hloke!.Governor Alaska Energy Authority &Pubptic Ceorparation TRANSMISSION COVER SHEET ALASKA ENERGY AUTHORITY POWER REVENUE BONDS,SERIES 1992 CUNALASKA GEOTHERMAL PROJECT) FINANCING TEAM Mark Earnest,City of Unaiaska (307)$ei-1417 st CGAty of Unailaska :¢€907)})Sa@1i-2187TomKiinkner,Wohiforth Argetainger JonnsonanaBreocht €907)276-5093BricWohlforthn,Weonltforth Argeteainger JohnsonandBrecht (907)276 5093LewGreenbaum,Katten Muchin &Zavis (€3212))9O2--1061Schochet,CEST Power Corporation C702)355-5656c¢£r Ph Pe,OSEST Power Corporation €7O2)355-5656MikeKreger,Perkins Coie,Anchorage (907)2z76é--3108a8WinPeter@on,R.W.Beck &Associates,Seattle €206}441-4964--__Ray Penisn,R.W.Beck &Associates,Seattle C206)441-4964aveHelaby,R.W.Beck &Associates,Seattle €206)441-4964MikeHubbare,R.W.Beck &Associates,Anchorage (907)276-1781BubirSanyal,PN.D. ,GeotnermEx,Ino.€S510)S27--8164BrookscChandier,Hicks,Boyd,Chandler &Fraliconer (207),274---3698JomnnNuveen&CO.,Seattisae €206)32SB2--1589mKliagen,Department of Law,Ancnorage €907))279-S832->Fim anig Transmitted from: Number of Pagas Date: xf there are any problems with this transmission, i a/2o/fe/ Alaska Energy AuthorityAnchorage,AlaskaFavct(9073 361-ss584 CInciluding Cover Sheet):a eee wre i>re w-t+--<rehN,eed -_- im PO.Box AM JuA@au,.Alaska 9814PO.Box 190869 THIS DOCUMENT zee callsTerriGantnhner(907) Irene Tomory (907) 263-7256 2612-7240 (9O7)465-3575701EasttucierRoadANncnorage Aiaaka 99519-0869 (9O7)561-7877 TRANSMISSION REPORT WAS SENT (REDUCED SAMPLE ABOVE) **K COUNT *%& # #4 SEND kx 2 NO REMOTE STATION I.D.START TIME DURATION #PAGES COMMENT 1 85812187 12-20-91 9:16 1°39"2 TOTAL 0:01'39”"2 XEROX TELECOPIER 7020 PLEASE DELIVER TO: Mark Earnest, POWER REVENUE BONDS, city of Unalagska State of AIGEKS Alaska Energy Authority A Public Corporation TRANSMISSION COVER SHEET ALASKA ENERGY AUTHORITY SERIES 1992 (CUNALASEKA GEOTHERMAL PROJECT) FINANCING TEAM Welter.sickel.Governar (307)§8s1--1417 _-__>e 5s city ofr UnaiaskKa €2907)|$812--2187 Tom Kiankner,Wohlforth Argetsinger Johnson and Brecht ¢€9907)}276-8093EricWohiftortn,Wonhlfortn aArgetasinger Jonngwgon and Brecnt (907)!276-8093 Lew Greenbaum,Katten Muchin &Zavis €3az)>)v,o2-1i061-_--->_Danial Schechet,CESI Power Corporation €702)|335-S656 Cc f Pn aipsa,OEFESBI Power Corporation C€7FO2)|355-8656 Mike Kreger,Perkins Coia,Anchorage (€207)|276-3108 win Peterson,R.W.Beok &Amsswociates,Seattie €20906))441-4964 ---_Ra R.W.Beck &Associates Seattle (206)441-4964 Dave Haealsby,R.W.Beck &Associates,Seattle (206)!441 4964MikeHubbard,R.W.Beck &Asgsaociates,Anchorage (907);276-1781SubirSanyalPn.D.,GeothermEx,Inc.(S810)!5327-8164BrooksChandier,Hicks,Boyd,chandler «&: Falconer (90O7)|274-3698-->Jim Seagraves,John Nuveen &Co.,Seattia (€206)|382-1589 Jim Kiasen,Department of Law,Anchorage (907)279 -SE832 Transmitted from:Alaska Energy AutnorityAnchorage,Alaska .Faxes (2307)%S61-8584 Number of Pages (Inoluding Cover Sheet):Date:t 2f/2.0/7/ If there are any problems with thie transmisaion, =- Please ocail: Terri Ganthner ¢2so07) Irena Tomory «2o07) 261-7256 261-7240RevePESveutiaeSe cc FO.Box AM Juneau.Aiaska 99814 (907)465-3575 SB PO.Box 190869 701 East Tuctor Road Anchorage Alaska 99519-0869 (907)SO1-7877 TRANSMISSION REPORT THIS DOCUMENT (REDUCED SAMPLE ABOVE) WAS SENT #k COUNT *% ¢2 *ACK SEND &K« NO REMOTE STATION I.D.START TIME DURATION #PAGES COMMENT 1 206 382 1589 12-20-91 9:32 1°55"2 TOTAL 0:01'°55"2 XEROX TELECOPIER 7020 State of A:aska WalterJ Bickel,Governor Alaska Energy Authority A Public Corporation TRANSMISSION COVER SHEET ALASKA ENERGY AUTHORITY POWER REVENUE BONDS,SERIES 1992 (UNALASKA GEOTHERMAL PROJECT) FINANCING TEAM PLEASE DELIVER TO: Mark Earnest,City of Unalaska (907)581-1417-->RoeSturgulewski,City of Unalaska (907)581-2187 Tom Klinkner,Wohlforth Argetsinger Johnson and Brecht (907)276-5093 Eric Wohlforth,Wohlforth Argetsinger Johnson and Brecht (907)276-5093 Lew Greenbaum,Katten Muchin &Zavis (312)902-1061-->Daniel Schochet,OESI Power Corporation (702)355-5656 Cliff Phillips,OESI Power Corporation (702)355-5656 Mike Kreger,Perkins Coie,Anchorage (907)276-3108WinPeterson,R.W.Beck&Associates,Seattle (206)441-4964 --->_Ray_Benish,R.W.Beck &Associates,Seattle (206)441-4964 Dave Helsby,R.W.Beck &Associates,Seattle (206)441-4964 Mike Hubbard,R.W.Beck &Associates,Anchorage (907)276-1751 Subir Sanyal,Ph.D.,GeothermEx,Inc.(510)527-8164 Brooks Chandler,Hicks,Boyd,Chandler & Falconer (907)274-3698 JimSeagraves,John Nuveen &Co.,Seattle (206)382-1589 Jim Klasen,Department of Law,Anchorage (907)279-5832 Transmitted from:Alaska Energy Authority Anchorage,Alaska Fax:(907)561-8584 aHNumberofPages(Including Cover Sheet):Date:|\2/20/4/ If there are any problems with this transmission,please call: Terri Ganthner (907)261-7256 Irene Tomory (907)261-7240EvowiVeuw| --Fehre C)PO.Box AM Juneau,Alaska 99814 (907)465-3575 34 « PO.Box 190869 701 East Tudor Road -Anchorage,Alaska 99519-0869 (907)561-7877 - Are hevane [Times In/eo Fe Sea-Land sees Dutch Harbor as next seafood market hub By WIRE NEMETH TIMES BUSINESS WRITER Sea-Land Service Inc.,in a tribute to Dutch Harbor's growing presence in the U.S.fishing in- dustry,plans to begin weekly stops next month attheAleutianIslandsportwithafleetofinterna-tional cargo vessels,company officials said Thursday. The company's mammoth 1,000-foot container ships,which are already plying trade routes be-tween Long Beach,Calif.,and Hong Kong,will pick up seafood products being shipped to Japan from Dutch Harbor's fish processors.The port is located a few miles from the halfway point of a well-traveled arc along the shortest sea route be- tween the West Coast of the United States and bustling Pacific ports in Asia. "We're planning this as a hub for the interna- tional seafood market,”said Dan Ramsay,a Sea- Land spokesman in Seattle.He said seafood fromKodiak,Cordova and other Alaska fishing centers bound for Asia will soon be passing through Dutch Harbor. Sea-Land's fleet of 700-foot D-7 vessels,used to shuttle goods between Tacoma,Wash.,and Anchorage,also travel weekly to Dutch Harbor. The first 1,000-foot ship is expected to dock Jan. 28. The Iselin,N.J.-based Sea-Land,a subsidiary of CSX Corp.of Richmond,Va.,operates about 70 vessels. Dutch Harbor's new 730-foot city dock is scheduled to be completed in late January. Harbor master R.W.Poeschel said other shipping companies also have inquired about using the dock. A major Alaska fishing community,Dutch Harbor has about 30 fish processors and is rated as the nation's No.1 fishing port in the country in fish caught and the No.2 port in dollar value of catch. City leaders have pursued making the port an international cargo center where vessels from various countries could drop off containers to be picked up by other ships. Poeschel said Sea-Land's expanded service will be a step toward increasing his Dutch Harbor prominence in Pacific shipping business. Ramsay said the Sea-Land ships will first stop in Yokohama,Japan and then make subsequent calls at ports in other Japanese communities, South Korea,Taiwan and Hong Kong.The fleet's six ships can each carry 1,340 40-foot containers, nearly twice the capacity of the Anchorage-to- Tacoma ships. . ber dor Lop.LdZi so mickss Boyd &Chand lero B2503171 P.@1 Hicks,Boro,CHANDLER &FALCONER-::'” ATTORNEVS AT LAW SLUITE 200 425 WEST €CIGHTH AVENUE ;ols 24 6ANCHORAGE,ALASKA 99501 TELEPHONE:(907)272-840} TELECOPIER:(G07)274-2600 FAX COVER SIIEET pate:/2-/3-9 / TIME;J 32, Pax No.__<b (-¥SOY Please deliver to:Pruimt Petrie Firm/Company:-th ore Froms Brooks t)Chankn, Total number of pages,including this cover sheet:7@- If there are any problems,call (907)272-8401 and ask for:ste that . WH WKH AMEE HEE KKEEKEKEKEEKRRERKEKEKRARHEKKKEKREKEKEKEKKEEKEKKEE ORIGINALS WILL BE FORWARDED VIA: Regular Mail Express Mail Courier Service Hand Delivery Other MESSAGE: bev ior iss.1ziss Hicks»Boyd &Chand lermkk 02503171 P.da2 Hicks,BoYD,CHANDLER &FALCONER ATTORNEYS AT LAW SurI7ve 200 AF5 WEST EIGHTH AVENUE ANCHORAGE,ALASKA @650! TELEPHONE:(907)272-840) TELecomer:(907)274-3698 December 13,1991 BY FAX:561-8584 Mr.Brent Petrie Alaska Energy Authority P.O.Box 190869 Anchorage,AK 99519-0869 Dear Brent: The City requests copies of the projections of the effect of the cap that I understand Beck has performed.I don't mean to be overly formal,but I simply didn't get achancetomentionthistoyoudirectlyyesterday.Please fax these projections to my office.Thanks a lot. Very truly yours, HICKS,BOYD,CHANDLER &FALCONER Brooks W.Chandler BWC/eamc ec:Mark Earnest Roe Sturgulewski Jack Templeton _oo TO 0 TOTA P.AD> EO-9-91 HON 14:06 RW BECK/SEATTLE CONSULT FAX NO,208 441 4964 P.06 Re 7)Bou SERWBECK AND ASSOCIATES | 2101 Fourth dwanue,Suiee 600 a Sccsethe,Wathingiow98 121.2375 @ USA Teleplisme (206)441-7500 a Fax (206)441-4964 Consulting,(206)441-4962 Engineering Telex 4990402 BECKSEA WS-1559-AA1-AA MEMORANDUM December 5,1991 To:File From:Dave Helsby Subject:Unalaska Geothermal Project Annual Payment Obligation Cap The purpose of this memorandum is to describe an example showing how theannualpaymentobligationcapworks.The annual payment obligation cap is describedprincipallyinSections5(b)(2)and 3(aX3)of the draft agreement between AEA and the City. The attached spreadsheet analysis shows an example of how the cap would work.The example is based upon the following assumptions: 1.The annual project costs,exclusive of any payments to restore the Reserve Fund Balance is $11,250,000. 2.The cost of power,assuming annual energy of 75,000,000 kWh is15¢per kWh. 3.The cap on the cost of power ts 20¢per kWh. 4.The beginning Reserve Balance is $11,000,000. Referring to the attached spreadsheet,Year 1 shows annual project costs of$11,250,000,with estimated annual energy of 75,000,000 kWh,the cost of power is 15¢per kWh.Since the cap on the cost of power is 20¢per kWh,there is no reduction inannualpayments,and therefore no amount drawn from the Reserve Fund.In Year 2 the annual project costs are again $11,250,000,but the estimated annual energy is 45,000,000kWh,representing a loss of load of 30,000,000 kWh.The cost of power in Year 2 istherefore25¢per kWh.The cap on the cost of power is 20¢per kWh,and the ratio ofthecostofpowertothecappedcostofpoweris1.25.Dividing the annual project costsbytheratio,yields adjusted annual payments of $9,000,000,which results in an adjustedcostofpowerof20¢per kWh.The drawdown on the Reserve Fund is $2,250,000, leaving a Reserve Fund balance of $8,750,000.Year 3 is similar to Year 2 except that thedeficiencyintheReserveFundisaddedtotheannualprojectcosts,thus annual projectcostsare$13,500,000,resulting in a cost of power of 30¢per kWh.Because of the caponthecostofpower,an additional $2,250,000 is drawn from the Reserve Fund. Byston,MA a Columbus,NE gs Denver,CO o Indianapolis,IN &Minneapolis,MN Nashville,TN @ Orlando,[1.&Phoenix,AZ@S 10,CA @ Seattle,WA oe ae Ss A Roeveled Paper Product WAV voOL HUN ite Nw ULUAS WENO Ibe VUIWUL!rna NW CUO $41 4904 r.uf Memorandum to: File -2-°December 5,1991 Year 4 shows estimated annual energy recovering to 60,000,000 kWh.Annual project costs are $15,750,000,reflecting the addition of the deficiency in the Reserve Fund.The cap on the cost of power again kicks in,however,and the adjusted paymentsare$12,000,000.Since the annual project costs,excluding replenishment of the Reserve Fund,is $11,250,000,$750,000 is available for replenishment of the Reserve Fund.In Years 5 and 6,esimated annual energy returns to 75,000,000 kWh,and the Reserve Fund is entirely replenished in Year 5.In Year 6,the cost of power again drops to 15¢perkWh. The cap on the cost of power precludes the cost of power from exceeding 20¢perkWh,and instead draws down the Reserve Fund.If the cap on the cost of power hadnotbeenpresentinthisexample,the cost of power would have increased from 15¢perkWhinYear1to25¢per kWh in Years 2 and 3,then declined to 18.8¢per kWh inYear4,and back to 15¢per kWh in Years 5 and 6.Thus,the result of the cap is tolevelizethecostofpowerduringperiodswhenannualenergysaleshavedeclinedsubstantially.This levelizing effect is shown on the attached graph which compares thecostofpowerforYears1through6inthisexample,with the cap and without the cap. Dave eeeDTH:sq Attachments Annual Project Costs Estimated Annual Energy Cost of Power Cap Cost of Power Ratio Adjusted Payments Adjusted Cost of Power Amount From (To)Reserve Reserve Balance Assuming No Cap: Annual Project Costs Estimated Annual Energy Cost of Power YEAR1$11,250,000" 75,000,000 $0.150 $0.200 0.75 $11,250,000 $0.150 $0 $11,000,000 $11,250,000 75,000,000 $0.150 POWER COST CAP EXAMPLE YEAR 2 YEAR 3 $11,250,000 $13,500,000 45,000,000 45,000,000 $0.250 $0.300 $0.200 $0.200 1.25 1.5 $9,000,000 $9,000,000 $0.200 $0.200 $2,250,000 $2,250,000 $8,750,000 $6,500,000 $11,250,000 $11,250,000 45,000,000 45,000,000$0.250 $0.250 UNALASKA GEOTHERMAL PROJECT YEAR 4 $15,750,000 60,000,000 $0.263 $0.200 1.3125 $12,000,000 $0.200 ($750,000) $7,250,000 $11,250,000 60,000,000 $0.188 YEAR § $15,000,000 75,000,000 $0.200 $0.200 1 $15,000,000 $0.200 ($3,750,000) $11,000,000 $11,250,000 75,000,000 $0.150 YEAR 6 $11,250,000 75,000,000 $0.150 $0.200 0.75 $11,250,000 $0.150 $0 $11,000,000 $11,250,000 75,000,000 $0.150 a'LO:FENOW16-€-030S/¥930MY+ *-LUPSNCDFTLLYvO6)Lpy9C¢'ONKY80'd COSTOFPOWER$/KWH0.3 0.29 0.28 0.27 0.26 0.25 0.24° 0.25 0.22 0.21 0.2 0.19 0.18 0.17 0.16 0.15 0.14 0.13 0.12 0.11 0.1 COST OF POWER WITH AND WITHOUT CAP cpYEAR 1 QO T YEAR 2 WITH CAP YEAR 3 + T YEAR 4 WITHOUT CAP YEAR 5 YAR 6 B0:b1NOW16-6-0395/¥039MYTESNOOFTLLVEJp96?1h?9Ce'ONXA60'd UNALASKA PROJECT SUMMARY Project Structure The basic Project Structure is shown in Figure I-1. 1.The facilities,consisting of the Power Plant,Road,Transmission Line,Pipelines and Dock,will be owned by the Alaska Energy Authority ("AEA").The Geothermal Wellfield will be owned by OESI. The Facility construction will be financed by tax exempt bonds issued by the AEA.An OESI subsidiary will construct the Facility for the AEA under a Date Certain/Fixed Price Construction Agreement. OESI will develop the Wellfield on an equity basis,and subsequently sell Geothermal Fluid for the operation of the Facilities to the AEA for a "Fluid Fee". The Fluid Fee calculated in cents/kWh on the basis of actual energy sold from the plant, as paid to OESI,will include both a component representing the equity return,as well as a component dedicated to pay third party expenses. An OESI affiliate will operate the Project,consisting of the Facilities and the Wellfield, under a Cost Plus Fixed Fee Agreement with the Alaska Energy Authority. During construction the City of Unalaska's electrical distribution system will be upgraded utilizing funds allocated for this purpose from the bond financing. The Alaska Energy Authority will sell the Energy produced from the Project to the City of Unalaska under a long term "Take-or-Pay type contract.The City in turn will contract to sell the bulk of the purchased Energy to the Dutch Harbor industrial users under compatible long term "Take-or-Pay”contracts. Project Description Based on the study performed most recently by R.W.Beck it appears that the energy which can be utilized from the Plant will be approximately 75,000,000 kWh/yr,beginning in 1994. Accordingly,the Power Plant has been sized in both a five dual OEC modules and a four dual OEC modules,as summarized below. 