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Home My WebLink About2022-06-24 IMC Agenda and docs INTERTIE MANAGEMENT COMMITTEE (IMC) REGULAR MEETING AGENDA June 24, 2022 9:00 AM Alaska Energy Authority Board Room 813 W Northern Lights Blvd, Anchorage, AK 99503 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 4. PUBLIC COMMENTS 5. AGENDA APPROVAL 6. APPROVAL OF PRIOR MINUTES – May 20, 2022 7. NEW BUSINESS A. Approval of FY23 IMC Budget AEA 8. COMMITTEE REPORTS A. BUDGET to ACTUALS AEA 9. MEMBERS COMMENTS 10. NEXT MEETING DATE – July 29, 2022 11. ADJOURNMENT Page 1 of 4 Alaska Intertie FY23 Proposed Budget FY22 Approved Proposed FY20 FY21 ACTUALS FY22 FY23 Actual Actual @ 3/31/22 Budget Budget REVENUES GVEA 1,554,543 1,942,988 1,445,023 1,703,855 2,659,181 ML&P 237,938 111,217 CEA 258,090 290,065 198,801 225,259 405,435 MEA 448,478 460,479 291,246 361,596 440,368 INTEREST 16,611 903 100 TOTAL REVENUES 2,515,661 2,805,652 1,935,170 2,290,710 3,504,985 EXPENSES FERC 562 - Station Operation Expenses GVEA - Substation Electricity Usage 9,675 9,382 30,675 8,000 - Per GVEA 9,675 9,382 30,675 8,000 - FERC 566 - Miscellaneous Transmission Expense Private Line Telephone Service for AKI SCADA (GVEA)11,718 5,556 4,167 18,000 10,000 Per GVEA Cell Phone Comm. Svc for Weather Monitoring (Verizon)12,022 11,904 9,020 12,000 13,000 Per AEA SLMS Support and Intertie Ground Patrol 87,863 98,540 117,339 100,000 140,000 Per AEA Misc Studies as needed (Cyber Security Study)- - - - - 111,603 116,000 130,526 130,000 163,000 FERC 567 - Transmission Expenses - Rents Rents - Alaska Railroad 700 700 700 700 700 Fixed MEA - Talkeetna Storage 7,200 7,200 5,175 7,200 7,200 Fixed PSSE key replacement - - - 7,900 7,900 5,875 7,900 7,900 FERC 569 Maintenance of Structures MEA - Maintenance of Structures - - - - - Per MEA - - - - - - - - FERC 570 - Maintenance of Station Equipment GVEA - Healy, Cantwell, Goldhill 104,224 154,917 55,625 74,340 75,000 Per GVEA GVEA - SCADA Maintenance Healy, Cantwell, Gold Hill - - - 5,000 5,000 Per GVEA GVEA - Replace Healy Substation Breaker B17 - Per GVEA GVEA - Healy, Teeland, Goldhill Dampers 59,016 - - - - Per GVEA GVEA - Healy and Goldhill Digital Fault Recorders 51,451 90,000 Per IOC GVEA - Healy SVC Fire Alarm Panel Replacement - - - - - Per GVEA GVEA - Gold Hill SVC Fire Alarm Panel Replacement - - - - - Per GVEA GVEA - Gold Hill SVC Cooling 460 65,000 Per GVEA GVEA - Cantwell Install Breakers or Load Break Switches - - 1,681 266,000 156,000 Per GVEA GVEA - Cantwell 4S2 Switch Repair - - - - - Per GVEA GVEA - Replace Battery Healy SVC - - - - - Per GVEA GVEA - Replace Battery Goldhill SVC - - - - - Per GVEA GVEA - Perform Maintenance, repaint Reactors Healy SVC Yard 60,414 145,494 - - - Per GVEA GVEA - Perform Maintenance, repaint