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Home My WebLink About2025-06-20 BPMC Agenda and docsBRADLEY LAKE PROJECT MANAGEMENT COMMITTEE MEETING 813 W. Northern Lights Blvd. Anchorage, Alaska AGENDA June 20, 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 – May 2, 2025 7. NEW BUSINESS A. Battle Creek Bond Subsidies from IRS B. SS Line upgrade - Update 8. OLD BUSINESS A. Updates: i. Grip 3, Phase 1 Update Jim Mendenhall ii. Dixon Diversion Update Ryan McLaughlin 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 – July 25, 2025 14. ADJOURNMENT MEMORANDUM To: Bradley Project Management Committee From: Curtis Thayer, AEA Executive Director Date: June 20, 2025 Re: Bond series 7 debt service payments and IRS subsidies AEA receives a direct payment from the IRS equal to a percentage of the interest payments on qualified bonds, including AEA’s series 7 bond. The series 7 subsidy is around $525,000 twice annually and is built into the Bradley Project budget. The IRS’s issuance of this subsidy has become unreliable over the past 12 months: AEA has seen delays in issuance, changes from issuing by ACH to paper check and back to ACH, and paper checks have been sent to different addresses. AEA staff have worked tirelessly to track down missing checks and attempt to correct IRS mistakes. A bond series 7 debt service payment is due on July 1, 2025. To make the payment in a timely manner, funds needed to be transferred to the proper account of the Trustee by mid-June. However, AEA was still awaiting the January 1, 2025, IRS subsidy. To cover the expense, AEA transferred money from the Bradley Renewal and Contingency (R&C) Fund. When the late 1/1/25 IRS subsidy arrives, it will be deposited in the Bradley R&C Fund from which money was borrowed to make the debt service payment. The BPMC can provide guidance on how it wants this issue dealt with in the future. Options: (a) Remove the subsidies from the budget. This will result in Bradley participants paying more each month. However, an amount equal to the rate increase will accrue in the project account upon receipt of the IRS subsidies and then will be returned to the participants at the end of each year. (b) Make bond series 7 debt service payments using money from the R&C Fund anytime a subsidy payment is late. Refund the R&C Fund when the late subsidy payments arrive. Monitor the R&C Fund and adjust the budget from year-to-year to ensure it maintains an appropriate balance. In any case, AEA staff will continue relentlessly pursuing timely receipt of the IRS subsidies. SQ and SS Line Updates and status June 17, 2025 SQ Line • 39 miles of line Sterling to Quartz Creek Substation at Kenai Lake • Broken into 3 projects  P1 Sterling to 3 Johns Road, 8 miles, $15M, Energized February 28, 2025 @ 115kV  P2 Kenai Wild Life Refuge, 17 miles, Engineering 90% complete, Structures surveyed and staked. Estimated cost $22.7M. Construction planned for winter of 2025 – 2026.  P3/P4 Project combined, 14 miles, Russian River to Kenai Lake, Preliminary survey and staking completed. Engineering, EA and agency permitting in progress, Estimated cost $32.6M Construction planned for winter of 2026 – 2027. • All phases will be energized to 115kV until the transmission line all the way to Anchorage is upgraded to 230kV. • The SQ line upgrade appears to be roughly $2 million dollars overbudget. SS Line Upgrade • Project is to upgrade the existing line to a double circuit line from Soldotna Substation to Sterling Substation. Approximately 10 Miles. • EPS was awarded the Engineering documents and is approximate at 90% design. • ROW has been obtained or is already obtained for the existing line. • Material bids have been received. The cost are approximately 60% higher than anticipated. Delivery of the steel structures is quoted at delivery in January 2026 missing the anticipated construction to begin • Project was originally estimated at $24.4M due to increased costs in steel it is now estimated at $35.7M. • Homer Electric has prepared a project status for the BPMC to consider options on how to move forward. 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: June 18, 2025 SUBJECT: Railbelt Innovation and Resiliency Project, Phase 1 GRIP Topic 3, Round 1 – Update DOE Information Request - In early May 2025, the Department of Energy’s Office of Inspector General released a report on the implementation of the Grid Resilience and Innovation Partnerships (GRIP) Program, following an inspection conducted between March and October 2024 in accordance with the Council of the Inspectors General on Integrity and Efficiency’s Quality Standards for Inspection and Evaluation. The report identified that the Department’s Grid Deployment Office (GDO) did not develop and document an effective internal controls system, including the control environment and risk assessment, as required. Further, GDO may not have sufficient staff to oversee the Federal activities that support the GRIP Program. The report contained recommendations that the DOE improve its internal controls and its implementation of the $10.5 billion Grid Resilience and Innovation Partnerships Program. As a result, DOE has issued formal data requests to 179 GRIP-funded projects, including AEA’s Cook Inlet Power Link (CIPLink), a complete response was due by 06/16/2025. AEA submitted a response on 06/13/2025. DOE and AEA negotiated an initial budget for 10/17/2023 – 06/30/2025. Per our agreement and based on our preliminary engineering report AEA has issued a “Go” recommendation to DOE for the next budget period of 07/01/2025-06/30/2027. The estimate for the next budget period is $62.6M, the majority of the costs are associated with pre-payments for the material and equipment. AEA is commencing work to secure permits for marine survey work for the summer of 2026. Amount spent through 06/18/2025 is $1,086,268. 