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HomeMy WebLinkAbout2025-03-21 BPMC Agenda and docs BRADLEY LAKE PROJECT MANAGEMENT COMMITTEE MEETING AGENDA March 21, 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 – February 14, 2025 7. NEW BUSINESS A. FY26 BPMC Budget 8. OLD BUSINESS A. Grip 3, Phase 1 Update Jim Mendenhall B. Railbelt Regional Coordination Update Brian Hickey 9. OPERATORS REPORT HEA 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 – May 2, 2025 14. ADJOURNMENT ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT FY2026 PROPOSED BUDGET DATE: MARCH 21, 2025 ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT 2026 Proposed Budget Contents Schedule Description Page # Summary FY26 Proposed Budget Summary 3 Schedule A Bradley Lake Capital Purchases (not funded by R&C) 4 Schedule B Bradley Lake Operations & Maintenance Budget 5 - 7 Schedule C Bradley Lake Monthly Utility Contributions 8 Schedule D R&C Fund Disbursements and Repayments 9 Schedule E Battle Creek Capital Purchases (not funded by R&C) 10 Schedule F Battle Creek Operations & Maintenance Budget 11 - 12 Schedule G Battle Creek Monthly Utility Contributions 13 Schedule H SSQ Line Capital Purchases (not funded by R&C) 14 Schedule I SSQ Line Operations & Maintenance Budget 15 Schedule J SSQ Line Monthly Utility Contributions 16 ` Page 2 of 16 ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT 2026 Proposed Budget Summary A B C D E F G FY2023 FY2024 FY2025 FY2026 Inc(Dec) From FY2023 FY2024 Amend Approved Approved Proposed Prior Year Bradley Lake (excluding Battle Creek & SSQ Line shown below)Actuals Actuals Budget Budget Budget Budget Budget Revenues, Expenses & Changes in surplus Revenues Utility Contributions (sch C)20,564,479 19,756,258 22,382,491 22,533,059 21,982,934 22,508,995 526,061 Interest Income 353,445 558,494 - - 536,500 229,300 (307,200) 20,917,924 20,314,753 22,382,491 22,533,059 22,519,434 22,738,295 218,861 Expenses Operations & Maintenance (sch B)6,559,966 6,788,254 7,049,494 7,290,435 7,695,321 7,711,376 16,055 Renewals/Replacements (R&C Fund Repayments) (sch D)934,222 1,134,618 1,653,013 2,234,646 2,580,808 2,490,381 (90,427) Non R&C Capital Purchases (sch A)1,262,914 289,857 1,558,000 948,000 150,000 521,000 371,000 Transfer To(From) Operating Reserve 152,847 107,019 111,028 48,188 80,977 3,211 (77,766) Debt Service 12,007,974 11,995,004 12,010,956 12,011,790 12,012,328 12,012,327 (0) 20,917,924 20,314,753 22,382,491 22,533,059 22,519,434 22,738,295 218,861 Surplus (Deficit)- - - - - - - Other Project Costs - Battle Creek Revenues, Expenses & Changes in surplus Revenues - Battle Creek Utility Contributions (sch G)3,390,973 3,138,548 3,569,672 3,707,875 2,265,097 2,428,860 163,763 Interest Income 164,604 218,522 - - 218,000 170,800 (47,200) 3,555,577 3,357,071 3,569,672 3,707,875 2,483,097 2,599,660 116,563 Expenses - Battle Creek Battle Creek Operations & Maintenance (sch F)473,557 441,218 417,373 490,268 600,938 733,784 132,846 Renewals/Replacements (R&C Fund Repayments) (sch D)934,898 934,898 1,104,000 1,104,000 - - - Capital Purchases (sch E)71,423 88,651 90,000 165,000 5,000 5,000 - Transfer To(From) Operating Reserve 18,132 22,134 3,553 14,579 22,134 26,569 4,435 Transfer To(From) Capital Reserve 102,822 (58,284) - - (58,284) (58,284) - Debt Service 3,006,599 2,948,314 3,006,599 2,948,314 2,890,030 2,831,745 (58,284) IRS Subsidy (1,051,853) (1,019,859) (1,051,853) (1,014,287) (976,720) (939,154) 37,566 3,555,577 3,357,071 3,569,672 3,707,875 2,483,097 2,599,660 116,563 Surplus (Deficit)- - - - - - (0) Other Project Costs - SSQ Line Revenues, Expenses & Changes in surplus Revenues - SSQ Line Utility Contributions (sch J)1,000,978 423,766 758,884 743,555 727,072 684,197 (42,876) Interest Income 109,930 104,084 - - 66,200 17,700 (48,500) 1,110,908 527,850 758,884 743,555 793,272 701,897 (91,376) Expenses - SSQ Line SSQ Line Operations & Maintenance (sch I)270,363 77,920 336,999 307,000 343,878 273,878 (70,000) Capital Purchases (sch H)454,236 - - - - - Transfer To(From) Operating Reserve (27,505) 7,376 (21,505) (6,000) 7,376 (14,000) (21,376) Transfer To(From) Construction Fund (7,127) - - - - - - Debt Service 420,940 442,555 443,390 442,555 442,018 442,018 0 1,110,908 527,850 758,884 743,555 793,272 701,897 (91,376) Surplus (Deficit)- - - - - - - Other Information Operating Reserve *1,311,993 1,357,651 1,409,899 1,458,087 1,539,064 1,542,275 3,211 Operating Reserve - Battle Creek*94,711 88,244 83,475 98,054 120,188 146,757 26,569 Operating Reserve - SSQ Line*54,073 15,584 67,400 61,400 68,776 54,776 (14,000) Monthly Contributions 1,713,707 1,646,355 1,865,208 1,877,755 1,831,911 1,875,750 43,839 Monthly Contributions Battle Creek 282,581 261,546 297,473 308,990 188,758 202,405 13,647 Monthly Contributions SSQ Line 83,415 35,314 63,240 61,963 60,589 57,016 (3,573) *Required to be 20% of budgeted operating expense Page 3 of 16 ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT Capital Purchases (not funded by R&C Fund) Schedule A FY23 FY24 FY25 FY23 FY24 FY25 FY26 Actuals Amend Approved Approved Proposed Actuals Actuals @12/31/24 Budget Budget Budget Budget Upgrade Crews Quarters\Residence Kitchen\New Furniture 67,395 - - 159,000 - - - Replace Dump Truck and Sander 29,493 - - - - - - IRIS Air Gap Monitoring System (Computer) 18,491 - - 65,000 - - - Heavy Duty Trailer for Equipment 20,000 - - 20,000 - - - ABB Replace GIS Actuators 310,245 - - 309,000 - - - Replacement Pickup Truck 46,299 - - - - - - Needle Valve Rebuild - - - 150,000 - - - Start New Servo Design 396,171 - - 250,000 - - - North Fork Improvements - - - 5,000 - - - Mini Excavator 94,465 - - 100,000 - - - Install New Bradley Microwave System 280,356 45,215 - 500,000 518,000 - - Brush Hog for Front End Loader - - - - 150,000 - - JLG All Terrain Fork Lift- New Purchase - 213,942 - - 190,000 - - Replace BL#5 2009 F150 Crew Cab Pickup - - 48,995 - 45,000 - - Warhouse Heaters x2 (Replace) - - - - 5,000 - - ISO Shipping Containers x2 (Replace) - 30,700 - - 40,000 - - Replace 2012 Polaris Side by Side - - 62,645 - - 65,000 - Crew Quarters Remodel - - - - - 85,000 - Replace DC Station Service Batteries - - - - - - 130,000 Replace Needle Valve Position Arm Bushings - - - - - - 95,000 Replace ION Meters - - - - - - 120,000 AC unit in powerhouse server room - - - - - - 38,000 Flooring in powerhouse control room and office - - - - - - 28,000 Replace Precision Approach Path Indicator lights - - - - - - 40,000 Limitorque Actuators on fish water valve - - - - - - 35,000 Domestic water tank, controls, and filtration system replacement - - - - - - 35,000 Total Non R&C Capital Purchases 1,262,914 289,857 111,640 1,558,000 948,000 150,000 521,000 Capital Project Description Page 4 of 16 ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT Bradley Lake Operations and Maintenance Budget Schedule B FY 25 APPROVED FY26 PROPOSED Budget Actual (Over) Under Budget to Date Budget Actual (Over) Under Budget to Date Budget Budget to Date 12/31/24 Actual to Date 12/31/24 (Over) Under Budget to Date Budget Draft Increase (Decrease) From PY Summary by expense type Staff Professional Services (Direct) 277,000 289,268 (12,268) 387,700 325,581 62,119 312,585 156,293 217,743 (61,451) 360,000 47,415 Labor & Benefits 1,997,876 1,801,438 196,437 2,023,067 1,763,168 259,899 2,054,317 1,027,159 572,142 455,016 1,497,414 (556,903) Travel 84,950 12,894 72,056 78,500 23,515 54,985 51,500 25,750 61,339 (35,589) 40,300 (11,200) Training 49,300 19,549 29,751 50,000 10,238 39,762 55,000 27,500 6,530 20,970 55,000 - Contractual 1,215,727 1,068,101 147,626 1,181,381 917,237 264,144 1,243,010 621,505 502,849 118,656 1,392,497 149,487 Consulting-Administrative 249,375 248,684 691 265,000 236,601 28,399 315,000 157,500 44,587 112,913 155,000 (160,000) Supplies & Materials 329,232 133,087 196,145 330,332 166,554 163,778 378,500 189,250 87,602 101,648 342,000 (36,500) Other Costs 79,318 64,623 14,695 79,318 62,747 16,571 112,718 56,359 36,917 19,442 77,518 (35,200) Equipment, Furniture & Machinery 24,000 7,877 16,123 165,000 159,553 5,448 35,000 17,500 6,239 11,261 20,000 (15,000) Administrative Costs 1,492,905 1,549,774 (56,869) 1,553,800 1,807,663 (253,863) 1,978,224 989,112 923,436 65,676 2,549,839 571,615 Indirect Costs 1,486,285 1,364,672 121,613 1,480,105 1,315,396 164,709 1,480,105 740,053 571,232 168,820 1,543,116 63,011 O&M 4% Allocation to Battle Creek (236,473) - (236,473) (303,768) - (303,768) (320,638) (160,319) - (160,319) (321,307) (669) Total Bradley Lake Budget 7,049,495 6,559,966 489,529 7,290,435 6,788,254 502,181 7,695,321 3,847,660 3,030,616 817,044 7,711,376 16,055 FERC 535 - Operation Supervision & Engineering Operations Sup/Eng Bradley Lake Operating Labor & Benefits 108,311 112,787 (4,476) 105,451 106,921 (1,470) 105,451 52,726 40,931 11,795 109,196 3,745 Travel 10,450 590 9,860 5,000 1,972 3,028 5,000 2,500 423 2,077 5,000 - Training 9,300 - 9,300 5,000 581 4,419 5,000 2,500 - 2,500 5,000 - Contractual 1,000 - 1,000 3,000 - 3,000 3,000 1,500 - 1,500 3,000 - Supplies & Materials 4,000 314 3,686 4,000 233 3,767 4,000 2,000 - 2,000 25,000 21,000 Indirect Costs 155,698 150,349 5,349 155,698 149,004 6,694 155,698 77,849 58,391 19,458 157,071 1,373 Bradley Lake Operating Total 288,759 264,040 24,719 278,149 258,711 19,438 278,149 139,075 99,745 39,330 304,267 26,118 FERC 535 - Operation Supervision & Engineering Total 288,759 264,040 24,719 278,149 258,711 19,438 278,149 139,075 99,745 39,330 304,267 26,118 FERC 537 - Hydraulic Expenses Hydraulic Expenses Bradley Lake Operating Labor & Benefits 90,192 75,953 14,239 95,262 72,310 22,952 95,262 47,631 32,877 14,754 81,895 (13,367) Contractual 123,000 87 122,913 60,000 - 60,000 - - - - 15,000 15,000 Supplies & Materials 32,000 1,804 30,196 2,000 2,461 (461) 4,000 2,000 317 1,683 10,000 6,000 Indirect Costs 114,320 105,908 8,412 109,250 100,356 8,894 109,250 54,625 46,376 8,249 113,127 3,877 Bradley Lake Operating Total 359,512 183,752 175,760 266,512 175,127 91,385 208,512 104,256 79,569 24,687 220,022 11,510 FERC 537 - Hydraulic Expenses Total 359,512 183,752 175,760 266,512 175,127 91,385 208,512 104,256 79,569 24,687 220,022 11,510 FERC 538 - Electric Expenses Electric Expenses Bradley Lake Operating Labor & Benefits 218,044 228,803 (10,759) 218,044 211,756 6,288 218,044 109,022 95,716 13,307 235,187 17,143 Travel 7,000 2,039 4,961 7,000 209 6,791 7,000 3,500 - 3,500 7,000 - Training 25,000 17,786 7,214 30,000 9,514 20,486 30,000 15,000 3,990 11,010 30,000 - Contractual 2,000 - 2,000 5,000 2,506 2,494 10,000 5,000 2,610 2,390 18,000 8,000 Supplies & Materials 9,732 4,319 5,413 13,732 11,183 2,549 18,500 9,250 566 8,684 23,500 5,000 Indirect Costs 262,004 256,573 5,431 262,004 246,564 15,440 262,004 131,002 114,209 16,793 280,431 18,427 Bradley Lake Operating Total 523,780 509,520 14,260 535,780 481,731 54,049 545,548 272,774 217,091 55,683 594,118 48,570 FERC 538 - Electric Expenses Total 523,780 509,520 14,260 535,780 481,731 54,049 545,548 272,774 217,091 55,683 594,118 48,570 FERC 539 - Misc. Hydraulic Power Generation Expenses Misc Hydro Power Exp Bradley Lake Operating Labor & Benefits 105,742 90,508 15,235 105,742 82,466 23,276 107,742 53,871 33,932 19,939 130,567 22,825 Training 15,000 1,009 13,991 15,000 - 15,000 20,000 10,000 - 10,000 20,000 - Contractual 315,867 229,130 86,737 360,067 398,523 (38,456) 