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HomeMy WebLinkAbout2024-08-08 BPMC Agenda and docsBRADLEY LAKE PROJECT MANAGEMENT COMMITTEE MEETING AGENDA Friday July 26, 2024 RESCHEDULED: Thursday, August 8, 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 – June 21, 2024 7. NEW BUSINESS A. Annual Meeting and Election of Officers 8. OLD BUSINESS A. Bradley O&D Committee Islanding Duration Resolution B. GRIP 3, Phase 1 Update Jim Mendenhall C. Railbelt Regional Coordination Update Brian Hickey 9. OPERATORS REPORT HEA 10. COMMITTEE REPORTS A. Budget to Actuals Report Budget Subcommittee B. O&D Report 11. EXECUTIVE SESSION – (Bylaws Section 5.11.4) – To discuss confidential matters regarding the immediate knowledge of which may have an adverse effect on the Authority or Project. 12. MEMBERS COMMENTS 13. NEXT MEETING DATE – September 27, 2024 14. ADJOURNMENT 813 W Northern Lights Blvd, Anchorage, AK 99503  Phone: (907) 771-3000  Fax: (907) 771-3044  Email: info@akenergyauthority.org REDUCING THE COST OF ENERGY IN ALASKA AKENERGYAUTHORITY.ORG MEMORANDUM TO: Curtis Thayer, Executive Director FROM: Jim Mendenhall, P.E., Program Manager DATE: July 22, 2024 SUBJECT: Railbelt Innovation and Resliency Project, Phase 1 GRIP Topic 3, Round 1 Update AEA has submitted all the documents requested by DOE in order for them to make an award. DOE is currently performing an internal review of the documents. They expect to issue a project award effective September 1, 2024. AEA submitted an estimate of ~$1.5M in pre-award expenses (10/18/2023-08/31/2024). The DOE has approved the pre-award expenses. Earlier this year we submitted a project budget of ~$14.7M for the initial budget period (10/18/2023- 6/30/2025). This estimate included the pre-award expenses and will be the basis for the spending cap when the award is sissued. As more funds are dedicated to the project, the spending cap will increase. State funding based on the FY2025 budget is currently $32.7M total, of which $20M is from the Bradley Bonds and $12.7M is dedicated from State funds. DOE has forwarded a revised set of Terms & Conditions for our review. AEA has forwarded them to Dorsey & Whitney for review. DOE has told us that they are happy to provide clarifications but typically they are not open to making revisions to the documents. The initial focus is system studies, design, permitting and siting issues related to the HVDC line. We did include some design costs related to the BESS because we know those systems need to be evaluated for integration in the Railbelt system regardless of when they are integrated. AEA, in cooperation with the Railbelt Utilities, is in the process of a Strategic Analysis of the Railbelt transmission system. The Strategic Analysis should provide a value for the transfer requirements of the subsea cable. AEA, through an existing contract, has asked Stantec to prepare a proposal for an initial project work plan and schedule for the HVDC project. It will include: pre-construction planning for supply, delivery, construction, installation and commissioning of HVDC Link. That proposal will be shared with the technical working group. We continue to have weekly check-in meetings with the DOE. 1 Bradley Lake Project Management Committee Report on Railbelt Regional Coordination July 22nd, 2024 Overview: The Bradley Lake Project Management Committee is focused on two main objectives: expanding the project's capacity from 90 MW to its full potential of 120 MW and ensuring the reliable and resilient delivery of energy and capacity to all stakeholders. Moreover, the committee is committed to addressing and eliminating large-scale, small-signal instability oscillations that arise when the Bradley Project interacts with the summer valley during periods of low lake levels. To achieve these objectives, a comprehensive regional transmission plan, named the Grid Modernization and Resiliency Plan (GMRP), has been developed. The implementation of GMRP is expected to yield several ancillary benefits, including a more resilient and robust grid capable of withstanding extreme weather events and other disruptions. The modernization efforts will enhance power transfer capabilities between regions, reduce the need for thermal reserves, decrease fuel consumption, and cut carbon emissions. Additionally, the upgraded grid will better accommodate variable clean energy sources. This report outlines our activities related to these efforts over the months of February and March Contractors: • None Grant Efforts : State Match efforts I continued working with the lobbying team to complete a comprehensive financial package to fund the entire suite of Railbelt upgrades. We are working to develop consensus and an agreement to move this concept forward. I have been working to organize a facilitated discussion with Vision Foresight Strategy (VFS) to qualitatively discuss and evaluate the benefits and challenges of the proposed transmission line from Soldotna to Healy. This session will follow the VFS one-day format. It is tentatively scheduled for late July-mid August. I’m seeking input as to the date that will provide the broadest spectrum of participation. From utilities and stakeholders. 