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2020-06-30 BPMC Agenda and docs
BRADLEY LAKE PROJECT MANAGEMENT COMMITTEE (BPMC) REGULAR MEETING AGENDA Tuesday, June 30, 2020 via teleconference Immediately Following the 9:00 a.m. IMC Meeting To participate dial 1-888-585-9008 and when prompted, enter code 676-392-603# 1. CALL TO ORDER 2. ROLL CALL FOR COMMITTEE MEMBERS 3. PUBLIC ROLL CALL 4. PUBLIC COMMENTS 5. AGENDA APPROVAL 6. PRIOR MINUTES – March 27, 2020 7. NEW BUSINESS A. Motion: Funding Battle Creek Diversion Project AEA B. Proposed FY21 Bradley Budget Amendment Motion to Approve 8. OLD BUSINESS A. Battle Creek Project Update AEA B. Operators Report HEA C. O&D Report GVEA 9. COMMITTEE REPORTS – Budget to Actual Budget Subcommittee 10. EXECUTIVE SESSION – Discuss confidential matters related to Battle Creek Claims and S/Q Line 11. COMMITTEE ASSIGNMENTS 12. MEMBERS COMMENTS 13. NEXT MEETING DATE - Friday, July 24, 2020 14. ADJOURNMENT BRADLEY LAKE PROJECT MANAGEMENT COMMITTEE Regular Meeting – June 30, 2020 Continued Funding of Battle Creek Diversion Project MOTION: Move that the Bradley Lake Project Management Committee (BPMC) directs the Alaska Energy Authority (AEA) to proceed with additional funding for the completion and overages of the Battle Creek Diversion Project using the 9th Series 2017 Taxable Draw- Down Bond (Bond) . AEA will request draws on the Bond based on the contractor’s payment schedule. The Bond can provide funding up to $5,761,000. The participating utilities will fund a capital reserve with each draw on the Bond in accordance with the Bradley Lake Bond Resolution. Bond principal, interest and related costs and reserve requirements shall be paid by the utilities participating in the development of the Battle Creek Diversion Project at the following percentages: Chugach Electric Association, Inc. (39.38%); Homer Electric Association, Inc. (41.44%); Matanuska Electric Association, Inc. (17.88%); and City of Seward (1.30%). Move: _ __ ________ Second: _ _ ______ Date: ___ ____________ ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT 2021 PROPOSED BUDGET - AMEND 1 DATE: 06/30/20 ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT 2021 Budget Contents Schedule Description Page # Overview of Budget Changes between FY21 Approved Budget and FY21 Proposed Budget - Amend 1 3 Schedule A Budget Summary 4 Schedule A-1 Capital Purchases not funded by R&C 5 Schedule B Operations & Maintenance Budget 6 - 15 Schedule C Monthly Utility Contributions 16 Schedule D R&C Fund Disbursements and Repayments 17 Schedule E Battle Creek Capital Purchases 18 Schedule F Battle Creek Administrative Costs 19 Schedule G Battle Creek Monthly Utility Contributions 20 ` 6/24/20202:48 PMH:\Accounting\AEA FY21 FS Shared Files\Bradley Lake\Budget\2021-BradleyBudget-Amend1-063020.xlsx 2 of 19 ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT Overview of Budget Changes between FY20 Amended Budget and FY21 Approved Budget FY20 Amended Budgeted Utility Contributions 19,584,485 From Schedule A REVENUES Increase in interest income (100,000) Increase in other available funds (1,325,513) (1,425,513) EXPENSES Increase Operations & Maintenance 423,760 Decrease Renewals/Replacements (R&C Fund Repayments)(1,189,659) Decrease Non R&C Capital Purchases (223,000) Decrease Transfer To(From) Operating Reserve (27,963) Decrease Debt Service (1,325,513) Decrease Arbitrage Transfer (44,153) (2,386,528) Net change in utility contributions (3,812,040) FY21 Budgeted Utility Contributions 15,772,445 Battle Creek-FY20 Amended Budgeted Utility Contributions 2,562,036 From Schedule A EXPENSES Increase in Battle Creek Administrative costs 41,290 Increase in Transfer To(From) Operating Reserve 42,638 Increase in Debt Service 1,764,993 Decrease in Capital Purchases (105,000) Decrease in Cost of Issuance 9th Series 0 Increase in Capital Reserve Contribution 492,091 2,236,012 Net change in utility contributions 2,236,012 Battle Creek-FY21 Budgeted Utility Contributions 4,798,048 6/24/20202:48 PM2021-BradleyBudget-Amend1-063020.xlsxOverview Page 3 of 19 ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT Budget Summary Schedule A FY2020 FY2021 FY2021 FY2021 Inc(Dec) From FY2016 FY2017 FY2018 FY2019 Approved Approved Proposed Amend 1 FY20 Approved Bradley Lake (excluding Battle Creek shown below)Actuals Actuals Actuals Actuals Budget Budget Change Budget Budget Revenues, Expenses & Changes in surplus Revenues Utility Contributions (sch C)17,828,513 17,172,295 18,373,909 18,132,905 19,584,485 15,490,822 281,623 15,772,445 (3,812,040) Interest Income 1,930,547 1,991,555 2,064,454 1,946,023 1,810,000 1,910,000 0 1,910,000 100,000 Other Miscellaneous 0 0 17,251 2,501 0 0 0 0 0 Other Available Funds 1,325,513 0 1,325,513 1,325,513 19,759,060 19,163,850 20,455,614 20,081,429 21,394,485 18,726,335 281,623 19,007,958 (2,386,528) Expenses Operations & Maintenance (sch B)4,273,634 4,011,783 3,985,722 4,019,975 5,351,042 5,681,783 93,019 5,774,802 423,760 Renewals/Replacements (R&C Fund Repayments) (sch D)2,692,710 2,476,905 2,579,100 2,774,832 2,121,400 931,741 0 931,741 (1,189,659) Non R&C Capital Purchases (sch A-1)26,444 89 954,060 37,738 685,000 292,000 170,000 462,000 (223,000) Transfer To(From) Operating Reserve (9,747)(85,531)(112,145)38,816 112,715 66,148 18,604 84,752 (27,963) Debt Service (net of Capital Reserve Reductions)12,494,600 12,426,200 12,778,100 12,778,588 12,778,775 11,453,263 0 11,453,263 (1,325,513) Arbitrage Transfer 281,419 334,404 270,777 431,480 345,553 301,400 0 301,400 (44,153) 19,759,060 19,163,850 20,455,614 20,081,429 21,394,485 18,726,335 281,623 19,007,958 (2,386,528) Surplus (Deficit)0 0 0 0 0 Other Project Costs - Battle Creek Revenues, Expenses & Changes in surplus Revenues - Battle Creek Utility Contributions (sch G)0 800,000 333,860 0 0 0 0 0 0 Utility Contributions (sch G)0 0 497,636 1,319,734 2,562,036 2,479,563 2,318,485 4,798,048 2,236,012 Capital Reserve Contributions 0 0 2,796,378 0 0 0 0 0 0 Other Available Funds 0 0 0 0 0 0 0 0 0 Interest Income 0 0 14,758 67,492 0 0 0 0 0 0 800,000 3,642,632 1,387,226 2,562,036 2,479,563 2,318,485 4,798,048 2,236,012 Expenses - Battle Creek Battle Creek Administrative costs (sch F)0 0 137,456 527,723 395,424 432,714 4,000 436,714 41,290 Capital Purchases (sch E)0 800,000 333,860 0 0 0 0 0 0 Capital Purchases - Revenue Fund (sch E)0 0 16,500 149,941 425,000 320,000 0 320,000 (105,000) Transfer To(From) Operating Reserve 0 0 8,760 82,038 (11,712)7,458 23,468 30,926 42,638 Debt Service 0 0 895,824 1,748,534 1,753,324 1,719,391 1,798,926 3,518,317 1,764,993 IRS Subsidy 0 0 (571,876)(1,121,010)0 0 0 0 0 Cost of Issuance 9th Series 0 0 25,730 0 0 0 0 0 0 Capital Reserve Contribution 0 0 2,796,378 0 0 0 492,091 492,091 492,091 0 800,000 3,642,632 1,387,226 2,562,036 2,479,563 2,318,485 4,798,048 2,236,012 Surplus (Deficit)0 0 0 0 0 Other Information Operating Reserve *1,116,353 1,030,822 918,677 957,494 1,070,208 1,136,357 1,154,960 Operating Reserve - Battle Creek*8,760 90,798 79,085 86,543 87,343 Monthly Contributions 1,654,119 1,628,614 1,651,614 1,511,075 1,632,040 1,290,902 1,314,370 Monthly Contributions Battle Creek 52,780 109,978 213,503 206,630 399,837 *Required to be 20% of budgeted operating expense 6/24/20202:48 PM2021-BradleyBudget-Amend1-063020.xlsxSch A Page 4 of 19 ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT Capital Purchases Not Funded by R&C Fund Schedule A-1 FY17 FY18 FY19 FY20 FY21 FY21 FY21 Approved Approved Proposed Amend 1 Actuals Actuals Actuals Budget Budget Change Budget Comments for FY21: Replace/Automate Fish Water Valves & Actuators 89 361,430 17,142 - 40,000 40,000 Actuator has failed Equipment storage shed (unheated bus barn) - 67,539 - - - - 1 ton Flatbed with Plow - 57,016 - - - - Battle Creek Bridge Repair Refurbishment (2) - - - 220,000 - - Mobil Crane 40 to 50 tons (used) - 88,875 - - - - Replace Michigan Loader - 263,306 - - - - Upgrade Crews Quarters\Residence Kitchen - 1,850 - - - - Replace 1988 Suburban Ambulance - 59,430 5,350 - - - 1/2 ton Pick up truck - 34,693 - - - - Replace High Bay Lighting in Power Plant 19,920 - - - - Turbine Nozzle Repair - - - - - - Tire machine - - 15,246 - - - Replace dump truck and sander - - - 170,000 - 170,000 170,000 Budgeted in FY20, delayed due to COVID-19 Pick up truck - - - 45,000 - - UPS Replacement - - - 75,000 37,000 37,000 Need 2nd Battery Charger Rough terrain fork lift (with plow for snow) - - - 130,000 - - IRIS Air gap monitoring system (computer) - - - 45,000 45,000 45,000 New generator analysis computer KVM switch for Emerson - - - - 3,000 3,000 Emerson upgrade causes need for new switch Spare Trash Pump - - - - 20,000 20,000 Leaking needles cause the trash pump to run all the time - need spare Housing Preliminary Design 10,000 10,000 New housing site evaluation and preliminary design Heavy Duty trailer for equipment - - - - - Need trailer to haul excavator and bulldozer up mountain Emerson Cybersecurity Update 137,000 137,000 Emerson Cybersecurity Update Total Non R&C Capital Purchases 89 954,060 37,738 685,000 292,000 170,000 462,000 Capital Project Description 6/24/20202:48 PM2021-BradleyBudget-Amend1-063020.xlsxSch A-1 Page 5 of 19 ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT ALASKA ENERGY AUTHORITY HEA 3,209,154 HEA 2,704,303 HEA 3,145,798 HEA HEA 4,103,378 BRADLEY LAKE HYDROELECTRIC PROJECT CEA 190,187 CEA 183,499 CEA 183,491 