Economic Development from New Generation and Transmission in Wyoming and Colorado (Fact Sheet) Page: 1 of 2
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Economic Development from New Generation
and Transmission in Wyoming and Colorado
New investments in power generation and
transmission infrastructure provide oppor-
tunities for short- and long-term economic
development. Opportunities are primarily
in the states and localities where facilities
are sited, as well as in those regions that
manufacture equipment for the power sec-
tor. Wyoming's high quality wind resource
and Colorado's clean energy manufacturing
base offer noteworthy potential for new
economic development activity result-
ing from wind and related power sector
This factsheet summarizes a recent analysis,
commissioned by the Wyoming Infrastruc-
ture Authority (WIA), that quantifies the
gross jobs and economic development
impacts that could result from the develop-
ment of a 900 MW wind power plant and
a 225 MW natural gas-fired power plant,
both located in southeast Wyoming, and
a 180-mile transmission line originating
in southeast Wyoming and terminating in
This work relies on the suite of NREL models
known as the Jobs and Economic Develop-
ment Impacts (JEDI) models: JEDI Wind, JEDI
Natural Gas, and JEDI Transmission models
were used in this analysis. JEDI models
utilize input-output data from the Min-
nesota IMPLAN Group and default values
that are based on interviews with industry
experts and project developers.
JEDI models calculate three types of impacts:
project development and onsite impacts,
local revenue and supply chain impacts, and
induced impacts. Onsite impacts are those
that arise directly as a result of expenditures.
These include project developers as well
as operations and maintenance personnel.
Local revenue and supply chain impacts are
those that arise to serve the onsite developer
or operator.These primarily include contrac-
tual service providers, manufacturers, and
material providers. Induced effects arise from
expenditures made by onsite workers as well
as supply chain workers. These can include
expenditures at local entertainment venues,
child care, and retail sales. Estimates from
JEDI are gross economic impacts and jobs
are reported as full time equivalents (FTE).
Based on the infrastructure development
considered here which is grounded in
the proposed Wyoming-Colorado Intertie
Project the economies of both Wyoming
and Colorado are affected. Accordingly,
potential impacts to both states are ana-
lyzed. Table 1 details the total anticipated
expenditures as well as the shares that are
expected to flow through Wyoming and
Colorado economies. During construction,
an estimated $1.8 billion is spent with
about 80% remaining in Wyoming and
Colorado. During operations, an estimated
$65 million in ongoing annual expenditures
are projected to support operations and
maintenance activities. About 27% of total
operations expenditures are estimated to
remain in the two-state region.
For the purposes of this study, financing
from outside of the Wyoming and Colorado
region was assumed. Accordingly, debt,
equity, and interest payments from project
revenues are not considered in the eco-
nomic assessment. Nevertheless, if a portion
of the fnancing was provided by Colorado
or Wyoming shareholders or debt providers,
additional revenues and economic impacts
could result. Premising a potential 9.25%
return on capital for a 50% equity share
could result in more than $150 million in
additional income over a 20-year financ-
ing period. Were such income reinvested
or spent locally, the resulting economic
effects would be above and beyond those
captured in this study.
Table 1. Anticipated Project Expenditures ($ millions) and Local Shares
Transmission $200 26% 25% $7 25% 25%
Gas* $280 27% 12% $41 5% 1%
Wind $1,350 18% 77% $17 29% 42%
Total Local $370 $1,100 $9 $9
*Note: Natural gas fuel expenditures are not included in local content.
NREL is a national laboratory of the U.S. Department of Energy, Office of Energy Efficiency and Renewable Energy,
operated by the Alliance for Sustainable Energy, LLC.
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Economic Development from New Generation and Transmission in Wyoming and Colorado (Fact Sheet), report, March 1, 2013; Golden, Colorado. (digital.library.unt.edu/ark:/67531/metadc843248/m1/1/: accessed December 17, 2018), University of North Texas Libraries, Digital Library, digital.library.unt.edu; crediting UNT Libraries Government Documents Department.