Document:

Amendment No. 1 to the Credit Agreement

 Exhibit 10.49.1 
 EXECUTION VERSION 
 AMENDMENT NO. 1 TO 

THE CREDIT AGREEMENT 
 THIS AMENDMENT NO. 1 TO THE CREDIT AGREEMENT (this “Amendment”) is made as of June 29, 2012, by and among Chugach Electric Association, Inc. (the
“Borrower”), each Lender (as defined in the Credit Agreement (as defined below)) and National Rural Utilities Cooperative Finance Corporation (in its capacity as the administrative agent for the Lenders, the “Administrative
Agent”). 
 RECITALS 
 A. Pursuant to that certain Credit Agreement, dated as of November 17, 2010, by and among the Borrower, the Lenders party thereto as of the date of this Amendment, and the Administrative
Agent (the “Credit Agreement”), the Lenders make certain funds available to the Borrower in accordance with the terms and conditions set forth therein. 
 B. The Borrower has requested an amendment to the Credit Agreement in the manner and for the purposes set forth in this Amendment. 

C. The Administrative Agent and Lenders party to the Credit Agreement as of the date of this Amendment are willing to agree to
such requests, subject to the terms and conditions set forth herein. 
 NOW, THEREFORE, in consideration of the premises
set forth above, the terms and conditions contained in this Amendment, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereby agree as follows: 

1. Defined Terms. Capitalized terms used but not otherwise defined in this Amendment shall have the meanings
that are set forth in the Credit Agreement. Unless otherwise noted, all references to sections or section numbers are to those of the Credit Agreement. 
 2. Amendments to Section 1.01 of the Credit Agreement. 
 (a)
The term “Commitment” set forth in Section 1.01 is hereby amended and restated in its entirety to read as follows: 
 “Commitment” means with respect to each Lender, the commitment of such Lender to make or otherwise fund any Loan, expressed as a Revolving Credit Exposure hereunder. The initial amount of
each Lender’s Commitment shall be the sum of such Lender’s Commitment that is set forth on Schedule I or in the applicable Assignment and Assumption pursuant to which such Lender shall have assumed its Commitment, as such commitment may be
(a) reduced from time to time pursuant to Section 2.07 or ARTICLE VII, and (b) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to Section 9.04. The aggregate amount of all the Lenders’
Commitments as of June 29, 2012 is $100,000,000 (i.e., One Hundred Million Dollars). 

 (b) The term “Commitment Termination Date” set forth in Section 1.01 is
hereby amended and restated in its entirety to read as follows: 
 “Commitment Termination Date”
means the sixth anniversary of the Effective Date (i.e. November 17, 2016); provided that if such date is not a Business Day, the Commitment Termination Date shall be the immediately preceding Business Day. 

(c) The term “LIBO Margin” set forth in Section 1.01 is hereby amended and restated in its entirety to read as follows:

 “LIBO Margin” means the Bps per annum set forth below opposite the Borrower’s applicable
issuer credit rating from S&P, senior unsecured long-term debt rating from Moody’s and long-term senior debt rating from Fitch in the column labeled “LIBO Margin”; provided that the LIBO Margin shall be equal to the respective Bps
so determined plus twenty (20) Bps per annum for any day on which Utilization exceeds 50% (it being understood that if any Loans remain outstanding following the Commitment Termination Date, Utilization shall be deemed to be 100%); provided,
further, that if the Borrower’s issuer credit rating from S&P, senior unsecured long-term debt rating from Moody’s or long-term senior debt rating from Fitch are different, the following rules shall apply: (a) if two of the credit
ratings fall within the same category, that rating shall apply, (b) if all of the ratings fall within different categories, the midpoint rating between the highest and the lowest ratings shall apply, and (c) if the Borrower is rated by
only two of the rating agencies specified below, the lower of the two ratings shall apply; provided, however, that if the Borrower is not rated by any of the rating agencies specified below, or is rated by only one of the rating agencies specified
below (without prejudice to the requirements of Section 5.11), LIBO Margin shall be determined by the lowest senior unsecured debt credit rating category specified below. 

