HomeMy WebLinkAbout2026-03-20_IMC-Meeting-AgendaINTERTIE MANAGEMENT COMMITTEE (IMC) REGULAR MEETING March 20, 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 – February 10, 2026
7.OLD BUSINESS
A.FY2026 Budget Amendment 1
B.RCA Docket U-25-028
8.NEW BUSINESS
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 (1) mattersthe immediate knowledge of which would clearly have an adverse effect upon thefinances of AEA, the Intertie, or the IMC or any of its Members; (2) mattersinvolving consideration of records that by law are not subject to public disclosure.
11.MEMBERS COMMENTS
12.NEXT MEETING DATE – May 1, 2026
13.ADJOURNMENT
IMC Meeting Minutes – February 10, 2026 Page 1 of 2
Alaska Intertie Management Committee (IMC) SPECIAL MEETING MINUTES Tuesday, February 10, 2026 1. CALL TO ORDER Chair Tony Zellers called the meeting of the Alaska Intertie Management Committee to order on February 10, 2026, at 1:00 p.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); Vienna Vaden (AEA); Curtis Thayer (AEA); Mark Ziesmer (AEA); Jonathan Green (Guess & Rudd PC); Ashley Brown (Guess & Rudd PC); Matt Clarkson (CEA); Paul Millwood (CEA); David Pease (MEA); and Jon Sinclair (MEA); Kim Henkel (MEA) Nathan Minnenma (GVEA). 4. AGENDA APPROVAL MOTION: A motion was made by Mr. Price to approve the agenda. Motion seconded by Mr. Laughlin. The motion to approve the agenda passed unanimously. 5. PUBLIC COMMENTS There were no public comments. 6. APPROVAL OF THE PRIOR MINUTES – January 16, 2026 MOTION: A motion was made by Mr. Laughlin to approve the January 16, 2026 Meeting Minutes. Motion seconded by Mr. Price. The motion to approve the January 16, 2026 minutes passed unanimously. 7. NEW BUSINESS A. Introduction to new IM Attorney(s) – Jonathan D. Green and Ashly Brown
IMC Meeting Minutes – February 10, 2026 Page 2 of 2
Chari Zellers introduced Jonathn D. Green and Ashley C. Brown of Guess & Rudd, PC as the new IMC legal counsel. Mr. Green stated Ashley and I are excited to be working with the IMC specifically for the upcoming RCA Matter U-25-028. Ashley will initially be more involved in the RCA Matter than regular meetings will require. Mr. Green provided his experience including working for Guess & Rudd for past year. Prior to that with Kemppel, Huffman and Ellis as Associate and Shareholder since 2015. He stated 90% of his career has been regarding utility issues in Alaska as outside general counsel or regulatory counsel before the RCA. Mr. Green noted he has been involved in matters involving the IMC utility members. He looks forward to helping the IMC. He appreciated the work done by Ascent Law Partners and for the excellent briefing Mr. Paisner provided in the docket. We look forward to carrying on through the hearing and developing a solid strategy for the IMC that reflects the interests of its members. Ms. Brown stated she joined Guess & Rudd PC as a shareholder last July and prior to that she was at Kemppel Huffman and Ellis for 5 years. Prior to that she worked with h State of Alaska department of Law in the Civil Division. MOTION: A motion was made by Mr. Laughlin 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. Bishop. The motion to enter into executive session passed unanimously. 8. EXECUTIVE SESSION: 1:13 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 2:26 P.M., Chair Zellers advised that the Committee did not take any formal action on the matters discussed while in executive session. MOTION: A motion was made by Mr. Laughlin that the IMC Chair coordinate and work with the IMC Counsel on behalf of the IMC for the RTO hearing. Motion seconded by Mr. Bishop. The motion to authorize the IMC chair to work with IMC Counsel on behalf of the IMC for the RTO hearing passed unanimously. 9. MEMBERS COMMENTS
