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HomeMy WebLinkAbout2023-07-28 BPMC Agenda and docsBRADLEY LAKE PROJECT MANAGEMENT COMMITTEE MEETING AGENDA Friday July 28, 2023 10:00 am To participate dial 1-888-585-9008 and use code 212-753-619# 1. CALL TO ORDER 2. ROLL CALL (for Committee members) 3. PUBLIC ROLL CALL (for all others present) 4. AGENDA APPROVAL 5. PUBLIC COMMENTS 6. APPROVAL OF MEETING MINUTES – June 23, 2023 7. NEW BUSINESS A. Annual Meeting and Election of Officers B. Resolution 23-03 – Authorize Chugach Electric Association to conduct additional competitive procurement on behalf of the project. 8. OLD BUSINESS A. Railbelt Reliability Coordination Update Brian Hickey 9. OPERATORS REPORT HEA 10. COMMITTEE REPORTS A. Budget to Actuals Report Budget Subcommittee B. O&D Report 11. 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. 12. MEMBERS COMMENTS 13. NEXT MEETING DATE – September 29, 2023 14. ADJOURNMENT Page 1 of 2 - BPMC RESOLUTION 23-03: AUHORIZING COMPETITIVE PROCUREMENT . BRADLEY LAKE PROJECT MANAGEMENT COMMITTEE RESOLUTION NO. 23- 03 AUTHORIZING CHUGACH ELECTRIC ASSOCIATION TO CONDUCT ADDITIONAL COMPETITIVE PROCUREMENT ON BEHALF OF THE PROJECT INTRODUCTION The Bradley Lake Project Management Committee (“BPMC”) is responsible for the management, operation, maintenance, and improvement of the Bradley Lake Hydroelectric Project (the “Project”), subject to the non-delegable duties of the Alaska Energy Authority (the “Authority”). On December 10, 2021, the BPMC adopted Resolution 21-02 setting forth its intent to improve the transmission grid from Homer to Fairbanks and help foster the deliverability of sustainable low-cost clean energy produced by the Project. An essential element of the grid improvement project is completing the required upgrades to the Sterling Substation to Quartz Creek Substation (“SSQ Line”). The SSQ Line along with other rights relating to transmission capacity and upgrade options became part of the assets of the Project through its purchase by AEA. Resolution No. 22-05 authorized Chugach Electric Association to utilize its procurement services on behalf of the BPMC to competitively procure all necessary materials and services to complete the design of the SSQ Line. The SSQ Line project is entering into its construction phase. It is now necessary for the BPMC to procure construction and construction-related services to continue the development of the SSQ line upgrades. PURPOSE OF BPMC RESOLUTION 22-05 BPMC Resolution 23-03 continues the process of developing improvements to the transmission grid from Homer to Fairbanks by specifically authorizing Chugach Electric Association to competitively procure the construction, materials and services necessary for the upgrades to the SSQ Line. . BPMC RESOLUTION NO. 23-03 WHEREAS, the Bradley Lake Project Management Committee (“BPMC”) receives its authority under the Bradley Lake Hydroelectric Project Agreement for the Sale and Purchase of Electric Power (“Power Sales Agreement”). Page 2 of 2 - BPMC RESOLUTION 23-03: AUHORIZING COMPETITIVE PROCUREMENT . WHEREAS, the BPMC is responsible for the management, operation, maintenance, and improvement of the Bradley Lake Hydroelectric Project (the “Project”), subject to the non- delegable duties of the Alaska Energy Authority (the “Authority”). WHEREAS, in BPMC Resolution 21-02 the BPMC determined that time was of the essence in beginning to upgrade the SSQ Line, and authorized the use of in-house procurement services from the BPMC Purchasers to provide a competitive procurement process for materials and services. WHEREAS, BPMC Resolution No. 22-05 authorized Chugach Electric Association to provide competitive procurement services for design and material procurement for the SSQ Line upgrades. WHEREAS, the improvements to the SSQ Line have reached a point in time where additional procurement is necessary in order to obtain construction services and related materials, and based upon Chugach Electric Association’s experience overseeing the design and materials procurement, and its continuing work on upgrading other sections of the transmission lines, it is in the best position to oversee procurement and construction of the SSQ Line. WHEREAS, the BPMC intends that all other related tasks associated with the SSQ Line shall be performed under written contract approved by the BPMC. NOW THEREFORE, BE IT RESOLVED THAT, the aforementioned comments and Recitals are incorporated and made part of this Resolution No. 23-03. BE IT ALSO RESOLVED THAT, on behalf of the BPMC, Chugach Electric Association will provide its competitive procurement services to advertise for any services necessary for the SSQ Line and similarly provide competitive procurement services to procure construction services and all necessary materials for the SSQ Line. BE IT ALSO RESOLVED THAT, all related tasks associated with the SSQ Line shall be performed under a written contract approved by the BPMC. DATED at Anchorage Alaska, this _____ day of July, 2023. ___________________________________________ Chair, Bradley P. Janorschke Attest: ______________________________ Secretary, Curtis Thayer Bradley Lake Project Management Committee Report on Railbelt Regional Coordination Overview: The Bradley Lake Project Management Committee has two primary objectives: increasing the project's capacity limit from 90 MW to its full capacity of 120 MW and ensuring reliable and resilient delivery of energy and capacity to all project participants. Additionally, the committee aims to eliminate large-scale, small signal instability oscillations that occur when the Bradley Project interacts with the Summer Valley system during low lake levels. To achieve these goals, the committee has developed a high-level regional transmission plan called the Grid Modernization and Resiliency Plan (GMRP). The implementation of this plan will bring several ancillary benefits to the grid. These benefits include an enhanced, resilient, and hardened grid capable of withstanding extreme