Loading...
HomeMy WebLinkAbout2024-03-22 BPMC Agenda and docsBRADLEY LAKE PROJECT MANAGEMENT COMMITTEE MEETING AGENDA - UPDATED Friday, March 22, 2024 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 – January 26, 2024 7. NEW BUSINESS A. FY 25 BPMC Budget B. Lease Authorization for equipment and materials storage C. BPMC Letter of Support to EPA – Dixon Diversion 8. OLD BUSINESS A. Railbelt Reliability Coordination Update i. GRIP 3, Phase 1 Update Jim Mendenhall ii. GRIP 3, Phase 2, Update/Application Cost 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 – May 3, 2024 14. ADJOURNMENT ALASKA ENERGY AUTHORITYBRADLEY LAKE HYDROELECTRIC PROJECTFY2025 PROPOSED BUDGETDATE: MARCH 22, 2024 ALASKA ENERGY AUTHORITYBRADLEY LAKE HYDROELECTRIC PROJECT2025 Budget ContentsScheduleDescriptionPage #Summary FY25 Proposed Budget Summary3Schedule A Bradley Lake Capital Purchases (not funded by R&C) 4Schedule B Bradley Lake Operations & Maintenance Budget 5 - 7Schedule C Bradley Lake Monthly Utility Contributions8Schedule D R&C Fund Disbursements and Repayments9Schedule E Battle Creek Capital Purchases (not funded by R&C) 10Schedule F Battle Creek Operations & Maintenance Budget 11 - 13Schedule G Battle Creek Monthly Utility Contributions14Schedule H SSQ Line Capital Purchases (not funded by R&C) 15Schedule I SSQ Line Operations & Maintenance Budget 16Schedule J SSQ Line Monthly Utility Contributions17`Page 2 of 17 ALASKA ENERGY AUTHORITYBRADLEY LAKE HYDROELECTRIC PROJECTProposed Budget SummaryABCDEFGFY2022 FY2023 FY2024 FY2025 Inc(Dec) FromFY2022 FY2023 Amend Amend Approved Proposed Prior YearBradley Lake (excluding Battle Creek & SSQ Line shown below)ActualsActualsBudgetBudgetBudgetBudgetBudget Revenues, Expenses & Changes in surplusRevenuesUtility Contributions (sch C) 6,803,284 20,564,479 8,105,065 22,382,491 22,533,059 21,982,934 (550,126) Interest Income914,121 353,445 903,500 - - 536,500 536,500 7,717,405 20,917,924 9,008,565 22,382,491 22,533,059 22,519,434 (13,626) ExpensesOperations & Maintenance (sch B) 5,897,804 6,559,966 6,606,170 7,049,494 7,290,435 7,695,321 404,886 Renewals/Replacements (R&C Fund Repayments) (sch D) 1,165,766 934,222 1,331,902 1,653,013 2,234,646 2,580,808 346,162 Non R&C Capital Purchases (sch A) 236,264 1,262,914 909,000 1,558,000 948,000 150,000 (798,000) Transfer To(From) Operating Reserve 139,130 152,847 161,494 111,028 48,188 80,977 32,789 Debt Service- 12,007,974 - 12,010,956 12,011,790 12,012,328 538 Arbitrage Transfer278,442 - - - - - - 7,717,405 20,917,924 9,008,565 22,382,491 22,533,059 22,519,434 (13,626) Surplus (Deficit) - - - - - - - Other Project Costs - Battle Creek Revenues, Expenses & Changes in surplusRevenues - Battle CreekUtility Contributions (sch G) 3,356,861 3,390,973 3,564,453 3,569,672 3,707,875 2,265,097 (1,442,778) Interest Income1,288 164,604 - - - 218,000 218,000 3,358,149 3,555,577 3,564,453 3,569,672 3,707,875 2,483,097 (1,224,778) Expenses - Battle CreekBattle Creek Operations & Maintenance (sch F) 419,780 473,557 399,610 417,373 490,268 600,938 110,670 Renewals/Replacements (R&C Fund Repayments) (sch D) 934,898 934,898 1,104,000 1,104,000 1,104,000 - (1,104,000) Capital Purchases (sch E) 57,628 71,423 115,000 90,000 165,000 5,000 (160,000) Transfer To(From) Operating Reserve (29,621) 18,132 (29,621) 3,553 14,579 22,134 7,555 Transfer To(From) Capital Reserve - 102,822 - - - (58,284) (58,284) Debt Service3,064,883 3,006,599 3,064,883 3,006,599 2,948,314 2,890,030 (58,284) IRS Subsidy(1,089,419) (1,051,853) (1,089,419) (1,051,853) (1,014,287) (976,720) 37,566 3,358,149 3,555,577 3,564,453 3,569,672 3,707,875 2,483,097 (1,224,778) Surplus (Deficit) - - - - - - - Other Project Costs - SSQ Line Revenues, Expenses & Changes in surplusRevenues - SSQ LineUtility Contributions (sch J) 1,573,492 1,000,978 2,250,511 758,884 743,555 727,072 (16,482) Other Miscellaneous-R&C Fund Cash Call - - 9,893,771 - - - - Interest Income2,548 109,930 - - - 66,200 66,200 Capital Reserve Contributions 9,893,786 - - - - - - Other Available Funds 1,559,492 - 1,559,492 - - - - 13,029,318 1,110,908 13,703,774 758,884 743,555 793,272 49,718 Expenses - SSQ LineSSQ Line Operations & Maintenance (sch I) 268,001 270,363 444,523 336,999 307,000 343,878 36,878 Capital Purchases (sch H) 250,489 454,236 750,000 - - - - Transfer To(From) Operating Reserve 54,905 (27,505) 54,905 (21,505) (6,000) 7,376 13,375 Transfer To(From) Capital Reserve 1,434 - - - - - - Transfer To(From) Construction Fund - (7,127) - - - - - Debt Service12,454,489 420,940 12,454,346 443,390 442,555 442,018 (536) 13,029,318 1,110,908 13,703,774 758,884 743,555 793,272 49,718 Surplus (Deficit) - - - - - - - Other InformationOperating Reserve * 1,179,561 1,311,993 1,321,234 1,409,899 1,458,087 1,539,064 80,977 Operating Reserve - Battle Creek* 83,956 94,711 79,922 83,475 98,054 120,188 22,134 Operating Reserve - SSQ Line* 53,600 54,073 88,905 67,400 61,400 68,776 7,376 Monthly Contributions 566,940 1,713,707 675,422 1,865,208 1,877,755 1,876,619 (1,136) Monthly Contributions Battle Creek 279,738 282,581 297,038 297,473 308,990 188,758 (120,232) Monthly Contributions SSQ Line 131,124 83,415 187,543 63,240 61,963 60,589 (1,374) *Required to be 20% of budgeted operating expensePage 3 of 17 ALASKA ENERGY AUTHORITYBRADLEY LAKE HYDROELECTRIC PROJECTCapital Purchases (not funded by R&C Fund)Schedule AFY22 FY23 FY24 FY22 FY23 FY24 FY25Actuals Amend Amend Approved ProposedActualsActuals@12/31/23BudgetBudgetBudgetBudgetUpgrade Crews Quarters\Residence Kitchen\New Furniture 7,318 67,395 - 139,000 159,000 - - Replace Dump Truck and Sander - 29,493 - 20,000 - - - IRIS Air Gap Monitoring System (Computer) 86,805 18,491 - 45,000 65,000 - - Heavy Duty Trailer for Equipment - 20,000 - 20,000 20,000 - - ABB Replace GIS Actuators - 310,245 - 240,000 309,000 - - Replacement Pickup Truck - 46,299 - 45,000 - - - Needle Valve Rebuild 29,727 - - 150,000 150,000 - - Start New Servo Design - 396,171 - 100,000 250,000 - - Soldotna SVC Battery Replacement 76 - - 70,000 - - - Battle Creek Bridge Repair 112,337 - - 80,000 - - - North Fork Improvements - - - - 5,000 - - Mini Excavator - 94,465 - 100,000 - - Install New Bradley Microwave System - 280,356 226 - 500,000 518,000 - Brush Hog for Front End Loader - - - - - 150,000 - JLG All Terrain Fork Lift- New Purchase - - 207,660 - - 190,000 - Replace BL#5 2009 F150 Crew Cab Pickup - - - - - 45,000 - Warhouse Heaters x2 (Replace) - - - - - 5,000 - ISO Shipping Containers x2 (Replace) - - 17,700 - - 40,000 - Replace 2012 Polaris Side by Side - - - - - - 65,000 Crew Quarters Remodel - - - - - - 85,000 Total Non R&C Capital Purchases 236,264 1,262,914 225,586 909,000 1,558,000 948,000 150,000 Capital Project DescriptionPage 4 of 17 ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT Bradley Lake Operations and Maintenance Budget Schedule B FY 24 FY25  Budget  Actual   (Over) Under  Budget to Date  Budget  Actual   (Over) Under  Budget to Date  Budget   Budget to Date  12/31/23   Actual to Date  12/31/23   (Over) Under  Budget to Date  Budget Draft   Increase  (Decrease) From  PY  Summary by expense type Staff Professional Services (Direct)274,000 212,299 61,701 277,000 289,268 (12,268) 387,700 193,850 124,386 69,464 312,585 (75,115) Labor & Benefits 1,307,994 1,150,586 157,408 1,997,876 1,801,438 196,437 2,023,067 1,011,534 678,148 333,386 2,054,317 31,250 Travel 38,450 10,436 28,014 84,950 12,894 72,056 78,500 39,250 14,315 24,935 51,500 (27,000) Training 49,300 19,660 29,640 49,300 19,549 29,751 50,000 25,000 6,018 18,983 55,000 5,000 Contractual 1,156,343 1,069,547 86,796 1,215,727 1,068,101 147,626 1,181,381 590,691 320,337 270,354 1,243,010 61,629 Consulting‐Administrative - 1,636 (1,636) 249,375 248,684 691 265,000 132,500 44,280 88,220 315,000 50,000 Supplies & Materials 429,345 213,468 215,877 329,232 133,087 196,145 330,332 165,166 65,313 99,853 378,500 48,168 Other Costs 97,318 63,178 34,140 79,318 64,623 14,695 79,318 39,659 26,044 13,615 112,718 33,400 Equipment, Furniture & Machinery 73,000 5,084 67,916 24,000 7,877 16,123 165,000 82,500 29,424 53,076 35,000 (130,000) Administrative Costs 1,884,844 1,968,101 (83,257) 1,492,905 1,549,774 (56,869) 1,553,800 776,900 715,694 61,206 1,978,224 424,424 Indirect Costs 1,486,285 1,183,807 302,478 1,486,285 1,364,672 121,613 1,480,105 740,053 526,724 213,329 1,480,105 - O&M 4% Allocation to Battle Creek (190,710) - (190,710) (236,473) - (236,473) (303,768) (151,884) - (151,884) (320,638) (16,870) Total Bradley Lake Budget 6,606,169             5,897,803             708,366                7,049,495             6,559,966             489,529                7,290,435             3,645,218             2,550,682             1,094,535             7,695,321             404,886                 FERC 535 ‐ Operation Supervision & Engineering Operations Sup/Eng Bradley Lake Operating Labor & Benefits 107,604 92,562 15,042 108,311 112,787 (4,476) 105,451 52,726 45,877 6,848 105,451 - Travel 10,450 1,715 8,735 10,450 590 9,860 5,000 2,500 884 1,616 5,000 - Training 9,300 4,087 5,213 9,300 - 9,300 5,000 2,500 581 1,919 5,000 - Contractual 11,000 - 11,000 1,000 - 1,000 3,000 1,500 - 1,500 3,000 - Supplies & Materials 4,000 942 3,058 4,000 314 3,686 4,000 2,000 - 2,000 4,000 - Indirect Costs 155,698 127,416 28,282 155,698 150,349 5,349 155,698 77,849 63,327 14,522 155,698 - Bradley Lake Operating Total 298,052 226,723 71,329 288,759 264,040 24,719 278,149 139,075 110,669 28,405 278,149 - FERC 535 ‐ Operation Supervision & Engineering Total 298,052                226,723                71,329                  288,759                264,040                24,719                  278,149                139,075                110,669                28,405                  278,149                 ‐                             FERC 537 ‐ Hydraulic Expenses Hydraulic Expenses Bradley Lake Operating Labor & Benefits 84,192 69,712 14,480 90,192 75,953 14,239 95,262 47,631 27,893 19,738 95,262 - Travel 8,000 73 7,927 - - - - - - - - - Contractual 73,000 5,803 67,197 123,000 87 122,913 60,000 30,000 - 30,000 - (60,000) Supplies & Materials 16,000 471 15,529 32,000 1,804 30,196 2,000 1,000 774 226 4,000 2,000 Equipment, Furniture & Machinery 39,000 - 39,000 - - - - - - - - - Indirect Costs 114,320 93,656 20,664 114,320 105,908 8,412 109,250 54,625 39,490 15,135 109,250 - Bradley Lake Operating Total 334,512 169,715 164,797 359,512 183,752 175,760 266,512 133,256 68,158 65,098 208,512 (58,000) FERC 537 ‐ Hydraulic Expenses Total 334,512                169,715                164,797                359,512                183,752                175,760                266,512                133,256                68,158                  65,098                  208,512                (58,000)                  FERC 538 ‐ Electric Expenses Electric Expenses Bradley Lake Operating Labor & Benefits 218,044 218,221 (177) 218,044 228,803 (10,759) 218,044 109,022 84,593 24,429 218,044 - Travel 7,000 4,381 2,619 7,000 2,039 4,961 7,000 3,500 - 3,500 7,000 - Training 25,000 10,743 14,257 25,000 17,786 7,214 30,000 15,000 5,437 9,563 30,000 - Contractual 5,000 - 5,000 2,000 - 2,000 5,000 2,500 - 2,500 10,000 5,000 Supplies & Materials 42,732 255 42,477 9,732 4,319 5,413 13,732 6,866 6,660 206 18,500 4,768 Equipment, Furniture & Machinery 11,000 - 11,000 - - - - - - - - - Administrative Costs - 37,738 (37,738) - - - - - - - - - Indirect Costs 262,004 216,110 45,894 262,004 256,573 5,431 262,004 131,002 98,310 32,692 262,004 - Bradley Lake Operating Total 570,780 487,448 83,332 523,780 509,520 14,260 535,780 267,890 194,999 72,891 545,548 9,768 BRADLEY CIRCUITS/RADIO TO BERNICE LK BRADLEY CIRCUITS/RADIO TO BERNICE LK Total - - - - - - - - - - - - FERC 538 ‐ Electric Expenses Total 570,780                487,448                83,332                  523,780                509,520                14,260                  535,780                267,890                194,999                72,891                  545,548                9,768                     FERC 539 ‐ Misc. Hydraulic Power Generation Expenses Misc Hydro Power Exp Bradley Lake Operating Labor & Benefits 104,788 68,784 36,004 105,742 90,508 15,235 105,742 52,871 32,114 20,757 107,742 2,000 Training 15,000 4,831 10,169 15,000 1,009 13,991 15,000 7,500 - 7,500 20,000 5,000 Contractual 287,525 228,838 58,687 315,867 229,130 86,737 360,067 180,034 154,188 25,845 385,067 25,000 Supplies & Materials 17,900 29,833 (11,933) 17,900 20,976 (3,076) 25,000 12,500 3,205 9,295 25,000 - Other Costs - (714) 714 - - - - - - - - - Indirect Costs 114,320 95,365 18,955 114,320 120,737 (6,418) 114,320 57,160 45,594 11,566 114,320 - Bradley Lake Operating Total 539,533 426,937 112,596 568,829 462,360 106,469 620,129 310,065 235,101 74,963 652,129 32,000 BRADLEY CIRCUITS/RADIO TO BERNICE LK Other Costs 35,695 34,920 775 35,695 34,149 1,546 35,695 17,848 14,278 3,569 35,695 - BRADLEY CIRCUITS/RADIO TO BERNICE LK Total 35,695 34,920 775 35,695 34,149 1,546 35,695 17,848 14,278 3,569 35,695 - BRADLEY CIRCUITS BERNICE LK TO ANCH Other Costs 29,773 28,734 1,039 29,773 28,471 1,302 29,773 14,887 11,766 3,120 29,773 - BRADLEY CIRCUITS BERNICE LK TO ANCH Total 29,773 28,734 1,039 29,773 28,471 1,302 29,773 14,887 11,766 3,120 29,773 - LOWER BRADLEY CIRCUITS/RADIO TO BARGE DOCK Other Costs - - - - - - - - - - 45,000 45,000 LOWER BRADLEY CIRCUITS/RADIO TO BARGE DOCK Total - - - - - - - - - - 45,000 45,000 FERC 539 ‐ Misc. Hydraulic Power Generation Expenses Total 605,001                490,592                114,409                634,297                524,980                109,317                685,597                342,799                261,146                81,653                  762,597                77,000                   FERC 541 ‐ Maintenance Supervision & Engineering Maint Supervision/Eng Bradley Lake Operating Labor & Benefits 114,758 100,394 14,364 116,171 113,497 2,673 110,451 55,226 44,942 10,283 110,451 - Indirect Costs 155,698 128,372 27,326 155,698 150,349 5,349 155,698 77,849 64,262 13,587 155,698 - Bradley Lake Operating Total 270,456 228,766 41,690 271,869 263,847 8,022 266,149 133,075 109,204 23,870 266,149 - FERC 541 ‐ Maintenance Supervision & Engineering Total 270,456                228,766                41,690                  271,869                263,847                8,022                    266,149                133,075                109,204                23,870                  266,149                 ‐                             FERC 542 ‐ Maintenance of Structures Maintenance of Structures Bradley Lake Operating Labor & Benefits 77,639 62,589 15,050 86,639 69,437 17,202 89,710 44,855 27,108 17,747 89,710 - Contractual 89,000 62,009 26,991 56,000 59,713 (3,713) 56,000 28,000 1,322 26,678 126,000 70,000 Supplies & Materials 243,713 34,868 208,845 94,000 9,592 84,408 78,000 39,000 6,828 32,172 70,000 (8,000) Equipment, Furniture & Machinery 23,000 5,084 17,916 19,000 6,693 12,307 15,000 7,500 3,422 4,078 20,000 5,000 Administrative Costs - 6,741 (6,741) - - - - - - - - - Indirect Costs 105,421 80,072 25,349 105,421 96,693 8,728 102,350 51,175 37,536 13,639 102,350 - Bradley Lake Operating Total 538,773 251,363 287,410 361,060 242,128 118,932 341,060 170,530 76,215 94,315 - 67,000 FERC 542 ‐ Maintenance of Structures Total 538,773                251,363                287,410                361,060                242,128                118,932                341,060                170,530                76,215                  94,315                  408,060                67,000                   FERC 543 ‐ Maintenance of Reservoirs, Dams & Waterways Maint Res, Dams, WWays Bradley Lake Operating Labor & Benefits 40,744 431 40,313 53,744 1,507 52,237 51,783 25,892 670 25,221 51,783 - Travel 5,000 - 5,000 1,000 - 1,000 - - - - - - Contractual 6,500 - 6,500 22,500 5,114 17,386 6,500 3,250 - 3,250 39,500 33,000 Supplies & Materials 15,000 - 15,000 20,000 - 20,000 20,000 10,000 - 10,000 85,000 65,000 Equipment, Furniture & Machinery - - - - - - - - - - 15,000 15,000 Indirect Costs 56,689 501 56,188 56,689 1,511 55,178 58,650 29,325 919 28,406 58,650 - Bradley Lake Operating Total 123,933 932 123,001 153,933 8,132 145,801 136,933 68,467 1,589 66,877 249,933 113,000 BRADLEY POWER TUNNEL MAINT (Dam) Contractual 15,000 - 15,000 - - - 15,000 7,500 - 7,500 15,000 - BRADLEY POWER TUNNEL MAINT (Dam) Total 15,000 - 15,000 - - - 15,000 7,500 - 7,500 15,000 - FERC 543 ‐ Maintenance of Reservoirs, Dams & Waterways Total 138,933                932                       138,001                153,933                8,132                    145,801                151,933                75,967                  1,589                    74,377                  264,933                113,000                 FERC 544 ‐ Maintenance of Electric Plant Maintenance of Elec Plant Bradley Lake Operating Labor & Benefits 309,110 258,335 50,775 309,110 276,280 32,831 309,110 154,555 98,944 55,611 309,110 - FY 22 FY 23 Page 5 of 17 ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT Bradley Lake Operations and Maintenance Budget Schedule B FY 24 FY25  Budget  Actual   (Over) Under  Budget to Date  Budget  Actual   (Over) Under  Budget to Date  Budget   Budget to Date  12/31/23   Actual to Date  12/31/23   (Over) Under  Budget to Date  Budget Draft   Increase  (Decrease) From  PY  FY 22 FY 23 Travel 4,500 376 4,124 4,500 - 4,500 4,500 2,250 - 2,250 4,500 - Contractual 49,000 104,828 (55,828) 58,000 3,180 54,820 40,000 20,000 5,249 14,751 75,000 35,000 Supplies & Materials 30,000 20,620 9,380 43,000 28,310 14,690 40,000 20,000 22,658 (2,658) 40,000 - Indirect Costs 423,178 354,987 68,191 423,178 384,985 38,192 423,178 211,589 141,769 69,820 423,178 - Bradley Lake Operating Total 815,788 739,147 76,641 837,788 692,754 145,034 816,788 408,394 268,620 139,774 851,788 35,000 FERC 544 ‐ Maintenance of Electric Plant Total 815,788                739,147                76,641                  837,788                692,754                145,034                816,788                408,394                268,620                139,774                851,788                35,000                   FERC 545 ‐ Maintenance of Misc. Hydraulic Plant Maint of Misc Hydr Plant Bradley Lake Operating Labor & Benefits 69,297 63,333 5,964 69,297 70,628 (1,331) 69,297 34,649 24,888 9,760 69,297 - Contractual 3,900 - 3,900 3,900 7,276 (3,376) 45,000 22,500 7,617 14,883 45,000 - Supplies & Materials 34,000 70,114 (36,114) 29,000 41,166 (12,166) 68,000 34,000 13,634 20,366 68,000 - Equipment, Furniture & Machinery - - - 5,000 1,184 3,816 150,000 75,000 26,002 48,998 - (150,000) Indirect Costs 98,957 87,328 11,629 98,957 97,565 1,392 98,957 49,479 35,516 13,962 98,957 - Bradley Lake Operating Total 206,154 220,775 (14,621) 206,154 217,819 (11,665) 431,254 215,627 107,657 107,970 281,254 (150,000) FERC 545 ‐ Maintenance of Misc. Hydraulic Plant Total 206,154                220,775                (14,621)                 206,154                217,819                (11,665)                 431,254                215,627                107,657                107,970                281,254                (150,000)               FERC 556 ‐ System Control & Load Dispatching System Cntl & Load Disp Bradley Lake Operating Labor & Benefits 19,708 17,143 2,565 20,174 22,342 (2,168) 20,174 10,087 5,640 4,447 20,174 - Contractual 53,000 88,680 (35,680) 85,500 97,154 (11,654) 85,500 42,750 850 41,900 103,500 18,000 Supplies & Materials 6,000 6,442 (442) 12,000 4,242 7,758 12,000 6,000 - 6,000 12,000 - Bradley Lake Operating Total 78,708 112,264 (33,556) 117,674 123,738 (6,064) 117,674 58,837 6,490 52,347 135,674 18,000  Snow Measurement Bradley Lake Operating Contractual 10,000 9,507 493 10,000 9,600 400 10,000 5,000 9,600 (4,600) 10,000 - Bradley Lake Operating Total 10,000 9,507 493 10,000 9,600 400 10,000 5,000 9,600 (4,600) 10,000 -  Seismic Service Bradley Lake Operating Contractual 62,000 66,095 (4,095) 62,000 63,456 (1,456) 62,000 31,000 23,596 7,404 64,868 2,868 Bradley Lake Operating Total 62,000 66,095 (4,095) 62,000 63,456 (1,456) 62,000 31,000 23,596 7,404 64,868 2,868  Streamguaging Serv Bradley Lake Operating Contractual 218,000 189,594 28,406 218,000 191,173 26,827 278,014 139,007 101,280 37,727 216,275 (61,739) Bradley Lake Operating Total 218,000 189,594 28,406 218,000 191,173 26,827 278,014 139,007 101,280 37,727 216,275 (61,739) Permits Bradley Lake Operating Other Costs 350 238 112 350 240 110 350 175 - 175 350 - Bradley Lake Operating Total 350 238 112 350 240 110 350 175 - 175 350 - FERC 556 ‐ System Control & Load Dispatching Total 369,058                377,698                (8,640)                   408,024                388,208                19,816                  468,038                234,019                140,966                93,053                  427,167                (40,871)                  FERC 562 ‐ Station Expenses Station Expenses Bradley Lake Operating Labor & Benefits - - - - - - - - - - - - Labor & Benefits 62,388 113,987 (51,599) 64,043 32,493 31,550 64,043 32,022 22,541 9,481 58,612 (5,431) Labor & Benefits 71,759 72,111 (352) 34,375 25,693 8,682 38,000 19,000 12,212 6,788 38,000 - Travel - - - - - - - - 336 (336) - - Travel 3,500 241 3,259 3,500 - 3,500 3,500 1,750 - 1,750 2,500 (1,000) Contractual - - - - - - - - - - - - Contractual 2,000 62,218 (60,218) 1,800 - 1,800 1,800 900 - 900 4,800 3,000 Contractual 59,600 146,790 (87,190) 86,160 63,979 22,181 78,500 39,250 16,635 22,615 75,000 (3,500) Supplies & Materials 10,000 23,616 (13,616) 9,600 - 9,600 9,600 4,800 - 4,800 11,000 1,400 Supplies & Materials 5,000 26,307 (21,307) 35,000 9,918 25,082 10,000 5,000 - 5,000 12,000 2,000 Other Costs 1,500 - 1,500 1,500 - 1,500 1,500 750 - 750 1,900 400 Other Costs 30,000 - 30,000 - - - - - - - - - Bradley Lake Operating Total 245,747 445,271 (199,524) 235,978 132,082 103,896 206,943 103,472 51,723 51,748 203,812 (3,131) FERC 562 ‐ Station Expenses Total 245,747                445,271                (199,524)              235,978                132,082                103,896                206,943                103,472                51,723                  51,748                  203,812                (3,131)                    FERC 571 ‐ Maintenance of Overhead Lines Maint of OH Lines Bradley Lake Operating Labor & Benefits 27,963 12,984 14,979 39,954 39,373 581 16,000 8,000 - 8,000 36,500 20,500 Contractual 100,000 20,523 79,477 150,000 171,636 (21,636) 75,000 37,500 - 37,500 70,000 (5,000) Supplies & Materials 5,000 - 5,000 5,000 1,108 3,892 30,000 15,000 - 15,000 20,000 (10,000) Bradley Lake Operating Total 132,963 33,507 99,456 194,954 212,117 (17,163) 121,000 60,500 - 60,500 126,500 5,500 FERC 571 ‐ Maintenance of Overhead Lines Total 132,963                33,507                  99,456                  194,954                212,117                (17,163)                 121,000                60,500                   ‐                            60,500                  126,500                5,500                     FERC 920 & 930 ‐ Administrative Expense AEA Bradley Fixed Admin Fees Bradley Lake Operating Staff Professional Services (Direct)274,000 212,299 61,701 277,000 270,305 6,695 387,700 193,850 124,386 69,464 312,585 (75,115) Travel - 3,650 (3,650) - 3,888 (3,888) - - 13,095 (13,095) - - Training - - - - 754 (754) - - - - - - Consulting‐Administrative - 1,636 (1,636) - 2,390 (2,390) - - - - - - Supplies & Materials - - - - 4,246 (4,246) - - - - - - Administrative Costs 2,500 59,087 (56,587) 2,500 166,004 (163,504) 2,500 1,250 578 672 172,500 170,000 Bradley Lake Operating Total 276,500 276,672 (172) 279,500 447,588 (168,088) 390,200 195,100 138,059 57,041 485,085 94,885 Bradley Lake Bond Financing Staff Professional Services (Direct)- - - - 18,962 (18,962) - - - - - - Bradley Lake Bond Financing Total - - - - 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 Supplies & Materials - - - - 154 (154) - - - - - - Administrative Costs - - - - (350) 350 - - - - - - General & Administrative Costs Total - - - - (196) 196 - - - - - - Shared ‐ 100% AEA Bradley Lake Administrative Costs - 69,726 (69,726) - - - - - - - - - Shared ‐ 100% AEA Bradley Lake Total - 69,726 (69,726) - - - - - - - - - Operating Committee Exp‐Audit Bradley Lake Operating Administrative Costs 19,900 22,494 (2,594) 19,900 32,520 (12,620) 22,000 11,000 35,030 (24,030) 41,000 19,000 Bradley Lake Operating Total 19,900 22,494 (2,594) 19,900 32,520 (12,620) 22,000 11,000 35,030 (24,030) 41,000 19,000 Operating Committee Exp‐Legal Bradley Lake Operating Administrative Costs 70,000 231,567 (161,567) 70,000 153,966 (83,966) 80,000 40,000 60,671 (20,671) 80,000 - Bradley Lake Operating Total 70,000 231,567 (161,567) 70,000 153,966 (83,966) 80,000 40,000 60,671 (20,671) 80,000 - Operat Committee Exp‐Arbitrage Bradley Lake Operating Administrative Costs 5,000 33 4,967 5,000 - 5,000 - - - - - - Bradley Lake Operating Total 5,000 33 4,967 5,000 - 5,000 - - - - - - Trust & Account Fees Bradley Lake Operating Administrative Costs 13,000 - 13,000 13,000 - 13,000 13,000 6,500 - 6,500 - (13,000) Bradley Lake Operating Total 13,000 - 13,000 13,000 - 13,000 13,000 6,500 - 6,500 - (13,000) Misc Admin Bradley Lake Operating Page 6 of 17 ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT Bradley Lake Operations and Maintenance Budget Schedule B FY 24 FY25  Budget  Actual   (Over) Under  Budget to Date  Budget  Actual   (Over) Under  Budget to Date  Budget   Budget to Date  12/31/23   Actual to Date  12/31/23   (Over) Under  Budget to Date  Budget Draft   Increase  (Decrease) From  PY  FY 22 FY 23 Administrative Costs 12,000 12,976 (976) 12,000 13,604 (1,604) 13,000 6,500 13,663 (7,163) 13,000 - Bradley Lake Operating Total 12,000 12,976 (976) 12,000 13,604 (1,604) 13,000 6,500 13,663 (7,163) 13,000 - Professional Consultants Bradley Lake Operating Labor & Benefits - - - 682,080 642,139 39,941 730,000 365,000 262,280 102,720 744,181 14,181 Travel - - - 58,500 6,376 52,124 58,500 29,250 - 29,250 32,500 (26,000) Contractual 111,818 84,662 27,156 20,000 166,602 (146,602) - - - - - - Consulting‐Administrative - - - - 4,458 (4,458) - - - - - - Supplies & Materials - - - 18,000 6,940 11,060 