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2023-10-13 BPMC Agenda and docs
BRADLEY LAKE PROJECT MANAGEMENT COMMITTEE MEETING AGENDA Friday September 29, 2023 October 6, 2023 10:00 am RESCHEDULED TO October 13, 2023 1:30 pm – 3:30 pm 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 – July 28, 2023 7. NEW BUSINESS - NONE 8. OLD BUSINESS A. Sterling to Soldotna Budget Discussion B. 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 – December 8, 2023 14. ADJOURNMENT Bradley Lake Project Management Commitee Report on Railbelt Regional Coordina�on Overview: The Bradley Lake Project Management Commitee has two primary objec�ves: 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 par�cipants. Addi�onally, the commitee aims to eliminate large-scale, small signal instability oscilla�ons that occur when the Bradley Project interacts with the summer valley during low lake levels. To achieve these goals, the commitee has developed a high-level regional transmission plan called the Grid Moderniza�on and Resiliency Plan (GMRP). The implementa�on 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 disrup�ve events. Moreover, the modernized grid will facilitate the transfer of more power between regions, reduce thermal reserves, reduce fuel burn, and reduce carbon emissions. Addi�onally, the upgraded grid will have an improved capacity to integrate variable clean energy sources. The following report provides a summary of our ac�vi�es related to this effort during the months of July, August, and September. I was on annual leave September 11 – 16 and September 22 - 25. Contractors currently under contract: • Richard Lum of Vision Foresight Strategies was engaged to facilitate and assist in drafting the summary report. • The Davis Constructors “Megan Room” was under contract to host the meeting on August 28. Grant Applications: As of October 2, there has been no update from DOE on our GRIP applica�ons. There was a slowdown of ac�vity at DOE as they prepared for the poten�al of the narrowly averted government shutdown. We con�nue to monitor the GRIP applica�ons with our Brownstein team on a weekly basis. Governors Energy Task force: As noted in my last email, Tony Izzo, Chair of the Governor's Energy Task Force (GETF) Railbelt subcommitee, tasked me with ini�a�ng a planning process to develop the Railbelt input for the State's Energy Security Plan. On August 28th we hosted a facilitated brainstorming mee�ng with representa�ves of policy and technical members of the BPMC. The mee�ng was facilitated by Richard Lum of Vision Foresight Strategies LLC. In addi�on, Dave Burlingame and Clare Boersma atended to provide non-u�lity AEA technical and policy perspec�ves on the discussions. The outcome was dis�lled into recommenda�ons submited to the Chair Izzo for review by the GETF Railbelt subcommitee. Activity Summary: • Completed the dra�ing of transmission reform documents and alterna�ve wheeling structures, which now include a dra� financial model and white paper. I am finalizing scope for GDS review and will be gathering financial data to populate the model. o Collaborated on content with Gwen Holdmann, focusing on the Iceland model concept. • Finished a dra� descrip�on merging the Alaska Inter�e reconstruc�on with the GVEA New Era proposal, ensuring compa�bility with GRIP. • Par�cipated and presented at the APA mee�ng in Valdez. • Atended the Na�onal Transmission Planning Study update webinar. • Atended the AEDC 3-year outlook luncheon (paid for by NuVisionFCU). • Developed a Transmission Reform presenta�on and delivered August 11 Rum mee�ng. • Con�nued suppor�ng the scope charter's strike team efforts. • Collaborated further with General Counsel Joel Paisner and the Budget and Finance Commitee on the BESS agreements; reviewed the most recently completed a dra� lease agreement. • Convened with the Brownstein Hyat team in Anchorage to explore poten�al strategies for an earmark benefi�ng the BPMC's Grid moderniza�on planning efforts. • As necessary, updated the Federal delega�on and State staff regarding our progress on GRIP, the BESS projects, and transmission reform. • Completed my annual review with BPMC Chair Janorschke during the APA annual mee�ng in Valdez. Looking Forward: • As noted above, the second round of GRIP funding is imminent. I'm collaborating with Brownstein to understand its structure: will we need new concept papers, or just applications? • The Brownstein team is preparing a comprehensive monthly report and strategy outline for the team's review. • With the DOE allocating $300M to hasten transmission permitting, I plan to examine this FOA's relevance to the GRIP/GMRP process. • The DOE has $9 million to study electricity market improvements. I’ll be reachin6-23g out to Brownstein to help us determine if the funds could be used for work on transmission reform despite the absence of competitive markets in the Railbelt. Other Activities: Provide updates on the progress of the S-Q line rebuild. My regular updates to the staff of the federal delega�on and the Special Assistant to the Governor have been hampered by summer-fall travel schedules. They will resume on a regular basis in November. Bradley Lake Operator Report Page 1 