A study authored by Chmura Economic & Analytics which proves Dominion, a utility/pipeline giant operating in 14 states, will create nearly 12,000 new jobs and inject over $10 billion of new capital into the State of Virginia over the next five years. A sizable portion of the new projects involve natural gas.
FMW 17 point plan to realign City of Detroit & Regional Government Operations...Eric Foster
The 17-point plan proposes to restructure Detroit's government and finances through several steps:
1) Accept the reality of Detroit's fiscal crisis and $22.7 billion debt load.
2) Set Detroit on a path to fiscal solvency within 18 months through operational and structural changes.
3) Reduce Detroit's long-term debt obligation by at least 50% to relieve financial pressure.
4) Streamline Detroit's government agencies to essential services that impact quality of life.
5) Create models for regional cooperation on infrastructure and public services across Southeast Michigan.
On Friday, 15th October 2021, ESRI researcher
Barra Roantree, Research Officer presented these slides as part of our annual post-Budget briefing.
See more here: https://www.esri.ie/events/post-budget-briefing
This document is an application to establish a new salmon farm within a 1,000 hectare site located approximately 5 kilometres due north of Cape Lambert. It was submitted by Wendy McGuinness. The majority of the document discusses climate-related financial reporting requirements that the applicant would need to comply with if the farm was approved, including disclosure according to the Task Force on Climate-related Financial Disclosures framework. It also addresses potential climate change risks to the proposed salmon farm operation.
This document is the eighth annual report submitted to the Minister for the Environment, Community and Local Government by the Local Government Management Agency on service indicators in Irish local authorities. It provides a summary of local authority performance across key services in 2011. Planning applications decreased by 18% in 2011 reflecting an ongoing slump in construction. Housing stock increased slightly but repair times are longer. Local authorities recycled over 64% of household waste in 2011. Fire response times have slightly increased. Motor tax transactions increased to over 5.2 million with 41% conducted online.
Farewell to Welfare - threats to the welfare stateCitizen Network
Simon Duffy, Director of the Centre for Welfare Reform, gave this talk on the demise of the welfare state under the leadership of the UK's Conservative Party at the University of Vasaa in May 2014.
Phillip L. Swagel presents an overview of the 2021 long-term budget outlook to the Conference Board on May 20, 2021. The presentation discusses CBO projections that show growing deficits driving federal debt held by the public to unprecedented levels over 30 years, reaching over 200% of GDP by 2051. Net interest payments account for most growth in total deficits in later decades. Faster economic and productivity growth could reduce debt levels compared to current projections of slower potential GDP growth.
Does engaging with climate science motivate support for climate policy and behaviour change?
On Tuesday 25 January at 12 PM, the ESRI’s Behavioural Research Unit presented findings from the first measure of climate change comprehension in Ireland.
The webinar featured results from an experimental test about whether engaging with a short climate science quiz alters support for a carbon tax and willingness to change behaviour. It also provided an overview of findings from the quiz and highlighted where knowledge is good and where gaps remain.
The webinar coincided with the publication of Public understanding of climate change and support for mitigation, an ESRI Research Series report by Shane Timmons and Pete Lunn. This report has been published on the ESRI website: https://www.esri.ie/publications/public-understanding-of-climate-change-and-support-for-mitigation
Watch report launch video here:https://www.youtube.com/watch?v=DxW3w3EU-Wo&list=PLh8e-RReCFKPfhEBdBirw3_ifBpnVgFy7
FMW 17 point plan to realign City of Detroit & Regional Government Operations...Eric Foster
The 17-point plan proposes to restructure Detroit's government and finances through several steps:
1) Accept the reality of Detroit's fiscal crisis and $22.7 billion debt load.
2) Set Detroit on a path to fiscal solvency within 18 months through operational and structural changes.
3) Reduce Detroit's long-term debt obligation by at least 50% to relieve financial pressure.
4) Streamline Detroit's government agencies to essential services that impact quality of life.
5) Create models for regional cooperation on infrastructure and public services across Southeast Michigan.
On Friday, 15th October 2021, ESRI researcher
Barra Roantree, Research Officer presented these slides as part of our annual post-Budget briefing.
See more here: https://www.esri.ie/events/post-budget-briefing
This document is an application to establish a new salmon farm within a 1,000 hectare site located approximately 5 kilometres due north of Cape Lambert. It was submitted by Wendy McGuinness. The majority of the document discusses climate-related financial reporting requirements that the applicant would need to comply with if the farm was approved, including disclosure according to the Task Force on Climate-related Financial Disclosures framework. It also addresses potential climate change risks to the proposed salmon farm operation.
This document is the eighth annual report submitted to the Minister for the Environment, Community and Local Government by the Local Government Management Agency on service indicators in Irish local authorities. It provides a summary of local authority performance across key services in 2011. Planning applications decreased by 18% in 2011 reflecting an ongoing slump in construction. Housing stock increased slightly but repair times are longer. Local authorities recycled over 64% of household waste in 2011. Fire response times have slightly increased. Motor tax transactions increased to over 5.2 million with 41% conducted online.
Farewell to Welfare - threats to the welfare stateCitizen Network
Simon Duffy, Director of the Centre for Welfare Reform, gave this talk on the demise of the welfare state under the leadership of the UK's Conservative Party at the University of Vasaa in May 2014.
Phillip L. Swagel presents an overview of the 2021 long-term budget outlook to the Conference Board on May 20, 2021. The presentation discusses CBO projections that show growing deficits driving federal debt held by the public to unprecedented levels over 30 years, reaching over 200% of GDP by 2051. Net interest payments account for most growth in total deficits in later decades. Faster economic and productivity growth could reduce debt levels compared to current projections of slower potential GDP growth.
Does engaging with climate science motivate support for climate policy and behaviour change?
On Tuesday 25 January at 12 PM, the ESRI’s Behavioural Research Unit presented findings from the first measure of climate change comprehension in Ireland.
The webinar featured results from an experimental test about whether engaging with a short climate science quiz alters support for a carbon tax and willingness to change behaviour. It also provided an overview of findings from the quiz and highlighted where knowledge is good and where gaps remain.
The webinar coincided with the publication of Public understanding of climate change and support for mitigation, an ESRI Research Series report by Shane Timmons and Pete Lunn. This report has been published on the ESRI website: https://www.esri.ie/publications/public-understanding-of-climate-change-and-support-for-mitigation
Watch report launch video here:https://www.youtube.com/watch?v=DxW3w3EU-Wo&list=PLh8e-RReCFKPfhEBdBirw3_ifBpnVgFy7
Whenever, therefore, people are deceived and form opinions wide of the truth, it is clear that the error has slid into their minds through the medium of certain resemblances to that truth. - Socrates
Like all valuable commodities, truth is often counterfeited.
