HomeMy WebLinkAbout2026-05-01_IMC-Meeting-AgendaINTERTIE MANAGEMENT COMMITTEE (IMC) REGULAR MEETING May 1, 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 – March 20, 2026
7.OLD BUSINESS
8.NEW BUSINESS
A.FY2027 Budget
9.COMMITTEE REPORTS
Mark Ziesmer
Mike Miller
A.Budget Vs. Actuals
B.IOC Report
C.Operator Report Mike Miller
10.MEMBERS COMMENTS
11.NEXT MEETING DATE – June 26, 2026
12.ADJOURNMENT
IMC Meeting Minutes – March 20, 2026 1
Alaska Intertie Management Committee (IMC) REGULAR MEETING MINUTES Alaska Energy Authority Board Room Friday, March 20, 2026 1. CALL TO ORDER Chair Tony Zellers called the meeting of the Alaska Intertie Management Committee to order on March 20, 2026, at 9:00 a.m. 2. ROLL CALL FOR COMMITTEE MEMBERS Members present: Tony Zellers (Matanuska Electric Association (MEA)); Dan Bishop (Golden Valley Electric Association (GVEA)); Andrew Laughlin (Chugach Electric Association (CEA)); and Bill Price (Alaska Energy Authority (AEA)). A quorum was established. 3. PUBLIC ROLL CALL Public present: Jennifer Bertolini (AEA); Mark Billingsley (AEA); Pam Ellis (AEA); Jim Mendenhall (AEA); Robert Varga (AEA); Vienna Vaden (AEA); Mark Ziesmer (AEA); Mike Miller (CEA); Paul Millwood (CEA); Jonathon Green (Guess & Rudd); Nathan Minnema (GVEA); Kim Henkel (MEA); David Pease (MEA); and Jon Sinclair (MEA). 4. AGENDA APPROVAL MOTION: A motion was made by Mr. Price to approve the agenda. Motion seconded by Mr. Laughlin. A roll call vote was taken, and the motion to approve the agenda passed unanimously. 5. PUBLIC COMMENTS There were no public comments. 6. APPROVAL OF PRIOR MINUTES – February 10, 2026 MOTION: A motion was made by Mr. Price to approve the Minutes of February 10, 2026. Motion seconded by Mr. Bishop. Mr. Price indicated there is a typographical error on page 3 misspelling Dan Bishop’s name. Jennifer Bertolini, AEA, commented that the typographical error will be corrected. Jonathon Green, Guess & Rudd, indicated that his name is also spelled incorrectly. The correct spelling is J-o-n-a-t-h-o-n. Ms. Bertolini commented that the spelling of his name will be
IMC Meeting Minutes – March 20, 2026 2
corrected as well. There were no objections to correcting the typographical errors. A roll call vote was taken, and the Minutes of February 10, 2026, were approved unanimously. 7. OLD BUSINESS 7A. FY2026 Budget Amendment 1 Mr. Price advised that the Budget was posted over 30 days ago. No public comments were received. The Budget is now offered for approval. There were no other comments or questions. MOTION: A motion was made by Mr. Laughlin to approve FY2026 Budget Amendment 1. Motion seconded by Mr. Bishop. Mr. Price noted that there will be a true-up and adjustment based on the new billing period calculations. There were no other comments or questions. A roll call was taken, and the motion to approve the FY2026 Budget Amendment 1 passed unanimously. 7B. RCA Docket U-25-028 Chair Zellers asked Mr. Green if there are any items to be discussed in the public session. Mr. Green commented that this agenda item allows for general comments regarding the docket. Mr. Green noted that he does not have any particular information to relay. He is available for questions. Mr. Price expressed appreciation to those who participated in the extensive effort. He thanked Jon Sinclair, MEA, for his offerings. Chair Zellers noted that he attended most of the long meetings. He believes the IMC did a very good job in representing the case and standing. Additional discussion can take place during executive session. There were no other comments or questions. 8. NEW BUSINESS There was no new business. 9. COMMITTEE REPORTS 9A. Budget vs. Actuals Mark Ziesmer, AEA, presented the Budget to Actuals Report. Mr. Ziesmer summarized the report as of December 31, 2025. Actual revenues exceeded the budget by $118,500, primarily due to
IMC Meeting Minutes – March 20, 2026 3
higher than anticipated energy usage. The total energy usage exceeded the budget by about 2,500 MWH. The interest accrued from the start of the fiscal year through December 31, 2025, totaled $36,750. The operating expenses were below budget by approximately $1.12 million year-do-date. Several expense categories have seen little or no activity so far. Mr. Ziesmer highlighted that the Maintenance of Station Equipment Douglas Substation category 57000 is over budget by $41,409. The overage is related to work performed on the Douglas Substation Communications upgrade. The budget amendment that was approved earlier in the meeting increased this line item from $105,000 to $505,000. This will fully capture the costs and bring the budget back in line. The Douglas Substation line item is over budget by $140,172. The same budget amendment approved today also increases the budget for this line from $150,000 to $250,000 and addresses this overage. Mr. Ziesmer discussed that the Miscellaneous Administration and IMC Administrative Costs category 58306 is over budget by $44,898. This is mostly related to the legal costs regarding the Railbelt Transmission Organization (RTO) and responses to the Regulatory Commission of Alaska (RCA). AEA’s Administrative Support Expenses are over budget by $22,312. This increase is due to higher internal payroll and indirect costs largely tied to RCA related work. In summary, the Intertie shows a surplus of approximately $1.72 million as of December 31, 2025. There were no comments or questions. 