2 Concept Papers: • The DOE declined our Topic 1, Grid Resilience concept paper. • We were asked to proceed to a full application with our Topic 3 Grid Innovation concept paper. Workshop and state match efforts • Planning and organizing workshop logistics • Developing four future scenarios and back up material • Developing Questions for teams to answer • Engage non-utility stakeholders and discuss proposed proces Looking Forward: • A decision on our Topic 3 Funding Cycle 2 application is anticipated in Fall/Winter 2024. • The final GRIP Funding Cycle 3 concept paper and application process likely to kick off in late Fall/early winter of 2024 • I will be seeking input from Travis million on goals for the coming fiscal year. We will circulate these proposed goals to the committee for review and comment. Other Activities: • As noted previously, on April 3rd, I have transitioned to a reduced (40%) role at EDRRC as I begin assisting the Seward Electric System with their utility management. However, I will continue to oversee the Federal Grant applications process and aid as required in state and utility match efforts. • I have rescheduled my summer leave to August 26th through Sept 2. This report reflects our continuous commitment to enhancing the Railbelt region's energy infrastructure and resilience, marking significant milestones in our journey towards a more sustainable and efficient energy future. Bradley Lake Operators Report Page 1 Bradley Lake Operator Report BPMC July 2024 Unit Statistics: Generation Unit 1 (MWhrs) Unit 2 (MWhrs) Total (MWhrs) May 2024 June 2024 July 2024 22,663 27,560 4,210 18,515 1,306 6,732 41,178 18,866 10,943 Hydraulics Avg. Lake Level (ft.) Bradley Fishwater (ac ft.) Battle Creek MIF (ac ft.) May 2024 June. 2024 July. 2024 1,097 1,103 1,126 746 294 1279 0 379 522 Battle Creek Inflows to Bradley (ac ft.) May 2024 June. 2024 July. 2024* 0 7000 6034 *Lake Level – 1,133.5’ As of July 16, 2024 Activities • Forced outage – On 7 July 2024 at 0455am Unit #2 experienced a trip with an 86G event. The DECS 400 caused a low voltage situation initiating a negative MVAR load on unit #2. EPS is trouble shooting the DECS 400 and recommends the unit be scheduled for an outage to further investigate the trip. Outage has been scheduled for 5 August 2024. • Dam – Completed the monthly safety inspections for July. • Battle Creek Diversion – Completed the monthly safety inspections for July. We currently have a failed flow sensor in the MIF gate discharge. We are working with the DOWL engineer to facilitate a more reliable flow reading with a replacement sensor. • Bradley Lake New Residence – Completed the final trim out. The fire system tested good. Need to wire in the fire alarm bell and strobe light. Need to install Blinds. When assessing the septic system, it was discovered that the leach field drains too quickly. The engineer is investigating options to correct the issue. • Needle Valve Purchase – The container did not make the scheduled shipping date. The shipping company prioritizes their rental containers over owner containers when loading cargo. Our container got bumped. It is currently sitting in France waiting to continue its voyage. The new ETA is late September 2024. Bradley Lake Operators Report Page 2 • 40 Ton Crane – Work on the crane was placed on hold due to lack of housing space available in the crew’s quarters for the mechanic. Work will resume after the Dixon drill crew has completed their work. • Fire System- Nothing new to report. • Safety- There have been no lost time or reportable accidents for the month of June and as of this date in July. Next Safety meeting is scheduled for August 14, 2024. • Barge trip – A barge is scheduled for 24 July 2024, at 4am. It will transport fuel for the project, drums of turbine oil, nitrogen bottles, a dumpster, replacement doors and windows, snow blower, and furniture for employee housing. • Barge Dock- No change from last report. Contractors/ Visitors on site: o Dixon project drilling team. o HEA - Larry Jorgensen - July Safety Meeting. o Homer Plumbing - Punch list repairs. o Peninsula Rain Gutter - Josiah Stauffer. o Homer Soil and Water Conservation District – Abby DeKoekkoek. o Chinook Fire- New Residence Fire System. o CCI General – New Residence Septic System. o DOWL Engineering – Dixson Project Bradley Lake Dam, Lake Elevation 1126.8 Bradley Lake Operators Report Page 3 Dixon Project Support Helicopter Dixon Project Drill Rig Clearing Brush from Campgrounds Bradley Lake Operators Report Page 4 Maintenance on Battle Creek Bridge Remodel on Maintenance Shop Restroom Otters Crossing the Runway Black Bear at the Power Tunnel Bradley Lake Operators Report Page 5 Battle Creek Upstream of Diversion Battle Creek Trash Rack Alaska Energy Authority Bradley Lake Budget to Actual Expenses DRAFT 07/01/2023 to 06/30/2024 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 - 233,613 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 25,625 Brush Hog for Front End Loader - - - - 150,000 - JLG All Terrain Fork Lift- New Purchase - - - - 190,000 213,942 Replace BL#5 2009 F150 Crew Cab Pickup - - - - 45,000 - Warhouse Heaters x2 (Replace) - - - - 5,000 4,617 ISO Shipping Containers x2 (Replace) - - - - 40,000 30,700 Total Non R&C Capital Purchases 909,000 236,264 1,558,000 1,262,914 948,000 508,497 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 06/30/24 Page 2 of 13 ALASKA ENERGY AUTHORITY BRADLEY LAKE OPERATIONS & MAINTENANCE SCHEDULE B BUDGET TO ACTUAL EXPENSES FOR THE PERIOD 07/01/2023 THROUGH 06/30/2024 FY 24 FY 23 FY24 Approved Budget BUDGET % 07/01/2023 - 06/30/2024 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) 387,700 387,700 - - 292,513 292,513 95,187 277,000 289,268 Labor & Benefits 2,023,067 2,023,067 995,360 46,949 550,944 1,593,252 429,815 1,997,876 1,801,438 Travel 78,500 78,500 2,407 - 20,917 23,323 55,177 84,950 12,894 Training 50,000 50,000 9,848 - 144 9,992 40,008 49,300 19,549 Contractual 1,181,381 1,181,381 611,332 1,364 223,489 836,186 345,195 1,215,727 1,068,101 Consulting-Administrative 265,000 265,000 - - 241,028 241,028 23,972 249,375 248,684 Supplies & Materials 330,332 330,332 153,943 4,263 1,598 159,804 170,528 329,232 133,087 Other Costs 79,318 79,318 31,769 26,180 240 58,189 21,129 79,318 64,623 Equipment, Furniture & Machinery 165,000 165,000 156,792 - - 156,792 8,208 24,000 7,877 Administrative Costs 1,553,800 1,553,800 47,552 - 1,674,694 1,722,246 (168,446) 1,492,905 1,549,774 Indirect Costs 1,480,105 1,480,105 1,220,669 - - 1,220,669 259,436 1,486,285 1,364,672 O&M 4% Allocation to Battle Creek (303,768) (303,768) - - - - (303,768) (236,473) - Total Bradley Lake Budget 7,290,435 7,290,435 3,229,672 78,756 3,005,567 6,313,994 976,441 7,049,495 6,559,966 FERC 535 - Operation Supervision & Engineering Operations Sup/Eng Bradley Lake Operating Labor & Benefits 105,451 105,451 100,121 - - 100,121 5,330 108,311 112,787 Travel 5,000 5,000 1,836 - - 1,836 3,164 10,450 590 Training 5,000 5,000 581 - - 581 4,419 9,300 - Contractual 3,000 3,000 - - - - 3,000 1,000 - Supplies & Materials 4,000 4,000 243 - - 243 3,757 4,000 314 Indirect Costs 155,698 155,698 139,562 - - 139,562 16,136 155,698 150,349 Bradley Lake Operating Total 278,149 278,149 242,343 - - 242,343 35,806 288,759 264,040 FERC 535 - Operation Supervision & Engineering Total 278,149 278,149 242,343 - - 242,343 35,806 288,759 264,040 FERC 537 - Hydraulic Expenses Hydraulic Expenses Bradley Lake Operating Labor & Benefits 95,262 95,262 67,354 - - 67,354 27,908 90,192 75,953 Contractual 60,000 60,000 - - - - 60,000 123,000 87 Supplies & Materials 2,000 2,000 2,461 - - 2,461 (461) 32,000 1,804 Indirect Costs 109,250 109,250 92,806 - - 92,806 16,444 114,320 105,908 Bradley Lake Operating Total 266,512 266,512 162,621 - - 162,621 103,891 359,512 183,752 FERC 537 - Hydraulic Expenses Total 266,512 266,512 162,621 - - 162,621 103,891 359,512 183,752 FERC 538 - Electric Expenses Electric Expenses Bradley Lake Operating Labor & Benefits 218,044 218,044 196,340 - - 196,340 21,704 218,044 228,803 Travel 7,000 7,000 201 - - 201 6,799 7,000 2,039 Training 30,000 30,000 9,267 - - 9,267 20,733 25,000 17,786 Contractual 5,000 5,000 2,506 - - 2,506 2,494 2,000 - Supplies & Materials 13,732 13,732 11,322 - - 11,322 2,410 9,732 4,319 Indirect Costs 262,004 262,004 227,419 - - 227,419 34,585 262,004 256,573 Bradley Lake Operating Total 535,780 535,780 447,055 - - 447,055 88,725 523,780 509,520 FERC 538 - Electric Expenses Total 535,780 535,780 447,055 - - 447,055 88,725 523,780 509,520 FERC 539 - Misc. Hydraulic Power Generation Expenses Misc Hydro Power Exp Bradley Lake Operating Labor & Benefits 105,742 105,742 76,989 - - 76,989 28,753 105,742 90,508 Training 15,000 15,000 - - - - 15,000 15,000 1,009 Contractual 360,067 360,067 377,371 - - 377,371 (17,304) 315,867 229,130 Supplies & Materials 25,000 25,000 33,114 - - 33,114 (8,114) 17,900 20,976 Indirect Costs 114,320 114,320 106,014 - - 106,014 8,306 114,320 120,737 Bradley Lake Operating Total 620,129 620,129 593,489 - - 593,489 26,640 568,829 462,360 BRADLEY CIRCUITS/RADIO TO BERNICE LK Other Costs 35,695 35,695 31,769 - - 31,769 3,926 35,695 34,149 BRADLEY CIRCUITS/RADIO TO BERNICE LK Total 35,695 35,695 31,769 - - 31,769 3,926 35,695 34,149 BRADLEY CIRCUITS BERNICE LK TO ANCH Other Costs 29,773 29,773 - 26,180 - 26,180 3,593 29,773 28,471 BRADLEY CIRCUITS BERNICE LK TO ANCH Total 29,773 29,773 - 26,180 - 26,180 3,593 29,773 28,471 FERC 539 - Misc. Hydraulic Power Generation Expenses Total 685,597 685,597 625,258 26,180 - 651,438 34,159 634,297 524,980 FERC 541 - Maintenance Supervision & Engineering Maint Supervision/Eng Bradley Lake Operating Labor & Benefits 110,451 110,451 106,026 - - 106,026 4,425 116,171 113,497 Indirect Costs 155,698 155,698 140,498 - - 140,498 15,200 155,698 150,349 Bradley Lake Operating Total 266,149 266,149 246,523 - - 246,523 19,626 271,869 263,847 FERC 541 - Maintenance Supervision & Engineering Total 266,149 266,149 246,523 - - 246,523 19,626 271,869 263,847 FERC 542 - Maintenance of Structures Maintenance of Structures Bradley Lake Operating Labor & Benefits 89,710 89,710 66,420 - - 66,420 23,290 86,639 69,437 Contractual 