HomeMy WebLinkAbout2025-07-25 BPMC Agenda and docsBRADLEY LAKE PROJECT
MANAGEMENT COMMITTEE MEETING
AGENDA July 25, 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 - June 20, 2025
7. NEW BUSINESS
A. Annual Meeting and Election of Officers
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
C. Dixon Diversion Financing
i. EXECUTIVE SESSION – (Bylaws Section 5.11.4(d)) – To discuss matters with an attorney for the Committee or a member of the Committee, the immediate knowledge of which could have an adverse effect on the legal position of the Committee or the Authority. 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(a)) – To discuss (1) confidential financial matters the immediate knowledge of which may have an adverse effect on the Authority or Project.
12. MEMBERS COMMENTSNEXT MEETING DATE – September 19, 2025 (new date)
13. ADJOURNMENT
813 W Northern Lights Blvd, Anchorage, AK 99503 Phone: (907) 771-3000 Fax: (907) 771-3044 Email: info@akenergyauthority.org
REDUCING THE COST OF ENERGY IN ALASKA AKENERGYAUTHORITY.ORG
MEMORANDUM TO: BPMC THROUGH: Curtis Thayer, Executive Director FROM: Jim Mendenhall, P.E., Program Manager
DATE: July 17, 2025
SUBJECT: Cook Inlet Power Link – Update
DOE Information Request
As reported during the June BPMC meeting, the DOE Inspector General’s report flagged
concerns with internal controls in the Grid Deployment Office. In response the DOE followed up
with formal data requests to 179 different projects on May 15th. CIPLink is one of the projects
included in the data request. AEA compiled the requested information and submitted it prior to
the June 16th deadline.
In the early morning hours of June 26th, an email was received from the DOE Process Review team requesting additional financing model information by COB that same day. AEA compiled the request information and submitted it per DOE’s instructions. Confirmation of receipt was received but no further communication has been provided to date from the DOE Process Review Team. DOE Contract Status AEA’s initial award covered a project budget period ending June 30, 2025. A formal “Go” decision recommendation was submitted to DOE on May 9th based on preliminary design documentation confirming the project can be completed on time and within budget. DOE technical staff indicated concurrence with AEA’s recommendation to proceed. A continuation request and cost estimate for Budget Period 2 (July 1, 2025 – June 30, 2027) was submitted to DOE. DOE’s technical and contracting representatives provided verbal confirmation
of support for continuing into Budget Period 2. However, execution of a continuation agreement
is pending authorization from the DOE Process Review Team. As a result, contract execution for
procurement, environmental and FEED-related work has been postponed. Project development
activities are continuing in the interim to remain on schedule.
Environmental Review
Following submission of the Data Request package, a NEPA Environmental Questionnaire was
provided to DOE in support of Budget Period 2 scope of work. A Categorical Exclusion
determination was issued within 10 days, enabling environmental and fieldwork activities to
proceed in Summer 2026.
Alaska Energy Authority Page 2 of 2
Budget Period 2 Activities The anticipated scope of work for Budget Period 2 includes:
• Procurement of supplier arrangements
• Completion of Front-End Engineering and Design (FEED) studies
• Environmental Fieldwork
Financial Status and Cost Share Strategy AEA has secured $64.2 million in combined state appropriations and Bradley bond proceeds. An additional $142.3 million is being sought to fully meet cost share obligations.
To date, $1,207,265 has been expended on the project
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: Bradley Project Management Committee Through: Curtis Thayer, Executive Director
FROM: Ryan McLaughlin, PE, Infrastructure Engineer
DATE: July 21, 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.
Planning efforts underway for late-September drilling and geophysics at Bradley Dam. This will inform seismic stability of the dam and design of the dam raise.
Probable Maximum Flood study is underway and expected to be complete in the fall.
EPS is designing the installation of 3-phase power from powerhouse to the dam. Design will be
a combination of overhead and underground due to extreme wind speeds recorded at Bradley.
Environmental
Aquatic, terrestrial, and cultural resources studies and summer 2025 field season is on schedule,
as per approved Dixon Study Plan.
Stream gaging trip occurred 7/22 to spot measure discharge on Martin River. Salmon surveys and geomorphology fieldwork are occurring next week. Raptor surveys just concluded.
Red Lake video survey preliminary results indicate strongest sockeye run in the three years monitoring has occurred.
Licensing
FERC Draft License Amendment Application (DLAA) on schedule to be submitted in January 2026. License Exhibits A-G in draft.
Budget
AEA received $4MM in FY26 state budget to continue Dixon licensing work. AEA has sufficient funds to support FY26 with availability of Bond Series 11 funds.
1
Bradley Lake Project Management Committee Report on Railbelt
Regional Coordination
July 28, 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 adjourned with minimal activity in this area.
Looking Forward:
The delegation expressed interest in our GRIP proposal and asked what assistance we might need with
permitting, as well as which specific permits we believe may require expedited review.
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
2
continue to oversee the Federal Grant applications process and aid as required in state
and utility match efforts.
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.
AEA DRAFT, 7/22/2025
1
BRADLEY LAKE PROJECT MANAGEMENT COMMITTEE
RESOLUTION NO. 25- XX
INTRODUCTION
The Bradley Lake Project Management Committee (“BPMC”) is responsible for
the management, operation, maintenance, and improvement of the Bradley Lake
Hydroelectric Project (the “Project”), subject to the non-delegable duties of the Alaska
Energy Authority (the “Authority”). The Authority is currently pursuing an amendment to
the Project’s Federal Energy Regulatory Commission (“FERC”) license to include a
diversion of water from the Dixon Glacier to the existing Bradley Lake reservoir to
increase the energy output at the Project (the “Dixon Diversion”).
PURPOSE OF THE RESOLUTION
BPMC Resolution 25-XX sets forth the support of the BPMC for the Authority’s
proposed amendment to the FERC license for the Project and the financing necessary
to complete the Dixon Diversion in order to increase the delivery of sustainable low-cost
clean energy produced by the Project.
