Economic Impact of Tenaska’s Tri-State CCS Hub on OH, PA, WV

December 19, 2023

Tenaska is set to make a significant impact on the economies of Ohio, Pennsylvania, and West Virginia through the development of Carbon Capture and Storage (CCS) facilities in the Appalachian Basin. Known as the Tri-State CCS Hub, the project is anticipated to include 22 CCS well sites across six counties, providing economic benefit across the tri-state region.

As envisioned, the Tri-State CCS Hub would help manufacturers, industrial producers and power generating facilities meet increasing environmental requirements and climate mandates in a cost-effective, responsible manner. This not only allows these businesses to remain stable employers and taxpayers in the region but also paves the way for new energy careers. At the same time, CCS projects like this bring economic benefits to the community.

An economic impact study from West Virginia University estimates the impact of Tri-State CCS during the construction and operations phases of the project. Here’s a glimpse of what’s in store:

Construction Phase (2024-2026):

  • Estimated Economic Impact: $1.1 Billion
  • Job Creation: 1,900 Jobs, with $412 Million in Salaries

Broken down by state, that looks like:

 Total Annual ImpactAverage Annual EmploymentLabor Income
Ohio (12 wells)$585M1,080$218M
Pennsylvania (3 wells)$145M265$60M
West Virginia (7 wells)$250M372$75M

Ongoing Operations (Beginning 2027):

  • Annual Spending: $22.4 Million
  • Job Creation: 53 Jobs, with $4.6 Million in Salaries
  • Tax Revenue: $1.8 Million Annually to State and Local Government

At the state level, that translates to:

 Total Annual ImpactAverage Annual EmploymentLabor Income
Ohio (12 wells)$11.6M27$2M
Pennsylvania (3 wells)$3.1M8$0.8M
West Virginia (7 wells)$6.3M14$1M

The Tri-State CCS Hub will be a catalyst for sustainable economic growth, fostering job opportunities and contributing significantly to each state’s economy. Its impact will extend beyond mere numbers, shaping a greener and more prosperous future for our communities.

This groundbreaking venture stands as a testament to Tenaska’s commitment to innovation and community development. We’re excited to embark on this transformative journey and invite you to join us in celebrating the immense potential it holds for our region.

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