 

													
	 S&P
	  	Moody’s	 	Fitch	 	LIBO Margin	 	 	Facility Fee	 
	 3A+
	  	3A1	 	3A+	 	 	87.5 	Bps 	 	 	12.5 	Bps 
	 A
	  	A2	 	A	 	 	97.5 	Bps 	 	 	15.0 	Bps 
	 A-
	  	A3	 	A-	 	 	107.5 	Bps 	 	 	17.5 	Bps 
	 BBB+
	  	Baa1	 	BBB+	 	 	125.0 	Bps 	 	 	25.0 	Bps 
	 BBB
	  	Baa2	 	BBB	 	 	170.0 	Bps 	 	 	30.0 	Bps 
	 <BBB
	  	<Baa2	 	<BBB	 	 	200.0 	Bps 	 	 	45.0 	Bps 

  
 2 

 3. Amendment to Schedule I of the Credit Agreement. Schedule
I to the Credit Agreement (entitled “Lenders’ Commitments) is hereby amended and restated in its entirety to read as Schedule I attached to this Amendment. 

4. Effective Date. Despite the date of this Amendment, this Amendment shall be effective at 11:00 a.m., New
York City time, on the date on which the last of the following conditions precedent has been satisfied: 
 (a) The
Administrative Agent shall have received a counterpart of this Amendment, executed by the Borrower, each of the Lenders party to the Credit Agreement as of the date of this Amendment and the Administrative Agent; 

(b) No Default shall have occurred or be continuing or would result from the consummation of the transactions contemplated by this
Amendment; 
 (c) The Administrative Agent shall have received on the date hereof the following, each dated as of the date
hereof (unless otherwise specified), in form and substance satisfactory to the Administrative Agent (unless otherwise specified): 
 (i) Certified copies of the resolutions of the Board of Directors of the Borrower approving this Amendment and the transactions contemplated hereby, and of all other material third party approvals and
consents, if any, with respect to this Amendment and the transactions contemplated hereby; 
 (ii) A copy of a
certificate or certificates of the Commissioner of Commerce, Community and Economic Development of the State of Alaska (the “Commissioner”), dated as of a recent date satisfactory to the Administrative Agent, certifying (A) as
to a true and correct copy of the organizational documents of the Borrower and each amendment thereto on file in such Commissioner’s office and (B) that the Borrower is duly organized and in good standing under the laws of the State of
Alaska; 
 (iii) A certificate of the Secretary or an Assistant Secretary of the Borrower certifying as to
(A) the absence of any amendments to the Certificate of Incorporation of the Borrower since the date of the Commissioner’s certificate referred to in Section 4(c)(ii), (B) a true and correct copy of the bylaws of the
Borrower as in effect on the date on which the resolutions referred to in Section 4(c)(i) were adopted and on the date hereof, (C) the due organization and good standing or valid existence of the Borrower as a company organized
under the laws of the State of Alaska, and the absence of any proceeding for the dissolution or liquidation of the Borrower, and (D) the names and true signatures of the officers of the Borrower authorized to sign this Amendment and the other
documents to be delivered hereunder and the other Loan Documents; and 
 (iv) Favorable written opinions of
(A) Davis Wright Tremaine LLP, special counsel to the Borrower and (B) Mark Johnson, in-house counsel to the Borrower, in each case, addressed to the Administrative Agent and each Lender, in form and substance reasonably satisfactory to
the Administrative Agent. 

