HomeMy WebLinkAbout2026-01-16_IMC-Meeting-AgendaINTERTIE MANAGEMENT COMMITTEE (IMC) REGULAR MEETING January 16, 2026 9:00 am Alaska Energy Authority Board Room 813 W Northern Lights Blvd, Anchorage, AK 99503
To participate dial 1-888-585-9008 and use code 212-753-619#
1.CALL TO ORDER
2.ROLL CALL FOR COMMITTEE MEMBERS
3.PUBLIC ROLL CALL
4.AGENDA APPROVAL
5.PUBLIC COMMENTS
6.APPROVAL OF PRIOR MINUTES – December 5, 2025 and January 6, 2026
7.NEW BUSINESS
8.OLD BUSINESS
A.FY26 Budget Amendment
9.COMMITTEE REPORTS
Mark Ziesmer
Mike Miller
A.Budget vs. Actuals
B.IOC Report
C.Operator Report Mike Miller
10. EXECUTIVE SESSION (Bylaws Section 5.11.3) – To discuss confidential matters theimmediate knowledge of which would clearly have an adverse effect upon thefinances of AEA, the Intertie, of the IMC or any of its members.
11. MEMBERS COMMENTS
12. NEXT MEETING DATE – March 20, 2026
13. ADJOURNMENT
IMC Meeting Minutes – December 5, 2025 Page 1 of 6
Alaska Intertie Management Committee (IMC) REGULAR MEETING MINUTES Alaska Energy Authority Board Room Friday, December 5, 2025
1.CALL TO ORDER
Chair Tony Zellers called the meeting of the Alaska Intertie Management Committee to order on December 5, 2025, at 9:00 a.m.
2.ROLL CALL FOR COMMITTEE MEMBERS
Members present: Tony Zellers (Matanuska Electric Association (MEA)); Andrew Laughlin (Chugach Electric Association (CEA)); Dan Bishop (Golden Valley Electric Association (GVEA)); and Bill Price (Alaska Energy Authority (AEA)). A quorum was established.
3.PUBLIC ROLL CALL
Public present: Jennifer Bertolini (AEA); Mark Billingsley (AEA); Patrick Domitrovich (AEA); Pamela Ellis (AEA); Josi Hartley (AEA); James Mendenhall (AEA); Robert Varga (AEA); Mark Ziesmer (AEA); Joel Paisner (Ascent Law Partners); Mike Miller (CEA); Paul Millwood (CEA); Nathan Minnema (GVEA); Keith Palchikoff (GVEA); and David Pease (MEA).
4.AGENDA APPROVAL
MOTION: A motion was made by Mr. Bishop to approve and amend the agenda, adding the assignment to the System Studies Subcommittee. Motion seconded by Mr. Price.
Mr. Bishop requested to amend the agenda, adding an item for discussion regarding the System Studies Subcommittee assignments and events.
Chair Zellers recommended adding Item 11. Committee Assignments, as a friendly amendment to the agenda. There was no objection.
Mr. Price noted that discussion regarding the synchrophasor project contract will be discussed in the Intertie Operating Committee (IOC) report. There was no objection, and no need to add a new item to the agenda.
The motion to approve the amended agenda, adding Item 11. Committee Assignments, passed without objection.
5.PUBLIC COMMENTS
IMC Meeting Minutes – December 5, 2025 Page 2 of 6
There were no public comments. 6. APPROVAL OF PRIOR MINUTES – October 28, 2025 MOTION: A motion was made by Mr. Bishop to approve the Minutes of October 28, 2025. Motion seconded by Vice-Chair Laughlin. The Minutes of October 28, 2025, were approved without objection. 7. NEW BUSINESS 7A. FY25 Estimated Surplus Mark Ziesmer, AEA, summarized the FY25 estimated surplus. Mr. Ziesmer discussed that for FY25, the Alaska Intertie has a surplus of $1,063,591 to be refunded to participants. The surplus is derived from excess revenues from operating costs of $755,113, and administrative costs of $308,478. The refund allocation is based on the Alaska Intertie Agreement Section 7.4.4 and Section 7.4.5, which distribute excess revenues proportionally based on contributions. Mr. Ziesmer indicated the refund allocations. GVEA will receive a surplus of $725,996, comprised of an operating surplus of $623,120, and an administrative surplus of $102,847. CEA will receive a surplus of $102,816, comprised of an administrative surplus portion only. MEA will receive a surplus of $234,810, comprised of an operating surplus of $131,994, and an administrative surplus of $102,816. Mr. Ziesmer reviewed that the total operating costs were $811,755 under budget. This contributes to the surplus. The projected energy rate per MWH was $13.54, which is lower than the budgeted rate of $16.86. This is related to the less than budgeted expenses. Administrative expenses were $308,478 under budget, with notable savings in the IMC administrative costs and miscellaneous system studies. Actual energy usage was 151,631 MWH, which is 25,149 MWH below projection. Despite this, revenues exceeded actual operating costs, contributing to the surplus. There were no comments or questions. MOTION: A motion was made by Vice-Chair Laughlin to approve the FY25 refund of surplus, as presented. Motion seconded by Mr. Bishop. The motion to approve the FY25 refund of surplus as presented passed without objection. 7B. Budget Amendment Discussion Mr. Price noted that there were two items in the budget that are projected to go over budget. The first item is the Douglas Communications Project. The project is currently on budget. However, the budgeted amount of $100,000 was a placeholder when the budget was created.