Reactors Gold Hill SVC Yard 7,266 80,000 80,000 Per GVEA GVEA - Mobile Substation Site - - - - - Per GVEA GVEA - Cantwell RTU, Recloser, & Transformer Protection replacement - - - - - Per GVEA GVEA - Recloser Control Replacement - - - - - Per GVEA GVEA - Transformer Protection Upgrades - - - - - Per GVEA GVEA - Dissolved Gas Monitoring Gold Hill & Healy - - - - - Per GVEA GVEA - Cantwell Standby Generator Replacement 29,016 - Per GVEA GVEA - SVC Intertie Trust Fund Eligible Expenses - - - - - Per GVEA SVC ALASKA INTERTIE TRUST FUND - - - - - Per IMC CEA - AK Intertie Yard - - - - - CEA - Teeland Substation Communication 1,742 5,000 Per CEA CEA - Teeland Substation 113,849 183,401 112,216 85,000 168,200 Per CEA MEA - Douglas Substation 96 26,115 - - - Per MEA MEA - Douglas Substation 138 kV Bus Repair & BKR Inspections - 25,000 Per MEA MEA - Douglas Substation Breaker Replacement - - - - - Per MEA GVEA - Douglas Substation OOS relaying and communications - - - - - Per GVEA CEA - Telecomm Support (Douglas, Teeland, Anc-Fbks Leased Circuits)- - - - - Per CEA 337,598 538,943 230,441 665,340 514,200 FERC 571 - Maintenance of Overhead Lines GVEA - Northern Maintenance 37,171 68,204 86,845 78,000 100,000 Per GVEA GVEA - Northern ROW Clearing 89,493 36,721 68,882 73,000 300,000 Per GVEA GVEA - Landing Pads - - - Per GVEA GVEA - Re-level Structures & Adjust Guys - - - Per GVEA GVEA - Repair Tower 531 Foundation 50,000 Per GVEA GVEA - Repair Tower 532 Foundation 50,000 Per GVEA GVEA - Repair Tower 748 - - - Per GVEA GVEA - Repair Tower 692 - - - Per GVEA MEA - Special Patrols [Incl Helicopter Inspections]599 5,000 10,000 Per MEA MEA - Southern Maint (Incl Ground and Climbing Inspect)97,175 138,199 62,612 200,000 140,000 Per MEA MEA - Southern ROW Clearing 38,023 228,413 134,945 150,000 500,000 Per MEA MEA - TWR 195 Repair Monitoring - - - Per MEA MEA - Equipment Repair and Replacement 16,521 780,866 - 640,000 684,000 Per MEA 278,383 1,252,403 353,883 1,146,000 1,834,000 FERC 924 - Property Insurance AK Intertie - Insurance 36,253 38,773 21,517 35,650 25,000 Per AEA (Gen Liab/Comm Umbrella) & MEA (incl Aviation) 36,253 38,773 21,517 35,650 25,000 Intertie Operating Costs Total 781,413 1,963,401 772,917 1,992,890 2,544,100 Page 2 of 4 FERC 570 - Maintenance of Station Equipment MEA - Replace Protective Relay Schemes Douglas - - - - - Per MEA - - - - - Intertie Cost of Improvements Total - - - - - FERC 920 - AEA Administrative Costs Personal Services, Travel and Other Costs 101,058 210,409 162,363 100,000 200,000 Per AEA 101,058 210,409 162,363 100,000 200,000 FERC 920 - IMC Administrative Costs IMC Administrative Costs (Audit, meetings, legal)11,533 30,890 15,616 17,500 20,000 Per IMC Chair 11,533 30,890 15,616 17,500 20,000 FERC 566 - Miscellaneous