Electrochemical investigations were carried out on electrodes made from both bare and Pd-coated LaNi4.25Al0.75 particles. Experimental results showed that the Pd-coating significantly decreases the electrode resistance and increases the electrode discharge capacity. The electrochemical impedance spectroscopy technique was used to determine various resistive components in the electrodes and electrolyte by fitting an equivalent circuit to the experimental data. The results indicated that an electrode made from the Pd-coated alloy has much less ohmic resistance (particle-to-particle contact resistance and current collector to electrode pellet contact resistance) compared to the electrodes made from bare alloy.