Bradley Lake Operator Report BPMC September 29, 2023 Unit Statistics: Generation Unit 1 (MWhrs)Unit 2 (MWhrs)Total (MWhrs) July 2023 Aug. 2023 Sept. 2023* 16,817 17,764 14,993 15,296 13,742 11,978 32,113 31,506 26,971 Hydraulics Avg. Lake Level (ft.)Bradley Fishwater (ac ft.) Battle Creek MIF (ac ft.) July 2023 Aug. 2023 Sept. 2023* 1,134 1,154 1,169 4,808 5,771 4,088 991 1,043 674 Battle Creek Inflows to Bradley (ac ft.) July 2023 Aug. 2023 Sept. 2023* 12,058 12,059 5,366 *Lake Level – 1,170.6’ As of Sept. 25, 2023 Activities Dam – Completed the monthly safety inspections. DOWL completed the yearly Dam Safety Operator Training. Dam Access Road –Repairing the water bars and cleaning the drainage ditches along the length of the road. Battle Creek Diversion – DOWL has started setting boundary survey monuments. Bradley Lake new housing –Completed the foundation, in slab plumbing, outer walls, roof and vapor barrier. Working on installing windows, doors, and siding. Expecting bids on the electrical, heating, and sheetrock work. Needle Valve purchase – On Schedule. Drawing are complete and material procurement is in progress. 40 Ton Crane – Some repairs were made at the time of inspection. Contractor is ordering parts and scheduling visits to complete the work. Fire system- We are reviewing the request for bid packages. Lower Bradley River Barge Link- Crew visited the Lower Bradley River Barge Link site to inspect the sites reporting equipment. Bradley Lake Operator Report Page 2 Safety- There have been no lost time or reportable accidents for the months of July, August, and as of this date in September 2023. Safety meeting was conducted on 20 September 2023. Next safety meeting is 18 October 2023. New Equipment- Telehandler all terrain forklift and the loader mounted boom mower are on order. Est. delivery; forklift- Nov 2023, boom mower- April 2024. Barge trip – No barges scheduled at this time. Forced outage –None to report. Spring Outage – March 2-15, 2024 Scheduled visitors: o HEA- Charlene Flyum human resources to review open enrolment on 25 Oct. 2023 for HEA benefits. Contractors/ Visitors on site: o HEA- Ike Snow project tour. o HEA- Larry Jorgensen out for the Safety Meeting on 9 Aug. and 20 Sept. 2023. o HEA- Brad Janorschke out for the Safety Meeting 9 Aug. 2023. o Homer Plumbing completed the in-slab work on the new residence. o Bridge Creek Construction for foundation work on new residence. o Statewide crane was out doing preliminary work and inspection to the 40- ton mobile crane. o Big State Contracting to start construction of the new residence. o ADFG out to inspect and service the fish weir/counting station. Comes every Tuesday through 25 Oct. o Davis Ingam, Anna Kohler, Brenden Rau, Ryan Wood, Robert James, Conducted the loss control insurance inspection on 24 Aug 2023. o Washington Crane completed the annual crane and hoist inspections. o Abby Dekoekkoek from Homer Soil and Water Conservation District completed the invasive weed control treatment for the year. o AEA Bill Price out for a site visit with DOWL. o HEA Jason Kirby and Kathy Heindl working on the ION meter. o DOWL- Willie Stoll setting Battle Creek survey monuments. o AEA- conducted a tour of Bradley Project on 6 Sept. 2023. o HEA- Charlene Flyum human resources to review open enrolment on 25 Oct. 2023 for HEA benefits. Bradley Lake Operator Report Page 3 BRADLEY LAKE 26 Sept 23 Level 1170.4 Bradley Lake Operator Report Page 4 New Residence Construction Bradley Lake Operator Report Page 5 Cement Trucks Leaving the Barge Bradley Lake Operator Report Page 6 House Package leaving the factory. House Package coming off the Barge at Bradley Bradley Lake Operator Report Page 7 Walls going up. Trusses going on. Bradley Lake Operator Report Page 8 Roof on and House wrapped. Windows, Siding & Trim Alaska Energy Authority Bradley Lake Budget to Actual Expenses 07/01/2023 to 08/31/2023 Page 1 of 13 FY22 FY22 FY23 FY23 FY24 FY24 BUDGET ACTUALS BUDGET ACTUALS BUDGET ACTUALS Upgrade Crews Quarters and Residents Kitchen 139,000 7,318 159,000 67,395 - - Battle Creek Bridge Repair 80,000 112,337 - - - - IRIS Air Gap Monitoring System (computer) 45,000 86,805 65,000 18,491 - - Replace Dump Truck and Sander 20,000 - - 29,493 - - Heavy Duty trailer for equipment 20,000 - 20,000 20,000 - - ABB Replace GIS Actuators 240,000 - 309,000 310,245 - - 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 - - 500,000 280,356 518,000 - 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 10,200 Total Non R&C Capital Purchases 909,000 236,264 1,558,000 1,262,914 948,000 10,200 BRADLEY LAKE CAPITAL PURCHASES NOT FUNDED BY R&C FUND ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT Schedule A Expenses for the period 07/01/23 to 08/31/23 Page 2 of 13 ALASKA ENERGY AUTHORITY BRADLEY LAKE OPERATIONS & MAINTENANCE SCHEDULE B BUDGET TO ACTUAL EXPENSES FOR THE PERIOD 07/01/2023 THROUGH 08/31/2023 FY 24 FY 23 FY24 Approved Budget BUDGET % 07/01/2023 - 08/31/2023 HEA Actual CEA Actual AEA Actual Total Actual (Over) Under Budget to Date FY23 Approved Budget FY23 Actual Summary by expense type Staff Professional Services (Direct)387,700 64,617 - - - - 64,617 277,000 289,268 Labor & Benefits 2,023,067 337,178 