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: Jim Mendenhall, Director of Owned Assets FROM: Ryan McLaughlin, PE, Infrastructure Engineer DATE: June 17, 2025 RE: Dixon Diversion Update Engineering Design efforts are ongoing, with a target of 30% design by January 2026 for submittal with the Draft License Amendment Application. Focus effort has been on the diversion dam and tunnel intake – optimizing inlet elevation and mitigating sediment buildup in the diversion forebay. Board of Consultants meeting was held in February. AEA recently received and responded to BOC comments on the scope of work for the Probable Maximum Flood (PMF) study. Next BOC meeting is targeted for late October to review latest design iteration, PMF, and seismic. AEA submitted a Drilling Plan Program (DPP) to FERC for review and approval for drilling boreholes in and around Bradley Dam in September. Boreholes will inform seismic stability of the embankment dam and piezometers will be installed to monitor phreatic surface. Hydrology work continues with frequent stream gaging trips on Martin River to refine stage- discharge relationship. Probable Maximum Flood study expected to be complete in the fall. Environmental Aquatic, terrestrial, and cultural resources studies summer 2025 field season is on schedule, as per approved Dixon Study Plan. This week, a crew is on site doing wetland delineation around potential borrow source locations. Licensing FERC Draft License Amendment Application (DLAA) on schedule to be submitted in January 2026. DLAA will include a 14-ft pool raise. Budget AEA will receive $4MM in FY26 state budget to continue Dixon licensing work (down from $6MM). 1 Bradley Lake Project Management CommiƩee Report on Railbelt Regional CoordinaƟon June 20, 2025 Overview: The Bradley Lake Project Management CommiƩee is focused on two main objecƟves: expanding the project's capacity from 90 MW to its full potenƟal of 120 MW and ensuring the reliable and resilient delivery of energy and capacity to all stakeholders. Moreover, the commiƩee is commiƩed to addressing and eliminaƟng large-scale, small-signal instability oscillaƟons that arise when the Bradley Project interacts with the summer valley during periods of low lake levels. Consistent with SecƟon 32 of the Power sales agreement, which commits the parƟcipants to seek a high-capacity interƟe between the Kenai and Fairbanks, a comprehensive regional transmission plan, named the Grid ModernizaƟon and Resiliency Plan (GMRP), has been developed. The implementaƟon of GMRP is expected to yield several ancillary beneﬁts, including a more resilient and robust grid capable of withstanding extreme weather events and other disrupƟons. The modernizaƟon efforts will enhance power transfer capabiliƟes between regions, reduce the need for thermal reserves, decrease fuel consumpƟon, and cut carbon emissions. AddiƟonally, the upgraded grid will beƩer accommodate variable clean energy sources. This report outlines our acƟviƟes related to these efforts over the months of October and November. Contractors:  None Grant Efforts: State Match efforts The Legislature adjourned with minimal acƟvity in this area. Looking Forward: During the APA legislaƟve ﬂy-in we made with the delegaƟon aware of the potenƟal beneﬁts the Beluga- Healy AC transmission line alternaƟve could provide in electriﬁcaƟon the southern porƟons of the proposed AKLNG pipeline. Other AcƟviƟes:  As noted previously, on April 3rd, I transiƟoned to a reduced (40%) role at EDRRC as I begin assisƟng the Seward Electric System with their uƟlity management. However, I will 2 conƟnue to oversee the Federal Grant applicaƟons process and aid as required in state and uƟlity match efforts. This report reﬂects our conƟnuous 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 June 20, 2025 Unit Statistics: Generation Unit 1 (MWhrs) Unit 2 (MWhrs) Total (MWhrs) Apr. 2025 May. 2025 June. *2025 16,877 27,717 9,3359 16,248 22,296 9,420 33,125 44,013 18,779 Hydraulics Avg. Lake Level (ft.) Bradley Fishwater (ac ft.) Battle Creek MIF (ac ft.) Apr. 2025 May. 2025 June. *2025 1,128 1,117 1,116 1,256 654 45 0.0 278.6 199.0 Battle Creek Inflows to Bradley (ac ft.) Apr. 2024 May. 2024 June. *2025 0.0 1495.7 2714.3 0.0 *Lake Level – 1,116.7’ As of June 15, 2025 Activities • Forced Outages – None to report. • Dam/Spillway – Completed the monthly safety inspections, and power tunnel drain measurements. • Battle Creek Diversion – We were able to plow through some of the last remaining snow drifts to gain access to the diversion. The diversion was put in service 10 May 2025. • Crew’s Quarters