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2021-03-26 BPMC Agenda and docs
BRADLEY LAKE PROJECT MANAGEMENT COMMITTEE REGULAR MEETING AGENDA Friday, March 26, 2021 At 10:00 AM To participate dial 1-888-585-9008 and use code 212-273-619# 1. CALL TO ORDER 2. ROLL CALL (for Committee members) 3. PUBLIC ROLL CALL (for all others present) 4. AGENDA APPROVAL 5. PUBLIC COMMENTS 6. APPROVAL OF PRIOR MINUTES – January 29, 2021 7. NEW BUSINESS A. FY 22 Budget Approval 8. OLD BUSINESS A. Operators Report HEA B. O&D Report CEA C. Bylaw Work – Status Report Gibson 9. COMMITTEE REPORTS – Budget Budget Subcommittee 10. COMMITTEE ASSIGNMENTS 11. EXECUTIVE SESSION – Discuss confidential matters related to Bradley Lake. Discussions will involve: 1) matters the immediate knowledge of which would clearly have an adverse effect on the finances of the Authority or the Project; and 2) matters involving an attorney for the Committee or a member of the Committee, the immediate knowledge of which could have an adverse effect on the legal position of the Committee or the Authority. 12. MEMBERS COMMENTS 13. NEXT MEETING DATE –May 21, 2021 14. ADJOURNMENT ALASKA ENERGY AUTHORITYBRADLEY LAKE HYDROELECTRIC PROJECTFY2022 PROPOSED BUDGETDATE: March 26, 2021 ALASKA ENERGY AUTHORITYBRADLEY LAKE HYDROELECTRIC PROJECT2022 Budget ContentsScheduleDescriptionPage #Summary FY22 Proposed Budget Summary3Schedule ABradley Lake Capital Purchases (not funded by R&C)4Schedule B Bradley Lake Operations & Maintenance Budget5 - 13Schedule C Bradley Lake Monthly Utility Contributions14Schedule D R&C Fund Disbursements and Repayments15Schedule E Battle Creek Capital Purchases (not funded by R&C)16Schedule F Battle Creek Operations & Maintenance Budget17 - 18Schedule G Battle Creek Monthly Utility Contributions19Schedule H SSQ Line Capital Purchases (not funded by R&C)20Schedule I SSQ Line Operations & Maintenance Budget21Schedule J SSQ Line Monthly Utility Contributions22`3/11/20213:02 PMH:\Accounting\AEA FY22 FS Shared Files\Bradley Lake\Budget\2022-BradleyBudget-Proposed 3.11.2021.xlsx 2 of 22 ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT Budget Summary FY2021 FY2022 Inc(Dec) From FY2019 FY2020 Amended Draft FY21 Amended Bradley Lake (excluding Battle Creek & SSQ Line shown below)Actuals Actuals Budget Budget Budget Revenues, Expenses & Changes in surplus Revenues Utility Contributions (sch C) 18,132,905 18,507,495 15,843,421 10,097,726 (5,745,695) Other Miscellaneous-R&C Fund Cash Call 2,501 - 750,000 - (750,000) Interest Income 1,946,023 1,887,786 1,799,000 500 (1,798,500) Other Available Funds - - 1,325,513 9,893,771 8,568,258 20,081,429 20,395,281 19,717,934 19,991,997 274,063 Expenses Operations & Maintenance (sch B) 4,019,975 4,773,126 5,628,702 5,747,908 119,206 Renewals/Replacements (R&C Fund Repayments) (sch D) 2,774,832 2,278,302 984,753 1,006,902 22,149 Renewals/Replacements (R&C Fund Cash Call) (sch D) - - 750,000 - (750,000) Non R&C Capital Purchases (sch A-1) 37,738 283,425 462,000 759,000 297,000 Transfer To(From) Operating Reserve 38,816 112,715 84,752 23,841 (60,911) Debt Service 12,778,588 12,778,775 11,453,263 - (11,453,263) Arbitrage Transfer 431,480 168,938 354,464 0 (354,464) Excess Payment Agreement - - - 12,454,346 12,454,346 20,081,429 20,395,281 19,717,934 19,991,997 274,063 Surplus (Deficit) 0 0 0 0 0 Other Project Costs - Battle Creek Revenues, Expenses & Changes in surplus Revenues - Battle Creek Utility Contributions (sch G) 1,319,734 1,967,642 6,013,048 3,564,453 (2,448,595) Other Miscellaneous-R&C Fund Cash Call - - - - 0 Interest Income 67,492 47,620 - - 0 Capital Reserve Contributions - - - - 0 Other Available Funds - - - - 0 1,387,226 2,015,262 6,013,048 3,564,453 (2,448,595) Expenses - Battle Creek Battle Creek Operations & Maintenance (sch F) 527,723 580,606 547,714 399,610 (148,104) Renewals/Replacements (R&C Fund Repayments) (sch D) - - 1,104,000 1,104,000 0 Renewals/Replacements (R&C Fund Cash Call) (sch D) - - - - 0 Capital Purchases (sch E)- - - - 0 Capital Purchases - Revenue Fund (sch E) 149,941 822,327 320,000 115,000 (205,000) Transfer To(From) Operating Reserve 82,038 (11,713)30,926 (29,621) (60,547) Debt Service 1,748,534 1,753,324 3,518,317 3,064,883 (453,434) IRS Subsidy (1,121,010) (1,129,282)- (1,089,419) (1,089,419) Cost of Issuance 9th Series - - - - 0 Capital Reserve Contribution - - 492,091 - (492,091) 1,387,226 2,015,262 6,013,048 3,564,453 (2,448,595) Surplus (Deficit) 0 0 0 0 0 Other Project Costs - SSQ Line Revenues, Expenses & Changes in surplus Revenues - SSQ Line Utility Contributions (sch J)- - 360,000 415,427 55,427 Other Miscellaneous-R&C Fund Cash Call - - - - 0 Capital Reserve Contributions - - - - 0 Other Available Funds - - - 1,559,492 1,559,492 - - 360,000 1,974,919 1,614,919 Expenses - SSQ Line SSQ Line Operations & Maintenance (sch I) - - 170,000 374,523 204,523 Renewals/Replacements (R&C Fund Repayments) (sch D) - - - 0 0 Renewals/Replacements (R&C Fund Cash Call) (sch D) - - - 0 0 Capital Purchases (sch H)- - 190,000 0 (190,000) Transfer To(From) Operating Reserve - - - 40,905 40,905 Debt Service - - - 1,559,492 1,559,492 Capital Reserve Contribution - - - 0 0 - - 360,000 1,974,919 1,614,919 Surplus (Deficit) 0 0 0 0 0 Other Information Operating Reserve *957,494 1,070,208 1,125,740 1,149,582 Operating Reserve - Battle Creek* 90,798 79,085 109,543 79,922 Operating Reserve - SSQ Line*34,000 74,905 Monthly Contributions 1,511,075 1,632,040 1,320,285 841,477 Monthly Contributions Battle Creek 109,978 242,670 501,087 297,038 Monthly Contributions SSQ Line 30,000 34,619 *Required to be 20% of budgeted operating expense 3/11/20213:02 PM2022-BradleyBudget-Proposed 3.11.2021.xlsxSummary Page 3 of 22 ALASKA ENERGY AUTHORITYBRADLEY LAKE HYDROELECTRIC PROJECTCapital Purchases (not funded by R&C Fund)Schedule AFY19 FY20 FY21 FY22Amended DraftActualsActualsBudgetBudgetComments for FY22:Replace/Automate Fish Water Valves & Actuators 17,142 2,931 40,000 - Upgrade Crews Quarters\Residence Kitchen - - 139,000 was on hold until DOWL is not occupying the Crews QuartersReplace 1988 Suburban Ambulance 5,350 - - Tire machine 15,246 - - Replace dump truck and sander - - 170,000 20,000 need new sanderPick up truck - 41,484 - UPS Replacement - 65,696 37,000 - Rough terrain fork lift (with plow for snow) - 131,594 - IRIS Air gap monitoring system (computer) - 41,720 45,000 45,000 Need for Unit 1KVM switch for Emerson - 3,000 - Spare Trash Pump - 20,000 - Housing Preliminary Design 10,000 - Emerson Cybersecurity Update 137,000 - Heavy Duty trailer for equipment - - 20,000 Smaller trailer for miniABB Replace GIS Actuators 240,000 no longer supportedReplacement pickup truck 45,000 Replace fuel truck (bad electrics)Needle Valve rebuild 150,000 Used up needle tip and cones in 2020/21 overhaulStart new servo design 100,000 Voith recommends new designTotal Non R&C Capital Purchases 37,738 283,425 462,000 759,000 Capital Project Description3/11/20213:02 PM2022-BradleyBudget-Proposed 3.11.2021.xlsxSch APage 4 of 22 ALASKA ENERGY AUTHORITYBRADLEY LAKE HYDROELECTRIC PROJECTBradley Lake Operations and Maintenance BudgetSchedule BHEA3,145,798 2,436,506 709,292 3,822,764 3,020,964 801,799 4,066,378 4,112,706 46,328 CEA183,491 168,393 15,098 109,547 155,656 (46,109) 101,785 134,161 32,377 AEA1,458,178 1,415,076 43,102 1,418,731 1,596,506 (177,775) 1,641,784 1,691,750 49,966 BC- - - - - - (181,245) (190,710) (9,465) 4,787,467 4,019,975 767,492 5,351,042 4,773,126 577,915 5,628,702 5,747,908 119,206 - - - - - - - - - FY19 FY20 FY21 FY22 FY19 Amended Budget Actual (Over) Under Budget to date FY20AmendedBudget Actual (Over) Under Budget to date FY21 Amended Budget FY22 DraftBudget Increase (Decrease) From PY Summary by cost typeLabor & Benefits1,572,497 1,307,518 264,979 1,219,935 1,011,432 208,503 1,257,590 1,307,994 50,405 Indirect Costs583,803 579,114 4,689 1,383,388 1,251,241 132,147 1,486,285 1,486,285 0 Travel33,950 28,380 5,570 45,950 10,512 35,438 44,950 38,450 (6,500) Training49,300 20,956 28,344 49,300 14,875 34,425 49,300 49,300 - Contractual1,033,216 633,893 399,323 869,842 655,575 214,267 903,340 1,044,525 141,185 Supplies & Materials204,345 156,339 48,006 346,345 262,370 83,975 389,345 429,345 40,000 Other Costs69,818 31,293 38,525 67,818 65,648 2,170 70,818 67,318 (3,500) Equipment, Furniture and Machinery7,000 6,879 121 176,000 127,535 48,465 170,000 73,000 (97,000) Maintenance Projects- 44,926 (44,926) - 314 (314) - - - Administrative Costs1,233,537 1,210,677 22,860 1,192,464 1,373,624 (181,160) 1,438,319 1,442,400 4,081 Battle Creek O&M- - - - - - (181,245) (190,710) (9,465) 4,787,467 4,019,975 767,492 5,351,042 4,773,126 577,915 5,628,702 5,747,908 119,206 Bradley Lake O&M 4% charge to Battle CreekBattle Creek O&M- - - - - - (181,245) (190,710) BC(9,465) Bradley Lake O&M 4% charge to Battle CreekFERC 535 ‐ Operation Supervision & EngineeringOperations Sup/EngBradley Lake OperatingLabor & Benefits189,074 182,059 7,015 107,453 89,713 17,740 107,453 107,604 151 Indirect Costs77,849 74,535 3,314 155,698 128,545 27,153 155,698 155,698 - Travel10,450 13,462 (3,012) 10,450 246 10,204 10,450 10,450 - Training9,300 4,305 4,995 9,300 991 8,309 9,300 9,300 - Contractual1,000 257 743 1,000 173 827 11,000 11,000 - Supplies & Materials4,000 2,688 1,312 4,000 3,698 302 4,000 4,000 - Bradley Lake Operating Total291,673 277,306 14,367 287,901 223,366 64,536 297,901 298,053 151 FERC 535 ‐ Operation Supervision & Engineering Total 291,673 277,306 14,367 287,901 223,366 64,536 297,901 298,053 HEA151 3/11/20213:02 PM2022-BradleyBudget-Proposed 3.11.2021.xlsxSch BPage 5 of 22 FY19 FY20 FY21 FY22 FY19 Amended Budget Actual (Over) Under Budget to date FY20AmendedBudget Actual (Over) Under Budget to date FY21 Amended Budget FY22 DraftBudget Increase (Decrease) From PY FERC 537 ‐ Hydraulic ExpensesHydraulic ExpensesBradley Lake OperatingLabor & Benefits88,714 71,767 16,947 84,081 67,694 16,387 84,192 84,192 - Indirect Costs41,515 42,543 (1,028) 107,519 98,886 8,633 114,320 114,320 - Travel- - - 10,000 - 10,000 10,000 8,000 (2,000) Contractual2,000 11,524 (9,524) 22,000 - 22,000 22,000 73,000 51,000 Supplies & Materials2,000 2,636 (636) 19,000 9,806 9,194 59,000 16,000 (43,000) Equipment, Furniture and Machinery- - - 81,000 13,368 67,632 32,000 39,000 7,000 Bradley Lake Operating Total134,230 128,470 5,760 323,600 