  
 3 

 (d) Since December 31, 2011 and through the date on which the last of the conditions
precedent set forth in this Section 4 is satisfied, with respect to any event, act, condition or occurrence of whatever nature (including any adverse determination in any litigation, arbitration or governmental investigation or proceeding),
whether singularly or in conjunction with any other event or events, act or acts, condition or conditions, occurrence or occurrences whether or not related, there shall have been no material adverse change in, or a material adverse effect on
(a) the business, assets, liabilities (actual or contingent), operations or condition (financial or otherwise) of the Borrower, (b) the ability of the Borrower to pay any amounts due, or otherwise perform its obligations, under the Credit
Agreement, as amended by this Amendment, or any of the other Loan Documents or (c) the rights of or benefits available to any Lender or the Administrative Agent under the Credit Agreement, as amended by this Amendment, or any of the other Loan
Documents; 
 (e) The Borrower shall pay to each Lender that executes this Amendment, in immediately available funds, an
amendment fee equal to 0.25% (i.e., 25 Bps) of such Lender’s final allocated Commitment amount as set forth in Schedule I attached hereto; and 
 (f) The Administrative Agent and the Lenders shall have received such other documents, including receipt from the Borrower of new or replacement Notes evidencing each Lender’s Commitment as set forth
in Schedule I attached hereto, and information or agreements regarding the Borrower as the Administrative Agent may reasonably request. 
 5. Confirmation of Loan Documents; Representations and Warranties; Release. 
 (a) The Borrower hereby reaffirms (i) the Credit Agreement, as amended by this Amendment, (ii) the Loan Documents, and (iii) its obligations to the Administrative Agent and the Lenders
thereunder. 
 (b) The Borrower represents and warrants that (i) no Default has occurred or is continuing or would result
from the consummation of the transactions contemplated by this Amendment, (ii) the representations and warranties contained in the Credit Agreement and the other Loan Documents are true and correct as of the date hereof, other than any such
representations and warranties that, by their terms, refer to a specific date other than the date hereof, in which case such representations and warranties are true and correct as of such specific date, (iii) the Borrower has all requisite
power to execute, deliver and perform this Amendment, any Notes delivered in connection with this Amendment and any other documents delivered in connection herewith, (iv) the execution, delivery and performance by the Borrower of this
Amendment, any Notes delivered in connection with this Amendment and any other documents delivered in connection herewith have been duly authorized by all necessary action of the Borrower and all governmental and other approvals and consents
therefore have been duly obtained and are in full force and effect and (v) this Amendment, any Notes delivered in connection with this Amendment and any other documents delivered in connection herewith constitute the legal, valid and binding
obligations of the Borrower and are enforceable against the Borrower in accordance with its terms. 

  
 4 

 (c) The Borrower (i) agrees that the Administrative Agent and the Lenders have fully
complied with their respective obligations under each Loan Document, (ii) agrees that the Borrower has no defenses to the validity, enforceability or binding effect of any Loan Document, and (iii) fully and irrevocably releases any claims
of any nature whatsoever that it may now have, whether known or unknown, against any one or more of the Administrative Agent and the Lenders and relating in any way to the Loan Documents or the transactions contemplated thereby. 

6. Costs and Expenses. The Borrower agrees to pay all reasonable costs and expenses incurred by the Administrative
Agent in connection with this Amendment, including third-party costs and the reasonable fees and expenses of Administrative Agent’s counsel. 
 7. References in the Credit Agreement. 
 (a) Upon the effectiveness
of this Amendment, each reference in the Credit Agreement to “this Agreement,” “hereunder,” “hereof,” “herein” or words of similar import shall mean and be a reference to the Credit Agreement as amended by
this Amendment. 
 (b) Except as specifically amended above, the Credit Agreement and all other Loan Documents shall remain in
full force and effect and are hereby ratified and confirmed in all respects. 
 (c) This Amendment shall not, except as
expressly provided in this Amendment, operate as a waiver of any right, power or remedy of the Administrative Agent or the Lenders, nor constitute a waiver of any provision of the Credit Agreement or any other Loan Document. 

(d) This Amendment (together with any other document executed and delivered in connection herewith) is not intended to be, nor shall it
be construed as, a novation of the Credit Agreement. 
 8. Governing Law. This Amendment shall be governed
by, and construed in accordance with, the laws of the State of New York. 
 9. WAIVER OF JURY TRIAL.
EACH PARTY HERETO HEREBY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AMENDMENT OR THE TRANSACTIONS CONTEMPLATED
HEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY). EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF
LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER 

  
 5 

 
AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AMENDMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION

 10. Headings. Section headings in this Amendment are included for convenience of reference only and
shall not constitute a part of this Amendment for any other purpose. 
 11. Counterparts. This Amendment
may be executed in counterparts, and such counterparts taken together shall be deemed to constitute one and the same instrument. Facsimile signatures on this Amendment shall be treated for all purposes as binding on such signatory to the same extent
as an original signature. If a party delivers an executed counterpart of this Amendment, such party shall deliver to the Administrative Agent (or its counsel) such number of original signatures of this Amendment promptly after its effectiveness as
the Administrative Agent may request. 
 [Signature pages follow] 

  
 6 

 Witness the due execution hereof by the respective duly authorized officers of the
undersigned as of the date first written above. 
  

