TIN:
SCHEDULE O
(Form 990 or 990-EZ)
Department of the Treasury
Internal Revenue Service
(Form 990 or 990-EZ)
Department of the Treasury
Internal Revenue Service
Supplemental Information to Form 990 or 990-EZ
Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2020
Open to Public
Inspection
Inspection
Name of the organization
CHUGACH ELECTRIC ASSOCIATION INC
Employer identification number
92-0014224
92-0014224
| Return Reference | Explanation |
|---|---|
| PART I, LINE 1 | 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. |
| PART III, LINE 1 | 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. WE PROVIDE SAFE, RELIABLE, AND AFFORDABLE ELECTRICITY THROUGH SUPERIOR SERVICE AND SUSTAINABLE PRACTICES, POWERING THE LIVES OF OUR MEMBERS. |
| PART III, LINE 4A | CHUGACH ELECTRIC ASSOCIATION, INC. PROVIDES TRANSMISSION AND DISTRIBUTION SERVICES TO APPROXIMATELY 115,255 RETAIL SERVICE LOCATIONS AND PROVIDES GENERATION AND TRANSMISSION SERVICES TO ITS WHOLESALE CUSTOMER. |
| FORM 990, PART VI, SECTION A, LINE 6 | DID THE ORGANIZATION HAVE MEMBERS OR STOCK HOLDERS? THE ORGANIZATION IS AN ELECTRIC COOPERATIVE WHICH IS OWNED BY ITS MEMBERS, APPROXIMATELY 92,667 AT DECEMBER 31, 2020. |
| FORM 990, PART VI, SECTION A, LINE 7A | DID THE ORGANIZATION HAVE MEMBERS, STOCKHOLDERS OR OTHER PERSONS WHO HAD THE POWER TO ELECT OR APPOINT ONE OR MORE MEMBERS OF THE GOVERNING BODY? THE CURRENT BOARD OF DIRECTORS ARE ELECTED BY THE MEMBERSHIP AND SERVE FOUR-YEAR TERMS. |
| FORM 990, PART VI, SECTION A, LINE 7B | ARE ANY GOVERNANCE DECISIONS OF THE ORGANIZATION RESERVED TO (OR SUBJECT TO APPROVAL BY) MEMBERS, STOCKHOLDERS, OR PERSONS OTHER THAN THE GOVERNING BODY? CHANGES TO THE ORGANIZATION'S BYLAWS AND ARTICLES OF INCORPORATION ARE SUBJECT TO APPROVAL BY THE MEMBERSHIP. |
| FORM 990, 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. |
| FORM 990, PART VI, SECTION B, LINE 11B | HAS THE ORGANIZATION PROVIDED A COMPLETE COPY OF THIS FORM 990 TO ALL MEMBERS OF ITS GOVERNING BODY BEFORE FILING THE FORM? DESCRIBE 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 THE BOARD OF DIRECTORS PRIOR TO BEING FILED BY OUR INDEPENDENT ACCOUNTING FIRM. |
| FORM 990, PART VI, SECTION B, LINE 12C | DID THE ORGANIZATION HAVE A WRITTEN CONFLICT OF INTEREST POLICY? DID THE ORGANIZATION REGULARLY AND CONSISTENTLY MONITOR AND ENFORCE COMPLIANCE WITH THE POLICY? 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 EXECUTIVE VP OF EMPLOYEE SERVICES AND COMMUNICATIONS. 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. |
| FORM 990, PART VI, SECTION C, LINE 19 | DESCRIBE IN SCHEDULE O WHETHER (AND IF SO, HOW) THE ORGANIZATION MADE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC DURING THE TAX YEAR. THE ORGANIZATION MADE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC ON ITS WEBSITE DURING THE TAX YEAR. |
| PART VI. SECTION A. LINE 9 | IS THERE ANY OFFICER, DIRECTOR, TRUSTEE, OR KEY EMPLOYEE LISTED IN PART VII, SECTION A, WHO CANNOT BE REACHED AT THE ORGANIZATION'S MAILING ADDRESS? PAUL RISSE. 12730 SILVER SPRUCE DRIVE, ANCHORAGE, AK 99516 HARRY CRAWFORD. 4350 BUTTE CIRCLE, ANCHORAGE, AK 99504 SUSAN REEVES. 500 L STREET, SUITE 300, ANCHORAGE, AK99501 |
| FORM 990, PART IX, LINE 24E | CONSUMER ACCOUNTS: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 8,117,694. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 8,117,694. TRANSMISSION EXPENSE: PROGRAM SERVICE EXPENSES 7,323,776. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 7,323,776. |