56,000 56,000 26,714 - - 26,714 29,286 56,000 59,713 Supplies & Materials 78,000 78,000 18,963 - - 18,963 59,037 94,000 9,592 Equipment, Furniture & Machinery 15,000 15,000 15,378 - - 15,378 (378) 19,000 6,693 Indirect Costs 102,350 102,350 88,686 - - 88,686 13,664 105,421 96,693 Bradley Lake Operating Total 341,060 341,060 216,161 - - 216,161 124,899 361,060 242,128 FERC 542 - Maintenance of Structures Total 341,060 341,060 216,161 - - 216,161 124,899 361,060 242,128 FERC 543 - Maintenance of Reservoirs, Dams & Waterways Maint Res, Dams, WWays Bradley Lake Operating Labor & Benefits 51,783 51,783 5,939 - - 5,939 45,844 53,744 1,507 Travel - - - - - - - 1,000 - Contractual 6,500 6,500 - - - - 6,500 22,500 5,114 Supplies & Materials 20,000 20,000 - - - - 20,000 20,000 - Indirect Costs 58,650 58,650 8,623 - - 8,623 50,027 56,689 1,511 Bradley Lake Operating Total 136,933 136,933 14,562 - - 14,562 122,371 153,933 8,132 Page 3 of 13 ALASKA ENERGY AUTHORITY BRADLEY LAKE OPERATIONS & MAINTENANCE SCHEDULE B BUDGET TO ACTUAL EXPENSES FOR THE PERIOD 07/01/2023 THROUGH 06/30/2024 FY 24 FY 23 FY24 Approved Budget BUDGET % 07/01/2023 - 06/30/2024 HEA Actual CEA Actual AEA Actual Total Actual (Over) Under Budget to Date FY23 Approved Budget FY23 Actual BRADLEY POWER TUNNEL MAINT (Dam) Contractual 15,000 15,000 - - - - 15,000 - - BRADLEY POWER TUNNEL MAINT (Dam) Total 15,000 15,000 - - - - 15,000 - - FERC 543 - Maintenance of Reservoirs, Dams & Waterways Total 151,933 151,933 14,562 - - 14,562 137,371 153,933 8,132 FERC 544 - Maintenance of Electric Plant Maintenance of Elec Plant Bradley Lake Operating Labor & Benefits 309,110 309,110 241,734 - - 241,734 67,376 309,110 276,280 Travel 4,500 4,500 369 - - 369 4,131 4,500 - Contractual 40,000 40,000 45,405 - - 45,405 (5,405) 58,000 3,180 Supplies & Materials 40,000 40,000 36,164 - - 36,164 3,836 43,000 28,310 Indirect Costs 423,178 423,178 333,165 - - 333,165 90,013 423,178 384,985 Bradley Lake Operating Total 816,788 816,788 656,836 - - 656,836 159,952 837,788 692,754 FERC 544 - Maintenance of Electric Plant Total 816,788 816,788 656,836 - - 656,836 159,952 837,788 692,754 FERC 545 - Maintenance of Misc. Hydraulic Plant Maint of Misc Hydr Plant Bradley Lake Operating Labor & Benefits 69,297 69,297 60,735 - - 60,735 8,562 69,297 70,628 Contractual 45,000 45,000 76,882 - - 76,882 (31,882) 3,900 7,276 Supplies & Materials 68,000 68,000 51,225 - - 51,225 16,775 29,000 41,166 Equipment, Furniture & Machinery 150,000 150,000 141,415 - - 141,415 8,585 5,000 1,184 Indirect Costs 98,957 98,957 83,895 - - 83,895 15,062 98,957 97,565 Bradley Lake Operating Total 431,254 431,254 414,151 - - 414,151 17,103 206,154 217,819 FERC 545 - Maintenance of Misc. Hydraulic Plant Total 431,254 431,254 414,151 - - 414,151 17,103 206,154 217,819 FERC 556 - System Control & Load Dispatching System Cntl & Load Disp Bradley Lake Operating Labor & Benefits 20,174 20,174 11,333 - - 11,333 8,841 20,174 22,342 Contractual 85,500 85,500 46,217 - - 46,217 39,283 85,500 97,154 Supplies & Materials 12,000 12,000 452 - - 452 11,548 12,000 4,242 Bradley Lake Operating Total 117,674 117,674 58,002 - - 58,002 59,672 117,674 123,738 Snow Measurement Bradley Lake Operating Contractual 10,000 10,000 - - 9,600 9,600 400 10,000 9,600 Bradley Lake Operating Total 10,000 10,000 - - 9,600 9,600 400 10,000 9,600 Seismic Service Bradley Lake Operating Contractual 62,000 62,000 - - 61,969 61,969 31 62,000 63,456 Bradley Lake Operating Total 62,000 62,000 - - 61,969 61,969 31 62,000 63,456 Streamguaging Serv Bradley Lake Operating Contractual 278,014 278,014 - - 151,920 151,920 126,094 218,000 191,173 Bradley Lake Operating Total 278,014 278,014 - - 151,920 151,920 126,094 218,000 191,173 Permits Bradley Lake Operating Other Costs 350 350 - - 240 240 110 350 240 Bradley Lake Operating Total 350 350 - - 240 240 110 350 240 FERC 556 - System Control & Load Dispatching Total 468,038 468,038 58,002 - 223,729 281,731 186,307 408,024 388,208 FERC 562 - Station Expenses Station Expenses Bradley Lake Operating Labor & Benefits 102,043 102,043 18,578 46,949 - 65,527 36,517 98,418 58,186 Travel 3,500 3,500 - - 336 336 3,164 3,500 - Contractual 80,300 80,300 36,237 1,364 - 37,602 42,698 87,960 63,979 Supplies & Materials 19,600 19,600 - 4,263 - 4,263 15,337 44,600 9,918 Other Costs 1,500 1,500 - - - - 1,500 1,500 - Bradley Lake Operating Total 206,943 206,943 54,815 52,576 336 107,727 99,216 235,978 132,082 FERC 562 - Station Expenses Total 206,943 206,943 54,815 52,576 336 107,727 99,216 235,978 132,082 FERC 571 - Maintenance of Overhead Lines Maint of OH Lines Bradley Lake Operating Labor & Benefits 16,000 16,000 43,793 - - 43,793 (27,793) 39,954 39,373 Contractual 75,000 75,000 - - - - 75,000 150,000 171,636 Supplies & Materials 30,000 30,000 - - - - 30,000 5,000 1,108 Bradley Lake Operating Total 121,000 121,000 43,793 - - 43,793 77,207 194,954 212,117 FERC 571 - Maintenance of Overhead Lines Total 121,000 121,000 43,793 - - 43,793 77,207 194,954 212,117 FERC 920 & 930 - Administrative Expense AEA Bradley Fixed Admin Fees Bradley Lake Operating Staff Professional Services (Direct) 