77,562 - 112,777 190,339 146,838 1,997,876 1,801,438 Travel 78,500 13,083 408 - 5,791 6,199 6,885 84,950 12,894 Training 50,000 8,333 219 - - 219 8,115 49,300 19,549 Contractual 1,181,381 196,897 32,327 - 9,600 41,927 154,970 1,215,727 1,068,101 Consulting-Administrative 265,000 44,167 - - 14,760 14,760 29,407 249,375 248,684 Supplies & Materials 330,332 55,055 10,947 - - 10,947 44,108 329,232 133,087 Other Costs 79,318 13,220 2,856 2,353 - 5,209 8,011 79,318 64,623 Equipment, Furniture & Machinery 165,000 27,500 - - - - 27,500 24,000 7,877 Administrative Costs 1,553,800 258,967 3,064 - 207,729 210,793 48,174 1,492,905 1,549,774 Indirect Costs 1,480,105 246,684 106,887 - - 106,887 139,797 1,486,285 1,364,672 O&M 4% Allocation to Battle Creek (303,768) (50,628) - - - - (50,628) (190,710) - Total Bradley Lake Budget 7,290,435 1,215,073 234,269 2,353 350,656 587,279 627,793 7,095,258 6,559,966 FERC 535 - Operation Supervision & Engineering Operations Sup/Eng Bradley Lake Operating Labor & Benefits 105,451 17,575 8,996 - - 8,996 8,580 108,311 112,787 Travel 5,000 833 408 - - 408 426 10,450 590 Training 5,000 833 - - - - 833 9,300 - Contractual 3,000 500 - - - - 500 1,000 - Supplies & Materials 4,000 667 - - - - 667 4,000 314 Indirect Costs 155,698 25,950 12,417 - - 12,417 13,533 155,698 150,349 Bradley Lake Operating Total 278,149 46,358 21,820 - - 21,820 24,538 288,759 264,040 FERC 535 - Operation Supervision & Engineering Total 278,149 46,358 21,820 - - 21,820 24,538 288,759 264,040 FERC 537 - Hydraulic Expenses Hydraulic Expenses Bradley Lake Operating Labor & Benefits 95,262 15,877 5,812 - - 5,812 10,065 90,192 75,953 Contractual 60,000 10,000 - - - - 10,000 123,000 87 Supplies & Materials 2,000 333 - - - - 333 32,000 1,804 Indirect Costs 109,250 18,208 8,385 - - 8,385 9,824 114,320 105,908 Bradley Lake Operating Total 266,512 44,419 14,197 - - 14,197 30,222 359,512 183,752 FERC 537 - Hydraulic Expenses Total 266,512 44,419 14,197 - - 14,197 30,222 359,512 183,752 FERC 538 - Electric Expenses Electric Expenses Bradley Lake Operating Labor & Benefits 218,044 36,341 16,196 - - 16,196 20,144 218,044 228,803 Travel 7,000 1,167 - - - - 1,167 7,000 2,039 Training 30,000 5,000 219 - - 219 4,781 25,000 17,786 Contractual 5,000 833 - - - - 833 2,000 - Supplies & Materials 13,732 2,289 - - - - 2,289 9,732 4,319 Indirect Costs 262,004 43,667 19,488 - - 19,488 24,180 262,004 256,573 Bradley Lake Operating Total 535,780 89,297 35,903 - - 35,903 53,394 523,780 509,520 FERC 538 - Electric Expenses Total 535,780 89,297 35,903 - - 35,903 53,394 523,780 509,520 FERC 539 - Misc. Hydraulic Power Generation Expenses Misc Hydro Power Exp Bradley Lake Operating Labor & Benefits 105,742 17,624 6,376 - - 6,376 11,247 105,742 90,508 Training 15,000 2,500 - - - - 2,500 15,000 1,009 Contractual 360,067 60,011 23,714 - - 23,714 36,297 315,867 229,130 Supplies & Materials 25,000 4,167 695 - - 695 3,472 17,900 20,976 Indirect Costs 114,320 19,053 9,366 - - 9,366 9,688 114,320 120,737 Bradley Lake Operating Total 620,129 103,355 40,152 - - 40,152 63,203 568,829 462,360 BRADLEY CIRCUITS/RADIO TO BERNICE LK Other Costs 35,695 5,949 2,856 - - 2,856 3,093 35,695 34,149 BRADLEY CIRCUITS/RADIO TO BERNICE LK Total 35,695 5,949 2,856 - - 2,856 3,093 35,695 34,149 BRADLEY CIRCUITS BERNICE LK TO ANCH Other Costs 29,773 4,962 - 2,353 - 2,353 2,609 29,773 28,471 BRADLEY CIRCUITS BERNICE LK TO ANCH Total 29,773 4,962 - 2,353 - 2,353 2,609 29,773 28,471 FERC 539 - Misc. Hydraulic Power Generation Expenses Total 685,597 114,266 43,007 2,353 - 45,360 68,906 634,297 524,980 FERC 541 - Maintenance Supervision & Engineering Maint Supervision/Eng Bradley Lake Operating Labor & Benefits 110,451 18,409 8,996 - - 8,996 9,413 116,171 113,497 Indirect Costs 155,698 25,950 12,417 - - 12,417 13,533 155,698 150,349 Bradley Lake Operating Total 266,149 44,358 21,413 - - 21,413 22,946 271,869 263,847 FERC 541 - Maintenance Supervision & Engineering Total 266,149 44,358 21,413 - - 21,413 22,946 271,869 263,847 FERC 542 - Maintenance of Structures Maintenance of Structures Bradley Lake Operating Labor & Benefits 89,710 14,952 5,029 - - 5,029 9,923 86,639 69,437 Contractual 56,000 9,333 - - - - 9,333 56,000 59,713 Supplies & Materials 78,000 13,000 - - - - 13,000 94,000 9,592 Equipment, Furniture & Machinery 15,000 2,500 - - - - 2,500 19,000 6,693 Indirect Costs 102,350 17,058 7,389 - - 7,389 9,670 105,421 96,693 Bradley Lake Operating Total 341,060 56,843 12,418 - - 12,418 44,426 361,060 242,128 FERC 542 - Maintenance of Structures Total 341,060 56,843 12,418 - - 12,418 44,426 361,060 242,128 FERC 543 - Maintenance of Reservoirs, Dams & Waterways Maint Res, Dams, WWays Bradley Lake Operating Labor & Benefits 51,783 8,631 362 - - 362 8,268 53,744 1,507 Travel - - - - - - - 1,000 - Contractual 6,500 1,083 - - - - 1,083 22,500 5,114 Supplies & Materials 20,000 3,333 - - - - 3,333 20,000 - Page 3 of 13 ALASKA ENERGY AUTHORITY BRADLEY LAKE OPERATIONS & MAINTENANCE SCHEDULE B BUDGET TO ACTUAL EXPENSES FOR THE PERIOD 07/01/2023 THROUGH 08/31/2023 FY 24 FY 23 FY24 Approved Budget BUDGET % 07/01/2023 - 08/31/2023 HEA Actual CEA Actual AEA Actual Total Actual (Over) Under Budget to Date FY23 Approved Budget FY23 