Kitchen Remodel- The appliances that were on back order have been install apart from the range hood. It is still on back order with an ETA of 15 Aug.2025 • Safety – There have been no lost time or reportable accidents for the months of May 2025. A safety meeting was conducted on 18 June 2025. Next safety meeting is July 9, 2025. We completed CPR/First Aid training on May 13 and Wildlife Safety and Bear Shot Gun Defense Training on May 14,2025. • Unit #2 Breaker- EPC will be in on 16 June 2025 to replace the relay switch. A short outage on 17 June has been planned to replace the breaker. • Fire System- Yukon has received 90% of the materials for the Halon system replacement. The Fire Marshal has not completed his review of the design pushing out the estimated completion date. The RFB for the upgrade of the fire alarm system has been developed and issued. Proposals are due in by 24 July 2025. Bradley Lake Operators Report Page 2 Contractors/ Visitors • HEA - Larry Jorgensen attended the safety meeting. • Dynamic Defense Solutions- CPR & Wildlife Awareness and Bear Defense. • HSWCD- Casey Greenstein & Maria Hoffman, Invasive Plant/ Weed Control. Bradley Lake, Level 1,117.1’, June 10, 2025 Back Side of Spillway Goats Above the Spillway Bradley Lake Operators Report Page 3 Battle Creek Diversion Discharge 10 June 2025 Plowing Battle Creek Diversion Road 7 May 2025 Bradley Lake Operators Report Page 4 Putting Battle Creek Diversion in service 10 May 2025 Bradley Lake Operators Report Page 5 Battle Creek Diversion 10 June 2025 Bradley Lake Operators Report Page 6 Bear Aware Training Crew’s Quarters Kitchen Remodel Bradley Lake Operators Report Page 7 Crew’s Kitchen Remodel with New Steam Table CPR Training Bradley Lake Operators Report Page 8 Goat below Battle Creek Diversion & Moose at the Runway Bears on the road to the Dam Alaska Energy Authority Bradley Lake Budget to Actual Expenses 07/01/2024 to 04/30/2025 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 - - 111,087 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 - - Polaris Side by Side (Replace) - - - - 65,000 62,645 Crew Quarters Remodel - - - - 85,000 40,937 New Circuit Breaker - Generator #2 - - - - - 60,988 Contex HD Ultra X 3690 Color Scanner - - - - - 12,620 Total Non R&C Capital Purchases 1,558,000 1,262,914 948,000 289,857 150,000 337,272 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 04/30/25 Page 2 of 13 ALASKA ENERGY AUTHORITY BRADLEY LAKE OPERATIONS & MAINTENANCE SCHEDULE B BUDGET TO ACTUAL EXPENSES FOR THE PERIOD 07/01/2024 THROUGH 04/30/2025 FY 25 FY 24 FY25 Approved Budget BUDGET % 07/01/2024 - 04/30/2025 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) 312,585 260,488 - - 381,808 381,808 (121,320) 387,700 325,581 Labor & Benefits 2,054,317 1,711,931 951,933 39,267 211,471 1,202,670 509,260 2,023,067 1,763,168 Travel 51,500 42,917 1,246 3,096 46,908 51,249 (8,332) 78,500 23,515 Training 55,000 45,833 3,990 - 3,221 7,211 38,622 50,000 10,238 Contractual 1,243,010 1,035,842 677,326 - 311,662 988,987 46,854 1,181,381 917,237 Consulting-Administrative 315,000 262,500 - - 44,587 44,587 217,913 265,000 236,601 Supplies & Materials 378,500 315,417 160,618 9,034 310 169,962 145,454 330,332 166,554 Other Costs 112,718 93,932 52,642 24,270 6,212 83,124 10,808 79,318 62,747 Equipment, Furniture & Machinery 35,000 29,167 12,926 - - 12,926 16,241 165,000 159,553 Administrative Costs 1,978,224 1,648,520 57,731 - 1,374,261 1,431,992 216,528 1,553,800 1,807,663 Indirect Costs 1,480,105 1,233,421 1,121,889 - - 1,121,889 111,532 1,480,105 1,315,396 O&M 4% Allocation to Battle Creek (320,638) (267,199) - - - - (267,199) (303,768) - Total Bradley Lake Budget 7,695,321 6,412,767 3,040,300 75,666 2,380,440 5,496,406 916,361 7,290,435 6,788,254 FERC 535 - Operation Supervision & Engineering Operations Sup/Eng Bradley Lake Operating Labor & Benefits 105,451 87,876 84,533 - - 84,533 3,343 105,451 106,921 Travel 5,000 4,167 423 - 59 481 3,686 5,000 1,972 Training 5,000 4,167 - - - - 4,167 5,000 581 Contractual 3,000 2,500 407 - - 407 2,093 3,000 - Supplies & Materials 4,000 3,333 - - - - 3,333 4,000 233 Indirect Costs 155,698 129,748 118,614 - - 118,614 11,134 155,698 149,004 Bradley Lake Operating Total 278,149 231,791 203,977 - 59 204,035 27,755 278,149 258,711 FERC 535 - Operation Supervision & Engineering Total 278,149 231,791 203,977 - 59 204,035 27,755 278,149 258,711 FERC 537 - Hydraulic Expenses Hydraulic Expenses Bradley Lake Operating Labor & Benefits 95,262 79,385 65,882 - - 65,882 13,503 95,262 72,310 Contractual - - - - - - - 60,000 - Supplies & Materials 4,000 3,333 978 - - 978 2,355 2,000 2,461 Indirect Costs 109,250 91,042 89,989 - - 89,989 1,053 109,250 100,356 Bradley Lake Operating Total 208,512 173,760 156,849 - - 156,849 16,911 266,512 175,127 FERC 537 - Hydraulic Expenses Total 208,512 173,760 156,849 - - 156,849 16,911 266,512 175,127 FERC 538 - Electric Expenses Electric Expenses Bradley Lake Operating Labor & Benefits 218,044 181,703 191,820 - - 191,820 (10,116) 218,044 211,756 Travel 7,000 5,833 293 - - 293 5,540 7,000 209 Training 30,000 25,000 3,990 - - 3,990 21,010 30,000 9,514 Contractual 10,000 8,333 5,255 - - 5,255 3,078 5,000 2,506 Supplies & Materials 18,500 15,417 804 - - 804 14,613 13,732 11,183 Indirect Costs 262,004 218,337 223,763 - - 223,763 (5,427) 262,004 246,564 Bradley Lake Operating Total 545,548 454,623 425,925 - - 425,925 28,698 535,780 481,731 FERC 538 - Electric Expenses Total 545,548 454,623 425,925 - - 425,925 28,698 535,780 481,731 FERC 539 - Misc. Hydraulic Power Generation Expenses Misc Hydro Power Exp Bradley Lake Operating Labor & Benefits 107,742 89,785 66,679 - - 66,679 23,106 105,742 82,466 Training 20,000 16,667 - - - - 16,667 15,000 - Contractual 385,067 320,889 368,645 - - 368,645 (47,756) 360,067 398,523 Supplies & Materials 25,000 20,833 37,465 - - 37,465 (16,631) 25,000 34,014 Equipment, Furniture & Machinery - - 2,563 - - 2,563 (2,563) - - Indirect Costs 114,320 95,267 93,221 - - 93,221 2,046 114,320 114,239 Bradley Lake Operating Total 652,129 543,441 568,573 - - 568,573 (25,132) 620,129 629,241 BRADLEY CIRCUITS/RADIO TO BERNICE LK Other Costs 35,695 29,746 28,557 - - 28,557 1,189 35,695 34,268 BRADLEY CIRCUITS/RADIO TO BERNICE LK Total 35,695 29,746 28,557 - - 28,557 1,189 35,695 34,268 BRADLEY CIRCUITS BERNICE LK TO ANCH Other Costs 29,773 24,811 - 24,154 - 24,154 656 29,773 28,239 BRADLEY CIRCUITS BERNICE LK TO ANCH Total 29,773 24,811 - 24,154 - 24,154 656 29,773 28,239 LOWER BRADLEY CIRCUITS/RADIO TO BARGE DOCK Other Costs 45,000 37,500 24,085 - - 24,085 13,415 - - LOWER BRADLEY CIRCUITS/RADIO TO BARGE DOCK Total 45,000 37,500 24,085 - - 24,085 13,415 - - FERC 539 - Misc. Hydraulic Power Generation Expenses Total 762,597 635,498 621,215 24,154 - 645,369 (9,872) 685,597 691,748 FERC 541 - Maintenance Supervision & Engineering Maint Supervision/Eng Bradley Lake Operating Labor & Benefits 110,451 92,043 88,987 - - 88,987 3,056 110,451 112,706 Indirect Costs 155,698 129,748 118,614 - - 118,614 11,134 155,698 149,940 Bradley Lake Operating Total 266,149 221,791 207,601 - - 207,601 14,190 266,149 262,645 FERC 541 - Maintenance Supervision & Engineering Total 266,149 221,791 207,601 - - 207,601 14,190 266,149 262,645 FERC 542 - Maintenance of Structures Maintenance of Structures Default Default Total - - - - - - - - - Bradley Lake Operating Labor & Benefits 89,710 74,758 57,695 - - 57,695 17,064 89,710 70,851 Contractual 126,000 105,000 103,030 - - 103,030 1,970 56,000 43,732 Supplies & Materials 70,000 58,333 26,400 - - 26,400 31,934 78,000 20,423 Equipment, Furniture & Machinery 20,000 16,667 10,362 - - 10,362 6,304 15,000 19,772 Indirect Costs 102,350 85,292 79,411 - - 79,411 5,881 102,350 95,457 Bradley Lake Operating Total 408,060 340,050 276,898 - - 276,898 63,152 341,060 250,235 FERC 542 - Maintenance of Structures Total 408,060 340,050 276,898 - - 276,898 63,152 341,060 250,235 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 04/30/2025 FY 25 FY 24 FY25 Approved Budget BUDGET % 07/01/2024 - 04/30/2025 HEA Actual CEA Actual AEA Actual Total Actual (Over) Under Budget to Date FY24 Approved Budget FY24 Actual Labor & Benefits 51,783 43,153 10,993 - - 10,993 32,160 51,783 6,012 Contractual 39,500 32,917 41,306 - - 41,306 (8,390) 6,500 - Supplies & Materials 85,000 70,833 - - - - 70,833 20,000 - Equipment, Furniture & Machinery 15,000 12,500 - - - - 12,500 - - Indirect Costs 58,650 48,875 13,146 - - 13,146 35,729 58,650 8,664 Bradley Lake Operating Total 249,933 208,278 65,445 - - 65,445 142,832 136,933 14,675 BRADLEY POWER TUNNEL MAINT (Dam) Contractual 15,000 12,500 - - - - 12,500 15,000 - BRADLEY POWER TUNNEL MAINT (Dam) Total 15,000 12,500 - - - - 12,500 15,000 - FERC 543 - Maintenance of Reservoirs, Dams & Waterways Total 264,933 220,778 65,445 - - 65,445 155,332 151,933 14,675 FERC 544 - Maintenance of Electric Plant Maintenance of Elec Plant Bradley Lake Operating Labor & Benefits 309,110 257,592 219,691 - - 219,691 37,900 309,110 259,650 Travel 4,500 3,750 530 - - 530 3,220 4,500 354 Contractual 75,000 62,500 60,276 - - 60,276 2,224 40,000 51,632 Supplies & Materials 40,000 33,333 22,136 - - 22,136 11,197 40,000 36,163 Indirect Costs 423,178 352,648 305,840 - - 305,840 46,808 423,178 360,486 Bradley Lake Operating Total 851,788 709,823 608,473 - - 608,473 101,350 816,788 708,284 FERC 544 - Maintenance of Electric Plant Total 851,788 709,823 608,473 - - 608,473 101,350 816,788 708,284 FERC 545 - Maintenance of Misc. Hydraulic Plant Maint of Misc Hydr Plant Bradley Lake Operating Labor & Benefits 69,297 57,748 57,375 - - 57,375 372 69,297 65,189 Contractual 45,000 37,500 30,020 - - 30,020 7,480 45,000 74,760 Supplies & Materials 68,000 56,667 44,286 - - 44,286 12,381 68,000 53,871 Equipment, Furniture & Machinery - - - - - - - 150,000 139,780 Indirect Costs 98,957 82,464 79,291 - - 79,291 3,174 98,957 90,687 Bradley Lake Operating Total 281,254 234,378 210,972 - - 210,972 23,406 431,254 424,287 FERC 545 - Maintenance of Misc. Hydraulic Plant Total 281,254 234,378 210,972 - - 210,972 23,406 431,254 424,287 FERC 556 - System Control & Load Dispatching System Cntl & Load Disp Bradley Lake Operating Labor & Benefits 20,174 16,812 22,210 - - 22,210 (5,398) 20,174 11,901 Contractual 103,500 86,250 48,848 - - 48,848 37,402 85,500 44,724 Supplies & Materials 12,000 10,000 85 - - 85 9,915 12,000 438 Bradley Lake Operating Total 135,674 113,062 71,143 - - 71,143 41,919 117,674 57,063 Snow