Loading...
HomeMy WebLinkAbout2022-05-20 BPMC Agenda and docsBRADLEY LAKE PROJECT MANAGEMENT COMMITTEE REGULAR MEETING AGENDA -REVISED Friday, May 20, 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 – March 25, 2022 and April 28,2022 7. EXECUTIVE SESSION – (Bylaws Section 5.11.4) – To discuss confidential financial matters the immediate knowledge of which may have an adverse effect on the Authority or the Project. 8. NEW BUSINESS A. FY22 Budget Amendment B. FY23 Budget Amendment 9. OLD BUSINESS A. Required Project Work i. Resolution 22-04 –Development of Required Work Projects ii. Special Committee on Required Project Work Brad Janorschke iii. Bond Financing Update Sherri Highers iv. Railbelt Regional Coordination Update Brian Hickey B. Resolution 22-06 – Battle Creek Diversion Project Callback Acceptance 10. OPERATORS REPORT HEA 11. COMMITTEE REPORTS A. Budget to Actual Budget Subcommittee B. O& D Report Russell Thornton 12. COMMITTEE ASSIGNMENTS 13. MEMBERS COMMENTS 14. NEXT MEETING DATE – June 24, 2022 15. ADJOURNMENT ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT FY2022 PROPOSED BUDGET - AMEND 5 DATE: May 20, 2022 ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT 2022 Budget Contents Schedule Description Page # Summary FY22 Proposed Budget Summary 3 Schedule A Bradley Lake Capital Purchases (not funded by R&C) 4 Schedule B Bradley Lake Operations & Maintenance Budget 5 - 11 Schedule C Bradley Lake Monthly Utility Contributions 12 Schedule D R&C Fund Disbursements and Repayments 13 Schedule E Battle Creek Capital Purchases (not funded by R&C) 14 Schedule F Battle Creek Operations & Maintenance Budget 15 - 16 Schedule G Battle Creek Monthly Utility Contributions 17 Schedule H SSQ Line Capital Purchases (not funded by R&C) 18 Schedule I SSQ Line Operations & Maintenance Budget 19 Schedule J SSQ Line Monthly Utility Contributions 20 ` Page 2 of 20 ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT Budget Summary A B C D E F G H FY2021 FY2022 FY2022 FY2022 FY2022 Inc(Dec) From FY2019 FY2020 Amended Amend 1 Amend 2 Amend 3 Amend 4 FY21 Amended Bradley Lake (excluding Battle Creek & SSQ Line shown below)Actuals Actuals Budget Budget Budget Budget Budget Budget Revenues, Expenses & Changes in surplus Revenues Utility Contributions (sch C) 18,132,905 18,507,495 16,403,421 10,553,726 11,173,459 11,173,459 7,970,884 (5,229,962) Other Miscellaneous-R&C Fund Cash Call 2,501 - 1,799,000 - - - - (1,799,000) Interest Income 1,946,023 1,887,786 750,000 500 500 500 903,500 (749,500) Other Available Funds - - 1,325,513 9,893,771 9,893,771 9,893,771 0 8,568,259 20,081,429 20,395,281 20,277,934 20,447,997 21,067,730 21,067,730 8,874,384 789,796 Expenses Operations & Maintenance (sch B) 4,019,975 4,773,126 5,798,702 5,947,908 6,464,352 6,464,352 6,494,352 665,650 Renewals/Replacements (R&C Fund Repayments) (sch D) 2,774,832 2,278,302 1,184,753 1,256,902 1,256,902 1,256,902 1,331,902 72,149 Renewals/Replacements (R&C Fund Cash Call) (sch D) - - 750,000 - - - - (750,000) Non R&C Capital Purchases (sch A-1) 37,738 283,425 652,000 759,000 759,000 759,000 909,000 107,000 Transfer To(From) Operating Reserve 38,816 112,715 84,752 29,841 133,130 133,130 139,130 48,378 Debt Service 12,778,588 12,778,775 11,453,263 - - - - (11,453,263) Arbitrage Transfer 431,480 168,938 354,464 0 - - - (354,464) Excess Payment Agreement - - - 12,454,346 12,454,346 12,454,346 0 12,454,346 20,081,429 20,395,281 20,277,934 20,447,997 21,067,730 21,067,730 8,874,384 789,796 Surplus (Deficit) 0 0 0 0 0 0 0 Other Project Costs - Battle Creek Revenues, Expenses & Changes in surplus Revenues - Battle Creek Utility Contributions (sch G) 1,319,734 1,967,642 6,013,048 3,564,453 3,564,453 3,564,453 3,564,453 (2,448,595) Other Miscellaneous-R&C Fund Cash Call - - - - - - - 0 Interest Income 67,492 47,620 - - - - - 0 Capital Reserve Contributions - - - - - - - 0 Other Available Funds - - - - - - - 0 1,387,226 2,015,262 6,013,048 3,564,453 3,564,453 3,564,453 3,564,453 (2,448,595) Expenses - Battle Creek Battle Creek Operations & Maintenance (sch F) 527,723 580,606 547,714 399,610 399,610 399,610 399,610 (148,104) Renewals/Replacements (R&C Fund Repayments) (sch D) - - 1,104,000 1,104,000 1,104,000 1,104,000 1,104,000 0 Renewals/Replacements (R&C Fund Cash Call) (sch D) - - - - - - - 0 Capital Purchases (sch E) - - - - - - - 0 Capital Purchases - Revenue Fund (sch E) 149,941 822,327 320,000 115,000 115,000 115,000 115,000 (205,000) Transfer To(From) Operating Reserve 82,038 (11,713)30,926 (29,621) (29,621) (29,621) (29,621) (60,547) Debt Service 1,748,534 1,753,324 3,518,317 3,064,883 3,064,883 3,064,883 3,064,883 (453,434) IRS Subsidy (1,121,010) (1,129,282)- (1,089,419) (1,089,419) (1,089,419) (1,089,419) (1,089,419) Cost of Issuance 9th Series - - - - - - - 0 Capital Reserve Contribution - - 492,091 - - - - (492,091) 1,387,226 2,015,262 6,013,048 3,564,453 3,564,453 3,564,453 3,564,453 (2,448,595) Surplus (Deficit) 0 0 0 0 0 0 0 Other Project Costs - SSQ Line Revenues, Expenses & Changes in surplus Revenues - SSQ Line Utility Contributions (sch J) - - 360,000 499,428 499,428 1,249,428 2,250,511 139,428 Other Miscellaneous-R&C Fund Cash Call - - - - - - 9,893,771 0 Capital Reserve Contributions - - - - - - - 0 Other Available Funds - - - 1,559,492 1,559,492 1,559,492 1,559,492 1,559,492 - - 360,000 2,058,920 2,058,920 2,808,920 13,703,774 1,698,920 Expenses - SSQ Line SSQ Line Operations & Maintenance (sch I) - - 170,000 444,523 444,523 444,523 444,523 274,523 Renewals/Replacements (R&C Fund Repayments) (sch D) - - - 0 0 0 - 0 Renewals/Replacements (R&C Fund Cash Call) (sch D) - - - 0 0 0 - 0 Capital Purchases (sch H) - - 190,000 0 0 750,000 750,000 (190,000) Transfer To(From) Operating Reserve - - - 54,905 54,905 54,905 54,905 54,905 Debt Service - - - 1,559,492 1,559,492 1,559,492 12,454,346 1,559,492 Capital Reserve Contribution - - - 0 0 0 - 0 - - 360,000 2,058,920 2,058,920 2,808,920 13,703,774 1,698,920 Surplus (Deficit) 0 0 0 0 0 0 0 0 Other Information Operating Reserve * 957,494 1,070,208 1,159,740 1,189,582 1,292,870 1,292,870 1,298,870 Operating Reserve - Battle Creek* 90,798 79,085 109,543 79,922 79,922 79,922 79,922 Operating Reserve - SSQ Line* 34,000 88,905 88,905 88,905 88,905 Monthly Contributions 1,511,075 1,632,040 1,366,952 879,477 931,122 931,122 664,240 Monthly Contributions Battle Creek 109,978 242,670 501,087 297,038 297,038 297,038 297,038 Monthly Contributions SSQ Line 30,000 41,619 41,619 104,119 187,543 *Required to be 20% of budgeted operating expense Page 3 of 20 ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT Capital Purchases (not funded by R&C Fund) Schedule A FY19 FY20 FY21 FY22 FY22 FY22 FY22 Amended Amend 1 Amend 2 Amend 3 Amend 4 Actuals Actuals Budget Budget Budget Budget Budget Upgrade Crews Quarters\Residence Kitchen - - 139,000 139,000 139,000 139,000 Replace dump truck and sander - - 170,000 20,000 20,000 20,000 20,000 IRIS Air gap monitoring system (computer) - 41,720 45,000 45,000 45,000 45,000 45,000 Heavy Duty trailer for equipment - - 20,000 20,000 20,000 20,000 ABB Replace GIS Actuators 240,000 240,000 240,000 240,000 Replacement pickup truck 45,000 45,000 45,000 45,000 Needle Valve rebuild 150,000 150,000 150,000 150,000 Start New Servo Design 100,000 100,000 100,000 100,000 Soldotna SVC Battery Replacement - - - 70,000 Battle Creek Bridge Repair - - - 80,000 Total Non R&C Capital Purchases 37,738 283,425 462,000 759,000 759,000 759,000 909,000 Capital Project Description Page 4 of 20 ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT Bradley Lake Operations and Maintenance Budget Schedule B HEA 3,145,798 2,436,506 709,292 3,822,764 3,020,964 801,799 4,066,378 4,112,706 4,112,706 4,112,706 4,142,706 46,328 CEA 183,491 168,393 15,098 109,547 155,656 (46,109) 101,785 134,161 134,161 134,161 134,161 32,377 AEA 1,458,178 1,415,076 43,102 1,418,731 1,596,506 (177,775) 1,641,784 1,891,750 2,408,194 2,408,194 2,408,194 766,410 BC - - - - - - (181,245) (190,710) (190,710) (190,710) (190,710) (9,465) 4,787,467 4,019,975 767,492 5,351,042 4,773,126 577,915 5,628,702 5,947,908 6,464,352 6,464,352 6,494,352 835,650 - - - - - - - - - FY19 FY20 FY21 FY22 FY22 FY22 FY22 FY19 Amended Budget Actual (Over) Under Budget to date FY20 Amended Budget Actual (Over) Under Budget to date FY21 Amended Budget FY22 Amend 1 Budget FY22 Amend 2 Budget FY22 Amend 3 Budget FY22 Amend 4 Budget Increase (Decrease) From PY Summary by cost type Labor & Benefits 1,572,497 1,307,518 264,979 1,219,935 1,011,432 208,503 1,257,590 1,307,994 1,307,994 1,307,994 1,307,994 50,405 Indirect Costs 583,803 579,114 4,689 1,383,388 1,251,241 132,147 1,486,285 1,486,285 1,486,285 1,486,285 1,486,285 0 Travel 33,950 28,380 5,570 45,950 10,512 35,438 44,950 38,450 38,450 38,450 38,450 (6,500) Training 49,300 20,956 28,344 49,300 14,875 34,425 49,300 49,300 49,300 49,300 49,300 - Contractual 1,033,216 633,893 399,323 869,842 655,575 214,267 903,340 1,044,525 1,044,525 1,044,525 1,044,525 141,185 Supplies & Materials 204,345 156,339 48,006 346,345 262,370 83,975 389,345 429,345 429,345 429,345 429,345 40,000 Other Costs 69,818 31,293 38,525 67,818 65,648 2,170 70,818 67,318 67,318 67,318 97,318 (3,500) Equipment, Furniture and Machinery 7,000 6,879 121 176,000 127,535 48,465 170,000 73,000 73,000 73,000 73,000 (97,000) Maintenance Projects - 44,926 (44,926) - 314 (314) - - - - - - Administrative Costs 1,233,537 1,210,677 22,860 1,192,464 1,373,624 (181,160) 1,438,319 1,642,400 2,158,844 2,158,844 2,158,844 720,525 Battle Creek O&M - - - - - - (181,245) (190,710) (190,710) (190,710) (190,710) (9,465) 4,787,467 4,019,975 767,492 5,351,042 4,773,126 577,915 5,628,702 5,947,908 6,464,352 6,464,352 6,494,352 835,650 Bradley Lake O&M 4% charge to Battle Creek Battle Creek O&M - - - - - - (181,245) (190,710) (190,710) (190,710) (190,710) BC (9,465) Bradley Lake O&M 4% charge to Battle Creek FERC 535 - Operation Supervision & Engineering Operations Sup/Eng Bradley Lake Operating Labor & Benefits 189,074 182,059 7,015 107,453 89,713 17,740 107,453 107,604 107,604 107,604 107,604 151 Indirect Costs 77,849 74,535 3,314 155,698 128,545 27,153 155,698 155,698 155,698 155,698 155,698 - Travel 10,450 13,462 (3,012) 10,450 246 10,204 10,450 10,450 10,450 10,450 10,450 - Training 9,300 4,305 4,995 9,300 991 8,309 9,300 9,300 9,300 9,300 9,300 - Contractual 1,000 257 743 1,000 173 827 11,000 11,000 11,000 11,000 11,000 - Supplies & Materials 4,000 2,688 1,312 4,000 3,698 302 4,000 4,000 4,000 4,000 4,000 - Bradley Lake Operating Total 291,673 277,306 14,367 287,901 223,366 64,536 297,901 298,053 298,053 298,053 298,053 151 FERC 535 - Operation Supervision & Engineering Total 291,673 277,306 14,367 287,901 223,366 64,536 297,901 298,053 298,053 298,053 298,053 HEA 151 Page 5 of 20 FY19 FY20 FY21 FY22 FY22 FY22 FY22 FY19 Amended Budget Actual (Over) Under Budget to date FY20 Amended Budget Actual (Over) Under Budget to date FY21 Amended Budget FY22 Amend 1 Budget FY22 Amend 2 Budget FY22 Amend 3 Budget FY22 Amend 4 Budget Increase (Decrease) From PY FERC 537 - Hydraulic Expenses Hydraulic Expenses Bradley Lake Operating Labor & Benefits 88,714 71,767 16,947 84,081 67,694 16,387 84,192 84,192 84,192 84,192 84,192 - Indirect Costs 41,515 42,543 (1,028) 107,519 98,886 8,633 114,320 114,320 114,320 114,320 114,320 - Travel - - - 10,000 - 10,000 10,000 8,000 8,000 8,000 8,000 (2,000) Contractual 2,000 11,524 (9,524) 22,000 - 22,000 22,000 73,000 73,000 73,000 73,000 51,000 Supplies & Materials 2,000 2,636 (636) 19,000 9,806 9,194 59,000 16,000 16,000 16,000 16,000 (43,000) Equipment, Furniture and Machinery - - - 81,000 13,368 67,632 32,000 39,000 39,000 39,000 39,000 7,000 Bradley Lake Operating Total 134,230 128,470 5,760 323,600 189,754 133,846 321,512 334,512 334,512 334,512 334,512 13,000 FERC 537 - Hydraulic Expenses Total 134,230 128,470 5,760 323,600 189,754 133,846 321,512 334,512 334,512 334,512 334,512 HEA 13,000 FERC 538 - Electric Expenses Electric Expenses Bradley Lake Operating Labor & Benefits 224,811 209,646 15,165 208,745 210,745 (2,000) 218,044 218,044 218,044 218,044 218,044 0 Indirect Costs 102,222 110,544 (8,322) 242,067 257,551 (15,484) 262,004 262,004 262,004 262,004 262,004 (0) Travel 7,000 4,890 2,110 7,000 3,140 3,860 7,000 7,000 7,000 7,000 7,000 - Training 25,000 12,406 12,594 25,000 13,884 11,116 25,000 25,000 25,000 25,000 25,000 - Contractual 2,000 - 2,000 7,000 2,587 4,413 2,000 5,000 5,000 5,000 5,000 3,000 Supplies & Materials 9,732 4,503 5,229 50,732 14,111 36,621 41,732 42,732 42,732 42,732 42,732 1,000 Equipment, Furniture and Machinery - - - 63,000 91,512 (28,512) 73,000 11,000 11,000 11,000 11,000 (62,000) Other Costs - 5,000 - - - - (5,000) Bradley Lake Operating Total 370,765 341,989 28,776 603,544 593,530 10,014 633,780 570,780 570,780 570,780 570,780 (63,000) FERC 538 - Electric Expenses Total 370,765 341,989 28,776 603,544 593,530 10,014 633,780 570,780 570,780 570,780 570,780 HEA (63,000) FERC 539 - Misc. Hydraulic Power Generation Expenses Misc Hydro Power Exp