CHUGACH ELECTRIC ASSOCIATION
BLUE RIBBON PANEL
 www

REPORT HERE

In an unprecedented and decisive action for any cooperative in Alaska, the 2007 reform board at Chugach Electric (lead by Liz Vazquez, chair) appointed a third party Blue Ribbon Panel of top executives to review the performance of Chugach Electric and advise the board and the community.  Chugach has very high service costs.  The Panel looked at how Chugach should restructure to deliver value more in line with national economic performance standards for electric utilities.

BLUE RIBBON PANEL MEMBERS

  David R Gottstein President, Dynamic Capital Management
  Robert J Hickel President, Hickel Investment Company
  Loren H Lounsbury Former APUC Commissioner, Commerce Commissioner
  Richard L. Lowell President, Ribelin Lowell & Co. Insurance Brokers (retired)
  John Niles Wanamaker Vice President, Seattle-Northwest Securities Corporation

Panel facilitator and primary staff member -- William C. Noll, former Alaska Commissioner of Commerce, Community and Economic Development

BULLET FINDINGS SUMMARY

12/19/07 - Major changes recommended at Chugach Electric by Blue Ribbon Panel of top business executives appointed by the new reform Chugach board:

TIMELINE

5/16/07 - Panel frame of reference Board Motion  on CEA website    One pager   
6/20/07 - Panel appointees, facilitator, resumes Board Motion  on CEA website  
11/14/07 - Panel members attended Chugach board meeting
12/18/07 - Report released at press conference
1/08 - Chugach Outlet Major Changes Recommended at Chugach
4/08 - Chugach board majority changes when Rebecca Logan uses IBEW Union-backed directors support to overthrow board chair Liz Vazquez.
7/09 - Blue Ribbon Panel report findings and recommendations still not acted on well into Logan's 2nd year as board chair.
3/18 - Blue Ribbon Panel report no longer on Chugach Electric website.