An old southern sheriff, watching a gaggle of ne’er-do-wells traipsing down a country road toward us, told me, “Don’t need to watch all of ’em. Watch them what don’t show their hands.”
The proposed $1 billion sale of Anchorage’s Municipal Light & Power utility to Chugach Electric strikes me a lot like that; it is moving right at us and there are not many hands showing.
On the surface, the announced deal looks like a good one for the city, but there are a boxcar of questions and not much transparency by the city or Chugach. The whozits and whazits largely remain secret, unexamined by the public or any outside entity.