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Despite the rumors, Alaska Governor Sarah Palin will NOT be challenging Alaska United States Senator Lisa Murkowski in 2010.

Gov. Sarah Palin plans to raise money for the re-election campaign of Alaska Republican Sen. Lisa Murkowski, and hopes to end speculation she might challenge Murkowski in the primary for the U.S. Senate next year.

“The governor has no intention of running for the senator’s seat in 2010,” Palin spokeswoman Meg Stapleton said Tuesday. “(Palin) thinks the senator is doing a great job and that’s why she’s looking forward to hosting a fundraiser for her.”

Stapleton said details won’t be set until after Alaska’s legislative session ends on April 19. She said there would be at least one fundraiser, likely in the next couple of months.

No surprise here. A more likely scenario is for Palin to run for re-election as Governor next year and then challenge Democrat Senator Mark Begich who last year beat the long-time serving GOP Senator Ted Stevens in 2014.

As for a Presidential run in 2012?

Well, it won’t be as a sitting US Senator.