The Railbelt utilities have jointly submitted a report to the Regulatory Commission of Alaska summarizing continued progress on their voluntary efforts toward evaluating how the formation of an Alaska Railbelt Transco can provide overall benefits to the Railbelt. The Railbelt utilities continue to work with American Transmission Co., a Wisconsin-based transmission-only utility formed through a similar effort in 2001 in the Midwest.
The update to the RCA is the second this year and outlines progress made on both the economic analysis and a business plan for potentially transitioning from a network of separately operated transmission assets to an organization whereby the operation, maintenance and upgrades of this network are accomplished by an Alaska Railbelt transmission company. The analysis will continue into 2016. The concept requires approval by the governing bodies of the participating utilities.