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HomeMy WebLinkAbout2023-03-24 BPMC Agenda and docsBRADLEY LAKE PROJECT MANAGEMENT COMMITTEE MEETING AGENDA - AMENDED Friday March 24, 2023 Immediately Following the 9:00 am IMC Meeting To participate dial 1-888-585-9008 and use code 212-753-619# 1. CALL TO ORDER 2. ROLL CALL (for Committee members) 3. PUBLIC ROLL CALL (for all others present) 4. AGENDA APPROVAL 5. PUBLIC COMMENTS 6. APPROVAL OF MEETING MINUTES – January 20, 2023 7. EXECUTIVE SESSION – (Bylaws Section 5.11.4) – To discuss confidential financial matters regarding Required Project Work and financing, the immediate knowledge of which may have an adverse effect on the Authority or Project. 8. NEW BUSINESS A. FY24 BPMC Budget 9. OLD BUSINESS A. Sterling to Quartz Creek (SSQ) Transmission Line Update B. Railbelt Reliability Coordination Update Brian Hickey i. Special Committee on Required Project Work 10. OPERATORS REPORT HEA 11. COMMITTEE REPORTS A. Budget to Actuals Report Budget Subcommittee B. O&D Report 12. MEMBERS COMMENTS 13. NEXT MEETING DATE – May 5, 2023 14. ADJOURNMENT ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT FY2024 PROPOSED BUDGET DATE: MARCH 24, 2023 ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT 2024 Budget Contents Schedule Description Page # Summary FY24 Proposed Budget Summary 3 Schedule A Bradley Lake Capital Purchases (not funded by R&C) 4 Schedule B Bradley Lake Operations & Maintenance Budget 5 - 9 Schedule C Bradley Lake Monthly Utility Contributions 10 Schedule D R&C Fund Disbursements and Repayments 11 Schedule E Battle Creek Capital Purchases (not funded by R&C) 12 Schedule F Battle Creek Operations & Maintenance Budget 13 - 17 Schedule G Battle Creek Monthly Utility Contributions 18 Schedule H SSQ Line Capital Purchases (not funded by R&C) 19 Schedule I SSQ Line Operations & Maintenance Budget 20 - 21 Schedule J SSQ Line Monthly Utility Contributions 22 ` Page 2 of 22 ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT Proposed Budget Summary A B C D E F G FY2021 FY2022 FY2023 FY2024 Inc(Dec) From FY2021 FY2022 Amend Amend Amend Proposed Prior Year Bradley Lake (excluding Battle Creek & SSQ Line shown below)Actuals Actuals Budget Budget Budget Budget Budget Revenues, Expenses & Changes in surplus Revenues Utility Contributions (sch C) 15,496,675 6,803,284 16,403,421 8,105,065 10,371,535 22,468,059 12,096,524 Other Miscellaneous-R&C Fund Cash Call 750,000 - 1,799,000 - - - - Interest Income 1,976,230 914,121 750,000 903,500 - - - Excess Payment Agreement - - - - 12,010,956 - (12,010,956) Other Available Funds 1,327,513 - 1,325,513 - - - - 19,550,418 7,717,405 20,277,934 9,008,565 22,382,491 22,468,059 85,568 Expenses Operations & Maintenance (sch B) 4,921,752 5,897,804 5,798,702 6,606,170 7,049,494 7,290,435 240,941 Renewals/Replacements (R&C Fund Repayments) (sch D) 984,576 1,122,845 1,184,753 1,331,902 1,653,013 2,169,646 516,634 Renewals/Replacements (R&C Fund Cash Call) (sch D) 750,000 - 750,000 - - - - Non R&C Capital Purchases (sch A) 540,501 236,264 652,000 909,000 1,558,000 948,000 (610,000) R&C Interest Applied as Repayment 269,488 42,921 - - - - - Transfer To(From) Operating Reserve 276,375 139,130 84,752 161,494 111,028 48,188 (62,840) Debt Service 11,453,263 - 11,453,263 - - - - Arbitrage Transfer 354,464 278,442 354,464 - - - - Excess Payment Agreement - - - - 12,010,956 12,011,790 834 19,550,418 7,717,405 20,277,934 9,008,565 22,382,491 22,468,059 85,568 Surplus (Deficit) - - - - - - - Other Project Costs - Battle Creek Revenues, Expenses & Changes in surplus Revenues - Battle Creek Utility Contributions (sch G) 3,648,632 3,356,861 6,013,048 3,564,453 3,569,672 3,707,875 138,203 Interest Income 336 1,288 - - - - 3,648,968 3,358,149 6,013,048 3,564,453 3,569,672 3,707,875 138,203 Expenses - Battle Creek Battle Creek Operations & Maintenance (sch F) 475,700 419,780 547,714 399,610 417,373 490,268 72,895 Renewals/Replacements (R&C Fund Repayments) (sch D) 934,898 934,898 1,104,000 1,104,000 1,104,000 1,104,000 - Capital Purchases (sch E) 7,913 57,628 320,000 115,000 90,000 165,000 75,000 Transfer To(From) Operating Reserve 124,322 (29,621) 30,926 (29,621) 3,553 14,579 11,026 Debt Service 3,130,353 3,064,883 3,518,317 3,064,883 3,006,599 2,948,314 (58,285) IRS Subsidy (1,131,617) (1,089,419) - (1,089,419) (1,051,853) (1,014,287) 37,566 Capital Reserve Contribution 107,399 - 492,091 - - - 3,648,968 3,358,149 6,013,048 3,564,453 3,569,672 3,707,875 138,203 Surplus (Deficit) - - - - - - - Other Project Costs - SSQ Line Revenues, Expenses & Changes in surplus Revenues - SSQ Line Utility Contributions (sch J) - 1,573,492 360,000 2,250,511 758,884 743,555 (15,329) Other Miscellaneous-R&C Fund Cash Call - - - 9,893,771 - - - Interest Income - 2,548 - - - - - Capital Reserve Contributions - 9,893,786 - - - - - Other Available Funds - 1,559,492 - 1,559,492 - - - - 13,029,318 360,000 13,703,774 758,884 743,555 (15,329) Expenses - SSQ Line SSQ Line Operations & Maintenance (sch I) - 268,001 170,000 444,523 336,999 307,000 (29,999) Capital Purchases (sch H) - 250,489 190,000 750,000 - - - Transfer To(From) Operating Reserve - 54,905 - 54,905 (21,505) (6,000) 15,505 Transfer To(From) Capital Reserve - 1,434 - - - - - Debt Service - 12,454,489 - 12,454,346 443,390 442,555 (835) - 13,029,318 360,000 13,703,774 758,884 743,555 (15,329) Surplus (Deficit) - - - - - - - Other Information Operating Reserve * 984,350 1,179,561 1,159,740 1,298,870 1,409,899 1,458,087 48,188 Operating Reserve - Battle Creek* 95,140 83,956 109,543 79,922 83,475 98,054 14,579 Operating Reserve - SSQ Line* - 53,600 34,000 88,905 67,400 61,400 (6,000) Monthly Contributions 1,291,390 566,940 1,366,952 675,422 1,865,208 1,872,338 7,130 Monthly Contributions Battle Creek 304,053 279,738 501,087 297,038 297,473 308,990 11,517 Monthly Contributions SSQ Line - 131,124 30,000 187,543 63,240 61,963 (1,277) *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 FY21 FY22 FY23 FY24 Actuals Amend Amend Amend Proposed Actuals Actuals @12/31/22 Budget Budget Budget Budget Replace/Automate Fish Water Valves & Actuators - - - 40,000 - - - Upgrade Crews Quarters\Residence Kitchen\New Furniture - 7,318 42,674 - 139,000 159,000 - Replace Dump Truck and Sander 166,608 - 29,493 170,000 20,000 - - UPS Replacement 34,438 - - 37,000 - - - IRIS Air Gap Monitoring System (Computer) - 86,805 - 45,000 45,000 65,000 - KVM Switch for Emerson - - - 3,000 - - - Spare Trash Pump - - - 20,000 - - - Housing Preliminary Design 10,375 - - 10,000 - - - Emerson Cybersecurity Update 138,555 - - 137,000 - - - Heavy Duty Trailer for Equipment - - - - 20,000 20,000 - ABB Replace GIS Actuators - - 238,263 - 240,000 309,000 - Replacement Pickup Truck - - 46,299 - 45,000 - - Needle Valve Rebuild - 29,727 - - 150,000 150,000 - Start New Servo Design - - - - 100,000 250,000 - Soldotna SVC Battery Replacement - 76 - - 70,000 - - Battle Creek Bridge Repair 141,368 112,337 - - 80,000 - - North Fork Improvements - - - - - 5,000 - Mini Excavator - - - - - 100,000 - Install New Bradley Microwave System - - 2,686 - - 500,000 518,000 Brush Hog for Front End Loader - - - - - - 150,000 JLG All Terrain Fork Lift- New Purchase - - - - - - 190,000 Replace BL#5 2009 F150 Crew Cab Pickup - - - - - - 45,000 Warhouse Heaters x2 (Replace) - - - - - - 5,000 ISO Shipping Containers x2 (Replace) - - - - - - 40,000 Total Non R&C Capital Purchases 491,344 236,264 359,414 462,000 909,000 1,558,000 948,000 Capital Project Description Page 4 of 22 ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT Bradley Lake Operations and Maintenance Budget Schedule B FY 23 FY 24 Budget Actual (Over) Under Budget to Date Budget Actual (Over) Under Budget to Date Budget Budget to Date 12/31/22 Actual to Date 12/31/22 (Over) Under Budget to Date Proposed Budget Increase (Decrease) From PY Summary by expense type Labor & Benefits 1,257,591 1,146,940 110,650 1,307,994 1,150,586 157,408 1,315,796 657,898 835,069 (177,171) 1,293,067 (22,729) Travel 44,950 1,729 43,221 38,450 10,436 28,014 26,450 13,225 4,683 8,542 20,000 (6,450) Training 49,300 25,474 23,826 49,300 19,660 29,640 49,300 24,650 1,314 23,336 50,000 700 Contractual 918,340 770,831 147,509 1,156,343 1,069,547 86,796 1,986,307 993,154 424,279 568,874 1,999,881 13,574 Contractual - Design Services - - - - - - - - - - - - Consulting-Administrative - - - - - - 249,375 124,688 83,860 40,827 265,000 15,625 Supplies & Materials 374,345 213,581 160,764 429,345 213,468 215,877 311,232 155,616 46,679 108,937 312,332 1,100 Other Costs 70,818 68,510 2,308 97,318 63,178 34,140 67,318 33,659 31,638 2,021 67,318 - Equipment, Furniture and Machinery 170,000 43,344 126,656 73,000 5,084 67,916 24,000 12,000 2,939 9,061 165,000 141,000 Administrative Costs 1,438,319 1,220,519 217,800 2,158,844 2,182,036 (23,192) 1,769,905 884,953 701,408 183,544 1,941,500 171,595 Indirect Costs 1,486,285 1,415,086 71,199 1,486,285 1,183,807 302,478 1,486,285 743,143 633,910 109,232 1,480,105 (6,180) O&M 4% Allocation to Battle Creek (181,245) - (181,245) (190,710) - (190,710) (236,473) (118,237) - (118,237) (303,768) (67,295) Total Bradley Lake Budget 5,628,703 4,906,015 722,688 6,606,169 5,897,803 708,366 7,049,495 3,524,748 2,765,780 758,968 7,290,435 240,940 FERC 535 - Operation Supervision & Engineering Operations Sup/Eng Bradley Lake Operating Labor & Benefits 107,453 99,339 8,114 107,604 92,562 15,042 108,311 54,155 58,695 (4,539) 105,451 (2,860) Travel 10,450 408 10,042 10,450 1,715 8,735 10,450 5,225 536 4,689 5,000 (5,450) Training 9,300 2,076 7,224 9,300 4,087 5,213 9,300 4,650 - 4,650 5,000 (4,300) Contractual 11,000 - 11,000 11,000 - 11,000 1,000 500 - 500 3,000 2,000 Supplies & Materials 4,000 3,082 918 4,000 942 3,058 4,000 2,000 327 1,673 4,000 - Administrative Costs - (9,745) 9,745 - - - - - - - - - Indirect Costs 155,698 138,722 16,976 155,698 127,416 28,282 155,698 77,849 75,615 2,235 155,698 (0) Bradley Lake Operating Total 297,901 233,883 64,018 298,052 226,723 71,329 288,759 144,380 135,172 9,208 278,149 (10,610) FERC 535 - Operation Supervision & Engineering Total 297,901 233,883 64,018 298,052 226,723 71,329 288,759 144,380 135,172 9,208 278,149 (10,610) Hydraulic Expenses Bradley Lake Operating Labor & Benefits 84,192 77,210 6,982 84,192 69,712 14,480 90,192 45,096 33,910 11,186 95,262 5,070 Travel 10,000 129 9,871 8,000 73 7,927 - - - - - - Contractual (37,000) 32,071 (69,071) 73,000 5,803 67,197 123,000 61,500 90 61,410 60,000 (63,000) Contractual 59,000 - 59,000 - - - - - - - - - Supplies & Materials 59,000 2,297 56,703 16,000 471 15,529 32,000 16,000 1,638 14,362 2,000 (30,000) Equipment, Furniture and Machinery 32,000 - 32,000 39,000 - 39,000 - - - - - - Administrative Costs - (8,712) 8,712 - - - - - - - - - Indirect Costs 114,320 106,091 8,229 114,320 93,656 20,664 114,320 57,160 47,972 9,188 109,250 (5,070) Bradley Lake Operating Total 321,512 209,086 112,426 334,512 169,715 164,797 359,512 179,756 83,610 96,146 266,512 (93,000) Bradley Battle Creek Diversion Bradley Battle Creek Diversion Total - - - - - - - - - - - - FERC 537 - Hydraulic Expenses Total 321,512 209,086 112,426 334,512 169,715 164,797 359,512 179,756 83,610 96,146 266,512 (93,000) FERC 538 - Electric Expenses Electric Expenses Bradley Lake Operating Labor & Benefits 218,044 251,924 (33,880) 218,044 218,221 (177) 218,044 109,022 98,357 10,665 218,044 (0) Travel 7,000 110 6,890 7,000 4,381 2,619 7,000 3,500 701 2,799 7,000 - Training 25,000 23,398 1,602 25,000 10,743 14,257 25,000 12,500 305 12,195 30,000 5,000 Contractual 2,000 - 2,000 5,000 - 5,000 2,000 1,000 - 1,000 5,000 3,000 Supplies & Materials 41,732 23,771 17,961 42,732 255 42,477 9,732 4,866 263 4,603 13,732 4,000 Other Costs 5,000 2,102 2,898 - - - - - - - - - Equipment, Furniture and Machinery 73,000 30,979 42,022 11,000 - 11,000 - - - - - - Administrative Costs - (25,026) 25,026 - 37,738 (37,738) - - - - - - Indirect Costs 262,004 293,373 (31,369) 262,004 216,110 45,894 262,004 131,002 116,412 14,590 262,004 0 Bradley Lake Operating Total 633,780 600,630 33,150 570,780 487,448 83,332 523,780 261,890 216,038 45,852 535,780 12,000 BRADLEY CIRCUITS/RADIO TO BERNICE LK BRADLEY CIRCUITS/RADIO TO BERNICE LK Total - - - - - - - - - - - - FERC 538 - Electric Expenses Total 633,780 600,630 33,150 570,780 487,448 83,332 523,780 261,890 216,038 45,852 535,780 12,000 FERC 539 - Misc. Hydraulic Power Generation Expenses Misc Hydro Power Exp FY 21 FY 22 Page 5 of 22 ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT Bradley Lake Operations and Maintenance Budget Schedule B FY 23 FY 24 Budget Actual (Over) Under Budget to Date Budget Actual (Over) Under Budget to Date Budget Budget to Date 12/31/22 Actual to Date 12/31/22 (Over) Under Budget to Date Proposed Budget Increase (Decrease) From PY FY 21 FY 22 Bradley Lake Operating Labor & Benefits 105,047 76,187 28,860 104,788 68,784 36,004 105,742 52,871 42,312 10,559 105,742 (0) Training 15,000 - 15,000 15,000 4,831 10,169 15,000 7,500 1,009 6,491 15,000 - Contractual 287,525 251,983 35,542 287,525 228,838 58,687 