387,700 387,700 - - 292,513 292,513 95,187 277,000 270,305 Travel - - - - 20,581 20,581 (20,581) - 3,888 Training - - - - 144 144 (144) - 754 Consulting-Administrative - - - - 17,158 17,158 (17,158) - 2,390 Supplies & Materials - - - - 1,598 1,598 (1,598) - 4,246 Administrative Costs 2,500 2,500 - - 136,105 136,105 (133,605) 2,500 166,004 Bradley Lake Operating Total 390,200 390,200 - - 468,098 468,098 (77,898) 279,500 447,588 Bradley Lake Bond Financing Staff Professional Services (Direct) - - - - - - - - 18,962 Bradley Lake Bond Financing Total - - - - - - - - 18,962 BRADLEY HEA BESS Preliminary Study BRADLEY HEA BESS Preliminary Study Total - - - - - - - - - General & Administrative Costs Supplies & Materials - - - - - - - - 154 Administrative Costs - - - - - - - - (350) General & Administrative Costs Total - - - - - - - - (196) Operating Committee Exp-Audit Bradley Lake Operating Page 4 of 13 ALASKA ENERGY AUTHORITY BRADLEY LAKE OPERATIONS & MAINTENANCE SCHEDULE B BUDGET TO ACTUAL EXPENSES FOR THE PERIOD 07/01/2023 THROUGH 06/30/2024 FY 24 FY 23 FY24 Approved Budget BUDGET % 07/01/2023 - 06/30/2024 HEA Actual CEA Actual AEA Actual Total Actual (Over) Under Budget to Date FY23 Approved Budget FY23 Actual Administrative Costs 22,000 22,000 - - 35,030 35,030 (13,030) 19,900 32,520 Bradley Lake Operating Total 22,000 22,000 - - 35,030 35,030 (13,030) 19,900 32,520 Operating Committee Exp-Legal Bradley Lake Operating Administrative Costs 80,000 80,000 - - 149,623 149,623 (69,623) 70,000 153,966 Bradley Lake Operating Total 80,000 80,000 - - 149,623 149,623 (69,623) 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 13,000 - - - - 13,000 13,000 - Bradley Lake Operating Total 13,000 13,000 - - - - 13,000 13,000 - Battle Creek Operating Battle Creek Operating Total - - - - - - - - - Misc Admin Bradley Lake Operating Administrative Costs 13,000 13,000 - - 13,663 13,663 (663) 12,000 13,604 Bradley Lake Operating Total 13,000 13,000 - - 13,663 13,663 (663) 12,000 13,604 Professional Consultants Bradley Lake Operating Labor & Benefits 730,000 730,000 - - 550,944 550,944 179,056 682,080 642,139 Travel 58,500 58,500 - - - - 58,500 58,500 6,376 Contractual - - - - - - - 20,000 166,602 Consulting-Administrative - - - - - - - - 4,458 Supplies & Materials 18,000 18,000 - - - - 18,000 18,000 6,940 Other Costs 12,000 12,000 - - - - 12,000 12,000 1,762 Bradley Lake Operating Total 818,500 818,500 - - 550,944 550,944 267,556 790,580 828,277 FERC 920 & 930 - Administrative Expense Total 1,336,700 1,336,700 - - 1,217,359 1,217,359 119,341 1,189,980 1,494,722 FERC 924 & 925 - Insurance Premiums Insurance Premiums Bradley Lake Operating Administrative Costs 1,138,300 1,138,300 47,552 - 1,129,869 1,177,420 (39,120) 1,015,505 974,625 Bradley Lake Operating Total 1,138,300 1,138,300 47,552 - 1,129,869 1,177,420 (39,120) 1,015,505 974,625 FERC 924 & 925 - Insurance Premiums Total 1,138,300 1,138,300 47,552 - 1,129,869 1,177,420 (39,120) 1,015,505 974,625 FERC 923 - Outside Services Employed Outside Services Employed Bradley Lake Operating Consulting-Administrative 265,000 265,000 - - 223,870 223,870 41,130 249,375 241,836 Bradley Lake Operating Total 265,000 265,000 - - 223,870 223,870 41,130 249,375 241,836 FERC 923 - Outside Services Employed Total 265,000 265,000 - - 223,870 223,870 41,130 249,375 241,836 FERC 928 - Regulatory Commission Expenses FERC Admin Fees Bradley Lake Operating Administrative Costs 165,000 165,000 - - 161,866 161,866 3,134 150,000 126,085 Bradley Lake Operating Total 165,000 165,000 - - 161,866 161,866 3,134 150,000 126,085 FERC Related Prof Services Bradley Lake Operating Bradley Lake Operating Total - - - - - - - - - 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 120,000 120,000 - - 48,538 48,538 71,462 180,000 82,883 BRADLEY CONTRACTUAL ENGINEER-FERC LICENSE ISSUES Total 120,000 120,000 - - 48,538 48,538 71,462 180,000 82,883 FERC 928 - Regulatory Commission Expenses Total 285,000 285,000 - - 210,404 210,404 74,596 355,000 209,404 O&M 4% Allocation to Battle Creek (303,768) (303,768) - - - - (303,768) (236,473) - Total Bradley Lake Budget 7,290,435 7,290,435 3,229,672 78,756 3,005,567 6,313,994 976,441 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 33,942 171,339 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 1,500,000 170,564 1,379,294 252,000 Needle Valve Rebuild - - - - - - 198,086 198,086 1,579,535 988,217 33,295,609 1,930,000 789,379 34,084,987 3,000,000 915,790 35,000,777 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) (246,205) Net Transfer from Revenue Fund (2,478,823) (2,857,925) (3,584,851) Cumulative Prior Years R&C Repayments (27,707,352) (29,808,017) (31,677,137) Due to (from) Utilities 378,159 988,805 1,589,796 Adjust Due to R&C Actual - - - (27,329,193) (28,819,211) (30,087,341) NET DUE TO R&C FUND 3,487,592 2,407,851 1,328,586 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 42,921 100,912 246,205 Participants Contributions to R&C Fund 2,435,902 2,757,013 3,338,646 Ending Investment Balance 2,363,808 4,370,333 6,177,000 Accrued Due to (from) Utilities (378,159) (988,805) (1,589,796) R&C payable back