Full Title: Atlantic Coast Pipeline Benefits Review
Author(s): Elizabeth A. Stanton, Tyler Comings, Sarah Jackson, and Ezgi Karaca
Publisher(s): Synapse Energy Economics, Inc
Publication Date: June 1, 2015
Full Text: Download Resource
Description (excerpt):
In September 2014, Dominion Resources—together with its partners Duke Energy, Piedmont Natural Gas and AGL Resources—announced their joint investment in the 550‐mile interstate Atlantic Coast Pipeline (ACP). The proposed pipeline would bring natural gas from West Virginia through Virginia and into eastern North Carolina.
The Southern Environmental Law Center commissioned Synapse Energy Economics (Synapse) to review two reports—one by ICF International and one by Chmura Economics & Analytics—released by Dominion and its partners that assessed the projected economic, job, and tax benefits associated with building and operating the ACP. Synapse identified a number of problems with the reports’ conclusions. Importantly, neither report accounted for any of the environmental and societal costs that the pipeline may impose on local communities. Without consideration of these costs, the ICF and Chmura reports can only present an incomplete accounting of the pipeline’s net benefits.