weather and other disruptive events. Moreover, the modernized grid will facilitate the transfer of more power between regions, reducing thermal reserves, fuel burn, and carbon emissions. Additionally, the upgraded grid will have an improved capacity to integrate variable clean energy sources. The following report provides a summary of our activities related to this effort during the months of May and early June. It outlines our progress on the DOE GRIP grant applications and highlights other activities, such as meetings and presentations. Grant Applications: The proceeds from our grant applications and matching funds are intended to fund the construction of the GMRP. The Grid Resiliency and Innovation Partnerships (GRIP) grant application process has four funding cycles: 2022-23, 2024, 2025, and 2026. We intend to apply for components of the GMRP in each GRIP funding cycle. To support our grant application efforts, we have engaged several consultants, including Electric Power Systems, Lee Thibert and Associates, Agnew Beck, LSI, and Brownstein Hyatt. In July, we began laying additional groundwork for both future funding cycle GRIP applications and potential applications for future matching funds. Firstly, by completing and publishing a white paper summarizing the Grid Modernization and Resiliency Plan, which is now available to the public on the RRC website. The DOE's Federal Transmission Needs study team will use this white paper to include Alaska's transmission needs in the 2023 study. Tony Izzo, Chair of the Governor's Energy Task Force (GETF) Railbelt subcommittee, has tasked me with initiating a planning process to develop the Railbelt input for the State's Energy Security Plan. Once a strawman is developed, the document will go through the GETF's public process. BESS Agreements: Working closely with Joel Paisner and the BPMC budget subcommittee, we are developing draft agreement frameworks for the numerous agreements (consistent with existing frameworks) that will be required to integrate the BESS systems on the Project. Additionally, we are collaborating with GVEA to explore funding opportunities for coordinated transmission upgrade funding through the New ERA and Pace programs, which may affect future GRIP application transmission projects. Other Activities: Met with DOE Arctic Energy Office director Erin Whitney to explore ways that we can cooperate to expand DOE's assistance to the Railbelt. Providing updates on the progress of the S-Q line rebuild. Regular updates to the staff of the federal delegation and the Special Assistant to the Governor. Familiarizing ourselves with the IRA Pace and Next ERA programs as they relate to the Railbelt. Continuing work on the alternative wheeling structure documents, including a white paper, financial model, and a scope of work for GDS to evaluate the proposal. This analysis will utilize the remaining ARCTEC funds. I will coordinate with Arthur once I have a draft developed. Summary: We are currently in the wait-and-see stage for the 2022-23 grant funding cycle. Over the next couple of months, I'll be pulling together data and information for the 2023-24 funding cycle, as well as working on the alternative transmission structure documents and potentially assisting with the Next Era Letter of Interest (LOI) should the transmission component be included. The deadline for these LOIs has been extended to 9-15-23. Bradley Lake Operator Report Page 1 Bradley Lake Operator Report BPMC JULY 28, 2023 Unit Statistics: Generation Unit 1 (MWhrs)Unit 2 (MWhrs)Total (MWhrs) May 2023 June 2023 July 2023* 4,575 11,388 12,788 9,204 15,988 12,693 13,779 27,376 25,481 Hydraulics Avg. Lake Level (ft.) Bradley Fishwater (ac ft.) Battle Creek MIF (cfs) May 2023 June 2023 July 2023* 1,087 1,104 1,132 1,256 552 3,449 110 234 382 Battle Creek Inflows to Bradley (ac ft.) May 2023 June 2023 July 2023 1,072 8,355 9,464 *Lake Level – 1,140.6’ As of July 24, 2023 Activities Dam – Completed the monthly safety inspections. Dam Access Road –Nothing new to report. Battle Creek Diversion – Nothing new to report. Bradley Lake new housing –Completed the pad. We have received bids for the foundation and in slab plumbing work. Due to supply chain issues the delivery of the house package has been delayed until 23 August 2023. Needle Valve purchase – On Schedule. Fire system- We are reviewing the request for bid packages for the fire alarm system refresh. Bradley Lake Operator Report Page 2 Safety- There have been no lost time or reportable accidents for the months of May, June, and as of this date in July 2023. Safety meeting was held on 12 July 2023. Next safety meeting is 9 August 2023. Barge trip – On 14 Aug. 2023, a barge will bring out the foundation forms and contractor equipment for the cement work. On 31 Aug. 2023, a barge is scheduled to bring out the house package, fuel order, shipping container, and fire system 4” dai. pipe. On 1 Sept. 2023, a barge will bring out cement, pump and three trucks for the new residents’ foundation. Forced outage –None to report. Contractors/ Visitors on site- o HEA John McClain and Gable Aims working on the microwave project. o ProFlow Plumbing to inspect and snake the sewer from the duplex to the septic tank. o HEA Larry Jorgensen out for the Safety Meeting on 12 July 2023. o Bridge Creek Construction out to inspect pad for foundation work on new residence. o Statewide crane was out doing preliminary work and inspection to the 40-ton mobile crane. o AM Power Systems out to inspect and evaluate the DC Batterie bank. o Bay Safety out to inspect and service fire extinguishers. Scheduled visitors- o AEA plans to conduct a tour for a group of legislators on 26 July 2023. o David Ingram from STAR Insurance will be out to inspect the Bradley Project on 24 Aug. 2023. Bradley Lake Operator Report Page 3 Bradley Lake 17 July 2023 Lake Level 1136.8ft. (Pictures were taken same day 2hrs apart) Sunset at Bradley Project 22 July 2023 10:59pm Alaska Energy Authority Bradley Lake Budget to Actual Expenses DRAFT 