9B. IOC Report Mike Miller, CEA, presented the IOC Report. Mr. Miller noted that the report includes updates on the Douglas Communications. It is anticipated that the communication equipment will be installed in the new enclosure at the end of the month. Mr. Miller discussed that the Snow Unloading Project received the necessary signatures on the cost-share agreement. That project is moving forward to complete a request for proposal (RFP) for design in April. Mr. Miller discussed that the System Studies Subcommittee (SSS) provided a presentation at the previous IOC meeting on the Inverter-Based Renewable (IBR) Study. The memorandum submitted is being reviewed and IOC members are expected to provide feedback. That information and recommendations will then be presented to the IMC. The information will include suggestions regarding rate of change and frequency thresholds, short circuit ratings, and voltage recovery criteria. Mr. Miller looks forward to providing additional information in the future. Mr. Miller commented that EPS submitted a final report regarding the 230 kV Upgrade Impact Study for the northern tie. The report is under review. Mr. Miller highlighted that GVEA has taken the lead in the improvement efforts for the assignment for the Alaska Intertie Communications. Biweekly meetings are being held with the Telecom Subcommittee. Mr. Miller noted that the Southern Intertie Stability and Losses Study has not made any progress due to an issue with the handoff between the outgoing SSS Chair and the incoming SSS Chair. However, that study has now been identified as a priority.
IMC Meeting Minutes – March 20, 2026 4
Mr. Bishop commented that he is glad to see the Railbelt EMT Model and hopes the work will continue to understand relevant impacts and issues. Mr. Miller explained that at the previous IOC meeting, the SSS Chair discussed the EMT Model work and the draft RFP that they are developing and reviewing. The schedule is on track to solicit bids and will potentially incorporate efforts in the 2027 Budget. There were no other comments or questions. 9C. Operator Report Mr. Miller presented the Operator Report dated March 20, 2026. The year-to-date usage is consistent with what was seen in the previous year. The usage is still down by about 50%. This is associated with less sales or exchange in MW between the southern utilities and GVEA. There were no identified trips for the Intertie between January and March. Regarding the IOC Quarterly Reliability Report, there was a fair amount of activity between January and March that is noted, including several trips that occurred at Healy 2 and the underfrequency load shed (UFLS) event that occurred on March 4, 2026. Generally, the response is approximately 10 MW/0.1 Hz. Mr. Laughlin highlighted that there are five Healy 2 trips listed. He requested additional context regarding those events. Mr. Miller explained that he does not have any specific information about the nature of the trips at Healy 2. Mr. Bishop believes that some of the Healy 2 trips are related to difficulties with pole quality due to weather. Mr. Price noted that over the last couple of months, more Intertie usage has been pulled than has been budgeted due to the cold snaps and cold issues. He asked GVEA if that trend is expected to continue for this budget year. Mr. Bishop responded that he does not have that information today. He will get the information and then provide an answer at a later time. An unidentified speaker commented that the surplus becomes bigger, the more the usage occurs. Mr. Bishop expects that GVEA would like to purchase more power, but that is dependent on availability. Chair Zellers believes that the cold snap will end, and that the load will return to the normal budgeted amount. He noted that Bradley Lake has scheduled upcoming outages. There were no other comments or questions. MOTION: A motion was made by Mr. Laughlin to enter into Executive Session to discuss confidential matters that 1) the immediate knowledge of which would clearly have an adverse effect upon the finances of AEA, the Intertie, the IMC, or any of its members, 2) matters involving consideration of records that by law are not subject to public disclosure. Motion seconded by Mr. Bishop. A roll call vote was taken, and the motion to enter into Executive Session was approved unanimously.
