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Home My WebLink About2020-06-24 AEA Agenda and docs 813 West Northern Lights Boulevard Anchorage, Alaska 99503 T 907.771.3000 Toll Free 888.300.8534 F 907.771.3044 REDUCING THE COST OF ENERGY IN ALASKA AKENERGYAUTHORITY.ORG RGYAUTHORITY.ORG Alaska Energy Authority Board Meeting 8:30 a.m. Wednesday, June 24, 2020 AGENDA Dial 1 (888) 585-9008 and enter code 464-135-244#. Public comment guidelines are below. 1. CALL TO ORDER 2. ROLL CALL BOARD MEMBERS 3. AGENDA APPROVAL 4. PRIOR MINUTES – April 15, 2020 and May 20, 2020 5. PUBLIC COMMENTS (2 minutes per person) see call in number above 6. NEW BUSINESS A. Power Project Fund Loan Resolution No. 2020-03 7. OLD BUSINESS A. West Fork Upper Battle Creek Construction Update 8. EXECUTIVE SESSION A. Confidential matters related to Bradley Lake and Soldotna Quartz Line (If needed) and Audit and Budget Subcommittee Update 9. DIRECTOR COMMENTS A. Bradley Lake Resolution No. 20-01 B. Alaska Cargo and Cold Storage Executive Summary C. COVID-19 Rural Travel Plan D. Denali Commission Update E. Power Cost Equalization Update F. Tuluksak Update G. AIDEA/AEA Org Chart H. Akhiok Powerhouse Update and Open House I. Snettisham Update (Verbal) J. Community Outreach Schedule K. Power Project Fund Dashboard and Loan Report L. Articles of Interest M. Next Regularly Scheduled AEA Board Meeting Wednesday, August 5, 2020 10. BOARD COMMENTS 11. ADJOURNMENT Alaska Energy Authority Page 2 of 2 Public Comment Guidelines Members of the public who wish to provide written comments, please email your comments to publiccomment@aidea.org by no later than 4 p.m. on Tuesday June 23, so they can be shared with board members prior to the June 24 meeting. On Wednesday, June 24 when you call in, you will enter the teleconference muted. After board roll call and agenda approval, we will ask callers to press *9 on their phones if they wish to make a public comment. This will initiate the hand-raising function. We will unmute callers individually in the order the calls were received. When an individual is unmuted, you will hear, “It is now your turn to speak.” Please identify yourself and make your public comments. 813 West Northern Lights Boulevard Anchorage, Alaska 99503 T 907.771.3000 Toll Free 888.300.8534 F 907.771.3044 REDUCING THE COST OF ENERGY IN ALASKA AKENERGYAUTHORITY.ORG RGYAUTHORITY.ORG MEMORANDUM TO: AEA Board of Directors THROUGH: Curtis W. Thayer, Executive Director FROM: T.W. Patch, Director Planning DATE: June 24, 2020 RE: Power Project Fund Regulation Allowing for Loan Modification At the present time the Alaska Energy Authority (AEA) accepts applications from individuals and businesses seeking loans to support or fully finance power projects (Alaska Statute 42.45.010). The Power Project Fund (PPF) enabling legislation establishes criteria which must be met to qualify a project for funding. Regulations dealing with the legislation are set out beginning at 3 AAC 106.100. The regulations set out that any PPF loan must bear interest set according to a statutorily established protocol. The regulations offer in an advisory comment that AEA may adjust the interest rate different from the statutorily calculated rate if it determines, based on information the applicant provides that a lower interest rate will allow a project to meet the criteria for financial feasibility establish elsewhere in regulation. (See attached highlighted text – Attachments 1 and 2) Because of economic duress brought on by the pandemic and the “shut-down” or the difficulty of diminished cash flow AEA has seen a number of requests for abatement of collection activity, requests for postponement of payments and a number of loan fund recipients have also asked if they could re-finance the outstanding balances which are in the category of currently performing loans to a lower interest rate. The argument is asserted that because of difficult economic conditions some projects that were economically feasible previously are marginal under current conditions. But, with a lowered interest rate on a loan balance they can once again be economically feasible. In reviewing provisions of law or regulation that address loan modifications in Alaska research has shown that AEA’s sister agency, The Alaska Industrial Development and Export Authority Alaska Energy Authority Page 2 of 2 (AIDEA) recently amended its regulations and established a program whereby borrowers can summarily modify their current and performing loans to a lower interest rate (See Attachment 3). AEA seeks permission from its Board of Directors to adopt a regulatory scheme similar to that adopted by AIDEA whereby it can modify currently performing loans to a lower interest rate. AEA is not exempted from the provisions of the Administrative Procedure Act so the process for adoption of its regulation will be more administratively burdensome and require more time for the administrative and public comment process before the regulation will be enrolled and approved by the Lieutenant Governor. Staff respectfully requests that the AEA Board of Directors approve this request to adopt a new regulation establishing a process whereby PPF loans may be modified. ALASKA ENERGY AUTHORITY RESOLUTION NO. 2020-03 RESOLUTION OF THE BOARD OF DIRECTORS OF THE ALASKA ENERGY AUTHORITY AUTHORISING THE AUTHORITY TO OPEN A REGULATIONS PROJECT TO ADD A PROCEDURE FOR MODIFYING THE INTEREST RATE OF POWER PROJECT FUND LOANS WHEREAS, The Alaska Energy Authority (the Authority) is empowered by law to administer the Power Project Fund and adopt regulations to establish the standards, criteria and procedures for making loans (AS 42.45.010), and WHEREAS, the Authority has adopted regulations for the administration of the fund (3 AAC 106.100– 3 AAC 106.159), and WHEREAS, the Authority has not adopted regulations that expressly address policies, procedures and requirements for the interest rate modifications of existing loans, and, WHEREAS, adopting regulations which establish the terms and conditions precedent to and necessary for the interest rate modification of existing power project loan funds will provide for opportunity for public comment and also make for enhanced clarity of process and fair and equal treatment of all borrowers, and WHEREAS, it is determined to be in the best interest of the Authority to take all steps necessary to open a regulations project permitting the interest rate modification of a power project loan that is currently performing. NOW THEREFORE BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE ALASKA ENERGY AUTHORITY AS FOLLOWS: Section 1. The Authority is hereby authorized to begin a regulations project to adopt a regulation that establishes procedures to modify interest rates on presently outstanding and currently performing power project fund loans. Staff of the Authority is directed to hold public meetings consistent with this resolution pursuant to the Administrative Procedure Act (AS 44.62). Section 2. The Executive Director of the Authority is hereby authorized and directed to undertake the steps necessary to carry out the foregoing. Dated at ANCHORAGE, ALASKA on this _____ day of _________ 2020. ______________________________________ Dana Pruhs, Board Chairman ______________________________________ Secretary CORPORATE SEAL Register _______, ______2020 COMMERCE, COMMUNITY, AND EC. DEV. 3 AAC 106.xxx