07/01/2022 to 06/30/2023 Page 1 of 13 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 65,164 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 18,491 Replace Dump Truck and Sander 170,000 166,608 20,000 - - 38,093 KVM switch for Emerson 3,000 - - - - - Spare Trash Pump 20,000 - - - - - 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 - 250,000 396,171 Soldotna SVC Battery Replacement - - 70,000 76 - - North Fork Improvements - - - - 5,000 - Mini Excavator - - - - 100,000 94,465 Install New Bradley Microwave System - - - - 500,000 203,646 Total Non R&C Capital Purchases 462,000 491,344 909,000 236,264 1,558,000 1,120,590 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 06/30/23 Page 2 of 13 ALASKA ENERGY AUTHORITY BRADLEY LAKE OPERATIONS & MAINTENANCE SCHEDULE B BUDGET TO ACTUAL EXPENSES FOR THE PERIOD 07/01/2022 THROUGH 06/30/2023 FY 23 FY 22 FY23 Approved Budget BUDGET % 07/01/2022 - 06/30/2023 HEA Actual CEA Actual AEA Actual Total Actual (Over) Under Budget to Date FY22 Approved Budget FY22 Actual Summary by expense type Staff Professional Services (Direct)277,000 277,000 - - 256,706 256,706 20,294 274,000 212,299 Labor & Benefits 1,997,876 1,997,876 1,010,074 25,643 577,970 1,613,686 384,190 1,307,994 1,150,586 Travel 84,950 84,950 1,668 - 7,953 9,621 75,329 38,450 10,436 Training 49,300 49,300 18,644 - 754 19,398 29,902 49,300 19,660 Contractual 1,215,727 1,215,727 443,594 - 423,680 867,273 348,454 1,156,343 1,069,547 Consulting-Administrative 249,375 249,375 - - 250,152 250,152 (777) - 1,636 Supplies & Materials 329,232 329,232 110,644 - 11,367 122,011 207,221 429,345 213,468 Other Costs 79,318 79,318 31,412 26,190 2,002 59,604 19,714 97,318 63,178 Equipment, Furniture & Machinery 24,000 24,000 5,912 - - 5,912 18,088 73,000 5,084 Administrative Costs 1,492,905 1,492,905 30,357 - 1,392,936 1,423,293 69,612 1,884,844 1,968,101 Indirect Costs 1,486,285 1,486,285 1,256,120 - - 1,256,120 230,166 1,486,285 1,183,807 O&M 4% Allocation to Battle Creek (236,473) (236,473) - - - - (236,473) (190,710) - Total Bradley Lake Budget 7,049,495 7,049,495 2,908,424 51,832 2,923,520 5,883,776 1,165,719 6,606,169 5,897,803 FERC 535 - Operation Supervision & Engineering Operations Sup/Eng Bradley Lake Operating Labor & Benefits 108,311 108,311 103,266 - - 103,266 5,044 107,604 92,562 Travel 10,450 10,450 590 - - 590 9,860 10,450 1,715 Training 9,300 9,300 - - - - 9,300 9,300 4,087 Contractual 1,000 1,000 - - - - 1,000 11,000 - Supplies & Materials 4,000 4,000 314 - - 314 3,686 4,000 942 Indirect Costs 155,698 155,698 137,208 - - 137,208 18,490 155,698 127,416 Bradley Lake Operating Total 288,759 288,759 241,379 - - 241,379 47,380 298,052 226,723 FERC 535 - Operation Supervision & Engineering Total 288,759 288,759 241,379 - - 241,379 47,380 298,052 226,723 FERC 537 - Hydraulic Expenses Hydraulic Expenses Bradley Lake Operating Labor & Benefits 90,192 90,192 70,898 - - 70,898 19,294 84,192 69,712 Travel - - - - - - - 8,000 73 Contractual 123,000 123,000 87 - - 87 122,913 73,000 5,803 Supplies & Materials 32,000 32,000 1,804 - - 1,804 30,196 16,000 471 Equipment, Furniture & Machinery - - - - - - - 39,000 - Indirect Costs 114,320 114,320 97,968 - - 97,968 16,352 114,320 93,656 Bradley Lake Operating Total 359,512 359,512 170,756 - - 170,756 188,756 334,512 169,715 FERC 537 - Hydraulic Expenses Total 359,512 359,512 170,756 - - 170,756 188,756 334,512 169,715 FERC 538 - Electric Expenses Electric Expenses Bradley Lake Operating Labor & Benefits 218,044 218,044 213,663 - - 213,663 4,381 218,044 218,221 Travel 7,000 7,000 1,078 - - 1,078 5,922 7,000 4,381 Training 25,000 25,000 17,635 - - 17,635 7,365 25,000 10,743 Contractual 2,000 2,000 - - - - 2,000 5,000 - Supplies & Materials 9,732 9,732 3,681 - - 3,681 6,051 42,732 255 Equipment, Furniture & Machinery - - - - - - - 11,000 - Administrative Costs - - - - - - - - 37,738 Indirect Costs 262,004 262,004 237,436 - - 237,436 24,568 262,004 216,110 Bradley Lake Operating Total 523,780 523,780 473,493 - - 473,493 50,287 570,780 487,448 BRADLEY CIRCUITS/RADIO TO BERNICE LK BRADLEY CIRCUITS/RADIO TO BERNICE LK Total - - - - - - - - - FERC 538 - Electric Expenses Total 523,780 523,780 473,493 - - 473,493 50,287 570,780 487,448 FERC 539 - Misc. Hydraulic Power Generation Expenses Misc Hydro Power Exp Bradley Lake Operating Labor & Benefits 105,742 105,742 84,602 - - 84,602 21,140 104,788 68,784 Training 15,000 15,000 1,009 - - 1,009 13,991 15,000 4,831 Contractual 315,867 315,867 211,075 - - 211,075 104,792 287,525 228,838 Supplies & Materials 17,900 17,900 20,157 - - 20,157 (2,257) 17,900 29,833 Other Costs - - - - - - - - (714) Indirect Costs 114,320 114,320 111,475 - - 111,475 2,845 114,320 95,365 Bradley Lake Operating Total 568,829 568,829 428,317 - - 428,317 140,512 539,533 426,937 BRADLEY CIRCUITS/RADIO TO BERNICE LK Other Costs 35,695 35,695 31,412 - - 31,412 4,283 35,695 34,920 BRADLEY CIRCUITS/RADIO TO BERNICE LK Total 35,695 35,695 31,412 - - 31,412 4,283 35,695 34,920 BRADLEY CIRCUITS BERNICE LK TO ANCH Other Costs 29,773 29,773 - 26,190 - 26,190 3,583 29,773 28,734 BRADLEY CIRCUITS BERNICE LK TO ANCH Total 29,773 29,773 - 26,190 - 26,190 3,583 29,773 28,734 FERC 539 - Misc. Hydraulic Power Generation Expenses Total 634,297 634,297 459,729 26,190 - 485,919 148,378 605,001 490,592 FERC 541 - Maintenance Supervision & Engineering Maint Supervision/Eng Bradley Lake Operating Labor & Benefits 116,171 116,171 103,977 - - 103,977 12,194 114,758 100,394 Indirect Costs 155,698 155,698 137,208 - - 137,208 18,490 155,698 128,372 Bradley Lake Operating Total 271,869 271,869 241,185 - - 241,185 30,684 270,456 228,766 FERC 541 - Maintenance Supervision & Engineering Total 271,869 271,869 241,185 - - 241,185 30,684 270,456 228,766 FERC 542 - Maintenance of Structures Maintenance of Structures Bradley Lake Operating Labor & Benefits 86,639 86,639 64,617 - - 64,617 22,021 77,639 62,589 Contractual 56,000 56,000 59,713 - - 59,713 (3,713) 89,000 62,009 Supplies & Materials 94,000 94,000 8,069 - - 8,069 85,931 