Alaska Gov. Sarah Palin Friday formally introduced legislation to create a new state corporation to take charge of power generation in the state’s most heavily populated area.

Under the governor’s proposal, a new Greater Railbelt Energy and Transmission Corp. would be created and charged with building new power generation for the corridor from Fairbanks through Anchorage to Kenai, known colloquially as the “railbelt” because it is served by the Alaska Railroad.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.