385,067 192,534 252,097 (59,563) 606,317 221,250 Supplies & Materials 17,900 20,976 (3,076) 25,000 34,014 (9,014) 25,000 12,500 16,173 (3,673) 30,000 5,000 Indirect Costs 114,320 120,737 (6,418) 114,320 114,239 81 114,320 57,160 49,232 7,928 122,323 8,003 Bradley Lake Operating Total 568,829 462,360 106,469 620,129 629,241 (9,112) 652,129 326,065 351,433 (25,369) 909,207 257,078 BRADLEY CIRCUITS/RADIO TO BERNICE LK Other Costs 35,695 34,149 1,546 35,695 34,268 1,427 35,695 17,848 14,278 3,569 35,695 - BRADLEY CIRCUITS/RADIO TO BERNICE LK Total 35,695 34,149 1,546 35,695 34,268 1,427 35,695 17,848 14,278 3,569 35,695 - BRADLEY CIRCUITS BERNICE LK TO ANCH Other Costs 29,773 28,471 1,302 29,773 28,239 1,534 29,773 14,887 12,077 2,809 29,773 - BRADLEY CIRCUITS BERNICE LK TO ANCH Total 29,773 28,471 1,302 29,773 28,239 1,534 29,773 14,887 12,077 2,809 29,773 - LOWER BRADLEY CIRCUITS/RADIO TO BARGE DOCK Other Costs - - - - - - 45,000 22,500 6,524 15,976 10,000 (35,000) LOWER BRADLEY CIRCUITS/RADIO TO BARGE DOCK Total - - - - - - 45,000 22,500 6,524 15,976 10,000 (35,000) FERC 539 - Misc. Hydraulic Power Generation Expenses Total 634,297 524,980 109,317 685,597 691,748 (6,151) 762,597 381,299 384,313 (3,014) 984,675 222,078 FERC 541 - Maintenance Supervision & Engineering Maint Supervision/Eng Bradley Lake Operating Labor & Benefits 116,171 113,497 2,673 110,451 112,706 (2,255) 110,451 55,226 40,931 14,295 117,056 6,605 Indirect Costs 155,698 150,349 5,349 155,698 149,940 5,758 155,698 77,849 58,391 19,458 157,071 1,373 Bradley Lake Operating Total 271,869 263,847 8,022 266,149 262,645 3,504 266,149 133,075 99,322 33,752 274,127 7,978 FERC 541 - Maintenance Supervision & Engineering Total 271,869 263,847 8,022 266,149 262,645 3,504 266,149 133,075 99,322 33,752 274,127 7,978 FERC 542 - Maintenance of Structures Maintenance of Structures Bradley Lake Operating Labor & Benefits 86,639 69,437 17,202 89,710 70,851 18,859 89,710 44,855 28,836 16,019 84,789 (4,921) Contractual 56,000 59,713 (3,713) 56,000 43,732 12,268 126,000 63,000 63,904 (904) 35,000 (91,000) Supplies & Materials 94,000 9,592 84,408 78,000 20,423 57,577 70,000 35,000 6,356 28,644 44,000 (26,000) Equipment, Furniture & Machinery 19,000 6,693 12,307 15,000 19,772 (4,772) 20,000 10,000 6,239 3,761 20,000 - Indirect Costs 105,421 96,693 8,728 102,350 95,457 6,893 102,350 51,175 40,974 10,201 115,838 13,488 Bradley Lake Operating Total 361,060 242,128 118,932 341,060 250,235 90,825 408,060 204,030 146,309 57,721 299,627 (108,433) FERC 542 - Maintenance of Structures Total 361,060 242,128 118,932 341,060 250,235 90,825 408,060 204,030 146,309 57,721 299,627 (108,433) FERC 543 - Maintenance of Reservoirs, Dams & Waterways Maint Res, Dams, WWays Bradley Lake Operating Labor & Benefits 53,744 1,507 52,237 51,783 6,012 45,771 51,783 25,892 8,285 17,606 17,992 (33,791) Travel 1,000 - 1,000 - - - - - - - - - Contractual 22,500 5,114 17,386 6,500 - 6,500 39,500 19,750 - 19,750 6,500 (33,000) Supplies & Materials 20,000 - 20,000 20,000 - 20,000 85,000 42,500 - 42,500 20,000 (65,000) Equipment, Furniture & Machinery - - - - - - 15,000 7,500 - 7,500 - (15,000) Indirect Costs 56,689 1,511 55,178 58,650 8,664 49,986 58,650 29,325 10,125 19,200 22,556 (36,094) Bradley Lake Operating Total 153,933 8,132 145,801 136,933 14,675 122,258 249,933 124,967 18,411 106,556 67,048 (182,885) BRADLEY POWER TUNNEL MAINT (Dam) Contractual - - - 15,000 - 15,000 15,000 7,500 - 7,500 15,000 - BRADLEY POWER TUNNEL MAINT (Dam) Total - - - 15,000 - 15,000 15,000 7,500 - 7,500 15,000 - FERC 543 - Maintenance of Reservoirs, Dams & Waterways Total 153,933 8,132 145,801 151,933 14,675 137,258 264,933 132,467 18,411 114,056 82,048 (182,885) FERC 544 - Maintenance of Electric Plant Maintenance of Elec Plant Bradley Lake Operating Labor & Benefits 309,110 276,280 32,831 309,110 259,650 49,460 309,110 154,555 105,095 49,460 336,995 27,885 Travel 4,500 - 4,500 4,500 354 4,146 4,500 2,250 435 1,815 4,500 - Contractual 58,000 3,180 54,820 40,000 51,632 (11,632) 75,000 37,500 47,107 (9,607) 24,000 (51,000) Supplies & Materials 43,000 28,310 14,690 40,000 36,163 3,837 40,000 20,000 17,167 2,833 40,000 - Indirect Costs 423,178 384,985 38,192 423,178 360,486 62,692 423,178 211,589 152,890 58,699 461,361 38,183 Bradley Lake Operating Total 837,788 692,754 145,034 816,788 708,284 108,504 851,788 425,894 322,695 103,199 866,856 15,068 FERC 544 - Maintenance of Electric Plant Total 837,788 692,754 145,034 816,788 708,284 108,504 851,788 425,894 322,695 103,199 866,856 15,068 FERC 545 - Maintenance of Misc. Hydraulic Plant Maint of Misc Hydr Plant Bradley Lake Operating FY 23 AMEND FY 24 APPROVED Page 5 of 16 ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT Bradley Lake Operations and Maintenance Budget Schedule B FY 25 APPROVED FY26 PROPOSED Budget Actual (Over) Under Budget to Date Budget Actual (Over) Under Budget to Date Budget Budget to Date 12/31/24 Actual to Date 12/31/24 (Over) Under Budget to Date Budget Draft Increase (Decrease) From PY FY 23 AMEND FY 24 APPROVED Labor & Benefits 69,297 70,628 (1,331) 69,297 65,189 4,108 69,297 34,649 28,300 6,349 82,339 13,042 Contractual 3,900 7,276 (3,376) 45,000 74,760 (29,760) 45,000 22,500 23,087 (587) 45,000 - Supplies & Materials 29,000 41,166 (12,166) 68,000 53,871 14,129 68,000 34,000 13,033 20,967 68,000 - Equipment, Furniture & Machinery 5,000 1,184 3,816 150,000 139,780 10,220 - - - - - - Indirect Costs 98,957 97,565 1,392 98,957 90,687 8,270 98,957 49,479 40,644 8,834 113,337 14,380 Bradley Lake Operating Total 206,154 217,819 (11,665) 431,254 424,287 6,967 281,254 140,627 105,064 35,563 308,677 27,423 FERC 545 - Maintenance of Misc. Hydraulic Plant Total 206,154 217,819 (11,665) 431,254 424,287 6,967 281,254 140,627 105,064 35,563 308,677 27,423 FERC 556 - System Control & Load Dispatching System Cntl & Load Disp Bradley Lake Operating Labor & Benefits 20,174 22,342 (2,168) 20,174 11,901 8,273 20,174 10,087 19,978 (9,891) 20,174 - Contractual 85,500 97,154 (11,654) 85,500 44,724 40,776 103,500 51,750 28,410 23,340 143,500 40,000 Supplies & Materials 12,000 4,242 7,758 12,000 438 11,562 12,000 6,000 - 6,000 12,000 - Bradley Lake Operating Total 117,674 123,738 (6,064) 117,674 57,063 60,611 135,674 67,837 48,388 19,449 175,674 40,000 Snow Measurement Bradley Lake Operating Contractual 10,000 9,600 400 10,000 9,600 400 10,000 5,000 - 5,000 10,000 - Bradley Lake Operating Total 10,000 9,600 400 10,000 9,600 400 10,000 5,000 - 5,000 10,000 - Seismic Service Bradley Lake Operating Contractual 62,000 63,456 (1,456) 62,000 60,755 1,245 64,868 32,434 23,523 8,911 66,498 1,630 Bradley Lake Operating Total 62,000 63,456 (1,456) 62,000 60,755 1,245 64,868 32,434 23,523 8,911 66,498 1,630 Streamguaging Serv Bradley Lake Operating Contractual 218,000 191,173 26,827 278,014 151,920 126,094 216,275 108,138 53,520 54,618 221,682 5,407 Bradley Lake Operating Total 218,000 191,173 26,827 278,014 151,920 126,094 216,275 108,138 53,520 54,618 221,682 5,407 Permits Bradley Lake Operating Other Costs 350 240 110 350 240 110 350 175 - 175 350 - Bradley Lake Operating Total 350 240 110 350 240 110 350 175 - 175 350 - FERC 556 - System Control & Load Dispatching Total 408,024 388,208 19,816 468,038 279,578 188,460 427,167 213,584 125,431 88,152 474,204 47,037 FERC 562 - Station Expenses Station Expenses Bradley Lake Operating Labor & Benefits 64,043 32,493 31,550 64,043 105,259 (41,216) 58,612 29,306 5,696 23,610 61,812 3,200 Labor & Benefits 34,375 25,693 8,682 38,000 56,843 (18,843) 38,000 19,000 19,548 (548) 38,000 - Travel - - - - 336 (336) - - - - - - Travel 3,500 - 3,500 3,500 - 3,500 2,500 1,250 1,433 (183) 1,800 (700) Contractual 1,800 - 1,800 1,800 6,029 (4,229) 4,800 2,400 - 2,400 3,000 (1,800) Contractual 86,160 63,979 22,181 78,500 73,058 5,442 75,000 37,500 8,590 28,910 100,000 25,000 Supplies & Materials 9,600 - 9,600 9,600 4,392 5,208 11,000 5,500 6,235 (735) 8,000 (3,000) Supplies & Materials 35,000 9,918 25,082 10,000 1,109 8,891 12,000 6,000 15,141 (9,141) 37,000 25,000 Other Costs 1,500 - 1,500 1,500 - 1,500 1,900 950 115 835 1,700 (200) Bradley Lake Operating Total 235,978 132,082 103,896 206,943 247,026 (40,083) 203,812 101,906 56,758 45,148 251,312 47,500 FERC 562 - Station Expenses Total 235,978 132,082 103,896 206,943 247,026 (40,083) 203,812 101,906 56,758 45,148 251,312 47,500 FERC 571 - Maintenance of Overhead Lines Maint of OH Lines Bradley Lake Operating Labor & Benefits 39,954 39,373 581 16,000 52,998 (36,998) 36,500 18,250 11,459 6,791 32,574 (3,926) Contractual 150,000 171,636 (21,636) 75,000 - 75,000 70,000 35,000 - 35,000 80,000 10,000 Supplies & Materials 5,000 1,108 3,892 30,000 - 30,000 20,000 10,000 11,965 (1,965) 20,000 - Bradley Lake Operating Total 194,954 212,117 (17,163) 121,000 52,998 68,002 126,500 63,250 23,424 39,826 132,574 6,074 FERC 571 - Maintenance of Overhead Lines Total 194,954 212,117 (17,163) 121,000 52,998 68,002 126,500 63,250 23,424 39,826 132,574 6,074 FERC 920 & 930 - Administrative Expense AEA Bradley Fixed Admin Fees Bradley Lake Operating Staff Professional Services (Direct) 277,000 270,305 6,695 387,700 325,581 62,119 312,585 156,293 217,743 (61,451) 360,000 47,415 Travel - 3,888 (3,888) - 20,643 (20,643) - - 56,981 (56,981) - - Training - 754 (754) - 144 (144) - - 2,539 (2,539) - - Consulting-Administrative - 2,390 (2,390) - 17,374 (17,374) - - 307 (307) - - Supplies & Materials - 4,246 (4,246) - 2,268 (2,268) - - 647 (647) - - Other Costs - - - - - - - - 3,923 (3,923) - - Administrative Costs 2,500 166,004 (163,504) 2,500 186,707 (184,207) 172,500 86,250 220,381 (134,131) 240,000 67,500 Bradley Lake Operating Total 279,500 447,588 (168,088) 390,200 552,716 (162,516) 485,085 242,543 502,522 (259,979) 600,000 114,915 Bradley Lake Bond Financing Staff Professional Services (Direct) - 18,962 (18,962) - - - - - - - - - Bradley Lake Bond Financing Total - 18,962 (18,962) - - - - - - - - - BRADLEY HEA BESS Preliminary Study BRADLEY HEA BESS Preliminary Study Total - - - - - - - - - - - - General & Administrative Costs Supplies & Materials - 154 (154) - - - - - - - - - Administrative Costs - (350) 350 - - - - - - - - - General & Administrative Costs Total - (196) 196 - - - - - - - - - Operating Committee Exp-Audit Bradley Lake Operating Administrative Costs 19,900 32,520 (12,620) 22,000 35,030 (13,030) 41,000 20,500 40,140 (19,640) 45,000 4,000 Bradley Lake Operating Total 19,900 32,520 (12,620) 22,000 35,030 (13,030) 41,000 20,500 40,140 (19,640) 45,000 4,000 Operating Committee Exp-Legal Bradley Lake Operating Administrative Costs 70,000 153,966 (83,966) 80,000 149,198 (69,198) 80,000 40,000 47,795 (7,795) 80,000 - Bradley Lake Operating Total 70,000 153,966 (83,966) 80,000 149,198 (69,198) 80,000 40,000 47,795 (7,795) 80,000 - Operat Committee Exp-Arbitrage Bradley Lake Operating Administrative Costs 5,000 - 5,000 - - - - - - - - - Bradley Lake Operating Total 5,000 - 5,000 - - - - - - - - - Trust & Account Fees Bradley Lake Operating Administrative Costs 13,000 - 13,000 13,000 - 13,000 - - - - - - Bradley Lake Operating Total 13,000 - 13,000 13,000 - 13,000 - - - - - - Battle Creek Operating Battle Creek Operating Total - - - - - - - - - - - - Misc Admin Bradley Lake Operating Administrative Costs 12,000 13,604 (1,604) 13,000 14,110 (1,110) 13,000 6,500 15,177 (8,677) 13,000 - Bradley Lake Operating Total 