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PennEast Pipeline to drive $1.6 billion economic impact


Published Feb 11, 2015
PennEast Pipeline Company, LLC

The design and construction of the PennEast Pipeline will generate approximately $1.6 billion in additional wages, revenues and investments to regional and state economies of Pennsylvania and New Jersey, according to a new Drexel University study.

“PennEast Pipeline Project Economic Impact Analysis,” co-authored by Econsult Solutions, finds that the proposed project would have a major, positive impact on the economies of the two states in which it would be built and operated.

According to researchers, design and construction of the PennEast Pipeline would support approximately 12,160 jobs and an associated $740 million in wages. Additionally, the ongoing operation of the pipeline would generate approximately $23 million in annual economic impact, supporting 98 jobs with $8.3 million in wages.

Tags: PennEast Pipeline Company




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