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ANCHORAGE - Alaska Gov. Sean Parnell has endorsed construction of a large hydroelectric project on the Susitna River, about halfway between Anchorage and Fairbanks.
The Alaska Energy Authority also announced its support Wednesday for the hydroelectric project.
The Anchorage Daily News reports the plan would require building a 700-foot-high dam on the river at Wanata. The dam would create a 39-mile long lake reservoir.
The authority estimated the cost at $4.5 billion. This was the preferred option over an alternative project at Chakachamna Lake, about 85 miles west of Anchorage.
The authority plans public workshops on the hydro project in February.