12,000 13,604 (1,604) 13,000 14,110 (1,110) 13,000 6,500 15,177 (8,677) 13,000 - Professional Consultants Bradley Lake Operating Labor & Benefits 682,080 642,139 39,941 730,000 548,307 181,693 744,181 372,091 100,559 271,531 148,836 (595,345) Travel 58,500 6,376 52,124 58,500 - 58,500 32,500 16,250 2,068 14,182 22,000 (10,500) Contractual 20,000 166,602 (146,602) - - - - - - - - - Consulting-Administrative - 4,458 (4,458) - - - - - - - - - Supplies & Materials 18,000 6,940 11,060 18,000 - 18,000 9,000 4,500 - 4,500 4,500 (4,500) Other Costs 12,000 1,762 10,238 12,000 - 12,000 - - - - - - Bradley Lake Operating Total 790,580 828,277 (37,697) 818,500 548,307 270,193 785,681 392,841 102,627 290,213 175,336 (610,345) FERC 920 & 930 - Administrative Expense Total 1,189,980 1,494,722 (304,742) 1,336,700 1,299,363 37,337 1,404,766 702,383 708,261 (5,878) 913,336 (491,430) FERC 924 & 925 - Insurance Premiums Insurance Premiums Bradley Lake Operating Page 6 of 16 ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT Bradley Lake Operations and Maintenance Budget Schedule B FY 25 APPROVED FY26 PROPOSED Budget Actual (Over) Under Budget to Date Budget Actual (Over) Under Budget to Date Budget Budget to Date 12/31/24 Actual to Date 12/31/24 (Over) Under Budget to Date Budget Draft Increase (Decrease) From PY FY 23 AMEND FY 24 APPROVED Administrative Costs 984,179 941,333 42,846 1,100,000 1,166,378 (66,378) 1,300,000 650,000 571,253 78,747 1,500,000 200,000 Administrative Costs 31,326 33,293 (1,967) 38,300 52,812 (14,512) 71,724 35,862 28,690 7,172 81,839 10,115 Bradley Lake Operating Total 1,015,505 974,625 40,880 1,138,300 1,219,190 (80,890) 1,371,724 685,862 599,942 85,920 1,581,839 210,115 FERC 924 & 925 - Insurance Premiums Total 1,015,505 974,625 40,880 1,138,300 1,219,190 (80,890) 1,371,724 685,862 599,942 85,920 1,581,839 210,115 FERC 923 - Outside Services Employed Outside Services Employed Bradley Lake Operating Consulting-Administrative 249,375 241,836 7,539 265,000 219,228 45,772 315,000 157,500 44,280 113,220 155,000 (160,000) Bradley Lake Operating Total 249,375 241,836 7,539 265,000 219,228 45,772 315,000 157,500 44,280 113,220 155,000 (160,000) FERC 923 - Outside Services Employed Total 249,375 241,836 7,539 265,000 219,228 45,772 315,000 157,500 44,280 113,220 155,000 (160,000) FERC 928 - Regulatory Commission Expenses FERC Admin Fees Bradley Lake Operating Administrative Costs 150,000 126,085 23,915 165,000 155,391 9,609 180,000 90,000 - 90,000 170,000 (10,000) Bradley Lake Operating Total 150,000 126,085 23,915 165,000 155,391 9,609 180,000 90,000 - 90,000 170,000 (10,000) FERC Related Prof Services Bradley Lake Operating Bradley Lake Operating Total - - - - - - - - - - - - BRADLEY FERC PART 12 INSPECTION Administrative Costs 25,000 435 24,565 - - - - - - - 300,000 300,000 BRADLEY FERC PART 12 INSPECTION Total 25,000 435 24,565 - - - - - - - 300,000 300,000 BRADLEY CONTRACTUAL ENGINEER-FERC LICENSE ISSUES Administrative Costs 180,000 82,883 97,117 120,000 48,036 71,964 120,000 60,000 - 60,000 120,000 - BRADLEY CONTRACTUAL ENGINEER-FERC LICENSE ISSUES Total 180,000 82,883 97,117 120,000 48,036 71,964 120,000 60,000 - 60,000 120,000 - FERC 928 - Regulatory Commission Expenses Total 355,000 209,404 145,596 285,000 203,427 81,573 300,000 150,000 - 150,000 590,000 290,000 O&M 4% Allocation to Battle Creek (236,473) - (236,473) (303,768) - (303,768) (320,638) (160,319) - (160,319) (321,307) (669) Total Bradley Lake Budget 7,049,495 6,559,966 489,529 7,290,435 6,788,254 502,181 7,695,321 3,847,660 3,030,616 817,044 7,711,376 16,055 - - - - - 0 - - - - - (0) Page 7 of 16 ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT Monthly Utility Contributions Schedule C A B C D E FY2023 FY2024 FY2025 FY2026 Annual Annual Annual Annual FY2025 to Percent Amend Approved Approved Proposed FY2026 Power Purchaser Share Budget Budget Budget Budget Change Chugach Electric 56.30%12,601,342 12,686,112 12,376,392 12,672,564 296,173 Homer Electric 12.00%2,685,897 2,703,966 2,637,950 2,701,078 63,127 Matanuska Electric 13.80%3,088,785 3,109,564 3,033,646 3,106,243 72,597 Golden Valley Electric 16.90%3,782,641 3,808,087 3,715,116 3,804,020 88,904 City of Seward 1.00%223,825 225,331 219,829 225,090 5,261 100.0%22,382,491 22,533,059 21,982,934 22,508,995 526,061 Percent FY2023 FY2024 FY2025 FY2026 FY2025 to Power Purchaser Share Amend Approved Approved Proposed FY2026 Monthly Monthly Monthly Monthly Change Chugach Electric 56.30%1,050,112 1,057,176 1,031,366 1,056,047 24,681 Homer Electric 12.00%223,825 225,330 219,829 225,090 5,261 Matanuska Electric 13.80%257,399 259,130 252,804 258,854 6,050 Golden Valley Electric 16.90%315,220 317,341 309,593 317,002 7,409 City of Seward 1.00%18,652 18,778 18,319 18,757 438 100.00%1,865,208 1,877,755 1,831,911 1,875,750 43,838 Page 8 of 16 ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT R&C Fund Disbursements and Repayments Schedule D Actual ACTUAL Actual Actual PROJECTED PROJECTED PROJECTED PROJECTED TO REPAY TO REPAY TO REPAY TO REPAY Description Disburse at 06/30/23 Disburse at 06/30/24 Disburse at 06/30/25 Disburse at 06/30/26 R&C FUND PROJECTS Governor - 4,052,070.14 - 4,052,070.14 - 4,052,070.14 - 4,052,070.14 Replace RFLS - 251,092.69 - 251,092.69 - 251,092.69 - 251,092.69 Replace Runners - 1,946,732.79 - 1,946,732.79 - 1,946,732.79 - 1,946,732.79 Replace Cable from Dam to Power House - 2,321,922.94 - 2,321,922.94 - 2,321,922.94 - 2,321,922.94 Replace Power System Stabilizer - 619,205.10 - 619,205.10 - 619,205.10 - 619,205.10 Replace two RTUs - 86,905.27 - 86,905.27 - 86,905.27 - 86,905.27 Culvert Repairs - 675,966.79 - 675,966.79 - 675,966.79 - 675,966.79 Trans Towers Frost Jacking Repairs - 887,596.62 - 887,596.62 - 887,596.62 - 887,596.62 Replace Plant and SCADA Controls - 1,344,683.05 - 1,344,683.05 - 1,344,683.05 - 1,344,683.05 Vibration Monitoring System - 490.00 - 490.00 - 490.00 - 490.00 Fire Alarm System Replacement 3,172.50 137,397.11 33,941.86 171,338.97 1,307,298.89 1,478,637.86 1,471,407.00 2,950,044.86 Battle Creek Diversion - 1,170,000.00 - 1,170,000.00 - 1,170,000.00 - 1,170,000.00 Replace Electro-Mechanical Relays - 1,277,197.06 - 1,277,197.06 - 1,277,197.06 - 1,277,197.06 Fishwater Screen Debris Removal - 312,236.43 - 312,236.43 - 312,236.43 - 312,236.43 Turbine Nozzle Repair - 1,428,861.07 - 1,428,861.07 - 1,428,861.07 - 1,428,861.07 SVC replacement Daves Creek | Soldotna - 8,517,991.11 - 8,517,991.11 - 8,517,991.11 - 8,517,991.11 Equipment Storage Shed - 510,550.13 - 510,550.13 - 510,550.13 - 510,550.13 Emerson Operating System Upgrade - 622,665.00 - 622,665.00 - 622,665.00 - 622,665.00 Generator #2 Relacement - 953,212.71 - 953,212.71 - 953,212.71 - 953,212.71 Road Grader - 342,330.00 - 342,330.00 - 342,330.00 - 342,330.00 Battle Creek Construction - 3,739,590.93 - 3,739,590.93 - 3,739,590.93 - 3,739,590.93 Battle Creek Cash Call - 750,000.00 - 750,000.00 - 750,000.00 - 750,000.00 Repayment through Cash Call - (750,000.00) - (750,000.00) - (750,000.00) - (750,000.00) Needle Rapairs - 1,482,791.23 - 1,482,791.23 - 1,482,791.23 - 1,482,791.23 Construct additional residence 125,174.85 194,768.71 805,515.43 1,000,284.14 - 1,000,284.14 - 1,000,284.14 Spillway Raise & Expansion Project (Dixon Diversion)661,472.21 1,208,730.50 175,650.59 1,384,381.09 839,269.50 2,223,650.59 - 2,223,650.59 Needle Valve Rebuild - - 198,085.70 198,085.70 1,719,535.00 1,917,620.70 - 1,917,620.70 Barge Dock Rehabilitation - - - - 600,000.00 600,000.00 600,000.00 1,200,000.00 Critical Spare (2) Nozzle Assemblies - - - - - - 400,000.00 400,000.00 Change out turbine nozzles units #1 and #2 - - - - - - 1,021,000.00 1,021,000.00 789,819.56 34,084,987.38 1,213,193.58 35,298,180.96 4,466,103.39 39,164,284.35 3,492,407.00 40,635,691.35 4th yr 103,012.53 4th yr 3rd yr 1,321,708.58 4th yr 1,321,708.58 4th yr 2nd yr 247,054.13 3rd yr 247,054.13 4th yr 247,054.13 1st yr 197,454.89 2nd yr 197,454.89 3rd yr 197,454.89 197,454.89 4th yr 1st yr 303,298.40 2nd yr 303,298.40 303,298.40 3rd yr 1st yr 1,116,525.85 1,116,525.85 2nd yr 873,101.75 1st yr 1,869,230.13 2,069,515.99 1,864,333.26 2,490,380.88 Page 9 of 16 ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT Battle Creek Capital Purchases (not funded by R&C Fund) Schedule E FY23 FY24 FY25 FY23 FY24 FY25 FY26 Actuals Amend Approved Approved Proposed Actuals Actuals @12/31/24 Budget Budget Budget Budget Battle Creek Associated Costs 11,986 - - 15,000 15,000 - - Vent Enlargment 32,407 - - 50,000 - - - Pressure Sensor with SCADA 27,030 - - 25,000 - - - Survey and Monument DNR Lease - 88,651 2,621 - 150,000 5,000 5,000 Total Non R&C Capital Purchases 71,423 88,651 2,621 90,000 165,000 5,000 5,000 Capital Construction Project Description Page 10 of 16 ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT Battle Creek Operations & Maintenance Budget Schedule F FY 25 APPROVED FY26 PROPOSED Budget Actual (Over) Under Budget to Date Budget Actual (Over) Under Budget to Date Budget Budget to Date 12/31/23 Actual to Date 12/31/23 (Over) Under Budget to Date Budget Draft Increase (Decrease) From PY Summary by expense type Staff Professional Services (Direct) - 58,017 (58,017) 50,000 48,886 1,114 50,000 25,000 13,009 11,991 50,000 - Labor & Benefits - 82,339 (82,339) - 73,465 (73,465) 10,000 5,000 23,816 (18,816) 10,000 - Travel - 537 (537) - 1,411 (1,411) - - 1,705 (1,705) - - Training - 940 (940) - 427 (427) - - 272 (272) - - Contractual 126,000 164,132 (38,132) 125,000 154,741 (29,741) 201,300 100,650 20,952 79,698 333,477 132,177 Consulting-Administrative - 17,560 (17,560) - 9,858 (9,858) - - 1,858 (1,858) - - Supplies & Materials - 5,862 (5,862) - 6,940 (6,940) 5,000 2,500 3,623 (1,123) 5,000 - Other Costs - 2,920 (2,920) - 2,614 (2,614) - - 1,538 (1,538) - - Equipment, Furniture & Machinery - 346 (346) - 6,648 (6,648) - - 260 (260) - - Administrative Costs 54,900 78,084 (23,184) 11,500 81,420 (69,920) 14,000 7,000 22,765 (15,765) 14,000 - Indirect Costs - 62,821 (62,821) - 54,808 (54,808) - - 23,801 (23,801) - - O&M 4% Allocation to Battle Creek 236,473 - 236,473 303,768 - 303,768 320,638 160,319 - 160,319 321,307 669 Total Bradley Lake Budget 417,373 473,557 (56,184) 490,268 441,218 49,050 600,938 300,469 113,600 186,870 733,784 132,846 FERC 535 - Operation Supervision & Engineering Operations Sup/Eng Battle Creek Operating Labor & Benefits - 5,090 (5,090) - 4,455 (4,455) 1,500 750 1,705 (955) 1,500 - Travel - 25 (25) - 82 (82) - - 18 (18) - - Training - - - - 24 (24) - - - - - - Supplies & Materials - 13 (13) - 10 (10) 1,000 500 - 500 1,000 - Indirect Costs - 6,803 (6,803) - 6,209 (6,209) - - 2,433 (2,433) - - Battle Creek Operating Total - 11,931 (11,931) - 10,780 (10,780) 2,500 1,250 4,156 (2,906) 2,500 - FERC 535 - Operation Supervision & Engineering Total - 11,931 (11,931) - 10,780 (10,780) 2,500 1,250 4,156 (2,906) 2,500 - FERC 537 - Hydraulic Expenses Hydraulic Expenses Battle Creek Operating Labor & Benefits - 3,557 (3,557) - 3,013 (3,013) 1,500 750 1,370 (620) 1,500 - Contractual 81,000 65,278 15,722 70,000 62,923 7,077 145,000 72,500 - 72,500 277,177 132,177 Supplies & Materials - 75 (75) - 103 (103) 1,000 500 13 487 1,000 - Indirect Costs - 4,911 (4,911) - 4,182 (4,182) - - 1,932 (1,932) - - Battle Creek Operating Total 81,000 73,821 7,179 70,000 70,220 (220) 147,500 73,750 3,315 70,435 279,677 132,177 FERC 537 - Hydraulic Expenses Total 