BPMC RESOLUTION NO. 25-XX
WHEREAS, the Bradley Lake Project Management Committee (“BPMC”)
receives its authority under the Bradley Lake Hydroelectric Project Agreement for the
Sale and Purchase of Electric Power (“Power Sales Agreement”) by and between
Chugach Electric Association, Inc. ("CEA"), Homer Electric Association, Inc.("HEA"),
Golden Valley Electric Association, Inc. ("GVEA"), Matanuska Electric Association, Inc.
("MEA"), City of Seward d/b/a Seward Electric System ("SES"), Alaska Electric and
Energy Cooperative, Inc.("AEEC") and the Authority.
WHEREAS, the Project is the lowest cost renewable energy generating facility on
the Railbelt Electric System.
WHEREAS, as the Authority pursues a FERC license amendment it is also
evaluating financing options for the Dixon Diversion. The Dixon Diversion is expected to
increase the energy output from Project by approximately~180,000MWh/year, beginning
in the year 2031. The project as proposed sits entirely on state land and efficiently
utilizes existing Project infrastructure.
NOW, THEREFORE, BE IT RESOLVED THAT, the aforementioned comments,
statements and recitals are incorporated and made part of this Resolution No. 25-XX.
BE IT ALSO RESOLVED THAT, the proposed amendment to the Project’s FERC
license includes a diversion of water from the Dixon Glacier to the existing Bradley Lake
reservoir increasing the energy output at the Project and may include the following
components: a diversion dam at the toe of the Dixon Glacier, a pipeline to convey water
AEA DRAFT, 7/22/2025
2
from the Dixon Glacier into Bradley Lake, a new road, and modifications to the existing
Bradley Dam that may raise the pool elevation by 14 feet.
BE IT ALSO RESOLVED THAT, the BPMC supports the Authority as it develops a
financing plan to complete FERC licensing amendments and construction of the Dixon
Diversion. As Project Participants under the Power Sales Agreement each of CEA,
HEA, GVEA, MEA, AEEC and SES agree to accept and pay for the increase in energy
output consistent with their Percentage Share as defined in the Power Sales
Agreement, subject to the following preconditions: (1) the Dixon Diversion shall be
deemed a Required Project Work project under the Power Sales Agreement; (2).the
Required Project Work determination is supported by all necessary industry and
economic opinions; and (3) each Project Participant’s governing board shall authorize
the financing.
DATED at Anchorage Alaska, this _____ day of July 2025
______________________________
Chair, Travis R. Million
Attest : ______________________________
Secretary, Curtis Thayer
Bradley Lake Operators Report Page 1
Bradley Lake Operator Report
BPMC
July 25, 2025
Unit Statistics:
Generation Unit 1 (MWhrs) Unit 2 (MWhrs) Total (MWhrs)
May 2025
June 2025
July *2025
21,717
18,097
11,597
22,295
18,594
11,057
44,012
36,691
22,654
Hydraulics Avg. Lake Level
(ft.)
Bradley Fishwater
(ac ft.)
Battle Creek MIF
(ac ft.)
May 2025
June 2025
July *2025
1,117
1,119
1,133
654
237
830
278.6
400.3
738.7
Battle Creek Inflows to Bradley
(ac ft.)
May 2024
June 2024
July *2025
1495.7
7171.0
7088.0
0.0
*Lake Level – 1,140.1’ As of July 20, 2025
Activities
• Forced Outages – None to report.
• Dam/Spillway – Completed the monthly safety inspections, and power tunnel drain
measurements.
• Battle Creek Diversion – In service.
• Safety – There have been no lost time or reportable accidents for the months of June 2025. A
safety meeting was conducted on July 9, 2025. Next safety meeting will be held on Aug. 13,
2025
• Unit #2 Breaker- EPC will be in on Oct 1, 2025, to do the final mechanical adjustments on
the breaker.
• Fire System- The Fire Marshal has still not completed his review of the Control Room Halon fire
system replacement. The upgrade of the fire alarm system proposal due date has been pushed
out to late August. I have received the bid for the 2014 ARC Flash study refresh.
• Personnel- We currently have one Operator position open.
Contractors/ Visitors
• HEA – Larry Jorgensen & Brad Janorschke for Employee Brief and Safety Meeting.
• EPS- Ben McReynolds Trouble shooting Unit #2 breaker.
• DOWL- 2 Engineers, 1 Bear Guard for wetlands survey.
• AEA- Ryan McLaughlin, FERC Chairperson Judy Chang, Senator Murkowski staffer.
• AEA – 2 Geologists for posable quarry sites.
• Kleinschmidt- Battle Creek field work.
