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HomeMy WebLinkAbout2022-03-25 BPMC Agenda and docsBRADLEY LAKE PROJECT MANAGEMENT COMMITTEE REGULAR MEETING AGENDA Friday, March 25, 2022 Immediately Following the 9:00 AM IMC Meeting To participate dial 1-888-585-9008 and use code 212-753-619# 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 MEETING MINUTES – January 28, 2022, March 3, 2022, March 10, 2022 7. EXECUTIVE SESSION – (Bylaws Section 5.11.4) – To discuss confidential attorney-client communications the immediate knowledge of which may have an adverse effect on the Project or the Authority, and to discuss matters the immediate knowledge of which would clearly have an adverse effect upon the finances of the Authority or the Project. 8. NEW BUSINESS A. Alaska Transmission Opportunities • Brief on DOE discussions Clay Koplin, Cordova Electric Coop. B. FY23 BPMC BUDGET C. Infrastructure Investment Act Funding (IIJA) AEA 9. OLD BUSINESS A. Required Project Work i. Resolution 22-02 – Scope of Services for Consultant to BPMC ii. Resolution 22-03 – Providing for Advance Payment for Required Project Work iii. Resolution 22-04 – Financing and Development of Required Project Work 10. OPERATORS REPORT HEA 11. O&D REPORT CEA 12. COMMITTEE REPORTS A. Budget to Actual Budget Subcommittee B. Special Committee on Required Project Work Brad Janorschke 13. COMMITTEE ASSIGNMENTS 14. MEMBERS COMMENTS 15. NEXT MEETING DATE – May 20, 2022 16. ADJOURNMENT Alaska Transmission Opportunities Clay Koplin, PE CEO Cordova Electric Cooperative Transmission Development • Section 40101—Preventing Outages and Enhancing the Resilience of the Electric Grid: This section directs the Department of Energy (DOE) to establish a grant program to support activities that reduce the likelihood and consequence of impacts to the electric grid due to extreme weather, wildfire, and natural disaster. This section authorizes US$5 billion for the period of fiscal years (FY) 22-26. (Investment Program for transmission that goes half to states and half to the federal government – reconductoring, advancements in the distribution system – 100% matching and stiff barriers/requirements - $5B) • Section 40103—Electric Grid Reliability and Resilience Research, Development, and Demonstration: This section establishes the “Program Upgrading Our Electric Grid Reliability and Resiliency” program to provide Federal financial assistance to demonstrate innovative approaches to transmission, storage, and distribution infrastructure to harden resilience and reliability and to demonstrate new approaches to enhance regional grid resilience, implemented through States by public and publicly regulated entities on a cost-shared basis. It also directs the Secretary of Energy to improve resilience, safety, and reliability and environmental protection in rural or remote areas and—in collaboration with Department of Homeland Security, the Federal Energy Regulatory Commission (FERC), and the North American Electric Reliability Corporation (NERC)—to develop a framework to assess the resilience of energy infrastructure. This section authorizes US$5 billion for the period of FY22-26 for the Energy Infrastructure Federal Financial Assistance program and US$1 billion for the period of FY22-26 for Rural or Remote Areas. ($5B innovating investments – strategic looks at resilience, states are the eligible entities.) • Section 40105—Siting of Interstate Electric Transmission Facilities: This section directs DOE to study capacity constraints and congestion when designating National Interest Electric Transmission Corridors (NIETC). It also adds more objective criteria to the list of considerations the Secretary of Energy uses to select and designate an NIETC. The section adds that the FERC may issue permits for construction or modification of certain interstate transmission facilities if a state commission withholds or denies an application seeking approval for the siting of such facilities. It also directs FERC to consider whether the transmission permit applicant has engaged states and non-federal entities in good faith consultations and in a timely manner before exercising its backstop siting authority. • Section 40106—Transmission Facilitation Program: This section establishes a US$2.5 billion revolving loan fund to allow DOE to serve as an “anchor-tenant” for a new transmission line or an upgrade of an existing line. The section permits DOE to buy a certain portion of the planned capacity (not more than 50 percent), which it then may sell after determining that the transmission project has ensured financial viability. It also permits DOE to issue loans to or enter into public private partnerships with eligible transmission projects. It also authorizes US$10 million for each of FY22-26 to carry out the program. • Section 40107—Deployment of Technologies to Enhance Grid Flexibility: This section amends the Energy Independence and Security Act of 2007 to include Smart Grid investments that provide flexibility and help quickly rebalance the electrical system, facilitate the aggregation or integration of distributed energy resources, provide energy storage to meet fluctuating demand, provide voltage support, integrate intermittent generation sources, increase the network’s operational transfer capacity, and anticipate and mitigate impacts of extreme weather events or natural disasters on grid resilience. The section authorizes US$3 billion for the Smart Grid Investment Matching Grant Program. ($3B – fiber, secure communications, grid enhancing technologies. Huge opportunities in EV deployment / EV operability. Significant opportunities for investments with DOD). • Section 40109—State Energy Program: This section authorizes US$5 million for the period of FY22-26 for the State Energy Program. It also amends the Energy Policy and Conservation Act to require State Energy Conservation Plans to support transmission and distribution planning activities. ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT FY2023 DRAFT BUDGET DATE: MARCH 25, 2022 ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT 2023 Budget Contents Schedule Description Page # Summary FY23 Draft Budget Summary 3 Schedule A Bradley Lake Capital Purchases (not funded by R&C) 4 Schedule B Bradley Lake Operations & Maintenance Budget 5 - 13 Schedule C Bradley Lake Monthly Utility Contributions 14 Schedule D R&C Fund Disbursements and Repayments 15 Schedule E Battle Creek Capital Purchases (not funded by R&C) 16 Schedule F Battle Creek Operations & Maintenance Budget 17 - 18 Schedule G Battle Creek Monthly Utility Contributions 19 Schedule H SSQ Line Capital Purchases (not funded by R&C) 20 Schedule I SSQ Line Operations & Maintenance Budget 21 Schedule J SSQ Line Monthly Utility Contributions 22 ` Page 2 of 22 ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT Budget Summary FY2021 FY2022 FY2023 Inc(Dec) From FY2020 FY2021 Amended Amended Draft Prior Year Bradley Lake (excluding Battle Creek & SSQ Line shown below)Actuals Actuals Budget Budget Budget Budget Revenues, Expenses & Changes in surplus Revenues Utility Contributions (sch C) 18,507,495 15,327,573 16,403,421 7,970,884 10,722,574 2,751,691 Other Miscellaneous-R&C Fund Cash Call - 1,976,230 1,799,000 - - 0 Interest Income 1,887,786 752,000 750,000 903,500 - (903,500) Excess Payment Agreement 12,454,346 12,454,346 Other Available Funds - 1,325,513 1,325,513 - - 0 20,395,281 19,381,316 20,277,934 8,874,384 23,176,920 14,302,537 Expenses Operations & Maintenance (sch B) 4,773,126 4,921,752 5,798,702 6,494,352 5,675,360 (818,992) Renewals/Replacements (R&C Fund Repayments) (sch D) 2,278,302 1,084,962 1,184,753 1,331,902 1,653,013 321,111 Renewals/Replacements (R&C Fund Cash Call) (sch D) - 750,000 750,000 - - 0 Non R&C Capital Purchases (sch A) 283,425 540,501 652,000 909,000 3,558,000 2,649,000 Transfer To(From) Operating Reserve 112,715 276,375 84,752 139,130 (163,798) (302,928) Debt Service 12,778,775 11,453,263 11,453,263 - - 0 Arbitrage Transfer 168,938 354,464 354,464 - - 0 Excess Payment Agreement - - - 0 12,454,346 12,454,346 20,395,281 19,381,316 20,277,934 8,874,384 23,176,920 14,302,537 Surplus (Deficit) 0 0 0 0 0 0 Other Project Costs - Battle Creek Revenues, Expenses & Changes in surplus Revenues - Battle Creek Utility Contributions (sch G) 1,967,642 3,817,734 6,013,048 3,564,453 3,580,808 16,355 Other Miscellaneous-R&C Fund Cash Call - - - - - 0 Interest Income 47,620 329 - - - 0 Capital Reserve Contributions - - - - - 0 Other Available Funds - - - - - 0 2,015,262 3,818,063 6,013,048 3,564,453 3,580,808 16,355 Expenses - Battle Creek Battle Creek Operations & Maintenance (sch F) 580,606 475,700 547,714 399,610 426,653 27,044 Renewals/Replacements (R&C Fund Repayments) (sch D) - 1,103,993 1,104,000 1,104,000 1,104,000 0 Renewals/Replacements (R&C Fund Cash Call) (sch D) - - - - 0 Capital Purchases (sch E) - 7,913 - - - 0 Capital Purchases - Revenue Fund (sch E) 822,327 320,000 115,000 90,000 (25,000) Transfer To(From) Operating Reserve (11,713)124,322 30,926 (29,621)5,409 35,030 Debt Service 1,753,324 3,130,353 3,518,317 3,064,883 3,006,599 (58,284) IRS Subsidy (1,129,282) (1,131,617)- (1,089,419) (1,051,853) 37,566 Cost of Issuance 9th Series - - - - 0 Capital Reserve Contribution - 107,399 492,091 - - 0 2,015,262 3,818,063 6,013,048 3,564,453 3,580,808 16,355 Surplus (Deficit) 0 0 0 0 0 0 Other Project Costs - SSQ Line Revenues, Expenses & Changes in surplus Revenues - SSQ Line Utility Contributions (sch J) - 59,350 360,000 2,250,511 725,494 (1,525,017) Other Miscellaneous-R&C Fund Cash Call - - - 9,893,771 (9,893,771) Capital Reserve Contributions - - - - - 0 Other Available Funds - - - 1,559,492 - (1,559,492) - 59,350 360,000 13,703,774 725,494 (12,978,280) Expenses - SSQ Line SSQ Line Operations & Maintenance (sch I) - 10,194 170,000 444,523 336,999 (107,524) Renewals/Replacements (R&C Fund Repayments) (sch D) - - - - - 0 Renewals/Replacements (R&C Fund Cash Call) (sch D) - - - - - 0 Capital Purchases (sch H) - 49,156 190,000 750,000 - (750,000) Transfer To(From) Operating Reserve - - - 54,905 (21,505) (76,409) Debt Service - - - 12,454,346 410,000 (12,044,346) Capital Reserve Contribution - - - - - 0 - 59,350 360,000 13,703,774 725,494 (12,978,280) Surplus (Deficit) 0 0 0 0 0 0 Other Information Operating Reserve * 1,070,208 1,159,740 1,298,870 1,135,072 Operating Reserve - Battle Creek* 79,085 109,543 79,922 85,331 Operating Reserve - SSQ Line* 34,000 88,905 67,400 Monthly Contributions 1,632,040 1,366,952 664,240 893,548 Monthly Contributions Battle Creek 242,670 501,087 297,038 298,401 Monthly Contributions SSQ Line 30,000 187,543 60,458 *Required to be 20% of budgeted operating expense Page 3 of 22 ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT Capital Purchases (not funded by R&C Fund) Schedule A FY20 FY21 FY22 FY23 Amended Draft Actuals Actuals Budget Budget Replace/Automate Fish Water Valves & Actuators 2,931 - - Upgrade Crews Quarters\Residence Kitchen\New Furniture 139,000 159,000 Replace dump truck and sander - 166,608 20,000 Pick up truck 41,484 - UPS Replacement 65,696 34,438 - Rough terrain fork lift (with plow for snow) 131,594 - IRIS Air gap monitoring system (computer) 41,720 45,000 65,000 Housing Preliminary Design 10,375 - Emerson Cybersecurity Update 138,555 - Heavy Duty trailer for equipment 20,000 20,000 ABB Replace GIS Actuators 240,000 309,000 Replacement pickup truck 45,000 Needle Valve rebuild 150,000 150,000 Start New Servo Design 100,000 250,000 Soldotna SVC Battery Replacement 70,000 Battle Creek Bridge Repair 141,368 80,000 SQ Line Access Documentation 3,127 SQ Line Acquisition Costs 46,029 North Fork Improvements 5,000 Mini Excavator 100,000 Install New Bradley Microwave System 500,000 SSQ Design 2,000,000 Total Non R&C Capital Purchases 283,425 540,501 909,000 3,558,000 Capital Project Description Page 4 of 22 ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT Bradley Lake Operations and Maintenance Budget Schedule B FY20 FY21 FY22 FY23 FY20 Amended Budget Actual (Over) Under Budget to date FY21 Actual (Over) Under Budget to date FY22 Amended Budget FY23 Draft Budget Increase (Decrease) From PY Summary by cost type Labor & Benefits 1,219,935 1,011,432 208,503 1,257,590 1,266,685 (9,095) 1,307,994 2,802,081 1,494,087 Indirect Costs 1,383,388 1,251,241 132,147 1,486,285 1,295,342 190,943 1,486,285 - (1,486,285) Travel 45,950 10,512 35,438 44,950 1,729 43,221 38,450 26,450 (12,000) Training 49,300 14,875 34,425 49,300 25,474 23,826 49,300 49,300 - Contractual 869,842 655,575 214,267 844,340 701,750 142,590 1,044,525 1,195,727 151,202 Supplies & Materials 346,345 262,370 83,975 389,345 282,663 106,682 429,345 311,232 (118,113) Other Costs 67,818 65,648 2,170 70,818 68,510 2,308 97,318 67,318 (30,000) Equipment, Furniture and Machinery 176,000 127,535 48,465 170,000 43,344 126,656 73,000 24,000 (49,000) Maintenance Projects - 314 (314) - - - - - - Administrative Costs 1,192,464 1,373,624 (181,160) 1,438,319 1,226,007 212,312 2,158,844 1,435,726 (723,118) Battle Creek O&M - - - (181,245) - (181,245) (190,710) (236,473) (45,764) 5,351,042 4,773,126 577,915 5,569,702 4,911,504 658,198 6,494,352 5,675,360 (818,992) Bradley Lake O&M 4% charge to Battle Creek Battle Creek O&M - - - (181,245) - - (190,710) (236,473) BC (45,764) Bradley Lake O&M 4% charge to Battle Creek FERC 535 - Operation Supervision & Engineering Operations Sup/Eng Bradley Lake Operating Labor & Benefits 107,453 89,713 17,740 107,453 112,274 (4,821) 107,604 264,009 156,405 Indirect Costs 155,698 128,545 27,153 155,698 125,787 29,911 155,698 - (155,698) Travel 10,450 246 10,204 10,450 408 10,042 10,450 10,450 - Training 9,300 991 8,309 9,300 2,076 7,224 9,300 9,300 - Contractual 1,000 173 827 11,000 - 11,000 11,000 1,000 (10,000) Supplies & Materials 4,000 3,698 302 4,000 3,082 918 4,000 4,000 - Administrative Costs (9,745) 9,745 - - - Bradley Lake Operating Total 287,901 223,366 64,536 297,901 233,883 64,018 298,053 288,759 (9,294) FERC 535 - Operation Supervision & Engineering Total 287,901 223,366 64,536 297,901 233,883 64,018 298,053 288,759 HEA (9,294) Page 5 of 22 FY20 FY21 FY22 FY23 FY20 Amended Budget Actual (Over) Under Budget to date FY21 Actual (Over) Under Budget to date FY22 Amended Budget FY23 Draft Budget Increase (Decrease) From PY FERC 537 - Hydraulic Expenses Hydraulic Expenses Bradley Lake Operating Labor & Benefits 84,081 67,694 16,387 84,192 86,134 (1,942) 84,192 204,512 120,320 Indirect Costs 107,519 98,886 8,633 114,320 97,168 17,152 114,320 - (114,320) Travel 10,000 - 10,000 10,000 129 9,871 8,000 - (8,000) Contractual 22,000 - 22,000 (37,000) 32,071 (69,071) 73,000 123,000 50,000 Contractual - Design Services 59,000 - 59,000 Supplies & Materials 19,000 9,806 9,194 59,000 2,297 56,703 16,000 32,000 16,000 Equipment, Furniture and Machinery 81,000 13,368 67,632 32,000 - 32,000 39,000 - (39,000) Administrative Costs - (8,712) 8,712 - Bradley Lake Operating Total 323,600 189,754 133,846 321,512 209,086 112,425 334,512 359,512 25,000 FERC 537 - Hydraulic Expenses Total 323,600 189,754 133,846 321,512 209,086 112,426 334,512 359,512 HEA 25,000 FERC 538 - Electric Expenses Electric Expenses Bradley Lake Operating Labor & Benefits 208,745 210,745 (2,000) 218,044 274,470 (56,426) 218,044 480,048 262,004 Indirect Costs 242,067 257,551 (15,484) 262,004 270,826 (8,822) 262,004 - (262,004) Travel 7,000 3,140 3,860 7,000 110 6,890 7,000 7,000 - Training 25,000 13,884 11,116 25,000 23,398 1,602 25,000 25,000 - Contractual 7,000 2,587 4,413 2,000 - 2,000 5,000 2,000 (3,000) Supplies & Materials 50,732 14,111 36,621 41,732 23,771 17,961 42,732 9,732 (33,000) Equipment, Furniture and Machinery 63,000 91,512 (28,512) 73,000 30,979 42,021 11,000 - (11,000) Other Costs - 5,000 2,102 2,898 - - - Administrative Costs - (25,026) 25,026 - Bradley Lake Operating Total 603,544 593,530 10,014 633,780 600,630 33,150 570,780 523,780 (47,000) FERC 538 - Electric Expenses Total 603,544 593,530 10,014 633,780 600,630 33,150 570,780 523,780 HEA (47,000) Page 6 of 22 FY20 FY21 FY22 FY23 FY20 Amended Budget Actual (Over) Under Budget to date FY21 Actual (Over) Under Budget to date FY22 Amended Budget FY23 Draft Budget Increase (Decrease) From PY FERC 539 - Misc. Hydraulic Power Generation Expenses Misc Hydro Power Exp Bradley Lake Operating Labor & Benefits 104,936 70,195 34,741 105,047 85,110 19,937 104,788 220,062 115,274 Indirect Costs 107,519 98,544 8,975 114,320 95,770 18,550 114,320 - (114,320) Training 15,000 - 15,000 15,000 - 15,000 15,000 15,000 - Contractual 287,525 185,822 101,703 287,525 213,924 73,601 287,525 315,867 28,342 Supplies & Materials 17,900 31,569 (13,669) 17,900 66,633 (48,733) 17,900 17,900 - Administrative Costs - (21,052) 21,052 Bradley Lake Operating Total 532,879 386,130 146,749 539,791 440,386 99,405 539,533 568,829 HEA 29,296 BRADLEY CIRCUITS/RADIO TO BERNICE LK Other Costs 35,695 35,696 (1) 35,695 35,696 (1) 35,695 35,695 - BRADLEY CIRCUITS/RADIO TO BERNICE LK Total 35,695 35,696 (1) 35,695 35,696 (1) 35,695 35,695 HEA - BRADLEY CIRCUITS BERNICE LK TO ANCH Other Costs 29,773 29,194 579 29,773 29,162 611 29,773 29,773 - BRADLEY CIRCUITS BERNICE LK TO ANCH Total 29,773 29,194 579 29,773 29,162 611 29,773 29,773 CEA - FERC 539 - Misc. Hydraulic Power Generation Expenses Total 598,347 451,020 147,327 605,259 505,243 100,016 605,001 634,297 29,296 FERC 540 - Rents FERC Land Use Fee Bradley Lake Operating Other Costs - - - - - - - - - Bradley Lake Operating Total - - - - - - - - - FERC 540 - Rents Total - - - - - - - - AEA - FERC 541 - Maintenance Supervision & Engineering Maint Supervision/Eng Bradley Lake Operating Labor & Benefits 114,456 84,904 29,552 114,456 111,150 3,306 114,758 271,869 157,111 Indirect Costs 155,698 121,096 34,602 155,698 126,172 29,526 155,698 - (155,698) Administrative Costs (9,493) - Bradley Lake Operating Total 270,154 206,000 64,154 270,154 227,829 42,325 270,456 271,869 1,412 FERC 541 - Maintenance Supervision & Engineering Total 270,154 206,000 64,154 270,154 227,829 42,325 270,456 271,869 HEA 1,412 Page 7 of 22 FY20 FY21 FY22 FY23 FY20 Amended Budget Actual (Over) Under Budget to date FY21 Actual (Over) Under Budget to date FY22 Amended Budget FY23 Draft Budget Increase (Decrease) From PY FERC 542 - Maintenance of Structures Maintenance of Structures Bradley Lake Operating Labor & Benefits 76,499 62,612 13,887 77,639 86,305 (8,666) 77,639 192,060 114,421 Indirect Costs 97,823 91,244 6,579 105,421 95,689 9,732 105,421 - (105,421) Contractual 91,000 3,682 87,318 59,000 12,010 46,990 89,000 56,000 (33,000) Supplies & Materials 88,713 39,489 49,224 100,713 85,859 14,854 243,713 94,000 (149,713) Equipment, Furniture and Machinery 32,000 22,552 9,448 52,000 12,365 39,635 23,000 19,000 (4,000) Maintenance Projects - - - - - - - - - Administrative Costs (11,689) - Bradley Lake Operating Total 386,035 219,579 166,456 394,773 280,540 114,233 538,773 361,060 (177,713) BRADLEY UPGRADE CREWS QUARTERS/RESIDENCE KITCHEN Contractual - - - - - - - - - BRADLEY UPGRADE CREWS QUARTERS/RESIDENCE KITCHEN - - - - - - - - - FERC 542 - Maintenance of Structures Total 386,035 219,579 166,456 394,773 280,539 114,234 538,773 361,060 HEA (177,713) FERC 543 - Maintenance of Reservoirs, Dams & Waterways Maint Res, Dams, WWays Bradley Lake Operating Labor & Benefits 45,080 1,335 43,745 40,744 1,035 39,709 40,744 110,433 69,689 Indirect Costs 56,322 1,693 54,629 56,689 336 56,353 56,689 - (56,689) Travel 5,000 5,000 5,000 1,000 (4,000) Contractual 6,500 - 6,500 6,500 - 6,500 6,500 22,500 16,000 Supplies & Materials 15,000 15,000 15,000 20,000 5,000 Administrative Costs (55) 55 Bradley Lake Operating Total 107,902 3,028 104,874 123,933 1,316 122,617 123,933 153,933 30,000 BRADLEY NUKA REPAIR Contractual - - - - - - - - - Supplies & Materials - - - - - - - - - Equipment, Furniture and Machinery - - - - - - - - - BRADLEY NUKA REPAIR Total - - - - - - - - - BRADLEY POWER TUNNEL MAINT (Dam) Contractual 15,000 - 15,000 15,000 - 15,000 15,000 - (15,000) BRADLEY POWER TUNNEL MAINT (Dam) Total 15,000 - 15,000 15,000 - 15,000 15,000 - (15,000) FERC 543 - Maintenance of Reservoirs, Dams & Waterways Total 122,902 3,028 