Bradley Lake Operating Labor & Benefits 168,044 116,910 51,134 104,936 70,195 34,741 105,047 104,788 104,788 104,788 104,788 (258) Indirect Costs 41,515 42,396 (881) 107,519 98,544 8,975 114,320 114,320 114,320 114,320 114,320 0 Training 15,000 4,245 10,755 15,000 - 15,000 15,000 15,000 15,000 15,000 15,000 - Contractual 287,525 147,555 139,970 287,525 185,822 101,703 287,525 287,525 287,525 287,525 287,525 - Supplies & Materials 17,900 31,565 (13,665) 17,900 31,569 (13,669) 17,900 17,900 17,900 17,900 17,900 - Bradley Lake Operating Total 529,984 342,671 187,313 532,879 386,130 146,749 539,791 539,533 539,533 539,533 539,533 HEA (258) BRADLEY CIRCUITS/RADIO TO BERNICE LK Other Costs 35,695 35,696 (1) 35,695 35,696 (1) 35,695 35,695 35,695 35,695 35,695 - BRADLEY CIRCUITS/RADIO TO BERNICE LK Total 35,695 35,696 (1) 35,695 35,696 (1) 35,695 35,695 35,695 35,695 35,695 HEA - BRADLEY CIRCUITS BERNICE LK TO ANCH Other Costs 29,773 29,524 249 29,773 29,194 579 29,773 29,773 29,773 29,773 29,773 - BRADLEY CIRCUITS BERNICE LK TO ANCH Total 29,773 29,524 249 29,773 29,194 579 29,773 29,773 29,773 29,773 29,773 CEA - FERC 539 - Misc. Hydraulic Power Generation Expenses Total 595,452 407,891 187,561 598,347 451,020 147,327 605,259 605,001 605,001 605,001 605,001 (258) Page 6 of 20 FY19 FY20 FY21 FY22 FY22 FY22 FY22 FY19 Amended Budget Actual (Over) Under Budget to date FY20 Amended Budget Actual (Over) Under Budget to date FY21 Amended Budget FY22 Amend 1 Budget FY22 Amend 2 Budget FY22 Amend 3 Budget FY22 Amend 4 Budget Increase (Decrease) From PY FERC 540 - Rents FERC Land Use Fee Bradley Lake Operating Other Costs - (35,289) 35,289 - - - - - - - - - Bradley Lake Operating Total - (35,289) 35,289 - - - - - - - - - FERC 540 - Rents Total - (35,289) 35,289 - - - - - - - - AEA - FERC 541 - Maintenance Supervision & Engineering Maint Supervision/Eng Bradley Lake Operating Labor & Benefits 195,817 181,894 13,923 114,456 84,904 29,552 114,456 114,758 114,758 114,758 114,758 302 Indirect Costs 77,849 74,373 3,476 155,698 121,096 34,602 155,698 155,698 155,698 155,698 155,698 - Bradley Lake Operating Total 273,666 256,267 17,399 270,154 206,000 64,154 270,154 270,456 270,456 270,456 270,456 302 - FERC 541 - Maintenance Supervision & Engineering Total 273,666 256,267 17,399 270,154 206,000 64,154 270,154 270,456 270,456 270,456 270,456 HEA 302 FERC 542 - Maintenance of Structures Maintenance of Structures Bradley Lake Operating Labor & Benefits 85,438 67,934 17,504 76,499 62,612 13,887 77,639 77,639 77,639 77,639 77,639 0 Indirect Costs 37,066 37,809 (743) 97,823 91,244 6,579 105,421 105,421 105,421 105,421 105,421 (0) Contractual 10,000 - 10,000 91,000 3,682 87,318 59,000 89,000 89,000 89,000 89,000 30,000 Supplies & Materials 53,713 46,903 6,810 88,713 39,489 49,224 100,713 243,713 243,713 243,713 243,713 143,000 Equipment, Furniture and Machinery 7,000 6,879 121 32,000 22,552 9,448 52,000 23,000 23,000 23,000 23,000 (29,000) Maintenance Projects - - - - - - - - - - - - Bradley Lake Operating Total 193,217 159,525 33,692 386,035 219,579 166,456 394,773 538,773 538,773 538,773 538,773 144,000 BRADLEY UPGRADE CREWS QUARTERS/RESIDENCE KITCHEN Contractual 165,000 - - - - - - - - - - - BRADLEY UPGRADE CREWS QUARTERS/RESIDENCE KITCHEN 165,000 - - - - - - - - - - - FERC 542 - Maintenance of Structures Total 358,217 159,525 198,692 386,035 219,579 166,456 394,773 538,773 538,773 538,773 538,773 HEA 144,000 FERC 543 - Maintenance of Reservoirs, Dams & Waterways Maint Res, Dams, WWays Bradley Lake Operating Labor & Benefits 45,552 4,723 40,829 45,080 1,335 43,745 40,744 40,744 40,744 40,744 40,744 0 Indirect Costs 19,932 87 19,845 56,322 1,693 54,629 56,689 56,689 56,689 56,689 56,689 (0) Travel 5,000 5,000 5,000 5,000 5,000 - Contractual 6,500 7,600 (1,100) 6,500 - 6,500 6,500 6,500 6,500 6,500 6,500 - Supplies & Materials 15,000 15,000 15,000 15,000 15,000 - Bradley Lake Operating Total 71,984 12,410 59,574 107,902 3,028 104,874 123,933 123,933 123,933 123,933 123,933 - BRADLEY NUKA REPAIR Contractual 15,000 - 15,000 - - - - - - - - - Supplies & Materials - - - - - - - - - - - - Equipment, Furniture and Machinery - - - - - - - - - - - - BRADLEY NUKA REPAIR Total 15,000 - 15,000 - - - - - - - - - BRADLEY POWER TUNNEL MAINT (Dam) Contractual 15,000 - 15,000 15,000 - 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 15,000 15,000 15,000 - - FERC 543 - Maintenance of Reservoirs, Dams & Waterways Total 101,984 12,410 89,574 122,902 3,028 119,874 138,933 138,933 138,933 138,933 138,933 HEA - Page 7 of 20 FY19 FY20 FY21 FY22 FY22 FY22 FY22 FY19 Amended Budget Actual (Over) Under Budget to date FY20 Amended Budget Actual (Over) Under Budget to date FY21 Amended Budget FY22 Amend 1 Budget FY22 Amend 2 Budget FY22 Amend 3 Budget FY22 Amend 4 Budget Increase (Decrease) From PY FERC 544 - Maintenance of Electric Plant Maintenance of Elec Plant Bradley Lake Operating Labor & Benefits 342,265 285,366 56,899 273,620 249,706 23,914 309,110 309,110 309,110 309,110 309,110 - Indirect Costs 148,789 156,963 (8,174) 368,424 362,402 6,022 423,178 423,178 423,178 423,178 423,178 - Travel 4,500 216 4,284 4,500 - 4,500 4,500 4,500 4,500 4,500 4,500 - Contractual 70,000 69,475 525 49,000 19,661 29,339 86,000 49,000 49,000 49,000 49,000 (37,000) Supplies & Materials 20,000 16,571 3,429 70,000 66,370 3,630 38,000 30,000 30,000 30,000 30,000 (8,000) Maintenance Projects - 44,926 (44,926) - - - - - - - - - Bradley Lake Operating Total 585,554 573,517 12,037 765,544 698,139 67,405 860,788 815,788 815,788 815,788 815,788 (45,000) BRADLEY HIGH BAY LIGHTS - Supplies & Materials 30,000 - 30,000 - - - - - - - - - BRADLEY HIGH BAY LIGHTS Total 30,000 - 30,000 - - - - - - - - - FERC 544 - Maintenance of Electric Plant Total 615,554 573,517 42,037 765,544 698,139 67,405 860,788 815,788 815,788 815,788 815,788 HEA (45,000) FERC 545 - Maintenance of Misc. Hydraulic Plant Maint of Misc Hydr Plant Bradley Lake Operating Labor & Benefits 85,438 70,963 14,475 69,395 62,843 6,552 69,297 69,297 69,297 69,297 69,297 (0) Indirect Costs 37,066 39,864 (2,798) 92,318 91,280 1,038 98,957 98,957 98,957 98,957 98,957 0 Contractual 3,900 - 3,900 3,900 6,763 (2,863) 3,900 3,900 3,900 3,900 3,900 - Supplies & Materials 35,000 33,168 1,832 63,000 93,510 (30,510) 58,000 34,000 34,000 34,000 34,000 (24,000) Maintenance Projects - 314 (314) - - - - Bradley Lake Operating Total 161,404 143,995 17,409 228,613 254,710 (26,097) 230,154 206,154 206,154 206,154 206,154 (24,000) 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 161,404 143,995 17,409 228,613 254,710 (26,097) 230,154 206,154 206,154 206,154 206,154 HEA (24,000) Page 8 of 20 FY19 FY20 FY21 FY22 FY22 FY22 FY22 FY19 Amended Budget Actual (Over) Under Budget to date FY20 Amended Budget Actual (Over) Under Budget to date FY21 Amended Budget FY22 Amend 1 Budget FY22 Amend 2 Budget FY22 Amend 3 Budget FY22 Amend 4 Budget Increase (Decrease) From PY FERC 556 - System Control & Load Dispatching System Cntl & Load Disp Bradley Lake Operating Labor & Benefits 21,506 20,920 586 21,140 37,092 (15,952) 21,140 19,708 19,708 19,708 19,708 (1,432) Contractual 53,000 44,800 8,200 53,000 57,365 (4,365) 53,000 53,000 53,000 53,000 53,000 - Supplies & Materials 6,000 613 5,387 6,000 3,204 2,796 6,000 6,000 6,000 6,000 6,000 - Equipment, Furniture and Machinery - - - - - - - - - - - - Bradley Lake Operating Total 80,506 66,333 14,173 80,140 97,661 (17,521) 80,140 78,708 78,708 78,708 78,708 HEA (1,432) BRADLEY EMERSON ANTIVIRUS UPGRADE Contractual 40,000 41,740 (1,740) - - - - - - - - HEA - BRADLEY EMERSON ANTIVIRUS UPGRADE Total 40,000 41,740 (1,740) - - - - - - - - - Snow Measurement Bradley Lake Operating Contractual 12,000 10,000 2,000 10,000 10,000 - 10,000 10,000 10,000 10,000 10,000 AEA - Bradley Lake Operating Total 12,000 10,000 2,000 10,000 10,000 - 10,000 10,000 10,000 10,000 10,000 - Seismic Service Bradley Lake Operating Contractual 62,000 61,569 431 62,000 56,310 5,690 62,000 62,000 62,000 62,000 62,000 AEA - Bradley Lake Operating Total 62,000 61,569 431 62,000 56,310 5,690 62,000 62,000 62,000 62,000 62,000 - Streamguaging Serv Bradley Lake Operating Contractual 206,291 186,291 20,000 209,917 189,917 20,000 183,615 218,000 218,000 218,000 218,000 AEA 34,385 Bradley Lake Operating Total 206,291 186,291 20,000 209,917 189,917 20,000 183,615 218,000 218,000 218,000 218,000 34,385 Permits Bradley Lake Operating Other Costs 350 250 100 350 758 (408) 350 350 350 350 350 AEA - Bradley Lake Operating Total 350 250 100 350 758 (408) 350 350 350 350 350 - FERC 556 - System Control & Load Dispatching Total 401,147 366,183 34,964 362,407 354,646 7,761 336,105 369,058 369,058 369,058 369,058 32,953 FERC 562 - Station Expenses Station Expenses SVC/Substation Maintenance Contract Labor & Benefits 94,718 83,226 11,492 59,774 72,086 (12,312) 55,712 62,388 62,388 62,388 62,388 CEA 6,677 Travel 2,000 1,632 368 4,000 2,596 1,404 4,500 3,500 3,500 3,500 3,500 CEA (1,000) Contractual 32,000 35,207 (3,207) 2,000 51,167 (49,167) 1,800 2,000 2,000 2,000 2,000 CEA 200 Supplies & Materials 21,000 17,692 3,308 12,000 613 11,387 10,000 10,000 10,000 10,000 10,000 CEA - Other Costs 4,000 1,112 2,888 2,000 - 2,000 - 1,500 1,500 1,500 1,500 CEA 1,500 Other Costs - - - - - - - - - - 30,000 HEA - Equipment, Furniture and Machinery - - - - - - - - - - - CEA - Maintenance Projects - - - - - - - - - - - CEA - Labor & Benefits - - - 27,298 - 27,298 27,298 71,759 71,759 71,759 71,759 HEA 44,461 Contractual - - - - - - - 59,600 59,600 59,600 59,600 HEA 59,600 Supplies & Materials - - - 10,000 - 10,000 34,000 5,000 5,000 5,000 5,000 HEA (29,000) Equipment, Furniture and Machinery - - - - - - 13,000 - - - - HEA (13,000) - SVC/Substation Maintenance Contract Total 153,718 138,869 14,849 117,072 126,462 (9,390) 146,309 215,747 215,747 215,747 245,747 69,438 FERC 562 - Station Expenses Total 153,718 138,869 14,849 117,072 126,462 (9,390) 146,309 215,747 215,747 215,747 245,747 69,438 FERC 563 - Weather Monitoring Power Sup Bradley Lake Operating Contractual - - - - 5,244 (5,244) AEA - Bradley Lake Operating Total - - - - 5,244 (5,244) - Page 9 of 20 FY19 FY20 FY21 FY22 FY22 FY22 FY22 FY19 Amended Budget Actual (Over) Under Budget to date FY20 Amended Budget Actual (Over) Under Budget to date FY21 Amended Budget FY22 Amend 1 Budget FY22 Amend 2 Budget FY22 Amend 3 Budget FY22 Amend 4 Budget Increase (Decrease) From PY FERC 571 - Maintenance of Overhead Lines Maint of OH Lines Bradley Lake Operating Labor & Benefits 31,120 12,110 19,010 27,459 2,507 24,952 27,459 27,963 27,963 27,963 27,963 504 Travel 10,000 8,180 1,820 10,000 4,530 5,470 - - - - - - Contractual 50,000 17,875 32,125 50,000 66,884 (16,884) 100,000 100,000 100,000 100,000 100,000 - Supplies & Materials 5,000 - 5,000 5,000 - 5,000 5,000 5,000 5,000 5,000 5,000 - Equipment, Furniture and Machinery - - - - 103 (103) - - - - - - Bradley Lake Operating Total 96,120 38,165 57,955 92,459 74,024 18,435 132,459 132,963 132,963 132,963 132,963 HEA 504 FERC 571 - Maintenance of Overhead Lines Total 96,120 38,165 57,955 92,459 74,024 18,435 132,459 132,963 132,963 132,963 132,963 504 FERC 920 & 930 - Administrative Expense AEA Bradley Admin Fees Bradley Lake Operating Administrative Costs 200,000 200,000 - 200,000 200,000 - 201,000 274,000 274,000 274,000 274,000 73,000 Administrative Costs 2,500 2,500 2,500 2,500 2,500 - Travel 3,500 - - - - (3,500) Bradley Lake Operating Total 200,000 200,000 - 200,000 200,000 - 207,000 276,500 276,500 276,500 276,500 AEA 69,500 Operating Committee Exp-Audit Bradley Lake Operating Administrative Costs 16,500 19,900 (3,400) 19,900 20,298 (398) 19,900 19,900 19,900 19,900 19,900 AEA - Bradley Lake Operating Total 16,500 19,900 (3,400) 19,900 20,298 (398) 19,900 19,900 19,900 19,900 19,900 - Operating Committee Exp-Legal Bradley Lake Operating Administrative Costs 25,000 140,453 (115,453) 30,000 215,162 (185,162) 70,000 70,000 70,000 70,000 70,000 AEA - Bradley Lake Operating Total 25,000 140,453 (115,453) 30,000 215,162 (185,162) 70,000 70,000 70,000 70,000 70,000 - Operat Committee Exp-Arbitrage Bradley Lake Operating Administrative Costs 2,935 2,785 150 3,000 2,685 315 5,000 5,000 5,000 5,000 5,000 AEA - Bradley Lake Operating Total 2,935 2,785 150 3,000 2,685 315 5,000 5,000 5,000 5,000 5,000 - Trust & Account Fees Bradley Lake Operating Administrative Costs 11,918 11,918 - 11,918 12,118 (200) 13,000 13,000 13,000 13,000 13,000 AEA - Bradley Lake Operating Total 11,918 11,918 - 11,918 12,118 (200) 13,000 13,000 13,000 13,000 13,000 - Misc Admin Bradley Lake Operating Administrative Costs 10,350 11,646 (1,296) 11,646 12,000 (354) 18,900 12,000 12,000 12,000 12,000 AEA (6,900) Bradley Lake Operating Total 10,350 11,646 (1,296) 11,646 12,000 (354) 18,900 12,000 12,000 12,000 12,000 (6,900) FERC 920 & 930 - Administrative Expense Total 266,703 386,702 (119,999) 276,464 462,263 (185,799) 333,800 396,400 396,400 396,400 396,400 62,600 Page 10 of 20 FY19 FY20 FY21 FY22 FY22 FY22 FY22 FY19 Amended Budget Actual (Over) Under Budget to date