to the revenue fund - - - Accrued R&C vendor Payable at Year End (473,241) (789,379) (915,790) 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 1,379,294 $756,665.11 x 25% all 4 years Paid with Renewable Energy Fund Grant ($1MM) 684,360 $1,455,830.05 x 25% all 4 years Total Project Cost at 6/30/24 2,063,654 $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 228,947 2,100,664 1,869,120 1,995,055 BRADLEY LAKE R&C FUND DISBURSEMENTS AND REPAYMENTS SCHEDULE D Expenses for the period 07/01/23 to 06/30/24 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 88,651 Total Non R&C Capital Purchases 115,000 57,628 90,000 71,423 165,000 88,651 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 06/30/24 Page 7 of 13 BATTLE CREEK OPERATIONS & MAINTENANCE SCHEDULE F BUDGET TO ACTUAL EXPENSES FOR THE PERIOD 07/01/2023 THROUGH 06/30/2024 FY 24 FY 23 FY24 Approved Budget BUDGET % 07/01/2023 - 06/30/2024 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 50,000 - - 43,893 43,893 6,107 - 58,017 Labor & Benefits - - 33,771 1,608 20,209 55,588 (55,588) - 82,339 Travel - - 76 - 973 1,049 (1,049) - 537 Training - - 410 - 6 416 (416) - 940 Contractual 125,000 125,000 17,243 57 124,569 141,869 (16,869) 126,000 164,132 Consulting-Administrative - - - - 5,157 5,157 (5,157) - 17,560 Supplies & Materials - - 4,618 59 - 4,677 (4,677) - 5,862 Other Costs - - 952 784 10 1,746 (1,746) - 2,920 Equipment, Furniture & Machinery - - 3,880 - - 3,880 (3,880) - 346 Administrative Costs 11,500 11,500 1,483 - 50,325 51,808 (40,308) 54,900 78,084 Indirect Costs - - 40,887 - - 40,887 (40,887) - 62,821 O&M 4% Allocation to Battle Creek 303,768 303,768 - - - - 303,768 236,473 - Total Battle Creek Budget 490,268 490,268 103,321 2,508 245,143 350,972 139,296 417,373 473,557 FERC 535 - Operation Supervision & Engineering Operations Sup/Eng Battle Creek Operating Labor & Benefits - - 3,337 - - 3,337 (3,337) - 5,090 Travel - - 68 - - 68 (68) - 25 Training - - 24 - - 24 (24) - - Supplies & Materials - - - - - - - - 13 Indirect Costs - - 4,656 - - 4,656 (4,656) - 6,803 Battle Creek Operating Total - - 8,086 - - 8,086 (8,086) - 11,931 FERC 535 - Operation Supervision & Engineering Total - - 8,086 - - 8,086 (8,086) - 11,931 FERC 537 - Hydraulic Expenses Hydraulic Expenses Battle Creek Operating Labor & Benefits - - 2,282 - - 2,282 (2,282) - 3,557 Contractual 70,000 70,000 - - 62,923 62,923 7,077 81,000 65,278 Supplies & Materials - - 103 - - 103 (103) - 75 Indirect Costs - - 3,113 - - 3,113 (3,113) - 4,911 Battle Creek Operating Total 70,000 70,000 5,497 - 62,923 68,420 1,580 81,000 73,821 FERC 537 - Hydraulic Expenses Total 70,000 70,000 5,497 - 62,923 68,420 1,580 81,000 73,821 FERC 538 - Electric Expenses Electric Expenses Battle Creek Operating Labor & Benefits - - 6,660 - - 6,660 (6,660) - 10,507 Travel - - 8 - - 8 (8) - 85 Training - - 386 - - 386 (386) - 867 Contractual - - 104 - - 104 (104) - - Supplies & Materials - - 327 - - 327 (327) - 184 Indirect Costs - - 7,642 - - 7,642 (7,642) - 11,814 Battle Creek Operating Total - - 15,128 - - 15,128 (15,128) - 23,457 FERC 538 - Electric Expenses Total - - 15,128 - - 15,128 (15,128) - 23,457 FERC 539 - Misc. Hydraulic Power Generation Expenses Misc Hydro Power Exp Battle Creek Operating Labor & Benefits - - 2,623 - - 2,623 (2,623) - 4,197 Training - - - - - - - - 42 Contractual - - 12,577 - - 12,577 (12,577) - 10,529 Supplies & Materials - - 736 - - 736 (736) - 918 Other Costs - - 952 784 - 1,736 (1,736) - 2,836 Indirect Costs - - 3,579 - - 3,579 (3,579) - 5,578 Battle Creek Operating Total - - 20,467 784 - 21,251 (21,251) - 24,101 FERC 539 - Misc. Hydraulic Power Generation Expenses Total - - 20,467 784 - 21,251 (21,251) - 24,101 FERC 541 - Maintenance Supervision & Engineering Maint Supervision/Eng Battle Creek Operating Labor & Benefits - - 3,458 - - 3,458 (3,458) - 5,120 Indirect Costs - - 4,695 - - 4,695 (4,695) - 6,803 Battle Creek Operating Total - - 8,154 - - 8,154 (8,154) - 11,923 FERC 541 - Maintenance Supervision & Engineering Total - - 8,154 - - 8,154 (8,154) - 11,923 FERC 542 - Maintenance of Structures Maintenance of Structures Battle Creek Operating Labor & Benefits - - 2,265 - - 2,265 (2,265) - 3,242 Contractual - - 1,041 - - 1,041 (1,041) - 2,488 Supplies & Materials - - 537 - - 537 (537) - 470 Equipment, Furniture & Machinery - - 421 - - 421 (421) - 296 Indirect Costs - - 2,989 - - 2,989 (2,989) - 4,474 Battle Creek Operating Total - - 7,254 - - 7,254 (7,254) - 10,970 FERC 542 - Maintenance of Structures Total - - 7,254 - - 7,254 (7,254) - 10,970 FERC 543 - Maintenance of Reservoirs, Dams & Waterways Maint Res, Dams, WWays Battle Creek Operating Labor & Benefits - - 98 - - 98 (98) - 73 Contractual - - - - - - - - 213 Indirect Costs - - 139 - - 139 (139) - 79 Battle Creek Operating Total - - 237 - - 237 (237) - 366 FERC 543 - Maintenance of Reservoirs, Dams & Waterways Total - - 237 - - 237 (237) - 366 FERC 544 - Maintenance of Electric Plant Maintenance of Elec Plant Battle Creek Operating Labor & Benefits - - 8,204 - - 8,204 (8,204) - 12,941 Contractual - - 1,205 - - 1,205 (1,205) - 132 Supplies & Materials - - 1,506 - - 1,506 (1,506) - 1,248 Indirect Costs - - 11,262 - - 11,262 (11,262) - 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 06/30/2024 FY 24 FY 23 FY24 Approved Budget BUDGET % 07/01/2023 - 06/30/2024 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 - - 22,177 - - 22,177 (22,177) - 32,171 FERC 544 - Maintenance of Electric Plant Total - - 22,177 - - 22,177 (22,177) - 32,171 FERC 545 - Maintenance of Misc. Hydraulic Plant Maint of Misc Hydr Plant Battle Creek Operating Labor & Benefits - - 2,052 - - 2,052 (2,052) - 3,293 Contractual - - 993 - - 993 (993) - 303 Supplies & Materials - - 1,405 - - 1,405 (1,405) - 1,756 Equipment, Furniture & Machinery - - 3,458 - - 3,458 (3,458) - 49 Indirect Costs - - 2,812 - - 2,812 (2,812) - 4,508 Battle Creek Operating Total - - 10,720 - - 10,720 (10,720) - 9,909 FERC 545 - Maintenance of Misc. Hydraulic Plant Total - - 10,720 - - 10,720 (10,720) - 9,909 FERC 556 - System Control & Load Dispatching System Cntl & Load Disp Battle Creek Operating Labor & Benefits - - 387 - - 387 (387) - 969 Contractual - - 194 - - 194 (194) - 6,273 Supplies & Materials - - 5 - - 5 (5) - 177 Battle Creek Operating Total - - 586 - - 586 (586) - 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 - - - - 1,317 1,317 (1,317) - 2,804 Battle Creek Operating Total - - - - 1,317 1,317 (1,317) - 2,804 Streamguaging Serv Battle Creek Operating Contractual 55,000 55,000 - - 59,930 59,930 (4,930) 45,000 67,062 Battle Creek Operating Total 55,000 55,000 - - 59,930 59,930 (4,930) 45,000 67,062 Permits Battle Creek Operating Other Costs - - - - 10 10 (10) - 10 Battle Creek Operating Total - - - - 10 10 (10) - 10 FERC 556 - System Control & Load Dispatching Total 55,000 55,000 586 - 61,657 62,242 (7,242) 45,000 77,693 FERC 562 - Station Expenses Station Expenses Battle Creek Operating Labor & Benefits - - 580 1,608 - 2,188 (2,188) - 2,596 Travel - - - - 14 14 (14) - - Contractual - - 1,129 57 - 1,185 (1,185) - 2,785 Supplies & Materials - - - 59 - 59 (59) - 482 Battle Creek Operating Total - - 1,709 1,723 14 3,446 (3,446) - 5,864 FERC 562 - Station Expenses Total - - 1,709 1,723 14 3,446 (3,446) - 5,864 FERC 571 - Maintenance of Overhead Lines Maint of OH Lines Battle Creek Operating Labor & Benefits - - 1,825 - - 1,825 (1,825) - 1,641 Contractual - - - - - - - - 7,152 Supplies & Materials - - - - - - - - 46 Battle Creek Operating Total - - 1,825 - - 1,825 (1,825) - 8,838 FERC 571 - Maintenance of Overhead Lines Total - - 1,825 - - 1,825 (1,825) - 8,838 FERC 920 & 930 - Administrative Expense AEA Bradley Fixed Admin Fees Battle Creek Operating Staff Professional Services (Direct) 50,000 50,000 - - 43,893 43,893 6,107 - 58,017 Travel - - - - 959 959 (959) - 162 Training - - - - 6 6 (6) - 31 Consulting-Administrative - - - - 665 665 (665) - 100 Supplies & Materials - - - - - - - - 203 Administrative Costs - - - - 2,823 2,823 (2,823) 43,000 3,379 Battle Creek Operating Total 50,000 50,000 - - 48,346 48,346 1,654 43,000 61,891 Operating Committee Exp-Audit Battle Creek Operating Administrative Costs - - - - 1,460 1,460 (1,460) - 1,355 Battle Creek Operating Total - - - - 1,460 1,460 (1,460) - 1,355 Operating Committee Exp-Legal Battle Creek Operating Administrative Costs 5,000 5,000 - - 4,513 4,513 487 5,000 7,042 Battle Creek Operating Total 5,000 5,000 - - 4,513 4,513 487 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 5,500 - - 4,170 4,170 1,330 4,800 4,000 Battle Creek Operating Total 5,500 5,500 - - 4,170 4,170 1,330 4,800 4,000 Misc Admin Battle Creek Operating Administrative Costs 1,000 1,000 - - 569 569 431 100 567 Battle Creek Operating Total 1,000 1,000 - - 569 569 431 100 567 Professional Consultants Page 9 of 13 BATTLE CREEK OPERATIONS & MAINTENANCE SCHEDULE F BUDGET TO ACTUAL EXPENSES FOR THE PERIOD 07/01/2023 THROUGH 06/30/2024 FY 24 FY 23 FY24 Approved Budget BUDGET % 07/01/2023 - 06/30/2024 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 - - - - 20,209 20,209 (20,209) - 29,115 Travel - - - - - - - - 266 Contractual - - - - - - - - (1,288) Consulting-Administrative - - - - - - - - 186 Supplies & Materials - - - - - - - - 289 Other Costs - - - - - - - - 73 Battle Creek Operating Total - - - - 20,209 20,209 (20,209) - 28,641 FERC 920 & 930 - Administrative Expense Total 61,500 61,500 - - 79,267 79,267 (17,767) 54,900 105,186 FERC 924 & 925 - Insurance Premiums Insurance Premiums Battle Creek Operating Administrative Costs - - 1,483 - 35,109 36,592 (36,592) - 44,104 Battle Creek Operating Total - - 1,483 - 35,109 36,592 (36,592) - 44,104 FERC 924 & 925 - Insurance Premiums Total - - 1,483 - 35,109 36,592 (36,592) - 44,104 FERC 923 - Outside Services Employed Outside Services Employed Battle Creek Operating Consulting-Administrative - - - - 4,492 4,492 (4,492) - 17,274 Battle Creek Operating Total - - - - 4,492 4,492 (4,492) - 17,274 FERC 923 - Outside Services Employed Total - - - - 4,492 4,492 (4,492) - 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 303,768 303,768 - - - - 303,768 236,473 - Total Battle Creek Budget 490,268 490,268 103,321 2,508 245,143 350,972 139,296 417,373 473,557 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 