- Cardinal James Gibbons
Phillip L. Swagel presented CBO's updated budget and economic projections to J.P. Morgan's Virtual Investor Meeting on July 20, 2021. According to the projections, primary deficits will hover around 2% of GDP through 2029 and increase to 3% thereafter. Despite low interest rates through 2023, net interest costs will rise from 1.3% of GDP in 2024 to 2.7% in 2031. The projected deficit for 2021 increased by a third due to recently enacted legislation, while projected cumulative deficits for 2022-2031 were largely unchanged. Federal debt is projected to reach 106% of GDP by 2031, matching the previous peak in 1946.
This is the 8-13-12 media release from the Office of Governor Steve Beshear regarding the expansion of Green Boiler Technologies in Danville, Kentucky.
The document summarizes federal discretionary funding and appropriations for fiscal year 2012. Key points:
- Discretionary funding decreased 1% from 2004-2012 when adjusted for inflation.
- Total discretionary funding for FY2012 was $1.166 trillion, a 3% decrease from FY2011.
- Overseas contingency operations funding decreased 27% from FY2011 to FY2012.
- Many federal agencies rely heavily on contractors, with over 50% of agency budgets going to contracts at agencies like NASA, Transportation, and Homeland Security.
Phillip Swagel, Director of CBO, presented on CBO's budget and economic analysis during the pandemic. Key points included:
- CBO estimated the budgetary effects of major COVID relief laws from 2020-2021, which increased the deficit by trillions of dollars.
- Relief programs like PPP and enhanced unemployment benefits boosted GDP but also increased the deficit.
- The pandemic led to employment losses and reduced health insurance coverage in 2020.
- CBO continues to analyze the pandemic's impacts on health care spending, the labor market, and the broader economy.
CBO analyzes how climate change and climate policy affect the US economy and federal budget. It projects that climate change will gradually reduce real GDP growth and lower GDP by 1% in 2050 versus no climate change. It estimates effects on growth from changes in weather patterns and increased hurricane damage. A $25/ton carbon tax, rising 2% annually, would reduce greenhouse gas emissions while raising $66 billion initially, growing to $127 billion in revenues by 2028.
Dan Borst Power Point Presentation 2015 Tax SymposiumDaniel Borst
The document discusses the 2015 estate and gift tax landscape including:
- The federal estate tax exemption was $5.43 million per individual or $10.86 million for married couples.
- Only the portion of an estate over the exemption is taxed, with an example showing a $7.8 million estate with $2.37 million taxed after exemptions.
- Portability allows a surviving spouse to make use of the deceased spouse's unused exemption, simplifying planning for many estates. However, it has some disadvantages like lack of asset protection and loss of discounts.
- Proper estate planning techniques can help address long-term care needs, property tax issues, and transferring property to heirs.
The document discusses uninsurance rates in Minnesota and several counties. It provides data on the number of uninsured citizens in Minnesota and certain counties in 2011 and 2012, including for children ages 0-17. The rates of uninsurance generally decreased from 2011 to 2012 for the total population as well as for children, though some counties saw increases. For example, uninsurance fell for the total population in Hennepin county but rose for children in Washington county.
Presentation by Christina Hawley Anthony, Chief of the Projections Unit in CBO’s Budget Analysis Division, to the National Conference of State Legislatures Base Camp.
This presentation summarizes the Congressional Budget Office's long-term budget projections. It finds that U.S. debt held by the public is close to historical highs and is expected to increase rapidly in coming decades under current law. Net spending on interest and major health and retirement programs are projected to rise significantly as a share of the economy, contributing to growing deficits and debt levels that could exceed 200% of GDP by 2051.
Alaska's Fiscal Situation: Where We've Been, Where We're Headed (10.26.2019)Brad Keithley
This document summarizes Alaska's fiscal situation and options for addressing budget deficits. It notes that from FY2013-2020, Alaska relied on $20.72 billion in deficit financing. Projections show annual deficits averaging $1.3 billion through FY2029 even with current statutes. Options to close gaps like cuts to PFD payouts or a flat income tax are discussed, but cuts to PFD are seen as highly regressive and damaging to low-income residents. The group advocates a three-pronged approach of a PFD based on a 50/50 oil revenue formula, limiting spending growth, and a 1% flat income tax to close remaining gaps in a fair and sustainable way.
The document is an application to establish a new salmon farm within a 1,000 hectare site located approximately 5 kilometres due north of Cape Lambert in New Zealand. It includes details of the location and applicant.
The document summarizes CBO's updated budget and economic projections from 2021 to 2031. It finds that primary deficits will hover around 2% of GDP through 2029, while net interest costs will rise from 1.3% in 2024 to 2.7% in 2031 due to mounting federal debt. The projected 2021 deficit has increased by a third due to recent legislation. Federal debt held by the public is projected to reach 106% of GDP by 2031, matching the previous peak in 1946. Outlays are projected to climb after 2024 as Social Security and healthcare costs rise along with interest rates, while revenues remain relatively flat, resulting in large deficits and rising debt levels.
Elmhurst college thomasjohnson-taxpresentation 1 26 11 updatedStorer Rowley
This document discusses the fiscal challenges facing Illinois, including large budget deficits, unpaid bills, and underfunded pensions. It analyzes factors like declining tax revenues, high spending growth rates, and the state's debt obligations. Several reform proposals are presented, such as consolidating programs, reducing prison populations, privatizing higher education, and reengineering relationships between state and local governments. Overall, the document examines Illinois' budget shortfalls in detail and offers ideas for cutting costs and improving the state's fiscal situation.
Report: The Economic Impact of the Atlantic Coast Pipeline in WV, VA, NCMarcellus Drilling News
Chmura Economics & Analytics report that shows initially, during construction, the Atlantic Coast Pipeline, a Dominion project that will run from WV through VA to NC, has a huge impact of $450+ million per year (creating 2,900 jobs during the construction phase), and following construction, an ongoing impact of nearly $70 million per year. The report breaks down the impact and shows you how they arrive at these very solid estimates for the big economic impact from the project.
The document provides a summary and analysis of New York City's financial plan for fiscal years 2014-2017. It finds that while the city projects a surplus in FY2013 and a balanced budget for FY2014 based on reasonable assumptions, it faces budget gaps in outyears due to reliance on nonrecurring resources in FY2014. Key risks include delays in taxi medallion sales and costs of new labor agreements. The city has recovered faster than most from recession but still faces challenges like volatile Wall Street profits and potential cuts to federal aid.
1) The document analyzed the costs and benefits of establishing an integrated aluminum industry in Ghana from mining bauxite to producing aluminum. The estimated annual costs ranged from $1-3.2 billion while benefits ranged from $934 million to $3.6 billion, resulting in a small average benefit-cost ratio of 1.1.
2) It also briefly discussed special economic zones but noted there was insufficient data for a formal cost-benefit analysis. Emerging evidence suggests focusing on economy-wide reforms rather than geographically delimited zones, which are likely to have a benefit-cost ratio of less than 1.
3) A summary table compares the estimated annual benefits, costs, and benefit-cost ratios for the
Whenever, therefore, people are deceived and form opinions wide of the truth, it is clear that the error has slid into their minds through the medium of certain resemblances to that truth. - Socrates
Like all valuable commodities, truth is often counterfeited.