FY20 Amended Budget Actual (Over) Under Budget to date FY21 Amended Budget FY22 Amend 1 Budget FY22 Amend 2 Budget FY22 Amend 3 Budget FY22 Amend 4 Budget Increase (Decrease) From PY FERC 924 & 925 - Insurance Premiums Insurance Premiums Bradley Lake Operating Administrative Costs 600,834 599,218 1,616 575,000 613,782 (38,782) 692,019 850,000 1,366,444 1,366,444 1,366,444 AEA 674,425 Administrative Costs 56,000 18,422 37,578 56,000 39,347 16,653 56,000 16,000 16,000 16,000 16,000 HEA (40,000) Bradley Lake Operating Total 656,834 617,640 39,194 631,000 653,129 (22,129) 748,019 866,000 1,382,444 1,382,444 1,382,444 634,425 Risk Management Bradley Lake Operating Administrative Costs - - - - - - - 25,000 25,000 25,000 25,000 CEA 25,000 - - - Bradley Lake Operating Total - - - - - - - 25,000 25,000 25,000 25,000 25,000 - FERC 924 & 925 - Insurance Premiums Total 656,834 617,640 39,194 631,000 653,129 (22,129) 748,019 891,000 1,407,444 1,407,444 1,407,444 659,425 FERC 928 - Regulatory Commission Expenses FERC Admin Fees Administrative Costs 185,000 101,775 83,225 185,000 169,976 15,024 175,000 150,000 150,000 150,000 150,000 AEA (25,000) Bradley Lake Operating Total 185,000 101,775 83,225 185,000 169,976 15,024 175,000 150,000 150,000 150,000 150,000 (25,000) FERC Related Prof Services FERC Part 12 Inspection Administrative Costs - - - - - - 75,000 25,000 25,000 25,000 25,000 AEA (50,000) Contractual Engineer-FERC license issues Administrative Costs 125,000 104,560 20,440 100,000 88,256 11,744 110,000 180,000 180,000 180,000 180,000 AEA 70,000 Bradley Lake Operating Total 125,000 - 125,000 100,000 88,256 11,744 185,000 205,000 205,000 205,000 205,000 20,000 FERC 928 - Regulatory Commission Expenses Total 310,000 206,335 103,665 285,000 258,232 26,768 360,000 355,000 355,000 355,000 355,000 (5,000) Total Bradley Lake Budget 4,787,467 4,019,975 767,492 5,351,042 4,773,126 577,915 5,628,702 5,947,908 6,464,352 6,464,352 6,494,352 835,650 Page 11 of 20 ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT Monthly Utility Contributions Schedule C A B C D E F G H I FY2019 FY2020 FY2021 FY2022 FY2022 FY2022 FY2022 FY2021 to Percent Amended Amended Amended Amend 1 Amend 2 Amend 3 Amend 4 FY2022 Power Purchaser Share Budget Budget Budget Budget Budget Budget Budget Change Chugach Electric (combined w ML&P)56.3%10,701,072 11,026,056 9,235,126 5,941,748 6,290,657 6,290,657 4,487,608 (2,944,469) Homer Electric 12.0%2,280,864 2,350,140 1,968,409 1,266,446 1,340,814 1,340,814 956,505 (627,595) Matanuska Electric 13.8%2,622,996 2,702,664 2,263,673 1,456,415 1,541,938 1,541,938 1,099,983 (721,735) Golden Valley Electric 16.9%3,212,220 3,309,780 2,772,178 1,783,580 1,888,315 1,888,315 1,347,079 (883,863) City of Seward 1.0%190,068 195,840 164,035 105,537 111,735 111,735 79,709 (52,300) Rounding (1) 5 - 100.0%19,007,219 19,584,485 16,403,421 10,553,726 11,173,459 11,173,459 7,970,884 (5,229,962) Percent FY2019 FY2020 FY2021 FY2022 FY2022 FY2022 FY2022 Power Purchaser Share Monthly Monthly Monthly Monthly Amend 2 Amend 3 Amend 4 Budget Budget Budget Chugach Electric (combined w ML&P)56.3%891,756 918,838 900,902 495,146 524,221 524,221 73,459 (376,681) Homer Electric 12.0%190,072 195,845 192,021 105,537 111,735 111,735 15,657 (80,287) Matanuska Electric 13.8%218,583 225,222 220,826 121,368 128,495 128,495 18,006 (92,331) Golden Valley Electric 16.9%267,685 275,815 270,431 148,632 157,360 157,360 22,051 (113,071) City of Seward 1.0%15,839 16,320 16,002 8,795 9,311 9,311 1,305 (6,690) - 100.0%1,583,935 1,632,040 1,600,181 879,477 931,122 931,122 130,478 (669,060) Page 12 of 20 ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT R&C Fund Disbursements and Repayments Schedule D Actual ACTUAL PROJECTED PROJECTED PROJECTED PROJECTED PROJECTED PROJECTED TO REPAY TO REPAY TO REPAY TO REPAY Description Disburse at 06/30/20 Disburse at 06/30/21 Disburse at 06/30/22 Disburse at 06/30/22 R&C FUND PROJECTS Governor 0.00 4,052,070.14 0.00 4,052,070.14 0.00 4,052,070.14 0.00 4,052,070.14 Replace RFLS 0.00 251,092.69 0.00 251,092.69 0.00 251,092.69 0.00 251,092.69 Replace Runners 0.00 1,946,732.79 0.00 1,946,732.79 0.00 1,946,732.79 0.00 1,946,732.79 Replace cable from dam to power house 0.00 2,321,922.94 0.00 2,321,922.94 0.00 2,321,922.94 0.00 2,321,922.94 Replace power system stabilizer 0.00 619,205.10 0.00 619,205.10 0.00 619,205.10 0.00 619,205.10 Replace two RTUs 0.00 86,905.27 0.00 86,905.27 0.00 86,905.27 0.00 86,905.27 Culvert Repairs 0.00 675,966.79 0.00 675,966.79 0.00 675,966.79 0.00 675,966.79 Trans Towers Frost Jacking Repairs 0.00 887,596.62 0.00 887,596.62 0.00 887,596.62 0.00 887,596.62 Replace Plant and SCADA Controls 0.00 1,344,683.05 0.00 1,344,683.05 0.00 1,344,683.05 0.00 1,344,683.05 Vibration Monitoring System 0.00 490.00 0.00 490.00 0.00 490.00 0.00 490.00 Battle Creek Feasibility 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Fire Alarm System Replacement 41,179.09 41,179.09 150,000.00 191,179.09 150,000.00 341,179.09 150,000.00 341,179.09 Battle Creek Diversion 0.00 1,170,000.00 0.00 1,170,000.00 0.00 1,170,000.00 0.00 1,170,000.00 Replace Electro-Mechanical Relays 0.00 1,277,197.06 0.00 1,277,197.06 0.00 1,277,197.06 0.00 1,277,197.06 Fishwater Screen Debris Removal 0.00 312,236.43 0.00 312,236.43 0.00 312,236.43 0.00 312,236.43 Turbine Nozzle Repair 0.00 1,428,861.07 0.00 1,428,861.07 0.00 1,428,861.07 0.00 1,428,861.07 Spillway Raise 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 SVC replacement Daves Creek | Soldotna 0.00 8,517,991.11 0.00 8,517,991.11 0.00 8,517,991.11 0.00 8,517,991.11 Equipment Storage Shed 0.00 510,550.13 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 0.00 622,665.00 Generator #2 Relacement 370,871.04 953,212.71 0.00 953,212.71 0.00 953,212.71 0.00 953,212.71 Road Grader 0.00 0.00 370,000.00 370,000.00 0.00 370,000.00 0.00 370,000.00 Battle Creek Construction 0.00 3,666,000.00 3,666,000.00 0.00 3,666,000.00 0.00 3,666,000.00 Battle Creek Cash Call 0.00 750,000.00 750,000.00 0.00 750,000.00 0.00 750,000.00 Repayment through Cash Call 0.00 (750,000.00) (750,000.00) 0.00 (750,000.00) 0.00 (750,000.00) Needle Rapairs 0.00 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 0.00 980,000.00 980,000.00 980,000.00 980,000.00 Spillway Raise & Expansion Project 500,000.00 500,000.00 800,000.00 800,000.00 412,050.13 27,020,557.99 5,686,000.00 32,706,557.99 1,630,000.00 34,336,557.99 1,930,000.00 34,636,557.99 Current Year R&C Repayment (2,121,396.10) (2,288,753.22) (2,360,901.73) (2,435,901.73) Adjust bal to $5 mill (won't be corrected until year end) 0.00 0.00 0.00 0.00 Less Interest in Fund Applied to Repayment (175,199.84) (269,486.35) 0.00 0.00 Net Transfer from Revenue Fund (2,296,595.94) (2,558,239.57) (2,360,901.73) (2,435,901.73) Cumulative Prior Years R&C Repayments (23,240,089.01) (25,518,390.50) (28,076,630.07) (28,076,630.07) Due back to Utilities 18,294.45 0.00 0.00 0.00 R&C Cumulative Interest (Retained) Applied As Part of Repayment 0.00 0.00 0.00 0.00 Net R&C Repayments (23,221,794.56) (25,518,390.50) (28,076,630.07) (28,076,630.07) NET DUE TO R&C FUND 1,502,167.49 4,629,927.92 3,899,026.19 4,124,026.19 R&C FUND CASH FLOW PROJECTION Beginning Investment Balance 2,435,913.25 3,922,231.19 370,072.08 370,072.08 Disbursements-current year (412,050.13) (5,686,000.00) (1,630,000.00) (1,930,000.00) Disbursements-prior year accrued (309,844.12) (406,104.23) 0.00 0.00 R&C Repayment to utilities (88,383.75) (18,294.45) 0.00 0.00 Net other cash inflow(outflow) 0.00 0.00 0.00 0.00 Current year interest earnings 175,199.84 269,486.35 0.00 0.00 Current year Participants Contributions to R&C 2,121,396.10 2,288,753.22 2,360,901.73 2,435,901.73 Ending Investment Balance 3,922,231.19 370,072.08 1,100,973.82 875,973.82 Accrued R&C Payable at year end-Due to Utilities (18,294.45) 0.00 0.00 0.00 Accrued R&C vendor Payable at year end (406,104.23) 0.00 0.00 0.00 PROJECTED NET DUE + ENDING INVESTMENT BALANCE 5,000,000.00 5,000,000.00 5,000,000.00 5,000,000.00 REPAYMENT AMOUNT $3,330,802.80 X 25% yr 1 | 32% yr 2 |25% yr 3 | 18% yr 4 $5,644,193.08 x 25% all 4 years 4th yr 1,411,048.27 $1,341,405.96 x 25% all 4 years 3rd yr 335,351.49 4th yr 335,351.49 $1,715,556.80 x 25% all 4 years 2nd yr 428,889.20 3rd yr 428,889.20 4th yr 428,889.20 4th yr 428,889.20 $150,000 x 25% all 4 years 1st yr 103,012.53 2nd yr 103,012.53 3rd yr 103,012.53 3rd yr 103,012.53 $520,000 x 25% all 4 years 1st yr 1,421,500.00 2nd yr 1,421,500.00 2nd yr 1,421,500.00 1st yr 407,500.00 1st yr 482,500.00 2,278,301.49 2,288,753.22 2,360,901.73 2,435,901.73 APPROVED AMEND 3 PROPOSED AMEND 4 Page 13 of 20 ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT Battle Creek Capital Purchases (not funded by R&C Fund) Schedule E FY19 FY20 FY21 FY22 FY22 FY22 FY22 FY22 Amended Amend 1 Proposed Amend 2 Amend 3 Amend 4 Actuals Actuals Budget Budget Changes Budget Budget Budget Battle Creek Diversion 149,941 822,327 320,000 - Battle Creek Associated Costs 15,000 - 15,000 15,000 15,000 Vent Enlargment 50,000 - 50,000 50,000 50,000 Pressure Sensor w SCADA 25,000 - 25,000 25,000 25,000 Power feed to LBC Bridge 25,000 - 25,000 25,000 25,000 Total Non R&C Capital Purchases 149,941 822,327 320,000 115,000 - 115,000 115,000 115,000 Capital Construction Project Description Page 14 of 20 ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT Battle Creek Operations & Maintenance Budget Schedule F HEA 262,438 319,073 (56,635) 268,524 332,875 (64,351) 92,569 - - - - (92,569) CEA - - - - - - - - - - - - AEA 191,550 208,651 (17,101) 126,900 247,731 (120,831) 273,900 208,900 208,900 208,900 208,900 (65,000) BL - - - - - - 181,245 190,710 190,710 190,710 190,710 9,465 453,988 527,724 (73,736) 395,424 580,606 (185,182) 547,714 399,610 399,610 399,610 399,610 (148,104) - - - - - - - - - FY19 FY21 FY22 FY19 Amended Budget Actual (Over) Under Budget FY20 Amended Budget Actual (Over) Under Budget FY21 Amended Budget FY22 Amend 1 Budget FY22 Amend 2 Budget FY22 Amend 3 Budget FY22 Amend 4 Budget Increase (Decrease) from PY Summary by cost type - - Administrative Costs 453,988 527,724 (73,736) 395,424 580,606 (185,182) 255,469 82,900 82,900 82,900 82,900 (172,569) Battle Creek O&M - Bradley Allocation - - - - - - 181,245 190,710 190,710 190,710 190,710 9,465 Battle Creek O&M 111,000 126,000 126,000 126,000 126,000 15,000 453,988 527,724 (73,736) 395,424 580,606 (185,182) 547,714 399,610 399,610 399,610 399,610 (148,104) Bradley Lake O&M 4% charge to Battle Creek - Battle Creek O&M - - - - - - 181,245 190,710 190,710 190,710 190,710 BL 9,465 FERC 537 - Hydraulic Expenses Hydraulic Expenses Battle Creek Operating Labor & Benefits - - - - - - - - - - - - Indirect Costs - - - - - - - - - - - - Travel - - - - - - - - - - - - Training - - - - - - - - - - - - Contractual - - - - - - 66,000 81,000 81,000 81,000 81,000 AEA 15,000 Supplies & Materials - - - - - - - - - - Equipment, Furniture and Machinery - - - - - - - - - - - - - Bradley Lake Operating Total - - - - - - 66,000 81,000 81,000 81,000 81,000 15,000 FERC 537 - Hydraulic Expenses Total - - - - - - 66,000 81,000 81,000 81,000 81,000 15,000 - - - FERC 556 - System Control & Load Dispatching Streamgaging Expenses Battle Creek Operating Labor & Benefits - - - - - - - - - - - - Indirect Costs - - - - - - - - - - - - Travel - - - - - - - - - - - - Training - - - - - - - - - - - - Contractual - - - - - - 45,000 45,000 45,000 45,000 45,000 AEA - Supplies & Materials - - - - - - - - - - - - Equipment, Furniture and Machinery - - - - - - - - - - - - - - - Bradley Lake Operating Total - - - - - - 45,000 45,000 45,000 45,000 45,000 - FERC 556 - System Control & Load Dispatching Total - - - - - - 45,000 45,000 45,000 45,000 45,000 - FY20 Page 15 of 20 FY19 FY21 FY22 FY19 Amended Budget Actual (Over) Under Budget FY20 Amended Budget Actual (Over) Under Budget FY21 Amended Budget FY22 Amend 1 Budget FY22 Amend 2 Budget FY22 Amend 3 Budget FY22 Amend 4 Budget Increase (Decrease) from PY FY20 - - - FERC 920 & 930 - Administrative Expense Battle Creek Admin Fees Administrative Costs 8,193 7,421 772 12,274 12,274 0 11,419 - - - - HEA (11,419) Administrative Costs 168,000 168,000 - 105,000 105,051 (51) 122,000 71,000 71,000 71,000 71,000 AEA (51,000) Battle Creek Admin Fees Total 176,193 175,421 772 117,274 117,325 (51) 133,419 71,000 71,000 71,000 71,000 (62,419) Operating Committee Exp-Owners Representative Administrative Costs 254,245 311,652 (57,407) 256,250 320,601 (64,351) 81,150 - - - - HEA (81,150) Operating Committee Exp-Owners Representative Total 254,245 311,652 (57,407) 256,250 320,601 (64,351) 81,150 - - - - (81,150) - Operating Committee Exp-Legal - Administrative Costs 15,000 34,795 (19,795) 15,000 135,880 (120,880) 30,000 5,000 5,000 5,000 5,000 AEA (25,000) Operating Committee Exp-Legal Total 15,000 34,795 (19,795) 15,000 135,880 (120,880) 30,000 5,000 5,000 5,000 5,000 (25,000) - Operat Committee Exp-Arbitrage - Administrative Costs 2,000 1,690 310 2,000 1,690 310 2,000 2,000 2,000 2,000 2,000 AEA - Operat Committee Exp-Arbitrage Total 2,000 1,690 310 