119,874 138,933 1,316 137,617 138,933 153,933 HEA 15,000 Page 8 of 22 FY20 FY21 FY22 FY23 FY20 Amended Budget Actual (Over) Under Budget to date FY21 Actual (Over) Under Budget to date FY22 Amended Budget FY23 Draft Budget Increase (Decrease) From PY FERC 544 - Maintenance of Electric Plant Maintenance of Elec Plant Bradley Lake Operating Labor & Benefits 273,620 249,706 23,914 309,110 360,790 (51,680) 309,110 732,288 423,178 Indirect Costs 368,424 362,402 6,022 423,178 393,039 30,139 423,178 - (423,178) Travel 4,500 - 4,500 4,500 - 4,500 4,500 4,500 - Contractual 49,000 19,661 29,339 86,000 18,741 67,259 49,000 58,000 9,000 Supplies & Materials 70,000 66,370 3,630 38,000 26,776 11,224 30,000 43,000 13,000 Maintenance Projects - - - - - - - - - Administrative Costs (31,974) - Bradley Lake Operating Total 765,544 698,139 67,405 860,788 767,372 93,416 815,788 837,788 22,000 BRADLEY HIGH BAY LIGHTS Supplies & Materials - - - - - - - - - BRADLEY HIGH BAY LIGHTS Total - - - - - - - - - FERC 544 - Maintenance of Electric Plant Total 765,544 698,139 67,405 860,788 767,372 93,416 815,788 837,788 HEA 22,000 FERC 545 - Maintenance of Misc. Hydraulic Plant Maint of Misc Hydr Plant Bradley Lake Operating Labor & Benefits 69,395 62,843 6,552 69,297 81,232 (11,935) 69,297 168,254 98,957 Indirect Costs 92,318 91,280 1,038 98,957 90,555 8,402 98,957 - (98,957) Contractual 3,900 6,763 (2,863) 3,900 2,447 1,453 3,900 3,900 - Supplies & Materials 63,000 93,510 (30,510) 58,000 70,481 (12,481) 34,000 29,000 (5,000) Maintenance Projects - 314 (314) - - - - - Equipment, Furniture and Machinery 5,000 Administrative Costs (9,789) 9,789 - Bradley Lake Operating Total 228,613 254,710 (26,097) 230,154 234,926 (4,772) 206,154 206,154 - BRADLEY FISH WATER DSGN/MIDDLE FORK SHACK IMPR Contractual - - - - - - - - - Supplies & Materials - - - - - - - - - BRADLEY FISH WATER DSGN/MIDDLE FORK SHACK IMPR Total - - - - - - - - - FERC 545 - Maintenance of Misc. Hydraulic Plant Total 228,613 254,710 (26,097) 230,154 234,926 (4,772) 206,154 206,154 HEA - Page 9 of 22 FY20 FY21 FY22 FY23 FY20 Amended Budget Actual (Over) Under Budget to date FY21 Actual (Over) Under Budget to date FY22 Amended Budget FY23 Draft Budget Increase (Decrease) From PY FERC 556 - System Control & Load Dispatching System Cntl & Load Disp Bradley Lake Operating Labor & Benefits 21,140 37,092 (15,952) 21,140 16,879 4,261 19,708 20,174 466 Contractual 53,000 57,365 (4,365) 53,000 5,010 47,990 53,000 85,500 32,500 Supplies & Materials 6,000 3,204 2,796 6,000 3,040 2,960 6,000 12,000 6,000 Equipment, Furniture and Machinery - - - - - - - - - Administrative Costs (997) 997 - - - Bradley Lake Operating Total 80,140 97,661 (17,521) 80,140 23,932 56,208 78,708 117,674 HEA 38,966 BRADLEY EMERSON ANTIVIRUS UPGRADE Contractual - - - - - - - - HEA - BRADLEY EMERSON ANTIVIRUS UPGRADE Total - - - - - - - - - Snow Measurement Bradley Lake Operating Contractual 10,000 10,000 - 10,000 10,000 - 10,000 10,000 AEA - Administrative Costs (400) 400 - Bradley Lake Operating Total 10,000 10,000 - 10,000 9,600 400 10,000 10,000 - Seismic Service Bradley Lake Operating Contractual 62,000 56,310 5,690 62,000 59,801 2,199 62,000 62,000 AEA - Administrative Costs (2,392) 2,392 - Bradley Lake Operating Total 62,000 56,310 5,690 62,000 57,409 4,591 62,000 62,000 - Streamguaging Serv Bradley Lake Operating Contractual 209,917 189,917 20,000 183,615 193,615 (10,000) 218,000 218,000 AEA - Administrative Costs (7,745) 7,745 - Bradley Lake Operating Total 209,917 189,917 20,000 183,615 185,870 (2,255) 218,000 218,000 - Permits Bradley Lake Operating Other Costs 350 758 (408) 350 1,550 (1,200) 350 350 AEA - Administrative Costs - (62) 62 - Bradley Lake Operating Total 350 758 (408) 350 1,488 (1,138) 350 350 - FERC 556 - System Control & Load Dispatching Total 362,407 354,646 7,761 336,105 278,300 57,805 369,058 408,024 38,966 Page 10 of 22 FY20 FY21 FY22 FY23 FY20 Amended Budget Actual (Over) Under Budget to date FY21 Actual (Over) Under Budget to date FY22 Amended Budget FY23 Draft Budget Increase (Decrease) From PY FERC 562 - Station Expenses Station Expenses SVC/Substation Maintenance Contract Labor & Benefits 59,774 72,086 (12,312) 55,712 29,810 25,902 62,388 64,043 CEA 1,655 Travel 4,000 2,596 1,404 4,500 53 4,447 3,500 3,500 CEA - Contractual 2,000 51,167 (49,167) 1,800 - 1,800 2,000 1,800 CEA (200) Contractual 3,024 (3,024) AEA - Supplies & Materials 12,000 613 11,387 10,000 209 9,791 10,000 9,600 CEA (400) Other Costs 2,000 - 2,000 - - - 1,500 1,500 CEA - Other Costs - - - - - - 30,000 - HEA (30,000) Equipment, Furniture and Machinery - - - - - - - - CEA - Maintenance Projects - - - - - - - - CEA - Labor & Benefits 212 AEA - Labor & Benefits 27,298 - 27,298 27,298 19,707 7,591 71,759 34,375 HEA (37,384) Contractual - - - - 51,729 (51,729) 59,600 86,160 HEA 26,560 Supplies & Materials 10,000 - 10,000 34,000 515 33,485 5,000 35,000 HEA 30,000 Equipment, Furniture and Machinery - - - 13,000 - 13,000 - - HEA - Administrative Costs (4,210) 4,210 SVC/Substation Maintenance Contract Total 117,072 126,462 (9,390) 146,309 101,049 45,260 245,747 235,978 (9,769) FERC 562 - Station Expenses Total 117,072 126,462 (9,390) 146,310 101,048 45,262 245,747 235,978 (9,769) FERC 563 - Weather Monitoring Power Sup Bradley Lake Operating Contractual - 5,244 (5,244) - - AEA - Bradley Lake Operating Total - 5,244 (5,244) - - FERC 571 - Maintenance of Overhead Lines Maint of OH Lines Bradley Lake Operating Labor & Benefits 27,459 2,507 24,952 27,459 1,577 25,882 27,963 39,954 11,991 Travel 10,000 4,530 5,470 - - - - - - Contractual 50,000 66,884 (16,884) 100,000 99,378 622 100,000 150,000 50,000 Supplies & Materials 5,000 - 5,000 5,000 - 5,000 5,000 5,000 - Equipment, Furniture and Machinery - 103 (103) - - - - - - Administrative Costs (4,038) 4,038 - - - Bradley Lake Operating Total 92,459 74,024 18,435 132,459 96,917 35,542 132,963 194,954 HEA 61,991 FERC 571 - Maintenance of Overhead Lines Total 92,459 74,024 18,435 132,459 96,916 35,543 132,963 194,954 61,991 Page 11 of 22 FY20 FY21 FY22 FY23 FY20 Amended Budget Actual (Over) Under Budget to date FY21 Actual (Over) Under Budget to date FY22 Amended Budget FY23 Draft Budget Increase (Decrease) From PY FERC 920 & 930 - Administrative Expense AEA Bradley Admin Fees Bradley Lake Operating Administrative Costs 200,000 200,000 - 201,000 262,854 (61,854) 274,000 277,000 3,000 Administrative Costs 2,500 3,095 2,500 2,500 - Travel 3,500 1,029 - - - Bradley Lake Operating Total 200,000 200,000 - 207,000 266,978 (59,978) 276,500 279,500 AEA 3,000 Operating Committee Exp-Audit Bradley Lake Operating Administrative Costs 19,900 20,298 (398) 19,900 21,120 (1,220) 19,900 19,900 AEA - Bradley Lake Operating Total 19,900 20,298 (398) 19,900 21,120 (1,220) 19,900 19,900 - Operating Committee Exp-Legal Bradley Lake Operating Administrative Costs 30,000 215,162 (185,162) 70,000 60,098 9,902 70,000 70,000 AEA - Bradley Lake Operating Total 30,000 215,162 (185,162) 70,000 60,098 9,902 70,000 70,000 - Operat Committee Exp-Arbitrage Bradley Lake Operating Administrative Costs 3,000 2,685 315 5,000 2,818 2,182 5,000 5,000 AEA - Bradley Lake Operating Total 3,000 2,685 315 5,000 2,818 2,182 5,000 5,000 - Trust & Account Fees Bradley Lake Operating Administrative Costs 11,918 12,118 (200) 13,000 11,441 1,559 13,000 13,000 AEA - Bradley Lake Operating Total 11,918 12,118 (200) 13,000 11,441 1,559 13,000 13,000 - Misc Admin Bradley Lake Operating Administrative Costs 11,646 12,000 (354) 18,900 18,202 698 12,000 12,000 AEA - Bradley Lake Operating Total 11,646 12,000 (354) 18,900 18,202 698 12,000 12,000 - FERC 920 & 930 - Administrative Expense Total 276,464 462,263 (185,799) 333,800 380,657 (46,857) 396,400 399,400 3,000 Page 12 of 22 FY20 FY21 FY22 FY23 FY20 Amended Budget Actual (Over) Under Budget to date FY21 Actual (Over) Under Budget to date FY22 Amended Budget FY23 Draft Budget Increase (Decrease) From PY FERC 924 & 925 - Insurance Premiums Insurance Premiums Bradley Lake Operating Administrative Costs 575,000 613,782 (38,782) 692,019 656,351 35,668 1,366,444 650,000 AEA (716,444) Administrative Costs 56,000 39,347 16,653 56,000 23,724 32,276 16,000 31,326 HEA 15,326 Bradley Lake Operating Total 631,000 653,129 (22,129) 748,019 680,075 67,944 1,382,444 681,326 (701,118) Risk Management Bradley Lake Operating Administrative Costs - - - - - - 25,000 - CEA (25,000) - - Bradley Lake Operating Total - - - - - - 25,000 - (25,000) FERC 924 & 925 - Insurance Premiums Total 631,000 653,129 (22,129) 748,019 680,075 67,944 1,407,444 681,326 (726,118) FERC 928 - Regulatory Commission Expenses FERC Admin Fees Administrative Costs 185,000 169,976 15,024 175,000 156,071 18,929 150,000 150,000 AEA - Administrative Costs (6,567) 6,567 - Bradley Lake Operating Total 185,000 169,976 15,024 175,000 149,504 25,496 150,000 150,000 - FERC Related Prof Services FERC Part 12 Inspection Administrative Costs - - - 75,000 42,396 32,604 25,000 25,000 AEA - Contractual Engineer-FERC license issues Administrative Costs 100,000 88,256 11,744 110,000 121,783 (11,783) 180,000 180,000 AEA - Bradley Lake Operating Total 100,000 88,256 11,744 185,000 164,179 20,821 205,000 205,000 - FERC 928 - Regulatory Commission Expenses Total 285,000 258,232 26,768 360,000 313,682 46,318 355,000 355,000 - Total Bradley Lake Budget 5,351,042 4,773,126 577,915 5,628,702 4,911,504 717,198 6,494,352 5,675,360 (818,992) Page 13 of 22 ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT Monthly Utility Contributions Schedule C FY2019 FY2020 FY2021 FY2022 FY2023 FY2022 to Percent Amended Amended Amended Amended Draft FY2023 Power Purchaser Share Budget Budget Budget Budget Budget Change Chugach Electric (combined w ML&P) 56.3%10,701,072 11,026,056 9,235,126 4,487,608 6,036,809 1,549,201 Homer Electric 12.0%2,280,864 2,350,140 1,968,409 956,505 1,286,708 330,203 Matanuska Electric 13.8%2,622,996 2,702,664 2,263,673 1,099,983 1,479,716 379,733 Golden Valley Electric 16.9%3,212,220 3,309,780 2,772,178 1,347,079 1,812,115 465,036 City of Seward 1.0%190,068 195,840 164,035 79,709 107,226 27,517 Rounding (1) 5 - 100.0%19,007,219 19,584,485 16,403,421 7,970,884 10,722,574 2,751,690 Percent FY2019 FY2020 FY2021 FY2022 Power Purchaser Share Monthly Monthly Monthly Amended Budget Chugach Electric (combined w ML&P) 56.3%891,756 918,838 900,902 73,459 503,067 429,608 Homer Electric 12.0%190,072 195,845 192,021 15,657 107,226 91,568 Matanuska Electric 13.8%218,583 225,222 220,826 18,006 123,310 105,304 Golden Valley Electric 16.9%267,685 275,815 270,431 22,051 151,010 128,959 City of Seward 1.0%15,839 16,320 16,002 1,305 8,936 7,631 100.0%1,583,935 1,632,040 1,600,181 130,478 893,548 763,070 Page 14 of 22 ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT R&C Fund Disbursements and Repayments Schedule D PROJECTED PROJECTED PROJECTED PROJECTED PROJECTED PROJECTED TO REPAY TO REPAY TO REPAY Description Disburse at 06/30/21 Disburse at 06/30/22 Disburse at 06/30/23 R&C FUND PROJECTS Governor 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 Replace Runners 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 Replace power system stabilizer 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 Culvert Repairs 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 Replace Plant and SCADA Controls 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 Battle Creek Feasibility 0.00 0.00 0.00 0.00 0.00 0.00 Fire Alarm System Replacement 150,000.00 191,179.09 150,000.00 341,179.09 1,500,000.00 1,841,179.09 Battle Creek Diversion 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 Fishwater Screen Debris Removal 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 Spillway Raise 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 Equipment Storage Shed 0.00 510,550.13 0.00 510,550.13 0.00 510,550.13 Emerson Operating System Upgrade 0.00 622,665.00 0.00 622,665.00 0.00 622,665.00 Generator #2 Relacement 0.00 953,212.71 0.00 953,212.71 0.00 953,212.71 Road Grader 370,000.00 370,000.00 0.00 370,000.00 0.00 370,000.00 Battle Creek Construction 3,666,000.00 3,666,000.00 0.00 3,666,000.00 0.00 3,666,000.00 Battle Creek Cash Call 750,000.00 750,000.00 0.00 750,000.00 0.00 750,000.00 Repayment through Cash Call (750,000.00) (750,000.00) 0.00 (750,000.00) 0.00 (750,000.00) Needle Rapairs 1,500,000.00 1,500,000.00 0.00 1,500,000.00 0.00 1,500,000.00 Construct additional residence 0.00 980,000.00 980,000.00 0.00 980,000.00 Spillway Raise & Expansion Project 800,000.00 800,000.00 1,500,000.00 2,300,000.00 5,686,000.00 32,706,557.99 1,930,000.00 34,636,557.99 3,000,000.00 37,636,557.99 Current Year R&C Repayment (2,288,753.22) (2,435,901.73) (2,757,012.53) Adjust bal to $5 mill (won't be corrected until year end) 0.00 0.00 0.00 Less Interest in Fund Applied to Repayment (269,486.35) 0.00 0.00 Net Transfer from Revenue Fund (2,558,239.57) (2,435,901.73) (2,757,012.53) Cumulative Prior Years R&C Repayments (25,518,390.50) (28,076,630.07) (30,512,531.80) Due back to Utilities 0.00 0.00 0.00 R&C Cumulative Interest (Retained) Applied As Part of Repayment 0.00 0.00 0.00 Net R&C Repayments (25,518,390.50) (28,076,630.07) (30,512,531.80) NET DUE TO R&C FUND 4,629,927.92 4,124,026.19 4,367,013.65 R&C FUND CASH FLOW PROJECTION Beginning Investment Balance 3,922,231.19 370,072.08 875,973.82 Disbursements-current year (5,686,000.00) (1,930,000.00) (3,000,000.00) Disbursements-prior year accrued (406,104.23) 0.00 0.00 R&C Repayment to utilities (18,294.45) 0.00 0.00 Net other cash inflow(outflow) 0.00 0.00 0.00 Current year interest earnings 269,486.35 0.00 0.00 Current year Participants Contributions to R&C 2,288,753.22 2,435,901.73 2,757,012.53 Ending Investment Balance 370,072.08 875,973.82 632,986.35 Accrued R&C Payable at year end-Due to Utilities 0.00 0.00 0.00 Accrued R&C vendor Payable at year end 0.00 0.00 0.00 PROJECTED NET DUE + ENDING INVESTMENT BALANCE 5,000,000.00 5,000,000.00 5,000,000.00 REPAYMENT AMOUNT $412,050.13 x 25% all 4 years 2nd yr 103,012.53 3rd yr 103,012.53 4th yr 103,012.53 $5,686,000 x 25% all 4 years 1st yr 1,421,500.00 2nd yr 1,421,500.00 3rd yr 1,421,500.00 $1,930,000 x 25% all 4 years 1st yr 482,500.00 2nd yr 482,500.00 1st yr 750,000.00 2,288,753.22 2,435,901.73 2,757,012.53 Page 15 of 22 ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT Battle Creek Capital Purchases (not funded by R&C Fund) Schedule E FY20 FY21 FY22 FY23 Amended Draft Actuals Actuals Budget Budget Battle Creek Diversion 822,327 7,913 - Battle Creek Associated Costs 15,000 15,000 Vent Enlargment 50,000 50,000 Pressure Sensor w SCADA 25,000 25,000 Power feed to LBC Bridge 25,000 - Total Non R&C Capital Purchases 822,327 7,913 115,000 90,000 Capital Construction Project Description Page 16 of 22 ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT Battle Creek Operations & Maintenance Budget Schedule F HEA 268,524 332,875 (64,351) - - - - - - CEA - - - - - - - - - AEA 126,900 247,731 (120,831) - - - 208,900 180,900 (28,000) BL - - - - - - 190,710 245,753 55,044 395,424 580,606 (185,182) - - - 399,610 426,653 27,044 - - - (547,714) - (547,714) - FY22 FY23 FY20 Amended Budget Actual (Over) Under Budget FY21 Amended Budget Actual (Over) Under Budget FY22 Amended Budget FY23 Draft Budget Increase (Decrease) from PY Summary by cost type - - Administrative Costs 395,424 580,606 (185,182) 255,469 - 255,469 82,900 54,900 (28,000) Battle Creek O&M - Bradley Allocation - - - 181,245 - 181,245 190,710 245,753 55,044 Battle Creek O&M - - 111,000 - 111,000 126,000 126,000 - 395,424 580,606 (185,182) 547,714 - 547,714 399,610 426,653 27,044 Bradley Lake O&M 4% charge to Battle Creek - Battle Creek O&M - - - 181,245 181,245 - 190,710 245,753 BL 55,044 FERC 537 - Hydraulic Expenses Hydraulic Expenses Battle Creek Operating Labor & Benefits - - - - - - - - - Indirect Costs - - - - - - - - - Travel - - - - - - - - - Training - - - - - - - - - Contractual - - - 66,000 37,481 28,519 81,000 81,000 AEA - Supplies & Materials - - - - - - - Equipment, Furniture and Machinery - - - - - - - - - Bradley Lake Operating Total - - - 66,000 37,481 28,519 81,000 81,000 - FERC 537 - Hydraulic Expenses Total - - - 66,000 37,481 28,519 81,000 81,000 - - - FERC 556 - System Control & Load Dispatching Streamgaging Expenses Battle Creek Operating Labor & Benefits - - - - - - - - - Indirect Costs - - - - - - - - - Travel - - - - - - - - - Training - - - - - - - - - Contractual - - - 45,000 33,750 11,250 45,000 45,000 AEA - Supplies & Materials - - - - - - - - - Equipment, Furniture and Machinery - - - - - - - - - - - Bradley Lake Operating Total - - - 45,000 33,750 11,250 45,000 45,000 - FERC 556 - System Control & Load Dispatching Total - - - 45,000 33,750 11,250 45,000 45,000 - FY20 FY21 Page 17 of 22 FY22 FY23 FY20 Amended Budget Actual (Over) Under Budget FY21 Amended Budget Actual (Over) Under Budget FY22 Amended Budget FY23 Draft Budget Increase (Decrease) from PY FY20 FY21 - - FERC 920 & 930 - Administrative Expense Battle Creek Admin Fees Administrative Costs 12,274 12,274 0 11,419 11,419 - - - HEA - Administrative Costs 105,000 105,051 (51) 122,000 123,295 (1,295) 71,000 43,000 AEA (28,000) Battle Creek Admin Fees Total 117,274 117,325 (51) 133,419 134,714 (1,295) 71,000 43,000 (28,000) Operating Committee Exp-Owners Representative Administrative Costs 256,250 320,601 (64,351) 81,150 57,963 23,187 - - HEA - Operating Committee Exp-Owners Representative Total 256,250 320,601 (64,351) 81,150 57,963 23,187 - - - Operating Committee Exp-Legal Administrative Costs 15,000 135,880 (120,880) 30,000 19,844 10,156 5,000 5,000 AEA - Operating Committee Exp-Legal Total 15,000 135,880 (120,880) 30,000 19,844 10,156 5,000 5,000 - - Operat Committee Exp-Arbitrage - Administrative Costs 2,000 1,690 310 2,000 1,807 193 2,000 2,000 AEA - Operat Committee Exp-Arbitrage Total 2,000 1,690 310 2,000 1,807 193 2,000 2,000 - Trust & Account Fees Administrative Costs 4,800 5,000 (200) 8,800 8,077 723 4,800 4,800 AEA - Trust & Account Fees Total 4,800 5,000 (200) 8,800 8,077 723 4,800 4,800 - Operating Committee Exp-Other Administrative Costs 100 110 (10) 100 819 (719) 100 100 AEA - Operating Committee Exp-Other Total 100 110 (10) 100 819 (719) 100 100 - - - - FERC 920 & 930 - Administrative Expense Total 395,424 580,606 (185,182) 255,469 223,224 32,245 82,900 54,900 (28,000) Total Bradley Lake Budget 395,424 580,606 (185,182) 547,714 475,700 32,245 399,610 426,653 27,044 Page 18 of 22 ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT Battle Creek Monthly Participating Purchaser Contributions Schedule G FY2019 FY2020 FY2021 FY2022 FY2023 FY2022 to Percent Amended Amended Amended Amended Draft FY2023 POWER PURCHASER Share Budget Budget Budget Budget Budget Change Chugach Electric Association 39.38%519,711 1,008,930 2,367,938 1,403,682 1,410,122 (964,256) Homer Electric Association 41.44%546,898 1,061,708 2,491,807 1,477,109 1,483,887 (1,014,698) Matanuska Electric Association 17.88%235,968 458,092 1,075,133 637,324 640,248 (437,809) City of Seward 1.30%17,157 33,306 78,169 46,338 46,550 (31,831) Rounding - 100.00%1,319,734 2,562,036 6,013,047 3,564,453 3,580,807 (2,448,594) FY2021 FY2022 FY2023 FY2022 to Percent FY2019 FY2020 Amended Amended Draft FY2023 POWER PURCHASER Share Monthly Monthly Budget Budget Budget Change Chugach Electric Association 39.38%43,309 86,867 220,385 116,974 117,510 (103,412) Homer Electric Association 41.44%45,575 91,411 231,913 123,092 123,657 (108,821) Matanuska Electric Association 17.88%19,664 39,441 100,063 53,110 53,354 (46,953) City of Seward 1.30%1,430 2,868 7,275 3,862 3,879 (3,414) - 100.0%109,978 220,587 559,636 297,038 298,401 (262,598) Page 19 of 22 ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT SSQ Line Capital Purchases (not funded by R&C Fund) Schedule H FY20 FY21 FY22 FY23 Amended Draft Actuals Actuals Budget Budget SQ Line Access Documentation 150,000 - - SQ Line Acquisition Costs 40,000 - - SQ Soldotna-Qtz Ck 230kV Construction 750,000 - Total Non R&C Capital Purchases - 190,000 750,000 - Capital Project Description Page 20 of 22 ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT SSQ Line Operations and Maintenance Budget Schedule I HEA 150,000 300,523 