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HomeMy WebLinkAbout2022-07-29 BPMC Agenda and docs BRADLEY LAKE PROJECT MANAGEMENT COMMITTEE REGULAR MEETING AGENDA Friday, July 29, 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 – June 24, 2022, July 15, 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 Project. 8. NEW BUSINESS A. Annual Meeting and Election of Officers B. FY23 Budget Amendment 9. OLD BUSINESS A. Required Project Work i. Special Committee on Required Project Work Brad Janorschke ii. Bond Financing Update Sherri Highers iii. Railbelt Regional Coordination Update Brian Hickey 10. OPERATORS REPORT HEA 11. COMMITTEE REPORTS A. O & D Report Russell Thornton 12. COMMITTEE ASSIGNMENTS 13. MEMBERS COMMENTS 14. NEXT MEETING DATE – September 30, 2022 15. ADJOURNMENT ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT FY2023 PROPOSED BUDGET - AMEND 3 DATE: JULY 29, 2022 Page 2 of 22 ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT 2023 Budget Contents Schedule Description Page # Summary FY23 Proposed 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 3 of 22 ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT Budget Summary A B C D E F G FY2021 FY2022 FY2023 FY2023 FY2023 FY2020 FY2021 Amended Amended Amended Proposed Amend 3 Bradley Lake (excluding Battle Creek & SSQ Line shown below)Actuals Actuals Budget Budget Budget Changes Budget Revenues, Expenses & Changes in surplus Revenues Utility Contributions (sch C)18,507,495 15,327,573 16,403,421 8,105,065 9,671,270 401,015 10,072,285 Other Miscellaneous-R&C Fund Cash Call - 1,976,230 1,799,000 - - - - Interest Income 1,887,786 752,000 750,000 903,500 - - - Excess Payment Agreement 12,010,956 - 12,010,956 Other Available Funds - 1,325,513 1,325,513 - - - - 20,395,281 19,381,316 20,277,934 9,008,565 21,682,226 401,015 22,083,241 Expenses Operations & Maintenance (sch B)4,773,126 4,921,752 5,798,702 6,606,170 6,465,940 334,179 6,800,119 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 Renewals/Replacements (R&C Fund Cash Call) (sch D)- 750,000 750,000 - - - Non R&C Capital Purchases (sch A)283,425 540,501 652,000 909,000 1,558,000 1,558,000 Transfer To(From) Operating Reserve 112,715 276,375 84,752 161,494 (5,682) 66,836 61,153 Debt Service 12,778,775 11,453,263 11,453,263 - - - Arbitrage Transfer 168,938 354,464 354,464 - - - Excess Payment Agreement - - - - 12,010,956 12,010,956 20,395,281 19,381,316 20,277,934 9,008,565 21,682,226 401,015 22,083,241 Surplus (Deficit)- - - - - - - 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 Other Miscellaneous-R&C Fund Cash Call - - - - - - - Interest Income 47,620 329 - - - - - Capital Reserve Contributions - - - - - - - Other Available Funds - - - - - - - 2,015,262 3,818,063 6,013,048 3,564,453 3,569,672 - 3,569,672 Expenses - Battle Creek Battle Creek Operations & Maintenance (sch F)580,606 475,700 547,714 399,610 417,373 - 417,373 Renewals/Replacements (R&C Fund Repayments) (sch D)- 1,103,993 1,104,000 1,104,000 1,104,000 - 1,104,000 Renewals/Replacements (R&C Fund Cash Call) (sch D)- - - - - - Capital Purchases (sch E)- 7,913 - - - - - Capital Purchases - Revenue Fund (sch E)822,327 320,000 115,000 90,000 - 90,000 Transfer To(From) Operating Reserve (11,713) 124,322 30,926 (29,621) 3,553 - 3,553 Debt Service 1,753,324 3,130,353 3,518,317 3,064,883 3,006,599 - 3,006,599 IRS Subsidy (1,129,282) (1,131,617) - (1,089,419) (1,051,853) - (1,051,853) Cost of Issuance 9th Series - - - - - - Capital Reserve Contribution - 107,399 492,091 - - - - 2,015,262 3,818,063 6,013,048 3,564,453 3,569,672 - 3,569,672 Surplus (Deficit)- - - - - - - Other Project Costs - SSQ Line Revenues, Expenses & Changes in surplus Revenues - SSQ Line Utility Contributions (sch J)- 59,350 360,000 2,250,511 758,884 - 758,884 Other Miscellaneous-R&C Fund Cash Call - - - 9,893,771 - - - Capital Reserve Contributions - - - - - - - Other Available Funds - - - 1,559,492 - - - - 59,350 360,000 13,703,774 758,884 - 758,884 Expenses - SSQ Line SSQ Line Operations & Maintenance (sch I)- 10,194 170,000 444,523 336,999 - 336,999 Renewals/Replacements (R&C Fund Repayments) (sch D)- - - - - - - Renewals/Replacements (R&C Fund Cash Call) (sch D)- - - - - - - Capital Purchases (sch H)- 49,156 190,000 