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2025-05-02 BPMC Agenda and docs
BRADLEY LAKE PROJECT MANAGEMENT COMMITTEE MEETING AGENDA May 2, 2025 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 – March 21, 2025 7. NEW BUSINESS A. Dixon Diversion Financing 8. OLD BUSINESS A. Grip 3, Phase 1 Update Jim Mendenhall B. Railbelt Regional Coordination Update Brian Hickey 9. OPERATORS REPORT Martin Law 10. COMMITTEE REPORTS A. Budget vs. Actuals Mark Ziesmer B. O&D Report Josh Crowell 11. EXECUTIVE SESSION – (Bylaws Section 5.11.4(d)) – To discuss confidential financial matters the immediate knowledge of which may have an adverse effect on the Authority or Project. 12. MEMBERS COMMENTS 13. NEXT MEETING DATE – June 20, 2025 14. ADJOURNMENT Dixon Diversion Cost Projection$1.70M$1.70M$1.45M$1.70M$1.70M$1.60M$2.41M$2.66M$3.03M$4.98M$16.91M$25.41M$22.28M$19.64M$5.16M$33.52M$27.17M$25.30M$24.16M$29.29M$27.17M$32.91M$2.66M$6.51M$3.47M----$50M$100M$150M$200M$250M$300M$350M$400M-$5M$10M$15M$20M$25M$30M$35M$40MQ3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q22025 2026 2027 2028 2029 2030 2031 2032FY26 FY27 FY28 FY29 FY30 FY31 FY32Estimated Cumulative CostEstimated Quarterly CostQuarterlyCostCumulativeCost 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: BPMC THROUGH: Curtis Thayer, Executive Director FROM: Jim Mendenhall, P.E., Program Manager DATE: April 21, 2025 SUBJECT: Railbelt Innovation and Resiliency Project, Phase 1 GRIP Topic 3, Round 1 – Update On March 19, 2025, the official project kick-off was held with the U.S. Department of Energy (DOE). AEA is preparing a Go/No-Go decision document as we near the end of Budget Period 1 (10/18/2023 – 06/30/2025) and begin negotiations for Budget Period 2 (07/01/2025 – 06/30/2027). AEA anticipates expenditures of $80 – 90 million through the end of Budget Period 2. The State has secured $62.7 million in matching funds, establishing a total of $125.4 million in available project funding. Technical Design and Cost Optimization: 1. HVDC System Configuration a. The project team and Technical Working Group agreed on a base case design of a 200 MW HVDC system using a bipolar configuration for redundancy and reliability. b. A cost-saving alternative under consideration involves installing all three cables initially, but constructing only half of the converter station equipment at each end. This asymmetrical monopole design would provide an initial transfer capacity of 100 MW, with the option to complete the second converter pole in the future to achieve the full 200 MW capacity. 2. Environmental Review and Southern Intertie Analysis a. An environmental review of the previously studied “Southern Intertie” route is underway. b. EPS has submitted a proposal to evaluate the upgrades needed to support transmission “across” anchorage via this route, including cost estimates. 3. Transmission Link – Soldotna to Bernice Lake a. Stantec initiated a high-level engineering assessment of the Soldotna-Bernice Lake transmission link. Consideration was given to placing the southern converter station adjacent to the Soldotna Power Plant. b. Due to budget constraints, upgrades to this segment may be excluded from the GRIP-funded scope and the southern converter station will be located near the Bernice Lake substation. Alaska Energy Authority Page 2 of 2 c. HEA has provided valuable data on the existing infrastructure. Future improvements could involve upgrading to 230 kV using a compact design to remain within the existing right-of-way. 4. Subsea Cable and Converter Station Design a. Preliminary designs for the subsea cable and both converter stations have been drafted by Stantec. 5. Supplier Engagement and RFI a. Stantec has issued RFIs to OEMs for subsea cable and converter stations. Responses have been received by several suppliers, though some requested additional time. b. Additional RFIs are being sent to cable installers to expand vendor participation and ensure competitive pricing. Once installation pricing is finalized, Stantec will share the draft engineering and cost report with AEA for internal review, followed by distribution to the Technical Working Group. Federal Reporting and Spending Overview: AEA is preparing to submit its fourth invoice to DOE, along with the corresponding quarterly narrative report. Cumulatively, the project has incurred $750,916 in total costs. Spending to date is concentrated in three primary categories: Personnel & Fringes 332,508$ Contracts 236,506$ Indirect Charges 181,903$ Total (10/24/2023-04/23/2025)750,916$ Despite recent staff reductions and the retirement of one senior DOE team member, project continuity with our federal partners remains stable. AEA’s primary DOE contacts remain in place and continue to be actively engaged in project oversight. AEA is continuing to evaluate a range of options to secure the remaining state match, including AEA revenue bonds, a State of Alaska general obligation bond, state capital appropriations, public-private partnerships, low-interest loans through DOE programs, and other potential funding mechanisms. 