18,000 9,000 - 9,000 9,000 (9,000) Other Costs - - - 12,000 1,762 10,238 12,000 6,000 - 6,000 - (12,000) Bradley Lake Operating Total 111,818 84,662 27,156 790,580 828,277 (37,697) 818,500 409,250 262,280 146,970 785,681 (32,819) FERC 920 & 930 ‐ Administrative Expense Total 508,218                698,129                (189,911)              1,189,980             1,494,722             (304,742)              1,336,700             668,350                509,703                158,647                1,404,766             68,066                   FERC 924 & 925 ‐ Insurance Premiums Insurance Premiums Bradley Lake Operating Administrative Costs 1,366,444 1,159,992 206,452 984,179 941,333 42,846 1,100,000 550,000 538,712 11,288 1,300,000 200,000 Administrative Costs 16,000 27,254 (11,254) 31,326 33,293 (1,967) 38,300 19,150 15,320 3,830 71,724 33,424 Bradley Lake Operating Total 1,382,444 1,187,246 195,198 1,015,505 974,625 40,880 1,138,300 569,150 554,032 15,118 1,371,724 233,424 Risk Management  Bradley Lake Operating Administrative Costs 25,000 - 25,000 - - - - - - - - - Bradley Lake Operating Total 25,000 - 25,000 - - - - - - - - - FERC 924 & 925 ‐ Insurance Premiums Total 1,407,444             1,187,246             220,198                1,015,505             974,625                40,880                  1,138,300             569,150                554,032                15,118                  1,371,724             233,424                 FERC 923 ‐ Outside Services Employed Outside Services Employed Bradley Lake Operating Consulting‐Administrative - - - 249,375 241,836 7,539 265,000 132,500 44,280 88,220 315,000 50,000 Bradley Lake Operating Total - - - 249,375 241,836 7,539 265,000 132,500 44,280 88,220 315,000 50,000 FERC 923 ‐ Outside Services Employed Total ‐                             ‐                             ‐                            249,375                241,836                7,539                    265,000                132,500                44,280                  88,220                  315,000                50,000                   FERC 928 ‐ Regulatory Commission Expenses FERC Admin Fees Bradley Lake Operating Administrative Costs 150,000 172,565 (22,565) 150,000 126,085 23,915 165,000 82,500 - 82,500 180,000 15,000 Bradley Lake Operating Total 150,000 172,565 (22,565) 150,000 126,085 23,915 165,000 82,500 - 82,500 180,000 15,000 FERC Related Prof Services BRADLEY FERC PART 12 INSPECTION Administrative Costs 25,000 57,905 (32,905) 25,000 435 24,565 - - - - - - BRADLEY FERC PART 12 INSPECTION Total 25,000 57,905 (32,905) 25,000 435 24,565 - - - - - - BRADLEY CONTRACTUAL ENGINEER‐FERC LICENSE ISSUES Administrative Costs 180,000 110,022 69,978 180,000 82,883 97,117 120,000 60,000 51,719 8,281 120,000 - BRADLEY CONTRACTUAL ENGINEER‐FERC LICENSE ISSUES Total 180,000 110,022 69,978 180,000 82,883 97,117 120,000 60,000 51,719 8,281 120,000 - FERC 928 ‐ Regulatory Commission Expenses Total 355,000                340,493                14,507                  355,000                209,404                145,596                285,000                142,500                51,719                  90,781                  300,000                15,000                   O&M 4% Allocation to Battle Creek (190,710)               ‐                            (190,710)              (236,473)               ‐                            (236,473)              (303,768)              (151,884)               ‐                            (151,884)              (320,638)              (16,870)                  Total Bradley Lake Budget 6,606,169             5,897,803             708,366                7,049,495             6,559,966             489,529                7,290,435             3,645,218             2,550,682             1,094,535             7,695,321             404,886                 - - - - - - - - - - - - Page 7 of 17 ALASKA ENERGY AUTHORITYBRADLEY LAKE HYDROELECTRIC PROJECTMonthly Utility Contributions Schedule CABCDEFY2022 FY2023 FY2024 FY2025Annual Annual Annual Annual FY2024 toPercent Amend Amend Approved Proposed FY2025Power PurchaserShareBudgetBudgetBudgetBudgetChangeChugach Electric 56.30%4,563,152 12,601,342 12,686,112 12,376,392 (309,721) Homer Electric 12.00%972,607 2,685,897 2,703,966 2,637,950 (66,015) Matanuska Electric 13.80%1,118,500 3,088,785 3,109,564 3,033,646 (75,917) Golden Valley Electric 16.90%1,369,756 3,782,641 3,808,087 3,715,116 (92,971) City of Seward 1.00%81,051 223,825 225,331 219,829 (5,501) 100.0%8,105,065 22,382,491 22,533,059 21,982,934 (550,126) Percent FY2022 FY2023 FY2024 FY2025 FY2024 toPower PurchaserShareAmend AmendApprovedProposed FY2025MonthlyMonthlyMonthlyMonthlyChangeChugach Electric 56.30%380,263 1,050,112 1,057,176 1,031,366(25,810) Homer Electric 12.00%81,051 223,825 225,330 219,829(5,501) Matanuska Electric 13.80%93,208 257,399 259,130 252,804(6,326) Golden Valley Electric 16.90%114,146 315,220 317,341 309,593(7,748) City of Seward 1.00%6,754 18,652 18,778 18,319(458) 100.0%675,422 1,865,208 1,877,755 1,831,911 (45,844) Page 8 of 17 ALASKA ENERGY AUTHORITYBRADLEY LAKE HYDROELECTRIC PROJECTR&C Fund Disbursements and RepaymentsSchedule DActual ACTUAL Actual ACTUAL PROJECTED PROJECTED PROJECTED PROJECTED TO REPAY TO REPAY TO REPAY TO REPAYDescription Disburse at 06/30/22 Disburse at 06/30/23 Disburse at 06/30/24 Disburse at 06/30/25R&C FUND PROJECTSGovernor- 4,052,070.14 - 4,052,070.14 - 4,052,070.14 - 4,052,070.14 Replace RFLS- 251,092.69 - 251,092.69 - 251,092.69 - 251,092.69 Replace Runners- 1,946,732.79 - 1,946,732.79 - 1,946,732.79 - 1,946,732.79 Replace Cable from Dam to Power House - 2,321,922.94 - 2,321,922.94 - 2,321,922.94 - 2,321,922.94 Replace Power System Stabilizer - 619,205.10 - 619,205.10 - 619,205.10 - 619,205.10 Replace two RTUs- 86,905.27 - 86,905.27 - 86,905.27 - 86,905.27 Culvert Repairs- 675,966.79 - 675,966.79 - 675,966.79 - 675,966.79 Trans Towers Frost Jacking Repairs - 887,596.62 - 887,596.62 - 887,596.62 - 887,596.62 Replace Plant and SCADA Controls - 1,344,683.05 - 1,344,683.05 - 1,344,683.05 - 1,344,683.05 Vibration Monitoring System - 490.00 - 490.00 - 490.00 - 490.00 Fire Alarm System Replacement 28,593.37 134,224.61 3,172.50 137,397.11 1,338,000.00 1,475,397.11 1,307,298.89 2,782,696.00 Battle Creek Diversion - 1,170,000.00 - 1,170,000.00 - 1,170,000.00 - 1,170,000.00 Replace Electro-Mechanical Relays - 1,277,197.06 - 1,277,197.06 - 1,277,197.06 - 1,277,197.06 Fishwater Screen Debris Removal - 312,236.43 - 312,236.43 - 312,236.43 - 312,236.43 Turbine Nozzle Repair - 1,428,861.07 - 1,428,861.07 - 1,428,861.07 - 1,428,861.07 SVC replacement Daves Creek | Soldotna - 8,517,991.11 - 8,517,991.11 - 8,517,991.11 - 8,517,991.11 Equipment Storage Shed - 510,550.13 - 510,550.13 - 510,550.13 - 510,550.13 Emerson Operating System Upgrade - 622,665.00 - 622,665.00 - 622,665.00 - 622,665.00 Generator #2 Relacement - 953,212.71 - 953,212.71 - 953,212.71 - 953,212.71 Road Grader 342,330.00 342,330.00 - 342,330.00 - 342,330.00 - 342,330.00 Battle Creek Construction - 3,739,590.93 - 3,739,590.93 - 3,739,590.93 - 3,739,590.93 Battle Creek Cash Call - 750,000.00 - 750,000.00 - 750,000.00 - 750,000.00 Repayment through Cash Call - (750,000.00) - (750,000.00) - (750,000.00) - (750,000.00) Needle Rapairs- 1,482,791.23 - 1,482,791.23 - 1,482,791.23 - 1,482,791.23 Construct additional residence 69,593.86 69,593.86 125,174.85 194,768.71 910,000.00 1,104,768.71 - 1,104,768.71 Spillway Raise & Expansion Project (Dixon Diversion) 547,699.29 547,699.29 661,031.21 1,208,730.50 252,000.00 1,460,730.50 839,269.50 2,300,000.00 Needle Valve Rebuild - - - - 1,579,535.00 1,579,535.00 1,719,535.00 3,299,070.00 Barge Dock Rehabilitation - - - - - - 600,000.00 600,000.00 988,216.52 33,295,608.82 789,378.56 34,084,987.38 4,079,535.00 38,164,522.38 4,466,103.39 42,030,625.774th yr 428,889.20 3rd yr 103,012.53 4th yr 103,012.53 4th yr2nd yr 1,321,708.58 3rd yr 1,321,708.58 4th yr 1,321,708.58 4th yr1st yr 247,054.13 2nd yr 247,054.13 3rd yr 247,054.13 4th yr 247,054.13 4th yr1st yr 197,344.64 2nd yr 197,344.64 3rd yr 197,344.64 3rd yr1st yr 1,019,883.75 2nd yr 1,019,883.75 2nd yr1st yr 1,116,525.85 1st yr2,100,664.44 1,869,119.88 2,785,991.10 2,580,808.37 Page 9 of 17 ALASKA ENERGY AUTHORITYBRADLEY LAKE HYDROELECTRIC PROJECTBattle CreekCapital Purchases (not funded by R&C Fund)Schedule EFY22 FY23 FY24 FY22 FY23 FY24 FY25Actuals Amend Amend Approved ProposedActualsActuals@12/31/23BudgetBudgetBudgetBudgetBattle Creek Associated Costs 22,196 11,986 - 15,000 15,000 15,000 - Vent Enlargment 13,077 32,407 - 50,000 50,000 - - Pressure Sensor with SCADA 2,807 27,030 - 25,000 25,000 - - Power Feed to LBC Bridge 19,548 - - 25,000 - - - Survey and Monument DNR Lease - - 41,279 - - 150,000 5,000 Total Non R&C Capital Purchases 57,628 71,423 41,279 115,000 90,000 165,000 5,000 Capital Construction Project DescriptionPage 10 of 17 ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT Battle Creek Operations & Maintenance Budget Schedule F FY 24 FY25  Budget  Actual   (Over) Under  Budget to Date  Budget  Actual   (Over) Under  Budget to Date  Budget   Budget to Date  12/31/23   Actual to Date  12/31/23   (Over) Under  Budget to Date  Budget Draft   Increase  (Decrease) From  PY  Summary by expense type Staff Professional Services (Direct)71,000 26,505 44,495 - 58,017 (58,017) 50,000 25,000 32,557 (7,557) 50,000 - Labor & Benefits - 48,457 (48,457) - 82,339 (82,339) - - 28,256 (28,256) 10,000 10,000 Travel - 358 (358) - 537 (537) - - 1,027 (1,027) - - Training - 682 (682) - 940 (940) - - 251 (251) - - Contractual 126,000 149,484 (23,484) 126,000 164,132 (38,132) 125,000 62,500 92,547 (30,047) 201,300 76,300 Consulting‐Administrative - 60 (60) - 17,560 (17,560) - - 1,845 (1,845) - - Supplies & Materials - 9,628 (9,628) - 5,862 (5,862) - - 2,721 (2,721) 5,000 5,000 Other Costs - 2,376 (2,376) - 2,920 (2,920) - - 1,085 (1,085) - - Equipment, Furniture & Machinery - 239 (239) - 346 (346) - - 1,226 (1,226) - - Administrative Costs 11,900 131,166 (119,266) 54,900 78,084 (23,184) 11,500 5,750 29,249 (23,499) 14,000 2,500 Indirect Costs - 50,826 (50,826) - 62,821 (62,821) - - 21,947 (21,947) - - O&M 4% Allocation to Battle Creek 190,710 - 190,710 236,473 - 236,473 303,768 151,884 - 151,884 320,638 16,870 Total Bradley Lake Budget 399,610                419,780                (20,170)                 417,373                473,557                (56,184)                 490,268                245,134                212,712                32,422                  600,938                110,670                 FERC 535 ‐ Operation Supervision & Engineering Operations Sup/Eng Battle Creek Operating Labor & Benefits - 3,989 (3,989) - 5,090 (5,090) - - 1,912 (1,912) 1,500 1,500 Travel - 77 (77) - 25 (25) - - 37 (37) - - Training - 192 (192) - - - - - 24 (24) - - Supplies & Materials - 44 (44) - 13 (13) - - - - 1,000 1,000 Indirect Costs - 5,485 (5,485) - 6,803 (6,803) - - 2,639 (2,639) - - Battle Creek Operating Total - 9,788 (9,788) - 11,931 (11,931) - - 4,611 (4,611) 2,500 2,500 FERC 535 ‐ Operation Supervision & Engineering Total ‐                            9,788                    (9,788)                    ‐                            11,931                  (11,931)                  ‐                             ‐                            4,611                    (4,611)                   2,500                    2,500                     FERC 537 ‐ Hydraulic Expenses Hydraulic Expenses Battle Creek Operating Labor & Benefits - 3,019 (3,019) - 3,557 (3,557) - - 1,162 (1,162) 1,500 1,500 Travel - 3 (3) - - - - - - - - - Contractual 81,000 66,287 14,713 81,000 65,278 15,722 70,000 35,000 52,616 (17,616) 70,000 - Contractual - - - - - - - - - - 75,000 75,000 Supplies & Materials - 22 (22) - 75 (75) - - 32 (32) 1,000 1,000 Indirect Costs - 4,014 (4,014) - 4,911 (4,911) - - 1,645 (1,645) - - Battle Creek Operating Total 81,000 73,345 7,655 81,000 73,821 7,179 70,000 35,000 55,456 (20,456) 147,500 77,500 FERC 537 ‐ Hydraulic Expenses Total 81,000                  73,345                  7,655                    81,000                  73,821                  7,179                    70,000                  35,000                  55,456                  (20,456)                 147,500                77,500                   FERC 538 ‐ Electric Expenses Electric Expenses BRADLEY CIRCUITS/RADIO TO BERNICE LK BRADLEY CIRCUITS/RADIO TO BERNICE LK Total - - - - - - - - - - - - Battle Creek Operating Labor & Benefits - 9,566 (9,566) - 10,507 (10,507) - - 3,525 (3,525) 1,500 1,500 Travel - 206 (206) - 85 (85) - - - - - - Training - 461 (461) - 867 (867) - - 227 (227) - - Supplies & Materials - 2 (2) - 184 (184) - - 277 (277) 1,000 1,000 Administrative Costs - 1,776 (1,776) - - - - - - - - - Indirect Costs - 9,271 (9,271) - 11,814 (11,814) - - 4,096 (4,096) - - Battle Creek Operating Total - 21,282 (21,282) - 23,457 (23,457) - - 8,125 (8,125) 2,500 2,500 FERC 538 ‐ Electric Expenses Total ‐                            21,282                  (21,282)                  ‐                            23,457                  (23,457)                  ‐                             ‐                            8,125                    (8,125)                   2,500                    2,500                     FERC 539 ‐ Misc. Hydraulic Power Generation Expenses Misc Hydro Power Exp BRADLEY CIRCUITS/RADIO TO BERNICE LK Other Costs - 538 (538) - - - - - - - - - BRADLEY CIRCUITS/RADIO TO BERNICE LK Total - 538 (538) - - - - - - - - - BRADLEY CIRCUITS BERNICE LK TO ANCH Other Costs - 84 (84) - - - - - - - - - BRADLEY CIRCUITS BERNICE LK TO ANCH Total - 84 (84) - - - - - - - - - Battle Creek Operating Labor & Benefits - 2,952 (2,952) - 4,197 (4,197) - - 1,338 (1,338) 1,500 1,500 Training - 28 (28) - 42 (42) - - - - - - Contractual - 9,860 (9,860) - 10,529 (10,529) - - 6,425 (6,425) - - Supplies & Materials - 1,288 (1,288) - 918 (918) - - 134 (134) 1,000 1,000 Other Costs - 1,742 (1,742) - 2,836 (2,836) - - 1,085 (1,085) - - Indirect Costs - 4,044 (4,044) - 5,578 (5,578) - - 1,900 (1,900) - - Battle Creek Operating Total - 19,915 (19,915) - 24,101 (24,101) - - 10,881 (10,881) 2,500 2,500 FERC 539 ‐ Misc. Hydraulic Power Generation Expenses Total ‐                            20,537                  (20,537)                  ‐                            24,101                  (24,101)                  ‐                             ‐                            10,881                  (10,881)                 2,500                    2,500                     FERC 541 ‐ Maintenance Supervision & Engineering Maint Supervision/Eng Battle Creek Operating Labor & Benefits - 4,358 (4,358) - 5,120 (5,120) - - 1,873 (1,873) 2,500 2,500 Indirect Costs - 5,530 (5,530) - 6,803 (6,803) - - 2,678 (2,678) - - Battle Creek Operating Total - 9,888 (9,888) - 11,923 (11,923) - - 4,550 (4,550) 2,500 2,500 FERC 541 ‐ Maintenance Supervision & Engineering Total ‐                            9,888                    (9,888)                    ‐                            11,923                  (11,923)                  ‐                             ‐                            4,550                    (4,550)                   2,500                    2,500                     FERC 542 ‐ Maintenance of Structures Maintenance of Structures Battle Creek Operating Labor & Benefits - 2,721 (2,721) - 3,242 (3,242) - - 1,130 (1,130) 1,500 1,500 Contractual - 2,715 (2,715) - 2,488 (2,488) - - 55 (55) - - Supplies & Materials - 1,604 (1,604) - 470 (470) - - 284 (284) 1,000 1,000 Equipment, Furniture & Machinery - 239 (239) - 296 (296) - - 143 (143) - - Administrative Costs - 317 (317) - - - - - - - - - Indirect Costs - 3,419 (3,419) - 4,474 (4,474) - - 1,564 (1,564) - - Battle Creek Operating Total - 11,015 (11,015) - 10,970 (10,970) - - 3,176 (3,176) 2,500 2,500 FERC 542 ‐ Maintenance of Structures Total ‐                            11,015                  (11,015)                  ‐                            10,970                  (10,970)                  ‐                             ‐                            3,176                    (3,176)                   2,500                    2,500                     FERC 543 ‐ Maintenance of Reservoirs, Dams & Waterways Maint Res, Dams, WWays Battle Creek Operating Labor & Benefits - 20 (20) - 73 (73) - - 28 (28) - - Contractual - - - - 213 (213) - - - - - - Indirect Costs - 24 (24) - 79 (79) - - 38 (38) - - Battle Creek Operating Total - 44 (44) - 366 (366) - - 66 (66) - - FERC 543 ‐ Maintenance of Reservoirs, Dams & Waterways Total ‐                            44                         (44)                         ‐                            366                       (366)                       ‐                             ‐                            66                         (66)                         ‐                             ‐                             FERC 544 ‐ Maintenance of Electric Plant Maintenance of Elec Plant Battle Creek Operating Labor & Benefits - 11,246 (11,246) - 12,941 (12,941) - - 4,123 (4,123) - - Travel - 18 (18) - - - - - - - - - Contractual - 4,839 (4,839) - 132 (132) - - 219 (219) - - Supplies & Materials - 906 (906) - 1,248 (1,248) - - 944 (944) - - Indirect Costs - 15,296 (15,296) - 17,850 (17,850) - - 5,907 (5,907) - - Battle Creek Operating Total - 32,304 (32,304) - 32,171 (32,171) - - 11,193 (11,193) - - FERC 544 ‐ Maintenance of Electric Plant Total ‐                            32,304                  (32,304)                  ‐                            32,171                  (32,171)                  ‐                             ‐                            11,193                  (11,193)                  ‐                             ‐                             FERC 545 ‐ Maintenance of Misc. Hydraulic Plant Maint of Misc Hydr Plant Battle Creek Operating Labor & Benefits - 2,736 (2,736) - 3,293 (3,293) - - 1,037 (1,037) - - FY 22 FY 23 Page 11 of 17 ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT Battle Creek Operations & Maintenance Budget Schedule F FY 24 FY25  Budget  Actual   (Over) Under  Budget to Date  Budget  Actual   (Over) Under  Budget to Date  Budget   Budget to Date  12/31/23   Actual to Date  12/31/23   (Over) Under  Budget to Date  Budget Draft   Increase  (Decrease) From  PY  FY 22 FY 23 Contractual - - - - 303 (303) - - 317 (317) - - Supplies & Materials - 3,188 (3,188) - 1,756 (1,756) - - 568 (568) - - Equipment, Furniture & Machinery - - - - 49 (49) - - 1,083 (1,083) - - Indirect Costs - 3,744 (3,744) - 4,508 (4,508) - - 1,480 (1,480) - - Battle Creek Operating Total - 9,668 (9,668) - 9,909 (9,909) - - 4,486 (4,486) - - FERC 545 ‐ Maintenance of Misc. Hydraulic Plant Total ‐                            9,668                    (9,668)                    ‐                            9,909                    (9,909)                    ‐                             ‐                            4,486                    (4,486)                    ‐                             ‐                             FERC 556 ‐ System Control & Load Dispatching System Cntl & Load Disp Battle Creek Operating Labor & Benefits - 542 (542) - 969 (969) - - 235 (235) - - Contractual - 4,166 (4,166) - 6,273 (6,273) - - 35 (35) - - Supplies & Materials - 303 (303) - 177 (177) - - - - - - Battle Creek Operating Total - 5,011 (5,011) - 7,418 (7,418) - - 270 (270) - -  Snow Measurement Battle Creek Operating Contractual - 493 (493) - 400 (400) - - 400 (400) - - Battle Creek Operating Total - 493 (493) - 400 (400) - - 400 (400) - -  Seismic Service Battle Creek Operating Contractual - 2,147 (2,147) - 2,804 (2,804) - - 767 (767) - - Battle Creek Operating Total - 2,147 (2,147) - 2,804 (2,804) - - 767 (767) - -  Streamguaging Serv Battle Creek Operating Contractual 45,000 52,793 (7,793) 45,000 67,062 (22,062) 55,000 27,500 31,020 (3,520) 56,300 1,300 Battle Creek Operating Total 45,000 52,793 (7,793) 45,000 67,062 (22,062) 55,000 27,500 31,020 (3,520) 56,300 1,300 Permits Battle Creek Operating Other Costs - 12 (12) - 10 (10) - - - - - - Battle Creek Operating Total - 12 (12) - 10 (10) - - - - - - FERC 556 ‐ System Control & Load Dispatching Total 45,000                  60,457                  (15,457)                 45,000                  77,693                  (32,693)                 55,000                  27,500                  32,457                  (4,957)                   56,300                  1,300                     FERC 562 ‐ Station Expenses Station Expenses Battle Creek Operating Labor & Benefits - 7,242 (7,242) - 2,596 (2,596) - - 967 (967) - - Travel - 11 (11) - - - - - 14 (14) - - Contractual - 5,338 (5,338) - 2,785 (2,785) - - 693 (693) - - Supplies & Materials - 2,271 (2,271) - 482 (482) - - 481 (481) - - Battle Creek Operating Total - 14,862 (14,862) - 5,864 (5,864) - - 2,155 (2,155) - - FERC 562 ‐ Station Expenses Total ‐                            14,862                  (14,862)                  ‐                            5,864                    (5,864)                    ‐                             ‐                            2,155                    (2,155)                    ‐                             ‐                             FERC 571 ‐ Maintenance of Overhead Lines Maint of OH Lines Battle Creek Operating Labor & Benefits - 67 (67) - 1,641 (1,641) - - - - - - Contractual - 106 (106) - 7,152 (7,152) - - - - - - Supplies & Materials - - - - 46 (46) - - - - - - Battle Creek Operating Total - 174 (174) - 8,838 (8,838) - - - - - - FERC 571 ‐ Maintenance of Overhead Lines Total ‐                            174                       (174)                       ‐                            8,838                    (8,838)                    ‐                             ‐                             ‐                             ‐                             ‐                             ‐                             FERC 920 & 930 ‐ Administrative Expense AEA Bradley Fixed Admin Fees Bradley Lake Operating Bradley Lake Operating Total - - - - - - - - - - - - Battle Creek Vent Enlargement Battle Creek Vent Enlargement Total - - - - - - - - - - - - Battle Creek Operating Staff Professional Services (Direct)71,000 26,505 44,495 - 58,017 (58,017) 50,000 25,000 32,557 (7,557) 50,000 - Travel - 42 (42) - 162 (162) - - 977 (977) - - Training - - - - 31 (31) - - - - - - Consulting‐Administrative - 60 (60) - 100 (100) - - - - - - Supplies & Materials - - - - 203 (203) - - - - - - Administrative Costs - 30,409 (30,409) 43,000 3,379 39,621 - - 38 (38) - - Battle Creek Operating Total 71,000 57,016 13,984 43,000 61,891 (18,891) 50,000 25,000 33,571 (8,571) 50,000 - Shared ‐ 100% AEA Bradley Lake Administrative Costs - 681 (681) - - - - - - - - - Shared ‐ 100% AEA Bradley Lake Total - 681 (681) - - - - - - - - - Shared ‐ 100% AEA Battle Creek Administrative Costs - 9,533 (9,533) - - - - - - - - - Shared ‐ 100% AEA Battle Creek Total - 9,533 (9,533) - - - - - - - - - Operating Committee Exp‐Audit Battle Creek Operating Administrative Costs - 1,166 (1,166) - 1,355 (1,355) - - 1,460 (1,460) - - Battle Creek Operating Total - 1,166 (1,166) - 1,355 (1,355) - - 1,460 (1,460) - - Operating Committee Exp‐Legal Bradley Battle Creek Diversion Administrative Costs - 133 (133) - - - - - - - - - Bradley Battle Creek Diversion Total - 133 (133) - - - - - - - - - Battle Creek Operating Administrative Costs 5,000 17,373 (12,373) 5,000 7,042 (2,042) 5,000 2,500 1,943 557 5,000 - Battle Creek Operating Total 5,000 17,373 (12,373) 5,000 7,042 (2,042) 5,000 2,500 1,943 557 5,000 - Operat Committee Exp‐Arbitrage Bradley Lake Operating Administrative Costs - - - - 1,690 (1,690) - - - - 2,500 2,500 Bradley Lake Operating Total - - - - 1,690 (1,690) - - - - 2,500 2,500 Battle Creek Operating Administrative Costs 2,000 1,692 308 2,000 - 2,000 - - - - - - Battle Creek Operating Total 2,000 1,692 308 2,000 - 2,000 - - - - - - Trust & Account Fees Bradley Battle Creek Diversion Bradley Battle Creek Diversion Total - - - - - - - - - - - - Battle Creek Operating Administrative Costs 4,800 4,058 742 4,800 4,000 800 5,500 2,750 - 2,750 5,500 - Battle Creek Operating Total 4,800 4,058 742 4,800 4,000 800 5,500 2,750 - 2,750 5,500 - Misc Admin Battle Creek Operating Administrative Costs 100 654 (554) 100 567 (467) 1,000 500 569 (69) 1,000 - Battle Creek Operating Total 100 654 (554) 100 567 (467) 1,000 500 569 (69) 1,000 - Professional Consultants Bradley Lake Operating Bradley Lake Operating Total - - - - - - - - - - - - Battle Creek Operating Labor & Benefits - - - - 29,115 (29,115) - - 10,928 (10,928) - - Travel - - - - 266 (266) - - - - - - Contractual - 739 (739) - (1,288) 1,288 - - - - - - Consulting‐Administrative - - - - 186 (186) - - - - - - Supplies & Materials - - - - 289 (289) - - - - - - Other Costs - - - - 73 (73) - - - - - - Page 12 of 17 ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT Battle Creek Operations & Maintenance Budget Schedule F FY 24 FY25  Budget  Actual   (Over) Under  Budget to Date  Budget  Actual   (Over) Under  Budget to Date  Budget   Budget to Date  12/31/23   Actual to Date  12/31/23   (Over) Under  Budget to Date  Budget Draft   Increase  (Decrease) From  PY  FY 22 FY 23 Battle Creek Operating Total - 739 (739) - 28,641 (28,641) - - 10,928 (10,928) - - FERC 920 & 930 ‐ Administrative Expense Total 82,900                  93,044                  (10,144)                 54,900                  105,186                (50,286)                 61,500                  30,750                  48,471                  (17,721)                 64,000                  2,500                     FERC 924 & 925 ‐ Insurance Premiums Insurance Premiums Battle Creek Operating Administrative Costs - 56,628 (56,628) - 44,104 (44,104) - - 23,085 (23,085) - - Battle Creek Operating Total - 56,628 (56,628) - 44,104 (44,104) - - 23,085 (23,085) - - FERC 924 & 925 ‐ Insurance Premiums Total ‐                            56,628                  (56,628)                  ‐                            44,104                  (44,104)                  ‐                             ‐                            23,085                  (23,085)                  ‐                             ‐                             FERC 923 ‐ Outside Services Employed Outside Services Employed Battle Creek Operating Consulting‐Administrative - - - - 17,274 (17,274) - - 1,845 (1,845) - - Battle Creek Operating Total - - - - 17,274 (17,274) - - 1,845 (1,845) - - FERC 923 ‐ Outside Services Employed Total ‐                             ‐                             ‐                             ‐                            17,274                  (17,274)                  ‐                             ‐                            1,845                    (1,845)                    ‐                             ‐                             FERC 928 ‐ Regulatory Commission Expenses FERC Admin Fees Battle Creek Operating Administrative Costs - 1,685 (1,685) - 5,254 (5,254) - - - - - - Battle Creek Operating Total - 1,685 (1,685) - 5,254 (5,254) - - - - - - FERC Related Prof Services BRADLEY FERC PART 12 INSPECTION Administrative Costs - 566 (566) - - - - - - - - - BRADLEY FERC PART 12 INSPECTION Total - 566 (566) - - - - - - - - - BRADLEY CONTRACTUAL ENGINEER‐FERC LICENSE ISSUES Administrative Costs - 1,075 (1,075) - - - - - - - - - BRADLEY CONTRACTUAL ENGINEER‐FERC LICENSE ISSUES Total - 1,075 (1,075) - - - - - - - - - Battle Creek Operating Administrative Costs - 3,419 (3,419) - 10,695 (10,695) - - 2,155 (2,155) - - Battle Creek Operating Total - 3,419 (3,419) - 10,695 (10,695) - - 2,155 (2,155) - - FERC 928 ‐ Regulatory Commission Expenses Total ‐                            6,745                    (6,745)                    ‐                            15,948                  (15,948)                  ‐                             ‐                            2,155                    (2,155)                    ‐                             ‐                             O&M 4% Allocation to Battle Creek 190,710                 ‐                            190,710                236,473                 ‐                            236,473                303,768                151,884                 ‐                            151,884                320,638                16,870                   Total Bradley Lake Budget 399,610                419,780                (20,170)                 417,373                473,557                (56,184)                 490,268                245,134                212,712                32,422                  600,938                110,670                 - - 0 - - - - - - (0) - - Page 13 of 17 ALASKA ENERGY AUTHORITYBRADLEY LAKE HYDROELECTRIC PROJECTBattle Creek Monthly Participating Purchaser ContributionsSchedule GABCDEFFY2022 FY2023 FY2024 FY2025FY2022 Current Annual Annual Annual Annual FY2024 toPercent Percent Amend Amend Approved Proposed FY2025POWER PURCHASERShareShareBudgetBudgetBudgetBudgetChangeChugach Electric 32.72% 30.40%1,166,459 1,085,180 1,127,194 688,590 (438,604) Homer Electric 34.44% 37.90%1,227,478 1,352,906 1,405,285 858,472 (546,813) Matanuska Electric 14.86% 13.80%529,616 492,615 511,687 312,583 (199,103) Golden Valley Electric 16.90% 16.90%602,393 603,275 626,631 382,801 (243,829) City of Seward 1.08% 1.00%38,507 35,697 37,079 22,651 (14,428) 100.00% 100.00%3,564,453 3,569,672 3,707,875 2,265,097 (1,442,778) Previous Current FY2022 FY2023 FY2024 FY2025 FY2024 toPercent Percent Amend Amend Approved Proposed FY2025POWER PURCHASERShareShareMonthlyMonthlyMonthlyMonthlyChangeChugach Electric 32.72% 30.40%97,204.95 90,432 93,932.83 57,382 (36,550) Homer Electric 34.44% 37.90%102,290 112,742 117,107 71,539 (45,568) Matanuska Electric 14.86% 13.80%44,135 41,051 42,641 26,049 (16,592) Golden Valley Electric 16.90% 16.90%50,199 50,273 52,219 31,900 (20,319) City of Seward 1.08% 1.00%3,209 2,975 3,090 1,888 (1,202) 100.00% 100.00%297,038 297,473 308,990 188,758 (120,231) Page 14 of 17 ALASKA ENERGY AUTHORITYBRADLEY LAKE HYDROELECTRIC PROJECTSSQ Line Capital Purchases (not funded by R&C Fund)Schedule HFY22 FY23 FY24 FY22 FY23 FY24 FY25Actuals Amend Amend Approved ProposedActualsActuals@12/31/23BudgetBudgetBudgetBudgetSSQ Line Access Documentation 144,482 23,555 - - - - - SSQ Line Acquisition Costs 2,026 - - - - - - SSQ Soldotna-Quartz Creek 230kV Construction 91,051 441,262 - 750,000 - - - Total Non R&C Capital Purchases 237,559 464,817 - 750,000 - - - Capital Project DescriptionPage 15 of 17 ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT SSQ Line Operations and Maintenance Budget Schedule I FY 24 FY25  Budget  Actual   (Over) Under  Budget to Date  Budget  Actual   (Over) Under  Budget to Date  Budget   Budget to Date  12/31/23   Actual to Date  12/31/23   (Over) Under  Budget to Date  Budget Draft   Increase  (Decrease) From  PY  Summary by expense type Staff Professional Services (Direct)42,000 8,473 33,527 53,000 50,664 2,336 15,000 7,500 31,129 (23,629) 40,000 25,000 Labor & Benefits 85,820 5,158 80,662 56,999 521 56,478 50,000 25,000 - 25,000 50,000 - Travel - 404 (404) - - - - - - - - - Contractual 250,000 182,178 67,822 200,000 12,768 187,232 175,000 87,500 - 87,500 150,000 (25,000) Permitting - 2,848 (2,848) - - - 40,000 20,000 2,969 17,031 36,878 (3,122) Supplies & Materials 56,992 1,561 55,431 25,000 2,808 22,192 25,000 12,500 - 12,500 20,000 (5,000) Other Costs 7,711 1,250 6,461 - 103,186 (103,186) - - 1,250 (1,250) - - Equipment, Furniture & Machinery - - - - 29 (29) - - - - - - Administrative Costs 2,000 66,128 (64,128) 2,000 100,387 (98,387) 2,000 1,000 - 1,000 47,000 45,000 O&M 4% Allocation to Battle Creek - - - - - - - - - - - - Total Bradley Lake Budget 444,523                268,001                176,522                336,999                270,363                66,636                  307,000                153,500                35,348                  118,152                343,878                36,878                   FERC 540 ‐ Rents FERC Land Use Fee SSQ Line Operating Other Costs - 1,250 (1,250) - 103,186 (103,186) - - 1,250 (1,250) - - SSQ Line Operating Total - 1,250 (1,250) - 103,186 (103,186) - - 1,250 (1,250) - - FERC 540 ‐ Rents Total ‐                            1,250                    (1,250)                    ‐                            103,186                (103,186)               ‐                             ‐                            1,250                    (1,250)                    ‐                             ‐                             FERC 556 ‐ System Control & Load Dispatching Permits SSQ Line Operating Permitting - 2,848 (2,848) - - - 40,000 20,000 2,969 17,031 36,878 (3,122) SSQ Line Operating Total - 2,848 (2,848) - - - 40,000 20,000 2,969 17,031 36,878 (3,122) FERC 556 ‐ System Control & Load Dispatching Total ‐                            2,848                    (2,848)                    ‐                             ‐                             ‐                            40,000                  20,000                  2,969                    17,031                  36,878                  (3,122)                    FERC 571 ‐ Maintenance of Overhead Lines Maint of OH Lines SSQ Line Operating Labor & Benefits 85,820 5,158 80,662 56,999 521 56,478 50,000 25,000 - 25,000 50,000 - Travel - 404 (404) - - - - - - - - - Contractual 100,000 30,422 69,578 50,000 12,768 37,232 25,000 12,500 - 12,500 - (25,000) Contractual 150,000 151,756 (1,756) 150,000 - 150,000 150,000 75,000 - 75,000 150,000 - Supplies & Materials 56,992 1,561 55,431 25,000 - 25,000 25,000 12,500 - 12,500 20,000 (5,000) Other Costs 7,711 - 7,711 - - - - - - - - - Equipment, Furniture & Machinery - - - - 29 (29) - - - - - - SSQ Line Operating Total 400,523 189,301 211,222 281,999 13,318 268,681 250,000 125,000 - 125,000 220,000 (30,000) FERC 571 ‐ Maintenance of Overhead Lines Total 400,523                189,301                211,222                281,999                13,318                  268,681                250,000                125,000                 ‐                            125,000                220,000                (30,000)                  FERC 920 & 930 ‐ Administrative Expense AEA Bradley Fixed Admin Fees SSQ Capital Acquisition SSQ Capital Acquisition Total - - - - - - - - - - - - SSQ Line Operating Staff Professional Services (Direct)42,000 8,473 33,527 53,000 50,664 2,336 15,000 7,500 31,129 (23,629) 40,000 25,000 Supplies & Materials - - - - 2,417 (2,417) - - - - - - Administrative Costs - 39,776 (39,776) - 87,510 (87,510) - - - - 20,000 20,000 SSQ Line Operating Total 42,000 48,250 (6,250) 53,000 140,590 (87,590) 15,000 7,500 31,129 (23,629) 60,000 45,000 SSQ Line ‐ 69kV Remediation SSQ Line ‐ 69kV Remediation Total - - - - - - - - - - - - SSQ Line Sterling‐Qtz Ck 230kV Construction SSQ Line Sterling‐Qtz Ck 230kV Construction Total - - - - - - - - - - - - General & Administrative Costs Supplies & Materials - - - - 391 (391) - - - - - - Administrative Costs - - - - 10,877 (10,877) - - - - - - General & Administrative Costs Total - - - - 11,268 (11,268) - - - - - - Shared ‐ 100% AEA SSQ Line Administrative Costs - 2,310 (2,310) - - - - - - - - - Shared ‐ 100% AEA SSQ Line Total - 2,310 (2,310) - - - - - - - - - Shared ‐ 100% AEA Audit Shared ‐ 100% AEA Audit Total - - - - - - - - - - - - Operating Committee Exp‐Legal SSQ Line Operating Administrative Costs - 22,042 (22,042) - - - - - - - - - SSQ Line Operating Total - 22,042 (22,042) - - - - - - - - - Trust & Account Fees SSQ Line Operating Administrative Costs 2,000 2,000 - 2,000 2,000 - 2,000 1,000 - 1,000 2,000 - SSQ Line Operating Total 2,000 2,000 - 2,000 2,000 - 2,000 1,000 - 1,000 2,000 - FERC 920 & 930 ‐ Administrative Expense Total 44,000                  74,602                  (30,602)                 55,000                  153,858                (98,858)                 17,000                  8,500                    31,129                  (22,629)                 62,000                  45,000                   FERC 928 ‐ Regulatory Commission Expenses FERC Admin Fees SSQ Line Operating Administrative Costs - - - - - - - - - - 25,000 25,000 SSQ Line Operating Total - - - - - - - - - - 25,000 25,000 FERC 928 ‐ Regulatory Commission Expenses Total ‐                             ‐                             ‐                             ‐                             ‐                             ‐                             ‐                             ‐                             ‐                             ‐                            25,000                  25,000                   O&M 4% Allocation to Battle Creek ‐                             ‐                             ‐                             ‐                             ‐                             ‐                             ‐                             ‐                             ‐                             ‐                             ‐                             ‐                             Total Bradley Lake Budget 444,523                268,001                176,522                336,999                270,363                66,636                  307,000                153,500                35,348                  118,152                343,878                36,878                   - - - - - - - - - - - - FY 22 FY 23 Page 16 of 17 ALASKA ENERGY AUTHORITYBRADLEY LAKE HYDROELECTRIC PROJECTSSQ LineMonthly Utility Contributions Schedule JABCDEFFY2022 FY2023 FY2024 FY2025Annual Annual Annual Annual FY2024 toPercent Amend Amend Approved Proposed FY2025Power PurchaserShareBudgetBudgetBudgetBudgetChangeChugach Electric 56.30%1,267,037 427,252 418,621 409,342 (9,280) Homer Electric 12.00%270,061 91,066 89,227 87,249 (1,978) Matanuska Electric 13.80%310,571 104,726 102,611 100,336 (2,275) Golden Valley Electric 16.90%380,336 128,251 125,661 122,875 (2,786) City of Seward 1.00%22,505 7,589 7,436 7,271 (165) 100.00%2,250,511 758,884 743,555 727,072 (16,482) FY2022 FY2023 FY2024 FY2025 FY2024 toPower PurchaserPercent Amend Amend Approved Proposed FY2025ShareMonthlyMonthlyMonthlyMonthlyChangeChugach Electric 56.30%105,586 35,604 34,885 34,112 (773) Homer Electric 12.00%22,505 7,589 7,436 7,271 (165) Matanuska Electric 13.80%25,881 8,727 8,551 8,361 (190) Golden Valley Electric 16.90%31,695 10,688 10,472 10,240 (232) City of Seward 1.00%1,875 632 620 606 (14) 100.0%187,543 63,240 61,963 60,589 (1,374) Page 17 of 17 813 West Northern Lights Boulevard, Anchorage, Alaska 99503 T 907.771.3000 Toll Free 888.300.8534 F 907.771.3044 Page 1 of 2 March 22, 2024 Alaska Energy Authority 813 W. Northern Lights Blvd. Anchorage, Alaska 99503 RE: EPA-R-OAR-CPRGI-23-07: Alaska Energy Authority, Individual Application – Dixon Diversion Project Administrator Regan, The Bradley Lake Management Committee (BPMC) is writing in support of an application submitted by the Alaska Energy Authority (AEA) for funding the Climate Pollution Reduction Grants (CPRG) Implementation General Competition for the Dixon Diversion Project (the “Project”). The Project is a significant and transformative expansion of the existing Bradley Lake Hydroelectric Project (Bradley Lake), a 120-megawatt facility owned by AEA and managed by the BPMC that generates about 10 percent of the total annual power used by Railbelt electric utilities serving 550,000 Alaskans at some of the lowest cost energy in Alaska. The BPMC is comprised of representatives from AEA and the five electric utilities that serve the Railbelt and purchase power from Bradley Lake through an established Power Sales Agreement. By utilizing existing energy infrastructure, the Project allows for a significant renewable resource to be developed on an extremely small footprint and represents the largest renewable energy project in Alaska in the last 30 years. The Project would leverage the existing assets at Bradley Lake to generate an additional 190,800 megawatt-hours per year, increasing Bradley Lake's annual average energy output by almost 50%, and offsetting approximately 106,668 MTCO2e of emissions annually. This additional hydroelectric generation would displace 1.5 billion cubic feet of Cook Inlet natural gas, or approximately 7.5% of the unmet natural gas demand for Alaska's Railbelt region in 2030. Cook Inlet natural gas supply shortages are anticipated to occur within the next three years, placing upward supply-side pressure on natural gas prices, widening the gap between low-cost hydroelectric and natural-gas fired generation. The Project directly benefits the 75 percent of the state’s population connected to the grid and indirectly benefits Alaskans in 188 rural communities that are geographically isolated from the Railbelt but are eligible for Alaska’s rural electric subsidy Power Cost Equalization program. AEA has a proven record of accomplishment in managing projects of similar scope; AEA successfully completed the Battle Creek Diversion project, a similar expansion to Bradley Lake, in 2020. With its experience and expertise, the AEA is well-positioned to implement the Dixon Diversion project. 