CEA CEA 101,785 Bradley Lake Operations and Maintenance Budget AEA 1,754,770 AEA 1,705,585 AEA 1,458,178 AEA AEA 1,750,884 Schedule B FY17 FY18 FY19 FY20 FY21 FY17 Amended Budget Actual (Over) Under Budget to date FY18 Amended Budget Actual (Over) Under Budget to date FY19 Amended Budget Actual (Over) Under Budget to date FY20 Amended Budget FY21 Approved Budget FY21 Proposed Change FY21 Approved Budget Increase (Decrease) from PY Summary by cost type Labor & Benefits 2,005,079 1,533,371 471,708 1,889,814 1,578,236 311,578 1,572,497 1,307,514 264,983 1,219,935 1,413,288 - 1,413,288 193,353 Indirect Costs - - - - - 583,803 579,115 4,688 1,383,388 1,330,587 - 1,330,587 (52,801) Travel 132,950 27,009 105,941 76,950 16,114 60,836 33,950 28,380 5,570 45,950 44,950 - 44,950 (1,000) Training 49,300 35,736 13,564 49,300 14,046 35,254 49,300 20,957 28,343 49,300 49,300 - 49,300 - Contractual 1,217,418 850,184 367,234 841,062 659,773 181,289 1,033,216 633,895 399,321 869,842 1,016,340 - 1,016,340 146,498 Supplies & Materials 229,358 113,150 116,208 183,345 152,799 30,546 204,345 156,340 48,005 346,345 389,345 - 389,345 43,000 Other Costs 381,744 297,447 84,297 387,818 276,371 111,447 69,818 31,293 38,525 67,818 70,818 - 70,818 3,000 Equipment, Furniture and Machinery 11,500 10,137 1,363 7,000 25,562 (18,562) 7,000 6,879 121 176,000 170,000 - 170,000 (6,000) Maintenance Projects - - - - 3,381 (3,381) - 44,926 (44,926) - - - - - Administrative Costs 1,126,761 1,144,749 (17,988) 1,158,098 1,259,440 (101,342) 1,233,537 1,210,676 22,861 1,192,464 1,378,400 - 1,471,419 185,936 Battle Creek O&M - - - - - - - - - - (181,245) - (181,245) (181,245) 5,154,110 4,011,784 1,142,326 4,593,387 3,985,722 607,665 4,787,467 4,019,975 767,492 5,351,042 5,681,783 - 5,774,802 330,741 Bradley Lake O&M 4% charge to Battle Creek Battle Creek O&M - - - - - - - - - - (181,245) - (181,245) (181,245) Bradley Lake O&M 4% charge to Battle Creek FERC 535 - Operation Supervision & Engineering Operations Sup/Eng Bradley Lake Operating Labor & Benefits 299,649 266,820 32,829 265,587 262,431 3,156 189,074 182,059 7,015 107,453 107,453 - 107,453 0 Indirect Costs - - - - - - 77,849 74,535 3,314 155,698 155,698 - 155,698 - Travel 10,450 9,452 998 10,450 2,271 8,179 10,450 13,462 (3,012) 10,450 10,450 - 10,450 - Training 9,300 11,171 (1,871) 9,300 3,452 5,848 9,300 4,305 4,995 9,300 9,300 - 9,300 - Contractual 1,400 300 1,100 1,000 121 879 1,000 257 743 1,000 11,000 - 11,000 10,000 Supplies & Materials 4,100 5,781 (1,681) 4,000 3,210 790 4,000 2,688 1,312 4,000 4,000 - 4,000 - Bradley Lake Operating Total 324,899 293,523 31,376 290,337 271,485 18,852 291,673 277,306 14,367 287,901 297,901 - 297,901 10,000 FERC 535 - Operation Supervision & Engineering Total 324,899 293,523 31,376 290,337 271,485 18,852 291,673 277,306 14,367 287,901 297,901 - 297,901 HEA 10,000 6/24/20202:48 PM2021-BradleyBudget-Amend1-063020.xlsxSch B Page 6 of 19 FY17 FY18 FY19 FY20 FY21 FY17 Amended Budget Actual (Over) Under Budget to date FY18 Amended Budget Actual (Over) Under Budget to date FY19 Amended Budget Actual (Over) Under Budget to date FY20 Amended Budget FY21 Approved Budget FY21 Proposed Change FY21 Approved Budget Increase (Decrease) from PY FERC 537 - Hydraulic Expenses Hydraulic Expenses Bradley Lake Operating Labor & Benefits 92,746 65,670 27,076 94,453 69,032 25,421 88,714 71,767 16,947 84,081 84,192 - 84,192 111 Indirect Costs - - - - - - 41,515 42,543 (1,028) 107,519 114,320 - 114,320 6,801 Travel - - - - - - - - - 10,000 10,000 - 10,000 - Contractual 4,000 5,647 (1,647) 2,000 - 2,000 2,000 11,524 (9,524) 22,000 59,000 - 59,000 37,000 Supplies & Materials 2,900 886 2,014 2,000 976 1,024 2,000 2,636 (636) 19,000 59,000 - 59,000 40,000 Equipment, Furniture and Machinery - - - - - - - - - 81,000 32,000 - 32,000 (49,000) Bradley Lake Operating Total 99,646 72,202 27,444 98,453 70,008 28,445 134,230 128,470 5,760 323,600 358,512 - 358,512 34,912 FERC 537 - Hydraulic Expenses Total 99,646 72,202 27,444 98,453 70,008 28,445 134,230 128,470 5,760 323,600 358,512 - 358,512 HEA 34,912 6/24/20202:48 PM2021-BradleyBudget-Amend1-063020.xlsxSch B Page 7 of 19 FY17 FY18 FY19 FY20 FY21 FY17 Amended Budget Actual (Over) Under Budget to date FY18 Amended Budget Actual (Over) Under Budget to date FY19 Amended Budget Actual (Over) Under Budget to date FY20 Amended Budget FY21 Approved Budget FY21 Proposed Change FY21 Approved Budget Increase (Decrease) from PY FERC 538 - Electric Expenses Electric Expenses Bradley Lake Operating Labor & Benefits 242,940 193,058 49,882 232,294 202,969 29,325 224,811 209,646 15,165 208,745 218,044 - 218,044 9,299 Indirect Costs - - - - - - 102,222 110,544 (8,322) 242,067 262,004 - 262,004 19,937 Travel 7,000 8,638 (1,638) 7,000 6,877 123 7,000 4,890 2,110 7,000 7,000 - 7,000 - Training 25,000 23,737 1,263 25,000 231 24,769 25,000 12,406 12,594 25,000 25,000 - 25,000 - Contractual 2,000 1,400 600 2,000 1,400 600 2,000 - 2,000 7,000 2,000 - 2,000 (5,000) Supplies & Materials 8,500 4,672 3,828 9,732 5,513 4,219 9,732 4,503 5,229 50,732 41,732 - 41,732 (9,000) Equipment, Furniture and Machinery - - - - - - - - - 63,000 73,000 - 73,000 10,000 Other Costs 5,000 - 5,000 5,000 Bradley Lake Operating Total 285,440 231,505 53,934 276,026 216,990 59,036 370,765 341,989 28,776 603,544 633,780 - 633,780 30,236 FERC 538 - Electric Expenses Total 285,440 231,505 53,934 276,026 216,990 59,036 370,765 341,989 28,776 603,544 633,780 - 633,780 HEA 30,236 FERC 539 - Misc. Hydraulic Power Generation Expenses Misc Hydro Power Exp Bradley Lake Operating Labor & Benefits 178,991 137,740 41,251 179,530 172,689 6,841 168,044 116,910 51,134 104,936 105,047 - 105,047 111 Indirect Costs - - - - - - 41,515 42,396 (881) 107,519 114,320 - 114,320 6,801 Training 15,000 829 14,171 15,000 10,363 4,637 15,000 4,245 10,755 15,000 15,000 - 15,000 - Contractual 297,048 214,899 82,149 287,525 212,841 74,684 287,525 147,555 139,970 287,525 287,525 - 287,525 - Supplies & Materials 17,900 19,695 (1,795) 17,900 18,271 (371) 17,900 31,565 (13,665) 17,900 17,900 - 17,900 - Bradley Lake Operating Total 508,939 373,162 135,777 499,955 414,164 85,791 529,984 342,671 187,313 532,879 539,791 - 539,791 HEA 6,912 BRADLEY CIRCUITS/RADIO TO BERNICE LK Other Costs 35,695 35,696 (1) 35,695 35,696 (1) 35,695 35,696 (1) 35,695 35,695 - 35,695 - BRADLEY CIRCUITS/RADIO TO BERNICE LK Total 35,695 35,696 (1) 35,695 35,696 (1) 35,695 35,696 (1) 35,695 35,695 - 35,695 HEA - BRADLEY CIRCUITS BERNICE LK TO ANCH Other Costs 29,773 29,540 233 29,773 29,728 45 29,773 29,524 249 29,773 29,773 - 29,773 - BRADLEY CIRCUITS BERNICE LK TO ANCH Total 29,773 29,540 233 29,773 29,728 45 29,773 29,524 249 29,773 29,773 - 29,773 CEA - FERC 539 - Misc. Hydraulic Power Generation Expenses Total 574,407 438,398 136,009 565,423 479,588 85,835 595,452 407,891 187,561 598,347 605,259 - 605,259 6,912 FERC 540 - Rents FERC Land Use Fee Bradley Lake Operating Other Costs 312,176 230,614 81,562 318,000 202,079 115,921 - (35,289) 35,289 - - - - - Bradley Lake Operating Total 312,176 230,614 81,562 318,000 202,079 115,921 - (35,289) 35,289 - - - - - FERC 540 - Rents Total 312,176 230,614 81,562 318,000 202,079 115,921 - (35,289) 35,289 - - - - AEA - FERC 541 - Maintenance Supervision & Engineering Maint Supervision/Eng Bradley Lake Operating Labor & Benefits 224,284 229,602 (5,318) 272,586 263,101 9,485 195,817 181,894 13,923 114,456 270,154 - 270,154 155,698 Indirect Costs - - - - - - 77,849 74,373 3,476 155,698 - - - (155,698) Bradley Lake Operating Total 224,284 229,602 (5,318) 272,586 263,101 9,485 273,666 256,267 17,399 270,154 270,154 - 270,154 - FERC 541 - Maintenance Supervision & Engineering Total 224,284 229,602 (5,318) 272,586 263,101 9,485 273,666 256,267 17,399 270,154 270,154 - 270,154 HEA - 6/24/20202:48 PM2021-BradleyBudget-Amend1-063020.xlsxSch B Page 8 of 19 FY17 FY18 FY19 FY20 FY21 FY17 Amended Budget Actual (Over) Under Budget to date FY18 Amended Budget Actual (Over) Under Budget to date FY19 Amended Budget Actual (Over) Under Budget to date FY20 Amended Budget FY21 Approved Budget FY21 Proposed Change FY21 Approved Budget Increase (Decrease) from PY FERC 542 - Maintenance of Structures Maintenance of Structures Bradley Lake Operating Labor & Benefits 92,746 65,629 27,117 94,453 70,197 24,256 85,438 67,934 17,504 76,499 77,639 - 77,639 1,140 Indirect Costs - - - - - - 37,066 37,809 (743) 97,823 105,421 - 105,421 7,599 Contractual 10,000 - 10,000 10,000 - 10,000 10,000 - 10,000 91,000 59,000 - 59,000 (32,000) Supplies & Materials 53,713 42,233 11,480 53,713 57,919 (4,206) 53,713 46,903 6,810 88,713 100,713 - 100,713 12,000 Equipment, Furniture and Machinery 11,500 8,318 3,182 7,000 8,513 (1,513) 7,000 6,879 121 32,000 52,000 - 52,000 20,000 Maintenance Projects - - - - 2,581 (2,581) - - - - - - - - Bradley Lake Operating Total 167,959 116,180 51,779 165,166 139,210 25,956 193,217 159,525 33,692 386,035 394,773 - 394,773 8,738 BRADLEY UPGRADE CREWS QUARTERS/RESIDENCE KITCHEN Contractual - - - - - - 165,000 - - - - - - - BRADLEY UPGRADE CREWS QUARTERS/RESIDENCE KITCHEN - - - - - - 165,000 - - - - - - - FERC 542 - Maintenance of Structures Total 167,959 116,180 51,779 165,166 139,210 25,956 358,217 159,525 198,692 386,035 394,773 - 394,773 HEA 8,738 FERC 543 - Maintenance of Reservoirs, Dams & Waterways Maint Res, Dams, WWays Bradley Lake Operating Labor & Benefits 50,409 50,035 374 50,610 9,314 41,296 