IMC Meeting Minutes – March 20, 2026 5
10. EXECUTIVE SESSION: 9:21 a.m. – (Bylaws Section 5.11.3) To discuss confidential (1) matters the immediate knowledge of which would clearly have an adverse effect upon the finances of AEA, the Intertie, the IMC, or any of its members; (2) matters involving consideration of records that by law 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. MEMBERS COMMENTS Mr. Bishop thanked counsel for their professional efforts on behalf of IMC, and thanked members who participated, including the staff, subcommittees, and accounting individuals who support the efforts of this organization that provides significant benefits to the Railbelt. Mr. Laughlin echoed Mr. Bishop’s comments, specifically to counsel and Chair Zellers for attending the RCA RTO hearings. He thanked staff for their reports and information today. Mr. Price echoed the previous sentiments. Chair Zellers echoed the comments of appreciation for the recent efforts regarding the RTO. 12. NEXT MEETING DATE – May 1, 2026 Chair Zellers indicated that the next meeting date is May 1, 2026. 13. ADJOURNMENT There being no further business of the IMC, the meeting adjourned at 9:55 a.m. __________________________ Tony Zellers, Chair __________________________ Bill Price, AEA Secretary
Alaska Energy Authority
Alaska Intertie
Date: May 1, 2026
Proposed FY2027 Budget
Page 1 of 8
ALASKA ENERGY AUTHORITY
ALASKA INTERTIE
Proposed FY2027 Budget Contents
Description Page #
Budget Summary 3
O&M Budget 4-5
Grant Budget 6
Usage Projection 7
AK Intertie MITCR 8
Page 2 of 8
Proposed FY2027 Budget
Budget Summary
Revenues O&M Grant Total Total GVEA Total CEA Total MEA Total HEA Total
Revenue from Operations 4,752,194 - 4,752,194 2,542,937 750,928 1,458,329 - 4,752,194
Grant Match - 1,586,228 1,586,228 1,298,215 97,916 178,314 11,783 1,586,228
4,752,194 1,586,228 6,338,422 3,841,152 848,844 1,636,643 11,783 6,338,422
Expenses
Operations 2,757,700 - 2,757,700
Admin 1,785,000 - 1,785,000
Grant - 1,586,228 1,586,228
4,542,700 1,586,228 6,128,928
Surplus/(Shortage) 209,494 - 209,494
(Total Paid by Utilities)
Page 3 of 8
Proposed FY2027 Budget
FY26 Amend Proposed
FY23 FY24 FY25 Actual FY26 FY27
Actual Actual Actual @2/28/2026 Budget Budget
REVENUES
GVEA 1,632,539 3,896,647 2,654,471 1,682,882 2,593,498 2,542,937
CEA 405,435 471,717 462,878 302,464 379,452 750,928
MEA 450,409 674,787 803,910 841,106 1,198,215 1,458,329
INTEREST 58,625 106,406 118,200 44,679 - -
OTHER 27,357 113,875 - 1,950
TOTAL REVENUES 2,574,364 5,263,432 4,039,459 2,873,082 4,171,165 4,752,194
EXPENSES
FERC 562 - Station Operation Expenses
GVEA - Substation Electricity Usage 478 - - - - -
478 - - - - -
FERC 566 - Miscellaneous Transmission Expense
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 37,341 175,000 175,000
157,329 145,349 25,402 37,341 175,000 175,000
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 4,800 7,200 7,200
Equipment Rental 102 - - - - -
8,802 8,200 8,200 5,800 8,200 8,200
FERC 569 Maintenance of Structures
MEA - Insulator & Str Replacement (Teeland to Douglas)- - - - 100,000 350,000