243,713 34,868 Equipment, Furniture & Machinery 19,000 19,000 4,728 - - 4,728 14,272 23,000 5,084 Administrative Costs - - - - - - - - 6,741 Indirect Costs 105,421 105,421 89,174 - - 89,174 16,248 105,421 80,072 Bradley Lake Operating Total 361,060 361,060 226,301 - - 226,301 134,759 538,773 251,363 Page 3 of 13 ALASKA ENERGY AUTHORITY BRADLEY LAKE OPERATIONS & MAINTENANCE SCHEDULE B BUDGET TO ACTUAL EXPENSES FOR THE PERIOD 07/01/2022 THROUGH 06/30/2023 FY 23 FY 22 FY23 Approved Budget BUDGET % 07/01/2022 - 06/30/2023 HEA Actual CEA Actual AEA Actual Total Actual (Over) Under Budget to Date FY22 Approved Budget FY22 Actual FERC 542 - Maintenance of Structures Total 361,060 361,060 226,301 - - 226,301 134,759 538,773 251,363 FERC 543 - Maintenance of Reservoirs, Dams & Waterways Maint Res, Dams, WWays Bradley Lake Operating Labor & Benefits 53,744 53,744 1,066 - - 1,066 52,679 40,744 431 Travel 1,000 1,000 - - - - 1,000 5,000 - Contractual 22,500 22,500 5,114 - - 5,114 17,386 6,500 - Supplies & Materials 20,000 20,000 - - - - 20,000 15,000 - Indirect Costs 56,689 56,689 826 - - 826 55,863 56,689 501 Bradley Lake Operating Total 153,933 153,933 7,006 - - 7,006 146,927 123,933 932 BRADLEY POWER TUNNEL MAINT (Dam) Contractual - - - - - - - 15,000 - BRADLEY POWER TUNNEL MAINT (Dam) Total - - - - - - - 15,000 - FERC 543 - Maintenance of Reservoirs, Dams & Waterways Total 153,933 153,933 7,006 - - 7,006 146,927 138,933 932 FERC 544 - Maintenance of Electric Plant Maintenance of Elec Plant Bradley Lake Operating Labor & Benefits 309,110 309,110 256,941 - - 256,941 52,169 309,110 258,335 Travel 4,500 4,500 - - - - 4,500 4,500 376 Contractual 58,000 58,000 3,180 - - 3,180 54,820 49,000 104,828 Supplies & Materials 43,000 43,000 28,360 - - 28,360 14,640 30,000 20,620 Indirect Costs 423,178 423,178 354,782 - - 354,782 68,395 423,178 354,987 Bradley Lake Operating Total 837,788 837,788 643,263 - - 643,263 194,525 815,788 739,147 FERC 544 - Maintenance of Electric Plant Total 837,788 837,788 643,263 - - 643,263 194,525 815,788 739,147 FERC 545 - Maintenance of Misc. Hydraulic Plant Maint of Misc Hydr Plant Bradley Lake Operating Labor & Benefits 69,297 69,297 65,728 - - 65,728 3,569 69,297 63,333 Contractual 3,900 3,900 7,276 - - 7,276 (3,376) 3,900 - Supplies & Materials 29,000 29,000 34,469 - - 34,469 (5,469) 34,000 70,114 Equipment, Furniture & Machinery 5,000 5,000 1,184 - - 1,184 3,816 - - Indirect Costs 98,957 98,957 90,043 - - 90,043 8,914 98,957 87,328 Bradley Lake Operating Total 206,154 206,154 198,701 - - 198,701 7,453 206,154 220,775 FERC 545 - Maintenance of Misc. Hydraulic Plant Total 206,154 206,154 198,701 - - 198,701 7,453 206,154 220,775 FERC 556 - System Control & Load Dispatching System Cntl & Load Disp Bradley Lake Operating Labor & Benefits 20,174 20,174 18,922 - - 18,922 1,252 19,708 17,143 Contractual 85,500 85,500 99,120 - - 99,120 (13,620) 53,000 88,680 Supplies & Materials 12,000 12,000 3,828 - - 3,828 8,172 6,000 6,442 Bradley Lake Operating Total 117,674 117,674 121,870 - - 121,870 (4,196) 78,708 112,264 Snow Measurement Bradley Lake Operating Contractual 10,000 10,000 - - 9,600 9,600 400 10,000 9,507 Bradley Lake Operating Total 10,000 10,000 - - 9,600 9,600 400 10,000 9,507 Seismic Service Bradley Lake Operating Contractual 62,000 62,000 - - 57,627 57,627 4,373 62,000 66,095 Bradley Lake Operating Total 62,000 62,000 - - 57,627 57,627 4,373 62,000 66,095 Streamguaging Serv Bradley Lake Operating Contractual 218,000 218,000 - - 193,186 193,186 24,814 218,000 189,594 Bradley Lake Operating Total 218,000 218,000 - - 193,186 193,186 24,814 218,000 189,594 Permits Bradley Lake Operating Other Costs 350 350 - - 240 240 110 350 238 Bradley Lake Operating Total 350 350 - - 240 240 110 350 238 FERC 556 - System Control & Load Dispatching Total 408,024 408,024 121,870 - 260,653 382,523 25,501 369,058 377,698 FERC 562 - Station Expenses Station Expenses Bradley Lake Operating Labor & Benefits 98,418 98,418 24,489 25,643 - 50,131 48,287 134,147 186,098 Travel 3,500 3,500 - - - - 3,500 3,500 241 Contractual 87,960 87,960 30,560 - - 30,560 57,400 61,600 209,009 Supplies & Materials 44,600 44,600 9,963 - - 9,963 34,637 15,000 49,923 Other Costs 1,500 1,500 - - - - 1,500 31,500 - Bradley Lake Operating Total 235,978 235,978 65,011 25,643 - 90,654 145,324 245,747 445,271 FERC 562 - Station Expenses Total 235,978 235,978 65,011 25,643 - 90,654 145,324 245,747 445,271 FERC 571 - Maintenance of Overhead Lines Maint of OH Lines Bradley Lake Operating Labor & Benefits 39,954 39,954 1,904 - - 1,904 38,050 27,963 12,984 Contractual 150,000 150,000 27,470 - - 27,470 122,530 100,000 20,523 Supplies & Materials 5,000 5,000 - - - - 5,000 5,000 - Bradley Lake Operating Total 194,954 194,954 29,374 - - 29,374 165,580 132,963 33,507 FERC 571 - Maintenance of Overhead Lines Total 194,954 194,954 29,374 - - 29,374 165,580 132,963 33,507 FERC 920 & 930 - Administrative Expense AEA Bradley Fixed Admin Fees Bradley Lake Operating Staff Professional Services (Direct)277,000 277,000 - - 237,744 237,744 39,256 274,000 212,299 Travel - - - - 1,577 1,577 (1,577) - 3,650 Training - - - - 754 754 (754) - - Consulting-Administrative - - - - 1,406 1,406 (1,406) - 1,636 Supplies & Materials - - - - 4,427 4,427 (4,427) - - Administrative Costs 2,500 2,500 - - 162,973 162,973 (160,473) 2,500 59,087 Bradley Lake Operating Total 279,500 279,500 - - 408,881 408,881 (129,381) 276,500 276,672 Page 4 of 13 ALASKA ENERGY AUTHORITY BRADLEY LAKE OPERATIONS & MAINTENANCE SCHEDULE B BUDGET TO ACTUAL EXPENSES FOR THE PERIOD 07/01/2022 THROUGH 06/30/2023 FY 23 FY 22 FY23 Approved Budget BUDGET % 07/01/2022 - 06/30/2023 HEA Actual CEA Actual AEA Actual Total Actual (Over) Under Budget to Date FY22 Approved Budget FY22 Actual Bradley Lake Bond Financing Staff Professional Services (Direct)- - - - 18,962 18,962 (18,962) - - Bradley Lake Bond Financing Total - - - - 18,962 18,962 (18,962) - - BRADLEY HEA BESS Preliminary Study BRADLEY HEA BESS Preliminary Study Total - - - - - - - - - Bradley