Shane Thielges | Shale Plays Media
The proposed Atlantic Coast Pipeline project could have an economic impact as high as $2.7 billion for the states along its route, an economic analysis has concluded.
Chmura Economics & Analytics of Richmond estimated the pipeline would bring an annual $456.3 million in direct, indirect and induced economic impacts to Virginia, North Carolina and West Virginia from 2014 to 2019. It would also support an average of 2,873 jobs per year for a total of 17,240 in the same time period.
The report also mentioned the need for increased natural gas transportation infrastructure in the region, and touted the fossil fuel’s clean-burning properties.
The Atlantic Coast project is a joint effort between Dominion Resources, Duke Energy, Piedmont Natural Gas and AGL Resources. Dominion paid for the Chmura study.
Read more at the Richmond Times Dispatch: Report:Proposed natural gas pipeline could have $2.7 billion economic impact