Actual Indirect Costs 58,650 9,775 484 - - 484 9,291 56,689 1,511 Bradley Lake Operating Total 136,933 22,822 846 - - 846 21,976 153,933 8,132 BRADLEY POWER TUNNEL MAINT (Dam) Contractual 15,000 2,500 - - - - 2,500 - - BRADLEY POWER TUNNEL MAINT (Dam) Total 15,000 2,500 - - - - 2,500 - - FERC 543 - Maintenance of Reservoirs, Dams & Waterways Total 151,933 25,322 846 - - 846 24,476 153,933 8,132 FERC 544 - Maintenance of Electric Plant Maintenance of Elec Plant Bradley Lake Operating Labor & Benefits 309,110 51,518 20,116 - - 20,116 31,402 309,110 276,280 Travel 4,500 750 - - - - 750 4,500 - Contractual 40,000 6,667 3,273 - - 3,273 3,394 58,000 3,180 Supplies & Materials 40,000 6,667 10,211 - - 10,211 (3,544) 43,000 28,310 Indirect Costs 423,178 70,530 29,554 - - 29,554 40,976 423,178 384,985 Bradley Lake Operating Total 816,788 136,131 63,153 - - 63,153 72,978 837,788 692,754 FERC 544 - Maintenance of Electric Plant Total 816,788 136,131 63,153 - - 63,153 72,978 837,788 692,754 FERC 545 - Maintenance of Misc. Hydraulic Plant Maint of Misc Hydr Plant Bradley Lake Operating Labor & Benefits 69,297 11,550 5,029 - - 5,029 6,520 69,297 70,628 Contractual 45,000 7,500 - - - - 7,500 3,900 7,276 Supplies & Materials 68,000 11,333 41 - - 41 11,292 29,000 41,166 Equipment, Furniture & Machinery 150,000 25,000 - - - - 25,000 5,000 1,184 Indirect Costs 98,957 16,493 7,389 - - 7,389 9,104 98,957 97,565 Bradley Lake Operating Total 431,254 71,876 12,459 - - 12,459 59,417 206,154 217,819 FERC 545 - Maintenance of Misc. Hydraulic Plant Total 431,254 71,876 12,459 - - 12,459 59,417 206,154 217,819 FERC 556 - System Control & Load Dispatching System Cntl & Load Disp Bradley Lake Operating Labor & Benefits 20,174 3,362 650 - - 650 2,712 20,174 22,342 Contractual 85,500 14,250 170 - - 170 14,080 85,500 97,154 Supplies & Materials 12,000 2,000 - - - - 2,000 12,000 4,242 Bradley Lake Operating Total 117,674 19,612 820 - - 820 18,792 117,674 123,738 Snow Measurement Bradley Lake Operating Contractual 10,000 1,667 - - 9,600 9,600 (7,933) 10,000 9,600 Bradley Lake Operating Total 10,000 1,667 - - 9,600 9,600 (7,933) 10,000 9,600 Seismic Service Bradley Lake Operating Contractual 62,000 10,333 - - - - 10,333 62,000 63,456 Bradley Lake Operating Total 62,000 10,333 - - - - 10,333 62,000 63,456 Streamguaging Serv Bradley Lake Operating Contractual 278,014 46,336 - - - - 46,336 218,000 191,173 Bradley Lake Operating Total 278,014 46,336 - - - - 46,336 218,000 191,173 Permits Bradley Lake Operating Other Costs 350 58 - - - - 58 350 240 Bradley Lake Operating Total 350 58 - - - - 58 350 240 FERC 556 - System Control & Load Dispatching Total 468,038 78,006 820 - 9,600 10,420 67,586 408,024 388,208 FERC 562 - Station Expenses Station Expenses Bradley Lake Operating Labor & Benefits 102,043 17,007 - - - - 17,007 98,418 58,186 Travel 3,500 583 - - - - 583 3,500 - Contractual 80,300 13,383 5,170 - - 5,170 8,213 87,960 63,979 Supplies & Materials 19,600 3,267 - - - - 3,267 44,600 9,918 Other Costs 1,500 250 - - - - 250 1,500 - Bradley Lake Operating Total 206,943 34,491 5,170 - - 5,170 29,321 235,978 132,082 FERC 562 - Station Expenses Total 206,943 34,491 5,170 - - 5,170 29,321 235,978 132,082 FERC 571 - Maintenance of Overhead Lines Maint of OH Lines Bradley Lake Operating Labor & Benefits 16,000 2,667 - - - - 2,667 39,954 39,373 Contractual 75,000 12,500 - - - - 12,500 150,000 171,636 Supplies & Materials 30,000 5,000 - - - - 5,000 5,000 1,108 Bradley Lake Operating Total 121,000 20,167 - - - - 20,167 194,954 212,117 FERC 571 - Maintenance of Overhead Lines Total 121,000 20,167 - - - - 20,167 194,954 212,117 FERC 920 & 930 - Administrative Expense AEA Bradley Fixed Admin Fees Bradley Lake Operating Staff Professional Services (Direct)387,700 64,617 - - - - 64,617 277,000 270,305 Travel - - - - 5,791 5,791 (5,791) - 3,888 Training - - - - - - - - 754 Consulting-Administrative - - - - - - - - 2,390 Supplies & Materials - - - - - - - - 4,246 Administrative Costs 2,500 417 - - - - 417 2,500 166,004 Bradley Lake Operating Total 390,200 65,033 - - 5,791 5,791 59,242 279,500 447,588 Bradley Lake Bond Financing Staff Professional Services (Direct)- - - - - - - - 18,962 Bradley Lake Bond Financing Total - - - - - - - - 18,962 BRADLEY HEA BESS Preliminary Study BRADLEY HEA BESS Preliminary Study Total - - - - - - - - - General & Administrative Costs Supplies & Materials - - - - - - - - 154 Administrative Costs - - - - - - - - (350) Page 4 of 13 ALASKA ENERGY AUTHORITY BRADLEY LAKE OPERATIONS & MAINTENANCE SCHEDULE B BUDGET TO ACTUAL EXPENSES FOR THE PERIOD 07/01/2023 THROUGH 08/31/2023 FY 24 FY 23 FY24 Approved Budget BUDGET % 07/01/2023 - 08/31/2023 HEA Actual CEA Actual AEA Actual Total Actual (Over) Under Budget to Date FY23 Approved Budget FY23 Actual General & Administrative Costs Total - - - - - - - - (196) Operating Committee Exp-Audit Bradley Lake Operating Administrative Costs 22,000 3,667 - - - - 3,667 19,900 32,520 Bradley Lake Operating Total 22,000 3,667 - - - - 3,667 19,900 32,520 Operating Committee Exp-Legal Bradley Lake Operating Administrative Costs 80,000 13,333 - - 14,459 14,459 (1,125) 70,000 153,966 Bradley Lake Operating Total 80,000 13,333 - - 14,459 14,459 (1,125) 70,000 153,966 Operat Committee Exp-Arbitrage Bradley Lake Operating Administrative Costs - - - - - - - 5,000 - Bradley Lake Operating Total - - - - - - - 5,000 - Trust & Account Fees Bradley Lake Operating Administrative Costs 13,000 2,167 - - - - 2,167 13,000 - Bradley Lake Operating Total 13,000 2,167 - - - - 2,167 13,000 - Misc Admin Bradley Lake Operating Administrative Costs 13,000 2,167 - - - - 2,167 12,000 13,604 Bradley Lake Operating Total 13,000 2,167 - - - - 2,167 12,000 13,604 Professional Consultants Bradley Lake Operating Labor & Benefits 730,000 121,667 - - 112,777 112,777 8,890 682,080 642,139 Travel 58,500 9,750 - - - - 9,750 58,500 6,376 Contractual - - - - - - - 20,000 166,602 Consulting-Administrative - - - - - - - - 4,458 Supplies & Materials 18,000 3,000 - - - - 3,000 18,000 6,940 Other Costs 12,000 2,000 - - - - 2,000 12,000 1,762 Bradley Lake Operating Total 818,500 136,417 - - 112,777 112,777 23,640 790,580 828,277 FERC 920 & 930 - Administrative Expense Total 1,336,700 222,783 - - 133,027 133,027 89,757 1,189,980 1,494,722 FERC 924 & 925 - Insurance Premiums Insurance Premiums Bradley Lake Operating Administrative Costs 1,138,300 189,717 3,064 - 191,506 194,570 (4,853) 1,015,505 974,625 Bradley Lake Operating Total 1,138,300 189,717 3,064 - 191,506 194,570 (4,853) 1,015,505 974,625 FERC 924 & 925 - Insurance Premiums Total 1,138,300 189,717 3,064 - 191,506 194,570 (4,853) 1,015,505 974,625 FERC 923 - Outside Services Employed Outside Services Employed Bradley Lake Operating Consulting-Administrative 265,000 44,167 - - 14,760 14,760 29,407 249,375 241,836 Bradley Lake Operating Total 265,000 44,167 - - 14,760 14,760 29,407 249,375 241,836 FERC 923 - Outside Services Employed Total 265,000 44,167 - - 14,760 14,760 29,407 249,375 241,836 FERC 928 - Regulatory Commission Expenses FERC Admin Fees Bradley Lake Operating Administrative Costs 165,000 27,500 - - - - 27,500 150,000 126,085 Bradley Lake Operating Total 165,000 27,500 - - - - 27,500 150,000 126,085 FERC Related Prof Services BRADLEY FERC PART 12 INSPECTION Administrative Costs - - - - - - - 25,000 435 BRADLEY FERC PART 12 INSPECTION Total - - - - - - - 25,000 435 BRADLEY CONTRACTUAL ENGINEER-FERC LICENSE ISSUES Administrative Costs 120,000 20,000 - - 1,764 1,764 18,236 180,000 82,883 BRADLEY CONTRACTUAL ENGINEER-FERC LICENSE ISSUES Total 120,000 20,000 - - 1,764 1,764 18,236 180,000 82,883 FERC 928 - Regulatory Commission Expenses Total 285,000 47,500 - - 1,764 1,764 45,736 355,000 209,404 O&M 4% Allocation to Battle Creek (303,768) (50,628) - - - - (50,628) (190,710) - Total Bradley Lake Budget 7,290,435 1,215,073 234,269 2,353 350,656 587,279 627,793 7,095,258 6,559,966 Page 5 of 13 Actual Projected Actual Projected Actual Projected @ 6/30/22 TO REPAY Budget @ 6/30/23 TO REPAY Budget @ 6/30/24 TO REPAY Budget Description Expense @6/30/22 FY22 Expense @6/30/23 FY23 Expense @6/30/24 FY24 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 28,593 134,225 150,000 3,173 137,397 1,500,000 - 137,397 1,338,000 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 342,330 342,330 - - 342,330 - - 342,330 - Battle Creek Construction - 3,739,591 - - 3,739,591 - - 3,739,591 - Battle Creek Cash Call-Expended - 750,000 - - 750,000 - - 750,000 - Battle Creek Cash Call-Paid by Utilities - (750,000) - - (750,000) - - (750,000) - Needle Repairs - 1,482,791 - - 1,482,791 - - 1,482,791 - Construct Additional Residence 69,594 69,594 980,000 125,175 194,769 - - 194,769 910,000 Spillway Raise & Expansion Project (aka Dixon Diversion)**547,699 547,699 800,000 661,031 1,208,731 1,500,000 (68,313) 1,140,418 252,000 Needle Valve Rebuild - - - - - - - - 1,579,535 988,217 33,295,609 1,930,000 789,379 34,084,987 3,000,000 (68,313) 34,016,674 4,079,535 Current Year R&C Repayment (2,435,902) (2,757,013) (3,338,646) Adjust balance to $5 million - - - Interest in Fund Applied to Repayment (42,921) (100,912) (30,563) Net Transfer from Revenue Fund (2,478,823) (2,857,925) (3,369,209) Cumulative Prior Years R&C Repayments (27,707,352) (29,808,017) (31,677,137) Due to (from) Utilities 378,159 988,805 1,620,180 Adjust Due to R&C Actual - - - (27,329,193) (28,819,211) (30,056,957) NET DUE TO R&C FUND 3,487,592 2,407,851 590,509 R&C FUND CASH FLOW PROJECTION Beginning Investment Balance 1,069,523 2,363,808 4,370,333 Disbursements-current year -Accrual (514,976) - - Disbursements-prior year accrued (379,977) (473,241) (789,379) Utilities' R&C Refund (289,586) (378,159) (988,805) Net other cash inflow(outflow) - - - Current year interest earnings 42,921 100,912 30,563 Participants Contributions to R&C Fund 2,435,902 2,757,013 3,338,646 Ending Investment Balance 2,363,808 4,370,333 5,961,358 Accrued Due to (from) Utilities (378,159) (988,805) (1,620,180) R&C payable back to the revenue fund - - - Accrued R&C vendor Payable at Year End (473,241) (789,379) 68,313 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 1,140,418 $756,665.11 x 25% all 4 years Paid with Renewable Energy Fund Grant 262,870 $1,455,830.05 x 25% all 4 years Total Project Cost at 8/31/23 1,403,288 $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) $1,715,556.80 x 25% all 4 years (FY19) 4th 428,889 $412,050.13 x 25% all 