Battle Creek Diversion Bradley Battle Creek Diversion Total - - - - - - - - - General & Administrative Costs General & Administrative Costs 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 19,900 - - 32,520 32,520 (12,620) 19,900 22,494 Bradley Lake Operating Total 19,900 19,900 - - 32,520 32,520 (12,620) 19,900 22,494 Operating Committee Exp-Legal Bradley Lake Operating Administrative Costs 70,000 70,000 - - 152,358 152,358 (82,358) 70,000 231,567 Bradley Lake Operating Total 70,000 70,000 - - 152,358 152,358 (82,358) 70,000 231,567 Operat Committee Exp-Arbitrage Bradley Lake Operating Administrative Costs 5,000 5,000 - - - - 5,000 5,000 33 Bradley Lake Operating Total 5,000 5,000 - - - - 5,000 5,000 33 Trust & Account Fees Bradley Lake Operating Administrative Costs 13,000 13,000 - - - - 13,000 13,000 - Bradley Lake Operating Total 13,000 13,000 - - - - 13,000 13,000 - Misc Admin Bradley Lake Operating Administrative Costs 12,000 12,000 - - 13,604 13,604 (1,604) 12,000 12,976 Bradley Lake Operating Total 12,000 12,000 - - 13,604 13,604 (1,604) 12,000 12,976 Professional Consultants Bradley Lake Operating Labor & Benefits 682,080 682,080 - - 577,970 577,970 104,110 - - Travel 58,500 58,500 - - 6,376 6,376 52,124 - - Contractual 20,000 20,000 - - 163,267 163,267 (143,267) 111,818 84,662 Supplies & Materials 18,000 18,000 - - 6,940 6,940 11,060 - - Other Costs 12,000 12,000 - - 1,762 1,762 10,238 - - Bradley Lake Operating Total 790,580 790,580 - - 756,315 756,315 34,265 111,818 84,662 FERC 920 & 930 - Administrative Expense Total 1,189,980 1,189,980 - - 1,382,640 1,382,640 (192,660) 508,218 698,129 FERC 924 & 925 - Insurance Premiums Insurance Premiums Bradley Lake Operating Administrative Costs 1,015,505 1,015,505 30,357 - 944,559 974,916 40,589 1,382,444 1,187,246 Bradley Lake Operating Total 1,015,505 1,015,505 30,357 - 944,559 974,916 40,589 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 1,015,505 30,357 - 944,559 974,916 40,589 1,407,444 1,187,246 FERC 923 - Outside Services Employed Outside Services Employed Bradley Lake Operating Consulting-Administrative 249,375 249,375 - - 248,746 248,746 629 - - Bradley Lake Operating Total 249,375 249,375 - - 248,746 248,746 629 - - FERC 923 - Outside Services Employed Total 249,375 249,375 - - 248,746 248,746 629 - - FERC 928 - Regulatory Commission Expenses FERC Admin Fees Bradley Lake Operating Administrative Costs 150,000 150,000 - - - - 150,000 150,000 172,565 Bradley Lake Operating Total 150,000 150,000 - - - - 150,000 150,000 172,565 FERC Related Prof Services BRADLEY FERC PART 12 INSPECTION Administrative Costs 25,000 25,000 - - 435 435 24,565 25,000 57,905 BRADLEY FERC PART 12 INSPECTION Total 25,000 25,000 - - 435 435 24,565 25,000 57,905 BRADLEY CONTRACTUAL ENGINEER-FERC LICENSE ISSUES Administrative Costs 180,000 180,000 - - 86,487 86,487 93,513 180,000 110,022 BRADLEY CONTRACTUAL ENGINEER-FERC LICENSE ISSUES Total 180,000 180,000 - - 86,487 86,487 93,513 180,000 110,022 FERC 928 - Regulatory Commission Expenses Total 355,000 355,000 - - 86,922 86,922 268,078 355,000 340,493 O&M 4% Allocation to Battle Creek (236,473) (236,473) - - - - (236,473) (190,710) - Total Bradley Lake Budget 7,049,495 7,049,495 2,908,424 51,832 2,923,520 5,883,776 1,165,719 6,606,169 5,897,803 Page 5 of 13 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 - 4,052,070 - 4,052,070 - - 4,052,070 - Replace RFLS - 251,093 - 251,093 - - 251,093 - Replace Runners - 1,946,733 - 1,946,733 - - 1,946,733 - Replace cable from dam to power house - 2,321,923 - 2,321,923 - - 2,321,923 - Replace power system stabilizer - 619,205 - 619,205 - - 619,205 - Replace two RTUs - 86,905 - 86,905 - - 86,905 - Culvert Repairs - 675,967 - 675,967 - - 675,967 - Tower Repair for Jack Frost Heaves - 887,597 - 887,597 - - 887,597 - Replace Plant and SCADA Controls - 1,344,683 - 1,344,683 - - 1,344,683 - Vibration Monitoring System - 490 - 490 - - 490 - Fire Alarm System Replacement 64,452 105,631 150,000 28,593 134,225 150,000 3,173 137,397 1,500,000 Battle Creek Diversion - 1,170,000 - 1,170,000 - - 1,170,000 - Bradley Replace Electro-Mechanical Relays - 1,277,197 - 1,277,197 - - 1,277,197 - Fishwater Screen Debris Removal - 312,236 - 312,236 - - 312,236 - Turbine Nozzel Repair - 1,428,861 - 1,428,861 - - 1,428,861 - SVC replacement Daves Creek | Soldotna - 8,517,991 - 8,517,991 - - 8,517,991 - Equipment Storage Shed - 510,550 - 510,550 - - 510,550 - Emerson Operating System Upgrade - 622,665 - 622,665 - - 622,665 - Generator #2 Replacement - 953,213 - 953,213 - - 953,213 - Road Grader - - 370,000 342,330 342,330 - - 342,330 - Battle Creek Construction 3,739,591 3,739,591 3,666,000 - 3,739,591 - - 3,739,591 - Battle Creek Cash Call-Expended 750,000 750,000 750,000 - 750,000 - - 750,000 - Battle Creek Cash Call-Paid by Utilities (750,000) (750,000) (750,000) - (750,000) - - (750,000) - Needle Repairs 1,482,791 1,482,791 1,500,000 - 1,482,791 - - 1,482,791 - Construct Additional Residence - - 69,594 69,594 980,000 109,175 178,769 - Spillway Raise & Expansion Project (aka Dixon Diversion)**- - 547,699 547,699 800,000 620,692 1,168,392 1,500,000 5,286,834 32,307,392 5,686,000 988,217 33,295,609 1,930,000 733,040 34,028,649 3,000,000 Current Year R&C Repayment (2,209,060) (2,435,902) (2,757,013) Adjust balance to $5 million - - - Interest in Fund Applied to Repayment (269,487) (42,921) (100,912) Net Transfer from Revenue Fund (2,478,548) (2,478,823) (2,857,925) Cumulative Prior Years R&C Repayments (25,518,390) (27,707,352) (29,808,017) Due to (from) Utilities 289,586 378,159 1,002,890 Adjust Due to R&C Actual - - - (25,228,805) (27,329,193) (28,805,127) NET DUE TO R&C FUND 4,600,040 3,487,592 2,365,597 R&C FUND CASH FLOW PROJECTION Beginning Investment Balance 3,922,231 1,069,523 2,363,808 Disbursements-current year -Accrual (4,906,857) (514,976) - Disbursements-prior year accrued (406,104) (379,977) (473,241) Utilities' R&C Refund (18,294) (289,586) (378,159) Net other cash inflow(outflow) - - - Current year interest earnings 269,487 