IMC Meeting Minutes – December 5, 2025 Page 3 of 6
Approximately a month or two after the budget was created, it was determined that an additional $200,000 of funding would be needed. This increase was expected. Mr. Price noted the second item is the Doulas Substation Structure project. It is over budget by approximately $150,000. Mr. Price proposed that the Committee follow the same process as last year and conduct a mid-budget review to identify any significant changes to the budget that may reduce the usage cost for members. Mr. Price deferred the process to Chair Zellers. Chair Zellers requested that next month’s meeting include an agenda item regarding the overall budget review by the Finance Committee and proposal of a new budget for mid-year updates. This can also be discussed under agenda Item 11. 7C. 2026 Proposed IMC Meeting Dates Chair Zellers indicated that the 2026 proposed meeting dates were previously emailed to members. They are January 16, March 20, May 1, June 19, July 24, September 25, and December 4, 2026. There were no comments or questions. MOTION: A motion was made by Mr. Bishop to approve the proposed 2026 meeting dates. Motion seconded by Vice-Chair Laughlin. The motion to approve the proposed 2026 meeting dates passed without objection. 8. OLD BUSINESS 8A. RCA Questions in Docket U-25-028 Chair Zeller requested Joel Paisner, Ascent Law Partners, discuss the RCA questions in Docket U-25-028. Mr. Paisner noted that the initial brief was filed with the extensive help of the Committee. Mr. Paisner thanked Mr. Price for his time in discussing the issues. The decision was made not to file a response as intervenors in the process. Mr. Paisner noted the position is one of exemption from the Regulatory Commission of Alaska (RCA). The filings were consistent with this position and explained the basis of the exemption. A hearing will be scheduled. Mr. Paisner commented on the confusing process at the RCA. He is hoping for the best and preparing for the worst. There were no comments or questions. 9. COMMITTEE REPORTS 9A. Budget vs. Actuals Mr. Ziesmer presented the Budget versus Actuals report. Mr. Ziesmer summarized the report as of September 30, 2025. Actual revenues exceeded the budget by $88,756, primarily due to higher than anticipated energy usage. The total energy usage was 18,948 MWH, which surpassed the budgeted amount of 16,824 MWH. Interest accrued from the start of the fiscal year through
IMC Meeting Minutes – December 5, 2025 Page 4 of 6
September 30, 2025, amounted to $20,926. The total operating expenses were below budget by approximately $475,000 due to minimal or no activity in several categories. Mr. Ziesmer discussed that the Miscellaneous Transmission Expense category 56600 is over budget by $15,186 due to faster than anticipated spending related to the Alaska Railbelt Steady State Dynamic Stability Analysis. This variance is expected to normalize as additional budget allocations are applied throughout the year. The Maintenance of Station Equipment Douglas Substation category 57000 is over budget by $167,360 due to more costs being incurred in FY2026 than planned. The Insurance Premiums category 58401 was over budget by $7,892 due to timing differences between annualized budget and actuals. The variance is expected to resolve going forward. The Administrative Expenses were below budget by $38,714, primarily due to lower than expected internal payroll and indirect costs. Mr. Ziesmer discussed that the current revenue and expense results reflect a surplus of $877,013. There were no comments or questions. 9B. IOC Report Mike Miller, CEA, presented the IOC Report. Mr. Miller noted that the report includes an update on the Douglas Communications Project. The structure is anticipated to be installed in January, and the comms are expected to be completed in March. In the previous IOC meeting, discussion occurred regarding the direction from the IMC as to engagement with the Railbelt Reliability Council (RRC) and the Railbelt Transmission Organization (RTO). Mr. Miller reiterated his understanding that no engagement is to occur, unless an official formal request has been provided, at which time guidance from the IMC would be sought. Mr. Miller advised that a draft report for the IBR Study has been received by the IOC. Review and discussion of the report will occur at the next IOC meeting. The 230 kV Line Upgrade Study is being developed by EPS. The final report is expected by the end of the year. Staff continue to work on the Railbelt EMT Model, and a budgetary number is expected to be prepared for the 2027 budget process. Mr. Miller noted that the assignment given by the IMC regarding intertie communications has been assigned to the SCADA/Telecommunication Subcommittee. Meetings with Department of Transportation (DOT) have occurred. It was determined that GVEA would take the lead with the State, and MEA and GVEA are looking to coordinate with carriers to replace the AT&T service that has been escalating in cost over time. Mr. Price explained that the Synchrophasor Project began approximately three years ago. At that time, the System Studies Subcommittee (SSS) issued a Request for Proposal (RFP) and selected a contractor using GVEA’s procurement processes. Rates with the contractor are under negotiation. Mr. Price noted that Alaska Energy Authority (AEA) has been asked to be the signer of the contract on behalf of the IMC members, like the process of the PSSE Model. Mr. Price indicated that AEA has no objection to filling that role. Vice-Chair Laughlin asked if the contract is a GVEA contract that AEA is executing or is it an AEA contract. Mr. Price explained the contract with the contractor EPG would be managed by GVEA
IMC Meeting Minutes – December 5, 2025 Page 5 of 6
and signed by AEA. Mr. Price indicated that each of the utilities’ legal counsel will have the opportunity to review the contract before it is signed. Chair Zellers noted that he has no objection to GVEA managing the contract and AEA signing the contract. There was also no objection from GVEA, and no objection from CEA. Chair Zellers asked if the SCADA/Telecommunication is considering if commercial fiber is available for the entire route from Fairbanks to Southcentral. He noted that fast communication is needed for the synchrophasor project. Chair Zellers noted that he is curious about this status and that this is not a committee assignment. Mr. Miller requested clarification for the IOC to look for existing or soon to be existing commercial fiber availability on the Intertie, and that IMC is not seeking to run fiber on the Intertie. Chair Zellers agreed. There were no other comments or questions. 9C. Operator Report Mr. Miller presented the Operator Report dated December 5, 2025. There has been a shift in the usage since the previous meeting, particularly the increased interchange between MEA and GVEA, and CEA and GVEA, as reflected in the year-to-date numbers. There were no trips of the Intertie between September and the end of November. However, there were many events that occurred, which are listed in the report. The underfrequency load shed event on October 27, 2025, is the most notable. There were no comments or questions. MOTION: A motion was made by Vice-Chair Laughlin to enter into Executive Session to discuss (1) confidential legal matters which by law are required to be confidential, and (2) confidential records that are not subject to public disclosure. Motion seconded by Mr. Bishop. The motion to enter into Executive Session was approved without objection. 10. EXECUTIVE SESSION: 9:27 a.m. – (Bylaws Section 5.11.3 (d)) To discuss (1) confidential legal matters which by law are required to be confidential; and (2) confidential records that are not subject to public disclosure. The Committee reconvened its regular meeting at 9:53 a.m. Chair Zellers advised that the Committee did not take any formal action on the matters discussed while in executive session. 11. COMMITTEE ASSIGNMENTS Chair Zellers assigned the Finance Committee to review the overall budget and to adjust the budgeted amount on a semi-annual basis to include the amendments, if appropriate. Chair Zellers assigned the IOC SSS to study the southern Intertie limits, the different states of the line, and the line losses. There were no comments or questions. 12. MEMBERS COMMENTS
IMC Meeting Minutes – December 5, 2025 Page 6 of 6
Vice-Chair Laughlin thanked Chair Zellers for the efficient meeting and thanked staff for providing thorough updates today.
