The Economic Impact of the Keystone XL Pipeline on the State of Nebraska
A new study by Creighton University economist Ernie Goss shows Nebraska will see over 5,000 new jobs a year and hundreds of millions of dollars in new economic investment from construction of the Keystone XL pipeline.
The Goss & Associates report makes several estimations on the economic impact of the pipeline to Nebraska, including:
- Construction Phase Investment: The project will generate $580.2 direct construction spending by TransCanada during the construction period of the pipeline (2013-2014).
- Operational Phase Investment: TransCanada will spend $570.5 million directly in Nebraska during the operational period of the pipeline (2015-2029).
- Job Creation: Construction of the pipeline will support an average of 5,517 jobs per year (includes both direct and indirect) and generate labor income of $956 million.
- Overall Impact: The construction and operation of the Keystone XL pipeline will add approximately $1.8 billion to the overall economic activity in Nebraska.
Consumer Energy Alliance hopes this new study will help Nebraska Governor Heineman in his decision to approve construction of the Keystone XL Pipeline through his state.