Transmission Expense Misc Studies: System Reserves Study, PSS/E maint, AGC Study 69,023 186,675 69,952 200,000 216,000 per IOC LIDAR study (complete lidar, vegetation, PLS CADD file with drawings, structure/foundation movement, infrared, and imaging) 226,125 - - Asset management plan 50,000 per IOC Proposed Synchrophaser system 230,000 per IOC Unbalanced Snow Load mitigation analysis and recommendations 50,000 Reliability Standards Update (Hdale Inc.)- - - per IOC 69,023 412,800 69,952 200,000 546,000 Intertie Administration Costs Total 181,614 654,099 247,931 317,500 766,000 TOTAL EXPENSE 963,027 2,617,500 1,020,848 2,310,390 3,310,100 SURPLUS (SHORTAGE)1,552,634 188,152 914,322 (19,680) 194,885 Page 3 of 4 Alaska Intertie FY23 Proposed Budget True up to Contract GVEA MEA CEA TOTAL USAGE CAPACITY ADMIN CASH FLOW MONTH Value MWH MWH MWH MWH GVEA MEA CEA GVEA MEA CEA GVEA | MEA | CEA TOTALS Jul 32,301 1,918 0 34,219 $165,381 $9,820 $0 $209,820 $59,718 $150,102 $63,833 $658,675 Aug 36,741 1,968 0 38,709 $188,114 $10,076 $0 $63,833 $262,023 Sep 37,596 1,951 0 39,547 $192,492 $9,989 $0 $63,833 $266,314 Oct 40,739 2,003 0 42,742 $208,584 $10,255 $0 $63,833 $282,672 Nov 35,783 2,269 0 38,052 $183,209 $11,617 $0 $63,833 $258,660 Dec 35,761 2,455 0 38,216 $183,096 $12,570 $0 $63,833 $259,499 Jan 35,543 2,139 0 37,682 $181,980 $10,952 $0 $63,833 $256,765 Feb 30,397 2,018 0 32,415 $155,633 $10,332 $0 $63,833 $229,798 Mar 33,294 2,171 0 35,465 $170,465 $11,116 $0 $63,833 $245,414 Apr 38,537 1,906 0 40,443 $197,309 $9,759 $0 $63,833 $270,901 May 33,177 1,867 0 35,044 $169,866 $9,559 $0 $63,833 $243,259 Jun 38,652 1,811 0 40,463 $197,898 $9,272 $0 $63,833 $271,004 TOTAL 0 428,521 24,476 0 452,997 $2,194,028 $125,317 $0 $209,820 $59,718 $150,102 $766,000 $3,504,985 Total Energy:$2,319,345 Total Capacity :$419,640 452,997 MWH 415,247 MWH 204,984 MWH TOTAL MWH REVENUE $3,504,985 O&M BUDGET - Operating 2,544,100 O&M BUDGET - Administrative 766,000 UTILITY FY 23 TOTAL O&M BUDGET 3,310,100 MEA 28.40%22.20 MW SURPLUS (SHORTAGE)$194,885 CEA 71.60%55.80 MW GVEA 100.00%78.00 MW Annual Participant Administrative Contribution 255,333.33 156.0 Monthly Contribution per Participant 21,277.78 Usage Rate per KWH 0.00512$ Capacity Rate $2.69 Section 7.2.2 MINIMUM USAGE CONTRACT VALUE ALASKA INTERTIE FISCAL YEAR 2023 ENERGY PROJECTION TOTAL INTERTIE PROJECTED ENERGY USAGE Usage estimate reduced by 1/12 of Total for rate calculations Page 4 of 4 Alaska Intertie FY23 Proposed Budget Annual System Demand 18 19 19 20 20-21 21-22 3 YR AVG. SOUTHERN UTILITY PARTICIPANTS (MW) CEA 375.4 364.5 366.0 349.8 360.1 MW PROPOSED APPROVED APPROVED APPROVED APPROVED APPROVED MEA 137.0 137.0 145.0 146.0 142.7 MW 6/30/2023 6/30/2022 6/30/2021 6/30/2020 6/30/2019 6/30/2018 UNITS FY23 FY22 