IMC Meeting Minutes – February 10, 2026 Page 3 of 2
Mr. Biship appreciated the work of AEA to bring Jonathan and Ashley on board. He thanked Jonathan and Ashley for their in-depth review and efforts after the departure of prior counsel. Mr. Price noted the new counsel has a long month ahead with the RCA hearing. He looks forward to working with them. Mr. Laughlin agreed with prior comments and stated he is looking forward to working with Jonathan and Ashley and to updates as things progress. Mr. Zellers also welcomed Jonathan and Ashley and stated he will get to know them well in the next month at the hearing. 10. NEXT MEETING DATE – March 20, 2026, at 9:00 a.m. Chair Zellers indicated that the next meeting date is March 20, 2026, 10. ADJOURNMENT There being no further business of the IMC, the meeting adjourned at 2:30 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 11
ALASKA ENERGY AUTHORITY
ALASKA INTERTIE
Proposed FY2026 Budget Amendment 1 Contents
Description Page #
Proposed FY26 Amend 1 Budget Summary 3
Proposed FY26 Amend 1 O&M Budget 4-5
Proposed FY26 Amend 1 Grant Budget 6
Approved FY26 Grant Budget 7
Proposed FY26 Amend 1 Usage Projection 8
Approved FY26 Usage Projection 9
Proposed FY26 Amend 1 AK Intertie MITCR 10
Approved FY26 AK Intertie MITCR 11
Page 2 of 11
Proposed FY2026 Budget Amendment 1
Proposed FY26 Amend 1 Budget Summary
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 - 84,839 84,839 69,389 5,018 9,487 946 84,839
4,171,164 84,839 4,256,003 2,662,887 384,470 1,207,702 946 4,256,003
Expenses
Operations 3,350,700 - 3,350,700
Admin 567,000 - 567,000
Grant - 84,839 84,839
3,917,700 84,839 4,002,539
Surplus/(Shortage) 253,464 - 253,464
Approved FY26 Budget Summary
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 11
Proposed FY2026 Budget Amendment 1
Proposed FY26 Amend 1 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 11
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 11
Proposed FY2026 Budget Amendment 1
Utility Grant Matching Contributions
Proposed FY26 Amend 1 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)
(Funding not awarded, so share and match has been removed)
DOE Resiliency Grant - AK Intertie Snow Load Resiliency
DOE Resiliency Grant - Synchrophasor Project - Five Year Average
Page 6 of 11
Proposed FY2026 Budget Amendment 1
Utility Grant Matching Contributions
Approved FY26 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 7 of 11
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 8 of 11
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 9 of 11
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 10 of 11
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 11 of 11
Alaska Energy Authority
AK Intertie Budget to Actual Revenues and Expenses
07/01/2025 to 12/31/2025
Page 1 of 4
FY26 Approved
Budget
Budget
07/01/2025 -
12/31/2025 Actuals
YTD Actuals as a
% of Total
Annual Budget
Over (Under) YTD
Variance
Revenue From Utilities
AKI-GVEA 2,414,328 1,463,500 1,490,235 62%26,735
AKI-CEA 365,464 270,964 270,964 74%-
AKI-MEA 1,122,978 597,675 650,762 58%53,087
Total Revenue From Utilities 3,902,770 2,332,139 2,411,961 62%79,822
Interest - - 36,750 0%36,750
Other - - 1,950 0%1,950
Total Revenues 3,902,770 2,332,139 2,450,661 63%118,522
Total Revenues 3,902,770 2,332,139 2,450,661 63%118,522
56600 Misc Transmission Expense
AK Intertie-Miscellaneous Studies as Needed 247,000 123,500 84,420 34%(39,080)
Alaska Energy Authority Total 247,000 123,500 84,420 34%(39,080)
Golden Valley Electric
AK Intertie-Private Line Telephone Service SCADA 85,000 42,500 13,391 16%(29,109)
Golden Valley Electric Total 85,000 42,500 13,391 16%(29,109)
56601 Weather Monitoring Batteries
Alaska Energy Authority
AK Intertie-SLMS Support & Intertie Ground Patrol 175,000 87,500 - 0%(87,500)
Alaska Energy Authority Total 175,000 87,500 - 0%(87,500)