1 Bradley Lake Project Management Committee Report on Railbelt Regional Coordination April 29th, 2025 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. Consistent with Section 32 of the Power sales agreement, which commits the participants to seek a high-capacity intertie between the Kenai and Fairbanks, 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 October and November. Contractors: • None Grant Efforts : State Match efforts The legislature continues to hold hearing and take testimony on energy issues. Looking Forward: • For the time being Funding delays have been resolved for Railbelt grants • Continued efforts to coordinate back-up material for State match efforts 2 Other Activities: • As noted previously, on April 3rd, I 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. • Engaging in activities to promote stakeholder support for the larger Railbelt package 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 May 2, 2025 Unit Statistics: Generation Unit 1 (MWhrs) Unit 2 (MWhrs) Total (MWhrs) Feb. 2025 Mar. 2025 Apr. *2025 12,784 18,926 15,106 1,445 15,138 14,618 14,229 34,064 29,724 Hydraulics Avg. Lake Level (ft.) Bradley Fishwater (ac ft.) Battle Creek MIF (ac ft.) Feb. 2025 Mar. 2025 Apr.*2025 1,145 1,138 1,128 2282 2,332 1,255 0.0 0.0 0.0 Battle Creek Inflows to Bradley (ac ft.) Feb. 2024 Mar. 2024 Apr.*2025 0.0 0.0 0.0 0.0 *Lake Level – 1,124.2’ As of Apr. 28, 2025 Activities • Forced Outages – None to report. • Dam/Spillway – Completed the monthly safety inspections, and power tunnel gate testing. • Battle Creek Diversion – Secured. The diversion is still frozen in. An early start up before May 17, 2025, is unlikely. • Crew’s Quarters Kitchen Remodel- Completed the remodel. The appliances that were on back order have arrived. The contractor will install them on April 30,2025. • Safety – There have been no lost time or reportable accidents for the months of April 2025. Next safety meeting is May 14, 2025. CPR/First Aid training will be held on May 13 and Wildlife Safety and Bear Shot Gun Defense Training will be on May 14,2025. • Spring Outage - April 2-20, 2025. Completed unit #1 & #2 inspection and cleaning. The collector rings on unit #1 needed to be stoned to clean up some minor grooves. Unit #1 was returned to service on April 13, 2025 @ 3:15pm. On unit #2 some minor repairs were made on the oil piping flange gaskets. The replacement breaker for unit #2 was inspected and tested. During testing a relay was found to have high resistance preventing the unit from syncing. The supplier has agreed to cover the replacement cost and has shipping the replacement. EPS will install the relay and retest the breaker. A short outage will be needed to replace the breaker. Unit #2 was returned to service on April 19, 2025 @ 11:30am. • Fire System- Completed the design of the Halon system replacement. The engineer completed his site visit and is ordering materials. Estimated completion of the project is June 4, 2025. The RFB for the replacement of the fire alarm system has been developed and will go out to bidders shortly. Bradley Lake Operators Report Page 2 • Barge Dock Rehabilitation- Permitting requirements prevents the discharge of any materials generated by sand blasting the dock pilings from entering the tidal zone. This will increase the cost of the project. We are developing the RFB to determine how much of an impact it will have. Early estimates are well above 600K initially allocated for this work. Contractors/ Visitors • HEA - Larry Jorgensen attended the safety meeting. • HEA- Andy Patrick LOTO Training. • AEA- Bryan Carey Dam Inspection/ Survey. • DOWL- Willy Stoll Dam Inspection/ Survey. • EPC- Kelling Gillming, relay testing, Unit #2 breaker testing, and IR scans. • Yukon Fire – Joe Dicarlo for Halon system replacement. • Star Technical Risk – David Ingham project inspection. Bradley Lake, Level 1,124.2’, April 28, 2025 Bradley Lake Operators Report Page 3 Battle Creek Diversion Road April 28, 2025 Crew’s Quarters Kitchen Remodel Bradley Lake Operators Report Page 4 Unit #1 Brush Rigging Unit #1 Brake Room Showing Shoes and Rotor Bradley Lake Operators Report Page 5 Turbine Spherical Valve Closed Needle Valve Positioning Arms Tail Race with Units Down Tail Race with Both Units On Bradley Lake Operators Report Page 6 Relay Testing and Calibration Unit #2 New Breaker Barge Dock Sheet Pilings Bradley Lake Operators Report Page 7 Two New Informational Signs at the Barge Dock Kiosk Lower Campgrounds Have Been Cleaned up and Firewood Stacked Bradley Lake Operators Report Page 8 Power Tunnel Access for Gate Testing Alaska Energy Authority Bradley Lake Budget to Actual Expenses 07/01/2024 to 03/31/2025 Page 1 of 13 FY23 FY23 FY24 FY24 FY25 FY25 BUDGET ACTUALS BUDGET ACTUALS BUDGET ACTUALS Upgrade Crews Quarters and Residents Kitchen 159,000 67,395 - - - - IRIS Air Gap Monitoring System (computer) 65,000 18,491 - - - - Replace Dump Truck and Sander - 29,493 - - - - Heavy Duty trailer for equipment 20,000 20,000 - - - - ABB Replace GIS Actuators 309,000 310,245 - - - - Replacement pickup truck - 46,299 - - - - Needle Valve rebuild 150,000 - - - - - Start new servo design 250,000 396,171 - - - - North Fork Improvements 5,000 - - - - - Mini Excavator 100,000 94,465 - - - - Install New Bradley Microwave System 500,000 280,356 518,000 45,215 - - Brush Hog for Front End Loader - - 150,000 - - 110,878 JLG All Terrain Fork Lift- New Purchase - - 190,000 213,942 - - Replace BL#5 2009 F150 Crew Cab Pickup - - 45,000 - - 48,995 Warehouse Heaters x2 (Replace) - - 5,000 - - - ISO Shipping Containers x2 (Replace) - - 40,000 30,700 - - Replace 2012 Polaris Side by Side - - - - 65,000 62,645 Crew Quarters Remodel - - - - 85,000 40,937 New Circuit Breaker - Generator #2 Repair - - - - - 60,988 Contex HD Ultra X 3690 Color Scanner - - - - - 12,620 Total Non R&C Capital Purchases 1,558,000 1,262,914 948,000 289,857 150,000 337,063 BRADLEY LAKE CAPITAL PURCHASES NOT FUNDED BY R&C FUND ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT Schedule A Expenses for the period 07/01/24 to 03/31/25 Page 2 of 13 ALASKA ENERGY AUTHORITY BRADLEY LAKE OPERATIONS & MAINTENANCE SCHEDULE B BUDGET TO ACTUAL EXPENSES FOR THE PERIOD 07/01/2024 THROUGH 03/31/2025 FY 25 FY 24 FY25 Approved Budget