750,000 - - - Transfer To(From) Operating Reserve - - - 54,905 (21,505) - (21,505) Debt Service - - - 12,454,346 443,390 - 443,390 Capital Reserve Contribution - - - - - - - - 59,350 360,000 13,703,774 758,884 - 758,884 Surplus (Deficit)- - - - - - - Other Information Operating Reserve *1,070,208 1,159,740 1,321,234 1,293,188 1,360,024 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 1,366,952 675,422 805,939 839,357 Monthly Contributions Battle Creek 242,670 501,087 297,038 297,473 297,473 Monthly Contributions SSQ Line 30,000 187,543 63,240 63,240 *Required to be 20% of budgeted operating expense Page 4 of 22 ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT Capital Purchases (not funded by R&C Fund) Schedule A FY20 FY21 FY22 FY23 Amended Amended Actuals Actuals Budget Budget Replace/Automate Fish Water Valves & Actuators 2,931 - - Upgrade Crews Quarters\Residence Kitchen\New Furniture 139,000 159,000 Replace dump truck and sander - 166,608 20,000 - Pick up truck 41,484 - - UPS Replacement 65,696 34,438 - - Rough terrain fork lift (with plow for snow) 131,594 - - IRIS Air gap monitoring system (computer) 41,720 45,000 65,000 Housing Preliminary Design 10,375 - - Emerson Cybersecurity Update 138,555 - - Heavy Duty trailer for equipment 20,000 20,000 ABB Replace GIS Actuators 240,000 309,000 Replacement pickup truck 45,000 - Needle Valve rebuild 150,000 150,000 Start New Servo Design 100,000 250,000 Soldotna SVC Battery Replacement 70,000 - Battle Creek Bridge Repair 141,368 80,000 - SQ Line Access Documentation 3,127 - SQ Line Acquisition Costs 46,029 - North Fork Improvements 5,000 Mini Excavator 100,000 Install New Bradley Microwave System 500,000 SSQ Design - Total Non R&C Capital Purchases 283,425 540,501 909,000 1,558,000 Capital Project Description Page 5 of 22 ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT Bradley Lake Operations and Maintenance Budget Schedule B FY20 FY21 FY22 FY23 FY23 FY23 FY20 Amended Budget Actual (Over) Under Budget to date FY21 Actual (Over) Under Budget to date FY22 Amended Budget FY23 Amended Budget FY23 Proposed Changes FY23 Amend 3 Budget 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 - 2,802,081 Indirect Costs 1,383,388 1,251,241 132,147 1,486,285 1,295,342 190,943 1,486,285 - - - Travel 45,950 10,512 35,438 44,950 1,729 43,221 38,450 26,450 - 26,450 Training 49,300 14,875 34,425 49,300 25,474 23,826 49,300 49,300 - 49,300 Contractual 869,842 655,575 214,267 903,340 701,750 201,590 1,156,343 1,986,307 - 1,986,307 Supplies & Materials 346,345 262,370 83,975 389,345 282,663 106,682 429,345 311,232 - 311,232 Other Costs 67,818 65,648 2,170 70,818 68,510 2,308 97,318 67,318 - 67,318 Equipment, Furniture and Machinery 176,000 127,535 48,465 170,000 43,344 126,656 73,000 24,000 - 24,000 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 1,435,726 334,179 1,769,905 Battle Creek O&M - - - (181,245) - (181,245) (190,710) (236,473) - (236,473) 5,351,042 4,773,126 577,915 5,628,702 4,911,504 717,198 6,606,170 6,465,940 334,179 6,800,119 Bradley Lake O&M 4% charge to Battle Creek Battle Creek O&M - - - (181,245) - - (190,710) (236,473) (236,473) BC 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 - 264,009 Indirect Costs 155,698 128,545 27,153 155,698 125,787 29,911 155,698 - - - Travel 10,450 246 10,204 10,450 408 10,042 10,450 10,450 - 10,450 Training 9,300 991 8,309 9,300 2,076 7,224 9,300 9,300 - 9,300 Contractual 1,000 173 827 11,000 - 11,000 11,000 1,000 - 1,000 Supplies & Materials 4,000 3,698 302 4,000 3,082 918 4,000 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 - 288,759 FERC 535 - Operation Supervision & Engineering Total 287,901 223,366 64,536 297,901 233,883 64,018 298,053 288,759 - 288,759 HEA Page 6 of 22 FY20 FY21 FY22 FY23 FY23 FY23 FY20 Amended Budget Actual (Over) Under Budget to date FY21 Actual (Over) Under Budget to date FY22 Amended Budget FY23 Amended Budget FY23 Proposed Changes FY23 Amend 3 Budget 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 - 204,512 Indirect Costs 107,519 98,886 8,633 114,320 97,168 17,152 114,320 - - - Travel 10,000 - 10,000 10,000 129 9,871 8,000 - - - Contractual 22,000 - 22,000 (37,000) 32,071 (69,071) 73,000 123,000 - 123,000 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 - 32,000 Equipment, Furniture and Machinery 81,000 13,368 67,632 32,000 - 32,000 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 - 359,512 FERC 537 - Hydraulic Expenses Total 323,600 189,754 133,846 321,512 209,086 112,426 334,512 359,512 - 359,512 HEA 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 - 480,048 Indirect Costs 242,067 257,551 (15,484) 262,004 270,826 (8,822) 262,004 - - - Travel 7,000 3,140 3,860 7,000 110 6,890 7,000 7,000 - 7,000 Training 25,000 13,884 11,116 25,000 23,398 1,602 25,000 25,000 - 25,000 Contractual 7,000 2,587 4,413 2,000 - 2,000 5,000 2,000 - 2,000 Supplies & Materials 50,732 14,111 36,621 41,732 23,771 17,961 42,732 9,732 - 9,732 Equipment, Furniture and Machinery 63,000 91,512 (28,512) 73,000 30,979 42,021 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 - 523,780 FERC 538 - Electric Expenses Total 603,544 593,530 10,014 633,780 600,630 33,150 570,780 523,780 - 523,780 HEA Page 7 of 22 FY20 FY21 FY22 FY23 FY23 FY23 FY20 Amended Budget Actual (Over) Under Budget to date FY21 Actual (Over) Under Budget to date FY22 Amended Budget FY23 Amended Budget FY23 Proposed Changes FY23 Amend 3 Budget 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 - 220,062 Indirect Costs 107,519 98,544 8,975 114,320 95,770 18,550 114,320 - - - Training 15,000 - 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 - 315,867 Supplies & Materials 17,900 31,569 (13,669) 17,900 66,633 (48,733) 17,900 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 - 568,829 HEA BRADLEY CIRCUITS/RADIO TO BERNICE LK Other Costs 35,695 35,696 (1) 35,695 35,696 (1) 35,695 35,695 - 35,695 BRADLEY CIRCUITS/RADIO TO BERNICE LK Total 35,695 35,696 (1) 35,695 35,696 (1) 35,695 35,695 - 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 29,773 BRADLEY CIRCUITS BERNICE LK TO ANCH Total 29,773 29,194 579 29,773 29,162 611 29,773 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 - 634,297 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 - 271,869 Indirect Costs 155,698 121,096 34,602 155,698 126,172 29,526 155,698 - - - Administrative Costs (9,493) Bradley Lake Operating Total 270,154 206,000 64,154 270,154 227,829 42,325 270,456 271,869 - 271,869 FERC 541 - Maintenance Supervision & Engineering Total 270,154 206,000 64,154 270,154 227,829 42,325 270,456 271,869 - 271,869 HEA Page 8 of 22 FY20 FY21 FY22 FY23 FY23 FY23 FY20 Amended Budget Actual (Over) Under Budget to date FY21 Actual (Over) Under Budget to date FY22 Amended Budget FY23 Amended Budget FY23 Proposed Changes FY23 Amend 3 Budget 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 - 192,060 Indirect Costs 97,823 91,244 6,579 105,421 95,689 9,732 105,421 - - - Contractual 91,000 3,682 87,318 59,000 12,010 46,990 89,000 56,000 - 56,000 Supplies & Materials 88,713 39,489 49,224 100,713 85,859 14,854 243,713 94,000 - 94,000 Equipment, Furniture and Machinery 32,000 22,552 9,448 52,000 12,365 39,635 23,000 19,000 - 19,000 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 - 361,060 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 - 361,060 HEA 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 - 110,433 Indirect Costs 56,322 1,693 54,629 56,689 336 56,353 56,689 - - - Travel 5,000 5,000 5,000 1,000 - 1,000 Contractual 6,500 - 6,500 6,500 - 6,500 6,500 22,500 - 22,500 Supplies & Materials 15,000 15,000 15,000 20,000 - 20,000 Administrative Costs (55) 55 Bradley Lake Operating Total 107,902 3,028 104,874 123,933 1,316 122,617 123,933 153,933 - 153,933 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 - - - BRADLEY POWER TUNNEL MAINT (Dam) Total 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 - 153,933 HEA Page 9 of 22 FY20 FY21 FY22 FY23 FY23 FY23 FY20 Amended Budget Actual (Over) Under Budget to date FY21 Actual (Over) Under Budget to date FY22 Amended Budget FY23 Amended Budget FY23 Proposed Changes FY23 Amend 3 Budget 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 - 732,288 Indirect Costs 368,424 362,402 6,022 423,178 393,039 30,139 423,178 - - - Travel 4,500 - 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 - 58,000 Supplies & Materials 70,000 66,370 3,630 38,000 26,776 11,224 30,000 43,000 - 43,000 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 - 837,788 