Economic Impact

The PennEast Pipeline directly accesses the most-abundant and most-affordable supply of natural gas in all of North America. The PennEast Pipeline will lower energy costs, make businesses more competitive, and power our regional economy for decades to come.

$893 MILLION IN ENERGY SAVINGS. A study by Concentric Energy Advisors found that the region would have saved $893 million in both gas and electric costs had PennEast been in service during one recent winter. With clean-natural gas increasingly generating electricity, it will help lower New Jersey’s 10th highest-in-the-nation and Pennsylvania’s 19th highest-in the-nation electricity costs.

JOBS. This much-needed infrastructure project will generate over $1.6 billion in economic impact, create 12,160 direct and indirect jobs, and will lower electric and natural gas bills for homes and businesses thereby positioning the region for long-term economic growth.

OVERWHELMINGLY ENDORSED BY BUSINESS AND LABOR. PennEast Pipeline is supported by every leading major business and labor organization across Pennsylvania and New Jersey.

Studies

 

Economic Impact Fact Sheets