Champlain Hudson Power Express: Project Development Portal
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Project Details

ECONOMIC BENEFITS:
The Champlain Hudson Power Express will deliver significant economic benefits to New York State. Specific benefits include:
  • CHPE is forecasted to decrease wholesale electricity costs for ratepayers across New York by $12.8 billion during the first 30 years of operation.
    • Within New York City, CHPE is forecasted to decrease wholesale electricity costs for ratepayers by $7.7 billion during the first 30 years of operation.
  • By reducing CO2 emissions, CHPE will create an estimated $10.6 billion in CO2 reduction benefits.
  • CHPE will support the creation of more than 1,500 direct full-time jobs and 1,100 secondary jobs during construction. Throughout the first 30 years of operation, 800 additional long-term jobs will be created by the project.
  • These jobs are projected to create $3.6 billion in additional economic output in New York State during the project's construction and operation.
  • CHPE is expected to generate approximately $1.6 billion of tax revenue for local municipalities during the first 30 years of operations.
All numbers are from an August 2017 PA Analysis Report.