is added to read: 3 AAC 106.xxx. Modification of Interest Rate. (a) The authority will, in its discretion, approve a modification of the interest rate on a loan under 3 AAC 106.100 - 3 AAC 106.159 as follows: (1) effective upon the authority's approval of a written request for an interest rate modification from a borrower who has an outstanding loan, the Authority will (A) modify the interest rate as allowed in AS 42.45.010(f)(2); (2) the authority will, in its discretion, adjust the scheduled payment on the loan to reflect a change in interest rate in order to maintain the proper loan amortization; (3) upon authority approval of a modification described in (1)(A) of this subsection, the borrower must remit to the authority a one percent fee, calculated on the outstanding principal balance of the loan; (b) the borrower may request modification of the interest rate more than once during the term of the loan, subject to the remittance to the authority of a one percent fee calculated as described in (a)(3) for each such modification. (c) The authority may require the applicant to provide additional information in support of the request. (d) If the authority approves the modification, the authority may add the modification fee to the balance of the loan. 813 West Northern Lights Boulevard Anchorage, Alaska 99503 T 907.771.3000 Toll Free 888.300.8534 F 907.771.3044 REDUCING THE COST OF ENERGY IN ALASKA AKENERGYAUTHORITY.ORG RGYAUTHORITY.ORG AEA Board West Fork Upper Battle Creek Update June 24, 2020 EVENTS  Contractor has fused approximately 50 percent of total HDPE pipe along Upper Access.  Diversion spillway concrete poured.  Last MSE wall (at diversion) constructed.  Many smaller completion items for diversion and air vent valves along pipe. PROJECT SCHEDULE  Fusing and installation of pipe to be completed in June followed by testing and commissioning of electrical controls and equipment.  Contract substantial completion date July 22, 2020 and final completion date August 31, 2020 has not changed. BUDGET  Construction contract bid was $36.476 million.  Projected final $38.6 million. Alaska Energy Authority Page 2 of 3 Photo 1 – Diversion dam from downstream. Photo 2 – Diversion dam from upstream. Alaska Energy Authority Page 3 of 3 Photo 3 – Fusing pipe. 813 West Northern Lights Boulevard Anchorage, Alaska 99503 T 907.771.3000 Toll Free 888.300.8534 F 907.771.3044 REDUCING THE COST OF ENERGY IN ALASKA AKENERGYAUTHORITY.ORG RGYAUTHORITY.ORG Alaska Cargo and Cold Storage Executive Summary PROJECT OVERVIEW The Alaska Energy Authority (AEA) and Alaska Cargo and Cold Storage (ACCS) propose to construct a cargo storage and warehouse facility at the Ted Stevens Anchorage International Airport (ANC). Through this partnership, ACCS will develop a state-of-the-art facility that is exceptionally energy efficient by maximizing available renewable and energy efficient technologies. The facility will include administrative offices, temporary storage facilities, climate- controlled warehouse facilities, and vehicle parking. This project has cleared ANC’s public process and has an Advance Limited Right of Entry to complete geotechnical drilling and soil contamination testing. ACCS and ANC are currently negotiating a 55-year lease agreement with projected lease completion by early summer 2020. ACCS will be the first cargo transfer and cold storage facility developed at ANC that will be leasable by ANC’s major air cargo carriers, which are not big enough individually to support the development of a significant facility. While FedEx and UPS both operate cargo facilities for their exclusive use at ANC, UPS and FedEx aircraft combined account for only 22 percent of air cargo flown into Anchorage. AEA has applied for $25 million Better Utilizing Investments to Leverage Development, or BUILD, Grant to complete the $87.9 million Phase I of the ACCS facility, a state-of-the-art, ~190,000 square foot high-efficiency cold storage and climate-controlled air cargo transfer facility. This shovel-ready project will be the first phase of a ~715,000 square foot cargo transfer facility. Should BUILD funds be awarded, design and engineering would begin in fall 2020 with groundbreaking in winter/ spring 2021. The facility would be complete and operational by the summer of 2022. As a follow-on to Phase I, ACCS has a planned Phase II that is projected to include up to 525,000 square feet of quick cargo transfer and air cargo storage. Wide-body aircraft parking may be added to the project during Phase II but will depend on final building configuration and FAA line of sight requirements. In total, $25 million of BUILD Funds will help catalyze the development of a ~$220 million facility to serve as a cornerstone for ANC’s transformation into a leading global logistics hub. Further, ACCS enjoys broad support from ANC, the Municipality of Anchorage, the State of Alaska, Congressman Don Young, and Senators Lisa Murkowski and Dan Sullivan. Alaska Energy Authority Page 2 of 3 PROJECT PURPOSE The project’s purpose is to transform a challenging but optimally situated build site at ANC into an energy-efficient and technologically-advanced cold storage and cargo transfer facility. By partnering with the AEA for BUILD funding, ACCS will overcome high site development costs through the creation of a facility offering best-in-class energy efficiency through innovative design, engineering, and project delivery. PROJECT BENEFITS Jobs and Spending – Construction during Phase I will generate 830 jobs with $56.9 million in labor income and $147.6 million in total Alaska expenditures. Phase II is projected to generate an additional 1,245 jobs, $75.6 million in labor income, and $220.5 million in total Alaska expenditures. ACCS operations are expected to generate 115 jobs and $9.1 million in total labor income following the completion of Phase I; Phase II operations are expected to generate an additional 190 jobs and $15.5 million in total labor income. Improved Efficiency for Air Cargo Carriers Utilizing ANC – ACCS will enable the transfer of goods and equipment between planes transported through ANC, thereby improving the efficiency of international and domestic cargo shipments. Alaska Food Security – Limited availability of cold storage has made Alaska vulnerable to supply chain disruptions. ACCS will improve Alaska’s food security and reduce dependency on WA-based cold storages. ANC Competitive Location – ACCS will provide ANC with a highly marketable facility that will allow air cargo operators to take advantage of ANC’s strategic position as well as deliver cargo around the world more efficiently. Value-Added Manufacturing – Alaska is the largest seafood producer in the nation, harvesting more seafood than all other states combined. In the 2017 and 2018 period, annual Alaska seafood harvests of approximately 2.5 million tons were worth $4.7 billion after processing. The opportunity exists for more of the state’s seafood processors to store seafood in Anchorage rather than WA. In 2018 Alaska shipped more than 300,000 tons of food product to Washington. The proposed cold storage facility in Anchorage is favorably positioned to collect seafood from all over the state and add value by processing before delivering product to flights serving domestic and international markets. Alaska Energy Authority Page 3 of 3 PROJECT HISTORY Initially envisioned as a cargo