81,000 73,821 7,179 70,000 70,220 (220) 147,500 73,750 3,315 70,435 279,677 132,177 FERC 538 - Electric Expenses Electric Expenses Battle Creek Operating Labor & Benefits - 10,507 (10,507) - 8,823 (8,823) 1,500 750 3,988 (3,238) 1,500 - Travel - 85 (85) - 9 (9) - - - - - - Training - 867 (867) - 396 (396) - - 166 (166) - - Contractual - - - - 104 (104) - - 109 (109) - - Supplies & Materials - 184 (184) - 466 (466) 1,000 500 24 476 1,000 - Indirect Costs - 11,814 (11,814) - 10,273 (10,273) - - 4,759 (4,759) - - Battle Creek Operating Total - 23,457 (23,457) - 20,072 (20,072) 2,500 1,250 9,045 (7,795) 2,500 - FERC 538 - Electric Expenses Total - 23,457 (23,457) - 20,072 (20,072) 2,500 1,250 9,045 (7,795) 2,500 - FERC 539 - Misc. Hydraulic Power Generation Expenses Misc Hydro Power Exp Battle Creek Operating Labor & Benefits - 4,197 (4,197) - 3,436 (3,436) 1,500 750 1,414 (664) 1,500 - Training - 42 (42) - - - - - - - - - Contractual - 10,529 (10,529) - 16,605 (16,605) - - 10,504 (10,504) - - Supplies & Materials - 918 (918) - 1,417 (1,417) 1,000 500 674 (174) 1,000 - Other Costs - 2,836 (2,836) - 2,604 (2,604) - - 1,370 (1,370) - - Indirect Costs - 5,578 (5,578) - 4,760 (4,760) - - 2,051 (2,051) - - Battle Creek Operating Total - 24,101 (24,101) - 28,823 (28,823) 2,500 1,250 16,013 (14,763) 2,500 - FERC 539 - Misc. Hydraulic Power Generation Expenses Total - 24,101 (24,101) - 28,823 (28,823) 2,500 1,250 16,013 (14,763) 2,500 - FERC 541 - Maintenance Supervision & Engineering Maint Supervision/Eng Battle Creek Operating Labor & Benefits - 5,120 (5,120) - 4,696 (4,696) 2,500 1,250 1,705 (455) 2,500 - Indirect Costs - 6,803 (6,803) - 6,247 (6,247) - - 2,433 (2,433) - - Battle Creek Operating Total - 11,923 (11,923) - 10,944 (10,944) 2,500 1,250 4,138 (2,888) 2,500 - FERC 541 - Maintenance Supervision & Engineering Total - 11,923 (11,923) - 10,944 (10,944) 2,500 1,250 4,138 (2,888) 2,500 - FERC 542 - Maintenance of Structures Maintenance of Structures Battle Creek Operating Labor & Benefits - 3,242 (3,242) - 2,952 (2,952) 1,500 750 1,202 (452) 1,500 - Contractual - 2,488 (2,488) - 1,822 (1,822) - - 2,663 (2,663) - - Supplies & Materials - 470 (470) - 851 (851) 1,000 500 265 235 1,000 - Equipment, Furniture & Machinery - 296 (296) - 824 (824) - - 260 (260) - - Indirect Costs - 4,474 (4,474) - 3,977 (3,977) - - 1,707 (1,707) - - Battle Creek Operating Total - 10,970 (10,970) - 10,426 (10,426) 2,500 1,250 6,096 (4,846) 2,500 - FERC 542 - Maintenance of Structures Total - 10,970 (10,970) - 10,426 (10,426) 2,500 1,250 6,096 (4,846) 2,500 - FERC 543 - Maintenance of Reservoirs, Dams & Waterways Maint Res, Dams, WWays Battle Creek Operating Labor & Benefits - 73 (73) - 250 (250) - - 345 (345) - - Contractual - 213 (213) - - - - - - - - - Indirect Costs - 79 (79) - 361 (361) - - 422 (422) - - Battle Creek Operating Total - 366 (366) - 611 (611) - - 767 (767) - - FERC 543 - Maintenance of Reservoirs, Dams & Waterways Total - 366 (366) - 611 (611) - - 767 (767) - - FERC 544 - Maintenance of Electric Plant Maintenance of Elec Plant Battle Creek Operating Labor & Benefits - 12,941 (12,941) - 10,819 (10,819) - - 4,379 (4,379) - - Travel - - - - 15 (15) - - 18 (18) - - Contractual - 132 (132) - 2,151 (2,151) - - 1,963 (1,963) - - Supplies & Materials - 1,248 (1,248) - 1,507 (1,507) - - 715 (715) - - Indirect Costs - 17,850 (17,850) - 15,020 (15,020) - - 6,370 (6,370) - - Battle Creek Operating Total - 32,171 (32,171) - 29,512 (29,512) - - 13,446 (13,446) - - FERC 544 - Maintenance of Electric Plant Total - 32,171 (32,171) - 29,512 (29,512) - - 13,446 (13,446) - - FERC 545 - Maintenance of Misc. Hydraulic Plant Maint of Misc Hydr Plant Battle Creek Operating Labor & Benefits - 3,293 (3,293) - 2,716 (2,716) - - 1,179 (1,179) - - Contractual - 303 (303) - 3,115 (3,115) - - 962 (962) - - Supplies & Materials - 1,756 (1,756) - 2,245 (2,245) - - 543 (543) - - Equipment, Furniture & Machinery - 49 (49) - 5,824 (5,824) - - - - - - Indirect Costs - 4,508 (4,508) - 3,779 (3,779) - - 1,694 (1,694) - - Battle Creek Operating Total - 9,909 (9,909) - 17,679 (17,679) - - 4,378 (4,378) - - FERC 545 - Maintenance of Misc. Hydraulic Plant Total - 9,909 (9,909) - 17,679 (17,679) - - 4,378 (4,378) - - FERC 556 - System Control & Load Dispatching System Cntl & Load Disp Battle Creek Operating Labor & Benefits - 969 (969) - 496 (496) - - 832 (832) - - Contractual - 6,273 (6,273) - 1,864 (1,864) - - 1,184 (1,184) - - Supplies & Materials - 177 (177) - 18 (18) - - - - - - Battle Creek Operating Total - 7,418 (7,418) - 2,378 (2,378) - - 2,016 (2,016) - - Snow Measurement Battle Creek Operating FY 23 AMEND FY 24 APPROVED Page 11 of 16 ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT Battle Creek Operations & Maintenance Budget Schedule F FY 25 APPROVED FY26 PROPOSED Budget Actual (Over) Under Budget to Date Budget Actual (Over) Under Budget to Date Budget Budget to Date 12/31/23 Actual to Date 12/31/23 (Over) Under Budget to Date Budget Draft Increase (Decrease) From PY FY 23 AMEND FY 24 APPROVED Contractual - 400 (400) - 400 (400) - - - - - - Battle Creek Operating Total - 400 (400) - 400 (400) - - - - - - Seismic Service Battle Creek Operating Contractual - 2,804 (2,804) - 2,531 (2,531) - - 980 (980) - - Battle Creek Operating Total - 2,804 (2,804) - 2,531 (2,531) - - 980 (980) - - Streamguaging Serv Battle Creek Operating Contractual 45,000 67,062 (22,062) 55,000 59,930 (4,930) 56,300 28,150 2,230 25,920 56,300 - Battle Creek Operating Total 45,000 67,062 (22,062) 55,000 59,930 (4,930) 56,300 28,150 2,230 25,920 56,300 - 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 45,000 77,693 (32,693) 55,000 65,249 (10,249) 56,300 28,150 5,226 22,924 56,300 - FERC 562 - Station Expenses Station Expenses Battle Creek Operating Labor & Benefits - 2,596 (2,596) - 6,754 (6,754) - - 1,028 (1,028) - - Travel - - - - 14 (14) - - 60 (60) - - Contractual - 2,785 (2,785) - 3,295 (3,295) - - 358 (358) - - Supplies & Materials - 482 (482) - 229 (229) - - 891 (891) - - Other Costs - - - - - - - - 5 (5) - - Battle Creek Operating Total - 5,864 (5,864) - 10,293 (10,293) - - 2,341 (2,341) - - FERC 562 - Station Expenses Total - 5,864 (5,864) - 10,293 (10,293) - - 2,341 (2,341) - - FERC 571 - Maintenance of Overhead Lines Maint of OH Lines Battle Creek Operating Labor & Benefits - 1,641 (1,641) - 2,208 (2,208) - - 477 (477) - - Contractual - 7,152 (7,152) - - - - - - - - - Supplies & Materials - 46 (46) - - - - - 499 (499) - - Battle Creek Operating Total - 8,838 (8,838) - 2,208 (2,208) - - 976 (976) - - FERC 571 - Maintenance of Overhead Lines Total - 8,838 (8,838) - 2,208 (2,208) - - 976 (976) - - FERC 920 & 930 - Administrative Expense AEA Bradley Fixed Admin Fees Battle Creek Vent Enlargement Battle Creek Vent Enlargement Total - - - - - - - - - - - - Battle Creek Operating Staff Professional Services (Direct) - 58,017 (58,017) 50,000 48,886 1,114 50,000 25,000 13,009 11,991 50,000 - Travel - 162 (162) - 1,291 (1,291) - - 1,523 (1,523) - - Training - 31 (31) - 6 (6) - - 106 (106) - - Consulting-Administrative - 100 (100) - 724 (724) - - 13 (13) - - Supplies & Materials - 203 (203) - 94 (94) - - - - - - Other Costs - - - - - - - - 163 (163) - - Administrative Costs 43,000 3,379 39,621 - 7,793 (7,793) - - 123 (123) - - Battle Creek Operating Total 43,000 61,891 (18,891) 50,000 58,794 (8,794) 50,000 25,000 14,938 10,062 50,000 - Operating Committee Exp-Audit Battle Creek Operating Administrative Costs - 1,355 (1,355) - 1,460 (1,460) - - - - - - Battle Creek Operating Total - 1,355 (1,355) - 1,460 (1,460) - - - - - - Operating Committee Exp-Legal Battle Creek Operating Administrative Costs 5,000 7,042 (2,042) 5,000 6,217 (1,217) 5,000 2,500 1,991 509 5,000 - Battle Creek Operating Total 5,000 7,042 (2,042) 5,000 6,217 (1,217) 5,000 2,500 1,991 509 5,000 - Operat Committee Exp-Arbitrage Bradley Lake Operating Administrative Costs - 1,690 (1,690) - - - - - - - - Bradley Lake Operating Total - 1,690 (1,690) - - - - - - - - - Battle Creek Operating Administrative Costs 2,000 - 2,000 - 1,690 (1,690) 2,500 1,250 - 1,250 2,500 - Battle Creek Operating Total 2,000 - 2,000 - 1,690 (1,690) 2,500 1,250 - 1,250 2,500 - Trust & Account Fees Battle Creek Operating Administrative Costs 4,800 4,000 800 5,500 4,170 1,330 5,500 2,750 - 2,750 5,500 - Battle Creek Operating Total 4,800 4,000 800 5,500 4,170 1,330 5,500 2,750 - 2,750 5,500 - Misc Admin Battle Creek Operating Administrative Costs 100 567 (467) 1,000 588 412 1,000 500 18 482 1,000 - Battle Creek Operating Total 100 567 (467) 1,000 588 412 1,000 500 18 482 1,000 - Professional Consultants Battle Creek Operating Labor & Benefits - 29,115 (29,115) - 22,846 (22,846) - - 4,190 (4,190) - - Travel - 266 (266) - - - - - 86 (86) - - Contractual - (1,288) 1,288 - - - - - - - - - Consulting-Administrative - 186 (186) - - - - - - - - - Supplies & Materials - 289 (289) - - - - - - - - - Other Costs - 73 (73) - - - - - - - - - Battle Creek Operating Total - 28,641 (28,641) - 22,846 (22,846) - - 4,276 (4,276) - - FERC 920 & 930 - Administrative Expense Total 54,900 105,186 (50,286) 61,500 95,764 (34,264) 64,000 32,000 21,224 10,776 64,000 - FERC 924 & 925 - Insurance Premiums Insurance Premiums Battle Creek Operating Administrative Costs - 44,104 (44,104) - 50,800 (50,800) - - 20,632 (20,632) - - Battle Creek Operating Total - 44,104 (44,104) - 50,800 (50,800) - - 20,632 (20,632) - - FERC 924 & 925 - Insurance Premiums Total - 44,104 (44,104) - 50,800 (50,800) - - 20,632 (20,632) - - FERC 923 - Outside Services Employed Outside Services Employed Battle Creek Operating Consulting-Administrative - 17,274 (17,274) - 9,134 (9,134) - - 1,845 (1,845) - - Battle Creek Operating Total - 17,274 (17,274) - 9,134 (9,134) - - 1,845 (1,845) - - FERC 923 - Outside Services Employed Total - 17,274 (17,274) - 9,134 (9,134) - - 1,845 (1,845) - - FERC 928 - Regulatory Commission Expenses FERC Admin Fees Battle Creek Operating Administrative Costs - 5,254 (5,254) - 6,475 (6,475) - - - - - - Battle Creek Operating Total - 5,254 (5,254) - 6,475 (6,475) - - - - - - FERC Related Prof Services BRADLEY CONTRACTUAL ENGINEER-FERC LICENSE ISSUES Administrative Costs - - - - 227 (227) - - - - - - BRADLEY CONTRACTUAL ENGINEER-FERC LICENSE ISSUES Total - - - - 227 (227) - - - - - - Battle Creek Operating Administrative Costs - 10,695 (10,695) - 2,002 (2,002) - - - - - - Battle Creek Operating Total - 10,695 (10,695) - 2,002 (2,002) - - - - - - FERC 928 - Regulatory Commission Expenses Total - 15,948 (15,948) - 8,703 (8,703) - - - - - - O&M 4% Allocation to Battle Creek 236,473 - 236,473 303,768 - 303,768 320,638 160,319 - 160,319 321,307 669 Total Bradley Lake Budget 417,373 473,557 (56,184) 490,268 441,218 49,050 600,938 300,469 113,600 186,870 733,784 132,846 Page 12 of 16 ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT Battle Creek Monthly Participating Purchaser Contributions Schedule G A B C D E FY2023 FY2024 FY2025 FY2026 Annual Annual Annual Annual FY2025 to Percent Amend Approved Approved Proposed FY2026 POWER PURCHASER Share Budget Budget Budget Budget Change Chugach Electric 30.40%1,085,180 1,127,194 688,590 738,373 49,784 Homer Electric 37.90%1,352,906 1,405,285 858,472 920,538 62,066 Matanuska Electric 13.80%492,615 511,687 312,583 335,183 22,599 Golden Valley Electric 16.90%603,275 626,631 382,801 410,477 27,676 City of Seward 1.00%35,697 37,079 