BHI study: Northeast Energy Direct Pipeline would strongly benefit Massachusetts, reducing energy costs while driving employment and investment growth
BOSTON - (Wednesday, June 24, 2015) Tennessee Gas Pipeline’s (TGP) proposed Northeast Energy Direct Pipeline (NED) would bring both significant short-term and long-term benefits to Massachusetts according to an economic analysis based on two models by the Beacon Hill Institute at Suffolk University. TGP is a subsidiary of Kinder Morgan, Inc., which funded the Institute’s study.
The Beacon Hill Institute analyzed the economic effects of building TGP’s NED project, which would upgrade, extend and build a new pipeline through New York, New Hampshire and Massachusetts. The Institute used the proprietary IMPLAN (Impact Analysis for Planning) model to determine short-term economic impacts and then applied its STAMP (State Tax Analysis Modeling Program) model to determine the long-term impacts. Read more
Complete Study (PDF)
Press Release (PDF)
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