2,000 1,690 310 2,000 2,000 2,000 2,000 2,000 - Trust & Account Fees Administrative Costs 6,550 4,083 2,467 4,800 5,000 (200) 8,800 4,800 4,800 4,800 4,800 AEA (4,000) Trust & Account Fees Total 6,550 4,083 2,467 4,800 5,000 (200) 8,800 4,800 4,800 4,800 4,800 (4,000) Operating Committee Exp-Other Administrative Costs - 83 (83) 100 110 (10) 100 100 100 100 100 AEA - Operating Committee Exp-Other Total - 83 (83) 100 110 (10) 100 100 100 100 100 - - - - - FERC 920 & 930 - Administrative Expense Total 453,988 527,724 (73,736) 395,424 580,606 (185,182) 255,469 82,900 82,900 82,900 82,900 (172,569) Total Bradley Lake Budget 453,988 527,724 (73,736) 395,424 580,606 (185,182) 547,714 399,610 399,610 399,610 399,610 (148,104) Page 16 of 20 ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT Battle Creek Monthly Participating Purchaser Contributions Schedule G A B C D E F G H FY2020 FY2021 FY2022 FY2022 FY2022 Previous NEW Annual Annual Annual Annual Annual FY2021 to Percent Percent Amended Amended Amend 4 Proposed Amend 5 FY2022 POWER PURCHASER Share Share Budget Budget Budget Changes Budget Change Chugach Electric Association 39.38% 32.72%1,008,930 2,367,938 1,403,682 (237,223) 1,166,459 (964,256) Homer Electric Association 41.44% 34.44%1,061,708 2,491,807 1,477,109 (249,631) 1,227,478 (1,014,698) Matanuska Electric Association 17.88% 14.86%458,092 1,075,133 637,324 (107,708) 529,616 (437,809) Golden Valley Electric Association 0.00% 16.90%- - - 602,393 602,393 - City of Seward 1.30% 1.08%33,306 78,169 46,338 (7,831) 38,507 (31,831) Rounding - 100.00%100.00%2,562,036 6,013,047 3,564,453 - 3,564,453 (2,448,594) Previous NEW FY2021 FY2022 FY2022 FY2022 FY2021 to Percent Percent FY2020 Amended Amend 4 Proposed Amend 5 FY2022 POWER PURCHASER Share Share Monthly Monthly Monthly Monthly Changes Monthly*Change Chugach Electric Association 39.38% 32.72%86,867 220,385 116,974 (116,974) - (103,412) Homer Electric Association 41.44% 34.44%91,411 231,913 123,092 (123,092) - (108,821) Matanuska Electric Association 17.88% 14.86%39,441 100,063 53,110 (53,110) - (46,953) Golden Valley Electric Association 0.00% 16.90%- - - - - - City of Seward 1.30% 1.08%2,868 7,275 3,862 (3,862) - (3,414) - 100.0%100.0%220,587 559,636 297,038 (297,038) - (262,598) *June only, no payment to be made by any utility. GVEA made a lump sum payment in May for the entire fiscal year 2022. Excess contributions made by the original Battle Creek partcipiants shall be refunded back to them. Page 17 of 20 ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT SSQ Line Capital Purchases (not funded by R&C Fund) Schedule H FY19 FY20 FY21 FY22 FY22 FY22 FY22 Amended Amend 1 Amend 2 Amend 3 Amend 4 Actuals Actuals Budget Budget Budget Budget Budget SQ Line Access Documentation 150,000 - - - - SQ Line Acquisition Costs 40,000 - - - - SQ Soldotna-Qtz Ck 230kV Construction 750,000 750,000 Total Non R&C Capital Purchases - - 190,000 - - 750,000 750,000 Capital Project Description Page 18 of 20 ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT SSQ Line Operations and Maintenance Budget Schedule I HEA 150,000 300,523 - 300,523 300,523 300,523 150,523 CEA - - - - - - - AEA 20,000 144,000 - 144,000 144,000 144,000 124,000 170,000 444,523 - 444,523 444,523 444,523 274,523 - - - FY21 FY22 FY21 Amended Budget FY22 Amend 1 Budget FY22 Proposed Changes FY22 Amend 2 Budget FY22 Amend 3 Budget FY22 Amend 4 Budget Increase (Decrease) From PY Summary by cost type Labor & Benefits 32,500 85,820 - 85,820 85,820 85,820 53,320 Indirect Costs - - - - - - - Travel - - - - - - - Training - - - - - - - Contractual 110,000 250,000 - 250,000 250,000 250,000 140,000 Supplies & Materials 7,500 56,992 - 56,992 56,992 56,992 49,492 Other Costs - 7,711 - 7,711 7,711 7,711 7,711 Equipment, Furniture and Machinery - - - - - - - Maintenance Projects - - - - - - - Administrative Costs 20,000 44,000 - 44,000 44,000 44,000 24,000 170,000 444,523 - 444,523 444,523 444,523 274,523 FERC 571 - Maintenance of Overhead Lines Maint of OH Lines SQ Line Labor & Benefits 32,500 85,820 - 85,820 85,820 85,820 HEA 53,320 Travel - - - - - - - Contractual 110,000 150,000 - 150,000 150,000 150,000 HEA 40,000 Contractual - 100,000 - 100,000 100,000 100,000 AEA 100,000 Supplies & Materials 7,500 56,992 - 56,992 56,992 56,992 HEA 49,492 Other Costs - 7,711 - 7,711 7,711 7,711 HEA 7,711 SQ Line Total 150,000 400,523 - 400,523 400,523 400,523 250,523 FERC 571 - Maintenance of Overhead Lines Total 150,000 400,523 - 400,523 400,523 400,523 250,523 FERC 920 & 930 - Administrative Expense AEA Bradley Admin Fees Bradley Lake Operating Administrative Costs 20,000 42,000 42,000 42,000 42,000 AEA 22,000 Bradley Lake Operating Total 20,000 42,000 - 42,000 42,000 42,000 22,000 SSQ Line Trust & Account Fees SQ Line Administrative Costs - 2,000 2,000 2,000 2,000 AEA 2,000 SQ Line Total - 2,000 - 2,000 2,000 2,000 2,000 - FERC 920 & 930 - Administrative Expense Total 20,000 44,000 - 44,000 44,000 44,000 24,000 Total Bradley Lake Budget 170,000 444,523 - 444,523 444,523 444,523 274,523 Page 19 of 20 ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT SSQ Line Monthly Utility Contributions Schedule J A B C D E F G FY2021 FY2022 FY2022 FY2022 FY2022 FY2021 to Percent Amended Amend 1 Amend 2 Amend 3 Amend 4 FY2022 Power Purchaser Share Budget Budget Budget Budget Budget Change Chugach Electric (combined w ML&P) 56.3%202,680 281,178 281,178 703,428 1,267,038 78,498 Homer Electric 12.0%43,200 59,931 59,931 149,931 270,061 16,731 Matanuska Electric 13.8%49,680 68,921 68,921 172,421 310,571 19,241 Golden Valley Electric 16.9%60,840 84,403 84,403 211,153 380,336 23,563 City of Seward 1.0%3,600 4,994 4,994 12,494 22,505 1,394 Rounding - 100.0%360,000 499,427 499,427 1,249,427 2,250,511 139,427 FY2022 FY2022 FY2022 Power Purchaser Percent FY2021 FY2022 Amend 2 Amend 3 Amend 4 Share Monthly Monthly Budget Budget Budget Chugach Electric (combined w ML&P) 56.3%16,890 23,431 23,432 58,619 199,522 6,541 Homer Electric 12.0%3,600 4,994 4,994 12,494 42,527 1,394 Matanuska Electric 13.8%4,140 5,743 5,743 14,368 48,906 1,603 Golden Valley Electric 16.9%5,070 7,034 7,034 17,596 59,892 1,964 City of Seward 1.0%300 416 416 1,041 3,544 116 - 100.0%30,000 41,619 41,619 104,119 354,390 11,619 Page 20 of 20 ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT FY2023 PROPOSED BUDGET - AMEND 1 DATE: MAY 20, 2022 ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT 2023 Budget Contents Schedule Description Page # Summary FY23 Approved 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 A B C D E F G H FY2021 FY2022 FY2023 FY2023 FY2023 Inc(Dec) From FY2020 FY2021 Amended Amended Approved Approved Amend 1 Prior Year Bradley Lake (excluding Battle Creek & SSQ Line shown below)Actuals Actuals Budget Budget 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 (2,000,000) 8,722,574 751,691 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 (443,390) 12,010,956 12,010,956 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 (2,443,390) 20,733,530 11,859,146 Expenses Operations & Maintenance (sch B) 4,773,126 4,921,752 5,798,702 6,494,352 5,675,360 - 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 - 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 (2,000,000) 1,558,000 649,000 Transfer To(From) Operating Reserve 112,715 276,375 84,752 139,130 (163,798)- (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 (443,390) 12,010,956 12,010,956 20,395,281 19,381,316 20,277,934 8,874,384 23,176,920 (2,443,390) 20,733,530 11,859,146 Surplus (Deficit) 0 0 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 3,569,672 - 3,569,672 5,219 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 3,569,672 - 3,569,672 5,219 Expenses - Battle Creek Battle Creek Operations & Maintenance (sch F) 580,606 475,700 547,714 399,610 417,373 - 417,373 17,764 Renewals/Replacements (R&C Fund Repayments) (sch D) - 1,103,993 1,104,000 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 - 90,000 (25,000) Transfer To(From) Operating Reserve (11,713)124,322 30,926 (29,621)3,553 - 3,553 33,174 Debt Service 1,753,324 3,130,353 3,518,317 3,064,883 3,006,599 - 3,006,599 (58,284) IRS Subsidy (1,129,282) (1,131,617)- (1,089,419) (1,051,853) - (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 3,569,672 - 3,569,672 5,219 Surplus (Deficit) 0 0 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 33,390 758,884 (1,491,627) 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 - 758,884 (12,944,890) Expenses - SSQ Line SSQ Line Operations & Maintenance (sch I) - 10,194 170,000 444,523 336,999 - 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)- (21,505) (76,409) Debt Service - - - 12,454,346 410,000 33,390 443,390 (12,010,956) Capital Reserve Contribution - - - - - - - 0 - 59,350 360,000 13,703,774 725,494 - 758,884 (12,944,890) Surplus (Deficit) 0 0 0 0 0 0 0 0 Other Information Operating Reserve * 1,070,208 1,159,740 1,298,870 1,135,072 1,135,072 Operating Reserve - Battle Creek* 79,085 109,543 79,922 83,475 83,475 Operating Reserve - SSQ Line* 34,000 88,905 67,400 67,400 Monthly Contributions 1,632,040 1,366,952 664,240 893,548 726,881 Monthly Contributions Battle Creek 242,670 501,087 297,038 297,473 297,473 Monthly Contributions SSQ Line 30,000 187,543 60,458 63,240 *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 FY21 FY22 FY23 FY23 FY23 Amended Approved Proposed Amend 1 Actuals Budget Budget Changes Budget Replace/Automate Fish Water Valves & Actuators - - - - Upgrade Crews Quarters\Residence Kitchen\New Furniture 139,000 159,000 - 159,000 Replace dump truck and sander 166,608 20,000 - - Pick up truck - - - UPS Replacement 34,438 - - - Rough terrain fork lift (with plow for snow) - - - IRIS Air gap monitoring system (computer) 45,000 65,000 - 65,000 Housing Preliminary Design 10,375 - - - Emerson Cybersecurity Update 138,555 - - - Heavy Duty trailer for equipment 20,000 20,000 - 20,000 ABB Replace GIS Actuators 240,000 309,000 - 309,000 Replacement pickup truck 45,000 - - Needle Valve rebuild 150,000 150,000 - 150,000 Start New Servo Design 100,000 250,000 - 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 - 5,000 Mini Excavator 100,000 - 100,000 Install New Bradley Microwave System 500,000 - 500,000 SSQ Design 2,000,000 (2,000,000) - Total Non R&C Capital Purchases 540,501 909,000 3,558,000 (2,000,000) 1,558,000 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 Approved 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 Approved 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 Approved 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 Approved 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 Approved 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 Approved 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 Approved 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 Approved 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 Approved 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 A B C D E F G H FY2020 FY2021 FY2022 FY2023 FY2023 FY2023 Annual Annual Annual Annual Annual Annual FY2022 to Percent Amended Amended Amended Approved Proposed Amend 1 FY2023 Power Purchaser Share Budget Budget Budget Budget Changes Budget Change Chugach Electric (combined w ML&P) 56.3%11,026,056 9,235,126 4,487,608 13,048,605 (1,375,628) 11,672,977 7,185,369 Homer Electric 12.0%2,350,140 1,968,409 956,505 2,781,229 (293,207) 2,488,022 1,531,517 Matanuska Electric 13.8%2,702,664 2,263,673 1,099,983 3,198,417 (337,188) 2,861,229 1,761,246 Golden Valley Electric 16.9%3,309,780 2,772,178 1,347,079 3,916,900 (412,933) 3,503,967 2,156,888 City of Seward 1.0%195,840 164,035 79,709 231,769 (24,434) 207,335 127,626 Rounding 5 - 100.0%19,584,485 16,403,421 7,970,884 23,176,920 (2,443,390) 20,733,530 12,762,646 Percent FY2020 FY2021 FY2022 FY2023 FY2023 FY2023 FY2022 to Power Purchaser Share Monthly Monthly Amended Approved Proposed Amended FY2023 Budget Monthly Monthly Changes Budget Change Chugach Electric (combined w ML&P) 56.3%918,838 900,902 73,459 1,087,384 (114,636)972,748 899,289 Homer Electric 12.0%195,845 192,021 15,657 231,769 (24,434)207,335 191,678 Matanuska Electric 13.8%225,222 220,826 18,006 266,535 (28,099)238,436 220,430 Golden Valley Electric 16.9%275,815 270,431 22,051 326,408 (34,411)291,997 269,946 City of Seward 1.0%16,320 16,002 1,305 19,314 (2,036)17,278 15,973 - 100.0%1,632,040 1,600,181 130,478 1,931,410 (203,616) 1,727,794 1,597,316 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 Approved 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 - - - - - - 190,710 236,473 45,764 395,424 580,606 (185,182) - - - 399,610 417,373 17,764 - - - (547,714) - (547,714) - FY22 FY23 FY20 Amended Budget Actual (Over) Under Budget FY21 Amended Budget Actual (Over) Under Budget FY22 Amended Budget FY23 Approved 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 - 181,245 190,710 236,473 45,764 Battle Creek O&M - - 111,000 - 111,000 126,000 126,000 - 395,424 580,606 (185,182) 547,714 - 547,714 399,610 417,373 17,764 Bradley Lake O&M 4% charge to Battle Creek - Battle