MEA - Maintenance of Structures - 5,204 - - 100,000 100,000
- 5,204 - - 200,000 450,000
FERC 570 - Maintenance of Station Equipment
GVEA - HLSB17 Sync PT Replacement - - 94,455 409 50,000 -
GVEA - Healy, Cantwell, Goldhill 141,248 80,624 37,514 15,088 54,500 54,500
GVEA - SCADA Maintenance Healy, Cantwell, Gold Hill 1,120 - - 10,000 10,000
GVEA - Replace Healy Substation Breaker B17 - - 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 - SVC Insulator Replacements - Healy and Gold hill - - - - 10,000 -
GVEA - SVC Capacitor Spares - - 38,499 - - -
GVEA - Redesign Healy SVC 138 kV Interconnection - - - - 50,000 -
GVEA - Intertie - SVC Project - 3,693 - - -
CEA - Teeland Substation Communication - 6,787 - - 5,000 10,000
CEA - Teeland Substation 74,128 168,737 87,080 65,547 180,000 100,000
CEA - Teeland Substation Breaker 538 Replacement 350,000
CEA - Douglas Substation Communication - - 6,866 - 5,000 10,000
MEA - Douglas Substation - 5,181 286,046 218,768 250,000 -
MEA - Douglas Substation 138 kV BKR Inspections - - - - - -
CEA - Telecomm Support (Douglas, Teeland, Anc-Fbks Leased Circuits)- - - 131,682 500,000 -
263,065 271,301 1,572,805 432,594 1,114,500 534,500
Page 4 of 8
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 31,301 600,000 660,000
GVEA - Northern ROW Clearing - Remote Sensing Analysis - 335,516 - - - 30,000
GVEA - Landing Pads - - - - 60,000 60,000
GVEA - Repair Tower 616 Foundation - - 8,000 500,000 -
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 - 175,000 350,000
MEA - Southern ROW Remote Sensing and Analysis - 104,849 5,561 - 10,000 60,000
MEA - Equipment Repair and Replacement 803,393 152,755 23,023 - 100,000 100,000
1,846,961 1,922,010 791,046 50,192 1,723,000 1,538,000
FERC 924 - Property Insurance
AK Intertie - Insurance 40,178 42,558 48,653 26,521 45,000 52,000
40,178 42,558 48,653 26,521 45,000 52,000
Intertie Operating Costs Total 2,316,813 2,394,623 2,446,105 552,448 3,265,700 2,757,700
FERC 920 - AEA Administrative Costs
Personal Services, Travel and Other Costs 190,236 254,493 367,055 219,425 300,000 375,000
190,236 254,493 367,055 219,425 300,000 375,000
FERC 920 - IMC Administrative Costs
IMC Administrative Costs (Audit, meetings, legal)14,579 20,672 15,220 213,753 20,000 200,000
14,579 20,672 15,220 213,753 20,000 200,000
FERC 566 - Miscellaneous Transmission Expense
Misc Studies: $150k for Southern Intertie analysis by CEA, $250k EMT Model Development
by GVEA 150,368 57,544 134,247 139,643 180,000 400,000
LIDAR study (complete lidar, vegetation, PLS CADD file with drawings, structure/foundation
movement, infrared, and imaging)- - - - - -
Private Line Telephone Service for AKI SCADA (GVEA)5,788 2,315 13,240 20,191 85,000 30,000
SVC Support Services Contract - - - - - 550,000
SVC PSS/E & EMT Model Development - - - - - 100,000
PSSE Maintenance - - - - 27,000 90,000
EPRI (Annual Cost)- - - - 40,000 40,000
156,155 59,859 147,487 159,834 332,000 1,210,000
Intertie Administration Costs Total 360,970 335,023 529,762 593,012 652,000 1,785,000
TOTAL EXPENSE 2,677,783 2,729,646 2,975,867 1,145,460 3,917,700 4,542,700
