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Selected Projects

Economic Impact Analysis and Review of the Proposed Northern Pass Transmission Project

The purpose of this analysis is to evaluate regional economic impacts associated withthe proposed Northern Pass Transmission Project (the “Project” or “NPT”), per SECDocket No. 2015-06. There are three primary areas of analysis within our purview: (i) ageneral economic impact analysis of the construction, development and operation of theProject, including integration of energy market price impacts, (ii) potential propertyvaluation effects and (iii) potential tourism industry impacts. This analysis is primarily focused on statewide New Hampshire impacts, however, thereare some aspects… Read More »Economic Impact Analysis and Review of the Proposed Northern Pass Transmission Project

Input-Output Model for the Kingdom of Jordan – Executive Summary, Aquaba Economic Zone Development Impacts

A slower U.S economic recovery than forecast last July will temper revenue growth over the next two fiscal years. Multiple economic headwinds that developed in 2011 have yet to fully subside, as the European debt crisis continues to fester, oil prices again top $100 per barrel, and domestic political gridlock precludes federal fiscal and other policy measures that could accelerate the recovery. Although the Vermont economy continues to outperform the U.S. as a whole, minor revenue downgrades in all three major State funds are recommended relative to prior July 2011 projections.

FY12 revenues to date have performed very close to projections, with total revenues across all three funds closing the second quarter of the fiscal year within 0.5% of targets. Mounting Corporate refunds, higher gas prices, a tepid start to the winter tourism season and slower projected macroeconomic growth, however, will result in $1.8 million less in FY12 and $9.3 million less in FY13 General Fund revenues, and reductions of $0.3 million in FY12 and $0.8 million in FY13 in both the Transportation and Education Funds, relative to prior July 2011 forecasts.