Creek O&M - - - 181,245 181,245 - 190,710 236,473 BL 45,764 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 Approved 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 32,245 399,610 417,373 17,764 Page 18 of 22 ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT Battle Creek Monthly Participating Purchaser Contributions Schedule G A B C D E F G H FY2021 FY2022 FY2023 FY2023 FY2023 Previous NEW Annual Annual Annual Annual Annual FY2022 to Percent Percent Amended Amended Approved Proposed Amend 1 FY2023 POWER PURCHASER Share Share Budget Budget Budget Changes Budget Change Chugach Electric Association 39.38% 32.72%2,367,938 1,403,682 1,405,737 (237,570) 1,168,167 (235,515) Homer Electric Association 41.44% 34.44%2,491,807 1,477,109 1,479,272 (249,997) 1,229,275 (247,834) Matanuska Electric Association 17.88% 14.86%1,075,133 637,324 638,257 (107,865) 530,392 (106,932) Golden Valley Electric Association 0.00% 16.90%- - - 603,275 603,275 603,275 City of Seward 1.30% 1.08%78,169 46,338 46,406 (7,843) 38,563 (7,775) Rounding - - 100.00%100.00%6,013,047 3,564,453 3,569,672 - 3,569,672 5,219 Previous NEW FY2021 FY2022 FY2023 FY2023 FY2023 FY2022 to Percent Percent Amended Amended Approved Proposed Amend 1 FY2023 POWER PURCHASER Share Share Budget Budget Budget Changes Budget Change Chugach Electric Association 39.38% 32.72%220,385 116,974 117,145 (19,798) 97,347 (19,626) Homer Electric Association 41.44% 34.44%231,913 123,092 123,273 (20,833) 102,440 (20,653) Matanuska Electric Association 17.88% 14.86%100,063 53,110 53,188 (8,989) 44,199 (8,911) Golden Valley Electric Association 0.00% 16.90%- - - 50,273 50,273 50,273 City of Seward 1.30% 1.08%7,275 3,862 3,867 (654) 3,214 (648) - - 100.0%100.0%559,636 297,038 297,473 (0) 297,473 435 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 Approved 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 Approved 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 A B C D E F G FY2021 FY2022 FY2023 FY2022 FY2023 Annual Annual Annual Annual Annual FY2022 to Percent Amended Amended Approved Proposed Amend 1 FY2023 Power Purchaser Share Budget Budget Budget Changes Budget Change Chugach Electric (combined w ML&P) 56.3%202,680 1,267,038 408,453 18,798 427,252 (839,786) Homer Electric 12.0%43,200 270,061 87,059 4,007 91,066 (178,995) Matanuska Electric 13.8%49,680 310,571 100,118 4,608 104,726 (205,845) Golden Valley Electric 16.9%60,840 380,336 122,608 5,643 128,251 (252,085) City of Seward 1.0%3,600 22,505 7,255 334 7,589 (14,916) Rounding - 100.0%360,000 2,250,511 725,493 33,390 758,884 (1,491,627) FY2022 FY2023 FY2023 FY2023 FY2022 to Power Purchaser Percent FY2021 Amended Approved Proposed Amend 1 FY2023 Share Monthly Monthly Monthly Monthly Changes Monthly Change Chugach Electric (combined w ML&P) 56.3%16,890 199,522 34,038 1,567 35,604.33 (163,917) Homer Electric 12.0%3,600 42,527 7,255 334 7,588.83 (34,938) Matanuska Electric 13.8%4,140 48,906 8,343 384 8,727.17 (40,179) Golden Valley Electric 16.9%5,070 59,892 10,217 470 10,687.58 (49,204) City of Seward 1.0%300 3,544 605 28 632.42 (2,911) - 100.0%30,000 354,390 60,458 2,783 63,240 (291,150) Page 22 of 22 DRAFT 1 BRADLEY LAKE PROJECT MANAGEMENT COMMITTEE RESOLUTION NO. 22- 04 Development of Required Work Projects INTRODUCTION The Bradley Lake Project Management Committee (“BPMC”) is responsible for the management, operation, maintenance, and improvement of the Bradley Lake Hydroelectric Project (the “Project”), subject to the non-delegable duties of the Alaska Energy Authority (the “Authority”). At its December 10, 2021 meeting, the BPMC approved Resolution No. 21-02 that endorsed a plan to finance and develop a series of projects to increase the energy available to benefit the Bradley Lake Hydroelectric Project (the “Project”) and its utility purchasers (“Purchasers”). The BPMC established a Special Committee to assist in the development plans for financing, design and engineering at the Project. The Special Committee has provided its recommendations to the BPMC for these important steps. The plans allow the BPMC to leverage past investments in the Project and optimize its value without additional costs to Alaskans by applying existing payments to approved Required Project Work, as provided in the Power Sales Agreement (the “PSA”). The BPMC has received guidance from the Department of Law (“DOL”) regarding the proposed projects to be funded as Required Project Work in the PSA, and awaits independent review from a consultant selected by the Authority. PURPOSE OF BPMC RESOLUTION 22-04 BPMC Resolution No. 22-04 identifies the authorized Required Work Projects that the BPMC intends to finance and complete at the Project. By funding Required Project Work, the BPMC seeks to minimize costs, stabilize rates for ratepayers, and optimize the benefits generated by the Project. BPMC RESOLUTION NO. 22-04 WHEREAS, the Bradley Lake Project Management Committee (“BPMC”) receives its authority under the Bradley Lake Hydroelectric Project Agreement for the Sale and Purchase of Electric Power (“Power Sales Agreement”). WHEREAS, the BPMC is responsible for the management, operation, maintenance, and improvement of the Bradley Lake Hydroelectric Project (the “Project”), subject to the non- delegable duties of the Alaska Energy Authority (the “Authority”). WHEREAS, the Project is the largest lowest cost renewable, carbon free energy generating facility on the System. DRAFT 2 WHEREAS, the BPMC has set forth its intent to provide for improvements and upgrades to the transmission path for energy generated by the Project in BPMC Resolution No. 21- 02. WHEREAS, the Special Committee of the BPMC appointed for the purpose of examining ways to upgrade and improve the deliverability of Project Power has made recommendations for the removal of the transmission constraints on the Project for consideration by the BPMC. WHEREAS, Exhibit A is attached to this Resolution and incorporated herein by this reference and contains a list and representative map of the proposed Required Project Work recommended by the Special Committee that will serve to optimize the value of the Project and result in increased availability of the Railbelt Electric System’s largest renewable, carbon-free energy resource for all Purchasers; WHEREAS, the projects listed in Exhibit A are essential for the removal of the transmission constraints on the deliverability of energy generated by the Project and can be financed through the use of excess payment funds for agreed-upon Required Project Work. WHEREAS, each of the Required Work Projects listed in Exhibit A have been reviewed by the Department of Law at the request of the Authority and the Purchasers. WHEREAS, the Department of Law has determined that each of the listed projects in the first tranche listed in Exhibit A and the associated map constitutes Required Project Work subject to an independent analysis demonstrating that each Required Work Project is consistent with sound economics and national industry standards. WHEREAS , the Authority has selected an expert to review the Required Work Projects in Exhibit A, and the BPMC is awaiting the determination on each proposed Required Work Project. NOW, THEREFORE, BE IT RESOLVED THAT, the aforementioned comments and Recitals are incorporated and made part of this Resolution No. 22-04; BE IT ALSO RESOLVED THAT, Resolution 21-02 is incorporated into this Resolution 22-04 as if fully set forth; BE IT ALSO RESOLVED THAT, the BPMC accepts the recommendations from the Special Committee regarding the Required Project Work to be financed and completed as listed in Exhibit A. BE IT ALSO RESOLVED THAT the BPMC approves the projects listed in Exhibit A, and directs its Executive Director of Railbelt Regional Coordination to work with the BPMC and the Special Committee of the BPMC to immediately begin the process of expediting work on the essential improvements and upgrades detailed in Exhibit A to benefit the Project’s transmission system and enhance the deliverability of energy produced by the Project; DRAFT 3 BE IT ALSO RESOLVED THAT, the Special Committee will continue to report its progress to the BPMC as needed. DATED at Anchorage Alaska, this _____ day of May, 2022. ___________________________________________ Chair, Anthony M. Izzo \ Attest: ______________________________ Secretary, Curtis Thayer 2/4/2022 Project Cost BPMC Special Committee Projects ($ million) BPMC First Tranche "Required Project Work" 2022-2029 66.0$ New 230 kV (operated at 115 kV) Express Transmission Line - Bradley Project to Soldotna Sub1&6 70.0$ 115.0$ Battery Energy Storage Systems for Grid Stabilization6 8.5$ SVC Upgrades (Soldotna and Dave's Creek) 10.0$ Routing study of Alternative Path to Export Energy off the Kenai Peninsula5 269.5$ (note: assumes that CEA completes 230 kV upgrades from Quartz Sub to University Sub) Second Tranche Projects to Complete Railbelt 230 kV Transmission Backbone 90.0$ Teeland to Fairbanks 230 kV Upgrade (including substations)2 15.0$ Railbelt Cybersecurity and Communications Upgrade6 105.0$ Railbelt Resiliency Projects Required for 230 kV Transmission System 185.0$ Alternative Transmission Line from Kenai to Southcentral (TBD by Routing Study) 1&6 129.3$ Lorraine - Douglas 230 kV extension of the Alaska Intertie (42 miles)6 10.7$ Fossil Creek Substation 230 kV upgrade6 9.7$ Eklutna Hydro Substation 230 kV Upgrade or alternate project6 243.6$ Douglas - Healy 230 kV transmission line (171 miles)6 106.8$ Healy - Fairbanks 138 kV to 230 kV Conversion6 685.1$ Renewable Generation Projects required to help meet CO2 Reduction Goals 125.0$ Dixon Diversion (Bradley Lake)4&6 - note that variations of this project cost up to about $400 million 480.0$ 200 MW of Wind Generation near Fairbanks3 240.0$ 100 MW Wind near Delta Junction3 845.0$ 1 Cost estimate from 2017 AEA Railbelt Transmission Plan 2 Cost estimate by GVEA 3 Preliminary cost estimate from Railbelt CO2 restriction study 4 Cost estimate by AEA 5 BPMC Special Engineering Subcommittee 6 Shovel-Ready Energy Infrastructure Projects in Alaska (Draft by AEA, April 2021) 115 kV & 230 kV Double-circuit Transmission Line - Soldotna Substation to Sterling Substation6 and 230 kV Upgrade for Transmission Line between Sterling Substation and Quartz Creek Substation6 (includes substations upgrades for 230 kV operation) EXHIBIT A REQUIRED PROJECT LIST /MAP 4 GLENNALLENANCHORAGEWASILLAVALDEZKENAI PENINSULAALASKA INTERTIEWILLOWSUTTONPALMERGIRDWOODWHITTIERHOPESEWARDBRADLEY JUNCTIONNIKISKISOLDOTNAKASILOFHOMERNORTHERN INTERTIEEVA CREEKFAIRBANKSNORTH POLENENANADELTA JUNCTIONCANTWELLHEALYPOGO MINEGOLDEN VALLEY ELECTRIC ASSOCIATIONCHUGACH ELECTRIC ASSOCIATIONCITY OF SEWARDCOPPER VALLEY ELECTRIC ASSOCIATIONHOMER ELECTRIC ASSOCIATIONMATANUSKA ELECTRIC ASSOCIATIONGOLDEN VALLEY ELECTRIC ASSOCIATIONALASKA ENERGY AUTHORITYCHUGACH ELECTRIC ASSOCIATIONCITY OF SEWARDCOPPER VALLEY ELECTRIC ASSOCIATIONHOMER ELECTRIC ASSOCIATIONMATANUSKA ELECTRIC ASSOCIATIONNORTHERN INTERTIE (GVEA)POGO MINEDISTRIBUTIONSUBSTATIONPOWER PLANTLEGENDSERVICE AREATRANSMISSION LINESTATION TYPEFEATUREBPMC REQUIRED PROJECT WORK 2022 - 1ST TRANCHEFILE PATH: Vault/Project Explorer/Documents/FAC - Facilities/MP - Maps/Service Area Maps/Alaska Utility Service AreaUPDATED: MAY 5, 2022ALASKA VICINITYFAIRBANKSNEWS3513 & 42A2B43NEW 230KV EXPRESS TRANSMISSION LINE(OR DOUBLE CIRCUIT EXISTING) -BRADLEY PROJECT TO SOLDOTNA SUB115KV & 230KV DOUBLE-CIRCUITTRANMISSION LINE - SOLDOTNA SUB TOSTERLING SUB230KV UPGRADE FOR TRANSMISSION LINEBETWEEN STERLING SUB AND QUARTZCREEK SUBTHREE BATTERY ENERGY STORAGESYSTEMSSVC UPGRADES - SOLDOTNA AND DAVE'SCREEKROUTING STUDY OF ALTERNATIVE PATHTO EXPORT ENERGY OFF THE KENAIPENINSULABPMC SPECIAL COMMITTEE PROPOSED PROJECTS12A3542BCITY/TOWNSHIPHIGHWAY5 DRAFTDraft – 2022 05 16 BRADLEY LAKE PROJECT MANAGEMENT COMMITTEE RESOLUTION 22-06 Battle Creek Diversion Project Callback Acceptance INTRODUCTION All the Purchasers of the Bradley Lake Management Committee (“BPMC) have supported the development and completion of the Battle Creek Diversion Project (“BCD Project”). As reflected in Resolutions No. 2017-02, including the First and Second Amendments and Resolution 2018-01 (together the “Earlier BCD Project Resolutions”), any Purchaser who did not initially participate in the development, construction and completion of the BCD Project (a “Non-Purchaser”), was granted an option to participate in the future. On April 29, 2022, Golden Valley Electric Association (“GVEA”), an initial Non- Purchaser,issued its Callback Notice1 and payment to the Alaska Energy Authority (the “Authority”). As provided in the Earlier BCD Project Resolutions, the GVEA Callback Notice and payment results in a reallocation of BCD Project shares beginning June 1, 2022. This Resolution 2022-06 acknowledges receipt of the GVEA payments and provides a revised allocation of percentages from the BCD Project,consistent with the Earlier BCD Project Resolutions. PURPOSE OF BPMC RESOLUTION 22-06 The purpose of this Resolution 2202-06 is to formally