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Title: Comparing Statewide Economic Impacts of New Generation from Wind, Coal, and Natural Gas in Arizona, Colorado, and Michigan

Abstract

With increasing concerns about energy independence, job outsourcing, and risks of global climate change, it is important for policy makers to understand all impacts from their decisions about energy resources. This paper assesses one aspect of the impacts: direct economic effects. The paper compares impacts to states from equivalent new electrical generation from wind, natural gas, and coal. Economic impacts include materials and labor for construction, operations, maintenance, fuel extraction, and fuel transport, as well as project financing, property tax, and landowner revenues. We examine spending on plant construction during construction years, in addition to all other operational expenditures over a 20-year span. Initial results indicate that adding new wind power can be more economically effective than adding new gas or coal power and that a higher percentage of dollars spent on coal and gas will leave the state. For this report, we interviewed industry representatives and energy experts, in addition to consulting government documents, models, and existing literature. The methodology for this research can be adapted to other contexts for determining economic effects of new power generation in other states and regions.

Authors:
Publication Date:
Research Org.:
National Renewable Energy Lab. (NREL), Golden, CO (United States)
Sponsoring Org.:
USDOE
OSTI Identifier:
882498
Report Number(s):
NREL/TP-500-37720
TRN: US200612%%966
DOE Contract Number:
AC36-99-GO10337
Resource Type:
Technical Report
Country of Publication:
United States
Language:
English
Subject:
01 COAL, LIGNITE, AND PEAT; 03 NATURAL GAS; 17 WIND ENERGY; CLIMATIC CHANGE; COAL; CONSTRUCTION; DOLLARS; ECONOMIC IMPACT; ECONOMICS; EXPENDITURES; FINANCING; MAINTENANCE; NATURAL GAS; POWER GENERATION; TRANSPORT; WIND POWER; WIND ENERGY; ECONOMIC DEVELOPMENT; ECONOMIC IMPACTS; ARIZONA; MICHIGAN; COLORADO; POWER PLANTS; Wind Energy

Citation Formats

Tegen, S. Comparing Statewide Economic Impacts of New Generation from Wind, Coal, and Natural Gas in Arizona, Colorado, and Michigan. United States: N. p., 2006. Web. doi:10.2172/882498.
Tegen, S. Comparing Statewide Economic Impacts of New Generation from Wind, Coal, and Natural Gas in Arizona, Colorado, and Michigan. United States. doi:10.2172/882498.
Tegen, S. Mon . "Comparing Statewide Economic Impacts of New Generation from Wind, Coal, and Natural Gas in Arizona, Colorado, and Michigan". United States. doi:10.2172/882498. https://www.osti.gov/servlets/purl/882498.
@article{osti_882498,
title = {Comparing Statewide Economic Impacts of New Generation from Wind, Coal, and Natural Gas in Arizona, Colorado, and Michigan},
author = {Tegen, S.},
abstractNote = {With increasing concerns about energy independence, job outsourcing, and risks of global climate change, it is important for policy makers to understand all impacts from their decisions about energy resources. This paper assesses one aspect of the impacts: direct economic effects. The paper compares impacts to states from equivalent new electrical generation from wind, natural gas, and coal. Economic impacts include materials and labor for construction, operations, maintenance, fuel extraction, and fuel transport, as well as project financing, property tax, and landowner revenues. We examine spending on plant construction during construction years, in addition to all other operational expenditures over a 20-year span. Initial results indicate that adding new wind power can be more economically effective than adding new gas or coal power and that a higher percentage of dollars spent on coal and gas will leave the state. For this report, we interviewed industry representatives and energy experts, in addition to consulting government documents, models, and existing literature. The methodology for this research can be adapted to other contexts for determining economic effects of new power generation in other states and regions.},
doi = {10.2172/882498},
journal = {},
number = ,
volume = ,
place = {United States},
year = {Mon May 01 00:00:00 EDT 2006},
month = {Mon May 01 00:00:00 EDT 2006}
}

Technical Report:

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