BUDGET % 07/01/2024 - 03/31/2025 HEA Actual CEA Actual AEA Actual Total Actual (Over) Under Budget to Date FY24 Approved Budget FY24 Actual Summary by expense type Staff Professional Services (Direct) 312,585 234,439 - - 235,694 235,694 (1,255) 387,700 325,581 Labor & Benefits 2,054,317 1,540,738 823,634 5,673 171,331 1,000,638 540,099 2,023,067 1,763,168 Travel 51,500 38,625 1,172 1,433 46,849 49,453 (10,828) 78,500 23,515 Training 55,000 41,250 3,990 - 3,221 7,211 34,039 50,000 10,238 Contractual 1,243,010 932,258 549,757 - 306,361 856,118 76,140 1,181,381 917,237 Consulting-Administrative 315,000 236,250 - - 44,587 44,587 191,663 265,000 236,601 Supplies & Materials 378,500 283,875 163,436 6,235 310 169,981 113,894 330,332 166,554 Other Costs 112,718 84,539 47,054 21,854 6,212 75,121 9,418 79,318 62,747 Equipment, Furniture & Machinery 35,000 26,250 11,851 - - 11,851 14,399 165,000 159,553 Administrative Costs 1,978,224 1,483,668 88,622 - 1,263,081 1,351,703 131,965 1,553,800 1,807,663 Indirect Costs 1,480,105 1,110,079 933,780 - - 933,780 176,299 1,480,105 1,315,396 O&M 4% Allocation to Battle Creek (320,638) (240,479) - - - - (240,479) (303,768) - Total Bradley Lake Budget 7,695,321 5,771,490 2,623,295 35,196 2,077,646 4,736,137 1,035,354 7,290,435 6,788,254 FERC 535 - Operation Supervision & Engineering Operations Sup/Eng Bradley Lake Operating Labor & Benefits 105,451 79,088 74,691 - - 74,691 4,397 105,451 106,921 Travel 5,000 3,750 423 - - 423 3,327 5,000 1,972 Training 5,000 3,750 - - - - 3,750 5,000 581 Contractual 3,000 2,250 - - - - 2,250 3,000 - Supplies & Materials 4,000 3,000 - - - - 3,000 4,000 233 Indirect Costs 155,698 116,774 104,955 - - 104,955 11,818 155,698 149,004 Bradley Lake Operating Total 278,149 208,612 180,069 - - 180,069 28,543 278,149 258,711 FERC 535 - Operation Supervision & Engineering Total 278,149 208,612 180,069 - - 180,069 28,543 278,149 258,711 FERC 537 - Hydraulic Expenses Hydraulic Expenses Bradley Lake Operating Labor & Benefits 95,262 71,447 55,452 - - 55,452 15,995 95,262 72,310 Contractual - - - - - - - 60,000 - Supplies & Materials 4,000 3,000 978 - - 978 2,022 2,000 2,461 Indirect Costs 109,250 81,938 77,205 - - 77,205 4,732 109,250 100,356 Bradley Lake Operating Total 208,512 156,384 133,635 - - 133,635 22,749 266,512 175,127 FERC 537 - Hydraulic Expenses Total 208,512 156,384 133,635 - - 133,635 22,749 266,512 175,127 FERC 538 - Electric Expenses Electric Expenses Bradley Lake Operating Labor & Benefits 218,044 163,533 165,440 - - 165,440 (1,907) 218,044 211,756 Travel 7,000 5,250 219 - - 219 5,031 7,000 209 Training 30,000 22,500 3,990 - - 3,990 18,510 30,000 9,514 Contractual 10,000 7,500 5,255 - - 5,255 2,245 5,000 2,506 Supplies & Materials 18,500 13,875 753 - - 753 13,122 13,732 11,183 Indirect Costs 262,004 196,503 194,295 - - 194,295 2,208 262,004 246,564 Bradley Lake Operating Total 545,548 409,161 369,952 - - 369,952 39,209 535,780 481,731 FERC 538 - Electric Expenses Total 545,548 409,161 369,952 - - 369,952 39,209 535,780 481,731 FERC 539 - Misc. Hydraulic Power Generation Expenses Misc Hydro Power Exp Bradley Lake Operating Labor & Benefits 107,742 80,807 57,158 - - 57,158 23,648 105,742 82,466 Training 20,000 15,000 - - - - 15,000 15,000 - Contractual 385,067 288,800 335,989 - - 335,989 (47,188) 360,067 398,523 Supplies & Materials 25,000 18,750 29,938 - - 29,938 (11,188) 25,000 34,014 Equipment, Furniture & Machinery - - 2,563 - - 2,563 (2,563) - - Indirect Costs 114,320 85,740 81,096 - - 81,096 4,644 114,320 114,239 Bradley Lake Operating Total 652,129 489,097 506,744 - - 506,744 (17,647) 620,129 629,241 BRADLEY CIRCUITS/RADIO TO BERNICE LK Other Costs 35,695 26,771 25,701 - - 25,701 1,070 35,695 34,268 BRADLEY CIRCUITS/RADIO TO BERNICE LK Total 35,695 26,771 25,701 - - 25,701 1,070 35,695 34,268 BRADLEY CIRCUITS BERNICE LK TO ANCH Other Costs 29,773 22,330 - 21,739 - 21,739 591 29,773 28,239 BRADLEY CIRCUITS BERNICE LK TO ANCH Total 29,773 22,330 - 21,739 - 21,739 591 29,773 28,239 LOWER BRADLEY CIRCUITS/RADIO TO BARGE DOCK Other Costs 45,000 33,750 21,353 - - 21,353 12,397 - - LOWER BRADLEY CIRCUITS/RADIO TO BARGE DOCK Total 45,000 33,750 21,353 - - 21,353 12,397 - - FERC 539 - Misc. Hydraulic Power Generation Expenses Total 762,597 571,948 553,798 21,739 - 575,537 (3,589) 685,597 691,748 FERC 541 - Maintenance Supervision & Engineering Maint Supervision/Eng Bradley Lake Operating Labor & Benefits 110,451 82,838 74,537 - - 74,537 8,301 110,451 112,706 Indirect Costs 155,698 116,774 104,955 - - 104,955 11,818 155,698 149,940 Bradley Lake Operating Total 266,149 199,612 179,492 - - 179,492 20,120 266,149 262,645 FERC 541 - Maintenance Supervision & Engineering Total 266,149 199,612 179,492 - - 179,492 20,120 266,149 262,645 FERC 542 - Maintenance of Structures Maintenance of Structures Default Default Total - - - - - - - - - Bradley Lake Operating Labor & Benefits 89,710 67,283 48,490 - - 48,490 18,792 89,710 70,851 Contractual 126,000 94,500 64,725 - - 64,725 29,775 56,000 43,732 Supplies & Materials 70,000 52,500 44,040 - - 44,040 8,460 78,000 20,423 Equipment, Furniture & Machinery 20,000 15,000 9,287 - - 9,287 5,713 15,000 19,772 Indirect Costs 102,350 76,763 68,081 - - 68,081 8,681 102,350 95,457 Bradley Lake Operating Total 408,060 306,045 234,624 - - 234,624 71,421 341,060 250,235 FERC 542 - Maintenance of Structures Total 408,060 306,045 234,624 - - 234,624 71,421 341,060 250,235 FERC 543 - Maintenance of Reservoirs, Dams & Waterways Maint Res, Dams, WWays Bradley Lake Operating Page 3 of 13 ALASKA ENERGY AUTHORITY BRADLEY LAKE OPERATIONS & MAINTENANCE SCHEDULE B BUDGET TO ACTUAL EXPENSES FOR THE PERIOD 07/01/2024 THROUGH 03/31/2025 