42,921 100,912 Participants Contributions to R&C Fund 2,209,060 2,435,902 2,757,013 Ending Investment Balance 1,069,523 2,363,808 4,370,333 Accrued Due to (from) Utilities (289,586) (378,159) (1,002,890) R&C payable back to the revenue fund - - - Accrued R&C vendor Payable at Year End (379,977) (473,241) (733,040) PROJECTED NET DUE + ENDING INVESTMENT BALANCE 5,000,000 5,000,000 5,000,000 REPAYMENT AMOUNT $1,649,677 X 25% $4,139,810 X 25% **Spillway Raise & Expansion Project (aka Dixon Diversion) $238,606.15 X 25% $954,181.79 x 25% Paid with Bradley Lake R&C Fund 620,692 $756,665.11 x 25% all 4 years Paid with Renewable Energy Fund Grant 110,065 $1,455,830.05 x 25% all 4 years Total Project Cost at 5/31/23 730,757 $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 $1,715,556.80 x 25% all 4 years (FY19) 3rd 428,889 4th 428,889 $412,050.13 x 25% all 4 years (FY20) 2nd 103,013 3rd 103,013 4th 103,013 $5,286,834.31 x 25% all 4 years (FY21) 1st 1,321,709 2nd 1,321,709 3rd 1,321,709 FY22 ACTUALS 1st 247,054 2nd 247,054 1st 183,260 2,188,962 2,100,664 1,855,035 BRADLEY LAKE R&C FUND DISBURSEMENTS AND REPAYMENTS SCHEDULE D Expenses for the period 07/01/22 to 06/30/23 Page 6 of 13 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 11,986 Vent Enlargment - - 50,000 13,077 50,000 32,407 Pressure Sensor w SCADA - - 25,000 2,807 25,000 27,030 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 71,423 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 06/30/23 Page 7 of 13 BATTLE CREEK OPERATIONS & MAINTENANCE SCHEDULE F BUDGET TO ACTUAL EXPENSES FOR THE PERIOD 07/01/2022 THROUGH 06/30/2023 FY 23 FY 22 FY23 Approved Budget BUDGET % 07/01/2022 - 06/30/2023 HEA Actual CEA Actual AEA Actual Total Actual (Over) Under Budget to Date FY22 Approved Budget FY22 Actual Summary by expense type Staff Professional Services (Direct)- - - - 50,085 50,085 (50,085) 71,000 26,505 Labor & Benefits - - 42,086 1,068 24,082 67,237 (67,237) - 48,457 Travel - - 69 - 331 401 (401) - 358 Training - - 777 - 31 808 (808) - 682 Contractual 126,000 126,000 18,483 - 120,923 139,406 (13,406) 126,000 149,484 Consulting-Administrative - - - - 10,423 10,423 (10,423) - 60 Supplies & Materials - - 4,610 - 389 4,999 (4,999) - 9,628 Other Costs - - 1,309 1,091 83 2,484 (2,484) - 2,376 Equipment, Furniture & Machinery - - 246 - - 246 (246) - 239 Administrative Costs 54,900 54,900 1,265 - 62,020 63,285 (8,385) 11,900 131,166 Indirect Costs - - 52,338 - - 52,338 (52,338) - 50,826 O&M 4% Allocation to Battle Creek 236,473 236,473 - - - - 236,473 190,710 - Total Battle Creek Budget 417,373 417,373 121,184 2,160 268,368 391,712 25,661 399,610 419,780 FERC 535 - Operation Supervision & Engineering Operations Sup/Eng Battle Creek Operating Labor & Benefits - - 4,303 - - 4,303 (4,303) - 3,989 Travel - - 25 - - 25 (25) - 77 Training - - - - - - - - 192 Supplies & Materials - - 13 - - 13 (13) - 44 Indirect Costs - - 5,717 - - 5,717 (5,717) - 5,485 Battle Creek Operating Total - - 10,057 - - 10,057 (10,057) - 9,788 FERC 535 - Operation Supervision & Engineering Total - - 10,057 - - 10,057 (10,057) - 9,788 FERC 537 - Hydraulic Expenses Hydraulic Expenses Battle Creek Operating Labor & Benefits - - 2,954 - - 2,954 (2,954) - 3,019 Travel - - - - - - - - 3 Contractual 81,000 81,000 4 - 65,275 65,278 15,722 81,000 66,287 Supplies & Materials - - 75 - - 75 (75) - 22 Indirect Costs - - 4,082 - - 4,082 (4,082) - 4,014 Battle Creek Operating Total 81,000 81,000 7,115 - 65,275 72,390 8,610 81,000 73,345 FERC 537 - Hydraulic Expenses Total 81,000 81,000 7,115 - 65,275 72,390 8,610 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 - - 8,903 - - 8,903 (8,903) - 9,566 Travel - - 45 - - 45 (45) - 206 Training - - 735 - - 735 (735) - 461 Supplies & Materials - - 153 - - 153 (153) - 2 Administrative Costs - - - - - - - - 1,776 Indirect Costs - - 9,893 - - 9,893 (9,893) - 9,271 Battle Creek Operating Total - - 19,729 - - 19,729 (19,729) - 21,282 FERC 538 - Electric Expenses Total - - 19,729 - - 19,729 (19,729) - 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 - - 3,525 - - 3,525 (3,525) - 2,952 Training - - 42 - - 42 (42) - 28 Contractual - - 8,795 - - 8,795 (8,795) - 9,860 Supplies & Materials - - 840 - - 840 (840) - 1,288 Other Costs - - 1,309 1,091 - 2,400 (2,400) - 1,742 Indirect Costs - - 4,645 - - 4,645 (4,645) - 4,044 Battle Creek Operating Total - - 19,155 1,091 - 20,247 (20,247) - 19,915 FERC 539 - Misc. Hydraulic Power Generation Expenses Total - - 19,155 1,091 - 20,247 (20,247) - 20,537 FERC 541 - Maintenance Supervision & Engineering Maint Supervision/Eng Battle Creek Operating Labor & Benefits - - 4,332 - - 4,332 (4,332) - 4,358 Indirect Costs - - 5,717 - - 5,717 (5,717) - 5,530 Battle Creek Operating Total - - 10,049 - - 10,049 (10,049) - 9,888 FERC 541 - Maintenance Supervision & Engineering Total - - 10,049 - - 10,049 (10,049) - 9,888 FERC 542 - Maintenance of Structures Maintenance of Structures Battle Creek Operating Labor & Benefits - - 2,692 - - 2,692 (2,692) - 2,721 Contractual - - 2,488 - - 2,488 (2,488) - 2,715 Supplies & Materials - - 336 - - 336 (336) - 1,604 Equipment, Furniture & Machinery - - 197 - - 197 (197) - 239 Administrative Costs - - - - - - - - 317 Indirect Costs - - 3,716 - - 3,716 (3,716) - 3,419 Battle Creek Operating Total - - 9,429 - - 9,429 (9,429) - 11,015 FERC 542 - Maintenance of Structures Total - - 9,429 - - 9,429 (9,429) - 11,015 FERC 543 - Maintenance of Reservoirs, Dams & Waterways Maint Res, Dams, WWays Battle Creek Operating Labor & Benefits - - 44 - - 44 (44) - 20 Contractual - - 213 - - 213 (213) - - ALASKA ENERGY AUTHORITY Page 8 of 13 BATTLE CREEK OPERATIONS & MAINTENANCE SCHEDULE F BUDGET TO ACTUAL EXPENSES FOR THE PERIOD 07/01/2022 THROUGH 06/30/2023 FY 23 FY 22 FY23 Approved Budget BUDGET % 07/01/2022 - 06/30/2023 HEA Actual CEA Actual AEA Actual Total Actual (Over) Under Budget to Date FY22 Approved Budget FY22 Actual ALASKA ENERGY AUTHORITY Indirect Costs - - 34 - - 34 (34) - 24 Battle Creek Operating Total - - 292 - - 292 (292) - 44 FERC 