Mr. Bishop thanked the subcommittees for their diligent work and for continuing to manage the project well.
Mr. Price echoed the previous comments of appreciation.
Chair Zellers echoed the comments of appreciation and thanked the lawyers who are involved with the RTO with the goal of maintaining the exempt status.
13.NEXT MEETING DATE – January 16, 2026 (pending approval)
Chair Zellers indicated that the next meeting date is January 16, 2026.
14.ADJOURNMENT
There being no further business of the IMC, the meeting adjourned at 9:57 a.m.
__________________________ Tony Zellers, Chair
__________________________ Bill Price, AEA Secretary
IMC Meeting Minutes – January 6, 2026 Page 1 of 2
Alaska Intertie Management Committee (IMC) SPECIAL MEETING MINUTES Tuesday, January 6, 2026
1.CALL TO ORDER
Chair Tony Zellers called the meeting of the Alaska Intertie Management Committee to order on January 6, 2026, at 12:30 p.m.
2.ROLL CALL FOR COMMITTEE MEMBERS
Members present: Tony Zellers (Matanuska Electric Association (MEA)); Mike Miller (Chugach Electric Association (CEA)); Dan Bishop (Golden Valley Electric Association (GVEA)); and Bill Price (Alaska Energy Authority (AEA)). A quorum was established.
3.PUBLIC ROLL CALL
Public present: Jennifer Bertolini (AEA); Mark Billingsley (AEA); Karen Bell (AEA); Pamela Ellis (AEA); James Mendenhall (AEA); Curtis Thayer (AEA); Mark Ziesmer (AEA); Joel Paisner (Ascent Law Partners); Matt Clarkson (CEA); Paul Millwood (CEA); David Pease (MEA); and Jon Sinclair (MEA).
4.AGENDA APPROVAL
MOTION: A motion was made by Mr. Miller to approve the agenda. Motion seconded by Mr. Price.
The motion to approve the agenda passed unanimously.
5.PUBLIC COMMENTS
There were no public comments.
6.NEW BUSINESS
A.Railbelt Transmission Authority Discussion
Chair Zellers asked Joel Paisner to provide an introduction.
Mr. Paisner explained the purpose of the meeting is to have the IMC review and provide input on proposed filings before the Regulatory Commission that relate to the finances of the Committee. He said he has nothing else for public session.
IMC Meeting Minutes – January 6, 2026 Page 2 of 2
MOTION: A motion was made by Mr. Price to enter into Executive Session to discuss confidential matters which by law are required to be confidential and matters the immediate knowledge of which would clearly have an adverse effect upon the finances of AEA, the Intertie, or the IMC or any of its members. Motion seconded by Mr. Miller. The motion to enter into executive session passed unanimously. 7. EXECUTIVE SESSION: 12:35 P.m. – (Bylaws Section 5.11.3 (d)) To discuss confidential legal matters which by law are required to be confidential. The Committee reconvened its regular meeting at 1:33 P.M. a.m., Chair Zellers advised that the Committee did not take any formal action on the matters discussed while in executive session. 8. MEMBERS COMMENTS There were no members’ comments. 9. NEXT MEETING DATE – January 16, 2026, at 9:00 a.m. Chair Zellers indicated that the next meeting date is January 16, 2026 10. ADJOURNMENT There being no further business of the IMC, the meeting adjourned at 1:43 p.m. __________________________ Tony Zellers, Chair __________________________ Bill Price, AEA Secretary
Alaska Energy Authority
Alaska Intertie
Date: January 16, 2026
Proposed FY2026 Budget Amendment 1
Page 1 of 10
ALASKA ENERGY AUTHORITY
ALASKA INTERTIE
Proposed FY2026 Budget Amendment 1 Contents
Description Page #
Proposed Budget Summary 3
Proposed O&M Budget 4-5
Approved Grant Budget 6
Proposed FY26 Amend 1 Usage Projection 7
Approved FY26 Usage Projection 8
Proposed FY26 Amend 1 AK Intertie MITCR 9
Approved FY26 AK Intertie MITCR 10
Page 2 of 10
Proposed FY2026 Budget Amendment 1
Proposed Budget Summary
APPROVED FY26 AMEND 1
Revenues O&M Grant Total Total GVEA Total CEA Total MEA Total HEA Total
Revenue from Operations 4,171,164 - 4,171,164 2,593,498 379,452 1,198,215 - 4,171,164
Grant Match - 291,558 291,558 238,795 18,847 32,970 946 291,558
4,171,164 291,558 4,462,722 2,832,293 398,299 1,231,185 946 4,462,722
Expenses
Operations 3,350,700 - 3,350,700
Admin 567,000 - 567,000
Grant - 291,558 291,558
3,917,700 291,558 4,209,258
Surplus/(Shortage) 253,464 - 253,464
APPROVED BUDGET
Revenues O&M Grant Total Total GVEA Total CEA Total MEA Total HEA Total
