News

Study: Texas wind power could benefit Louisiana consumers

December 19, 2016

A proposed high-voltage transmission project to connect low-cost, wind power generated in Texas to the Southeast could generate $3.9 billion in economic impacts over 30 years for Louisiana and Mississippi.

The study by Moss Adams LLP says Pattern Energy Group LP affiliate’s proposed Southern Cross Transmission project would:

• Produce nearly $1.5 billion of direct economic impact from expenditures incurred in development and construction.

• Generate $633 million of direct economic impact in local operations and maintenance expenditures over the first 30 years of the project.

• Generate $441 million in fiscal impact via property taxes across the two states over the first 30-year analysis period of the project.

• Create more than 650 jobs throughout the project’s construction and continued operation.

Click here to read the entire article.