transfer facility, ACCS added cold storage after analysis revealed Alaska’s acute lack of cold storage and the resulting long-term food supply insecurity. On October 11, 2018, the State of Alaska Department of Transportation and Public Facilities publicly sought “qualified applicants to submit an Expression of Interest outlining their interest, capabilities, and expertise in the construction and operation of a Quick Cargo Center Warehouse Facility at ANC in Anchorage, Alaska.” This formal invitation was consistent with recommendations articulated in ANC’s 2014 Master Plan as a critical component of its Fiscal Sustainability Goals and Objectives. FUNDING Non-federal funds include monies from ACCS. The Municipality of Anchorage, State, and Federal approvals will be required before commencement of final engineering, and appropriate construction permits will also be necessary before commencing construction. DOCUMENTATION OF FUNDING COMMITMENTS ACCS is a business partnership between Alaska-based McKinley Capital Management, LLC, and Chad Brownstein, founder of Rocky Mountain Resources. FEDERAL FUNDS There is no Federal funding currently anticipated for this project other than the requested BUILD Grant funds. BUDGET Alaska Cargo and Cold Storage and financial partners will contribute and/or secure $62.9 million in funding for Phase I of ACCS. This represents 71.5 percent of total project costs. BUILD Funding will provide $25 million; this represents 28.5 percent of total project costs. 813 West Northern Lights Blvd Anchorage AK 99503 Phone:(907)771‐3000 Page 1 of 5 ALASKA ENERGY AUTHORITY RURAL ELECTRIC UTILITY WORKER AND CIRCUIT RIDER COVID‐19 PANDEMIC TRAVEL PLAN PURPOSE: The purpose of this plan is to address the national pandemic and adhere to Health Mandate 012‐Intrastate Travel issued by the State of Alaska that prohibits intrastate travel except for businesses providing essential services and critical infrastructure. As a provider of essential services in support to public works construction, Alaska Energy Authority (AEA) has enacted this plan to comply with the requirements of the Mandate. The mandate requires AEA to take an active role in mitigating the risk to Alaska for community transmission and to submit its plan to the Department of Commerce, Community and Economic Development. SCOPE: The action plan covers the operations, locations, and employees of AEA who provide essential services to Alaska. AEA anticipates operating in Alaska communities that are eligible for its assistance during the term of this action plan. DEFINITIONS: The following are defined by Center for Disease Control and Prevention and/or World Health Organization (WHO): Confirmed/Suspect COVID‐19: A person who has tested positive for COVID‐19 or a person who satisfies epidemiological and clinical criteria to be a presumed case of COVID‐19. Close Contact: Greater than 15 minutes face‐to‐face contact in any setting with a confirmed case in the period extending from 24 hours before onset of symptoms in the confirmed case, or sharing of a closed space with a confirmed case for a prolonged period (e.g.more than 2 hours) in the period extending from 24 hours before onset of symptoms in the confirmed case. A close contact includes a person meeting any of the following criteria:  Living in the same household or household‐like setting (e.g. in a boarding school or hostel).  Direct contact with the body fluids or laboratory specimens of a case without recommended PPE or failure of PPE.  Aircraft passengers who were seated in the same row as the case, or in the two rows in front or two rows behind a confirmed COVID‐19 case. Contact tracing of people who may have had close contact on long bus or train trips should also be attempted where possible, using similar seating/proximity criteria.  Contact needs to have occurred within the period extending 24 hours before onset of symptoms in the case until the case is classified as no longer infectious by the treating team.  Note that healthcare workers and other contacts who have taken recommended infection control precautions, including the use of full PPE, while caring for a symptomatic confirmed COVID‐19 case are not considered to be close contacts. Isolation: Separates sick people with a contagious disease from people who are not sick. Quarantine: Separates and restricts the movement of people who were exposed or potentially exposed to a contagious disease to see if they become sick. Revision 6/5.2020 Page 2 of 5 Signs & Symptoms: Fever, sore throat, cough, shortness of breath, chills, body aches, headache, abdominal pain, diarrhea, vomiting. EFFECTIVE DATE: June 1, 2020 BASIC CONTROLS: Hand Hygiene  Wash your hands frequently with soap and warm water for at least 20 seconds.  If soap and water are not available, use a hand sanitizer that contains at least 60% alcohol.  Avoid touching your eyes, nose, and mouth with unwashed hands. Cough and Sneeze Etiquette  Cover your mouth and nose with a tissue when you cough or sneeze, or use the inside of your elbow.  Throw used tissues in the trash.  Immediately wash your hands after you cough or sneeze. Physical/Social Distancing  AEA has closed its business offices to unnecessary visitors and restricted access to its facilities to only necessary personnel.  Maintain at least 6‐feet distance from other individuals, to the extent reasonably feasible.  To the extent possible, utilize emails, texts, video conferencing, and teleconferencing in place of face‐to‐ face meetings.  All forms of physical contact in the workplace is prohibited, including handshakes, hugs, and high‐fives. Limit Non‐Essential Travel  Any employee that has traveled outside of Alaska within 14 days of returning to the workplace will be required to engage in 14 days of self‐isolation prior to being permitted to return to the workplace.  All non‐essential travel, both within and outside of Alaska, has been canceled or postponed.  Business travel is restricted to that which is required for essential business activities and to support critical infrastructure. All travel must be approved by a Department Manager.  Personal travel is restricted to that which is required for critical personal needs, including buying groceries, obtaining fuel, essential health needs or health care, obtaining other necessary goods, and outdoor activities.  Travelers are reminded to follow physical/social distancing measures.  Employees that are required to travel to remote communities for work‐related purposes are directed to avoid contact with the public as much as reasonably possible in order to minimize risk to the general public. This involves employees remaining in their lodgings except to perform the specific work for which the remote community travel was required. If the employee is required to leave their lodgings for reasons other than performing the specific work necessitating the travel, the employee is to notify that Company of the nature and reason for leaving the lodgings. Good Health Habits  Get plenty of sleep, eat nutritious food, drink plenty of water, and get regular exercise.  Having good overall health and well‐being reduces your risks.  Get plenty of sleep, eat nutritious food, drink plenty of water, and get regular exercise.  Having good overall health and well‐being reduces your risks. Education  Place numerous signs and placards around the work site emphasizing the necessity to “Stop The Spread Of Germs”, “How To Protect Yourself”, or practice proper hygiene.  