FY 25 FY 24 FY25 Approved Budget BUDGET % 07/01/2024 - 03/31/2025 HEA Actual CEA Actual AEA Actual Total Actual (Over) Under Budget to Date FY24 Approved Budget FY24 Actual Labor & Benefits 51,783 38,837 9,477 - - 9,477 29,361 51,783 6,012 Contractual 39,500 29,625 - - - - 29,625 6,500 - Supplies & Materials 85,000 63,750 - - - - 63,750 20,000 - Equipment, Furniture & Machinery 15,000 11,250 - - - - 11,250 - - Administrative Costs - - 587 - - 587 (587) - - Indirect Costs 58,650 43,988 10,964 - - 10,964 33,023 58,650 8,664 Bradley Lake Operating Total 249,933 187,450 21,029 - - 21,029 166,421 136,933 14,675 BRADLEY POWER TUNNEL MAINT (Dam) Contractual 15,000 11,250 - - - - 11,250 15,000 - BRADLEY POWER TUNNEL MAINT (Dam) Total 15,000 11,250 - - - - 11,250 15,000 - FERC 543 - Maintenance of Reservoirs, Dams & Waterways Total 264,933 198,700 21,029 - - 21,029 177,671 151,933 14,675 FERC 544 - Maintenance of Electric Plant Maintenance of Elec Plant Bradley Lake Operating Labor & Benefits 309,110 231,833 182,711 - - 182,711 49,122 309,110 259,650 Travel 4,500 3,375 530 - - 530 2,845 4,500 354 Contractual 75,000 56,250 47,107 - - 47,107 9,143 40,000 51,632 Supplies & Materials 40,000 30,000 20,205 - - 20,205 9,795 40,000 36,163 Administrative Costs - - 28,786 - - 28,786 (28,786) - - Indirect Costs 423,178 317,384 231,610 - - 231,610 85,774 423,178 360,486 Bradley Lake Operating Total 851,788 638,841 510,949 - - 510,949 127,892 816,788 708,284 FERC 544 - Maintenance of Electric Plant Total 851,788 638,841 510,949 - - 510,949 127,892 816,788 708,284 FERC 545 - Maintenance of Misc. Hydraulic Plant Maint of Misc Hydr Plant Bradley Lake Operating Labor & Benefits 69,297 51,973 48,171 - - 48,171 3,802 69,297 65,189 Contractual 45,000 33,750 29,905 - - 29,905 3,845 45,000 74,760 Supplies & Materials 68,000 51,000 38,971 - - 38,971 12,029 68,000 53,871 Equipment, Furniture & Machinery - - - - - - - 150,000 139,780 Administrative Costs - - 7,343 - - 7,343 (7,343) - - Indirect Costs 98,957 74,218 60,618 - - 60,618 13,600 98,957 90,687 Bradley Lake Operating Total 281,254 210,941 185,008 - - 185,008 25,932 431,254 424,287 FERC 545 - Maintenance of Misc. Hydraulic Plant Total 281,254 210,941 185,008 - - 185,008 25,932 431,254 424,287 FERC 556 - System Control & Load Dispatching System Cntl & Load Disp Bradley Lake Operating Labor & Benefits 20,174 15,131 21,866 - - 21,866 (6,735) 20,174 11,901 Contractual 103,500 77,625 47,238 - - 47,238 30,387 85,500 44,724 Supplies & Materials 12,000 9,000 85 - - 85 8,915 12,000 438 Bradley Lake Operating Total 135,674 101,756 69,189 - - 69,189 32,567 117,674 57,063 Snow Measurement Bradley Lake Operating Contractual 10,000 7,500 - - 9,600 9,600 (2,100) 10,000 9,600 Bradley Lake Operating Total 10,000 7,500 - - 9,600 9,600 (2,100) 10,000 9,600 Seismic Service Bradley Lake Operating Contractual 64,868 48,651 - - 39,787 39,787 8,864 62,000 60,755 Bradley Lake Operating Total 64,868 48,651 - - 39,787 39,787 8,864 62,000 60,755 Streamguaging Serv Bradley Lake Operating Contractual 216,275 162,206 - - 256,974 256,974 (94,768) 278,014 151,920 Bradley Lake Operating Total 216,275 162,206 - - 256,974 256,974 (94,768) 278,014 151,920 Permits Bradley Lake Operating Other Costs 350 263 - - 240 240 23 350 240 Bradley Lake Operating Total 350 263 - - 240 240 23 350 240 FERC 556 - System Control & Load Dispatching Total 427,167 320,375 69,189 - 306,601 375,789 (55,414) 468,038 279,578 FERC 562 - Station Expenses Station Expenses Bradley Lake Operating Labor & Benefits 96,612 72,459 74,183 5,673 - 79,856 (7,397) 102,043 162,103 Travel 2,500 1,875 - 1,433 - 1,433 442 3,500 336 Contractual 79,800 59,850 19,538 - - 19,538 40,312 80,300 79,087 Supplies & Materials 23,000 17,250 16,500 6,235 - 22,736 (5,486) 19,600 5,501 Other Costs 1,900 1,425 - 115 - 115 1,310 1,500 - Bradley Lake Operating Total 203,812 152,859 110,221 13,457 - 123,678 29,181 206,943 247,026 FERC 562 - Station Expenses Total 203,812 152,859 110,221 13,457 - 123,678 29,181 206,943 247,026 FERC 571 - Maintenance of Overhead Lines Maint of OH Lines Bradley Lake Operating Labor & Benefits 36,500 27,375 11,459 - - 11,459 15,916 16,000 52,998 Contractual 70,000 52,500 - - - - 52,500 75,000 - Supplies & Materials 20,000 15,000 11,965 - - 11,965 3,035 30,000 - Bradley Lake Operating Total 126,500 94,875 23,424 - - 23,424 71,451 121,000 52,998 FERC 571 - Maintenance of Overhead Lines Total 126,500 94,875 23,424 - - 23,424 71,451 121,000 52,998 FERC 920 & 930 - Administrative Expense AEA Bradley Fixed Admin Fees Bradley Lake Operating Staff Professional Services (Direct) 312,585 234,439 - - 235,694 235,694 (1,255) 387,700 325,581 Travel - - - - 44,781 44,781 (44,781) - 20,643 Training - - - - 3,221 3,221 (3,221) - 144 Consulting-Administrative - - - - 307 307 (307) - 17,374 Supplies & Materials - - - - 310 310 (310) - 2,268 Other Costs - - - - 5,972 5,972 (5,972) - - Administrative Costs 172,500 129,375 - - 266,547 266,547 (137,172) 2,500 186,707 Bradley Lake Operating Total 485,085 363,814 - - 556,832 556,832 (193,018) 390,200 552,716 General & Administrative Costs Page 4 of 13 ALASKA ENERGY AUTHORITY BRADLEY LAKE OPERATIONS & MAINTENANCE SCHEDULE B BUDGET TO ACTUAL EXPENSES FOR THE PERIOD 07/01/2024 THROUGH 03/31/2025 FY 25 FY 24 FY25 Approved Budget BUDGET % 07/01/2024 - 03/31/2025 HEA Actual CEA Actual AEA Actual Total Actual (Over) Under Budget to Date FY24 Approved Budget FY24 Actual General & Administrative Costs Total - - - - - - - - - Operating Committee Exp-Audit Bradley Lake Operating Administrative Costs 41,000 30,750 - - 38,534 38,534 (7,784) 22,000 35,030 Bradley Lake Operating Total 41,000 30,750 - - 38,534 38,534 (7,784) 