- Cardinal James Gibbons
Phillip L. Swagel presented CBO's updated budget and economic projections to J.P. Morgan's Virtual Investor Meeting on July 20, 2021. According to the projections, primary deficits will hover around 2% of GDP through 2029 and increase to 3% thereafter. Despite low interest rates through 2023, net interest costs will rise from 1.3% of GDP in 2024 to 2.7% in 2031. The projected deficit for 2021 increased by a third due to recently enacted legislation, while projected cumulative deficits for 2022-2031 were largely unchanged. Federal debt is projected to reach 106% of GDP by 2031, matching the previous peak in 1946.
This is the 8-13-12 media release from the Office of Governor Steve Beshear regarding the expansion of Green Boiler Technologies in Danville, Kentucky.
The document summarizes federal discretionary funding and appropriations for fiscal year 2012. Key points:
- Discretionary funding decreased 1% from 2004-2012 when adjusted for inflation.
- Total discretionary funding for FY2012 was $1.166 trillion, a 3% decrease from FY2011.
- Overseas contingency operations funding decreased 27% from FY2011 to FY2012.
- Many federal agencies rely heavily on contractors, with over 50% of agency budgets going to contracts at agencies like NASA, Transportation, and Homeland Security.
Phillip Swagel, Director of CBO, presented on CBO's budget and economic analysis during the pandemic. Key points included:
- CBO estimated the budgetary effects of major COVID relief laws from 2020-2021, which increased the deficit by trillions of dollars.
- Relief programs like PPP and enhanced unemployment benefits boosted GDP but also increased the deficit.
- The pandemic led to employment losses and reduced health insurance coverage in 2020.
- CBO continues to analyze the pandemic's impacts on health care spending, the labor market, and the broader economy.
CBO analyzes how climate change and climate policy affect the US economy and federal budget. It projects that climate change will gradually reduce real GDP growth and lower GDP by 1% in 2050 versus no climate change. It estimates effects on growth from changes in weather patterns and increased hurricane damage. A $25/ton carbon tax, rising 2% annually, would reduce greenhouse gas emissions while raising $66 billion initially, growing to $127 billion in revenues by 2028.
Dan Borst Power Point Presentation 2015 Tax SymposiumDaniel Borst
The document discusses the 2015 estate and gift tax landscape including:
- The federal estate tax exemption was $5.43 million per individual or $10.86 million for married couples.
- Only the portion of an estate over the exemption is taxed, with an example showing a $7.8 million estate with $2.37 million taxed after exemptions.
- Portability allows a surviving spouse to make use of the deceased spouse's unused exemption, simplifying planning for many estates. However, it has some disadvantages like lack of asset protection and loss of discounts.
- Proper estate planning techniques can help address long-term care needs, property tax issues, and transferring property to heirs.
The document discusses uninsurance rates in Minnesota and several counties. It provides data on the number of uninsured citizens in Minnesota and certain counties in 2011 and 2012, including for children ages 0-17. The rates of uninsurance generally decreased from 2011 to 2012 for the total population as well as for children, though some counties saw increases. For example, uninsurance fell for the total population in Hennepin county but rose for children in Washington county.
Presentation by Christina Hawley Anthony, Chief of the Projections Unit in CBO’s Budget Analysis Division, to the National Conference of State Legislatures Base Camp.
This presentation summarizes the Congressional Budget Office's long-term budget projections. It finds that U.S. debt held by the public is close to historical highs and is expected to increase rapidly in coming decades under current law. Net spending on interest and major health and retirement programs are projected to rise significantly as a share of the economy, contributing to growing deficits and debt levels that could exceed 200% of GDP by 2051.
Alaska's Fiscal Situation: Where We've Been, Where We're Headed (10.26.2019)Brad Keithley
This document summarizes Alaska's fiscal situation and options for addressing budget deficits. It notes that from FY2013-2020, Alaska relied on $20.72 billion in deficit financing. Projections show annual deficits averaging $1.3 billion through FY2029 even with current statutes. Options to close gaps like cuts to PFD payouts or a flat income tax are discussed, but cuts to PFD are seen as highly regressive and damaging to low-income residents. The group advocates a three-pronged approach of a PFD based on a 50/50 oil revenue formula, limiting spending growth, and a 1% flat income tax to close remaining gaps in a fair and sustainable way.
The document is an application to establish a new salmon farm within a 1,000 hectare site located approximately 5 kilometres due north of Cape Lambert in New Zealand. It includes details of the location and applicant.
The document summarizes CBO's updated budget and economic projections from 2021 to 2031. It finds that primary deficits will hover around 2% of GDP through 2029, while net interest costs will rise from 1.3% in 2024 to 2.7% in 2031 due to mounting federal debt. The projected 2021 deficit has increased by a third due to recent legislation. Federal debt held by the public is projected to reach 106% of GDP by 2031, matching the previous peak in 1946. Outlays are projected to climb after 2024 as Social Security and healthcare costs rise along with interest rates, while revenues remain relatively flat, resulting in large deficits and rising debt levels.
Elmhurst college thomasjohnson-taxpresentation 1 26 11 updatedStorer Rowley
This document discusses the fiscal challenges facing Illinois, including large budget deficits, unpaid bills, and underfunded pensions. It analyzes factors like declining tax revenues, high spending growth rates, and the state's debt obligations. Several reform proposals are presented, such as consolidating programs, reducing prison populations, privatizing higher education, and reengineering relationships between state and local governments. Overall, the document examines Illinois' budget shortfalls in detail and offers ideas for cutting costs and improving the state's fiscal situation.
Report: The Economic Impact of the Atlantic Coast Pipeline in WV, VA, NCMarcellus Drilling News
Chmura Economics & Analytics report that shows initially, during construction, the Atlantic Coast Pipeline, a Dominion project that will run from WV through VA to NC, has a huge impact of $450+ million per year (creating 2,900 jobs during the construction phase), and following construction, an ongoing impact of nearly $70 million per year. The report breaks down the impact and shows you how they arrive at these very solid estimates for the big economic impact from the project.
The document provides a summary and analysis of New York City's financial plan for fiscal years 2014-2017. It finds that while the city projects a surplus in FY2013 and a balanced budget for FY2014 based on reasonable assumptions, it faces budget gaps in outyears due to reliance on nonrecurring resources in FY2014. Key risks include delays in taxi medallion sales and costs of new labor agreements. The city has recovered faster than most from recession but still faces challenges like volatile Wall Street profits and potential cuts to federal aid.
1) The document analyzed the costs and benefits of establishing an integrated aluminum industry in Ghana from mining bauxite to producing aluminum. The estimated annual costs ranged from $1-3.2 billion while benefits ranged from $934 million to $3.6 billion, resulting in a small average benefit-cost ratio of 1.1.
2) It also briefly discussed special economic zones but noted there was insufficient data for a formal cost-benefit analysis. Emerging evidence suggests focusing on economy-wide reforms rather than geographically delimited zones, which are likely to have a benefit-cost ratio of less than 1.