45,552 4,723 40,829 45,080 40,744 - 40,744 (4,336) Indirect Costs - - - - - - 19,932 87 19,845 56,322 56,689 - 56,689 367 Travel 5,000 - 5,000 5,000 Contractual 5,200 63,704 (58,504) 6,500 - 6,500 6,500 7,600 (1,100) 6,500 6,500 - 6,500 - Supplies & Materials 15,000 - 15,000 15,000 Bradley Lake Operating Total 55,609 113,739 (58,130) 57,110 9,314 47,796 71,984 12,410 59,574 107,902 123,933 - 123,933 16,031 BRADLEY NUKA REPAIR Contractual 15,000 980 14,020 15,000 - 15,000 15,000 - 15,000 - - - - - Supplies & Materials - - - - - - - - - - - - - - Equipment, Furniture and Machinery - - - - - - - - - - - - - - BRADLEY NUKA REPAIR Total 15,000 980 14,020 15,000 - 15,000 15,000 - 15,000 - - - - - BRADLEY POWER TUNNEL MAINT (Dam) Contractual 15,000 9,431 5,569 15,000 - 15,000 15,000 - 15,000 15,000 15,000 - 15,000 - BRADLEY POWER TUNNEL MAINT (Dam) Total 15,000 9,431 5,569 15,000 - 15,000 15,000 - 15,000 15,000 15,000 - 15,000 - FERC 543 - Maintenance of Reservoirs, Dams & Waterways Total 85,609 124,151 (38,542) 87,110 9,314 77,796 101,984 12,410 89,574 122,902 138,933 - 138,933 HEA 16,031 6/24/20202:48 PM2021-BradleyBudget-Amend1-063020.xlsxSch B Page 9 of 19 FY17 FY18 FY19 FY20 FY21 FY17 Amended Budget Actual (Over) Under Budget to date FY18 Amended Budget Actual (Over) Under Budget to date FY19 Amended Budget Actual (Over) Under Budget to date FY20 Amended Budget FY21 Approved Budget FY21 Proposed Change FY21 Approved Budget Increase (Decrease) from PY FERC 544 - Maintenance of Electric Plant Maintenance of Elec Plant Bradley Lake Operating Labor & Benefits 370,983 266,161 104,822 379,102 291,662 87,440 342,265 285,366 56,899 273,620 309,110 - 309,110 35,490 Indirect Costs - - - - - - 148,789 156,963 (8,174) 368,424 423,178 - 423,178 54,754 Travel 4,500 740 3,760 4,500 - 4,500 4,500 216 4,284 4,500 4,500 - 4,500 - Contractual 79,000 36,844 42,156 70,000 59,793 10,207 70,000 69,475 525 49,000 86,000 - 86,000 37,000 Supplies & Materials 27,245 13,081 14,164 20,000 12,743 7,257 20,000 16,571 3,429 70,000 38,000 - 38,000 (32,000) Maintenance Projects - - - - - - - 44,926 (44,926) - - - - - Bradley Lake Operating Total 481,728 316,826 164,902 473,602 364,198 109,404 585,554 573,517 12,037 765,544 860,788 - 860,788 95,244 BRADLEY HIGH BAY LIGHTS Supplies & Materials - - - - - - 30,000 - 30,000 - - - - - BRADLEY HIGH BAY LIGHTS Total - - - - - - 30,000 - 30,000 - - - - - FERC 544 - Maintenance of Electric Plant Total 481,728 316,826 164,902 473,602 364,198 109,404 615,554 573,517 42,037 765,544 860,788 - 860,788 HEA 95,244 6/24/20202:48 PM2021-BradleyBudget-Amend1-063020.xlsxSch B Page 10 of 19 FY17 FY18 FY19 FY20 FY21 FY17 Amended Budget Actual (Over) Under Budget to date FY18 Amended Budget Actual (Over) Under Budget to date FY19 Amended Budget Actual (Over) Under Budget to date FY20 Amended Budget FY21 Approved Budget FY21 Proposed Change FY21 Approved Budget Increase (Decrease) from PY FERC 545 - Maintenance of Misc. Hydraulic Plant Maint of Misc Hydr Plant Bradley Lake Operating Labor & Benefits 92,746 66,129 26,617 94,453 86,833 7,620 85,438 70,963 14,475 69,395 69,297 - 69,297 (98) Indirect Costs - - - - - - 37,066 39,864 (2,798) 92,318 98,957 - 98,957 6,639 Contractual 3,900 5,274 (1,374) 3,900 2,009 1,891 3,900 - 3,900 3,900 3,900 - 3,900 - Supplies & Materials 43,000 20,631 22,369 35,000 49,502 (14,502) 35,000 33,168 1,832 63,000 58,000 - 58,000 (5,000) Bradley Lake Operating Total 139,646 92,034 47,612 133,353 138,344 (4,991) 161,404 143,995 17,409 228,613 230,154 - 230,154 1,541 BRADLEY FISH WATER DSGN/MIDDLE FORK SHACK IMPR Contractual 20,000 - 20,000 - - - - - - - - - - - Supplies & Materials - - - - 1,345 (1,345) - - - - - - - - BRADLEY FISH WATER DSGN/MIDDLE FORK SHACK IMPR Total 20,000 - 20,000 - 1,345 (1,345) - - - - - - - - FERC 545 - Maintenance of Misc. Hydraulic Plant Total 159,646 92,034 67,612 133,353 139,689 (6,336) 161,404 143,995 17,409 228,613 230,154 - 230,154 HEA 1,541 FERC 556 - System Control & Load Dispatching System Cntl & Load Disp Bradley Lake Operating Labor & Benefits 49,502 27,294 22,207 20,618 34,363 (13,745) 21,506 20,920 586 21,140 21,140 - 21,140 - Contractual 60,500 66,135 (5,635) 53,000 35,618 17,382 53,000 44,800 8,200 53,000 53,000 - 53,000 - Supplies & Materials 6,000 2,229 3,771 6,000 642 5,358 6,000 613 5,387 6,000 6,000 - 6,000 - Equipment, Furniture and Machinery - - - - 16,254 (16,254) - - - - - - - - Bradley Lake Operating Total 116,002 95,657 20,344 79,618 86,877 (7,259) 80,506 66,333 14,173 80,140 80,140 - 80,140 HEA - BRADLEY EMERSON ANTIVIRUS UPGRADE Contractual - - - - - - 40,000 41,740 (1,740) - - - - - BRADLEY EMERSON ANTIVIRUS UPGRADE Total - - - - - - 40,000 41,740 (1,740) - - - - HEA - 6/24/20202:48 PM2021-BradleyBudget-Amend1-063020.xlsxSch B Page 11 of 19 FY17 FY18 FY19 FY20 FY21 FY17 Amended Budget Actual (Over) Under Budget to date FY18 Amended Budget Actual (Over) Under Budget to date FY19 Amended Budget Actual (Over) Under Budget to date FY20 Amended Budget FY21 Approved Budget FY21 Proposed Change FY21 Approved Budget Increase (Decrease) from PY Snow Measurement Bradley Lake Operating Contractual 10,000 10,000 - 10,000 10,000 - 12,000 10,000 2,000 10,000 10,000 - 10,000 AEA - Bradley Lake Operating Total 10,000 10,000 - 10,000 10,000 - 12,000 10,000 2,000 10,000 10,000 - 10,000 - Seismic Service Bradley Lake Operating Contractual 60,370 61,358 (988) 62,000 61,285 715 62,000 61,569 431 62,000 62,000 - 62,000 AEA - Bradley Lake Operating Total 60,370 61,358 (988) 62,000 61,285 715 62,000 61,569 431 62,000 62,000 - 62,000 - Streamguaging Serv Bradley Lake Operating Contractual 310,000 157,164 152,836 213,137 213,137 - 206,291 186,291 20,000 209,917 259,615 - 259,615 AEA 49,698 Bradley Lake Operating Total 310,000 157,164 152,836 213,137 213,137 - 206,291 186,291 20,000 209,917 259,615 - 259,615 49,698 Permits Bradley Lake Operating Other Costs 100 450 (350) 350 250 100 350 250 100 350 350 - 350 AEA - Bradley Lake Operating Total 100 450 (350) 350 250 100 350 250 100 350 350 - 350 - FERC 556 - System Control & Load Dispatching Total 496,472 324,629 171,842 365,105 371,549 (6,444) 401,147 366,183 34,964 362,407 412,105 - 412,105 49,698 FERC 562 - Station Expenses Station Expenses SVC/Substation Maintenance Contract Labor & Benefits 130,414 151,868 (21,455) 123,726 111,165 12,561 94,718 83,226 11,492 59,774 55,712 - 55,712 CEA (4,062) Travel 6,000 - 6,000 6,000 1,701 4,299 2,000 1,632 368 4,000 4,500 - 4,500 CEA 500 Contractual 4,000 3,447 554 4,000 - 4,000 32,000 35,207 (3,207) 2,000 1,800 - 1,800 CEA (200) Supplies & Materials 16,000 3,848 12,152 16,000 2,678 13,322 21,000 17,692 3,308 12,000 10,000 - 10,000 CEA (2,000) Other Costs 4,000 1,148 2,852 4,000 8,618 (4,618) 4,000 1,112 2,888 2,000 - - - CEA (2,000) Equipment, Furniture and Machinery - - - - 795 (795) - - - - - - - CEA - Maintenance Projects - - - - 800 (800) - - - - - - - CEA - Labor & Benefits - - - 1,573 (1,573) - - - 27,298 27,298 - 27,298 HEA - Contractual - - - - 7,440 (7,440) - - - - - - - HEA - Supplies & Materials - - - - - - - - - 10,000 34,000 - 34,000 HEA 24,000 Equipment, Furniture and Machinery - - - - - - - - - - 13,000 - 13,000 HEA 13,000 SVC/Substation Maintenance Contract Total 160,414 160,311 103 153,726 134,770 18,956 153,718 138,869 14,849 117,072 146,309 - 146,309 29,238 FERC 562 - Station Expenses Total 160,414 160,311 103 153,726 134,770 18,956 153,718 138,869 14,849 117,072 146,309 - 146,309 29,238 6/24/20202:48 PM2021-BradleyBudget-Amend1-063020.xlsxSch B Page 12 of 19 FY17 FY18 FY19 FY20 FY21 FY17 Amended Budget Actual (Over) Under Budget to date FY18 Amended Budget Actual (Over) Under Budget to date FY19 Amended Budget Actual (Over) Under Budget to date FY20 Amended Budget FY21 Approved Budget FY21 Proposed Change FY21 Approved Budget Increase (Decrease) from PY FERC 571 - Maintenance of Overhead Lines Maint of OH Lines Bradley Lake Operating Labor & Benefits 179,671 7,014 172,657 82,402 2,907 79,495 31,120 12,110 19,010 27,459 27,459 - 27,459 - Travel 95,000 8,179 86,821 49,000 5,265 43,735 10,000 8,180 1,820 10,000 - - - (10,000) Contractual 50,000 - 50,000 86,000 56,046 29,954 50,000 17,875 32,125 50,000 100,000 - 100,000 50,000 Supplies & Materials 50,000 95 49,905 19,000 - 19,000 5,000 - 5,000 5,000 5,000 - 5,000 - Equipment, Furniture and Machinery - 584 (584) - - - - - - - - - - - Bradley Lake Operating Total 374,671 15,871 358,800 236,402 64,218 172,184 96,120 38,165 57,955 92,459 132,459 - 132,459 40,000 BRADLEY JUNCTION SWITCH REMOVAL Travel 5,000 - 5,000 - - - - - - - - - - - Contractual 70,000 73,076 (3,076) - - - - - - - - - - - Other Costs - - - - - - - - - - - - - - BRADLEY JUNCTION SWITCH REMOVAL Total 75,000 73,076 1,924 - - - - - - - - - - - MARKER BALL REPLACEMENT Labor & Benefits - 6,352 (6,352) - - - - - - - - - - - Travel 5,000 - 5,000 - - - - - - - - - - - Contractual 200,000 140,526 59,474 - 83 (83) - - - - - - - - Equipment, Furniture and Machinery - 1,235 (1,235) - - - - - - - - - - - MARKER BALL REPLACEMENT Total 205,000 148,113 56,887 - 83 (83) - - - - - - - - FERC 571 - Maintenance of Overhead Lines Total 654,671 237,060 417,611 236,402 64,301 172,101 96,120 38,165 57,955 92,459 132,459 - 132,459 HEA 40,000 FERC 920 & 930 - Administrative Expense AEA Bradley Admin Fees Bradley Lake Operating Administrative Costs 200,000 200,000 - 200,000 200,000 - 200,000 200,000 - 200,000 241,000 - 241,000 AEA 41,000 