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

Author

Listed:
  • Randall Jackson

    (Regional Research Institute, West Virginia University)

  • Walter Schwarm

    (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.

Suggested Citation

  • Randall Jackson & Walter Schwarm, 2004. "An Economic Impact Study of the Pennsylvania Section of the Cove Point Expansion," Working Papers Working Paper 2004-09, Regional Research Institute, West Virginia University.
    • Handle: RePEc:rri:wpaper:2004wp09
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    File URL: https://researchrepository.wvu.edu/rri_pubs/119/
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    More about this item

    JEL classification:

    • R58 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Regional Development Planning and Policy
    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products

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