22,000 35,030 Operating Committee Exp-Legal Bradley Lake Operating Administrative Costs 80,000 60,000 - - 91,523 91,523 (31,523) 80,000 149,198 Bradley Lake Operating Total 80,000 60,000 - - 91,523 91,523 (31,523) 80,000 149,198 Trust & Account Fees Bradley Lake Operating Administrative Costs - - - - - - - 13,000 - Bradley Lake Operating Total - - - - - - - 13,000 - Battle Creek Operating Battle Creek Operating Total - - - - - - - - - Misc Admin Bradley Lake Operating Administrative Costs 13,000 9,750 - - 14,588 14,588 (4,838) 13,000 14,110 Bradley Lake Operating Total 13,000 9,750 - - 14,588 14,588 (4,838) 13,000 14,110 Professional Consultants Bradley Lake Operating Labor & Benefits 744,181 558,136 - - 171,331 171,331 386,804 730,000 548,307 Travel 32,500 24,375 - - 2,068 2,068 22,307 58,500 - Supplies & Materials 9,000 6,750 - - - - 6,750 18,000 - Other Costs - - - - - - - 12,000 - Bradley Lake Operating Total 785,681 589,261 - - 173,399 173,399 415,861 818,500 548,307 FERC 920 & 930 - Administrative Expense Total 1,404,766 1,053,575 - - 874,877 874,877 178,698 1,336,700 1,299,363 FERC 924 & 925 - Insurance Premiums Insurance Premiums Bradley Lake Operating Administrative Costs 1,371,724 1,028,793 51,905 - 792,850 844,755 184,038 1,138,300 1,219,190 Bradley Lake Operating Total 1,371,724 1,028,793 51,905 - 792,850 844,755 184,038 1,138,300 1,219,190 FERC 924 & 925 - Insurance Premiums Total 1,371,724 1,028,793 51,905 - 792,850 844,755 184,038 1,138,300 1,219,190 FERC 923 - Outside Services Employed Outside Services Employed Bradley Lake Operating Consulting-Administrative 315,000 236,250 - - 44,280 44,280 191,970 265,000 219,228 Bradley Lake Operating Total 315,000 236,250 - - 44,280 44,280 191,970 265,000 219,228 FERC 923 - Outside Services Employed Total 315,000 236,250 - - 44,280 44,280 191,970 265,000 219,228 FERC 928 - Regulatory Commission Expenses FERC Admin Fees Bradley Lake Operating Administrative Costs 180,000 135,000 - - - - 135,000 165,000 155,391 Bradley Lake Operating Total 180,000 135,000 - - - - 135,000 165,000 155,391 FERC Related Prof Services Bradley Lake Operating Bradley Lake Operating Total - - - - - - - - - BRADLEY CONTRACTUAL ENGINEER-FERC LICENSE ISSUES Administrative Costs 120,000 90,000 - - 59,039 59,039 30,961 120,000 48,036 BRADLEY CONTRACTUAL ENGINEER-FERC LICENSE ISSUES Total 120,000 90,000 - - 59,039 59,039 30,961 120,000 48,036 FERC 928 - Regulatory Commission Expenses Total 300,000 225,000 - - 59,039 59,039 165,961 285,000 203,427 O&M 4% Allocation to Battle Creek (320,638) (240,479) - - - - (240,479) (303,768) - Total Bradley Lake Budget 7,695,321 5,771,490 2,623,295 35,196 2,077,646 4,736,137 1,035,354 7,290,435 6,788,254 - - - - - - - - - Page 5 of 13 Actual Projected Actual Projected Actual Projected @ 6/30/23 TO REPAY Budget @ 6/30/24 TO REPAY Budget @ 6/30/25 TO REPAY Budget Description Expense @6/30/23 FY23 Expense @6/30/24 FY24 Expense @6/30/25 FY25 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 3,173 137,397 1,500,000 33,942 171,339 1,338,000 - 171,339 1,307,299 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 Nozzle 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 - 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 125,175 194,769 - 805,515 1,000,284 910,000 75,010 1,075,294 - Spillway Raise & Expansion Project (Dixon Diversion)**661,472 1,208,731 1,500,000 175,651 1,384,381 252,000 667,787 2,052,168 839,270 Needle Valve Rebuild - - - 198,086 198,086 1,579,535 1,504,127 1,702,213 1,719,535 Barge Dock Rehabilitation - - - - - - 401 401 600,000 789,820 34,084,987 3,000,000 1,213,194 35,298,181 4,079,535 2,247,324 37,545,505 4,466,103 Current Year R&C Repayment (2,757,013) (3,338,646) (2,580,808) Adjust balance to $5 million - - - Interest in Fund Applied to Repayment (100,912) (246,205) (132,863) Net Transfer from Revenue Fund (2,857,925) (3,584,851) (2,713,671) Cumulative Prior Years R&C Repayments (29,808,017) (31,677,137) (33,746,653) Due to (from) Utilities 988,805 1,515,335 1,404,033 Adjust Due to R&C Actual - - - (28,819,211) (30,161,802) (32,342,620) NET DUE TO R&C FUND 2,407,851 1,551,528 2,489,214 R&C FUND CASH FLOW PROJECTION Beginning Investment Balance 2,363,808 4,370,333 6,177,000 Disbursements-current year -Accrual - - - Disbursements-prior year accrued (473,241) (789,379) (1,213,194) Utilities' R&C Refund (378,159) (988,805) (1,515,335) Net other cash inflow(outflow) - - - Current year interest earnings 100,912 246,205 132,863 Participants Contributions to R&C Fund 2,757,013 3,338,646 2,580,808 Ending Investment Balance 4,370,333 6,177,000 6,162,143 Accrued Due to (from) Utilities (988,805) (1,515,335) (1,404,033) R&C payable back to the revenue fund - - - Accrued R&C vendor Payable at Year End (789,379) (1,213,194) (2,247,324) PROJECTED NET DUE + ENDING INVESTMENT BALANCE 5,000,000 5,000,000 5,000,000 **Spillway Raise & Expansion Project (Dixon Diversion) Paid with Bradley Lake R&C Fund ($2.3M) 2,052,609 Paid with Renewable Energy Fund Grant ($1M) 684,360 Paid with State Appropriation ($5M) 3,919,783 Paid with State Railbelt ($1.4M) 32,375 Paid with Bond Series 11 Interest 1,666 Total Project Cost at 03/31/25 6,690,793 4th 103,013 3rd 1,321,709 4th 1,321,709 2nd 247,054 3rd 247,054 4th 247,054 1st 197,455 2nd 197,455 3rd 197,455 1st 303,298 2nd 303,298 1st 561,831 1,869,230 2,069,516 1,309,638 3,738,460 4,139,032 2,619,277 BRADLEY LAKE R&C FUND DISBURSEMENTS AND REPAYMENTS SCHEDULE D Expenses for the period 07/01/24 to 03/31/25 Page 6 of 13 FY23 FY23 FY24 FY24 FY25 FY25 BUDGET ACTUALS BUDGET ACTUALS BUDGET ACTUALS Battle Creek Associated Costs 15,000 11,986 15,000 - - - Vent Enlargement 50,000 32,407 - - - - Pressure