Measurement Bradley Lake Operating Contractual 10,000 8,333 - - 9,600 9,600 (1,267) 10,000 9,600 Bradley Lake Operating Total 10,000 8,333 - - 9,600 9,600 (1,267) 10,000 9,600 Seismic Service Bradley Lake Operating Contractual 64,868 54,057 - - 45,088 45,088 8,969 62,000 60,755 Bradley Lake Operating Total 64,868 54,057 - - 45,088 45,088 8,969 62,000 60,755 Streamguaging Serv Bradley Lake Operating Contractual 216,275 180,229 - - 256,974 256,974 (76,745) 278,014 151,920 Bradley Lake Operating Total 216,275 180,229 - - 256,974 256,974 (76,745) 278,014 151,920 Permits Bradley Lake Operating Other Costs 350 292 - - 240 240 52 350 240 Bradley Lake Operating Total 350 292 - - 240 240 52 350 240 FERC 556 - System Control & Load Dispatching Total 427,167 355,973 71,143 - 311,902 383,045 (27,072) 468,038 279,578 FERC 562 - Station Expenses Station Expenses Bradley Lake Operating Labor & Benefits 96,612 80,510 74,183 39,267 - 113,450 (32,940) 102,043 162,103 Travel 2,500 2,083 - 3,096 - 3,096 (1,013) 3,500 336 Contractual 79,800 66,500 19,538 - - 19,538 46,962 80,300 79,087 Supplies & Materials 23,000 19,167 16,500 9,034 - 25,534 (6,368) 19,600 5,501 Other Costs 1,900 1,583 - 115 - 115 1,468 1,500 - Bradley Lake Operating Total 203,812 169,843 110,221 51,512 - 161,733 8,110 206,943 247,026 FERC 562 - Station Expenses Total 203,812 169,843 110,221 51,512 - 161,733 8,110 206,943 247,026 FERC 571 - Maintenance of Overhead Lines Maint of OH Lines Bradley Lake Operating Labor & Benefits 36,500 30,417 11,885 - - 11,885 18,532 16,000 52,998 Contractual 70,000 58,333 - - - - 58,333 75,000 - Supplies & Materials 20,000 16,667 11,965 - - 11,965 4,701 30,000 - Bradley Lake Operating Total 126,500 105,417 23,850 - - 23,850 81,566 121,000 52,998 FERC 571 - Maintenance of Overhead Lines Total 126,500 105,417 23,850 - - 23,850 81,566 121,000 52,998 FERC 920 & 930 - Administrative Expense AEA Bradley Fixed Admin Fees Bradley Lake Operating Staff Professional Services (Direct) 312,585 260,488 - - 381,808 381,808 (121,320) 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 172,500 143,750 - - 266,547 266,547 (122,797) 2,500 186,707 Bradley Lake Operating Total 485,085 404,238 - - 702,946 702,946 (298,709) 390,200 552,716 General & Administrative Costs General & Administrative Costs Total - - - - - - - - - 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 07/01/2024 THROUGH 04/30/2025 FY 25 FY 24 FY25 Approved Budget BUDGET % 07/01/2024 - 04/30/2025 HEA Actual CEA Actual AEA Actual Total Actual (Over) Under Budget to Date FY24 Approved Budget FY24 Actual Administrative Costs 41,000 34,167 - - 38,534 38,534 (4,368) 22,000 35,030 Bradley Lake Operating Total 41,000 34,167 - - 38,534 38,534 (4,368) 22,000 35,030 Operating Committee Exp-Legal Bradley Lake Operating Administrative Costs 80,000 66,667 - - 102,112 102,112 (35,445) 80,000 149,198 Bradley Lake Operating Total 80,000 66,667 - - 102,112 102,112 (35,445) 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 10,833 - - 14,588 14,588 (3,755) 13,000 14,110 Bradley Lake Operating Total 13,000 10,833 - - 14,588 14,588 (3,755) 13,000 14,110 Professional Consultants Bradley Lake Operating Labor & Benefits 744,181 620,151 - - 211,471 211,471 408,680 730,000 548,307 Travel 32,500 27,083 - - 2,068 2,068 25,015 58,500 - Supplies & Materials 9,000 7,500 - - - - 7,500 18,000 - Other Costs - - - - - - - 12,000 - Bradley Lake Operating Total 785,681 654,734 - - 213,539 213,539 441,195 818,500 548,307 FERC 920 & 930 - Administrative Expense Total 1,404,766 1,170,638 - - 1,071,720 1,071,720 98,919 1,336,700 1,299,363 FERC 924 & 925 - Insurance Premiums Insurance Premiums Bradley Lake Operating Administrative Costs 1,371,724 1,143,103 57,731 - 893,441 951,172 191,931 1,138,300 1,219,190 Bradley Lake Operating Total 1,371,724 1,143,103 57,731 - 893,441 951,172 191,931 1,138,300 1,219,190 FERC 924 & 925 - Insurance Premiums Total 1,371,724 1,143,103 57,731 - 893,441 951,172 191,931 1,138,300 1,219,190 FERC 923 - Outside Services Employed Outside Services Employed Bradley Lake Operating Consulting-Administrative 315,000 262,500 - - 44,280 44,280 218,220 265,000 219,228 Bradley Lake Operating Total 315,000 262,500 - - 44,280 44,280 218,220 265,000 219,228 FERC 923 - Outside Services Employed Total 315,000 262,500 - - 44,280 44,280 218,220 265,000 219,228 FERC 928 - Regulatory Commission Expenses FERC Admin Fees Bradley Lake Operating Administrative Costs 180,000 150,000 - - - - 150,000 165,000 155,391 Bradley Lake Operating Total 180,000 150,000 - - - - 150,000 165,000 155,391 FERC Related Prof Services Bradley Lake Operating Bradley Lake Operating Total - - - - - - - - - BRADLEY CONTRACTUAL ENGINEER-FERC LICENSE ISSUES Administrative Costs 120,000 100,000 - - 59,039 59,039 40,961 120,000 48,036 BRADLEY CONTRACTUAL ENGINEER-FERC LICENSE ISSUES Total 120,000 100,000 - - 59,039 59,039 40,961 120,000 48,036 FERC 928 - Regulatory Commission Expenses Total 300,000 250,000 - - 59,039 59,039 190,961 285,000 203,427 O&M 4% Allocation to Battle Creek (320,638) (267,199) - - - - (267,199) (303,768) - Total Bradley Lake Budget 7,695,321 6,412,767 3,040,300 75,666 2,380,440 5,496,406 916,361 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 @ 4/30/25 