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 - 837,788 HEA 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 - 168,254 Indirect Costs 92,318 91,280 1,038 98,957 90,555 8,402 98,957 - - - Contractual 3,900 6,763 (2,863) 3,900 2,447 1,453 3,900 3,900 - 3,900 Supplies & Materials 63,000 93,510 (30,510) 58,000 70,481 (12,481) 34,000 29,000 - 29,000 Maintenance Projects - 314 (314) - - - - - - Equipment, Furniture and Machinery - 5,000 - 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 - 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 - 206,154 HEA Page 10 of 22 FY20 FY21 FY22 FY23 FY23 FY23 FY20 Amended Budget Actual (Over) Under Budget to date FY21 Actual (Over) Under Budget to date FY22 Amended Budget FY23 Amended Budget FY23 Proposed Changes FY23 Amend 3 Budget 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 - 20,174 Contractual 53,000 57,365 (4,365) 53,000 5,010 47,990 53,000 85,500 - 85,500 Supplies & Materials 6,000 3,204 2,796 6,000 3,040 2,960 6,000 12,000 - 12,000 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 - 117,674 HEA 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 - 10,000 AEA Administrative Costs (400) 400 Bradley Lake Operating Total 10,000 10,000 - 10,000 9,600 400 10,000 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 - 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 - 62,000 Streamguaging Serv Bradley Lake Operating Contractual 209,917 189,917 20,000 183,615 193,615 (10,000) 218,000 218,000 - 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 - 218,000 Permits Bradley Lake Operating Other Costs 350 758 (408) 350 1,550 (1,200) 350 350 - 350 AEA Administrative Costs - (62) 62 Bradley Lake Operating Total 350 758 (408) 350 1,488 (1,138) 350 350 - 350 FERC 556 - System Control & Load Dispatching Total 362,407 354,646 7,761 336,105 278,300 57,805 369,058 408,024 - 408,024 Page 11 of 22 FY20 FY21 FY22 FY23 FY23 FY23 FY20 Amended Budget Actual (Over) Under Budget to date FY21 Actual (Over) Under Budget to date FY22 Amended Budget FY23 Amended Budget FY23 Proposed Changes FY23 Amend 3 Budget 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 - 64,043 CEA Travel 4,000 2,596 1,404 4,500 53 4,447 3,500 3,500 - 3,500 CEA Contractual 2,000 51,167 (49,167) 1,800 - 1,800 2,000 1,800 - 1,800 CEA Contractual 3,024 (3,024) - - - - AEA Supplies & Materials 12,000 613 11,387 10,000 209 9,791 10,000 9,600 - 9,600 CEA Other Costs 2,000 - 2,000 - - - 1,500 1,500 - 1,500 CEA Other Costs - - - - - - 30,000 - - - HEA 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 - 34,375 HEA Contractual - - - - 51,729 (51,729) 59,600 86,160 - 86,160 HEA Supplies & Materials 10,000 - 10,000 34,000 515 33,485 5,000 35,000 - 35,000 HEA 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 - 235,978 FERC 562 - Station Expenses Total 117,072 126,462 (9,390) 146,310 101,048 45,262 245,747 235,978 - 235,978 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 - 39,954 Travel 10,000 4,530 5,470 - - - - - - - Contractual 50,000 66,884 (16,884) 100,000 99,378 622 100,000 150,000 - 150,000 Supplies & Materials 5,000 - 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 - 194,954 HEA FERC 571 - Maintenance of Overhead Lines Total 92,459 74,024 18,435 132,459 96,916 35,543 132,963 194,954 - 194,954 Page 12 of 22 FY20 FY21 FY22 FY23 FY23 FY23 FY20 Amended Budget Actual (Over) Under Budget to date FY21 Actual (Over) Under Budget to date FY22 Amended Budget FY23 Amended Budget FY23 Proposed Changes FY23 Amend 3 Budget 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 - 277,000 Administrative Costs 2,500 3,095 2,500 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 - 279,500 AEA Operating Committee Exp-Audit Bradley Lake Operating Administrative Costs 19,900 20,298 (398) 19,900 21,120 (1,220) 19,900 19,900 - 19,900 AEA Bradley Lake Operating Total 19,900 20,298 (398) 19,900 21,120 (1,220) 19,900 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 - 70,000 AEA Bradley Lake Operating Total 30,000 215,162 (185,162) 70,000 60,098 9,902 70,000 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 - 5,000 AEA Bradley Lake Operating Total 3,000 2,685 315 5,000 2,818 2,182 5,000 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 - 13,000 AEA Bradley