Bradley Lake Operators Report Page 2
Bradley Lake, Level 1,134.2’, July 11, 2025
Bradley Lake Operators Report Page 3
Battle Creek Diversion 11 July 2025
New Fire Hut Being Assembled
Bradley Lake Operators Report Page 4
Alaska Energy Authority
Bradley Lake
Budget to Actual Expenses
07/01/2024 to 06/30/2025
DRAFT
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 84,873
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 1,262,914 948,000 289,857 150,000 381,209
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 06/30/25
Page 2 of 13
ALASKA ENERGY AUTHORITY
BRADLEY LAKE OPERATIONS & MAINTENANCE
SCHEDULE B
BUDGET TO ACTUAL EXPENSES
FOR THE PERIOD 07/01/2024 THROUGH 06/30/2025
FY 25 FY 24
FY25 Approved
Budget
BUDGET %
07/01/2024 -
06/30/2025 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) 312,585 312,585 - - 462,854 462,854 (150,269) 387,700 325,581
Labor & Benefits 2,054,317 2,054,317 1,061,375 41,957 232,007 1,335,338 718,979 2,023,067 1,763,168
Travel 51,500 51,500 1,433 3,096 48,055 52,584 (1,084) 78,500 23,515
Training 55,000 55,000 3,990 - 3,221 7,211 47,789 50,000 10,238
Contractual 1,243,010 1,243,010 722,506 - 329,296 1,051,801 191,209 1,181,381 917,237
Consulting-Administrative 315,000 315,000 - - 46,054 46,054 268,946 265,000 236,601
Supplies & Materials 378,500 378,500 180,649 9,034 8,985 198,667 179,833 330,332 166,554
Other Costs 112,718 112,718 55,498 26,685 6,212 88,395 24,323 79,318 62,747
Equipment, Furniture & Machinery 35,000 35,000 13,336 - 2,754 16,090 18,910 165,000 159,553
Administrative Costs 1,978,224 1,978,224 63,557 - 1,672,368 1,735,925 242,299 1,553,800 1,807,663
Indirect Costs 1,480,105 1,480,105 1,245,688 - - 1,245,688 234,417 1,480,105 1,315,396
O&M 4% Allocation to Battle Creek (320,638) (320,638) - - - - (320,638) (303,768) -
Total Bradley Lake Budget 7,695,321 7,695,321 3,348,030 80,772 2,811,804 6,240,606 1,454,714 7,290,435 6,788,254
FERC 535 - Operation Supervision & Engineering
Operations Sup/Eng
Bradley Lake Operating
Labor & Benefits 105,451 105,451 93,480 - - 93,480 11,971 105,451 106,921
Travel 5,000 5,000 610 - 59 668 4,332 5,000 1,972
Training 5,000 5,000 - - - - 5,000 5,000 581
Contractual 3,000 3,000 407 - - 407 2,593 3,000 -
Supplies & Materials 4,000 4,000 - - - - 4,000 4,000 233
Indirect Costs 155,698 155,698 131,031 - - 131,031 24,667 155,698 149,004
Bradley Lake Operating Total 278,149 278,149 225,528 - 59 225,587 52,562 278,149 258,711
FERC 535 - Operation Supervision & Engineering Total 278,149 278,149 225,528 - 59 225,587 52,562 278,149 258,711
FERC 537 - Hydraulic Expenses
Hydraulic Expenses
Bradley Lake Operating
Labor & Benefits 95,262 95,262 73,341 - - 73,341 21,921 95,262 72,310
Contractual - - - - - - - 60,000 -
Supplies & Materials 4,000 4,000 1,729 - - 1,729 2,271 2,000 2,461
Indirect Costs 109,250 109,250 100,375 - - 100,375 8,875 109,250 100,356
Bradley Lake Operating Total 208,512 208,512 175,445 - - 175,445 33,067 266,512 175,127
FERC 537 - Hydraulic Expenses Total 208,512 208,512 175,445 - - 175,445 33,067 266,512 175,127
FERC 538 - Electric Expenses
Electric Expenses
Bradley Lake Operating
Labor & Benefits 218,044 218,044 211,953 - - 211,953 6,091 218,044 211,756
Travel 7,000 7,000 293 - - 293 6,707 7,000 209
Training 30,000 30,000 3,990 - - 3,990 26,010 30,000 9,514
Contractual 10,000 10,000 5,255 - - 5,255 4,745 5,000 2,506
Supplies & Materials 18,500 18,500 906 - - 906 17,594 13,732 11,183
Indirect Costs 262,004 262,004 248,485 - - 248,485 13,519 262,004 246,564
Bradley Lake Operating Total 545,548 545,548 470,882 - - 470,882 74,666 535,780 481,731
FERC 538 - Electric Expenses Total 545,548 545,548 470,882 - - 470,882 74,666 535,780 481,731
FERC 539 - Misc. Hydraulic Power Generation Expenses
Misc Hydro Power Exp
Bradley Lake Operating
Labor & Benefits 107,742 107,742 73,835 - - 73,835 33,907 105,742 82,466
Training 20,000 20,000 - - - - 20,000 15,000 -
Contractual 385,067 385,067 391,646 - - 391,646 (6,579) 360,067 398,523
Supplies & Materials 25,000 25,000 42,835 - - 42,835 (17,835) 25,000 34,014
Equipment, Furniture & Machinery - - 2,563 - - 2,563 (2,563) - -
Indirect Costs 114,320 114,320 103,325 - - 103,325 10,995 114,320 114,239
Bradley Lake Operating Total 652,129 652,129 614,205 - - 614,205 37,924 620,129 629,241
BRADLEY CIRCUITS/RADIO TO BERNICE LK
Other Costs 35,695 35,695 31,412 - - 31,412 4,283 35,695 34,268
BRADLEY CIRCUITS/RADIO TO BERNICE LK Total 35,695 35,695 31,412 - - 31,412 4,283 35,695 34,268
BRADLEY CIRCUITS BERNICE LK TO ANCH
Other Costs 29,773 29,773 - 26,570 - 26,570 3,203 29,773 28,239
BRADLEY CIRCUITS BERNICE LK TO ANCH Total 29,773 29,773 - 26,570 - 26,570 3,203 29,773 28,239
LOWER BRADLEY CIRCUITS/RADIO TO BARGE DOCK
Other Costs 45,000 45,000 24,085 - - 24,085 20,915 - -
LOWER BRADLEY CIRCUITS/RADIO TO BARGE DOCK Total 45,000 45,000 24,085 - - 24,085 20,915 - -