315,867 157,934 120,133 37,800 360,067 44,200 Supplies & Materials 17,900 28,574 (10,674) 17,900 29,833 (11,933) 17,900 8,950 8,146 804 25,000 7,100 Other Costs - - - - (714) 714 - - - - - - Administrative Costs - (21,052) 21,052 - - - - - - - - - Indirect Costs 114,320 104,693 9,627 114,320 95,365 18,955 114,320 57,160 55,438 1,722 114,320 0 Bradley Lake Operating Total 539,792 440,386 99,406 539,533 426,937 112,596 568,829 284,415 227,039 57,376 620,129 51,300 BRADLEY CIRCUITS/RADIO TO BERNICE LK Other Costs 35,695 35,696 (1) 35,695 34,920 775 35,695 17,848 17,253 594 35,695 - BRADLEY CIRCUITS/RADIO TO BERNICE LK Total 35,695 35,696 (1) 35,695 34,920 775 35,695 17,848 17,253 594 35,695 - BRADLEY CIRCUITS BERNICE LK TO ANCH Other Costs 29,773 29,162 611 29,773 28,734 1,039 29,773 14,887 14,385 502 29,773 - BRADLEY CIRCUITS BERNICE LK TO ANCH Total 29,773 29,162 611 29,773 28,734 1,039 29,773 14,887 14,385 502 29,773 - FERC 539 - Misc. Hydraulic Power Generation Expenses Total 605,260 505,244 100,016 605,001 490,592 114,409 634,297 317,149 258,676 58,472 685,597 51,300 FERC 540 - Rents FERC Land Use Fee SSQ Capital Acquisition SSQ Capital Acquisition Total - - - - - - - - - - - - FERC 540 - Rents Total - - - - - - - - - - - - FERC 541 - Maintenance Supervision & Engineering Maint Supervision/Eng Bradley Lake Operating Labor & Benefits 114,456 98,215 16,240 114,758 100,394 14,364 116,171 58,085 55,565 2,520 110,451 (5,720) Administrative Costs - (9,493) 9,493 - - - - - - - - - Indirect Costs 155,698 139,106 16,592 155,698 128,372 27,326 155,698 77,849 75,615 2,235 155,698 (0) Bradley Lake Operating Total 270,154 227,829 42,325 270,456 228,766 41,690 271,869 135,935 131,180 4,755 266,149 (5,720) FERC 541 - Maintenance Supervision & Engineering Total 270,154 227,829 42,325 270,456 228,766 41,690 271,869 135,935 131,180 4,755 266,149 (5,720) FERC 542 - Maintenance of Structures Maintenance of Structures Bradley Lake Operating Labor & Benefits 77,639 77,611 28 77,639 62,589 15,050 86,639 43,319 30,864 12,455 89,710 3,071 Contractual 59,000 41,592 17,408 89,000 62,009 26,991 56,000 28,000 35,694 (7,694) 56,000 - Supplies & Materials 100,713 56,277 44,436 243,713 34,868 208,845 94,000 47,000 3,705 43,295 78,000 (16,000) Equipment, Furniture and Machinery 52,000 12,365 39,635 23,000 5,084 17,916 19,000 9,500 1,725 7,775 15,000 (4,000) Administrative Costs - (11,689) 11,689 - 6,741 (6,741) - - - - - - Indirect Costs 105,421 104,384 1,037 105,421 80,072 25,349 105,421 52,711 43,731 8,980 102,350 (3,071) Bradley Lake Operating Total 394,773 280,540 114,233 538,773 251,363 287,410 361,060 180,530 115,719 64,811 341,060 (20,000) FERC 542 - Maintenance of Structures Total 394,773 280,540 114,233 538,773 251,363 287,410 361,060 180,530 115,719 64,811 341,060 (20,000) FERC 543 - Maintenance of Reservoirs, Dams & Waterways Maint Res, Dams, WWays Bradley Lake Operating Labor & Benefits 40,744 538 40,206 40,744 431 40,313 53,744 26,872 625 26,247 51,783 (1,961) Travel 5,000 - 5,000 5,000 - 5,000 1,000 500 - 500 - (1,000) Contractual 21,500 - 21,500 6,500 - 6,500 7,500 3,750 - 3,750 6,500 (1,000) Supplies & Materials - - - 15,000 - 15,000 20,000 10,000 - 10,000 20,000 - Administrative Costs - (55) 55 - - - - - - - - - Indirect Costs 56,689 833 55,856 56,689 501 56,188 56,689 28,344 287 28,057 58,650 1,961 Bradley Lake Operating Total 123,933 1,316 122,617 123,933 932 123,001 138,933 69,467 912 68,554 136,933 (2,000) BRADLEY POWER TUNNEL MAINT (Dam) Contractual 15,000 - 15,000 15,000 - 15,000 15,000 7,500 - 7,500 15,000 - BRADLEY POWER TUNNEL MAINT (Dam) Total 15,000 - 15,000 15,000 - 15,000 15,000 7,500 - 7,500 15,000 - FERC 543 - Maintenance of Reservoirs, Dams & Waterways Total 138,933 1,316 137,617 138,933 932 138,001 153,933 76,967 912 76,054 151,933 (2,000) FERC 544 - Maintenance of Electric Plant Maintenance of Elec Plant Bradley Lake Operating Labor & Benefits 309,110 324,925 (15,815) 309,110 258,335 50,775 309,110 154,555 122,912 31,644 309,110 (0) Travel 4,500 - 4,500 4,500 376 4,124 4,500 2,250 - 2,250 4,500 - Page 6 of 22 ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT Bradley Lake Operations and Maintenance Budget Schedule B FY 23 FY 24 Budget Actual (Over) Under Budget to Date Budget Actual (Over) Under Budget to Date Budget Budget to Date 12/31/22 Actual to Date 12/31/22 (Over) Under Budget to Date Proposed Budget Increase (Decrease) From PY FY 21 FY 22 Contractual 86,000 20,181 65,819 49,000 104,828 (55,828) 58,000 29,000 3,252 25,748 40,000 (18,000) Supplies & Materials 38,000 25,336 12,664 30,000 20,620 9,380 43,000 21,500 7,296 14,204 40,000 (3,000) Administrative Costs - (31,974) 31,974 - - - - - - - - - Indirect Costs 423,178 428,904 (5,726) 423,178 354,987 68,191 423,178 211,589 174,076 37,513 423,178 0 Bradley Lake Operating Total 860,788 767,372 93,416 815,788 739,147 76,641 837,788 418,894 307,536 111,358 816,788 (21,000) FERC 544 - Maintenance of Electric Plant Total 860,788 767,372 93,416 815,788 739,147 76,641 837,788 418,894 307,536 111,358 816,788 (21,000) FERC 545 - Maintenance of Misc. Hydraulic Plant Maint of Misc Hydr Plant Bradley Lake Operating Labor & Benefits 69,297 72,805 (3,508) 69,297 63,333 5,964 69,297 34,649 32,092 2,556 69,297 (0) Contractual 3,900 2,447 1,453 3,900 - 3,900 3,900 1,950 3,912 (1,962) 45,000 41,100 Supplies & Materials 58,000 70,481 (12,481) 34,000 70,114 (36,114) 29,000 14,500 12,025 2,475 68,000 39,000 Equipment, Furniture and Machinery - - - - - - 5,000 2,500 1,184 1,316 150,000 145,000 Administrative Costs - (9,789) 9,789 - - - - - - - - - Indirect Costs 98,957 98,981 (24) 98,957 87,328 11,629 98,957 49,478 44,765 4,714 98,957 0 Bradley Lake Operating Total 230,154 234,926 (4,772) 206,154 220,775 (14,621) 206,154 103,077 93,979 9,098 431,254 225,100 FERC 545 - Maintenance of Misc. Hydraulic Plant Total 230,154 234,926 (4,772) 206,154 220,775 (14,621) 206,154 103,077 93,979 9,098 431,254 225,100 FERC 556 - System Control & Load Dispatching System Cntl & Load Disp Bradley Lake Operating Labor & Benefits 21,140 16,879 4,261 19,708 17,143 2,565 20,174 10,087 12,484 (2,397) 20,174 - Contractual 53,000 5,010 47,990 53,000 88,680 (35,680) 85,500 42,750 47,196 (4,446) 85,500 - Supplies & Materials 6,000 3,040 2,960 6,000 6,442 (442) 12,000 6,000 3,828 2,172 12,000 - Administrative Costs - (997) 997 - - - - - - - - - Bradley Lake Operating Total 80,140 23,932 56,208 78,708 112,264 (33,556) 117,674 58,837 63,508 (4,671) 117,674 - Bradley Battle Creek Diversion Bradley Battle Creek Diversion Total - - - - - - - - - - - - Snow Measurement Bradley Lake Operating Contractual 10,000 10,000 - 10,000 9,507 493 10,000 5,000 10,000 (5,000) 10,000 - Administrative Costs - (400) 400 - - - - - - - - - Bradley Lake Operating Total 10,000 9,600 400 10,000 9,507 493 10,000 5,000 10,000 (5,000) 10,000 - Seismic Service Bradley Lake Operating Contractual 62,000 59,801 2,199 62,000 66,095 (4,095) 62,000 31,000 27,116 3,884 62,000 - Administrative Costs - (2,392) 2,392 - - - - - - - - - Bradley Lake Operating Total 62,000 57,409 4,591 62,000 66,095 (4,095) 62,000 31,000 27,116 3,884 62,000 - Streamguaging Serv Bradley Lake Operating Contractual 183,615 193,615 (10,000) 218,000 189,594 28,406 218,000 109,000 48,296 60,704 278,014 60,014 Administrative Costs - (7,745) 7,745 - - - - - - - - - Bradley Lake Operating Total 183,615 185,870 (2,255) 218,000 189,594 28,406 218,000 109,000 48,296 60,704 278,014 60,014 Permits Bradley Lake Operating Other Costs 350 1,550 (1,200) 350 238 112 350 175 - 175 350 - Administrative Costs - (62) 62 - - - - - - - - - Bradley Lake Operating Total 350 1,488 (1,138) 350 238 112 350 175 - 175 350 - FERC 556 - System Control & Load Dispatching Total 336,105 278,300 57,805 369,058 377,698 (8,640) 408,024 204,012 148,920 55,092 468,038 60,014 FERC 562 - Station Expenses Station Expenses Bradley Lake Operating Labor & Benefits - 212 (212) - - - - - - - - - Labor & Benefits 55,712 29,810 25,902 62,388 113,987 (51,599) 64,043 32,022 20,208 11,814 64,043 - Labor & Benefits 27,298 19,707 7,591 71,759 72,111 (352) 34,375 17,188 15,742 1,445 38,000 3,625 Travel 4,500 53 4,447 3,500 241 3,259 3,500 1,750 - 1,750 3,500 - Contractual - 3,024 (3,024) - - - - - - - - - Contractual 1,800 - 1,800 2,000 62,218 (60,218) 1,800 900 - 900 1,800 - Contractual - 51,729 (51,729) 59,600 146,790 (87,190) 86,160 43,080 16,576 26,504 78,500 (7,660) Supplies & Materials 10,000 209 9,791 10,000 23,616 (13,616) 9,600 4,800 - 4,800 9,600 - Page 7 of 22 ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT Bradley Lake Operations and Maintenance Budget Schedule B FY 23 FY 24 Budget Actual (Over) Under Budget to Date Budget Actual (Over) Under Budget to Date Budget Budget to Date 12/31/22 Actual to Date 12/31/22 (Over) Under Budget to Date Proposed Budget Increase (Decrease) From PY FY 21 FY 22 Supplies & Materials 34,000 515 33,485 5,000 26,307 (21,307) 35,000 17,500 2,510 14,990 10,000 (25,000) Other Costs - - - 1,500 - 1,500 1,500 750 - 750 1,500 - Other Costs - 30,000 - 30,000 - - - - - - Equipment, Furniture and Machinery - - - - - - - - - - - - Equipment, Furniture and Machinery 13,000 - 13,000 - - - - - - - - Administrative Costs - (4,210) 4,210 - - - - - - - - - Bradley Lake Operating Total 146,310 101,048 45,262 245,747 445,271 (199,524) 235,978 117,989 55,036 62,953 206,943 (29,035) FERC 562 - Station Expenses Total 146,310 101,048 45,262 245,747 445,271 (199,524) 235,978 117,989 55,036 62,953 206,943 (29,035) FERC 566 - Misc. Transmission Expenses Weather Monitoring Power Sup Bradley Lake Operating Bradley Lake Operating Total - - - - - - - - - - - - FERC 566 - Misc. Transmission Expenses Total - - - - - - - - - - - - FERC 571 - Maintenance of Overhead Lines Maint of OH Lines Bradley Lake Operating Labor & Benefits 27,459 1,577 25,882 27,963 12,984 14,979 39,954 19,977 2,046 17,931 16,000 (23,954) Contractual 100,000 99,378 622 100,000 20,523 79,477 150,000 75,000 41,257 33,743 75,000 (75,000) Supplies & Materials 5,000 - 5,000 5,000 - 5,000 5,000 2,500 - 2,500 30,000 25,000 Equipment, Furniture and Machinery - - - - - - - - 29 (29) - - Administrative Costs - (4,038) 4,038 - - - - - - - - - Bradley Lake Operating Total 132,459 96,916 35,543 132,963 33,507 99,456 194,954 97,477 43,332 54,145 121,000 (73,954) SSQ Line Operating FERC 571 - Maintenance of Overhead Lines Total 132,459 96,916 35,543 132,963 33,507 99,456 194,954 97,477 43,332 54,145 121,000 (73,954) FERC 920 & 930 - Administrative Expense AEA Bradley Fixed Admin Fees Bradley Lake Operating Administrative Costs 181,245 94,943 86,302 274,000 212,299 61,701 277,000 138,500 74,677 63,823 387,700 110,700 Travel 3,500 1,029 2,471 - 3,650 (3,650) - - - - - - Administrative Costs 2,500 3,095 (595) - 1,636 (1,636) - - 933 (933) - - Administrative Costs 19,755 91,681 (71,926) 2,500 59,087 (56,587) 2,500 1,250 38,900 (37,650) 2,500 - Bradley Lake Operating Total 207,000 190,748 16,252 276,500 276,672 (172) 279,500 139,750 114,510 25,240 390,200 110,700 Bradley Lake Bond Financing Administrative Costs - - - - - - - - 19,697 (19,697) - - Bradley Lake Bond Financing Total - - - - - - - - 19,697 (19,697) - - Bradley Battle Creek Diversion Bradley Battle Creek Diversion Total - - - - - - - - - - - - Battle Creek Operating Battle Creek Operating Total - - - - - - - - - - - - Shared - 100% AEA Bradley Lake Administrative Costs - 70,742 (70,742) - 69,726 (69,726) - - - - - - Shared - 100% AEA Bradley Lake Total - 70,742 (70,742) - 69,726 (69,726) - - - - - - Operating Committee Exp-Audit Bradley Lake Operating Administrative Costs 19,900 21,120 (1,220) 19,900 22,494 (2,594) 19,900 9,950 - 9,950 22,000 2,100 Bradley Lake Operating Total 19,900 21,120 (1,220) 19,900 22,494 (2,594) 19,900 9,950 - 9,950 22,000 2,100 Operating Committee Exp-Legal Bradley Lake Operating Administrative Costs 70,000 60,098 9,902 70,000 231,567 (161,567) 70,000 35,000 74,425 (39,425) 80,000 10,000 Bradley Lake Operating Total 70,000 60,098 9,902 70,000 231,567 (161,567) 70,000 35,000 74,425 (39,425) 80,000 10,000 Operat Committee Exp-Arbitrage Bradley Lake Operating Administrative Costs 5,000 2,818 2,182 5,000 33 4,967 5,000 2,500 - 2,500 - (5,000) Bradley Lake Operating Total 5,000 2,818 2,182 5,000 33 4,967 5,000 2,500 - 2,500 - (5,000) Trust & Account Fees Bradley Lake Operating Administrative Costs 13,000 11,441 1,559 13,000 - 13,000 13,000 6,500 - 6,500 13,000 - Bradley Lake Operating Total 13,000 11,441 1,559 13,000 - 13,000 13,000 6,500 - 6,500 13,000 - SSQ Capital Acquisition Page 8 of 22 ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT Bradley Lake Operations and Maintenance Budget Schedule B FY 23 FY 24 Budget Actual (Over) Under Budget to Date Budget Actual (Over) Under Budget to Date Budget Budget to Date 12/31/22 Actual to Date 12/31/22 (Over) Under Budget to Date Proposed Budget Increase (Decrease) From PY FY 21 FY 22 SSQ Capital Acquisition Total - - - - - - - - - - - - Misc Admin Bradley Lake Operating Administrative Costs 18,900 18,202 698 12,000 12,976 (976) 12,000 6,000 12,976 (6,976) 13,000 1,000 Bradley Lake Operating