Revenue from Operations 3,902,770 - 3,902,770 2,414,328 365,464 1,122,978 - 3,902,770
Grant Match - 291,558 291,558 238,795 18,847 32,970 946 291,558
3,902,770 291,558 4,194,328 2,653,124 384,311 1,155,948 946 4,194,328
Expenses
Operations 3,100,700 - 3,100,700
Admin 567,000 - 567,000
Grant - 291,558 291,558
3,667,700 291,558 3,959,258
Surplus/(Shortage) 235,070 - 235,070
(Total Paid by Utilities)
(Total Paid by Utilities)
Page 3 of 10
Proposed FY2026 Budget Amendment 1
Proposed O&M Budget data @ 1/7/26
FY25 Approved Proposed Proposed
FY23 FY24 FY25 Actual FY26 FY26 FY26
Actual Actual Actual @10/30/25 Budget Changes Amend Budget
REVENUES
GVEA 1,632,539 3,896,647 2,654,471 908,008 2,414,328 179,169 2,593,498
CEA 405,435 471,717 462,878 239,464 365,464 13,988 379,452
MEA 450,409 674,787 803,910 468,188 1,122,978 75,237 1,198,215
INTEREST 58,625 106,406 118,200 27,607 - - -
OTHER 27,357 113,875 - - - -
TOTAL REVENUES 2,574,364 5,263,432 4,039,459 1,643,266 3,902,770 268,395 4,171,164
EXPENSES
FERC 562 - Station Operation Expenses
GVEA - Substation Electricity Usage 478 - - - - -
478 - - - - -
FERC 566 - Miscellaneous Transmission Expense
Private Line Telephone Service for AKI SCADA (GVEA)5,788 2,315 13,240 6,591 85,000 - 85,000
Cell Phone Comm. Svc for Weather Monitoring (Verizon)11,983 12,007 6,431 - - -
SLMS Support and Intertie Ground Patrol 145,346 133,342 18,971 175,000 - 175,000
163,116 147,664 38,642 6,591 260,000 - 260,000
FERC 567 - Transmission Expenses - Rents
Rents - Alaska Railroad 1,500 1,000 1,000 1,000 1,000 - 1,000
MEA - Talkeetna Storage 7,200 7,200 7,200 2,400 7,200 - 7,200
Equipment Rental 102 - - - - -
8,802 8,200 8,200 3,400 8,200 - 8,200 FERC 569 Maintenance of Structures
MEA - Insulator & Str Replacement (Teeland to Douglas)- - - 350,000 (250,000) 100,000
MEA - Maintenance of Structures - 5,204 - 100,000 - 100,000
- 5,204 - - 450,000 (250,000) 200,000
FERC 570 - Maintenance of Station Equipment
GVEA - HLSB17 Sync PT Replacement - - 94,455 409 50,000 - 50,000
GVEA - Healy, Cantwell, Goldhill 141,248 80,624 37,514 54,500 - 54,500
GVEA - SCADA Maintenance Healy, Cantwell, Gold Hill 1,120 - 10,000 - 10,000
GVEA - Replace Healy Substation Breaker - - 336,527 1,100 - - -
GVEA - Healy and Goldhill Digital Fault Recorders - 6,046 - - - -
GVEA - Gold Hill SVC Cooling - 2,059 - - - -
GVEA - Cantwell Install Breakers or Load Break Switches - - 682,125 - - -
GVEA - Cantwell 4S2 Switch Repair 43,217 748 - - - -
GVEA - Perform Maintenance, repaint Reactors Healy SVC Yard 4,472 - - - - -
GVEA - Perform Maintenance, repaint Reactors Gold Hill SVC Yard - - - - - -
GVEA - Mobile Substation Site - - - - - -
GVEA - SVC Insulator Replacements - Healy and Gold hill - - - 10,000 - 10,000
GVEA - SVC Capacitor Spares - - 38,499 - - -
GVEA - Redesign Healy SVC 138 kV Interconnection - - - 50,000 - 50,000 GVEA - Intertie - SVC Project - 3,693 - - -
CEA - Teeland Substation Communication - 6,787 - 5,000 - 5,000
CEA - Teeland Substation 74,128 168,737 87,080 55,078 180,000 - 180,000
CEA - Douglas Substation Communication - - 6,866 3,497 5,000 - 5,000
MEA - Douglas Substation - 5,181 286,046 211,001 150,000 100,000 250,000
MEA - Douglas Substation 138 kV BKR Inspections - - - - - -
CEA - Telecomm Support (Douglas, Teeland, Anc-Fbks Leased Circuits)- - - 78,812 100,000 400,000 500,000
263,065 271,301 1,572,805 349,896 614,500 500,000 1,114,500
Page 4 of 10
FERC 571 - Maintenance of Overhead Lines
GVEA - Northern Maintenance 99,464 99,237 86,109 103,000 - 103,000
GVEA-Private Line Telephone Service - - - - -
GVEA - Northern ROW Clearing 328,252 626,189 581,075 600,000 - 600,000
GVEA - Northern ROW Clearing - Remote Sensing Analysis - 335,516 - - - -
GVEA - Landing Pads - - - 60,000 - 60,000
GVEA - Re-level Structures & Adjust Guys - - - - - -
GVEA - Repair Tower 616 Foundation - - 8,000 500,000 - 500,000
GVEA - Repair Tower 531 Foundation - 154,915 - - - -
GVEA - Repair Tower 532 Foundation - 154,915 - - - -
GVEA - Helicopter Patrols - - - - - -
MEA - Special Patrols [Incl Helicopter Inspections]11,603 6,510 45,059 50,000 - 50,000
MEA - Southern Maint (Incl Ground and Climbing Inspect)78,729 - - 10,891 125,000 - 125,000
MEA - Southern ROW Clearing 525,520 287,124 50,220 175,000 - 175,000
MEA - Southern ROW Remote Sensing and Analysis - 104,849 5,561 10,000 - 10,000