813 West Northern Lights Boulevard, Anchorage, Alaska 99503 T 907.771.3000 Toll Free 888.300.8534 F 907.771.3044 Page 2 of 2 The BPMC is committed to the success of the Dixon Diversion Project. With funding from the U.S. Environmental Protection Action, our ratepayers will benefit from more affordable energy and Alaskans will benefit from reduced greenhouse gas emissions. Respectfully, Brad Janorschke BPMC Chair Bradley Lake Operator’s Report Page 1 Bradley Lake Operator Report BPMC March 22, 2024 Unit Statistics: Generation Unit 1 (MWhrs)Unit 2 (MWhrs)Total (MWhrs) Jan. 2024 Feb. 2024 Mar. 2024* 19,873 17,828 5,508 16,727 14,289 4,779 36,600 32,117 10,287 Hydraulics Avg. Lake Level (ft.)Bradley Fishwater (ac ft.) Battle Creek MIF (ac ft.) Jan. 2024 Feb. 2024 Mar. 2024* 1,145 1,133 1,127 2,650 2,187 1,224 0 0 0 Battle Creek Inflows to Bradley (ac ft.) Jan. 2024 Feb. 2024 Mar. 2024* 0 0 0 *Lake Level – 1,124.9’ As of March. 15, 2024 Activities Dam – Completed the monthly safety inspections for February. Dam Access Road –The road up to the dam is accessible with the Polaris side by side and snow machine. Battle Creek Diversion – Nothing new to report. Bradley Lake New Residence –Phase 2 of the plumbing has been completed. The fire protection piping has been completed. The Insulation and drywall contractors have begun work. The flooring contractor is scheduled to start 1April. Cabinets, trim and finish work will start on the 15 April. Needle Valve Purchase – Ahead of Schedule, delivery by end of June 2024. 40 Ton Crane – we are continuing with the work on the crane. I expect it to be in service by May 2024. Fire System- We replaced the PRV and tuned the system pressure last year. Prior to that, an inspection questioned whether the electric fire pump could perform as designed. The pump was inspected and retested, performing as designed. Leak repairs to the server room and level 5 fire system piping were completed just prior to and during the spring outage. Bradley Lake Operator’s Report Page 2 Safety- There have been no lost time or reportable accidents for the month of February 2024. We have had two incident reports filed in February. The first report was for momentary loss of breath while welding on the snowplow blade. The Employee inhaled some welding fumes after striking an arc. The shop door was open, and the shop fan and vent ducting were deployed prior to the start of welding. Welding was stopped and the surface was recleaned. No additional fumes were generated. There was no lost time or medical attention needed. The second report was about a first aid event when an operator cut his finger on sheet metal while working to change the latch on a dryer. First Aid was administered at the project with no lost time or medical attention needed. Safety meetings were conducted 14 Feb. and 13 March 2024. The Avalanche safety and rescue training course was conducted on 28 Feb. 2024. New Equipment- The loader mounted boom mower estimated delivery has been bumped to June 2024. The replacement vehicle (F150 Pickup) is on order with an estimated delivery in October 2024. Barge trip – The barge scheduled for 10 February was delayed due to ice in the harbor preventing its departure. The barge arrived on the 8 March 2024 with the two new Connex’s and building materials for the new residence. Forced outage –– On 22 Feb 2024 at 1303hrs. The contractor was inspecting and testing the fire system. After valving out the transformer deluge system he activated the system to check alarms. This caused the transformer breaker to open in turn causing Unit #2 to trip. Before the contractor could be notified to stop the testing, they activated the deluge system on unit #1 causing another trip. Plant was restored to service 22 Feb 2024 at 1346hrs. Down a total of 43min. Scheduled Outage – Scheduled 2-15 March 2024. We completed all the Spring Outage work orders. Emerson added pressure reading to the historian, repaired the control logic for the power gate operating switch, and repaired nuisance alarms. EPC inspected and verified relay setting on units #1 & #2. AM Power conducted load testing on the DC Batteries. The project was returned to service at 5pm on 14 March 2024. Recruiting- On 25 Jan 2024 we Interview four candidates for the open Operator position. After visiting the project Jared Green accepted the Operator Rover position. He started 1 March 2024. Barge Dock- D Hittle Report has shown a $50,000 cost for maintenance and repairs starting in 2023. This estimate should be corrected following inspection by a wharf / corrosion expert. It was clear that the original corrosion coating on the steel sheet piling was at least 70% gone and there are areas of significant scaling corrosion occurring. We have received a bid of 600,000 to complete the maintenance on the sheet pilings. The quote was presented to the O&D committee 1 March 2024. Contractors/ Visitors on site: o HEA- Larry Jorgensen out for the Safety Meeting on 14 Feb. and 13 Mar. 2024. o HEA- Rachel Olsen out for the 13 Mar 2024 safety meeting. o Jared and Amanda Green out for an onsite interview. o CIG General- Charels Vaught out to inspect main septic system. Bradley Lake Operator’s Report Page 3 o HEA- Nick Huff out to evaluate the Lower Bradley radio link. o Yukon Fire to repair leaking fire system piping. Fire system annual inspection. o Chinook Fire Service out to install fire system piping in the new residence. o Emerson- Daniel Thompson out for spring outage work. o AM Power – Mike Pulice to conduct load test on DC Battery bank. o EPC- Kellin Lang- Gillming for relay testing units #1 & #2. o NC Machinery- trouble shoot system ground on new grader. o Statewide Machinery- 40 Ton crane repair. Bradley Lake Operator’s Report Page 4 Bradley Lake Dam and Spillway Bradley Lake Operator’s Report Page 5 New Residence Fire System & Electrical Wiring Insulation, Vapor Barrier, Sheetrock Bradley Lake Operator’s Report Page 6 Needle Valve Components Bradley Lake Operator’s Report Page 7 Fire System Repairs Server Room Pipe replacement Drain Valve Replacement Barge Delivery March 2024 Bradley Lake Operator’s Report Page 8 Stop Logs in Place Frozen Tailrace During Outage Unit #2 Upper-Level Unit #2 TSV in Closed Position Turbine Pit New LED Lighting Ring Buss Bradley Lake Operator’s Report Page 9 Turbine #2 Runner, Needle Valves and Dividers Bradley Barge Dock Bradley Lake Operator’s Report Page 10 Barge Dock Corrosion Lynx on Project March 2024 Alaska Energy Authority Bradley Lake Budget to Actual Expenses 07/01/2023 to 01/31/2024 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 - 82,887 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 19,940 Brush Hog for Front End Loader - - - - 150,000 - JLG All Terrain Fork Lift- New Purchase - - - - 190,000 207,660 Replace BL#5 2009 F150 Crew Cab Pickup - - - - 45,000 - Warhouse Heaters x2 (Replace) - - - - 5,000 - ISO Shipping Containers x2 (Replace) - - - - 40,000 30,700 Total Non R&C Capital Purchases 909,000 236,264 1,558,000 1,262,914 948,000 341,187 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 01/31/24 Page 2 of 13 ALASKA ENERGY AUTHORITY BRADLEY LAKE OPERATIONS & MAINTENANCE SCHEDULE B BUDGET TO ACTUAL EXPENSES FOR THE PERIOD 07/01/2023 THROUGH 01/31/2024 FY 24 FY 23 FY24 Approved Budget BUDGET % 07/01/2023 - 01/31/2024 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)387,700 226,158 - - 185,170 185,170 40,989 277,000 289,268 Labor & Benefits 2,023,067 1,180,122 563,012 25,969 385,097 974,079 206,044 1,997,876 1,801,438 Travel 78,500 45,792 1,634 - 13,508 15,142 30,650 84,950 12,894 Training 50,000 29,167 9,848 - - 9,848 19,319 49,300 19,549 Contractual 1,181,381 689,139 259,156 1,364 139,436 399,957 289,182 1,215,727 1,068,101 Consulting-Administrative 265,000 154,583 - - 106,589 106,589 47,995 249,375 248,684 Supplies & Materials 330,332 192,694 71,750 1,410 - 73,160 119,533 329,232 133,087 Other Costs 79,318 46,269 19,990 16,473 - 36,462 9,807 79,318 64,623 Equipment, Furniture & Machinery 165,000 96,250 34,600 - - 34,600 61,650 24,000 7,877 Administrative Costs 1,553,800 906,383 25,095 - 890,673 915,768 (9,385) 1,492,905 1,549,774 Indirect Costs 1,480,105 863,395 728,612 - - 728,612 134,782 1,486,285 1,364,672 O&M 4% Allocation to Battle Creek (303,768) (177,198) - - - - (177,198) (236,473) - Total Bradley Lake Budget 7,290,435 4,252,754 1,713,697 45,216 1,720,473 3,479,387 773,367 7,049,495 6,559,966 FERC 535 - Operation Supervision & Engineering Operations Sup/Eng Bradley Lake Operating Labor & Benefits 105,451 61,513 63,102 - - 63,102 (1,589) 108,311 112,787 Travel 5,000 2,917 1,433 - - 1,433 1,484 10,450 590 Training 5,000 2,917 581 - - 581 2,336 9,300 - Contractual 3,000 1,750 - - - - 1,750 1,000 - Supplies & Materials 4,000 2,333 - - - - 2,333 4,000 314 Indirect Costs 155,698 90,824 88,161 - - 88,161 2,663 155,698 150,349 Bradley Lake Operating Total 278,149 162,254 153,277 - - 153,277 8,977 288,759 264,040 FERC 535 - Operation Supervision & Engineering Total 278,149 162,254 153,277 - - 153,277 8,977 288,759 264,040 FERC 537 - Hydraulic Expenses Hydraulic Expenses Bradley Lake Operating Labor & Benefits 95,262 55,570 38,853 - - 38,853 16,717 90,192 75,953 Contractual 60,000 35,000 - - - - 35,000 123,000 87 Supplies & Materials 2,000 1,167 2,461 - - 2,461 (1,294) 32,000 1,804 Indirect Costs 109,250 63,729 54,296 - - 54,296 9,433 114,320 105,908 Bradley Lake Operating Total 266,512 155,465 95,609 - - 95,609 59,856 359,512 183,752 FERC 537 - Hydraulic Expenses Total 266,512 155,465 95,609 - - 95,609 59,856 359,512 183,752 FERC 538 - Electric Expenses Electric Expenses Bradley Lake Operating Labor & Benefits 218,044 127,192 118,247 - - 118,247 8,946 218,044 228,803 Travel 7,000 4,083 201 - - 201 3,882 7,000 2,039 Training 30,000 17,500 9,267 - - 9,267 8,233 25,000 17,786 Contractual 5,000 2,917 - - - - 2,917 2,000 - Supplies & Materials 13,732 8,010 7,151 - - 7,151 860 9,732 4,319 Indirect Costs 262,004 152,836 136,101 - - 136,101 16,735 262,004 256,573 Bradley Lake Operating Total 535,780 312,538 270,967 - - 270,967 41,571 523,780 509,520 FERC 538 - Electric Expenses Total 535,780 312,538 270,967 - - 270,967 41,571 523,780 509,520 FERC 539 - Misc. Hydraulic Power Generation Expenses Misc Hydro Power Exp Bradley Lake Operating Labor & Benefits 105,742 61,683 44,653 - - 44,653 17,029 105,742 90,508 Training 15,000 8,750 - - - - 8,750 15,000 1,009 Contractual 360,067 210,039 212,586 - - 212,586 (2,547) 315,867 229,130 Supplies & Materials 25,000 14,583 6,188 - - 6,188 8,395 17,900 20,976 Other Costs - - 119 98 - 217 (217) - - Indirect Costs 114,320 66,687 62,537 - - 62,537 4,150 114,320 120,737 Bradley Lake Operating Total 620,129 361,742 326,084 98 - 326,182 35,560 568,829 462,360 BRADLEY CIRCUITS/RADIO TO BERNICE LK Other Costs 35,695 20,822 19,871 - - 19,871 951 35,695 34,149 BRADLEY CIRCUITS/RADIO TO BERNICE LK Total 35,695 20,822 19,871 - - 19,871 951 35,695 34,149 BRADLEY CIRCUITS BERNICE LK TO ANCH Other Costs 29,773 17,368 - 16,374 - 16,374 993 29,773 28,471 BRADLEY CIRCUITS BERNICE LK TO ANCH Total 29,773 17,368 - 16,374 - 16,374 993 29,773 28,471 FERC 539 - Misc. Hydraulic Power Generation Expenses Total 685,597 399,932 345,954 16,473 - 362,427 37,505 634,297 524,980 FERC 541 - Maintenance Supervision & Engineering Maint Supervision/Eng Bradley Lake Operating Labor & Benefits 110,451 64,430 62,167 - - 62,167 2,263 116,171 113,497 Indirect Costs 155,698 90,824 89,096 - - 