acknowledge GVEA’s Callback Notice, accept GVEA’s payment for the BCD Project and re -allocate the BCD Project shares consistent with the Earlier BCD Project Resolutions. RESOLUTION NO. 22-06 WHEREAS, the BPMC has authorized the development and financing of the BCD Project through the adoption of the Earlier BCD Resolutions - Resolution No. 2017-01 (June 28, 2017), Resolution No. 2017-02 (October 13, 2017), First Amendment to Resolution No. 2017-02 (December 1, 2017), Second Amendment to Resolution No. 2017-02 (December 6, 2017), and Resolution No. 2017 -03 (December 16, 2017); 1 See the First Amendment to Attachment 1, Resolution No. 2017-02. DRAFTDraft – 2022 05 16 WHEREAS, the BPMC adopted Resolution No. 2018-01 to clarify the methodology to be used by the BPMC and to allocate BCD Project shares of any Non-Participating Purchaser that had not been otherwise sold or transferred. WHEREAS, GVEA has provided its Callback Notice as required in the First Amendment to Attachment 1, Resolution No. 2017-02, and the Authority has determined that the amounts received are consistent with the terms and conditions in the Earlier BCD Project Resolutions; WHEREAS, with receipt of the Callback Notice and payment prior to May 1, 2022 GVEA will participate in the BCD Project at the level equal to the capacity percentage it holds in the Bradley Lake Project; WHEREAS, attached and incorporated herein by this reference is Amendment No. 1 to Exhibit A, Resolution No. 2018-01, that reflects the allocated percentages for all Participating Purchasers in the BCD Project. NOW, THEREFORE, IT IS HEREBY RESOLVED BY THE BPMC, the aforementioned comments and Recitals are incorporated and made part of this Resolution No. 2202-06; BE IT FURTHER RESOLVED, that the Earlier BCD Project Resolutions are incorporated as if fully set forth herein; BE IT FURTHER RESOLVED that GVEA as a prior Non-Participating Purchaser in the BCD Project provided its timely Callback Notice prior to May 1, 2022 and the Authority has determined that the payment amount received is consistent with the terms and conditions of the Earlier BCD Resolutions; BE IT FURTHER RESOLVED that the BPMC accepts the Callback Notice and the Authority’s determination that the total amount of the required payment meets all terms and conditions of the Earlier BCD Resolutions; BE IT FURTHER RESOLVED that the attached Amendment to Exhibit A, Resolution No. 2018-01 reflects the actual shares for each Participating Purchaser of the BCD DRAFTDraft – 2022 05 16 Project, now including GVEA, and replaces the existing Exhibit A, Resolution No. 2018- 01. BE IT FURTHER RESOLVED that except for the changes expressly provided in Exhibit A, Resolution No. 2018-01, no further changes have been made to the Earlier BCD Project Resolutions by the adoption of this Resolution No. 2022-06 DATED at Anchorage Alaska, this _____ day of May, 2022. ___________________________________________ Chair, Anthony M. Izzo Attest: ______________________________ Secretary, Curtis Thayer DRAFTDraft – 2022 05 16 FIRST AMENDMENT TO EXHIBIT A TO RESOLUTION NO. 2018-01 Reallocation of BCD Shares – (with revised Exhibit A) DRAFTBattle Creek Monthly Participating Purchaser Contributions Revised Exhibit A Computation of Contribution Amounts Percent Share Assumes GVEA 16.9% purchased proportionately from original participants per Exhibit A of Board Resolution 2018-01 Methodology (A)(B)(C)(D)(E) Battle Creek Participant Contributions Prior to May 1st Battle Creek Participation on May 1st Reallocated Percent on May 1st FY22 Budget Amend 4 GVEA Buy-In Reallocation of Share x FY22 Budget Amend 4 Paid thru 5/31/22 Revised Amount Due or (Refunded) as of 06/01/22 POWER PURCHASER Share (A) x $3,564,354 (B) x 11/12's (C) - (D) Chugach Electric Association 32.72%1,403,682 1,166,459 1,286,709 (120,249) Homer Electric Association 34.44%1,477,109 1,227,478 1,354,017 (126,539) Matanuska Electric Association 14.86%637,324 529,616 584,214 (54,597) City of Seward 1.08%46,338 38,507 42,477 (3,970) GVEA 16.90%602,393 0 602,393 100.00%3,564,453 3,564,453 3,267,415 297,038 Total Paid by GVEA 1,883,993 Prior to May 1st FY22 Portion Due to Orig Participants (602,393) Original %Pre FY22 Contributions to be Refunded 1,281,600 Refund % FY22 - Amounts Due to Original Participants 6/01/22 (E)Pre FY22 by Participant Total Allocation of GVEA Payment Chugach Electric Association 39.38%120,249 504,694 624,943 Homer Electric Association 41.44%126,539 531,095 657,634 Matanuska Electric Association 17.88%54,597 229,150 283,747 City of Seward 1.30%3,970 16,661 20,631 Remain with US Bank for FY22 Bdgt 297,038 297,038 GVEA Share 100.00%602,393 1,281,600 1,883,993 Accounting Entries Dr. (Cr.) Cash Received at US Bank 1,883,993 June 2022 Battle Creek Operating Revenue (297,038)=Bdgt/12 months) Liability for Refund to Utilities-Pre FY22 (1,281,600) Liability for Refund to Utilities-FY22 (305,355) (0) Page 1 of 2 DRAFTALASKA ENERGY AUTHORITY Revised Exhibit A Battle Creek Allocation Revised Exhibit A to Resolution 2018-01 Power Purchaser BCD Percent Share Prior to GVEA Buy-in Re-allocation of 16.9% to GVEA May 1, 2022 BCD Percent Share After GVEA Buy-in Bradley Lake Shares Chugach Electric Association 39.38%6.66%32.72% 56.30% Homer Electric Association 41.44%7.00%34.44% 12.00% Matanuska Electric Association 17.88%3.02%14.86% 13.80% Golden Valley Electric 0.00%0.00%16.90% 16.90% City of Seward 1.30%0.22%1.08%1.00% 100.00%16.90%100.00% 100.00% Page 2 of 2 Bradley Lake Operator Report Page 1 Bradley Lake Operator Report BPMC May 16, 2022 Unit Statistics: Generation Unit 1 (MWhrs) Unit 2 (MWhrs) Total (MWhrs) March 2022 April 2022 May 2022* 7288 8712 5374 4454 4919 1605 11742 13631 6979 Hydraulics Avg. Lake Level (ft.) Usage (ac ft.) Fish water (CFS) March 2022 April 2022 May 2022* 1100 1093 1090 1843 1787 454 54 65 106 Battle Creek Inflows to Bradley Shut down for winter 0 * As of May 15, 2022 Lake Level – 1090.2’ as of May 15, 2022 Activities 1) Bradley Lake Duplex New building –The architect has issued a ‘for review‘ set of project drawings and specification. The Remodeling of the crew’s quarters, employee housing and the new duplex project have been combined into one RFB package to maximize the use of time and resources. We are working toward bidding the project and breaking ground ASAP. The Bradley crew has completed the preliminary clearing and rough grading of the new duplex site. 2) Battle Creek Diversion- The crew will be accessing the diversion site on 17 May 2022 to inspect and put it in service. 3) Fire system – A system inspection was completed the week of November 15th. The PRV was found to be leaking. Chinook is contracted to complete the replacement of the main fire system Pressure Relief Valve and Pressure Control Valve. 4) Project Runway- The runway potholes have been filled and runway graded. 5) Microwave Hut – The road up to the dam is passable to mile 5.4. Above that the drifts are over eight feet deep with three to four feet of snow on the road. The crew used snowmachines to access the Microwave Hut after getting a report of Bradley Lake Operator Report Page 2 excessive temperatures on equipment. The building was found to be at 72*F with levers and fans functioning normally. 6) Snow Machines- The two snow machines that were ordered last year had been delayed due to supply chain issues. They have been received at the dealership and will come over on the next barge. 7) Safety - Green Wing Outdoor Safety conducted the Wildlife Awareness/Spray and Shotgun Defense Training on 2 May 2022. Bradley crew are working on CPR/First Aid refresher training. Expected to have it completed by July 2022. Beacon HSS will be conducting Fire Extinguisher and Fire Hose training for the upcoming June 2022 safety meeting. There have been no lost time or reportable accidents for the months of March, April, and into May. 8) New Hire –The New Operator Nate Cain reported as scheduled 25 April 2022. 9) Barge trip- Date to be determined. 10) Forced Outage- Unit #2 was forced out on 21 April 2022 from 0700hrs. through 1500hrs. We repaired the oil leaks on the RTD temperature probe flanges. The unit was returned to service. 11) Annual Maintenance Outage – Developing the work scope for next year. Battle Creek Recloser behind power tunnel gate house. Bradley Lake Operator Report Page 3 Earthen side of the Dam. Diversion tunnel gate house on top. Bradley river fish water portal below. Bradley Lake Operator Report Page 4 Entrance to power tunnel Gate house. Bradley Lake Budget to Actual Expense Report 07/01/2021 to 03/31/2022 Page 2 of 14 ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT Schedule A Expenses for the period 07/01/21 to 03/31/22 FY21 FY21 FY22 FY22 BUDGET ACTUALS BUDGET ACTUALS Replace/Automate Fish Water Valve Actuators 40,000 - Upgrade Crews Quarters and Residents Kitchen - 139,000 7,300 Battle Creek Bridge Repair - 141,368 80,000 112,337 UPS Replacement 37,000 34,438 - IRIS Air Gap Monitoring System (computer) 45,000 45,000 37,681 Replace Dump Truck and Sander 170,000 166,608 20,000 KVM switch for Emerson 3,000 - Spare Trash Pump 20,000 - Housing Preliminary Design 10,000 10,375 - Emerson Cybersecurity Update 137,000 138,555 - Heavy Duty trailer for equipment 20,000 ABB Replace GIS Actuators 240,000 Replacement pickup truck 45,000 Needle Valve rebuild 150,000 29,727 Start new servo design 100,000 Soldotna SVC Battery Replacement 70,000 Total Non R&C Capital Purchases 462,000 491,344 909,000 187,045 BRADLEY LAKE CAPITAL PURCHASES NOT FUNDED BY R&C FUND Page 3 of 14 ALASKA ENERGY AUTHORITY BRADLEY LAKE OPERATIONS & MAINTENANCE SCHEDULE B BUDGET TO ACTUAL EXPENSES FOR THE PERIOD 07/01/2021 THROUGH 03/31/2022 FY 22 FY 21 FY22 Approved Budget BUDGET % 07/01/2021 - 03/31/2022 HEA Actual CEA Actual AEA Actual Total Actual (Over) Under Budget to Date FY21 Approved Budget FY21 Actual Summary by expense type Labor & Benefits 1,307,994 980,996 711,656 63,710 - 775,366 205,630 1,445,789 1,266,684 Travel 38,450 28,838 1,011 252 168 1,431 27,407 44,950 1,729 Training 49,300 36,975 9,264 - - 9,264 27,712 49,300 25,474 Contractual 1,044,525 783,394 441,055 65,000 196,062 702,117 81,277 954,340 701,749 Contractual - Design Services - - - - - - - 59,000 - Consulting-Administrative - - - - 1,095 1,095 (1,095) 2,500 3,095 Supplies & Materials 429,345 322,009 131,900 24,512 50 156,463 165,546 396,845 282,663 Other Costs 97,318 72,989 25,701 22,182 - 47,883 25,106 70,818 68,510 Equipment, Furniture and Machinery 73,000 54,750 4,557 - - 4,557 50,193 170,000 43,344 Maintenance Projects - - - - - - - - - Administrative Costs 2,158,844 1,413,633 64,168 - 1,455,730 1,519,898 (106,265) 1,274,574 1,233,161 Indirect Costs 1,486,285 1,114,716 831,699 - - 831,699 283,017 1,330,587 1,295,342 O&M 4% Allocation to Battle Creek (190,710) (143,033) - - - - 6,494,351 4,665,268 2,221,010 175,657 1,653,105 4,049,772 615,496 5,798,703 4,921,751 FERC 535 - Operation Supervision & Engineering Operations Sup/Eng Bradley Lake Operating Labor & Benefits 107,604 80,703 65,530 - - 65,530 15,173 107,453 89,713 Travel 10,450 7,838 854 - - 854 6,984 10,450 246 Training 9,300 6,975 113 - - 113 6,862 9,300 991 Contractual 11,000 8,250 - - - - 8,250 1,000 173 Supplies & Materials 4,000 3,000 947 - - 947 2,053 4,000 3,698 Administrative Costs - - - - - - - - - Indirect Costs 155,698 116,774 89,713 - - 89,713 27,061 155,698 128,545 Bradley Lake Operating Total 298,052 223,540 157,157 - - 157,157 66,383 287,901 223,366 FERC 535 - Operation Supervision & Engineering Total 298,052 223,540 157,157 - - 157,157 66,383 287,901 223,366 FERC 537 - Hydraulic Expenses Hydraulic Expenses Bradley Lake Operating Labor & Benefits 84,192 63,144 50,150 - - 50,150 12,994 84,081 67,694 Travel 8,000 6,000 73 - - 73 5,927 10,000 - Contractual 73,000 54,750 5,772 - - 5,772 48,978 22,000 - Contractual - Design Services - - - - - - - - - Supplies & Materials 16,000 12,000 93 - - 93 11,907 19,000 9,806 Equipment, Furniture and Machinery 39,000 29,250 - - - - 29,250 81,000 13,368 Administrative Costs - - - - - - - - - Indirect Costs 114,320 85,740 68,043 - - 68,043 17,697 107,519 98,886 Bradley Lake Operating Total 334,512 250,884 124,130 - - 124,130 126,754 323,600 189,754 Bradley Battle Creek Diversion Bradley Battle Creek Diversion Total - - - - - - - - - FERC 537 - Hydraulic Expenses Total 334,512 250,884 124,130 - - 124,130 126,754 323,600 189,754 FERC 538 - Electric Expenses Electric Expenses Bradley Lake Operating Labor & Benefits 218,044 163,533 153,754 - - 153,754 9,779 208,745 210,745 Travel 7,000 5,250 - - - - 5,250 7,000 3,140 Training 25,000 18,750 9,150 - - 9,150 9,600 25,000 13,884 Contractual 5,000 3,750 - - - - 3,750 7,000 2,587 Supplies & Materials 42,732 32,049 8 - - 8 32,041 50,732 14,111 Other Costs - - - - - - - - - Equipment, Furniture and Machinery 11,000 8,250 - - - - 8,250 63,000 91,512 Administrative Costs - - 37,934 - - 37,934 (37,934) - - Indirect Costs 262,004 196,503 139,914 - - 139,914 56,589 242,067 257,551 Bradley Lake Operating Total 570,780 428,085 340,760 - - 340,760 87,325 603,544 593,531 FERC 538 - Electric Expenses Total 570,780 428,085 340,760 - - 340,760 87,325 603,544 593,531 FERC 539 - Misc. Hydraulic Power Generation Expenses Misc Hydro Power Exp Bradley Lake Operating Labor & Benefits 104,788 78,591 50,177 - - 50,177 28,414 104,936 70,195 Training 15,000 11,250 - - - - 11,250 15,000 - Contractual 287,525 215,644 180,049 - - 180,049 35,595 287,525 185,822 Supplies & Materials 17,900 13,425 20,403 - 50 20,453 (7,028) 17,900 31,569 Other Costs - - (714) - - (714) 714 - - Administrative Costs - - - - - - - - - Indirect Costs 114,320 85,740 68,032 - - 68,032 17,708 107,519 98,544 Bradley Lake Operating Total 539,533 404,650 317,946 - 50 317,996 86,654 532,880 386,130 BRADLEY CIRCUITS/RADIO TO BERNICE LK Other Costs 35,695 26,771 26,415 - - 26,415 356 35,695 35,696 BRADLEY CIRCUITS/RADIO TO BERNICE LK Total 35,695 26,771 26,415 - - 26,415 356 35,695 35,696 BRADLEY CIRCUITS BERNICE LK TO ANCH Other Costs 29,773 22,330 - 22,182 - 22,182 148 29,773 29,194 BRADLEY CIRCUITS BERNICE LK TO ANCH Total 29,773 22,330 - 22,182 - 22,182 148 29,773 29,194 FERC 539 - Misc. Hydraulic Power Generation Expenses Total 605,001 453,751 344,361 22,182 50 366,593 87,158 598,348 451,020 Page 4 of 14 ALASKA ENERGY AUTHORITY BRADLEY LAKE OPERATIONS & MAINTENANCE SCHEDULE B BUDGET TO ACTUAL EXPENSES FOR THE PERIOD 07/01/2021 THROUGH 03/31/2022 FY 22 FY 21 FY22 Approved Budget BUDGET % 07/01/2021 - 03/31/2022 HEA Actual CEA Actual AEA Actual Total Actual (Over) Under Budget to Date FY21 Approved Budget FY21 Actual FERC 541 - Maintenance Supervision & Engineering Maint Supervision/Eng Bradley Lake Operating Labor & Benefits 114,758 86,069 73,402 - - 73,402 12,667 114,456 84,904 Administrative Costs - - - - - - - - - Indirect Costs 155,698 116,774 90,674 - - 90,674 26,100 155,698 121,096 Bradley Lake Operating Total 270,456 202,843 164,075 - - 164,075 38,768 270,154 206,000 FERC 541 - Maintenance Supervision & Engineering Total 270,456 202,843 164,075 - - 164,075 38,768 270,154 206,000 FERC 542 - Maintenance of Structures Maintenance of Structures Bradley Lake Operating Labor & Benefits 77,639 58,229 46,978 - - 46,978 11,251 76,499 62,612 Contractual 89,000 66,750 57,452 - - 57,452 9,298 91,000 3,682 Supplies & Materials 243,713 182,785 34,037 - - 34,037 148,748 88,713 39,489 Equipment, Furniture and Machinery 23,000 17,250 4,557 - - 4,557 12,693 32,000 22,552 Administrative Costs - - 6,776 - - 6,776 (6,776) - - Indirect Costs 105,421 79,066 57,043 - - 57,043 22,023 97,823 91,244 Bradley Lake Operating Total 538,773 404,080 206,843 - - 206,843 197,237 386,035 219,579 FERC 542 - Maintenance of Structures Total 538,773 404,080 206,843 - - 206,843 197,237 386,035 219,579 FERC 543 - Maintenance of Reservoirs, Dams & Waterways Maint Res, Dams, WWays Bradley Lake Operating Labor & Benefits 40,744 30,558 217 - - 217 30,341 45,080 1,335 Travel 5,000 3,750 - - - - 3,750 - - Contractual 6,500 4,875 - - - - 4,875 6,500 - Supplies & Materials 15,000 11,250 - - - - 11,250 - - Administrative Costs - - - - - - - - - Indirect Costs 56,689 42,517 168 - - 168 42,349 56,322 1,693 Bradley Lake Operating Total 123,933 92,950 384 - - 384 92,566 107,902 3,027 BRADLEY POWER TUNNEL MAINT (Dam) Contractual 15,000 11,250 - - - - 11,250 15,000 - BRADLEY POWER TUNNEL MAINT (Dam) Total 15,000 11,250 - - - - 11,250 15,000 - FERC 543 - Maintenance of Reservoirs, Dams & Waterways Tota 138,933 104,200 384 - - 384 103,816 122,902 3,027 FERC 544 - Maintenance of Electric Plant Maintenance of Elec Plant Bradley Lake Operating Labor & Benefits 309,110 231,833 187,590 - - 187,590 44,243 273,620 249,706 Travel 4,500 3,375 83 - - 83 3,292 4,500 - Contractual 49,000 36,750 71,566 - - 71,566 (34,816) 49,000 19,661 Supplies & Materials 30,000 22,500 17,813 - - 17,813 4,687 70,000 66,370 Administrative Costs - - - - - - - - - Indirect Costs 423,178 317,384 254,094 - - 254,094 63,290 368,424 362,402 Bradley Lake Operating Total 815,788 611,842 531,147 - - 531,147 80,695 765,544 698,139 FERC 544 - Maintenance of Electric Plant Total 815,788 611,842 531,147 - - 531,147 80,695 765,544 698,139 FERC 545 - Maintenance of Misc. Hydraulic Plant Maint of Misc Hydr Plant Bradley Lake Operating Labor & Benefits 69,297 51,973 47,309 - - 47,309 4,664 69,395 62,843 Contractual 3,900 2,925 - - - - 2,925 3,900 6,763 Supplies & Materials 34,000 25,500 26,229 - - 26,229 (729) 63,000 93,510 Administrative Costs - - - - - - - - 313 Indirect Costs 98,957 74,218 64,019 - - 64,019 10,199 92,318 91,280 Bradley Lake Operating Total 206,154 154,616 137,556 - - 137,556 17,060 228,613 254,709 FERC 545 - Maintenance of Misc. Hydraulic Plant Total 206,154 154,616 137,556 - - 137,556 17,060 228,613 254,709 Page 5 of 14 ALASKA ENERGY AUTHORITY BRADLEY LAKE OPERATIONS & MAINTENANCE SCHEDULE B BUDGET TO ACTUAL EXPENSES FOR THE PERIOD 07/01/2021 THROUGH 03/31/2022 FY 22 FY 21 FY22 Approved Budget BUDGET % 07/01/2021 - 03/31/2022 HEA Actual CEA Actual AEA Actual Total Actual (Over) Under Budget to Date FY21 Approved Budget FY21 Actual FERC 556 - System Control & Load Dispatching System Cntl & Load Disp Bradley Lake Operating Labor & Benefits 19,708 14,781 8,786 - - 8,786 5,995 21,140 37,091 Contractual 53,000 39,750 88,584 - - 88,584 (48,834) 53,000 57,365 Supplies & Materials 6,000 4,500 6,475 - - 6,475 (1,975) 6,000 3,204 Administrative Costs - - - - - - - - - Bradley Lake Operating Total 78,708 59,031 103,845 - - 103,845 (44,814) 80,140 97,661 Bradley Battle Creek Diversion Bradley Battle Creek Diversion Total - - - - - - - - - Snow Measurement Bradley Lake Operating Contractual 10,000 7,500 - - 10,000 10,000 (2,500) 10,000 10,000 Administrative Costs - - - - - - - - - Bradley Lake Operating Total 10,000 7,500 - - 10,000 10,000 (2,500) 10,000 10,000 Seismic Service Bradley Lake Operating Contractual 62,000 46,500 - - 37,541 37,541 8,959 62,000 56,310 Administrative Costs - - - - - - - - - Bradley Lake Operating Total 62,000 46,500 - - 37,541 37,541 8,959 62,000 56,310 Streamguaging Serv Bradley Lake Operating Contractual 218,000 163,500 - - 148,521 148,521 14,979 209,917 189,917 Administrative Costs - - - - - - - - - Bradley Lake Operating Total 218,000 163,500 - - 148,521 148,521 14,979 209,917 189,917 Permits Bradley Lake Operating Other Costs 350 263 - - - - 263 350 758 Administrative Costs - - - - - - - - - Bradley Lake Operating Total 350 263 - - - - 263 350 758 FERC 556 - System Control & Load Dispatching Total 369,058 276,794 103,845 - 196,062 299,907 (23,113) 362,407 354,646 FERC 562 - Station Expenses Station Expenses Bradley Lake Operating Labor & Benefits 134,147 100,610 27,766 63,710 - 91,476 9,134 87,072 72,086 Travel 3,500 2,625 - 252 - 252 2,373 4,000 2,596 Contractual 61,600 46,200 37,632 65,000 - 102,632 (56,432) 2,000 51,167 Supplies & Materials 15,000 11,250 25,896 24,512 - 50,408 (39,158) 22,000 613 Other Costs 31,500 23,625 - - - - 23,625 2,000 - Equipment, Furniture and Machinery - - - - - - - - - Administrative Costs - - - - - - - - - Bradley Lake Operating Total 245,747 184,310 91,293 153,475 - 244,768 (60,458) 117,072 126,462 FERC 562 - Station Expenses Total 245,747 184,310 91,293 153,475 - 244,768 (60,458) 117,072 126,462 FERC 571 - Maintenance of Overhead Lines Maint of OH Lines Bradley Lake Operating Labor & Benefits 27,963 20,972 - - - - 20,972 27,459 2,507 Contractual 100,000 75,000 - - - - 75,000 10,000 4,530 Supplies & Materials 5,000 3,750 - - - - 3,750 50,000 66,883 Administrative Costs - - - - - - - 5,000 - Equipment, Furniture and Machinery - - - - - - - - 103 Bradley Lake Operating Total 132,963 99,722 - - - - 99,722 92,459 74,024 FERC 571 - Maintenance of Overhead Lines Total 132,963 99,722 - - - - 99,722 92,459 74,024 Page 6 of 14 ALASKA ENERGY AUTHORITY BRADLEY LAKE OPERATIONS & MAINTENANCE SCHEDULE B BUDGET TO ACTUAL EXPENSES FOR THE PERIOD 07/01/2021 THROUGH 03/31/2022 FY 22 FY 21 FY22 Approved Budget BUDGET % 07/01/2021 - 03/31/2022 HEA Actual CEA Actual AEA Actual Total Actual (Over) Under Budget to Date FY21 Approved Budget FY21 Actual FERC 920 & 930 - Administrative Expense AEA Bradley Fixed Admin Fees Bradley Lake Operating AEA Staff Professional Services (Direct)274,000 205,500 - - 220,731 220,731 (15,231) 200,000 200,000 Travel - - - - 168 168 (168) - - Administrative Costs 2,500 1,875 - - 1,095 1,095 780 - - Bradley Lake Operating Total 276,500 207,375 - - 221,994 221,994 (14,619) 200,000 200,000 Battle Creek Operating Battle Creek Operating Total - - - - - - - - - Shared - 100% AEA Bradley Lake Administrative Costs - - - - - - - - - Shared - 100% AEA Bradley Lake Total - - - - - - - - - Operating Committee Exp-Audit Bradley Lake Operating Administrative Costs 19,900 14,925 - - 23,660 23,660 (8,735) 19,900 20,298 Bradley Lake Operating Total 19,900 14,925 - - 23,660 23,660 (8,735) 19,900 20,298 Operating Committee Exp-Legal Bradley Lake Operating Administrative Costs 70,000 52,500 (313) - 181,583 181,270 (128,770) 30,000 215,162 Bradley Lake Operating Total 70,000 52,500 (313) - 181,583 181,270 (128,770) 30,000 215,162 Operat Committee Exp-Arbitrage Bradley Lake Operating Administrative Costs 5,000 3,750 - - 35 35 3,715 3,000 2,685 Bradley Lake Operating Total 5,000 3,750 - - 35 35 3,715 3,000 2,685 Trust & Account Fees Bradley Lake Operating Administrative Costs 13,000 9,750 - - - - 9,750 11,918 12,118 Bradley Lake Operating Total 13,000 9,750 - - - - 9,750 11,918 12,118 Misc Admin Bradley Lake Operating Administrative Costs 12,000 9,000 - - 13,190 13,190 (4,190) 11,646 12,000 Bradley Lake Operating Total 12,000 9,000 - - 13,190 13,190 (4,190) 11,646 12,000 Professional consultants Bradley Lake Operating Bradley Lake Operating Total - - - - - - - - - FERC 920 & 930 - Administrative Expense Total 396,400 297,300 (313) - 440,462 440,149 (142,849) 276,464 462,263 FERC 924 & 925 - Insurance Premiums Insurance Premiums Bradley Lake Operating Administrative Costs 1,382,444 1,036,833 19,771 - 902,394 922,166 114,667 631,000 653,129 Bradley Lake Operating Total 1,382,444 1,036,833 19,771 - 902,394 922,166 114,667 631,000 653,129 Risk Management Bradley Lake Operating Administrative Costs 25,000 18,750 - - - - 18,750 - - Bradley Lake Operating Total 25,000 18,750 - - - - 18,750 - - FERC 924 & 925 - Insurance Premiums Total 1,407,444 1,055,583 19,771 - 902,394 922,166 133,417 631,000 653,129 FERC 928 - Regulatory Commission Expenses FERC Admin Fees Bradley Lake Operating Administrative Costs 150,000 112,500 - - - - 112,500 185,000 169,976 Bradley Lake Operating Total 150,000 112,500 - - - - 112,500 185,000 169,976 FERC Related Prof Services Bradley Lake Operating Administrative Costs - - - - - - - - - Bradley Lake Operating Total - - - - - - - - - BRADLEY FERC PART 12 INSPECTION Administrative Costs 25,000 18,750 - - 29,478 29,478 (10,728) - - BRADLEY FERC PART 12 INSPECTION Total 25,000 18,750 - - 29,478 29,478 (10,728) - - BRADLEY CONTRACTUAL ENGINEER-FERC LICENSE ISSUES Administrative Costs 180,000 135,000 - - 84,658 84,658 50,342 100,000 88,256 BRADLEY CONTRACTUAL ENGINEER-FERC LICENSE ISSUES 180,000 135,000 - - 84,658 84,658 50,342 100,000 88,256 FERC 928 - Regulatory Commission Expenses Total 355,000 266,250 - - 114,136 114,136 152,114 285,000 258,232 O&M 4% Allocation to Battle Creek (190,710) (143,033) - - - - - Total Bradley Lake Budget 6,494,351 4,665,268 2,221,010 175,657 1,653,105 4,049,772 615,496 5,798,703 4,921,751 Page 7 of 14 BRADLEY LAKE R&C FUND DISBURSEMENTS AND REPAYMENTS SCHEDULE D Expenses for the period 07/01/21 to 03/31/22 Actual Projected Actual Projected @ 6/30/21 TO REPAY @ 3/31/22 TO REPAY Budget Description Expense @6/30/21 Expense @3/31/22 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 0.00 342,330.00 342,330.00 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 0.00 0.00 57,067.50 57,067.50 980,000.00 Spillway Raise & Expansion Project 0.00 0.00 310,291.81 310,291.81 500,000.00 5,286,834.31 32,307,392.30 712,577.08 33,019,969.38 1,630,000.00 Current Year R&C Repayment (2,209,060.11)(184,000.00) Adjust balance to $5 million 0.00 0.00 Interest in Fund Applied to Repayment (269,487.40)(41,301.90) Net Transfer from Revenue Fund (2,478,547.51)(225,301.90) Cumulative Prior Years R&C Repayments (25,518,390.50)(27,707,352.30) Due to (from) Utilities 289,585.71 (1,806,452.68) Adjust Due to R&C Actual 0.00 0.00 (25,228,804.79)(29,513,804.98) NET DUE TO R&C FUND 4,600,040.00 3,280,862.50 R&C FUND CASH FLOW PROJECTION Beginning Investment Balance 3,922,231.19 1,069,522.90 Disbursements-current year -Accrual (4,906,857.12)669,562.90 Disbursements-prior year accrued (406,104.23)(379,977.19) Utilities' R&C Refund (18,294.45)(289,585.71) Net other cash inflow(outflow)0.00 0.00 Current year interest earnings 269,487.40 41,301.90 Participants Contributions to R&C Fund 2,209,060.11 184,000.00 Ending Investment Balance 1,069,522.90 1,294,824.80 Accrued Due to (from) Utilities (289,585.71)1,806,452.68 R&C payable back to the revenue fund 0.00 0.00 Accrued R&C vendor Payable at Year End (379,977.19)(1,382,139.98) PROJECTED NET DUE + ENDING