2011-05-12T12:16:41-05:00 2010-12-31 KPMG LLP 701 West 8th Avenue Suite 600 Anchorage AK 99501 990 2010-01-01 920014224 Chugach Electric Association Inc CHUG 9077624778 PO Box 196300 Anchorage AK 995196300 Michael R Cunningham 2011-05-05 true JULIE A SCHRECENGOST 9072651200 2010 2016-03-07 17:11:31Z Bradley W Evans PO Box 196300 Anchorage AK 995196300 259352608 false X WWW.CHUGACHELECTRIC.COM X 1948 AK CHUGACH ELECTRIC ASSOCIATION, INC. PROVIDES THE GENERATION, TRANSMISSION AND DISTRIBUTION OF ELECTRICITY TO RETAIL CUSTOMERS AND THE GENERATION AND TRANSMISSION OF ELECTRICITY TO WHOLESALE CUSTOMERS. 7 7 385 22 0 0 0 290723372 258770423 312262 571334 0 0 291035634 259341757 43970 24131 0 0 2034901 1850159 0 0 0 282837010 251596880 284915881 253471170 6119753 5870587 561567931 626414696 408978129 467885444 152589802 158529252 CHUGACH ELECTRIC ASSOCIATION, INC. PROVIDES THE GENERATION, TRANSMISSION AND DISTRIBUTION OF ELECTRICITY TO RETAIL CUSTOMERS AND THE GENERATION AND TRANSMISSION OF ELECTRICITY TO WHOLESALE CUSTOMERS. THROUGH SUPERIOR SERVICE, SAFELY PROVIDE RELIABLE AND COMPETITIVELY PRICED ENERGY. false false 221000 226705499 24131 258550395 CHUGACH ELECTRIC ASSOCIATION, INC. PROVIDES TRANSMISSION AND DISTRIBUTION SERVICES TO APPROXIMATELY 81,339 RETAIL SERVICE LOCATIONS AND PROVIDES GENERATION AND TRANSMISSION SERVICES TO SEVERAL WHOLESALE CUSTOMERS. 226705499 false false false false false false false false true false false false true true true false false false false false false false false false false false false true true false false false false false false false false false false false false false false false false false true 159 0 true 385 true false false false false false false false false false 63072907 1959307 false X 7 7 false false true false true true true true false true false true true true true true true true false false AK X MICHAEL R CUNNINGHAM 9077624778 5601 ELECTRON DRIVE ANCHORAGE AK 995181074 JIM NORDLUND 6.0 X 10300 0 0 REBECCA LOGAN 9.0 X 16400 0 0 JANET REISER 7.0 X 14850 0 0 ELIZABETH KENNEDY 9.0 X 11850 0 0 ELIZABETH VAZQUEZ 7.0 X 12200 0 0 SUSAN REEVES 6.0 X 7600 0 0 PJ HILL 8.0 X 13700 0 0 S DOUGLAS ROBBINS 0.0 X 0 0 0 JOHN A GIMARC 6.0 X 5000 0 0 BRADLEY W EVANS 40.0 X 268050 0 131541 MICHAEL R CUNNINGHAM 40.0 X 193230 0 170408 PAUL R RISSE 40.0 X 166251 0 109421 DAVID R SMITH 40.0 X 181406 0 70773 EDWARD M JENKIN 40.0 X 164289 0 113324 TYLER E ANDREWS 40.0 X 144950 0 44625 LEE D THIBERT 40.0 X 202339 0 131192 ISAAC M WALDROP III 57.0 X 184453 0 87547 DONALD L HOPKINS 46.0 X 188364 0 120313 MIKE W R SNELL 54.0 X 167488 0 35524 THOMAS M FLOOD 48.0 X 169453 0 106678 MICHEAL K BULLARD 49.0 X 162881 0 59263 RONALD K VECERA 40.0 X 145167 0 158169 2430221 0 1338778 138 true true false MARSH Mclennan Agency LLC 1168 Avenue of the Americas NEW YORK NY 10036 insurance services 871202 Leonard Street Deinard PA 150 S 5th St Ste 2300 MINNEAPOLIS MN 55402 Legal Services 647960 Wilson Sonsini Goodrich Rosati PC 650 Page Mill Road PALO ALTO CA 94304 LEGAL SERVICES 428604 Davis Wright Tremaine LLP 1201 Third Avenue Suite 2200 SEATTLE WA 98101 legal services 218763 KPMG LLP 3 CHESTNUT RIDGE RD MONTVALE NJ 07645 AUDIT/TAX 197105 18 0 ELECTRIC REVENUE 221000 257634279 257634279 CAPITAL CREDITS 221000 402263 402263 POLE RENTAL 221000 220028 220028 MICROWAVE SERVICES 221000 471038 471038 MEMBERSHIP DUES 221000 42815 42815 258770423 310964 310964 0 0 271221 10851 260370 260370 260370 0 0 0 0 259341757 258550395 791362 0 24131 24131 0 0 1850159 1850159 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 19921732 19921732 0 32218345 32218345 0 FUEL/PURCHASED POWER 138410915 138410915 OTHER POWER PRODUCTION 18248656 18248656 TRANSMISSION EXPENSE 5680697 5680697 DISTRIBUTION EXPENSE 12201023 12201023 CONSUMER ACCOUNTS 5323551 5323551 19591961 19591961 253471170 226705499 26765671 3628802 12282571 32764733 35140119 29990618 35974170 23299304 22920379 947941144 443115273 458655741 504825871 12333936 12163097 894797 3108489 561567931 626414696 10212105 18860926 362919847 405801818 35846177 43222700 408978129 467885444 X 1432054 1474869 127826508 133328213 23331240 23726170 152589802 158529252 561567931 626414696 X 5870587 68863 X true true true X false 11618472 11618472 67349309 36705316 30643993 868973363 406409957 462563406 504825871 0 CONSUMER DEPOSITS 5225729 ACCRUED INTEREST 6049531 FUEL 21569538 OTHER 1872314 DEFERRED CREDITS 1375913 DEFERRED COMPENSATION 