72608P Page 1 December 11,1991 \ ' i I i i | \ ' Facility O&M Payment pe nenennn mannan ' Wellfield 'O&M H Payment i ! \ ' \ | i ' \ ' | 1 ' ' | i) | i | i 1 ' 1 | i \ i ' L AEH SARSORHSESSHBHR Bema e monnenapaiife OO AO HS ORSBAHRARMSORBEEABBOHAeOe SSDebt Service Bocnvaance masensannscsanae Capital Reserve Fund Other Expenses ABA GRancaese aanenaaceneant 'FACILITIES OWNER CG anwemannannennnane 4 . Renewal and Re- placement Pund PROJECT FISCAL AGENCY Expense Reimbursement and Reserve Accounts Electricity Supply A OESI Facilities FACILITIES SUBSIDIARY Operations &PLANT Maintenance _T-LINE O&M PIPELINES CONTRACTOR ROADS &DOCK Service a i Fluid Sales}Pro-|Injection duc- tion ; Wellfield GEOTHERMAL Operations WELLFIELD pees . and Maintenance Services \ | \ { OESI SUBSIDIARY Lo nm nem aaa ean manana an eeaeaaaae - Fluid Fee *WELLFIELD OWNER FIGURE I-1 UNALASKA GEOTHERMAL PROJECTPROJECTOPERATIONALSTRUCTURE Purchase by City Electricity Sale & Use Royalties Taxes =Insurance Wellfield Reserve Accounts CITY OF UNALASKA ELECTRICAL UTILITY RESIDENTIAL, COMMERCIAL & INDUSTRIAL ELECTRICITY USERS Elect.Reve Net of Dist Adm.Cost Payments . Electncity 72608P Power Plant Performance The Power Plant will be a flash/binary modular system,based on the use of the"proprietary Ormat Energy Converter technology,with the following output specifications: CAPACITY CAPACITY 4 MODULES 5 MODULES Gross power output (Nameplate capacity)14,000 kW 17,500 kW Net power at plant bus: Maximum at lowest temperature 11,275 kW 13,900 kW Average 10,850 kW 12,900 kw Minimum at highest temperature 9,475 kW 11,300 kw Transmission line loss 450 kW 450 kw Net Power (capacity at city bus) Max at lowest (winter)temperature 11,275 kW 13,450 kW Average 10,400 kW 12,400 kW Minimum at highest (summer)temp.9,025 kW 10,850 kW Annual Energy Capability at 90%Capacity Factor at 85%Capacity Factor 82,000 MWh 98,200 MWh 77,400 MWh 392,700 MWh The monthly power plant net output capacity for both the five module and four module cases are shown graphically in Figures I-2 and I-3 attached. Power Plant Description a.The power plant will be constructed on the South Fox Canyon Plateau in the vicinity of the ST-1 Discovery Well.The plant will utilize approximately 1,350,000 Ibs per hour of geothermal fluid at 380°F to be separated into | 150,000 Ibs/hr of steam and 1,200,000 lbs/hr of fluid,all at 290°F for the five module case.For the four module case the plant output will be optimized with approximately 1,200,000 per hour in total flow,to produce the power indicated in Figure I-3.The geothermal fluid and condensed steam is to be totally reinjected at a temperature of 180°F after being utilized by the plant. The power plant will be manned continuously by at least two (2)operators.A total staff,including maintenance,supervisory and administrative personnel of up to 13 is anticipated.All operations and routine plant,facility and wellfield maintenance will be performed by this staff who will be housed in a central Page 2 December 11,1991 FIGURE I-2 | Power(kw)UNALASKA GEOTHERMAL PROJECT 14000 -Net Capacity at City Bus on a Monthly Basis 13500 -3 2 3 8 9 Legend ro)a est FIVE UNITS4300:%=8 ai A N Bee T 12500 +8 42000 Average 12000 11500 - 11000 - 10500 - 10000 - 9500 T 1 T 1 1 T T T pape T xf t Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 12/10/91Deg.F 30 28 34 38 42 46 52 49 41 33 30 30 Power (kw) 11600- 11400- 112004 11000- 10800- 10600- FIGURE I-3 UNALASKA GEOTHERMAL PROJECT Net Capacity at City Bus on a Monthly Basis ie8 om 5011150112751111085010400Legend FOUR UNITS Average 1040010400 10200- 10000- 9800- 9600- 9400- 9200- 9000+ 8800 = ° qv TT sie Deg.F Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec302834384246624941333030 12/10/81 A. 72608P Station building and will have at its disposal plant,road and transmission line spares,maintenance vehicles and equipment as well as snow removal equipment. 3.Well Field Description The plant fluid requirements will necessitate drilling up to two (2)or three (3)production wells including one spare with the actual number based on the well productivity.The production wells will be drilled on the same plateau as the plant,with the first well in proximity to the ST-1 Discovery Well.The injection wells,which will be one (1)active and one (1)spare will be targeted for the base of the valley so that the gravity feed may be used in lieu of booster pumps. 4.Construction Plan The overall Construction Plan,as depicted in the schedules is as follows: a.Preliminary Engineering,Design,Planning and Permitting are in process and will continue through the close of finance. Following the close of financing,anticipated in April of 1992,detailed engineering,contract execution,and mobilization of sub-contractors will begin. The initial site activity will be the construction of the road and dock,from Nateekin Bay through the Makushin Valley up to the South Fox Canyon Plateau. Drilling will commence in mid 1992 with at least one production well to be completed and tested by late 1992. Full scale on-site construction activity should begin in spring 1992 with the facilities and field substantially complete in the fall of 1993 and commercial operation by the end of 1993. Project Economics 1.Capital Cost a.Facilities Because of the uncertainties int he on-site activities,especially the road construction,the direct cost estimates vary by as much as a total of $3,200,000, for the 4 dual OEC configuration plant as described earlier. OESI has accepted this variable cost risk and is proposing to construct the facilities for a date certain/fixed price of $53,200,000. Page 3 December 11,1991 b.Field Development The current drilling and field development budget,which represents OESI'sequityinvestmentis$9,500,000. 2.Revenue Projections a.The project economic model was conceptualized based on conservative current energy requirements within the constraints of project costs.The resulting rate structure is to be such that the price to the industrial user in 1991 dollars (with 4.5%assumed annual escalation)and with the City's administrative fee added was not to exceed 12.5 cents/kWh. b.A revenue projection meeting all these requirements has been accomplished by utilizing a future fluid (fuel)prepayment by the ASA. c.The proposed revenue model assumes the following: Facilities Construction Price $53,200,000 Fluid Fee (fuel)Prepayment 7,200,000 Capitalized Operating and Contingency Reserve 3,000,000 Capitalized Contingency and Renewal Fund Reserve 3,000,000 Capitalized "Soft Cost"including interest during construction and transaction costs 8.600.000 TOTAL BOND ISSUE $75,000,000 (Not including the loan to the AEA for the Debt Service Reserve.) The fluid fee pre-payment proposed results in a 2.66 cents/kWh reduction in energy rate during the first five years and a 1.33 cents/kWh reduction during years 6 thought 10. The result is a net every for sale rate,including the administrative fee,in 1995 of approximately 14.7 cents/kWh (12.25 in 1991 dollars).The 1991 "equivalent rate”is actually then reduced in later years.(See Figures I-4,I-5 and I-6.) 72608P Page 4 December 11,1991 UIVALADONA ChRULHAKRMAL COST OF POWER TO THE CITY OF UNALASKA $CENTS°PERKWH&|E|0 Mwy es Lot ft tT tt dd"Yi Ye Us $4 85 06 87 08 $9 2000 OL OZ 03 04 0S 08 OT 08 OP 10 11 12 19 14 16 18 17 18 19 20 21 22 23 -R-Cost OF PWR W/OUT FF CREDIT - S-COST OF PWR W/FF CREDIT -f>-COST OF PWR IN 1991 $ FIGURE |-4 NNrhayKi savqjod T66E Mt 4am0d fo 4809 @008008urmattnergeysSysBWVUSBuuv09Cebe.ue1634 Ma CUE 84)IU Ub)Maen COMPUUr 85:15AM,AFTER TAX CAGH FLOMS -RETURN ANALYSIS ARTER THX CASH FLOWS -RETUHR ANALYSIS UNALASKA GEQTHERMAL PROJECT UNALAGKA GEOTHERMAL PROUECTFENTHERORRESNUIRTEGEOTHERALRESTRIRCE 1 2 3 4 5 6 7 6 3 10 i 12 13 14 15 ib 17 18 19 20 YEAR 9:0 192 1H8F 9948 HH 19%)1997)1998 1999)r,a.Ci es ee;er |Pe.||es )aes | Fluid Fee 3,600 3,600 3,608 3,608 3,608 4.275 4,275 4,25 4,275 4,275 4,275 6,278 6,278 6,278 6,278 6,c78 6,278 6,278 6,278 6,278 Fluid Fee (cents /inh)$0.068 30.048 00.048 96.048 $0.040 96.657 96.057 $0.057 16.657 10.057 $0.057 $0.064 $0.004 $9.005 $0,004 $0.004 $0.084 $0064 88.066 10.064 Credit te Fleid Fee (2,000)(2,006)(2,000)(2,008)(2,000)(1,000)(1,000)(1,680)(1,008)(1,088)6 |6 8 8 0 e 6 é Fluid Fee Credit (cents/hwh)$0.27 $6.0257 $0.6267 88.0267 $8.0°67 $4.0133 $0.8133 $8.0133 $8.0133 $6.8133 $8.0008 $6.0088 $6.0008 10.0008 $6.0088 16.0008 $6.0008 66.6088 $0.0008 $0.cose Net Fluid Fee 1,601 1,601 1,60t 1,601 1,681 3,275 3,275 3,275 3,275 «(3,2e%«64,275 «(6,278 36,278 6,278 6,278 6,278 6,278 6,278 6,278 6,278 Net Flaid Fee (cents/loh)$8.0213 $0 213 60.0213 $8.6213 $8.0213 96.0437 90.0537 $0.0437 $8.0437 $6.0437 884.6578 86.0837 $8.0037 90.0037 $0.0037 16.0037 $6.0837 96.0637 10.0837 14.0637 Operating Expenses: Operations &Maintenance 5.004 io eeok)Oo So CMC $65 $698 «873308778 0B BAD SBTL 8956)HM 81,$1,083 $1,237 General &Ade.3.082 $45 "7 $3 $52 $55 $57 8 $63 $66 $70 $73 +77 $81 $55 $89 $94 $98 0010381088214 Inserance 4.SE s15@ =8157)616481718179 8187 8155 SBS #213.8223 8233s RNS ACS"(ZB tS CBS COSHH?ST Tanes "3.00%$108)«=$103)81081098123)$886)8119)8123 $127)$138 81388138849 H147 8952 8156 GREG MB 8175 Royalties Yrs.1-5-16%,6-11-244,12-38-40%$3 8B MA 839674568 S7B «AS $392 OL 8G 8628 $1,008 $1,060 $1,086 $1,105 $1,125 $1,146 $1,168 62,15) {as a percentage of Variable Fluid Fee) Tota!Operating Expenses $1,101 81,14 $1,188 $1,222 $1,267 $1,583 $1,554 91,687 $1,664 $1,722 61,784 $1,848 $2,336 $2,415 $2,495 $2,580 62,669 62,763 62,661 $2,%3 Cash After Operating Expenses $500 $462 42M 83788334 01,773 $1,721 $1,668 81,622 $1,553 $2,491 $4,429 63,942 $3,864 $3,782 03,697 63,008 $3,515 $3,417 $3,314 Beginning Balance @ «682560 U7 $5,107 91,426 81,745 83 6877 $1,231 $1,608 $2,009 $2,435 $2,887 $1,145 $1,516 $1,911 $2,331 $2,776 $3,250 fineual Deposit on A Pr Pw ek ek|x eS eS eS Re Wel}Schad $8 8 $0 $8 0 $8 ($1,633)$8 bs]$8 $8 $0 $8 ($2,222)0 $8 $6 8 $8 +8 Interest Earnings $8 16 +33 $50 $69 +89 «8118 14 $3 77)=$101)$108es(ié'ESS?:CC8O $72 9958119 $846 8178 =8283 fnewal Withdrawal $8 @ +e $0 $9 $8 Lf]0 $3 $6 I $8 $8 $8 $0 $8 Le +8 $8 8 Ending Balance $253 «=$52H)8OO7 $1,107 $1,426 91,755 8543 $877 $1,231 $1,608 $2,009 $2,435 $2,067 $1,145 $2,516 $1,911 $2,332 $2,776 $3,298 $3,753 Pre-Tax Cash @ #258 8 se82)68178)8128 $84 $1,523 $1,421 $1,308 $1,312 61,253 62,191 $4,129 83,642 $3,564 $3,482 $3,397 $3,508 $3,215 63,117 03,015 Tan Benefit/(Liability)($2,448)$1,752 8398 $285 81118128 837%)(8337)(8252)«=BUS)C8SOB) 859G)$2,185)(81,074)(9897)(6779)18808)(6877)(8866)«(885R)=19867) Energy Tax Credit 475 Special Incose 7,008 ] Equity Investaent (4,F@)(4,750)After Tax Cash Flows (4,78)te 2,47 608 355 233 2te 1,166 (1,065 1,116 1,007 $25 1,595 2,944 2,508 2,667 2,703 2,569 2,431 208 2,29 2,147 2B.92%Internal Rate of Return &Uud-uveaVimLitBYeeeeFluid Fee Credit IRR 1993 ($7,200) 19.91% 1994 =1995 19%1997 1998 1999)=88881 $2,000 $2,000 $2,000 $2,000 $2,008 $1,008 $1,000 $1,000 mez 283 $1,000 $1,008 December 10,1991 5:30 p.m. ALASKA ENERGY AUTHORITY UNALASKA GEOTHERMAL PROJECT Financing Team MeetingDecember12and13,1991 Alaska Energy Authority Conference Room701EastTudorRoad Anchorage,Alaska Contact:Brent Petrie Phone:(907)561-7877FAX:(907)561-8584 REVISED AGENDA Thursday,December 12th -AEA Conference Room 8:30 a.m.Review Project Development Schochet °Plant Description Infrastructure Geothermal Field Development Construction Schedule Plant Operationo00°11:00 a.m.Discussion of Geothermal Resource Consultant's AunKeb erteen Tad e Report (by teleconference)v/o-427-9576 Geothermex Staff 12:30 p.m.Lunch in Conference Room 1:30 p.m.Continue Discussion of Development Plan (as needed)Schochet/OESI 2:30 p.m,Discussion of R.W.Beck Studies Benish/Helsby/°Construction Costs Hubbard °Unalaska Load Forecast °Dispatch Model °Data Needs/Report Schedule°Conclusions 3:30 p.m.Review of Documents Veh lferthChandler/ Klasen °Power Sales Agreement°City/Company Agreement°Construction Contract hee Goraculoae as°Operating Agreement --\°Fluid Sales Agreement 3127-JOL.-SMNG °Preliminary Official Statement°Related Documents 5:00 p.m.Summary and Questions Petrie 91Q4\TJ2090(1) ALASKA ENERGY AUTHORITY UNALASKA GEOTHERMAL PROJECT Financing Team Meeting December 12 and 13,1991 Alaska Energy Authority Conference Room 701 East Tudor Road Anchorage,Alaska REVISED AGENDA Friday,December 13th -AEA Conference Room 8:00 a.m. 12:00 p.m. 1:00 p.m. Continue Discussion of R.W.Beck Studies Discussion of Project Economics °Capital Cost Estimate Annual Operating Costs Fluid Fees City's Operating CostsProFormaOperatingResultsoo90°Lunch in Conference Room (if necessary) Discussion of Schedule December 10,1991 5:30 p.m. Phillips/Benish Helsby/Hubbard Petrie We plan to adjourn in time to allow travellers to catch 3:00 p.m.Southbound flights. 91Q4\TJ2090(2) c RWBECK f AND ASSOCIATES SEATTLE COMPLEX 2101 Fourth Avenue -Suite 600 Seattle,Washington 98121-2375 Tel:(206)441-7500 Fax:(206)441-4964 Telex:4990402 BECKSEA If this message is incomplete or i!lszible, please call Regarding: Facsimile Transmission To:_Like Leakedsazeds Phone (fax): WO:: Date:_Laat Time: Zce?Lf) Message consists of é.pages,including this cover sheet. 10 'd p96b lbh 90¢'ON XV LIUNSNOD FNLLVAS/HOSE Ma Ggipl MHL 16-21-030 INVOICE RW.BECK AND ASSOCIATES,INC. .Alaska Energy Authority Fourth &Blanchard Building Post Office Box 190869 2101 Fourth Avenue,Suite 600 Anchorage,AK 99519-0869 Seattle,Washington 98121-2375 Telephone 206/441-7500 PROM SVG.AGRERM ERT CONTRACT NOOR PURCHASE OKIFR INVOICE DATE INVOICE NUMDECR WS 1559-AA1-AZ 2800455 November 30,1991 Z1-0214 Project Description:=Consulting services rendered in connection with Unalaska Geothermal Project. Compensation:Services cf Personnel $47,079.00 Meals 224,21 Hotels 391.40 . Surface Travel 236,80 Air Travel 2,308.82 Communications 329.91 Delivery and Shipping 52.80 Supplies 24.20 Printing and Reproduction 311.12 Computer Services 329,26 Total ..6 ee re ee we te ew we el lw hw ww tw 8S 51,287,52 REMITTANCE STUB (Detach Here)R :x BEC K (Please Detach Stub and Mail With Payment ADSI AND ASSOCIATES,INC. INVOICE NUMBER:,21-0214 te INVOICE DATE:November39,1994 00.Fourth &Blanchard Building PROF,SVCS.AGREEMENT: WS-1559-AA1-AZ2101FourthAvenue,Suite 600 AMOUNT OF THIS INVOICE;$51,287.52 Seattle,Washington 98121-2375 REMITTANCE:coe cces cavastes winwouemmersece seseestaseesnumte wessenseen Terms:Net 30 Days,interest Charged on Accounts Due 60 Days After Invoice Date. ORIGINAL 20 'd b9eb lyp 90¢'ON X¥4 LTNSNOO FWLVSS/AOSE Ma 99:Pl MHL 16-cl-040 FAXNO,2064414964P,03RWBECK/SEATTLECONSULT56DEC-12-91THU14RUBECK£&ASSOCIATES INC - we .