Sensor w SCADA 25,000 27,030 - - - - Survey and Monument DNR Lease - - 150,000 88,651 5,000 2,621 Total Non R&C Capital Purchases 90,000 71,423 165,000 88,651 5,000 2,621 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 07/01/24 to 03/31/25 Page 7 of 13 BATTLE CREEK OPERATIONS & MAINTENANCE SCHEDULE F BUDGET TO ACTUAL EXPENSES FOR THE PERIOD 07/01/2024 THROUGH 03/31/2025 FY 25 FY 24 FY25 Approved Budget BUDGET % 07/01/2024 - 03/31/2025 HEA Actual CEA Actual AEA Actual Total Actual (Over) Under Budget to Date FY24 Approved Budget FY24 Actual Summary by expense type Staff Professional Services (Direct) 50,000 37,500 - - 26,200 26,200 11,300 50,000 48,886 Labor & Benefits 10,000 7,500 34,318 236 7,139 41,693 (34,193) - 73,465 Travel - - 49 60 2,417 2,526 (2,526) - 1,411 Training - - 166 - 134 300 (300) - 427 Contractual 201,300 150,975 22,907 - 94,654 117,561 33,414 125,000 154,741 Consulting-Administrative - - - - 1,858 1,858 (1,858) - 9,858 Supplies & Materials 5,000 3,750 6,810 260 13 7,083 (3,333) - 6,940 Other Costs - - 1,961 911 259 3,130 (3,130) - 2,614 Equipment, Furniture & Machinery - - 494 - - 494 (494) - 6,648 Administrative Costs 14,000 10,500 3,693 - 56,628 60,321 (49,821) 11,500 81,420 Indirect Costs - - 38,907 - - 38,907 (38,907) - 54,808 O&M 4% Allocation to Battle Creek 320,638 240,479 - - - - 240,479 303,768 - Total Battle Creek Budget 600,938 450,704 109,304 1,466 189,302 300,073 150,631 490,268 441,218 FERC 535 - Operation Supervision & Engineering Operations Sup/Eng Battle Creek Operating Labor & Benefits 1,500 1,125 3,112 - - 3,112 (1,987) - 4,455 Travel - - 18 - - 18 (18) - 82 Training - - - - - - - - 24 Supplies & Materials 1,000 750 - - - - 750 - 10 Indirect Costs - - 4,373 - - 4,373 (4,373) - 6,209 Battle Creek Operating Total 2,500 1,875 7,503 - - 7,503 (5,628) - 10,780 FERC 535 - Operation Supervision & Engineering Total 2,500 1,875 7,503 - - 7,503 (5,628) - 10,780 FERC 537 - Hydraulic Expenses Hydraulic Expenses Battle Creek Operating Labor & Benefits 1,500 1,125 2,310 - - 2,310 (1,185) - 3,013 Contractual 145,000 108,750 - - 81,889 81,889 26,861 70,000 62,923 Supplies & Materials 1,000 750 41 - - 41 709 - 103 Indirect Costs - - 3,217 - - 3,217 (3,217) - 4,182 Battle Creek Operating Total 147,500 110,625 5,568 - 81,889 87,457 23,168 70,000 70,220 FERC 537 - Hydraulic Expenses Total 147,500 110,625 5,568 - 81,889 87,457 23,168 70,000 70,220 FERC 538 - Electric Expenses Electric Expenses Battle Creek Operating Labor & Benefits 1,500 1,125 6,893 - - 6,893 (5,768) - 8,823 Travel - - 9 - - 9 (9) - 9 Training - - 166 - - 166 (166) - 396 Contractual - - 219 - - 219 (219) - 104 Supplies & Materials 1,000 750 31 - - 31 719 - 466 Indirect Costs - - 8,096 - - 8,096 (8,096) - 10,273 Battle Creek Operating Total 2,500 1,875 15,415 - - 15,415 (13,540) - 20,072 FERC 538 - Electric Expenses Total 2,500 1,875 15,415 - - 15,415 (13,540) - 20,072 FERC 539 - Misc. Hydraulic Power Generation Expenses Misc Hydro Power Exp Battle Creek Operating Labor & Benefits 1,500 1,125 2,382 - - 2,382 (1,257) - 3,436 Contractual - - 14,000 - - 14,000 (14,000) - 16,605 Supplies & Materials 1,000 750 1,247 - - 1,247 (497) - 1,417 Other Costs - - 1,961 906 - 2,866 (2,866) - 2,604 Equipment, Furniture & Machinery - - 107 - - 107 (107) - - Indirect Costs - - 3,379 - - 3,379 (3,379) - 4,760 Battle Creek Operating Total 2,500 1,875 23,075 906 - 23,981 (22,106) - 28,823 FERC 539 - Misc. Hydraulic Power Generation Expenses Total 2,500 1,875 23,075 906 - 23,981 (22,106) - 28,823 FERC 541 - Maintenance Supervision & Engineering Maint Supervision/Eng Battle Creek Operating Labor & Benefits 2,500 1,875 3,106 - - 3,106 (1,231) - 4,696 Indirect Costs - - 4,373 - - 4,373 (4,373) - 6,247 Battle Creek Operating Total 2,500 1,875 7,479 - - 7,479 (5,604) - 10,944 FERC 541 - Maintenance Supervision & Engineering Total 2,500 1,875 7,479 - - 7,479 (5,604) - 10,944 FERC 542 - Maintenance of Structures Maintenance of Structures Battle Creek Operating Labor & Benefits 1,500 1,125 2,020 - - 2,020 (895) - 2,952 Contractual - - 2,697 - - 2,697 (2,697) - 1,822 Supplies & Materials 1,000 750 1,835 - - 1,835 (1,085) - 851 Equipment, Furniture & Machinery - - 387 - - 387 (387) - 824 Indirect Costs - - 2,837 - - 2,837 (2,837) - 3,977 Battle Creek Operating Total 2,500 1,875 9,776 - - 9,776 (7,901) - 10,426 FERC 542 - Maintenance of Structures Total 2,500 1,875 9,776 - - 9,776 (7,901) - 10,426 FERC 543 - Maintenance of Reservoirs, Dams & Waterways Maint Res, Dams, WWays Battle Creek Operating Labor & Benefits - - 395 - - 395 (395) - 250 Administrative Costs - - 24 - - 24 (24) - - Indirect Costs - - 457 - - 457 (457) - 361 Battle Creek Operating Total - - 876 - - 876 (876) - 611 FERC 543 - Maintenance of Reservoirs, Dams & Waterways Total - - 876 - - 876 (876) - 611 FERC 544 - Maintenance of Electric Plant Maintenance of Elec Plant Battle Creek Operating Labor & Benefits - - 7,613 - - 7,613 (7,613) - 10,819 Travel - - 22 - - 22 (22) - 15 Contractual - - 1,963 - - 1,963 (1,963) - 2,151 Supplies & Materials - - 842 - - 842 (842) - 1,507 ALASKA ENERGY AUTHORITY Page 8 of 13 BATTLE CREEK OPERATIONS & MAINTENANCE SCHEDULE F BUDGET TO ACTUAL EXPENSES FOR THE PERIOD 07/01/2024 THROUGH 03/31/2025 FY 25 FY 24 FY25 Approved Budget BUDGET % 07/01/2024 - 03/31/2025 HEA Actual CEA Actual AEA Actual Total Actual (Over) Under Budget to Date FY24 Approved Budget FY24 Actual ALASKA ENERGY AUTHORITY Administrative Costs - - 1,199 - - 1,199 (1,199) - - Indirect Costs - - 9,650 - - 9,650 (9,650) - 15,020 Battle Creek Operating Total - - 21,290 - - 21,290 (21,290) - 29,512 FERC 544 - Maintenance of Electric Plant Total - - 21,290 - - 21,290 (21,290) - 29,512 FERC 