FERC 539 - Misc. Hydraulic Power Generation Expenses Total 762,597 762,597 669,702 26,570 - 696,272 66,325 685,597 691,748
FERC 541 - Maintenance Supervision & Engineering
Maint Supervision/Eng
Bradley Lake Operating
Labor & Benefits 110,451 110,451 97,934 - - 97,934 12,517 110,451 112,706
Indirect Costs 155,698 155,698 131,031 - - 131,031 24,667 155,698 149,940
Bradley Lake Operating Total 266,149 266,149 228,965 - - 228,965 37,184 266,149 262,645
FERC 541 - Maintenance Supervision & Engineering Total 266,149 266,149 228,965 - - 228,965 37,184 266,149 262,645
FERC 542 - Maintenance of Structures
Maintenance of Structures
Default
Default Total - - - - - - - - -
Bradley Lake Operating
Labor & Benefits 89,710 89,710 63,650 - - 63,650 26,060 89,710 70,851
Contractual 126,000 126,000 103,030 - - 103,030 22,970 56,000 43,732
Supplies & Materials 70,000 70,000 28,200 - - 28,200 41,800 78,000 20,423
Equipment, Furniture & Machinery 20,000 20,000 10,772 - - 10,772 9,228 15,000 19,772
Indirect Costs 102,350 102,350 87,971 - - 87,971 14,379 102,350 95,457
Bradley Lake Operating Total 408,060 408,060 293,624 - - 293,624 114,436 341,060 250,235
FERC 542 - Maintenance of Structures Total 408,060 408,060 293,624 - - 293,624 114,436 341,060 250,235
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 06/30/2025
FY 25 FY 24
FY25 Approved
Budget
BUDGET %
07/01/2024 -
06/30/2025 HEA Actual CEA Actual AEA Actual Total Actual
(Over) Under
Budget to Date
FY24 Approved
Budget FY24 Actual
Labor & Benefits 51,783 51,783 12,184 - - 12,184 39,599 51,783 6,012
Contractual 39,500 39,500 41,306 - - 41,306 (1,806) 6,500 -
Supplies & Materials 85,000 85,000 - - - - 85,000 20,000 -
Equipment, Furniture & Machinery 15,000 15,000 - - - - 15,000 - -
Indirect Costs 58,650 58,650 14,657 - - 14,657 43,993 58,650 8,664
Bradley Lake Operating Total 249,933 249,933 68,147 - - 68,147 181,786 136,933 14,675
BRADLEY POWER TUNNEL MAINT (Dam)
Contractual 15,000 15,000 - - - - 15,000 15,000 -
BRADLEY POWER TUNNEL MAINT (Dam) Total 15,000 15,000 - - - - 15,000 15,000 -
FERC 543 - Maintenance of Reservoirs, Dams & Waterways Total 264,933 264,933 68,147 - - 68,147 196,786 151,933 14,675
FERC 544 - Maintenance of Electric Plant
Maintenance of Elec Plant
Bradley Lake Operating
Labor & Benefits 309,110 309,110 243,988 - - 243,988 65,122 309,110 259,650
Travel 4,500 4,500 530 - - 530 3,970 4,500 354
Contractual 75,000 75,000 60,276 - - 60,276 14,724 40,000 51,632
Supplies & Materials 40,000 40,000 25,645 - - 25,645 14,355 40,000 36,163
Indirect Costs 423,178 423,178 340,626 - - 340,626 82,552 423,178 360,486
Bradley Lake Operating Total 851,788 851,788 671,066 - - 671,066 180,722 816,788 708,284
FERC 544 - Maintenance of Electric Plant Total 851,788 851,788 671,066 - - 671,066 180,722 816,788 708,284
FERC 545 - Maintenance of Misc. Hydraulic Plant
Maint of Misc Hydr Plant
Bradley Lake Operating
Labor & Benefits 69,297 69,297 63,602 - - 63,602 5,695 69,297 65,189
Contractual 45,000 45,000 38,420 - - 38,420 6,580 45,000 74,760
Supplies & Materials 68,000 68,000 52,100 - - 52,100 15,900 68,000 53,871
Equipment, Furniture & Machinery - - - - - - - 150,000 139,780
Indirect Costs 98,957 98,957 88,187 - - 88,187 10,770 98,957 90,687
Bradley Lake Operating Total 281,254 281,254 242,309 - - 242,309 38,945 431,254 424,287
FERC 545 - Maintenance of Misc. Hydraulic Plant Total 281,254 281,254 242,309 - - 242,309 38,945 431,254 424,287
FERC 556 - System Control & Load Dispatching
System Cntl & Load Disp
Bradley Lake Operating
Labor & Benefits 20,174 20,174 22,797 - - 22,797 (2,623) 20,174 11,901
Contractual 103,500 103,500 49,018 - - 49,018 54,482 85,500 44,724
Supplies & Materials 12,000 12,000 768 - - 768 11,232 12,000 438
Bradley Lake Operating Total 135,674 135,674 72,584 - - 72,584 63,090 117,674 57,063
Snow Measurement
Bradley Lake Operating
Contractual 10,000 10,000 - - 9,600 9,600 400 10,000 9,600
Bradley Lake Operating Total 10,000 10,000 - - 9,600 9,600 400 10,000 9,600
Seismic Service
Bradley Lake Operating
Contractual 64,868 64,868 - - 62,722 62,722 2,146 62,000 60,755
Bradley Lake Operating Total 64,868 64,868 - - 62,722 62,722 2,146 62,000 60,755
Streamguaging Serv
Bradley Lake Operating
Contractual 216,275 216,275 - - 256,974 256,974 (40,699) 278,014 151,920
Bradley Lake Operating Total 216,275 216,275 - - 256,974 256,974 (40,699) 278,014 151,920
Permits
Bradley Lake Operating
Other Costs 350 350 - - 240 240 110 350 240
Bradley Lake Operating Total 350 350 - - 240 240 110 350 240
FERC 556 - System Control & Load Dispatching Total 427,167 427,167 72,584 - 329,536 402,119 25,048 468,038 279,578
FERC 562 - Station Expenses
Station Expenses
Bradley Lake Operating
Labor & Benefits 96,612 96,612 92,725 41,957 - 134,681 (38,069) 102,043 162,103
Travel 2,500 2,500 - 3,096 - 3,096 (596) 3,500 336
Contractual 79,800 79,800 33,147 - - 33,147 46,653 80,300 79,087
Supplies & Materials 23,000 23,000 16,500 9,034 - 25,534 (2,534) 19,600 5,501