			
	 CHUGACH ELECTRIC ASSOCIATION, INC.,
 as Borrower

		
	By:	 	/s/ Michael R. Cunningham
	Name:	 	
	Title:	 	CFO

 
			
	 NATIONAL RURAL UTILITIES
 COOPERATIVE FINANCE CORPORATION,
 as Administrative Agent and as a
Lender

		
	By:	 	/s/ J. Andrew Don
	Name:	 	J. Andrew Don
	Title:	 	Senior Vice President and Treasurer

 
			
	 KEYBANK NATIONAL ASSOCIATION,

as Lender

		
	By:	 	/s/ Chris Horton
	Name:	 	Chris Horton
	Title:	 	Vice President

 
			
	 BANK OF AMERICA, N.A.,

as Lender

		
	By:	 	/s/ Gordon H. Gray
	Name:	 	Gordon H. Gray
	 Title:
	 	Senior Vice President

 
			
	 COBANK ACB,

as Lender

		
	By:	 	/s/ C. Brock Taylor
	Name:	 	C. Brock Taylor
	Title:	 	Vice President

 
			
	 BANK OF MONTREAL,
 as Lender

		
	By:	 	/s/ Brian L. Banke
	Name:	 	Brian L. Banke
	Title:	 	Director

 
			
	 CHANG HWA COMMERCIAL BANK, LTD., LOS ANGELES BRANCH,

as Lender

		
	By:	 	/s/ Chu-I Hung
	Name:	 	Chu-I Hung
	Title:	 	Vice President & General Manager

 Schedule I 

LENDERS’ COMMITMENTS 
  

									
	 Name of Lender
	  	Commitment
Amount	 	  	Applicable
Percentage	 
	 National Rural Utilities Cooperative Finance Corporation
	  	$	30,000,000.00	  	  	 	30.000000000	% 
	 KeyBank National Association
	  	$	22,000,000.00	  	  	 	22.000000000	% 
	 Bank of America, N.A.
	  	$	18,000,000.00	  	  	 	18.000000000	% 
	 CoBank, ACB
	  	$	15,000,000.00	  	  	 	15.000000000	% 
	 Bank of Montreal
	  	$	10,000,000.00	  	  	 	10.000000000	% 
	 Chang Hwa Commercial Bank, Ltd., Los Angeles Branch
	  	$	5,000,000.00	  	  	 	5.000000000	% 
	 Total
	  	$	100,000,000.00	  	  	 	100.000000000	% 

  
 A-1Letter Of Agreement

 Exhibit 10.60.2 

LETTER OF AGREEMENT 
 SOUTHCENTRAL POWER PLANT 
 Chugach Electric Association, Inc.
(“Employer”) and International Brotherhood of Electrical Workers Local 1547 (“Union”) hereby agree as follows: 
 The Employer is currently constructing a new power plant in Anchorage known as the Southcentral Power Plant (“SPP”); 
 The Employer and Union desire to provide employment opportunities for qualified employees presently working under the Generation Plant Personnel collective bargaining agreement; 

The Employer and Union mutually desire to reach agreement regarding terms and conditions of employment for employees selected to work at
the SPP; 
 The Employer and Union wish to facilitate a timely and efficient commencement of operations of the SPP; 

The Employer and Union hereby agree as follows: 
 1. Adoption of Generation Plant Personnel CBA. The terms of the collective bargaining agreement covering terms and conditions of employment for Generation Plant Personnel (“Generation
CBA”) between the Employer and Union, extended by Letter of Agreement dated January 20, 2010, shall govern the terms and conditions of employment for employees assigned to work at the SPP to the extent not inconsistent with this Letter of
Agreement. This Letter of Agreement shall remain in effect for the duration of the Generation CBA. 

 2. Recognition of Equipment Ownership Prior to Substantial Completion Date.
SPP is being constructed and commissioned pursuant to a Substantial Completion Date, presently December 1, 2012, in accordance with the Engineering, Procurement and Construction Contract for SPP. Certain equipment in SPP will not be owned by
the Employer until the Substantial Completion Date. Therefore, nothing in this Agreement shall preclude any third party from operating such equipment prior to the Substantial Completion Date or any extension of the Substantial Completion Date.