Administrative Costs 2,500 - 2,500 AEA 2,500 Travel 3,500 - 3,500 AEA 3,500 Bradley Lake Operating Total 200,000 200,000 - 200,000 200,000 - 200,000 200,000 - 200,000 247,000 - 247,000 47,000 Operating Committee Exp-Audit Bradley Lake Operating Administrative Costs 16,494 16,500 (6) 16,800 16,800 - 16,500 19,900 (3,400) 19,900 19,900 - 19,900 AEA - Bradley Lake Operating Total 16,494 16,500 (6) 16,800 16,800 - 16,500 19,900 (3,400) 19,900 19,900 - 19,900 - Operating Committee Exp-Legal Bradley Lake Operating Administrative Costs 25,000 57,444 (32,444) 25,000 115,610 (90,610) 25,000 140,453 (115,453) 30,000 70,000 - 70,000 AEA 40,000 Bradley Lake Operating Total 25,000 57,444 (32,444) 25,000 115,610 (90,610) 25,000 140,453 (115,453) 30,000 70,000 - 70,000 40,000 6/24/20202:48 PM2021-BradleyBudget-Amend1-063020.xlsxSch B Page 13 of 19 FY17 FY18 FY19 FY20 FY21 FY17 Amended Budget Actual (Over) Under Budget to date FY18 Amended Budget Actual (Over) Under Budget to date FY19 Amended Budget Actual (Over) Under Budget to date FY20 Amended Budget FY21 Approved Budget FY21 Proposed Change FY21 Approved Budget Increase (Decrease) from PY Operat Committee Exp-Arbitrage Bradley Lake Operating Administrative Costs 3,630 3,630 - 3,380 2,535 845 2,935 2,785 150 3,000 5,000 - 5,000 AEA 2,000 Bradley Lake Operating Total 3,630 3,630 - 3,380 2,535 845 2,935 2,785 150 3,000 5,000 - 5,000 2,000 Trust & Account Fees Bradley Lake Operating Administrative Costs 12,000 11,918 82 11,918 11,918 - 11,918 11,918 - 11,918 12,000 1,000 13,000 AEA 82 Bradley Lake Operating Total 12,000 11,918 82 11,918 11,918 - 11,918 11,918 - 11,918 12,000 1,000 13,000 82 Misc Admin Bradley Lake Operating Administrative Costs - 10,000 (10,000) 10,000 10,350 (350) 10,350 11,646 (1,296) 11,646 12,000 - 12,000 AEA 354 Bradley Lake Operating Total - 10,000 (10,000) 10,000 10,350 (350) 10,350 11,646 (1,296) 11,646 12,000 - 12,000 354 FERC 920 & 930 - Administrative Expense Total 257,124 299,492 (42,368) 267,098 357,213 (90,115) 266,703 386,702 (119,999) 276,464 365,900 1,000 366,900 89,436 FERC 924 & 925 - Insurance Premiums Insurance Premiums Bradley Lake Operating Administrative Costs 500,000 502,391 (2,391) 525,000 580,915 (55,915) 600,834 599,218 1,616 575,000 600,000 92,019 692,019 AEA 25,000 Administrative Costs 64,637 52,279 12,358 56,000 43,790 12,210 56,000 18,422 37,578 56,000 56,000 - 56,000 HEA - Bradley Lake Operating Total 564,637 554,670 9,967 581,000 624,705 (43,705) 656,834 617,640 39,194 631,000 656,000 - 748,019 25,000 FERC 924 & 925 - Insurance Premiums Total 564,637 554,670 9,967 581,000 624,705 (43,705) 656,834 617,640 39,194 631,000 656,000 92,019 748,019 25,000 FERC 928 - Regulatory Commission Expenses FERC Admin Fees Administrative Costs 180,000 122,210 57,791 185,000 176,523 8,477 185,000 101,775 83,225 185,000 175,000 - 175,000 AEA (10,000) Bradley Lake Operating Total 180,000 122,210 57,791 185,000 176,523 8,477 185,000 101,775 83,225 185,000 175,000 - 175,000 - FERC Related Prof Services FERC Part 12 Inspection Administrative Costs 25,000 24,113 887 - - - - - - - 75,000 - 75,000 AEA 75,000 Contractual Engineer-FERC license issues Administrative Costs 100,000 144,264 (44,264) 125,000 100,999 24,001 125,000 104,560 20,440 100,000 110,000 - 110,000 AEA 10,000 Bradley Lake Operating Total 125,000 168,377 (43,377) 125,000 100,999 24,001 125,000 - 125,000 100,000 185,000 - 185,000 85,000 FERC 928 - Regulatory Commission Expenses Total 305,000 290,586 14,414 310,000 277,522 32,478 310,000 206,335 103,665 285,000 360,000 - 360,000 75,000 Total Bradley Lake Budget 5,154,110 4,011,784 1,142,326 4,593,387 3,985,722 607,665 4,787,467 4,019,975 767,492 5,351,042 5,681,783 93,019 5,774,802 330,741 6/24/20202:48 PM2021-BradleyBudget-Amend1-063020.xlsxSch B Page 14 of 19 ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT Monthly Utility Contributions Schedule C FY2017 FY2018 FY2019 FY2020 FY2021 FY2021 FY2021 FY2020 to Percent Amended Amended Amended Amended Approved Proposed Amend 1 FY2021 Power Purchaser Share Budget Budget Budget Budget Budget Change Budget Change Chugach Electric 30.4%5,941,176 6,025,086 5,778,204 5,953,680 4,709,196 85,620 4,794,816 (1,158,864) Municipality of Anchorage 25.9%5,061,732 5,133,216 4,922,868 5,072,376 4,012,128 72,936 4,085,064 (987,312) Homer Electric 12.0%2,345,208 2,378,322 2,280,864 2,350,140 1,858,896 33,792 1,892,688 (457,452) Matanuska Electric 13.8%2,696,988 2,735,076 2,622,996 2,702,664 2,137,740 38,856 2,176,596 (526,068) Golden Valley Electric 16.9%3,302,832 3,349,470 3,212,220 3,309,780 2,617,944 47,604 2,665,548 (644,232) City of Seward 1.0%195,432 198,192 190,068 195,840 154,908 2,820 157,728 (38,112) Rounding 3 (1) 5 5 - 5 100.0%19,543,371 19,819,362 19,007,219 19,584,485 15,490,817 281,628 15,772,445 (3,812,040) FY2018 Percent FY2017 Monthly FY2019 FY2020 FY2021 FY2021 FY2021 Power Purchaser Share Monthly Accelerated Monthly Monthly Monthly Monthly Changes Amend 1 Monthly Chugach Electric 30.4%495,098 1,004,181 481,517 496,140 392,433 7,135 399,568 (96,572) Municipality of Anchorage 25.9%421,811 855,536 410,239 422,698 334,344 6,078 340,422 (82,276) Homer Electric 12.0%195,434 396,387 190,072 195,845 154,908 2,816 157,724 (38,121) Matanuska Electric 13.8%224,749 455,846 218,583 225,222 178,145 3,238 181,383 (43,839) Golden Valley Electric 16.9%275,236 558,245 267,685 275,815 218,162 3,967 222,129 (53,686) City of Seward 1.0%16,286 33,032 15,839 16,320 12,909 235 13,144 (3,176) 100.0%1,628,614 3,303,227 1,583,935 1,632,040 1,290,901 23,469 1,314,370 (317,670) 6/24/20202:48 PM2021-BradleyBudget-Amend1-063020.xlsxSch C Page 15 of 19 ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT R&C Fund Disbursements and Repayments Schedule D Actual ACTUAL Actual ACTUAL PROJECTED PROJECTED PROJECTED PROJECTED TO REPAY TO REPAY TO REPAY TO REPAY Description Disburse at 06/30/18 Disburse at 06/30/19 Disburse at 06/30/20 Disburse at 06/30/21 R&C FUND PROJECTS Governor 0.00 4,052,070.14 0.00 4,052,070.14 0.00 4,052,070.14 0.00 4,052,070.14 Replace RFLS 0.00 251,092.69 0.00 251,092.69 0.00 251,092.69 0.00 251,092.69 Replace Runners 0.00 1,946,732.79 0.00 1,946,732.79 0.00 1,946,732.79 0.00 1,946,732.79 Replace cable from dam to power house 0.00 2,321,922.94 0.00 2,321,922.94 0.00 2,321,922.94 0.00 2,321,922.94 Replace power system stabilizer 0.00 619,205.10 0.00 619,205.10 0.00 619,205.10 0.00 619,205.10 Replace two RTUs 0.00 86,905.27 0.00 86,905.27 0.00 86,905.27 0.00 86,905.27 Culvert Repairs 0.00 675,966.79 0.00 675,966.79 0.00 675,966.79 0.00 675,966.79 Trans Towers Frost Jacking Repairs 0.00 887,596.62 0.00 887,596.62 0.00 887,596.62 0.00 887,596.62 Replace Plant and SCADA Controls 0.00 1,344,683.05 0.00 1,344,683.05 0.00 1,344,683.05 0.00 1,344,683.05 Vibration Monitoring System 0.00 490.00 0.00 490.00 0.00 490.00 0.00 490.00 Battle Creek Feasibility 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Fire Alarm System Replacement 0.00 0.00 0.00 0.00 150,000.00 150,000.00 150,000.00 300,000.00 Battle Creek Diversion 0.00 1,170,000.00 0.00 1,170,000.00 0.00 1,170,000.00 0.00 1,170,000.00 Replace Electro-Mechanical Relays 0.00 1,277,197.06 0.00 1,277,197.06 0.00 1,277,197.06 0.00 1,277,197.06 Fishwater Screen Debris Removal 0.00 312,236.43 0.00 312,236.43 0.00 312,236.43 0.00 312,236.43 Turbine Nozzle Repair 0.00 1,428,861.07 0.00 1,428,861.07 0.00 1,428,861.07 0.00 1,428,861.07 Spillway Raise 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 SVC replacement Daves Creek | Soldotna 1,341,405.96 8,517,991.11 0.00 8,517,991.11 0.00 8,517,991.11 0.00 8,517,991.11 Equipment Storage Shed 0.00 0.00 510,550.13 510,550.13 0.00 510,550.13 0.00 510,550.13 Emerson Operating System Upgrade 0.00 0.00 622,665.00 622,665.00 0.00 622,665.00 0.00 622,665.00 Generator #2 Relacement 0.00 0.00 582,341.67 582,341.67 0.00 582,341.67 0.00 582,341.67 Road Grader 0.00 0.00 0.00 0.00 0.00 0.00 370,000.00 370,000.00 1,341,405.96 24,892,951.06 1,715,556.80 26,608,507.86 150,000.00 26,758,507.86 520,000.00 27,278,507.86 Current Year R&C Repayment (2,793,306.00) (2,746,068.00) (2,212,788.96) (931,740.69) Adjust bal to $5 mill (won't be corrected until year end) 0.00 0.00 0.00 0.00 Less Interest in Fund Applied to Repayment (226,781.00) (117,149.21) 0.00 0.00 Net Transfer from Revenue Fund (3,020,087.00) (2,863,217.21) (2,212,788.96) (931,740.69) Cumulative Prior Years R&C Repayments (17,886,155.09) (20,465,255.55) (23,240,089.01) (25,452,877.97) Due back to Utilities 440,986.54 88,383.75 0.00 0.00 R&C Cumulative Interest (Retained) Applied As Part of Repayment 0.00 0.00 0.00 0.00 Net R&C Repayments (17,445,168.55) (20,376,871.80) (23,240,089.01) (25,452,877.97) NET DUE TO R&C FUND 4,427,695.51 3,368,418.85 1,305,629.89 893,889.20 R&C FUND CASH FLOW PROJECTION Beginning Investment Balance 3,219,624.39 1,013,291.03 2,435,913.25 3,694,370.11 Disbursements-current year (1,341,405.96) (999,608.45) (150,000.00) (520,000.00) Disbursements-prior year accrued (2,737,351.03) 0.00 (715,948.35) 0.00 R&C Repayment to utilities (1,147,663.37) (440,986.54) (88,383.75) 0.00 Net other cash inflow(outflow) 0.00 0.00 0.00 0.00 Current year interest earnings 226,781.00 117,149.21 0.00 0.00 Current year Participants Contributions to R&C 2,793,306.00 2,746,068.00 2,212,788.96 931,740.69 Ending Investment Balance 1,013,291.03 2,435,913.25 3,694,370.11 4,106,110.80 Accrued R&C Payable at year end-Due to Utilities (440,986.54) (88,383.75) 