543 - Maintenance of Reservoirs, Dams & Waterways Total - - 292 - - 292 (292) - 44 FERC 544 - Maintenance of Electric Plant Maintenance of Elec Plant Battle Creek Operating Labor & Benefits - - 10,706 - - 10,706 (10,706) - 11,246 Travel - - - - - - - - 18 Contractual - - 132 - - 132 (132) - 4,839 Supplies & Materials - - 1,182 - - 1,182 (1,182) - 906 Indirect Costs - - 14,783 - - 14,783 (14,783) - 15,296 Battle Creek Operating Total - - 26,803 - - 26,803 (26,803) - 32,304 FERC 544 - Maintenance of Electric Plant Total - - 26,803 - - 26,803 (26,803) - 32,304 FERC 545 - Maintenance of Misc. Hydraulic Plant Maint of Misc Hydr Plant Battle Creek Operating Labor & Benefits - - 2,739 - - 2,739 (2,739) - 2,736 Contractual - - 303 - - 303 (303) - - Supplies & Materials - - 1,436 - - 1,436 (1,436) - 3,188 Equipment, Furniture & Machinery - - 49 - - 49 (49) - - Indirect Costs - - 3,752 - - 3,752 (3,752) - 3,744 Battle Creek Operating Total - - 8,279 - - 8,279 (8,279) - 9,668 FERC 545 - Maintenance of Misc. Hydraulic Plant Total - - 8,279 - - 8,279 (8,279) - 9,668 FERC 556 - System Control & Load Dispatching System Cntl & Load Disp Battle Creek Operating Labor & Benefits - - 788 - - 788 (788) - 542 Contractual - - 4,130 - - 4,130 (4,130) - 4,166 Supplies & Materials - - 160 - - 160 (160) - 303 Battle Creek Operating Total - - 5,078 - - 5,078 (5,078) - 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 - - - - 2,401 2,401 (2,401) - 2,147 Battle Creek Operating Total - - - - 2,401 2,401 (2,401) - 2,147 Streamguaging Serv Battle Creek Operating Contractual 45,000 45,000 - - 50,799 50,799 (5,799) 45,000 52,793 Battle Creek Operating Total 45,000 45,000 - - 50,799 50,799 (5,799) 45,000 52,793 Permits Battle Creek Operating Other Costs - - - - 10 10 (10) - 12 Battle Creek Operating Total - - - - 10 10 (10) - 12 FERC 556 - System Control & Load Dispatching Total 45,000 45,000 5,078 - 53,611 58,688 (13,688) 45,000 60,457 FERC 562 - Station Expenses Station Expenses Battle Creek Operating Labor & Benefits - - 1,020 1,068 - 2,089 (2,089) - 7,242 Travel - - - - - - - - 11 Contractual - - 1,273 - - 1,273 (1,273) - 5,338 Supplies & Materials - - 415 - - 415 (415) - 2,271 Battle Creek Operating Total - - 2,709 1,068 - 3,777 (3,777) - 14,862 FERC 562 - Station Expenses Total - - 2,709 1,068 - 3,777 (3,777) - 14,862 FERC 571 - Maintenance of Overhead Lines Maint of OH Lines Battle Creek Operating Labor & Benefits - - 79 - - 79 (79) - 67 Contractual - - 1,145 - - 1,145 (1,145) - 106 Battle Creek Operating Total - - 1,224 - - 1,224 (1,224) - 174 FERC 571 - Maintenance of Overhead Lines Total - - 1,224 - - 1,224 (1,224) - 174 FERC 920 & 930 - Administrative Expense AEA Bradley Fixed Admin Fees Bradley Lake Operating Bradley Lake Operating Total - - - - - - - - - Battle Creek Operating Staff Professional Services (Direct)- - - - 50,085 50,085 (50,085) 71,000 26,505 Travel - - - - 66 66 (66) - 42 Training - - - - 31 31 (31) - - Consulting-Administrative - - - - 59 59 (59) - 60 Supplies & Materials - - - - 100 100 (100) - - Administrative Costs 43,000 43,000 - - 1,612 1,612 41,388 - 30,409 Battle Creek Operating Total 43,000 43,000 - - 51,952 51,952 (8,952) 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 Bradley Battle Creek Diversion Page 9 of 13 BATTLE CREEK OPERATIONS & MAINTENANCE SCHEDULE F BUDGET TO ACTUAL EXPENSES FOR THE PERIOD 07/01/2022 THROUGH 06/30/2023 FY 23 FY 22 FY23 Approved Budget BUDGET % 07/01/2022 - 06/30/2023 HEA Actual CEA Actual AEA Actual Total Actual (Over) Under Budget to Date FY22 Approved Budget FY22 Actual ALASKA ENERGY AUTHORITY Administrative Costs - - - - - - - - 133 Bradley Battle Creek Diversion Total - - - - - - - - 133 Battle Creek Operating Administrative Costs 5,000 5,000 - - 6,348 6,348 (1,348) 5,000 17,373 Battle Creek Operating Total 5,000 5,000 - - 6,348 6,348 (1,348) 5,000 17,373 Operat Committee Exp-Arbitrage Bradley Lake Operating Administrative Costs - - - - 1,690 1,690 (1,690) - - Bradley Lake Operating Total - - - - 1,690 1,690 (1,690) - - Battle Creek Operating Administrative Costs 2,000 2,000 - - - - 2,000 2,000 1,692 Battle Creek Operating Total 2,000 2,000 - - - - 2,000 2,000 1,692 Trust & Account Fees Bradley Battle Creek Diversion Bradley Battle Creek Diversion Total - - - - - - - - - Battle Creek Operating Administrative Costs 4,800 4,800 - - 4,000 4,000 800 4,800 4,058 Battle Creek Operating Total 4,800 4,800 - - 4,000 4,000 800 4,800 4,058 Misc Admin Battle Creek Operating Administrative Costs 100 100 - - 567 567 (467) 100 654 Battle Creek Operating Total 100 100 - - 567 567 (467) 100 654 Professional Consultants Bradley Lake Operating Bradley Lake Operating Total - - - - - - - - - Battle Creek Operating Labor & Benefits - - - - 24,082 24,082 (24,082) - - Travel - - - - 266 266 (266) - - Contractual - - - - 2,047 2,047 (2,047) - 739 Supplies & Materials - - - - 289 289 (289) - - Other Costs - - - - 73 73 (73) - - Battle Creek Operating Total - - - - 26,758 26,758 (26,758) - 739 FERC 920 & 930 - Administrative Expense Total 54,900 54,900 - - 92,670 92,670 (37,770) 82,900 93,044 FERC 924 & 925 - Insurance Premiums Insurance Premiums Battle Creek Operating Administrative Costs - - 1,265 - 39,357 40,622 (40,622) - 56,628 Battle Creek Operating Total - - 1,265 - 39,357 40,622 (40,622) - 56,628 FERC 924 & 925 - Insurance Premiums Total - - 1,265 - 39,357 40,622 (40,622) - 56,628 FERC 923 - Outside Services Employed Outside Services Employed Battle Creek Operating Consulting-Administrative - - - - 10,364 10,364 (10,364) - - Battle Creek Operating Total - - - - 10,364 10,364 (10,364) - - FERC 923 - Outside Services Employed Total - - - - 10,364 10,364 (10,364) - - 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 - - - - 7,091 7,091 (7,091) - 3,419 Battle Creek Operating Total - - - - 7,091 7,091 (7,091) - 3,419 FERC 928 - Regulatory Commission Expenses Total - - - - 7,091 7,091 (7,091) - 6,745 O&M Allocation to Battle Creek 236,473 236,473 - - - - 236,473 190,710 - Total Battle Creek Budget 417,373 417,373 121,184 