Lake Operating Total 11,918 12,118 (200) 13,000 11,441 1,559 13,000 13,000 - 13,000 Misc Admin Bradley Lake Operating Contractual - - - - - - 111,818 790,580 - 790,580 Administrative Costs 11,646 12,000 (354) 18,900 18,202 698 12,000 12,000 - 12,000 AEA Bradley Lake Operating Total 11,646 12,000 (354) 18,900 18,202 698 123,818 802,580 - 802,580 FERC 920 & 930 - Administrative Expense Total 276,464 462,263 (185,799) 333,800 380,657 (46,857) 508,218 1,189,980 - 1,189,980 Page 13 of 22 FY20 FY21 FY22 FY23 FY23 FY23 FY20 Amended Budget Actual (Over) Under Budget to date FY21 Actual (Over) Under Budget to date FY22 Amended Budget FY23 Amended Budget FY23 Proposed Changes FY23 Amend 3 Budget FERC 924 & 925 - Insurance Premiums Insurance Premiums Bradley Lake Operating Administrative Costs 575,000 613,782 (38,782) 692,019 656,351 35,668 1,366,444 650,000 334,179 984,179 AEA Administrative Costs 56,000 39,347 16,653 56,000 23,724 32,276 16,000 31,326 - 31,326 HEA Bradley Lake Operating Total 631,000 653,129 (22,129) 748,019 680,075 67,944 1,382,444 681,326 334,179 1,015,505 Risk Management Bradley Lake Operating Administrative Costs - - - - - - 25,000 - - CEA Bradley Lake Operating Total - - - - - - 25,000 - - - FERC 924 & 925 - Insurance Premiums Total 631,000 653,129 (22,129) 748,019 680,075 67,944 1,407,444 681,326 334,179 1,015,505 FERC 928 - Regulatory Commission Expenses FERC Admin Fees Administrative Costs 185,000 169,976 15,024 175,000 156,071 18,929 150,000 150,000 150,000 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 - 150,000 FERC Related Prof Services FERC Part 12 Inspection Administrative Costs - - - 75,000 42,396 32,604 25,000 25,000 25,000 AEA Contractual Engineer-FERC license issues Administrative Costs 100,000 88,256 11,744 110,000 121,783 (11,783) 180,000 180,000 180,000 AEA Bradley Lake Operating Total 100,000 88,256 11,744 185,000 164,179 20,821 205,000 205,000 - 205,000 FERC 928 - Regulatory Commission Expenses Total 285,000 258,232 26,768 360,000 313,682 46,318 355,000 355,000 - 355,000 Total Bradley Lake Budget 5,351,042 4,773,126 577,915 5,628,702 4,911,504 717,198 6,606,170 6,465,940 334,179 6,800,119 Page 14 of 22 ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT Monthly Utility Contributions Schedule C A B C D E F G FY2020 FY2021 FY2022 FY2023 FY2023 FY2023 Annual Annual Annual Annual Annual Annual Percent Amended Amended Amended Amended Proposed Amend 3 Power Purchaser Share Budget Budget Budget Budget Changes Budget Chugach Electric (combined w ML&P)56.3%11,026,056 9,235,126 4,563,152 12,207,093 225,772 12,432,865 Homer Electric 12.0%2,350,140 1,968,409 972,607 2,601,866 48,121 2,649,987 Matanuska Electric 13.8%2,702,664 2,263,673 1,118,500 2,992,149 55,340 3,047,489 Golden Valley Electric 16.9%3,309,780 2,772,178 1,369,756 3,664,296 67,772 3,732,068 City of Seward 1.0%195,840 164,035 81,051 216,822 4,010 220,832 Rounding 5 100.0%19,584,485 16,403,421 8,105,066 21,682,226 401,016 22,083,240 Percent FY2020 FY2021 FY2022 FY2023 FY2023 FY2023 Power Purchaser Share Monthly Monthly Amended Amended Proposed Amend 3 Budget Monthly Monthly Changes Monthly Chugach Electric (combined w ML&P)56.3%918,838 900,902 92,345 1,026,160 22,577 1,048,737 Homer Electric 12.0%195,845 192,021 19,683 218,720 4,812 223,532 Matanuska Electric 13.8%225,222 220,826 22,635 251,528 5,534 257,062 Golden Valley Electric 16.9%275,815 270,431 27,720 308,030 6,777 314,807 City of Seward 1.0%16,320 16,002 1,640 18,227 401 18,628 100.0%1,632,040 1,600,181 164,023 1,822,664 40,101 1,862,765 Page 15 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 16 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 17 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) 92,569 69,382 23,187 - - CEA - - - - - - - - AEA 126,900 247,731 (120,831) 273,900 225,073 48,827 208,900 180,900 BL - - - 181,245 181,245 - 190,710 236,473 395,424 580,606 (185,182) 547,714 475,700 72,014 399,610 417,373 - - - - - - FY22 FY23 FY20 Amended Budget Actual (Over) Under Budget FY21 Amended Budget Actual (Over) Under Budget FY22 Amended Budget FY23 Approved Budget Summary by cost type - - Administrative Costs 395,424 580,606 (185,182) 255,469 223,224 32,245 82,900 54,900 Battle Creek O&M - Bradley Allocation - - - 181,245 