|__._REPORT__Po#-sc01-01 124191_DIRECT COST ACCOUNT LEDSER t S)sO R-1S5G9-AAI-AA(00817). oe .ut-_CLIENT MAME...ALASMA ENERCY AUTHORITY PAGE O41 5 --_£0ST_ACCOUNT_NUNMBER ._._US=1559-AA1-AA.(0081).-.SEATTLE CONSULTING DATE-__NOV_1991 >3 "8 cost ACCOUNT MANACER_BENZSH R oe PSA:1050.__/a:at &q "onSEEREUUTT See TS CP ESET UPOP EC ERUPT SPE ROP LAS EPCOT UP PCS ERS ESE CET USS EVES ECCS PLS E PP RP EY OVP eelY fi]PEPER EY CECE SECO EET VLEET PEP TT EET is cis,es e PROFTILE tarForRmatrios . '---EEE ETE OEE 49S FES SEES ESSE EEE EFAS EHRSD ESSE HES ORETEEHEDSHODESADES OTHE FSESSETHESSEESREESESESESASHESSR EERE SH SHES ESSEGETESES CKD *COSTING *BILLING *INVOTCING *ESTIMATE . -._FEES EEEHHEOEEEHHDS EE EEE TS EEEONDFEEOHS FHERSTEEHEEPERERSSEEFAPTTAGCRTEESSESE ESSER HERESCHESHEPET ESE EDS EHEC ESP OHSHETYESFTECTECOSSESTEFECER UES ®PARTNER LABOR YES *METHOD -SPECIAL Ww *DETAIL =LEDFO *LABOR COST -.*: __._&ENPLOYFE §ABOR =YES so PARTNER LABOR -3.9nf0 oe WIE)WITH =ws-1859-sal-azo COnPUTSA => *COMPUTER -YES *EMPLOYEE LABCR-1.¢000 *COPIES -ORIG +oY *OTHER EXPENSE -* __._#OTHER EXPENSE _YES *COMPUTER 1 8 ono.----#ORI GINAL____=_US_ADMIN _----=#.BSUBCONSULTANTS=a*SUBCONSULTANTS -YES *OTHER EXPENSE -1.6000 *STATUS --©LABOR REVENUE To,000.00 «"s #_SURCONSULTANT_-1.9000 @ BILL CLIENT-.0 TOTAL REVENUE 70,000.00.¢*° *»MAXIMUM -*PSA NUMSER -WS-15S9-AaI-AZ ©LABOR FACTOR -2.20 * a ERROR OES FFE SOEO EEE EE HER ESE EE OES EEE ED BESTT EEE HOEK EES HE EOFS OO OFS OOK SEER SPES HEHE OOS PEEOH TEES EEE SESE EESEEES POTOSESESOFOTHESESEEH ETH i TRANSACTION CODING TRANSACTION.DESCRIPTION HOURS cost COMPUTEDBILL ts -__It ATE SEF NOD GEN LED CLAS ST.DESCAIPTIONGADTITL raog.nun cen'?atin ACHR AMOUNT NAIF AnQUNT SD S06 769 S52.49 140.99£4349,Peo.o9 13 143098 NS0A48 C081 7100 0C01 47 HELESBY J11864 it 3150 24.0 &S$@ SO.789 1,657.20 160,909 3,040.00---_13_11309%US0948 0081 7100 0001 47 HELSBY 3111464 11.3750 21.0S$5 0 SO 769 ==1,450 95 160.00 3,760.00131136991WS064800817100006147HELSBY31117211315033.0 8 8 0 50.765 6,276.65 160.00 5,080.00"\*____11.113091_Wsoaga oat 7100 0001 47 HELSBY Bri 3150._-._1t.S8056.769 69.95 759.55 160.06 1,760.00 ;13 113691 WS0625S 0051 7100 0001 47 PETERSON 311164 12@ 3e5s0 &.0 85 §0 54.233 590.00 195.06 1,560.00-__13_113091 US06PS_0081 7150 0001 47 PETERSON 311144 1 snp {Ao 9 _$0 S54 2759 1,180.90 195 99 s,1P0 0913113091WS062500617100000147PETEASON3111721236507.053 5 6 S4.e3r 516.85 195.90 1,365.00 0001 PARTHER LABOR....2.22020.ae cceseeces 128.08 6,964.108 21,565,008 13 203091 USIZ10 0051 7100 OOTT 47 LANE 311164 04 0800 2.5688 1 10.335 35.30 too foo,66 ' -_135..113091 USi210 1991 71IGo 9091 47 Lane 211172 24 anon 1.9 5 41 10.305%14.12 F2-06 4a 00 23 113091 WS2950 0681 7100 0013 47 GARMAN 311164 04 1510 6.553 0 5.808 Be.7t foo |A119.--2 __ym 493009 wseese coat 7100 0011 47 GARMAN 311172 og 1510 6.5 §§0 9 £08 B6.7t_"aoc A13.00 -id to 13 1193091 US2950 0081 7109 0011 02 GARMAN 31 04 3510 e.6-3 8 ©3.003 13.34 26.68 4300 34.00 .."A493 113091 coesys_ccet_7100 0011 47 CAREY 311177 os,pero C(O SR Tas 43 0 _LOGVXUSCSWSOZT10CB17I0G001147HONGES7191640642216.0 $$0 16.154 219.70 4a.00 430-60 --_15_133091 USor71 con1 Fico 0011 47 HONSFR 311184 98 osre 2.903SP PRs ay s4_400 BY.00 13113051 WSCETI 0061 71G0 00123 47 HODGES Ji1i7z 06 Gee 23.5 83 5 0 16.154 $16.30 43.00 787-08 23_123091_Ws02Z271 0081 7100 9011 47 HOMGES 312172.06 nape 2.0.0 5.0 16 154 43.94 Ya $05 - tt 183091 WS02T!0001 T1090 9018 47 MODGES aw oO)aste 4.093959 0 16.194 24.97 er.es 4ac0 ieF OO43..3253091_W50204 O98 7ROO ODIE 47 HDOWEEL 397164 oT 1230 1.095 5 9 27 S00 3e.60 J2-¢0o la-00 P,04?Rl BECK &ASSOCTATESINC is FAXNO.206441496457DEC-12-91THU14RWBECK/SEATTLECONSULT'(Al peporT pep-pcoi-o1 teitas __DIRECT cost account LEACER t a)Ws-1559-aai-aa copay:aTi,j =i.---_CLIENT NAME AL ARKA FuEAey AUTHORITY PARE oP ">9 cost ACCOUNT NUMBER ..WS-1559-Aat-AA (0081)-SEATILE CONSULTING DATE._.NOMw 1991 ay is]3---C@ST_ACCOUNT MANAGER..BENISH.f PSA:1050 C/A:=| 3 :"_________TRANSALTION CODING TRAMSACTION DESERIPTION HouRs.eosr coneeTeopmt-* "OG DATE.REF NO SEN LED CLAS ST DESCRIPTION___s GRD_TITL PROJ.NUM.___C/B/1 APHR ACHR __AMOUNT RATE.anownt__ Vs 13.113091_YS1087008171909911 47TOWNSEND 371164__eT_.1030_.do else hl se 28.00 faoo 1 -143 $13691 WS1087 0061 7106 6011 47 TOWNSEND 311172 o?aga 1.65 8 6 18.7590 25,50 43-0 Ya.0G : 1A 1EA081 S108?008)7100 001)47 TOWNSEND 321172 AT 1870 100 A a 14.750 esa0'fa-00 49-2 11 143031 WS1087 9081 7100 0011 47 TOUNSEND cl of 1939 1.6 8 S$9 15.750 25.50 25.50 'ta-05 WO -_-_14_113091_WS2542 0081 7100 90113 47 BUCKLEY =_s_s a or eso ____4.0.S_5.0 27.500 __30.60______122 -49___In 60 atid fF13113094WS3S42GOB1T1900COOLSC2HUPBARDJTILIH4oa33249eYy.39 8 &oo 33.134 8,143.33 119,09 E,3TO.09 ___43_113091_ME1692_905)7199 0011 02 HUBBARD 311172 oe s4n 27.0_S5 3.0 31.154 3,143.59 1190.09 2,979.90 13 1130599 NS1842 0001 7100 OO1t 47 HVEBARD J11572 08 3440 6.6 $5 5 6 431.154 254.2 110.00 660.00 --_-11_1150D91 WE1S4P N81 F350 0011 Of HURAARY MD DS Stato 19 9.45 9.0.35 154 46 37...3 803 O83 119.90...#,999 na1131309WEtéa206017ICO001102HUEBARDMD0831404.9 0S 0 31.154 42.37 169.468 149.90 449.06 4---131123091 WS1S824 0081 7206 0011 47_CUTHRERT 311964 ne ss40 2poas62oF692 ___-_TS.3fF_95.00 199.9009a13193091WS307600517106001147BEWISHJ11156409«1250 6.05 3S 0 48.395 S1S.32 125.00 T50.00 4sW443183091Ust04690817100001147BENISH3111849?1e50 31.0 5 5.0 38396_1,616.82 175.00 3,875.04 13 113091 WS39I8 O089 7100 0011 47 BENISH 711172 eo «(E50 41.0 5S S$0 38.395 2,441.02 125.60 5,125.00- --_11 1135191 USTOIA OORT 7100 1911 97 _BENTSH RP_OF 1P50 23 0.8 5.9.34 396 52 22 1,201 06 125 09 2,B7T5.00 ;AS,OFF.60}001!FMPLOYEE #ABOR 255.58 410,290Jae-Prroqs-epe_ _-_-_52.113091_111164 00681 7200 9034 SENFRAL JOURNALS _199.64.8 ad Sf 11309 311164 0081 7200 0034 GENERAL JOURNALS t9.00 79.00 we ALS.=az7_aT S7T_AT Sa 1135091 J11T162 Goal Feze0 D074 GEAKERAL JOURNALS 3r.Ta 37.70 ' 7 0034MEALS.........--.c---eon ceeesaeennca "2e4.e16 £24,8Te f1_ - Se 1eS09t J11164 0061 7206 9035 GENERAL JOURNALS 97.05 97.85 by ae -11 $785 S2 1130397 321164 0083 TeOO o¢35 SENCRAL JOURNALS 37.85 37.05 ;--_52113091 121164 _0081 7200 0635 _SENERAL_IOGURNALS 37_85 3735 ue 0035 HOTELS *591.40¢___491406 ---_52_113091_311464_0081 7209 0036 CFNFRAL J0URNALS 19.09 1099 Se 29309T 318165 0681 7200 0036 GENERAL JOURNALS #11.80 a1t.60 /__S$@ 4 35091 J11966 0081 7260.0035 ___SGENERAL_JOURNALS 15.09 i 1*_0036_SUREACE TRAVEL e P36.BOe e1s_soe _* P,05FAXNO,206441496458DEC-12-91THU14RWBECK/SEATTLECONSULTRU_BECH£ASSOCIATES INC -__REPORT _PLe--ke0i o4 121191 DIRECT COST ACCOUNT LENCER &)sO 1559-AAI-AA_(0981) .'?-_CLIENT AME ALASKA ENERGY AUTHORITY PACE 03 ©2____¢nST_ACCOUNT NUMBER._uS-ISS9-AA1-AA_10081)-SEATTLE CONSULTING _-_DATE NOV_1991 2 i414 cost account.mANACER..BENISH,BR.__ce ee SATO A ee "oo RANSACTION_copINc TRANSACTION DESCRIPTION.HOURS _Cost COMPUTED ALE" -__To__DAT£__REF_MO__CEN LED.CLAS SY »ssBEBCRIPTION GRD TLPL_PROS NUM Ee BYE APH ACHR...AROURT amount. __321127591605525.0081 7200 0077 UNI TED_AIRLLAES __.OFSOO ATS_00_ti 52 113091 3139164 Gost T7200 OO37 GENERAL JOURNALS 1,633.82 1,633.82 D037 AIR JAAVEL......ce nee anes ceae ce eeaee *2.308.628 2,300.826 . _ 32 120491 990060 0061 7200 0045 SEA ACI £0.05 RO.0s('_S2 133091 511164 0001 7200 0045 CFNERAL JOURNALS ee 2 00 2.90-vs S52 113091 31131464 O961 Feoo0 045 SENERAL JOVRNALS 8.00 B.0¢c--_S@_£.13091_311172_0081 7260 0045 cFHNEPAt JOURNALS P99 36.e737.96 we 0045 _COMMENICATIONS.*__329.910 329.919. --_32_112591 084405 0081 7200 9047 FEDERAL EXPRESS CoRP 23.40 P3240 32 112591 Ch&4407 0951 FR00 O64T PEQERAL EXPRESS CORF 413.00 13.09 --SL2_1130381 F111 FP 00h)Fron O847 4S FHFRAL JOURNALS 54490 14.49._- OOS?DELIVERY AND SHIPPING *SP age 52 _Bo0s 32 413091 va1166 9081 7200 0048 COPY CENTER SUPPLIES 24.20 £4.20 " 7 0048 SUPPL TES Ps P4_e0e8 74a 2Ooe _-S2_113091_J11164 O01 7700 0069 CENERAL JOURNALS 13768_157.68_ SZ @iIS0F1 FI1I64 OG6I FeeO Goss SENERAL TIOVRNALS #6.00 zn_00---32_233091_V11a51 0081 7700 0049 SEA «DDAK 12.44 1364 32 115091 11456 0081 7200 0049 SEATTLE FAX 128.06 128.09 .0049 FRINTING AND REPRODUCTION.....acceee .311,126 314.12B8 "syati y SE 113091 361164 0081 TECd 0063 GENERAL JOURNALS 44.34 44.354 qya'_a2 aoe)v1iess 0081 7290 0063 -sS EA HICROCOME PEL SF Pais 32 113091 ViItT11 Ooa1 F200 cons COMP SERV AICRO 3.32 3.33 0063 MICROCOMPUTER SERVICES -IN HOUSE...*329.268 329_260 toms, P,06FAXNO,206441496459DEC-12-91THU14RWBECK/SEATTLECONSULTi 1 RU BECK &ASSOCIATESINC 4{'h REPORT P€2-RGo1-08 1211894 DIRECT COST ACCOUNT _LEDCER_<2)sos C£=-1559-AA1-AB_C0005}..s "ei senT mame AL SKA ENERCY AUTHORITY Page.ot ")2 cosT_accouNT NUMBER CC-1S59-AAT@AB(0005}.-CENTRAL ENGINEERING 2.BATE NOV1 991., ?___fOST ACCOUNT BANACER.NEFE.1 _.ee ee __PSA aS0__£/a:1040fa 1 iG)DATE OR EF_NO SEN LED CLAS ST.NESCRIPTION_ --SOP TPS RE SERESSHARTHSEKADARALEREPES PESOPSFESEHEER RARER EROREREORARPOKSLSFRESAASARSERTARUARP MATE REOHRDS TASES REREADROASSEROSPRRORALOPHED SH NF Or MWM ATION* =FEEREESEROEEROSHESEEEEHEHEER SESH EO HESEEHEES HEKERECTETHA ASHES EHH SHAPES HRAPECLAREH ERE TE MSAGh HESS HEERDERSE HAE HAASAESEASKOASARSESESAKEASSEHO _ »COSTING PROF ELE I qrbdBitLinegbdINVOICING-EOTINATE ” -.BPEOKHHOEEETTESASHEED ES OPES SESHESEES SHHPEE TOD HSE GOE THESES HRHOD HT FOTESEROTERESOTESHERTOSLEPOSHREOSSESTEDEDECESOTSFOHESEFESOEESSESCEPESOESES| *PARTNER LABOR -YES @ NETHOD SPECTAL Ww *DETAIL LESPo *LABOS COST -+ --_-&EMPLOYFE |AGOR YER 2 PARTNERLABOS=.13.980%_a ORL =NBL REP AAI AL 9 COMPUTER =* *@ COMPUTER -YES ®EMPLOYEE LCABOR-1.0006 *COPTES -OMIG +OF ©OTHER EXPENSE -» ---__B_OTHER_EXPENSE...-_YES ___=COMPUTER .= -1 0986...--M_ORTGINAL.._-_-=.WS AUMIN -__.___&.SUBLONSUL TANTS =-8_. *SUBCONSULTANTS -YES *OTHER EXPente -1.9005 =STATUS --¢=LABOR REVENUE -€3,000,00 * 2 -_-®_SUBCONSULIANT -_o917.,.0008 __...BILL CLIENT OU.TOTAL.REVENUE 25,090.006 bd *MAXIMUA -*FSA NJMBER -WS-t559-AAI-AZ *LABOR FACTOR -2.20 © 8 EOS GOETHOHHEEE SEEEEHOOEEESE NERESEEROHES SSO ENDS CERES ESESTHSEHEEEETERAS OP APETRERE ALOE SS REED SY DODTS SY RSESY SSPEARS OHS SS SESSEOSESH DOSED __ -____TRANSACT.LON_CODING TRANSACTICR DESCRIPTION... 37AD ee oe woe -.HOURS cost COMPUTED BRILL. ERD TLL PROJ num.£7841 APHR.ACHS AMOUNT RATE AMOUNT -”- So §§8 PY 115.144.40 109.99--_13_113091_CCPS17_0005 7100 2911 O46 NEFF314 14E ers OD11_EMPLOYEE LABOR...Sg nt3 164_40% S0¢_00 -500_60¢_ MEMORANDUM TO:Dan Schochet FROM:Paula Lausa DATE:December 11,1991 RE:Unalaska O &M Agreement Enclosed are 12 copies of the Draft No.1 of the Unalaska O &M Agreement.As discussed we are changing the format of the agreement to be a cost of the work type agreement,as opposed to a fixed price contract.As you know this draft has not been reviewed in-house by either OESI or LFC Power Systems personnel or by Counsel.I expect that there will be a number of comments on the content of this draft but I believe that it is a good start. I will look forward to speaking and working with you further on this agreement. Regards. Draft No.1 December 11,1991 FACILITY OPERATION AND MAINTENANCE AGREEMENT between ALASKA ENERGY AUTHORITY and ALASKA GEOTHERMAL POWER CORPORATION for the UNALASKA GEOTHERMAL PROJECT Dated as of TABLE OF CONTENTS Article Description Page Recitals ..2.2.2 2 «6 «©©©©©©©©2 ew 1.0 The Agreement .....«2 ©««©«©©©«©« 2.0 Definitions ....«2.6 «©©«©©©©©© 3.0 Responsibilities of Operator ........ 4.0 Responsibilities of Owner ....2 «6 «©«« 5.0 Force Majeure .....o .ee we 6.0 Operator's Compensation and Reimbursement ° 7.0 Inspections,Books and Records,and Audits . 8.0 Term .2.«©«©©©©©«©©©©©©©©©6 8 9.0 Termination .....2 ««©©«©©«©«©©© 10.0 Insurance ..2.««©©«©©©©«©«©©2 ©© 11.0 Defaults,Remedies and Waivers ....+.«.- 12.0 Governing Laws ...2.«6 ««©©«©«©«©©e @ 13.0 Severability ...2.2.2.2.26 ©©2 2 «©ww 14.0 Entire Agreement .....2.«©«©«©«©we 15.0 Notices ...2.©«©©««©©©©©©ew ew ew 16.0 Assignment and Subcontracting ....... 17.0 Resolution of Disputes .......+s...-» 18.0 Indemnification ...2.6.«6 «©«©«©©©we 19.0 Confidentiality ..........se«.e«.e«.-. 20.0 No Third-Party Rights ........e.2... 21.0 Survival ......er 22.0 Limitation of Liability er a 23.0 Originals and Counterparts ......e.... 24.0 Representations and Warranties of Operator and Owner...2.«««©©©©©5 ©©«©©«©« (25.0 Headings ..2.6 6 ©©©©©eo ew ew ew ew Exhibits Exhibit A -Operator Services.....-««©«©«©««©« Exhibit B -Site Map.....««©«©«©©©«©©©@ @ Exhibit C -Reimbursable Expenses.......+.... «2 «22 e .27 FACILITY OPERATIONS AND MAINTENANCE AGREEMENT THE FACILITY OPERATION AND MAINTENANCE AGREEMENT ("this Agreement")is entered into and effective as of this day of ,by and between Alaska Energy Authority,an Alaska public corporation ("Owner"),and Alaska Geothermal Power Corporation,a Delaware corporation ("Oper- ator"). Cr 2 WHEREAS,Owner and AMOR 10 have entered into that certain Unalaska Project Agreement for Engineering,Procurement and Construction Agreement dated as of (the "Con- struction Agreement")which provides for the construction of a MW (net)geothermal power generation facility as more fully defined herein (the "Facility");and WHEREAS,Owner and Makushin Geothermal Partnership,a Delaware partnership ("Makushin")have entered into a Fluid Sales Agreement,dated as of ,the ("Fluid Sales Agreement")which provides for the utilization by Owner of Geothermal Resources in the Makushin Known Geothermal Resource Area of Unalaska Island,Alaska;and WHEREAS,Owner and the City of Unalaska,a corporation ("City"),have entered into a Power Sales Agreement (the "Power Agreement"),concerning the sale to the City of electric energy generated by the Facility;and WHEREAS,Owner wishes to retain Operator to perform certain operation and maintenance services (the "Services",as hereinaf- ter further defined)for the Facility;and WHEREAS,Operator agrees to provide such Services on the terms and conditions set forth in this Agreement; NOW,THEREFORE,in consideration of the agreements herein contained and other good and valuable consideration,the parties hereby agree as follows: 1.0 THE AGREEMENT 1.1 Purpose.The purpose of this Agreement is to define the terms under which the Operator shall operate and maintain the Facility for Owner. 1.2 Relationship of the Parties.The Operator shall perform the Services hereunder as an independent contractor. Nothing in this Agreement shall be deemed to imply that Operator is a partner,joint venturer,agent or representative of Owner. Legal title to all property purchased by Operator under the terms of this Agreement shall pass immediately to and vest in Owner upon the passage of title from the vendor or supplier thereof to the Operator.Operator will provide such additional documents as Owner may reasonably require to confirm the vesting of such title in the Owner. 