22,651 24,289 1,638 100.00%3,569,672 3,707,875 2,265,097 2,428,860 163,763 FY2023 FY2024 FY2025 FY2026 FY2025 to Percent Amend Approved Approved Proposed FY2026 POWER PURCHASER Share Monthly Monthly Monthly Monthly Change Chugach Electric 30.40%90,432 93,933 57,382 61,531 4,149 Homer Electric 37.90%112,742 117,107 71,539 76,711 5,172 Matanuska Electric 13.80%41,051 42,641 26,049 27,932 1,883 Golden Valley Electric 16.90%50,273 52,219 31,900 34,206 2,306 City of Seward 1.00%2,975 3,090 1,888 2,024 136 100.00%297,473 308,990 188,758 202,405 13,647 Page 13 of 16 ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT SSQ Line Capital Purchases (not funded by R&C Fund) Schedule H FY23 FY24 FY25 FY23 FY24 FY25 FY26 Actuals Amend Approved Approved Approved Actuals Actuals @12/31/24 Budget Budget Budget Budget SSQ Line Access Documentation 23,555 - - - - - - SSQ Line - 69kV Remediation (Expense prior period demo) (10,581) SSQ Soldotna-Quartz Creek 230kV Construction 441,262 - - - - - - Total Non R&C Capital Purchases 454,236 - - - - - - Capital Project Description Page 14 of 16 ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT SSQ Line Operations and Maintenance Budget Schedule I FY 25 APPROVED FY26 PROPOSED Budget Actual (Over) Under Budget to Date Budget Actual (Over) Under Budget to Date Budget Budget to Date 12/31/24 Actual to Date 12/31/24 (Over) Under Budget to Date Budget Draft Increase (Decrease) From PY Summary by expense type Staff Professional Services (Direct) 53,000 50,664 2,336 15,000 34,357 (19,357) 40,000 20,000 1,266 18,734 10,000 (30,000) Labor & Benefits 56,999 521 56,478 50,000 - 50,000 50,000 25,000 21,212 3,788 50,000 - Travel - - - - 338 (338) - - 39 (39) - - Contractual 200,000 12,768 187,232 175,000 - 175,000 150,000 75,000 48,618 26,382 150,000 - Permitting - - - 40,000 2,969 37,031 36,878 18,439 4,282 14,157 36,878 0 Supplies & Materials 25,000 2,808 22,192 25,000 567 24,433 20,000 10,000 1 9,999 20,000 - Other Costs - 103,186 (103,186) - 1,250 (1,250) - - - - - - Equipment, Furniture & Machinery - 29 (29) - - - - - - - - - Administrative Costs 2,000 100,387 (98,387) 2,000 38,439 (36,439) 47,000 23,500 82 23,418 7,000 (40,000) Total Bradley Lake Budget 336,999 270,363 66,636 307,000 77,920 229,080 343,878 171,939 75,500 96,439 273,878 (70,000) FERC 540 - Rents FERC Land Use Fee SSQ Line Operating Other Costs - 103,186 (103,186) - 1,250 (1,250) - - - - - - SSQ Line Operating Total - 103,186 (103,186) - 1,250 (1,250) - - - - - - FERC 540 - Rents Total - 103,186 (103,186) - 1,250 (1,250) - - - - - - FERC 556 - System Control & Load Dispatching Permits SSQ Line Operating Permitting - - - 40,000 2,969 37,031 36,878 18,439 4,282 14,157 36,878 0 SSQ Line Operating Total - - - 40,000 2,969 37,031 36,878 18,439 4,282 14,157 36,878 0 FERC 556 - System Control & Load Dispatching Total - - - 40,000 2,969 37,031 36,878 18,439 4,282 14,157 36,878 0 FERC 571 - Maintenance of Overhead Lines Maint of OH Lines SSQ Line Operating Labor & Benefits 56,999 521 56,478 50,000 - 50,000 50,000 25,000 21,212 3,788 50,000 - Contractual 200,000 12,768 187,232 175,000 - 175,000 150,000 75,000 48,618 26,382 150,000 - Supplies & Materials 25,000 - 25,000 25,000 - 25,000 20,000 10,000 - 10,000 20,000 - Equipment, Furniture & Machinery - 29 (29) - - - - - - - - - SSQ Line Operating Total 281,999 13,318 268,681 250,000 - 250,000 220,000 110,000 69,830 40,170 220,000 - FERC 571 - Maintenance of Overhead Lines Total 281,999 13,318 268,681 250,000 - 250,000 220,000 110,000 69,830 40,170 220,000 - FERC 920 & 930 - Administrative Expense AEA Bradley Fixed Admin Fees Battle Creek Operating Battle Creek Operating Total - - - - - - - - - - - - SSQ Line Operating Staff Professional Services (Direct) 53,000 50,664 2,336 15,000 34,357 (19,357) 40,000 20,000 1,266 18,734 10,000 (30,000) Travel - - - - 338 (338) - - 39 (39) - - Supplies & Materials - 2,417 (2,417) - 567 (567) - - 1 (1) - - Administrative Costs - 87,510 (87,510) - 36,439 (36,439) 20,000 10,000 82 9,918 - (20,000) SSQ Line Operating Total 53,000 140,590 (87,590) 15,000 71,701 (56,701) 60,000 30,000 1,388 28,612 10,000 (50,000) SSQ Line - 69kV Remediation SSQ Line - 69kV Remediation Total - - - - - - - - - - - - SSQ Line Sterling-Qtz Ck 230kV Construction SSQ Line Sterling-Qtz Ck 230kV Construction Total - - - - - - - - - - - - General & Administrative Costs Supplies & Materials - 391 (391) - - - - - - - - - Administrative Costs - 10,877 (10,877) - - - - - - - - - General & Administrative Costs Total - 11,268 (11,268) - - - - - - - - - Trust & Account Fees SSQ Line Operating Administrative Costs 2,000 2,000 - 2,000 2,000 - 2,000 1,000 - 1,000 2,000 - SSQ Line Operating Total 2,000 2,000 - 2,000 2,000 - 2,000 1,000 - 1,000 2,000 - FERC 920 & 930 - Administrative Expense Total 55,000 153,858 (98,858) 17,000 73,701 (56,701) 62,000 31,000 1,388 29,612 12,000 (50,000) FERC 928 - Regulatory Commission Expenses FERC Related Prof Services BRADLEY CONTRACTUAL ENGINEER-FERC LICENSE ISSUES Administrative Costs - - - - - - 25,000 12,500 - 12,500 5,000 (20,000) BRADLEY CONTRACTUAL ENGINEER-FERC LICENSE ISSUES Total - - - - - - 25,000 12,500 - 12,500 5,000 (20,000) FERC 928 - Regulatory Commission Expenses Total - - - - - - 25,000 12,500 - 12,500 5,000 (20,000) Total Bradley Lake Budget 336,999 270,363 66,636 307,000 77,920 229,080 343,878 171,939 75,500 96,439 273,878 (70,000) - - - - - - - - - - - - FY 23 AMEND FY 24 APPROVED Page 15 of 16 ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT SSQ Line Monthly Utility Contributions Schedule J A B C D E F FY2023 FY2024 FY2025 FY2026 Annual Annual Annual Annual FY2025 to Percent Amend Approved Approved Proposed FY2026 Power Purchaser Share Budget Budget Budget Budget Change Chugach Electric 56.30%427,252 418,621 409,342 385,203 (24,139) Homer Electric 12.00%91,066 89,227 87,249 82,104 (5,145) Matanuska Electric 13.80%104,726 102,611 100,336 94,419 (5,917) Golden Valley Electric 16.90%128,251 125,661 122,875 115,629 (7,246) City of Seward 1.00%7,589 7,436 7,271 6,842 (429) 100.00%758,884 743,555 727,072 684,197 (42,876) FY2023 FY2024 FY2025 FY2026 FY2025 to Power Purchaser Percent Amend Approved Approved Proposed FY2026 Share Monthly Monthly Monthly Monthly Change Chugach Electric 56.30%35,604 34,885 34,112 32,100 (2,012) Homer Electric 12.00%7,589 7,436 7,271 6,842 (429) Matanuska Electric 13.80%8,727 8,551 8,361 7,868 (493) Golden Valley Electric 16.90%10,688 10,472 10,240 9,636 (604) City of Seward 1.00%632 620 606 570 (36) 100.0%63,240 61,963 60,589 57,016 (3,573) Page 16 of 16 813 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: March 17, 2025 SUBJECT: Railbelt Innovation and Resliency Project, Phase 1 GRIP Topic 3, Round 1 – Update As of 3/3/2025, DOE/NETL is able to discuss topics regarding quarterly assessments, reporting, invoicing, general project/award oversight, administrative modifications/amendments, and closeout. Please note that guidance is subject to change. It is acknowledged that due to restrictions, they are still limited in the scope of activities that can be performed. Three invoices has been submitted to DOE and AEA has received payment. AEA is preparing a fourth invoice. On March 19, the official project kick-off is scheduled to be held with DOE. Stantec update: 1. Based on a joint meeting with the Technical Working Group, the transfer capacity will be 200MW using a bi-pole configuration. The monopole is cheaper but the bi-pole has redundancy by design. 2. An environmental review of the previously approved “Southern Intertie” alternate route is being undertaken. 3. They started a concept engineering for the transmission link from Soldotna to Bernice Lake. HEA has been very helpful providing information on existing transmission infrastructure. 4. Stantec is developing a preliminary design for the subsea cable and convertor stations. 5. They have issued an RFI for the cable and convertor stations. Stantec has received a few response but several vendors have requested additional time. AEA has asked EPS to provide a proposal to determine required upgrades and the estimated cost associated with the “Southern Intertie”. Josi Hartley, who has been with AEA for five years, is transitioning to the GRIP Project. 1 Bradley Lake Project Management Committee Report on Railbelt Regional Coordination March 18th, 2025 Overview: The Bradley Lake Project Management Committee is focused on two main objectives: expanding the project's capacity from 90 MW to its full potential of 120 MW and ensuring the reliable and resilient delivery of energy and capacity to all stakeholders. Moreover, the committee is committed to addressing and eliminating large-scale, small-signal instability oscillations that arise when the Bradley Project interacts with the summer valley during periods of low lake levels. Consistent with Section 32 of the Power sales agreement, which commits the participants to seek a high-capacity intertie between the Kenai and Fairbanks, a comprehensive regional transmission plan, named the Grid Modernization and Resiliency Plan (GMRP), has been developed. The implementation of GMRP is expected to yield several ancillary benefits, including a more resilient and robust grid capable of withstanding extreme weather events and other disruptions. The modernization efforts will enhance power transfer capabilities between regions, reduce the need for thermal reserves, decrease fuel consumption, and cut carbon emissions. Additionally, the upgraded grid will better accommodate variable clean energy sources. This report outlines our activities related to these efforts over the months of October and November. Contractors: • None Grant Efforts : State Match efforts The legislature continues to hold hearing and take testimony on energy issues. Looking Forward: • Given the change in administration, delays in funding future GRIP rounds are likely. • Continued efforts to coordinate back-up material for State match efforts 2 Other Activities: • As noted previously, on April 3rd, I transitioned to a reduced (40%) role at EDRRC as I begin assisting the Seward Electric System with their utility management. However, I will continue to oversee the Federal Grant applications process and aid as required in state and utility match efforts. • Engaging in activities to promote stakeholder support for the larger Railbelt package This report reflects our continuous commitment to enhancing the Railbelt region's energy infrastructure and resilience, marking significant milestones in our journey towards a more sustainable and efficient energy future. Bradley Lake Operators Report Page 1 Bradley Lake Operator Report BPMC March 21, 2025 Unit Statistics: Generation Unit 1 (MWhrs) Unit 2 (MWhrs) Total (MWhrs) Jan. 2025 Feb. 2025 Mar* 2025 15,864 3,742 6,231 5,543 0.0 5,504 21,407 3,742 11,825 Hydraulics Avg. Lake Level (ft.) Bradley Fishwater (ac ft.) Battle Creek MIF (ac ft.) Jan. 2025 Feb. 2025 Mar* 2025 1,146 1,146 1,141 538 572 857 0.0 0.0 0.0 Battle Creek Inflows to Bradley (ac ft.) Jan. 2024 Feb. 2024 Mar* 2025 0.0 0.0 0.0 *Lake Level – 1,140.3’ As of March 13, 2025 Activities • Forced Outages –None to report. • Dam/Spillway – Completed the monthly safety inspections, and power tunnel drain readings. • Battle Creek Diversion –Secured. Monitoring the ice in the forebay for a potential early start up. • Crew’s Quarters Kitchen Remodel- Completed