395833 SALARIES, WAGES, & BENEFITS 6733842 43222700 259341757 253471170 5870587 -460578 -460578 5410009 259382908 83966 83966 259298942 42815 42815 259341757 253972899 417763 417763 253555136 -83966 -83966 253471170 Part XI, Line 8 Tax to book depreciation on territorial settlement with Municipal Light & Power ($417,763), Program membership dues and assessment ($42,815) = ($460,578) Part XII, Line 2d Allowance for funds used during construction = $83,966 Part XII, Line 4b Program membership dues and assessment = $42,815 Part XIII, Line 2d Tax to book depreciation on territorial settlement with Municipal Light & Power = $417,763 Part XIII, Line 4b Allowance for funds used during construction = ($83,966) Part X Line 2 FIN 48 Footnote Chugach applies a more-likely-than-not recognition threshold for all tax uncertainties. FASB ASC 740 only allows the recognition of those tax benefits that have a greater than fifty percent likelihood of being sustained upon examination by the taxing authorities. Chugach's management reviewed Chugach's tax positions and determined there were no outstanding, or retroactive tax positions, that were not highly certain of being sustained upon examination by the taxing authorities. Management has concluded that there are no significant uncertain tax positions requiring recognition in its financial statements for all periods presented. Chugach's evaluation was performed for the tax periods ended December 31, 2007 through December 31, 2010 for U.S. Federal Income Tax, the tax years which remain subject to examination by major tax jurisdictions as of December 31, 2010. true Credit applied to electric bill 76 24131 Part III Credit applied to electric bill of disabled or over 65 years of age indigent members who because of various hardship situations are unable to pay their present or past due electric bill. Chugach Electric Association, Inc. has a board policy that establishes the criteria members must meet in order to qualify for assistance in paying their present or past due electric bills. The applicant screening is done through the Safety Link program administered by the Municipality of Anchorage, Health and Social Services agency. Chugach receives a pledge form directly from Safety Link for qualified members. The contributions for this program are included in the organization's annual budget. X false true X X X X false false false BRADLEY W EVANS 213438 0 12500 0 42112 0 108663 0 22878 0 399591 0 0 0 MICHAEL R CUNNINGHAM 138512 0 0 0 54718 0 147530 0 22878 0 363638 0 0 0 PAUL R RISSE 147470 0 0 0 18781 0 86543 0 22878 0 275672 0 0 0 DAVID R SMITH 141841 0 0 0 39565 0 45407 0 25366 0 252179 0 0 0 EDWARD M JENKIN 159041 0 0 0 5248 0 90446 0 22878 0 277613 0 0 0 TYLER E ANDREWS 120358 0 5000 0 19592 0 20447 0 24178 0 189575 0 0 0 RONALD K VECERA 89978 0 0 0 55189 0 132791 0 25378 0 303336 0 0 0 ISAAC M WALDROP III 180240 0 0 0 4213 0 69707 0 17840 0 272000 0 0 0 DONALD L HOPKINS 159148 0 0 0 29216 0 103007 0 17306 0 308677 0 0 0 MIKE W R SNELL 158084 0 0 0 9404 0 18145 0 17379 0 203012 0 0 0 THOMAS M FLOOD 159491 0 0 0 9962 0 89122 0 17556 0 276131 0 0 0 MICHEAL K BULLARD 151368 0 0 0 11513 0 43517 0 15746 0 222144 0 0 0 LEE D THIBERT 176107 0 10000 0 16232 0 108314 0 22878 0 333531 0 0 0 Part I, Line 1b If any of the boxes on line 1a are checked, did the organization follow a written policy regarding payment or reimbursement or provision of all of the expenses described above? No. The organization does not have a formal written policy regarding the payment of tax indemnification and gross-up payments. It is currently at the discretion of the Chief Executive Officer, or at the discretion of the Board of Directors, if the payment is to the Chief Executive Officer. Part VI, Section A, Line 4 Did the organization make any significant changes to its governing documents since the prior Form 990 was filed? At the organization's annual membership meeting held on April 29, 2010, five bylaw amendments passed, which included three proposals that dealt with clarifying non-natural candidate qualifications, member committee terms and service and the board delegation of duties. Another proposal changed director voting procedures and the final proposal moved the annual meeting date from the month of April to approximately six weeks later. Part VI, Section A, Line 6 Does the organization have members or stockholders? The organization is an electric