231,999 (68,524) CEA - - - - AEA 20,000 144,000 105,000 (39,000) 170,000 444,523 336,999 (107,524) - - FY21 FY22 FY23 FY21 Amended Budget FY22 Amended Budget FY23 Draft Budget Increase (Decrease) From PY Summary by cost type Labor & Benefits 32,500 85,820 56,999 (28,821) Indirect Costs - - - - Travel - - - - Training - - - - Contractual 110,000 250,000 200,000 (50,000) Supplies & Materials 7,500 56,992 25,000 (31,992) Other Costs - 7,711 - (7,711) Equipment, Furniture and Machinery - - - - Maintenance Projects - - - - Administrative Costs 20,000 44,000 55,000 11,000 170,000 444,523 336,999 (107,524) FERC 571 - Maintenance of Overhead Lines Maint of OH Lines SQ Line Labor & Benefits 32,500 85,820 56,999 HEA (28,821) Travel - - - - Contractual 110,000 150,000 150,000 HEA - Contractual - 100,000 50,000 AEA (50,000) Supplies & Materials 7,500 56,992 25,000 HEA (31,992) Other Costs - 7,711 - HEA (7,711) SQ Line Total 150,000 400,523 281,999 (118,524) FERC 571 - Maintenance of Overhead Lines Total 150,000 400,523 281,999 (118,524) FERC 920 & 930 - Administrative Expense AEA Bradley Admin Fees Bradley Lake Operating Administrative Costs 20,000 42,000 53,000 AEA 11,000 Bradley Lake Operating Total 20,000 42,000 53,000 11,000 SSQ Line Trust & Account Fees SQ Line Administrative Costs - 2,000 2,000 AEA - SQ Line Total - 2,000 2,000 - - FERC 920 & 930 - Administrative Expense Total 20,000 44,000 55,000 11,000 Total Bradley Lake Budget 170,000 444,523 336,999 (107,524) Page 21 of 22 ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT SSQ Line Monthly Utility Contributions Schedule J FY2021 FY2022 FY2023 FY2022 to Percent Amended Amended Draft FY2023 Power Purchaser Share Budget Budget Budget Change Chugach Electric (combined w ML&P) 56.3%202,680 1,267,038 408,453 (858,585) Homer Electric 12.0%43,200 270,061 87,059 (183,002) Matanuska Electric 13.8%49,680 310,571 100,118 (210,453) Golden Valley Electric 16.9%60,840 380,336 122,608 (257,728) City of Seward 1.0%3,600 22,505 7,255 (15,250) Rounding - 100.0%360,000 2,250,511 725,493 (1,525,018) FY2022 FY2023 FY2022 to Power Purchaser Percent FY2021 Amended Draft FY2023 Share Monthly Budget Budget Change Chugach Electric (combined w ML&P) 56.3%16,890 199,522 34,038 (165,484) Homer Electric 12.0%3,600 42,527 7,255 (35,272) Matanuska Electric 13.8%4,140 48,906 8,343 (40,563) Golden Valley Electric 16.9%5,070 59,892 10,217 (49,675) City of Seward 1.0%300 3,544 605 (2,939) - 100.0%30,000 354,390 60,458 (293,932) Page 22 of 22                                                                                         Infrastructure Investment and Jobs Act ‐ H.R. 3684 ‐ AEA Summary                                                      Section (IIJA)Program Title Technology ProgramDescription/NotesAggregate Federal Funding AppropriationEstimated Funding for AK State of AK Match Requirement Notes on AK Funding Estimate11109 Surface Transportation Block GrantElectric Vehicles - BetsyIn addition to standard eligible infrastructure projects, this section adds the installation of electric vehicle charging infrastructure and vehicle-to-grid infrastructure as eligible projects. Total Federal Appropriation =$273,150,000,00028.74% of base appropriation for Surface Transportation Block ProgramTotal appropriation by FY:FY22: $52,488,065,375FY23: $53,537,826,683FY24: $54,608,583,217FY25: $55,700,754,881FY26: $56,814,769,844 $990,000,000 DOTPF DOTPF may have higher priority eligible infrastructure projects than EVSE. The State is required to allocate a proportion of funds on certain types of projects as well as by population and to prioritize some geographic locations. Projects also need to be included in the STIP.Amount AK will receive was based on 2% more than AK's FY21 apportionment with penalties, and 1% more than previous FY. 28.74% of base appropriation allocated for Surface Transportation Block Program.11401 Grants for Charging and Fueling InfrastructureElectric Vehicles - BetsyAlternative Fuel Corridor RedesignationWithin 180 days of enactment, the Transportation Secretary is required to consult with federal agencies, state and local officials, as well as other entities to redisgnate highway corridors as Alternative Fuel Corridor Ready (corridor with EV DC fast chargers or alternative fueling stations located no more than 50 miles apart) or Corridor Pending (corridor that is targeted to achieve Corridor Ready status, but does not yet meet the criteria). Alternate Fuel Corridor GrantsWithin a year of enactment, a grant program will be established for state, local, and tribal governments, port authorities or metropolitan planning organizations to work with private entities to acquire, install, and operate and maintain alternative fuel infrastructure along FHWA-designated Alternative Fuel Corridors for 5 years. Community Grants50% of program funds will be set-aside annually for competitive grants to expand publically-accessible alternative fuel infrastructure with priority to rural, underserved communities, and multi-unit dwellings. Community grants can also be used for preconstruction work, such as, planning, feasibility analysis, environmental review, revenue forecasting, preliminary design and engineering; and up to 5% can be used for public education and outreach. Community grants are capped at $15M per project. Total: $2,500,000,000FY22: $300,000,000FY23: $400,000,000FY24: $500,000,000FY25: $600,000,000FY26: $700,000,000Competitive application processAdministration's goal is to have 500,000 EV charging stations to meet projected 2030 EV market. Based on population, AK would need 1,097 charging stations to meet that goal.Federal share not to exceed 80% total project costs; Private Entities (subgrantees) required to provide 20% match.No State match requirement. However, AEA estimates a need for $200,000 annually for staff time for planning and preparation of grant applications; procurements; distributing the funds; and managing subgrants/projects.About half of these funds can only be used for purposes of EV charging infrastructure development along designated alternative fuel corridors (AFCs). It is important for the State to get clarification on flexibility of AFC criteria and then decide to nominate the National Highway System highways and ferry/port terminals, and other roads if allowed, as Corridor Pending to make full use of these funds.Alaska currently has one Corridor Pending highway route from Anchorage to Fairbanks and no Corridor Ready routes. 11507 Denali Commission Rural - Tim For an additional amount for "Denali Commission", $75,000,000 to remain available until expended: Provided further, that such amount is designated by the Congress as being for an emergency requirement pursuant to section 4112(a) of H. Con. Res. 71 (115th Congress), the concurrent resolution on the budget for fiscal year 2018 and to section 251(b) of the Balanced Budget and Emergency Control Act of 1985. $75,000,000 $75,000,000 $15,000,000 Updated: 01/28/2022Page 1 of 53/24/2022                                                                                         Infrastructure Investment and Jobs Act ‐ H.R. 3684 ‐ AEA Summary                                                      Section (IIJA)Program Title Technology ProgramDescription/NotesAggregate Federal Funding AppropriationEstimated Funding for AK State of AK Match Requirement Notes on AK Funding Estimate40101 Grid Resilience and ReliabilityTransmission - Kirk$5B to be allocated FY2022 to FY2026, with $2.5B as competitive Federal Grant Program and $2.5B for formula-based State/Tribal Grant Program, for grid resiliency and reliability initiatives. activities, technologies, equipment, and hardening measures to reduce the likelihood and consequences of disruptive events, including: weatherization technologies and equipment; fire-resistant technologies and fire prevention systems; monitoring and control technologies; the undergrounding of electrical equipment; utility pole management; the relocation of power lines or the reconductoring of power lines with low-sag, advanced conductors; vegetation and fuel-load management; the use or construction of distributed energy resources for enhancing system adaptive capacity during disruptive events (including microgrids and battery-storage subcomponents); adaptive protection technologies; advanced modeling technologies; hardening of power lines, facilities, substations, of other systems; and the replacement of old overhead conductors and underground cables.Federal Grant Program - Competitive ProgramGrant program set aside for activities that are supplemental to existing hardening efforts planned for any given year; and reduce the risk of any power lines owned or operated by the eligible entity causing a wildfire; or increase the ability of the eligible entity to reduce the likelihood and consequences of disruptive events. Eligible entities include: electric grid operator; electricity storage operator; electricity generator; transmission owner or operator; distribution provider; fuel supplier; and any other relevant entity. Must submit a report detailing past, current, and future efforts by the eligible entity to reduce the likelihood and consequences of disruptive events. Grant amounts cannot exceed total amount the eligible entity has spent in the previous 3 years on efforts to reduce the likelihood and consequences of disruptive events. Priority will be given to projects that generate the greatest community benefit (whether rural or urban) in reducing the likelihood and consequences of disruptive events. Small utility (<4M MWh annually) set aside of a minimum of 30% of program funds. Small utility (<4M MWh annually) required to match 1⁄3 of the amount of the grant.$2,500,000,00030% minimum set-aside for small utilities (<4M MWh annually) Competitive application process Small utility match = 1/3 Small utility match = 1/3Eligible entities include: electric grid operator; electricity storage operator; electricity generator; transmission owner or operator; distribution provider; fuel supplier. AEA would be eligible as owner of Bradley Lake Hydro Project and transmission lines.At least 30% of program funds will be set aside for small utilities. Grant amounts cannot exceed total amount the eligible entity has spent in the previous 3 years on efforts to reduce the likelihood and consequences of disruptive events. 40101 Grid Resilience and ReliabilityTransmission - Kirk$5B to be allocated, with $2.5B eligible for use by States for FY2022 to FY2026, for grid resiliency and reliability initiatives. activities, technologies, equipment, and hardening measures to reduce the likelihoodand consequences of disruptive events, including: weatherization technologies and equipment; fire-resistant technologies and fire prevention systems; monitoring and control technologies; the undergrounding of electrical equipment; utility pole management; the relocation of power lines or the reconductoring of power lines with low-sag, advanced conductors; vegetation and fuel-load management; the use or construction of distributed energy resources for enhancing system adaptive capacity during disruptive events (including microgrids and battery-storage subcomponents); adaptive protection technologies; advanced modeling technologies; hardening of power lines, facilities, substations, of other systems; and the replacement of old overhead conductors and underground cables.State/Tribal Grant Program - Formula Based50% formula-based set aside for states and tribes to issue grants to eligible entities. Grant funding allocations are based on total population; total area; areas with low ratio of electricity customers to power lines; probability of disruptive events during previous 10 years based on federally declared disasters or emergencies; number and severity of events; amount of funds expended over past 10 years on percapita basis to mitigate or reduce severity or consequences over previous 10 years; among other factors. State/Tribe must submit a plan each FY for disbursing the funds. Small utilitiy set aside (<4M MWh annually) cannot be less than the percentage of all customers in the State/Tribe that are served by those eligible entities. 15% match requirement for State or Tribe. Small utility (<4M MWh annually) required to match 1⁄3 of the amount of the grant.$2,500,000,000 Not estimated 15% state match requirement andSmall utility match = 1/3 State Cost Share = 15%Formula-based grant requiring 15% state match and 1/3 match from small utilities. The State/Tribe must submit a plan with the application. The State/Tribe may use up to 5% for providing technical assistance and administration expenses. Utility contributions to Bradley Lake transmission projects should count as State match funds. 40103 Energy Infrastructure Federal Financial Assistance Program - Program Upgrading Our Electric Grid and Ensuring Reliability and ResiliencyTransmission $5B for FY2022 to FY2026 to create the "Program Upgrading Our Electric Grid and Ensuring Reliability and Resiliency". The purpose of the program being to "to demonstrate innovative approaches to transmission, storage, and distribution infrastructure to harden and enhance resilience and reliability; and to demonstrate new approaches to enhance regional grid resilience, implemented through States by public and rural electric cooperative entities on a cost-shared basis." Competitive application program for Federal Assistance.Eligible entities include: State; combination of 2 or more States; Indian Tribe; unit of local government; and public utility commission.$5,000,000,000 Competitive application process20% match requirement as per 42 U.S. Code § 16352State Cost Share: 20%Updated: 01/28/2022Page 2 of 53/24/2022                                                                                         Infrastructure Investment and Jobs Act ‐ H.R. 3684 ‐ AEA Summary                                                      Section (IIJA)Program Title Technology ProgramDescription/NotesAggregate Federal Funding AppropriationEstimated Funding for AK State of AK Match Requirement Notes on AK Funding Estimate40103 Energy Improvement in Rural or Remote Areas, and Energy Infrastructure Resilience FrameworkRural $1B for FY2022 to FY2026 to supplement the "Program Upgrading Our Electric Grid and Ensuring Reliability and Resiliency" with specific guidance relating to Federal financial assistance for rural and remote areas (city, town, or unincorporated area with less than <10K inhabitants). Such eligible projects include but are not limited to: "overall cost-effectiveness of energy generation, transmission, or distribution systems; siting or upgrading transmission and distribution lines; and reducing greenhouse gas emissions from energy generation by rural or remote areas."$1,000,000,000 Competitive application process20% match requirement as per 42 U.S. Code § 16352State Cost Share = 20%40106 Transmission Facilitation ProgramTransmission - Kirk$50M for FY2022 to FY2026 for the establishment of a "Transmission Facilitation Fund" by which the DOE shall facilitate the construction of electric power transmission lines and related facilities. In addition to the 5 year $10M appropriation, the program will also establish a $2.5B revolving loan fund that allows DOE to serve as an “anchor tenant” for a new transmission line or an upgrade of an existing line. DL: eligible transmission lines required to have capacity of 1GW if new. Upgrades to existing lines or new lines in existing corridors must have 500MW capacity. These minimums are much greater than currently contemplated transmission line upgrades in Alaska. The only exceptions are an HVDC line from the North Slope to the Railbelt or a connection to Canada. This should be confirmed with the Railbelt utilities.$50,000,000 Competitive application process100% matchLoan program (100% match) ‐ subject to some potential loan forgiveness clauses.40109 State Energy ProgramAEEE - Taylor Allocates $500M, distributed in accordance with the applicable distribution formula in effect for 01/01/2021. Funds are to be made available for, but not limited to, "[...] the electrification of, State government vehicles, fleet vehicles, taxis and ridesharing services, mass transit, school buses, ferries, and privately owned passenger and medium- and heavy-duty- vehicles." SEP funding for AK for FY2021 was $445,730 of a total $56M, or 0.79%. At $100M per annum, it is estimated AK will receive $795,946/yr ($3.98M total).$500,000,000 $3,979,732 None required Changes some of the regulation of the SEP for this bill and going forward: ‘‘(7) the mandatory conduct of activities to support transmissionand distribution planning, including—‘‘(A) support for local governments and Indian Tribes;‘‘(B) feasibility studies for transmission line routes andalternatives;‘‘(C) preparation of necessary project design and permits;and‘‘(D) outreach to affected stakeholders.’’40331 Hydroelectric Production incentivesHydro - Bryan $125M for FY2022 to remain available until expended for DOE to make incentive payments for electric energy generated and sold by a qualified hydroelectric facility during the incentive period. "Payments made by the Secretary under this section to the owner or operator of a qualified hydroelectric facility shall be based on the number of kilowatt hours of hydroelectric energy generated by the facility during the incentive period. For any such facility, the amount of such payment shall be 1.8 cents per kilowatt hour (adjusted as provided in paragraph (2) [for inflation]), subject to the availability of appropriations under subsection (g), except that no facility may receive more than $1,000,000 in 1 calendar year."$125,000,000 Competitive application processIncentive payments capped at $1M per year for 10 years, or $10M total for a single qualifying facility.Incentive program based on energy generation; cost share is 100% with incentive acting only as a discount towards hydro facility O&M costs.40332 Hydroelectric Efficiency improvement incentivesHydro - Bryan $75M for FY2022 to remain available until expended for DOE to make incentive payments to the owners or operators of hydroelectric facilities at existing dams to be used to make capital improvements in the facilities that are directly related to improving the efficiency of such facilities by at least 3 percent. Incentive payments under this section shall not exceed 30 percent of the costs of the capital improvement concerned and not more than 1 payment may be made with respect to improvements at a single facility. No payment in excess of $5,000,000 may be made with respect to improvements at a single facility.$75,000,000 Competitive application processIncentive payment capped at 30% of capital cost of improvement(s), not to exceed $5M. As pursuant to 42 U.S. Code § 15882State Cost Share is total capital cost of improvement(s). Incentive payment can be construed as a percentage discount to overall project cost. Incentive payment increases with capital cost, capped at 30%, not to exceed $5M. Utility contributions to Bradley should count as state match funds.40333 Maintaining and Enhancing Hydroelectricity IncentivesHydro - Bryan $553.6M for FY2022 to remain available until expended for DOE to make payments to the owners or operators of qualified hydroelectric facilities at existing dams to be used to make improvements related to dam safety, grid resiliency, and environmental improvements. Incentive payments under this section shall not exceed 30 percent of the costs of the capital improvement concerned and not more than 1 payment may be made with respect to improvements at a single facility. No payment in excess of $5,000,000 may be made with respect to improvements at a single facility.