MEA - Equipment Repair and Replacement 803,393 152,755 23,023 100,000 - 100,000
1,846,961 1,922,010 791,046 18,891 1,723,000 - 1,723,000
FERC 924 - Property Insurance
AK Intertie - Insurance 40,178 42,558 48,653 14,642 45,000 - 45,000
40,178 42,558 48,653 14,642 45,000 - 45,000
Intertie Operating Costs Total 2,322,601 2,396,938 2,459,345 393,421 3,100,700 250,000 3,350,700
FERC 920 - AEA Administrative Costs
Personal Services, Travel and Other Costs 190,236 254,493 367,055 72,148 300,000 - 300,000
190,236 254,493 367,055 72,148 300,000 - 300,000
FERC 920 - IMC Administrative Costs
IMC Administrative Costs (Audit, meetings, legal) 14,579 20,672 15,220 15,533 20,000 - 20,000
14,579 20,672 15,220 15,533 20,000 - 20,000
FERC 566 - Miscellaneous Transmission Expense
Misc Studies: System Reserves Study (IBR), PSS/E maint,
230 kV Upgrade System Impact Study 150,368 57,544 134,247 84,045 180,000 - 180,000
LIDAR study (complete lidar, vegetation, PLS CADD file with drawings, structure/foundation
movement, infrared, and imaging)
- - - - - - -
PSSE Maintenance - - - - 27,000 - 27,000
EPRI (Annual Cost)- - - - 40,000 - 40,000
150,368 57,544 134,247 84,045 247,000 - 247,000
Intertie Administration Costs Total 355,182 332,708 516,522 171,726 567,000 - 567,000
TOTAL EXPENSE 2,677,783 2,729,646 2,975,867 565,147 3,667,700 250,000 3,917,700
SURPLUS (SHORTAGE) (103,419) 2,533,786 1,063,591 1,078,120 235,070 18,395 253,464
Page 5 of 10
Proposed FY2026 Budget Amendment 1
Utility Grant Matching Contributions
Approved Grant Budget
Snow Loading Grant to re-insulate from Douglas north 80 miles
(Approved Allocation Option #2 - Revenue excluding Admin Fee from Allocation)
GVEA Grant Submittal to AEA ($13.8M grant with $3M in matching funds & $500k in-kind in-house labor) AEA to revise per agreed payment
(Anticipating July 2025 start)
75,000$
Percent FY26
Power Purchaser Share Match Year Project Total Cost Grant Reimbursement
Grant Match (Cash and In-
Kind)
1 $300,000 $225,000 $75,000
GVEA 81.95%61,463 2 $3,497,845 $2,623,384 $874,461
CEA 6.69%5,018 3 $3,497,845 $2,623,384 $874,461
MEA 11.36%8,520 4 $3,497,845 $2,623,384 $874,461
5 $2,965,356 $2,224,017 $741,339
100.00%75,000 Total $13,758,891 $10,319,169 $3,439,722
Synchrophaser System Grant
(Approved Allocation Option #3 - Revenue Excluding Capacity and Admin Fee from Allocation)
Per GVEA Grant Submittal to AEA ($2.2M grant with $50k in matching funds & $500k in-kind in-house labor) AEA to revise budget for approved payment methods
(Anticipating July 2025 start)
Total Match Amount
9,839$
HEA is contributing because they are receiving benefit from the Synchrophaser System (Railbelt wide)
Percent FY26 This is 9.61% of the Total Match Amount and is based on their load ratio share per resolution.
Power Purchaser Share Match
HEA (Load Ratio Share) 9.61% 946
Year Project Cost Railbelt Utilities
Combined Cash Match
Railbelt Utilities
In Kind Contribution Grant Contribution
1 $440,245 $9,839 $100,222 $330,183
GVEA 89.13%7,927 2 $440,245 $9,839 $100,222 $330,183
CEA 0.00%- 3 $440,245 $9,839 $100,222 $330,183
MEA 10.87%967 4 $440,245 $9,839 $100,222 $330,183
5 $440,245 $9,839 $100,222 $330,183
100.00%8,893 Total $2,201,225 $49,195 $501,110 $1,650,915
USDA CWDG - Integrated Vegetation Management
MEA submittal to USDA ($3.7M grant with 25% match requirement)
(Pending award)
Total Match Amount
$206,719
Percent FY26
Power Purchaser Share Match Year Project Total Cost Grant Reimbursement
Grant Match (Cash and In-
Kind)1 $826,875 $620,156 $206,719
GVEA 81.95%169,406 2 $561,974 $421,481 $140,493
CEA 6.69%13,830 3 $1,411,322 $1,058,492 $352,830
MEA 11.36%23,483 4 $670,188 $502,641 $167,547
5 $277,145 $207,859 $69,286
100.00%206,719 Total $3,747,504 $2,810,629 $936,875
DOE Resiliency Grant - AK Intertie Snow Load Resiliency
DOE Resiliency Grant - Synchrophasor Project - Five Year Average
USDA CWDG Grant
Page 6 of 10
Proposed FY2026 Budget Amendment 1
True up
to
Contract GVEA MEA CEA TOTAL USAGE CAPACITY ADMIN CASH FLOW
MONTH Value MWH MWH MWH MWH GVEA MEA CEA GVEA MEA CEA GVEA | MEA | CEA TOTALS
Jul 2,846 2,194 0 5,040 $98,358 $75,825 $0 $276,120 $85,668 $190,452 $47,250 $773,672
Aug 5,188 2,276 0 7,464 $179,297 $78,659 $0 $47,250 $305,206
Sep 2,177 2,143 0 4,320 $75,237 $74,062 $0 $47,250 $196,549