cooperative which is owned by its members, approximately 66,974 at December 31, 2010. Part VI, Section A, Line 7a Does the organization have members, stockholders, or other persons who may elect one or more members of the governing body? The Board of Directors are elected by the membership and serve three-year terms. Part VI, Section A, Line 7b Are any decisions of the governing body subject to approval by members, stockholders, or other persons? Changes to the organizations Bylaws and Articles of Incorporation are subject to approval by the membership. Part VI, Section A, Line 8b Did the organization contemporaneously document the meetings held or written actions undertaken during the year by the following: Each committee with authority to act on behalf of the governing body? Board committees do not have the authority to act on behalf of the governing body. Board committees make recommendations to the governing body for approval, however, the organization contemporaneously documents the committee meetings held and written actions undertaken during the year. Part VI, Section A, Line 9 Is there any officer, director or trustee, or key employee listed in Part VII, Section A, who cannot be reached at the organization's mailing address? Yes. David R. Smith can be reached at P.O. Box 242872, Anchorage, AK 99524-2872. Part VI, Section B, Line 11b Describe in Schedule O the process, if any, used by the organization to review this Form 990. The Form 990 is reviewed by the CEO and senior executive staff or officers of the organization in detail, including all forms and schedules. The Form 990, including all forms and schedules, is also reviewed by our Board of Directors prior to being filed by our independent accounting firm. Part VI, Section B, line 12c Does the organization regularly and consistently monitor and enforce compliance with the conflict of interest policy? Yes. The organization has a written conflict of interest policy which covers the Board of Directors (governing body) and all employees. The organization regularly and consistently monitors minutes and investigates potential or actual conflicts when discovered through member identification. Conflicts of an employee are reviewed and determined by the CEO, Chairman of the Board and Vice President of Human Resources. Conflicts of the CEO are reviewed and determined by the Board of Directors. Conflicts of the Board of Directors are reviewed by legal counsel and determinations are made by a vote of the Board of Directors after receiving advise from legal counsel. Any Director or employee whose conduct infringes upon either the letter or spirit of the conflict of interest policy shall be subject to: (1) if CEO, termination by appropriate action of the Board of Directors; (2) if an employee, termination by appropriate action of the CEO; or (3) if a Director, charges by the Board leading to removal in accordance with the appropriate section of the organization's Bylaws or automatic ineligibility as applicable under the circumstances. Part VI, Section B, Line 15a Did the process for determing compensation of the following persons include a review and approval by independent persons, comparability data, and contemporaneous substation of the deliberation and decision? The compensation for the CEO was established by the Board of Directors in a three-year employment agreement effective July 1, 2008, which was approved by the Board Directors at its August 27, 2008 board meeting. A link to the minutes of that meeting are on the organization's website. Comparable compensation for similarly qualified persons in functionally comparable positions at similarly situated organizations was provided to the Board of Directors for their use in establishing the CEO's compensation. Part VI, Section C, Line 19 Describe in Schedule O whether (and if so, how), the organization makes its governing documents, conflict of interest policy, and financial statements available to the public. The organization's governing documents, conflict of interest policy and financial statements are available on its website. Part XI, Line 5 Other changes in net assets or fund balances (explain in Schedule O). The other changes in net assets or fund balances consist of retirement of capital credits and estate payments of ($94,278), an increase in donated capital of $72,821, and an increase in unredeemed capital credits of $90,320, totaling a net change of $68,863.