 3. Training. The Employer will provide training to employees regarding operation and maintenance of the SPP.
Training will occur incrementally, in phases. The type/duration of training and number of employees to be trained at any given time will be determined by the Employer. Prior to Substantial Completion Date of SPP, the work schedule for training is
anticipated to be 5-8s subject to the needs to plant commissioning. 
 3.1 Computer Based Training. Employees
that remain at other Chugach power plants while SPP is operational will have access to computer-based SPP site specific training modules no later than the Substantial Completion Date. 

4. Staffing of SPP 
 4.1 Notice of SPP Vacancies The Employer shall notify the Union of anticipated SPP vacancies by posting positions consistent with the Generation CBA. 

4.2 Bidding. The Employer will waive certain qualification and experience prerequisites specified in the position
descriptions in order to give existing employees the opportunity to bid on new positions at SPP prior to the Substantial Completion Date. Required Skills & Abilities per each position description shall not be waived. 

  
 Page 2 of 12

 4.3 Job Award. Within five (5) calendar days after the closing of the
bids, the bidders will be considered and the job awarded. There shall be no second bid committee. 
 4.4 Close of Initial
Bid Period. At the close of the initial bid period but prior to the Substantial Completion Date, the Employer and Union shall meet and negotiate resolution to any staffing issues which may impact the operation and maintenance of existing
facilities. Affected employees may provide input prior to the final agreement between the parties. 
 4.5 Probationary
Periods. All employees awarded a regular SPP position shall serve a probationary period that is consistent with the current Generation CBA, except for Trainee’s. Trainees are not addressed in the Generation CBA and will follow what is
written in this LOA. The duration of an employee’s probationary period will be governed by: (1) the date the employee begins working at SPP; (2) whether the employee at the time he/she begins working at SPP begins at the full proficiency
level or as a Trainee; and (3) whether the employee at the time he/she begins working at SPP is a regular employee as that term is used in Section 3.1.3 of the Generation CBA or a non-regular employee. 

4.5.1 Probationary Period for Regular Employees Awarded A Regular SPP Position before the Substantial Completion Date.
Will be consistent with section 3.4.3 Job Award in the current Generation CBA). 

  
 Page 3 of 12

 4.5.2 Probationary Period for Regular Employees Awarded A Regular SPP Position after
the Substantial Completion Date. Will be consistent with section 3.4.3 Job Award in the current Generation(CBA). 
 If
the employee is awarded the bid as a Trainee, he/she shall serve a probationary period not to exceed ninety (90) calendar days. If at any time during this probationary period, but prior to the time the employee is tested and deemed fully
proficient per the relevant position description, the Employer determines the employee is not suited for the position, the Employer or the Union can exercise Section 3.4.4 (Re-evaluation) of the Generation CBA with the Bid Committee for each
affected employee. Employees so removed from SPP by the Employer shall retain return rights to their former position consistent with Section 3.4.4 of the Generation CBA during the probationary period or until the employee is tested and deemed fully
proficient per the relevant position description, whichever occurs first. 
 4.5.3 Probationary Period for Non-Regular
Employees Hired for SPP. A non-regular employee hired to work at SPP shall serve a probationary period beginning on the start date at SPP. The duration of the probationary period for a non-regular employee hired to work at SPP shall be
governed by whether the individual, at the time of hire, is hired at the full proficiency level or as a Trainee. 
 If the
non-regular employee is hired at the full proficiency level, he/she shall serve a ninety (90) calendar day probationary period. During this period of probationary employment for the non-regular full proficiency level employee, the employee may
be laid off or discharged and such actions by the Employer shall not be subject to the grievance arbitration provisions of the Generation CBA. 

  
 Page 4 of 12

 If the non-regular employee is hired as a Trainee, he/she shall serve a probationary period
of ninety (90) calendar days. During this period of probationary employment for the non-regular Trainee, the employee may be laid off or discharged and such actions by the Employer shall not be subject to the grievance arbitration provisions of
the Generation CBA. 
 4.6 Bidding. The language in Section 3.4.2 that says “employees are limited to
one successful bid during any twelve (12) month period” will be waived so that all employees will be able to bid on upcoming positions at SPP for positions bid prior to the Substantial Completion Date. 

