Exhibit 31.2

                  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; and

            d)    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

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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; and

            b)    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 12, 2008                                   /s/ Michael R. Cunningham
                                                     -------------------------
                                                     Michael R. Cunningham
                                                     Chief Financial Officer
                                                     Principal Financial Officer