Other Costs 1,900 1,900 - 115 - 115 1,785 1,500 -
Bradley Lake Operating Total 203,812 203,812 142,372 54,202 - 196,573 7,239 206,943 247,026
FERC 562 - Station Expenses Total 203,812 203,812 142,372 54,202 - 196,573 7,239 206,943 247,026
#N/A
Maintenance of Station Equip
Bradley Lake Operating
Bradley Lake Operating Total - - - - - - - - -
#N/A - - - - - - - - -
FERC 571 - Maintenance of Overhead Lines
Maint of OH Lines
Bradley Lake Operating
Labor & Benefits 36,500 36,500 11,885 - - 11,885 24,615 16,000 52,998
Contractual 70,000 70,000 - - - - 70,000 75,000 -
Supplies & Materials 20,000 20,000 11,965 - - 11,965 8,035 30,000 -
Bradley Lake Operating Total 126,500 126,500 23,850 - - 23,850 102,650 121,000 52,998
FERC 571 - Maintenance of Overhead Lines Total 126,500 126,500 23,850 - - 23,850 102,650 121,000 52,998
FERC 920 & 930 - Administrative Expense
AEA Bradley Fixed Admin Fees
Bradley Lake Operating
Staff Professional Services (Direct) 312,585 312,585 - - 462,854 462,854 (150,269) 387,700 325,581
Travel - - - - 45,929 45,929 (45,929) - 20,643
Training - - - - 3,221 3,221 (3,221) - 144
Consulting-Administrative - - - - 1,774 1,774 (1,774) - 17,374
Supplies & Materials - - - - 8,985 8,985 (8,985) - 2,268
Other Costs - - - - 5,972 5,972 (5,972) - -
Equipment, Furniture & Machinery - - - - 2,754 2,754 (2,754) - -
Page 4 of 13
ALASKA ENERGY AUTHORITY
BRADLEY LAKE OPERATIONS & MAINTENANCE
SCHEDULE B
BUDGET TO ACTUAL EXPENSES
FOR THE PERIOD 07/01/2024 THROUGH 06/30/2025
FY 25 FY 24
FY25 Approved
Budget
BUDGET %
07/01/2024 -
06/30/2025 HEA Actual CEA Actual AEA Actual Total Actual
(Over) Under
Budget to Date
FY24 Approved
Budget FY24 Actual
Administrative Costs 172,500 172,500 - - 346,954 346,954 (174,454) 2,500 186,707
Bradley Lake Operating Total 485,085 485,085 - - 878,442 878,442 (393,357) 390,200 552,716
General & Administrative Costs
General & Administrative Costs Total - - - - - - - - -
Operating Committee Exp-Audit
Bradley Lake Operating
Administrative Costs 41,000 41,000 - - 38,534 38,534 2,466 22,000 35,030
Bradley Lake Operating Total 41,000 41,000 - - 38,534 38,534 2,466 22,000 35,030
Operating Committee Exp-Legal
Bradley Lake Operating
Administrative Costs 80,000 80,000 - - 114,438 114,438 (34,438) 80,000 149,198
Bradley Lake Operating Total 80,000 80,000 - - 114,438 114,438 (34,438) 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 13,000 - - 14,588 14,588 (1,588) 13,000 14,110
Bradley Lake Operating Total 13,000 13,000 - - 14,588 14,588 (1,588) 13,000 14,110
Professional Consultants
Bradley Lake Operating
Labor & Benefits 744,181 744,181 - - 232,007 232,007 512,175 730,000 548,307
Travel 32,500 32,500 - - 2,068 2,068 30,432 58,500 -
Supplies & Materials 9,000 9,000 - - - - 9,000 18,000 -
Other Costs - - - - - - - 12,000 -
Bradley Lake Operating Total 785,681 785,681 - - 234,074 234,074 551,607 818,500 548,307
FERC 920 & 930 - Administrative Expense Total 1,404,766 1,404,766 - - 1,280,076 1,280,076 124,690 1,336,700 1,299,363
FERC 924 & 925 - Insurance Premiums
Insurance Premiums
Bradley Lake Operating
Administrative Costs 1,371,724 1,371,724 63,557 - 1,098,815 1,162,372 209,352 1,138,300 1,219,190
Bradley Lake Operating Total 1,371,724 1,371,724 63,557 - 1,098,815 1,162,372 209,352 1,138,300 1,219,190
FERC 924 & 925 - Insurance Premiums Total 1,371,724 1,371,724 63,557 - 1,098,815 1,162,372 209,352 1,138,300 1,219,190
FERC 923 - Outside Services Employed
Outside Services Employed
Bradley Lake Operating
Consulting-Administrative 315,000 315,000 - - 44,280 44,280 270,720 265,000 219,228
Bradley Lake Operating Total 315,000 315,000 - - 44,280 44,280 270,720 265,000 219,228
FERC 923 - Outside Services Employed Total 315,000 315,000 - - 44,280 44,280 270,720 265,000 219,228
FERC 928 - Regulatory Commission Expenses
FERC Admin Fees
Bradley Lake Operating
Administrative Costs 180,000 180,000 - - - - 180,000 165,000 155,391
Bradley Lake Operating Total 180,000 180,000 - - - - 180,000 165,000 155,391
FERC Related Prof Services
Bradley Lake Operating
Bradley Lake Operating Total - - - - - - - - -
BRADLEY CONTRACTUAL ENGINEER-FERC LICENSE ISSUES
Administrative Costs 120,000 120,000 - - 59,039 59,039 60,961 120,000 48,036
BRADLEY CONTRACTUAL ENGINEER-FERC LICENSE ISSUES Total 120,000 120,000 - - 59,039 59,039 60,961 120,000 48,036
FERC 928 - Regulatory Commission Expenses Total 300,000 300,000 - - 59,039 59,039 240,961 285,000 203,427
O&M 4% Allocation to Battle Creek (320,638) (320,638) - - - - (320,638) (303,768) -
Total Bradley Lake Budget 7,695,321 7,695,321 3,348,030 80,772 2,811,804 6,240,606 1,454,714 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 75,156 1,075,440 -
Spillway Raise & Expansion Project (aka Dixon Diversion)**661,472 1,208,731 1,500,000 175,651 1,384,381 252,000 776,166 2,160,547 839,270
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 2,355,849 37,654,030 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) (157,748)