4.7 Bid Pay. The parties agree that due to constraints associated with ongoing maintenance and operation of the Beluga
Power Plant and the unique challenges of selecting and training employees to staff SPP, the requirement in Section 3.4.3(a) that “the employee must actually be available at work and able to assume the bid position on the date of the bid award,
for the bid award to result in a change in job duties or a wage rate change” shall not apply. Employees will receive the wage rate of the bid position as soon as they have been awarded the position. 

5. Right of Employer to Provide Training. As determined by the employer Chugach Electric shall provide training through the
Employer’s managerial/supervisory personnel or through third parties including hands on training to employees, managers or supervisors to ensure SPP can operate safely and efficiently. Training shall include hands on training using generation
assets. Union agrees that bargaining unit members will actively and constructively participate in training. 

  
 Page 5 of 12

 6. Normal Workday and Workweek 

6.1 Workday and Workweek SPP Maintenance Operator. The following provisions shall define the twelve (12) hour shift
schedule for SPP Maintenance Operators. 
 6.1.1 Twelve (12) Hour Shift Schedule. Covered employees shall
work a twelve (12) hour shift; The Day Shift shall be from 0700 hours to 1900 hours; The Night Shift shall be from 1900 hours to 0700 hours. The workweek is defined as Saturday 1901 hours to the following Saturday at 1900 hours. Shift schedules
shall be determined by Employer consistent with procedures established in the Generation Plant Personnel Agreement. This shift cycle shall be based on a published schedule. On the published schedule, the Night Shift will begin at 1900 hours the
night before the listed “N”. 
 6.1.2 Shift Differential Premium. A shift Differential Premium
will be paid for all hours worked on the Night Shift (between 1900 and 0700), per section 5.3.3 of the current Generation CBA. The shift differential escalation in section 5.3.3 will not apply to regularly scheduled work on the 35 day published
cycle, including shifts designated in the “Reserve Schedule”. 
 6.1.3 Overtime. Employer
shall pay employees overtime based on the Night Shift Differential Base Premium rate for all scheduled hours worked in the workweek over forty (40). Overtime pay will be calculated on a separate line on the time sheet so that it is not confused with
any other compensation that may be earned during the same workweek. Overtime pay shall be at the overtime rate for the shift worked. 

  
 Page 6 of 12

 6.1.4 Reserve Schedule. A scheduled “Reserve Schedule” shall
be three consecutive “like” twelve (12) hour shifts. The Employer may reschedule the Reserve Schedule (designated as “RRR”) to any days in the workweek and/or any shift within the workweek without increasing overtime rates
so long as the Reserve Schedule is changed prior to five (5) days of its scheduled time and the schedule remains consecutive. 
 6.1.5 Changes to Reserve Schedule. Employer changes in the Reserve Schedule made within five (5) days of the scheduled Reserve Schedule shall be compensated as follows: The affected
employee will be paid overtime based on the base rate for the shift worked for the first twelve (12) hour shift worked; The next two shifts will be paid at the regular base rate for the shift worked. 

6.1.6 Mealtime. Employees working with no designated mealtime will eat at their workstation on company time when
work permits. 
 6.1.7 Ten (10) Hour Relief Period for Maintenance Operator. A Maintenance Operator
working shifts provided in Section 5.5.1 of the Generation CBA, who is called on duty for more than two (2) hours and within ten (10) hours of the start of the employee’s next scheduled workday shall be paid at the double time rate
for such hours worked and shall be paid the double time rate for working the employee’s immediately subsequent workday. 
 7.0. Non-Operations Personnel Normal Workday and Workweek. Consistent with the Generation CBA, non-operations employees working at SPP, will normally work a four days on three days off/ten
hours per day (4-10s) schedule (4 day schedule) or a five days on two days off/eight hours per day (5-8s) schedule (5 day schedule) depending upon operational needs as determined by the Employer. Work hours during the 4-10s schedule shall be from
0700 to 1730 and work hours during the 5-8s schedule shall be from 0700 to 1530 with  1/2 hour unpaid lunch. 