Total 18,900 18,202 698 12,000 12,976 (976) 12,000 6,000 12,976 (6,976) 13,000 1,000 Professional Consultants Bradley Lake Operating Labor & Benefits - - - - - - - - 309,258 (309,258) - - Travel - - - - - - - - 3,446 (3,446) - - Contractual - - - 111,818 84,662 27,156 790,580 395,290 70,757 324,533 818,500 27,920 Consulting-Administrative - - - - - - - - 83,860 (83,860) - - Supplies & Materials - - - - - - - - 6,940 (6,940) - - Bradley Lake Operating Total - - - 111,818 84,662 27,156 790,580 395,290 474,261 (78,971) 818,500 27,920 FERC 920 & 930 - Administrative Expense Total 333,800 375,169 (41,369) 508,218 698,129 (189,911) 1,189,980 594,990 695,869 (100,879) 1,336,700 146,720 FERC 924 & 925 - Insurance Premiums Insurance Premiums Bradley Lake Operating Administrative Costs 692,019 656,351 35,668 1,366,444 1,159,992 206,452 984,179 492,090 464,659 27,430 1,100,000 115,821 Administrative Costs 56,000 23,724 32,276 16,000 27,254 (11,254) 31,326 15,663 15,141 522 38,300 6,974 Bradley Lake Operating Total 748,019 680,076 67,943 1,382,444 1,187,246 195,198 1,015,505 507,753 479,800 27,952 1,138,300 122,795 Risk Management Bradley Lake Operating Administrative Costs - - - 25,000 - 25,000 - - - - - - Bradley Lake Operating Total - - - 25,000 - 25,000 - - - - - - FERC 924 & 925 - Insurance Premiums Total 748,019 680,076 67,943 1,407,444 1,187,246 220,198 1,015,505 507,753 479,800 27,952 1,138,300 122,795 FERC 923 - Outside Services Employed Outside Services Employed Bradley Lake Operating Consulting-Administrative - - - - - - 249,375 124,688 - 124,688 265,000 15,625 Bradley Lake Operating Total - - - - - - 249,375 124,688 - 124,688 265,000 15,625 FERC 923 - Outside Services Employed Total - - - - - - 249,375 124,688 - 124,688 265,000 15,625 FERC 928 - Regulatory Commission Expenses FERC Admin Fees Bradley Lake Operating Administrative Costs 175,000 156,071 18,929 150,000 172,565 (22,565) 150,000 75,000 - 75,000 165,000 15,000 Bradley Lake Operating Total 175,000 156,071 18,929 150,000 172,565 (22,565) 150,000 75,000 - 75,000 165,000 15,000 FERC Related Prof Services Bradley Lake Operating Administrative Costs - (6,567) 6,567 - - - - - - - - - Bradley Lake Operating Total - (6,567) 6,567 - - - - - - - - - BRADLEY FERC PART 12 INSPECTION Administrative Costs 75,000 42,396 32,604 25,000 57,905 (32,905) 25,000 12,500 - 12,500 - (25,000) BRADLEY FERC PART 12 INSPECTION Total 75,000 42,396 32,604 25,000 57,905 (32,905) 25,000 12,500 - 12,500 - (25,000) BRADLEY CONTRACTUAL ENGINEER-FERC LICENSE ISSUES Administrative Costs 110,000 121,783 (11,783) 180,000 110,022 69,978 180,000 90,000 - 90,000 120,000 (60,000) BRADLEY CONTRACTUAL ENGINEER-FERC LICENSE ISSUES Total 110,000 121,783 (11,783) 180,000 110,022 69,978 180,000 90,000 - 90,000 120,000 (60,000) FERC 928 - Regulatory Commission Expenses Total 360,000 313,682 46,318 355,000 340,493 14,507 355,000 177,500 - 177,500 285,000 (70,000) O&M 4% Allocation to Battle Creek (181,245) - (181,245) (190,710) - (190,710) (236,473) (118,237) - (118,237) (303,768) (67,295) Total Bradley Lake Budget 5,628,703 4,906,015 722,688 6,606,169 5,897,803 708,366 7,049,495 3,524,748 2,765,780 758,968 7,290,435 240,940 Page 9 of 22 ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT Monthly Utility Contributions Schedule C A C D E F FY2021 FY2022 FY2023 FY2024 Annual Annual Annual Proposed FY2023 to Percent Amend Amend Amend Annual FY2024 Power Purchaser Share Budget Budget Budget Budget Change Chugach Electric 56.30%9,235,126 4,563,152 12,601,342 12,649,517 48,175 Homer Electric 12.00%1,968,409 972,607 2,685,897 2,696,166 10,268 Matanuska Electric 13.80%2,263,673 1,118,500 3,088,785 3,100,594 11,808 Golden Valley Electric 16.90%2,772,178 1,369,756 3,782,641 3,797,102 14,461 City of Seward 1.00%164,034 81,051 223,825 224,681 856 100.0%16,403,421 8,105,065 22,382,491 22,468,059 85,568 Percent FY2021 FY2022 FY2023 FY2024 FY2023 to Power Purchaser Share Monthly Monthly Monthly Proposed FY2024 Monthly Change Chugach Electric 56.30%769,594 380,263 1,050,112 1,054,126 4,015 Homer Electric 12.00%164,034 81,051 223,825 224,680 856 Matanuska Electric 13.80%188,639 93,208 257,399 258,383 984 Golden Valley Electric 16.90%231,015 114,146 315,220 316,425 1,205 City of Seward 1.00%13,670 6,754 18,652 18,723 71 100.0%1,366,952 675,422 1,865,208 1,872,338 7,131 Page 10 of 22 ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT R&C Fund Disbursements and Repayments Schedule D Actual ACTUAL Actual ACTUAL Actual ACTUAL PROJECTED PROJECTED PROJECTED PROJECTED TO REPAY 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 06/30/23 Disburse at 06/30/24 R&C FUND PROJECTS Governor - 4,052,070.14 - 4,052,070.14 - 4,052,070.14 - 4,052,070.14 - 4,052,070.14 Replace RFLS - 251,092.69 - 251,092.69 - 251,092.69 - 251,092.69 - 251,092.69 Replace Runners - 1,946,732.79 - 1,946,732.79 - 1,946,732.79 - 1,946,732.79 - 1,946,732.79 Replace Cable from Dam to Power House - 2,321,922.94 - 2,321,922.94 - 2,321,922.94 - 2,321,922.94 - 2,321,922.94 Replace Power System Stabilizer - 619,205.10 - 619,205.10 - 619,205.10 - 619,205.10 - 619,205.10 Replace two RTUs - 86,905.27 - 86,905.27 - 86,905.27 - 86,905.27 - 86,905.27 Culvert Repairs - 675,966.79 - 675,966.79 - 675,966.79 - 675,966.79 - 675,966.79 Trans Towers Frost Jacking Repairs - 887,596.62 - 887,596.62 - 887,596.62 - 887,596.62 - 887,596.62 Replace Plant and SCADA Controls - 1,344,683.05 - 1,344,683.05 - 1,344,683.05 - 1,344,683.05 - 1,344,683.05 Vibration Monitoring System - 490.00 - 490.00 - 490.00 - 490.00 - 490.00 Fire Alarm System Replacement 41,179.09 41,179.09 64,452.15 105,631.24 28,593.37 134,224.61 1,500,000.00 1,841,179.09 1,338,000.00 1,841,179.09 Battle Creek Diversion - 1,170,000.00 - 1,170,000.00 - 1,170,000.00 - 1,170,000.00 - 1,170,000.00 Replace Electro-Mechanical Relays - 1,277,197.06 - 1,277,197.06 - 1,277,197.06 - 1,277,197.06 - 1,277,197.06 Fishwater Screen Debris Removal - 312,236.43 - 312,236.43 - 312,236.43 - 312,236.43 - 312,236.43 Turbine Nozzle Repair - 1,428,861.07 - 1,428,861.07 - 1,428,861.07 - 1,428,861.07 - 1,428,861.07 SVC replacement Daves Creek | Soldotna - 8,517,991.11 - 8,517,991.11 - 8,517,991.11 - 8,517,991.11 - 8,517,991.11 Equipment Storage Shed - 510,550.13 - 510,550.13 - 510,550.13 - 510,550.13 - 510,550.13 Emerson Operating System Upgrade - 622,665.00 - 622,665.00 - 622,665.00 - 622,665.00 - 622,665.00 Generator #2 Relacement 370,871.04 953,212.71 - 953,212.71 - 953,212.71 - 953,212.71 - 953,212.71 Road Grader - - - - 342,330.00 342,330.00 - 370,000.00 - 370,000.00 Battle Creek Construction - - 3,739,590.93 3,739,590.93 - 3,739,590.93 - 3,666,000.00 - 3,666,000.00 Battle Creek Cash Call - - 750,000.00 750,000.00 - 750,000.00 - 750,000.00 - 750,000.00 Repayment through Cash Call - - (750,000.00) (750,000.00) - (750,000.00) - (750,000.00) - (750,000.00) Needle Rapairs - - 1,482,791.23 1,482,791.23 - 1,482,791.23 - 1,500,000.00 - 1,500,000.00 Construct additional residence - - - - 69,593.86 69,593.86 - 980,000.00 910,000.00 1,049,406.00 Spillway Raise & Expansion Project - - - - 547,699.29 547,699.29 1,500,000.00 2,300,000.00 252,000.00 2,300,000.00 Needle Valve Rebuild - - - - - - - - 1,319,535.00 1,319,535.00 412,050.13 27,020,557.99 5,286,834.31 32,307,392.30 988,216.52 33,295,608.82 3,000,000.00 37,636,557.99 3,819,535.00 39,025,498.99 4th yr 1,411,048.27 3rd yr 335,351.49 4th yr 335,351.49 2nd yr 428,889.20 3rd yr 428,889.20 4th yr 428,889.20 1st yr 103,012.53 2nd yr 103,012.53 3rd yr 103,012.53 4th yr 103,012.53 4th yr 1st yr 1,321,708.58 2nd yr 1,321,708.58 3rd yr 1,321,708.58 4th yr 1,321,708.58 4th yr 1st yr 247,054.13 2nd yr 247,054.13 3rd yr 247,054.13 3rd yr 1st yr 750,000.00 2nd yr 750,000.00 2nd yr 1st yr 954,883.75 1st yr 2,278,301.49 2,188,961.80 2,100,664.44 2,421,775.24 3,273,646.46 Page 11 of 22 ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT Battle Creek Capital Purchases (not funded by R&C Fund) Schedule E FY21 FY22 FY23 FY21 FY22 FY23 FY24 Actuals Amend Amend Approved Proposed Actuals Actuals @12/31/22 Budget Budget Budget Budget Battle Creek Diversion 7,913 - 320,000 - - - Battle Creek Associated Costs - 22,196 7,482 - 15,000 15,000 15,000 Vent Enlargment - 13,077 32,182 - 50,000 50,000 - Pressure Sensor with SCADA - 2,807 168 - 25,000 25,000 - Power Feed to LBC Bridge - 19,548 - - 25,000 - - Survey and Monument DNR Lease - - - - - - 150,000 Total Non R&C Capital Purchases 7,913 57,628 39,832 320,000 115,000 90,000 165,000 Capital Construction Project Description Page 12 of 22 ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT Battle Creek Operations & Maintenance Budget Schedule F FY 23 FY24 Budget Actual (Over) Under Budget to Date Budget Actual (Over) Under Budget to Date Budget Budget to Date 12/31/22 Actual to Date 12/31/22 (Over) Under Budget to Date Proposed Budget Increase (Decrease) From PY Summary by expense type Direct Purchases/Travel - 2,174 (2,174) - - - - - - - - - Labor & Benefits - - - - 48,457 (48,457) - - 28,488 (28,488) - - Travel - - - - 358 (358) - - 173 (173) - - Training - - - - 682 (682) - - 55 (55) - - Contractual 111,000 82,481 28,519 126,000 149,484 (23,484) 126,000 63,000 28,222 34,778 125,000 (1,000) Consulting-Administrative - - - - 60 (60) - - 39 (39) - - Supplies & Materials - - - - 9,628 (9,628) - - 1,518 (1,518) - - Other Costs - - - - 2,376 (2,376) - - 1,091 (1,091) - - Equipment, Furniture and Machinery - - - - 239 (239) - - 51 (51) - - Administrative Costs 255,469 391,177 (135,708) 82,900 157,670 (74,770) 54,900 27,450 27,316 134 61,500 6,600 Indirect Costs - - - - 50,826 (50,826) - - 21,796 (21,796) - - O&M 4% Allocation to Battle Creek 181,245 - 181,245 190,710 - 190,710 236,473 118,237 - 118,237 303,768 67,295 Total Bradley Lake Budget 547,714 475,832 71,882 399,610 419,780 (20,170) 417,373 208,687 108,748 99,938 490,268 72,895 FERC 535 - Operation Supervision & Engineering Operations Sup/Eng Battle Creek Operating Labor & Benefits - - - - 3,989 (3,989) - - 2,023 (2,023) - - Travel - - - - 77 (77) - - 22 (22) - - Training - - - - 192 (192) - - - - - - Supplies & Materials - - - - 44 (44) - - - - - - Administrative Costs - 9,745 (9,745) - - - - - - - - - Indirect Costs - - - - 5,485 (5,485) - - 2,639 (2,639) - - Battle Creek Operating Total - 9,745 (9,745) - 9,788 (9,788) - - 4,684 (4,684) - - FERC 535 - Operation Supervision & Engineering Total - 9,745 (9,745) - 9,788 (9,788) - - 4,684 (4,684) - - FERC 537 - Hydraulic Expenses Hydraulic Expenses Bradley Battle Creek Diversion Bradley Battle Creek Diversion Total - - - - - - - - - - - - Battle Creek Operating Labor & Benefits - - - - 3,019 (3,019) - - 1,150 (1,150) - - Travel - - - - 3 (3) - - - - - - Contractual 66,000 37,481 28,519 81,000 66,287 14,713 81,000 40,500 - 40,500 70,000 (11,000) Supplies & Materials - - - - 22 (22) - - 17 (17) - - Administrative Costs - 8,712 (8,712) - - - - - - - - - Indirect Costs - - - - 4,014 (4,014) - - 1,642 (1,642) - - Battle Creek Operating Total 66,000 46,193 19,807 81,000 73,345 7,655 81,000 40,500 2,808 37,692 70,000 (11,000) FERC 537 - Hydraulic Expenses Total 66,000 46,193 19,807 81,000 73,345 7,655 81,000 40,500 2,808 37,692 70,000 (11,000) FERC 538 - Electric Expenses Electric Expenses BRADLEY CIRCUITS/RADIO TO BERNICE LK BRADLEY CIRCUITS/RADIO TO BERNICE LK Total - - - - - - - - - - - - Battle Creek Operating Labor & Benefits - - - - 9,566 (9,566) - - 3,327 (3,327) - - Travel - - - - 206 (206) - - 7 (7) - - Training - - - - 461 (461) - - 13 (13) - - Supplies & Materials - - - - 2 (2) - - - - - - Administrative Costs - 25,026 (25,026) - 1,776 (1,776) - - - - - - Indirect Costs - - - - 9,271 (9,271) - - 3,975 (3,975) - - Battle Creek Operating Total - 25,026 (25,026) - 21,282 (21,282) - - 7,322 (7,322) - - FERC 538 - Electric Expenses Total - 25,026 (25,026) - 21,282 (21,282) - - 7,322 (7,322) - - FERC 539 - Misc. Hydraulic Power Generation Expenses Misc Hydro Power Exp BRADLEY CIRCUITS/RADIO TO BERNICE LK Other Costs - - - - 538 (538) - - - - - - BRADLEY CIRCUITS/RADIO TO BERNICE LK Total - - - - 538 (538) - - - - - - FY 21 FY 22 Page 13 of 22 ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT Battle Creek Operations & Maintenance Budget Schedule F FY 23 FY24 Budget Actual (Over) Under Budget to Date Budget Actual (Over) Under Budget to Date Budget Budget to Date 12/31/22 Actual to Date 12/31/22 (Over) Under Budget to Date Proposed Budget Increase (Decrease) From PY FY 21 FY 22 BRADLEY CIRCUITS BERNICE LK TO ANCH Other Costs - - - - 84 (84) - - - - - - BRADLEY CIRCUITS BERNICE LK TO ANCH Total - - - - 84 (84) - - - - - - Battle Creek Operating Labor & Benefits - - - - 2,952 (2,952) - - 1,445 (1,445) - - Training - - - - 28 (28) - - 42 (42) - - Contractual - - - - 9,860 (9,860) - - 4,580 (4,580) - - Supplies & Materials - - - - 1,288 (1,288) - - 275 (275) - - Other Costs - - - - 1,742 (1,742) - - 1,091 (1,091) - - Administrative Costs - 21,052 (21,052) - - - - - - - - - Indirect Costs - - - - 4,044 (4,044) - - 1,881 (1,881) - - Battle Creek Operating Total - 21,052 (21,052) - 19,915 (19,915) - - 9,314 (9,314) - - FERC 539 - Misc. Hydraulic Power Generation Expenses Total - 21,052 (21,052) - 20,537 (20,537) - - 9,314 (9,314) - - FERC 541 - Maintenance Supervision & Engineering Maint Supervision/Eng Battle Creek Operating Labor & Benefits - - - - 4,358 (4,358) - - 1,892 (1,892) - - Administrative Costs - 9,493 (9,493) - - - - - - - - - Indirect Costs - - - - 5,530 (5,530) - - 2,639 (2,639) - - Battle Creek Operating Total - 9,493 (9,493) - 9,888 (9,888) - - 4,531 (4,531) - - FERC 541 - Maintenance Supervision & Engineering Total - 9,493 (9,493) - 9,888 (9,888) - - 4,531 (4,531) - - FERC 542 - Maintenance of Structures Maintenance of Structures Battle Creek Operating Labor & Benefits - - - - 2,721 (2,721) - - 1,047 (1,047) - - Contractual - - - - 2,715 (2,715) - - 1,134 (1,134) - - Supplies & Materials - - - - 1,604 (1,604) - - 107 (107) - - Equipment, Furniture and Machinery - - - - 239 (239) - - 2 (2) - - Administrative Costs - 11,689 (11,689) - 317 (317) - - - - - - Indirect Costs - - - - 3,419 (3,419) - - 1,497 (1,497) - - Battle Creek Operating Total - 11,689 (11,689) - 11,015 (11,015) - - 3,786 (3,786) - - FERC 542 - Maintenance of Structures Total - 11,689 (11,689) - 11,015 (11,015) - - 3,786 (3,786) - - FERC 543 - Maintenance of Reservoirs, Dams & Waterways Maint Res, Dams, WWays Battle Creek Operating Labor & Benefits - - - - 20 (20) - - 26 (26) - - Administrative Costs - 55 (55) - - - - - - - - - Indirect Costs - - - - 24 (24) - - 12 (12) - - Battle Creek Operating Total - 55 (55) - 44 (44) - - 38 (38) - - FERC 543 - Maintenance of Reservoirs, Dams & Waterways Total - 55 (55) - 44 (44) - - 38 (38) - - FERC 544 - Maintenance of Electric Plant Maintenance of Elec Plant Battle Creek Operating Labor & Benefits - - - - 11,246 (11,246) - - 4,170 (4,170) - - Travel - - - - 18 (18) - - - - - - Contractual - - - - 4,839 (4,839) - - - - - - Supplies & Materials - - - - 906 (906) - - 203 (203) - - Administrative Costs - 31,974 (31,974) - - - - - - - - - Indirect Costs - - - - 15,296 (15,296) - - 5,961 (5,961) - - Battle Creek Operating Total - 31,974 (31,974) - 32,304 (32,304) - - 10,333 (10,333) - - FERC 544 - Maintenance of Electric Plant Total - 31,974 (31,974) - 32,304 (32,304) - - 10,333 (10,333) - - FERC 545 - Maintenance of Misc. Hydraulic Plant Maint of Misc Hydr Plant Battle Creek Operating Labor & Benefits - - - - 2,736 (2,736) - - 1,110 (1,110) - - Contractual - - - - - - - - 163 (163) - - Supplies & Materials - - - - 3,188 (3,188) - - 363 (363) - - Page 14 of 22 ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT Battle Creek Operations & Maintenance Budget Schedule F FY 23 FY24 Budget Actual (Over) Under Budget to Date Budget Actual (Over) Under Budget to Date Budget Budget to Date 12/31/22 Actual to Date 12/31/22 (Over) Under Budget to Date Proposed Budget Increase (Decrease) From PY FY 21 FY 22 Equipment, Furniture and Machinery - - - - - - - - 49 (49) - - Administrative Costs - 9,789 (9,789) - - - - - - - - - Indirect Costs - - - - 3,744 (3,744) - - 1,551 (1,551) - - Battle Creek Operating Total - 9,789 (9,789) - 9,668 (9,668) - - 3,237 (3,237) - - FERC 545 - Maintenance of Misc. Hydraulic Plant Total - 9,789 (9,789) - 9,668 (9,668) - - 3,237 (3,237) - - FERC 556 - System Control & Load Dispatching System Cntl & Load Disp Bradley Battle Creek Diversion Bradley Battle Creek Diversion Total - - - - - - - - - - - - Battle Creek Operating Labor & Benefits - - - - 542 (542) - - 482 (482) - - Contractual - - - - 4,166 (4,166) - - 1,959 (1,959) - - Supplies & Materials - - - - 303 (303) - - 160 (160) - - Administrative Costs - 997 (997) - - - - - - - - - Battle Creek Operating Total - 997 (997) - 5,011 (5,011) - - 2,600 (2,600) - - Snow Measurement Battle Creek Operating Contractual - - - - 493 (493) - - - - - - Administrative Costs - 400 (400) - - - - - - - - - Battle Creek Operating Total - 400 (400) - 493 (493) - - - - - - Seismic Service Battle Creek Operating Contractual - - - - 2,147 (2,147) - - 1,130 (1,130) - - Administrative Costs - 2,392 (2,392) - - - - - - - - - Battle Creek Operating Total - 2,392 (2,392) - 2,147 (2,147) - - 1,130 (1,130) - - Streamguaging Serv Bradley Battle Creek Diversion Contractual - 11,250 (11,250) - - - - - - - - - Bradley Battle Creek Diversion Total - 11,250 (11,250) - - - - - - - - - Battle Creek Operating Contractual 45,000 33,750 11,250 45,000 52,793 (7,793) 45,000 22,500 16,262 6,238 55,000 10,000 Administrative Costs - 7,745 (7,745) - - - - - - - - - Battle Creek Operating Total 45,000 41,495 3,505 45,000 52,793 (7,793) 45,000 22,500 16,262 6,238 55,000 10,000 Permits Battle Creek Operating Other Costs - - - - 12 (12) - - - - - - Administrative Costs - 62 (62) - - - - - - - - - Battle Creek Operating Total - 62 (62) - 12 (12) - - - - - - FERC 556 - System Control & Load Dispatching Total 45,000 56,596 (11,596) 45,000 60,457 (15,457) 45,000 22,500 19,992 2,508 55,000 10,000 FERC 562 - Station Expenses Station Expenses Battle Creek Operating Labor & Benefits - - - - 7,242 (7,242) - - 1,221 (1,221) - - Travel - - - - 11 (11) - - - - - - Contractual - - - - 5,338 (5,338) - - 561 (561) - - Supplies & Materials - - - - 2,271 (2,271) - - 105 (105) - - Administrative Costs - 4,210 (4,210) - - - - - - - - - Battle Creek Operating Total - 4,210 (4,210) - 14,862 (14,862) - - 1,886 (1,886) - - FERC 562 - Station Expenses Total - 4,210 (4,210) - 14,862 (14,862) - - 1,886 (1,886) - - FERC 571 - Maintenance of Overhead Lines Maint of OH Lines Battle Creek Operating Labor & Benefits - - - - 67 (67) - - 79 (79) - - Contractual - - - - 106 (106) - - 125 (125) - - Administrative Costs - 4,038 (4,038) - - - - - - - - - Battle Creek Operating Total - 4,038 (4,038) - 174 (174) - - 205 (205) - - Page 15 of 22 ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT Battle Creek Operations & Maintenance Budget Schedule F FY 23 FY24 Budget Actual (Over) Under Budget to Date Budget Actual (Over) Under Budget to Date Budget Budget to Date 12/31/22 Actual to Date 12/31/22 (Over) Under Budget to Date Proposed Budget Increase (Decrease) From PY FY 21 FY 22 FERC 571 - Maintenance of Overhead Lines Total - 4,038 (4,038) - 174 (174) - - 205 (205) - - FERC 920 & 930 - Administrative Expense AEA Bradley Fixed Admin Fees Bradley Lake Operating Bradley Lake Operating Total - - - - - - - - - - - - Bradley Battle Creek Diversion Bradley Battle Creek Diversion Total - - - - - - - - - - - - Battle Creek Vent Enlargment Administrative Costs - - - - - - - - 148 (148) - - Battle Creek Vent Enlargment Total - - - - - - - - 148 (148) - - Battle Creek Operating Direct Purchases/Travel - 574 (574) - - - - - - - - - Administrative Costs - 22,840 (22,840) 71,000 26,505 44,495 - - 2,073 (2,073) - - Travel - - - - 42 (42) - - - - - - Consulting-Administrative - - - - 60 (60) - - 39 (39) - - Administrative Costs 122,000 31,912 90,088 - 30,409 (30,409) 43,000 21,500 1,633 19,867 50,000 7,000 Administrative Costs 11,419 1,285 10,134 - - - - - - - - - Battle Creek Operating Total 133,419 56,611 76,808 71,000 57,016 13,984 43,000 21,500 3,745 17,755 50,000 7,000 Shared - 100% AEA Bradley Lake Administrative Costs - - - - 681 (681) - - - - - - Shared - 100% AEA Bradley Lake Total - - - - 681 (681) - - - - - - Shared - 100% AEA Battle Creek Administrative Costs - 32,773 (32,773) - 9,533 (9,533) - - - - - - Shared - 100% AEA Battle Creek Total - 32,773 (32,773) - 9,533 (9,533) - - - - - - Operating Committee Exp-Audit Battle Creek Operating Administrative Costs - 880 (880) - 1,166 (1,166) - - - - - - Battle Creek Operating Total - 880 (880) - 1,166 (1,166) - - - - - - Operating Committee Exp-Legal Bradley Battle Creek Diversion Administrative Costs - 219 (219) - - - - - - - - - Bradley Battle Creek Diversion Total - 219 (219) - - - - - - - - - Battle Creek Operating Administrative Costs 30,000 19,711 10,289 5,000 17,505 (12,505) 5,000 2,500 3,039 (539) 5,000 - Battle Creek Operating Total 30,000 19,711 10,289 5,000 17,505 (12,505) 5,000 2,500 3,039 (539) 5,000 - Operat Committee Exp-Arbitrage Bradley Battle Creek Diversion Bradley Battle Creek Diversion Total - - - - - - - - - - - - Battle Creek Operating Administrative Costs 2,000 1,807 193 2,000 1,692 308 2,000 1,000 - 1,000 - (2,000) Battle Creek Operating Total 2,000 1,807 193 2,000 1,692 308 2,000 1,000 - 1,000 - (2,000) Trust & Account Fees Bradley Battle Creek Diversion Bradley Battle Creek Diversion Total - - - - - - - - - - - - Battle Creek Operating Administrative Costs 8,800 8,077 723 4,800 4,058 742 4,800 2,400 - 2,400 5,500 700 Battle Creek Operating Total 8,800 8,077 723 4,800 4,058 742 4,800 2,400 - 2,400 5,500 700 Misc Admin Bradley Battle Creek Diversion Bradley Battle Creek Diversion Total - - - - - - - - - - - - Battle Creek Operating Direct Purchases/Travel - 1,600 (1,600) - - - - - - - - - Administrative Costs 100 24,922 (24,822) 100 654 (554) 100 50 541 (491) 1,000 900 Battle Creek Operating Total 100 26,522 (26,422) 100 654 (554) 100 50 541 (491) 1,000 900 Professional Consultants Bradley Lake Operating 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 FY 23 FY24 Budget Actual (Over) Under Budget to Date Budget Actual (Over) Under Budget to Date Budget Budget to Date 12/31/22 Actual to Date 12/31/22 (Over) Under Budget to Date Proposed Budget Increase (Decrease) From PY FY 21 FY 22 Bradley Lake Operating Total - - - - - - - - - - - - Bradley Battle Creek Diversion Bradley Battle Creek Diversion Total - - - - - - - - - - - - Battle Creek Operating Labor & Benefits - - - - - - - - 10,515 (10,515) - - Travel - - - - - - - - 144 (144) - - Contractual - - - - 739 (739) - - 2,308 (2,308) - - Supplies & Materials - - - - - - - - 289 (289) - - Administrative Costs 81,150 57,963 23,187 - - - - - - - - - Battle Creek Operating Total 81,150 57,963 23,187 - 739 (739) - - 13,256 (13,256) - - FERC 920 & 930 - Administrative Expense Total 255,469 204,563 50,906 82,900 93,044 (10,144) 54,900 27,450 20,728 6,722 61,500 6,600 FERC 924 & 925 - Insurance Premiums Insurance Premiums Battle Creek Operating Administrative Costs - 28,339 (28,339) - 56,628 (56,628) - - 19,883 (19,883) - - Battle Creek Operating Total - 28,339 (28,339) - 56,628 (56,628) - - 19,883 (19,883) - - FERC 924 & 925 - Insurance Premiums Total - 28,339 (28,339) - 56,628 (56,628) - - 19,883 (19,883) - - FERC 928 - Regulatory Commission Expenses FERC Admin Fees Battle Creek Operating Administrative Costs - 6,503 (6,503) - 1,685 (1,685) - - - - - - Battle Creek Operating Total - 6,503 (6,503) - 1,685 (1,685) - - - - - - FERC Related Prof Services BRADLEY FERC PART 12 INSPECTION Administrative Costs - - - - 566 (566) - - - - - - BRADLEY FERC PART 12 INSPECTION Total - - - - 566 (566) - - - - - - BRADLEY CONTRACTUAL ENGINEER-FERC LICENSE ISSUES Administrative Costs - - - - 1,075 (1,075) - - - - - - BRADLEY CONTRACTUAL ENGINEER-FERC LICENSE ISSUES Total - - - - 1,075 (1,075) - - - - - - Battle Creek Operating Administrative Costs - 6,567 (6,567) - 3,419 (3,419) - - - - - - Battle Creek Operating Total - 6,567 (6,567) - 3,419 (3,419) - - - - - - FERC 928 - Regulatory Commission Expenses Total - 13,070 (13,070) - 6,745 (6,745) - - - - - - O&M 4% Allocation to Battle Creek 181,245 - 181,245 190,710 - 190,710 236,473 118,237 - 118,237 303,768 67,295 Total Bradley Lake Budget 547,714 475,832 71,882 399,610 419,780 (20,170) 417,373 208,687 108,748 99,938 490,268 72,895 Page 17 of 22 ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT Battle Creek Monthly Participating Purchaser Contributions Schedule G A B C D E F G FY2021 FY2022 FY2023 FY2024 FY2021 FY2022 Current Annual Annual Annual Proposed FY2023 to Percent Percent Percent Amend Amend Amend Annual FY2024 POWER PURCHASER Share Share Share Budget Budget Budget Budget Change Chugach Electric 39.38% 32.72% 30.40%2,367,938 1,166,459 1,085,180 1,127,194 42,014 Homer Electric 41.44% 34.44% 37.90%2,491,807 1,227,478 1,352,906 1,405,285 52,379 Matanuska Electric 17.88% 14.86% 13.80%1,075,133 529,616 492,615 511,687 19,072 Golden Valley Electric 0.00% 16.90% 16.90%- 602,393 603,275 626,631 23,356 City of Seward 1.30% 1.08% 1.00%78,170 38,507 35,697 37,079 1,382 100.00%100.00%100.00%6,013,048 3,564,453 3,569,672 3,707,875 138,203 Previous Previous Current FY2021 FY2022 FY2023 FY2024 FY2023 to Percent Percent Percent Amend Amend Amend Proposed FY2024 POWER PURCHASER Share Share Share Monthly Monthly Monthly Monthly Change Chugach Electric 39.38% 32.72% 30.40%197,328 97,205 90,432 93,933 3,501 Homer Electric 41.44% 34.44% 37.90%207,651 102,290 112,742 117,107 4,365 Matanuska Electric 17.88% 14.86% 13.80%89,594 44,135 41,051 42,641 1,589 Golden Valley Electric 0.00% 16.90% 16.90%- 50,199 50,273 52,219 1,946 City of Seward 1.30% 1.08% 1.00%6,514 3,209 2,975 3,090 115 100.0%100.00%100.00%501,087 297,038 297,473 308,990 11,517 Page 18 of 22 ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT SSQ Line Capital Purchases (not funded by R&C Fund) Schedule H FY21 FY22 FY23 FY21 FY22 FY23 FY24 Actuals Amend Amend Amend Proposed Actuals Actuals @12/31/22 Budget Budget Budget Budget SSQ Line Access Documentation 3,127 144,482 23,555 150,000 - - - SSQ Line Acquisition