56700 Rents
Alaska Energy Authority
AK Intertie-Alaska Railroad 1,000 500 1,000 100%500
Alaska Energy Authority Total 1,000 500 1,000 100%500
Matanuska Electric Association
AK Intertie-Talkeetna Storage 7,200 3,600 3,600 50%-
Matanuska Electric Association Total 7,200 3,600 3,600 50%-
56900 Maintenance of Structures
Matanuska Electric Association
AK Intertie-Maintenance of Structures 350,000 175,000 - 0%(175,000)
AK Intertie-Insulator Replace (Tee to Douglas) 100,000 50,000 - 0%(50,000)
Matanuska Electric Association Total 450,000 225,000 - 0%(225,000)
57000 Maintenance of Station Equip
Chugach Electric Association
AK Intertie-Teeland Substation 185,000 92,500 60,986 33%(31,514)
AK Intertie-Douglas Substation Communications 105,000 52,500 93,909 89%41,409
Chugach Electric Association Total 290,000 145,000 154,896 53%9,896
AK Intertie-Healy, Cantwell, Goldhill 54,500 27,250 - 0%(27,250)
AK Intertie-SCADA Maint Healy, Cantwell, Goldhill 10,000 5,000 - 0%(5,000)
AK Intertie-HLSB Sync PT Replacement 50,000 25,000 409 1%(24,592)
AK Intertie-Replace Healy Substation Breaker - - 1,100 0%1,100
SVC Insulator Replacements - Healy and Gold hill 10,000 5,000 - 0%(5,000)
AK Intertie-Redesign Healy SVC 138 kV Interconnect 50,000 25,000 - 0%(25,000)
Golden Valley Electric Total 174,500 87,250 1,509 1%(85,741)
Matanuska Electric Association
AK Intertie-Douglas Substation 150,000 75,000 215,172 143%140,172
Matanuska Electric Association Total 150,000 75,000 215,172 143%140,172
57100 Maint of OH Lines
AK Intertie-Northern Maintenance 103,000 51,500 - 0%(51,500)
AK Intertie-Landing Pads 60,000 30,000 - 0%(30,000)
Golden Valley Electric Total 163,000 81,500 - 0%(81,500)
ALASKA ENERGY AUTHORITY
AK INTERTIE BUDGET TO ACTUAL REVENUE AND EXPENSES
FOR THE PERIOD 07/01/2025 THROUGH 12/31/2025
Page 2 of 4
FY26 Approved
Budget
Budget
07/01/2025 -
12/31/2025 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 12/31/2025
Matanuska Electric Association
AK Intertie-Special Patrols (Incl Foundation Insp) 50,000 25,000 - 0%(25,000)
AK Intertie-Southern Maint. (Incl Ground Insp) 125,000 62,500 10,891 9%(51,609)
AK Intertie-Equipment Repair & Replacement 100,000 50,000 - 0%(50,000)
Matanuska Electric Association Total 275,000 137,500 10,891 4%(126,609)
57102 Maint OH Lines-ROW Clearing
Golden Valley Electric
AK Intertie-Northern ROW Clearing 600,000 300,000 - 0%(300,000)
AK Intertie-Repair Tower 616 Foundation 500,000 250,000 8,000 2%(242,000)
Golden Valley Electric Total 1,100,000 550,000 8,000 1%(542,000)
Matanuska Electric Association
AK Intertie-Southern ROW Clearing 175,000 87,500 - 0%(87,500)
AK Intertie-Southern ROW Remote Sensing 10,000 5,000 - 0%(5,000)
Matanuska Electric Association Total 185,000 92,500 - 0%(92,500)
58306 Misc Admin
Alaska Energy Authority
AK Intertie-IMC Admin Cost (Audit, Meeting, Legal) 20,000 10,000 54,898 274%44,898
Alaska Energy Authority Total 20,000 10,000 54,898 274%44,898
58401 Insurance Premiums
Alaska Energy Authority
AK Intertie-Insurance 27,000 13,500 14,617 54%1,117
Alaska Energy Authority Total 27,000 13,500 14,617 54%1,117
Matanuska Electric Association
AK Intertie-Insurance 18,000 9,000 - 0%(9,000)
Matanuska Electric Association Total 18,000 9,000 - 0%(9,000)
Total Total Expense 3,367,700 1,683,850 562,394 17%(1,121,456)
Total Operating Expenses 3,367,700 1,683,850 562,394 17%(1,121,456)
71001 Total Expense, Budget
Alaska Energy Authority
Administrative Support Services 300,000 150,000 172,312 57%22,312
Alaska Energy Authority Total 300,000 150,000 172,312 57%22,312
Total Total Expense 300,000 150,000 172,312 57%22,312
Total AEA Administration Expenses 300,000 150,000 172,312 57%22,312
Total Expenses 3,667,700 1,833,850 734,706 20%(1,099,144)
Surplus (Shortage)235,070 498,289 1,715,956 730%1,217,667