0.00 0.00 Accrued R&C vendor Payable at year end 0.00 (715,948.35) 0.00 0.00 PROJECTED NET DUE + ENDING INVESTMENT BALANCE 5,000,000.00 5,000,000.00 5,000,000.00 5,000,000.00 REPAYMENT AMOUNT $3,330,802.80 X 25% yr 1 | 32% yr 2 |25% yr 3 | 18% yr 43rd yr 832,700.70 4th yr 599,544.50 $5,644,193.08 x 25% all 4 years 2nd yr 1,411,048.27 3rd yr 1,411,048.27 4th yr 1,411,048.27 $1,341,405.96 x 25% all 4 years 1st yr 335,351.49 2nd yr 335,351.49 3rd yr 335,351.49 4th yr 335,351.49 $1,715,556.80 x 25% all 4 years 1st yr 428,889.20 2nd yr 428,889.20 3rd yr 428,889.20 $150,000 x 25% all 4 years 1st yr 37,500.00 2nd yr 37,500.00 $520,000 x 25% all 4 years 1st yr 130,000.00 2,579,100.46 2,774,833.46 2,212,788.96 931,740.69 6/24/20202:48 PM2021-BradleyBudget-Amend1-063020.xlsx Sch D Page 16 of 19 ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT Battle Creek Capital Construction Purchases Schedule E FY18 FY19 FY20 FY21 Approved Approved Actuals Actuals Budget Budget Comments Battle Creek Diversion 333,860 - - Total Construction 333,860 - - - Used 2007 Chevrolet Silverado 8,800 - - Used 2006 Chevrolet Silverado 7,700 - - Battle Creek Diversion - 149,941 425,000 320,000 Claims consultants Total capital revenue fund purchases 16,500 149,941 425,000 320,000 Capital Construction Project Description 6/24/20202:48 PM2021-BradleyBudget-Amend1-063020.xlsxSch E Page 17 of 19 ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT Battle Creek Administrative Costs Budget Schedule F - - HEA 262,438 HEA 268,524 HEA 92,569 92,569 CEA - CEA - CEA - CEA - - AEA 43,000 AEA 191,550 AEA 126,900 AEA 162,900 162,900 FY18 FY19 FY20 FY21 FY18 Amended Budget Actual @ 12/31/18 (Over) Under Budget FY19 Amended Budget Actual (Over) Under Budget FY20 Approved Budget FY21 Approved Budget FY21 Proposed Change FY21 Amend 1 Budget Increase (Decrease) from PY Summary by cost type - - Administrative Costs 43,000 137,435 (94,435) 453,988 527,724 (73,736) 395,424 251,469 - 255,469 (139,955) Battle Creek O&M - - - - - - - 181,245 - 181,245 181,245 43,000 137,435 (94,435) 453,988 527,724 (73,736) 395,424 432,714 - 436,714 41,290 Bradley Lake O&M 4% charge to Battle Creek Battle Creek O&M - - - - - - - 181,245 - 181,245 181,245 FERC 920 & 930 - Administrative Expense Battle Creek Admin Fees Administrative Costs - 3,525 (3,525) 8,193 7,421 772 12,274 HEA 11,419 - 11,419 HEA (855) Administrative Costs 22,000 22,000 - 168,000 168,000 - 105,000 AEA 122,000 - 122,000 AEA 17,000 Battle Creek Admin Fees Total 22,000 25,525 (3,525) 176,193 175,421 772 117,274 133,419 - 133,419 16,145 Operating Committee Exp-Owners Representative Administrative Costs - 89,196 (89,196) 254,245 311,652 (57,407) 256,250 HEA 81,150 - 81,150 HEA (175,100) Operating Committee Exp-Owners Representative Total - 89,196 (89,196) 254,245 311,652 (57,407) 256,250 81,150 - 81,150 (175,100) Operating Committee Exp-Legal Administrative Costs 15,000 17,082 (2,082) 15,000 34,795 (19,795) 15,000 AEA 30,000 - 30,000 AEA 15,000 Operating Committee Exp-Legal Total 15,000 17,082 (2,082) 15,000 34,795 (19,795) 15,000 30,000 - 30,000 15,000 Operat Committee Exp-Arbitrage Administrative Costs 2,000 2,180 (180) 2,000 1,690 310 2,000 AEA 2,000 - 2,000 AEA - Operat Committee Exp-Arbitrage Total 2,000 2,180 (180) 2,000 1,690 310 2,000 2,000 - 2,000 - Trust & Account Fees Administrative Costs 3,500 1,197 2,303 6,550 4,083 2,467 4,800 AEA 4,800 4,000 8,800 AEA 4,000 Trust & Account Fees Total 3,500 1,197 2,303 6,550 4,083 2,467 4,800 4,800 4,000 8,800 4,000 Operating Committee Exp-Other Administrative Costs 500 2,255 (1,755) - 83 (83) 100 AEA 100 - 100 AEA - Operating Committee Exp-Other Total 500 2,255 (1,755) - 83 (83) 100 100 - 100 - FERC 920 & 930 - Administrative Expense Total 43,000 137,435 (94,435) 453,988 527,724 (73,736) 395,424 251,469 4,000 255,469 (139,955) Total Bradley Lake Budget 43,000 137,435 (94,435) 453,988 527,724 (73,736) 395,424 432,714 4,000 436,714 41,290 6/24/20202:48 PM2021-BradleyBudget-Amend1-063020.xlsxSch F Page 18 of 19 ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT Battle Creek Monthly Participating Purchaser Contributions Schedule G FY2018 FY2018 FY2018 FY2017 7/28/2017 2/2/2018 3/5/2018 FY2019 FY2020 FY2021 FY2021 FY2021 FY2019 to Percent Amended Amended Amended Amend 3 Amended Amended Approved Proposed Amend 1 FY2020 POWER PURCHASER Share Budget Budget Budget *(1)Budget Budget Budget Budget Change Budget Change Chugach Electric Association 39.38%315,040 157,520 236,521 249,416 519,711 1,008,930 976,452 913,019 1,889,471 (32,478) Municipal Light & Power 0.00%- - - - - - - - - - Homer Electric Association 41.44%331,520 165,760 116,938 262,463 546,898 1,061,708 1,027,531 960,780 1,988,311 (34,177) Matanuska Electric Association 17.88%143,040 71,520 107,389 113,244 235,968 458,092 443,346 414,545 857,891 (14,746) Golden Valley Electric Association 0.00%- - - - - - - - - - City of Seward 1.30%10,400 5,200 7,808 8,234 17,157 33,306 32,234 30,141 62,375 (1,072) Rounding 1 - - - 100.00%800,000 400,000 468,657 633,357 1,319,734 2,562,036 2,479,563 2,318,485 4,798,048 (82,473) FY2018 FY2018 Percent March April-June FY2019 FY2020 FY2021 POWER PURCHASER Share Contibution Monthly Monthly Monthly Proposed Chugach Electric Association 39.38%- - 59,130 80,749 43,309 86,867 81,371 76,085 157,456 Municipal Light & Power 0.00%- - - - - - - - - Homer Electric Association 41.44%- - 29,235 51,985 45,575 91,411 85,627 80,065 165,692 Matanuska Electric Association 17.88%- - 26,847 36,663 19,664 39,441 36,946 34,545 71,491 Golden Valley Electric Association 0.00%- - - - - - - - - City of Seward 1.30%- - 1,952 2,666 1,430 2,868 2,686 2,512 5,198 100.0%- - 117,164 172,064 109,978 220,587 206,630 193,207 399,837 * (1) The calculation the FY2018 2/2/2018 Amended Budget is shown below. Original Corrected Contributions FY2018 Capital Capital Other Prior to 2/2/2018 Reserve Reserve Available Other Amended Contributions Contributions Funds Available Funds Budget 1,246,143 1,101,213 144,930 381,451 236,521 - - - - - 1,443,286 1,158,819 284,467 401,405 116,938 565,796 499,992 65,804 173,193 107,389 - - - - - 41,137 36,353 4,784 12,592 7,808 (1) 1 3,296,363 2,796,378 499,985 968,640 468,657 6/24/20202:48 PM2021-BradleyBudget-Amend1-063020.xlsxSch G Page 19 of 19 BPMC West Fork Upper Battle Creek Update June 30, 2020 Events: Concrete dam spillway poured. Miscellaneous steel, equipment, and concrete patching at dam. Pipe installed on Upper Access Road above Wall 4. Anchor blocks, air vents, bedding, and conduit are being installed with the pipe. Schedule: Completion of diversion structure (additional rip rap & concrete apron) in May. Fusing & installation of HDPE pipe to be completed in June followed by testing and commissioning of electrical controls & equipment. Connection of HDPE pipe to fiberglass pipe at intake occurring late June – early July. Installation and testing of electric controls in July. Contract substantial completion date July 22, 2020 and final completion date August 31, 2020 has not changed. Budget: Construction contract bid was $36.476M. Contract Change Orders to date: $71,926. Cost within initial project financing. Photo 1: Diversion Dam June 3, 2020 Photo 2: Diversion Dam Photo 3: Fusing Pipe along Upper Access Road Photo 4: Fusing Pipe at the Wall 2 bends. Photo 5: Dam spill Bradley Lake Operator Report Page 1 Bradley Lake Operators Report BPMC June 30, 2020 Unit Statistics: Generation Unit 1 (MWhrs) Unit 2 (MWhrs) Total (MWhrs) March April May June* 26,397 22,536 19,731 9,596 19,710 17,825 15,720 9,124 46,107 40,362 35,451 18,720 Hydraulics Avg. Lake Level (ft.) Usage (ac ft.) Fish water (CFS) March April May June* 1137.6 1122.1 1113.7 1114.3 48,464 42,615 38,270 20,859 48.7 AVG 84.8 AVG 122.4 AVG 127.5 AVG Lake Level 1114.2 – as of June 18, 2020 Spill is at 1180’ Lake Minimum at 1080’ *As of June 18,2020 Capital Projects: 1) Lake Level – the lake level has been pulled down considerably. We are approaching average lake levels but there appears to be little inflow as nearly all of the snowpack has melted with the warm weather. See the attached chart. 2) Budget Impact due to COVID-19 – We are coming to the end of Bradley’s fiscal year and there are significant impacts due to the COVID-19 issue. Usually the issue was bringing outside contractors in to provide services and consulting. Please see the preliminary documents attached to this report. Note that these numbers are only current through May with June and year end to be still added. We will be working with the Budget subcommittee to determine the impact and to provide further information as the end of the fiscal year data becomes available. Operations, Maintenance, and Inspections: 1) March Unit availability –Unit 1 100%, Unit 2 100%. Capacity factor for March for Unit 1 was 56.3% and for Unit 2 42.1%. Bradley Lake Operator Report Page 2 2) April Unit availability –Unit 1 98.79%, Unit 2 97.7%. Capacity factor for April for Unit 1 was 49.6% and for Unit 2 39.3%. Availability was impacted by the one day of required gate testing. 3) May Unit availability –Unit 1 99.3%, Unit 2 98.97%. Capacity factor for April for Unit 1 was 42.1% and for Unit 2 33.5%. 4) June (as of June 18) Unit availability –Unit 1 100%, Unit 2 100%. Capacity factor for April for Unit 1 was 42.3% and for Unit 2 40.2%. 