The New England Coalition for Affordable Energy, a pro-fossil fuel group backed by business groups and unions in throughout all six New England states, issued the results of a study they commissioned that asks the question, What will happen in New England if energy infrastructure, like natural gas pipelines, does not get built? The study, titled “The Economic Impacts of Failing to Build Energy Infrastructure in New England” (full copy below), finds the impacts–if these projects are not built–are dire: Electric ratepayers will pay $5.4 billion in higher electricity costs; 52,000 private sector jobs will be lost; household spending will go down a collective $12.5 billion; $9 billion of investment and 115,600 jobs that would have been created by such projects will never happen; and the list goes on. Here’s the announcement and summary of the findings, followed by a full copy of the study…
The New England Coalition for Affordable Energy, a pro-fossil fuel group backed by business groups and unions in throughout all six New England states, issued the results of a study they commissioned that asks the question, What will happen in New England if energy infrastructure, like natural gas pipelines, does not get built? The study, titled “The Economic Impacts of Failing to Build Energy Infrastructure in New England” (full copy below), finds the impacts–if these projects are not built–are dire: Electric ratepayers will pay $5.4 billion in higher electricity costs; 52,000 private sector jobs will be lost; household spending will go down a collective $12.5 billion; $9 billion of investment and 115,600 jobs that would have been created by such projects will never happen; and the list goes on. Here’s the announcement and summary of the findings, followed by a full copy of the study…