4 years (FY20) 3rd 103,013 4th 103,013 $5,286,834.31 x 25% all 4 years (FY21) 2nd 1,321,709 3rd 1,321,709 4th 1,321,709 FY22 ACTUALS 1st 247,054 2nd 247,054 3rd 247,054 1st 197,345 2nd 197,345 1st (17,078) 2,100,664 1,869,120 1,749,029 BRADLEY LAKE R&C FUND DISBURSEMENTS AND REPAYMENTS SCHEDULE D Expenses for the period 07/01/23 to 08/31/23 Page 6 of 13 FY22 FY22 FY23 FY23 FY24 FY24 Budget Actual Budget Actual Budget Actual Battle Creek Diversion - - - - - - Battle Creek Associated Costs 15,000 22,196 15,000 11,986 15,000 - 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 - - - - Survey and Monument DNR Lease - - - - 150,000 - Total Non R&C Capital Purchases 115,000 57,628 90,000 71,423 165,000 - 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 07/01/23 to 08/31/23 Page 7 of 13 BATTLE CREEK OPERATIONS & MAINTENANCE SCHEDULE F BUDGET TO ACTUAL EXPENSES FOR THE PERIOD 07/01/2023 THROUGH 08/31/2023 FY 24 FY 23 FY24 Approved Budget BUDGET % 07/01/2023 - 08/31/2023 HEA Actual CEA Actual AEA Actual Total Actual (Over) Under Budget to Date FY23 Approved Budget FY23 Actual Summary by expense type Staff Professional Services (Direct)50,000 8,333 - - - - 8,333 - 58,017 Labor & Benefits - - 3,232 - 4,699 7,931 (7,931) - 82,339 Travel - - 17 - 302 319 (319) - 537 Training - - 9 - - 9 (9) - 940 Contractual 125,000 20,833 1,347 - 400 1,747 19,086 126,000 164,132 Consulting-Administrative - - - - 615 615 (615) - 17,560 Supplies & Materials - - 456 - - 456 (456) - 5,862 Other Costs - - 119 98 - 217 (217) - 2,920 Equipment, Furniture & Machinery - - - - - - - - 346 Administrative Costs 11,500 1,917 128 - 8,655 8,783 (6,866) 54,900 78,084 Indirect Costs - - 4,454 - - 4,454 (4,454) - 62,821 O&M 4% Allocation to Battle Creek 303,768 50,628 - - - - 50,628 190,710 - Total Battle Creek Budget 490,268 81,711 9,761 98 14,672 24,531 57,180 371,610 473,557 FERC 535 - Operation Supervision & Engineering Operations Sup/Eng Battle Creek Operating Labor & Benefits - - 375 - - 375 (375) - 5,090 Travel - - 17 - - 17 (17) - 25 Supplies & Materials - - - - - - - - 13 Indirect Costs - - 517 - - 517 (517) - 6,803 Battle Creek Operating Total - - 909 - - 909 (909) - 11,931 FERC 535 - Operation Supervision & Engineering Total - - 909 - - 909 (909) - 11,931 FERC 537 - Hydraulic Expenses Hydraulic Expenses Battle Creek Operating Labor & Benefits - - 242 - - 242 (242) - 3,557 Contractual 70,000 11,667 - - - - 11,667 81,000 65,278 Supplies & Materials - - - - - - - - 75 Indirect Costs - - 349 - - 349 (349) - 4,911 Battle Creek Operating Total 70,000 11,667 592 - - 592 11,075 81,000 73,821 FERC 537 - Hydraulic Expenses Total 70,000 11,667 592 - - 592 11,075 81,000 73,821 FERC 538 - Electric Expenses Electric Expenses Battle Creek Operating Labor & Benefits - - 675 - - 675 (675) - 10,507 Travel - - - - - - - - 85 Training - - 9 - - 9 (9) - 867 Supplies & Materials - - - - - - - - 184 Indirect Costs - - 812 - - 812 (812) - 11,814 Battle Creek Operating Total - - 1,496 - - 1,496 (1,496) - 23,457 FERC 538 - Electric Expenses Total - - 1,496 - - 1,496 (1,496) - 23,457 FERC 539 - Misc. Hydraulic Power Generation Expenses Misc Hydro Power Exp Battle Creek Operating Labor & Benefits - - 266 - - 266 (266) - 4,197 Training - - - - - - - - 42 Contractual - - 988 - - 988 (988) - 10,529 Supplies & Materials - - 29 - - 29 (29) - 918 Other Costs - - 119 98 - 217 (217) - 2,836 Indirect Costs - - 390 - - 390 (390) - 5,578 Battle Creek Operating Total - - 1,792 98 - 1,890 (1,890) - 24,101 FERC 539 - Misc. Hydraulic Power Generation Expenses Total - - 1,792 98 - 1,890 (1,890) - 24,101 FERC 541 - Maintenance Supervision & Engineering Maint Supervision/Eng Battle Creek Operating Labor & Benefits - - 375 - - 375 (375) - 5,120 Indirect Costs - - 517 - - 517 (517) - 6,803 Battle Creek Operating Total - - 892 - - 892 (892) - 11,923 FERC 541 - Maintenance Supervision & Engineering Total - - 892 - - 892 (892) - 11,923 FERC 542 - Maintenance of Structures Maintenance of Structures Battle Creek Operating Labor & Benefits - - 210 - - 210 (210) - 3,242 Contractual - - - - - - - - 2,488 Supplies & Materials - - - - - - - - 470 Equipment, Furniture & Machinery - - - - - - - - 296 Indirect Costs - - 308 - - 308 (308) - 4,474 Battle Creek Operating Total - - 517 - - 517 (517) - 10,970 FERC 542 - Maintenance of Structures Total - - 517 - - 517 (517) - 10,970 FERC 543 - Maintenance of Reservoirs, Dams & Waterways Maint Res, Dams, WWays Battle Creek Operating Labor & Benefits - - 15 - - 15 (15) - 73 Contractual - - - - - - - - 213 Indirect Costs - - 20 - - 20 (20) - 79 Battle Creek Operating Total - - 35 - - 35 (35) - 366 FERC 543 - Maintenance of Reservoirs, Dams & Waterways Total - - 35 - - 35 (35) - 366 FERC 544 - Maintenance of Electric Plant Maintenance of Elec Plant Battle Creek Operating Labor & Benefits - - 838 - - 838 (838) - 12,941 Contractual - - 136 - - 136 (136) - 132 Supplies & Materials - - 425 - - 425 (425) - 1,248 Indirect Costs - - 1,231 - - 1,231 (1,231) - 17,850 Battle Creek Operating Total - - 2,631 - - 2,631 (2,631) - 32,171 FERC 544 - Maintenance of Electric Plant Total - - 2,631 - - 2,631 (2,631) - 32,171 ALASKA ENERGY AUTHORITY Page 8 of 13 BATTLE CREEK OPERATIONS & MAINTENANCE SCHEDULE