HomeMy WebLinkAboutRenewable Energy Fund Update 11 21 11
Renewable Energy Fund Update
(as of November 21, 2011)
Current Status
Rounds I – V Grant and Funding Summary
Round I Round II Round III Round IV Round V Totals
Applications Received 112 118 123 108 98 559
Projects Funded 781 30 25 74 tbd 207
Grants in Place 776 297 2011 47 0 173
Grants Cancelled 42 13 310 0 0 8
Amount Requested ($M) $453.8 $293.4 $223.5 $123.1 $130.6 $1,224.4
AEA Recommended ($M) $100.0 $36.8 $65.8 $36.6 tbd $239.2
Appropriated ($M) $100.0 $25.0 $25.0 $26.6 tbd $176.6
Cash Disbursed ($M) $52.4 $16.4 $5.9 $.4 $0 $75.1
Available for reallocation ($M) $04/9 $05/9 $.28/9 $0 $0 $.2
1 – 11 Summary: 1) Round 0 projects included; 2) Funds used to fully fund Takatz Lake ($2M); 3), 4, 5), 8), 9) and 10) funds not
needed; used for Round IV projects; 6) Grantees responsible for delays; 7) Round I and Round II grants combined; 11) One project
funded with Round I funds.
Legislative Energy Generation Grants / SLA 2012 Status:
Akiak Electrical Generation System Upgrade $4,000,000 Grant in place / managed by AEA
Copper Valley Electric – Allison Creek Hydro $10,000,000 Grantee working on information for grant
Golden Valley Electric – Eva Creek Wind $10,000,000 Funds included with Round IV RE Fund grant
Gustavus Electric – Falls Creek Hydro $1,300,000 Funds disbursed (debt reimbursement)
Ketchikan PU – Whitman Lake Hydro $8,025,000 Grantee working on information for grant
Kodiak Electric Assc. – Terror Lake Hydro $3,750,000 Funds included with Round IV RE Fund grant
Ormat – Mt. Spurr Geothermal project $12,500,000 Project on hold
Sitka PU – Blue Lake Hydro $28,500,000 Grantee working on information for grant
ARCTEC Energy Projects (Railbelt) / SLA 2012 Status:
Chugach – Anchorage to Quartz Creek TL Repair $15,000,000 AEA needs to draft grant agreement
AEA – Battle Creek Diversion (managed in-house) $3,000,000 Project underway
Chugach - Cook Inlet Gas Gathering System $4,000,000 Grant in place / project underway
Chugach – Girdwood Substation Improvements $500,000 AEA needs to draft agreement for grant
Homer Electric Assc. – Sterling Substation Impr $500,000 Grantee working on information for grant
HEA – Soldotna to Nikiski TL Upgrade $18,000,000 Grant in place / project underway
HEA – Quartz Creek to Soldotna TL Repair $5,000,000 Study needs to be completed first
Seward PU – Power Plant Integration $4,000,000 AEA needs to draft agreement for grant
AEA – Teeland to Healy Substation Impr $5,000,000 work underway
AEA – Soldotna to Quartz Creek Study, Design & Permitting $1,000,000
($250,000 managed in-house for study, balance for Bradley access transmission planning output)
Other significant projects administered by AEA:
Nuvista Light & Power – Chikuminuk Hydro $10,000,000 Grantee working on information for grant
Chugach / CIRI – Fire Island Wind TL $25,000,000 Grant in place / project underway