3) A summary table compares the estimated annual benefits, costs, and benefit-cost ratios for the
Thailand UNDP-GIZ workshop on CBA - Enhancing resilience in Thailand through ...UNDP Climate
Thailand, 27-28 November 2017 - UNDP and GIZ partnered with the Thailand Office of Agriculture Economics (OAE) to launch a workshop designed to connect vital stakeholders to build an effective National Adaptation Plan.
The two-day workshop at the Rama Garden Hotel had 20 participants from each department under the Ministry of Agriculture and Cooperatives (MOAC). The workshop was designed to build capacity of planning officers to formulate better projects and budget submissions as well as potential climate finance proposal using cost-benefit analysis and ecosystem-based analysis appraisal tools.
The document provides an overview of Clarington's 2020 budget and capital forecast for 2021-2024. It discusses external economic factors, historical trends in assessment and taxation, comparisons to other municipalities, and plans for citizen engagement. The capital forecast totals over $80 million for 2021-2024, with key items including fire vehicle replacements, pool renovations, and recreation facility upgrades. Asset management requirements and funding strategies are also addressed.
Item # 1a - July 14, 2021 Budget Work Session Minutesahcitycouncil
The City of Alamo Heights held a budget workshop on July 14, 2021 to discuss the proposed FY 2021-2022 budget. Department heads presented their budget allocations and capital needs. The proposed general fund budget is $11.3 million, a 2.6% increase over the current year. The utility fund budget is $4.4 million, a 17.8% increase to fund sewer replacement projects. Council discussed health insurance costs, exploring other providers to lower costs. The workshop provided an overview of revenues, expenditures, and capital needs for the coming fiscal year.
04 03-17 april investor presentation finalAES_BigSky
This document provides an overview of The AES Corporation, including forward-looking statements and non-GAAP financial measures. It summarizes AES' diversified power generation portfolio across six strategic business units. It outlines targets for 8-10% average annual growth in free cash flow, EPS, and dividends through 2020. Key drivers of growth include construction projects, cost savings initiatives, and internally generated cash. The presentation provides details on AES' major construction projects and improving credit metrics with a goal of investment grade ratings by 2020.
The City of Alamo Heights financial report for the quarter ending September 30, 2021 shows:
- The general fund had $39,670 in operating revenue over expenditures, with revenues at 99% of budget and expenditures at 92% of budget.
- The utility fund had $940,297 in revenue after expenses, with revenues at 114% of budget and expenses at 92% of budget.
- The capital projects fund balance increased to $14,302,950 from $178,282 originally, due to $13,250,000 in bond proceeds for the Lower Broadway project of which $70,332 has been spent so far.
- The city's investment portfolio increased by $16,704,758 to
The document shows indicators and values for assets, liabilities, and equity for a company over several years. Total assets increased by $448.9 million (24.4%) from 2017 to 2021. Current assets decreased by $268.5 million (-50.5%) while non-current assets increased by $717.4 million (54.7%). Total liabilities increased by $464.4 million (29.1%) with current liabilities decreasing by $16.5 million (-37.1%) and non-current liabilities increasing by $464.4 million (29.1%). Stockholders' equity increased slightly by $1 million (0.5%).
The City of Alamo Heights financial report for the quarter ending June 30, 2020 shows that while revenues were impacted by the COVID-19 pandemic, the city is expected to finish in a positive financial position. The General Fund saw revenues of $9.2 million, 84% of budget, with operating expenditures of $7.4 million, 66% of budget, resulting in a surplus of $1.8 million. The Utility Fund brought in $2.6 million in revenue, 58% of budget, with expenses of $2.2 million, 49% of budget, for a surplus of $407,000. The Capital Projects Fund spent $1.4 million, 91% of its budget, on pool renovations
This document provides a summary of Callan Institute's 2016 Nuclear Decommissioning Funding Study. It covers 99 operating and 10 non-operating nuclear reactors in the US owned by 27 investor-owned utilities and 27 public power utilities. The study analyzes decommissioning cost estimates, nuclear decommissioning trust fund balances, annual contributions, and funding status for each owner. It finds that the total decommissioning cost estimate increased to $90 billion in 2015 from $55 billion in 2008, while total trust fund balances declined to $60 billion in 2015, resulting in an overall funding level decrease from 69% to 67%.
The document discusses Warren Global Corp's Millennium Agency Reform Package proposal for reforming 18 US government agencies over 10 years to reduce costs. Implementing Millennium at FDIC alone could reduce its $39.68 billion budget by $25.99 billion. In total, applying Millennium to 18 agencies could reduce the national debt by $22.81 trillion by 2024, leaving a $4.47 trillion surplus. Millennium requires a one-time $218 million investment and 3 months to install, after which the FDIC budget could be reduced by $193 million per month.
This document contains the marking scheme for an Economics exam with 12 questions. It provides the answers to each question and the number of marks allocated for each. The questions cover a range of Economics topics including final goods vs intermediate goods, consumption functions, investment multipliers, factors affecting consumption, indicators of health status, infrastructure investment, debt dynamics between China and Pakistan, and measures to reduce inflation.
Jpl 2010 Lic Combined Presentation Monroe LicTana Trichel
The document summarizes Louisiana's fiscal and economic outlook and key legislative issues. It notes that while some business tax breaks were restored, Louisiana faces budget shortfalls of $1B in FY2011 and $1.7B in FY2012 due to less federal stimulus funding and Medicaid cost increases. The administration proposes using one-time funds to address the FY2011 shortfall. Louisiana lost over 46,000 jobs in 2009 and faces high unemployment and declining state revenues. Key legislative issues include federal climate change and health care proposals that could significantly impact Louisiana businesses and jobs.
The City of Alamo Heights issued General Obligation Refunding Bonds in 2020 to refinance outstanding debt from 2012 at lower interest rates, resulting in savings of $297,453 over the life of the bonds. The refunding transaction was completed in October 2020 and achieved even greater savings than initially projected. A presentation was made to the City Council providing the final results and savings from the successful bond refunding.
The City of Alamo Heights financial report for the quarter ending September 30, 2022 shows:
- The General Fund had operating revenue over expenditures of $296,147, with total revenue at 103% of budget and expenditures at 95% of budget.
- The Utility Fund revenue after expenses was $637,056, with revenue at 99% of budget and operating expenses at 89% of budget.
- The Capital Projects Fund balance increased to $14,668,140, with bond proceeds of $13,250,000 and expenditures so far of $43,410 which is 41% of budget.
- The City's investment portfolio increased to $28,943,290, with an average yield of 2
Relatório da indústria de energia no estado de Nova IorqueMauricioBemfica1
This document provides an executive summary of the 2022 New York Clean Energy Industry Report. Some key findings from the report include:
- Clean energy employment in New York reached a record high of over 165,000 jobs in 2021, recovering fully from pandemic losses in 2020 and exceeding pre-pandemic levels.
- The clean energy sector rebounded faster than other major industries like healthcare and education.
- Nearly all clean energy technology sectors like renewable power generation, alternative transportation, and energy storage exceeded pre-pandemic employment levels by the end of 2021.
- The alternative transportation sector grew by over 26% between 2020-2021, driven largely by gains in hybrid and electric vehicles.