Oct 6,861 2,045 0 8,906 $237,116 $70,675 $0 $47,250 $355,041
Nov 8,868 2,158 0 11,026 $306,478 $74,580 $0 $47,250 $428,309
Dec 8,868 2,436 0 11,304 $306,478 $84,188 $0 $47,250 $437,916
Jan 9,537 2,446 0 11,983 $329,599 $84,534 $0 $47,250 $461,382
Feb 504 2,224 0 2,728 $17,418 $76,861 $0 $47,250 $141,530
Mar 838 2,365 0 3,203 $28,961 $81,734 $0 $47,250 $157,946
Apr 4,853 2,180 0 7,033 $167,720 $75,341 $0 $47,250 $290,310
May 4,853 2,299 0 7,152 $167,720 $79,453 $0 $47,250 $294,423
Jun 6,192 1,957 0 8,149 $213,996 $67,634 $0 $47,250 $328,879
TOTAL 0 61,585 26,723 0 88,308 $2,128,378 $923,547 $0 $276,120 $85,668 $190,452 $567,000 $4,171,164
Total Energy: $3,051,924 Total Capacity : $552,240
88,308 MWH
80,949 MWH
204,984 MWH TOTAL MWH REVENUE $4,171,164
O&M BUDGET - Operating 3,350,700
-
O&M BUDGET - Administrative 567,000
UTILITY FY 26 TOTAL O&M BUDGET 3,917,700
MEA 31.00% 24.20 MW SURPLUS (SHORTAGE) $253,464
CEA 69.00% 53.80 MW
GVEA 100.00% 78.00 MW Annual Participant Administrative Contribution 189,000.00
156.0 Monthly Contribution per Participant 15,750.00
Usage Rate per KWH 0.03456$
Capacity Rate $3.54
Section 7.2.2 MINIMUM USAGE CONTRACT VALUE
ALASKA INTERTIE
FISCAL YEAR 2026
ENERGY PROJECTION
Proposed FY26 Amend 1 Usage Projection
TOTAL INTERTIE PROJECTED ENERGY USAGE
Usage estimate reduced by 1/12 of Total for rate calculations
Page 7 of 10
Proposed FY2026 Budget Amendment 1
True up
to
Contract GVEA MEA CEA TOTAL USAGE CAPACITY ADMIN CASH FLOW
MONTH Value MWH MWH MWH MWH GVEA MEA CEA GVEA MEA CEA GVEA | MEA | CEA TOTALS
Jul 2,846 2,194 0 5,040 $91,015 $70,164 $0 $255,840 $79,376 $176,464 $47,250 $720,109
Aug 5,188 2,276 0 7,464 $165,912 $72,786 $0 $47,250 $285,949
Sep 2,177 2,143 0 4,320 $69,620 $68,533 $0 $47,250 $185,404
Oct 6,861 2,045 0 8,906 $219,415 $65,399 $0 $47,250 $332,064
Nov 8,868 2,158 0 11,026 $283,599 $69,013 $0 $47,250 $399,861
Dec 8,868 2,436 0 11,304 $283,599 $77,903 $0 $47,250 $408,752
Jan 9,537 2,446 0 11,983 $304,993 $78,223 $0 $47,250 $430,466
Feb 504 2,224 0 2,728 $16,118 $71,124 $0 $47,250 $134,491
Mar 838 2,365 0 3,203 $26,799 $75,633 $0 $47,250 $149,682
Apr 4,853 2,180 0 7,033 $155,199 $69,716 $0 $47,250 $272,165
May 4,853 2,299 0 7,152 $155,199 $73,522 $0 $47,250 $275,971
Jun 6,192 1,957 0 8,149 $198,020 $62,585 $0 $47,250 $307,855
TOTAL 0 61,585 26,723 0 88,308 $1,969,488 $854,602 $0 $255,840 $79,376 $176,464 $567,000 $3,902,770
Total Energy: $2,824,090 Total Capacity : $511,680
88,308 MWH
80,949 MWH
204,984 MWH TOTAL MWH REVENUE $3,902,770
O&M BUDGET - Operating 3,100,700
-
O&M BUDGET - Administrative 567,000
UTILITY FY 26 TOTAL O&M BUDGET 3,667,700
MEA 31.00% 24.20 MW SURPLUS (SHORTAGE) $235,070
CEA 69.00% 53.80 MW
GVEA 100.00% 78.00 MW Annual Participant Administrative Contribution 189,000.00
156.0 Monthly Contribution per Participant 15,750.00
Usage Rate per KWH 0.03198$
Capacity Rate $3.28
Section 7.2.2 MINIMUM USAGE CONTRACT VALUE
ALASKA INTERTIE
FISCAL YEAR 2026
ENERGY PROJECTION
TOTAL INTERTIE PROJECTED ENERGY USAGE
Usage estimate reduced by 1/12 of Total for rate calculations
Approved FY26 Usage Projection
Page 8 of 10
Proposed FY2026 Budget Amendment 1
Annual System Demand
22-23 23-24 24-25 3 YR AVG.
SOUTHERN UTILITY PARTICIPANTS (MW)
CEA 343.8 322.9 338.69 335.1 MW PROPOSED APPROVED APPROVED APPROVED APPROVED
MEA 147.0 150.7 154.2 150.6 MW 6/30/2026 6/30/2025 6/30/2024 6/30/2023 6/30/2022
UNITS FY26 FY25 FY24 FY23 FY22
USAGE KWH 80,949,000 162,048,000 251,476,000 415,247,000 187,902,000
OPERATING BUDGET $ 3,350,700 3,271,100 3,710,200 2,544,100 1,992,890
MITCR KW 156,000 156,000 156,000 156,000 156,100
TOTAL 485.7 MW
ENERGY (A)$.000/KWH $0.03456 $0.01686 $0.01232 $0.00512 $0.00886
NORTHERN UTILITY PARTICIPANTS (MW)
CAPACITY (B)$/KW $3.54 $3.46 $3.92 $2.69 $2.11
GVEA 205.5 205.5 204 205.0 MW
TOTAL 205.0 MW
MITCR DETERMINATION
FY 26 KWH CAP RATE CAP CHARGES
MEA 31.00% 24.20 MW 24,200 $3.54 85,668.00
CEA 69.00% 53.80 MW 53,800 $3.54 190,452.00
GVEA 100.00%78.00 MW 78,000 $3.54 276,120.00
156.00 MW 156,000 552,240.00
(A) See Section 7.2.5 AK Intertie Agreement
(B) See Section 7.2.6 AK Intertie Agreement
MINIMUM INTERTIE TRANSFER CAPABILITY RIGHTS
(MITCR) DETERMINATION
FOR FISCAL YEAR 2026
Proposed FY26 Amend 1 AK Intertie MITCR
Page 9 of 10
Proposed FY2026 Budget Amendment 1
Annual System Demand
22-23 23-24 24-25 3 YR AVG.