Costs 46,029 2,026 - 40,000 - - - SSQ Soldotna-Quartz Creek 230kV Construction - 91,051 94,285 - 750,000 - - SSQ Line Due Diligence Inspect/Repair O/S Fire ZNE - 2,350 - - - - - SSQ Line - 69kV Remediation - 10,581 1,657 - - - - Total Non R&C Capital Purchases 49,156 250,489 119,497 190,000 750,000 - - Capital Project Description Page 19 of 22 ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT SSQ Line Operations and Maintenance Budget Schedule I FY 23 FY24 Budget Actual (Over) Under Budget to Date Budget Actual (Over) Under Budget to Date Budget Budget to Date 12/31/22 Actual to Date 12/31/22 (Over) Under Budget to Date Proposed Budget Increase (Decrease) From PY Summary by expense type Labor & Benefits 32,500 - 32,500 85,820 5,158 80,662 56,999 28,500 - 28,500 50,000 (6,999) Travel - - - - 404 (404) - - - - - - Contractual 110,000 - 110,000 250,000 182,178 67,822 200,000 100,000 - 100,000 175,000 (25,000) Permitting - - - - 2,848 (2,848) - - - - 40,000 40,000 Supplies & Materials 7,500 - 7,500 56,992 1,561 55,431 25,000 12,500 - 12,500 25,000 - Other Costs - - - 7,711 1,250 6,461 - - - - - - Administrative Costs 20,000 19,053 947 44,000 74,602 (30,602) 55,000 27,500 16,727 10,773 17,000 (38,000) Total Bradley Lake Budget 170,000 19,053 150,947 444,523 268,001 176,522 336,999 168,500 16,727 151,772 307,000 (29,999) FERC 540 - Rents FERC Land Use Fee SSQ Line Operating Other Costs - - - - 1,250 (1,250) - - - - - - SSQ Line Operating Total - - - - 1,250 (1,250) - - - - - - FERC 540 - Rents Total - - - - 1,250 (1,250) - - - - - - FERC 556 - System Control & Load Dispatching Permits SSQ Line Operating Permitting - - - - 2,848 (2,848) - - - - 40,000 40,000 SSQ Line Operating Total - - - - 2,848 (2,848) - - - - 40,000 40,000 FERC 556 - System Control & Load Dispatching Total - - - - 2,848 (2,848) - - - - 40,000 40,000 FERC 571 - Maintenance of Overhead Lines Maint of OH Lines SSQ Line Operating Labor & Benefits 32,500 - 32,500 85,820 5,158 80,662 56,999 28,500 - 28,500 50,000 (6,999) Travel - - - - 404 (404) - - - - - - Contractual - - - 100,000 30,422 69,578 50,000 25,000 - 25,000 25,000 (25,000) Contractual 110,000 - 110,000 150,000 151,756 (1,756) 150,000 75,000 - 75,000 150,000 Supplies & Materials 7,500 - 7,500 56,992 1,561 55,431 25,000 12,500 - 12,500 25,000 - Other Costs - - - 7,711 - 7,711 - - - - - - SSQ Line Operating Total 150,000 - 150,000 400,523 189,301 211,222 281,999 141,000 - 141,000 250,000 (31,999) FERC 571 - Maintenance of Overhead Lines Total 150,000 - 150,000 400,523 189,301 211,222 281,999 141,000 - 141,000 250,000 (31,999) FERC 920 & 930 - Administrative Expense AEA Bradley Fixed Admin Fees SSQ Capital Acquisition SSQ Capital Acquisition Total - - - - - - - - - - - - SSQ Line Operating Administrative Costs - 8,607 (8,607) 42,000 8,473 33,527 - - 126 (126) - - Administrative Costs 20,000 1,587 18,413 - 39,776 (39,776) 53,000 26,500 - 26,500 15,000 (38,000) SSQ Line Operating Total 20,000 10,194 9,806 42,000 48,250 (6,250) 53,000 26,500 126 26,374 15,000 (38,000) SSQ Line - 69kV Remediation Administrative Costs - - - - - - - - 14,749 (14,749) - - SSQ Line - 69kV Remediation Total - - - - - - - - 14,749 (14,749) - - SSQ Line Soldotna-Qtz Ck 230kV Construction Administrative Costs - - - - - - - - 1,852 (1,852) - - SSQ Line Soldotna-Qtz Ck 230kV Construction Total - - - - - - - - 1,852 (1,852) - - Shared - 100% AEA Bradley Lake Administrative Costs - 5,487 (5,487) - - - - - - - - - Shared - 100% AEA Bradley Lake Total - 5,487 (5,487) - - - - - - - - - Shared - 100% AEA SQ Line Administrative Costs - - - - 2,310 (2,310) - - - - - - Shared - 100% AEA SQ Line Total - - - - 2,310 (2,310) - - - - - - Shared - 100% AEA Audit Shared - 100% AEA Audit Total - - - - - - - - - - - - Operating Committee Exp-Legal SSQ Line Operating FY 21 FY 22 Page 20 of 22 ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT SSQ Line Operations and Maintenance Budget Schedule I FY 23 FY24 Budget Actual (Over) Under Budget to Date Budget Actual (Over) Under Budget to Date Budget Budget to Date 12/31/22 Actual to Date 12/31/22 (Over) Under Budget to Date Proposed Budget Increase (Decrease) From PY FY 21 FY 22 Administrative Costs - 3,316 (3,316) - 22,042 (22,042) - - - - - - SSQ Line Operating Total - 3,316 (3,316) - 22,042 (22,042) - - - - - - Trust & Account Fees SSQ Line Operating Administrative Costs - - - 2,000 2,000 - 2,000 1,000 - 1,000 2,000 - SSQ Line Operating Total - - - 2,000 2,000 - 2,000 1,000 - 1,000 2,000 - FERC 920 & 930 - Administrative Expense Total 20,000 18,997 1,003 44,000 74,602 (30,602) 55,000 27,500 16,727 10,773 17,000 (38,000) FERC 924 & 925 - Insurance Premiums Insurance Premiums SSQ Line Operating Administrative Costs - 56 (56) - - - - - - - - - SSQ Line Operating Total - 56 (56) - - - - - - - - - FERC 924 & 925 - Insurance Premiums Total - 56 (56) - - - - - - - - - FERC 928 - Regulatory Commission Expenses FERC Admin Fees SSQ Line Operating SSQ Line Operating Total - - - - - - - - - - - - FERC 928 - Regulatory Commission Expenses Total - - - - - - - - - - - - O&M 4% Allocation to Battle Creek - - - - - - - - - - - - Total Bradley Lake Budget 170,000 19,053 150,947 444,523 268,001 176,522 336,999 168,500 16,727 151,772 307,000 (29,999) Page 21 of 22 ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT SSQ Line Monthly Utility Contributions Schedule J A B C D E F FY2021 FY2022 FY2023 FY2024 Annual Annual Annual Proposed FY2023 to Percent Amend Amend Amend Annual FY2024 Power Purchaser Share Budget Budget Budget Budget Change Chugach Electric 56.30%202,680 1,267,037 427,252 418,621 (8,630) Homer Electric 12.00%43,200 270,061 91,066 89,227 (1,839) Matanuska Electric 13.80%49,680 310,571 104,726 102,611 (2,115) Golden Valley Electric 16.90%60,840 380,336 128,251 125,661 (2,591) City of Seward 1.00%3,600 22,505 7,589 7,436 (153) - 100.00%360,000 2,250,511 758,884 743,555 (15,329) FY2021 FY2022 FY2023 FY2024 FY2023 to Power Purchaser Percent Amend Amend Amend Proposed FY2024 Share Monthly Monthly Monthly Monthly Change Chugach Electric 56.30%16,890 105,586 35,604 34,885 (719) Homer Electric 12.00%3,600 22,505 7,589 7,436 (153) Matanuska Electric 13.80%4,140 25,881 8,727 8,551 (176) Golden Valley Electric 16.90%5,070 31,695 10,688 10,472 (216) City of Seward 1.00%300 1,875 632 620 (13) - 100.0%30,000 187,543 63,240 61,963 (1,277) Page 22 of 22 Sterling to Quartz Creek Transmission Line Rebuild: BPMC update March 2023 SSQ Rebuild Agenda Public 2 •Introduction: Informational Update •Project Phasing •Progress Update –Land Rights •Progress Update –Design & Procurement •Schedule •Project Risks •Next Steps SSQ Rebuild •The Sterling to Quartz Creek line is the approximately 40 mile transmission line between the Sterling Substation and Quartz Creek substation. •Owned by Alaska Energy Authority (AEA) •Identified for Replacement by the Bradley Lake Project Management Committee (BPMC) •Chugach Electric was selected by the BPMC as the utility to manage design and procurement for the project per BPMC resolution. •Design criteria established in recent replacement for segments of the Quartz Creek to University Substation transmission line •Wood and steel structures designed to accommodate 230 kV insulation, clearances, and specifications •Utilizes the same alignment in its entirety within the existing 100‐foot ROW •Procurement and construction delineated into phases based on land use requirements 3 Introduction SSQ Rebuild 4 Project Phasing SSQ Rebuild Phase 1 8 Miles Sterling Substation to KNWR boundary. Phase 2 17 Miles Kenai National Wildlife Refuge Phase 3 14 Miles Russian River to Quartz Creek Substation Work completed •Identified landowners along entire route •Established database of cultural and historical resources •Field Assessment to be conducted •Identifying wildlife resources and habitat •Delineating wetlands •Establishing permitted access points •Held preliminary meetings with KNWR, USFS, Kenai Peninsula Borough •Three follow up meetings have been conducted with KNWR 5 Progress Update –Land Rights SSQ Rebuild Permitting discussions with KNWR Concerns from KNWR •Access –Wilderness area north of the Sterling Highway between Jean Lake and Russian River •Access points need to be mapped. •Wood pole treat contaminating the surface water, KNWR prefers steel poles •Coordination with other agencies at change of ownership (Russian River) KNWR would like a detailed ROW management plan. •Vegetation, Maintenance, Operating plans. •Eliminates the need for a special use permit for routine maintenance and replacement. •Access points and routes will be documented. 6 Progress Update –Land Rights Cont’ SSQ Rebuild Work completed •Aerial and ground reconnaissance •Established Basis of Design •Framing types, foundation design, structure material, ruling span, clearances, etc. •Evaluated communication cable OPGW vs. ADSS (OPGW selected) •Phase 1; 65% design complete •Pole locations to be reviewed the week of April 10 •Geotech work will be completed in Early April to finalize foundation design 7 Progress Update –Design & Procurement SSQ Rebuild 8 Schedule SSQ Rebuild PH 1 Design PH 1 Procurement PH 1 Construction PH 2 Design PH 2 Procurement PH 2 Construction PH 3 Design PH 3 Procurement PH 3 Construction Project Initiation Phase 1 Completion Phase 2 Completion Phase 3 Completion 10/31/2021 3/15/2023 7/27/2024 12/9/2025 4/23/2027 9/4/2028 1/17/2030 SSQ Project Timeline 9 Costs and TIC Estimate SSQ Rebuild Category Actuals Committed ETC ECAC Labor $9,626 $2,103,306 $2,112,932 Professional/Contract Services $247,635 $1,475,000 $5,641,547 $5,889,182 Materials $4,310 $11,473,105 $11,477,415 Field Contractual Services $10,469 $42,010,002 $42,020,471 Totals $272,040 $1,475,000 $61,227,960 $61,500,000 ETC: Estimate To Completion ECAC: Estimated Cost at Completion •Projecting the estimated Total Installed Cost •Construction schedule competes with other Railbelt projects •Adding to Railbelt Maintenance Schedule •Construction window limited due to high demand for hydroelectric energy •Mitigation: Assess methods to extend outage window. •Kenai Wildlife Refuge permitting requirements •Underground (option) •Steel poles •Access restrictions •Restrictions due to wildlife and habitat •OPGW vs. ADSS communication fiber •Assessed: cost of taller structures for ADSS is greater than cost of OPGW 10 Project Risks SSQ Rebuild 11 Next Steps SSQ Rebuild •Continue Permitting for Phase 1 construction •US Army Corps of Engineers (several agencies under this umbrella) •Start procurement of Phase 1 materials (October of 2023) •Establish Basis of Design for Phase 2 and 3 pending permitting guidelines •Continue to meet with agencies and stakeholders to progress (Phase 2 and 3) permitting 12 Questions SSQ Rebuild Bradley Lake Operator Report Page 1 Bradley Lake Operator Report BPMC February 2023 Unit Statistics: Generation Unit 1 (MWhrs) Unit 2 (MWhrs) Total (MWhrs) Dec 2022 Jan. 2022 Feb. 2023* 23,914 25,007 17,895 21,065 20,910 17,621 44,979 45,917 35,516 Hydraulics Avg. Lake Level (ft.) Usage (ac ft.) Fish water (cfs) Dec. 2022 Jan. 2022 Feb. 2023* 1,159 1,145 1,132 2,741 2,763 1,884 44 48 48 Battle Creek Inflows to Bradley (ac ft.) Dec. 2022 Jan. 2022 Feb. 2023* 0 0 0 *Lake Level – 1,125.8’ As of Feb. 21, 2023 Activities • Dam – Completed the monthly safety inspections. No issue to report. • Dam Access Road – No change from last report. • Battle Creek Diversion – No change from last report. • Bradley Lake new building and renovations. D. Hittle identified this issue in their last completed study. Based on the study, $980,0000 was budgeted for an additional residence. An architect was engaged to design the residence, utilizing as much of the existing infrastructure as possible. The project was bid out to prequalified contractors with no responsive interest in this project. A second bid was offered to the general market with one bid returning, but it came in around $3.5 million, significantly higher than expectations. Due to the cost of this project, we have developed some options. o The current Duplex residence could be modified into a Triplex, separating upper and lower floors of one of the units (similar to what was previously Bradley Lake Operator Report Page 2 done on the current Quadplex). • Needle Valve Rebuild- The DHittle report has an estimated replacement cost of five million dollars per unit. Voith has offered a bid of 1.6 million to supply twelve new needle assemblies (six per unit). This does not include any funds for critical spares. • Fire system- RESPEC continues to submit documents for review on the project wide fire alarm system refresh. • Safety- There have been no lost time or reportable accidents for the months of January and to date February 2023. o Next safety meeting is 6 March 2023 • Barge trip – None scheduled. • Annual Maintenance Outage – no change from last report • Forced outage – On January 18, 2023 @ 0343hrs. MU#2 experienced an 86M trip. Governor oil pump “B” tripped on thermal overloads, Pump “A” failed to start. The thermal overloads were replaced on Pump “B” and returned to