- Solar and
This document provides an overview and analysis of key issues related to the Bay Delta Conservation Plan (BDCP) from the perspective of the Metropolitan Water District Program. It summarizes the BDCP's capital and operating cost estimates, outlines the proposed funding sources including contributions from water exporters and state/federal governments, and analyzes potential cost allocation scenarios and their financial impacts. Key uncertainties noted include the lack of a finalized cost allocation and questions around assurances that future state and federal funding will meet regulatory requirements.
Police station presentation for council 10 21-10logictrail
The City Council Finance Committee reviewed the city's debt levels and capital spending plans. The overall net direct debt is estimated to be $6.3 million or 1.7% of the assessed property value, below the 10% limit. The total general fund debt service and capital spending is estimated to be 8.2% of operating revenues, below the 10% ceiling. Spending on levy-supported debt and capital projects is projected to be 2.6% of revenues, under the 5% limit. The committee also reviewed the capital budget and debt exclusion overrides planned for various city improvement projects, including ongoing debt for a new police station approved by voters in 2010.
Similar to The Economic Impact of Dominion Capital Expenditure Projects in Virginia 2015-2020 (20)
The document summarizes five key facts about the recovery of US shale oil production:
1) Rig counts have increased by 90% since bottoming out in May 2016 and are up 30% year-over-year, signaling increased drilling and production capacity.
2) While decline rates remain steep, production profiles have increased substantially due to technological advances, meaning aggregate supply will be stronger.
3) Preliminary data shows that net new shale supply turned positive in December 2016 for the first time since March 2015, recovering just 7 months after rig counts increased.
4) Increased drilling activity is supported by a large stock of drilled but uncompleted wells, demonstrating the recovery and expansion of the shale sector.
5)
Quarterly legislative action update: Marcellus and Utica shale region (4Q16)Marcellus Drilling News
A quarterly update from the legal beagles at global law firm Norton Rose Fulbright. A quarterly legislative action update for the second quarter of 2016 looking at previously laws acted upon, and new laws introduced, affecting the oil and gas industry in Pennsylvania, Ohio and West Virginia.
An update from Spectra Energy on their proposed $3 billion project to connect four existing pipeline systems to flow more Marcellus/Utica gas to New England. In short, Spectra has put the project on pause until mid-2017 while it attempts to get new customers signed.
A letter from Rover Pipeline to the Federal Energy Regulatory Commission requesting the agency issue the final certificate that will allow Rover to begin tree-clearing and construction of the 511-mile pipeline through Pennsylvania, West Virginia, Ohio and Michigan. If the certificate is delayed beyond the end of 2016, it will delay the project an extra year due to tree-clearing restrictions (to accommodate federally-protected bats).
DOE Order Granting Elba Island LNG Right to Export to Non-FTA CountriesMarcellus Drilling News
An order issued by the U.S. Dept. of Energy that allows the Elba Island LNG export facility to export LNG to countries with no free trade agreement with the U.S. Countries like Japan and India have no FTA with our country (i.e. friendly countries)--so this is good news indeed. Although the facility would have operated by sending LNG to FTA countries, this order opens the market much wider.
A study released in December 2016 by the London School of Economics, titled "On the Comparative Advantage of U.S. Manufacturing: Evidence from the Shale Gas Revolution." While America has enough shale gas to export plenty of it, exporting it is not as economic as exporting oil due to the elaborate processes to liquefy and regassify natural gas--therefore a lot of the gas stays right here at home, making the U.S. one of (if not the) cheapest places on the planet to establish manufacturing plants, especially for manufacturers that use natural gas and NGLs (natural gas liquids). Therefore, manufacturing, especially in the petrochemical sector, is ramping back up in the U.S. For every two jobs created by fracking, another one job is created in the manufacturing sector.
Letter From 24 States Asking Trump & Congress to Withdraw the Unlawful Clean ...Marcellus Drilling News
A letter from the attorneys general from 24 of the states opposed to the Obama Clean Power Plan to President-Elect Trump, RINO Senate Majority Leader Mitch McConnel and RINO House Speaker Paul Ryan. The letter asks Trump to dump the CPP on Day One when he takes office, and asks Congress to adopt legislation to prevent the EPA from such an egregious overreach ever again.
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Annual report issued by the U.S. Energy Information Administration showing oil and natural gas proved reserves, in this case for 2015. These reports are issued almost a year after the period for which they report. This report shows proved reserves for natural gas dropped by 64.5 trillion cubic feet (Tcf), or 16.6%. U.S. crude oil and lease condensate proved reserves also decreased--from 39.9 billion barrels to 35.2 billion barrels (down 11.8%) in 2015. Proved reserves are calculated on a number of factors, including price.
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An astonishing, first-of-its-kind, report by the NYT assessing damage in Ukraine. Even if the war ends tomorrow, in many places there will be nothing to go back to.
The Economic Impact of Dominion Capital Expenditure Projects in Virginia 2015-2020
1. 1309 E Cary Street, Richmond, VA 23219
1025 Huron Road East, Cleveland, OH 44115
chmuraecon.com
The Economic Impact of
Dominion
Capital Expenditure
Projects
Prepared for Dominion Virginia Power
October 22, 2015
2. 2
Table of Contents
BACKGROUND ....................................................................................................................................................................3
ECONOMIC IMPACT OF DOMINION CAPITAL EXPENDITURE IN VIRGINIA..................................................................................4
ECONOMIC IMPACT OF DVP CAPITAL EXPENDITURE IN VIRGINIA...........................................................................................6
ECONOMIC IMPACT OF DTI CAPITAL EXPENDITURE IN VIRGINIA .............................................................................................7
APPENDIX 1: DESCRIPTION OF DOMINION PROJECTS IN VIRGINIA...........................................................................................9
Dominion Virginia Power (DVP) .........................................................................................................................9
Dominion Transmission, Inc. (DTI) .....................................................................................................................11
APPENDIX 2: IMPACT ANALYSIS GLOSSARY .........................................................................................................................12
3. 3
Background
Dominion Resources, Inc. (Dominion) has planned many significant capital expenditure projects in
Virginia in the next six years, from 2015 through 2020. Those projects (Table 1) are developed by two
business units—Dominion Virginia Power (DVP) and Dominion Transmission, Inc. (DTI).