the demolition, reframed walls, roughed in the electrical, installed and taped the dry wall. • Safety – There have been no lost time or reportable accidents for the months of February and March 2025. Next safety meeting is April 9, 2025. • Personnel- Steven Spicer has accepted the Plant Operator/Rover position. His starting date is April 2, 2025. • DHittle Report- The engineer that historically completed the report has retired. He has agreed to review and refresh the report one last time. We will accomplish this in FY2026. • We have cleaned up all the slash and debris piles around the project, incorporating them into the burn pile. We completed burning the pile at the end of February 2025. • Cold Storage Building- We have completed changing the outside lighting on the building to LED fixtures. • Spring Outage- April 2-20, 2025. Bradley Lake Operators Report Page 2 Contractors/ Visitors • HEA - Larry Jorgensen attended safety meetings. • Anderson Construction-Andrew & Randall Anderson, crew’s kitchen remodel. • Country Electric- Aspen Marlin, electrical rough in crew’s kitchen remodel. • Turn Technologies- Phillip Cole, vibration survey. • Steve & Jennifer Spicer- Site Visit Bradley Lake, Level 1,141.4, March 10, 2025 Bradley Lake Operators Report Page 3 Bradley Lake Fish water Screen Debris Removal Project 2016 Goat Just Above Bradley Lake Dam 3/4/2025. Bradley Lake Operators Report Page 4 Bradley Lake Project Tail Race 3/14/2025 Crew’s Quarters Kitchen Remodle Stud walls up & Electrical roughed in. Sheetrock up and taped. Alaska Energy Authority Bradley Lake Budget to Actual Expenses 07/01/2024 to 02/28/2025 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 - - - JLG All Terrain Fork Lift- New Purchase - - 190,000 213,942 - - Replace BL#5 2009 F150 Crew Cab Pickup - - 45,000 - - 48,995 Warehouse Heaters x2 (Replace) - - 5,000 - - - ISO Shipping Containers x2 (Replace) - - 40,000 30,700 - - Replace 2012 Polaris Side by Side - - - - 65,000 62,645 Crew Quarters Remodel - - - - 85,000 40,937 New Circuit Breaker - Generator #2 Repair - - - - - 60,988 Total Non R&C Capital Purchases 1,558,000 1,262,914 948,000 289,857 150,000 213,565 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 02/28/25 Page 2 of 13 ALASKA ENERGY AUTHORITY BRADLEY LAKE OPERATIONS & MAINTENANCE SCHEDULE B BUDGET TO ACTUAL EXPENSES FOR THE PERIOD 07/01/2024 THROUGH 02/28/2025 FY 25 FY 24 FY25 Approved Budget BUDGET % 07/01/2024 - 02/28/2025 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) 312,585 208,390 - - 243,638 243,638 (35,248) 387,700 325,581 Labor & Benefits 2,054,317 1,369,545 643,796 5,673 153,437 802,906 566,639 2,023,067 1,763,168 Travel 51,500 34,333 953 1,433 58,087 60,472 (26,139) 78,500 23,515 Training 55,000 36,667 3,990 - 2,539 6,530 30,137 50,000 10,238 Contractual 1,243,010 828,673 485,436 - 230,255 715,691 112,982 1,181,381 917,237 Consulting-Administrative 315,000 210,000 - - 44,587 44,587 165,413 265,000 236,601 Supplies & Materials 378,500 252,333 131,953 6,235 622 138,810 113,523 330,332 166,554 Other Costs 112,718 75,145 26,513 17,023 6,212 49,749 25,397 79,318 62,747 Equipment, Furniture & Machinery 35,000 23,333 7,826 - - 7,826 15,508 165,000 159,553 Administrative Costs 1,978,224 1,318,816 40,253 - 986,010 1,026,264 292,552 1,553,800 1,807,663 Indirect Costs 1,480,105 986,737 766,319 - - 766,319 220,418 1,480,105 1,315,396 O&M 4% Allocation to Battle Creek (320,638) (213,759) - - - - (213,759) (303,768) - Total Bradley Lake Budget 7,695,321 5,130,214 2,107,040 30,365 1,725,386 3,862,791 1,267,423 7,290,435 6,788,254 FERC 535 - Operation Supervision & Engineering Operations Sup/Eng Bradley Lake Operating Labor & Benefits 105,451 70,301 57,090 - - 57,090 13,211 105,451 106,921 Travel 5,000 3,333 423 - - 423 2,911 5,000 1,972 Training 5,000 3,333 - - - - 3,333 5,000 581 Contractual 3,000 2,000 - - - - 2,000 3,000 - Supplies & Materials 4,000 2,667 - - - - 2,667 4,000 233 Indirect Costs 155,698 103,799 80,742 - - 80,742 23,057 155,698 149,004 Bradley Lake Operating Total 278,149 185,433 138,254 - - 138,254 47,178 278,149 258,711 FERC 535 - Operation Supervision & Engineering Total 278,149 185,433 138,254 - - 138,254 47,178 278,149 258,711 FERC 537 - Hydraulic Expenses Hydraulic Expenses Bradley Lake Operating Labor & Benefits 95,262 63,508 43,672 - - 43,672 19,836 95,262 72,310 Contractual - - - - - - - 60,000 - Supplies & Materials 4,000 2,667 613 - - 613 2,053 2,000 2,461 Indirect Costs 109,250 72,833 61,227 - - 61,227 11,607 109,250 100,356 Bradley Lake Operating Total 208,512 139,008 105,512 - - 105,512 33,496 266,512 175,127 FERC 537 - Hydraulic Expenses Total 208,512 139,008 105,512 - - 105,512 33,496 266,512 175,127 FERC 538 - Electric Expenses Electric Expenses Bradley Lake Operating Labor & Benefits 218,044 145,363 131,313 - - 131,313 14,050 218,044 211,756 Travel 7,000 4,667 - - - - 4,667 7,000 209 Training 30,000 20,000 3,990 - - 3,990 16,010 30,000 9,514 Contractual 10,000 6,667 2,610 - - 2,610 4,056 5,000 2,506 Supplies & Materials 18,500 12,333 753 - - 753 11,581 13,732 11,183 Indirect Costs 262,004 174,669 154,581 - - 154,581 20,088 262,004 246,564 Bradley Lake Operating Total 545,548 363,699 293,247 - - 293,247 70,451 535,780 481,731 FERC 538 - Electric Expenses Total 545,548 363,699 293,247 - - 293,247 70,451 535,780 481,731 FERC 539 - Misc. Hydraulic Power Generation Expenses Misc Hydro Power Exp Bradley Lake Operating Labor & Benefits 107,742 71,828 45,454 - - 45,454 26,374 105,742 82,466 Training 20,000 13,333 - - - - 13,333 15,000 - Contractual 385,067 256,711 283,380 - - 283,380 (26,669) 360,067 398,523 Supplies & Materials 25,000 16,667 18,696 - - 18,696 (2,029) 25,000 34,014 Indirect Costs 114,320 76,213 64,835 - - 64,835 11,379 114,320 114,239 Bradley Lake Operating Total 652,129 434,753 412,365 - - 412,365 22,388 620,129 629,241 BRADLEY CIRCUITS/RADIO TO BERNICE LK Other Costs 35,695 23,797 19,990 - - 19,990 3,807 35,695 34,268 BRADLEY CIRCUITS/RADIO TO BERNICE LK Total 35,695 23,797 19,990 - - 19,990 3,807 35,695 34,268 BRADLEY CIRCUITS BERNICE LK TO ANCH Other Costs 29,773 19,849 - 16,908 - 16,908 2,941 29,773 28,239 BRADLEY CIRCUITS BERNICE LK TO ANCH Total 29,773 19,849 - 16,908 - 16,908 2,941 29,773 28,239 LOWER BRADLEY CIRCUITS/RADIO TO BARGE DOCK Other Costs 45,000 30,000 6,524 - - 6,524 23,476 - - LOWER BRADLEY CIRCUITS/RADIO TO BARGE DOCK Total 45,000 30,000 6,524 - - 6,524 23,476 - - FERC 539 - Misc. Hydraulic Power Generation Expenses Total 762,597 508,398 438,878 16,908 - 455,786 52,612 685,597 691,748 FERC 541 - Maintenance Supervision & Engineering Maint Supervision/Eng Bradley Lake Operating Labor & Benefits 110,451 73,634 57,090 - - 57,090 16,544 110,451 112,706 Indirect Costs 155,698 103,799 80,742 - - 80,742 23,057 155,698 149,940 Bradley Lake Operating Total 266,149 177,433 137,832 - - 137,832 39,601 266,149 262,645 FERC 541 - Maintenance Supervision & Engineering Total 266,149 177,433 137,832 - - 137,832 39,601 266,149 262,645 FERC 542 - Maintenance of Structures Maintenance of Structures Default Default Total - - - - - - - - - Bradley Lake Operating Labor & Benefits 89,710 59,807 38,474 - - 38,474 21,333 89,710 70,851 Contractual 126,000 84,000 64,725 - - 64,725 19,275 56,000 43,732 Supplies & Materials 70,000 46,667 37,755 - - 37,755 8,911 78,000 20,423 Equipment, Furniture & Machinery 20,000 13,333 7,826 - - 7,826 5,508 15,000 19,772 Indirect Costs 102,350 68,233 54,234 - - 54,234 13,999 102,350 95,457 Bradley Lake Operating Total 408,060 272,040 203,013 - - 203,013 69,027 341,060 250,235 FERC 542 - Maintenance of Structures Total 408,060 272,040 203,013 - - 203,013 69,027 341,060 250,235 FERC 543 - Maintenance of Reservoirs, Dams & Waterways Maint Res, Dams, WWays Bradley Lake Operating Labor & Benefits 51,783 34,522 8,394 - - 8,394 26,128 51,783 6,012 Page 3 of 13 ALASKA ENERGY AUTHORITY BRADLEY LAKE OPERATIONS & MAINTENANCE SCHEDULE B BUDGET TO ACTUAL EXPENSES FOR THE PERIOD 07/01/2024 THROUGH 02/28/2025 FY 25 FY 24 FY25 Approved Budget BUDGET % 07/01/2024 - 02/28/2025 HEA Actual CEA Actual AEA Actual Total Actual (Over) Under Budget to Date FY24 Approved Budget FY24 Actual Contractual 39,500 26,333 - - - - 26,333 6,500 - Supplies & Materials 85,000 56,667 - - - - 56,667 20,000 - Equipment, Furniture & Machinery 15,000 10,000 - - - - 10,000 - - Indirect Costs 58,650 39,100 10,293 - - 10,293 28,807 58,650 8,664 Bradley Lake Operating Total 249,933 166,622 18,687 - - 18,687 147,935 136,933 14,675 BRADLEY POWER TUNNEL MAINT (Dam) Contractual 15,000 10,000 - - - - 10,000 15,000 - BRADLEY POWER TUNNEL MAINT (Dam) Total 15,000 10,000 - - - - 10,000 15,000 - FERC 543 - Maintenance of Reservoirs, Dams & Waterways Total 264,933 176,622 18,687 - - 18,687 157,935 151,933 14,675 FERC 544 - Maintenance of Electric Plant Maintenance of Elec Plant Bradley Lake Operating Labor & Benefits 309,110 206,073 143,511 - - 143,511 62,563 309,110 259,650 Travel 4,500 3,000 530 - - 530 2,470 4,500 354 Contractual 75,000 50,000 47,107 - - 47,107 2,893 40,000 51,632 Supplies & Materials 40,000 26,667 20,055 - - 20,055 6,612 40,000 36,163 Indirect Costs 423,178 282,119 205,678 - - 205,678 76,441 423,178 360,486 Bradley Lake Operating Total 851,788 567,859 416,881 - - 416,881 150,978 816,788 708,284 FERC 544 - Maintenance of Electric Plant Total 851,788 567,859 416,881 - - 416,881 150,978 816,788 708,284 FERC 545 - Maintenance of Misc. Hydraulic Plant Maint of Misc Hydr Plant Bradley Lake Operating Labor & Benefits 69,297 46,198 38,046 - - 38,046 8,152 69,297 65,189 Contractual 45,000 30,000 26,209 - - 26,209 3,791 45,000 74,760 Supplies & Materials 68,000 45,333 26,974 - - 26,974 18,359 68,000 53,871 Equipment, Furniture & Machinery - - - - - - - 150,000 139,780 Indirect Costs 98,957 65,971 53,988 - - 53,988 11,984 98,957 90,687 Bradley Lake Operating Total 281,254 187,503 145,217 - - 145,217 42,286 431,254 424,287 FERC 545 - Maintenance of Misc. Hydraulic Plant Total 281,254 187,503 145,217 - - 145,217 42,286 431,254 424,287 FERC 556 - System Control & Load Dispatching System Cntl & Load Disp Bradley Lake Operating Labor & Benefits 20,174 13,449 21,062 - - 21,062 (7,613) 20,174 11,901 Contractual 103,500 69,000 46,898 - - 46,898 22,102 85,500 44,724 Supplies & Materials 12,000 8,000 - - - - 8,000 12,000 438 Bradley Lake Operating Total 135,674 90,449 67,960 - - 67,960 22,489 117,674 57,063 Snow Measurement Bradley Lake Operating Contractual 10,000 6,667 - - 9,600 9,600 (2,933) 10,000 9,600 Bradley Lake Operating Total 10,000 6,667 - - 9,600 9,600 (2,933) 10,000 9,600 Seismic Service Bradley Lake Operating Contractual 64,868 43,245 - - 30,539 30,539 12,707 62,000 60,755 Bradley Lake Operating Total 64,868 43,245 - - 30,539 30,539 12,707 62,000 60,755 Streamguaging Serv Bradley Lake Operating Contractual 216,275 144,183 - - 190,116 190,116 (45,933) 278,014 151,920 Bradley Lake Operating Total 216,275 144,183 - - 190,116 190,116 (45,933) 278,014 151,920 Permits Bradley Lake Operating Other Costs 350 233 - - 240 240 (7) 350 240 Bradley Lake Operating Total 350 233 - - 240 240 (7) 350 240 FERC 556 - System Control & Load Dispatching Total 427,167 284,778 67,960 - 230,495 298,455 (13,677) 468,038 279,578 FERC 562 - Station Expenses Station Expenses Bradley Lake Operating Labor & Benefits 96,612 64,408 48,233 5,673 - 53,906 10,502 102,043 162,103 Travel 2,500 1,667 - 1,433 - 1,433 234 