SOUTHERN UTILITY PARTICIPANTS (MW)
CEA 343.8 322.9 338.69 335.1 MW APPROVED APPROVED APPROVED APPROVED APPROVED
MEA 147.0 150.7 154.2 150.6 MW 6/30/2026 6/30/2025 6/30/2024 6/30/2023 6/30/2022
UNITS FY26 FY25 FY24 FY23 FY22
USAGE KWH 80,949,000 162,048,000 251,476,000 415,247,000 187,902,000
OPERATING BUDGET $ 3,100,700 3,271,100 3,710,200 2,544,100 1,992,890
MITCR KW 156,000 156,000 156,000 156,000 156,100
TOTAL 485.7 MW
ENERGY (A)$.000/KWH $0.03198 $0.01686 $0.01232 $0.00512 $0.00886
NORTHERN UTILITY PARTICIPANTS (MW)
CAPACITY (B)$/KW $3.28 $3.46 $3.92 $2.69 $2.11
GVEA 205.5 205.5 204 205.0 MW
TOTAL 205.0 MW
MITCR DETERMINATION
FY 26 KWH CAP RATE CAP CHARGES
MEA 31.00% 24.20 MW 24,200 $3.28 79,376.00
CEA 69.00% 53.80 MW 53,800 $3.28 176,464.00
GVEA 100.00%78.00 MW 78,000 $3.28 255,840.00
156.00 MW 156,000 511,680.00
(A) See Section 7.2.5 AK Intertie Agreement
(B) See Section 7.2.6 AK Intertie Agreement
MINIMUM INTERTIE TRANSFER CAPABILITY RIGHTS
(MITCR) DETERMINATION
FOR FISCAL YEAR 2026
Approved FY26 AK Intertie MITCR
Page 10 of 10
Alaska Energy Authority
AK Intertie Budget to Actual Revenues and Expenses
07/01/2025 to 10/31/2025
Page 1 of 4
FY26 Amended
Budget
Amended
Budget
07/01/2025 -
10/31/2025 Actuals
YTD Actuals as a
% of Total
Annual Budget
Over (Under) YTD
Variance
Revenue From Utilities
AKI-GVEA 2,414,328 864,803 908,008 38%43,205
AKI-CEA 365,464 239,464 239,464 66%-
AKI-MEA 1,122,978 419,259 468,188 42%48,929
Total Revenue From Utilities 3,902,770 1,523,525 1,615,660 41%92,134
Interest - - 27,607 0% 27,607
Total Revenues 3,902,770 1,523,525 1,643,266 42%119,741
Total Revenues 3,902,770 1,523,525 1,643,266 42%119,741
56600 Misc Transmission Expense
AK Intertie-Miscellaneous Studies as Needed 247,000 82,333 84,045 34%1,712
Alaska Energy Authority Total 247,000 82,333 84,045 34%1,712
Golden Valley Electric
AK Intertie-Private Line Telephone Service SCADA 85,000 28,333 6,591 8%(21,742)
Golden Valley Electric Total 85,000 28,333 6,591 8%(21,742)
56601 Weather Monitoring Batteries
Alaska Energy Authority
AK Intertie-SLMS Support & Intertie Ground Patrol 175,000 58,333 - 0%(58,333)
Alaska Energy Authority Total 175,000 58,333 - 0%(58,333)
56700 Rents
Alaska Energy Authority
AK Intertie-Alaska Railroad 1,000 333 1,000 100%667
Alaska Energy Authority Total 1,000 333 1,000 100%667
Matanuska Electric Association
AK Intertie-Talkeetna Storage 7,200 2,400 2,400 33%-
Matanuska Electric Association Total 7,200 2,400 2,400 33%-
56900 Maintenance of Structures
Matanuska Electric Association
AK Intertie-Maintenance of Structures 350,000 116,667 - 0%(116,667)
AK Intertie-Insulator Replace (Tee to Douglas)100,000 33,333 - 0%(33,333)
Matanuska Electric Association Total 450,000 150,000 - 0%(150,000)
57000 Maintenance of Station Equip
Chugach Electric Association
AK Intertie-Teeland Substation 185,000 61,667 55,078 30%(6,589)
AK Intertie-Douglas Substation Communications 105,000 35,000 82,309 78%47,309
Chugach Electric Association Total 290,000 96,667 137,387 47%40,721
AK Intertie-Healy, Cantwell, Goldhill 54,500 18,167 - 0% (18,167)
AK Intertie-SCADA Maint Healy, Cantwell, Goldhill 10,000 3,333 - 0%(3,333)
AK Intertie-HLSB Sync PT Replacement 50,000 16,667 409 1%(16,258)
AK Intertie-Replace Healy Substation Breaker - - 1,100 0%1,100
SVC Insulator Replacements - Healy and Gold hill 10,000 3,333 - 0%(3,333)
AK Intertie-Redesign Healy SVC 138 kV Interconnect 50,000 16,667 - 0%(16,667)
Golden Valley Electric Total 174,500 58,167 1,509 1%(56,658)
Matanuska Electric Association
AK Intertie-Douglas Substation 150,000 50,000 211,001 141%161,001
Matanuska Electric Association Total 150,000 50,000 211,001 141%161,001
57100 Maint of OH Lines
AK Intertie-Northern Maintenance 103,000 34,333 - 0%(34,333)
AK Intertie-Landing Pads 60,000 20,000 - 0%(20,000)
Golden Valley Electric Total 163,000 54,333 - 0%(54,333)
Matanuska Electric Association
ALASKA ENERGY AUTHORITY
AK INTERTIE BUDGET TO ACTUAL REVENUE AND EXPENSES
FOR THE PERIOD 07/01/2025 THROUGH 10/31/2025
Page 2 of 4
FY26 Amended
Budget
Amended
Budget
07/01/2025 -
10/31/2025 Actuals
YTD Actuals as a
% of Total
Annual Budget
Over (Under) YTD
Variance
ALASKA ENERGY AUTHORITY
AK INTERTIE BUDGET TO ACTUAL REVENUE AND EXPENSES
FOR THE PERIOD 07/01/2025 THROUGH 10/31/2025
AK Intertie-Special Patrols (Incl Foundation Insp)50,000 16,667 - 0%(16,667)
AK Intertie-Southern Maint. (Incl Ground Insp)125,000 41,667 10,891 9%(30,775)
AK Intertie-Equipment Repair & Replacement 100,000 33,333 - 0%(33,333)
Matanuska Electric Association Total 275,000 91,667 10,891 4%(80,775)
57102 Maint OH Lines-ROW Clearing
Golden Valley Electric
AK Intertie-Northern ROW Clearing 600,000 200,000 - 0%(200,000)
AK Intertie-Repair Tower 616 Foundation 500,000 166,667 8,000 2%(158,667)
Golden Valley Electric Total 1,100,000 366,667 8,000 1%(358,667)
Matanuska Electric Association
AK Intertie-Southern ROW Clearing 175,000 58,333 - 0%(58,333)
AK Intertie-Southern ROW Remote Sensing 10,000 3,333 - 0%(3,333)
Matanuska Electric Association Total 185,000 61,667 - 0%(61,667)
58306 Misc Admin
Alaska Energy Authority