Provide employees the “Share Facts about COVID ‐19” and “10‐Ways to Manage Respiratory Symptoms At Home” from CDC. Revision 6/5.2020 Page 3 of 5 OPERATIONAL CONTROLS: Sanitation Levels  Soap, hand sanitizers, and disinfectant wipes are provided if locally available so employees can frequently use these items disinfect and sanitize their immediate workplace.  Clean and disinfect frequently touched surfaces daily. This includes tables, doorknobs, light switches, countertops, handles, desks, phones, keyboards, toilets, faucets, and sinks. Use commercially available disinfectants if available, or use a bleach mix solution (4 teaspoons bleach per quart of water).  Disinfect interior surfaces of vehicles including steering wheel, gear shift, instrument panel, etc. Use aerosol disinfectants if possible. Physical/Social Distancing  Maintain at least 6‐feet distance from other individuals, to the extent reasonably feasible.  Utilize PPE or other protocols to protect themselves and the public when it is not possible to avoid coming with 6‐feet of another individual.  Maintain separation of work spaces within the field office.  Limit sharing of tools or multi‐user devices such as I‐pads, laptops, hand‐held radios, etc. Disinfect tools and devices between users.  Limit the exchange/sharing of paper documents; use electronic communication whenever possible.  Travel to work alone, or in the smallest groups possible.  While in other communities, employees will isolate themselves to their areas of work and habitation, and avoid, to the extent feasible, any interaction with local residents. Meeting Size  Do not have gatherings of more than 10 people and keep physical/social distancing between attendees.  Perform meetings online or via conference call whenever possible. Personal Protection Equipment (PPE)  Employees are encouraged to wear any PPE that they deem appropriate during the performance of their job, including mask, eye protection, and gloves.  Do not share PPE.  Disinfect reusable PPE per manufacturer’s recommendation prior to each use.  Ensure used PPE is disposed of properly.  Utilize disposable gloves where appropriate; wash hands after removing disposable gloves. PREVENTATIVE CONTROLS: Self‐Monitoring and Self‐Reporting  All employees are expected to self‐monitor for all signs and symptoms of COVID‐19 according to the most current directives and guidance provided by the CDC.  All employees are required to report any of the following to their supervisor: o Occurrence of any of the signs and symptoms of COVID‐19. o Close contact with an individual who tested positive for COVID‐19, or is being tested for COVID‐ 19. o Any travel outside the community by the employee, or any member of their household.  Failure to self‐report is subject to disciplinary action. Screening Visitors  Prior to allowing people into the field office, job trailer, or remote worksite under our control, the supervisor should ask: o Have you or anyone you have been in close contact with, tested positive for COVID‐19, or is being tested for COVID‐19? o Have you or anyone you have been in close contact with, traveled outside of Alaska within the last 14 days? o Have you had a fever, cough, shortness of breath, sore throat, runny/stuffy nose, body aches, chills, or flu‐like symptoms in the last 48 hours? Revision 6/5.2020 Page 4 of 5  If they answer “yes” to any of the previous questions, they should be asked to leave the jobsite immediately. Screening  AEA will make regularly inquiries of its employees to determine whether the employees demonstrate any physical symptoms of being infected with coronavirus.  If the local community begins to experience wide community‐spread, AEA may adopt additional screening processes including regular temperature checks.  In the event of wide community‐spread, AEA may elect to implement the enhanced screening protocols and guidelines provided to Essential Infrastructure employers. Sick Employees  Upon arrival to work, or first indication during the day, all employees showing signs and symptoms of being sick with any of the known symptoms associated with COVID‐19, will be isolated from other employees and sent home immediately.  Employees manifesting signs and symptoms of COVID‐19 while outside the workplace must notify their supervisor and stay home. They must stay home and not return to work until they are free from signs and symptoms of COVID‐19 (without using symptom‐altering medicines) for at least 72 hours or upon a release to work issued by a health care provider. Employees Who Test Positive for COVID‐19  All employees that test positive for COVID‐19 are required to immediately report such results to their supervisor or the designated Company contact.  Upon receipt of notification of a positive test for COVID‐19 by an employee Human Resources of the Company shall be notified to record and report the illness on the OSHA 300 Log and Form 301 if required by OSHA regulations.  Upon receipt of notification of a positive test for COVID‐19 by an employee, Management of the Company shall immediately do the following: o Determine whether it is necessary to report the positive to any public health officials or other governmental body. o Make an assessment of all employees, vendors, or customers that the infected employee may have had close contact with and provide immediate notification to those parties of the positive test while taking reasonable steps to maintain the confidentiality of the employee, if possible. o Determine whether it is necessary or advisable to quarantine any employees who came into close contact with the COVID‐19 positive employee or whether the enhanced screening methodology set forth by the CDC for essential infrastructure employers is sufficient. o For any employee that is located at the workplace or in a remote community at the time that the Company learns of the positive COVID‐19 test, the Company shall make arrangements for the employee to be transported to a place of isolation in a matter that minimizes additional exposure to co‐workers and the community in general. Quarantine Practice  All employees traveling outside Alaska are required to self‐quarantine for 14 days upon their return and monitor for illness.  No quarantine will be required for in‐state travel.  An employee who comes in close contact with someone who has tested positive for COVID‐19 is required to immediately notify their supervisor, self‐quarantine for 14 days, and monitor for illness. Return to Work  The following criteria must be followed for an employee with a positive test result to return to work: o At least 14 days from positive test notification; and o At least 3 days (72 hours) have passed since recovery defined as resolution of fever without the use of fever‐reducing medications and improvement in respiratory symptoms (e.g., cough, shortness of breath); and, o At least 7 days have passed since symptoms first appeared. Revision 6/5.2020 Page 5 of 5 MANDATE CONTROLS: Travel Plan  This plan will be reviewed and updated with subsequent federal, State of Alaska, and local government mandates.  Project and location specific protocols will be considered as appropriate.  All employees and supervisors will be responsible for implementing this plan.  