1.3 Exhibits.The following Exhibits are attached to and made a part of this Agreement: Exhibit A -Operator Services Exhibit B --Site Map Exhibit C -Reimbursable Expenses 2.0 DEFINITIONS The following definitions shall apply to this Agreement: Administrative Procedures.Administrative Procedures shall mean the schedules,systems,reporting formats,and procedures to which the Operator shall adhere in the performance of its administrative duties hereunder,to be established in accordance with Exhibit A hereto. Affiliate.Affiliate shall mean,with respect to an entity,an entity that controls,is controlled by,or is under common control with such entity or any successor thereto. Capital Equipment.Capital Equipment shall mean all equipment integral to the operation of the Facility and having an estimated useful life of more than one year.Capital Equipment shall not include normal major and minor overhaul supplies, consumables,or items having an estimated useful life of one year or less.Capital Equipment also shall not include office furniture,office equipment and tools with an aggregate cost of $20,000 or less. Capital Improvements.Capital Improvements shall mean the replacement or addition of structural components of the Facility having a value in excess of $5,000 and a useful life greater than one year. City.City shall have the meaning set forth in the Recitals hereto. Commencement Date.Commencement Date shall mean . Contractor.Contractor shall have the meaning set forth in the Construction Agreement. Construction Agreement.Construction Agreement shall have the meaning set forth in the Recitals hereto. Cost of the Work.Cost of the Work shall have the meaning set forth in Section 6.1 hereof. Date of Commercial Operation.Date of Commercial Operation shall have the meaning set forth in the Construction Agreement. Facility.Facility shall have the meaning set forth in the Construction Agreement. 'Facility Manager.Facility Manager shall mean the Facility Manager designated by operator and approved by Owner pursuant to Section 3.3. Fees.Fees shall have the meaning set forth in Section 6.2 hereof. Field.Field shall mean that real property leased by Makushin under the Geothermal Lease and all below ground installations thereon (to the outlet flange of the well head shut-off valve),including all geothermal production and reinjection wells;but Field shall exclude well head equipment beyond the flange of the well head shut-off valve,pumping equipment,piping,instrumentation and the geothermal gathering system. Field Manager.Field Manager shall mean an individual appionted by Makushin authorized to act on behalf of Makushin in matters involving the operation and maintenance of the Field. Fluid.Fluid shall mean (i)the products of geothermal processes,embracing indigenous steam,hot water and hot brines;(ii)steam and other gases,hot water and hot brines resulting from water,gas,or other fluids artifically introduced into subsurface formations;(iii)heat or other associated energy found beneath the surface of the earth;and (iv)water from geopressured zones. Fluid Sales Agreement.Fluid Sales Agreement shall have the meaning set forth in the Recitals hereto. Force Majeure.Force Majeure shall mean acts,events or occurrences beyond the reasonable control of Operator or Owner which delay or otherwise prevent Operator or Owner from timely performing its respective obligations under this Agreement (other than an obligation to pay money),including,without limitation, fires;floods;epidemics;lightning;earthquakes;quarantine; blockade;governmental acts,orders or injunctions;war; insurrection or civil strife;strikes or labor disputes; sabotage;unusual delays in transportation;explosion;and any other similar events,but only to the extent such events are beyond the reasonable control of Operator or Owner despite its reasonable efforts to prevent,avoid,delay or mitigate such acts,events or occurrences. Geothermal Lease.Geothermal Lease shall mean that certain Geothermal Lease and Agreement dated as of January 1, 1991 by and between Battle Mountain Gold Company and Makushin,as. assignee of Ormat Energy Systems,Inc. \Indenture.Indenture shall mean that certain Indentures dated between Owner and Trustee. Lease Property.Lease Property shall mean the real property leased by Makushin under the Geothermal Lease as more fully described in Exhibit __hereto. Makushin.Makushin shall have the meaning set forth in the Recitals hereto. Operating Fund.Operating Fund shall mean the fund established and maintained by Owner in accordance with the provisions of the Indenture which shall include therein an operating reserve account to hold the Operating Reserve Account Requirement. Qperating Procedures.Operating Procedures shall mean the rules,regulations,permit requirements,schedules,and procedures to which the Operator shall adhere in the performance of the Services,to be established in accordance with Exhibit A hereto. Operating Reserve Account Requirement.Operating Reserve Account Requirement shall mean an amount equal to 20 6 percent of the Operating Expense (as such term is defined in the Indenture)component of the Annual Budget (as such term is defined in the Indenture),or such other amount as may bedeterminedpursuanttothePowerAgreement. Qperator.Operator shall have the meaning set forth in the Preamble hereto. Owner.Owner shall have the meaning set forth in the Preamble hereto. Power Agreement.Power Agreement shall have the meaning set forth in the Recitals hereto. Project Year.A Project Year shall be a calendar year. Renewal_and Contingency Reserve Fund.Renewal and Contingency Reserve Fund shall mean the fund established and maintained by Owner in accordance with the provisions of the Indenture in an amount at least equal to the Capital Reserve Requirement. Renewal and Contingency Reserve Requirement.Renewal and Contigency Reserve Requirement shall mean an amount equal to $. Services.Services shall mean the services provided by the Operator pursuant to the terms of this Agreement as more specifically set forth on Exhibit A hereto. Short Project Year.A Short Project Year shall mean any Project Year consisting of less than 12 months. Site.Site shall mean the real property located in Unalaska Island,Alaska on which the Facility is located,as more particularly described in the site map attached hereto as Exhibit B,and all real property appurtenant therto. Spare Parts.Spare Parts shall mean the spare parts which a prudent operator would hold in order to operate the Facility in a good,workmanlike,and commercially reasonable manner. Trustee.Trustee shall have the meaning assigend to such term in the Indenture. 3.0 SPONSIB ES OF OP {@) 3.1 Services.During the term of this Agreement, Operator shall provide to Owner the Facility Services set forth in Exhibit A hereto. 3.2 Manner of Performance.Operator shall perform theServiceshereunderinagood,workmanlike,and commercially reasonable manner with the standard of diligence and care normally employed by duly qualified persons in the performance of comparable work.Operator shall in all material respects performtheServicesinaccordancewith(i)the Operating Procedures (including any operation and maintenance manuals included therein)and the Administrative Procedures,(ii)all applicable laws,regulations,codes,permits,licenses,and standards,(iii)the Indenture,and (iv)this Agreement. 3.3 Facility Manager.No later than ten (10)days after the Commencement Date of this Agreement,Operator shall designate a Facility Manager and notify Owner of the identity thereof.The appointment of the Facility Manager,and any successor thereto,shall be subject to Owner's reasonable approval.The Facility Manager shall have direct operational control of the Facility on a day-to-day basis. 3.4 Local Hire.{In performance of all work required by this Agreement,Operator will employ or contract with persons that are residents of the City and its environs to the extent such persons are,in the reasonable opinion of Operator, qualified to perform required work and it is commerciallypracticableforOperatortohiresuchpersons.] 3.5 Operations and Maintenance Manuals.Owner shall deliver to Operator copies of any and all Facility operating and maintenance manuals received from Contractor under the Construction Agreement including,but not limited to,drawings, record books,vendor manuals,and operations and maintenance manuals. 3.6 Emergency.In the event of any emergency involving the Facility endangering life or property,Operator shall take such action as may be reasonable and necessary to prevent,avoid,or mitigate injury,damage,or loss,and shall, as soon as practical,report any such injury,damage or loss, including Operator's response thereto,to Owner. 3.7 Limitations.Notwithstanding any other provision in this Agreement,Operator may not,without the prior written consent of Owner: (i)Make any expenditures for materials,equipment, services,or supplies in excess of amounts provided for such items in the operating plan and budget for that Project Year,unless that failure to make such an expenditure would create an abnormal risk of personal injury or significant damage to the Facility and Owner is notified promptly of such expenditure; (ii)Modify,amend,terminate,supplement,or take any other material contractual action with respect to the Indenture or any of the Indenture Documents; (iii)Take any action in respect of the Facility,or make any expenditure on behalf of Owner,other than in the ordinary course of performing the Services. 4.0 RESPONSTBILITIES OF OWNER In addition to any Owner obligations specified elsewhere in this Agreement,during the term of this Agreement Owner shall be responsible for the following: 4.1 Access.Owner shall provide Operator with access to the Facility and the Site as may be necessary for performance of the Services hereunder. 4.2 Budgets and Plans.Owner shall give timely review and approval of the budgets and plans submitted by Operator as set forth in Exhibit A hereto. 4.3 Payments.Owner shall make payments to Operator in accordance with this Agreement. 4.4 Fluid.Owner shall provide to Operator,at the wellhead flange,Fluid in quality and quantity sufficient to operate the Facility at all times at MW (net)capacity as required by the Power Agreement.[Fluid specs?] 4.5 Cooperation.Owner shall cooperate with Operator as may be reasonably necessary in the performance of Operator's Services hereunder. 4.6 Permits.Owner shall procure and maintain all permits,licenses and regulatory approvals necessary to construct or create the right to operate the Facility. 5.0 FORCE MAJEURE Neither party shall be considered in default in the performance of its obligations under this Agreement to the extent that the performance of any such obligation is prevented or delayed by any Force Majeure,provided that such party gives the other party prompt notice thereof and uses reasonable efforts to mitigate the effect of the Force Majeure.' 6.0 OPERATOR'S COMPENSATION AND REIMBURSEMENT 6.1 Reimbursement of Direct Expenses.Owner shallreimburseOperatorforalldirectcostsandexpensesactuallyincurredorpaidbyOperatorintheperformanceoftheServices hereunder.Such reimbursable direct costs and expenses include, but are not limited to,the items set forth on Exhibit C hereto and shall hereinafter be referred to as the "Cost of the Work". 6.2 General and Administrative Expenses.In addition to reimbursement of the Cost of the Work,Owner shall reimburse Operator for General and Administrative Expenses incurred in connection with providing support to the Operator, whether such support is provided at the Site or elsewhere and whether such support is provided by Operator or an Affiliate of Operator.Such General and Administrative Expenses shall include,but are not limited to,the items set forth on Exhibit D hereto.All such expenses and costs shall hereinafter be referred to as the "G &A Expenses". 6.3 Fees and Incentive Payments.In consideration of the due and timely performance by Operator of the Services hereunder,Owner shall pay Operator,from and after the effective date of this Agreement,a fixed fee (the "Fee")and,if earned, an incentive payment (the "Incentive Payment")both of which are calculated and earned on a monthly basis in accordance with this Paragraph. [TO BE DISCUSSED] 6.4 Manner and Time of Payment.On or as soon as practical after the first day of each calendar month,Operator shall prepare and submit to Owner an invoice covering the Cost of the Work and the G &A Expenses incurred during the preceding calendar month and the Fee and Incentive Payment earned.Within ten (10)days after receipt of the invoice,Owner shall pay to Operator the Cost of the Work and applicable Fees shown to be due under the invoice.Any amounts paid to Operator by Owner as reimbursement for costs incurred but not paid shall be disbursed by Operator to the appropriate party within sixty (60)days after such amounts are received by Operator,and any amounts not so disbursed shall be placed by Operator in a general reserve account.Operator shall notify Owner of any amounts not disbursed.Owner may direct disbursement of such amounts; provided,however,Operator does not have to disburse amounts which have not been paid due to a good faith dispute so long asOperatorisholdingreasonablyadequatereserveswithrespect thereto.Provided Operator is not materially in default of its obligations hereunder,amounts owed by Owner to Operator hereunder more than ten (10)days after receipt of the invoices prepared in accordance with this Section 6.3 shall accrue interest each day such is not paid after such time at the lesser 10 of (i)a rate equal to two percent (2%)above the prime lendingratequotedtosubstantialandresponsiblecommercialborrowers by Chase Manhattan Bank,each day such interest accrues,or (ii) the maximum rate permitted by applicable law.Any dispute hereunder shall be resolved in accordance with Article 17. [ADVANCE AND SECURITY PROVISIONS TO BE DISCUSSED] 7.0 INSPECTIONS,BOO AND_RECORDS AUD . 7.1 Inspections.Owner shall have full right of access to the Facility (including meters),and Operator agrees to cooperate with inspections of the Facility by Owner.Such inspections may occur at any time upon reasonable notice to Operator,provided such inspection does not,in Operator's reasonable judgment, materially interfere with its timely performance of the Services under this Agreement.Operator acknowledges that the City may have certain rights to inspect the Facility pursuant to the Power Agreement,and Operator agrees to cooperate with such inspections. 7.2 Books and Records.Owner shall have the right to inspect Operator's books and records (including meter records) relating to the operation of the Facility,and Operator shall retain all such information for a minimum of three years,or for such longer period as Owner may,in writing,reasonably request. 7.3 Audit by Owner.Owner,at Owner's expense,may conduct audits of Operator's performance of the Services,provided that at least two weeks'notice of each such audit shall be given to Operator. 