FY21 FY20 FY19 FY18 USAGE KWH 415,247,000 187,902,000 187,902,000 187,902,000 297,441,000 422,262,000 OPERATING BUDGET $2,544,100 1,992,890 2,007,385 2,168,391 2,024,298 1,529,178 MITCR KW 156,000 156,100 156,000 156,000 156,000 156,000 TOTAL 502.8 MW ENERGY (A)$.000/KWH $0.00512 $0.00886 $0.00892 $0.00964 $0.00568 $0.00302 NORTHERN UTILITY PARTICIPANTS (MW) CAPACITY (B)$/KW $2.69 $2.11 $2.12 $2.29 $2.14 $1.62 GVEA 200 191 204 204.7 199.9 MW TOTAL 199.9 MW MITCR DETERMINATION FY 23 KWH CAP RATE CAP CHARGES MEA 28.40%22.20 MW 22,200 $2.69 59,718.00 CEA 71.60%55.80 MW 55,800 $2.69 150,102.00 GVEA 100.00%78.00 MW 78,000 $2.69 209,820.00 156.00 MW 156,000 419,640.00 (A) See Section 7.2.5 AK Intertie Agreement (B) See Section 7.2.6 AK Intertie Agreement MINIMUM INTERTIE TRANSFER CAPABILITY RIGHTS (MITCR) DETERMINATION FOR FISCAL YEAR 2023 ALASKA ENERGY AUTHORITY AK INTERTIE BUDGET TO ACTUAL EXPENSES FOR THE PERIOD 07/01/2021 THROUGH 05/31/2022 REVENUE FY22 Approved Budget BUDGET % 07/01/2021 - 05/31/2022 Actuals YTD Actuals as a % of Total Annual Budget OVER (UNDER) YTD Variance Revenue From Utilities AKI-GVEA 1,703,854 1,561,866 1,924,719 113.0%362,853 AKI-CEA 225,259 206,488 216,440 96.1%9,952 AKI-MEA 361,596 331,463 345,760 95.6%14,297 Total Revenue From Utilities 2,290,710 2,099,817 2,486,919 108.6%387,102 Interest/Capital Credits 730 730 Total Revenue 2,290,710 2,099,817 2,487,649 108.6%387,832 EXPENSES-OPERATING 56200 Station Expenses Golden Valley Electric AK Intertie-Substation Electricity Usage 8,000 7,333 36,752 459.4%29,419 Golden Valley Electric Total 8,000 7,333 36,752 459.4%29,419 56600 Misc Transmission Expense Alaska Energy Authority AK Intertie-Cell Phone Comm. Svc. for Wx Monitorin 12,000 11,000 11,024 91.9%24 AK Intertie-Misc Studies as needed - - - 0.0%- Alaska Energy Authority Total 12,000 11,000 11,024 91.9%24 Chugach Electric Association Chugach Electric Association Total - - - 0.0%- Golden Valley Electric AK Intertie-Private Line Telephone Service SCADA 18,000 16,500 4,630 25.7%(11,870) Golden Valley Electric Total 18,000 16,500 4,630 25.7%(11,870) CEA|MEA|GVEA Studies AK Intertie-Misc Studies as needed 200,000 183,333 69,952 35.0%(113,381) CEA|MEA|GVEA Studies Total 200,000 183,333 69,952 35.0%(113,381) 56601 Weather Monitoring Batteries Alaska Energy Authority AK Intertie-SLMS Support and Intertie Grnd Patrol 100,000 91,667 150,692 150.7%59,025 Alaska Energy Authority Total 100,000 91,667 150,692 150.7%59,025 56700 Rents Alaska Energy Authority AK Intertie-Alaska Railroad 700 642 700 100.0%58 Alaska Energy Authority Total 700 642 700 100.0%58 Matanuska Electric Association AK Intertie-Talkeetna Storage 7,200 6,600 6,000 83.3%(600) AK Intertie-Equipment Rental - - 375 0.0%375 Matanuska Electric Association Total 7,200 6,600 