189,754 133,846 321,512 334,512 13,000 FERC 537 ‐ Hydraulic Expenses Total 134,230 128,470 5,760 323,600 189,754 133,846 321,512 334,512 HEA13,000 FERC 538 ‐ Electric ExpensesElectric ExpensesBradley Lake OperatingLabor & Benefits224,811 209,646 15,165 208,745 210,745 (2,000) 218,044 218,044 0 Indirect Costs102,222 110,544 (8,322) 242,067 257,551 (15,484) 262,004 262,004 (0) Travel7,000 4,890 2,110 7,000 3,140 3,860 7,000 7,000 - Training25,000 12,406 12,594 25,000 13,884 11,116 25,000 25,000 - Contractual2,000 - 2,000 7,000 2,587 4,413 2,000 5,000 3,000 Supplies & Materials9,732 4,503 5,229 50,732 14,111 36,621 41,732 42,732 1,000 Equipment, Furniture and Machinery- - - 63,000 91,512 (28,512) 73,000 11,000 (62,000) Other Costs- 5,000 - (5,000) Bradley Lake Operating Total370,765 341,989 28,776 603,544 593,530 10,014 633,780 570,780 (63,000) FERC 538 ‐ Electric Expenses Total 370,765 341,989 28,776 603,544 593,530 10,014 633,780 570,780 HEA(63,000) 3/11/20213:02 PM2022-BradleyBudget-Proposed 3.11.2021.xlsxSch BPage 6 of 22 FY19 FY20 FY21 FY22 FY19 Amended Budget Actual (Over) Under Budget to date FY20AmendedBudget Actual (Over) Under Budget to date FY21 Amended Budget FY22 DraftBudget Increase (Decrease) From PY FERC 539 ‐ Misc. Hydraulic Power Generation ExpensesMisc Hydro Power ExpBradley Lake OperatingLabor & Benefits168,044 116,910 51,134 104,936 70,195 34,741 105,047 104,788 (258) Indirect Costs41,515 42,396 (881) 107,519 98,544 8,975 114,320 114,320 0 Training15,000 4,245 10,755 15,000 - 15,000 15,000 15,000 - Contractual287,525 147,555 139,970 287,525 185,822 101,703 287,525 287,525 - Supplies & Materials17,900 31,565 (13,665) 17,900 31,569 (13,669) 17,900 17,900 - Bradley Lake Operating Total529,984 342,671 187,313 532,879 386,130 146,749 539,791 539,533 HEA(258) BRADLEY CIRCUITS/RADIO TO BERNICE LKOther Costs35,695 35,696 (1) 35,695 35,696 (1) 35,695 35,695 - BRADLEY CIRCUITS/RADIO TO BERNICE LK Total35,695 35,696 (1) 35,695 35,696 (1) 35,695 35,695 HEA- BRADLEY CIRCUITS BERNICE LK TO ANCHOther Costs29,773 29,524 249 29,773 29,194 579 29,773 29,773 - BRADLEY CIRCUITS BERNICE LK TO ANCH Total29,773 29,524 249 29,773 29,194 579 29,773 29,773 CEA- FERC 539 ‐ Misc. Hydraulic Power Generation Expenses Total 595,452 407,891 187,561 598,347 451,020 147,327 605,259 605,001 (258) FERC 540 ‐ RentsFERC Land Use FeeBradley Lake OperatingOther Costs- (35,289) 35,289 - - - - - - Bradley Lake Operating Total- (35,289) 35,289 - - - - - - FERC 540 ‐ Rents Total ‐ (35,289) 35,289 ‐ ‐ ‐ ‐ ‐ AEA‐ FERC 541 ‐ Maintenance Supervision & EngineeringMaint Supervision/EngBradley Lake OperatingLabor & Benefits195,817 181,894 13,923 114,456 84,904 29,552 114,456 114,758 302 Indirect Costs77,849 74,373 3,476 155,698 121,096 34,602 155,698 155,698 - Bradley Lake Operating Total273,666 256,267 17,399 270,154 206,000 64,154 270,154 270,456 302 - FERC 541 ‐ Maintenance Supervision & Engineering Total 273,666 256,267 17,399 270,154 206,000 64,154 270,154 270,456 HEA302 3/11/20213:02 PM2022-BradleyBudget-Proposed 3.11.2021.xlsxSch BPage 7 of 22 FY19 FY20 FY21 FY22 FY19 Amended Budget Actual (Over) Under Budget to date FY20AmendedBudget Actual (Over) Under Budget to date FY21 Amended Budget FY22 DraftBudget Increase (Decrease) From PY FERC 542 ‐ Maintenance of StructuresMaintenance of StructuresBradley Lake OperatingLabor & Benefits85,438 67,934 17,504 76,499 62,612 13,887 77,639 77,639 0 Indirect Costs37,066 37,809 (743) 97,823 91,244 6,579 105,421 105,421 (0) Contractual10,000 - 10,000 91,000 3,682 87,318 59,000 89,000 30,000 Supplies & Materials53,713 46,903 6,810 88,713 39,489 49,224 100,713 243,713 143,000 Equipment, Furniture and Machinery7,000 6,879 121 32,000 22,552 9,448 52,000 23,000 (29,000) Maintenance Projects- - - - - - - - - Bradley Lake Operating Total193,217 159,525 33,692 386,035 219,579 166,456 394,773 538,773 144,000 BRADLEY UPGRADE CREWS QUARTERS/RESIDENCE KITCHENContractual165,000 - - - - - - - - BRADLEY UPGRADE CREWS QUARTERS/RESIDENCE KITCHEN165,000 - - - - - - - - FERC 542 ‐ Maintenance of Structures Total 358,217 159,525 198,692 386,035 219,579 166,456 394,773 538,773 HEA144,000 FERC 543 ‐ Maintenance of Reservoirs, Dams & WaterwaysMaint Res, Dams, WWaysBradley Lake OperatingLabor & Benefits45,552 4,723 40,829 45,080 1,335 43,745 40,744 40,744 0 Indirect Costs19,932 87 19,845 56,322 1,693 54,629 56,689 56,689 (0) Travel5,000 5,000 - Contractual6,500 7,600 (1,100) 6,500 - 6,500 6,500 6,500 - Supplies & Materials15,000 15,000 - Bradley Lake Operating Total71,984 12,410 59,574 107,902 3,028 104,874 123,933 123,933 - BRADLEY NUKA REPAIRContractual15,000 - 15,000 - - - - - - Supplies & Materials- - - - - - - - - Equipment, Furniture and Machinery- - - - - - - - - BRADLEY NUKA REPAIR Total15,000 - 15,000 - - - - - - BRADLEY POWER TUNNEL MAINT (Dam)- Contractual15,000 - 15,000 15,000 - 15,000 15,000 15,000 - - BRADLEY POWER TUNNEL MAINT (Dam) Total15,000 - 15,000 15,000 - 15,000 15,000 15,000 - FERC 543 ‐ Maintenance of Reservoirs, Dams & Waterways Total 101,984 12,410 89,574 122,902 3,028 119,874 138,933 138,933 HEA‐ 3/11/20213:02 PM2022-BradleyBudget-Proposed 3.11.2021.xlsxSch BPage 8 of 22 FY19 FY20 FY21 FY22 