INVESTMENT BALANCE 5,000,000.00 5,000,000.00 REPAYMENT AMOUNT $1,341,405.96 x 25% all 4 years (FY18)4th 335,351.49 $1,715,556.80 x 25% all 4 years (FY19)3rd 428,889.20 4th 428,889.20 $412,050.13 x 25% all 4 years (FY20)2nd 103,012.53 3rd 103,012.53 $5,286,834.31 x 25% all 4 years (FY21)1st 1,321,708.58 2nd 1,321,708.58 FY22 ACTUALS 1st 178,144.27 2,188,961.80 2,031,754.58 Page 8 of 14 ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT Battle Creek Capital Purchases Schedule E Expenses for the period 07/01/21 to 03/31/22 FY21 FY21 FY22 FY22 Budget Actual Budget Actual Battle Creek Diversion 320,000 7,913 Battle Creek Associated Costs 15,000 20,920 Vent Enlargment 50,000 13,000 Pressure Sensor w SCADA 25,000 2,730 Power feed to LBC Bridge 25,000 19,548 Total Non R&C Capital Purchases 320,000 7,913 115,000 56,199 BATTLE CREEK CAPITAL PURCHASES NOT FUNDED BY R&C FUND Page 9 of 14 ALASKA ENERGY AUTHORITY BATTLE CREEK OPERATIONS & MAINTENANCE SCHEDULE F BUDGET TO ACTUAL EXPENSES FOR THE PERIOD 07/01/2021 THROUGH 03/31/2022 FY 22 FY 21 FY22 Approved Budget BUDGET % 07/01/2021 - 03/31/2022 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 AEA Staff Professional Services (Direct)71,000 53,250 - - 23,659 23,659 29,591 - 22,840 Labor & Benefits - - 29,652 - - 29,652 (29,652) - - Travel - - 42 - - 42 (42) - - Training - - 386 - - 386 (386) - - Contractual 126,000 94,500 18,377 - 33,750 52,127 42,373 111,000 82,481 Supplies & Materials - - 5,496 - - 5,496 (5,496) - - Other Costs - - 1,071 - - 1,071 (1,071) - - Equipment, Furniture and Machinery - - 190 - - 190 (190) - - Administrative Costs 202,610 8,925 2,674 - 4,000 6,674 2,251 436,714 368,337 Indirect Costs - - 34,654 - - 34,654 (34,654) - - O&M 4% Allocation to Battle Creek 190,710 143,033 - - - - - 590,320 299,708 92,542 - 61,409 153,951 145,757 547,714 475,832 FERC 535 - Operation Supervision & Engineering Operations Sup/Eng Battle Creek Operating Labor & Benefits - - 2,730 - - 2,730 (2,730) - - Travel - - 36 - - 36 (36) - - Training - - 5 - - 5 (5) - - Supplies & Materials - - 39 - - 39 (39) - - Administrative Costs - - - - - - - - 9,745 Indirect Costs - - 3,738 - - 3,738 (3,738) - - Battle Creek Operating Total - - 6,548 - - 6,548 (6,548) - 9,745 FERC 535 - Operation Supervision & Engineering Total - - 6,548 - - 6,548 (6,548) - 9,745 FERC 537 - Hydraulic Expenses Hydraulic Expenses Bradley Battle Creek Diversion Bradley Battle Creek Diversion Total - - - - - - - - - Battle Creek Operating Labor & Benefits - - 2,090 - - 2,090 (2,090) - - Travel - - 3 - - 3 (3) - - Contractual 81,000 60,750 240 - - 240 60,510 66,000 37,481 Supplies & Materials - - 4 - - 4 (4) - - Administrative Costs - - - - - - - - 8,712 Indirect Costs - - 2,835 - - 2,835 (2,835) - - Battle Creek Operating Total 81,000 60,750 5,172 - - 5,172 55,578 66,000 46,193 FERC 537 - Hydraulic Expenses Total 81,000 60,750 5,172 - - 5,172 55,578 66,000 46,193 FERC 538 - Electric Expenses Electric Expenses Battle Creek Operating Labor & Benefits - - 6,406 - - 6,406 (6,406) - - Training - - 381 - - 381 (381) - - Supplies & Materials - - 0 - - 0 (0) - - Administrative Costs - - 1,581 - - 1,581 (1,581) - 25,026 Indirect Costs - - 5,830 - - 5,830 (5,830) - - Battle Creek Operating Total - - 14,198 - - 14,198 (14,198) - 25,026 FERC 538 - Electric Expenses Total - - 14,198 - - 14,198 (14,198) - 25,026 Page 10 of 14 ALASKA ENERGY AUTHORITY BATTLE CREEK OPERATIONS & MAINTENANCE SCHEDULE F BUDGET TO ACTUAL EXPENSES FOR THE PERIOD 07/01/2021 THROUGH 03/31/2022 FY 22 FY 21 FY22 Approved Budget BUDGET % 07/01/2021 - 03/31/2022 HEA Actual CEA Actual AEA Actual Total Actual (Over) Under Budget to Date FY21 Approved Budget FY21 Actual FERC 539 - Misc. Hydraulic Power Generation Expenses Misc Hydro Power Exp BRADLEY CIRCUITS/RADIO TO BERNICE LK Other Costs - - 357 - - 357 (357) - - BRADLEY CIRCUITS/RADIO TO BERNICE LK Total - - 357 - - 357 (357) - - Battle Creek Operating Labor & Benefits - - 2,091 - - 2,091 (2,091) - - Contractual - - 7,502 - - 7,502 (7,502) - - Supplies & Materials - - 850 - - 850 (850) - - Other Costs - - 714 - - 714 (714) - - Administrative Costs - - - - - - - - 21,052 Indirect Costs - - 2,835 - - 2,835 (2,835) - - Battle Creek Operating Total - - 13,991 - - 13,991 (13,991) - 21,052 FERC 539 - Misc. Hydraulic Power Generation Expenses Total - - 14,348 - - 14,348 (14,348) - 21,052 FERC 541 - Maintenance Supervision & Engineering Maint Supervision/Eng Battle Creek Operating Labor & Benefits - - 3,058 - - 3,058 (3,058) - - Administrative Costs - - - - - - - - 9,493 Indirect Costs - - 3,778 - - 3,778 (3,778) - - Battle Creek Operating Total - - 6,836 - - 6,836 (6,836) - 9,493 FERC 541 - Maintenance Supervision & Engineering Total - - 6,836 - - 6,836 (6,836) - 9,493 FERC 542 - Maintenance of Structures Maintenance of Structures Battle Creek Operating Labor & Benefits - - 1,957 - - 1,957 (1,957) - - Contractual - - 2,394 - - 2,394 (2,394) - - Supplies & Materials - - 1,418 - - 1,418 (1,418) - - Equipment, Furniture and Machinery - - 190 - - 190 (190) - - Administrative Costs - - 282 - - 282 (282) - 11,689 Indirect Costs - - 2,377 - - 2,377 (2,377) - - Battle Creek Operating Total - - 8,618 - - 8,618 (8,618) - 11,689 FERC 542 - Maintenance of Structures Total - - 8,618 - - 8,618 (8,618) - 11,689 FERC 543 - Maintenance of Reservoirs, Dams & Waterways Maint Res, Dams, WWays Battle Creek Operating 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 Tota - - 16 - - 16 (16) - 55 FERC 544 - Maintenance of Electric Plant Maintenance of Elec Plant Battle Creek Operating Labor & Benefits - - 7,816 - - 7,816 (7,816) - - Travel - - 3 - - 3 (3) - - Contractual - - 2,982 - - 2,982 (2,982) - - Supplies & Materials - - 742 - - 742 (742) - - Administrative Costs - - - - - - - - 31,974 Indirect Costs - - 10,587 - - 10,587 (10,587) - - Battle Creek Operating Total - - 22,131 - - 22,131 (22,131) - 31,974 FERC 544 - Maintenance of Electric Plant Total - - 22,131 - - 22,131 (22,131) - 31,974 Page 11 of 14 ALASKA ENERGY AUTHORITY BATTLE CREEK OPERATIONS & MAINTENANCE SCHEDULE F BUDGET TO ACTUAL EXPENSES FOR THE PERIOD 07/01/2021 THROUGH 03/31/2022 FY 22 FY 21 FY22 Approved Budget BUDGET % 07/01/2021 - 03/31/2022 HEA Actual CEA Actual AEA Actual Total Actual (Over) Under Budget to Date FY21 Approved Budget FY21 Actual FERC 545 - Maintenance of Misc. Hydraulic Plant Maint of Misc Hydr Plant Battle Creek Operating Labor & Benefits - - 1,971 - - 1,971 (1,971) - - Supplies & Materials - - 1,093 - - 1,093 (1,093) - - Administrative Costs - - - - - - - - 9,789 Indirect Costs - - 2,667 - - 2,667 (2,667) - - Battle Creek Operating Total - - 5,732 - - 5,732 (5,732) - 9,789 FERC 545 - Maintenance of Misc. Hydraulic Plant Total - - 5,732 - - 5,732 (5,732) - 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 - - 366 - - 366 (366) - - Contractual - - 3,691 - - 3,691 (3,691) - - Supplies & Materials - - 270 - - 270 (270) - - Administrative Costs - - - - - - - - 997 Battle Creek Operating Total - - 4,327 - - 4,327 (4,327) - 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 33,750 - - 33,750 33,750 - 45,000 33,750 Administrative Costs - - - - - - - - 7,745 Battle Creek Operating Total 45,000 33,750 - - 33,750 33,750 - 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 33,750 4,327 - 33,750 38,077 (4,327) 45,000 56,596 FERC 562 - Station Expenses Station Expenses Battle Creek Operating Labor & Benefits - - 1,157 - - 1,157 (1,157) - - Contractual - - 1,568 - - 1,568 (1,568) - - Supplies & Materials - - 1,079 - - 1,079 (1,079) - - Administrative Costs - - - - - - - - 4,210 Battle Creek Operating Total - - 3,804 - - 3,804 (3,804) - 4,210 FERC 562 - Station Expenses Total - - 3,804 - - 3,804 (3,804) - 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 Page 12 of 14 ALASKA ENERGY AUTHORITY BATTLE CREEK OPERATIONS & MAINTENANCE SCHEDULE F BUDGET TO ACTUAL EXPENSES FOR THE PERIOD 07/01/2021 THROUGH 03/31/2022 FY 22 FY 21 FY22 Approved Budget BUDGET % 07/01/2021 - 03/31/2022 HEA Actual CEA Actual AEA Actual Total Actual (Over) Under Budget to Date FY21 Approved Budget FY21 Actual 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 AEA Staff Professional Services (Direct)71,000 53,250 - - 23,659 23,659 29,591 - 22,840 Administrative Costs - - - - - - - 314,664 33,197 Battle Creek Operating Total 71,000 53,250 - - 23,659 23,659 29,591 314,664 56,611 Shared - 100% AEA Battle Creek Administrative Costs - - - - - - - - 32,773 Shared - 100% AEA Battle Creek Total - - - - - - - - 32,773 Operating Committee Exp-Audit Battle Creek Operating Administrative Costs - - - - - - - - 880 Battle Creek Operating Total - - - - - - - - 880 Operating Committee Exp-Legal Bradley Battle Creek Diversion Administrative Costs - - - - 133 133 (133) - 219 Bradley Battle Creek Diversion Total - - - - 133 133 (133) - 219 Battle Creek Operating Administrative Costs 5,000 3,750 313 - (133) 181 3,569 30,000 19,711 Battle Creek Operating Total 5,000 3,750 313 - (133) 181 3,569 30,000 19,711 Operat Committee Exp-Arbitrage Bradley Battle Creek Diversion Bradley Battle Creek Diversion Total - - - - - - - - - Battle Creek Operating Administrative Costs 2,000 1,500 - - - - 1,500 2,000 1,807 Battle Creek Operating Total 2,000 1,500 - - - - 1,500 2,000 1,807 Trust & Account Fees Bradley Battle Creek Diversion Bradley Battle Creek Diversion Total - - - - - - - - - Battle Creek Operating Administrative Costs 4,800 3,600 - - 4,000 4,000 (400) 8,800 8,077 Battle Creek Operating Total 4,800 3,600 - - 4,000 4,000 (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 75 - - - - 75 100 24,922 Battle Creek Operating Total 100 75 - - - - 75 100 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 82,900 62,175 313 - 27,659 27,972 34,203 436,714 204,563 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 O&M 4% Allocation to Battle Creek 190,710 143,033 - - - - - - - Total Bradley Lake Budget 399,610 299,708 92,542 - 61,409 153,951 2,724 547,714 475,832 Page 13 of 14 ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT SSQ Line Capital Purchases Schedule H Expenses for the period 07/01/21 to 03/31/22 FY21 FY21 FY22 FY22 Budget Actuals Budget Actuals SQ Line - 69kv Remediation 4,665 SQ Line Due Diligence Inspect/Repair 2,350 SQ Line Access Documentation 150,000 3,127 6,411 SQ Line Acquisition Costs 40,000 46,029 2,026 SQ Soldotna-Qtz Ck 230kV Construction 750,000 22,336 Less paid from Bond Construction Fund (10,430) Total Non R&C Capital Purchases 190,000 49,156 750,000 27,357 SSQ LINE CAPITAL PURCHASES NOT FUNDED BY R&C FUND Page 14 of 14 ALASKA ENERGY AUTHORITY SSQ LINE OPERATIONS & MAINTENANCE SCHEDULE I BUDGET TO ACTUAL EXPENSES FOR THE PERIOD 07/01/2021 THROUGH 03/31/2022 FY 22 FY 21 FY22 Approved Budget BUDGET % 07/01/2021 - 03/31/2022 HEA Actual CEA Actual AEA Actual Total Actual (Over) Under Budget to Date FY21 Approved Budget FY21 Actual Summary by expense type AEA Staff Professional Services (Direct)42,000 31,500 - - 29,737 29,737 1,763 - 8,607 Labor & Benefits 85,820 64,365 4,305 - - 4,305 60,060 32,500 - Travel - - 404 - - 404 (404) - - Contractual 250,000 187,500 25,000 - 17,897 42,897 144,603 110,000 - Permitting - - - - 2,848 2,848 (2,848) - - Supplies & Materials 56,992 42,744 1,561 - - 1,561 41,183 7,500 - Other Costs 7,711 5,783 - - 1,250 1,250 4,533 - - Administrative Costs 2,000 1,500 - - 2,000 2,000 (500) 20,000 10,446 444,523 333,392 31,270 - 53,733 85,003 248,389 170,000 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 Permitting - - - - 2,848 2,848 (2,848) - - SSQ Line Operating Total - - - - 2,848 2,848 (2,848) - - FERC 556 - System Control & Load Dispatching Total - - - - 2,848 2,848 (2,848) - - FERC 571 - Maintenance of Overhead Lines Maint of OH Lines SSQ Line Operating Labor & Benefits 85,820 64,365 4,305 - - 4,305 60,060 32,500 - Travel - - 404 - - 404 (404) - - Contractual 250,000 187,500 25,000 - 17,897 42,897 144,603 110,000 - Supplies & Materials 56,992 42,744 1,561 - - 1,561 41,183 7,500 - Other Costs 7,711 5,783 - - - - 5,783 - - SSQ Line Operating Total 400,523 300,392 31,270 - 17,897 49,167 251,225 150,000 - FERC 571 - Maintenance of Overhead Lines Total 400,523 300,392 31,270 - 17,897 49,167 251,225 150,000 - FERC 920 & 930 - Administrative Expense AEA Bradley Fixed Admin Fees SSQ Capital Acquisition SSQ Capital Acquisition Total - - - - - - - - - SSQ Line Operating AEA Staff Professional Services (Direct)42,000 31,500 - - 29,737 29,737 1,763 - 8,607 Administrative Costs - - - - - - - 20,000 1,587 SSQ Line Operating Total 42,000 31,500 - - 29,737 29,737 1,763 20,000 10,194 Shared - 100% AEA Bradley Lake Administrative Costs - - - - - - - - 5,487 Shared - 100% 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 1,500 - - 2,000 2,000 (500) - - SSQ Line Operating Total 2,000 1,500 - - 2,000 2,000 (500) - - FERC 920 & 930 - Administrative Expense Total 44,000 33,000 - - 31,737 31,737 1,263 20,000 18,997 FERC 924 & 925 - Insurance Premiums Insurance Premiums SSQ Line Operating 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 444,523 333,392 31,270 - 53,733 85,003 248,389 170,000 19,053