06/30/24 Page 11 of 13 ALASKA ENERGY AUTHORITY SSQ LINE OPERATIONS & MAINTENANCE SCHEDULE I BUDGET TO ACTUAL EXPENSES FOR THE PERIOD 07/01/2023 THROUGH 06/30/2024 FY 24 FY 23 FY24 Approved Budget BUDGET % 07/01/2023 - 06/30/2024 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 15,000 - - 33,694 33,694 (18,694) 53,000 50,664 Labor & Benefits 50,000 50,000 - - - - 50,000 56,999 521 Travel - - - - 214 214 (214) - - Contractual 175,000 175,000 - - - - 175,000 200,000 12,768 Permitting 40,000 40,000 - - 2,969 2,969 37,031 - - Supplies & Materials 25,000 25,000 - - 328 328 24,672 25,000 2,808 Other Costs - - - - 1,250 1,250 (1,250) - 103,186 Equipment, Furniture & Machinery - - - - - - - - 29 Administrative Costs 2,000 2,000 - - 21,044 21,044 (19,044) 2,000 100,387 Total SSQ Line Budget 307,000 307,000 - - 59,500 59,500 247,500 336,999 270,363 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 40,000 - - 2,969 2,969 37,031 - - SSQ Line Operating Total 40,000 40,000 - - 2,969 2,969 37,031 - - FERC 556 - System Control & Load Dispatching Total 40,000 40,000 - - 2,969 2,969 37,031 - - FERC 571 - Maintenance of Overhead Lines Maint of OH Lines SSQ Line Operating Labor & Benefits 50,000 50,000 - - - - 50,000 56,999 521 Contractual 175,000 175,000 - - - - 175,000 200,000 12,768 Supplies & Materials 25,000 25,000 - - - - 25,000 25,000 - Equipment, Furniture & Machinery - - - - - - - - 29 SSQ Line Operating Total 250,000 250,000 - - - - 250,000 281,999 13,318 FERC 571 - Maintenance of Overhead Lines Total 250,000 250,000 - - - - 250,000 281,999 13,318 FERC 920 & 930 - Administrative Expense AEA Bradley Fixed Admin Fees Battle Creek Operating Battle Creek Operating Total - - - - - - - - - SSQ Line Operating Staff Professional Services (Direct)15,000 15,000 - - 33,694 33,694 (18,694) 53,000 50,664 Travel - - - - 214 214 (214) - - Supplies & Materials - - - - 328 328 (328) - 2,417 Administrative Costs - - - - 19,044 19,044 (19,044) - 87,510 SSQ Line Operating Total 15,000 15,000 - - 53,280 53,280 (38,280) 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 2,000 - - 2,000 2,000 - 2,000 2,000 SSQ Line Operating Total 2,000 2,000 - - 2,000 2,000 - 2,000 2,000 FERC 920 & 930 - Administrative Expense Total 17,000 17,000 - - 55,280 55,280 (38,280) 55,000 153,858 Total SSQ Line Budget 307,000 307,000 - - 59,500 59,500 247,500 336,999 270,363 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 Earnings (Interest Income) Total Available Funding SSQ Line Series 10 Bond Proceeds 17,000,000 (225,252) (1,239,986) (13,566,179) 832,416 291 2,801,290 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 - - 1,534,960 (1,534,960) Soldotna-Sterling 230kV Construction - - 22,747 (22,747) Bradley RPW - Bond Series 10 - - 1,744 (1,744) Total SSQ Line Projects 2,801,290 1,720,814 - 2,801,290 (1,080,476) - Source Construction Funds at 11/30/22 Investment Expenses Calculated Capital Reserve at 11/30/22 Purchase of Exisiting Assets Released from Capital Reserve Earnings (Interest Income) Total Available Funding Required Project Work Bond Series 11 Funding 166,013,134 (157,250) (12,454,346) - 557,196 10,739,732 164,698,465 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% 57,644,463 75,000 22,473 958 74,042 57,621,032 Total BESS Capital Projects 57,644,463 75,000 22,473 958 74,042 57,621,032 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 - 285,391 498,974 (498,974) Soldotna-Sterling 230kV Construction - - 52,122 (52,122) BRADLEY Required Project Work Support - - 76,118 (76,118) Bradley RPW - Bond Series 11 - - 5,277 (5,277) Total Transmission Capital Projects 107,054,002 - 285,391 632,490 (632,490) 106,136,121 Total Required Project Work 164,698,465 75,000 307,864 633,449 (558,449) 163,757,152 ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT Capital Projects Funded by Bond Proceeds Appendix A 06/30/24 - 100% 2,801,290 106,136,121 107,054,002 65% Page 13 of 13 Bradley Operation and Dispatch Committee Report July 2024 Meeting Dates: July 19, 2024 Notable Discussions and Items: Outage Planning: 2025: Routine maintenance requiring approximately 2 weeks per unit with work beginning in March. 2026: Needle valve replacement requiring 1 month per unit with work beginning in April. Soldotna SVC maintenance and repairs: Cable connectors found broken during June maintenance by HEA. Materials are on order with an anticipated delivery in late August. Until all equipment is repaired, and full SVC returned to service, Bradley generation limited to 75 MW as per current Allocation and Schedule Procedures. Water Tracking & Lake Level: May and June inflows have been below forecast by approximately 11,670 MWh. Committee Assignments: □ CEA continues 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. • CEA and HEA working to update data tracking to ensure energy used during condense operation is allocated to all participants. CEA is developing policy outlining when condense will be used. □ BPMC approved - CEA & HEA investigating appropriate relay settings - $15k spend limit. • HEA and CEA working on the development of work scope for best practice analysis. Next Meeting: August 16th