SURPLUS (SHORTAGE) (103,419) 2,533,786 1,063,591 1,727,621 253,465 209,494
Page 5 of 8
Proposed FY2027 Budget
Utility Grant Matching Contributions
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
$1,463,611
Percent FY27
Power Purchaser Share Match Year Project Total Cost Grant Reimbursement Grant Match (Cash and In-Kind)
1 $50,000 $37,500 $12,500
GVEA 81.95%1,199,429 2 $5,854,445 $4,390,834 $1,463,611
CEA 6.69%97,916 3 $5,854,445 $4,390,834 $1,463,611
MEA 11.36%166,266 4 $1,000,000 $750,000 $250,000
5 $1,000,000 $750,000 $250,000
100.00%1,463,611 Total $13,758,890 $10,319,168 $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
Total Match Amount
$122,617
HEA is contributing because they are receiving benefit from the Synchrophaser System (Railbelt wide)
Percent FY27 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% 11,783
Year Project Cost
Railbelt Utilities
Combined Cash Match
Railbelt Utilities
In Kind Contribution Grant Contribution
1 $100,000 $9,839 $50,000 $40,161
GVEA 89.13%98,786 2 $525,306 $9,839 $112,778 $402,689
CEA 0.00%- 3 $525,306 $9,839 $112,778 $402,689
MEA 10.87%12,048 4 $525,306 $9,839 $112,778 $402,689
5 $525,306 $9,839 $112,778 $402,689
100.00%110,834 Total $2,201,224 $49,195 $501,112 $1,650,917
DOE Resiliency Grant - AK Intertie Snow Load Resiliency
DOE Resiliency Grant - Synchrophasor Project - Five Year Average
Page 6 of 8
Proposed FY2027 Budget
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 2,403 2,660 0 5,063 $68,293 $75,597 $0 $227,760 $71,832 $155,928 $148,750 $748,160
Aug 4,840 2,300 0 7,140 $137,553 $65,366 $0 $148,750 $351,669
Sep 6,669 2,140 0 8,809 $189,533 $60,819 $0 $148,750 $399,102
Oct 9,411 2,000 0 11,411 $267,461 $56,840 $0 $148,750 $473,051
Nov 8,802 2,350 0 11,152 $250,153 $66,787 $0 $148,750 $465,690
Dec 7,152 2,400 0 9,552 $203,260 $68,208 $0 $148,750 $420,218
Jan 2,493 2,400 0 4,893 $70,851 $68,208 $0 $148,750 $287,809
Feb 905 2,260 0 3,165 $25,720 $64,229 $0 $148,750 $238,699
Mar 2,044 2,275 0 4,319 $58,090 $64,656 $0 $148,750 $271,496
Apr 6,005 2,225 0 8,230 $170,662 $63,235 $0 $148,750 $382,647
May 7,296 2,250 0 9,546 $207,352 $63,945 $0 $148,750 $420,047
Jun 2,507 2,590 0 5,097 $71,249 $73,608 $0 $148,750 $293,607
TOTAL 0 60,527 27,850 0 88,377 $1,720,177 $791,497 $0 $227,760 $71,832 $155,928 $1,785,000 $4,752,194
Total Energy: $2,511,674 Total Capacity : $455,520
88,377 MWH
81,012 MWH
204,984 MWH TOTAL MWH REVENUE $4,752,194
O&M BUDGET - Operating 2,757,700
-
O&M BUDGET - Administrative 1,785,000
UTILITY FY 27 TOTAL O&M BUDGET 4,542,700
MEA 31.60% 24.60 MW SURPLUS (SHORTAGE) $209,494
CEA 68.40% 53.40 MW
GVEA 100.00% 78.00 MW Annual Participant Administrative Contribution 595,000.00
156.0 Monthly Contribution per Participant 49,583.33
Usage Rate per KWH 0.02842$
Capacity Rate $2.92
Section 7.2.2 MINIMUM USAGE CONTRACT VALUE
ALASKA INTERTIE
FISCAL YEAR 2027
ENERGY PROJECTION
TOTAL INTERTIE PROJECTED ENERGY USAGE
Usage estimate reduced by 1/12 of Total for rate calculations
Page 7 of 8
Proposed FY2027 Budget
Annual System Demand
23-24 24-25 25-26 3 YR AVG.
