New Report: CT Has Third-Highest Electricity Rates in U.S., Costs Go Up if Pipelines Are BlockedApril 24, 2017
The new report, from the U.S. Chamber of Commerce's Institute for 21st Century Energy, serves as a warning signal for environmentalists who want to block pipelines in the state.
A new report published Friday says Connecticut pays the third-highest electricity rates in the country, and those costs will get worse if environmentalists block new pipelines in New England.
The report, from the U.S. Chamber of Commerce’s Institute for 21st Century Energy, first highlights the high costs Connecticut pays (emphasis ours):
According to the U.S. Energy Information Administration, Connecticut has the third highest electricity rates in the nation, while Massachusetts ranks fourth, Rhode Island is fifth, New Hampshire ranks sixth, New York is eighth, Vermont is ninth, New Jersey is tenth, and Maine comes in at eleventh.
Then, it highlights the impact that blocking pipelines will have on the region:
However, the lack of access to markets in the northeast will cost those states jobs and revenue, which is also covered in the report.
The resources they produce could be used to relieve capacity problems in the northeast, but continued legal challenges and political opposition have stalled or slowed planned infrastructure projects such as the Constitution Pipeline and Access Northeast pipeline.
The numbers? Pipeline opposition will cost New England 22,900 jobs and $2 billion in GDP between now and 2020.
A few weeks ago, federal regulators approved a “Connecticut Expansion Project” for the Tennessee Gas Pipeline Company, despite environmental opposition.
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