89,096 1,728 155,698 150,349 Bradley Lake Operating Total 266,149 155,254 151,263 - - 151,263 3,990 271,869 263,847 FERC 541 - Maintenance Supervision & Engineering Total 266,149 155,254 151,263 - - 151,263 3,990 271,869 263,847 FERC 542 - Maintenance of Structures Maintenance of Structures Bradley Lake Operating Labor & Benefits 89,710 52,331 38,936 - - 38,936 13,394 86,639 69,437 Contractual 56,000 32,667 5,656 - - 5,656 27,010 56,000 59,713 Supplies & Materials 78,000 45,500 8,966 - - 8,966 36,534 94,000 9,592 Equipment, Furniture & Machinery 15,000 8,750 8,598 - - 8,598 152 19,000 6,693 Indirect Costs 102,350 59,704 52,460 - - 52,460 7,244 105,421 96,693 Bradley Lake Operating Total 341,060 198,952 114,616 - - 114,616 84,335 361,060 242,128 FERC 542 - Maintenance of Structures Total 341,060 198,952 114,616 - - 114,616 84,335 361,060 242,128 FERC 543 - Maintenance of Reservoirs, Dams & Waterways Maint Res, Dams, WWays Bradley Lake Operating Labor & Benefits 51,783 30,207 1,648 - - 1,648 28,559 53,744 1,507 Travel - - - - - - - 1,000 - Contractual 6,500 3,792 - - - - 3,792 22,500 5,114 Page 3 of 13 ALASKA ENERGY AUTHORITY BRADLEY LAKE OPERATIONS & MAINTENANCE SCHEDULE B BUDGET TO ACTUAL EXPENSES FOR THE PERIOD 07/01/2023 THROUGH 01/31/2024 FY 24 FY 23 FY24 Approved Budget BUDGET % 07/01/2023 - 01/31/2024 HEA Actual CEA Actual AEA Actual Total Actual (Over) Under Budget to Date FY23 Approved Budget FY23 Actual Supplies & Materials 20,000 11,667 - - - - 11,667 20,000 - Indirect Costs 58,650 34,213 2,435 - - 2,435 31,777 56,689 1,511 Bradley Lake Operating Total 136,933 79,878 4,084 - - 4,084 75,794 153,933 8,132 BRADLEY POWER TUNNEL MAINT (Dam) Contractual 15,000 8,750 - - - - 8,750 - - BRADLEY POWER TUNNEL MAINT (Dam) Total 15,000 8,750 - - - - 8,750 - - FERC 543 - Maintenance of Reservoirs, Dams & Waterways Total 151,933 88,628 4,084 - - 4,084 84,544 153,933 8,132 FERC 544 - Maintenance of Electric Plant Maintenance of Elec Plant Bradley Lake Operating Labor & Benefits 309,110 180,314 138,622 - - 138,622 41,693 309,110 276,280 Travel 4,500 2,625 - - - - 2,625 4,500 - Contractual 40,000 23,333 5,249 - - 5,249 18,084 58,000 3,180 Supplies & Materials 40,000 23,333 30,263 - - 30,263 (6,929) 43,000 28,310 Administrative Costs - - 973 - - 973 (973) - - Indirect Costs 423,178 246,854 194,575 - - 194,575 52,279 423,178 384,985 Bradley Lake Operating Total 816,788 476,460 369,682 - - 369,682 106,778 837,788 692,754 FERC 544 - Maintenance of Electric Plant Total 816,788 476,460 369,682 - - 369,682 106,778 837,788 692,754 FERC 545 - Maintenance of Misc. Hydraulic Plant Maint of Misc Hydr Plant Bradley Lake Operating Labor & Benefits 69,297 40,423 34,794 - - 34,794 5,629 69,297 70,628 Contractual 45,000 26,250 7,617 - - 7,617 18,633 3,900 7,276 Supplies & Materials 68,000 39,667 16,721 - - 16,721 22,945 29,000 41,166 Equipment, Furniture & Machinery 150,000 87,500 26,002 - - 26,002 61,498 5,000 1,184 Indirect Costs 98,957 57,725 48,951 - - 48,951 8,774 98,957 97,565 Bradley Lake Operating Total 431,254 251,565 134,085 - - 134,085 117,480 206,154 217,819 FERC 545 - Maintenance of Misc. Hydraulic Plant Total 431,254 251,565 134,085 - - 134,085 117,480 206,154 217,819 FERC 556 - System Control & Load Dispatching System Cntl & Load Disp Bradley Lake Operating Labor & Benefits 20,174 11,768 7,559 - - 7,559 4,209 20,174 22,342 Contractual 85,500 49,875 4,311 - - 4,311 45,564 85,500 97,154 Supplies & Materials 12,000 7,000 - - - - 7,000 12,000 4,242 Bradley Lake Operating Total 117,674 68,643 11,870 - - 11,870 56,773 117,674 123,738 Snow Measurement Bradley Lake Operating Contractual 10,000 5,833 - - 9,600 9,600 (3,767) 10,000 9,600 Bradley Lake Operating Total 10,000 5,833 - - 9,600 9,600 (3,767) 10,000 9,600 Seismic Service Bradley Lake Operating Contractual 62,000 36,167 - - 27,326 27,326 8,840 62,000 63,456 Bradley Lake Operating Total 62,000 36,167 - - 27,326 27,326 8,840 62,000 63,456 Streamguaging Serv Bradley Lake Operating Contractual 278,014 162,175 - - 101,280 101,280 60,895 218,000 191,173 Bradley Lake Operating Total 278,014 162,175 - - 101,280 101,280 60,895 218,000 191,173 Permits Bradley Lake Operating Other Costs 350 204 - - - - 204 350 240 Bradley Lake Operating Total 350 204 - - - - 204 350 240 FERC 556 - System Control & Load Dispatching Total 468,038 273,022 11,870 - 138,206 150,077 122,946 408,024 388,208 FERC 562 - Station Expenses Station Expenses Bradley Lake Operating Labor & Benefits 102,043 59,525 13,692 25,969 - 39,661 19,864 98,418 58,186 Travel 3,500 2,042 - - 336 336 1,706 3,500 - Contractual 80,300 46,842 23,737 1,364 - 25,101 21,741 87,960 63,979 Supplies & Materials 19,600 11,433 - 1,410 - 1,410 10,023 44,600 9,918 Other Costs 1,500 875 - - - - 875 1,500 - Bradley Lake Operating Total 206,943 120,717 37,428 28,743 336 66,508 54,209 235,978 132,082 FERC 562 - Station Expenses Total 206,943 120,717 37,428 28,743 336 66,508 54,209 235,978 132,082 FERC 571 - Maintenance of Overhead Lines Maint of OH Lines Bradley Lake Operating Labor & Benefits 16,000 9,333 739 - - 739 8,594 39,954 39,373 Contractual 75,000 43,750 - - - - 43,750 150,000 171,636 Supplies & Materials 30,000 17,500 - - - - 17,500 5,000 1,108 Bradley Lake Operating Total 121,000 70,583 739 - - 739 69,844 194,954 212,117 FERC 571 - Maintenance of Overhead Lines Total 121,000 70,583 739 - - 739 69,844 194,954 212,117 FERC 920 & 930 - Administrative Expense AEA Bradley Fixed Admin Fees Bradley Lake Operating Staff Professional Services (Direct)387,700 226,158 - - 185,170 185,170 40,989 277,000 270,305 Travel - - - - 13,172 13,172 (13,172) - 3,888 Training - - - - - - - - 754 Consulting-Administrative - - - - - - - - 2,390 Supplies & Materials - - - - - - - - 4,246 Administrative Costs 2,500 1,458 - - 70,225 70,225 (68,767) 2,500 166,004 Bradley Lake Operating Total 390,200 227,617 - - 268,567 268,567 (40,950) 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 Page 4 of 13 ALASKA ENERGY AUTHORITY BRADLEY LAKE OPERATIONS & MAINTENANCE SCHEDULE B BUDGET TO ACTUAL EXPENSES FOR THE PERIOD 07/01/2023 THROUGH 01/31/2024 FY 24 FY 23 FY24 Approved Budget BUDGET % 07/01/2023 - 01/31/2024 HEA Actual CEA Actual AEA Actual Total Actual (Over) Under Budget to Date FY23 Approved Budget FY23 Actual Supplies & Materials - - - - - - - - 154 Administrative Costs - - - - - - - - (350) General & Administrative Costs Total - - - - - - - - (196) Operating Committee Exp-Audit Bradley Lake Operating Administrative Costs 22,000 12,833 - - 32,245 32,245 (19,411) 19,900 32,520 Bradley Lake Operating Total 22,000 12,833 - - 32,245 32,245 (19,411) 19,900 32,520 Operating Committee Exp-Legal Bradley Lake Operating Administrative Costs 80,000 46,667 - - 80,862 80,862 (34,195) 70,000 153,966 Bradley Lake Operating Total 80,000 46,667 - - 80,862 80,862 (34,195) 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 7,583 - - - - 7,583 13,000 - Bradley Lake Operating Total 13,000 7,583 - - - - 7,583 13,000 - Misc Admin Bradley Lake Operating Administrative Costs 13,000 7,583 - - 13,663 13,663 (6,080) 12,000 13,604 Bradley Lake Operating Total 13,000 7,583 - - 13,663 13,663 (6,080) 12,000 13,604 Professional Consultants Bradley Lake Operating Labor & Benefits 730,000 425,833 - - 385,097 385,097 40,736 682,080 642,139 Travel 58,500 34,125 - - - - 34,125 58,500 6,376 Contractual - - - - 1,230 1,230 (1,230) 20,000 166,602 Consulting-Administrative - - - - - - - - 4,458 Supplies & Materials 18,000 10,500 - - - - 10,500 18,000 6,940 Other Costs 12,000 7,000 - - - - 7,000 12,000 1,762 Bradley Lake Operating Total 818,500 477,458 - - 386,327 386,327 91,131 790,580 828,277 FERC 920 & 930 - Administrative Expense Total 1,336,700 779,742 - - 781,664 781,664 (1,922) 1,189,980 1,494,722 FERC 924 & 925 - Insurance Premiums Insurance Premiums Bradley Lake Operating Administrative Costs 1,138,300 664,008 24,122 - 658,774 682,896 (18,888) 1,015,505 974,625 Bradley Lake Operating Total 1,138,300 664,008 24,122 - 658,774 682,896 (18,888) 1,015,505 974,625 FERC 924 & 925 - Insurance Premiums Total 1,138,300 664,008 24,122 - 658,774 682,896 (18,888) 1,015,505 974,625 FERC 923 - Outside Services Employed Outside Services Employed Bradley Lake Operating Consulting-Administrative 265,000 154,583 - - 106,589 106,589 47,995 249,375 241,836 Bradley Lake Operating Total 265,000 154,583 - - 106,589 106,589 47,995 249,375 241,836 FERC 923 - Outside Services Employed Total 265,000 154,583 - - 106,589 106,589 47,995 249,375 241,836 FERC 928 - Regulatory Commission Expenses FERC Admin Fees Bradley Lake Operating Administrative Costs 165,000 96,250 - - - - 96,250 150,000 126,085 Bradley Lake Operating Total 165,000 96,250 - - - - 96,250 150,000 126,085 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 70,000 - - 34,904 34,904 35,096 180,000 82,883 BRADLEY CONTRACTUAL ENGINEER-FERC LICENSE ISSUES Total 120,000 70,000 - - 34,904 34,904 35,096 180,000 82,883 FERC 928 - Regulatory Commission Expenses Total 285,000 166,250 - - 34,904 34,904 131,346 355,000 209,404 O&M 4% Allocation to Battle Creek (303,768) (177,198) - - - - (177,198) (236,473) - Total Bradley Lake Budget 7,290,435 4,252,754 1,713,697 45,216 1,720,473 3,479,387 773,367 7,049,495 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 26,711 164,108 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 - 513,199 707,967 910,000 Spillway Raise & Expansion Project (aka Dixon Diversion)**547,699 547,699 800,000 661,031 1,208,731 1,500,000 181,598 1,390,328 252,000 Needle Valve Rebuild - - - - - - 198,086 198,086 1,579,535 988,217 33,295,609 1,930,000 789,379 34,084,987 3,000,000 919,592 35,004,580 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) (122,003) Net Transfer from Revenue Fund (2,478,823) (2,857,925) (3,460,649) Cumulative Prior Years R&C Repayments (27,707,352) (29,808,017) (31,677,137) Due to (from) Utilities 378,159 988,805 1,464,643 Adjust Due to R&C Actual - - - (27,329,193) (28,819,211) (30,212,493) NET DUE TO R&C FUND 3,487,592 2,407,851 1,331,438 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 42,921 100,912 122,003 Participants Contributions to R&C Fund 2,435,902 2,757,013 3,338,646 Ending Investment Balance 2,363,808 4,370,333 6,052,798 Accrued Due to (from) Utilities (378,159) (988,805) (1,464,643) R&C payable back to the revenue fund - - - Accrued R&C vendor Payable at Year End (473,241) (789,379) (919,592) 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 1,390,328 $756,665.11 x 25% all 4 years Paid with Renewable Energy Fund Grant ($1MM) 469,180 $1,455,830.05 x 25% all 4 years Total Project Cost at 12/31/23 1,859,508 $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 229,898 2,100,664 1,869,120 1,996,005 BRADLEY LAKE R&C FUND DISBURSEMENTS AND REPAYMENTS SCHEDULE D Expenses for the period 07/01/23 to 01/31/24 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 64,936 Total Non R&C Capital Purchases 115,000 57,628 90,000 71,423 165,000 64,936 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 01/31/24 Page 7 of 13 BATTLE CREEK OPERATIONS & MAINTENANCE SCHEDULE F BUDGET TO ACTUAL EXPENSES FOR THE PERIOD 07/01/2023 THROUGH 01/31/2024 FY 24 FY 23 FY24 Approved Budget BUDGET % 07/01/2023 - 01/31/2024 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 29,167 - - 36,824 36,824 (7,658) - 58,017 Labor & Benefits - - 23,459 1,082 16,046 40,587 (40,587) - 82,339 Travel - - 68 - 994 1,062 (1,062) - 537 Training - - 410 - - 410 (410) - 940 Contractual 125,000 72,917 10,798 57 94,251 105,106 (32,190) 126,000 164,132 Consulting-Administrative - - - - 5,722 5,722 (5,722) - 17,560 Supplies & Materials - - 2,990 59 - 3,048 (3,048) - 5,862 Other Costs - - 833 686 - 1,519 (1,519) - 2,920 Equipment, Furniture & Machinery - - 1,442 - - 1,442 (1,442) - 346 Administrative Costs 11,500 6,708 32 - 41,352 41,384 (34,675) 54,900 78,084 Indirect Costs - - 31,373 - - 31,373 (31,373) - 62,821 O&M 4% Allocation to Battle Creek 303,768 177,198 - - - - 177,198 236,473 - Total Battle Creek Budget 490,268 285,990 71,404 1,884 195,189 268,477 17,512 417,373 473,557 FERC 535 - Operation Supervision & Engineering Operations Sup/Eng Battle Creek Operating Labor & Benefits - - 2,629 - - 2,629 (2,629) - 5,090 Travel - - 60 - - 60 (60) - 25 Training - - 24 - - 24 (24) - - Supplies & Materials - - - - - - - - 13 Indirect Costs - - 3,673 - - 3,673 (3,673) - 6,803 Battle Creek Operating Total - - 6,387 - - 6,387 (6,387) - 11,931 FERC 535 - Operation Supervision & Engineering Total - - 6,387 - - 6,387 (6,387) - 11,931 FERC 537 - Hydraulic Expenses Hydraulic Expenses Battle Creek Operating Labor & Benefits - - 1,619 - - 1,619 (1,619) - 3,557 Contractual 70,000 40,833 - - 62,923 62,923 (22,089) 81,000 65,278 Supplies & Materials - - 103 - - 103 (103) - 75 Indirect Costs - - 2,262 - - 2,262 (2,262) - 4,911 Battle Creek Operating Total 70,000 40,833 3,984 - 62,923 66,906 (26,073) 81,000 73,821 FERC 537 - Hydraulic Expenses Total 70,000 40,833 3,984 - 62,923 66,906 (26,073) 81,000 73,821 FERC 538 - Electric Expenses Electric Expenses Battle Creek Operating Labor & Benefits - - 4,927 - - 4,927 (4,927) - 10,507 Travel - - 8 - - 8 (8) - 85 Training - - 386 - - 386 (386) - 867 Supplies & Materials - - 298 - - 298 (298) - 184 Indirect Costs - - 5,671 - - 5,671 (5,671) - 11,814 Battle Creek Operating Total - - 11,290 - - 11,290 (11,290) - 23,457 FERC 538 - Electric Expenses Total - - 11,290 - - 11,290 (11,290) - 23,457 FERC 539 - Misc. Hydraulic Power Generation Expenses Misc Hydro Power Exp Battle Creek Operating Labor & Benefits - - 1,861 - - 1,861 (1,861) - 4,197 Training - - - - - - - - 42 Contractual - - 8,858 - - 8,858 (8,858) - 10,529 Supplies & Materials - - 258 - - 258 (258) - 918 Other Costs - - 833 686 - 1,519 (1,519) - 2,836 Indirect Costs - - 2,606 - - 2,606 (2,606) - 5,578 Battle Creek Operating Total - - 14,415 686 - 15,101 (15,101) - 24,101 FERC 539 - Misc. Hydraulic Power Generation Expenses Total - - 14,415 686 - 15,101 (15,101) - 24,101 FERC 541 - Maintenance Supervision & Engineering Maint Supervision/Eng Battle Creek Operating Labor & Benefits - - 2,590 - - 2,590 (2,590) - 5,120 Indirect Costs - - 3,712 - - 3,712 (3,712) - 6,803 Battle Creek Operating Total - - 6,303 - - 6,303 (6,303) - 11,923 FERC 541 - Maintenance Supervision & Engineering Total - - 6,303 - - 6,303 (6,303) - 11,923 FERC 542 - Maintenance of Structures Maintenance of Structures Battle Creek Operating Labor & Benefits - - 1,622 - - 1,622 (1,622) - 3,242 Contractual - - 236 - - 236 (236) - 2,488 Supplies & Materials - - 374 - - 374 (374) - 470 Equipment, Furniture & Machinery - - 358 - - 358 (358) - 296 Indirect Costs - - 2,186 - - 2,186 (2,186) - 4,474 Battle Creek Operating Total - - 4,776 - - 4,776 (4,776) - 10,970 FERC 542 - Maintenance of Structures Total - - 4,776 - - 4,776 (4,776) - 10,970 FERC 543 - Maintenance of Reservoirs, Dams & Waterways Maint Res, Dams, WWays Battle Creek Operating Labor & Benefits - - 69 - - 69 (69) - 73 Contractual - - - - - - - - 213 Indirect Costs - - 101 - - 101 (101) - 79 Battle Creek Operating Total - - 170 - - 170 (170) - 366 FERC 543 - Maintenance of Reservoirs, Dams & Waterways Total - - 170 - - 170 (170) - 366 FERC 544 - Maintenance of Electric Plant Maintenance of Elec Plant Battle Creek Operating Labor & Benefits - - 5,776 - - 5,776 (5,776) - 12,941 Contractual - - 219 - - 219 (219) - 132 Supplies & Materials - - 1,261 - - 1,261 (1,261) - 1,248 Administrative Costs - - (973) - - (973) 973 - - Indirect Costs - - 9,121 - - 9,121 (9,121) - 17,850 ALASKA ENERGY AUTHORITY Page 8 of 13 BATTLE CREEK OPERATIONS & MAINTENANCE SCHEDULE F BUDGET TO ACTUAL EXPENSES FOR THE PERIOD 07/01/2023 THROUGH 01/31/2024 FY 24 FY 23 FY24 Approved Budget BUDGET % 07/01/2023 - 01/31/2024 HEA Actual CEA Actual AEA Actual Total Actual (Over) Under Budget to Date FY23 Approved Budget FY23 Actual ALASKA ENERGY AUTHORITY Battle Creek Operating Total - - 15,403 - - 15,403 (15,403) - 32,171 FERC 544 - Maintenance of Electric Plant Total - - 15,403 - - 15,403 (15,403) - 32,171 FERC 545 - Maintenance of Misc. Hydraulic Plant Maint of Misc Hydr Plant Battle Creek Operating Labor & Benefits - - 1,450 - - 1,450 (1,450) - 3,293 Contractual - - 317 - - 317 (317) - 303 Supplies & Materials - - 697 - - 697 (697) - 1,756 Equipment, Furniture & Machinery - - 1,083 - - 1,083 (1,083) - 49 Indirect Costs - - 2,040 - - 2,040 (2,040) - 4,508 Battle Creek Operating Total - - 5,587 - - 5,587 (5,587) - 9,909 FERC 545 - Maintenance of Misc. Hydraulic Plant Total - - 5,587 - - 5,587 (5,587) - 9,909 FERC 556 - System Control & Load Dispatching System Cntl & Load Disp Battle Creek Operating Labor & Benefits - - 315 - - 315 (315) - 969 Contractual - - 180 - - 180 (180) - 6,273 Supplies & Materials - - - - - - - - 177 Battle Creek Operating Total - - 495 - - 495 (495) - 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 - - - - 1,139 1,139 (1,139) - 2,804 Battle Creek Operating Total - - - - 1,139 1,139 (1,139) - 2,804 Streamguaging Serv Battle Creek Operating Contractual 55,000 32,083 - - 31,020 31,020 1,063 45,000 67,062 Battle Creek Operating Total 55,000 32,083 - - 31,020 31,020 1,063 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 32,083 495 - 32,559 33,053 (970) 45,000 77,693 FERC 562 - Station Expenses Station Expenses Battle Creek Operating Labor & Benefits - - 570 1,082 - 1,653 (1,653) - 2,596 Travel - - - - 14 14 (14) - - Contractual - - 989 57 - 1,046 (1,046) - 2,785 Supplies & Materials - - - 59 - 59 (59) - 482 Battle Creek Operating Total - - 1,560 1,198 14 2,771 (2,771) - 5,864 FERC 562 - Station Expenses Total - - 1,560 1,198 14 2,771 (2,771) - 5,864 FERC 571 - Maintenance of Overhead Lines Maint of OH Lines Battle Creek Operating Labor & Benefits - - 31 - - 31 (31) - 1,641 Contractual - - - - - - - - 7,152 Supplies & Materials - - - - - - - - 46 Battle Creek Operating Total - - 31 - - 31 (31) - 8,838 FERC 571 - Maintenance of Overhead Lines Total - - 31 - - 31 (31) - 8,838 FERC 920 & 930 - Administrative Expense AEA Bradley Fixed Admin Fees Battle Creek Operating Staff Professional Services (Direct)50,000 29,167 - - 36,824 36,824 (7,658) - 58,017 Travel - - - - 980 980 (980) - 162 Training - - - - - - - - 31 Consulting-Administrative - - - - - - - - 100 Supplies & Materials - - - - - - - - 203 Administrative Costs - - - - 38 38 (38) 43,000 3,379 Battle Creek Operating Total 50,000 29,167 - - 37,842 37,842 (8,675) 43,000 61,891 Operating Committee Exp-Audit Battle Creek Operating Administrative Costs - - - - 4,245 4,245 (4,245) - 1,355 Battle Creek Operating Total - - - - 4,245 4,245 (4,245) - 1,355 Operating Committee Exp-Legal Battle Creek Operating Administrative Costs 5,000 2,917 - - 3,369 3,369 (453) 5,000 7,042 Battle Creek Operating Total 5,000 2,917 - - 3,369 3,369 (453) 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 3,208 - - 4,000 4,000 (792) 4,800 4,000 Battle Creek Operating Total 5,500 3,208 - - 4,000 4,000 (792) 4,800 4,000 Misc Admin Battle Creek Operating Administrative Costs 1,000 583 - - 569 569 14 100 567 Battle Creek Operating Total 1,000 583 - - 569 569 14 100 567 Professional Consultants Page 9 of 13 BATTLE CREEK OPERATIONS & MAINTENANCE SCHEDULE F BUDGET TO ACTUAL EXPENSES FOR THE PERIOD 07/01/2023 THROUGH 01/31/2024 FY 24 FY 23 FY24 Approved Budget BUDGET % 07/01/2023 - 01/31/2024 HEA Actual CEA Actual AEA Actual Total Actual (Over) Under Budget to Date FY23 Approved Budget FY23 Actual ALASKA ENERGY AUTHORITY Battle Creek Operating Labor & Benefits - - - - 16,046 16,046 (16,046) - 29,115 Travel - - - - - - - - 266 Contractual - - - - (1,230) (1,230) 1,230 - (1,288) Consulting-Administrative - - - - - - - - 186 Supplies & Materials - - - - - - - - 289 Other Costs - - - - - - - - 73 Battle Creek Operating Total - - - - 14,816 14,816 (14,816) - 28,641 FERC 920 & 930 - Administrative Expense Total 61,500 35,875 - - 64,841 64,841 (28,966) 54,900 105,186 FERC 924 & 925 - Insurance Premiums Insurance Premiums Battle Creek Operating Administrative Costs - - 1,005 - 27,449 28,454 (28,454) - 44,104 Battle Creek Operating Total - - 1,005 - 27,449 28,454 (28,454) - 44,104 FERC 924 & 925 - Insurance Premiums Total - - 1,005 - 27,449 28,454 (28,454) - 44,104 FERC 923 - Outside Services Employed Outside Services Employed Battle Creek Operating Consulting-Administrative - - - - 5,722 5,722 (5,722) - 17,274 Battle Creek Operating Total - - - - 5,722 5,722 (5,722) - 17,274 FERC 923 - Outside Services Employed Total - - - - 5,722 5,722 (5,722) - 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 Administrative Costs - - - - 227 227 (227) - - BRADLEY CONTRACTUAL ENGINEER-FERC LICENSE ISSUES Total - - - - 227 227 (227) - - Battle Creek Operating Administrative Costs - - - - 1,454 1,454 (1,454) - 10,695 Battle Creek Operating Total - - - - 1,454 1,454 (1,454) - 10,695 FERC 928 - Regulatory Commission Expenses Total - - - - 1,681 1,681 (1,681) - 15,948 O&M Allocation to Battle Creek 303,768 177,198 - - - - 177,198 236,473 - Total Battle Creek Budget 490,268 285,990 71,404 1,884 195,189 268,477 17,512 417,373 473,557 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 01/31/24 Page 11 of 13 ALASKA ENERGY AUTHORITY SSQ LINE OPERATIONS & MAINTENANCE SCHEDULE I BUDGET TO ACTUAL EXPENSES FOR THE PERIOD 07/01/2023 THROUGH 01/31/2024 FY 24 FY 23 FY24 Approved Budget BUDGET % 07/01/2023 - 01/31/2024 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 8,750 - - 32,093 32,093 (23,343) 53,000 50,664 Labor & Benefits 50,000 29,167 - - - - 29,167 56,999 521 Contractual 175,000 102,083 - - - - 102,083 200,000 12,768 Permitting 40,000 23,333 - - 2,969 2,969 20,364 - - Supplies & Materials 25,000 14,583 - - - - 14,583 25,000 2,808 Other Costs - - - - 1,250 1,250 (1,250) - 103,186 Equipment, Furniture & Machinery - - - - - - - - 29 Administrative Costs 2,000 1,167 - - 11,582 11,582 (10,415) 2,000 100,387 Total SSQ Line Budget 307,000 179,083 - - 47,894 47,894 131,189 336,999 270,363 FERC 540 - Rents FERC Land Use Fee SSQ Line Operating Other Costs - - - - 1,250 1,250 (1,250) - 103,186 SSQ Line Operating Total - - - - 1,250 1,250 (1,250) - 103,186 FERC 540 - Rents Total - - - - 1,250 1,250 (1,250) - 103,186 FERC 556 - System Control & Load Dispatching Permits SSQ Line Operating Permitting 40,000 23,333 - - 2,969 2,969 20,364 - - SSQ Line Operating Total 40,000 23,333 - - 2,969 2,969 20,364 - - FERC 556 - System Control & Load Dispatching Total 40,000 23,333 - - 2,969 2,969 20,364 - - FERC 571 - Maintenance of Overhead Lines Maint of OH Lines SSQ Line Operating Labor & Benefits 50,000 29,167 - - - - 29,167 56,999 521 Contractual 175,000 102,083 - - - - 102,083 200,000 12,768 Supplies & Materials 25,000 14,583 - - - - 14,583 25,000 - Equipment, Furniture & Machinery - - - - - - - - 29 SSQ Line Operating Total 250,000 145,833 - - - - 145,833 281,999 13,318 FERC 571 - Maintenance of Overhead Lines Total 250,000 145,833 - - - - 145,833 281,999 13,318 FERC 920 & 930 - Administrative Expense AEA Bradley Fixed Admin Fees SSQ Line Operating Staff Professional Services (Direct)15,000 8,750 - - 32,093 32,093 (23,343) 53,000 50,664 Supplies & Materials - - - - - - - - 2,417 Administrative Costs - - - - 9,582 9,582 (9,582) - 87,510 SSQ Line Operating Total 15,000 8,750 - - 41,675 41,675 (32,925) 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 1,167 - - 2,000 2,000 (833) 2,000 2,000 SSQ Line Operating Total 2,000 1,167 - - 2,000 2,000 (833) 2,000 2,000 FERC 920 & 930 - Administrative Expense Total 17,000 9,917 - - 43,675 43,675 (33,758) 55,000 153,858 Total SSQ Line Budget 307,000 179,083 - - 47,894 47,894 131,189 336,999 270,363 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) (13,566,179) 832,416 2,801,000 SSQ Line Bond Series 10 Funded Capital Projects Allocate Total Funding Project Budget Encumbered Total Actual Costs (Over) / Under Project Budget (Over) / Under Total Funding SSQ Line - 69kV Remediation 1,545,814 - 1,239,490 306,324 SSQ Line Due Diligence Inspect/Repair O/S Fire ZNE 175,000 - 2,350 172,650 SSQ Line Sterling-Qtz Ck 230kV Construction - - 343,734 (343,734) Soldotna-Sterling 230kV Construction - - 2,789 (2,789) Bradley RPW - Bond Series 10 - - 918 (918) Total SSQ Line Projects 2,801,000 1,720,814 - 1,589,280 131,534 1,211,719 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) 7,517,204 557,196 161,475,938 BESS Required Project Work Bond Series 11 Funded Capital Projects Allocate Total Funding Project Budget Encumbered Total Actual Costs (Over) / Under Project Budget (Over) / Under Total Funding BRADLEY HEA BESS Preliminary Study 35% 56,516,578 75,000 22,473 958 74,042 56,493,147 Total BESS Capital Projects 56,516,578 75,000 22,473 958 74,042 56,493,147 Transmission Required Project Work Bond Series 11 Funded Capital Projects Allocate Total Funding Project Budget Encumbered Total Actual Costs (Over) / Under Project Budget (Over) / Under Total Funding SSQ Line Sterling-Qtz Ck 230kV Construction - 37,993 255,807 (255,807) Soldotna-Sterling 230kV Construction - - 15,854 (15,854) Bradley RPW - Bond Series 11 - - 2,750 (2,750) Total Transmission Capital Projects 104,959,360 - 37,993 274,411 (274,411) 104,646,956 Total Required Project Work 161,475,938 75,000 60,466 275,370 (200,370) 161,140,103 1,211,719 104,646,956 NA 2,801,000 65% 104,959,360 ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT Capital Projects Funded by Bond Proceeds Appendix A 01/31/24 Page 13 of 13 Bradley Operation and Dispatch Committee Report March 2024 Meeting Dates: February 2 & March 1 Notable Discussions and Items: FY 2025 Budget: A detailed budget review was completed of the information provided by HEA at the February meeting. The initial overall year to year increase was noted to be approximately 3%. At the March meeting the addition of funds to address needed dock repairs was reviewed, discussed, and unanimously approved. Water Tracking & Lake Level: Lake levels are currently near normal as the utilities continue to draw on their respective storage. Upcoming water year forecasts are not yet available but are expected in early April. Committee Assignments: □ CEA is continuing work to address SCADA challenges to allow HEA wheeling capacity as defined in the existing Bradley agreement. □ CEA investigating methodology for placing units in condense mode. □ BPMC approved - CEA & HEA investigating appropriate relay settings - $15k spend limit. Next Meeting: April 12th