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 (aka Dixon Diversion)**661,472 1,208,731 1,500,000 175,651 1,384,381 252,000 699,740 2,084,121 839,270 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 2,279,278 37,577,459 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) (140,790) Net Transfer from Revenue Fund (2,857,925) (3,584,851) (2,721,598) Cumulative Prior Years R&C Repayments (29,808,017) (31,677,137) (33,746,653) Due to (from) Utilities 988,805 1,515,335 1,403,972 Adjust Due to R&C Actual - - - (28,819,211) (30,161,802) (32,342,681) NET DUE TO R&C FUND 2,407,851 1,551,528 2,513,179 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 100,912 246,205 140,790 Participants Contributions to R&C Fund 2,757,013 3,338,646 2,580,808 Ending Investment Balance 4,370,333 6,177,000 6,170,070 Accrued Due to (from) Utilities (988,805) (1,515,335) (1,403,972) R&C payable back to the revenue fund - - - Accrued R&C vendor Payable at Year End (789,379) (1,213,194) (2,279,278) PROJECTED NET DUE + ENDING INVESTMENT BALANCE 5,000,000 5,000,000 5,000,000 **Spillway Raise & Expansion Project (aka Dixon Diversion) Budget Commited Encumbered Actuals Variance Bradley Lake R&C Fund 2,300,000 12,280 203,158 2,084,562 - REF Grant (CEA) 1,000,000 - 315,640 684,360 State Hydro Development 5,000,000 120,000 882,878 3,997,122 - State Railbelt 1,379,700 - 529,040 97,461 753,199 Bond Series 11 Interest - - - 1,666 (1,666) Total Project Cost at 04/30/25 9,679,700 132,280 1,930,715 6,865,172 751,533 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 569,819 1,869,230 2,069,516 1,317,627 BRADLEY LAKE R&C FUND DISBURSEMENTS AND REPAYMENTS SCHEDULE D Expenses for the period 07/01/24 to 04/30/25 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 04/30/25 Page 7 of 13 BATTLE CREEK OPERATIONS & MAINTENANCE SCHEDULE F BUDGET TO ACTUAL EXPENSES FOR THE PERIOD 07/01/2024 THROUGH 04/30/2025 FY 25 FY 24 FY25 Approved Budget BUDGET % 07/01/2024 - 04/30/2025 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 41,667 - - 36,323 36,323 5,344 50,000 48,886 Labor & Benefits 10,000 8,333 39,664 1,636 8,811 50,111 (41,778) - 73,465 Travel - - 52 129 2,419 2,600 (2,600) - 1,411 Training - - 166 - 134 300 (300) - 427 Contractual 201,300 167,750 28,222 - 109,470 137,692 30,058 125,000 154,741 Consulting-Administrative - - - - 1,858 1,858 (1,858) - 9,858 Supplies & Materials 5,000 4,167 6,692 376 13 7,082 (2,915) - 6,940 Other Costs - - 2,193 1,011 259 3,463 (3,463) - 2,614 Equipment, Furniture & Machinery - - 539 - - 539 (539) - 6,648 Administrative Costs 14,000 11,667 2,405 - 61,261 63,666 (52,000) 11,500 81,420 Indirect Costs - - 46,745 - - 46,745 (46,745) - 54,808 O&M 4% Allocation to Battle Creek 320,638 267,199 - - - - 267,199 303,768 - Total Battle Creek Budget 600,938 500,782 126,679 3,153 220,548 350,380 150,402 490,268 441,218 FERC 535 - Operation Supervision & Engineering Operations Sup/Eng Battle Creek Operating Labor & Benefits 1,500 1,250 3,522 - - 3,522 (2,272) - 4,455 Travel - - 18 - 2 20 (20) - 82 Training - - - - - - - - 24 Contractual - - 17 - - 17 (17) - - Supplies & Materials 1,000 833 - - - - 833 - 10 Indirect Costs - - 4,942 - - 4,942 (4,942) - 6,209 Battle Creek Operating Total 2,500 2,083 8,499 - 2 8,501 (6,418) - 10,780 FERC 535 - Operation Supervision & Engineering Total 2,500 2,083 8,499 - 2 8,501 (6,418) - 10,780 FERC 537 - Hydraulic Expenses Hydraulic Expenses Battle Creek Operating Labor & Benefits 1,500 1,250 2,745 - - 2,745 (1,495) - 3,013 Contractual 145,000 120,833 - - 96,484 96,484 24,349 70,000 62,923 Supplies & Materials 1,000 833 41 - - 41 793 - 103 Indirect Costs - - 3,750 - - 3,750 (3,750) - 4,182 Battle Creek Operating Total 147,500 122,917 6,535 - 96,484 103,020 19,897 70,000 70,220 FERC 537 - Hydraulic Expenses Total 147,500 122,917 6,535 - 96,484 103,020 19,897 70,000 70,220 FERC 538 - Electric Expenses Electric Expenses Battle Creek Operating Labor & Benefits 1,500 1,250 7,992 - - 7,992 (6,742) - 8,823 Travel - - 12 - - 12 (12) - 9 Training - - 166 - - 166 (166) - 396 Contractual - - 219 - - 219 (219) - 104 Supplies & Materials 1,000 833 33 - - 33 800 - 466 Indirect Costs - - 9,323 - - 9,323 (9,323) - 10,273 Battle Creek Operating Total 2,500 2,083 17,747 - - 17,747 (15,664) - 20,072 FERC 538 - Electric Expenses Total 2,500 2,083 17,747 - - 17,747 (15,664) - 20,072 FERC 539 - Misc. Hydraulic Power Generation Expenses Misc Hydro Power Exp Battle Creek Operating Labor & Benefits 1,500 1,250 2,778 - - 2,778 (1,528) - 3,436 Contractual - - 15,360 - - 15,360 (15,360) - 16,605 Supplies & Materials 1,000 833 1,561 - - 1,561 (728) - 1,417 Other Costs - - 2,193 1,006 - 3,200 (3,200) - 2,604 Equipment, Furniture & Machinery - - 107 - - 107 (107) - - Indirect Costs - - 3,884 - - 3,884 (3,884) - 4,760 Battle Creek Operating Total 2,500 2,083 25,884 1,006 - 26,890 (24,807) - 28,823 FERC 539 - Misc. Hydraulic Power Generation Expenses Total 2,500 2,083 25,884 1,006 - 26,890 (24,807) - 28,823 FERC 541 - Maintenance Supervision & Engineering Maint Supervision/Eng Battle Creek Operating Labor & Benefits 2,500 2,083 3,708 - - 3,708 (1,624) - 4,696 Indirect Costs - - 4,942 - - 4,942 (4,942) - 6,247 Battle Creek Operating Total 2,500 2,083 8,650 - - 8,650 (6,567) - 10,944 FERC 