181,245 - 190,710 236,473 Battle Creek O&M - - 111,000 71,231 39,769 126,000 126,000 395,424 580,606 (185,182) 547,714 475,700 72,014 399,610 417,373 Bradley Lake O&M 4% charge to Battle Creek Battle Creek O&M - - - 181,245 181,245 - 190,710 236,473 BL 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 18 of 22 FY22 FY23 FY20 Amended Budget Actual (Over) Under Budget FY21 Amended Budget Actual (Over) Under Budget FY22 Amended Budget FY23 Approved Budget 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 Battle Creek Admin Fees Total 117,274 117,325 (51) 133,419 134,714 (1,295) 71,000 43,000 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 Total Bradley Lake Budget 395,424 580,606 (185,182) 547,714 475,700 72,014 399,610 417,373 Page 19 of 22 ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT Battle Creek Monthly Participating Purchaser Contributions Schedule G A B C D FY2021 FY2022 FY2023 Annual Annual Annual Percent Amended Amended Amended POWER PURCHASER Share Budget Budget Budget Chugach Electric Association 32.72%2,367,938 1,403,682 1,168,167 Homer Electric Association 34.44%2,491,807 1,477,109 1,229,275 Matanuska Electric Association 14.86%1,075,133 637,324 530,392 Golden Valley Electric Association 16.90%- - 603,275 City of Seward 1.08%78,169 46,338 38,563 Rounding 100.00%6,013,047 3,564,453 3,569,672 NEW FY2021 FY2022 FY2023 Percent Amended Amended Amend 1 POWER PURCHASER Share Budget Budget Budget Chugach Electric Association 32.72%220,385 116,974 97,347 Homer Electric Association 34.44%231,913 123,092 102,440 Matanuska Electric Association 14.86%100,063 53,110 44,199 Golden Valley Electric Association 16.90%- - 50,273 City of Seward 1.08%7,275 3,862 3,214 100.0%559,636 297,038 297,473 Page 20 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 21 of 22 ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT SSQ Line Operations and Maintenance Budget Schedule I HEA 150,000 300,523 231,999 CEA - - - AEA 20,000 144,000 105,000 170,000 444,523 336,999 - FY21 FY22 FY23 FY21 Amended Budget FY22 Amended Budget FY23 Approved Budget Summary by cost type Labor & Benefits 32,500 85,820 56,999 Indirect Costs - - - Travel - - - Training - - - Contractual 110,000 250,000 200,000 Supplies & Materials 7,500 56,992 25,000 Other Costs - 7,711 - Equipment, Furniture and Machinery - - - Maintenance Projects - - - Administrative Costs 20,000 44,000 55,000 170,000 444,523 336,999 FERC 571 - Maintenance of Overhead Lines Maint of OH Lines SQ Line Labor & Benefits 32,500 85,820 56,999 HEA Travel - - - Contractual 110,000 150,000 150,000 HEA Contractual - 100,000 50,000 AEA Supplies & Materials 7,500 56,992 25,000 HEA Other Costs - 7,711 - HEA SQ Line Total 150,000 400,523 281,999 FERC 571 - Maintenance of Overhead Lines Total 150,000 400,523 281,999 FERC 920 & 930 - Administrative Expense AEA Bradley Admin Fees Bradley Lake Operating Administrative Costs 20,000 42,000 53,000 AEA Bradley Lake Operating Total 20,000 42,000 53,000 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 Total Bradley Lake Budget 170,000 444,523 336,999 Page 22 of 22 ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT SSQ Line Monthly Utility Contributions Schedule J A B C D FY2021 FY2022 FY2023 Annual Annual Annual Percent Amended Amended Amended Power Purchaser Share Budget Budget Budget Chugach Electric (combined w ML&P)56.3%202,680 1,267,038 427,252 Homer Electric 12.0%43,200 270,061 91,066 Matanuska Electric 13.8%49,680 310,571 104,726 Golden Valley Electric 16.9%60,840 380,336 128,251 City of Seward 1.0%3,600 22,505 7,589 Rounding 100.0%360,000 2,250,511 758,884 FY2022 FY2023 Power Purchaser Percent FY2021 Amended Amend 1 Share Monthly Monthly Monthly Chugach Electric (combined w ML&P)56.3%16,890 199,522 35,604.33 Homer Electric 12.0%3,600 42,527 7,588.83 Matanuska Electric 13.8%4,140 48,906 8,727.17 Golden Valley Electric 16.9%5,070 59,892 10,687.58 City of Seward 1.0%300 3,544 632.42 100.0%30,000 354,390 63,240 Bradley Lake Operator Report Page 1 Bradley Lake Operator Report BPMC July 29 2022 Unit Statistics: Generation Unit 1 (MWhrs) Unit 2 (MWhrs) Total (MWhrs) May 2022 June 2022 July 2022* 12,865 17,510 12,113 2,955 4,461 9,942 15,820 21,971 22,055 Hydraulics Avg. Lake Level (ft.) Usage (ac