FY19 Amended Budget Actual (Over) Under Budget to date FY20AmendedBudget Actual (Over) Under Budget to date FY21 Amended Budget FY22 DraftBudget Increase (Decrease) From PY FERC 544 ‐ Maintenance of Electric PlantMaintenance of Elec PlantBradley Lake OperatingLabor & Benefits342,265 285,366 56,899 273,620 249,706 23,914 309,110 309,110 - Indirect Costs148,789 156,963 (8,174) 368,424 362,402 6,022 423,178 423,178 - Travel4,500 216 4,284 4,500 - 4,500 4,500 4,500 - Contractual70,000 69,475 525 49,000 19,661 29,339 86,000 49,000 (37,000) Supplies & Materials20,000 16,571 3,429 70,000 66,370 3,630 38,000 30,000 (8,000) Maintenance Projects- 44,926 (44,926) - - - - - - Bradley Lake Operating Total585,554 573,517 12,037 765,544 698,139 67,405 860,788 815,788 (45,000) BRADLEY HIGH BAY LIGHTSSupplies & Materials30,000 - 30,000 - - - - - - BRADLEY HIGH BAY LIGHTS Total30,000 - 30,000 - - - - - - FERC 544 ‐ Maintenance of Electric Plant Total 615,554 573,517 42,037 765,544 698,139 67,405 860,788 815,788 HEA(45,000) FERC 545 ‐ Maintenance of Misc. Hydraulic PlantMaint of Misc Hydr PlantBradley Lake OperatingLabor & Benefits85,438 70,963 14,475 69,395 62,843 6,552 69,297 69,297 (0) Indirect Costs37,066 39,864 (2,798) 92,318 91,280 1,038 98,957 98,957 0 Contractual3,900 - 3,900 3,900 6,763 (2,863) 3,900 3,900 - Supplies & Materials35,000 33,168 1,832 63,000 93,510 (30,510) 58,000 34,000 (24,000) Maintenance Projects- 314 (314) - Bradley Lake Operating Total161,404 143,995 17,409 228,613 254,710 (26,097) 230,154 206,154 (24,000) BRADLEY FISH WATER DSGN/MIDDLE FORK SHACK IMPRContractual- - - - - - - - - Supplies & Materials- - - - - - - - - BRADLEY FISH WATER DSGN/MIDDLE FORK SHACK IMPR Total- - - - - - - - - FERC 545 ‐ Maintenance of Misc. Hydraulic Plant Total 161,404 143,995 17,409 228,613 254,710 (26,097) 230,154 206,154 HEA(24,000) 3/11/20213:02 PM2022-BradleyBudget-Proposed 3.11.2021.xlsxSch BPage 9 of 22 FY19 FY20 FY21 FY22 FY19 Amended Budget Actual (Over) Under Budget to date FY20AmendedBudget Actual (Over) Under Budget to date FY21 Amended Budget FY22 DraftBudget Increase (Decrease) From PY FERC 556 ‐ System Control & Load DispatchingSystem Cntl & Load DispBradley Lake OperatingLabor & Benefits21,506 20,920 586 21,140 37,092 (15,952) 21,140 19,708 (1,432) Contractual53,000 44,800 8,200 53,000 57,365 (4,365) 53,000 53,000 - Supplies & Materials6,000 613 5,387 6,000 3,204 2,796 6,000 6,000 - Equipment, Furniture and Machinery- - - - - - - - - Bradley Lake Operating Total80,506 66,333 14,173 80,140 97,661 (17,521) 80,140 78,708 HEA(1,432) BRADLEY EMERSON ANTIVIRUS UPGRADEContractual40,000 41,740 (1,740) - - - - - HEA- BRADLEY EMERSON ANTIVIRUS UPGRADE Total40,000 41,740 (1,740) - - - - - - Snow MeasurementBradley Lake OperatingContractual12,000 10,000 2,000 10,000 10,000 - 10,000 10,000 AEA- Bradley Lake Operating Total12,000 10,000 2,000 10,000 10,000 - 10,000 10,000 - Seismic ServiceBradley Lake OperatingContractual62,000 61,569 431 62,000 56,310 5,690 62,000 62,000 AEA- Bradley Lake Operating Total62,000 61,569 431 62,000 56,310 5,690 62,000 62,000 - Streamguaging ServBradley Lake OperatingContractual206,291 186,291 20,000 209,917 189,917 20,000 183,615 218,000 AEA34,385 Bradley Lake Operating Total206,291 186,291 20,000 209,917 189,917 20,000 183,615 218,000 34,385 PermitsBradley Lake OperatingOther Costs350 250 100 350 758 (408) 350 350 AEA- Bradley Lake Operating Total350 250 100 350 758 (408) 350 350 - FERC 556 ‐ System Control & Load Dispatching Total 401,147 366,183 34,964 362,407 354,646 7,761 336,105 369,058 32,953 3/11/20213:02 PM2022-BradleyBudget-Proposed 3.11.2021.xlsxSch BPage 10 of 22 FY19 FY20 FY21 FY22 FY19 Amended Budget Actual (Over) Under Budget to date FY20AmendedBudget Actual (Over) Under Budget to date FY21 Amended Budget FY22 DraftBudget Increase (Decrease) From PY FERC 562 ‐ Station ExpensesStation ExpensesSVC/Substation Maintenance ContractLabor & Benefits94,718 83,226 11,492 59,774 72,086 (12,312) 55,712 62,388 CEA6,677 Travel2,000 1,632 368 4,000 2,596 1,404 4,500 3,500 CEA(1,000) Contractual32,000 35,207 (3,207) 2,000 51,167 (49,167) 1,800 2,000 CEA200 Supplies & Materials21,000 17,692 3,308 12,000 613 11,387 10,000 10,000 CEA- Other Costs4,000 1,112 2,888 2,000 - 2,000 - 1,500 CEA1,500 Equipment, Furniture and Machinery- - - - - - - - CEA- Maintenance Projects- - - - - - - - CEA- Labor & Benefits- - - 27,298 - 27,298 27,298 71,759 HEA44,461 Contractual- - - - - - - 59,600 HEA59,600 Supplies & Materials- - - 10,000 - 10,000 34,000 5,000 HEA(29,000) Equipment, Furniture and Machinery- - - - - - 13,000 - HEA(13,000) SVC/Substation Maintenance Contract Total153,718 138,869 14,849 117,072 126,462 (9,390) 146,309 215,747 69,438 FERC 562 ‐ Station Expenses Total 153,718 138,869 14,849 117,072 126,462 (9,390) 146,309 215,747 69,438 FERC 563 ‐ Weather Monitoring Power SupBradley Lake OperatingContractual‐ ‐ - ‐ 5,244 (5,244) AEA‐ Bradley Lake Operating Total ‐ ‐ ‐ ‐ 5,244 (5,244) ‐ ‐ FERC 571 ‐ Maintenance of Overhead LinesMaint of OH LinesBradley Lake OperatingLabor & Benefits31,120 12,110 19,010 27,459 2,507 24,952 27,459 27,963 504 Travel10,000 8,180 1,820 10,000 4,530 5,470 - - - Contractual50,000 17,875 32,125 50,000 66,884 (16,884) 100,000 100,000 - Supplies & Materials5,000 - 5,000 5,000 - 5,000 5,000 5,000 - Equipment, Furniture and Machinery- - - - 103 (103) - - - Bradley Lake Operating Total96,120 38,165 57,955 92,459 74,024 18,435 132,459 132,963 HEA504 FERC 571 ‐ Maintenance of Overhead Lines Total 96,120 38,165 57,955 92,459 74,024 18,435 132,459 132,963 504 3/11/20213:02 PM2022-BradleyBudget-Proposed 3.11.2021.xlsxSch BPage 11 of 22 FY19 FY20 FY21 FY22 FY19 Amended Budget Actual (Over) Under Budget to date FY20AmendedBudget Actual (Over) Under Budget to date FY21 Amended Budget FY22 DraftBudget Increase (Decrease) From PY FERC 920 & 930 ‐ Administrative ExpenseAEA Bradley Admin FeesBradley Lake OperatingAdministrative Costs200,000 200,000 - 200,000 200,000 - 201,000 274,000 73,000 Administrative Costs2,500 2,500 - Travel3,500 - (3,500) Bradley Lake Operating Total200,000 200,000 - 200,000 200,000 - 207,000 276,500 AEA69,500 Operating Committee Exp‐AuditBradley Lake OperatingAdministrative Costs16,500 19,900 (3,400) 19,900 20,298 (398) 19,900 19,900 AEA ‐ Bradley Lake Operating Total16,500 19,900 (3,400) 19,900 20,298 (398) 19,900 19,900 - Operating Committee Exp‐LegalBradley Lake OperatingAdministrative Costs25,000 140,453 (115,453) 30,000 215,162 (185,162) 70,000 70,000 AEA ‐ Bradley Lake Operating Total25,000 140,453 (115,453) 30,000 215,162 (185,162) 70,000 70,000 - Operat Committee Exp‐ArbitrageBradley Lake OperatingAdministrative Costs2,935 2,785 150 3,000 2,685 315 5,000 5,000 AEA ‐ Bradley Lake Operating Total2,935 2,785 150 3,000 2,685 315 5,000 5,000 - Trust & Account FeesBradley Lake OperatingAdministrative Costs11,918 11,918 - 11,918 12,118 (200) 13,000 13,000 AEA - Bradley Lake Operating Total11,918 11,918 - 11,918 12,118 (200) 13,000 13,000 - Misc AdminBradley Lake OperatingAdministrative Costs10,350 11,646 (1,296) 11,646 12,000 (354) 18,900 12,000 AEA (6,900) Bradley Lake Operating Total10,350 11,646 (1,296) 11,646 12,000 (354) 18,900 12,000 (6,900) FERC 920 & 930 ‐ Administrative Expense Total 266,703 386,702 (119,999) 276,464 462,263 (185,799) 333,800 396,400 62,600 3/11/20213:02 PM2022-BradleyBudget-Proposed 3.11.2021.xlsxSch BPage 12 of 22 FY19 FY20 FY21 FY22 FY19 Amended Budget Actual (Over) Under Budget to date FY20AmendedBudget Actual (Over) Under Budget to date FY21 Amended Budget FY22 DraftBudget Increase (Decrease) From PY FERC 924 & 925 ‐ Insurance PremiumsInsurance PremiumsBradley Lake OperatingAdministrative Costs600,834 599,218 1,616 575,000 613,782 (38,782) 692,019 650,000 AEA(42,019) Administrative Costs56,000 18,422 37,578 56,000 39,347 16,653 56,000 16,000 HEA(40,000) Bradley Lake Operating Total656,834 617,640 39,194 631,000 653,129 (22,129) 748,019 666,000 (82,019) Risk Management Bradley Lake OperatingAdministrative Costs- - - - - - - 25,000 CEA25,000 Bradley Lake Operating Total- - - - - - - 25,000 25,000 FERC 924 & 925 ‐ Insurance Premiums Total 656,834 617,640 39,194 631,000 653,129 (22,129) 748,019 691,000 (57,019) FERC 928 ‐ Regulatory Commission ExpensesFERC Admin FeesAdministrative Costs185,000 101,775 83,225 185,000 169,976 15,024 175,000 150,000 AEA (25,000) Bradley Lake Operating Total185,000 101,775 83,225 185,000 169,976 15,024 175,000 150,000 (25,000) FERC Related Prof ServicesFERC Part 12 InspectionAdministrative Costs- - - - - - 75,000 25,000 AEA (50,000) Contractual Engineer‐FERC license issuesAdministrative Costs125,000 104,560 20,440 100,000 88,256 11,744 110,000 180,000 AEA 70,000 Bradley Lake Operating Total125,000 - 125,000 100,000 88,256 11,744 185,000 205,000 20,000 FERC 928 ‐ Regulatory Commission Expenses Total 310,000 206,335 103,665 285,000 258,232 26,768 360,000 355,000 (5,000) Total Bradley Lake Budget 4,787,467 4,019,975 767,492 5,351,042 4,773,126 577,915 5,628,702 5,747,908 119,206 3/11/20213:02 PM2022-BradleyBudget-Proposed 3.11.2021.xlsxSch BPage 13 of 22 ALASKA ENERGY AUTHORITYBRADLEY LAKE HYDROELECTRIC PROJECTMonthly Utility Contributions Schedule CFY2019 FY2020 FY2021 FY2022 FY2021 toPercentAmendedAmendedAmended Draft FY2022Power PurchaserShareBudgetBudgetBudgetBudgetChangeChugach Electric (combined w ML&P) 56.3%10,701,072 11,026,056 8,919,846 5,685,020 (3,234,826) Homer Electric 12.0%2,280,864 2,350,140 1,901,209 1,211,726 (689,483) Matanuska Electric 13.8%2,622,996 2,702,664 2,186,393 1,393,487 (792,906) Golden Valley Electric 16.9%3,212,220 3,309,780 2,677,538 1,706,516 (971,022) City of Seward 1.0%190,068 195,840 158,434 100,977 (57,457) Rounding(1) 5 - 100.0%19,007,219 19,584,485 15,843,420 10,097,726 (5,745,694) Percent FY2019 FY2020 FY2021 FY2022Power PurchaserShareMonthly MonthlyMonthlyMonthlyChugach Electric (combined w ML&P) 56.3%891,756 918,838 743,320 473,752(269,569) Homer Electric 12.0%190,072 195,845 158,434 100,977(57,457) Matanuska Electric 13.8%218,583 225,222 182,199 116,124(66,076) Golden Valley Electric 16.9%267,685 275,815 223,128 142,210(80,919) City of Seward 1.0%15,839 16,320 13,203 8,415(4,788) - 100.0%1,583,935 1,632,040 1,320,285 841,477 (478,808) 3/11/20213:02 PM2022-BradleyBudget-Proposed 3.11.2021.xlsxSch CPage 14 of 22 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 