CERTIFICATION OF PRINCIPAL FINANCIAL OFFICER
Certification Pursuant to 18 U.S.C. Section 1350 (Adopted Pursuant to Section
302 of 
the Sarbanes-Oxley Act of 2002) I, Michael R.
Cunningham, certify that:1.
I have
 reviewed this quarterly report on Form 10-Q of Chugach Electric Association,
 Inc.;2.
Based on my
 knowledge, this report does not contain any untrue statement of a material
 fact or omit to state a material fact necessary to make the statements made,
 in light of the circumstances under which such statements were made, not
 misleading with respect to the period covered by this report;3.
Based on my
 knowledge, the financial statements, and other financial information included
 in this report, fairly present in all material respects the financial
 condition, results of operations and cash flows of Chugach as of, and for,
 the periods presented in this report;4.
Chugachs
 other certifying officer(s) and I are responsible for establishing and
 maintaining disclosure controls and procedures (as defined in Exchange Act
 Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting
 (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for Chugach and
 have:a)
Designed
 such disclosure controls and procedures, or caused such disclosure controls
 and procedures to be designed under our supervision, to ensure that material
 information relating to the registrant, including its consolidated
 subsidiaries, is made known to us by others within those entities,
 particularly during the period in which this report is being prepared;b)
Designed
 such internal control over financial reporting, or caused such internal
 control over financial reporting to be designed under our supervision, to
 provide reasonable assurance regarding the reliability of financial reporting
 and the preparation of financial statements for external purposes in
 accordance with generally accepted accounting principles;c)
Evaluated
 the effectiveness of Chugachs disclosure controls and procedures and
 presented in this report our conclusions about the effectiveness of the
 disclosure controls and procedures, as of the end of the period covered by
 this report based on such evaluation; andd)
Disclosed in
 this report any change in our internal control over financial reporting that
 occurred during the first fiscal quarter that has materially affected, or is
 reasonably likely to materially affect, our internal control over financial
 reporting; and    5.
The other
 certifying officer(s) and I have disclosed, based on our most recent
 evaluation of internal control over financial reporting, to our auditors and
 the audit committee of our Board of Directors:a)
All
 significant deficiencies and material weaknesses in the design or operation of
 internal control over financial reporting which are reasonably likely to
 adversely affect our ability to record, process, summarize and report
 financial information; andb)
Any fraud,
 whether or not material, that involves management or other employees who have
 a significant role in our internal control over financial reporting.Date: May
 14, 2009
/s/ Michael
 R. CunninghamMichael R.
 CunninghamChief
 Financial OfficerPrincipal
 Financial Officer