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MATANUSKA ELEC. v. CHUGACH ELEC. ASS'N

Nos. S-12146, S-12165.

152 P.3d 460 (2007)

MATANUSKA ELECTRIC ASSOCIATION, Appellant/Cross-Appellee, v. CHUGACH ELECTRIC ASSOCIATION, INC., Appellee/Cross-Appellant.

Supreme Court of Alaska.

February 16, 2007.

Attorney(s) appearing for the Case

Kyle W. Parker, Rebecca S. Copeland, and David J. Mayberry, Patton Boggs LLP, Anchorage, for Appellant and Cross-Appellee.

James E. Torgerson, Heller Ehrman LLP, and Carol Johnson, Chugach Electric Association, Inc., Anchorage, for Appellee and Cross-Appellant.

Before: BRYNER, Chief Justice, MATTHEWS, EASTAUGH, FABE, and CARPENETI, Justices.

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...

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