06/30/19 Disburse at 06/30/20 Disburse at 06/30/21 Disburse at 06/30/22 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 41,179.09 41,179.09 150,000.00 191,179.09 150,000.00 341,179.09 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 0.00 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 510,550.13 510,550.13 0.00 510,550.13 0.00 510,550.13 0.00 510,550.13 Emerson Operating System Upgrade 622,665.00 622,665.00 0.00 622,665.00 0.00 622,665.00 0.00 622,665.00 Generator #2 Relacement 582,341.67 582,341.67 370,871.04 953,212.71 0.00 953,212.71 0.00 953,212.71 Road Grader 0.00 0.00 0.00 0.00 370,000.00 370,000.00 0.00 370,000.00 Battle Creek Construction 0.00 3,666,000.00 3,666,000.00 0.00 3,666,000.00 Battle Creek Cash Call 0.00 750,000.00 750,000.00 0.00 750,000.00 Repayment through Cash Call 0.00 (750,000.00) (750,000.00) 0.00 (750,000.00) Needle Rapairs 0.00 700,000.00 700,000.00 0.00 700,000.00 Construct additional residence 0.00 0.00 980,000.00 980,000.00 Spillway Raise license mod, engineering, & environ studies 300,000.00 300,000.00 1,715,556.80 26,608,507.86 412,050.13 27,020,557.99 4,886,000.00 31,906,557.99 1,430,000.00 33,336,557.99 Current Year R&C Repayment (2,746,068.00) (2,121,396.10) (2,088,753.22) (2,110,901.73) 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 (117,149.21) (175,199.84) (269,486.35) 0.00 Net Transfer from Revenue Fund (2,863,217.21) (2,296,595.94) (2,358,239.57) (2,110,901.73) Cumulative Prior Years R&C Repayments (20,465,255.55) (23,240,089.01) (25,518,390.50) (27,876,630.07) Due back to Utilities 88,383.75 18,294.45 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 (20,376,871.80) (23,221,794.56) (25,518,390.50)(27,876,630.07) NET DUE TO R&C FUND 3,368,418.85 1,502,167.49 4,029,927.92 3,349,026.19 R&C FUND CASH FLOW PROJECTION Beginning Investment Balance 1,013,291.03 2,435,913.25 3,922,231.19 970,072.08 Disbursements-current year (999,608.45) (412,050.13) (4,886,000.00) (1,430,000.00) Disbursements-prior year accrued 0.00 (309,844.12) (406,104.23) 0.00 R&C Repayment to utilities (440,986.54) (88,383.75) (18,294.45) 0.00 Net other cash inflow(outflow) 0.00 0.00 0.00 0.00 Current year interest earnings 117,149.21 175,199.84 269,486.35 0.00 Current year Participants Contributions to R&C 2,746,068.00 2,121,396.10 2,088,753.22 2,110,901.73 Ending Investment Balance 2,435,913.25 3,922,231.19 970,072.08 1,650,973.82 Accrued R&C Payable at year end-Due to Utilities (88,383.75) (18,294.45) 0.00 0.00 Accrued R&C vendor Payable at year end (715,948.35) (406,104.23) 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 4 4th yr 599,544.50 $5,644,193.08 x 25% all 4 years 3rd yr 1,411,048.27 4th yr 1,411,048.27 $1,341,405.96 x 25% all 4 years 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 4th yr 428,889.20 $150,000 x 25% all 4 years 1st yr 103,012.53 2nd yr 103,012.53 3rd yr 103,012.53 $520,000 x 25% all 4 years 1st yr 1,221,500.00 2nd yr 1,221,500.00 1st yr 357,500.00 2,774,833.46 2,278,301.49 2,088,753.22 2,110,901.73 3/11/20213:02 PM2022-BradleyBudget-Proposed 3.11.2021.xlsx Sch D Page 15 of 22 ALASKA ENERGY AUTHORITYBRADLEY LAKE HYDROELECTRIC PROJECTBattle CreekCapital Purchases (not funded by R&C Fund)Schedule EFY19 FY20 FY21 FY22Amended DraftActualsActualsBudgetBudgetComments for FY22:Battle Creek Diversion 149,941 822,327 320,000 - Battle Creek Associated Costs 15,000 Vent Enlargment 50,000 Pressure Sensor w SCADA 25,000 Power feed to LBC Bridge 25,000 Total Non R&C Capital Purchases 149,941 822,327 320,000 115,000 Capital Construction Project Description3/11/20213:02 PM2022-BradleyBudget-Proposed 3.11.2021.xlsxSch EPage 16 of 22 ALASKA ENERGY AUTHORITYBRADLEY LAKE HYDROELECTRIC PROJECTALASKA ENERGY AUTHORITYBRADLEY LAKE HYDROELECTRIC PROJECTBattle Creek Operations & Maintenance BudgetSchedule FHEA262,438 319,073 (56,635) 268,524 332,875 (64,351) 92,569 - (92,569) CEA- ‐ - - ‐ - - - - AEA191,550 208,651 (17,101) 126,900 247,731 (120,831) 273,900 208,900 (65,000) BL- - - - - - 181,245 190,710 9,465 453,988 527,724 (73,736) 395,424 580,606 (185,182) 547,714 399,610 (148,104) ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ FY19 FY21 FY22FY19 Amended Budget Actual (Over) Under Budget FY20AmendedBudget Actual (Over) Under Budget FY21AmendedBudget FY22DraftBudget Increase (Decrease) from PY Summary by cost type- - Administrative Costs453,988 527,724 (73,736) 395,424 580,606 (185,182) 255,469 82,900 (172,569) Battle Creek O&M ‐ Bradley Allocation- - - - - - 181,245 190,710 9,465 Battle Creek O&M111,000 126,000 15,000 453,988 527,724 (73,736) 395,424 580,606 (185,182) 547,714 399,610 (148,104) Bradley Lake O&M 4% charge to Battle Creek - Battle Creek O&M- - - - - - 181,245 190,710 BL9,465 FERC 537 ‐ Hydraulic ExpensesHydraulic ExpensesBattle Creek OperatingLabor & Benefits- - - - - - - - - Indirect Costs- - - - - - - - - Travel- - - - - - - - - Training- - - - - - - - - Contractual- - - - - - 66,000 81,000 AEA15,000 Supplies & Materials- - - - - - - Equipment, Furniture and Machinery- - - - - - - Bradley Lake Operating Total- - - - - - 66,000 81,000 15,000 FERC 537 ‐ Hydraulic Expenses Total- - - - - - 66,000 81,000 15,000 FERC 556 ‐ System Control & Load