2,160 268,368 391,712 25,661 399,610 419,780 Page 10 of 13 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 - 282,774 Total Non R&C Capital Purchases 190,000 49,156 750,000 237,559 - 306,328 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 06/30/23 Page 11 of 13 ALASKA ENERGY AUTHORITY SSQ LINE OPERATIONS & MAINTENANCE SCHEDULE I BUDGET TO ACTUAL EXPENSES FOR THE PERIOD 07/01/2022 THROUGH 06/30/2023 FY 23 FY 22 FY23 Approved Budget BUDGET % 07/01/2022 - 06/30/2023 HEA Actual CEA Actual AEA Actual Total Actual (Over) Under Budget to Date FY22 Approved Budget FY22 Actual Summary by expense type Staff Professional Services (Direct)53,000 53,000 - - 43,058 43,058 9,942 42,000 8,473 Labor & Benefits 56,999 56,999 521 - - 521 56,478 85,820 5,158 Travel - - - - - - - - 404 Contractual 200,000 200,000 12,768 - - 12,768 187,232 250,000 182,178 Permitting - - - - - - - - 2,848 Supplies & Materials 25,000 25,000 - - 2,417 2,417 22,583 56,992 1,561 Other Costs - - - - 1,275 1,275 (1,275) 7,711 1,250 Equipment, Furniture & Machinery - - 29 - - 29 (29) - - Administrative Costs 2,000 2,000 - - 88,902 88,902 (86,902) 2,000 66,128 Total SSQ Line Budget 336,999 336,999 13,318 - 135,651 148,969 188,030 444,523 268,001 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 56,999 521 - - 521 56,478 85,820 5,158 Travel - - - - - - - - 404 Contractual 200,000 200,000 12,768 - - 12,768 187,232 250,000 182,178 Supplies & Materials 25,000 25,000 - - - - 25,000 56,992 1,561 Other Costs - - - - - - - 7,711 - Equipment, Furniture & Machinery - - 29 - - 29 (29) - - SSQ Line Operating Total 281,999 281,999 13,318 - - 13,318 268,681 400,523 189,301 FERC 571 - Maintenance of Overhead Lines Total 281,999 281,999 13,318 - - 13,318 268,681 400,523 189,301 FERC 920 & 930 - Administrative Expense AEA Bradley Fixed Admin Fees SSQ Capital Acquisition SSQ Capital Acquisition Total - - - - - - - - - SSQ Line Operating Staff Professional Services (Direct)53,000 53,000 - - 43,058 43,058 9,942 42,000 8,473 Supplies & Materials - - - - 2,417 2,417 (2,417) - - Administrative Costs - - - - 86,902 86,902 (86,902) - 39,776 SSQ Line Operating Total 53,000 53,000 - - 132,376 132,376 (79,376) 42,000 48,250 General & Administrative Costs General & Administrative Costs Total - - - - - - - - - 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 2,000 - - 2,000 2,000 - 2,000 2,000 SSQ Line Operating Total 2,000 2,000 - - 2,000 2,000 - 2,000 2,000 FERC 920 & 930 - Administrative Expense Total 55,000 55,000 - - 134,376 134,376 (79,376) 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 336,999 336,999 13,318 - 135,651 148,969 188,030 444,523 268,001 Page 12 of 13 Source Construction Funds at 12/17/20 Investment Expenses Calculated Capital Reserve at 12/17/20 Purchase of HEA SSQ Line Released from Capital Reserve Total Available Funding SSQ Line Series 10 Bond Proceeds 17,000,000 (225,252) (1,239,986) (13,566,179) 810,478 2,779,061 SSQ Line Bond Series 10 Funded Capital Projects Project Total Funding Project Budget Encumbered Total Actual Costs (Over) / Under Project Budget to Date SSQ Line - 69kV Remediation SSQ 1,545,814 - 1,239,254 313,644 SSQ Line Due Diligence Inspect/Repair O/S Fire ZNE SSQ 175,000 - 2,350 172,650 Total SSQ Line Projects 2,779,061 1,720,814 - 1,241,604 486,295 Source Construction Funds at 11/30/22 Investment Expenses Calculated Capital Reserve at 11/30/22 Earnings (Interest Income) Released from Capital Reserve Total Available Funding Required Project Work Bond Series 11 Funding 166,013,134 (157,250) (12,454,346) 3,116,348 - 156,517,886 BESS Required Project Work Bond Series 11 Funded Capital Projects Allocate Total Funding Project Budget Encumbered Total Actual Costs (Over) / Under Project Budget to Date BRADLEY HEA BESS Preliminary Study 35% 54,781,260 75,000 22,725 706 74,294 Total BESS Capital Projects 54,781,260 75,000 22,725 706 74,294 Transmission Required Project Work Bond Series 11 Funded Capital Projects Allocate Total Funding Project Budget Encumbered Total Actual Costs (Over) / Under Project Budget to Date 65% 101,736,626 - - - - Total Transmission Capital Projects 101,736,626 - - - - Total Required Project Work 156,517,886 75,000 22,725 706 74,294 2,779,061 ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT Capital Projects Funded by Bond Proceeds Appendix A 06/30/23 Page 13 of 13 Page 1 of 2 Bradley Operation and Dispatch Committee Report July 2023 Meeting Dates: July 21, 2023 (at Bradley Lake) Notable Discussions and Items: 2023-2024 Water Year Inflows and scheduling: Utility generation plans are being updated to reflect the postponement of CEA’s Indian- Girdwood 115kV transmission upgrade and consequential islanding of the Kenai Peninsula. This work is now anticipated to not occur until the 2024-2025 water year. Lake level continues to rise and is currently at a level normally experienced this time of year. Lightning Arrestor replacement plan: On June 16th, a lightning arrestor at the Bradley end of the Bradley to Homer 115kV transmission line failed, resulting in a transmission outage lasting approximately 36 hours. HEA provide a spare and enabled the transmission line to return to service. HEA researched replacement and spare options as well as provided a quote for the labor required for installation as preventative maintenance measure. The cost for six replacements and three spares will be $25,000. The labor for installation of all six is estimated to be $50,000 and take about 4 days. Lead time on the selected arrestors is 21 weeks. The O&D gave their approval to proceed with procuring nine arrestors so that three can be kept as critical spares. Installation is expected to coincide with the next scheduled plant outage, unless another arrestor fails sooner. The next scheduled outage is in the Spring of 2024. Page 2 of 2 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.  CEA investigating methodology for placing units in condense vs. Off.  CEA & HEA investigating inability of Bradley breakers to close into grid. Next Meeting: August 25, 2023