For Dominion Virginia Power, its projects include electric generation, electric transmission, and distribution,
as well as environmental projects. As Table 1 shows, DVP’s electric generation projects now underway or
planned include those utilizing both fossil fuel and renewable sources such as solar and offshore wind. Its
electric transmission and distribution projects are related to new transmission lines and the planned
undergrounding of a significant part of its distribution networks. The environmental projects involve
significant investment such as coal ash pond closures and other initiatives to comply with various EPA
regulations. For Dominion Transmission, Inc., major projects include the Atlantic Coast Pipeline (ACP), as
well as other non-ACP natural gas projects. Those Dominion projects represent total capital expenditure
of $11.7 billion from 2015 through 2020.1
Table 1: Dominion Capital Expenditure (Total 2015-2020)
Project Amount ($Million)
Dominion Virginia Power (DVP)
Electric Generation Brunswick Power Station $341.6
Greensville Power Station $1,324.8
Offshore Wind (VOWTAP) $378.7
Nuclear (North Anna 3 Development Cost) $808.0
Utility-Scale Solar $700.0
Solar Partnership $43.0
Electric Transmission & Distribution DVP Transmission $3,778.5
DVP Undergrounding $1,000.0
Environmental Projects $727.1
Total DVP $9,101.7
Dominion Transmission, Inc. (DTI)
Atlantic Coast Pipeline (ACP) $2,378.4
Non-ACP Projects $208.7
Total DTI $2,587.1
Total Dominion $11,688.8
Source: Dominion
Dominion contracted Chmura Economics & Analytics (Chmura) to conduct a study analyzing the
economic impact of the above capital expenditure projects in Virginia from 2015 through 2020. Chmura
1 Please see Appendix 1 for descriptions of those projects.
4. 4
used the IMPLAN Pro® model to simulate the economic impact of these projects, for both the
construction and ongoing operation phases. The direct, indirect, and induced impacts in spending and
job creation were estimated. 2
This report summarizes the economic impact of all Dominion capital expenditure projects, as well as the
economic impact of projects for Dominion Virginia Power and Dominion Transmission, Inc.
Economic Impact of Dominion Capital Expenditure in Virginia
From 2015 through 2020, the total Dominion capital expenditure for the above projects was estimated to
be $11.7 billion in Virginia. This amount will be spent on a wide variety of products and services, including:
land acquisition; construction of power stations, transmission lines, and natural gas pipelines; and
installation of power generation and transmission equipment. There will also be soft costs—such as
architecture, engineering, and other professional services.
Not every product and service necessary for the above projects is available in Virginia. Consequently,
some of the capital expenditure for these projects will occur outside the state. Based on data from
Dominion, it was estimated that $5.7 billion of the total $11.7 billion will be spent in Virginia.3
Table 2 details the estimated economic impact of Dominion’s capital expenditure in the Commonwealth
of Virginia. From 2015 to 2020, it was estimated that the construction activities of those projects will
generate a total economic impact (including direct, indirect, and induced effects) of $10.1 billion in
Virginia, which can support 71,554 cumulative jobs.4 Of the total economic impact, $5.7 billion will be
direct spending by Dominion within the state, with cumulative direct jobs amounting to 38,367 from 2015
to 2020. The indirect impact in Virginia will total $2.0 billion and support 14,138 cumulative jobs during the
construction phase in industries serving construction. The induced impact in the state during the
construction period is expected to be $2.4 billion with 19,048 cumulative jobs concentrated in consumer
service-related industries. On an annual average basis from 2015 to 2020, the total investment impact of
Dominion’s capital expenditure will be $1.7 billion that can support 11,926 Virginia jobs.
2 Direct impact is defined as the economic activity generated by the project under consideration. Indirect impact is
secondary economic activity generated by the project due to suppliers to the development, construction, or
ongoing operations. For a power generation plant, the induced impact is economic activity generated when the
workers at the power station and their suppliers spend their income at retail stores, restaurants, and professional
offices. Please see Appendix 1 for a glossary.
3 The $5.7 billion does not include land cost.
4 Each cumulative job is defined as one job that lasts for one year. As a result, if one construction worker works on a
project for 6 years, the number of cumulative jobs is 6, while the annual average number of job is 1.
5. 5
Table 2: Economic Impact of Dominion Capital Expenditure in Virginia
Direct Indirect Induced Total
One-time Construction
2015 Spending ($Million) $777.1 $266.9 $311.8 $1,355.8
Employment 5,318 1,948 2,583 9,849
2016 Spending ($Million) $1,309.2 $454.3 $537.6 $2,301.1
Employment 8,062 3,039 4,031 15,132
2017 Spending ($Million) $1,400.4 $490.6 $590.8 $2,481.9
Employment 9,142 3,453 4,635 17,230
2018 Spending ($Million) $1,015.8 $349.6 $429.2 $1,794.6
Employment 7,077 2,604 3,554 13,235
2019 Spending ($Million) $619.9 $208.3 $254.1 $1,082.4
Employment 4,421 1,565 2,145 8,131
2020 Spending ($Million) $616.6 $207.1 $252.1 $1,075.8
Employment 4,346 1,530 2,100 7,976
Total (2015-2020) Spending ($Million) $5,739.0 $1,976.9 $2,375.7 $10,091.6
Employment 38,367 14,138 19,048 71,554
Annual Average (2015-2020) Spending ($Million) $956.51 $329.5 $395.9 $1,681.9
Employment 6,395 2,356 3,175 11,926
Ongoing Operation
Annual, 2021 Onward Spending ($Million) $146.0 $40.1 $26.0 $212.1
Employment -388 262 208 82
Note: Impacts are measured in the year when they occur. Numbers may not sum due to rounding
Source: IMPLAN Pro 2013, Dominion, and Chmura
The ongoing economic impact of Dominion’s capital expenditure was measured beginning the year
2021, when many of the projects listed in Table 1 will be in operation.5 For all Dominion projects’ ongoing
operations, the total annual economic impact (direct, indirect, and induced) was estimated to be $212.1
million (measured in 2021 dollars), which can support 82 jobs in Virginia. This economic impact from the
above projects is incremental to the impact generated by existing Dominion operations.6 The direct
impact of the ongoing operations of all Dominion projects was estimated to have annual gross revenue
of $146.0 million. Permanent employment will be reduced by 388. The reason for the reduction is that for
DVP’s transmission projects, despite billions in capital expenditure, permanent employment of the
department will be reduced by 551 in 2021(compared to its 2014 level), which is more than the job
increase resulting from DVP electricity generation and DTI projects. However, despite the net reduction in
5 Some of the projects will start operation before 2021. The ongoing operational impact of those projects was
measured in 2021 dollars. The ongoing operations of projects that will not be in service in 2021 were not included in
this study.
6 For many projects, such as environmental and distribution projects, the ongoing operation will be managed by
existing employees. As a result, the incremental employment will be zero.
6. 6
employment, overall operation expenses and revenue of the transmission department will rise, so the
direct spending impact is positive.7 Similarly, the indirect and induced spending and employment impact
is positive due to the fact that total revenue and payroll of the transmission department will expand in
2021, despite the reduction in direct employment.8 As a result, the indirect operational impact of all of
Dominion’s projects was estimated to be $40.1 million and 262 jobs per year. The induced impact was
estimated to be $26.0 million, with associated jobs of 208 per year from 2021 onward.
Economic Impact of DVP Capital Expenditure in Virginia
From 2015 through 2020, total capital expenditure by Dominion Virginia Power was estimated to be $9.1
billion. Based on data from Dominion, it was estimated that $4.7 billion of total capital expenditure will be
spent in Virginia.
