Economic Impact

The PennEast Pipeline directly accesses one of the most-abundant and most-affordable supplies 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.

$1.32 BILLION IN ENERGY SAVINGS.  Concentric Energy Advisors has found that the region would have saved at least $1.32 billion on gas and electric bills had PennEast been in service, based on an analysis of the 2013-2014 ($893 million) and 2017-2018 ($435 million) winter seasons.

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 business and labor organization across Pennsylvania and New Jersey.

Studies

2017-2018 Energy Market Savings	2015 Economic Impact and Jobs Analysis
2013-2014 Energy Market Savings	2016 Reply Comments Of Concentric Energy Advisors To Comments Submitted by The New Jersey Conservation Foundation Regarding PennEast Pipeline Company, LLC

Economic Impact Fact Sheets

 

Energy Savings Update (2017-2018)	Economic Impact and Jobs Analysis
Energy Savings (2013-2014) Fact Sheet	The Energy Market: Frequently Asked Questions