545 - Maintenance of Misc. Hydraulic Plant Maint of Misc Hydr Plant Battle Creek Operating Labor & Benefits - - 2,007 - - 2,007 (2,007) - 2,716 Contractual - - 1,246 - - 1,246 (1,246) - 3,115 Supplies & Materials - - 1,624 - - 1,624 (1,624) - 2,245 Equipment, Furniture & Machinery - - - - - - - - 5,824 Administrative Costs - - 306 - - 306 (306) - - Indirect Costs - - 2,526 - - 2,526 (2,526) - 3,779 Battle Creek Operating Total - - 7,709 - - 7,709 (7,709) - 17,679 FERC 545 - Maintenance of Misc. Hydraulic Plant Total - - 7,709 - - 7,709 (7,709) - 17,679 FERC 556 - System Control & Load Dispatching System Cntl & Load Disp Battle Creek Operating Labor & Benefits - - 911 - - 911 (911) - 496 Contractual - - 1,968 - - 1,968 (1,968) - 1,864 Supplies & Materials - - 4 - - 4 (4) - 18 Battle Creek Operating Total - - 2,883 - - 2,883 (2,883) - 2,378 Snow Measurement Battle Creek Operating Contractual - - - - 400 400 (400) - 400 Battle Creek Operating Total - - - - 400 400 (400) - 400 Seismic Service Battle Creek Operating Contractual - - - - 1,658 1,658 (1,658) - 2,531 Battle Creek Operating Total - - - - 1,658 1,658 (1,658) - 2,531 Streamguaging Serv Battle Creek Operating Contractual 56,300 42,225 - - 10,707 10,707 31,518 55,000 59,930 Battle Creek Operating Total 56,300 42,225 - - 10,707 10,707 31,518 55,000 59,930 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 56,300 42,225 2,883 - 12,775 15,658 26,567 55,000 65,249 FERC 562 - Station Expenses Station Expenses Battle Creek Operating Labor & Benefits - - 3,091 236 - 3,327 (3,327) - 6,754 Travel - - - 60 - 60 (60) - 14 Contractual - - 814 - - 814 (814) - 3,295 Supplies & Materials - - 688 260 - 947 (947) - 229 Other Costs - - - 5 - 5 (5) - - Battle Creek Operating Total - - 4,593 561 - 5,153 (5,153) - 10,293 FERC 562 - Station Expenses Total - - 4,593 561 - 5,153 (5,153) - 10,293 FERC 571 - Maintenance of Overhead Lines Maint of OH Lines Battle Creek Operating Labor & Benefits - - 477 - - 477 (477) - 2,208 Supplies & Materials - - 499 - - 499 (499) - - Battle Creek Operating Total - - 976 - - 976 (976) - 2,208 FERC 571 - Maintenance of Overhead Lines Total - - 976 - - 976 (976) - 2,208 FERC 920 & 930 - Administrative Expense AEA Bradley Fixed Admin Fees Battle Creek Operating Staff Professional Services (Direct) 50,000 37,500 - - 26,200 26,200 11,300 50,000 48,886 Travel - - - - 2,331 2,331 (2,331) - 1,291 Training - - - - 134 134 (134) - 6 Consulting-Administrative - - - - 13 13 (13) - 724 Supplies & Materials - - - - 13 13 (13) - 94 Other Costs - - - - 249 249 (249) - - Administrative Costs - - - - 11,106 11,106 (11,106) - 7,793 Battle Creek Operating Total 50,000 37,500 - - 40,046 40,046 (2,546) 50,000 58,794 Operating Committee Exp-Audit Battle Creek Operating Administrative Costs - - - - 1,606 1,606 (1,606) - 1,460 Battle Creek Operating Total - - - - 1,606 1,606 (1,606) - 1,460 Operating Committee Exp-Legal Battle Creek Operating Administrative Costs 5,000 3,750 - - 3,813 3,813 (63) 5,000 6,217 Battle Creek Operating Total 5,000 3,750 - - 3,813 3,813 (63) 5,000 6,217 Operat Committee Exp-Arbitrage Battle Creek Operating Administrative Costs 2,500 1,875 - - - - 1,875 - 1,690 Battle Creek Operating Total 2,500 1,875 - - - - 1,875 - 1,690 Trust & Account Fees Battle Creek Operating Administrative Costs 5,500 4,125 - - 4,000 4,000 125 5,500 4,170 Battle Creek Operating Total 5,500 4,125 - - 4,000 4,000 125 5,500 4,170 Misc Admin Battle Creek Operating Administrative Costs 1,000 750 - - 608 608 142 1,000 588 Battle Creek Operating Total 1,000 750 - - 608 608 142 1,000 588 Page 9 of 13 BATTLE CREEK OPERATIONS & MAINTENANCE SCHEDULE F BUDGET TO ACTUAL EXPENSES FOR THE PERIOD 07/01/2024 THROUGH 03/31/2025 FY 25 FY 24 FY25 Approved Budget BUDGET % 07/01/2024 - 03/31/2025 HEA Actual CEA Actual AEA Actual Total Actual (Over) Under Budget to Date FY24 Approved Budget FY24 Actual ALASKA ENERGY AUTHORITY Professional Consultants Battle Creek Operating Labor & Benefits - - - - 7,139 7,139 (7,139) - 22,846 Travel - - - - 86 86 (86) - - Battle Creek Operating Total - - - - 7,225 7,225 (7,225) - 22,846 FERC 920 & 930 - Administrative Expense Total 64,000 48,000 - - 57,298 57,298 (9,298) 61,500 95,764 FERC 924 & 925 - Insurance Premiums Insurance Premiums Battle Creek Operating Administrative Costs - - 2,163 - 33,035 35,198 (35,198) - 50,800 Battle Creek Operating Total - - 2,163 - 33,035 35,198 (35,198) - 50,800 FERC 924 & 925 - Insurance Premiums Total - - 2,163 - 33,035 35,198 (35,198) - 50,800 FERC 923 - Outside Services Employed Outside Services Employed Battle Creek Operating Consulting-Administrative - - - - 1,845 1,845 (1,845) - 9,134 Battle Creek Operating Total - - - - 1,845 1,845 (1,845) - 9,134 FERC 923 - Outside Services Employed Total - - - - 1,845 1,845 (1,845) - 9,134 FERC 928 - Regulatory Commission Expenses FERC Admin Fees Battle Creek Operating Administrative Costs - - - - - - - - 6,475 Battle Creek Operating Total - - - - - - - - 6,475 FERC Related Prof Services BRADLEY CONTRACTUAL ENGINEER-FERC LICENSE ISSUES Administrative Costs - - - - - - - - 227 BRADLEY CONTRACTUAL ENGINEER-FERC LICENSE ISSUES Total - - - - - - - - 227 Battle Creek Operating Administrative Costs - - - - 2,460 2,460 (2,460) - 2,002 Battle Creek Operating Total - - - - 2,460 2,460 (2,460) - 2,002 FERC 928 - Regulatory Commission Expenses Total - - - - 2,460 2,460 (2,460) - 8,703 O&M Allocation to Battle Creek 320,638 240,479 - - - - 240,479 303,768 - Total Battle Creek Budget 600,938 450,704 109,304 1,466 189,302 300,073 150,631 490,268 441,218 Page 10 of 13 FY23 FY23 FY24 FY24 FY25 FY25 BUDGET ACTUALS BUDGET ACTUALS BUDGET ACTUALS SSQ Line Access Documentation - 23,555 - - - - SSQ Soldotna-Qtz Ck 230kV Construction - 441,262 - - - - Total Non R&C Capital Purchases - 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 07/01/24 to 03/31/25 Page 11 of 13 FY 25 FY 24 FY25 Approved Budget BUDGET % 07/01/2024 - 03/31/2025 HEA Actual CEA Actual AEA Actual Total Actual (Over) Under Budget to Date FY24 Approved Budget FY24 Actual Summary by expense type Staff Professional Services (Direct)40,000 30,000 - - 2,494 2,494 27,506 15,000 34,357 Labor & Benefits 50,000 37,500 45,540 - - 45,540 (8,040) 50,000 - Travel - - - - 63 63 (63) - 338 Contractual 150,000 112,500 54,879 - - 54,879 57,621 175,000 - Permitting 36,878 27,659 - - 4,282 4,282 23,377 40,000 2,969 Supplies & Materials 20,000 15,000 - - 1 1 14,999 25,000 567 Other Costs - - - - - - - - 1,250 Administrative Costs 47,000 35,250 - - 2,599 2,599 32,651 2,000 38,439 Total SSQ Line Budget 343,878 257,909 100,420 - 9,437 109,857 148,051 307,000 77,920 FERC 540 - Rents FERC Land Use Fee SSQ Line Operating Other Costs - - - - - - - - 1,250 SSQ Line Operating Total - - - - - - - - 1,250 FERC 540 - Rents Total - - - - - - - - 1,250 FERC 556 - System Control & Load Dispatching Permits SSQ Line Operating Permitting 36,878 27,659 - - 4,282 4,282 23,377 40,000 2,969 SSQ Line Operating Total 36,878 27,659 - - 4,282 4,282 23,377 40,000 2,969 FERC 556 - System Control & Load Dispatching Total 36,878 27,659 - - 4,282 4,282 23,377 40,000 2,969 FERC 571 - Maintenance of Overhead Lines Maint of OH Lines SSQ Line Operating Labor & Benefits 50,000 37,500 45,540 - - 45,540 (8,040) 50,000 - Contractual 150,000 112,500 54,879 - - 54,879 57,621 175,000 - Supplies & Materials 20,000 15,000 - - - - 15,000 25,000 - SSQ Line Operating Total 220,000 165,000 100,420 - - 100,420 64,580 250,000 - FERC 571 - Maintenance of Overhead Lines Total 220,000 165,000 100,420 - - 100,420 64,580 250,000 - FERC 920 & 930 - Administrative Expense SSQ Line Operating Staff Professional Services (Direct)40,000 30,000 - - 2,494 2,494 27,506 15,000 34,357 Travel - - - - 63 63 (63) - 338 Supplies & Materials - - - - 1 1 (1) - 567 Administrative Costs 20,000 15,000 - - 599 599 14,401 - 36,439 SSQ Line Operating Total 60,000 45,000 - - 3,156 3,156 41,844 15,000 71,701 General & Administrative Costs General & Administrative Costs Total - - - - - - - - - Trust & Account Fees SSQ Line Operating Administrative Costs 2,000 1,500 - - 2,000 2,000 (500) 2,000 2,000 SSQ Line Operating Total 2,000 1,500 - - 2,000 2,000 (500) 2,000 2,000 FERC 920 & 930 - Administrative Expense Total 62,000 46,500 - - 5,156 5,156 41,344 17,000 73,701 FERC 928 - Regulatory Commission Expenses FERC Related Prof Services BRADLEY CONTRACTUAL ENGINEER-FERC LICENSE ISSUES Administrative Costs 25,000 18,750 - - - - 18,750 - - BRADLEY CONTRACTUAL ENGINEER-FERC LICENSE ISSUES Total 25,000 18,750 - - - - 18,750 - - FERC 928 - Regulatory Commission Expenses Total 25,000 18,750 - - - - 18,750 - - Total SSQ Line Budget 343,878 257,909 100,420 - 9,437 109,857 148,051 307,000 77,920 ALASKA ENERGY AUTHORITY SSQ LINE OPERATIONS & MAINTENANCE SCHEDULE I BUDGET TO ACTUAL EXPENSES FOR THE PERIOD 07/01/2024 THROUGH 03/31/2025 Page 12 of 13 Source Construction Funds at 11/30/22 Investment Expenses Calculated Capital Reserve at 11/30/22 Released from Capital Reserve Total Available Funding Required Project Work Bond Series 11 Funding 166,013,134 (157,250) (12,454,346) 1,151,865 154,553,403 BESS Required Project Work Bond Series 11 Funded Capital Projects Total Funding Project Budget Encumbered Total Actual Costs (Over) / Under Project Budget (Over) / Under Total Funding BRADLEY HEA BESS Preliminary Study 75,000 22,473 958 74,042 Oscillation Dampening Service - CEA 16,072,398 - 495,421 15,576,977 Oscillation Dampening Service - MEA 3,870,839 - 119,315 3,751,524 Total BESS Capital Projects 24,093,691 20,018,236 22,473 615,694 19,402,542 23,455,524 Transmission Required Project Work Bond Series 11 Funded Capital Projects Total Funding Project Budget Encumbered Total Actual Costs (Over) / Under Project Budget (Over) / Under Total Funding SSQ Line Sterling-Qtz Ck 230kV Construction - 74,042 5,384,674 (5,384,674) Soldotna-Sterling 230kV Construction - - 646,565 (646,565) BRADLEY Required Project Work Support - - 118,894 (118,894) Bradley RPW - Bond Series 11 - - 37,016 (37,016) Total Transmission Capital Projects 80,459,712 - 74,042 6,187,148 (6,187,148) 74,198,522 GRIP 3 Round 1 Required Project Work Bond Series 11 Funded Projects - HVDC Line Total Funding Project Budget Encumbered Total Actual Costs (Over) / Under Project Budget (Over) / Under Total Funding Allocate from BESS AEA Resolution 24-12 30,000,000 - - 30,000,000 Allocate from Transmission AEA Resolution 24-02 20,000,000 - - 20,000,000 Total Grip 3 Round 1 Capital Projects 50,000,000 50,000,000 - - 50,000,000 50,000,000 Total Required Project Work 154,553,403 70,018,236 96,515 6,802,843 63,215,394 147,654,045 50,000,000 50,000,000 ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT Capital Projects Funded by Bond Proceeds Appendix A 03/31/25 74,198,522 80,459,712 24,093,691 23,455,524 Page 13 of 13 Bradley Operation and Dispatch Committee Report May 2nd, 2025 Meeting Dates: April 18th, 2025 Notable Discussions and Items: □ Several committee member retirements’ □ Next water year inflow projections – expecting slightly below average in flow Water Tracking & Lake Level: As of April 1st, Bradley Lake contained approximately 120,241 MWh of energy. Committee Assignments: □ CEA continues work to address SCADA challenges to allow HEA wheeling capacity as defined in the existing Bradley agreement. □ 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: May 16th, 2025 @ 10am