CHUGACH ELECTRIC ASSOCIATION, INC.

                         2001 Form 10-K/A Annual Report

                                (Amendment No. 1)

                                Table of Contents

                                                                            Page



Introductory Statement                                                         1

Cover Page                                                                     2

SIGNATURES                                                                     3














                             INTRODUCTORY STATEMENT

         Chugach Electric Association, Inc. hereby amends the Cover Page of its
Form 10-K for the fiscal year ended December 31, 2001, as filed with the
Securities and Exchange Commission on March 29, 2002, to include the Commission
file number, Exact name of registrant as specified in its charter, State or
other jurisdiction of incorporation or organization, I.R.S. employer
identification no., and registrant's telephone number, including area code that
was omitted during transmission.









                  FORM 10-K--ANNUAL REPORT PURSUANT TO SECTION 13
                  OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
              (As last amended in Rel. No. 34-31327, eff. 10-21-92)

                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM 10-K/A

                                (AMENDMENT NO. 1)

(x)      Annual Report Pursuant to Section 13 or 15(d) of the Securities
         Exchange Act of 1934

For the fiscal year ended December 31, 2001
- --------------------------------------------------------------------------------

()       Transition Report Pursuant to Section 13 or 15(d) of the Securities
         Exchange Act of 1934

For the transition period from_____________________to___________________________

Commission file Number 33-42125
- --------------------------------------------------------------------------------

         Chugach Electric Association, Inc.
- --------------------------------------------------------------------------------
(Exact name of registrant as specified in its charter)

     Alaska                                                      92-0014224
- --------------------------------------------------------------------------------
(State or other jurisdiction of
 incorporation or organization)             (I.R.S. Employer Identification No.)

     5601 Minnesota Drive, Anchorage, Alaska                       99518
- --------------------------------------------------------------------------------
(Address of principal executive offices)                         (Zip Code)

Registrant's telephone number, including area code (907) 563-7494
- --------------------------------------------------------------------------------

Securities registered pursuant to Section 12(b) of the Act:

         Title of each class           Name of each exchange on which registered
- ------------------------------------  ------------------------------------------
- ------------------------------------  ------------------------------------------

      Securities registered pursuant to Section 12(g) of the Act:

- --------------------------------------------------------------------------------
                                            (Title of class)

- --------------------------------------------------------------------------------
                                            (Title of class)

Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the preceding 12 months (or for such shorter period that the registrant was
required to file such reports), and (2) has been subject to such filing
requirements for the past 90 days. /x/ Yes / / No

Indicate by check mark if disclosure of delinquent  filers  pursuant to Item 405
of Regulation  S-K is not contained  herein,  and will not be contained,  to the
best of registrant's  knowledge,  in definitive proxy or information statements
incorporated by reference in Part III of this Form 10-K or any amendment to this
Form 10-K.                                                     N/A

State the aggregate market value of the voting stock held by non-affiliates of
the registrant.  The aggregate market value shall be computed by reference to
the price at which the stock was sold, or the average bid and asked prices of
such stock, as of a specified date within 60 days prior to the date of filing.
(See definition of affiliate in Rule 405, 17 CFR 230.405).       N/A












                                   SIGNATURES


Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange
Act of 1934, the registrant has duly caused this report to be signed on its
behalf by the undersigned, thereunto duly authorized on April 1, 2002.



                                    CHUGACH ELECTRIC ASSOCIATION, INC.





                                    By:     /s/ Eugene N. Bjornstad
                                            Eugene N. Bjornstad, General Manager


                                    Date:   April 1, 2002
                                    ---------------------