Table 3 details the estimated economic impact of DVP capital expenditure in the Commonwealth of
Virginia. From 2015 to 2020, it was estimated that construction activities of the DVP projects will generate
a total economic impact (including direct, indirect, and induced effects) of $8.2 billion in Virginia, which
can support 59,555 cumulative jobs. Of the total economic impact, $4.7 billion will be direct spending by
DVP within the state, with cumulative direct jobs amounting to 32,244 from 2015 to 2020. The indirect
impact in Virginia will total $1.6 billion and support 11,613 cumulative jobs during the construction phase
in industries supporting construction. The induced impact in the state during the construction period is
expected to be $1.9 billion with 15,698 cumulative jobs concentrated in consumer service-related
industries. On an annual average basis from 2015 to 2020, the total investment impact of DVP’s capital
expenditure will be $1.4 billion that can support 9,926 Virginia jobs.
The economic impact of ongoing operations of the DVP projects was measured beginning the year 2021,
when many of the projects listed in Table 1 will be in operation. The total annual economic impact
(direct, indirect, and induced) of all ongoing operations of DVP’s projects was estimated to be $169.5
million (measured in 2021 dollars). The direct impact was estimated to have annual gross revenue of
$120.7 million. Permanent employment will be reduced by 431 due to job reductions at DVP’s transmission
department. The indirect impact was estimated to be $32.4 million and 238 jobs per year, while the
induced impact was estimated to be $16.4 million, with associated jobs of 172 per year from 2021
onward.
7 This can be achieved by the increase in employee productivity. The business can reach increased sales (revenue)
with fewer employees.
8 Source: Dominion.
7. 7
Table 3: Economic Impact of DVP Capital Expenditure in Virginia (2015-2020)
Direct Indirect Induced Total
One-time Construction
2015 Spending ($Million) $741.0 $253.8 $295.9 $1,290.7
Employment 5,102 1,858 2,465 9,426
2016 Spending ($Million) $1,053.1 $360.5 $422.4 $1,835.9
Employment 6,522 2,403 3,188 12,114
2017 Spending ($Million) $916.5 $312.6 $371.5 $1,600.5
Employment 6,268 2,268 3,063 11,599
2018 Spending ($Million) $769.5 $258.9 $317.5 $1,345.9
Employment 5,640 2,011 2,768 10,419
2019 Spending ($Million) $610.1 $204.7 $249.6 $1,064.5
Employment 4,365 1,542 2,114 8,021
2020 Spending ($Million) $616.6 $207.1 $252.1 $1,075.8
Employment 4,346 1,530 2,100 7,976
Total (2015-2020) Spending ($Million) $4,706.8 $1,597.6 $1,909.0 $8,213.4
Employment 32,244 11,613 15,698 59,555
Annual Average (2015-2020) Spending ($Million) $784.46 $266.3 $318.2 $1,368.9
Employment 5,374 1,935 2,616 9,926
Ongoing Operation
Annual, 2021 Onward Spending ($Million) $120.7 $32.4 $16.4 $169.5
Employment -431 238 172 -21
Note: Impacts are measured in the year when they occur. Numbers may not sum due to rounding
Source: IMPLAN Pro 2013, Dominion, and Chmura
Economic Impact of DTI Capital Expenditure in Virginia
From 2015 through 2020, total capital expenditure for Dominion Transmission, Inc. projects in Virginia was
estimated to be $2.6 billion.9 Based on data from Dominion, it was estimated that $1.0 billion of the total
$2.6 billion in capital expenditure will be spent in Virginia.
Table 4 presents the estimated economic impact of DTI capital expenditure in the Commonwealth of
Virginia. From 2015 to 2020, it was estimated that construction activities of the DTI projects will generate a
total economic impact (including direct, indirect, and induced effects) of $1.9 billion in Virginia, which
can support 11,999 cumulative jobs. Of the total economic impact, $1.0 billion will be direct spending by
DTI within the state, with cumulative direct jobs amounting to 6,124 from 2015 to 2020. The indirect impact
in Virginia will total $379.3 million and support 2,525 cumulative jobs during the construction phase in
9 For example, the Atlantic Coast Pipeline project’s capital expenditure amounts in West Virginia and North Carolina
are not included in this figure.
8. 8
industries serving construction. The induced impact in the state during the construction period is
expected to be $466.7 million with 3,350 cumulative jobs concentrated in consumer service-related
industries. On an annual average basis from 2015 to 2020, the total investment impact of Dominion
capital expenditure will be $313.0 million that can support 2,000 Virginia jobs.
Table 4: Economic Impact of DTI Capital Expenditure in Virginia (2015-2020)
Direct Indirect Induced Total
One-time Construction
2015 Spending ($Million) $36.2 $13.1 $15.9 $65.1
Employment 216 90 118 424
2016 Spending ($Million) $256.1 $93.9 $115.3 $465.2
Employment 1,540 636 843 3,018
2017 Spending ($Million) $484.0 $178.0 $219.3 $881.3
Employment 2,874 1,185 1,572 5,631
2018 Spending ($Million) $246.2 $90.6 $111.7 $448.6
Employment 1,438 592 786 2,817
2019 Spending ($Million) $9.8 $3.6 $4.4 $17.9
Employment 56 23 31 110
2020 Spending ($Million) $0.0 $0.0 $0.0 $0.0
Employment 0 0 0 0
Total (2015-2020) Spending ($Million) $1,032.3 $379.3 $466.7 $1,878.2
Employment 6,124 2,525 3,350 11,999
Annual Average (2015-2020) Spending ($Million) $172.0 $63.2 $77.8 $313.0
Employment 1,021 421 558 2,000
Ongoing Operation
Annual, 2021 Onward Spending ($Million) $25.3 $7.7 $9.6 $42.6
Employment 43 23 36 103
Note: Impacts are measured in the year when they occur. Numbers may not sum due to rounding
Source: IMPLAN Pro 2013, Dominion, and Chmura
The ongoing economic impact of DTI capital expenditure was measured beginning the year 2021, when
the Atlantic Coast Pipeline and other non-ACP projects will be in operation. The total annual economic
impact (direct, indirect, and induced) of the ongoing operation of DTI’s projects was estimated to be
$42.6 million (measured in 2021 dollars) which can support 103 total jobs in Virginia. In terms of direct
impact, the DTI projects were estimated to have annual gross revenue of $25.3 million and employ 43
new permanent workers. The indirect impact was estimated to be $7.7 million and 23 jobs per year. The
induced impact was estimated to be $9.6 million, with associated jobs of 36 per year from 2021 onward.
9. 9
Appendix 1: Description of Dominion Projects in Virginia
Dominion Virginia Power (DVP)
Electric Generation
Brunswick Power Station
Brunswick Power Station is a natural gas-powered electric generating facility now under construction
near Lawrenceville in Brunswick County. When operational, it will have a generating capacity of
approximately 1,358 megawatts using combined-cycle technology and be capable of meeting the
peak electrical needs of approximately 340,000 typical homes. The State Corporation Commission (SCC)
approved construction of the project in an order issued in August 2013. The station is expected to begin
commercial operation in the summer of 2016.