541 - Maintenance Supervision & Engineering Total 2,500 2,083 8,650 - - 8,650 (6,567) - 10,944 FERC 542 - Maintenance of Structures Maintenance of Structures Battle Creek Operating Labor & Benefits 1,500 1,250 2,404 - - 2,404 (1,154) - 2,952 Contractual - - 4,293 - - 4,293 (4,293) - 1,822 Supplies & Materials 1,000 833 1,100 - - 1,100 (267) - 851 Equipment, Furniture & Machinery - - 432 - - 432 (432) - 824 Indirect Costs - - 3,309 - - 3,309 (3,309) - 3,977 Battle Creek Operating Total 2,500 2,083 11,537 - - 11,537 (9,454) - 10,426 FERC 542 - Maintenance of Structures Total 2,500 2,083 11,537 - - 11,537 (9,454) - 10,426 FERC 543 - Maintenance of Reservoirs, Dams & Waterways Maint Res, Dams, WWays Battle Creek Operating Labor & Benefits - - 458 - - 458 (458) - 250 Contractual - - 1,721 - - 1,721 (1,721) - - Indirect Costs - - 548 - - 548 (548) - 361 Battle Creek Operating Total - - 2,727 - - 2,727 (2,727) - 611 FERC 543 - Maintenance of Reservoirs, Dams & Waterways Total - - 2,727 - - 2,727 (2,727) - 611 FERC 544 - Maintenance of Electric Plant Maintenance of Elec Plant Battle Creek Operating Labor & Benefits - - 9,154 - - 9,154 (9,154) - 10,819 Travel - - 22 - - 22 (22) - 15 Contractual - - 2,511 - - 2,511 (2,511) - 2,151 ALASKA ENERGY AUTHORITY Page 8 of 13 BATTLE CREEK OPERATIONS & MAINTENANCE SCHEDULE F BUDGET TO ACTUAL EXPENSES FOR THE PERIOD 07/01/2024 THROUGH 04/30/2025 FY 25 FY 24 FY25 Approved Budget BUDGET % 07/01/2024 - 04/30/2025 HEA Actual CEA Actual AEA Actual Total Actual (Over) Under Budget to Date FY24 Approved Budget FY24 Actual ALASKA ENERGY AUTHORITY Supplies & Materials - - 922 - - 922 (922) - 1,507 Indirect Costs - - 12,743 - - 12,743 (12,743) - 15,020 Battle Creek Operating Total - - 25,353 - - 25,353 (25,353) - 29,512 FERC 544 - Maintenance of Electric Plant Total - - 25,353 - - 25,353 (25,353) - 29,512 FERC 545 - Maintenance of Misc. Hydraulic Plant Maint of Misc Hydr Plant Battle Creek Operating Labor & Benefits - - 2,391 - - 2,391 (2,391) - 2,716 Contractual - - 1,251 - - 1,251 (1,251) - 3,115 Supplies & Materials - - 1,845 - - 1,845 (1,845) - 2,245 Equipment, Furniture & Machinery - - - - - - - - 5,824 Indirect Costs - - 3,304 - - 3,304 (3,304) - 3,779 Battle Creek Operating Total - - 8,791 - - 8,791 (8,791) - 17,679 FERC 545 - Maintenance of Misc. Hydraulic Plant Total - - 8,791 - - 8,791 (8,791) - 17,679 FERC 556 - System Control & Load Dispatching System Cntl & Load Disp Battle Creek Operating Labor & Benefits - - 925 - - 925 (925) - 496 Contractual - - 2,035 - - 2,035 (2,035) - 1,864 Supplies & Materials - - 4 - - 4 (4) - 18 Battle Creek Operating Total - - 2,964 - - 2,964 (2,964) - 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 - - - - 1,879 1,879 (1,879) - 2,531 Battle Creek Operating Total - - - - 1,879 1,879 (1,879) - 2,531 Streamguaging Serv Battle Creek Operating Contractual 56,300 46,917 - - 10,707 10,707 36,209 55,000 59,930 Battle Creek Operating Total 56,300 46,917 - - 10,707 10,707 36,209 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 46,917 2,964 - 12,996 15,960 30,956 55,000 65,249 FERC 562 - Station Expenses Station Expenses Battle Creek Operating Labor & Benefits - - 3,091 1,636 - 4,727 (4,727) - 6,754 Travel - - - 129 - 129 (129) - 14 Contractual - - 814 - - 814 (814) - 3,295 Supplies & Materials - - 688 376 - 1,064 (1,064) - 229 Other Costs - - - 5 - 5 (5) - - Battle Creek Operating Total - - 4,593 2,146 - 6,739 (6,739) - 10,293 FERC 562 - Station Expenses Total - - 4,593 2,146 - 6,739 (6,739) - 10,293 FERC 571 - Maintenance of Overhead Lines Maint of OH Lines Battle Creek Operating Labor & Benefits - - 495 - - 495 (495) - 2,208 Supplies & Materials - - 499 - - 499 (499) - - Battle Creek Operating Total - - 994 - - 994 (994) - 2,208 FERC 571 - Maintenance of Overhead Lines Total - - 994 - - 994 (994) - 2,208 FERC 920 & 930 - Administrative Expense AEA Bradley Fixed Admin Fees Battle Creek Operating Staff Professional Services (Direct) 50,000 41,667 - - 36,323 36,323 5,344 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 41,667 - - 50,168 50,168 (8,502) 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 4,167 - - 4,255 4,255 (88) 5,000 6,217 Battle Creek Operating Total 5,000 4,167 - - 4,255 4,255 (88) 5,000 6,217 Operat Committee Exp-Arbitrage Battle Creek Operating Administrative Costs 2,500 2,083 - - - - 2,083 - 1,690 Battle Creek Operating Total 2,500 2,083 - - - - 2,083 - 1,690 Trust & Account Fees Battle Creek Operating Administrative Costs 5,500 4,583 - - 4,000 4,000 583 5,500 4,170 Battle Creek Operating Total 5,500 4,583 - - 4,000 4,000 583 5,500 4,170 Misc Admin Battle Creek Operating Administrative Costs 1,000 833 - - 608 608 226 1,000 588 Battle Creek Operating Total 1,000 833 - - 608 608 226 1,000 588 Professional Consultants Page 9 of 13 BATTLE CREEK OPERATIONS & MAINTENANCE SCHEDULE F BUDGET TO ACTUAL EXPENSES FOR THE PERIOD 07/01/2024 THROUGH 04/30/2025 FY 25 FY 24 FY25 Approved Budget BUDGET % 07/01/2024 - 04/30/2025 HEA Actual CEA Actual AEA Actual Total Actual (Over) Under Budget to Date FY24 Approved Budget FY24 Actual ALASKA ENERGY AUTHORITY Battle Creek Operating Labor & Benefits - - - - 8,811 8,811 (8,811) - 22,846 Travel - - - - 86 86 (86) - - Battle Creek Operating Total - - - - 8,897 8,897 (8,897) - 22,846 FERC 920 & 930 - Administrative Expense Total 64,000 53,333 - - 69,534 69,534 (16,201) 61,500 95,764 FERC 924 & 925 - Insurance Premiums Insurance Premiums Battle Creek Operating Administrative Costs - - 2,405 - 37,227 39,632 (39,632) - 50,800 Battle Creek Operating Total - - 2,405 - 37,227 39,632 (39,632) - 50,800 FERC 924 & 925 - Insurance Premiums Total - - 2,405 - 37,227 39,632 (39,632) - 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 320,638 267,199 - - - - 267,199 303,768 - Total Battle Creek Budget 600,938 500,782 126,679 3,153 220,548 350,380 150,402 490,268 441,218 - - - - - - - - - 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 04/30/25 Page 11 of 13 FY 25 FY 24 FY25 Approved Budget BUDGET % 07/01/2024 - 04/30/2025 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 33,333 - - 5,018 5,018 28,315 15,000 34,357 Labor & Benefits 50,000 41,667 47,722 - - 47,722 (6,056) 50,000 - Travel - - - - 63 63 (63) - 338 Contractual 150,000 125,000 54,879 - - 54,879 70,121 175,000 - Permitting 36,878 30,732 - - 4,282 4,282 26,450 40,000 2,969 Supplies & Materials 20,000 16,667 - - 1 1 16,666 25,000 567 Other Costs - - - - - - - - 1,250 Administrative Costs 47,000 39,167 - - 2,599 2,599 36,568 2,000 38,439 Total SSQ Line Budget 343,878 286,565 102,602 - 11,962 114,564 172,001 307,000 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 30,732 - - 4,282 4,282 26,450 40,000 2,969 SSQ Line Operating Total 36,878 30,732 - - 4,282 4,282 26,450 40,000 2,969 FERC 556 - System Control & Load Dispatching Total 36,878 30,732 - - 4,282 4,282 26,450 40,000 2,969 FERC 571 - Maintenance of Overhead Lines Maint of OH Lines SSQ Line Operating Labor & Benefits 50,000 41,667 47,722 - - 47,722 (6,056) 50,000 - Contractual 150,000 125,000 54,879 - - 54,879 70,121 175,000 - Supplies & Materials 20,000 16,667 - - - - 16,667 25,000 - SSQ Line Operating Total 220,000 183,333 102,602 - - 102,602 80,732 250,000 - FERC 571 - Maintenance of Overhead Lines Total 220,000 183,333 102,602 - - 102,602 80,732 250,000 - FERC 920 & 930 - Administrative Expense AEA Bradley Fixed Admin Fees Battle Creek Operating Battle Creek Operating Total - - - - - - - - - SSQ Line Operating Staff Professional Services (Direct)40,000 33,333 - - 5,018 5,018 28,315 15,000 34,357 Travel - - - - 63 63 (63) - 338 Supplies & Materials - - - - 1 1 (1) - 567 Administrative Costs 20,000 16,667 - - 599 599 16,068 - 36,439 SSQ Line Operating Total 60,000 50,000 - - 5,681 5,681 44,319 15,000 71,701 General & Administrative Costs General & Administrative Costs Total - - - - - - - - - Trust & Account Fees SSQ Line Operating Administrative Costs 2,000 1,667 - - 2,000 2,000 (333) 2,000 2,000 SSQ Line Operating Total 2,000 1,667 - - 2,000 2,000 (333) 2,000 2,000 FERC 920 & 930 - Administrative Expense Total 62,000 51,667 - - 7,681 7,681 43,986 17,000 73,701 FERC 928 - Regulatory Commission Expenses FERC Related Prof Services BRADLEY CONTRACTUAL ENGINEER-FERC LICENSE ISSUES Administrative Costs 25,000 20,833 - - - - 20,833 - - BRADLEY CONTRACTUAL ENGINEER-FERC LICENSE ISSUES Total 25,000 20,833 - - - - 20,833 - - FERC 928 - Regulatory Commission Expenses Total 25,000 20,833 - - - - 20,833 - - Total SSQ Line Budget 343,878 286,565 102,602 - 11,962 114,564 172,001 307,000 77,920 - - - - - - - - - ALASKA ENERGY AUTHORITY SSQ LINE OPERATIONS & MAINTENANCE SCHEDULE I BUDGET TO ACTUAL EXPENSES FOR THE PERIOD 07/01/2024 THROUGH 04/30/2025 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 Committed Encumbered Total Actual Costs (Over) / Under Project Budget (Over) / Under Total Funding BRADLEY HEA BESS Preliminary Study 75,000 - 22,473 958 51,569 Oscillation Dampening Service - CEA 16,072,398 - - 584,712 15,487,686 Oscillation Dampening Service - MEA 3,870,839 - - 140,820 3,730,019 Total BESS Capital Projects 24,093,691 20,018,236 - 22,473 726,490 19,269,273 23,344,728 Transmission Required Project Work Bond Series 11 Funded Capital Projects Total Funding Project Budget Committed Encumbered Total Actual Costs (Over) / Under Project Budget (Over) / Under Total Funding SSQ Line Sterling-Qtz Ck 230kV Construction - - 197,299 6,001,660 (6,198,958) Soldotna-Sterling 230kV Construction - - - 752,488 (752,488) BRADLEY Required Project Work Support - - - 136,936 (136,936) Bradley RPW - Bond Series 11 - - - 41,396 (41,396) Total Transmission Capital Projects 80,459,712 - - 197,299 6,932,480 (7,129,779) 73,329,933 GRIP 3 Round 1 Required Project Work Bond Series 11 Funded Projects - HVDC Line Total Funding Project Budget Committed 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 - 219,772 7,658,970 62,139,494 146,674,661 50,000,000 50,000,000 73,329,933 80,459,712 24,093,691 23,344,728 ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT Capital Projects Funded by Bond Proceeds Appendix A 04/30/25 Page 13 of 13 Bradley Operation and Dispatch Committee Report June 20th, 2025 Meeting Dates: May 16th, 2025, and June 13th, 2025 Notable Discussions and Items: □ Transmission and Generation limits and the associated studies Water Tracking & Lake Level: □ As of June 1st, Bradley Lake contained approximately 69,384 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: July 18th, 2025 @ 10am (At Bradley)