5) Job Focus - We are focusing on jobs that require only one person, cleaning, painting, road maintenance, lighting upgrades. general plant maintenance etc. 6) Bears –Bears continue to be seen frequently but have seemed to stay away from the camp. Lake Level Chart as of June 19 Bradley Lake Operator Report Page 3 Aerial shot of the Diversion Structure and waterfall Bradley Lake Operator Report Page 4 Distance shot of the Battle Creek Waterfall REMAINING NOTES BUDGET FERC CODE 535 OPERATION SUPERVISION & ENGINEERING These numbers are as of MAY, June is yet to be posted TOTAL 86,868.55 FERC CODE 537 HYDRAULIC OPERATION (Reservoir,Dams,Waterways) 537.73 D. Hittle Maintenance Projects FY2020 Many maintenance projects deferred TOTAL 153,911.84 FERC CODE 538 ELECTRIC PLANT OPERATION 538.73 D. Hittle Maintenance Projects FY2020 Many maintenance projects deferred TOTAL 98,688.57 FERC CODE 539 HYDRAULIC POWER GENERATION OPERATIONS TOTAL 193,899.41 FERC CODE 541 MAINTENANCE SUPERVISION AND ENGINEERING ACCT DESC: General supervision and engineering of project operation not directly chargeable to other accounts ACCT DESC: Clerical & administrative support, patrolling & inspecting project, janitorial services & supplies, grounds care, snow removal, road grading, consumable products - light bulbs, paper products, office supplies, first aid supplies and safety equipment. DIS communication services, phone bills, fuel, storage, yard activities, procurement, accounting ACCT DESC: For project features outside of the powerhouse (i.e. debris & ice removal, inspection of dam, reservoir, diversions, duck ponds, tailrace, barge dock, roads, airport, recreation facilities, fish & game & environmental studies, data pod readings.) ACCT DESC: For prime movers, generators, switchgear and other auxiliary equipment within the powerhouse. Oil purification, relay & meter adjustments, plant records, adjusting relays, controls & instruments ACCT DESC: General Supervision & Engineering of project maintenance not directly chargeable to other accounts. Page 1 of 3 REMAINING NOTES BUDGET TOTAL 87,090.06 FERC CODE 542 MAINTENANCE OF STRUCTURES 542.85 D. Hittle Maintenance Projects FY2020 Many maintenance projects deferred TOTAL 202,868.11 FERC CODE 543 MAINTENANCE OF RESERVOIR,DAMS,WATERWAYS TOTAL 120,139.91 FERC CODE 544 MAINTENANCE OF ELECTRIC PLANT 544.42 Miscellaneous Service Contracts 7,781.75 Many maintenance projects deferred 544.42 D. Hittle Maintenance Projects FY2020 (All Contractual)17,534.64 Many maintenance projects deferred 544.44 Relay Repairs/Maintenance 7,922.84 Many maintenance projects deferred 544.73 Replace High Bay Lighting in Power Plant 37,187.89 Lighting on order delayed due to COVID TOTAL 162,056.55 FERC CODE 545 MAINTENANCE OF MISCELLANEOUS HYDRAULIC PLANT ACCT DESC: Includes duplexes, crew quarters, maintenance building, cold storage, incinerator building, fuel facility, airport & jetty building, misc. out buildings. Includes gatehouse and diversions works outlet - excluding operating mechanisms within the structures such as gates, hydraulics, generator, pumps & valves. ACCT DESC: Activities related to repair and up-grade of dams, spillway, tailrace, diversion channels and dikes - not to include inspection of these features or cleaning of reservoir. ACCT DESC: Activities related to tunnel, road rebuilding, culver repair and installation, dock & jetty repairs, airport repair including lighting and wind socks, camp sites duck ponds and related water control structure repairs bridge ACCT DESC: All activities related to maintenance and repair within the powerhouse. Includes major equipment such as generator, turbines, valves, support systems, crane control panel gates, heating and ventilation, governors, compressors, fire systems, diesel gen set, utility systems, but excludes the substation and communications. Page 2 of 3 REMAINING NOTES BUDGET 545.73 D. Hittle Maintenance Projects FY2020 (All Supplies & Materials)27,687.23 Many maintenance projects deferred TOTAL 49,880.41 FERC CODE 556 SYSTEM CONTROL AND LOAD DISPATCHING TOTAL (15,768.35) 925.00 INJURIES AND DAMAGES ACCT DESC: Insurance for aviation and general liability TOTAL 36,809.02 FY20 BRADLEY BUDGET REMAINING (EXCLUDES June and EOY)1,176,444.08 ACCT DESC: SCADA Operations & Communication, CEA dispatching functions, energy allocations, hydrologic data gathering and record keeping, switching activities, establishing safety clearances, operating report maintenance and computer LAN. camp sites, duck ponds and related water control structure repairs, bridge maintenance, rolling stock and misc. equipment maintenance, mechanical, electrical and hydraulic operating mechanisms at gate houses and diversion works, project utility repairs such as sewer & water and electric distribution for project facilities Page 3 of 3 YTD ACTUAL BUDGET REMAINING Notes FY20 FY20 BUDGET 331.16 BATTLE CREEK BRIDGE REPAIR AND REFURBISHMENT - 220,000.00 220,000.00 Elected not to do this year as it would interfere with ORION and crews quarters not avalible 334.02 UPS REPLACEMENT 65,696.21 75,000.00 9,303.79 equipment on site, cannot install due to COVID restriction and crews quarters not avalible 334.03 IRIS AIR GAP MONITORING SYSTEM 41,719.63 45,000.00 3,280.37 equipment on site, cannot install due to COVID restriction and crews quarters not avalible 335.06 FIRE ALARM SYSTEM REPLACEMENT 33,133.82 150,000.00 116,866.18 Started project but limited the consultant 's site visits and crews quarters not avalible 335.27 DUMP TRUCK REPLACEMENT - 170,000.00 170,000.00 Factory shut down due to COVID. Expected delivery September 335.28 PICK UP TRUCK 41,484.00 45,000.00 3,516.00 Complete 335.29 ROUGH TERRAIN FORK LIFT 131,593.31 130,000.00 (1,593.31) Complete TOTAL 313,626.97 835,000.00 521,373.03 YTD ACTUAL BUDGET REMAINING FY19 CARRY OVER FY19 BUDGET 333.11 GENERATOR #2 REPAIR 188,390.04 368,000.00 179,609.96 Factory shut down due to COVID. Expected delivery August 335.00 REPLACE FISH WATER VALVE ACTUATORS 2,931.49 5,350.00 2,418.51 FY19 CARRY OVER TOTAL 191,321.53 373,350.00 182,028.47 TOTAL 2020 BUDGET IMPACT DUE TO COVID $703,401.50 333.11Generator Pole repair / replace 3 poles repaired but not replaced, still at least three to repair after replacement 333.11Divider replacement equipment on site, cannot install due to COVID and operating restrictions Page 1 of 1 Bradley O&D Report to the BPMC Friday June 30, 2020 1. Committee Members: a. Sarauer & Howard (GVEA) - Chair b. Thornton & Vogel (CEA) - Vice Chair c. Patrick & Day (HEA) d. Warner & Langford (AMLP) e. Crowell & McKimson (MEA) f. Carey & Warren (AEA) g. Gillis (Seward) 2. SQ and SS Line Purchase Proposal a. Discussion with Kirk Gibson concerning scope of information required from Bradley O&D Committee. b. Economic evaluation of: i. reduced losses as a result from a line upgrade ii. benefits of increase in capacity from a line upgrade iii. benefits of increased reliability from multiple parties participating in funding line maintenance iv. Economic impact of the line being out of service c. Evaluation of PSA and what is “Project Work” and “Required Work” d. Analysis of benefits and resolution expected to be completed and reviewed prior to July 17 Bradley O&D Meeting where it will be voted on for approval. 3. Bradley Lake Report a. Correction to Gate Testing conducted in April – control logic error was detected and is being corrected b. ABB sale to Hitachi – could be impacted by executive order on procurement. c. Dave’s Creek and Soldotna SVC Bond holder transfer from CEA to AEA is in progress. 4. Water and Lake Level Report: a. Bradley Lake Water Report reviewed and proposal to migrate legacy spreadsheets to one Water Tracking Report to eliminate multiple workbooks and duplicate date. 5. Battle Creek Update a. Battle Creek Report reviewed b. Data and Control is progressing, TekPro is working with Emerson and Bob Day to work out details for displays. 6. COVID-19 Update a. Meetings resumed in person at AEA Headquarters with video conferencing available. Bradley Lake Budget to Actual Expense Report 07/01/2019 to 03/31/2020 Page 1 of 8 ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT Schedule A-1 Expenses for the period 07/01/19 to 03/31/20 FY18 FY19 FY20 FY20 ACTUALS ACTUALS BUDGET ACTUALS Replace/Automate Fish Water Valve Actuators 361,430 17,142 - 2,931 Equipment storage shed (unheated bus barn) 67,539 - - - 1 ton Flatbed with Plow 57,016 - - - Battle Creek Bridge Repair Refurbishment (2) - - 220,000 - Mobil Crane 40 to 50 tons (used) 88,875 - - - Replace Michigan Loader 263,306 - - - Upgrade Crews Quarters and Residents Kitchen 1,850 - - - Replace 1988 Suburban Ambulance 59,430 5,350 - - 1/2 ton Pick up truck 34,693 - - - Replace High Bay Lighting in Power Plant 19,920 - - - Turbine Nozzle Repair - - - - Tire Machine - 15,246 - - UPS Replacement - - 75,000 65,696 IRIS Air Gap Monitoring System (computer) - - 45,000 41,720 Replace Dump Truck and Sander - - 170,000 - Rough Terrain Fork Lift (with Plow) - - 130,000 131,593 Pick up Truck - - 45,000 41,484 Total Non R&C Capital Purchases 954,059 37,738 685,000 283,425 CAPITAL PURCHASES NOT FUNDED BY R&C FUND Page 2 of 8 ALASKA ENERGY AUTHORITY BRADLEY LAKE OPERATIONS & MAINTENANCE SCHEDULE B BUDGET TO ACTUAL EXPENSES FOR THE PERIOD 07/01/2019 THROUGH 03/31/2020 FY 20 FY 19 FY20 Approved Budget BUDGET % 07/01/2019 - 03/31/2020 HEA Actual CEA Actual AEA Actual Total Actual (Over) Under Budget to Date FY19 Approved Budget FY19 Actual Summary by expense type Default - - - - - - - - - Labor & Benefits 1,219,936 914,952 699,265 35,602 - 734,867 180,085 1,572,497 1,307,514 Travel 45,950 34,463 7,732 531 - 8,263 26,200 33,950 28,380 Training 49,300 36,975 5,588 - - 5,588 31,388 49,300 20,957 Contractual 869,842 652,382 254,417 11,454 184,349 450,219 202,163 1,033,216 633,895 Supplies & Materials 346,345 259,759 96,782 255 - 97,037 162,722 204,345 156,340 Other Costs 67,818 50,864 26,772 21,873 758 49,402 1,462 69,818 31,293 Equipment, Furniture and Machinery 176,000 132,000 55,620 - - 55,620 76,380 7,000 6,879 Maintenance Projects - - 313 - - 313 (313) - 44,926 Administrative Costs 1,192,464 894,349 15,429 - 881,769 897,198 (2,849) 1,233,537 1,210,676 Indirect Costs 1,383,388 1,037,542 905,811 - - 905,811 131,731 583,803 579,115 5,351,043 4,013,286 2,067,727 69,715 1,066,875 3,204,318 808,968 4,787,466 4,019,975 FERC 535 - Operation Supervision & Engineering Operations Sup/Eng Bradley Lake Operating Labor & Benefits 107,453 80,590 60,681 - - 60,681 19,909 189,074 182,059 Travel 10,450 7,838 98 - - 98 7,740 10,450 13,462 Training 9,300 6,975 991 - - 991 5,984 9,300 4,305 Contractual 1,000 750 41 - - 41 709 1,000 257 Supplies & Materials 4,000 3,000 2,719 - - 2,719 281 4,000 2,688 Indirect Costs 155,698 116,774 87,317 - - 87,317 29,457 77,849 74,535 Bradley Lake Operating Total 287,901 215,927 151,848 - - 151,848 64,079 291,673 277,306 FERC 535 - Operation Supervision & Engineering Total 287,901 215,927 151,848 - - 151,848 64,079 291,673 277,306 FERC 537 - Hydraulic Expenses Hydraulic Expenses Bradley Lake Operating Labor & Benefits 84,081 63,061 50,448 - - 50,448 12,613 88,714 71,766 Travel 10,000 7,500 - - - - 7,500 - - Contractual 22,000 16,500 - - - - 16,500 2,000 11,524 Supplies & Materials 19,000 14,250 4,588 - - 4,588 9,662 2,000 2,636 Equipment, Furniture and Machinery 81,000 60,750 1,409 - - 1,409 59,341 - - Indirect Costs 107,519 80,639 72,828 - - 72,828 7,811 41,515 42,543 Bradley Lake Operating Total 323,600 242,700 129,273 - - 129,273 113,427 134,229 128,470 FERC 537 - Hydraulic Expenses Total 323,600 242,700 129,273 - - 129,273 113,427 134,229 128,470 FERC 538 - Electric Expenses Electric Expenses Bradley Lake Operating Labor & Benefits 208,745 156,559 156,077 - - 156,077 482 224,811 209,644 Travel 7,000 5,250 3,103 - - 3,103 2,147 7,000 4,890 Training 25,000 18,750 4,596 - - 4,596 14,154 25,000 12,406 Contractual 7,000 5,250 247 - - 247 5,003 2,000 - Supplies & Materials 50,732 38,049 932 - - 932 37,117 9,732 4,503 Equipment, Furniture and Machinery 63,000 47,250 49,614 - - 49,614 (2,364) - - Indirect Costs 242,067 181,550 188,594 - - 188,594 (7,044) 102,222 110,544 Bradley Lake Operating Total 603,544 452,658 403,164 - - 403,164 49,494 370,765 341,989 FERC 538 - Electric Expenses Total 603,544 452,658 403,164 - - 403,164 49,494 370,765 341,989 FERC 539 - Misc. Hydraulic Power Generation Expenses Misc Hydro Power Exp Bradley Lake Operating Labor & Benefits 104,936 78,702 50,195 - - 50,195 28,507 168,044 116,910 Training 15,000 11,250 - - - - 11,250 15,000 4,245 Contractual 287,525 215,644 144,858 - - 144,858 70,786 287,525 147,555 Supplies & Materials 17,900 13,425 21,009 - - 21,009 (7,584) 17,900 31,565 Indirect Costs 107,519 80,639 72,583 - - 72,583 8,056 41,515 42,396 Bradley Lake Operating Total 532,880 399,660 288,646 - - 288,646 111,014 529,984 342,672 BRADLEY CIRCUITS/RADIO TO BERNICE LK Other Costs 35,695 26,771 26,772 - - 26,772 (1) 35,695 35,696 BRADLEY CIRCUITS/RADIO TO BERNICE LK Total 35,695 26,771 26,772 - - 26,772 (1) 35,695 35,696 BRADLEY CIRCUITS BERNICE LK TO ANCH Other Costs 29,773 22,330 - 21,873 - 21,873 457 29,773 29,524 BRADLEY CIRCUITS BERNICE LK TO ANCH Total 29,773 22,330 - 21,873 - 21,873 457 29,773 29,524 FERC 539 - Misc. Hydraulic Power Generation Expenses Total 598,348 448,761 315,418 21,873 - 337,291 111,470 595,452 407,892 FERC 540 - Rents FERC Land Use Fee Bradley Lake Operating Other Costs - - - - - - - - (35,289) Bradley Lake Operating Total - - - - - - - - (35,289) FERC 540 - Rents Total - - - - - - - - (35,289) FERC 541 - Maintenance Supervision & Engineering Maint Supervision/Eng Bradley Lake Operating Labor & Benefits 114,456 85,842 58,074 - - 58,074 27,768 195,817 181,894 Indirect Costs 155,698 116,774 83,263 - - 83,263 33,511 77,849 74,373 Bradley Lake Operating Total 270,154 202,616 141,337 - - 141,337 61,279 273,666 256,267 H:\Accounting\AEA FY20 FS Shared Files\Bradley Lake\Quarterly Reports\FY20 Qtr 3 Combined .xlsx 3 of 8 6/24/2020 ALASKA ENERGY AUTHORITY BRADLEY LAKE OPERATIONS & MAINTENANCE SCHEDULE B BUDGET TO ACTUAL EXPENSES FOR THE PERIOD 07/01/2019 THROUGH 03/31/2020 FY 20 FY 19 FY20 Approved Budget BUDGET % 07/01/2019 - 03/31/2020 HEA Actual CEA Actual AEA Actual Total Actual (Over) Under Budget to Date FY19 Approved Budget FY19 Actual FERC 541 - Maintenance Supervision & Engineering Total 270,154 202,616 141,337 - - 141,337 61,279 273,666 256,267 FERC 542 - Maintenance of Structures Maintenance of Structures Bradley Lake Operating Labor & Benefits 76,499 57,374 46,158 - - 46,158 11,216 85,438 67,934 Contractual 91,000 68,250 3,198 - - 3,198 65,052 10,000 - Supplies & Materials 88,713 66,535 28,271 - - 28,271 38,264 53,713 46,903 Equipment, Furniture and Machinery 32,000 24,000 4,493 - - 4,493 19,507 7,000 6,879 Indirect Costs 97,823 73,367 66,623 - - 66,623 6,744 37,066 37,809 Bradley Lake Operating Total 386,035 289,526 148,744 - - 148,744 140,782 193,217 159,525 BRADLEY UPGRADE CREWS QTRS/RESIDENCE KITCHEN Contractual - - - - - - - 165,000 - BRADLEY UPGRADE CREWS QTRS/RESIDENCE KITCHEN Total - - - - - - - 165,000 - FERC 542 - Maintenance of Structures Total 386,035 289,526 148,744 - - 148,744 140,782 358,217 159,525 FERC 543 - Maintenance of Reservoirs, Dams & Waterways Maint Res, Dams, WWays Bradley Lake Operating Labor & Benefits 45,080 33,810 1,231 - - 1,231 32,579 45,552 4,722 Contractual 6,500 4,875 - - - - 4,875 6,500 7,600 Indirect Costs 56,322 42,242 1,532 - - 1,532 40,710 19,932 87 Bradley Lake Operating Total 107,902 80,927 2,762 - - 2,762 78,165 71,984 12,410 BRADLEY NUKA REPAIR Contractual - - - - - - - 15,000 - BRADLEY NUKA REPAIR Total - - - - - - - 15,000 - BRADLEY POWER TUNNEL MAINT (Dam) Contractual 15,000 11,250 - - - - 11,250 15,000 - BRADLEY POWER TUNNEL MAINT (Dam) Total 15,000 11,250 - - - - 11,250 15,000 - FERC 543 - Maintenance of Reservoirs, Dams & Waterways Total 122,902 92,177 2,762 - - 2,762 89,415 101,984 12,410 FERC 544 - Maintenance of Electric Plant Maintenance of Elec Plant Bradley Lake Operating Labor & Benefits 273,620 205,215 185,749 - - 185,749 19,466 342,265 285,367 Travel 4,500 3,375 - - - - 3,375 4,500 216 Contractual 49,000 36,750 14,295 - - 14,295 22,455 70,000 69,475 Supplies & Materials 70,000 52,500 19,675 - - 19,675 32,825 20,000 16,571 Maintenance Projects - - - - - - - - 44,926 Indirect Costs 368,424 276,318 265,974 - - 265,974 10,344 148,789 156,963 Bradley Lake Operating Total 765,544 574,158 485,693 - - 485,693 88,465 585,554 573,517 BRADLEY REPLACE LIGHTING IN POWER PLANT Supplies & Materials - - - - - - - 30,000 - BRADLEY REPLACE LIGHTING IN POWER PLANT Total - - - - - - - 30,000 - FERC 544 - Maintenance of Electric Plant Total 765,544 574,158 485,693 - - 485,693 88,465 615,554 573,517 FERC 545 - Maintenance of Misc. Hydraulic Plant Maint of Misc Hydr Plant Bradley Lake Operating Labor & Benefits 69,395 52,046 46,784 - - 46,784 5,262 85,438 70,964 Contractual 3,900 2,925 6,763 - - 6,763 (3,838) 3,900 - Supplies & Materials 63,000 47,250 16,383 - - 16,383 30,867 35,000 33,168 Maintenance Projects - - 313 - - 313 (313) - - Indirect Costs 92,318 69,239 67,097 - - 67,097 2,142 37,066 39,864 Bradley Lake Operating Total 228,613 171,460 137,339 - - 137,339 34,121 161,404 143,995 FERC 545 - Maintenance of Misc. Hydraulic Plant Total 228,613 171,460 137,339 - - 137,339 34,121 161,404 143,995 FERC 556 - System Control & Load Dispatching System Cntl & Load Disp Bradley Lake Operating Labor & Benefits 21,140 15,855 22,944 - - 22,944 (7,089) 21,506 20,920 Contractual 53,000 39,750 7,072 - - 7,072 32,678 53,000 44,800 Supplies & Materials 6,000 4,500 3,204 - - 3,204 1,296 6,000 613 Bradley Lake Operating Total 80,140 60,105 33,221 - - 33,221 26,884 80,506 66,333 BRADLEY EMERSON ANTIVIRUS UPGRADE Contractual - - - - - - - 40,000 41,740 BRADLEY EMERSON ANTIVIRUS UPGRADE Total - - - - - - - 40,000 41,740 Snow Measurement Bradley Lake Operating Contractual 10,000 7,500 - - 10,000 10,000 (2,500) 12,000 10,000 Bradley Lake Operating Total 10,000 7,500 - - 10,000 10,000 (2,500) 12,000 10,000 Seismic Service Bradley Lake Operating Contractual 62,000 46,500 - - 31,911 31,911 14,589 62,000 61,569 Bradley Lake Operating Total 62,000 46,500 - - 31,911 31,911 14,589 62,000 61,569 Streamguaging Serv Bradley Lake Operating Contractual 209,917 157,438 - - 142,438 142,438 15,000 206,291 186,291 Bradley Lake Operating Total 209,917 157,438 - - 142,438 142,438 15,000 206,291 186,291 Permits H:\Accounting\AEA FY20 FS Shared Files\Bradley Lake\Quarterly Reports\FY20 Qtr 3 Combined .xlsx 4 of 8 6/24/2020 ALASKA ENERGY AUTHORITY BRADLEY LAKE OPERATIONS & MAINTENANCE SCHEDULE B BUDGET TO ACTUAL EXPENSES FOR THE PERIOD 07/01/2019 THROUGH 03/31/2020 FY 20 FY 19 FY20 Approved Budget BUDGET % 07/01/2019 - 03/31/2020 HEA Actual CEA Actual AEA Actual Total Actual (Over) Under Budget to Date FY19 Approved Budget FY19 Actual Bradley Lake Operating Other Costs 350 263 - - 758 758 (495) 