service. Power was cycled on pump “A”, then placed in hand. The pump operated normally. We will do an in depth inspection/testing of the breaker and replace the starter contacts during the spring outage. Returned the unit to service at 0510hrs. • Contractors/ Visitors on site- None to report. Alaska Energy Authority Bradley Lake Budget to Actual Expense Report 07/01/2022 to 02/28/2023 Page 1 of 12 FY21 FY21 FY22 FY22 FY23 FY23 BUDGET ACTUALS BUDGET ACTUALS BUDGET ACTUALS Replace/Automate Fish Water Valve Actuators 40,000 - - - - - Upgrade Crews Quarters and Residents Kitchen 10,000 10,375 139,000 7,318 159,000 55,227 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 86,805 65,000 - Replace Dump Truck and Sander 170,000 166,608 20,000 - - 33,717 KVM switch for Emerson 3,000 - - - - - Spare Trash Pump 20,000 - - - - - Housing Preliminary Design - - - - - - Emerson Cybersecurity Update 137,000 138,555 - - - - Heavy Duty trailer for equipment - - 20,000 - 20,000 20,000 ABB Replace GIS Actuators - - 240,000 - 309,000 238,263 Replacement pickup truck - - 45,000 - - 46,299 Needle Valve rebuild - - 150,000 29,727 150,000 - Start new servo design - - 100,000 - 250,000 - Soldotna SVC Battery Replacement - - 70,000 76 - - North Fork Improvements - - - - 5,000 - Mini Excavator - - - - 100,000 94,465 Install New Bradley Microwave System - - - - 500,000 2,686 Total Non R&C Capital Purchases 462,000 491,344 909,000 236,264 1,558,000 490,656 BRADLEY LAKE CAPITAL PURCHASES NOT FUNDED BY R&C FUND ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT Schedule A Expenses for the period 07/01/22 to 02/28/23 Page 2 of 12 ALASKA ENERGY AUTHORITY BRADLEY LAKE OPERATIONS & MAINTENANCE SCHEDULE B BUDGET TO ACTUAL EXPENSES FOR THE PERIOD 07/01/2022 THROUGH 02/28/2023 FY 23 FY 22 FY23 Approved Budget BUDGET % 07/01/2022 - 02/28/2023 HEA Actual CEA Actual AEA Actual Total Actual (Over) Under Budget to Date FY22 Approved Budget FY22 Actual Summary by expense type AIDEA Staff Professional Services (Direct) 277,000 184,667 - - 106,142 106,142 78,524 274,000 212,299 AIDEA Support Staff (Indirect) - - - - - - - - - Labor & Benefits 1,997,876 1,331,917 589,406 20,110 357,701 967,218 364,699 1,307,994 1,150,586 Travel 84,950 56,633 1,270 - 4,556 5,826 50,807 38,450 10,436 Training 49,300 32,867 1,314 - - 1,314 31,553 49,300 19,660 Contractual 1,215,727 810,485 302,808 - 218,210 521,018 289,467 1,156,343 1,069,547 Consulting-Administrative 249,375 166,250 - - 83,839 83,839 82,411 - 1,636 Supplies & Materials 329,232 219,488 51,485 - 6,940 58,425 161,063 429,345 213,468 Other Costs 79,318 52,879 19,990 16,666 - 36,656 16,223 97,318 63,178 Equipment, Furniture & Machinery 24,000 16,000 2,870 - - 2,870 13,130 73,000 5,084 Administrative Costs 1,492,905 995,270 18,101 - 836,126 854,226 141,044 1,884,844 1,968,101 Indirect Costs 1,486,285 990,857 744,979 - - 744,979 245,878 1,486,285 1,183,807 O&M 4% Allocation to Battle Creek (236,473) (157,649) - - - - (157,649) (190,710) - Total Bradley Lake Budget 7,049,495 4,699,663 1,732,222 36,777 1,613,515 3,382,514 1,317,149 6,606,169 5,897,803 FERC 535 - Operation Supervision & Engineering Operations Sup/Eng Bradley Lake Operating Labor & Benefits 108,311 72,207 67,734 - - 67,734 4,473 107,604 92,562 Travel 10,450 6,967 590 - - 590 6,377 10,450 1,715 Training 9,300 6,200 - - - - 6,200 9,300 4,087 Contractual 1,000 667 - - - - 667 11,000 - Supplies & Materials 4,000 2,667 314 - - 314 2,353 4,000 942 Indirect Costs 155,698 103,799 88,161 - - 88,161 15,638 155,698 127,416 Bradley Lake Operating Total 288,759 192,506 156,799 - - 156,799 35,707 298,052 226,723 FERC 535 - Operation Supervision & Engineering Total 288,759 192,506 156,799 - - 156,799 35,707 298,052 226,723 FERC 537 - Hydraulic Expenses Hydraulic Expenses Bradley Lake Operating Labor & Benefits 90,192 60,128 39,984 - - 39,984 20,144 84,192 69,712 Travel - - - - - - - 8,000 73 Contractual 123,000 82,000 87 - - 87 81,913 73,000 5,803 Supplies & Materials 32,000 21,333 1,588 - - 1,588 19,745 16,000 471 Equipment, Furniture & Machinery - - - - - - - 39,000 - Indirect Costs 114,320 76,213 56,612 - - 56,612 19,601 114,320 93,656 Bradley Lake Operating Total 359,512 239,675 98,270 - - 98,270 141,404 334,512 169,715 FERC 537 - Hydraulic Expenses Total 359,512 239,675 98,270 - - 98,270 141,404 334,512 169,715 FERC 538 - Electric Expenses Electric Expenses Bradley Lake Operating Labor & Benefits 218,044 145,363 114,920 - - 114,920 30,443 218,044 218,221 Travel 7,000 4,667 680 - - 680 3,987 7,000 4,381 Training 25,000 16,667 305 - - 305 16,361 25,000 10,743 Contractual 2,000 1,333 - - - - 1,333 5,000 - Supplies & Materials 9,732 6,488 253 - - 253 6,235 42,732 255 Equipment, Furniture & Machinery - - - - - - - 11,000 - Administrative Costs - - - - - - - - 37,738 Indirect Costs 262,004 174,669 136,022 - - 136,022 38,647 262,004 216,110 Bradley Lake Operating Total 523,780 349,187 252,180 - - 252,180 97,007 570,780 487,448 BRADLEY CIRCUITS/RADIO TO BERNICE LK BRADLEY CIRCUITS/RADIO TO BERNICE LK Total - - - - - - - - - FERC 538 - Electric Expenses Total 523,780 349,187 252,180 - - 252,180 97,007 570,780 487,448 FERC 539 - Misc. Hydraulic Power Generation Expenses Misc Hydro Power Exp Bradley Lake Operating Labor & Benefits 105,742 70,495 49,991 - - 49,991 20,504 104,788 68,784 Training 15,000 10,000 1,009 - - 1,009 8,991 15,000 4,831 Contractual 315,867 210,578 141,974 - - 141,974 68,604 287,525 228,838 Supplies & Materials 17,900 11,933 8,310 - - 8,310 3,623 17,900 29,833 Other Costs - - - - - - - - (714) Indirect Costs 114,320 76,213 66,412 - - 66,412 9,801 114,320 95,365 Bradley Lake Operating Total 568,829 379,219 267,696 - - 267,696 111,523 539,533 426,937 BRADLEY CIRCUITS/RADIO TO BERNICE LK Other Costs 35,695 23,797 19,990 - - 19,990 3,807 35,695 34,920 BRADLEY CIRCUITS/RADIO TO BERNICE LK Total 35,695 23,797 19,990 - - 19,990 3,807 35,695 34,920 BRADLEY CIRCUITS BERNICE LK TO ANCH Other Costs 29,773 19,849 - 16,666 - 16,666 3,182 29,773 28,734 BRADLEY CIRCUITS BERNICE LK TO ANCH Total 29,773 19,849 - 16,666 - 16,666 3,182 29,773 28,734 FERC 539 - Misc. Hydraulic Power Generation Expenses Total 634,297 422,865 287,686 16,666 - 304,352 118,513 605,001 490,592 FERC 541 - Maintenance Supervision & Engineering Maint Supervision/Eng Bradley Lake Operating Labor & Benefits 116,171 77,447 64,604 - - 64,604 12,843 114,758 100,394 Indirect Costs 155,698 103,799 88,161 - - 88,161 15,638 155,698 128,372 Bradley Lake Operating Total 271,869 181,246 152,765 - - 152,765 28,481 270,456 228,766 FERC 541 - Maintenance Supervision & Engineering Total 271,869 181,246 152,765 - - 152,765 28,481 270,456 228,766 FERC 542 - Maintenance of Structures Maintenance of Structures Bradley Lake Operating Labor & Benefits 86,639 57,759 36,376 - - 36,376 21,383 77,639 62,589 Contractual 56,000 37,333 38,714 - - 38,714 (1,381) 89,000 62,009 Supplies & Materials 94,000 62,667 3,938 - - 3,938 58,729 243,713 34,868 Equipment, Furniture & Machinery 19,000 12,667 1,658 - - 1,658 11,009 23,000 5,084 Administrative Costs - - - - - - - - 6,741 Page 3 of 12 ALASKA ENERGY AUTHORITY BRADLEY LAKE OPERATIONS & MAINTENANCE SCHEDULE B BUDGET TO ACTUAL EXPENSES FOR THE PERIOD 07/01/2022 THROUGH 02/28/2023 FY 23 FY 22 FY23 Approved Budget BUDGET % 07/01/2022 - 02/28/2023 HEA Actual CEA Actual AEA Actual Total Actual (Over) Under Budget to Date FY22 Approved Budget FY22 Actual Indirect Costs 105,421 70,281 51,576 - - 51,576 18,705 105,421 80,072 Bradley Lake Operating Total 361,060 240,707 132,262 - - 132,262 108,444 538,773 251,363 FERC 542 - Maintenance of Structures Total 361,060 240,707 132,262 - - 132,262 108,444 538,773 251,363 FERC 543 - Maintenance of Reservoirs, Dams & Waterways Maint Res, Dams, WWays Bradley Lake Operating Labor & Benefits 53,744 35,829 625 - - 625 35,204 40,744 431 Travel 1,000 667 - - - - 667 5,000 - Contractual 22,500 15,000 5,114 - - 5,114 9,886 6,500 - Supplies & Materials 20,000 13,333 - - - - 13,333 15,000 - Indirect Costs 56,689 37,793 287 - - 287 37,505 56,689 501 Bradley Lake Operating Total 153,933 102,622 6,026 - - 6,026 96,596 123,933 932 BRADLEY POWER TUNNEL MAINT (Dam) Contractual - - - - - - - 15,000 - BRADLEY POWER TUNNEL MAINT (Dam) Total - - - - - - - 15,000 - FERC 543 - Maintenance of Reservoirs, Dams & Waterways Total 153,933 102,622 6,026 - - 6,026 96,596 138,933 932 FERC 544 - Maintenance of Electric Plant Maintenance of Elec Plant Bradley Lake Operating Labor & Benefits 309,110 206,074 144,747 - - 144,747 61,327 309,110 258,335 Travel 4,500 3,000 - - - - 3,000 4,500 376 Contractual 58,000 38,667 3,122 - - 3,122 35,545 49,000 104,828 Supplies & Materials 43,000 28,667 7,286 - - 7,286 21,381 30,000 20,620 Indirect Costs 423,178 282,118 205,127 - - 205,127 76,991 423,178 354,987 Bradley Lake Operating Total 837,788 558,525 360,282 - - 360,282 198,243 815,788 739,147 FERC 544 - Maintenance of Electric Plant Total 837,788 558,525 360,282 - - 360,282 198,243 815,788 739,147 FERC 545 - Maintenance of Misc. Hydraulic Plant Maint of Misc Hydr Plant Bradley Lake Operating Labor & Benefits 69,297 46,198 37,615 - - 37,615 8,583 69,297 63,333 Contractual 3,900 2,600 7,276 - - 7,276 (4,676) 3,900 - Supplies & Materials 29,000 19,333 23,458 - - 23,458 (4,124) 34,000 70,114 Equipment, Furniture & Machinery 5,000 3,333 1,184 - - 1,184 2,149 - - Indirect Costs 98,957 65,971 52,620 - - 52,620 13,351 98,957 87,328 Bradley Lake Operating Total 206,154 137,436 122,154 - - 122,154 15,282 206,154 220,775 FERC 545 - Maintenance of Misc. Hydraulic Plant Total 206,154 137,436 122,154 - - 122,154 15,282 206,154 220,775 FERC 556 - System Control & Load Dispatching System Cntl & Load Disp Bradley Lake Operating Labor & Benefits 20,174 13,449 14,171 - - 14,171 (721) 19,708 17,143 Contractual 85,500 57,000 47,359 - - 47,359 9,642 53,000 88,680 Supplies & Materials 12,000 8,000 3,828 - - 3,828 4,172 6,000 6,442 Bradley Lake Operating Total 117,674 78,449 65,357 - - 65,357 13,092 78,708 112,264 Snow Measurement Bradley Lake Operating Contractual 10,000 6,667 - - 9,600 9,600 (2,933) 10,000 9,507 Bradley Lake Operating Total 10,000 6,667 - - 9,600 9,600 (2,933) 10,000 9,507 Seismic Service Bradley Lake Operating Contractual 62,000 41,333 - - 27,116 27,116 14,218 62,000 66,095 Bradley Lake Operating Total 62,000 41,333 - - 27,116 27,116 14,218 62,000 66,095 Streamguaging Serv Bradley Lake Operating Contractual 218,000 145,333 - - 96,593 96,593 48,741 218,000 189,594 Bradley Lake Operating Total 218,000 145,333 - - 96,593 96,593 48,741 218,000 189,594 Permits Bradley Lake Operating Other Costs 350 233 - - - - 233 350 238 Bradley Lake Operating Total 350 233 - - - - 233 350 238 FERC 556 - System Control & Load Dispatching Total 408,024 272,016 65,357 - 133,309 198,666 73,350 369,058 377,698 FERC 562 - Station Expenses Station Expenses Bradley Lake Operating Labor & Benefits 98,418 65,612 16,599 20,110 - 36,710 28,902 134,147 186,098 Travel 3,500 2,333 - - - - 2,333 3,500 241 Contractual 87,960 58,640 19,435 - - 19,435 39,205 61,600 209,009 Supplies & Materials 44,600 29,733 2,510 - - 2,510 27,223 15,000 49,923 Other Costs 1,500 1,000 - - - - 1,000 31,500 - Bradley Lake Operating Total 235,978 157,319 38,544 20,110 - 58,655 98,664 245,747 445,271 FERC 562 - Station Expenses Total 235,978 157,319 38,544 20,110 - 58,655 98,664 245,747 445,271 FERC 571 - Maintenance of Overhead Lines Maint of OH Lines Bradley Lake Operating Labor & Benefits 39,954 26,636 2,040 - - 2,040 24,596 27,963 12,984 Contractual 150,000 100,000 39,727 - - 39,727 60,273 100,000 20,523 Supplies & Materials 5,000 3,333 - - - - 3,333 5,000 - Equipment, Furniture & Machinery - - 28 - - 28 (28) - - Bradley Lake Operating Total 194,954 129,969 41,795 - - 41,795 88,174 132,963 33,507 FERC 571 - Maintenance of Overhead Lines Total 194,954 129,969 41,795 - - 41,795 88,174 132,963 33,507 FERC 920 & 930 - Administrative Expense AEA Bradley Fixed Admin Fees Bradley Lake Operating AIDEA Staff Professional Services (Direct) 277,000 184,667 - - 87,180 87,180 97,486 274,000 212,299 Travel - - - - 1,110 1,110 (1,110) - 3,650 Page 4 of 12 ALASKA ENERGY AUTHORITY BRADLEY LAKE OPERATIONS & MAINTENANCE SCHEDULE B BUDGET TO ACTUAL EXPENSES FOR THE PERIOD 07/01/2022 THROUGH 02/28/2023 FY 23 FY 22 FY23 Approved Budget BUDGET % 07/01/2022 - 02/28/2023 HEA Actual CEA Actual AEA Actual Total Actual (Over) Under Budget to Date FY22 Approved Budget FY22 Actual Consulting-Administrative - - - - 933 933 (933) - 1,636 Administrative Costs 2,500 1,667 - - 70,548 70,548 (68,881) 2,500 59,087 Bradley Lake Operating Total 279,500 186,333 - - 159,772 159,772 26,561 276,500 276,672 Bradley Lake Bond Financing AIDEA Staff Professional Services (Direct) - - - - 18,962 18,962 (18,962) - - Bradley Lake Bond Financing Total - - - - 18,962 18,962 (18,962) - - Bradley Battle Creek Diversion Bradley Battle Creek Diversion Total - - - - - - - - - Shared - 100% AEA Bradley Lake Administrative Costs - - - - - - - - 69,726 Shared - 100% AEA Bradley Lake Total - - - - - - - - 69,726 Operating Committee Exp-Audit Bradley Lake Operating Administrative