These protocols will remain in place until the end of the declared emergency. CRITICAL PERSONNEL: Position/Mission Critical Classification  All positions related to the production, delivery, support, and operation of public works projects are mission critical personnel.  Person responsible for plan implementation o Name: Tim Sandstrom o Title: Director of Rural Programs o Phone: (907)771‐3000 o Email: tsandstrom@akenergyauthority.org INFORMATION SOURCES:  Alaska COVID‐19 Health Mandates https://covid19.alaska.gov/health‐mandates/  Alaska Department of Health and Social Services http://dhss.alaska.gov/dph/Epi/id/Pages/COVID‐19/communications.aspx  Centers for Disease Control and Prevention https://www.cdc.gov/  World Health Organization https://www.who.int/ 813 West Northern Lights Boulevard Anchorage, Alaska 99503 T 907.771.3000 Toll Free 888.300.8534 F 907.771.3044 REDUCING THE COST OF ENERGY IN ALASKA AKENERGYAUTHORITY.ORG RGYAUTHORITY.ORG COVID-19 Impact on RPSU Inventory and Assessment Project The COVID-19 pandemic has impacted the schedule of the Rural Power System Upgrade (RPSU) Inventory and Assessment project.  Travel Manadates – Mandated travel restrictions necessitated a halt in planned trips to the 185 communities scheduled for the RPSU Inventory and Assessment project. o Recent easing of some of the mandates are allowing trips to road belt and marine highway communities. o In addition, some communities and regional air carriers have adopted more stringent requirements than mandated.  Schedule – The contractor is developing a new schedule to account for the accommodation of travel restrictions.  Cost – The cost impact will be minimized by allowing more time to complete the project.  Completion Date – The new completion date will be determined after the contractor’s submission of a revised travel schedule. Award No Project Name DC Funding Perf. Period Beg Perf. Period Thru Actions Since Last Report Estimated Jobs Created 01349-09 RPSU - Togiak-Twin Hills Intertie 4,187,221 2/15/2011 9/30/2021 None 26 01432-08 BFU - Tatitlek 1,472,000 6/1/2013 12/31/2020 None 30 01473-06 RPSU - Clark's Point 2,819,700 6/16/2015 6/30/2020 None - Will be in close-out 26 01474-06 BFU - Chalkytsik 517,500 6/16/2015 12/31/2020 None 30 01485-04 START Communities Tech Asst 375,000 11/1/2015 6/30/2022 None 2 01492-07 BFU - Beaver 608,000 7/6/2016 12/31/2020 None 5 01500-06 Bulk Fuel Operator Training 1,010,000 9/1/2016 12/31/2021 $260K added, date extended 3 01515-07 Circuit Rider Program 900,000 1/1/2017 12/31/2021 $300K added, date extended 3 01516-06 RPSU - Maintenance & Improvement 748,776 10/1/2016 12/31/2020 None 20 01523-06 Miscellaneious Small M&I Projects 870,000 6/1/2017 12/31/2021 $350K added, date extended 20 01524-03 RPSU - Port Heiden 1,250,000 7/1/2017 6/30/2020 None - Will be in close-out 30 01525-05 Power Plant Operator Training 647,514 8/15/2017 9/30/2021 $180K added, date extended 3 01544-03 Itinerant Utility Training 500,000 3/1/2018 6/30/2021 None 3 01548-05 RPSU M&I - Statewide 2,550,000 5/1/2018 12/31/2020 None 20 01549-03 RPSU Inventory & Assessment - Statewide 300,000 4/18/2018 9/30/2020 None 20 01550-02 RPSU - Akhiok 1,500,000 5/1/2018 12/31/2020 None 26 01551-04 RPSU - Venetie 250,000 5/1/2018 12/31/2020 None 5 01557-02 Barge Headers and Fill Lines 3,976,820 10/1/2018 12/31/2022 None 60 01571-00 BFU - Nunapitchuk 1,852,546 8/15/2019 12/31/2021 Amd in process - date ext.30 01573-01 BFO In Community Training 40,000 8/15/2019 12/31/2020 None 2 01574-00 RPSU - Nikolai 351,050 8/1/2019 12/31/2020 None 5 01575-01 RPSU - Nelson Lagoon 135,455 8/1/2019 12/31/2020 None 5 01576-00 RPSU - Rampart 351,050 8/1/2019 12/31/2020 None 5 01577-01 RPSU - Napaskiak 135,455 8/1/2019 12/31/2020 None 5 01589-00 2020 Rural Energy Track 10,000 1/1/2020 3/31/2020 In close-out 1 01592-00 BFU - Scammon Bay 300,000 2/17/2020 3/31/2021 None 5 Total Funding for Active DC Awards:25,668,087 Less Total Spending on Active DC Awards:(10,248,492) Total Funding Remaining on Active DC Awards:15,419,596 Active Denali Commission Awards As of 06/10/2020 813 West Northern Lights Boulevard Anchorage, Alaska 99503 T 907.771.3000 Toll Free 888.300.8534 F 907.771.3044 REDUCING THE COST OF ENERGY IN ALASKA AKENERGYAUTHORITY.ORG RGYAUTHORITY.ORG Power Cost Equalization Update Despite the difficulties brought on by COVID-19, the Alaska Energy Authority (AEA) has a number of initiatives underway to improve the Power Cost Equalization (PCE) program for its stakeholders. New Web Portal The first development, one that will benefit the 196 PCE communities, is the method of submitting utility monthly reports through a new web portal. Once in place the web portal will enable AEA to receive PCE reports in a faster, more efficient manner, resulting in a reduced turnaround time for PCE reimbursements to the utilities. AEA’s PCE team anticipates this major update to occur later this year. The change, which has long been carefully planned, is intended to make the filing and processing of essential PCE data easier resulting in time savings to utilities, and sooner delivery of PCE monies to the companies. Technology Training Second, AEA’s PCE team will offer training on the new web portal for utility clerks many of whom will likely need to upgrade computers and office equipment. As such, AEA has made arrangements for discounted prices for new computer and office equipment as all PCE eligible utilities will need to process utility monthly reports through the web portal. Further news on this topic will be shared at a later date. While the COVID-19 pandemic has put many things on hold, it has had a benefit of allowing some fine-tuning of the entry screens and the processing software behind the web portal. Trainings for utility clerks on how to submit reports and information through the web portal will begin as soon as possible. In time the web portal will be the only way PCE reports will be accepted and processed for payment. From Paper Check to Electronic Payments Finally, at present there are some payments made to communities that are lost or damaged in the mail, and they cannot be processed. To correct this problem and other delays, and to harness the benefits of technology, all PCE communities will soon be required to obtain payments by “direct deposit.” 813 West Northern Lights Boulevard Anchorage, Alaska 99503 T 907.771.3000 Toll Free 888.300.8534 F 907.771.3044 REDUCING THE COST OF ENERGY IN ALASKA AKENERGYAUTHORITY.ORG RGYAUTHORITY.ORG Tuluksak Update OVERVIEW The purpose of this memo is to inform the AEA Board of Directors on developments about which they may not be aware. The board traveled to the Village of Tuluksak last fall and met with village officials, toured the power plant, which had recently been a site whereat AEA staff had spent money and time repairing and replacing equipment. The board expressed interest in having staff monitor the condition of the powerhouse and developments of note about village generally, and asked that it be informed periodically. POWERHOUSE STATUS Despite the challenge of the utility not being managed in a way that provides adequate funding for operations, the plant operator has done an outstanding job of using the resources on hand to provide power to the community. The preventive maintenance supplies provided last year have been consumed but have not been replaced by the Utility. The AEA Maintenance and Improvement and Diesel Emission Reduction Act (DERA) projects have been impacted by COVID-19 related delays. AEA Circuit Rider personnel will travel to the community in mid-June to assess the situation, provide trainings and oversee repairs indicated as necessary, pending other projects completion. As a part of the remaining projects AEA will resupply consumable maintenance items with a view towards minimizing the risk of a power outage. OTHER MATTERS OF INFORMATION AND CONCERN Knowledge very recently acquired by AEA, the Department of Community and Regional Affairs (DCRA), and the Department of Environmental Conservation (DEC), some of which comes from persons who live in or have recently lived in the community is concerning. Because of this development this memorandum has been directed. 