SOUTHERN UTILITY PARTICIPANTS (MW)
CEA 322.9 338.7 338.2 333.3 MW PROPOSED AMEND APPROVED APPROVED APPROVED
MEA 150.7 154.2 157.6 154.2 MW 6/30/2027 6/30/2026 6/30/2025 6/30/2024 6/30/2023
UNITS FY27 FY26 FY25 FY24 FY23
USAGE KWH 81,012,000 80,949,000 162,048,000 251,476,000 415,247,000
OPERATING BUDGET $ 2,757,700 3,350,700 3,271,100 3,710,200 2,544,100
MITCR KW 156,000 156,000 156,000 156,000 156,000
TOTAL 487.5 MW
ENERGY (A)$.000/KWH $0.02842 $0.03456 $0.01686 $0.01232 $0.00512
NORTHERN UTILITY PARTICIPANTS (MW)
CAPACITY (B)$/KW $2.92 $3.54 $3.46 $3.92 $2.69
GVEA 205.5 204 204 204.5 MW
TOTAL 204.5 MW
MITCR DETERMINATION
FY 27 KWH CAP RATE CAP CHARGES
MEA 31.60% 24.60 MW 24,600 $2.92 71,832.00
CEA 68.40% 53.40 MW 53,400 $2.92 155,928.00
GVEA 100.00%78.00 MW 78,000 $2.92 227,760.00
156.00 MW 156,000 455,520.00
(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 2027
Page 8 of 8
Alaska Energy Authority
AK Intertie Budget to Actual Revenues and Expenses
07/01/2025 to 02/28/2026
Page 1 of 4
FY26 Budget
07/01/2025 -
02/28/2026 Actuals
YTD Actuals as a
% of Total
Annual Budget
(Over) Under YTD
Variance
Revenue From Utilities
AKI-GVEA 2,414,328 1,816,111 1,682,882 70%133,229
AKI-CEA 365,464 302,464 302,464 83%-
AKI-MEA 1,122,978 778,522 841,106 75%(62,585)
Total Revenue From Utilities 3,902,770 2,897,097 2,826,453 72%70,644
Interest - - 44,679 0%(44,679)
Other - - 1,950 0%(1,950)
Total Revenues 3,902,770 2,897,097 2,873,082 74%24,015
Total Revenues 3,902,770 2,897,097 2,873,082 74%24,015
56600 Misc Transmission Expense
AK Intertie-Miscellaneous Studies as Needed 247,000 164,667 139,643 57%25,024
Alaska Energy Authority Total 247,000 164,667 139,643 57%25,024
Golden Valley Electric
AK Intertie-Private Line Telephone Service SCADA 85,000 56,667 20,191 24%36,475
Golden Valley Electric Total 85,000 56,667 20,191 24%36,475
56601 Weather Monitoring Batteries
Alaska Energy Authority
AK Intertie-SLMS Support & Intertie Ground Patrol 175,000 116,667 37,341 21%79,326
Alaska Energy Authority Total 175,000 116,667 37,341 21%79,326
56700 Rents
Alaska Energy Authority
AK Intertie-Alaska Railroad 1,000 667 1,000 100%(333)
Alaska Energy Authority Total 1,000 667 1,000 100%(333)
Matanuska Electric Association
AK Intertie-Talkeetna Storage 7,200 4,800 4,800 67%-
Matanuska Electric Association Total 7,200 4,800 4,800 67%-
56900 Maintenance of Structures
Matanuska Electric Association
AK Intertie-Maintenance of Structures 350,000 233,333 - 0%233,333
AK Intertie-Insulator Replace (Tee to Douglas) 100,000 66,667 - 0%66,667
Matanuska Electric Association Total 450,000 300,000 - 0%300,000
57000 Maintenance of Station Equip
Chugach Electric Association
AK Intertie-Teeland Substation 185,000 123,333 65,547 35%57,787
AK Intertie-Douglas Substation Communications 105,000 70,000 131,682 125%(61,682)
Chugach Electric Association Total 290,000 193,333 197,229 68%(3,896)
AK Intertie-Healy, Cantwell, Goldhill 54,500 36,333 15,088 28%21,246
AK Intertie-SCADA Maint Healy, Cantwell, Goldhill 10,000 6,667 - 0%6,667