Page 3 of 4
Alaska Intertie Budget to Actuals Status Report for the Period 07/01/2025 through 12/31/2025
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 10,979 2,170 - 13,149
Dec 8,868 2,436 - 11,304 Dec 6,242 2,554 - 8,796
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 35,644 14,912 - 50,556
PROJECTED ENERGY USAGE TO DATE (MWH) 48,060 ACTUAL ENERGY USAGE TO DATE (MWH) 50,556
Budgeted Operating Costs for the Period 1,683,850$ Actual Operating Costs for the Period 562,394$
(based on budget)
Budgeted Usage Revenue for the Period 1,536,959$ Actual (Billed) Usage Revenue for the Period 1,616,781$
(budgeted rate * projected usage) (budgeted rate * actual usage)
Estimated Budgeted Energy Rate per MWH 29.26$
(based on budgeted costs and usage)
Annual Budgeted Energy Rate (Billed Rate) 31.98$ Projected Actual Energy Rate per MWH 9.29$
(based on minimum contract value) (based on actual costs and usage)
Page 4 of 4
Intertie Management Committee Meeting
IOC Report
March 20, 2026
1) Intertie Operating Committee
a) Douglas Communications Project: The site construction, shelter, fencing, grounding, and electric
service are complete. CEA is looking at comms installation beginning at end of March. The scope
of the project expanded due to the need for a new communications shelter and land use
agreements, which increased costs.
b) Synchrophasor Project: Project continues with biweekly meetings, including a project manager
group and a separate IT/communications-focused group. Software contract currently in review
with AEA.
c) Snow Unloading Project: the cost-share agreement for the snow unloading project is pending
signatures. A specification and RFP for a design consultant is in review. RFP to be issued with
bids due in April.
d) FY2027 Budget: Kickoff conversations took place with the intent to have all participant budget
items provided and reviewed by IOC prior to the next IMC meeting. (May 1, 2026)
2) System Studies Subcommittee
a) IBR Study: Final report complete. IOC discussed memorializing study screening criteria and
recommendations (e.g., via an SSS memo) and routing to IMC for awareness/possible adoption
as planning guardrails, consistent with prior study precedents.
b) 230kV Upgrade Impact Study: EPS submitted final report for review. No Update
c) Railbelt EMT Model: RFP development on going for FY2027 Budget
d) Railbelt Governor tuning/coordination: IOC held conversation with the SSS chair regarding intent
and roadmap for this work. The SSS will engage in an exploratory conversation regarding
strategy for validating governor models/data, system analysis, etc.
3) Relay, Protection, & Control Subcommittee
a) No update
4) SCADA/Telecommunications Subcommittee
a) Improvements to Alaska Intertie Communications: Regular meetings established to discuss next
steps. GVEA has volunteered to lead the effort.
5) Operations, Maintenance, and Scheduling Subcommittee
a) No update
Intertie Management Committee Meeting
Operator Report
March 20, 2026
1. Alaska Intertie usage report
a. MWh usage – Measured at Douglas Substation, YTD
GVEA MEA Total
July – February FY25 106,142 17,561 123,703
July – February FY26 40,683 19,879 60,562
Delta – FY26 to FY 25 -62% +13% -51%
2. Alaska Intertie trips to report
There were no trips of the Alaska Intertie in the months of January-February.
3. IOC Quarterly 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)
Healy 2 Trip 1/26/2026 8:55:16 36.8 59.95 59.60 10.5
Sterling-Quartz Trip 2/20/2026 0:43:50 52.2 59.98 59.45 9.8
Healy 2 Trip 2/22/2026 1:57:50 46.1 60.03 59.64 11.9
Healy 2 Trip 2/23/2026 8:10:06 30.6 59.95 59.62 9.3
UFLS-Healy 2 Trip and 4
EGS Units 3/4/2026 9:28:54 133.1 59.97 59.00 13.6
North Pole GT3 Trip 3/5/2026 18:44:46 42.3 60.02 59.53 8.6
Healy 2 Trip 3/9/2026 5:36:44 54.3 60.01 59.50 10.6