[cnn-photo-caption image= http://i2.cdn.turner.com/cnn/2009/images/01/29/art.palinal.gi.jpg caption=" Palin is heading to Washington this weekend."]
(CNN) - Alaska governor Sarah Palin tried to beat back speculation she is already plotting a 2012 presidential bid Wednesday night, days after her newly-formed political action committee aroused suspicions to the contrary.
“No, not at all, not at all, no," Palin said definitely when asked if the new committee means she already has her eye on the White House.
Instead, Palin said her new PAC will help defray the costs of travel to events that may be construed as political.
"It’s helpful to have a PAC so that when I’m invited to things even like to speak at the Lincoln Day dinner in Fairbanks, to have a PAC pay for that instead of have the state pay for that because that could be considered quasi-political,"
Still, Palin is the first governor from Alaska ever to form a PAC, a move that has often preceded presidential runs.
"Now we’ll have an available source of funds so that we’re not coming close to any ethical line to be crossed in terms of travel or participation in events that will help Alaska, but could be seen perhaps as not worthy of state funding," she also said.
The former Republican vice presidential candidate also confirmed she is heading to Washington this weekend to attend the venerable Alfalfa Club Meeting, the annual closed-door gathering of the country's political elite.
President Obama is also expected to attend the event - the chief reason Palin said she wants to be there.
"How often will I have an opportunity to have dinner with the president," she said. "I will take up that offer to do so, yeah.”