Chugach Electric Association

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Deriving its name from an old Eskimo tribal word, Chugach Electric Association generates, transmits, distributes, and sells electricity in Alaska’s railbelt region. This area extends from the coastal Chugach Mountains into central Alaska and includes the state’s two largest cities (Anchorage and Fairbanks). The member-owned cooperative utility has 530 MW of generating capacity from its natural gas-fired and hydroelectric power plants. Serving 80,300 metered retail locations, Chugach Electric, the largest electric utility in Alaska, also sells wholesale power to other municipal and cooperative utilities in the region.

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3.6

Overall Excellence Rating

Industry

Utilities

Category

Energy & Utilities

ESG/Ethical Impact

At the end of 2021, Chugach served approximately 113,000 metered locations in areas extending from Anchorage to the northern Kenai Peninsula, and from Whittier on Prince William Sound to Tyonek on the west side of Cook Inlet. Chugach had 790.7 megawatts of generation capacity at Chugach-owned facilities, which includes Chugach’s shares of the jointly owned Eklutna Power Plant. Chugach also takes power from the state-owned Bradley Lake Hydroelectric Project near Homer and from the Fire Island Wind Project. Chugach operated 3,782 miles of energized line at year-end, consisting of 472 miles of transmission line, 3,310 miles of overhead and underground distribution line. In 2021, Chugach successfully completed its first full year of combined operations following the acquisition of Anchorage Municipal Light & Power (ML&P). The acquisition has been a success, resulting in significant savings that far exceeded targeted levels. Chugach expects additional savings over the next several years as efficiencies resulting from combined operations are fully realized. The acquisition has resulted in lower costs that are and will continue to be passed on to members in the form of lower electric rates. Chugach is committed to serving its members, its employees, and its community, guided by its values of safety, reliability, accountability, and sustainability. The Mission, Vision and Value Statements of Chugach are derived from its core values and establish the foundation of the organization. They are a reference point to guide decision making and actions at all levels of the organization. Sustainability is identified in the Mission, Vision and Value Statements.

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Awards Received

2023

Revenues

$212,500,000.00

Website Traffic

Employee Rating

3.3

Customer Rating

3.2

Company Size

100-1000

ESG Risk Rating

3

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