6,375 88.5%(225) 56900 Maintenance of Structures Alaska Energy Authority Alaska Energy Authority Total - - - 0.0%- 57000 Maintenance of Station Equip Chugach Electric Association AK Intertie-Teeland Substation 85,000 77,917 112,749 132.6%34,832 AK Intertie-Douglas Substation Communications - - 1,742 0.0%1,742 Chugach Electric Association Total 85,000 77,917 114,491 134.7%36,574 Golden Valley Electric AK Intertie-Healy, Cantwell, Goldhill 74,340 68,145 59,733 80.4%(8,412) AK Intertie-SCADA Maint Healy, Cantwell, Goldhill 5,000 4,583 - 0.0%(4,583) Page 1 of 4 ALASKA ENERGY AUTHORITY AK INTERTIE BUDGET TO ACTUAL EXPENSES FOR THE PERIOD 07/01/2021 THROUGH 05/31/2022 REVENUE FY22 Approved Budget BUDGET % 07/01/2021 - 05/31/2022 Actuals YTD Actuals as a % of Total Annual Budget OVER (UNDER) YTD Variance AK Intertie-Cantwell 4S2 Switch Repair 266,000 243,833 1,681 0.6%(242,152) AK Intertie-Maint & Repaint Reactors Healy SVC Yd 80,000 73,333 7,266 9.1%(66,067) AK Intertie-Healy&Goldhill Digital Fault Recorders 90,000 82,500 51,451 57.2%(31,049) AK Intertie-Goldhill SVC Cooling 65,000 59,583 460 0.7%(59,123) Golden Valley Electric Total 580,340 531,977 120,591 20.8%(411,386) Matanuska Electric Association Matanuska Electric Association Total - - - 0.0%- 57100 Maint of OH Lines Golden Valley Electric AK Intertie-Northern Maintenance 78,000 71,500 97,809 125.4%26,309 Golden Valley Electric Total 78,000 71,500 97,809 125.4%26,309 Matanuska Electric Association AK Intertie-Special Patrols (Incl Foundation Insp) 5,000 4,583 599 12.0%(3,984) AK Intertie-Southern Maint. (Incl Ground Insp) 200,000 183,333 77,740 38.9%(105,593) AK Intertie-Equipment Repair and Replacement 640,000 586,667 - 0.0%(586,667) Matanuska Electric Association Total 845,000 774,583 78,340 9.3%(696,243) 57102 Maint OH Lines-ROW Clearing Golden Valley Electric AK Intertie-Northern ROW Clearing 73,000 66,917 68,882 94.4%1,965 Golden Valley Electric Total 73,000 66,917 68,882 94.4%1,965 Matanuska Electric Association AK Intertie-Southern ROW Clearing 150,000 137,500 168,367 112.2%30,867 Matanuska Electric Association Total 150,000 137,500 168,367 112.2%30,867 58XXX Misc Admin Alaska Energy Authority AK Intertie-IMC Admin Cost (Audit, meeting, legal) 17,500 16,042 17,150 98.0%1,108 Alaska Energy Authority Total 17,500 16,042 17,150 98.0%1,108 58401 Insurance Premiums Alaska Energy Authority AK Intertie-Insurance 21,517 19,724 21,488 99.9%1,764 Alaska Energy Authority Total 21,517 19,724 21,488 99.9%1,764 Matanuska Electric Association AK Intertie-Insurance 14,133 12,955 - 0.0%(12,955) Matanuska Electric Association Total 14,133 12,955 - 0.0%(12,955) Total Station Expenses 2,210,390 2,026,190 967,243 43.8%(1,058,947) Total Operating Expenses 2,210,390 2,026,190 967,243 43.8%(1,058,947) Page 2 