| PART IX. LINE 24E | IF LINE 24E AMOUNT EXCEEDS 10% OF LINE 25, COLUMN (A) AMOUNT, LIST LINE 24E EXPENSES IN SCHEDULE O. CONSUMER ACCOUNTS EXPENSE $8,117,694; TRANSMISSION EXPENSE $7,323,776 TOTAL $15,441,470 |
| FORM 990, PART X - SECURED MORTGAGES AND NOTES PAYABLE LENDER | LENDER: 2011 SERIES A TRANCHE A INTEREST RATE: 4.2000 % BEGINNING BALANCE DUE ................................54,000,000. ENDING BALANCE DUE ...................................49,500,000. LENDER: 2011 SERIES A TRANCHE B INTEREST RATE: 4.7500 % BEGINNING BALANCE DUE................................135,666,664. ENDING BALANCE DUE ................................. 129,499,997. LENDER: 2012 SERIES A TRANCHE A INTEREST RATE: 4.0100 % BEGINNING BALANCE DUE ............................... 48,750,000. ENDING BALANCE DUE .................................. 45,000,000. LENDER: 2012 SERIES A TRANCHE B INTEREST RATE: 4.4100 % BEGINNING BALANCE DUE ............................... 74,000,000. ENDING BALANCE DUE .................................. 67,000,000. LENDER: 2012 SERIES A TRANCHE C INTEREST RATE: 4.7800 % BEGINNING BALANCE DUE ............................... 50,000,000. ENDING BALANCE DUE .................................. 50,000,000. LENDER: 2019 SERIES A TRANCHE A INTEREST RATE: 3.8600 % BEGINNING BALANCE DUE ............................... 75,000,000. ENDING BALANCE DUE .................................. 75,000,000.. LENDER: 2020 SERIES A TRANCHE A INTEREST RATE: 2.3800% BEGINNING BALANCE DUE ........................................ 0. ENDING BALANCE DUE .................................. 275,000,000. LENDER: 2020 SERIES A TRANCHE B INTEREST RATE: 2.5800% BEGINNING BALANCE DUE ........................................ 0. ENDING BALANCE DUE .................................. 525,000,000. LENDER: COBANK 2016 NOTE INTEREST RATE: 2.5800 % BEGINNING BALANCE DUE ............................... 33,972,000. ENDING BALANCE DUE .................................. 30,552,000. LENDER: 2017 SERIES A TRANCHE A INTEREST RATE: 3.4300% BEGINNING BALANCE DUE ............................... 36,000,000. ENDING BALANCE DUE .................................. 34,000,000. UNAMORTIZED DEBT ISSUANCE COSTS BEGINNING BALANCE .................................. (2,684,537) ENDING BALANCE ..................................... (6,179,476). TOTAL BEGINNING MORTGAGES AND OTHER NOTES PAYABLE 504,704,127 TOTAL ENDING MORTGAGES AND OTHER NOTES PAYABLE 1,274,372,521 |
| FORM 990, PART X - PREPAID EXPENSES AND DEFERRED CHARGES | BEGINNING ENDING PREPAID EXPENSES $2,699,308 $5,095,893 DEFERRED CHARGES $45,880,452 $110,489,123 |
| PART XI. LINE 9 | OTHER CHANGES IN NET ASSETS OR FUND BALANCES (EXPLAIN IN SCHEDULE O). THE OTHER CHANGES IN NET ASSETS OR FUND BALANCES CONSISTS OF AN INCREASE IN DONATED CAPITAL OF $109,369, A DECREASE IN UNREDEEMED CAPITAL CREDITS OF ($42,164), RETIREMENT OF CAPITAL CREDITS AND ESTATE PAYMENTS OF($813,426), AND ASSIGNABLE MARGINS OF $4,996,881, TOTALING A NET CHANGE OF $4,250,660. |
| PART VI. SECTION A. LINE 4 | DID THE ORGANIZATION MAKE ANY SIGNIFICANT CHANGES TO ITS GOVERNING DOCUMENTS SINCE THE PRIOR FORM 990 WAS FILED? THERE WERE TWO PROPOSED BYLAW AMENDMENTS BEFORE THE MEMBERSHIP AT THE ANNUAL MEETING ON MAY 21, 2019. THE FIRST MODIFIED RESIDENCY INTENTION QUALIFICATIONS OF MEMBERS TO BE ELIGIBLE FOR THE BOARD OF DIRECTORS. THE SECOND EXPANDED THE COMPENSATION OF THE BOARD OF DIRECTORS TO INCLUDE UP TO TWENTY (20) DAYS OF ATTENDANCE AT CONFERENCES OR EDUCATIONAL SEMINARS. BOTH PROPOSALS PASSED. |
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 51056K
Schedule O (Form 990 or 990-EZ) 2020
Additional Data
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