Greensville Power Station
Dominion Virginia Power has proposed constructing the Greensville Power Station, a natural-gas fired
facility with a generating capacity of approximately 1,600 megawatts. To be built on a site in Greensville
County, the station would use energy-efficient combined-cycle technology, consisting of three gas-fired
combustion turbines and a steam turbine, and would produce enough power to meet the peak
electrical demands of approximately 400,000 typical homes. The company submitted its application to
build the project to the State Corporation Commission (SCC) in July 2015. Subject to SCC and
environmental approvals, construction is scheduled to begin in mid-2016.
Offshore Wind (VOWTAP)
Dominion Virginia Power leads a consortium of private companies and government agencies that will
develop the Virginia Offshore Wind Technology Advancement Project (VOWTAP) to test offshore wind
generation. The project will be located approximately 27 miles off the coast of Virginia Beach. Dominion
has received $51 million in grants from the U.S. Department of Energy to support VOWTAP, which would
consist of two 6-megawatt wind turbines connected to the onshore grid by underwater cable. Other
members of the consortium include Alstom Power, Inc.; KBR; Virginia Department of Mines, Minerals and
Energy; National Renewable Energy Laboratory; Virginia Tech Advanced Research Institute; Newport
News Shipbuilding; and Tetra Tech. The company’s 2015 Integrated Resource Plan projects an in-service
date of 2019 for VOWTAP. Dominion Virginia Power is currently working with stakeholders to explore ways
to support the continued development of the project.
Nuclear (North Anna 3 Development Cost)
Dominion Virginia Power is evaluating development of a third nuclear reactor at North Anna Power
Station (North Anna 3) in Louisa County. The technology selected for North Anna 3 is the General Electric-
Hitachi Economic Simplified Boiling Water Reactor (ESBWR). The company expects to receive a
Combined Operating License (COL) for the facility from the U.S. Nuclear Regulatory Commission in 2017.
Dominion Virginia Power emphasizes that it has not committed to building North Anna 3 and will make no
final decision until after the issuance of the COL. However, the company recognizes for planning
10. 10
purposes that the emissions-free characteristics of nuclear generation will be important considerations as
the carbon-dioxide emissions reduction mandates of the U.S. Environmental Agency’s Clean Power Plan
are implemented. According to the company’s 2015 Integrated Resource Plan, the earliest possible in-
service date for the 1,453-megawatt reactor would be September 2027.
Utility-Scale Solar
Dominion Virginia Power announced plans in February 2015 to develop multiple large-scale solar projects
totaling 400 megawatts of electricity in Virginia by 2020. Together, these solar facilities are anticipated to
be capable of generating enough electricity at peak capacity to power 100,000 homes.
Solar Partnership Program
Under the Solar Partnership Program, Dominion Virginia Power constructs and operates small-scale solar
facilities on leased rooftops or grounds of commercial businesses or public properties. Individual
installations can generate up to 2 megawatts of electricity. The program is designed to study the benefits
and impacts of solar distributed generation targeted electric distribution circuits.
Electric Transmission and Distribution
DVP Transmission
Dominion Virginia Power operates more than 6,400 miles of high-voltage electric transmission lines
operating at voltages ranging from 69 kilovolts to 500 kilovolts. The company is engaged in a significant,
long-term program to strengthen its transmission system, interconnect new electric generating units,
expand the system to meet the needs of a growing customer base, and replace aging infrastructure. In
addition to new construction, the company is undertaking projects to improve both the physical and
cyber-security of its transmission assets. Capital investment in the transmission system is expected to
approach $3.8 billion in Virginia during the 2015-2020 period.
DVP Undergrounding
Dominion Virginia Power’s Strategic Underground Program is the company’s initiative aimed at improving
service reliability by converting a significant part of its overhead electric distribution system to
underground service. Using a data-driven process, the company is analyzing the 10-year outage history
of tap lines that carry electricity to homes and neighborhoods to determine the segments most
vulnerable to damage from wind, limbs, trees, and other hazards, particularly during severe weather
events. Over more than a decade, the company plans to place as many as 4,000 miles of these
vulnerable tap lines underground, improving local circuit reliability and significantly reducing the time
needed to restore power to all customers after major events such as storms and hurricanes. To-date, the
company has converted to underground service approximately 200 miles of overhead tap lines.
Environmental Projects
Dominion Virginia Power is planning a variety of environmental improvements at its power stations to
meet new federal regulations, including those for the storage of coal combustion residuals; control of
effluents that could impact surface and groundwater; and regulation of station cooling water intakes.
11. 11
The company also faces increasingly strict federal air quality regulations and is responding through
improvements such as the scheduled installation of equipment to reduce nitrogen oxide emissions from its
Possum Point Power Station in Prince William County.
Dominion Transmission, Inc. (DTI)
Atlantic Coast Pipeline
Dominion Transmission, Inc. will construct and operate a major interstate natural gas transportation
facility, the Atlantic Coast Pipeline, for a group of four regional energy companies (Atlantic Coast
Pipeline, LLC) consisting of Dominion, Duke Energy, AGL Resources (parent of Virginia Natural Gas) and
Piedmont Natural Gas. The 564-mile project will provide greatly improved access for Virginia and North
Carolina to the expanding natural gas production in the Appalachian basin. In addition to serving
commercial and residential natural gas customers, much of the fuel transported through the project will
be used for electric generation. About 280 miles of the pipeline will run through western, central and
southern Virginia, including a 79-mile extension carrying natural gas east to the Hampton Roads area.
Atlantic Coast Pipeline, LLC, filed its application for approval of the project with the Federal Energy
Regulatory Commission (FERC) on September 18, 2015. Pending needed regulatory and environmental
approvals, construction is expected to begin in the second half of 2016 with the pipeline in service during
the fourth quarter of 2018.
Non-ACP Projects
Dominion Transmission, Inc. also owns and operates other interstate natural gas transmission assets in
Virginia. Planned improvements in this system are scheduled during the 2015-2020 period, primarily
compressor station upgrades.
12. 12
Appendix 2: Impact Analysis Glossary
IMPLAN Professional—an economic impact assessment modeling system. It allows the user to build
economic models to estimate the impacts of economic changes in states, counties, or communities. It
was created in the 1970s by the Forestry Service and is widely used by economists to estimate the impact
of specific events on the overall economy.
Input-Output Analysis—an examination of business-business and business-consumer economic
relationships capturing all monetary transactions in a given period, allowing one to calculate the effects
of a change in an economic activity on the entire economy (impact analysis).
Direct Impact—economic activity generated by a project or operation. For construction, this represents
activity of the contractor; for operations, this represents activity by tenants of the property.
Overhead—construction inputs not provided by the contractor.
Indirect Impact—secondary economic activity that is generated by a project or operation. An example
might be a new office building generating demand for parking garages.
Induced (Household) Impact—economic activity generated by household income resulting from direct
and indirect impacts.
Ripple Effect—the sum of induced and indirect impacts. In some projects, it is more appropriate to report
ripple effects than indirect and induced impacts separately.
Multiplier—the cumulative impacts of a unit change in economic activity on the entire economy.