$553,600,000 Competitive application processIncentive payment capped at 30% of capital cost of improvement(s), not to exceed $5M. Incentive payment increases with capital cost, capped at 30%, not to exceed $5M. Utility contributions to Bradley should count as state match funds.Updated: 01/28/2022Page 3 of 53/24/2022                                                                                         Infrastructure Investment and Jobs Act ‐ H.R. 3684 ‐ AEA Summary                                                      Section (IIJA)Program Title Technology ProgramDescription/NotesAggregate Federal Funding AppropriationEstimated Funding for AK State of AK Match Requirement Notes on AK Funding Estimate40334 Pumped Storage Hydropower Wind and Solar Integration and System Reliability InitiativeAEEE - Audrey $10M for FY2022 to FY2026 for purposes of no later than 09/30/2023 the DOE "enter[ing] into an agreement with an eligible to provide financial assistance to the eligible entity to carry out project design, transmission studies, power market assessments, and permitting for a pumped storage hydropower project to facilitate the long duration storage of intermittent renewable electricity." Eligibility for assistance is subject to a potential project being "(i) designed to provide not less than 1,000MW of storage capacity; (ii) be able to provide energy and capacity of use in more than 1 organized electricity market; (iii) be able to store electricity generated by intermittent renewable electricity projects located on Tribal land; and (iv) have received a preliminary permit from FERC."$10,000,000 Competitive application process100% match State Cost Share = 100%40502 Energy Efficiency Revolving Loan Fund Grant ProgramEnergy Efficiency - Taylor$250M to be allocated for FY2022, available until expended. Maximum of $15M in grant funds to be allocated to each State to establish OR utilize an existing revolving loan fund for purposes of conducting commercial and residential energy audits and commercial and residential energy upgrades and retrofits. Additional funding may be available for those priority states which "are among the 15 States with the highest annual per-capita combined residential and commercial sector energy consumption, per the EIA; or the 15 States with the highest annual per-capita energy-related carbon dioxide emissions by State, per the EIA". While State matching funds are not required, the leveraging of private capital via the grant funds is highly encouraged.$250,000,000 $795,946 None required This program flows through SEP and will be subject to the same reporting requirements/platform. AHFC may be interested, still awaiting answer as of 01/28/2022. AEA/AIDEA would need to administer a Commercial Loan/Grant program.40503 Energy Auditor Training Grant ProgramEnergy Efficiency - Taylor$40M to be allocated for FY2022 to FY 2026. Grant allocation to States is subject to formula calculation based on population and shall not exceed $2M. Grants to be made available to States to "train individuals to conduct energy audits or surveys of commercial and residential buildings."$40,000,000 $2,000,000 None required $2M is maximum amount per State.This program flows through SEP and will be subject to the same reporting requirements/platform. AHFC may be interested, answer expected week of 11/2240552 Energy Efficiency and Conservation Block Grant ProgramEnergy Efficiency - Taylor$550M to be allocated for FY2022, until expended. Funding amount calculated per formula. Adding "programs for financing energy efficiency, renewable energy, and zero-emission transportation (and associated infrastructure), capital investments, projects, and programs, which may include loan programs and performance contracting programs, for leveraging of additional public and private sector funds, and programs that allow rebates, grants, or other incentives for the purchase and installation of energy efficiency, renewable energy, and zero-emission transportation (and associated infrastructure) measures" to EECBG program.$550,000,000 $1,925,000 None required NASEO reports 68% going to the 10 largest city or boroughs in the state direct from DOE. 28% to smaller cities, to be run through AEA. 2% to tribes (last time that was direct from DOE, and 2% for competitive projects.41007 Renewable Energy ProjectsAEEE - Audrey This section plans to administer funding for RE projects through DOE, EERE and other federal agencies. Similar to other DOE RE programs, the match requirement and state applicant eligibility is defined on a case by case basis, depending on the agency that the funds are administered through. More information should become available on these programs as the adminstration plan is revealed by DOE. The Funding Opportunity Working Group will continue to monitor the relevant offices for funding announcements. Funding appears to be focused heavily on Research and Development type projects.Geothermal: $84,000,000 for FY 2022 - 2025Wind Energy:$100,000,000 for FY 2022 - 2025Solar Energy:$80,000,000 for FY 2022 - 2025Competitive application processVaries depending on programUpdated: 01/28/2022Page 4 of 53/24/2022                                                                                         Infrastructure Investment and Jobs Act ‐ H.R. 3684 ‐ AEA Summary                                                      Section (IIJA)Program Title Technology ProgramDescription/NotesAggregate Federal Funding AppropriationEstimated Funding for AK State of AK Match Requirement Notes on AK Funding EstimateSection J Title VIIINational Electric Vehicle Formula ProgramElectric Vehicles - BetsyFormula based funds under Section 104(c) of title 23 USC for the development of publically available networked EV charging infrastructure along deisgnated alternative fuel corridors. Must develop a plan for disbursing the funds and developing the charging network and submit to Department of Transportation for approval. If the plan is not submitted or approved, the funds for that FY will be provided to localities within the state or disbursed to other states if they cannot be used by the localities.$5,000,000,000 total$300,000,000 for Federal Joint Office10% set aside for assistance grants for States and localitiesRemaining funds follow base apportionment under Section 104(c) of title 23 USC.$51,000,000 $1,500,000Federal share not to exceed 80% total project costs; State or Private Entities (subgrantees) can provide 20% match. State will need to fund planning, interagency coordination, stakeholder outreach, GIS support, and reporting prior to federal funding being available. If 10% set aside for assistance is apportioned to AK and state required to provide 20% match, then state would need $1,500,000.These funds can only be used for purposes of EV charging infrastructure development. Amount AK will receive was estimated from AK's FY21 apportionment after penalties applied to 90% of the funds. The AK funding estimate does not include the 10% set aside for assistance grants to states and localities because it is not clear if that will be competitive or apportioned.These funds can only be used for purposes of EV charging infrastructure development along designated alternative fuel corridors (AFCs) until they are fully built out. It is important for the State to get clarification on flexibility of AFC criteria and then decide to nominate the National Highway System highways and ferry/port terminals and other roads if allowed as Corridor Pending to make full use of these funds.Alaska currently has one Corridor Pending highway route from Anchorage to Fairbanks and no Corridor Ready routes. Updated: 01/28/2022Page 5 of 53/24/2022 Bradley Lake Operator Report Page 1 Bradley Lake Operator Report BPMC March 21, 2022 Unit Statistics: Generation Unit 1 (MWhrs) Unit 2 (MWhrs) Total (MWhrs) January 2022 February 2022 March 2022* 14337 12884 4235 8815 4229 2646 23152 17113 6881 Hydraulics Avg. Lake Level (ft.) Usage (ac ft.) Fish water (CFS) January 2022 February 2022 March 2022* 1114 1105 1101 2918 2114 1086 48 52 55 Battle Creek Inflows to Bradley Shut down for winter 0 * As of March 21, 2022 Lake Level – 1099.3’ as of March 21, 2022 Activities 1) Robert Day’s Retirement - Effective 28 February 2022. 2) Bradley Lake Duplex New building –The architect has submitted the 95% review. We are working toward bidding the project and breaking ground in spring. The Crew’s Quarters design review is ongoing. 3) Fire system – A system inspection was completed the week of November 15th. The PRV was found to be leaking. It will be replaced and the pump will be retested. We continue to address the sprinkler heads and the severely corroded piping. 4) New Hire – We have a new operator Nate Cain; he will start on 26 April 2022. 5) New Hire #2– New superintendent started on 15 March 2022. 6) Staffing – With the addition of the new operator Bradley Project will be fully staffed. Bradley Lake Operator Report Page 2 7) No more SNOW – After weeks of cold and snow the weather has turned the corner into spring. Most of the ice has melted and the area around the project has started to green up nicely. 8) 2023 Budget – Has been reviewed by the O&D committee and the Bradley budget subcommittee. 9) Barge trip- Date to be determined. 10) Annual Maintenance Outage – Replaced both Inverters and battery chargers, Installed and commissioned the IRIS air gap monitoring system on unit #2, repaired lingering oil leaks on unit #2, Performed PMs on 13.8KV Breakers, checked clearances on thrust bearings and calibrated temperature probes, inspected and repaired damage on all needles. The plant was returned to service 18 March 2022. Bradley O&D Report to the BPMC Friday, March 4, 2022, 9:00 AM 1. Report from the Bradley O&D Committee Meeting March 4, 2022. 2. Present: Pete Sarauer (GVEA); Russell Thornton (CEA); Bob Day (HEA); Josh Crowell (MEA; Lance Roberts (GVEA); Bryan Carey (AEA); Lance McKimson (MEA); Larry Jorgensen(HEA);Andy Patrick (HEA) 3. Bradley O&D meeting was held via teleconference. 4. Bradley O&D discussed a wide range of topics including: a. FY23 Bradley Budget, Budget committee reviewed and approved draft. Budget isn’t complete yet. Missing SVC maintenance numbers. No action required. b. EPS study – Discussed scope and conclusion of the Study. No action taken. c. Proposal Evaluations, Bryan – Environmental services RFP potentially for SSQ and Dixon. RFP going out next month. 2 utility and 3 AEA to evaluate proposals. Looking to identify the utility members. Dowl contract is expiring RFP also going out. Evaluation committee for this would require members to have a PE. d. Capacity Transfer Analysis – Russ Described the issues regarding Chugach Capacity transfers and how they are impacted by Support Load (losses, station service, and facility use) discussed potential solutions including reserving capacity for support load that would limit participant maximum capacity, modifications to schedule support load or modifying the system to deliver net energy. Chugach suggested they recommend in the interim that Chugach would move all Chugach capacity transfers to end of day reconciliation when the data is available to properly account for the support load power. O&D to review analysis and provide comments with the intention of delivering to the BPMC at their next meeting. No action was taken. e. Alaska Intertie Events and Bradley Response. Russ reviewed plots of one event where over frequency delivered resulted in Bradley increasing its output. Larry suggested and we agreed to do some testing of the AGC control points. And Chugach will send HEA data for their analysis for several of these Alaska Intertie events. 5. Water and Power Report a. 17,763 MWh of energy were delivered to Bradley Lake Participants in the month of February. b. Inflow remain under the forecast by 4810 acft. Bradley Lake has been below the info forecast every month except the first month of the water year. Putting Bradley Lake 109,783 acft below for the water year. Usage forecasts were updated to reflect this diminished availability of energy. ActualsLake Level (ft)Lake Volume (acft)Equiv. Gen (MWhr)Conv. Eff.Usage (acft)Equiv. Gen (MWhr)Pond (acft)Load (MWhr)Pond (acft)Equiv. Gen (MWhr)Pond (acft)Equiv. Gen (MWhr)Pond (acft)Equiv. Gen (MWhr)Pond (acft)Equiv. Gen (MWhr)Pond (acft)Equiv. Gen (MWhr)Pond (acft)Equiv. Gen (MWhr)Beginning1,110.1061,521.5359,238.470.950Generation Usage17,763.6016,802.53Beginning21,070.7520,008.70-3,219.62-3,057.3435,134.1933,363.297,952.887,552.03583.33553.9361,521.5358,420.61End1,102.2841,824.3039,977.840.942Spill Volume0.00Gen. Usage-3,037.00-2,872.690.000.00-10,750.42-10,168.79-2,193.04-2,074.39-190.95-180.62-16,171.41-15,296.49Change-7.82-19,697.23-19,260.630.946Total Usage17,763.6016,802.53Facility Use-422.46-399.60-71.40-67.53-50.69-47.95-237.84-224.97-58.30-55.14-4.22-4.00-422.46-399.60AEA Sys Loss-60.6-57.36-11.39-10.770.000.00-40.31-38.13-8.22-7.78-0.72-0.68-60.64-57.36Fish Water2,114.301,999.91HEA Sys Loss-74.3-70.3-13.96-13.20-49.40-46.73-10.08-9.53-0.88-0.83-74.31-70.29SSQ Loss-259.4-245.3-48.71-46.07-172.42-163.09-35.17-33.27-3.06-2.90-259.36-245.33CEA Sys Loss-69.43-65.67-50.13-47.42-119.56-113.09Battle Creek Inflow0.000.00BC Inflow0.000.000.000.000.000.000.000.000.000.000.000.00Lake Inflow(1,933.63)(1,829.01)Lake Inflow-326.78-307.89-232.04-218.62-1,088.63-1,025.71-266.84-251.42-19.34-18.22-1,933.63-1,821.86Pend Spill0.000.000.000.000.000.000.00CEA Sys Loss Tariff%2.286%Spill Alloc.0.000.000.000.000.000.000.00Water Xfer0.000.000.000.000.000.000.00True Up Adj-231.39-218.87-47.59-45.01-301.54-285.23-70.52-66.71-4.82-4.56-655.86-620.38End17,260.7016,262.99-3,549.94-3,344.7522,493.6221,193.445,260.584,956.50359.34338.5741,824.3039,406.76Pond %41.27%-8.49%53.78%12.58%0.86%100.00%February 2022Facility UseGVEA (16.9%) (0%)HEA (12.0%) (41.45%)CEA (56.3%) (39.38%)MEA (13.8%) (17.88%)SES (1.0%) (1.3%)Totals 6. ASSIGNMENTS – a. Andy/HEA will get budget and SCOPE for implementing the Oscillation Study Results i. Voltage Study is in progress. b. Russ/CEA, investigates modifications to BDS for allowing HEA Wheeling of power to Bradley participants. i. No update c. Russ/CEA, Audit of participant Bradley Capacity Transfer Usage for BPMC i. Draft report presented to the Bradley O&D and expect to deliver to the BPMC at their next meeting. d. Martin/HEA, BPMC assignment work with DOWL to resolve flow meter issue i. On hold till summer. e. Martin /HEA, investigate options to automate Battle Creek measurements and ICCP reporting. i. No update Bradley Lake Budget to Actual Expense Report 07/01/2021 to 12/31/2021 ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT FY2021 FY2022 FY2022 FY 2022 2nd QUARTER REPORT ACTUALS Amend 4 ACTUALS BUDGET REVENUES, EXPENSES & CHANGES IN SURPLUS REVENUES UTILITY CONTRIBUTIONS 15,259,364 7,970,884 5,586,732 INTEREST INCOME 1,976,237 903,500 904,198 OTHER MISCELLANEOUS* 2,000 - - OTHER AVAILABLE FUNDS-Cap Reserve Transfer 1,325,513 - - 18,563,114 8,874,384 6,490,930 EXPENSES OPERATIONS & MAINTENANCE-Sch B 4,902,699 6,494,352 2,568,395 RENEWALS/REPLACE (R&C) PAYMENTS-Sch D 815,481 1,331,902 - RENEWALS/REPLACEMENTS (R&C FUND CASH CALL)-Sch D - R&C INTEREST APPLIED AS REPMT 269,488 - 41,333 NON R&C CAPITAL PURCHASES - Sch A1 491,345 909,000 149,356 TRANSFERS TO(FROM)OPERATING RESERVE 276,375 139,130 - DEBT SERVICE 11,453,263 - - TRANSFER TO ARBITRAGE 354,464 - 278,442 Excess Payment Agreement - 18,563,114 8,874,384 3,037,526 CURRENT YEAR SURPLUS(DEFICIT) 0 - 3,453,404 PRIOR YEAR SURPLUS (DEFICIT) - - - BEGINNING SURPLUS (DEFICIT) - - - COMMITTED CY EXP & DEBT SVC (0) - (3,453,404) ENDING SURPLUS (DEFICIT) - - - BALANCE SHEET ASSETS REVENUE FUND-USB 1,296,949 - - OPERATING FUND-USB 1,215,498 - - REVENUE/OPERATING-KB 14,584,274 DUE FROM SQ OPERATING 170,000 170,000 DUE FROM R&C 120,484 - 120,484 OTHER RECEIVABLE - - - PREPAID INSURANCE - - 626,759 2,802,930 - 15,501,517 LIABILITIES & SURPLUS CURRENT LIABILITIES 1,955,148 - 2,495,997 OTHER LIABILITIES - - DUE TO SQ LINE-EXCESS RESERVE 8,704,335 UNEARNED REVENUE - - COMMITTED CY EXP & DEBT SVC - - 3,453,404 727,298 - 727,298 120,484 - 120,484 2,802,930 - 15,501,517 OTHER INFORMATION OPERATING RESERVE 1,159,740 1,298,870 1,125,742 PAYABLE TO UTILITIES O&M PAYABLE TO UTILITIES R&C 2 of 17 ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT Schedule A-1 Expenses for the period 07/01/21 to 12/31/21 FY21 FY22 FY22 ACTUALS BUDGET ACTUALS Upgrade Crews Quarters and Residents Kitchen 139,000 Battle Creek Bridge Repair 141,369 80,000 112,337 UPS Replacement 34,438 IRIS Air Gap Monitoring System (computer) 45,000 18,675 Replace Dump Truck and Sander 166,608 20,000 Housing Preliminary Design 10,375 Emerson Cybersecurity Update 138,555 Heavy Duty trailer for equipment 20,000 ABB Replace GIS Actuators 240,000 Replacement pickup truck 45,000 Needle Valve rebuild 150,000 18,344 Start new servo design 100,000 Soldotna SVC Battery Replacement 70,000 SQ Line Access Documentation 3,127 SQ Line Acquisition Costs 46,029 SQ Line Projects transferred to SCH H (49,156) Total Non R&C Capital Purchases 491,345 909,000 149,356 CAPITAL PURCHASES NOT FUNDED BY R&C FUND 3 of 17 BRADLEY LAKE OPERATIONS & MAINTENANCE SCHEDULE B BUDGET TO ACTUAL EXPENSES FOR THE PERIOD 07/01/2021 THROUGH 12/31/2021 FY 22 FY 21  FY22  Approved  Budget  BUDGET %   07/01/2021  ‐  12/31/2021  HEA Actual   CEA  Actual  AEA Actual  Total Actual   (Over)  Under  Budget to  Date   FY21 Approved  Budget  FY21 Actual  Summary by expense type AIDEA Staff Professional Services (Direct) ‐             ‐                ‐              ‐         81,678          81,678            (81,678)     ‐                      94,811                 Labor & Benefits 1,307,994  653,999       434,492      44,225   ‐                478,717         175,282    1,413,289          1,146,940           Travel 38,450       19,225         890             252        168               1,310               17,915       44,950                1,729                   Training 49,300       24,650         7,567          ‐         ‐                7,567               17,083       49,300                25,474                 Contractual 1,044,525  522,263       279,052      65,000   127,246       471,298         50,965       844,340             770,831               Contractual ‐ Design Services ‐             ‐                ‐              ‐         ‐                ‐                   ‐             59,000                ‐                       Consulting‐Administrative ‐             ‐                ‐              ‐         275               275                  (275)           2,500                  3,095                   Supplies & Materials 429,345     214,673       100,371      666        50                 101,087         113,586    389,345             213,581               Other Costs 97,318       48,660         17,134        14,756   ‐                31,890            16,770       70,818                68,510                 Equipment, Furniture and Machinery 73,000       36,500         1,119          ‐         ‐                1,119               35,381       170,000             43,344                 Maintenance Projects ‐             ‐                ‐              ‐         ‐                ‐                   ‐             ‐                      ‐                       Administrative Costs 1,968,134  984,067       56,650        ‐         824,139       880,789         103,278    1,254,574          1,119,298           Indirect Costs 1,486,285  743,144       512,665      ‐         ‐                512,665         230,479    1,330,587          1,415,086           6,494,351   3,247,181 1,409,940  124,900 1,033,556    2,568,395      678,786    5,628,703          4,902,699           FERC 535 ‐ Operation Supervision & Engineering Operations Sup/Eng Bradley Lake Operating Labor & Benefits 107,604      53,802      44,649        ‐         ‐                44,649            9,153         107,453             99,339                 Travel 10,450        5,225         792             ‐         ‐                792                  4,433         10,450                408                      Training 9,300           4,650         113             ‐         ‐                113                  4,537         9,300                  2,076                   Contractual 11,000        5,500         ‐              ‐         ‐                ‐                   5,500         11,000                ‐                       Supplies & Materials 4,000           2,000         708             ‐         ‐                708                  1,292         4,000                  