AK Intertie-HLSB Sync PT Replacement 50,000 33,333 409 1%32,925
AK Intertie-Replace Healy Substation Breaker - - 1,100 0%(1,100)
SVC Insulator Replacements - Healy and Gold hill 10,000 6,667 - 0%6,667
AK Intertie-Redesign Healy SVC 138 kV Interconnect 50,000 33,333 - 0%33,333
Golden Valley Electric Total 174,500 116,333 16,596 10%99,737
Matanuska Electric Association
AK Intertie-Douglas Substation 150,000 100,000 218,768 146%(118,768)
Matanuska Electric Association Total 150,000 100,000 218,768 146%(118,768)
57100 Maint of OH Lines
AK Intertie-Northern Maintenance 103,000 68,667 - 0%68,667
AK Intertie-Landing Pads 60,000 40,000 - 0%40,000
Golden Valley Electric Total 163,000 108,667 - 0%108,667
Matanuska Electric Association
AK Intertie-Special Patrols (Incl Foundation Insp) 50,000 33,333 - 0%33,333
AK Intertie-Southern Maint. (Incl Ground Insp) 125,000 83,333 10,891 9%72,442
ALASKA ENERGY AUTHORITY
AK INTERTIE BUDGET TO ACTUAL REVENUE AND EXPENSES
FOR THE PERIOD 07/01/2025 THROUGH 02/28/2026
Page 2 of 4
FY26 Budget
07/01/2025 -
02/28/2026 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 02/28/2026
AK Intertie-Equipment Repair & Replacement 100,000 66,667 - 0%66,667
Matanuska Electric Association Total 275,000 183,333 10,891 4%172,442
57102 Maint OH Lines-ROW Clearing
Golden Valley Electric
AK Intertie-Northern ROW Clearing 600,000 400,000 31,301 5%368,699
AK Intertie-Repair Tower 616 Foundation 500,000 333,333 8,000 2%325,333
Golden Valley Electric Total 1,100,000 733,333 39,301 4%694,033
Matanuska Electric Association
AK Intertie-Southern ROW Clearing 175,000 116,667 - 0%116,667
AK Intertie-Southern ROW Remote Sensing 10,000 6,667 - 0%6,667
Matanuska Electric Association Total 185,000 123,333 - 0%123,333
58306 Misc Admin
Alaska Energy Authority
AK Intertie-IMC Admin Cost (Audit, Meeting, Legal) 20,000 13,333 213,753 1069%(200,420)
Alaska Energy Authority Total 20,000 13,333 213,753 1069%(200,420)
58401 Insurance Premiums
Alaska Energy Authority
AK Intertie-Insurance 27,000 18,000 26,521 98%(8,521)
Alaska Energy Authority Total 27,000 18,000 26,521 98%(8,521)
Matanuska Electric Association
AK Intertie-Insurance 18,000 12,000 - 0%12,000
Matanuska Electric Association Total 18,000 12,000 - 0%12,000
Total Total Expense 3,367,700 2,245,133 926,035 27% 1,319,098
Total Operating Expenses 3,367,700 2,245,133 926,035 27%1,319,098
71001 Total Expense, Budget
Alaska Energy Authority
Administrative Support Services 300,000 200,000 217,150 72%(17,150)
Alaska Energy Authority Total 300,000 200,000 217,150 72%(17,150)
Total Total Expense 300,000 200,000 217,150 72% (17,150)
Total AEA Administration Expenses 300,000 200,000 217,150 72%(17,150)
Total Expenses 3,667,700 2,445,133 1,143,185 31%1,301,948
Surplus (Shortage)235,070 451,963 1,729,897 736%1,277,933
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Alaska Intertie Budget to Actuals Status Report for the Period 07/01/2025 through 02/28/2026
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 3,021 2,675 - 5,696
Feb 504 2,224 - 2,728 Feb 2,018 2,292 - 4,310