Costs 19,900 13,267 - - 32,520 32,520 (19,253) 19,900 22,494 Bradley Lake Operating Total 19,900 13,267 - - 32,520 32,520 (19,253) 19,900 22,494 Operating Committee Exp-Legal Bradley Lake Operating Administrative Costs 70,000 46,667 - - 84,860 84,860 (38,193) 70,000 231,567 Bradley Lake Operating Total 70,000 46,667 - - 84,860 84,860 (38,193) 70,000 231,567 Operat Committee Exp-Arbitrage Bradley Lake Operating Administrative Costs 5,000 3,333 - - - - 3,333 5,000 33 Bradley Lake Operating Total 5,000 3,333 - - - - 3,333 5,000 33 Trust & Account Fees Bradley Lake Operating Administrative Costs 13,000 8,667 - - - - 8,667 13,000 - Bradley Lake Operating Total 13,000 8,667 - - - - 8,667 13,000 - Misc Admin Bradley Lake Operating Administrative Costs 12,000 8,000 - - 12,976 12,976 (4,976) 12,000 12,976 Bradley Lake Operating Total 12,000 8,000 - - 12,976 12,976 (4,976) 12,000 12,976 Professional Consultants Bradley Lake Operating Labor & Benefits 682,080 454,720 - - 357,701 357,701 97,019 - - Travel 58,500 39,000 - - 3,446 3,446 35,554 - - Contractual 20,000 13,333 - - 84,902 84,902 (71,569) 111,818 84,662 Supplies & Materials 18,000 12,000 - - 6,940 6,940 5,060 - - Other Costs 12,000 8,000 - - - - 8,000 - - Bradley Lake Operating Total 790,580 527,053 - - 452,989 452,989 74,064 111,818 84,662 FERC 920 & 930 - Administrative Expense Total 1,189,980 793,320 - - 762,079 762,079 31,241 508,218 698,129 FERC 924 & 925 - Insurance Premiums Insurance Premiums Bradley Lake Operating Administrative Costs 1,015,505 677,003 18,101 - 634,787 652,887 24,116 1,382,444 1,187,246 Bradley Lake Operating Total 1,015,505 677,003 18,101 - 634,787 652,887 24,116 1,382,444 1,187,246 Risk Management Bradley Lake Operating Administrative Costs - - - - - - - 25,000 - Bradley Lake Operating Total - - - - - - - 25,000 - FERC 924 & 925 - Insurance Premiums Total 1,015,505 677,003 18,101 - 634,787 652,887 24,116 1,407,444 1,187,246 FERC 923 - Outside Services Employed Outside Services Employed Bradley Lake Operating Consulting-Administrative 249,375 166,250 - - 82,906 82,906 83,344 - - Bradley Lake Operating Total 249,375 166,250 - - 82,906 82,906 83,344 - - FERC 923 - Outside Services Employed Total 249,375 166,250 - - 82,906 82,906 83,344 - - FERC 928 - Regulatory Commission Expenses FERC Admin Fees Bradley Lake Operating Administrative Costs 150,000 100,000 - - - - 100,000 150,000 172,565 Bradley Lake Operating Total 150,000 100,000 - - - - 100,000 150,000 172,565 FERC Related Prof Services BRADLEY FERC PART 12 INSPECTION Administrative Costs 25,000 16,667 - - 435 435 16,231 25,000 57,905 BRADLEY FERC PART 12 INSPECTION Total 25,000 16,667 - - 435 435 16,231 25,000 57,905 BRADLEY CONTRACTUAL ENGINEER-FERC LICENSE ISSUES Administrative Costs 180,000 120,000 - - - - 120,000 180,000 110,022 BRADLEY CONTRACTUAL ENGINEER-FERC LICENSE ISSUES Total 180,000 120,000 - - - - 120,000 180,000 110,022 FERC 928 - Regulatory Commission Expenses Total 355,000 236,667 - - 435 435 236,231 355,000 340,493 O&M 4% Allocation to Battle Creek (236,473) (157,649) - - - - (157,649) (190,710) - Total Bradley Lake Budget 7,049,495 4,699,663 1,732,222 36,777 1,613,515 3,382,514 1,317,149 6,606,169 5,897,803 Page 5 of 12 Actual Projected Actual Projected Actual Projected @ 6/30/21 TO REPAY Budget @ 6/30/22 TO REPAY Budget @ 6/30/23 TO REPAY Budget Description Expense @6/30/21 FY21 Expense @6/30/22 FY22 Expense @6/30/23 FY23 R&C FUND PROJECTS Governor 0.00 4,052,070.14 0.00 4,052,070.14 0.00 0.00 4,052,070.14 0.00 Replace RFLS 0.00 251,092.69 0.00 251,092.69 0.00 0.00 251,092.69 0.00 Replace Runners 0.00 1,946,732.79 0.00 1,946,732.79 0.00 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 0.00 2,321,922.94 0.00 Replace power system stabilizer 0.00 619,205.10 0.00 619,205.10 0.00 0.00 619,205.10 0.00 Replace two RTUs 0.00 86,905.27 0.00 86,905.27 0.00 0.00 86,905.27 0.00 Culvert Repairs 0.00 675,966.79 0.00 675,966.79 0.00 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 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 0.00 1,344,683.05 0.00 Vibration Monitoring System 0.00 490.00 0.00 490.00 0.00 0.00 490.00 0.00 Fire Alarm System Replacement 64,452.15 105,631.24 150,000.00 28,593.37 134,224.61 150,000.00 3,172.50 137,397.11 1,500,000.00 Battle Creek Diversion 0.00 1,170,000.00 0.00 1,170,000.00 0.00 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 0.00 1,277,197.06 0.00 Fishwater Screen Debris Removal 0.00 312,236.43 0.00 312,236.43 0.00 0.00 312,236.43 0.00 Turbine Nozzel Repair 0.00 1,428,861.07 0.00 1,428,861.07 0.00 0.00 1,428,861.07 0.00 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 0.00 8,517,991.11 0.00 Equipment Storage Shed 0.00 510,550.13 0.00 510,550.13 0.00 0.00 510,550.13 0.00 Emerson Operating System Upgrade 0.00 622,665.00 0.00 622,665.00 0.00 0.00 622,665.00 0.00 Generator #2 Replacement 0.00 953,212.71 0.00 953,212.71 0.00 0.00 953,212.71 0.00 Road Grader 0.00 0.00 370,000.00 342,330.00 342,330.00 0.00 0.00 342,330.00 0.00 Battle Creek Construction 3,739,590.93 3,739,590.93 3,666,000.00 0.00 3,739,590.93 0.00 0.00 3,739,590.93 0.00 Battle Creek Cash Call-Expended 750,000.00 750,000.00 750,000.00 0.00 750,000.00 0.00 0.00 750,000.00 0.00 Battle Creek Cash Call-Paid by Utilities (750,000.00) (750,000.00) (750,000.00) 0.00 (750,000.00) 0.00 0.00 (750,000.00) 0.00 Needle Repairs 1,482,791.23 1,482,791.23 1,500,000.00 0.00 1,482,791.23 0.00 0.00 1,482,791.23 0.00 Construct Additional Residence 0.00 0.00 69,593.86 69,593.86 980,000.00 44,248.13 113,841.99 0.00 Spillway Raise & Expansion Project 0.00 0.00 547,699.29 547,699.29 800,000.00 459,438.60 1,007,137.89 1,500,000.00 5,286,834.31 32,307,392.30 5,686,000.00 988,216.52 33,295,608.82 1,930,000.00 506,859.23 33,802,468.05 3,000,000.00 Current Year R&C Repayment (2,209,060.11) (2,435,902.00) (2,757,013.00) Adjust balance to $5 million 0.00 0.00 0.00 Interest in Fund Applied to Repayment (269,487.40) (42,921.43) (6,421.82) Net Transfer from Revenue Fund (2,478,547.51) (2,478,823.43) (2,763,434.82) Cumulative Prior Years R&C Repayments (25,518,390.50) (27,707,352.30) (29,808,016.74) Due to (from) Utilities 289,585.71 378,158.99 964,944.77 Adjust Due to R&C Actual 0.00 0.00 0.00 (25,228,804.79) (27,329,193.31) (28,843,071.97) NET DUE TO R&C FUND 4,600,040.00 3,487,592.08 2,195,961.26 R&C FUND CASH FLOW PROJECTION Beginning Investment Balance 3,922,231.19 1,069,522.90 2,363,807.74 Disbursements-current year -Accrual (4,906,857.12) (514,975.69) 0.00 Disbursements-prior year accrued (406,104.23) (379,977.19) (473,240.83) Utilities' R&C Refund (18,294.45) (289,585.71) (378,158.99) Net other cash inflow(outflow) 0.00 0.00 0.00 Current year interest earnings 269,487.40 42,921.43 6,421.82 Participants Contributions to R&C Fund 2,209,060.11 2,435,902.00 2,757,013.00 Ending Investment Balance 1,069,522.90 2,363,807.74 4,275,842.74 Accrued Due to (from) Utilities (289,585.71) (378,158.99) (964,944.77) R&C payable back to the revenue fund 0.00 0.00 0.00 Accrued R&C vendor Payable at Year End (379,977.19) (473,240.83) (506,859.23) PROJECTED NET DUE + ENDING INVESTMENT BALANCE 5,000,000.00 5,000,000.00 5,000,000.00 REPAYMENT AMOUNT $1,649,677 X 25% $4,139,810 X 25% $238,606.15 X 25% $954,181.79 x 25% $756,665.11 x 25% all 4 years $1,455,830.05 x 25% all 4 years $1,401,948.53 x 25% all 4 years $1,834,499.92 x 25% yr 1 | 25% yr 2 | 50% yr 3 $3,330,802.80 x 25% yr 1 | 32% yr 2 | 25% yr 3 |18% yr4 $5,644,193.08 x 25% all 4 years $1,341,405.96 x 25% all 4 years (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 4th 103,012.53 $5,286,834.31 x 25% all 4 years (FY21) 1st 1,321,708.58 2nd 1,321,708.58 3rd 1,321,708.58 FY22 ACTUALS 1st 247,054.13 2nd 247,054.13 1st 126,714.81 2,188,961.80 2,100,664.44 1,798,490.05 BRADLEY LAKE R&C FUND DISBURSEMENTS AND REPAYMENTS SCHEDULE D Expenses for the period 07/01/22 to 02/28/23 Page 6 of 12 FY21 FY21 FY22 FY22 FY23 FY23 Budget Actual Budget Actual Budget Actual Battle Creek Diversion 320,000 7,913 - - - - Battle Creek Associated Costs - - 15,000 22,196 15,000 7,482 Vent Enlargment - - 50,000 13,077 50,000 32,407 Pressure Sensor w SCADA - - 25,000 2,807 25,000 540 Power feed to LBC Bridge - - 25,000 19,548 - - Total Non R&C Capital Purchases 320,000 7,913 115,000 57,628 90,000 40,430 BATTLE CREEK CAPITAL PURCHASES NOT FUNDED BY R&C FUND ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT Battle Creek Capital Purchases Schedule E Expenses for the period 07/01/22 to 02/28/23 Page 7 of 12 BATTLE CREEK OPERATIONS & MAINTENANCE SCHEDULE F BUDGET TO ACTUAL EXPENSES FOR THE PERIOD 07/01/2022 THROUGH 02/28/2023 FY 23 FY 22 FY23 Approved Budget BUDGET % 07/01/2022 - 02/28/2023 HEA Actual CEA Actual AEA Actual Total Actual (Over) Under Budget to Date FY22 Approved Budget FY22 Actual Summary by expense type Direct Purchases/Travel - - - - - - - - - AIDEA Staff Professional Services (Direct) - - - - 6,437 6,437 (6,437) 71,000 26,505 AIDEA Support Staff (Indirect) - - - - - - - - - Labor & Benefits - - 24,559 838 14,904 40,301 (40,301) - 48,457 Travel - - 53 - 190 243 (243) - 358 Training - - 55 - - 55 (55) - 682 Contractual 126,000 84,000 12,617 - 37,592 50,209 33,791 126,000 149,484 Consulting-Administrative - - - - 3,493 3,493 (3,493) - 60 Supplies & Materials - - 2,145 - 289 2,434 (2,434) - 9,628 Other Costs - - 833 694 - 1,527 (1,527) - 2,376 Equipment, Furniture & Machinery - - 120 - - 120 (120) - 239 Administrative Costs 54,900 36,600 754 - 35,086 35,841 759 11,900 131,166 Indirect Costs - - 31,041 - - 31,041 (31,041) - 50,826 O&M 4% Allocation to Battle Creek 236,473 157,649 - - - - 157,649 190,710 - Total Battle Creek Budget 417,373 278,249 72,176 1,532 97,992 171,701 106,548 399,610 419,780 FERC 535 - Operation Supervision & Engineering Operations Sup/Eng Battle Creek Operating Labor & Benefits - - 2,822 - - 2,822 (2,822) - 3,989 Travel - - 25 - - 25 (25) - 77 Training - - - - - - - - 192 Supplies & Materials - - 13 - - 13 (13) - 44 Indirect Costs - - 3,673 - - 3,673 (3,673) - 5,485 Battle Creek Operating Total - - 6,533 - - 6,533 (6,533) - 9,788 FERC 535 - Operation Supervision & Engineering Total - - 6,533 - - 6,533 (6,533) - 9,788 FERC 537 - Hydraulic Expenses Hydraulic Expenses Battle Creek Operating Labor & Benefits - - 1,666 - - 1,666 (1,666) - 3,019 Travel - - - - - - - - 3 Contractual 81,000 54,000 4 - - 4 53,996 81,000 66,287 Supplies & Materials - - 66 - - 66 (66) - 22 Indirect Costs - - 2,359 - - 2,359 (2,359) - 4,014 Battle Creek Operating Total 81,000 54,000 4,095 - - 4,095 49,905 81,000 73,345 FERC 537 - Hydraulic Expenses Total 81,000 54,000 4,095 - - 4,095 49,905 81,000 73,345 FERC 538 - Electric Expenses Electric Expenses BRADLEY CIRCUITS/RADIO TO BERNICE LK BRADLEY CIRCUITS/RADIO TO BERNICE LK Total - - - - - - - - - Battle Creek Operating Labor & Benefits - - 4,788 - - 4,788 (4,788) - 9,566 Travel - - 28 - - 28 (28) - 206 Training - - 13 - - 13 (13) - 461 Supplies & Materials - - 11 - - 11 (11) - 2 Administrative Costs - - - - - - - - 1,776 Indirect Costs - - 5,668 - - 5,668 (5,668) - 9,271 Battle Creek Operating Total - - 10,507 - - 10,507 (10,507) - 21,282 FERC 538 - Electric Expenses Total - - 10,507 - - 10,507 (10,507) - 21,282 FERC 539 - Misc. Hydraulic Power Generation Expenses Misc Hydro Power Exp BRADLEY CIRCUITS/RADIO TO BERNICE LK Other Costs - - - - - - - - 538 BRADLEY CIRCUITS/RADIO TO BERNICE LK Total - - - - - - - - 538 BRADLEY CIRCUITS BERNICE LK TO ANCH Other Costs - - - - - - - - 84 BRADLEY CIRCUITS BERNICE LK TO ANCH Total - - - - - - - - 84 Battle Creek Operating Labor & Benefits - - 2,083 - - 2,083 (2,083) - 2,952 Training - - 42 - - 42 (42) - 28 Contractual - - 5,916 - - 5,916 (5,916) - 9,860 Supplies & Materials - - 346 - - 346 (346) - 1,288 Other Costs - - 833 694 - 1,527 (1,527) - 1,742 Indirect Costs - - 2,767 - - 2,767 (2,767) - 4,044 Battle Creek Operating Total - - 11,987 694 - 12,681 (12,681) - 19,915 FERC 539 - Misc. Hydraulic Power Generation Expenses Total - - 11,987 694 - 12,681 (12,681) - 20,537 FERC 541 - Maintenance Supervision & Engineering Maint Supervision/Eng Battle Creek Operating Labor & Benefits - - 2,692 - - 2,692 (2,692) - 4,358 Indirect Costs - - 3,673 - - 3,673 (3,673) - 5,530 Battle Creek Operating Total - - 6,365 - - 6,365 (6,365) - 9,888 FERC 541 - Maintenance Supervision & Engineering Total - - 6,365 - - 6,365 (6,365) - 9,888 FERC 542 - Maintenance of Structures Maintenance of Structures Battle Creek Operating Labor & Benefits - - 1,516 - - 1,516 (1,516) - 2,721 Contractual - - 1,613 - - 1,613 (1,613) - 2,715 Supplies & Materials - - 164 - - 164 (164) - 1,604 Equipment, Furniture & Machinery - - 69 - - 69 (69) - 239 Administrative Costs - - - - - - - - 317 Indirect Costs - - 2,149 - - 2,149 (2,149) - 3,419 Battle Creek Operating Total - - 5,511 - - 5,511 (5,511) - 11,015 FERC 542 - Maintenance of Structures Total - - 5,511 - - 5,511 (5,511) - 11,015 FERC 543 - Maintenance of Reservoirs, Dams & Waterways Maint Res, Dams, WWays Battle Creek Operating ALASKA ENERGY AUTHORITY Page 8 of 12 BATTLE CREEK OPERATIONS & MAINTENANCE SCHEDULE F BUDGET TO ACTUAL EXPENSES FOR