3,500 336 Contractual 79,800 53,200 14,507 - - 14,507 38,693 80,300 79,087 Supplies & Materials 23,000 15,333 15,141 6,235 - 21,377 (6,043) 19,600 5,501 Other Costs 1,900 1,267 - 115 - 115 1,151 1,500 - Bradley Lake Operating Total 203,812 135,875 77,881 13,457 - 91,337 44,537 206,943 247,026 FERC 562 - Station Expenses Total 203,812 135,875 77,881 13,457 - 91,337 44,537 206,943 247,026 FERC 571 - Maintenance of Overhead Lines Maint of OH Lines Bradley Lake Operating Labor & Benefits 36,500 24,333 11,459 - - 11,459 12,874 16,000 52,998 Contractual 70,000 46,667 - - - - 46,667 75,000 - Supplies & Materials 20,000 13,333 11,965 - - 11,965 1,368 30,000 - Bradley Lake Operating Total 126,500 84,333 23,424 - - 23,424 60,909 121,000 52,998 FERC 571 - Maintenance of Overhead Lines Total 126,500 84,333 23,424 - - 23,424 60,909 121,000 52,998 FERC 920 & 930 - Administrative Expense AEA Bradley Fixed Admin Fees Bradley Lake Operating Staff Professional Services (Direct) 312,585 208,390 - - 243,638 243,638 (35,248) 387,700 325,581 Travel - - - - 56,019 56,019 (56,019) - 20,643 Training - - - - 2,539 2,539 (2,539) - 144 Consulting-Administrative - - - - 307 307 (307) - 17,374 Supplies & Materials - - - - 622 622 (622) - 2,268 Other Costs - - - - 5,972 5,972 (5,972) - - Administrative Costs 172,500 115,000 - - 117,301 117,301 (2,301) 2,500 186,707 Bradley Lake Operating Total 485,085 323,390 - - 426,398 426,398 (103,008) 390,200 552,716 General & Administrative Costs General & Administrative Costs Total - - - - - - - - - Operating Committee Exp-Audit Bradley Lake Operating Administrative Costs 41,000 27,333 - - 38,534 38,534 (11,201) 22,000 35,030 Page 4 of 13 ALASKA ENERGY AUTHORITY BRADLEY LAKE OPERATIONS & MAINTENANCE SCHEDULE B BUDGET TO ACTUAL EXPENSES FOR THE PERIOD 07/01/2024 THROUGH 02/28/2025 FY 25 FY 24 FY25 Approved Budget BUDGET % 07/01/2024 - 02/28/2025 HEA Actual CEA Actual AEA Actual Total Actual (Over) Under Budget to Date FY24 Approved Budget FY24 Actual Bradley Lake Operating Total 41,000 27,333 - - 38,534 38,534 (11,201) 22,000 35,030 Operating Committee Exp-Legal Bradley Lake Operating Administrative Costs 80,000 53,333 - - 64,290 64,290 (10,956) 80,000 149,198 Bradley Lake Operating Total 80,000 53,333 - - 64,290 64,290 (10,956) 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 8,667 - - 14,588 14,588 (5,921) 13,000 14,110 Bradley Lake Operating Total 13,000 8,667 - - 14,588 14,588 (5,921) 13,000 14,110 Professional Consultants Bradley Lake Operating Labor & Benefits 744,181 496,121 - - 153,437 153,437 342,684 730,000 548,307 Travel 32,500 21,667 - - 2,068 2,068 19,599 58,500 - Supplies & Materials 9,000 6,000 - - - - 6,000 18,000 - Other Costs - - - - - - - 12,000 - Bradley Lake Operating Total 785,681 523,787 - - 155,505 155,505 368,283 818,500 548,307 FERC 920 & 930 - Administrative Expense Total 1,404,766 936,511 - - 699,315 699,315 237,196 1,336,700 1,299,363 FERC 924 & 925 - Insurance Premiums Insurance Premiums Bradley Lake Operating Administrative Costs 1,371,724 914,483 40,253 - 692,258 732,512 181,971 1,138,300 1,219,190 Bradley Lake Operating Total 1,371,724 914,483 40,253 - 692,258 732,512 181,971 1,138,300 1,219,190 FERC 924 & 925 - Insurance Premiums Total 1,371,724 914,483 40,253 - 692,258 732,512 181,971 1,138,300 1,219,190 FERC 923 - Outside Services Employed Outside Services Employed Bradley Lake Operating Consulting-Administrative 315,000 210,000 - - 44,280 44,280 165,720 265,000 219,228 Bradley Lake Operating Total 315,000 210,000 - - 44,280 44,280 165,720 265,000 219,228 FERC 923 - Outside Services Employed Total 315,000 210,000 - - 44,280 44,280 165,720 265,000 219,228 FERC 928 - Regulatory Commission Expenses FERC Admin Fees Bradley Lake Operating Administrative Costs 180,000 120,000 - - - - 120,000 165,000 155,391 Bradley Lake Operating Total 180,000 120,000 - - - - 120,000 165,000 155,391 FERC Related Prof Services Bradley Lake Operating Bradley Lake Operating Total - - - - - - - - - BRADLEY CONTRACTUAL ENGINEER-FERC LICENSE ISSUES Administrative Costs 120,000 80,000 - - 59,039 59,039 20,961 120,000 48,036 BRADLEY CONTRACTUAL ENGINEER-FERC LICENSE ISSUES Total 120,000 80,000 - - 59,039 59,039 20,961 120,000 48,036 FERC 928 - Regulatory Commission Expenses Total 300,000 200,000 - - 59,039 59,039 140,961 285,000 203,427 O&M 4% Allocation to Battle Creek (320,638) (213,759) - - - - (213,759) (303,768) - Total Bradley Lake Budget 7,695,321 5,130,214 2,107,040 30,365 1,725,386 3,862,791 1,267,423 7,290,435 6,788,254 - - - - - - - - - Page 5 of 13 Actual Projected Actual Projected Actual Projected @ 6/30/23 TO REPAY Budget @ 6/30/24 TO REPAY Budget @ 6/30/25 TO REPAY Budget Description Expense @6/30/23 FY23 Expense @6/30/24 FY24 Expense @6/30/25 FY25 R&C FUND PROJECTS Governor - 4,052,070 - - 4,052,070 - - 4,052,070 - Replace RFLS - 251,093 - - 251,093 - - 251,093 - Replace Runners - 1,946,733 - - 1,946,733 - - 1,946,733 - Replace cable from dam to power house - 2,321,923 - - 2,321,923 - - 2,321,923 - Replace power system stabilizer - 619,205 - - 619,205 - - 619,205 - Replace two RTUs - 86,905 - - 86,905 - - 86,905 - Culvert Repairs - 675,967 - - 675,967 - - 675,967 - Tower Repair for Jack Frost Heaves - 887,597 - - 887,597 - - 887,597 - Replace Plant and SCADA Controls - 1,344,683 - - 1,344,683 - - 1,344,683 - Vibration Monitoring System - 490 - - 490 - - 490 - Fire Alarm System Replacement 3,173 137,397 1,500,000 33,942 171,339 1,338,000 - 171,339 1,307,299 Battle Creek Diversion - 1,170,000 - - 1,170,000 - - 1,170,000 - Bradley Replace Electro-Mechanical Relays - 1,277,197 - - 1,277,197 - - 1,277,197 - Fishwater Screen Debris Removal - 312,236 - - 312,236 - - 312,236 - Turbine Nozzle Repair - 1,428,861 - - 1,428,861 - - 1,428,861 - SVC replacement Daves Creek | Soldotna - 8,517,991 - - 8,517,991 - - 8,517,991 - Equipment Storage Shed - 510,550 - - 510,550 - - 510,550 - Emerson Operating System Upgrade - 622,665 - - 622,665 - - 622,665 - Generator #2 Replacement - 953,213 - - 953,213 - - 953,213 - Road Grader - 342,330 - - 342,330 - - 342,330 - Battle Creek Construction - 3,739,591 - - 3,739,591 - - 3,739,591 - Battle Creek Cash Call-Expended - 750,000 - - 750,000 - - 750,000 - Battle Creek Cash Call-Paid by Utilities - (750,000) - - (750,000) - - (750,000) - Needle Repairs - 1,482,791 - - 1,482,791 - - 1,482,791 - Construct Additional Residence 125,175 194,769 - 805,515 1,000,284 910,000 75,010 1,075,294 - Spillway Raise & Expansion Project (aka Dixon Diversion)**661,472 1,208,731 1,500,000 175,651 1,384,381 252,000 555,769 1,940,150 839,270 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 2,135,306 37,433,487 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) (127,730) Net Transfer from Revenue Fund (2,857,925) (3,584,851) (2,708,538) Cumulative Prior Years R&C Repayments (29,808,017) (31,677,137) (33,746,653) Due to (from) Utilities 988,805 1,515,335 1,426,904 Adjust Due to R&C Actual - - - (28,819,211) (30,161,802) (32,319,749) NET DUE TO R&C FUND 2,407,851 1,551,528 2,405,201 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 100,912 246,205 127,730 Participants Contributions to R&C Fund 2,757,013 3,338,646 2,580,808 Ending Investment Balance 4,370,333 6,177,000 6,157,010 Accrued Due to (from) Utilities (988,805) (1,515,335) (1,426,904) R&C payable back to the revenue fund - - - Accrued R&C vendor Payable at Year End (789,379) (1,213,194) (2,135,306) PROJECTED NET DUE + ENDING INVESTMENT BALANCE 5,000,000 5,000,000 5,000,000 **Spillway Raise & Expansion Project (aka Dixon Diversion) Paid with Bradley Lake R&C Fund ($2.3M) 1,940,591 Paid with Renewable Energy Fund Grant ($1M) 684,360 Paid with State Appropriations ($5M)3,714,987 Paid with State Appropriations ($1.4M) - Total Project Cost at 02/28/25 6,339,938 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 533,827 1,869,230 2,069,516 1,281,634 BRADLEY LAKE R&C FUND DISBURSEMENTS AND REPAYMENTS SCHEDULE D Expenses for the period 07/01/24 to 02/28/25 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 02/28/25 Page 7 of 13 BATTLE CREEK OPERATIONS & MAINTENANCE SCHEDULE F BUDGET TO ACTUAL EXPENSES FOR THE PERIOD 07/01/2024 THROUGH 02/28/2025 FY 25 FY 24 FY25 Approved Budget BUDGET % 07/01/2024 - 02/28/2025 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 33,333 - - 19,886 19,886 13,447 50,000 48,886 Labor & Benefits 10,000 6,667 26,825 236 6,393 33,454 (26,788) - 73,465 Travel - - 40 60 2,885 2,985 (2,985) - 1,411 Training - - 166 - 106 272 (272) - 427 Contractual 201,300 134,200 20,227 - 14,259 34,486 99,714 125,000 154,741 Consulting-Administrative - - - - 1,858 1,858 (1,858) - 9,858 Supplies & Materials 5,000 3,333 5,498 260 26 5,784 (2,450) - 6,940 Other Costs - - 1,105 709 259 2,073 (2,073) - 2,614 Equipment, Furniture & Machinery - - 326 - - 326 (326) - 6,648 Administrative Costs 14,000 9,333 1,677 - 45,084 46,761 (37,428) 11,500 81,420 Indirect Costs - - 31,930 - - 31,930 (31,930) - 54,808 O&M 4% Allocation to Battle Creek 320,638 213,759 - - - - 213,759 303,768 - Total Battle Creek Budget 600,938 400,626 87,793 1,265 90,756 179,815 220,811 490,268 441,218 FERC 535 - Operation Supervision & Engineering Operations Sup/Eng Battle Creek Operating Labor & Benefits 1,500 1,000 2,379 - - 2,379 (1,379) - 4,455 Travel - - 18 - - 18 (18) - 82 Training - - - - - - - - 24 Supplies & Materials 1,000 667 - - - - 667 - 10 Indirect Costs - - 3,364 - - 3,364 (3,364) - 6,209 Battle Creek Operating Total 2,500 1,667 5,761 - - 5,761 (4,094) - 10,780 FERC 535 - Operation Supervision & Engineering Total 2,500 1,667 5,761 - - 5,761 (4,094) - 10,780 FERC 537 - Hydraulic Expenses Hydraulic Expenses Battle Creek Operating Labor & Benefits 1,500 1,000 1,820 - - 1,820 (820) - 3,013 Contractual 145,000 96,667 - - 4,665 4,665 92,001 70,000 62,923 Supplies & Materials 1,000 667 26 - - 26 641 - 103 Indirect Costs - - 2,551 - - 2,551 (2,551) - 4,182 Battle Creek Operating Total 147,500 98,333 4,396 - 4,665 9,062 89,272 70,000 70,220 FERC 537 - Hydraulic Expenses Total 147,500 98,333 4,396 - 4,665 9,062 89,272 70,000 70,220 FERC 538 - Electric Expenses Electric Expenses Battle Creek Operating Labor & Benefits 1,500 1,000 5,471 - - 5,471 (4,471) - 8,823 Travel - - - - - - - - 9 Training - - 166 - - 166 (166) - 396 Contractual - - 109 - - 109 (109) - 104 Supplies & Materials 1,000 667 31 - - 31 635 - 466 Indirect Costs - - 6,441 - - 6,441 (6,441) - 10,273 Battle Creek Operating Total 2,500 1,667 12,219 - - 12,219 (10,552) - 20,072 FERC 538 - Electric Expenses Total 2,500 1,667 12,219 - - 12,219 (10,552) - 20,072 FERC 539 - Misc. Hydraulic Power Generation Expenses Misc Hydro Power Exp Battle Creek Operating Labor & Benefits 1,500 1,000 1,894 - - 1,894 (894) - 3,436 Contractual - - 11,808 - - 11,808 (11,808) - 16,605 Supplies & Materials 1,000 667 779 - - 779 (112) - 1,417 Other Costs - - 1,105 705 - 1,809 (1,809) - 2,604 Indirect Costs - - 2,701 - - 2,701 (2,701) - 4,760 Battle Creek Operating Total 2,500 1,667 18,287 705 - 18,991 (17,324) - 28,823 FERC 539 - Misc. Hydraulic Power Generation Expenses Total 2,500 1,667 18,287 705 - 18,991 (17,324) - 28,823 FERC 541 - Maintenance Supervision & Engineering Maint Supervision/Eng Battle Creek Operating Labor & Benefits 2,500 1,667 2,379 - - 2,379 (712) - 4,696 Indirect Costs - - 3,364 - - 3,364 (3,364) - 6,247 Battle Creek Operating Total 2,500 1,667 5,743 - - 5,743 (4,076) - 10,944 