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 40,683 19,879 - 60,562
PROJECTED ENERGY USAGE TO DATE (MWH) 62,771 ACTUAL ENERGY USAGE TO DATE (MWH) 60,562
Budgeted Operating Costs for the Period 2,245,133$ Actual Operating Costs for the Period 926,035$
(based on budget)
Budgeted Usage Revenue for the Period 2,007,417$ Actual (Billed) Usage Revenue for the Period 1,936,773$
(budgeted rate * projected usage) (budgeted rate * actual usage)
Estimated Budgeted Energy Rate per MWH 29.87$
(based on budgeted costs and usage)
Annual Budgeted Energy Rate (Billed Rate) 31.98$ Projected Actual Energy Rate per MWH 12.77$
(based on minimum contract value) (based on actual costs and usage)
Page 4 of 4
Intertie Management Committee Meeting
IOC Report
May 1, 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 delayed due to man power
limitations. Anticipated completion is July. 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 in review with AEA.
c) Snow Unloading Project: The cost-share agreement for the snow unloading project is complete.
A RFP for a design consultant has been issued with bids due in May.
d) FY2027 Budget: All participant budget items provided and reviewed by IOC on 4/24/2026.
e) PSS/E Model Sharing: Some participants and AEA have been asked by third parties to provide
the Railbelt Model for undefined private analysis assumed to be related to potential IPP
developments. The IOC debated proper course of action. Among options discussed were
requiring requests be submitted through the IMC for the model or not engage in model sharing
with third parties until RRC model ownership/processes are established.
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.
c) Railbelt EMT Model: RFP development complete and RFP release is dependent on FY2027
Budget
d) Railbelt Governor tuning/coordination: Due to SSS resource availability and the other study
initiatives in progress, this study is being postponed for the time being. (Dependent on FY 2027
budget and direction from the IMC.)
3) Relay, Protection, & Control Subcommittee
a) No update
4) SCADA/Telecommunications Subcommittee
a) Improvements to Alaska Intertie Communications: Utilities coordinated to move off the AT&T
circuit in April. Mea is working on a leased path with MTA for IP connectivity for ICCP
redundancy.
5) Operations, Maintenance, and Scheduling Subcommittee
a) No update
Intertie Management Committee Meeting
Operator Report
May 1, 2026
1. Alaska Intertie usage report
a. MWh usage – Measured at Douglas Substation, YTD
GVEA MEA Total
July – March FY25 110,445 19,723 130,168
July – March FY26 48,933 22,545 71,478
Delta – FY26 to FY 25 -56% +14% -45%
2. Alaska Intertie trips to report
There were no trips of the Alaska Intertie in the months of March - April.
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
Tripped
Pre-Trip
Freq (Hz)
High /Low
Freq (Hz)
Freq Resp
(MW/0.1Hz)
Healy 2 Trip 3/21/2026 8:05:17 36.0 60.02 59.65 9.6
GVEA NPCC Trip 3/29/2026 16:05:31 46.8 60.06 59.49 8.1
North Pole GT3 Trip 4/10/2026 12:38:30 40.9 60.02 59.66 11.6