8.0 TERM 8.1 Term of this Agreement.The initial term of this Agreement shall terminate three (3)years after the Commencement Date. 8.2 Extensions.The term may be extended,at the option of Operator exercised by notice given to the Owner not later than ninety (90)days before the expiration of the initial term,for an additional three (3)year term on the same terms and conditions as set forth in this Agreement,with such changes therein as may be agreed by the parties. 9.0 TERMINATION 9.1 Transfer of Operations Upon Expiration or Termination. Upon expiration or termination of this Agreement for any reason, 11 Operator shall cooperate with Owner in the transfer of the operations of the Facility to Owner or a new operator of the Facility designated by Owner.Without limiting the foregoing, Operator shall train personnel of Owner or the new operator to operate the Facility and provide Owner and the new operator with information and data necessary for the safe and efficient operation and maintenance of the Facility.Operator shall be compensated separately for such training at a rate for such training equal to Operator's costs plus 20%.Operator shall leave the Facility in good operating condition,normal wear and tear excepted.Operator shall maintain insurance in accordance with the terms of this Agreement until the date Operator vacates the Facility;provided,however,Operator shall not terminate or cancel any such insurance without providing thirty (30)days advance notice of such termination or cancellation to Owner. 9.2 Suspension of Services.Owner by written notice may require Operator to suspend all or a portion of Operator's Services for a specified period of time.In the event Operator's Services are suspended by Owner or by an event of Force Majeure, Operator shall be relieved of any obligations hereunder,to the extent such obligations are affected by such suspension.During the period of any suspension or event of Force Majeure,Operator shall continue to be entitled to payment for Services in accordance with Article 6,including without limitation,the costs of mobilization,demobilization and waiting time,as may be appropriate. 9.3 Optional Termination.Owner shall have the right to terminate this Agreement:(a)upon thirty days'written notice without further liability of Owner (provided,however,Operator shall use its reasonable efforts to transfer operations under Section 9.1 prior to the expiration of such thirty days),in the event (i)Owner sells,transfers,conveys,or otherwise disposes of the Facility,(ii)the Power Agreement is terminated,(iii) the Facility does not achieve Commercial Operation by . In the event of a termination under this Section 9.3,Owner shall pay Operator's reasonable costs incurred in the termination of the performance of the Services hereunder. 9.4 Termination for Failure to Perform.Owner may terminate this Agreement upon five days'prior notice if Operator (1)generally does not pay its debts as they become due or admitsinwritingitsinabilitytopayitsdebtswhendueormakesageneralassignmentforthebenefitofcreditors;or (2)commences any case,proceeding or other action seeking reorganization, arrangement,adjustment,liquidation,dissolution or composition of it or its debts under any debtor relief law;or (3)in any involuntary case,proceeding or other action commenced against it which seeks to have an order for relief (injunctive or otherwise) entered against it,as debtor,or seeks reorganization, arrangement,adjustment,liquidation,dissolution or composition 12 of it or its debts under any debtor relief law,(i)fails to obtain a stay or dismissal of such case,proceeding or other action within forty-five (45)days of its commencement,or (ii) converts the case from one chapter of the Federal Bankruptcy Code to another chapter,or (iii)is the subject of an order for relief;or (4)conceals,removes or permits to be concealed or removed,all or any substantial part of its property,with actual intent to hinder,delay or defraud its creditors or any of then, or suffers or permits while insolvent,any creditor to obtain a lien upon all or any substantial part of its property through legal proceedings which is not vacated within thirty (30)days from the date thereof;or (5)has a trustee,receiver,custodian or other official appointed for or take possession of all or any substantial part of its property or has any court take jurisdiction of all or any substantial part of its property, which action remains undismissed for a period of forty-five (45) Gays;or (6)fails to make prompt payment to subcontractors or for equipment,supplies,or labor,disregards applicable laws,or otherwise violates or breaches a material provision of this Agreement (and if the Operator shall fail to cure such default within thirty days of receipt of notice thereof from Owner). 9.5 Owner's Rights.Upon termination or expiration of this Agreement,Operator shall (i)deliver to Owner all books, records,accounts,manuals,Operating Procedures,and ° Administrative Procedures developed or maintained by Operator pursuant to this Agreement and (ii)subject to the provisions of Article 19.0,provide Owner with the non-exclusive right to continue to use any and all patented and/or proprietary information of Operator that Owner deems necessary to perform the Services.Furthermore,Owner shall have the right to take possession of all of the equipment,fuel,and supplies located at the Facility for the purposes of performing the Services and may employ any other person,firm,or corporation to perform the Services by whatever method provided herein. 9.6 Operator's Rights.Operator shall have the right to terminate this Agreement upon ninety (90)days'written notice without further liability if an Event of Default,as defined in the Indenture,has occurred and Owner fails to pay the sums due Operator under this Agreement or to provide adequate assurance as to continued payment within ten (10)days after notice to Owner of its intention to terminate.Upon termination or expiration of this Agreement,Operator shall not be entitled to receive any further payments under this Agreement other than payments for Services performed prior to termination or expiration and,in the event of a termination under Section 9.3,the costs provided for in Section 9.3. 9.7 General Obligations.Upon termination or expiration of this Agreement,Operator shall,at Owner's request and at Owner's expense,charged by Operator at the same rates provided herein, 13 perform the following Services: (i)assist Owner in preparing an inventory of all material,equipment,Spare Parts,fuel,supplies and in use or in storage at the Facility; (ii)assign to Owner all subcontracts and other contractual agreements as may be designated by Owner; and (iii)remove from the Site all such equipment, supplies and rubbish as Owner may request. 10.0 INSURANC 10.1 (i)Liability Insurance to Be Provided by Operator.During the term of this Agreement,Operator shall maintain in effect the following insurance in the following amounts: Worker's Compensation Statutory Employer's Liability $1,000,000 Commercial General $2,000,000 combined Liability including:Single limit per Contractual Liability occurrence Product/Completed Operation Liability Independent Contractor Liability XCU Hazards Liability Comprehensive Automobile Liability $2,000,000 combined Covering Owner,Leased limit per or Rented Vehicles occurrence (ii)Property Damage.During the term of this Agreement, Owner shall provide and maintain primary property insurance covering all risks of physical loss or damage to the property of the Facility from any external cause to the full replacement value and subject to normal policy exclusions,limitations,and qualifications. (iii)Business Interruption Insurance.During the term of this Agreement,Owner shall provide business interruption insurance in such amounts each policy term equal to the reasonably expected gross revenues for such term less reasonably expected non-continuing expenses for such term and subject to normal policy exclusion,limitations and qualifications. 14 10.2 Certificates.Operator shall furnish certificates of insurance to Owner evidencing the insurance required pursuant to Article 10.0 Each certificate shall provide that thirty dayspriorwrittennoticeshallbegiventoallnamedinsuredsin events of cancellation or termination in the policies initiated the issuer or underwriter of such insurance. 10.3 Proof of Loss.Operator,on its own behalf or on behalf of Owner,as the case may be,shall make all proofs of loss under all insurance policies required to be carried by Operator under Sections 10.1 (i)and take all other action reasonably required to collect from insurers for any loss under any such insurance policy.Operator shall cooperate with and assist Owner in making all proofs of loss under any insurance policies required to be carried by Owner under Sections 10.1 (ii) and 10.1 (iii)of this Agreement. 10.4 Repair and Restoration.Subject to the provisions of the Indenture,if any damage shall occur to the Facility,or any part thereof,the proceeds of the insurance carried by Operator pursuant to section 10.1 shall be applied as specified in the Indenture.It being understood that Owner may instruct Operator not to repair any particular damage to the Facility. 10.5 Revisions and Deductibles.None of the policies required to be carried under this Agreement shall be materially revised or cancelled without the prior written consent of Owner, which consent shall not be unreasonably withheld.Any repairs made by Operator not reimbursable from the insurance proceeds by reason of the deductible provisions of the applicable policy shall be reimbursed by Owner unless the loss was caused by the failure of the Operator to perform the Services in accordance with Section 3.2. 10.6 Form and Content.All policies,binders,or interim insurance contracts with respect to insurance maintained by Operator pursuant to this Article 10 shall: (i)be placed with insurance companies acceptable to Owner; (ii)designate Operator and Owner,as additional insureds or loss payees,as the case may be (except for Worker's Compensation and Employer's Liability insurance coverage);such insurance will be primary and not excess or contributing as respects any other insurance available to Operator,Owner,or the additional insureds; (iii)provide that no insured shall have recourse . against any insured other than Operator and Owner for . premiums or commitments or (if such policies provide i5 for the payment thereof)additional premiums or assessments;and (iv)waive any right of subrogation of the insurers thereunder against Owner and Operator,and the other additional insureds,and any right of the insurers to any setoff or counterclaim or any other deduction, whether by attachment or otherwise,in respect of anyliabilityofanysuchpersoninsuredundersuchpolicy. 10.7 Owner May Obtain Insurance.In the event Operator fails to maintain the policies of insurance required tobemaintainedunderthisArticle10,Owner may,at its option,provide such insurance;provided,however,such action by Owner shall not release Operator of its obligations to maintain such insurance. 11.0 DEFAULTS,REMEDIES AND WAIVERS 11.1 Defaults.{TO BE DISCUSSED] 11.2 Remedies.{TO BE DISCUSSED] 11.3 Waivers.Waiver by either party of any right under this Agreement shall not be deemed a waiver by such partyofanyotherrightshereunder.The rights herein provided are cumulative and not exclusive of any right or remedies provided by law. 12.0 GOVERNING LAWS This Agreement shall be governed by and construed in accordance with the laws of the State of Alaska. 13.0 SEVERABIL Every provision in this Agreement is intended to be severable such that if any term or provision hereof is illegal or invalid for any reason whatsoever,such provision shall be severed from this Agreement and shall not affect the validity of the remainder of this Agreement. 14.0 EN GREEMENT This Agreement constitutes the entire agreement between the parties relating to the subject matter hereof and supersedes and replaces all prior agreements and understandings,whether written or oral,and sets forth all the representations, 16 covenants,and warranties upon which either party is relying in entering into this Agreement.Reference in this Agreement to the Indenture or any other agreement entered into by or on behalf of Owner or Operator shall not modify or amend any responsibility, liability,or obligation on the part of Owner or Operator under such agreement or document. 15.0 NOTICES Notices,communications and correspondence between the parties shall be in writing and shall be deemed to be validly given if delivered in person or three business days after mailing thereof,postpaid,registered or certified mail return receipt requested,to the other party at the address indicated below or at such address as either party may designate by notice to the other party as herein required. Operator c/o Alaska Geothermal Power Corporation LFC Power Systems Corporation 4000 Kruse Way Place Building One,Suite 255 Lake Oswego,OR 97035 Attn:President Owner Alaska Energy Authority 701 East Tudor Road Anchorage,Alaska 99519 Attn:Executive Director 16.0 ASSIGNMENT AND SUBCONTRACTING 16.1 Assignment.Except as set forth in Section 16.2 below,this Agreement shall not be assigned in whole or in part by Owner or Operator without the prior written consent of the other.Operator hereby consents to the assignment of this Agreement to the Trustee as security for Owners obligations under the Indenture,provided Owner gives advance notice to Operator in writing setting forth the effective date of the assignment. 16.2 Subcontractors.Operator shall have the right to have any of the Services performed by subcontractors pursuant to written subcontracts between Operator and such subcontractors with respect to the Services to be performed hereunder. Notwithstanding the foregoing,Operator shall not subcontract the day to day control of the operation or maintenance of the Facility without the prior written consent of Owner.No subcontractor is intended to be nor shall be deemed a third- party beneficiary of this Agreement.The Operator shall cause to 17 be assignable to Owner all subcontracts entered into by theOperatorwithsubcontractorsthatobligatetheOperatorto make aggregate expenditures in respect thereof in excess of $ in any calendar year.Operator guarantees compliance by its subcontractors (except any subcontractors who are responsible forperformingwarrantyworkonequipmentusedintheFacility)withthetermsandconditionsofthisAgreementtothesameextentas if the services to be performed by such subcontractor were performed by Operator's own employees. 