FERC 541 - Maintenance Supervision & Engineering Total 2,500 1,667 5,743 - - 5,743 (4,076) - 10,944 FERC 542 - Maintenance of Structures Maintenance of Structures Battle Creek Operating Labor & Benefits 1,500 1,000 1,603 - - 1,603 (603) - 2,952 Contractual - - 2,697 - - 2,697 (2,697) - 1,822 Supplies & Materials 1,000 667 1,573 - - 1,573 (906) - 851 Equipment, Furniture & Machinery - - 326 - - 326 (326) - 824 Indirect Costs - - 2,260 - - 2,260 (2,260) - 3,977 Battle Creek Operating Total 2,500 1,667 8,459 - - 8,459 (6,792) - 10,426 FERC 542 - Maintenance of Structures Total 2,500 1,667 8,459 - - 8,459 (6,792) - 10,426 FERC 543 - Maintenance of Reservoirs, Dams & Waterways Maint Res, Dams, WWays Battle Creek Operating Labor & Benefits - - 350 - - 350 (350) - 250 Indirect Costs - - 429 - - 429 (429) - 361 Battle Creek Operating Total - - 779 - - 779 (779) - 611 FERC 543 - Maintenance of Reservoirs, Dams & Waterways Total - - 779 - - 779 (779) - 611 FERC 544 - Maintenance of Electric Plant Maintenance of Elec Plant Battle Creek Operating Labor & Benefits - - 5,980 - - 5,980 (5,980) - 10,819 Travel - - 22 - - 22 (22) - 15 Contractual - - 1,963 - - 1,963 (1,963) - 2,151 Supplies & Materials - - 836 - - 836 (836) - 1,507 Indirect Costs - - 8,570 - - 8,570 (8,570) - 15,020 Battle Creek Operating Total - - 17,370 - - 17,370 (17,370) - 29,512 ALASKA ENERGY AUTHORITY Page 8 of 13 BATTLE CREEK OPERATIONS & MAINTENANCE SCHEDULE F BUDGET TO ACTUAL EXPENSES FOR THE PERIOD 07/01/2024 THROUGH 02/28/2025 FY 25 FY 24 FY25 Approved Budget BUDGET % 07/01/2024 - 02/28/2025 HEA Actual CEA Actual AEA Actual Total Actual (Over) Under Budget to Date FY24 Approved Budget FY24 Actual ALASKA ENERGY AUTHORITY FERC 544 - Maintenance of Electric Plant Total - - 17,370 - - 17,370 (17,370) - 29,512 FERC 545 - Maintenance of Misc. Hydraulic Plant Maint of Misc Hydr Plant Battle Creek Operating Labor & Benefits - - 1,585 - - 1,585 (1,585) - 2,716 Contractual - - 1,092 - - 1,092 (1,092) - 3,115 Supplies & Materials - - 1,124 - - 1,124 (1,124) - 2,245 Equipment, Furniture & Machinery - - - - - - - - 5,824 Indirect Costs - - 2,249 - - 2,249 (2,249) - 3,779 Battle Creek Operating Total - - 6,051 - - 6,051 (6,051) - 17,679 FERC 545 - Maintenance of Misc. Hydraulic Plant Total - - 6,051 - - 6,051 (6,051) - 17,679 FERC 556 - System Control & Load Dispatching System Cntl & Load Disp Battle Creek Operating Labor & Benefits - - 878 - - 878 (878) - 496 Contractual - - 1,954 - - 1,954 (1,954) - 1,864 Supplies & Materials - - - - - - - - 18 Battle Creek Operating Total - - 2,832 - - 2,832 (2,832) - 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 - - - - 1,272 1,272 (1,272) - 2,531 Battle Creek Operating Total - - - - 1,272 1,272 (1,272) - 2,531 Streamguaging Serv Battle Creek Operating Contractual 56,300 37,533 - - 7,922 7,922 29,612 55,000 59,930 Battle Creek Operating Total 56,300 37,533 - - 7,922 7,922 29,612 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 37,533 2,832 - 9,604 12,436 25,098 55,000 65,249 FERC 562 - Station Expenses Station Expenses Battle Creek Operating Labor & Benefits - - 2,010 236 - 2,246 (2,246) - 6,754 Travel - - - 60 - 60 (60) - 14 Contractual - - 604 - - 604 (604) - 3,295 Supplies & Materials - - 631 260 - 891 (891) - 229 Other Costs - - - 5 - 5 (5) - - Battle Creek Operating Total - - 3,245 561 - 3,806 (3,806) - 10,293 FERC 562 - Station Expenses Total - - 3,245 561 - 3,806 (3,806) - 10,293 FERC 571 - Maintenance of Overhead Lines Maint of OH Lines Battle Creek Operating Labor & Benefits - - 477 - - 477 (477) - 2,208 Supplies & Materials - - 499 - - 499 (499) - - Battle Creek Operating Total - - 976 - - 976 (976) - 2,208 FERC 571 - Maintenance of Overhead Lines Total - - 976 - - 976 (976) - 2,208 FERC 920 & 930 - Administrative Expense AEA Bradley Fixed Admin Fees Battle Creek Operating Staff Professional Services (Direct) 50,000 33,333 - - 19,886 19,886 13,447 50,000 48,886 Travel - - - - 2,799 2,799 (2,799) - 1,291 Training - - - - 106 106 (106) - 6 Consulting-Administrative - - - - 13 13 (13) - 724 Supplies & Materials - - - - 26 26 (26) - 94 Other Costs - - - - 249 249 (249) - - Administrative Costs - - - - 4,888 4,888 (4,888) - 7,793 Battle Creek Operating Total 50,000 33,333 - - 27,966 27,966 5,367 50,000 58,794 Operating Committee Exp-Audit Battle Creek Operating Administrative Costs - - - - 1,606 1,606 (1,606) - 1,460 Battle Creek Operating Total - - - - 1,606 1,606 (1,606) - 1,460 Operating Committee Exp-Legal Battle Creek Operating Administrative Costs 5,000 3,333 - - 2,679 2,679 655 5,000 6,217 Battle Creek Operating Total 5,000 3,333 - - 2,679 2,679 655 5,000 6,217 Operat Committee Exp-Arbitrage Battle Creek Operating Administrative Costs 2,500 1,667 - - - - 1,667 - 1,690 Battle Creek Operating Total 2,500 1,667 - - - - 1,667 - 1,690 Trust & Account Fees Battle Creek Operating Administrative Costs 5,500 3,667 - - 4,000 4,000 (333) 5,500 4,170 Battle Creek Operating Total 5,500 3,667 - - 4,000 4,000 (333) 5,500 4,170 Misc Admin Battle Creek Operating Administrative Costs 1,000 667 - - 608 608 59 1,000 588 Battle Creek Operating Total 1,000 667 - - 608 608 59 1,000 588 Professional Consultants Battle Creek Operating Labor & Benefits - - - - 6,393 6,393 (6,393) - 22,846 Travel - - - - 86 86 (86) - - Page 9 of 13 BATTLE CREEK OPERATIONS & MAINTENANCE SCHEDULE F BUDGET TO ACTUAL EXPENSES FOR THE PERIOD 07/01/2024 THROUGH 02/28/2025 FY 25 FY 24 FY25 Approved Budget BUDGET % 07/01/2024 - 02/28/2025 HEA Actual CEA Actual AEA Actual Total Actual (Over) Under Budget to Date FY24 Approved Budget FY24 Actual ALASKA ENERGY AUTHORITY Battle Creek Operating Total - - - - 6,479 6,479 (6,479) - 22,846 FERC 920 & 930 - Administrative Expense Total 64,000 42,667 - - 43,338 43,338 (671) 61,500 95,764 FERC 924 & 925 - Insurance Premiums Insurance Premiums Battle Creek Operating Administrative Costs - - 1,677 - 28,844 30,521 (30,521) - 50,800 Battle Creek Operating Total - - 1,677 - 28,844 30,521 (30,521) - 50,800 FERC 924 & 925 - Insurance Premiums Total - - 1,677 - 28,844 30,521 (30,521) - 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 320,638 213,759 - - - - 213,759 303,768 - Total Battle Creek Budget 600,938 400,626 87,793 1,265 90,756 179,815 220,811 490,268 441,218 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 02/28/25 Page 11 of 13 FY 25 FY 24 FY25 Approved Budget BUDGET % 07/01/2024 - 02/28/2025 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 26,667 - - 1,541 1,541 25,126 15,000 34,357 Labor & Benefits 50,000 33,333 21,212 - - 21,212 12,121 50,000 - Travel - - - - 39 39 (39) - 338 Contractual 150,000 100,000 48,618 - - 48,618 51,382 175,000 - Permitting 36,878 24,585 - - 4,282 4,282 20,304 40,000 2,969 Supplies & Materials 20,000 13,333 - - 1 1 13,333 25,000 567 Other Costs - - - - - - - - 1,250 Administrative Costs 47,000 31,333 - - 2,146 2,146 29,187 2,000 38,439 Total SSQ Line Budget 343,878 229,252 69,830 - 8,009 77,839 151,413 307,000 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 24,585 - - 4,282 4,282 20,304 40,000 2,969 SSQ Line Operating Total 36,878 24,585 - - 4,282 4,282 20,304 40,000 2,969 FERC 556 - System Control & Load Dispatching Total 36,878 24,585 - - 4,282 4,282 20,304 40,000 2,969 FERC 571 - Maintenance of Overhead Lines Maint of OH Lines SSQ Line Operating Labor & Benefits 50,000 33,333 21,212 - - 21,212 12,121 50,000 - Contractual 150,000 100,000 48,618 - - 48,618 51,382 175,000 - Supplies & Materials 20,000 13,333 - - - - 13,333 25,000 - SSQ Line Operating Total 220,000 146,667 69,830 - - 69,830 76,836 250,000 - FERC 571 - Maintenance of Overhead Lines Total 220,000 146,667 69,830 - - 69,830 76,836 250,000 - 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 26,667 - - 1,541 1,541 25,126 15,000 34,357 Travel - - - - 39 39 (39) - 338 Supplies & Materials - - - - 1 1 (1) - 567 Administrative Costs 20,000 13,333 - - 146 146 13,187 - 36,439 SSQ Line Operating Total 60,000 40,000 - - 1,727 1,727 38,273 15,000 71,701 General & Administrative Costs General & Administrative Costs Total - - - - - - - - - Trust & Account Fees SSQ Line Operating Administrative Costs 2,000 1,333 - - 2,000 2,000 (667) 2,000 2,000 SSQ Line Operating Total 2,000 1,333 - - 2,000 2,000 (667) 2,000 2,000 FERC 920 & 930 - Administrative Expense Total 62,000 41,333 - - 3,727 3,727 37,606 17,000 73,701 FERC 928 - Regulatory Commission Expenses FERC Related Prof Services BRADLEY CONTRACTUAL ENGINEER-FERC LICENSE ISSUES Administrative Costs 25,000 16,667 - - - - 16,667 - - BRADLEY CONTRACTUAL ENGINEER-FERC LICENSE ISSUES Total 25,000 16,667 - - - - 16,667 - - FERC 928 - Regulatory Commission Expenses Total 25,000 16,667 - - - - 16,667 - - Total SSQ Line Budget 343,878 229,252 69,830 - 8,009 77,839 151,413 307,000 77,920 ALASKA ENERGY AUTHORITY SSQ LINE OPERATIONS & MAINTENANCE SCHEDULE I BUDGET TO ACTUAL EXPENSES FOR THE PERIOD 07/01/2024 THROUGH 02/28/2025 Page 12 of 13 Source Construction Funds at 11/30/22 Investment Expenses Calculated Capital Reserve at 11/30/22 Released from Capital Reserve Total Available Funding Required Project Work Bond Series 11 Funding 166,013,134 (157,250) (12,454,346) 1,151,865 154,553,403 BESS Required Project Work Bond Series 11 Funded Capital Projects Total Funding Project Budget Encumbered Total Actual Costs (Over) / Under Project Budget (Over) / Under Total Funding BRADLEY HEA BESS Preliminary Study 24,093,691 75,000 22,473 958 74,042 24,070,260 Total BESS Capital Projects 24,093,691 75,000 22,473 958 74,042 24,070,260 Transmission Required Project Work Bond Series 11 Funded Capital Projects Total Funding Project Budget Encumbered Total Actual Costs (Over) / Under Project Budget (Over) / Under Total Funding SSQ Line Sterling-Qtz Ck 230kV Construction - 99,530 1,292,401 (1,292,401) Soldotna-Sterling 230kV Construction - - 527,246 (527,246) BRADLEY Required Project Work Support - - 112,381 (112,381) Bradley RPW - Bond Series 11 - - 35,913 (35,913) Total Transmission Capital Projects 80,459,712 - 99,530 1,967,942 (1,967,942) 78,392,240 GRIP 3 Round 1 Required Project Work Bond Series 11 Funded Projects - HVDC Line Total Funding Project Budget Encumbered Total Actual Costs (Over) / Under Project Budget (Over) / Under Total Funding Allocate from BESS AEA Resolution 24-12 30,000,000 - - 30,000,000 Allocate from Transmission AEA Resolution 24-02 20,000,000 - - 20,000,000 Total Grip 3 Round 1 Capital Projects 50,000,000 50,000,000 - - 50,000,000 50,000,000 Total Required Project Work 154,553,403 50,075,000 122,003 1,968,900 48,106,100 152,462,500 78,392,240 80,459,712 50,000,000 50,000,000 ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT Capital Projects Funded by Bond Proceeds Appendix A 02/28/25 Page 13 of 13 Bradley Operation and Dispatch Committee Report March 2025 Meeting Dates: March 14th, 2025 Notable Discussions and Items: FY2026 Budget Subcommittee requested budget review process HEA is working to create the needed reporting for the O&D to review. Dam Raise considerations: The remaining utility is working with AEA and a consultant to evaluate the raise options. Water Tracking & Lake Level: As of March 1st, Bradley Lake contained approximately 149,687 MWh of energy. Lake level is currently above average with lower than expected inflows and reduced usage due to the scheduled tie outage. 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: April 18th, 2025 @ 10am