  
 Page 7 of 12

 8. Temporary Reassignment of SPP Employee to Other Locations. The Employer may
temporarily reassign SPP employees to work locations other than at the SPP, consistent with the existing Generation Agreement. 

9. Moving Expenses. Moving expenses shall be paid to employees in accordance with Section 5.1.3(f) of the Generation
CBA. 
 10. Bumping. Bumping rights for all employees will be governed by the current Generation CBA language
(Sections 3.5, 3.5.1, 3.5.2, 3.5.3). In order to ensure that employees at Beluga Power Plant can bump employees at SPP under Section 3.5.2 of the Generation CBA, Chugach will consider other job classifications and those at SPP to be like
classifications as detailed in Appendix A. Senior status is not a separate classification. 
 11. Steward.
The union will select, and the employer will recognize, a new steward for SPP per Section 2.6 of the Generation CBA. 

12. Equitable Distribution of Overtime Section 5.2.2 (b) of the Generation CBA shall apply to SPP. Documentation
will be maintained to demonstrate ongoing compliance with the Generation CBA. 
 13. Call Out Pay. An employee who
accepts a call-out for SPP shall be considered to be working and shall receive the appropriate wage rate for all hours from the time the call is accepted until he completes the call and returns to SPP in accordance with the Generation CBA
Section 5.2.2 (f). 

  
 Page 8 of 12

 14. Applicability of Generation CBA Provisions. This Letter of Agreement shall
govern the terms and conditions of employment for SPP personnel. The terms of the Generation CBA shall apply to SPP classifications listed in Appendix A of this Letter of Agreement to the extent they are not inconsistent with the terms of this
Letter of Agreement. This Letter of Agreement shall supersede any terms or conditions in the Generation CBA that are expressly inconsistent with the terms of this Letter of Agreement. 

  
 Page 9 of 12

 SIGNATURE PAGE 
 AGREED TO: 
  

									
	CHUGACH ELECTRIC ASSOCIATION,	 		 	INTERNATIONAL BROTHERHOOD
	INC. (“Employer”)	 		 	ELECTRICAL WORKERS LOCAL 1547’
		 		 		 	(Union”)
					
	By:	 	 /s/ Bradley W. Evans
	 		 	By:	 	 /s/ Mike Hodsdon

	Chief Executive Officer	 		 	Business Manager
			
	Date: March 15, 2012	 		 	Date: 3-15-2012

  
 Page 10 of 12

 APPENDIX A 
 SPP Wage Rates and Classifications 
 The job classifications and wage rates listed in
this Appendix A are covered by this Letter of Agreement. 
  

													
	 Job Classifications
	  	Wage Rates	 
	 	  	Trainee	 	 	Fully Proficient	 	 	Senior	 
	 Maintenance Operator

Southcentral Power Plant
	  	 	85	% 	 	 	100	% 	 	 	105	% 
	 Maintenance Electrical Technician

Southcentral Power Plant
	  	 	85	% 	 	 	100	% 	 	 	105	% 
	 Maintenance Instrumentation & Control Technician

Southcentral Power Plant
	  	 	85	% 	 	 	100	% 	 	 	105	% 
	 Maintenance Mechanical Technician

Southcentral Power Plant
	  	 	85	% 	 	 	100	% 	 	 	105	% 

  
 Page 11 of 12

 Like Classifications for Purposes of Reduction in Force (RIF) and Bumping Rights under Section 3.5
of the Generation CBA. 
  

			
	 Southcentral Power Project Position
	  	 Like Classification

	 Maintenance Operator Southcentral Power Plant
	  	 Power Plant Relief Maintenance Operator
  

Power Plant Maintenance Operator
  

Power Plant Maintenance Operator, IGT

		
	 Maintenance Electrical Technician Southcentral Power Plant
	  	Maintenance Electrician
		
	 Maintenance Instrument & Controls Technician Southcentral Power Plant
	  	Instrument & Controls Technician
		
	 Maintenance Mechanical Technician Southcentral Power Plant
	  	 Maintenance Technician
  

Generation Foreman, Beluga

  

	Note: 	The parties agree that only the current hydro operators employed at CEA on the date this agreement is executed, will be considered to be a “Like
Classification” to the “Maintenance Operator Southcentral Power Plant”, for the purpose this list was designed for. 

  
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