Chugach Alaska Corporation, or CAC, is one of thirteen Alaska Native Regional Corporations created under the Alaska Native Claims Settlement Act of 1971 (ANCSA) in settlement of aboriginal land claims.
[3] A current listing of Chugach Alaska Corporation's officers and directors, as well as documents filed with the State of Alaska since CAC's incorporation, are available online through the Corporations Database of the Division of Corporations, Business & Professional Licensing, Alaska Department of Commerce, Community and Economic Development.
The Chugach region encompasses about 10 million acres (40,000 km2) in Prince William Sound and coastal areas of southcentral Alaska, including the southern coast of the Kenai Peninsula.
[4] Under federal law, Chugach Alaska Corporation and its majority-owned subsidiaries, joint ventures and partnerships are deemed to be "minority and economically disadvantaged business enterprise[s]" (43 USC 1626(e)).
The corporation filed for Chapter 11 bankruptcy protection in 1991 as a result of a fallout in the timber industry, a salmon glut, a fire at its Orca cannery, and the 1989 Exxon Valdez oil spill's impact on the local herring population.