DispatchingStreamgaging ExpensesBattle Creek OperatingLabor & Benefits- - - - - - - - - Indirect Costs- - - - - - - - - Travel- - - - - - - - - Training- - - - - - - - - Contractual- - - - - - 45,000 45,000 AEA- Supplies & Materials- - - - - - - - - Equipment, Furniture and Machinery- - - - - - - - - Bradley Lake Operating Total- - - - - - 45,000 45,000 - FERC 556 ‐ System Control & Load Dispatching Total- - - - - - 45,000 45,000 - FY20 3/11/20213:02 PM2022-BradleyBudget-Proposed 3.11.2021.xlsxSch FPage 17 of 22 FY19 FY21 FY22FY19 Amended Budget Actual (Over) Under Budget FY20AmendedBudget Actual (Over) Under Budget FY21AmendedBudget FY22DraftBudget Increase (Decrease) from PY FY20 FERC 920 & 930 ‐ Administrative ExpenseBattle Creek Admin FeesAdministrative Costs8,193 7,421 772 12,274 12,274 0 11,419 - HEA(11,419) Administrative Costs168,000 168,000 - 105,000 105,051 (51) 122,000 71,000 AEA(51,000) Battle Creek Admin Fees Total176,193 175,421 772 117,274 117,325 (51) 133,419 71,000 (62,419) Operating Committee Exp‐Owners RepresentativeAdministrative Costs254,245 311,652 (57,407) 256,250 320,601 (64,351) 81,150 ‐ HEA(81,150) Operating Committee Exp‐Owners Representative Total254,245 311,652 (57,407) 256,250 320,601 (64,351) 81,150 - (81,150) Operating Committee Exp‐LegalAdministrative Costs15,000 34,795 (19,795) 15,000 135,880 (120,880) 30,000 5,000 AEA (25,000) Operating Committee Exp‐Legal Total15,000 34,795 (19,795) 15,000 135,880 (120,880) 30,000 5,000 (25,000) Operat Committee Exp‐ArbitrageAdministrative Costs2,000 1,690 310 2,000 1,690 310 2,000 2,000 AEA - Operat Committee Exp‐Arbitrage Total2,000 1,690 310 2,000 1,690 310 2,000 2,000 - Trust & Account FeesAdministrative Costs6,550 4,083 2,467 4,800 5,000 (200) 8,800 4,800 AEA (4,000) Trust & Account Fees Total6,550 4,083 2,467 4,800 5,000 (200) 8,800 4,800 (4,000) Operating Committee Exp‐Other Administrative Costs- 83 (83) 100 110 (10) 100 100 AEA- Operating Committee Exp‐Other Total- 83 (83) 100 110 (10) 100 100 - FERC 920 & 930 ‐ Administrative Expense Total 453,988 527,724 (73,736) 395,424 580,606 (185,182) 255,469 82,900 (172,569) Total Bradley Lake Budget 453,988 527,724 (73,736) 395,424 580,606 (185,182) 547,714 399,610 (148,104) 3/11/20213:02 PM2022-BradleyBudget-Proposed 3.11.2021.xlsxSch FPage 18 of 22 ALASKA ENERGY AUTHORITYBRADLEY LAKE HYDROELECTRIC PROJECTBattle Creek Monthly Participating Purchaser ContributionsSchedule GFY2019 FY2020 FY2021 FY2022 FY2021 toPercentAmendedAmended Amended Draft FY2022POWER PURCHASERShareBudgetBudgetBudgetBudgetChangeChugach Electric Association 39.38%519,711 1,008,930 2,367,938 1,403,682 (964,256) Municipal Light & Power 0.00%- - - - - Homer Electric Association 41.44%546,898 1,061,708 2,491,807 1,477,109 (1,014,698) Matanuska Electric Association 17.88%235,968 458,092 1,075,133 637,324 (437,809) Golden Valley Electric Association 0.00%- - - - - City of Seward 1.30%17,157 33,306 78,169 46,338 (31,831) Rounding- 100.00%1,319,734 2,562,036 6,013,047 3,564,453 (2,448,594) FY2021 FY2022 FY2021 toPercent FY2019 FY2020 Amended Draft FY2022POWER PURCHASERShareMonthlyMonthlyBudgetBudgetChangeChugach Electric Association 39.38%43,309 86,867 220,385 116,974 (103,412) Municipal Light & Power 0.00%- - - - - Homer Electric Association 41.44%45,575 91,411 231,913 123,092 (108,821) Matanuska Electric Association 17.88%19,664 39,441 100,063 53,110 (46,953) Golden Valley Electric Association 0.00%- - - - - City of Seward 1.30%1,430 2,868 7,275 3,862 (3,414) - - 100.0%109,978 220,587 559,636 297,038 (262,598) 3/11/20213:02 PM2022-BradleyBudget-Proposed 3.11.2021.xlsxSch GPage 19 of 22 ALASKA ENERGY AUTHORITYBRADLEY LAKE HYDROELECTRIC PROJECTSSQ Line Capital Purchases (not funded by R&C Fund)Schedule HFY19 FY20 FY21 FY22Amended DraftActualsActualsBudgetBudgetComments for FY22:SQ Line Access Documentation 150,000 SQ Line Acquisition Costs 40,000 Total Non R&C Capital Purchases - - 190,000 - Capital Project Description3/11/20213:02 PM2022-BradleyBudget-Proposed 3.11.2021.xlsxSch HPage 20 of 22 ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT SSQ Line Operations and Maintenance Budget Schedule I HEA 150,000 230,523 80,523 CEA - - - AEA 20,000 144,000 124,000 170,000 374,523 204,523 ‐ ‐ ‐ FY21 FY22 FY21 Amended Budget FY22 Draft Budget Increase (Decrease) From PY Summary by cost type Labor & Benefits 32,500 55,523 23,023 Indirect Costs - - - Travel - - - Training - - - Contractual 110,000 250,000 140,000 Supplies & Materials 7,500 25,000 17,500 Other Costs - - - Equipment, Furniture and Machinery - - - Maintenance Projects - - - Administrative Costs 20,000 44,000 24,000 170,000 374,523 204,523 ‐ FERC 571 ‐ Maintenance of Overhead Lines Maint of OH Lines SQ Line Labor & Benefits 32,500 55,523 HEA 23,023 Travel - - - Contractual 110,000 150,000 HEA 40,000 Contractual - 100,000 AEA 100,000 Supplies & Materials 7,500 25,000 HEA 17,500 Other Costs - - - - SQ Line Total 150,000 330,523 180,523 FERC 571 ‐ Maintenance of Overhead Lines Total 150,000 330,523 180,523 FERC 920 & 930 ‐ Administrative Expense AEA Bradley Admin Fees Bradley Lake Operating Administrative Costs 20,000 42,000 AEA 22,000 Bradley Lake Operating Total 