17.0 RESOLUTION OF DISPUTES [TO BE PROVIDED] 18.0 INDEMNIFICATION Operator hereby agrees to indemnify and hold harmless Owner,its Affiliates,their respective partners,directors, officers,agents and employees from any damage to property or injury to persons (including death)to the extent resulting from the negligence or willful misconduct of Operator or its subcontractors or their respective servants,agents,or employeeswhileengagedinactivitiesunderthisAgreementontheSite. Owner shall likewise indemnify and hold harmless Operator,its Affiliates,their respective partners,directors,officers, agents and employees from any damage to property or injury to persons (including death)to the extent resulting from the negligence or willful misconduct of Owner,its servants,agents or employees,while engaged in activities relating to this Agreement on the Site.In the event such damage or injury is caused by the joint or concurrent negligence or willful misconduct of Operator and Owner,the loss shall be borne by each party in proportion to their degree of negligence and willful misconduct. 19.0 CONFIDENTIALITY Throughout the term of this Agreement,Owner and Operator agree to keep confidential,and instruct their agents and representatives to keep confidential,any information disclosed by either party pursuant to the terms of this Agreement.A party's obligation to maintain confidentiality shall not apply to information which: (i)at the time of disclosure is in the pubic domain or which subsequently comes to be in the pubic domain other than solely as a result of acts by the party to whom disclosure has been 18 made; (ii)was in the possession of the party at the time of its disclosure by the other party;or (iii)is received by a party after its disclosure to them by the other party from any third person not acting on the other party's behalf in connection with this transaction. 20.0 NO THIRD-RIGH This Agreement shall not create in favor of,nor give to,any third party any claim or right of action against Owner or Operator,its subcontractors,or their respective affiliates (except in accordance with the terms of any assignment of this Agreement made in accordance with Section 16.1). 21.0 SURVIVA 22.0 IT.ON _OF LIABI Y¥ 22.1 Consequential Damages.Notwithstanding any other provision of this Agreement,neither party shall be liable for 'and each party does hereby release the other party from liabilityforconsequentialandindirectdamages,such as loss of profit, loss of use,loss of revenue,extra cost of producing profits,or any other special or incidental damages of any nature sustained in connection with or as a result of the work to be performed hereunder whether such damages are sought in contract,warranty, tort (including negligence,in whole or in part),strict liability,or otherwise. 22.2 Limitation on Operator's Liability.Operator's liability arising out of or in connection with all the Services shall be limited solely to reperforming at its expense any Services performed by Operator which are deficient because of a failure to perform such Services in accordance with the standards described in Section 3.2 and to repairing or replacing at its expense any materials or equipment which are damaged as a result of Operator's failure to perform such Services in accordance with the standards described in Section 3.2.No claim arising out of the performance or nonperformance of work and obligations in connection with the Services to be provided hereunder,whether based on contract,warranty,tort (including negligence,in whole or in part),strict liability,or otherwise,shall be asserted against Operator unless the injury,loss,or damage giving rise to the claim is sustained prior to the expiration of two years from the termination of this Agreement.Notwithstanding the 19 foregoing,in the event of a termination under Section 9.4, Operator shall reimburse Owner for its reasonable out-of-pocketexpensesincurredinthetransferofoperationsunderSection 9.1. 22.3 Effect on Other Contracts.Nothing contained inthisAgreementshall,in any way,limit,alter,negate,expand, or otherwise affect or create any warranty,guarantee,liquidated damages provision,or limitation of liability in any other agreement. 22.4 Extent of Limitations.Except to the extent prohibited by law,the limitations,releases from liability, indemnity,and hold harmless provisions in this Agreement shall apply even in the event of the fault,tort (including negligence, in whole or in part),strict liability,breach of contract, breach of warranty,or otherwise,of the party whose liability is released,limited,indemnified,or held harmless,and shall extend to its partners,officers,employees,and agents,to Affiliates,and to their respective officers,employees and agents. 22.5 Disclaimer.[TO BE PROVIDED] 23.0 ORIGINA N (e)ERPARTS This Agreement may be executed in two or more counterparts,each of which shall be deemed an original,for all purposes,but all of which shall constitute one and the same instrument. 24.0 REPRESEN I ND_W.TI OF OPE R_AND OWNER Each party represents and warrants to the other party hereunder that is has the power and authority to enter into this Agreement and that this Agreement has been duly authorized, executed and delivered by such party and constitutes the valid and binding obligation of such party enforceable in accordance with its terms. 25.0 HEADINGS The headings contained in this Agreement are for reference purposes only and shall not affect in any way the meaning or interpretation of this Agreement. 20 IN WITNESS WHEREOF,the parties hereto have executed this Agreement as of the effective date first written above. OPERATOR OWNER Alaska Geothermal Power Corporation Alaska Energy Authority By:By: Its:Its: 21 Exhibit A Operator Services The Operator shall perform the following Services under this Agreement: 1.In accordance with operating plans and budgets, purchase or contract or materials,equipment,services,and supplies for the Facility.The Services which Operator shall render shall include bidder qualification and selection,bid solicitation,evaluation,and order placement as well as expediting after the award. 2.Within ten (10)days after the Commencement Date [at least sixty (60)days prior to the scheduled Date of Commercial Operation],deliver to Owner detailed Administrative Procedures,which shall in all material respects be (i)in compliance with all applicable laws,regulations,permits, licenses,and standards;(ii)consistent with this Agreement;and (iii)consistent with those requirements relating to accounting, reporting,and other administrative matters as shall be set forth in the Indenture.Owner shall have the right to approve the Administrative Procedures delivered by Operator,which approval shall not be unreasonably withheld,and if Owner does not approve such procedures,Owner and Operator shall mutually agree on a set of Administrative Procedures.Subject to Owner's reasonable approval,Operator shall prepare and deliver to Owner from time to time any amendment or modification to the Administrative Procedures that Operator may deem necessary in the performance of the Service. 3.Within ten (10)days after the Commencement Date [at least sixty (60)days prior to the scheduled Date of Commercial Operation],deliver to Owner detailed Operating Procedures,which shall in all material respects be (i)in .compliance with all applicable laws,regulations,codes,permits, licenses,and standards (including all safety,environmental,and security requirements);(ii)consistent with this Agreement and all manuals and instructions relating to the Facility and theequipmenttherein;and (iii)'consistent with those requirementsrelatingtotheoperationandmaintenanceoftheFacilityas shall be set forth in the Indenture and in any operation and maintenance manuals furnished by Contractor under the Construction Agreement.The Operating Procedures shall provide for preventive and ordinary maintenance of the Facility, inventory control and tracking of equipment history.Owner shall have the right to approve the Operating Procedures delivered by Operator,and,if Owner does not approve such procedures,Owner and Operator shall mutually agree on a set of Operating Procedures.Subject to Owner's reasonable approval,Operator 22 shall prepare and deliver to Owner from time to time any amendment or modification to the Operating Procedures that Operator may deem necessary in its performance of the Services. 4.Subject to the provisions of this Agreement,hire and maintain a Facility work force and administrative personnel as necessary for the smooth and efficient operation of the Facility. 5.Provide regular training for its employees as follows: (i)Regular Training.Within ten (10)days after the Commencement Date [at least sixty (60)days prior to the scheduled Date of Commercial Operation], establish a regular training program for its personnel designed to keep such personnel informed of existing Operating Procedures and any additions or modification thereto and provide such training for such personnel throughout the term of this Agreement. (ii)New Personnel.Subject to Section 3.4 of the Agreement,select and train all replacement and additional personnel employed by Operator at the Facility in accordance with Operator's regular training procedures. (iii)Employment of Licensed Personnel.Whenever required by applicable laws,regulation,codes,or standards,employ only licensed personnel to perform professional Services. 6.Assure that all obligations of Owner relating to the operation and maintenance of the Facility under any contract (including but not limited to the Indenture)that Owner delegates to Operator are complied with;provided,however,Owner and Operator agree that such delegation to Operator shall not relieveOwnerofitsobligationtoanythirdpartywithrespecttosuch contract,and,provided further,in no event shall Operator have any responsibility to make any payment due under the Indenture or any other Owner Agreements relating to the Facility. 7.Take all appropriate actions to preserve Owner's rights under equipment warranties and make all appropriatewarrantyclaimsonbehalfofOwnerinatimelymanner. 8.Prepare and file all reports to federal,state and local governmental agencies relating to the Facility. 9.Handle governmental relations and all permitting matters and assist owner in securing appropriate permits, 23 approvals and licenses and in the renewal and maintenance of all required permits,approvals,and licenses including,but not limited to,filing all reports and notices and disbursing funds for all payments in connection therewith. {10.Maintain full and accurate books,records,and accounts of the Facility and administer and be responsible for all cost accounting,cash management,purchasing,personnel,andpayrollfunctionsrelatingtotheperformanceoftheServices.] 11.Evaluate,select,and procure all electricity and other utilities as Operator may reasonably require for the safe and efficient operation and maintenance of the Facility and the comfort,safety and well-being of its employees. 12.Remove and dispose of waste generated at the Facility in accordance with all applicable laws. 13.Cooperate with an annual audit of the Facility's books that may be arranged by Owner. 14.Prepare status reports as follows: (i)Quarterly.Within fifteen (15)days after the end of each calendar quarter,deliver to Owner a report,in form and substance reasonably satisfactory to Owner,summarizing,in appropriate detail,the results of operations of the Facility during the preceding month. (ii)Annually.Within sixty (60)days after the end of each Project Year,deliver to Owner a report,in form and substance reasonably satisfactory to Owner, summarizing in appropriate detail,the result of operations of the Facility during the preceding Project Year., (iii)Additional Information.Provide such additional information,with respect to Operator's or its subcontractor's performance of Services hereunder as Owner may reasonably request or as required by applicable laws,regulations,permits. 15.Prepare annual proposed operating plans and budgets as follows:Not later than sixty (60)days before the beginning of each Project Year,propose an operating plan and budget for the forthcoming Project Year;provided,however,that the first operating plan and budget due under this Agreement shall be delivered to Owner within ten (10)days after the Commencement Date [at least sixty (60)days prior to the scheduled Date of Commercial Operation].As soon as practical,Owner shall notify the operator of any questions,comments,objections,or suggested 24 modifications which it may have with respect to the proposedoperatingplanandbudget,and the parties shall cooperate with each other in attempting to agree on a mutually acceptableoperatingplanandbudget.At least thirty (30)days before thebeginningofeachProjectYear,and in the case of the first operating plan and budget due under this Agreement within thirty (30)days of receipt by Owner of the proposed operating plan and budget,Owner shall approve the proposed operating plan and budget,or a modified operating plan and budget for the forthcoming Project Year.If Owner fails to take any action within the specified period,the proposed operating plan and budget shall be deemed to be approved,except that Operator may not purchase any Capital Equipment or make any capital improvements to be paid for by Owner without the prior written consent of Owner or until a capital budget has been approved by Owner. 16.Obtain and maintain the insurance to be provided by Operator under Article 10 of this Agreement and perform such other obligations with respect to the insurance as set forth in Article 10. 17.Pay all taxes,charges and assessments for the Facility and all income,payroll,unemployment,sales,use, excise,import duty,and gross receipt tax and corporate and professional business and fees incurred in or resulting from the performing of the Services. 18.Initiate and maintain reasonable security precautions and programs to protect against vandalism,theft,or other similar actions.; 19.Initiate and maintain reasonable safety precautions and programs necessary to comply with all applicable safety laws and other safety requirements to prevent injury to persons or damage to property on,about,or adjacent to the Site. 20.Erect and maintain safeguards reasonably necessary for the protection of workers and the public and use reasonable efforts to eliminate or abate safety hazards created or otherwise resulting from the performance of the Services. 21.Oversee and supervise any subcontractors or agents retained by Operator in the performance of the Services. 22.Operate and maintain the Facility in accordance with the terms of this Agreement and the operating and maintenance manuals for the Facility,including making all necessary repairs. 23.Maintain an inventoryof Spare Parts. 24.Perform those ordinary and routine operations and 25 maintenance obligations relating to the Field undertaken by Owner pursuant to Section of the Fluid Sales Agreement,provided that such services shall not include any work which requires the removal of wellhead equipment or entering into any wells. 