3,082                   Administrative Costs ‐              ‐             ‐              ‐         ‐                ‐                   ‐             ‐                      (9,745)                  Indirect Costs 155,698      77,849      59,912        ‐         ‐                59,912            17,937       155,698             138,722               Bradley Lake Operating Total 298,052      149,026    106,175      ‐         ‐                106,175         42,851       297,901             233,883               FERC 535 ‐ Operation Supervision & Engineering Total 298,052      149,026    106,175      ‐         ‐                106,175         42,851       297,901             233,883              FERC 537 ‐ Hydraulic Expenses Hydraulic Expenses Bradley Lake Operating Labor & Benefits 84,192        42,096      30,033        ‐         ‐                30,033            12,063       84,192                77,210                 Travel 8,000           4,000         73                ‐         ‐                73                    3,927         10,000                129                      Contractual 73,000        36,500      5,772          ‐         ‐                5,772               30,728       (37,000)              32,071                 Contractual ‐ Design Services ‐              ‐             ‐              ‐         ‐                ‐                   ‐             59,000                ‐                       Supplies & Materials 16,000        8,000         93                ‐         ‐                93                    7,907         59,000                2,297                   Equipment, Furniture and Machinery 39,000        19,500      ‐              ‐         ‐                ‐                   19,500       32,000                ‐                       Administrative Costs ‐              ‐             ‐              ‐         ‐                ‐                   ‐             ‐                      (8,712)                  Indirect Costs 114,320      57,160      42,255        ‐         ‐                42,255            14,905       114,320             106,091               Bradley Lake Operating Total 334,512      167,256    78,225        ‐         ‐                78,225            89,031       321,512             209,086               Bradley Battle Creek Diversion Bradley Battle Creek Diversion Total ‐              ‐             ‐              ‐         ‐                ‐                   ‐             ‐                      ‐                       FERC 537 ‐ Hydraulic Expenses Total 334,512      167,256    78,225        ‐         ‐                78,225            89,031       321,512             209,086              FERC 538 ‐ Electric Expenses Electric Expenses Bradley Lake Operating Labor & Benefits 218,044      109,022    96,746        ‐         ‐                96,746            12,276       218,044             251,924               Travel 7,000           3,500         ‐              ‐         ‐                ‐                   3,500         7,000                  110                      Training 25,000        12,500      7,453          ‐         ‐                7,453               5,047         25,000                23,398                 Contractual 5,000           2,500         ‐              ‐         ‐                ‐                   2,500         2,000                  ‐                       Supplies & Materials 42,732        21,366      8                  ‐         ‐                8                      21,358       41,732                23,771                 Other Costs ‐              ‐             ‐              ‐         ‐                ‐                   ‐             5,000                  2,102                   Equipment, Furniture and Machinery 11,000        5,500         ‐              ‐         ‐                ‐                   5,500         73,000                30,979                 Administrative Costs ‐              ‐             37,934        ‐         ‐                37,934            (37,934)     ‐                      (25,026)               Indirect Costs 262,004      131,002    75,186        ‐         ‐                75,186            55,816       262,004             293,373               Bradley Lake Operating Total 570,780      285,390    217,328      ‐         ‐                217,328         68,062       633,780             600,630               FERC 538 ‐ Electric Expenses Total 570,780      285,390    217,328      ‐         ‐                217,328         68,062       633,780             600,630              FERC 539 ‐ Misc. Hydraulic Power Generation Expenses Misc Hydro Power Exp Bradley Lake Operating Labor & Benefits 104,788      52,394      30,044        ‐         ‐                30,044            22,350       105,047             76,187                 Training 15,000        7,500         ‐              ‐         ‐                ‐                   7,500         15,000                ‐                       Contractual 287,525      143,763    84,218        ‐         ‐                84,218            59,545       287,525             251,983               Supplies & Materials 17,900        8,950         11,486        ‐         50                 11,536            (2,586)       17,900                28,574                 Other Costs ‐              ‐             (714)            ‐         ‐                (714)                714            65,468                ‐                       4 of 17 FY 22 FY 21  FY22  Approved  Budget  BUDGET %   07/01/2021  ‐  12/31/2021  HEA Actual   CEA  Actual  AEA Actual  Total Actual   (Over)  Under  Budget to  Date   FY21 Approved  Budget  FY21 Actual  Administrative Costs ‐              ‐             ‐              ‐         ‐                ‐                   ‐             ‐                      (21,052)               Indirect Costs 114,320      57,160      42,278        ‐         ‐                42,278            14,882       114,320             104,693               Bradley Lake Operating Total 539,533      269,767    167,312      ‐         50                 167,362         102,405    605,260             440,386               BRADLEY CIRCUITS/RADIO TO BERNICE LK Other Costs 35,695        17,848      17,848        ‐         ‐                17,848            0                 ‐                      35,696                 BRADLEY CIRCUITS/RADIO TO BERNICE LK Total 35,695        17,848      17,848        ‐         ‐                17,848            0                 ‐                      35,696                 BRADLEY CIRCUITS BERNICE LK TO ANCH Other Costs 29,773        14,887      ‐              14,756   ‐                14,756            131            ‐                      29,162                 BRADLEY CIRCUITS BERNICE LK TO ANCH Total 29,773        14,887      ‐              14,756   ‐                14,756            131            ‐                      29,162                 FERC 539 ‐ Misc. Hydraulic Power Generation Expenses Total 605,001      302,502    185,160      14,756   50                 199,966         102,536    605,260             505,244              FERC 541 ‐ Maintenance Supervision & Engineering Maint Supervision/Eng Bradley Lake Operating Labor & Benefits 114,758      57,379      44,841        ‐         ‐                44,841            12,538       270,154             98,215                 Administrative Costs ‐              ‐             ‐              ‐         ‐                ‐                   ‐             ‐                      (9,493)                  Indirect Costs 155,698      77,849      60,873        ‐         ‐                60,873            16,976       ‐                      139,106               Bradley Lake Operating Total 270,456      135,228    105,714      ‐         ‐                105,714         29,514       270,154             227,829               FERC 541 ‐ Maintenance Supervision & Engineering Total 270,456      135,228    105,714      ‐         ‐                105,714         29,514       270,154             227,829              FERC 542 ‐ Maintenance of Structures Maintenance of Structures Bradley Lake Operating Labor & Benefits 77,639        38,820      28,407        ‐         ‐                28,407            10,413       77,639                77,611                 Contractual 89,000        44,500      32,281        ‐         ‐                32,281            12,219       59,000                41,592                 Supplies & Materials 243,713      121,857    26,914        ‐         ‐                26,914            94,943       100,713             56,277                 Equipment, Furniture and Machinery 23,000        11,500      1,119          ‐         ‐                1,119               10,381       52,000                12,365                 Administrative Costs ‐              ‐             6,776          ‐         ‐                6,776               (6,776)       ‐                      (11,689)               Indirect Costs 105,421      52,711      33,230        ‐         ‐                33,230            19,481       105,421             104,384               Bradley Lake Operating Total 538,773      269,388    128,727      ‐         ‐                128,727         140,661    394,773             280,540               FERC 542 ‐ Maintenance of Structures Total 538,773      269,388    128,727      ‐         ‐                128,727         140,661    394,773             280,540              FERC 543 ‐ Maintenance of Reservoirs, Dams & Waterways Maint Res, Dams, WWays Bradley Lake Operating Labor & Benefits 40,744        20,372      217             ‐         ‐                217                  20,155       40,744                538                      Travel 5,000           2,500         ‐              ‐         ‐                ‐                   2,500         5,000                  ‐                       Contractual 6,500           3,250         ‐              ‐         ‐                ‐                   3,250         21,500                ‐                       Supplies & Materials 15,000        7,500         ‐              ‐         ‐                ‐                   7,500         15,000                ‐                       Administrative Costs ‐              ‐             ‐              ‐         ‐                ‐                   ‐             ‐                      (55)                       Indirect Costs 56,689        28,345      168             ‐         ‐                168                  28,177       56,689                833                      Bradley Lake Operating Total 123,933      61,967      384             ‐         ‐                384                  61,583       138,933             1,316                   BRADLEY POWER TUNNEL MAINT (Dam) Contractual 15,000        7,500         ‐              ‐         ‐                ‐                   7,500         ‐                      ‐                       BRADLEY POWER TUNNEL MAINT (Dam) Total 15,000        7,500         ‐              ‐         ‐                ‐                   7,500         ‐                      ‐                       FERC 543 ‐ Maintenance of Reservoirs, Dams & Waterways Total 138,933      69,467      384             ‐         ‐                384                  69,083       138,933             1,316                   FERC 544 ‐ Maintenance of Electric Plant Maintenance of Elec Plant Bradley Lake Operating Labor & Benefits 309,110      154,555    112,926      ‐         ‐                112,926         41,629       309,110             324,925               Travel 4,500           2,250         25                ‐         ‐                25                    2,225         4,500                  ‐                       Contractual 49,000        24,500      40,036        ‐         ‐                40,036            (15,536)     86,000                20,181                 Supplies & Materials 30,000        15,000      13,853        ‐         ‐                13,853            1,147         38,000                25,336                 Administrative Costs ‐              ‐             ‐              ‐         ‐                ‐                   ‐             ‐                      (31,974)               Indirect Costs 423,178      211,589    158,641      ‐         ‐                158,641         52,948       423,178             428,904               Bradley Lake Operating Total 815,788      407,894    325,481      ‐         ‐                325,481         82,413       860,788             767,372               FERC 544 ‐ Maintenance of Electric Plant Total 815,788      407,894    325,481      ‐         ‐                325,481         82,413       860,788             767,372              FERC 545 ‐ Maintenance of Misc. Hydraulic Plant Maint of Misc Hydr Plant Bradley Lake Operating Labor & Benefits 69,297        34,649      28,603        ‐         ‐                28,603            6,046         69,297                72,805                 Contractual 3,900           1,950         ‐              ‐         ‐                ‐                   1,950         3,900                  2,447                   Supplies & Materials 34,000        17,000      15,093        ‐         ‐                15,093            1,907         58,000                70,481                 Administrative Costs ‐              ‐             ‐              ‐         ‐                ‐                   ‐             ‐                      (9,789)                  Indirect Costs 98,957        49,479      40,122        ‐         ‐                40,122            9,357         98,957                98,981                 Bradley Lake Operating Total 206,154      103,078    83,818        ‐         ‐                83,818            19,260       230,154             234,926               FERC 545 ‐ Maintenance of Misc. Hydraulic Plant Total 206,154      103,078    83,818        ‐         ‐                83,818            19,260       230,154             234,926              FERC 556 ‐ System Control & Load Dispatching System Cntl & Load Disp Bradley Lake Operating Labor & Benefits 19,708        9,854         6,539          ‐         ‐                6,539               3,315         21,140                16,879                 Contractual 53,000        26,500      88,075        ‐         ‐                88,075            (61,575)     53,000                5,010                   Supplies & Materials 6,000           3,000         6,475          ‐         ‐                6,475               (3,475)       6,000                  3,040                   Administrative Costs ‐              ‐             ‐              ‐         ‐                ‐                   ‐             ‐                      (997)                     5 of 17 FY 22 FY 21  FY22  Approved  Budget  BUDGET %   07/01/2021  ‐  12/31/2021  HEA Actual   CEA  Actual  AEA Actual  Total Actual   (Over)  Under  Budget to  Date   FY21 Approved  Budget  FY21 Actual  Bradley Lake Operating Total 78,708        39,354      101,089      ‐         ‐                101,089         (61,735)     80,140                23,932                 Bradley Battle Creek Diversion Bradley Battle Creek Diversion Total ‐              ‐             ‐              ‐         ‐                ‐                   ‐             ‐                      ‐                        Snow Measurement Bradley Lake Operating Contractual 10,000        5,000         ‐              ‐         ‐                ‐                   5,000         10,000                10,000                 Administrative Costs ‐              ‐             ‐              ‐         ‐                ‐                   ‐             ‐                      (400)                     Bradley Lake Operating Total 10,000        5,000         ‐              ‐         ‐                ‐                   5,000         10,000                9,600                    Seismic Service Bradley Lake Operating Contractual 62,000        31,000      ‐              ‐         28,312          28,312            2,688         62,000                65,045                 Administrative Costs ‐              ‐             ‐              ‐         ‐                ‐                   ‐             ‐                      (2,392)                  Bradley Lake Operating Total 62,000        31,000      ‐              ‐         28,312          28,312            2,688         62,000                62,653                  Streamguaging Serv Bradley Lake Operating Contractual 218,000      109,000    ‐              ‐         98,934          98,934            10,066       183,615             193,615               Administrative Costs ‐              ‐             ‐              ‐         ‐                ‐                   ‐             ‐                      (7,745)                  Bradley Lake Operating Total 218,000      109,000    ‐              ‐         98,934          98,934            10,066       183,615             185,870               Permits Bradley Lake Operating Other Costs 350              175            ‐              ‐         ‐                ‐                   175            350                     1,550                   Administrative Costs ‐              ‐             ‐              ‐         ‐                ‐                   ‐             ‐                      (62)                       Bradley Lake Operating Total 350              175            ‐              ‐         ‐                ‐                   175            350                     1,488                   FERC 556 ‐ System Control & Load Dispatching Total 369,058      184,529    101,089      ‐         127,246       228,335         (43,806)     336,105             283,544              FERC 562 ‐ Station Expenses Station Expenses Bradley Lake Operating Labor & Benefits 134,147      67,074      11,486        44,225   ‐                55,711            11,363       83,010                49,729                 Travel 3,500           1,750         ‐              252        ‐                252                  1,498         4,500                  53                         Contractual 61,600        30,800      28,671        65,000   ‐                93,671            (62,871)     1,800                  54,752                 Supplies & Materials 15,000        7,500         25,740        666        ‐                26,407            (18,907)     44,000                724                      Other Costs 31,500        15,750      ‐              ‐         ‐                ‐                   15,750       ‐                      ‐                       Equipment, Furniture and Machinery ‐              ‐             ‐              ‐         ‐                ‐                   ‐             13,000                ‐                       Administrative Costs ‐              ‐             ‐              ‐         ‐                ‐                   ‐             ‐                      (4,210)                  Bradley Lake Operating Total 245,747      122,874    65,898        110,144 ‐                176,042         (53,168)     146,310             101,048               FERC 562 ‐ Station Expenses Total 245,747      122,874    65,898        110,144 ‐                176,042         (53,168)     146,310             101,048              #N/A Weather Monitoring Power Sup Bradley Lake Operating Contractual ‐              ‐             ‐              ‐         ‐                ‐                   ‐             ‐                      (5,244)                  Bradley Lake Operating Total ‐              ‐             ‐              ‐         ‐                ‐                   ‐             ‐                      (5,244)                  #N/A ‐              ‐             ‐              ‐         ‐                ‐                   ‐             ‐                      (5,244)                  FERC 571 ‐ Maintenance of Overhead Lines Maint of OH Lines Bradley Lake Operating Labor & Benefits 27,963        13,982      ‐              ‐         ‐                ‐                   13,982       27,459                1,577                   Contractual 100,000      50,000      ‐              ‐         ‐                ‐                   50,000       100,000             99,378                 Supplies & Materials 