1. Memorandum of Agreement: A Memorandum of Agreement exists between the Department of Commerce, Community and Economic Development (DCCED), the DCRA, and AEA providing for the exchange of information, mutual cooperation, and an allocation and a priority of assignments when monies owed to the State of Alaska may be repaid by funds to be paid to a village account can be assigned to a state agency. Alaska Energy Authority Page 2 of 4 By way of example relevant to Tuluksak, if it properly and timely files for a PCE distribution that distribution can be assigned by Tuluksak to DCRA for repayment of a Bulk Fuel Loan. Under authority of this memorandum DCRA recently contacted the PCE Division and sought information about PCE distributions to the village. DCRA disclosed that the village had asked for a new bulk fuel loan. As of the time of this memo the loan application is deficient and is not being processed. The inquiry prompted a full investigation. It was confirmed that the village had NOT made a complete PCE filing since July of 2019. That was before the Board trip to the village. The most recent payment of PCE funds to the village was for a June 2019 submittal for PCE. 2. Investigation subsequent to the DCRA Inquiry has also revealed or suggests: a. A previous utility clerk has relocated to Bethel where she is anticipating delivery of a child. b. The village which is a pre-paid meter village may not be collecting money for the delivery of power to community residents. c. It is probably that the village which has limited fuel storage and handling capability as well as significant accrued debt on unpaid bulk fuel loans may be obtaining fuel from the Village Store and a barter situation may be providing “free electricity” to both the store in exchange for fuel supply and the utility may not be reading meters or “charging” customers. d. The water supply for the village has not been routinely tested and a representative from DEC is expected in the village to test the water supply and take appropriate action (June 4, 2020) e. An AEA circuit rider is to travel to the village on or about June 8, 2020. AEA is sending along with its circuit rider a generous supply of expendables necessary to cleanly and safely operate the power plant and minimize disruptions which might arise due to non- performance of routine maintenance. This is a second replenishing of consumables. In October of 2019 a six month supply of filters and other supplies was given to the village. Unfortunately the village has no dependable inventory control practices and has not ordered replacements. Alaska Energy Authority Page 3 of 4 f. DCRA advises that it has been contacted by the village store owner who asked how the store might acquire the power plant by purchase and operate it as a business enterprise. AEA staff provided DCRA staff with guidance on the nature of a sale of a business, the requirements of and for obtaining a Certificate of Public Convenience and Necessity from the state’s regulatory utility body, and also provided names of qualified commercial and utility lawyers if the store owner’s present counsel is not a specialist in utility matters or commercial sales transaction. 3. Reporting: Further reports from the DEC and from the AEA circuit rider visits are expected. And, if AEA is contacted by the store owner appropriate answers to questions will be made and if requested referrals to competent professionals will be offered. 4. Financial: The Tuluksak Native Community is in a financial hole. Short of debt forgiveness it is unlikely it will ever earn its way to positive liquidity. At present the DCRA website reports during the period of March-April 2020 that the Tuluksak Native Community enjoys a listing of 27 entries evidencing a total debt of $344,872.84 in Internal Revenue Service and unresolved court judgements. It is normal for these categories of debt that penalty and interest also accrue and compound while the debt is unpaid. That amount is knowable but has not been calculated. The earliest date of these listed debts is September 30, 2011. Another major category of debt stems from DCRA Bulk Fuel Loans that have not been repaid. During a period from June 2018 until a date in May 2020 the Tuluksak Native Council which owns and operates the Tuluksak Traditional Power Utility has been loaned money for fuel purchases in an amount of $341,771.57. A recent bulk fuel loan application for an amount of $51,262.50 for the purchase of 25,000 gallons was declined. The sum of these two debt categories is $686,644.41 exclusive of penalty and interest. It is likely there is more debt although none has been confirmed. There has been no PCE payment to the community since June 2019. The Regulatory Commission of Alaska suspended PCE disbursement to the community on April 3, 2020 for failure to timely file the community Non-regulated PCE Fuel and Purchased Power Cost Report. The PCE disbursement to the community for Fiscal Year 2019 was $88,000. Alaska Energy Authority Page 4 of 4 5. Conclusion: The Village of Tuluksak is in a precarious financial situation of its own making due to absence of and inattention to simple and common financial controls. It does not seem that for a period of recent years there has been continuous attention by responsible and respected members of the community to the matter of village finances. 6. Recommendation: The common benefits provided by the State of Alaska to all villages, at least those that address health and safety should continue so that minimal disruption of life, and minimum risks to health and safety of those residents of the village are not exacerbated. Financial aid to the village should not be extended further until the village demonstrates a sincere commitment that in the near term will result in improved village administration. Towards this end a professional city manager should be hired and city offices should be staffed by a necessary complement of qualified and trained staff. Staff training should be made a priority. Some means of adequate oversight and monitoring of successful and slowly improving management should be in place and some payments towards present debts must be demonstrated before addition debt burden is permitted. State officials in all branches of government should consider outreach to the regional corporation asking it to undertake a meaningful oversight and assistance program that will benefit the village. Monitor the financial situation of the village. Provide assistance as necessary. Curtis ThayerExecutive Director - AEAPCN 08-0208VacantCOOPCN 08-0206Bryan CareyOwned Assets/Hydro Group MgrPCN 08-X071Keith DivollPCE TechnicianPCN 08-X075Ashton DoyleExecutive AsstPCN 