Net Transfer from Revenue Fund (2,857,925) (3,584,851) (2,738,556)
Cumulative Prior Years R&C Repayments (29,808,017) (31,677,137) (33,746,653)
Due to (from) Utilities 988,805 1,515,335 1,401,786
Adjust Due to R&C Actual - - -
(28,819,211) (30,161,802) (32,344,867)
NET DUE TO R&C FUND 2,407,851 1,551,528 2,570,608
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 100,912 246,205 157,748
Participants Contributions to R&C Fund 2,757,013 3,338,646 2,580,808
Ending Investment Balance 4,370,333 6,177,000 6,187,027
Accrued Due to (from) Utilities (988,805) (1,515,335) (1,401,786)
R&C payable back to the revenue fund - - -
Accrued R&C vendor Payable at Year End (789,379) (1,213,194) (2,355,849)
PROJECTED NET DUE + ENDING INVESTMENT BALANCE 5,000,000 5,000,000 5,000,000
**Spillway Raise & Expansion Project (aka Dixon Diversion)
Budget Committed Encumbered Actuals Variance
Bradley Lake R&C Fund 2,300,000 12,280 126,732 2,160,988 -
REF Grant (CEA) 1,000,000 - 315,640 684,360 -
State Hydro Development 5,000,000 120,000 662,284 4,217,716 -
State Railbelt 1,379,700 - 642,720 208,741 528,239
Bond Series 11 Interest 6,000,000 - - 2,023 5,997,977
Total Project Cost at 06/30/25 15,679,700 132,280 1,747,376 7,273,828 6,526,216
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 588,962
1,869,230 2,069,516 1,336,770
BRADLEY LAKE
R&C FUND DISBURSEMENTS AND REPAYMENTS
SCHEDULE D
Expenses for the period 07/01/24 to 06/30/25
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 06/30/25
Page 7 of 13
BATTLE CREEK OPERATIONS & MAINTENANCE
SCHEDULE F
BUDGET TO ACTUAL EXPENSES
FOR THE PERIOD 07/01/2024 THROUGH 06/30/2025
FY 25 FY 24
FY25 Approved
Budget
BUDGET %
07/01/2024 -
06/30/2025 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 50,000 - - 42,618 42,618 7,382 50,000 48,886
Labor & Benefits 10,000 10,000 44,224 1,748 9,667 55,639 (45,639) - 73,465
Travel - - 60 129 2,867 3,056 (3,056) - 1,411
Training - - 166 - 134 300 (300) - 427
Contractual 201,300 201,300 29,788 - 109,738 139,526 61,774 125,000 154,741
Consulting-Administrative - - - - 1,919 1,919 (1,919) - 9,858
Supplies & Materials 5,000 5,000 7,527 376 267 8,171 (3,171) - 6,940
Other Costs - - 2,312 1,112 259 3,683 (3,683) - 2,614
Equipment, Furniture & Machinery - - 556 - 115 670 (670) - 6,648
Administrative Costs 14,000 14,000 2,648 - 69,716 72,364 (58,364) 11,500 81,420
Indirect Costs - - 51,904 - - 51,904 (51,904) - 54,808
O&M 4% Allocation to Battle Creek 320,638 320,638 - - - - 320,638 303,768 -
Total Battle Creek Budget 600,938 600,938 139,185 3,365 237,301 379,851 221,087 490,268 441,218
FERC 535 - Operation Supervision & Engineering
Operations Sup/Eng
Battle Creek Operating
Labor & Benefits 1,500 1,500 3,895 - - 3,895 (2,395) - 4,455
Travel - - 25 - 2 28 (28) - 82
Training - - - - - - - - 24
Contractual - - 17 - - 17 (17) - -
Supplies & Materials 1,000 1,000 - - - - 1,000 - 10
Indirect Costs - - 5,460 - - 5,460 (5,460) - 6,209
Battle Creek Operating Total 2,500 2,500 9,397 - 2 9,399 (6,899) - 10,780
FERC 535 - Operation Supervision & Engineering Total 2,500 2,500 9,397 - 2 9,399 (6,899) - 10,780
FERC 537 - Hydraulic Expenses
Hydraulic Expenses
Battle Creek Operating
Labor & Benefits 1,500 1,500 3,056 - - 3,056 (1,556) - 3,013
Contractual 145,000 145,000 - - 96,484 96,484 48,516 70,000 62,923
Supplies & Materials 1,000 1,000 72 - - 72 928 - 103
Indirect Costs - - 4,182 - - 4,182 (4,182) - 4,182
Battle Creek Operating Total 147,500 147,500 7,310 - 96,484 103,795 43,705 70,000 70,220
FERC 537 - Hydraulic Expenses Total 147,500 147,500 7,310 - 96,484 103,795 43,705 70,000 70,220
FERC 538 - Electric Expenses
Electric Expenses
Battle Creek Operating
Labor & Benefits 1,500 1,500 8,831 - - 8,831 (7,331) - 8,823
Travel - - 12 - - 12 (12) - 9
Training - - 166 - - 166 (166) - 396
Contractual - - 219 - - 219 (219) - 104
Supplies & Materials 1,000 1,000 38 - - 38 962 - 466
Indirect Costs - - 10,354 - - 10,354 (10,354) - 10,273
Battle Creek Operating Total 2,500 2,500 19,620 - - 19,620 (17,120) - 20,072
FERC 538 - Electric Expenses Total 2,500 2,500 19,620 - - 19,620 (17,120) - 20,072
FERC 539 - Misc. Hydraulic Power Generation Expenses
Misc Hydro Power Exp
Battle Creek Operating
Labor & Benefits 1,500 1,500 3,076 - - 3,076 (1,576) - 3,436
Contractual - - 16,319 - - 16,319 (16,319) - 16,605
Supplies & Materials 1,000 1,000 1,785 - - 1,785 (785) - 1,417
Other Costs - - 2,312 1,107 - 3,419 (3,419) - 2,604
Equipment, Furniture & Machinery - - 107 - - 107 (107) - -
Indirect Costs - - 4,305 - - 4,305 (4,305) - 4,760
Battle Creek Operating Total 2,500 2,500 27,904 1,107 - 29,011 (26,511) - 28,823
FERC 539 - Misc. Hydraulic Power Generation Expenses Total 2,500 2,500 27,904 1,107 - 29,011 (26,511) - 28,823
FERC 541 - Maintenance Supervision & Engineering
Maint Supervision/Eng
Battle Creek Operating
Labor & Benefits 2,500 2,500 4,081 - - 4,081 (1,581) - 4,696