25.Perform all other Services as may be necessary of appropriate in connection with the full and proper operation and maintenance of the Facility. 26 Exhibit C Reimbursable Direct Expenses The following costs and expenses incurred by Operator shall be reimbursable by Owner as Cost of the Work,all in accordance with Section 6.1 of this Agreement. 1.Costs and related expenses reasonably incurred by Operator in the operation and maintenance of the Facility and inaccordancewithitsestablishedpersonnelpolicies,including salaries and wages of the personnel engaged in the performance of or in support of the Services,and allowances for vacation,sick leave,holiday,employee insurance and social and retirement benefits,all payroll taxes,premiums for public liability and property damage liability insurance,workers'compensation and employer's liability insurance,and all other insurance premiums measured by payroll costs,and other contributions and benefits imposed by any applicable law or regulation. 2.All other direct costs at cost reasonably incurred in the performance of the Services,including,but not limited to, such costs as: (i)costs incurred for travel and subsistence of personnel engaged in performance of the Services; (ii)costs of all materials,supplies,equipment, temporary facilities and hand tools not owned by the workers,used or consumed in the performance of the Services and remaining the property of Operator; (iii)costs of all materials,supplies,and equipment incorporated and utilized in the Facility; (iv)reproduction costs and the cost of computer time, including related operator time,and use of standard programs at standard rates (all other computer programming or outside computer related services to be provided at actual cost); (v)minor expenses such as telegrams,long distance telephone calls,telephone service,and similar petty cash items; (vi)rental of office space,as may be necessary; (vii)sales,use or similar taxes related to the Facility of the performance of the obligations 27 hereunder imposed by any governmental authority; (viii)losses and expenses,not compensated by insurance or otherwise,incurred by Operator in connection with the performance of the Services hereunder,provided,however,Owner shall bear no obligation to reimburse Operator for losses and expenses resulting from the negligence or misconduct of Operator;and (ix)any and all other direct costs and expenses not specifically set forth herein incurred incidental to the performance of the Services. 28 EXHIBIT D G &A EXPENSES The following costs and expenses incurred by Operator shall be reimbursed by Owner as G &A expenses,all in accordance with Section 6.2 of this Agreement. 1.Payroll costs and other compensation of Operator's officers, executives,principals (of Operator and it's Affiliates),general managers,engineers,architects,estimators,lawyers,auditors, accountants,purchasing and contracting agents,expediters, timekeepers,clerks and other personnel employed by Operator in its principal office for general administration of the Work and not specifically included in the agreed upon schedule of job classifications referred to in Reimburseable Expenses,all of which are to be included in Cost of the Work. 2.Expenses of Operator's principal office. 3.Any part of Operator's capital expenses,including interest on Operator's capital employed for the Work. 4.Other overhead or general expense costs of any kind and the costs of any item not included herein. F:\USERS\BUOY\PAULA\PALL158 AGM 29 eseivae uve vuvy VIMaAL CUE BY 35 eee.Wyuulsuuad Power Corporation FACSIMILE COVER PAGE SENT TO:BE.vA MESSAGE #(BLY ATTENTION:FAX NUMBER:707 5G /-§2 $Y DATE:[l-19-9)FROM:(4 FILE.NUMBER:ce:NUMBER OF FAGES (INCLUDING COVER SHEET):af J?YOU HAVE DIFFICULTY RECEIVING THIS FAX,PLEASE CALL (702)355-5666 AND ASK FOR: =- 610 East Glendale Avenue +Sparks,Nevada 89431 «(702)355-5666 Facsimile (702)355-5656 kas bore Leivi EFIUS ID 9090 urmat Knergy Sys oo02/004 MEMORANDUM TO:DISTRIBUTION FM:Dan Schochet DT:November 19,1991 RE:i ;RT SHES SS EEESS SESEFEEOSCESSESESESSEE SEF SEFFFEESSESE SS HES OSEOESEE440 5055550 FE8SE FETED Attached is an outline of the Construction Manager's Report for the "Official Statement"for the Unalaska financing. I propose that we review the outline and jointly agree on the content required.A draft of the report willthenbeissuedwiththeProjectDevelopmentPlan(currently scheduled for release on December 6,1991.) DNS/Iks DISTRIBUTION Brent Petrie Alaska Energy Authority ce:Pat MacAllister LFC Power Systems Eric Wohlforth,Esq. Wohlforth,Argetsinger,Johnson &Brecht Jim Seagraves John Nuveen &Co.,Inc. Roe Sturgulewski City of Unalaska Lew Greenbaum,Esq. Katten Muchin &Zavis Ray Benish R.W.Beck &Associates,Inc. Brooks Chandler,Esq. Hicks,Boyd,Chandler &Falconer Dori Brewer Perkins Coie LAS RBSBL LZiuo TYIVUEZ 59d 0696 Urmat Energy Sys 1003/7004 UNALASKA GEOTHERMAL PROJECT OUTLINE OF ENGINEERING,PROCUREMENT AND CONSTRUCTION MANAGER'S REPORT The report,in the form of a letter from OESI Power Corporation ("OESI")(or its LFC Power SystemsCorporationsubsidiary("LFC"))to the Board of Directors of the Alaska Energy Authority ("AEA”)willprovideasummaryoftheDevelopmentPlanfortheProjectwithemphasisonengineeringanddesign aspects of the construction activities,as follows: 1.ExperienceandQualifications This section will describe the combined experience and qualifications of the OESI/LFC team. 2.ScopeofEngagement This will describe the scope of the contractual arrangement between AEA and OESI. 3.Project Description This will be comprised of a description of the Froject,with the following features described in text form with simplified schematic diagrams or maps,where applicable. a,Conceptual Design and Process Descriptions. 1.Unalaska geothermal resource characteristics. ii.Geothermal Field development plan including production and injection of fluids. iii.Energy conversion cycle and resource utilization. iv,Project process and electrical production parameters. b.Geotechnical and Seismic Considerations. i.Geotechnical studies and considerations. ii.Seismic considerations including table listing concerns,criteria,evaluations and conclusions. Cc.Power Plant site,roads,pipelines and dock. d.Power Plant generation equipment. é.Buildings and structures. 37621M.1 November 19,1991 a a er eatve vuv vvVe ural Bnuergy sys y004/004 f.Auxiliary systems. g.Transmission line,substations and switchgear.&Operation and maintenance provisions. 4.i icen Appr This will contain a listing of all permits,licenses and approvals which are required for the construction and operation of the Project ,the dates of approval or when expected. S.EngineeringandDesignProgram This will consist of a description of the Design and Engineering program along with a list ofengineeringanddesignactivities,with the service contractors selected for specific assignments or the criteria for selection if these contractors have not yet been selected.In addition,theschedulefortheseactivitieswillbepresentedintabularform. 6.Project Cost and Schedule Control This will be a description of the resources utilized for Project cost and schedule control,along with a description of the techniques to be used.(A detailed and updated Project Schedule is to be submitted to support the Construction Agreement between AEA and OESI.) 7.Construction Program This will be a description of the Construction Program,including: a.A list of major equipment and services to be procured,along with the cost to AEA fortheselineitems. b.A description of each of the major subcontract elements,along with the name of the subcontractor,if selected,or the criteria for selection. C.OEST's Construction Budget as line item costs to AEA,by major categories,indicating the buildup to the total value of the Construction Contract. 8,neipal A ij This will contain a list of the principal assumptions which OESI has made with respect to OESI's activities as the Engineering Procurement and Construction Manager and the successful completion of the Project's construction activities. 9.OpinionandConclusion This will be OESI's opinions with regard to the adequacy of the design,the selection of the major components and the reasonableness of the construction costs and schedule. 37621M.2 November 19,1991 1 ror res PANAFAX TRANSMISSION COVER SHEET PLEASE DELIVER TO:Oren Rete.PLLdakC7:C0TRANSMITTED FROM:Jim SEAGRAVES JOHN NuVEEN &Co.INCORPORATED SEATTLE,WASHINGTON NUMBER OF PAGES,INCLUDING COVER SHEET;an DaTE: TIME: IF THERE ARE ANY PROBLEMS WITH TRANSMISSION,PLEASECALL; Sanoy aT (206)587-0959 wy tet bw aur.reo VU NUVECIY &LUTSEH!ILE 1u AEA P.02 ALASKA ENERGY AUTHORITY Unalaska Geothermal Project Financing Team November 4,1991 AGENDA 9:00 am Introduction Petrie 9:10 am Agenda Petrie 9:20 am Project Status Update Schochet 10:00 am Consulting Engineer's Report Peterson 10:30 am Geothermal Engineer's Report Sanyal 11:00 am Construction Contract Petrie/Schochet 11:30 am Fluid Sales Contract Petrie/Schochet 12:00 pm Lunch 1:00 pm Power Sales Agreement Klinkner 2:30 pm Customer Sales Agreements Chandler/Klinkner 3:00 pm Trust Indenture Klinkner 4:00 pm Preliminary Official Statement Seagraves 4:30 pm Financing Schedule Petrie UNAK114.AGD 7 =""TOTAL P.@2 TO: RE: MEMORANDUM RECEIVEDDISTRIBUTION DEC 09 1991 ALASKA ENERGY AUTHORITY Dan Schochet December 6,1991 UNALASKA_DEVELOPMENT PLAN SECTESKTESESSSSESSESESSESSESSESESESSESSESSSESSSHSSERSESSSESESKESESKSSESSESSESKEKSTESKESKESKESEKKEREESESEES Enclosed herewith is a copy of the Draft Unalaska Geothermal Project Development Plan. This Plan is presented in three volumes,as follows: 1.Volume A -Project Development This covers Items III.A.1,2,3,4,5 and 7 of the letter dated September 27,1991. 2.Volume B -Project Economics This covers items 6 and 7 of the letter dated September 27,1991. 3.Volume C -Consultant's Reports These are the backup reports from OESI's technical consultants,prepared in connection with Volume A. DISTRIBUTION /Brent Petrie Roe Sturgulewski Alaska Energy Authority City of Unalaska Eric Wohlforth,Esq.Ray Benish Wohlforth,Argetsinger,Johnson &Brecht R.W.Beck &Associates,Inc. Jim Seagraves Brooks Chandler,Esq. John Nuveen &Co.,Inc.Hicks,Boyd,Chandler &Falconer Lew Greenbaum,Esq.Dori Brewer Katten Muchin &Zavis Perkins Coie Richard Johannsen,Esq.Dr.Subir Sanyal Perkins Coie GeothermEx,Inc. Alaska fnergy Authority |42.016 Sornorarsr TEUECOPY (ANCHORAGE Telecopy Phone No.(907)5361-8884) (JUNBEAY Telecepy Phone No.(907)468-3767) TELECCPY SENT TO:Sree S =Gre LAS LF ce.Ca rc.NAME OF COMPANY: COMPANY ADORESS: bales OF LAS Ee oe. TELECOPY PHONE NUMBER:SO2-£PF o27rr SENDER:Bocew rt étenc. TELEPHONG tumperns =32GC\-F272 FO CHARGE CODE:| NUMBER OF PAGES SEW¥:ie INCLUDING THIS COVER PAGE CATE Sant:.2fes/a Tr YOU O88 BST RECEIVE ALL OF THIS TEL ECOPY PLEASE CALL?Ananherage:t $3333 861-7877307)465-3675Jeanne3SPECIALINSTRUCTIONS:bls oe SHLAA ede For \AS&a-"a-Tove Fe tomy LAtce CANP CATERING.>ryes=AA ASE BED Ld atte LP ae SO GAA LTTE eS i.wos, mP FO.bee 190609 8 6764 Gat Nucor=OO Sew AN sun@cu,Alice 09844 (907)4066-3578ReetAncharceeAlice 99619-0408 (907)omer” TRANSMISSION REPORT THIS DOCUMENT (REDUCED SAMPLE ABOVE) WAS SENT *e COUNT *& #5 week SEND kx NO REMOTE STATION If.D.START TIME DURATION #PAGES COMMENT 1 5036970288 12-20-91 12:57 2'48"5 TOTAL 0:02°48”"5 XEROX TELECOPIER 7020 Alaska Energy Authority "3 ere terete!more Vaeeersr of TELECOPY "(ANCHORAGE Telecopy Phone No.(907)561-8584) (JUNEAU Telecopy Phone No.(907)465-3767) TELECOPY SENT TO:G REG Ke FKIAS NAME OF COMPANY:LEC Coco. COMPANY AOORESS: hale Osweea OR, ws) TELECOPY PHONE NUMBER:503-47 F-6278 SENDER:Rew -thee TELEPHONE NUMBER:G\-fTZ24+OC -CHARGE CODE: NUMBER OF PAGES SENT:S __INCLUDING THIS COVER PAGE DATE SENT:\2/20/2| IF YOU 60 NOT RECEIVE ALL OF THIS TELECOPY PLEASE CALL: Anchorage:(907)561-7877Juneau:(907)465-3575 SPECIAL INSTRUCTIONS:'ST of LAN Hoses Form \AS8 Bio For "BeADLBy LAKE CAmMme CATERING. MTSE MARKED Wierd A Kcr ee SOBMATTED Bibs, =PO.Bex AM Juneau,Alaska 99814 (907)465-3575_$B PO Box 190869 704 East Tudor Road _AnchorageAlaska99819-0869 (907)561-7877 --2073/841/1 - BRADLEY LAKE HYDROELECTRIC PROJECT INVITATION TO BID APA-88-R-003 PLANHOLDER LIST CAMP FACILITIES,CATERING &SUPPORT SERVICES ASRCITT Arctic Slope Consulting Engineers 313 E.St.,Suite 2 Anchorage,AK 99501 Alaska Breakfast Club 1440 £.Tudor Rd. Anchorage,AK 99507 Alaska Business Development Center,Inc. 143 East Ninth Avenue Suite 250 Anchorage,AK 99501 Alaska Industrial Resources 9024 Vanguard Drive Suite 101 Anchorage,AK 99507 Arctic Camps &Equipment P.O.Box 102142 Anchorage,AK 99510 Arctic Catering,Inc. P.O.Box 220529 Anchorage,AK 99522 Associated General Contractors 4041 B Street P.0.Box 240609 Anchorage,AK 99524-0609 Associated General Contractors 1416 Gillam Way P.0.Box 600005 Fairbanks,AK 99706 H.D.Mullis (907)349-2369 Dennis Miranda (907)562-0322 Hal Davis (907)279-7427 Wanda J.Gudin (907)344-1565 Bob Thoma (907)562-2425 David Maranucci (907)243-5745 (907)562-7526 (Daviead A/19/2Q22\ Associated General Contractors 35196 Kalifornsky Beach Road P.O.Box 350 Soldotna,AK 99669 Big Boy Facilities,Inc. 331 E.87th Avenue Anchorage,AK 99515 Boatel Alaska,Inc P.O.Box 190569 Anchorage,AK 99519-0569 Brown &Root 6900 Arctic Boulevard Anchorage,AK 99518-3468 Cascade Leasing,Inc. P.0.Box 190368 Anchorage,AK 99519-0368 Diversified Housing,Inc. 200 West 34th Avenue Suite 432 Anchorage,AK 99503-2836 Global Services,Inc. 1601 East 84th,Suite 204 Anchorage,AK 99507-3105 Frank Moolin &Associates 550 W.7th P.O.Box 7044 Anchorage,AK 99510-7044 Hays Electric,Inc. P.0.Box 609 Soldotna,AK 99669 Homer Public Library 141 Pioneer Avenue Homer,AK 99603 COT SLBA 2 TE eats Richard Huch Sheila Guarderas (907)522-1300 Nick Gutheim (907)562-5255 William Barry Perkins (907)267-7130 Pamela S.Billings(907)248-0470 (907)248-1500 Dick Ward (907)272-6686 Cynthia Haley (907)349-3342 Joe Perkins William R.Turner (907)263-1515 Bill Hays (907)262-4506 -2073/841/3-__ee. Houston Contracting Company-Alaska P.O.Box 190503 Anchorage,AK 99519-0503 International Catering Enterprises,Inc. DBA Universal Services Box 100859 Anchorage,AK 99510 International Superior Services,Inc. 5401 Cordova,Unit 305 Anchorage,AK 99518 K &K Recycling,Inc P.0.Box 10687 Fairbanks,AK 99710 Kenai Community Library 163 Main Street Loop Kenai,AK 99611 NANA/Marriot 4706 Harding Drive Anchorage,AK 99517 Neal &Company,Inc. 2396 Kachemak Drive Homer,AK 99603 Newbery Alaska,Inc. 6148 Nielson WayAnchorage,AK 99518-1709 North Pacific Service Company P.0.Box 3793 Bellevue,WA 98009 Pacific Tradewinds Corp. 1008 Potlatch Circle Anchorage,AK 99503 (Nawinad AII9/00\ Jim Beasley (907)563-3419 John DeVisser (907)561-1300 Louis K.Hebert (907)563-3025 Bernie Karl (907)488-1409 Tom Dow (907)248-3030 Claudia Child (907)235-8141 Mike Gearhart (907)561-4853 Betty Boone(206)325-9632 Bill Webb (907)563-2226 Peak Oilfield Service Co. 4300 B Street,Suite 603 Anchorage,AK 99503 