Railbelt utilities

ML&P

Golden Valley Electric Association floated two letters of interest late last year suggesting the co-op was interested in buying the Municipality of Anchorage’s electric utility, Municipal Light and Power, for up to a billion dollars. Municipality officials have instead accepted a purchase offer by Anchorage-based Chugach Electric Association. But Golden Valley’s top executive says GVEA’s offer was mainly motivated over a concern the sale could increase ratepayers’ monthly bills.