Indirect Costs - - 5,460 - - 5,460 (5,460) - 6,247
Battle Creek Operating Total 2,500 2,500 9,540 - - 9,540 (7,040) - 10,944
FERC 541 - Maintenance Supervision & Engineering Total 2,500 2,500 9,540 - - 9,540 (7,040) - 10,944
FERC 542 - Maintenance of Structures
Maintenance of Structures
Battle Creek Operating
Labor & Benefits 1,500 1,500 2,652 - - 2,652 (1,152) - 2,952
Contractual - - 4,293 - - 4,293 (4,293) - 1,822
Supplies & Materials 1,000 1,000 1,175 - - 1,175 (175) - 851
Equipment, Furniture & Machinery - - 449 - - 449 (449) - 824
Indirect Costs - - 3,665 - - 3,665 (3,665) - 3,977
Battle Creek Operating Total 2,500 2,500 12,234 - - 12,234 (9,734) - 10,426
FERC 542 - Maintenance of Structures Total 2,500 2,500 12,234 - - 12,234 (9,734) - 10,426
FERC 543 - Maintenance of Reservoirs, Dams & Waterways
Maint Res, Dams, WWays
Battle Creek Operating
Labor & Benefits - - 508 - - 508 (508) - 250
Contractual - - 1,721 - - 1,721 (1,721) - -
Indirect Costs - - 611 - - 611 (611) - 361
Battle Creek Operating Total - - 2,839 - - 2,839 (2,839) - 611
FERC 543 - Maintenance of Reservoirs, Dams & Waterways Total - - 2,839 - - 2,839 (2,839) - 611
FERC 544 - Maintenance of Electric Plant
Maintenance of Elec Plant
Battle Creek Operating
Labor & Benefits - - 10,166 - - 10,166 (10,166) - 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 06/30/2025
FY 25 FY 24
FY25 Approved
Budget
BUDGET %
07/01/2024 -
06/30/2025 HEA Actual CEA Actual AEA Actual Total Actual
(Over) Under
Budget to Date
FY24 Approved
Budget FY24 Actual
ALASKA ENERGY AUTHORITY
Supplies & Materials - - 1,069 - - 1,069 (1,069) - 1,507
Indirect Costs - - 14,193 - - 14,193 (14,193) - 15,020
Battle Creek Operating Total - - 27,961 - - 27,961 (27,961) - 29,512
FERC 544 - Maintenance of Electric Plant Total - - 27,961 - - 27,961 (27,961) - 29,512
FERC 545 - Maintenance of Misc. Hydraulic Plant
Maint of Misc Hydr Plant
Battle Creek Operating
Labor & Benefits - - 2,650 - - 2,650 (2,650) - 2,716
Contractual - - 1,601 - - 1,601 (1,601) - 3,115
Supplies & Materials - - 2,171 - - 2,171 (2,171) - 2,245
Equipment, Furniture & Machinery - - - - - - - - 5,824
Indirect Costs - - 3,674 - - 3,674 (3,674) - 3,779
Battle Creek Operating Total - - 10,096 - - 10,096 (10,096) - 17,679
FERC 545 - Maintenance of Misc. Hydraulic Plant Total - - 10,096 - - 10,096 (10,096) - 17,679
FERC 556 - System Control & Load Dispatching
System Cntl & Load Disp
Battle Creek Operating
Labor & Benefits - - 950 - - 950 (950) - 496
Contractual - - 2,042 - - 2,042 (2,042) - 1,864
Supplies & Materials - - 32 - - 32 (32) - 18
Battle Creek Operating Total - - 3,024 - - 3,024 (3,024) - 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 - - - - 2,146 2,146 (2,146) - 2,531
Battle Creek Operating Total - - - - 2,146 2,146 (2,146) - 2,531
Streamguaging Serv
Battle Creek Operating
Contractual 56,300 56,300 - - 10,707 10,707 45,593 55,000 59,930
Battle Creek Operating Total 56,300 56,300 - - 10,707 10,707 45,593 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 56,300 3,024 - 13,263 16,288 40,012 55,000 65,249
FERC 562 - Station Expenses
Station Expenses
Battle Creek Operating
Labor & Benefits - - 3,864 1,748 - 5,612 (5,612) - 6,754
Travel - - - 129 - 129 (129) - 14
Contractual - - 1,065 - - 1,065 (1,065) - 3,295
Supplies & Materials - - 688 376 - 1,064 (1,064) - 229
Other Costs - - - 5 - 5 (5) - -
Battle Creek Operating Total - - 5,616 2,258 - 7,874 (7,874) - 10,293
FERC 562 - Station Expenses Total - - 5,616 2,258 - 7,874 (7,874) - 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 50,000 - - 42,618 42,618 7,382 50,000 48,886
Travel - - - - 2,779 2,779 (2,779) - 1,291
Training - - - - 134 134 (134) - 6
Consulting-Administrative - - - - 74 74 (74) - 724
Supplies & Materials - - - - 267 267 (267) - 94
Other Costs - - - - 249 249 (249) - -
Equipment, Furniture & Machinery - - - - 115 115 (115) - -
Administrative Costs - - - - 14,456 14,456 (14,456) - 7,793
Battle Creek Operating Total 50,000 50,000 - - 60,693 60,693 (10,693) 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 5,000 - - 4,768 4,768 232 5,000 6,217
Battle Creek Operating Total 5,000 5,000 - - 4,768 4,768 232 5,000 6,217
Operat Committee Exp-Arbitrage
Battle Creek Operating
Administrative Costs 2,500 2,500 - - - - 2,500 - 1,690
Battle Creek Operating Total 2,500 2,500 - - - - 2,500 - 1,690
Trust & Account Fees
Battle Creek Operating
Administrative Costs 5,500 5,500 - - 4,400 4,400 1,100 5,500 4,170
Battle Creek Operating Total 5,500 5,500 - - 4,400 4,400 1,100 5,500 4,170
Misc Admin
Battle Creek Operating
Administrative Costs 1,000 1,000 - - 608 608 392 1,000 588
Battle Creek Operating Total 1,000 1,000 - - 608 608 392 1,000 588
Page 9 of 13
BATTLE CREEK OPERATIONS & MAINTENANCE
SCHEDULE F
BUDGET TO ACTUAL EXPENSES
FOR THE PERIOD 07/01/2024 THROUGH 06/30/2025
FY 25 FY 24
FY25 Approved
Budget
BUDGET %
07/01/2024 -
06/30/2025 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 - - - - 9,667 9,667 (9,667) - 22,846