Peratrovich,Nottingham &Drage 1506 W.36th Anchorage,AK 99503 Piqunig Management Corp. 6613 Brayton Dr. Anchorage,AK 99507 Plans Room, 219 E.International Airport Rd. Anchorage,AK 99518 Plans Room 3400 International Way Fairbanks,AK 99701 Q-1 Service 1230 W.International Airport Rd. Anchorage,AK 99518-1010 Ray -Gon 1243 Crescent Anchorage,AK 99503 Statewide Services 3605 Arctic Blvd.,Suite 222 Anchorage,AK 99503 VECO,Inc. 5151 Fairbanks Anchorage,AK 99503 Yenney &Associates P.O.Box 2967 Homer,AK 99603 Aleution Construcfors oV. P.O.Box 292%Seattle,wt FP12Y Mike O'Connor (907)561-3200 Roy Peratrovich (907)561-1011 Tom Scanlon (907)522-5234 Chuck Kim (907)562-4468 Macheras Kostas (907)276-2804 Rick Morlock (907)272-5181 Val Molyneaux 561-1701 Fred W.Yenney (907)235-8270 2073/841/4-----a @eeM EMMYS ALASKA ENERGY AUTHORITY UNALASKA GEOTHERMAL PROJECT Bond Sizing Analysis (Dollars inThousands) CAPITAL COST DATA/PARAMETERS Construction Cost 55,400 Cost of Capital Drilling,Field Development,etc.9,599 Reinvestment Rate Fluid Fee Advancement 7,200 Coat of Issuance Other Costs Total Development Costs Initial Studies (w/o financing costs)72,199 R&C Fund Requirement Working Capital OESI Equity 9,599 Bond Funded DSR AEA Loan Debt Amortization Period Financed Amount 62,600 AEA Loan:Princigpal Amount Interest Rate Reinvestment Rate OPERATING COST DATA O&M Fee 1,700 Base Year of General and Administrative 135 Operating Costs Property Taxes 0 Insurnace 150 Annual Escalation Factors: Well Reserve Fund Deposit 250 General Fluid Fee: Years 1-5 4.80 Years 6-11 5.70 Years 12 and thereafter 8.37 Fluid Fee Credit: Years 1-5 2.67 Years 6-11 1.33 Years 12 and thereafter 0.00 7.50% 6.50% 2.50%of bonds 0 400 3,000 3,000 0%of bonds 28 years 6,722 6.50% 6.50% 1994 4.50% CONSTRUCTION PERIOD SUMMARY CASH FLOW END-OF-PERIOD BALANCES Project Construction Capitalized Construction Cap Int Interest Year Month (excluding field development)Interest Fund Fund DSR WC/RC Earnings (%)($000) 1992 Jan 0%0 Feb 0%0 Mar 0%0 57,785 11,670 0 6,000 Apr 3%1,662 56,495 11,670 0 6,000 372 May 3%1,662 55,197 11,670 0 6,000 365 Jun 6%3,324 1,459 52,227 10,211 0 6,000 353 Jul 6%3,324 49,232 10,211 0 6,000 329 Aug 1%3,878 45,665 10,211 0 6,000 311 Sep 1%3,878 .42,079 10,211 0 6,000 292 Oct 3%1,662 40,696 10,211 0 6,000 279 Nov 2%1,108 39,861 10,211 0 6,000 273 Dec 2%1,108 2,918 39,021 7,294 0 6,000 268 1993 Jan 2%1,108 38,161 7,294 0 6,000 248 Feb 4%2,216 36,185 7,294 0 6,000 240 Mar 6%3,324 33,088 7,294 0 6,000 227 Apr 3%1,662 31,640 7,294 0 6,000 214 May 4%2,216 29,629 7,294 0 6,000 205 Jun 7%3,878 2,918 25,940 4,376 0 6,000 189 Jul 8%4,432 21,661 4,376 0 6,000 152 Aug 8%4,432 17,358 4,376 0 6,000 129 Sep 5%2,770 14,698 4,376 0 6,000 110 Oct 5%2,770 12,024 4,376 0 6,000 96 Nov 4%2,216 9,891 4,376 0 6,000 83 Dec 5%2,770 2,918 7,190 1,459 0 6,000 70 1994 Jan 0%7,200 18 1,459 0 6,000 27 Feb 0%0 26 1,459 0 6,000 8 Mar 0%0 1,459 34 0 0 6,000 8 100%62,600 11,670 4,849 SOURCES: USES: SOURCES AND USES OF FUNDS Bonds OESI Equity Interest Earnings Total Sources Construction: Project Site Development Advanced Fluid Fee Cost of Issuance Initial Studies Capitalized Interest DSR R&C/WC Funds Rounding Total Uses 77,800 9,599 4,849 92,248 92,248 ALASKA ENERGY AUTHORITY UNALASKA GEOTHERMAL PROJECT Annual Costs of Power (Dollars in Thousands) 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 Total Revenues 8,358 10,029 10,131 10,237 10,337 12,154 12,274 12,387 12,519 12,656 12,810 Expenses Operations and Maintenance:1,700 1,777 1,856 1,940 2,027 2,119 2,214 2,313 2,418 2,526 2,640 Insurance 150 157 164 171 179 187 195 204 213 223 233 Administrative and General 135 141 147 154 161 168 176 184 192 201 210 Property Taxes 0 0 0 0 0 0 0 0 0 0 0 Fluid Fee 3,600 3,600 3,600 3,600 3,600 4,275 4,275 4,275 4,275 4,275 4,275 Fluid Fee Credit (2,000)(2,000)(2,000)(2,000)(2,000)(1,000)(1,000)(1,000)(1,000)(1,000)(1,000) Total Expenses 3,585 3,674 3,767 3,865 3,967 5,749 5,860 5,977 6,098 6,225 6,358 Net Operating Funds 4,774 6,355 6,363 6,372 6,370 6,405 6,414 6,410 6,421 6,431 6,452 Other Income: DSR Interest Earnings 655 874 874 874 874 874 874 874 874 874 874 Oper.Reserve Interest Income 146 195 195 195 195 195 195 195 195 195 195 R&R Fund Interest Earnings 147 197 189 180 182 172 164 167 157 146 150 Prior Year's Surplus Revenues 0 i!)0 Q it]0 it]0 0 0 Q Total Funds Available for Debt Service 5,722 7,621 |7,621 7,621 7,621 7,646 7,646 7,646 7,646 7,646 7,671 Annual Debt Service 5,042 6,722 )6,722 6,722 6,722 6,722 6,722 6,722 6,722 6,722 ,6,722 Funds Available for Other Costs 680 899 899 899 899 924 924 924 924 924 949 Other Costs: Deposit to Operating Reserve Fund 0 0 0 0 0 0 0 0 0 0 0 Deposit to R &R Fund ,25 25 25 25 25 50 50 50 50 50 75 DSR Loan Payment §55 874 874 874 874 874 874 874 874 874 874 Surplus Revenues 0 0 0 0 0 0 0 0 0 0 0 Revenues from Sales (cents/kWh)11.1 13.4 13.5 13.6 13.8 16.2 16.4 16.5 16.7 16.9 17.1 City Costs 15 16 16 Li 18 19 2.0 2.0 21 22 2.3 Delivered Costs:(cents/kWh) Nominal 12.6 14.9 15.1 15.4 15.6 18.1 18.3 18.6 18.8 19.1 19.4 1991 Price Levels ; 11.1 12.5 12.2 11.8 11.4 12.7 12.3 11.9 11.6 11.3 11.0 Debt Service Coverage Ratio 1.13 1.13 1.13 1.13 1.13 1.14 1.14 1.14 1.14 1.14 1.14 Energy Sales at Delivery Point 75,000 75,000 75,000 75,000 75,000 75,000 75,000 75,000 75,000 75,000 75,000 75,000 2006 16,118 2,883 254 75,000 2007 16,265 3,013 266 75,000 2008 16,436 3,148 278 75,000 6,278 Q 10,119 6,521 874 195 107 9 7,696 6,722 ALASKA ENERGY AUTHORITY UNALASKA GEOTHERMAL PROJECT Reserve Fund Interest Earnings (Dollars in Thousands) 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 Operating Reserve Fund Beginning of Period Balance 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 Annual Deposit 0 0 0 0 0 0 0 0 0 0 0 0 0 Interest Earnings 146 195 195 195 195 195 195 195 195 195 195 195 195 Annual Withdrawal (146)(195)(95)(195)(195)(195)(195)(195)(195)(195)(195)(195)(195) End of Period Balance 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 Debt Service Reserve Fund Beginning of Period Balance 13,445 13,445 13,445 13,445 13,445 13,445 13,445 13,445 13,445 13,445 13,445 13,445 13,445 Annual Deposit 0 0 0 0 0 0 0 0 0 0 0 0 0 Interest Earnings 655 874 874 874 874 874 874 874 874 874 874 874 874 Annual Withdrawal (655)(874)(874)(874)(874)(874)(874)(874)(874)(874)(874)(874)(874) End of Period Balance 13,445 13,445 13,445 13,445 13,445 13,445 13,445 13,445 13,445 13,445 13,445 13,445 13,445 Renewal and Replacement Fund Beginning of Period Balance 3,000 3,025 3,050 2,760 2,785 2,810 2,495 2,545 2,595 2,223 2,273 2,348 1,934 Annual Deposit 25 25 25 25 25 50 50 50 50 50 75 75 75Renewal(15)(365)(422)(489) Interest Earnings 147 197 189 180 182 172 164 167 157 146 150 139 128 Annual Withdrawal (147)(197)(189)(180)(182)(172)(164)(167)(157)(146)(150)(139)(128) End of Period Balance 3,025 3,050 2,760 2,785 2,810 2,495 2,545 2,595 2,223 2,273 2,348 1,934 2,009 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 3,000 3,000 3,000 3,000 0 0 0 0 195 195 195 195 (195)(195)(195)(195)3,000 3,000 3,000 3,000 0 0 0 0 874 874 874 874 . (874)(874)(874)(874) 2,009 2,084 1,593 1,693 1,793 1,238 1,338 1,438 830 980 1,130 402 552 702 (14) 75 75 100 100 100 100 100 150 150 150 150 150 150 300 300 (566)(655)(758)(878)(1,016) 133 120 107 113 99 84 90 4 59 69 50 31 41 22 (133)(120)(107)(113)(99)(84)(90)(74)(59)(69)(50)G1)(41)(22) 2,084 1,593 1,693 1,793 1,238 1,338 1,438 830 980 1,130 402 552 702 (14)286 2022 2023 286 586 300 300 (1,176) 28 10 (28)(10) 586 (290) Total Revenues Expenses Operations and Maintenance: Insurance Administrative and General Property Taxes Fluid Fee Fluid Fee Credit Total Expenses Net Operating Funds Other Income: DSR Interest Earnings Oper.Reserve Interest Income R&R Fund Interest Earnings Prior Year's Surplus Revenues Total Funds Available for Debt Service Annual Debt Service Funds Available for Other Costs Other Costs: Deposit to Operating Reserve Fund Deposit to R &R Fund DSR Loan Payment Surplus Revenues Revenues from Sales (cents/kWh) City Costs Delivered Costs:(cents/kWh) Nominal 1991 Price Levels Debt Service Coverage Ratio Energy Sales at Delivery Point ALASKA ENERGY AUTHORITY UNALASKA GEOTHERMAL PROJECT Annual Costs of Power (Dollars in Thousands) 1994 1995 1996 1997 1998 1999 8,412 9,390 10,609 +=--10,400 =:10,500.-12,292 1,700 1,777 1,856 1,940 2,027 2,119 150 157 164 171 179 187 135 141 147 154 161 168 0 0 0 0 0 0 3,600 3,600 3,600 3,600 3,600 4,275 (2,000)(2,000)(2,000)2,000)2,000)_-(1,000) 3,585 3,674 3,767 3,865 3,967 5,749 4,827 5,716 6,842 6,535 6,533 6,543 569 759 759 759 759 759 146 195 195 195 195 195 147 197 189 180 182 172 )9 967 1,282 1,282 1,282 5,689 7,586 SST 8,951 8,951 8,951 (£376 ($835 >\6885 )6,885 6,885 6,885 1,313 1,751 2,066 2,066 2,066 2,066 0 0 0 0 0 0 25 25 25 25 25 50 569 759 159 29 759 159 719 967 1,282 1,282 1,282 1,257 11.2 12.5 14.1 13.9 14.0 16.4 Ls 16 16 17 18 19 12.7 14.1 15.8 15.6 15.8 18.3 1.1 11.8 12.7 12.0 11.6 12.8 1.30 1.30 1.30 1.30 1.30 1.30 75,000 75,000 +=--75,000 «75,000»75,000 75,000 2000 2001 2002 2003 12,437 12,550 12,682 12,819 2,214 2,313 2,418 2,526 195 204 213 223 176 184 192 201 0 0 0 0 4,275 4,275 4,275 4,275 (1,000)(1,000)1,000)(1,000) 5,860 5,977 6,098 6,225 6,576 6,573 6,584 6,594 759 759 759 759 195 195 195 195 164 167 157 146 1,257 1,257 1,257 1,257 8,951 8,951 8,951 8,951 6,885 6,885 6,885 6,885 2,066 2,066 2,066 2,066 0 0 0 0 50 50 50 50 159 159 159 159 1,257 1,257 1,257 1,257 16.6 16.7 16.9 17.1 18.5 18.8 19.0 19.3 12.5 12.1 11.7 11.4 1.30 1.30 1.30 1.30 75,000 75,000 75,000 75,000 75,000 6 120 Coverage Rare (Njeneti Oncy L9G4,(995 75,000 2006 16,281 2,883 254 75,000 75,000 75,000 6,278 Q 10,119 6,658 759 195 107 1,232 8,951 §,885 75,000 6,278 9 10,292 6,677 759 195 113 1,207 8,951 6,885 75,000 UNALASKA RISK ALLOCATION ANALYSIS Parties --OESI AEA City Bondholder (B) Industrial Purchasers (IP) Residential Purchasers (RP) AMOR 10 Makushin (M) Alaska Geothermal Power System (GPS) Risk Circumstances 1)Dry Hole Construction started and abandoned Construction started but permits not received,construction completed but is technical failure. 2)Damp Hole Completed but is technical failure. <88 MW 3)Wet Hole Decreasing Construction successfully completed to Damp Hole but useful life of project turns out <88 MW to be less than 30 years of output at expected MW levels. 4)Wet Hole becoming damp or dry due to: Earthquake Design Defect Construction Defect Operational Error Non-Earthquake CasualtyQBWN ANALYSIS --1 Parties Bearing Risk AEA/OESI/B/AMOR 10 AEA/OESI/B/AMOR 10 City/IP/RP/AEA/B/M City/IP/RP/AEA/B/OESI/M Risk 5)Reduced Demand from IPs. 6)Reduced Demand from RPs. 7)Construction cost Overruns 8)Operational cost Overruns ANALYSIS --2 Circumstances Diminished fisheries resource, diminished allocation to shore-based processors,diminished demand for product,unrelated corporate financial problems. Decrease in residents due to economic conditions. Decrease in electric use due to economic conditions or price charged for power. Unanticipated subsurface conditions, improper cost estimate preparation, changes in design. Inefficient management decisions, deficient operational cost estimates, unexpected increases in labor/materials costs. Parties Bearing Risk IP/City/RP/AEA/M/B City/RP/IP/AEA/M/B AMOR 10/OESI/AEA/City/IP/RP City/RP/IP MEMORANDUM RECEIVED TO:Brent Petrie,Director of Agency OperationsAlaskaEnergyauthority|2 NOV 12 1991 FROM:Roe Sturgulewski,Direct Of Public Works City of Unalaska ALASKA ENERGY AUTHORITY REF:Makushin Geothermal Status Report and Structure Memo Comments DATE:November 8,1991 This provides comments from the Public Works Department on the documentation provided at the November 5,1991 meeting. Status Report Dated November 4,1991 As discussed I will recommend to the City Council that they not execute any PSA until after receipt of the final R.W.Beck and Geothermax bond opinions.The new schedule which incorporates the processor PSA's,indicates execution will not occur until 9 months after the City/AEA Agreement.Binding commitments from the processors should be in hand prior to the City/AEA Contract being executed, General Structure Memo Comments From review of the structure documents it appears evident that a general intent of Ormat has been to shed as much risk as possible to others.It will be important for our attorneys to determine what effect the subsidiary companies have with respect to corporate shell risk. Construction Agreement lc -Dry hole risk becomes city's after 25 day performance test. ld -Fixed price appears like it would have an open addition for any permit associated requirements not anticipated at document execution. le(vii)-The effect of this is to agree to a lump sum price 2 -3 months before receipt of a report from R.W.Beck that costs are reasonable, 2c(i)-Quality standards have to be agreed for in advance and the requirements for OESI to comply with them must be included. 2£-Ormat should provide a warranty in excess of a year for their production units. 5f£-Liquidated damages should be tied to true costs. O&M Agreement lb(i)-My understanding was the fluid line to the plant was to beOrmats.Why not have them assume ownership (and any potential environmental liability). 2c -Components of the mobilization fee should be clearly defined to avoid shifting of construction costs. 3a -Has snow moving equipment been budgeted?What maintenance equipment will be turned over to AEA at conclusion of the operating agreement. 3a(iv)+(v)-Additional risk shedding has occurred regarding repair of the transmission line.Where is repair budgeted? 3b -Costs don't align with spreadsheet.The payment scheme is complex enough that it would warrant a schedule of all the components having funding requirements. Fluid Fee Agreement 2c -How will this clause work with bondholders?A significant infrastructure investment would have been made at this point. 2e -Elaboration of this clause is critical to minimizing future project costs. 4a4 -Taxability of the project should be reviewed. 4a6 -OESI has stated that the modified royalty payment does not change the Ormat/Battle Mountain Agreement.The ratio of payments is not consistent however.A sensitivity analysis should be done to see how OESI benefits from the change. 4b -The clause "Energy Delivered For Sale"is in our interest and should be maintained.The energy point should be defined as the city bus. 4c OESI originally justified the high IRR on the project due to the degree of risk they assumed.The risk they have shed should result in a corresponding reduction in their IRR. 6£-This clause shifts permitting responsibility to AEA forconstruction.What liability does this create if there is an unforeseen permitting related fatal flaw. 6j -Attorneys need to review transfer to affiliates without consent. Contact me if you have any questions. cc:Polly Prchal,City Manager Brooks Chandler,Hicks,Boyd,Chandler &Falconer COWal Gan.