Economic Impacts of the Atlantic Sunrise Pipeline Project

[vc_row animation=””][vc_column width=”1/1″][vc_column_text]Yesterday Williams announced that a recent study conducted by Penn State concluded that the Atlantic Sunrise Pipeline Project will have a significant, positive economic impact in both Pennsylvania and Virginia.
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[/vc_column_text][/vc_column][/vc_row][vc_row animation=””][vc_column width=”1/1″][vc_column_text]You can read the full release here on the Atlantic Sunrise economic impact, but for now here are some of the study’s key findings.

Key findings from the analysis include:

  • The design and construction of the project will require an investment of approximately $3 billion by Williams and the co-owner of the greenfield portion of the project.

  • The majority of the direct expenditures will be in Pennsylvania, with some materials and labor sourced from other states.

  • The multi-year construction phase of the project is expected to result in overall economic impact of $1.6 billion and could engage 8,270 workers in Pennsylvania and Virginia; the 10-county Pennsylvania region of the project is expected to recognize the majority of this impact.

  • The ongoing operations of the project are predicted to generate an annual economic impact of $1.96 million and support 29 direct and indirect jobs in two Pennsylvania counties (Columbia and Wyoming) where two new greenfield compressor facilities are proposed.

  • Significant federal, state and local taxes would also be generated during the approximate one-year construction phase, including an estimated $31 million in federal taxes and $18 million in state taxes across all county locations hosting construction activity for the project.

All thanks to the abundant Marcellus Shale production in northeastern Pennsylvania.[/vc_column_text][/vc_column][/vc_row]

Brittany Ramos

Brittany was born and raised in Pittsburgh, Pennsylvania and attended Pennsylvania State University where she earned degrees in Public Relations and Psychology. She recently earned her Masters in Sociology from Sam Houston State University. Brittany works in the External Affairs for Cabot where she manages communications and outreach projects to community members, elected officials, media and online supporters.