Travel - - - - 86 86 (86) - -
Battle Creek Operating Total - - - - 9,753 9,753 (9,753) - 22,846
FERC 920 & 930 - Administrative Expense Total 64,000 64,000 - - 81,827 81,827 (17,827) 61,500 95,764
FERC 924 & 925 - Insurance Premiums
Insurance Premiums
Battle Creek Operating
Administrative Costs - - 2,648 - 41,418 44,066 (44,066) - 50,800
Battle Creek Operating Total - - 2,648 - 41,418 44,066 (44,066) - 50,800
FERC 924 & 925 - Insurance Premiums Total - - 2,648 - 41,418 44,066 (44,066) - 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 320,638 320,638 - - - - 320,638 303,768 -
Total Battle Creek Budget 600,938 600,938 139,185 3,365 237,301 379,851 221,087 490,268 441,218
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 06/30/25
Page 11 of 13
FY 25 FY 24
FY25 Approved
Budget
BUDGET %
07/01/2024 -
06/30/2025 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 40,000 - - 6,643 6,643 33,357 15,000 34,357
Labor & Benefits 50,000 50,000 47,722 - - 47,722 2,278 50,000 -
Travel - - - - 63 63 (63) - 338
Contractual 150,000 150,000 54,879 - - 54,879 95,121 175,000 -
Permitting 36,878 36,878 - - 38,252 38,252 (1,374) 40,000 2,969
Supplies & Materials 20,000 20,000 - - 52 52 19,948 25,000 567
Other Costs - - - - - - - - 1,250
Administrative Costs 47,000 47,000 - - 3,882 3,882 43,118 2,000 38,439
Total SSQ Line Budget 343,878 343,878 102,602 - 48,891 151,493 192,385 307,000 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 36,878 - - 38,252 38,252 (1,374) 40,000 2,969
SSQ Line Operating Total 36,878 36,878 - - 38,252 38,252 (1,374) 40,000 2,969
FERC 556 - System Control & Load Dispatching Total 36,878 36,878 - - 38,252 38,252 (1,374) 40,000 2,969
#N/A
Maintenance of Station Equip
SSQ Line Operating
SSQ Line Operating Total - - - - - - - - -
#N/A - - - - - - - - -
FERC 571 - Maintenance of Overhead Lines
Maint of OH Lines
SSQ Line Operating
Labor & Benefits 50,000 50,000 47,722 - - 47,722 2,278 50,000 -
Contractual 150,000 150,000 54,879 - - 54,879 95,121 175,000 -
Supplies & Materials 20,000 20,000 - - - - 20,000 25,000 -
SSQ Line Operating Total 220,000 220,000 102,602 - - 102,602 117,398 250,000 -
FERC 571 - Maintenance of Overhead Lines Total 220,000 220,000 102,602 - - 102,602 117,398 250,000 -
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 40,000 - - 6,643 6,643 33,357 15,000 34,357
Travel - - - - 63 63 (63) - 338
Supplies & Materials - - - - 52 52 (52) - 567
Administrative Costs 20,000 20,000 - - 1,882 1,882 18,118 - 36,439
SSQ Line Operating Total 60,000 60,000 - - 8,639 8,639 51,361 15,000 71,701
General & Administrative Costs
General & Administrative Costs Total - - - - - - - - -
Trust & Account Fees
SSQ Line Operating
Administrative Costs 2,000 2,000 - - 2,000 2,000 - 2,000 2,000
SSQ Line Operating Total 2,000 2,000 - - 2,000 2,000 - 2,000 2,000
FERC 920 & 930 - Administrative Expense Total 62,000 62,000 - - 10,639 10,639 51,361 17,000 73,701
FERC 928 - Regulatory Commission Expenses
FERC Related Prof Services
BRADLEY CONTRACTUAL ENGINEER-FERC LICENSE ISSUES
Administrative Costs 25,000 25,000 - - - - 25,000 - -
BRADLEY CONTRACTUAL ENGINEER-FERC LICENSE ISSUES Total 25,000 25,000 - - - - 25,000 - -
FERC 928 - Regulatory Commission Expenses Total 25,000 25,000 - - - - 25,000 - -
Total SSQ Line Budget 343,878 343,878 102,602 - 48,891 151,493 192,385 307,000 77,920
ALASKA ENERGY AUTHORITY
SSQ LINE OPERATIONS & MAINTENANCE
SCHEDULE I
BUDGET TO ACTUAL EXPENSES
FOR THE PERIOD 07/01/2024 THROUGH 06/30/2025
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 - - 763,294 15,309,104
Oscillation Dampening Service - MEA 3,870,839 - - 183,829 3,687,010
Total BESS Capital Projects 24,093,691 20,018,236 - 22,473 948,081 19,047,682 23,123,137
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 - - 88,999 12,977,022 (13,066,021)
Soldotna-Sterling 230kV Construction - - - 922,984 (922,984)
BRADLEY Required Project Work Support - - - 148,542 (148,542)
Bradley RPW - Bond Series 11 - - - 41,803 (41,803)
Total Transmission Capital Projects 80,459,712 - - 88,999 14,090,352 (14,179,350) 66,280,362
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 - 111,472 15,038,433 54,868,332 139,403,498
ALASKA ENERGY AUTHORITY
BRADLEY LAKE HYDROELECTRIC PROJECT
Capital Projects Funded by Bond Proceeds
Appendix A
06/30/25
50,000,000 50,000,000
66,280,362 80,459,712
24,093,691 23,123,137
Page 13 of 13
Bradley Operation and Dispatch Committee Report
July 25, 2025
Meeting Dates:
July 18th, 2025 at the project
Notable Discussions and Items:
□ Transmission and Generation limits and the associated studies
□ Discussion on the assignment on SS and SSQ schedules and cost
Water Tracking & Lake Level:
□ As of July 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 are working on the development of work scope for best practice
analysis.
□ SS and SSQ line schedule and cost review
Next Meeting:
August 22nd, 2025 @ 10am