F BUDGET TO ACTUAL EXPENSES FOR THE PERIOD 07/01/2023 THROUGH 08/31/2023 FY 24 FY 23 FY24 Approved Budget BUDGET % 07/01/2023 - 08/31/2023 HEA Actual CEA Actual AEA Actual Total Actual (Over) Under Budget to Date FY23 Approved Budget FY23 Actual ALASKA ENERGY AUTHORITY FERC 545 - Maintenance of Misc. Hydraulic Plant Maint of Misc Hydr Plant Battle Creek Operating Labor & Benefits - - 210 - - 210 (210) - 3,293 Contractual - - - - - - - - 303 Supplies & Materials - - 2 - - 2 (2) - 1,756 Equipment, Furniture & Machinery - - - - - - - - 49 Indirect Costs - - 308 - - 308 (308) - 4,508 Battle Creek Operating Total - - 519 - - 519 (519) - 9,909 FERC 545 - Maintenance of Misc. Hydraulic Plant Total - - 519 - - 519 (519) - 9,909 FERC 556 - System Control & Load Dispatching System Cntl & Load Disp Battle Creek Operating Labor & Benefits - - 27 - - 27 (27) - 969 Contractual - - 7 - - 7 (7) - 6,273 Supplies & Materials - - - - - - - - 177 Battle Creek Operating Total - - 34 - - 34 (34) - 7,418 Snow Measurement Battle Creek Operating Contractual - - - - 400 400 (400) - 400 Battle Creek Operating Total - - - - 400 400 (400) - 400 Seismic Service Battle Creek Operating Contractual - - - - - - - - 2,804 Battle Creek Operating Total - - - - - - - - 2,804 Streamguaging Serv Battle Creek Operating Contractual 55,000 9,167 - - - - 9,167 45,000 67,062 Battle Creek Operating Total 55,000 9,167 - - - - 9,167 45,000 67,062 Permits Battle Creek Operating Other Costs - - - - - - - - 10 Battle Creek Operating Total - - - - - - - - 10 FERC 556 - System Control & Load Dispatching Total 55,000 9,167 34 - 400 434 8,733 45,000 77,693 FERC 562 - Station Expenses Station Expenses Battle Creek Operating Labor & Benefits - - - - - - - - 2,596 Contractual - - 215 - - 215 (215) - 2,785 Supplies & Materials - - - - - - - - 482 Battle Creek Operating Total - - 215 - - 215 (215) - 5,864 FERC 562 - Station Expenses Total - - 215 - - 215 (215) - 5,864 FERC 571 - Maintenance of Overhead Lines Maint of OH Lines Battle Creek Operating Labor & Benefits - - - - - - - - 1,641 Contractual - - - - - - - - 7,152 Supplies & Materials - - - - - - - - 46 Battle Creek Operating Total - - - - - - - - 8,838 FERC 571 - Maintenance of Overhead Lines Total - - - - - - - - 8,838 FERC 920 & 930 - Administrative Expense AEA Bradley Fixed Admin Fees Battle Creek Operating Staff Professional Services (Direct)50,000 8,333 - - - - 8,333 - 58,017 Travel - - - - 302 302 (302) - 162 Training - - - - - - - - 31 Consulting-Administrative - - - - - - - - 100 Supplies & Materials - - - - - - - - 203 Administrative Costs - - - - - - - 43,000 3,379 Battle Creek Operating Total 50,000 8,333 - - 302 302 8,031 43,000 61,891 Operating Committee Exp-Audit Battle Creek Operating Administrative Costs - - - - - - - - 1,355 Battle Creek Operating Total - - - - - - - - 1,355 Operating Committee Exp-Legal Battle Creek Operating Administrative Costs 5,000 833 - - 602 602 231 5,000 7,042 Battle Creek Operating Total 5,000 833 - - 602 602 231 5,000 7,042 Operat Committee Exp-Arbitrage Bradley Lake Operating Administrative Costs - - - - - - - - 1,690 Bradley Lake Operating Total - - - - - - - - 1,690 Battle Creek Operating Administrative Costs - - - - - - - 2,000 - Battle Creek Operating Total - - - - - - - 2,000 - Trust & Account Fees Battle Creek Operating Administrative Costs 5,500 917 - - - - 917 4,800 4,000 Battle Creek Operating Total 5,500 917 - - - - 917 4,800 4,000 Misc Admin Battle Creek Operating Administrative Costs 1,000 167 - - - - 167 100 567 Battle Creek Operating Total 1,000 167 - - - - 167 100 567 Professional Consultants Battle Creek Operating Labor & Benefits - - - - 4,699 4,699 (4,699) - 29,115 Travel - - - - - - - - 266 Page 9 of 13 BATTLE CREEK OPERATIONS & MAINTENANCE SCHEDULE F BUDGET TO ACTUAL EXPENSES FOR THE PERIOD 07/01/2023 THROUGH 08/31/2023 FY 24 FY 23 FY24 Approved Budget BUDGET % 07/01/2023 - 08/31/2023 HEA Actual CEA Actual AEA Actual Total Actual (Over) Under Budget to Date FY23 Approved Budget FY23 Actual ALASKA ENERGY AUTHORITY Contractual - - - - - - - - (1,288) Consulting-Administrative - - - - - - - - 186 Supplies & Materials - - - - - - - - 289 Other Costs - - - - - - - - 73 Battle Creek Operating Total - - - - 4,699 4,699 (4,699) - 28,641 FERC 920 & 930 - Administrative Expense Total 61,500 10,250 - - 5,604 5,604 4,646 54,900 105,186 FERC 924 & 925 - Insurance Premiums Insurance Premiums Battle Creek Operating Administrative Costs - - 128 - 7,979 8,107 (8,107) - 44,104 Battle Creek Operating Total - - 128 - 7,979 8,107 (8,107) - 44,104 FERC 924 & 925 - Insurance Premiums Total - - 128 - 7,979 8,107 (8,107) - 44,104 FERC 923 - Outside Services Employed Outside Services Employed Battle Creek Operating Consulting-Administrative - - - - 615 615 (615) - 17,274 Battle Creek Operating Total - - - - 615 615 (615) - 17,274 FERC 923 - Outside Services Employed Total - - - - 615 615 (615) - 17,274 FERC 928 - Regulatory Commission Expenses FERC Admin Fees Battle Creek Operating Administrative Costs - - - - - - - - 5,254 Battle Creek Operating Total - - - - - - - - 5,254 FERC Related Prof Services BRADLEY CONTRACTUAL ENGINEER-FERC LICENSE ISSUES BRADLEY CONTRACTUAL ENGINEER-FERC LICENSE ISSUES Total - - - - - - - - - Battle Creek Operating Administrative Costs - - - - 74 74 (74) - 10,695 Battle Creek Operating Total - - - - 74 74 (74) - 10,695 FERC 928 - Regulatory Commission Expenses Total - - - - 74 74 (74) - 15,948 O&M Allocation to Battle Creek 303,768 50,628 - - - - 50,628 190,710 - Total Battle Creek Budget 490,268 81,711 9,761 98 14,672 24,531 57,180 371,610 473,557 Page 10 of 13 FY22 FY22 FY23 FY23 FY24 FY24 Amended Amended Amended Budget Actuals Budget Actuals Budget Actuals SSQ Line Access Documentation - 144,482 - 23,555 - - SSQ Line Acquisition Costs - 2,026 - - - - SSQ Soldotna-Qtz Ck 230kV Construction 750,000 91,051 - 441,262 - - Total Non R&C Capital Purchases 750,000 237,559 - 464,817 - - 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 07/01/23 to 08/31/23 Page 11 of 13 ALASKA ENERGY AUTHORITY SSQ LINE OPERATIONS & MAINTENANCE SCHEDULE I BUDGET TO ACTUAL EXPENSES FOR THE PERIOD 07/01/2023 THROUGH 08/31/2023 FY 24 FY 23 FY24 Approved Budget BUDGET % 07/01/2023 - 08/31/2023 HEA Actual CEA Actual AEA Actual Total Actual (Over) Under Budget to Date FY23 Approved Budget FY23 Actual Summary by expense type Staff Professional Services (Direct)15,000 2,500 - - - - 2,500 53,000 50,664 Labor & Benefits 50,000 8,333 - - - - 8,333 56,999 521 Contractual 175,000 29,167 - - - - 29,167 200,000 12,768 Permitting 40,000 6,667 - - - - 6,667 - - Supplies & Materials 25,000 4,167 - - - - 4,167 25,000 2,808 Other Costs - - - - - - - - 103,186 Equipment, Furniture & Machinery - - - - - - - - 29 Administrative Costs 2,000 333 - - - - 333 2,000 100,387 Total SSQ Line Budget 307,000 51,167 - - - - 51,167 336,999 270,363 FERC 540 - Rents FERC Land Use Fee SSQ Line Operating Other Costs - - - - - - - - 103,186 SSQ Line Operating Total - - - - - - - - 103,186 FERC 540 - Rents Total - - - - - - - - 103,186 FERC 556 - System Control & Load Dispatching Permits SSQ Line Operating Permitting 40,000 6,667 - - - - 6,667 - - SSQ Line Operating Total 40,000 6,667 - - - - 6,667 - - FERC 556 - System Control & Load Dispatching Total 40,000 6,667 - - - - 6,667 - - FERC 571 - Maintenance of Overhead Lines Maint of OH Lines SSQ Line Operating Labor & Benefits 50,000 8,333 - - - - 8,333 56,999 521 Contractual 175,000 29,167 - - - - 29,167 200,000 12,768 Supplies & Materials 25,000 4,167 - - - - 4,167 25,000 - Equipment, Furniture & Machinery - - - - - - - - 29 SSQ Line Operating Total 250,000 41,667 - - - - 41,667 281,999 13,318 FERC 571 - Maintenance of Overhead Lines Total 250,000 41,667 - - - - 41,667 281,999 13,318 FERC 920 & 930 - Administrative Expense AEA Bradley Fixed Admin Fees SSQ Line Operating Staff Professional Services (Direct)15,000 2,500 - - - - 2,500 53,000 50,664 Supplies & Materials - - - - - - - - 2,417 Administrative Costs - - - - - - - - 87,510 SSQ Line Operating Total 15,000 2,500 - - - - 2,500 53,000 140,590 General & Administrative Costs Supplies & Materials - - - - - - - - 391 Administrative Costs - - - - - - - - 10,877 General & Administrative Costs Total - - - - - - - - 11,268 Trust & Account Fees SSQ Line Operating Administrative Costs 2,000 333 - - - - 333 2,000 2,000 SSQ Line Operating Total 2,000 333 - - - - 333 2,000 2,000 FERC 920 & 930 - Administrative Expense Total 17,000 2,833 - - - - 2,833 55,000 153,858 Total SSQ Line Budget 307,000 51,167 - - - - 51,167 336,999 270,363 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 and 69kV Remediation Released from Capital Reserve Total Available Funding SSQ Line Series 10 Bond Proceeds 17,000,000 (225,252) (1,239,986) (14,800,699) 810,478 1,544,541 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) 4,317,169 - 157,718,707 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% 55,201,548 75,000 22,473 958 74,042 Total BESS Capital Projects 55,201,548 75,000 22,473 958 74,042 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% 102,517,160 - - - - Total Transmission Capital Projects 102,517,160 - - - - Total Required Project Work 157,718,707 75,000 22,473 958 74,042 ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT Capital Projects Funded by Bond Proceeds Appendix A 08/31/23 Page 13 of 13 Page 1 of 2 Bradley Operation and Dispatch Committee Report October 2023 Meeting Dates: August 25, 2023 Notable Discussions and Items: 2023-2024 Water Year Inflows and Scheduling: Lake levels are around normal though summer inflows came in approximately 19% above forecast. The next several weeks will determine if Pending Spill is reached. Bradley Ring BUS relay settings: The committee discussed the history and operational needs of the relays controlling the breakers in the Bradley ring bus. This conversation revolved around the importance of generator protection and the recommendations of the installing vendor nearly 10-years ago. Current settings do not allow these breakers to be closed into an energized grid but the O&D recommends completing a engineering study to confirm best practices. The O&D is seeking BPMC approval before procuring engineering services. Current lake level Average lake level 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 mode; and □ CEA & HEA investigating inability of Bradley breakers to close into energized grid. Next Meeting: October 13, 2023 (tent)