AK Intertie-IMC Admin Cost (Audit, Meeting, Legal)20,000 6,667 15,533 78%8,866
Alaska Energy Authority Total 20,000 6,667 15,533 78%8,866
58401 Insurance Premiums
Alaska Energy Authority
AK Intertie-Insurance 27,000 9,000 14,642 54%5,642
Alaska Energy Authority Total 27,000 9,000 14,642 54%5,642
Matanuska Electric Association
AK Intertie-Insurance 18,000 6,000 - 0%(6,000)
Matanuska Electric Association Total 18,000 6,000 - 0%(6,000)
Total Total Expense 3,367,700 1,122,567 492,999 15%(629,568)
Total Operating Expenses 3,367,700 1,122,567 492,999 15%(629,568)
71001 Total Expense, Budget
Alaska Energy Authority
Administrative Support Services 300,000 100,000 72,148 24%(27,852)
Alaska Energy Authority Total 300,000 100,000 72,148 24%(27,852)
Total Total Expense 300,000 100,000 72,148 24%(27,852)
Total AEA Administration Expenses 300,000 100,000 72,148 24%(27,852)
Total Expenses 3,667,700 1,222,567 565,147 15%(657,420)
Surplus (Shortage)235,070 300,959 1,078,120 459%777,160
Page 3 of 4
Alaska Intertie Budget to Actuals Status Report for the Period 07/01/2025 through 10/31/2025
Budgeted Usage Actual Usage to Date
GVEA MEA CEA TOTAL GVEA MEA CEA TOTAL
MONTH MWH MWH MWH MWH MONTH MWH MWH MWH MWH
Jul 2,846 2,194 - 5,040 Jul 2,181 3,879 - 6,060
Aug 5,188 2,276 - 7,464 Aug 3,421 2,297 - 5,718
Sep 2,177 2,143 - 4,320 Sep 5,069 2,098 - 7,167
Oct 6,861 2,045 - 8,906 Oct 7,752 1,914 - 9,666
Nov 8,868 2,158 - 11,026 Nov - - - -
Dec 8,868 2,436 - 11,304 Dec - - - -
Jan 9,537 2,446 - 11,983 Jan - - - -
Feb 504 2,224 - 2,728 Feb - - - -
Mar 838 2,365 - 3,203 Mar - - - -
Apr 4,853 2,180 - 7,033 Apr - - - -
May 4,853 2,299 - 7,152 May - - - -
Jun 6,192 1,957 - 8,149 Jun - - - -
TOTAL 61,585 26,723 - 88,308 TOTAL 18,423 10,188 - 28,611
PROJECTED ENERGY USAGE TO DATE (MWH)25,730 ACTUAL ENERGY USAGE TO DATE (MWH) 28,611
Budgeted Operating Costs for the Period 1,122,567$ Actual Operating Costs for the Period 492,999$
(based on budget)
Budgeted Usage Revenue for the Period 822,845$ Actual (Billed) Usage Revenue for the Period 914,980$
(budgeted rate * projected usage)(budgeted rate * actual usage)
Estimated Budgeted Energy Rate per MWH 36.43$
(based on budgeted costs and usage)
Annual Budgeted Energy Rate (Billed Rate)31.98$ Projected Actual Energy Rate per MWH 14.39$
(based on minimum contract value)(based on actual costs and usage)
Page 4 of 4
Intertie Management Committee Meeting
IOC Report
January 16, 2025
1) Intertie Operating Committee
a) Douglas Communications Project: The site construction, shelter, fencing, grounding, and electric
service are complete. CEA is looking at comms around March 2026. Lease tower-use agreements
still being finalized. The scope of the project expanded due to the need for a new
communications shelter and land use agreements, which increased costs.
i) The projected Budget is 995,000
ii) The projected Actual cost is closer to $1,181,400 ($790,400 + $391,000)
iii) The IMC Budget has $100,000 set aside for this project.
iv) A budget revision is in the works for an additional $400,000
b) Snow Unloading Project: the cost-share agreement for the snow unloading project is pending
finalization. A specification and RFP for a design consultant have been prepared. The next step is
hiring a firm through competitive procurement.
2) System Studies Subcommittee
a) Synchrophasor Project: Ongoing efforts to finalize contracts with EPG for software and with a
data center provider. The goal is to have contracts ready for signature by the end of the month,
with a project go-live targeted for August.
b) IBR Study: Draft report in review with the IOC
c) 203kV Upgrade Impact Study: EPS submitted final report for review.
d) Railbelt EMT Model: Waiting on RFP development for FY2027 Budget
3) Relay, Protection, & Control Subcommittee
a) No update
4) SCADA/Telecommunications Subcommittee
a) Improvements to Alaska Intertie Communications: No update
5) Operations, Maintenance, and Scheduling Subcommittee
a) No update
Intertie Management Committee Meeting
Operator Report
January 16, 2025
1. Alaska Intertie usage report
a. MWh usage – Measured at Douglas Substation, YTD
GVEA MEA Total
July – December FY25 96,819 13,179 109,998
July – December FY26 35,644 14,912 50,556
Delta – FY26 to FY 25 -63% +13% -54%
2. Alaska Intertie trips to report
There were no trips of the Alaska Intertie in the months of December.
3. IOC Reliability Report
For generation trips or transmission line trips where the loss of load is known, the Railbelt-wide
frequency response is calculated. The magnitude of the tripped power and the change in frequency
from the pre-trip value to the peak or nadir are used to calculate the MW/0.1Hz value often known as
‘Beta’. Chugach has calculated the Beta for several events and the table of the results is provided below.
Events without data for the MW magnitude of the trip were excluded, as were events that did not cause
a frequency deviation greater than 0.2 Hz.
Event Date Time MW Pre-Trip High /Low Freq Resp
Tripped Freq (Hz) Freq (Hz) (MW/0.1Hz)
EGS Units Went to Diesel 1/5/2026 10:27:36 45.758 59.908 59.632 16.6