5,000           2,500         ‐              ‐         ‐                ‐                   2,500         5,000                  ‐                       Administrative Costs ‐              ‐             ‐              ‐         ‐                ‐                   ‐             ‐                      (4,038)                  Bradley Lake Operating Total 132,963      66,482      ‐              ‐         ‐                ‐                   66,482       132,459             96,916                 FERC 571 ‐ Maintenance of Overhead Lines Total 132,963      66,482      ‐              ‐         ‐                ‐                   66,482       132,459             96,916                 FERC 920 & 930 ‐ Administrative Expense AEA Bradley Fixed Admin Fees Bradley Lake Operating AIDEA Staff Professional Services (Direct) ‐              ‐             ‐              ‐         81,678          81,678            (81,678)     ‐                      94,811                 Travel ‐              ‐             ‐              ‐         168               168                  (168)           3,500                  1,029                   Consulting‐Administrative ‐              ‐             ‐              ‐         275               275                  (275)           2,500                  3,095                   Administrative Costs 85,790        42,895      ‐              ‐         35,782          35,782            7,113         19,755                91,681                 Bradley Lake Operating Total 85,790        42,895      ‐              ‐         117,903       117,903         (75,008)     25,755                190,615               Bradley Battle Creek Diversion Bradley Battle Creek Diversion Total ‐              ‐             ‐              ‐         ‐                ‐                   ‐             ‐                      ‐                       Battle Creek Operating Battle Creek Operating Total ‐              ‐             ‐              ‐         ‐                ‐                   ‐             ‐                      ‐                       SHARED ‐ AEA Bradley Lake Administrative Costs ‐              ‐             ‐              ‐         ‐                ‐                   ‐             ‐                      70,742                 SHARED ‐ AEA Bradley Lake Total ‐              ‐             ‐              ‐         ‐                ‐                   ‐             ‐                      70,742                 Operating Committee Exp‐Audit Bradley Lake Operating Administrative Costs 19,900        9,950         ‐              ‐         23,660          23,660            (13,710)     19,900                21,120                 Bradley Lake Operating Total 19,900        9,950         ‐              ‐         23,660          23,660            (13,710)     19,900                21,120                 Operating Committee Exp‐Legal 6 of 17 FY 22 FY 21  FY22  Approved  Budget  BUDGET %   07/01/2021  ‐  12/31/2021  HEA Actual   CEA  Actual  AEA Actual  Total Actual   (Over)  Under  Budget to  Date   FY21 Approved  Budget  FY21 Actual  Bradley Lake Operating Administrative Costs 70,000        35,000      ‐              ‐         96,979          96,979            (61,979)     70,000                56,915                 Bradley Lake Operating Total 70,000        35,000      ‐              ‐         96,979          96,979            (61,979)     70,000                56,915                 Operat Committee Exp‐Arbitrage Bradley Lake Operating Administrative Costs 5,000           2,500         ‐              ‐         35                 35                    2,465         5,000                  2,818                   Bradley Lake Operating Total 5,000           2,500         ‐              ‐         35                 35                    2,465         5,000                  2,818                   Trust & Account Fees Bradley Lake Operating Administrative Costs 13,000        6,500         ‐              ‐         ‐                ‐                   6,500         13,000                11,441                 Bradley Lake Operating Total 13,000        6,500         ‐              ‐         ‐                ‐                   6,500         13,000                11,441                 Misc Admin Bradley Lake Operating Administrative Costs 12,000        6,000         ‐              ‐         13,190          13,190            (7,190)       18,900                18,202                 Bradley Lake Operating Total 12,000        6,000         ‐              ‐         13,190          13,190            (7,190)       18,900                18,202                 FERC 920 & 930 ‐ Administrative Expense Total 205,690      102,845    ‐              ‐         251,767       251,767         (148,922)   152,555             371,853              FERC 924 & 925 ‐ Insurance Premiums Insurance Premiums Bradley Lake Operating Administrative Costs 1,382,444   691,222    11,940        ‐         578,743       590,683         100,539    748,019             680,076               Bradley Lake Operating Total 1,382,444   691,222    11,940        ‐         578,743       590,683         100,539    748,019             680,076               Risk Management  Bradley Lake Operating Administrative Costs 25,000        12,500      ‐              ‐         ‐                ‐                   12,500       ‐                      ‐                       Bradley Lake Operating Total 25,000        12,500      ‐              ‐         ‐                ‐                   12,500       ‐                      ‐                       FERC 924 & 925 ‐ Insurance Premiums Total 1,407,444   703,722    11,940        ‐         578,743       590,683         113,039    748,019             680,076              FERC 928 ‐ Regulatory Commission Expenses FERC Admin Fees Bradley Lake Operating Administrative Costs 150,000      75,000      ‐              ‐         ‐                ‐                   75,000       175,000             156,071               Bradley Lake Operating Total 150,000      75,000      ‐              ‐         ‐                ‐                   75,000       175,000             156,071               FERC Related Prof Services Bradley Lake Operating Administrative Costs ‐              ‐             ‐              ‐         ‐                ‐                   ‐             ‐                      (6,567)                  Bradley Lake Operating Total ‐              ‐             ‐              ‐         ‐                ‐                   ‐             ‐                      (6,567)                  BRADLEY FERC PART 12 INSPECTION Administrative Costs 25,000        12,500      ‐              ‐         3,613            3,613               8,887         75,000                42,396                 BRADLEY FERC PART 12 INSPECTION Total 25,000        12,500      ‐              ‐         3,613            3,613               8,887         75,000                42,396                 BRADLEY CONTRACTUAL ENGINEER‐FERC LICENSE ISSUES Administrative Costs 180,000      90,000      ‐              ‐         72,136          72,136            17,864       110,000             121,783               BRADLEY CONTRACTUAL ENGINEER‐FERC LICENSE ISSUES Total 180,000      90,000      ‐              ‐         72,136          72,136            17,864       110,000             121,783               FERC 928 ‐ Regulatory Commission Expenses Total 355,000      177,500    ‐              ‐         75,750          75,750            101,750    360,000             313,682              Total Bradley Lake Budget 6,494,351   3,247,181 1,409,940  124,900 1,033,556    2,568,395      678,786    5,628,703          4,902,699           7 of 17 BRADLEY LAKE R&C FUND DISBURSEMENTS AND REPAYMENTS SCHEDULE D Expenses for the period 07/01/21 to 12/31/21 Actual Actual Actual Actual @ 6/30/21 TO REPAY @ 12/31/21 TO REPAY Budget Description Expense @6/30/21 Expense @12/31/21 FY22 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 64,452.15 105,631.24 2,887.77 108,519.01 150,000.00 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 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 0.00 510,550.13 0.00 510,550.13 0.00 Emerson Operating System Upgrade 0.00 622,665.00 0.00 622,665.00 0.00 Generator #2 Replacement 0.00 953,212.71 0.00 953,212.71 0.00 Road Grader 0.00 0.00 0.00 0.00 0.00 Battle Creek Construction 3,739,590.93 3,739,590.93 0.00 3,739,590.93 0.00 Battle Creek Cash Call-Expended 750,000.00 750,000.00 0.00 750,000.00 0.00 Battle Creek Cash Call-Paid by Utilities (750,000.00) (750,000.00) 0.00 (750,000.00) 0.00 Needle Repairs 1,482,791.23 1,482,791.23 0.00 1,482,791.23 0.00 Construct additional residence 26,776.25 26,776.25 980,000.00 Spillway Raise & Expansion Project 86,599.24 86,599.24 800,000.00 0.00 0.00 5,286,834.31 32,307,392.30 116,263.26 32,423,655.56 1,930,000.00 Current Year R&C Repayment-Battle Creek (2,209,060.11) (552,000.00) Current Year R&C Repayment-Bradley Lake Adjust balance to $5 million 0.00 0.00 Interest in Fund Applied to Repayment (269,487.82) (41,333.08) Net Transfer from Revenue Fund (2,478,547.93) (593,333.08) Cumulative Prior Years R&C Repayments (25,518,390.50) (27,707,352.30) Due to (from) Utilities 289,586.13 (1,260,277.23) Adjust Due to R&C Actual 0.00 0.00 (25,228,804.37) (28,967,629.53) NET DUE TO R&C FUND 4,600,040.00 2,862,692.95 R&C FUND CASH FLOW PROJECTION Beginning Investment Balance 3,922,231.19 1,069,522.90 Disbursements-current year -Accrual (5,312,961.77) 0.00 Disbursements-prior year accrued 0.00 0.00 Utilities' R&C Refund (18,294.45) 0.00 Net other cash inflow(outflow) Current year interest earnings 269,487.82 41,333.08 Contributions to R&C Fund 2,209,060.11 552,000.00 Ending Investment Balance 1,069,522.90 1,662,855.98 Accrued Due to (from) Utilities (289,586.13) 970,691.10 Accrued R&C vendor Payable at Year End (379,976.77) (496,240.03) PROJECTED NET DUE + ENDING INVESTMENT BALANCE 5,000,000.00 5,000,000.00 REPAYMENT AMOUNT $1,649,677 X 25% $4,139,810 X 25% $238,606.15 X 25% $954,181.79 x 25% $756,665.11 x 25% all 4 years $1,455,830.05 x 25% all 4 years $1,401,948.53 x 25% all 4 years $1,834,499.92 x 25% yr 1 | 25% yr 2 | 50% yr 3 $3,330,802.80 x 25% yr 1 | 32% yr 2 | 25% yr 3 |18% yr4 $5,644,193.08 x 25% all 4 years $1,341,405.96 x 25% all 4 years 4th 335,351.49 $1,715,556.80 x 25% all 4 years 3rd 428,889.20 3rd 428,889.20 $412,050.13 x 25% all 4 years 2nd 103,012.53 2nd 103,012.53 $5,286,834 x 25% all 4 years 1st-BL-25% 386,810.85 2nd-BL-25% 386,810.85 1st BC-25% 934,897.73 2nd BC-25% 934,897.73 $1,6300,000 x 25% all 4 years (FY22 Budget)12/31/21 Actual 29,065.82 2,188,961.80 1,853,610.31 8 of 17 ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT OTHER PROJECT COSTS - BATTLE CREEK FY 2022 2nd QUARTER REPORT FY2021 FY2022 FY2022 ACTUALS AMEND 4 ACTUALS BUDGET REVENUES, EXPENSES & CHANGES IN SURPLUS REVENUES UTILITY CONTRIBUTIONS 3,648,632 3,564,453 1,786,090 INTEREST INCOME 336 - 192 OTHER AVAILABLE FUNDS-Cap Reserve Transfer - - - 3,648,968 3,564,453 1,786,282 EXPENSES BATTLE CREEK OPERATIONS & MAINTENANCE- Sch F 475,700 399,610 97,626 RENEWALS/REPLACE (R&C) PAYMENTS-Sch D 934,898 1,104,000 552,000 NON R&C CAPITAL PURCHASES -Sch E 7,913 115,000 55,856 TRANSFERS TO(FROM)OPERATING RESERVE 124,322 (29,621) (29,621) DEBT SERVICE 3,130,353 3,064,883 1,532,442 IRS SUBSIDY (1,131,617) (1,089,419) (544,709) CAPITAL RESERVE CONTRIBUTION 107,399 - TRANSFER TO ARBITRAGE - - - 3,648,968 3,564,453 1,663,593 CURRENT YEAR SURPLUS(DEFICIT) (0) - 122,689 COMMITTED CY EXP & DEBT SVC 0 - (122,689) ENDING SURPLUS (DEFICIT) - - - BALANCE SHEET ASSETS REVENUE FUND 2,227,067 - 2,303,437 OPERATING FUND 268,464 - 468,264 DUE FROM CAPITAL RESERVE FUND - - - DUE FROM R&C 169,102 - 169,102 OTHER RECEIVABLE - - - PREPAID - - - 2,664,633 - 2,940,803 LIABILITIES & SURPLUS CURRENT LIABILITIES 356,030 - 509,511 DUE TO R&C - - - COMMITTED CY EXP & DEBT SVC - - 122,689 2,139,501 2,139,501 169,102 - 169,102 2,664,633 - 2,940,803 OTHER INFORMATION OPERATING RESERVE 109,543 79,922 79,922 MONTHLY CONTRIBUTIONS 661,915 297,038 595,363 PAYABLE TO UTILITIES O&M PAYABLE TO UTILITIES R&C 9 of 17 ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT Battle Creek Capital Purchases Schedule E Expenses for the period 07/01/21 to 12/31/21 FY21 FY22 FY22 Actual Budget Actual Used 2007 Chevrolet Silverado Used 2006 Chevrolet Silverado Battle Creek Diversion Battle Creek Associated Costs 15,000 20,863.01 Vent Enlargment 50,000 12,857.72 Pressure Sensor w SCADA 25,000 2,587.85 Power feed to LBC Bridge 7,913 25,000 19,548 Total capital revenue fund purchases 7,913 115,000 55,856 Battle Creek Capital Purchases 10 of 17 ALASKA ENERGY AUTHORITY BATTLE CREEK OPERATIONS & MAINTENANCE SCHEDULE F BUDGET TO ACTUAL EXPENSES FOR THE PERIOD 07/01/2021 THROUGH 12/31/2021 FY 22 FY 21  FY22 Approved Budget   BUDGET %  07/01/2021  ‐ 12/31/2021  HEA Actual  CEA Actual  AEA Actual  Total Actual   (Over) Under  Budget to Date   FY21 Approved  Budget  FY21 Actual  Summary by expense type Direct Purchases/Travel ‐                                    ‐                                        ‐                          ‐                          ‐              ‐                      ‐                         ‐                             2,174             AIDEA Staff Professional Services (Direct) ‐                                    ‐                                        ‐                          ‐                          10,789       10,789               (10,789)                  ‐                             22,840           Labor & Benefits ‐                                    ‐                                        18,104                   ‐                          ‐              18,104               (18,104)                  ‐                             ‐                 Travel ‐                                    ‐                                        37                           ‐                          ‐              37                        (37)                         ‐                             ‐                 Training ‐                                    ‐                                        315                         ‐                          ‐              315                      (315)                       ‐                             ‐                 Contractual 126,000                           63,000                                  11,627                   ‐                          22,500       34,127               28,873                  111,000                    82,481           Supplies & Materials ‐                                    ‐                                        4,182                      ‐                          ‐              4,182                 (4,182)                    ‐                             ‐                 Other Costs ‐                                    ‐                                        714                         ‐                          ‐              714                      (714)                       ‐                             ‐                 Equipment, Furniture and Machinery ‐                                    ‐                                        47                           ‐                          ‐              47                        (47)                         ‐                             ‐                 Administrative Costs 273,610                           136,805                               2,360                      ‐                          5,589          7,950                128,855                436,714                   368,337         Indirect Costs ‐                                    ‐                                        21,361                   ‐                          ‐              21,361               (21,361)                  ‐                             ‐                 399,610                            199,805                           58,747                   ‐                          38,878       97,626              102,179                547,714                   475,832         FERC 535 ‐ Operation Supervision & Engineering Operations Sup/Eng Battle Creek Operating Labor & Benefits ‐                                     ‐                                    1,860                      ‐                          ‐              1,860                 (1,860)                    ‐                             ‐                 Travel ‐                                     ‐                                    33                           ‐                          ‐              33                        (33)                         ‐                             ‐                 Training ‐                                     ‐                                    5                             ‐                          ‐              5                          (5)                            ‐                             ‐                 Supplies & Materials ‐                                     ‐                                    30                           ‐                          ‐              30                        (30)                         ‐                             ‐                 Administrative Costs ‐                                     ‐                                    ‐                          ‐                          ‐              ‐                      ‐                         ‐                             9,745             Indirect Costs ‐                                     ‐                                    2,496                      ‐                          ‐              2,496                 (2,496)                    ‐                             ‐                 Battle Creek Operating Total ‐                                     ‐                                    4,424                      ‐                          ‐              4,424                 (4,424)                    ‐                             9,745             FERC 535 ‐ Operation Supervision & Engineering Total ‐                                     ‐                                     4,424                        ‐                            ‐                4,424                   (4,424)                    ‐                              9,745               FERC 537 ‐ Hydraulic Expenses Hydraulic Expenses Bradley Battle Creek Diversion Bradley Battle Creek Diversion Total ‐                                     ‐                                    ‐                          ‐                          ‐              ‐                      ‐                         ‐                             ‐                 Battle Creek Operating Labor & Benefits ‐                                     ‐                                    1,251                      ‐                          ‐              1,251                 (1,251)                    ‐                             ‐                 Travel ‐                                     ‐                                    3                             ‐                          ‐              3                          (3)                            ‐                             ‐                 Contractual 81,000                              40,500                             240                         ‐                          ‐              240                      40,260                   66,000                       37,481           Supplies & Materials ‐                                     ‐                                    4                             ‐                          ‐              4                          (4)                            ‐                             ‐                 Administrative Costs ‐                                     ‐                                    ‐                          ‐                          ‐              ‐                      ‐                         ‐                             8,712             Indirect Costs ‐                                     ‐                                    1,761                      ‐                          ‐              1,761                 (1,761)                    ‐                             ‐                 Battle Creek Operating Total 81,000                              40,500                             3,259                      ‐                          ‐              3,259                 37,241                   66,000                       46,193           FERC 537 ‐ Hydraulic Expenses Total 81,000                              40,500                              3,259                        ‐                            ‐                3,259                   37,241                   66,000                        46,193             FERC 538 ‐ Electric Expenses Electric Expenses Battle Creek Operating Labor & Benefits ‐                                     ‐                                    4,031                      ‐                          ‐              4,031                 (4,031)                    ‐                             ‐                 Training ‐                                     ‐                                    311                         ‐                          ‐              311                      (311)                       ‐                             ‐                 Supplies & Materials ‐                                     ‐                                    0                             ‐                          ‐              0                          (0)                            ‐                             ‐                 Administrative Costs ‐                                     ‐                                    1,581                      ‐                          ‐              1,581                 (1,581)                    ‐                             25,026           Indirect Costs ‐                                     ‐                                    3,133                      ‐                          ‐              3,133                 (3,133)                    ‐                             ‐                 Battle Creek Operating Total ‐                                     ‐                                    9,055                      ‐                          ‐              9,055                 (9,055)                    ‐                             25,026           FERC 538 ‐ Electric Expenses Total ‐                                     ‐                                     9,055                        ‐                            ‐                9,055                   (9,055)                    ‐                              25,026             FERC 539 ‐ Misc. Hydraulic Power Generation Expenses Misc Hydro Power Exp Battle Creek Operating Labor & Benefits ‐                                     ‐                                    1,252                      ‐                          ‐              1,252                 (1,252)                    ‐                             ‐                 Contractual ‐                                     ‐                                    3,509                      ‐                          ‐              3,509                 (3,509)                    ‐                             ‐                 Supplies & Materials ‐                                     ‐                                    479                         ‐                          ‐              479                      (479)                       ‐                             ‐                 Other Costs ‐                                     ‐                                    714                         ‐                          ‐              714                      (714)                       ‐                             ‐                 Administrative Costs ‐                                     ‐                                    ‐                          ‐                          ‐              ‐                      ‐                         ‐                             21,052           Indirect Costs ‐                                     ‐                                    1,762                      ‐                          ‐              1,762                 (1,762)                    ‐                             ‐                 Battle Creek Operating Total ‐                                     ‐                                    7,715                      ‐                          ‐              7,715                 (7,715)                    ‐                             21,052           FERC 539 ‐ Misc. Hydraulic Power Generation Expenses Tot ‐                                     ‐                                     7,715                        ‐                            ‐                7,715                   (7,715)                    ‐                              21,052             FERC 541 ‐ Maintenance Supervision & Engineering Maint Supervision/Eng Battle Creek Operating Labor & Benefits ‐                                     ‐                                    1,868                      ‐                          ‐              1,868                 (1,868)                    ‐                             ‐                 Administrative Costs ‐                                     ‐                                    ‐                          ‐                          ‐              ‐                      ‐                         ‐                             9,493             Indirect Costs ‐                                     ‐                                    2,536                      ‐                          ‐              2,536                 (2,536)                    ‐                             ‐                 Battle Creek Operating Total ‐                                     ‐                                    4,405                      ‐                          ‐              4,405                 (4,405)                    ‐                             9,493             FERC 541 ‐ Maintenance Supervision & Engineering Total ‐                                     ‐                                     4,405                        ‐                            ‐                4,405                   (4,405)                    ‐                              9,493               FERC 542 ‐ Maintenance of Structures Maintenance of Structures Battle Creek Operating Labor & Benefits ‐                                     ‐                                    1,184                      ‐                          ‐              1,184                 (1,184)                    ‐                             ‐                 Contractual ‐                                     ‐                                    1,345                      ‐                          ‐              1,345                 (1,345)                    ‐                             ‐                 Supplies & Materials ‐                                     ‐                                    1,121                      ‐                          ‐              1,121                 (1,121)                    ‐                             ‐                 Equipment, Furniture and Machinery ‐                                     ‐                                    47                           ‐                          ‐              47                        (47)                         ‐                             ‐                 Administrative Costs ‐                                     ‐                                    282                         ‐                          ‐              282                      (282)                       ‐                             11,689           Indirect Costs ‐                                     ‐                                    1,385                      ‐                          ‐              1,385                 (1,385)                    ‐                             ‐                 Battle Creek Operating Total ‐                                     ‐                                    5,364                      ‐                          ‐              5,364                 (5,364)                    ‐                             11,689           FERC 542 ‐ Maintenance of Structures Total ‐                                     ‐                                     5,364                        ‐                            ‐                5,364                   (5,364)                    ‐                              11,689             FERC 543 ‐ Maintenance of Reservoirs, Dams & Waterways Maint Res, Dams, WWays Battle Creek Operating 11 of 17 FY 22 FY 21  FY22 Approved Budget   BUDGET %  07/01/2021  ‐ 12/31/2021  HEA Actual  CEA Actual  AEA Actual  Total Actual   (Over) Under  Budget to Date   FY21 Approved  Budget  FY21 Actual  Labor & Benefits ‐                                     ‐                                    9                             ‐                          ‐              9                          (9)                            ‐                             ‐                 Administrative Costs ‐                                     ‐                                    ‐                          ‐                          ‐              ‐                      ‐                         ‐                             55                   Indirect Costs ‐                                     ‐                                    7                             ‐                          ‐              7                          (7)                            ‐                             ‐                 Battle Creek Operating Total ‐                                     ‐                                    16                           ‐                          ‐              16                        (16)                         ‐                             55                   FERC 543 ‐ Maintenance of Reservoirs, Dams & Waterways ‐                                     ‐                                     16                             ‐                            ‐                16                         (16)                         ‐                              55                     FERC 544 ‐ Maintenance of Electric Plant Maintenance of Elec Plant Battle Creek Operating Labor & Benefits ‐                                     ‐                                    4,705                      ‐                          ‐              4,705                 (4,705)                    ‐                             ‐                 Travel ‐                                     ‐                                    1                             ‐                          ‐              1                          (1)                            ‐                             ‐                 Contractual ‐                                     ‐                                    1,668                      ‐                          ‐              1,668                 (1,668)                    ‐                             ‐                 Supplies & Materials ‐                                     ‐                                    577                         ‐                          ‐              577                      (577)                       ‐                             ‐                 Administrative Costs ‐                                     ‐                                    ‐                          ‐                          ‐              ‐                      ‐                         ‐                             31,974           Indirect Costs ‐                                     ‐                                    6,610                      ‐                          ‐              6,610                 (6,610)                    ‐                             ‐                 Battle Creek Operating Total ‐                                     ‐                                    13,562                   ‐                          ‐              13,562               (13,562)                  ‐                             31,974           FERC 544 ‐ Maintenance of Electric Plant Total ‐                                     ‐                                     13,562                     ‐                            ‐                13,562                 (13,562)                  ‐                              31,974             FERC 545 ‐ Maintenance of Misc. Hydraulic Plant Maint of Misc Hydr Plant Battle Creek Operating Labor & Benefits ‐                                     ‐                                    1,192                      ‐                          ‐              1,192                 (1,192)                    ‐                             ‐                 Supplies & Materials ‐                                     ‐                                    629                         ‐                          ‐              629                      (629)                       ‐                             ‐                 Administrative Costs ‐                                     ‐                                    ‐                          ‐                          ‐              ‐                      ‐                         ‐                             9,789             Indirect Costs ‐                                     ‐                                    1,672                      ‐                          ‐              1,672                 (1,672)                    ‐                             ‐                 Battle Creek Operating Total ‐                                     ‐                                    3,492                      ‐                          ‐              3,492                 (3,492)                    ‐                             9,789             FERC 545 ‐ Maintenance of Misc. Hydraulic Plant Total ‐                                     ‐                                     3,492                        ‐                            ‐                3,492                   (3,492)                    ‐                              9,789               FERC 556 ‐ System Control & Load Dispatching System Cntl & Load Disp Bradley Battle Creek Diversion Bradley Battle Creek Diversion Total ‐                                     ‐                                    ‐                          ‐                          ‐              ‐                      ‐                         ‐                             ‐                 Battle Creek Operating Labor & Benefits ‐                                     ‐                                    272                         ‐                          ‐              272                      (272)                       ‐                             ‐                 Contractual ‐                                     ‐                                    3,670                      ‐                          ‐              3,670                 (3,670)                    ‐                             ‐                 Supplies & Materials ‐                                     ‐                                    270                         ‐                          ‐              270                      (270)                       ‐                             ‐                 Administrative Costs ‐                                     ‐                                    ‐                          ‐                          ‐              ‐                      ‐                         ‐                             997                 Battle Creek Operating Total ‐                                     ‐                                    4,212                      ‐                          ‐              4,212                 (4,212)                    ‐                             997                  Snow Measurement Battle Creek Operating Administrative Costs ‐                                     ‐                                    ‐                          ‐                          ‐              ‐                      ‐                         ‐                             400                 Battle Creek Operating Total ‐                                     ‐                                    ‐                          ‐                          ‐              ‐                      ‐                         ‐                             400                  Seismic Service Battle Creek Operating Administrative Costs ‐                                     ‐                                    ‐                          ‐                          ‐              ‐                      ‐                         ‐                             2,392             Battle Creek Operating Total ‐                                     ‐                                    ‐                          ‐                          ‐              ‐                      ‐                         ‐                             2,392              Streamguaging Serv Bradley Battle Creek Diversion Contractual ‐                                     ‐                                    ‐                          ‐                          ‐              ‐                      ‐                         ‐                             11,250           Bradley Battle Creek Diversion Total ‐                                     ‐                                    ‐                          ‐                          ‐              ‐                      ‐                         ‐                             11,250           Battle Creek Operating Contractual 45,000                              22,500                             ‐                          ‐                          22,500       22,500               ‐                         45,000                       33,750           Administrative Costs ‐                                     ‐                                    ‐                          ‐                          ‐              ‐                      ‐                         ‐                             7,745             Battle Creek Operating Total 45,000                              22,500                             ‐                          ‐                          22,500       22,500               ‐                         45,000                       41,495           Permits Battle Creek Operating Administrative Costs ‐                                     ‐                                    ‐                          ‐                          ‐              ‐                      ‐                         ‐                             62                   Battle Creek Operating Total ‐                                     ‐                                    ‐                          ‐                          ‐              ‐                      ‐                         ‐                             62                   FERC 556 ‐ System Control & Load Dispatching Total 45,000                              22,500                              4,212                        ‐                            22,500         26,712                 (4,212)                    45,000                        56,596             FERC 562 ‐ Station Expenses Station Expenses Battle Creek Operating Labor & Benefits ‐                                     ‐                                    479                         ‐                          ‐              479                      (479)                       ‐                             ‐                 Contractual ‐                                     ‐                                    1,195                      ‐                          ‐              1,195                 (1,195)                    ‐                             ‐                 Supplies & Materials ‐                                     ‐                                    1,073                      ‐                          ‐              1,073                 (1,073)                    ‐                             ‐                 Administrative Costs ‐                                     ‐                                    ‐                          ‐                          ‐              ‐                      ‐                         ‐                             4,210             Battle Creek Operating Total ‐                                     ‐                                    2,746                      ‐                          ‐              2,746                 (2,746)                    ‐                             4,210             FERC 562 ‐ Station Expenses Total ‐                                     ‐                                     2,746                        ‐                            ‐                2,746                   (2,746)                    ‐                              4,210               FERC 571 ‐ Maintenance of Overhead Lines Maint of OH Lines Battle Creek Operating Administrative Costs ‐                                     ‐                                    ‐                          ‐                          ‐              ‐                      ‐                         ‐                             4,038             Battle Creek Operating Total ‐                                     ‐                                    ‐                          ‐                          ‐              ‐                      ‐                         ‐                             4,038             FERC 571 ‐ Maintenance of Overhead Lines Total ‐                                     ‐                                     ‐                            ‐                            ‐                ‐                       ‐                         ‐                              4,038               FERC 920 & 930 ‐ Administrative Expense AEA Bradley Fixed Admin Fees Bradley Battle Creek Diversion Bradley Battle Creek Diversion Total ‐                                     ‐                                    ‐                          ‐                          ‐              ‐                      ‐                         ‐                             ‐                 Battle Creek Operating Direct Purchases/Travel ‐                                     ‐                                    ‐                          ‐                          ‐              ‐                      ‐                         ‐                             574                 AIDEA Staff Professional Services (Direct) ‐                                     ‐                                    ‐                          ‐                          10,789       10,789               (10,789)                  ‐                             22,840           Administrative Costs 261,710                            130,855                           ‐                          ‐                          5,589          5,589                125,266                314,664                    33,197           Battle Creek Operating Total 261,710                            130,855                           ‐                          ‐                          16,378       16,378              114,477                314,664                    56,611           SHARED ‐ AEA Battle Creek Administrative Costs ‐                                     ‐                                    ‐                          ‐                          ‐              ‐                      ‐                         ‐                             32,641           SHARED ‐ AEA Battle Creek Total ‐                                     ‐                                    ‐                          ‐                          ‐              ‐                      ‐                         ‐                             32,641           Operating Committee Exp‐Audit Battle Creek Operating Administrative Costs ‐                                     ‐                                    ‐                          ‐                          ‐              ‐                      ‐                         ‐                             880                 Battle Creek Operating Total ‐                                     ‐                                    ‐                          ‐                          ‐              ‐                      ‐                         ‐                             880                 Operating Committee Exp‐Legal Bradley Battle Creek Diversion 12 of 17 FY 22 FY 21  FY22 Approved Budget   BUDGET %  07/01/2021  ‐ 12/31/2021  HEA Actual  CEA Actual  AEA Actual  Total Actual   (Over) Under  Budget to Date   FY21 Approved  Budget  FY21 Actual  Administrative Costs ‐                                     ‐                                    ‐                          ‐                          133             133                      (133)                       ‐                             219                 Bradley Battle Creek Diversion Total ‐                                     ‐                                    ‐                          ‐                          133             133                      (133)                       ‐                             219                 Battle Creek Operating Administrative Costs 5,000                                2,500                               ‐                          ‐                          (133)            (133)                   2,633                     30,000                       19,711           Battle Creek Operating Total 5,000                                2,500                               ‐                          ‐                          (133)            (133)                   2,633                     30,000                       19,711           Operat Committee Exp‐Arbitrage Bradley Battle Creek Diversion Bradley Battle Creek Diversion Total ‐                                     ‐                                    ‐                          ‐                          ‐              ‐                      ‐                         ‐                             ‐                 Battle Creek Operating Administrative Costs 2,000                                1,000                               ‐                          ‐                          ‐              ‐                      1,000                     2,000                         1,807             Battle Creek Operating Total 2,000                                1,000                               ‐                          ‐                          ‐              ‐                      1,000                     2,000                         1,807             Trust & Account Fees Bradley Battle Creek Diversion Bradley Battle Creek Diversion Total ‐                                     ‐                                    ‐                          ‐                          ‐              ‐                      ‐                         ‐                             ‐                 Battle Creek Operating Administrative Costs 4,800                                2,400                               ‐                          ‐                          ‐              ‐                      2,400                     8,800                         8,077             Battle Creek Operating Total 4,800                                2,400                               ‐                          ‐                          ‐              ‐                      2,400                     8,800                         8,077             Misc Admin Bradley Battle Creek Diversion Bradley Battle Creek Diversion Total ‐                                     ‐                                    ‐                          ‐                          ‐              ‐                      ‐                         ‐                             ‐                 Battle Creek Operating Direct Purchases/Travel ‐                                     ‐                                    ‐                          ‐                          ‐              ‐                      ‐                         ‐                             1,600             Administrative Costs 100                                    50                                     ‐                          ‐                          ‐              ‐                      50                           100                            24,922           Battle Creek Operating Total 100                                    50                                     ‐                          ‐                          ‐              ‐                      50                           100                            26,522           Professional consultants Bradley Battle Creek Diversion Bradley Battle Creek Diversion Total ‐                                     ‐                                    ‐                          ‐                          ‐              ‐                      ‐                         ‐                             ‐                 Battle Creek Operating Administrative Costs ‐                                     ‐                                    ‐                          ‐                          ‐              ‐                      ‐                         81,150                       57,963           Battle Creek Operating Total ‐                                     ‐                                    ‐                          ‐                          ‐              ‐                      ‐                         81,150                       57,963           FERC 920 & 930 ‐ Administrative Expense Total 273,610                            136,805                            ‐                            ‐                            16,378         16,378                120,427                436,714                    204,431           FERC 924 & 925 ‐ Insurance Premiums Insurance Premiums Battle Creek Operating Administrative Costs ‐                                     ‐                                    497                         ‐                          ‐              497                      (497)                       ‐                             28,339           Battle Creek Operating Total ‐                                     ‐                                    497                         ‐                          ‐              497                      (497)                       ‐                             28,339           FERC 924 & 925 ‐ Insurance Premiums Total ‐                                     ‐                                     497                           ‐                            ‐                497                       (497)                       ‐                              28,339             FERC 928 ‐ Regulatory Commission Expenses FERC Admin Fees Battle Creek Operating Administrative Costs ‐                                     ‐                                    ‐                          ‐                          ‐              ‐                      ‐                         ‐                             6,503             Battle Creek Operating Total ‐                                     ‐                                    ‐                          ‐                          ‐              ‐                      ‐                         ‐                             6,503             FERC Related Prof Services Battle Creek Operating Administrative Costs ‐                                     ‐                                    ‐                          ‐                          ‐              ‐                      ‐                         ‐                             6,567             Battle Creek Operating Total ‐                                     ‐                                    ‐                          ‐                          ‐              ‐                      ‐                         ‐                             6,567             FERC 928 ‐ Regulatory Commission Expenses Total ‐                                     ‐                                     ‐                            ‐                            ‐                ‐                       ‐                         ‐                              13,070             Total Bradley Lake Budget 399,610                            199,805                           58,747                   ‐                          38,878       97,626              102,179                547,714                   475,700         13 of 17 ALASKA ENERGY AUTHORITY BRADLEY LAKE SQ LINE FY2021 FY2022 FY2022 FY 2022 2nd QUARTER REPORT ACTUALS Amend 4 ACTUALS BUDGET Actuals ACTUALS REVENUES, EXPENSES & CHANGES IN SURPLUS REVENUES UTILITY CONTRIBUTIONS 68,209 2,250,511 360,755 INTEREST INCOME - - 134 OTHER AVAILABLE FUNDS-CAPITAL RESERVE TRANSFER - 9,893,771 1,559,492 68,209 12,144,282 1,920,381 EXPENSES SQ LINE OPERATIONS & MAINTENANCE- Sch I 19,053 444,523 60,563 RENEWALS/REPLACE (R&C) PAYMENTS-Sch D - - - NON R&C CAPITAL PURCHASES -Sch H 49,156 750,000 145,561 TRANSFERS TO(FROM)OPERATING RESERVE - 54,905 54,905 DEBT SERVICE - 12,454,346 941,945 IRS SUBSIDY - - - CAPITAL RESERVE CONTRIBUTION - - TRANSFER TO ARBITRAGE - - - 68,209 13,703,774 1,202,973 CURRENT YEAR SURPLUS(DEFICIT) - - 717,407 COMMITTED CY EXP & DEBT SVC - - (717,407) ENDING SURPLUS (DEFICIT) - 1,559,492 - BALANCE SHEET ASSETS REVENUE FUND - 498,651 OPERATING FUND 170,000 - 528,427 DUE FROM CAPITAL RESERVE FUND - - DUE FROM R&C - PREPAID - - - 170,000 - 1,027,078 LIABILITIES & SURPLUS CURRENT LIABILITIES - 139,671 UNEARNED REVENUE - DUE TO OP RESERVE DUE TO BRADLEY REVENUE FUND 170,000 170,000 COMMITTED CY EXP & DEBT SVC - - 717,407 - - - 170,000 - 1,027,078 - OTHER INFORMATION OPERATING RESERVE 88,905 79,922 *Required to be 20% of budgeted operating expense PAYABLE TO UTILITIES O&M PAYABLE TO UTILITIES R&C 14 of 17 ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT Schedule H Expenses for the period 07/01/21 to 12/31/21 FY20 FY21 FY22 FY22 Actuals Actuals Budget Actual SQ Line Access Documentation 3,127 137,849 SSQ Line Due Diligence Inspect/Repair O/S Fire ZNE 2,101 SQ Line Acquisition Costs 46,029 264 SSQ Line ‐ 69kV Remediation 3,800 SQ Soldotna-Qtz Ck 230kV Construction 750,000 1,548 HIDE THIS ROW Total Non R&C Capital Purchases - 49,156 750,000 145,561 Capital Project Description 15 of 17 ALASKA ENERGY AUTHORITY SSQ LINE OPERATIONS & MAINTENANCE SCHEDULE I BUDGET TO ACTUAL EXPENSES FOR THE PERIOD 07/01/2021 THROUGH 12/31/2021 FY 22 FY 21  FY22  Approved  Budget  BUDGET %   07/01/2021  ‐  12/31/2021   HEA  Actual   CEA  Actual   AEA  Actual   Total  Actual   (Over)  Under  Budget to  Date   FY21  Approved  Budget   FY21  Actual  Summary by expense type AIDEA Staff Professional Services (Direct) ‐           ‐                ‐          ‐          7,111     7,111     (7,111)      ‐               8,607       Labor & Benefits 85,820    42,910          2,265     ‐          ‐          2,265     40,645     32,500          ‐           Travel ‐           ‐                404         ‐          ‐          404         (404)         ‐               ‐           Contractual 250,000  125,000        25,000   ‐          10,883   35,883   89,117     110,000       ‐           Permitting ‐           ‐                ‐          ‐          ‐          ‐          ‐            ‐               ‐           Supplies & Materials 56,992    28,496          1,561     ‐          ‐          1,561     26,935     7,500            ‐           Other Costs 7,711      3,856            ‐          ‐          1,250     1,250     2,606       ‐               ‐           Administrative Costs 44,000    22,000          ‐          ‐          12,089   12,089   9,911       20,000          10,446     444,523   222,262    29,230   ‐          31,333   60,563   161,699   170,000       19,053     FERC 540 ‐ Rents FERC Land Use Fee SSQ Line Operating Other Costs ‐            ‐              ‐          ‐          1,250     1,250     (1,250)      ‐               ‐           SSQ Line Operating Total ‐            ‐              ‐          ‐          1,250     1,250     (1,250)      ‐               ‐           FERC 540 ‐ Rents Total ‐            ‐               ‐            ‐            1,250       1,250       (1,250)      ‐                ‐             FERC 556 ‐ System Control & Load Dispatching Permits SSQ Line Operating SSQ Line Operating Total ‐            ‐              ‐          ‐          ‐          ‐          ‐            ‐               ‐           FERC 556 ‐ System Control & Load Dispatching Total ‐            ‐               ‐            ‐            ‐            ‐            ‐            ‐                ‐             FERC 571 ‐ Maintenance of Overhead Lines Maint of OH Lines SSQ Line Operating Labor & Benefits 85,820     42,910       2,265     ‐          ‐          2,265     40,645     32,500          ‐           Travel ‐            ‐              404         ‐          ‐          404         (404)         ‐               ‐           Contractual 250,000   125,000     25,000   ‐          10,883   35,883   89,117     110,000       ‐           Supplies & Materials 56,992     28,496       1,561     ‐          ‐          1,561     26,935     7,500            ‐           Other Costs 7,711       3,856         ‐          ‐          ‐          ‐          3,856       ‐               ‐           SSQ Line Operating Total 400,523   200,262     29,230   ‐          10,883   40,113   160,149   150,000       ‐           FERC 571 ‐ Maintenance of Overhead Lines Total 400,523   200,262      29,230     ‐            10,883     40,113     160,149   150,000       ‐             FERC 920 & 930 ‐ Administrative Expense AEA Bradley Fixed Admin Fees SSQ Capital Acquisition SSQ Capital Acquisition Total ‐            ‐              ‐          ‐          ‐          ‐          ‐            ‐               ‐           SSQ Line Operating AIDEA Staff Professional Services (Direct) ‐            ‐              ‐          ‐          7,111     7,111     (7,111)      ‐               8,607       Administrative Costs 42,000     21,000       ‐          ‐          12,089   12,089   8,911       20,000          1,587       SSQ Line Operating Total 42,000     21,000       ‐          ‐          19,200   19,200   1,800       20,000          10,194     SHARED ‐ AEA Bradley Lake Administrative Costs ‐            ‐              ‐          ‐          ‐          ‐          ‐            ‐               5,487       SHARED ‐ AEA Bradley Lake Total ‐            ‐              ‐          ‐          ‐          ‐          ‐            ‐               5,487       Operating Committee Exp‐Legal SSQ Line Operating Administrative Costs ‐            ‐              ‐          ‐          ‐          ‐          ‐            ‐               3,316       SSQ Line Operating Total ‐            ‐              ‐          ‐          ‐          ‐          ‐            ‐               3,316       Trust & Account Fees SSQ Line Operating Administrative Costs 2,000       1,000         ‐          ‐          ‐          ‐          1,000       ‐               ‐           SSQ Line Operating Total 2,000       1,000         ‐          ‐          ‐          ‐          1,000       ‐               ‐           FERC 920 & 930 ‐ Administrative Expense Total 44,000     22,000         ‐            ‐            19,200     19,200     2,800       20,000         18,997       FERC 924 & 925 ‐ Insurance Premiums Insurance Premiums SSQ Line Operating 16 of 17 FY 22 FY 21  FY22  Approved  Budget  BUDGET %   07/01/2021  ‐  12/31/2021   HEA  Actual   CEA  Actual   AEA  Actual   Total  Actual   (Over)  Under  Budget to  Date   FY21  Approved  Budget   FY21  Actual  Administrative Costs ‐            ‐              ‐          ‐          ‐          ‐          ‐            ‐               56             SSQ Line Operating Total ‐            ‐              ‐          ‐          ‐          ‐          ‐            ‐               56             FERC 924 & 925 ‐ Insurance Premiums Total ‐            ‐               ‐            ‐            ‐            ‐            ‐            ‐                56               FERC 928 ‐ Regulatory Commission Expenses FERC Admin Fees SSQ Line Operating SSQ Line Operating Total ‐            ‐              ‐          ‐          ‐          ‐          ‐            ‐               ‐           FERC 928 ‐ Regulatory Commission Expenses Total ‐            ‐               ‐            ‐            ‐            ‐            ‐            ‐                ‐             Total Bradley Lake Budget 444,523   222,262    29,230   ‐          31,333   60,563   161,699   170,000       19,053     17 of 17