of 4 ALASKA ENERGY AUTHORITY AK INTERTIE BUDGET TO ACTUAL EXPENSES FOR THE PERIOD 07/01/2021 THROUGH 05/31/2022 REVENUE FY22 Approved Budget BUDGET % 07/01/2021 - 05/31/2022 Actuals YTD Actuals as a % of Total Annual Budget OVER (UNDER) YTD Variance EXPENSES-AEA ADMINISTRATION 71001 Total Expense, Budget Alaska Energy Authority Total 220,000 201,667 - 0.0%(91,667) 72510 Admin Per Diem-In State Alaska Energy Authority Total - - 399 0.0%399 72512 Admin Per Diem-Out of State Alaska Energy Authority Total - - 168 0.0%168 73115 Other Professional Services Alaska Energy Authority Total - - - 0.0%- 73141 Legal Services-SOA Alaska Energy Authority Total - - - 0.0%- 73150 AIDEA Staff-Prof Services Alaska Energy Authority Total - - 120,731 0.0%120,731 73160 Temporary Staffing Services Alaska Energy Authority Total - - 18,631 0.0%18,631 73905 Recording Fees Alaska Energy Authority Total - - - 0.0%- Total Total Expense, Budget 220,000 201,667 139,929 63.6%48,262 Total AEA Administration Expenses 220,000 201,667 139,929 63.6%48,262 Total Expenses 2,430,390 2,227,857 1,107,172 45.6%(1,010,685) SURPLUS (SHORTAGE)(139,680) (128,040) 1,380,477 -988.3%1,398,517 Page 3 of 4 Alaska Intertie FY22 Budget to Actuals Status Report for the Period July 1, 2021 through May 31, 2022 Budgeted Usage Actual Usage to Date GVEA MEA CEA ML&P TOTAL GVEA MEA CEA ML&P TOTAL MONTH MWH MWH MWH MWH MWH MONTH MWH MWH MWH MWH MWH Jul 11,050 1,795 - - 12,845 Jul 4,815 1,863 - - 6,678 Aug 8,973 2,008 - - 10,981 - Aug 12,415 1,905 - - 14,320 Sep 13,749 1,952 - - 15,701 Sep 3,283 1,870 - - 5,153 Oct 28,741 1,821 - - 30,562 Oct 13,008 1,959 - - 14,967 Nov 10,171 1,786 - - 11,957 Nov 8,519 2,300 - - 10,819 Dec 8,962 2,048 - - 11,010 Dec 6,423 2,343 - - 8,766 Jan 12,043 2,395 - - 14,438 Jan 20,852 2,350 - - 23,202 Feb 8,513 2,070 - - 10,583 Feb 36,168 1,996 - - 38,164 Mar 5,617 2,168 - - 7,785 Mar 30,015 2,207 - - 32,222 Apr 12,448 1,798 - - 14,246 Apr 24,644 2,019 - - 26,663 May 9,247 1,966 - - 11,213 May 27,507 2,143 - - 29,650 Jun 32,274 1,940 - - 34,214 Jun - - - - - TOTAL 161,788 23,747 - - 185,535 TOTAL 187,649 22,955 - - 210,604 INTERTIE PROJECTED ENERGY USAGE TO DATE (MWH) 151,321 INTERTIE ACTUAL ENERGY USAGE TO DATE (MWH) 210,604 Budgeted Operating Costs for the period 2,026,190$ Actual Operating Costs for the period 967,243$ (based on amended budget) Budgeted Usage Revenue for the period 1,349,783$ Actual (Billed) Usage Revenue for the period 1,878,588$ (budgeted rate x projected usage) (budgeted rate x actual usage) Estimated Budgeted Energy Rate per MWH 11.18$ (based on to date budgeted costs and usage) Annual Budgeted Energy Rate (Billed Rate) 8.92$ Projected Actual Energy Rate per MWH 3.83$ (based on minimum contract value) (based on to date actual costs and usage) Page 4 of 4