THE PERIOD 07/01/2022 THROUGH 02/28/2023 FY 23 FY 22 FY23 Approved Budget BUDGET % 07/01/2022 - 02/28/2023 HEA Actual CEA Actual AEA Actual Total Actual (Over) Under Budget to Date FY22 Approved Budget FY22 Actual ALASKA ENERGY AUTHORITY Labor & Benefits - - 26 - - 26 (26) - 20 Contractual - - 213 - - 213 (213) - - Indirect Costs - - 12 - - 12 (12) - 24 Battle Creek Operating Total - - 251 - - 251 (251) - 44 FERC 543 - Maintenance of Reservoirs, Dams & Waterways Total - - 251 - - 251 (251) - 44 FERC 544 - Maintenance of Electric Plant Maintenance of Elec Plant Battle Creek Operating Labor & Benefits - - 6,031 - - 6,031 (6,031) - 11,246 Travel - - - - - - - - 18 Contractual - - 130 - - 130 (130) - 4,839 Supplies & Materials - - 304 - - 304 (304) - 906 Indirect Costs - - 8,547 - - 8,547 (8,547) - 15,296 Battle Creek Operating Total - - 15,012 - - 15,012 (15,012) - 32,304 FERC 544 - Maintenance of Electric Plant Total - - 15,012 - - 15,012 (15,012) - 32,304 FERC 545 - Maintenance of Misc. Hydraulic Plant Maint of Misc Hydr Plant Battle Creek Operating Labor & Benefits - - 1,567 - - 1,567 (1,567) - 2,736 Contractual - - 303 - - 303 (303) - - Supplies & Materials - - 977 - - 977 (977) - 3,188 Equipment, Furniture & Machinery - - 49 - - 49 (49) - - Indirect Costs - - 2,193 - - 2,193 (2,193) - 3,744 Battle Creek Operating Total - - 5,090 - - 5,090 (5,090) - 9,668 FERC 545 - Maintenance of Misc. Hydraulic Plant Total - - 5,090 - - 5,090 (5,090) - 9,668 FERC 556 - System Control & Load Dispatching System Cntl & Load Disp Battle Creek Operating Labor & Benefits - - 590 - - 590 (590) - 542 Contractual - - 1,973 - - 1,973 (1,973) - 4,166 Supplies & Materials - - 160 - - 160 (160) - 303 Battle Creek Operating Total - - 2,723 - - 2,723 (2,723) - 5,011 Snow Measurement Battle Creek Operating Contractual - - - - 400 400 (400) - 493 Battle Creek Operating Total - - - - 400 400 (400) - 493 Seismic Service Battle Creek Operating Contractual - - - - 1,130 1,130 (1,130) - 2,147 Battle Creek Operating Total - - - - 1,130 1,130 (1,130) - 2,147 Streamguaging Serv Battle Creek Operating Contractual 45,000 30,000 - - 32,525 32,525 (2,525) 45,000 52,793 Battle Creek Operating Total 45,000 30,000 - - 32,525 32,525 (2,525) 45,000 52,793 Permits Battle Creek Operating Other Costs - - - - - - - - 12 Battle Creek Operating Total - - - - - - - - 12 FERC 556 - System Control & Load Dispatching Total 45,000 30,000 2,723 - 34,055 36,778 (6,778) 45,000 60,457 FERC 562 - Station Expenses Station Expenses Battle Creek Operating Labor & Benefits - - 692 838 - 1,530 (1,530) - 7,242 Travel - - - - - - - - 11 Contractual - - 810 - - 810 (810) - 5,338 Supplies & Materials - - 105 - - 105 (105) - 2,271 Battle Creek Operating Total - - 1,606 838 - 2,444 (2,444) - 14,862 FERC 562 - Station Expenses Total - - 1,606 838 - 2,444 (2,444) - 14,862 FERC 571 - Maintenance of Overhead Lines Maint of OH Lines Battle Creek Operating Labor & Benefits - - 85 - - 85 (85) - 67 Contractual - - 1,655 - - 1,655 (1,655) - 106 Equipment, Furniture & Machinery - - 1 - - 1 (1) - - Battle Creek Operating Total - - 1,741 - - 1,741 (1,741) - 174 FERC 571 - Maintenance of Overhead Lines Total - - 1,741 - - 1,741 (1,741) - 174 FERC 920 & 930 - Administrative Expense AEA Bradley Fixed Admin Fees Bradley Lake Operating Bradley Lake Operating Total - - - - - - - - - Battle Creek Operating AIDEA Staff Professional Services (Direct) - - - - 6,437 6,437 (6,437) 71,000 26,505 Travel - - - - 46 46 (46) - 42 Consulting-Administrative - - - - 39 39 (39) - 60 Administrative Costs 43,000 28,667 - - 3,187 3,187 25,479 - 30,409 Battle Creek Operating Total 43,000 28,667 - - 9,710 9,710 18,957 71,000 57,016 Shared - 100% AEA Bradley Lake Administrative Costs - - - - - - - - 681 Shared - 100% AEA Bradley Lake Total - - - - - - - - 681 Shared - 100% AEA Battle Creek Administrative Costs - - - - - - - - 9,533 Shared - 100% AEA Battle Creek Total - - - - - - - - 9,533 Operating Committee Exp-Audit Battle Creek Operating Administrative Costs - - - - 1,355 1,355 (1,355) - 1,166 Battle Creek Operating Total - - - - 1,355 1,355 (1,355) - 1,166 Operating Committee Exp-Legal Page 9 of 12 BATTLE CREEK OPERATIONS & MAINTENANCE SCHEDULE F BUDGET TO ACTUAL EXPENSES FOR THE PERIOD 07/01/2022 THROUGH 02/28/2023 FY 23 FY 22 FY23 Approved Budget BUDGET % 07/01/2022 - 02/28/2023 HEA Actual CEA Actual AEA Actual Total Actual (Over) Under Budget to Date FY22 Approved Budget FY22 Actual ALASKA ENERGY AUTHORITY Bradley Battle Creek Diversion Administrative Costs - - - - - - - - 133 Bradley Battle Creek Diversion Total - - - - - - - - 133 Battle Creek Operating Administrative Costs 5,000 3,333 - - 3,536 3,536 (203) 5,000 17,373 Battle Creek Operating Total 5,000 3,333 - - 3,536 3,536 (203) 5,000 17,373 Operat Committee Exp-Arbitrage Battle Creek Operating Administrative Costs 2,000 1,333 - - - - 1,333 2,000 1,692 Battle Creek Operating Total 2,000 1,333 - - - - 1,333 2,000 1,692 Trust & Account Fees Bradley Battle Creek Diversion Bradley Battle Creek Diversion Total - - - - - - - - - Battle Creek Operating Administrative Costs 4,800 3,200 - - - - 3,200 4,800 4,058 Battle Creek Operating Total 4,800 3,200 - - - - 3,200 4,800 4,058 Misc Admin Battle Creek Operating Administrative Costs 100 67 - - 541 541 (474) 100 654 Battle Creek Operating Total 100 67 - - 541 541 (474) 100 654 Professional Consultants Bradley Lake Operating Bradley Lake Operating Total - - - - - - - - - Battle Creek Operating Labor & Benefits - - - - 14,904 14,904 (14,904) - - Travel - - - - 144 144 (144) - - Contractual - - - - 3,538 3,538 (3,538) - 739 Supplies & Materials - - - - 289 289 (289) - - Battle Creek Operating Total - - - - 18,875 18,875 (18,875) - 739 FERC 920 & 930 - Administrative Expense Total 54,900 36,600 - - 34,016 34,016 2,584 82,900 93,044 FERC 924 & 925 - Insurance Premiums Insurance Premiums Battle Creek Operating Administrative Costs - - 754 - 26,449 27,204 (27,204) - 56,628 Battle Creek Operating Total - - 754 - 26,449 27,204 (27,204) - 56,628 FERC 924 & 925 - Insurance Premiums Total - - 754 - 26,449 27,204 (27,204) - 56,628 FERC 923 - Outside Services Employed Outside Services Employed Battle Creek Operating Consulting-Administrative - - - - 3,454 3,454 (3,454) - - Battle Creek Operating Total - - - - 3,454 3,454 (3,454) - - FERC 923 - Outside Services Employed Total - - - - 3,454 3,454 (3,454) - - FERC 928 - Regulatory Commission Expenses FERC Admin Fees Battle Creek Operating Administrative Costs - - - - - - - - 1,685 Battle Creek Operating Total - - - - - - - - 1,685 FERC Related Prof Services BRADLEY FERC PART 12 INSPECTION Administrative Costs - - - - - - - - 566 BRADLEY FERC PART 12 INSPECTION Total - - - - - - - - 566 BRADLEY CONTRACTUAL ENGINEER-FERC LICENSE ISSUES Administrative Costs - - - - - - - - 1,075 BRADLEY CONTRACTUAL ENGINEER-FERC LICENSE ISSUES Total - - - - - - - - 1,075 Battle Creek Operating Administrative Costs - - - - 18 18 (18) - 3,419 Battle Creek Operating Total - - - - 18 18 (18) - 3,419 FERC 928 - Regulatory Commission Expenses Total - - - - 18 18 (18) - 6,745 O&M Allocation to Battle Creek 236,473 157,649 - - - - 157,649 190,710 - Total Battle Creek Budget 417,373 278,249 72,176 1,532 97,992 171,701 106,548 399,610 419,780 Page 10 of 12 FY21 FY21 FY22 FY22 FY23 FY23 Amended Amended Amended Budget Actuals Budget Actuals Budget Actuals SSQ Line Access Documentation 150,000 3,127 - 144,482 - 23,555 SSQ Line Acquisition Costs 40,000 46,029 - 2,026 - - SSQ Soldotna-Qtz Ck 230kV Construction - - 750,000 91,051 - 185,900 SSQ Line Due Diligence Inspect/Repair O/S Fire ZNE - - - 2,350 - - SSQ Line - 69kV Remediation - - - 10,581 - 44,377 Total Non R&C Capital Purchases 190,000 49,156 750,000 250,489 - 253,832 SSQ LINE CAPITAL PURCHASES NOT FUNDED BY R&C FUND ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT SSQ Line Capital Purchases Schedule H Expenses for the period 07/01/22 to 02/28/23 Page 11 of 12 ALASKA ENERGY AUTHORITY SSQ LINE OPERATIONS & MAINTENANCE SCHEDULE I BUDGET TO ACTUAL EXPENSES FOR THE PERIOD 07/01/2022 THROUGH 02/28/2023 FY 23 FY 22 FY23 Approved Budget BUDGET % 07/01/2022 - 02/28/2023 HEA Actual CEA Actual AEA Actual Total Actual (Over) Under Budget to Date FY22 Approved Budget FY22 Actual Summary by expense type AIDEA Staff Professional Services (Direct)53,000 35,333 - - 767 767 34,566 42,000 8,473 AIDEA Support Staff (Indirect)- - - - - - - - - Labor & Benefits 56,999 37,999 - - - - 37,999 85,820 5,158 Travel - - - - - - - - 404 Contractual 200,000 133,333 - - - - 133,333 250,000 182,178 Permitting - - - - - - - - 2,848 Supplies & Materials 25,000 16,667 - - - - 16,667 56,992 1,561 Other Costs - - - - 1,275 1,275 (1,275) 7,711 1,250 Administrative Costs 2,000 1,333 - - 2,628 2,628 (1,294) 2,000 66,128 Total SSQ Line Budget 336,999 224,666 - - 4,669 4,669 219,997 444,523 268,001 FERC 540 - Rents FERC Land Use Fee SSQ Line Operating Other Costs - - - - 1,275 1,275 (1,275) - 1,250 SSQ Line Operating Total - - - - 1,275 1,275 (1,275) - 1,250 FERC 540 - Rents Total - - - - 1,275 1,275 (1,275) - 1,250 FERC 556 - System Control & Load Dispatching Permits SSQ Line Operating Permitting - - - - - - - - 2,848 SSQ Line Operating Total - - - - - - - - 2,848 FERC 556 - System Control & Load Dispatching Total - - - - - - - - 2,848 FERC 571 - Maintenance of Overhead Lines Maint of OH Lines SSQ Line Operating Labor & Benefits 56,999 37,999 - - - - 37,999 85,820 5,158 Travel - - - - - - - - 404 Contractual 200,000 133,333 - - - - 133,333 250,000 182,178 Supplies & Materials 25,000 16,667 - - - - 16,667 56,992 1,561 Other Costs - - - - - - - 7,711 - SSQ Line Operating Total 281,999 187,999 - - - - 187,999 400,523 189,301 FERC 571 - Maintenance of Overhead Lines Total 281,999 187,999 - - - - 187,999 400,523 189,301 FERC 920 & 930 - Administrative Expense AEA Bradley Fixed Admin Fees SSQ Capital Acquisition SSQ Capital Acquisition Total - - - - - - - - - SSQ Line Operating AIDEA Staff Professional Services (Direct)53,000 35,333 - - 767 767 34,566 42,000 8,473 Administrative Costs - - - - 628 628 (628) - 39,776 SSQ Line Operating Total 53,000 35,333 - - 1,394 1,394 33,939 42,000 48,250 Shared - 100% AEA SSQ Line Administrative Costs - - - - - - - - 2,310 Shared - 100% AEA SSQ Line Total - - - - - - - - 2,310 Shared - 100% AEA Audit Shared - 100% AEA Audit Total - - - - - - - - - Operating Committee Exp-Legal SSQ Line Operating Administrative Costs - - - - - - - - 22,042 SSQ Line Operating Total - - - - - - - - 22,042 Trust & Account Fees SSQ Line Operating Administrative Costs 2,000 1,333 - - 2,000 2,000 (667) 2,000 2,000 SSQ Line Operating Total 2,000 1,333 - - 2,000 2,000 (667) 2,000 2,000 FERC 920 & 930 - Administrative Expense Total 55,000 36,667 - - 3,394 3,394 33,272 44,000 74,602 FERC 928 - Regulatory Commission Expenses FERC Admin Fees SSQ Line Operating SSQ Line Operating Total - - - - - - - - - FERC 928 - Regulatory Commission Expenses Total - - - - - - - - - Total SSQ Line Budget 336,999 224,666 - - 4,669 4,669 219,997 444,523 268,001 Page 12 of 12 12 of 12 3/17/2023 Page 1 of 2 Bradley Operation and Dispatch Committee Report March 2023 Meeting Dates: February 17, 2023 March 20, 2023 Notable Discussions and Items: Budget: There was discussion regarding the need for residence construction and remodeling, needle valve replacement, as well as routine operation and maintenance needs as the proposed FY2024 was presented. Two members of the finance subcommittee participated in the February 17th meeting involving these budget discussions. The proposed budget received unanimous approval, including the $3.6 million in residence costs and the needle replacement project. Housing options are continuing to be evaluated. Water Tracking: As with each meeting, water inflows and utility usage are discussed, and tracking records evaluated. CEA, MEA, and GVEA are diligently working to reduce their potential carryover pond due to concerns about potential spill with the scheduled 60 days of islanding planed for Fall 2023. HEA is conserving water due to their increased hydro scheduling during islanding events. Current pond levels are trending below average in response to these actions. Water year inflows are 7% above projections but recent months have been lower than normal. Page 2 of 2 Other discussions: There was discussion regarding this committee’s role in the going efforts of required project works, including SQ line replacement and other proposed projects. AEA and CEA are working to share information from other relevant committees to keep this committee informed. Committee Assignments: • No assignments from the BPMC • CEA is continuing work to address SCADA challenges to allow HEA wheeling capacity as defined in the existing Bradley agreements. • Martin Law/HEA is continuing to develop information on the needle valve replacement plan. • Martin Law/HEA is continuing to develop options for addressing residence needs. The March 20th meeting was the last meeting for Peter Sarauer / GVEA. His participation was valuable and he will be missed. Current lake level Average lake level