Chugach Electric Association Inc

“Form 990, part vi, section a, line 9 some of the individuals cannot be reached at the organization's mailing address. This information is available upon request.”

“The organization is an electric cooperative which is owned by its members, approximately 90,280 as of 09/30/24.”

“The current board of directors are elected by the membership and serve four-year terms.”

“Changes to the organization's bylaws and articles of incorporation are subject to approval by the membership.”

“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 recommendations undertaken during the year.”

“The organization's review process for form 990 includes an initial review by the ceo and officers in detail, including all forms and schedules. The forms and schedules are also provided to the board of directors prior to being filed.”

“The chugach board has a written "prohibited conduct and conflict of interest" policy and procedures for review and approval of related-party transactions. Either the board members or the ceo will conduct the review, depending who is involved. Among other factors, the nature of the transaction and whether the transaction or relationship impairs the ability of the employee or director to serve the best interest of chugach are evaluated during the review. 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 legal counsel. 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 advice 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.”

“The board of directors enlisted the aid of an independent consultant to advise them on market compensation, and the process was contemporaneously documented. After meeting with the consultant, the board set the ceo's salary.”

“All applicable documents are available to the public on the company's website.”

“Chugach electric association, inc. Changed its 12/31 year end to a 9/30 fiscal year end and filed a form 990 for the short period from 1/1/2024 to 9/30/2024. Compensation information is not being reported in accordance with the form 990 filing instructions for short period returns.”

“Chugach electric association, inc. Provides the generation, transmission, and distribution of electricity to retail customers and the generation and transmission of electricity to its wholesale customer.”

“Chugach electric association, inc. Provides transmission and distribution services to approximately 113,635 retail service locations and provides generation and transmission services to its wholesale customer.”

“Chugach electric association, inc. Provides the generation, transmission, and distribution of electricity to retail customers and the generation and transmission to its wholesale customer. We provide safe, reliable, and affordable electricity through superior service and sustainable practices, powering the lives of our members.”

“Chugach electric association, inc. Changed its 12/31 year end to a 9/30 fiscal year end and filed a form 990 for the short period from 1/1/2024 to 9/30/2024. Because no tax year ended within the short year, no forms 1099 or w-2 were filed for the reporting period.”

“Donated capital 221,036. Unredeemed capital credits -56,128. Retirement of capital credits and estate payments -518,322. Assignable margins -18,884.”

“Chugach electric association, inc. Changed its 12/31 year end to a 9/30 fiscal year end and filed a form 990 for the short period from 1/1/2024 to 9/30/2024. Revenue procedure 85-58 rules apply. Taxpayer is pursuing a private letter ruling under section 301.9100-3 regarding this change.”