20,000 42,000 22,000 SSQ Line Trust & Account Fees SQ Line Administrative Costs - 2,000 AEA 2,000 SQ Line Total - 2,000 2,000 FERC 920 & 930 ‐ Administrative Expense Total 20,000 44,000 24,000 Total Bradley Lake Budget 170,000 374,523 204,523 3/11/20213:02 PM2022-BradleyBudget-Proposed 3.11.2021.xlsxSch I Page 21 of 22 ALASKA ENERGY AUTHORITYBRADLEY LAKE HYDROELECTRIC PROJECTSSQ LineMonthly Utility Contributions Schedule JFY2021 FY2022 FY2021 toPercentAmended Draft FY2022Power PurchaserShareBudgetBudgetChangeChugach Electric (combined w ML&P) 56.3%202,680 233,885 31,205 Homer Electric 12.0%43,200 49,851 6,651 Matanuska Electric 13.8%49,680 57,329 7,649 Golden Valley Electric 16.9%60,840 70,207 9,367 City of Seward 1.0%3,600 4,154 554 Rounding- 100.0%360,000 415,426 55,426 Percent FY2021 FY2022Power PurchaserShareMonthlyMonthlyChugach Electric (combined w ML&P) 56.3%16,890 19,4902,600 Homer Electric 12.0%3,600 4,154554 Matanuska Electric 13.8%4,140 4,777637 Golden Valley Electric 16.9%5,070 5,851781 City of Seward 1.0%300 34646 - 100.0%30,000 34,619 4,619 3/11/20213:02 PM2022-BradleyBudget-Proposed 3.11.2021.xlsxSch JPage 22 of 22 Bradley Lake Operator Report Page 1 Bradley Lake Operator Report BPMC March 26, 2021 Unit Statistics: *as of March 15, 2021 For February: For March*: Lake level – 1124.1’ as of March 15, 2021 This is the average for this time of year. Capital Projects: 1) Unit 1 Needle Repair – This has been a long and difficult repair with much more damage than was first expected. Unit 1 was returned to service on January 29. Unit 1 failed one week later due to oil contamination. After a week of cleaning the oil system the unit was returned to service and has remained in service since. 2) Mechanical Divider issue – Unit 2 dividers are being replaced as a part of the Unit 2 needle job. Bradley Lake Operator Report Page 2 3) Unit 2 pole connections– We plan to inspect Unit 2 pole connections prior to returning Unit 2 to service. 4) Unit 2 – The needle repair on Unit 2 started on February 8, 2021 after being delayed for one week due to the Unit 1 failure. This has turned out to be an equally difficult repair as Unit 1. The new completion date is expected to be Mid- April. We have taken a break for four weeks while the shafts are being machined. 5) Needle Overhaul Unit 1 and Unit 2 – Because the required repairs to the needle pistons were greater than first anticipated, the contamination of the oil in Unit 1, the failure of Unit 1 after repair and the required MOB / DEMOB for the job (twice), the total cost of the overhaul is going to exceed the original estimate of $900,000. I will not have a complete figure until we actually return Unit 2 to service. 6) Emerson Ovation cybersecurity – EMERSON was on site and upgraded the Cybersecurity portion of the DCS during the first week of February, concurrent with the Unit 2 repair. Operations, Maintenance, and Inspections: 1) Operations- Unit 1 has remained operational during the outage on Unit 2 and has carried the water (again pun intended). 2) Safety meeting – Meeting was held in February and March. 3) Weather has been bad (or good)– We have had big dumps of snow and expect the spring runoff to provide a lot of water when spring arrives. This is why it is important to get Unit 2 operational. Bradley Lake Operator Report Page 3 Valve body that failed due to oil issues Bradley Lake Operator Report Page 4 Detail of valve that was failed due to oil issues (it is about 8 inches in length) Bradley Lake Operator Report Page 5 Oil after cleaning and replacing Bradley Lake Operator Report Page 6 Unit 2 needle internal parts waiting re-assembly Bradley Lake Operator Report Page 7 Unit 2 needle bodies and needles waiting for refurbished shafts and re-assembly Bradley O&D Report to the BPMC Friday 26,2021 1. Report from the Bradley O&D Committee Meeting March 12, 2021 2. Members Present: a. Sarauer (GVEA); Thornton (CEA); Patrick (HEA); Day (HEA); Warner (AMLP); Crowell (MEA); Carey (AEA); 3. FY22 Budget Budget discussions continued reviewing input from the Bradley Lake Plant. Discussion included Plant Capitol and O&M, SSQ line issues, 69 kV line removal, SQ line upgrade and Battle Creek. Bradley O&D approved the proposed budged. Josh Crowell motion to accept the FY-22 budget. Seconded by Lance McKimson, roll call vote passed unanimously. 4. Static VAR Compensator(SVC) Power Oscillation Damping (POD) Setting revisions work by ABB to meet the requirements of the Oscillation Study. Work will cost $61,687. Scope includes verification study, onsite setting installation and commissioning at Dave’s Creek and Soldotna. Motion to approve Pete Sarauer, Seconded by Josh Crowell, roll call vote passed unanimously. 5. HEA working on budget and scope to implement the Oscillation study recommendations to retune the Power System Stabilizers at Bradley Lake. 6. Needle Repair Estimate Review by the O&D Committee: a. Unit 1 repairs are complete and unit has been returned to service. Needle repair on Unit 2 is in process. Refurbished parts back in Bradley at the beginning of next month. Unit 2 is expected to be back in service by April 15th. Getting replacement shafts quote from ROTEQ.