ft.) Fish water (CFS) May 2022 June 2022 July 2022* 1,091 1,112 1,141 688 64 1,465 161 169 125 Battle Creek Inflows to Bradley May 2022 June 2022 July 2022* 1,065 8,361 10,903 * As of July 25, 2022 Lake Level – 1,141.0’ as of July 25, 2022 Activities • Bradley Lake Duplex New building – Project drawings and specification are in the final stages. We are working toward bidding the project this year. • Dam Access Road – The crew has repaired the washout areas up to the dam. They are continuing to brush hog around the project and areas along the road. • Battle Creek Diversion- We were able to access the diversion dam site on 28 June 2022. We are continuing to do road repairs. Working on modifications of the upper battle creek pipe air valves. Installing the redundant forebay water level transducer. Repaired the gabion basket at the MIF outlet. Added the steel plate to the MIF by-pass pipe outlet to improve measurement readings. We have placed the boulder and are working to install the monument plaque at the diversion site. • Fire system o The punch list generated from the fire system inspection is 80% completed. We will retest the fire pump when Chinook Fire personnel return to complete the few remaining items on the punch list. Chinook is scheduled to be on site in August. Bradley Lake Operator Report Page 2 o RESPEC has started submitting documents for review on the project wide fire system refresh. • Safety o There have been no lost time or reportable accidents for the months of May, June and July. o Next safety meeting is 1August 2022 • Barge trip- Next barge has been scheduled for July 28 2022. Will be bringing ADFG fish weir equipment, and the new snow machines over. • Annual Maintenance Outage – Developing the work scope for next year. Outage date has been set for 17 April – 5 May 2023. This is the only dates ABB has a qualified crew available to do the GSI work. • Contractors/ Visitors on site- o Janna Davis HEA and Don Maynor ARECA will be conduction a plant safety walk through on 28 July 2022 o Washington Crane and Hoist will be on site 30 Aug 2022 to complete annual inspections. o HSWCD Will be on site for invasive plant treatment late August. o Bay Safety - fire extinguisher inspection 8,9 September 2022. o ARRI will be on site to conduct fish studies on lower battle creek late September 2022. Bradley Lake Operator Report Page 3 • AEA Tour Bryan Carey conducted a tour of Bradley Project on 28 June 2022 for AEA Board members and their staff. Iliamna Volcano Battle Creek Diversion As seen from Battle Creek Monument Plaque Diversion Bradley Lake Operator Report Page 4 Battle Creek Diversion Battle Creek Diversion Spillway Battle Creek Diversion Forebay Bradley Lake Operator Report Page 5 Turbine Deck New Paint Turbine Pit Bradley O & D Report to the BPMC •Bradley O&D Meeting Held July 8, 2022 Via Teleconference •Present:Russell Thornton (CEA); Pete Sarauer (GVEA); Martin Law (HEA); Josh Crowell (MEA; Lance Roberts (GVEA); Bryan Carey (AEA); Andy Patrick (HEA) June 2022 Projection vs Actuals June 2022 Projection Inflow Projections Lake Level (ft)Lake Vol. (acft) Equiv. Gen (MWhr) Conv. Eff.Estimates Usage (acft) Equiv. Gen (MWhr) Beginning 1,097.50 31,796.62 30,256.07 0.938 Gross Inflow 74,500.00 70,677.95 End 1,120.80 88,251.87 85,826.71 0.960 Batle Creek Inflow 9,954.10 9,443.43 Change 23.30 56,455.25 55,570.63 0.949 Fish Water Usage 1,230.00 1,166.90 Est. Lake Inflow 83,224.10 69,511.06 June 2022 Actuals Flows Lake Level (ft) Lake Volume (acft) Equiv. Gen (MWhr) Conv. Eff.Usage (acft) Equiv. Gen (MWhr) Beginning 1,097.50 31,796.62 30,256.07 0.938 Generation Usage 22,568.00 21,466.78 End 1,126.10 102,061.54 99,743.72 0.965 Spill Volume 0.00 0.00 Change 28.60 70,264.92 69,487.65 0.951 Total Usage 22,568.00 21,466.78 June 2022 Usage by Participant Facility Use GVEA (16.9%) (16.9%)HEA (12.0%) (37.9%)CEA (56.3%) (30.4%)MEA (13.8%) (13.8%)SES (1.0%) (1.0%) Pond (acft) Load (MWhr)Pond (acft) Equiv. Gen (MWhr)Pond (acft) Equiv. Gen (MWhr)Pond (acft) Equiv. Gen (MWhr)Pond (acft) Equiv. Gen (MWhr)Pond (acft) Equiv. Gen (MWhr) Beginning 14,335.27 13,441.82 -1,311.02 -1,229.31 18,564.90 17,407.84 -89.96 -84.35 297.44 278.90 Gen. Usage -6,241.11 -5,936.57 -1,318.35 -1,254.02 -8,630.46 -8,209.33 -4,494.30 -4,275.00 -153.29 -145.81 Facility Use -372.92 -354.72 -63.02 -59.95 -44.75 -42.57 -209.95 -199.71 -51.46 -48.95 -3.73 -3.55 AEA Sys Loss -93.6 -89.05 -28.04 -26.67 -5.92 -5.63 -38.77 -36.88 -20.19 -19.21 -0.69 -0.66 HEA Sys Loss -279.3 -265.7 -89.32 -84.96 -123.51 -117.48 -64.32 -61.18 -2.19 -2.09 SSQ Loss -366.1 -348.2 -117.04 -111.33 -161.85 -153.96 -84.28 -80.17 -2.87 -2.73 CEA Sys Loss -169.88 -161.59 -122.33 -116.37 BC Inflow 1,413.09 1,344.13 3,168.99 3,014.36 2,541.88 2,417.85 1,153.88 1,097.58 83.61 79.53 Lake Inflow 14,275.68 13,772.23 10,136.58 9,779.10 47,557.43 45,880.27 11,657.06 11,245.96 844.71 814.92 Pend Spill 0.00 0.00 0.00 0.00 0.00 Spill Alloc.0.00 0.00 0.00 0.00 0.00 Water Xfer 0.00 0.00 0.00 0.00 0.00 True Up Adj -74.32 -70.69 -33.87 -32.22 -189.65 -180.39 -25.13 -23.90 -3.39 -3.22 End 23,241.30 22,421.67 10,591.66 10,218.13 59,310.02 57,218.38 7,858.96 7,581.81 1,059.61 1,022.24 Battle Creek Percentages, GVEA Callback Bradley Percent Shared Bradley Post ML&P Acquisition Battle Creek Share Redistribution ML&P 12/13/17 Battle Creek Allocation of GVEA Share Battle Creek Percent Shared GVEA Callback Allocation Battle Creek Percent Post GVEA Callback Prorata Battle Creek Percent Post GVEA Callback by Bradley Share Chugach Electric 30.4%56.3%30.4%8.98%39.38%6.66%32.73%30.40% Municipality of Anchorage 25.9%0.0%0.00% Homer Electric 12.0%12.0%37.9%3.55%41.45%7.00%34.44%37.90% Matanuska Electric 13.8%13.8%13.8%4.08%17.88%3.02%14.86%13.80% Golden Valley Electric 16.9%16.9%0.0%0.00%16.90%16.90% City of Seward 1.0%1.0%1.0%0.30%1.30%0.22%1.08%1.00% 100.0%83.1%16.90%100.00%100.00%100.00% •GVEA Share Allocation in 2018 was by participant share not by Battle Creek Share. •Callback was Allocated in resolution by battle creek share. Bradley Dynamic Scheduling(BDS) Software Chugach SCADA System implementation to allow each participant the ability to independent dynamic control of their share of Bradley Lake capacity. •KEY Features •Independent Dynamic Control of Bradley Capacity •Enforcement of capacity limits based on participants share •Tracking and control of capacity transfers between participants •Modification of the plant capacity for pending spill or maintenance restrictions. •Kenai Islanding response allowing HEA and Chugach access to Bradley Control 6/30/2022 10:26 AM GVEA High limit set to 20MW GVEA Capacity 15MW CEA To GVEA 5 MW GVEA Setpoint set to 22MW GVEA limited to 20 MW in BDS Confirming limit enforcement Bradley Limit Enforcement Test 6/27/2022 Bradley Regulation Status Utility BDS Regulation Participant SCADA Regulation Matanuska Electric Association Commissioned/Operational Commissioned/Operational Golden Valley Electric Association Commissioned/Operational Manual Control Only Homer Electric Association Commissioned/Operational Manual Control Only Chugach Electric Association Commissioned/Operational Commissioned/Operational 2021 Tie Flow Histogram (Hourly Data) Capacity Factor 0.47 Average 35.4 Maximum 73.3 Minimum -11.6 Standard Dev.14.7 Tie Flow measured from Dave’s Creek North to catch Cooper flow 2020 Tie Flow Histogram (Hourly Data) Capacity Factor 0.62 Average 46.1 Maximum 78.3 Minimum -8.0 Standard Dev.18.5 WY 20/21 MW Exceeding Participant Capacity HEA EXCESS MAGNATUDEHEA CAPACITY TRANSFER REQUESTEDCEA EXCESS MAGNATUDECEA CAPACITY TRANSFER REQUESTEDML&P EXCESS MAGNATUDEML&P CAPACITY TRANSFER REQUESTEDMEA EXCESS MAGNATUDEMEA CAPACITY TRANSFER REQUESTEDGVEA EXCESS MAGNATUDEGVEA CAPACITY TRANSFER REQUESTEDJun-20 0 0 11 301 0 0 0 17 0 0 Jul-20 51 25 15 462 0 64 0 0 0 0 Aug-20 0 164 53 684 12 0 1 0 5 0 Sep-20 2 23 133 1246 36 0 0 0 3 0 Oct-20 0 1168 47 1080 20 0 9 3 1 2 Nov-20 0 76 346 12 0 0 0 0 0 1440 Dec-20 0 0 43 57 0 0 0 0 0 1658 Jan-21 0 0 49 62 0 0 0 0 0 1414 Feb-21 0 0 87 11 0 0 0 0 0 1186 Mar-21 0 0 25 61 0 0 0 0 0 1875 Apr-21 0 0 12 0 0 0 0 0 0 2846 May-21 0 73 1 3 0 0 0 0 0 2932 53 1529 822 3979 68 64 10 20 9 13353 •51 Hour for the year where participants other than Chugach exceeded their share •HEA –20 Hours •MEA –7 Hours •GVEA –4 Hours •ML&P –20 Hours •32 of the 51 Bradley Capacity was reduced to 80 MW. •HEA –2 Hours •MEA –7 Hours •GVEA –4 Hours •ML&P –19 Hours •18 of the 51 HEA was Islanded •HEA -18 Hours Table From Capacity Report