An Economic Impact Study of the Pennsylvania Section of the Cove Point Expansion

Randall Jackson (jackson@econalyze.com) and Walter Schwarm (walter.schwarm@mail.wvu.edu)
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Walter Schwarm: Regional Research Institute, West Virginia University

Working Papers from Regional Research Institute, West Virginia University

Abstract: : Dominion Resources, Inc. engaged the Regional Research Institute to determine the total economic impacts associated with pipeline construction and/or modernization proposals traversing several Pennsylvania jurisdictions. The proposed project represents an investment of approximately $200 million. The scope of this analysis consists of estimating varying economic effects including job creation and resulting personal income, output and fiscal or tax revenue impacts directly associated with both the operational and construction phases of the proposed Pipeline expansion project. We calculate the spill-over or multiplicative impacts that will arise from the proposed Pipeline project. Additionally, some attempt is made in this analysis to capture the enhanced economic development potential of the region created by the new access to a secure, competitively priced energy source.

JEL-codes: O13 R58 (search for similar items in EconPapers)
Pages: 19 pages
Date: 2004-09
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Persistent link: https://EconPapers.repec.org/RePEc:rri:wpaper:2004wp09

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