08-0219VacantAdmin AsstPCN 08-0410Kirk WarrenDir Engineering & Energy DevelopmentPCN 08-0491Neil McMahonPlanning ManagerPCN 21-7014Josephine HartleyProject Manager Program MangerPCN 08-0443 Vacant Safety/Whs Support TechPCN 08-0440Curtis HansonRural Electric Utility WorkerPCN 21-7010Kyler KillmerCircuit Rider TechnicianPCN 08-X003Justin TuomiRural Electric Utility WorkerPCN 21-7012Tim SandstromDir Rural ProgramsPCN 08-0466Alan FettersRural Assist MgrPCN 08-0231TW PatchDirector Planning PCN 08-0230VacantProject ManagerPCN 08-X007Phillip ChandonnetCircuit Rider TechPCN 08-X029Rebecca GarrettProject ManagerPCN 08-0403Brandy Dixon Public Engagement Officer PCN 08-X034Brandi WhiteSr AccountantPCN 08-0457Vacant IFD AmblerPCN 08-0233Justin CrowtherSystems ProgrammerPCN 08-X076Robert HawkinsMIS AdministratorPCN 08-0227Vacant Analyst ProgrammerPCN 08-X037William PriceProject ManagerPCN 08-0222Alan WeitznerInterim Executive Director - AIDEAPCN 08-0200Mark Davis Chief Infrastructure Dev OfficerPCN 08-0224Chris AndersonCommercial Fin DirPCN 08-0201Brenda ApplegateCFOPCN 08-0203Amy AdlerAsst CFO/ControllerPCN 08-0453Jennifer BrideFinancial Systems AnalystPCN 08-X038Salina BeardenAsst ControllerPCN 08-X074Jessica HoustonAccounting TechPCN 08-0214Owen BerklundAccountantPCN 08-0438VacantFinancial Reporting AnalystPCN 21-7015Amy GreenAccounting TechPCN 08-0468Beazit RedzepiSr Project Acct/ Budget AnalystPCN 08-0507Linda SennHR Director PCN 08-0455Lex SargentoCPCOPCN 08-0220Michele HopeSr. Contracting OfficerPCN 08-0495Lois LemusContracting OfficerPCN 08-X019VacantContract AdminPCN 08-0469Sherrie SiversonExecutive AsstPCN 08-0213Krin KemppainenAdmin AsstPCN 08-X036Aimee SudbeckAdmin AsstPCN 21-7013VacantSr Investment Offcr Project FinancePCN 08-0402Leona HakalaLoan Officer IIPCN 08-0204William PhelanLoan Officer IIPCN 08-0205Kara MabryCredit AdministratorPCN 08-0215Rebecca LawsLoan Srvcs SupvPCN 08-0207Emily EngrischLoan Servicing/ATPCN 08-0210 VacantProject ManagerPCN 08-0490Jesse PetersonSr. Manager PFAMPCN 08-0228Ryan GarnerProject Manager Program ManagerPCN 08-X033Rob JordanProgram Manager - Energy Data PCN 08-0425VacantEconomistPCN 08-X098VacantEnergy IFD OfficerPCN 08-X095Jeff WilliamsPCE Program Mgr/ Cmnty Assist AdvPCN 08-0411Angelica SamudioPCE TechnicianPCN 08-0217Jeff San JuanSr Fin OfficerPCN 08-X109 Terence CatoIT DirectorPCN 08-0401 82 EX: Exempt 0 NP: Non Perm 82 Total PositionsDepartment of Commerce, Community and Economic DevelopmentAIDEA/AEAFY2020 Org Chart as of 6/9/2020VacantIFD AmblerPCN 08-0412Sam TappenIFD OfficerPCN 08-0498 Alan WeitznerChief Investment OfficerPCN 08-0229Jodie MackBusiness Systems AnalystPCN 08-X141VacantEnergy Funding Res SpecialistPCN 08-X077Taylor AsherAsst Project Mgr - RenewablesPCN 08-X1066/9/2020Betsy McGregorPrelim Design & Envir MgrPCN 08-X073Geoffrey JohnsInvestment Offcr PF PCN 08-X072Karin St. ClairGrantsPCN 08-X127VacantHR TechnicianPCN 08-0473Nicole DavisFront Desk Admin PCN 08-0216UpdatedKarsten RodvikExternal Affairs OfficerPCN 08-0223VacantDebt Finance OffcrPCN 08-0202SHARED SERVICESAIDEAAEAKevin BucklandAsst CFO/ControllerPCN 08-0209Shawn CalfaSr AccountantPCN 08-0423Carmen NobleAccountantPCN 08-0493Rita NiemannAccounting TechPCN 08-0211Jennifer BrownAsst ControllerPCN 08-X117Fiorella Isla GalvezAccounting TechPCN 08-0221David LockardInfrastructure EngineerPCN 08-X123 813 West Northern Lights Boulevard Anchorage, Alaska 99503 T 907.771.3000 Toll Free 888.300.8534 F 907.771.3044 REDUCING THE COST OF ENERGY IN ALASKA AKENERGYAUTHORITY.ORG RGYAUTHORITY.ORG Akhiok Rural Power System Upgrade *Save the Date for an Open House* A tour of the newly assembled Akhiok Power Plant System will be held on Thursday, July 30, 2020 from 1-4 p.m. in Anchorage before the power plant is shipped to Akhiok. EXISTING OLD POWER PLANT Akhiok’s existing power plant is a modular unit (24’Lx12’Wx8’H) that was installed in the 1980s by Alaska Power Systems, Inc. The power plant houses three generator sets (Gensets), One 55kW unit, one 65 kW unit, and one 100 kW unit. All generators produce 480/277V three-phase power. Power is currently generated at 480 volt, 3-phase, and distributed at 12.47/7.2 kVA 3- phase via a below grade distribution system. The system is plagued by severe load imbalance. The existing direct bury cables are severely corroded and at the end of their useful life resulting in frequent line to ground faults. The corroded cables also result in excessive line losses in the primary and secondary systems (estimated at 30 percent). NEW POWER PLANT SYSTEM The new power plant will be a 14’-6” x 42’ modular steel building constructed in Anchorage and shipped to Akhiok. The two primary engines will be John Deere model 4045FM85 tier 3 marine rated at 100kW prime power. The third engine will be a John Deere 4045AFM75 tier 2 or tier 3 marine rated at 65 kW. The steel module used sound insulated construction and the engines will be equipped with critical grade exhaust silencers to reduce noise. The power plant is being relocated to a lot next to the school to take advantage of the recovered heat. The proposed new distribution system will consist of primary cable installed within HDPE duct and buried to a minimum depth per code. All existing transformers and junction boxes will be replaced with new, corrosion resistant pad mount transformers and switch cabinets. Existing electrical service meter bases and meters will remain and be fed by new service conductors in HDPE conduit. The new primary system will be installed within existing utility rights of way and/or dedicated electrical easements. FUNDING  Denali Commission – $1,500,000  Rural Power System Upgrade Program – $2,000,000  Total – $3,500,000 Alaska Energy Authority Page 2 of 3 Concurrent with AEA’s project, Kodiak Area Native Association (KANA) helped the City of Akhiok apply for and receive $1,289,169 from the USDA’s Rural Utility Service to replace the distribution system. AEA and KANA agreed to partner on this project to fund a complete power system replacement to the community of Akhiok. STATUS The module is currently undergoing assembly at Electric Power Systems’ warehouse in Anchorage located just off Arctic Boulevard. SCHEDULE  CDR – November 2019  Module – March 25, 2020  Module Assembly – July 22, 2020  Site Construction – July-December, 2020  Powerhouse – November 12, 2020  Distribution – December 10, 2020 CONTRACTORS  Design and Construction Administration – CRW Engineering  Module Structure – Weona  Module Assembly – Electric Power Contractors, Inc.  