350 250 Bradley Lake Operating Total 350 263 - - 758 758 (495) 350 250 FERC 556 - System Control & Load Dispatching Total 362,407 271,806 33,221 - 185,106 218,327 53,479 401,147 366,183 FERC 562 - Station Expenses Station Expenses Bradley Lake Operating Labor & Benefits 87,072 65,304 18,418 35,602 - 54,020 11,284 94,718 83,224 Travel 4,000 3,000 - 531 - 531 2,469 2,000 1,632 Contractual 2,000 1,500 29,598 11,454 - 41,051 (39,551) 32,000 35,207 Supplies & Materials 22,000 16,500 - 255 - 255 16,245 21,000 17,692 Other Costs 2,000 1,500 - - - - 1,500 4,000 1,112 Bradley Lake Operating Total 117,072 87,804 48,015 47,842 - 95,857 (8,053) 153,718 138,869 FERC 562 - Station Expenses Total 117,072 87,804 48,015 47,842 - 95,857 (8,053) 153,718 138,869 #N/A Weather Monitoring Power Sup Bradley Lake Operating Bradley Lake Operating Total - - - - - - - - - #N/A - - - - - - - - - FERC 571 - Maintenance of Overhead Lines Maint of OH Lines Bradley Lake Operating Labor & Benefits 27,459 20,594 2,507 - - 2,507 18,087 31,120 12,110 Travel 10,000 7,500 4,530 - - 4,530 2,970 10,000 8,180 Contractual 50,000 37,500 48,343 - - 48,343 (10,843) 50,000 17,875 Supplies & Materials 5,000 3,750 - - - - 3,750 5,000 - Equipment, Furniture and Machinery - - 103 - - 103 (103) - - Bradley Lake Operating Total 92,459 69,344 55,484 - - 55,484 13,860 96,120 38,165 FERC 571 - Maintenance of Overhead Lines Total 92,459 69,344 55,484 - - 55,484 13,860 96,120 38,165 FERC 920 & 930 - Administrative Expense AEA Bradley Fixed Admin Fees Bradley Lake Operating Administrative Costs 200,000 150,000 - - 150,000 150,000 0 200,000 200,000 Bradley Lake Operating Total 200,000 150,000 - - 150,000 150,000 0 200,000 200,000 Operating Committee Exp-Audit Bradley Lake Operating Administrative Costs 19,900 14,925 - - 19,900 19,900 (4,975) 16,500 19,900 Bradley Lake Operating Total 19,900 14,925 - - 19,900 19,900 (4,975) 16,500 19,900 Operating Committee Exp-Legal Bradley Lake Operating Administrative Costs 30,000 22,500 - - 143,199 143,199 (120,699) 25,000 140,453 Bradley Lake Operating Total 30,000 22,500 - - 143,199 143,199 (120,699) 25,000 140,453 Operat Committee Exp-Arbitrage Bradley Lake Operating Administrative Costs 3,000 2,250 - - - - 2,250 2,935 2,785 Bradley Lake Operating Total 3,000 2,250 - - - - 2,250 2,935 2,785 Trust & Account Fees Bradley Lake Operating Administrative Costs 11,918 8,939 - - 11,918 11,918 (2,979) 11,918 11,918 Bradley Lake Operating Total 11,918 8,939 - - 11,918 11,918 (2,979) 11,918 11,918 Misc Admin Bradley Lake Operating Administrative Costs 11,646 8,735 - - 12,000 12,000 (3,265) 10,350 11,646 Bradley Lake Operating Total 11,646 8,735 - - 12,000 12,000 (3,265) 10,350 11,646 FERC 920 & 930 - Administrative Expense Total 276,464 207,349 - - 337,017 337,017 (129,668) 266,703 386,702 FERC 924 & 925 - Insurance Premiums Insurance Premiums Bradley Lake Operating Administrative Costs 631,000 473,250 15,429 - 478,612 494,040 (20,790) 656,834 617,640 Bradley Lake Operating Total 631,000 473,250 15,429 - 478,612 494,040 (20,790) 656,834 617,640 FERC 924 & 925 - Insurance Premiums Total 631,000 473,250 15,429 - 478,612 494,040 (20,790) 656,834 617,640 FERC 928 - Regulatory Commission Expenses FERC Admin Fees Bradley Lake Operating Administrative Costs 185,000 138,750 - - - - 138,750 185,000 101,775 Bradley Lake Operating Total 185,000 138,750 - - - - 138,750 185,000 101,775 FERC Related Prof Services BRADLEY CONTRACTUAL ENGINEER-FERC LICENSE ISSUES Administrative Costs 100,000 75,000 - - 66,141 66,141 8,859 125,000 104,560 BRADLEY CONTRACTUAL ENGINEER-FERC LICENSE ISSUES Total 100,000 75,000 - - 66,141 66,141 8,859 125,000 104,560 FERC 928 - Regulatory Commission Expenses Total 285,000 213,750 - - 66,141 66,141 147,609 310,000 206,335 Total Bradley Lake Budget 5,351,043 4,013,286 2,067,727 69,715 1,066,875 3,204,318 808,968 4,787,466 4,019,975 H:\Accounting\AEA FY20 FS Shared Files\Bradley Lake\Quarterly Reports\FY20 Qtr 3 Combined .xlsx 5 of 8 6/24/2020 BRADLEY LAKE R&C FUND DISBURSEMENTS AND REPAYMENTS SCHEDULE D Actual Actual Actual Actual Budget @06/30/19 TO REPAY @ 03/31/20 TO REPAY FY20 Description Expense @6/30/19 Expense @6/30/20 R&C FUND PROJECTS Governor 0.00 4,052,070.14 0.00 4,052,070.14 0.00 Replace RFLS 0.00 251,092.69 0.00 251,092.69 0.00 Replace Runners 0.00 1,946,732.79 0.00 1,946,732.79 0.00 Replace cable from dam to power house 0.00 2,321,922.94 0.00 2,321,922.94 0.00 Replace power system stabilizer 0.00 619,205.10 0.00 619,205.10 0.00 Replace two RTUs 0.00 86,905.27 0.00 86,905.27 0.00 Culvert Repairs 0.00 675,966.79 0.00 675,966.79 0.00 Tower Repair for Jack Frost Heaves 0.00 887,596.62 0.00 887,596.62 0.00 Replace Plant and SCADA Controls 0.00 1,344,683.05 0.00 1,344,683.05 0.00 Vibration Monitoring System 0.00 490.00 0.00 490.00 0.00 Fire Alarm System Replacement 0.00 0.00 11,698.99 11,698.99 150,000.00 Battle Creek Diversion 0.00 1,170,000.00 0.00 1,170,000.00 0.00 Bradley Replace Electro-Mechanical Relays 0.00 1,277,197.06 0.00 1,277,197.06 0.00 Fishwater Screen Debris Removal 0.00 312,236.43 0.00 312,236.43 0.00 Turbine Nozzel Repair 0.00 1,428,861.07 0.00 1,428,861.07 0.00 Spillway Raise 0.00 0.00 0.00 SVC replacement Daves Creek | Soldotna 0.00 8,517,991.11 0.00 8,517,991.11 0.00 Equipment Storage Shed 510,550.13 510,550.13 0.00 510,550.13 0.00 Emerson Operating System Upgrade 622,665.00 622,665.00 0.00 622,665.00 0.00 Generator #2 Replacement 582,341.67 582,341.67 171,031.90 753,373.57 0.00 1,715,556.80 26,608,507.86 182,730.89 26,791,238.75 150,000.00 Current Year R&C Repayment (2,746,068.00)(1,591,047.00) Adjust to balance to $5million 0.00 0.00 Interest in Fund Applied to Repayment (117,149.21)(175,194.75) Net Transfer from Revenue Fund (2,863,217.21)(1,766,241.75) Cumulative Prior Years R&C Repayments (20,465,255.55)(23,240,089.01) Due Back to Utilities 88,383.75 (454,729.93) Adjust Due to R&C Actual 0.00 0.00 (20,376,871.80)(23,694,818.94) NET DUE TO R&C FUND 3,368,418.85 1,330,178.06 R&C FUND CASH FLOW PROJECTION Beginning Investment Balance 1,013,291.03 2,435,913.25 Disbursements-current year -Accrual (999,608.45)0.00 Disbursements-prior year accrued 0.00 (721,894.25) Utilities' R&C Refund (440,986.54)(88,383.75) Net other cash inflow(outflow) 0.00 0.00 Current year interest earnings 117,149.21 175,194.75 Participants Contributions to R&C Fund 2,746,068.00 1,591,047.00 Ending Investment Balance 2,435,913.25 3,391,877.00 Accrued Due to Utilities (88,383.75)454,729.93 Accrued R&C vendor Payable at Year End (715,948.35)(176,784.99) PROJECTED NET DUE + ENDING INVESTMENT BALANCE 5,000,000.00 5,000,000.00 REPAYMENT AMOUNT $3,330,802.80 x 25% yr 1 | 32% yr 2 | 25% yr 3 |18% yr4 4th 599,544.50 $5,644,193.08 x 25% all 4 years 3rd 1,411,048.27 4th 1,411,048.27 $1,341,405.96 x 25% all 4 years 2nd 335,351.49 3rd 335,351.49 $1,715,556.80 x 25% all 4 years 1st 428,889.20 2nd 428,889.20 $182,730.89 x 25% all 4 years 1st 45,682.72 2,774,833.46 2,220,971.68 Page 6 R&C FY2020 Qtr 1.xlsx ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT Battle Creek Capital Purchases Schedule E Expenses for the period 07/01/19 to 03/31/20 FY18 FY19 FY20 FY20 Actuals Actuals Budget Actual Used 2007 Chevrolet Silverado 8,800 - Used 2006 Chevrolet Silverado 7,700 - Battle Creek-Claims Consultant - 149,941 775,000 646,770 Total capital revenue fund purchases 16,500 149,941 775,000 646,770 Battle Creek Capital Purchases Page 7 of 8 ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT Battle Creek Administrative Costs Schedule F Expenses for the period 07/01/19 through 03/31/20 Run Date: 06/10/20 Entry No. Range: 1..2754785 FY 20 FY 19 FY20 Aprroved Budget Budget % 07/01/19 - 03/31/20 HEA Actual AEA Actual Total Actual (Over) Under Budget to Date FY19 Approved Budget Total Actual Summary By Expense Type Administrative Costs $ 395,424 $ 296,568 $ 220,080 $ 181,832 $ 401,912 (105,344)$ $ 453,988 $ 527,723 395,424$ 296,568$ 220,080$ 181,832$ 401,912$ (105,344)$ -$ 527,723$ FERC 920 & 930 - Administrative Expense Bond Issue Costs Administrative Costs -$ -$ -$ -$ -$ -$ -$ -$ Bond Issue Costs Total -$ -$ -$ -$ -$ -$ -$ -$ AEA Bradley Fixed Admin Fees Administrative Costs 117,274$ 87,956$ 10,780$ 78,750$ 89,530$ (1,574)$ 176,193$ 175,421$ AEA Bradley Fixed Admin Fees Total 117,274$ 87,956$ 10,780$ 78,750$ 89,530$ (1,574)$ -$ 175,421$ Operating Committee Exp-Legal Administrative Costs 15,000$ 11,250$ -$ 99,004$ 99,004$ (87,754)$ 15,000$ 34,795$ Operating Committee Exp-Legal Total 15,000$ 11,250$ -$ 99,004$ 99,004$ (87,754)$ -$ 34,795$ Operat Committee Exp-Arbitrage Administrative Costs 2,000$ 1,500$ -$ -$ -$ 1,500$ 2,000$ 1,690$ Operat Committee Exp-Arbitrage Total 2,000$ 1,500$ -$ -$ -$ 1,500$ -$ 1,690$ Trust & Account Fees Administrative Costs 4,800$ 3,600$ -$ 4,000$ 4,000$ (400)$ 6,550$ 4,083$ Trust & Account Fees Total 4,800$ 3,600$ -$ 4,000$ 4,000$ (400)$ -$ 4,083$ Misc Admin Administrative Costs 100$ 75$ -$ 78$ 78$ (3)$ -$ 83$ Misc Admin Total 100$ 75$ -$ 78$ 78$ (3)$ -$ 83$ Professional consultants Administrative Costs 256,250$ 192,188$ 209,301$ -$ 209,301$ (17,113)$ 254,245$ 311,652$ Professional consultants Total 256,250$ 192,188$ 209,301$ -$ 209,301$ (17,113)$ -$ 311,652$ FERC 920 & 930 - Administrative Expense Total 395,424$ 296,568$ 220,080$ 181,832$ 401,912$ (105,344)$ 45,398$ 527,723$ H:\Accounting\AEA FY20 FS Shared Files\Bradley Lake\Quarterly Reports\FY20 Qtr 3 Combined .xlsx 6/24/2020 12:08 PM 8 of 8