Matanuska Electric Ass'n v. Chugach Electric Ass'n

OPINION

FABE, Justice.

I. INTRODUCTION

Matanuska - Electric - Association, - Inc. (MEA) filed a complaint with the superior court alleging that Chugach Electric Association, Inc. breached its duties under the parties' agreement to act in good faith and conform to prudent utility practice when it entered into a rate lock with respect to certain long-term debt. In connection with an assessment of whether Chugach could amortize its expenses relating to the rate lock, the Regulatory Commission of Alaska made a determination that Chugaech's actions with respect to the rate lock were reasonable.…