Site Construction – Sturgeon Electric PHOTOS Photo 1– New Power House Under Construction Alaska Energy Authority Page 3 of 3 Photo 2 – New Power House Under Construction Photo 3 – New Power House Under Construction 813 West Northern Lights Boulevard, Anchorage, Alaska 99503 Phone (907) 771-3000 Fax (907) 771-3044 Toll Free (888) 300-8534 Email info@akenergyauthority.org REDUCING THE COST OF ENERGY IN ALASKA AKENERGYAUTHORITY.ORG RGYAUTHORITY.ORG 2019/2020 AEA Community Outreach Schedule Last modified on June 10, 2020 # Status Date Organization AEA Staff 1. Upcoming To Be Determined, 2020 Bethel Chamber of Commerce Curtis W. Thayer 2. Upcoming To Be Determined, 2020 Greater Palmer Chamber of Commerce Curtis W. Thayer 3. Upcoming July 22, 2020 Fairbanks Chamber’s Energy, Environment and Natural Resources Committee Kirk H. Warren 4. Past June 12, 2020 Commonwealth North’s Energy Action Coalition Curtis W. Thayer 5. Past June 11, 2020 (Postponed*) Seward Chamber of Commerce Curtis W. Thayer 6. Past May 6, 2020 (Postponed*) Kenai/Soldotna Chamber of Commerce Curtis W. Thayer 7. Past April, 21, 2020 (Postponed*) Homer Chamber of Commerce Curtis W. Thayer 8. Past March 10, 2020 Greater Fairbanks Chamber of Commerce Curtis W. Thayer 9. Past February 20, 2020 Greater Wasilla Chamber of Commerce Curtis W. Thayer 10. Past February, 11, 2020 Community and Regional Affairs Committee Curtis W. Thayer 11. Past February 10-14, 2020 Alaska Forum on the Environment AEA Team Members: 11a. Past - Welcome Remarks during Keynote Event: Alaska Beyond Oil Panel T.W. Patch 11b. Past - Renewable Energy & Rural Alaska Powerhouse Panel Bill Price 11c. Past - Bulk Fuel Tank Farm Updates: Construction, Training, and Regulations Panel Bill Price 11d. Past - The Shines in Alaska: Solar Power Projects on the Railbelt Panel Tom Benkert 11e. Past - Harvesting Energy from Wood & Waste: Biomass and Landfill Gas Fuels in Alaska Panel Taylor Asher 11f. Past - Electric Vehicles Panel Taylor Asher 11g. Past - Solar Power in Rural Alaska Panel David Lockard 11h. Past - The Low-Hanging Fruit of Energy Savings Panel Rob Jordan 11i. Past - New Hydropower Energy for Alaska Panel Bryan Carey *These presentations’ date/time has been postponed due to COVID-19 to a later date/time to be determined. Page 2 of 2 11j. Past - Rooftop Solar in your Alaskan Community Tom Benkert 11k. Past - Capturing the Wind Across Alaska: Large Scale Wind Projects Panel Kirk H. Warren 11l. Past - Clean Energy Financing Panel Tom Benkert 12. Past February 5-7, 2020 National Association of State Energy Officials Curtis W. Thayer 13. Past February 4, 2020 Southeast Conference Mid-Session Summit Curtis W. Thayer 14. Past January 30, 2020 Senate Community and Regional Affairs Committee Curtis W. Thayer 15. Past January 30, 2020 House Subcommittee Curtis W. Thayer 16. Past January 29, 2020 Senate Special Committee on the Railbelt Electric System Curtis W. Thayer 17. Past January 29, 2020 Alaska Power Association’s Legislative Conference Curtis W. Thayer 18. Past January 10, 2020 Commonwealth North’s Energy Action Coalition Curtis W. Thayer 19. Past December 18, 2019 Chugiak-Eagle River Chamber of Commerce Curtis W. Thayer 20. Past December 9, 2019 Anchorage Chamber of Commerce Curtis W. Thayer 21. Past December 5, 2019 BIA Tribal Providers Conference Curtis W. Thayer 22. Past November 21, 2019 Alaska Municipal League Annual Conference Jeff Williams 23. Past November 18, 2019 Alaska Municipal League Annual Conference Tom Benkert AEA LOAN DASHBOARD REPORT AEA POWER PROJECT LOAN FUND YEAR TO DATE 07/01/2019 LOAN ACTIVITY EARNINGS START DATE LOAN CATEGORY STARTING BALANCE FUNDS DISBURSED PAYMENTS RECEIVED ENDING BALANCE INTEREST RECEIVED LATE FEES RECEIVED INTEREST + LATE FEES 22 AEA POWER PROJECT FUND LOANS 23,690,152 4,575,980 (507,607) 27,758,525 277,109 766 277,875 TOTAL # OF PPF LOANS 0 LOAN PROGRAM SUMMARY # OF DELINQUENT PPF LOANS Outstanding Loans per Trial Balance 27,758,525.16$ -$ Uncommitted Cash Balance 10,657,522.47$ LOANS DELINQUENT AMOUNT ($)Loan Commitments 58,276.46$ 0.000%Total Loan Program 38,474,324.09$ % OF DELINQUENT LOANS TO PORTFOLIO BALANCE 05/31/2020 END DATE FISCAL YEAR-TO-DATE LOAN PORTFOLIO ACTIVITY (07/01/2019 - 05/31/2020 ) Waterfall Creek Hydro - King Cove, Alaska Print Date: 6/9/2020 Page 1 of 2 AEA POWER PROJECT FUND LOANS BY ENERGY REGION & PROJECT TYPE OUTSTANDING BALANCES & NEW ACTIVITY ENERGY REGION AEA PPF LOAN BALANCE REMAINING LOAN COMMITMENTS NEW APPLICATIONS IN PROCESS # OF AEA PPF LOANS TOTAL ALEUTIANS 2,583,291 - 625,000 5 3,208,291 BERING STRAITS - - - 0 - BRISTOL BAY 464,943 - 514,500 2 979,443 COPPER RIVER/ CHUGACH - - - 0 - KODIAK 84,089 - - 2 84,089 LOWER YUKON- KUSKOKWIM 371,514 - - 2 371,514 NORTH SLOPE - - - 0 - NORTHWEST ARCTIC - - - 0 - RAILBELT 4,115,937 - - 3 4,115,937 SOUTHEAST 19,949,683 - 924,152.83 3 20,873,836 27893070.2 YUKON-KOYUKUK/ UPPER TANANA 189,068 58,276 4,083,114 5 4,330,458 10422145.37 58569.36 27,758,525 58,276 6,146,767 22 33,963,568 TOTAL BIOMASS $104,074 CONSERVATION $11,089DIESEL $979,727 HYDRO $25,359,791 SOLAR $801,112 TRANSMISSION $1,824,285 TANK FARM $2,258,829 WIND $2,624,661 AEA PPF LOANS BY PROJECT TYPE -NEW & OUTSTANDING BALANCE BIOMASS 1 CONSERVATION 1 DIESEL 5 HYDRO 8 SOLAR 1 TRANSMISSION 1 TANK FARM 1 WIND 4 AEA PPF LOANS BY PROJECT TYPE Print Date: 6/9/2020 Page 2 of 2 Page 2 Alaska Economic Report 13/2020 – Continued on next page The Alaska Energy Authority has applied for a $25 million U.S. Department of Transportation “Better Utilizing Investments to Leverage Development,” or BUILD, transportation grant to fund energy efficiency that could help jump-start a planned $200 million air cargo complex at Ted Ste-vens International Airport. Cold storage will be an integral part of the facility and lowering energy costs will boost the project’s viability, AEA director Curtis Thayer told the authority’s board. AEA must determine, however, that a cold storage and cargo handling facility used by cargo aircraft is a qualifying “... surface transportation infrastructure...” project under the federal program. A local development group is leading the project and a Boston equity group is involved, although just who the investors are is being held tight. There are also reports that Amazon is involved in this. The cargo complex also one of Alaska projects proposed for a Permanent Fund investment by McKinley Capital Management, which has contracted with the Fund to manage a small set-aside of its portfolio for Alaska. In operation, the facility would employ about 750, AEA’s board was told. Interestingly, the state international airport system declined to apply for this grant, Thayer said. The developers went to the Alaska Industrial Development and Export Authority, or AIDEA, a sister agency to AEA, but AIDEA is not authorized to receive federal grants. AIDEA bucked the proposal to AEA, which does administer federal grants. International air cargo carriers would be the customers. Despite poor economic conditions in the U.S., international cargo activity via An-chorage’s airport is still holding up. China’s economy is showing signs of recovery, too. Energy:$10 million for statewide electric vehicle charging networkAEA is also pursuing a $5.3 million U.S. Dept. of Energy grant to develop a statewide electric vehicle charging network and an electric vehicle, or EV, fleet to demonstrate the feasibility of EVs, in Alaska, AEA’s board was told. The authority can contribute $1.25 million in Volkswagen Trust funds to the initiative and says a $10 million fund could be developed with other contributions along with the U.S. DOE grant. Chugach Electric Association, Cordova Electric Cooperative, the City and Borough of Juneau, the Alaska Electric Vehicle Association, Pacific Alternatives LLC, and Tesla are partners with AEA in the overall initiative. The first phase of the project would develop an EV charging corridor between the Kenai Peninsu-la and Fairbanks, with fast chargers spaced approximately 75 to 100 miles apart. The second phase develops charging corridors from Anchorage, Fairbanks, Valdez, and Southeast Alaska via Skag-way. The third phase evaluates the efficacy of the corridors and adds EV chargers as needed. AEA grant could jump start Anchorage air cargo complex