BulkTransmission/Economic Values

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Transmission Economic Values

Economic Values
Present, Potentially Affected

  • BLM-NV-WN-ES-08-01-1310, NV-020-08-01 (Blue Mountain Geothermal Well Field and Power Plant EA)
  • DOE-EA-1759 (EA for Geothermal/Exploration at Southwest Alaska Regional Geothermal Energy Project Naknek, Alaska)
  • DOE-EA-1849 (EA for Northern Nevada Geothermal Power Plant Project at McGuinness Hills Geothermal Area)
  • DOI-BLM-NV-B020-2011-0026-EA (Clayton Valley Geothermal Exploration Project EA for Drilling and Well Testing)
  • DOI-BLM-NV-B020-2012-0214-EA (Silver Peak Area Geothermal Exploration Project EA for Drilling and Well Testing for Geothermal/Exploration)
  • DOI-BLM-NV-C010-2010-0006-EA (Gabbs Valley and Dead Horse Wells Geothermal Exploration Projects EA for Geothermal/Exploration)
  • DOI-BLM-NV-C010-2010-0016-EA (EA for Airborne Electromagnetic Survey at Patua Geothermal Project for Geothermal/Well Field, Geothermal/Power Plant)
  • DOI-BLM-NV-CC-ES-11-10-1793 (Salt Wells Geothermal Energy Projects EIS for Geothermal/Power Plant Development Drilling)
  • DOI-BLM-NV-W010-2010-0004-EA (New York Canyon Geothermal Exploration Project EA for Exploration Drilling and Well Testing)
  • DOI-BLM-OR-V040-2009-0059-EA (Department of Energy Loan Guarantee for U.S. Geothermal's Neal Hot Springs Geothermal Facility in Vale, Oregon for Geothermal/Power Plant)
  • NV-020-03-26 (Desert Peak 2 Geothermal Project Environmental Assessment for Geothermal/Power Plant)
  • NV-020-07-EA-01 (EA for Observation Wells at Jersey Valley Geothermal Exploration Project for Geothermal/Well Field, Geothermal/Exploration)
  • NV-063-EA06-098 (Reese River Valley Geothermal Exploration Project Environmental Assessment)
  • Southline Transmission Line (Environmental Impact Statement for the Southline Transmission Line Project)
  • Sun Valley to Morgan Transmission Line (Environmental Impact Statement for the Sun Valley to Morgan Transmission Line Project)

Transmission line project development harbors curiosity to the market’s stability and new job opportunities. Stakeholders, such as area landowners, communities, and industries are interested in job, property value, construction, and compensation impacts.

Economics are broken up into three components:

  • Direct impacts are used to predict change in a local setting. Factors affecting transmission line projects include, operating expenditures such as capital, construction labor, wages, taxes and dividends.
  • Indirect impacts have a wider scope than direct impacts and are more difficult to quantify. These impacts are items that are needed to satisfy the direct impacts. They are derived from anything that affects the product’s lifecycle. Examples include: jobs from distributors or suppliers to the company, secondary industry jobs and employee taxes.
  • Induced impacts pertain to when project employees purchase goods for personal use with personal finances outside of the work environment.

Local economies are largely focused on the induced impacts in order to plan what infrastructure to build or improve.

Economic Values Impacts & Mitigation

Cultural differences, long vs. short-term employment, local economies, and property values are all factors impacted by transmission line projects. Typically, transmission line projects are brought into a community to boost the job market and local economy however, depending on the existing industries, cultural values, and businesses, the project may have adverse effects.

Typical on-site jobs include: “Welders; mechanics; pipe fitters; plumbers; machinists; electricians; carpenters; construction and drilling equipment operators and excavators; surveyors; architects and designers; geologists; hydrologists; electrical, mechanical, and structural engineers; HVAC technicians; researchers; and government employees.”

Typical offsite job opportunities exist at restaurants, bars, hotels, casinos, and grocery stores.

The following mitigation measures will decrease the impacts incurred by communities, construction companies, federal agencies, and project employees:

Cultural differences

  • In areas of low socioeconomic status, the workforce demographic is largely uneducated. A limited number of community services and programs are available to improve education, professional skills, housing and nutrition. This is especially true on tribal lands where several transmission line projects pass over. Mitigating these conditions include partnering with governing bodies to provide public services to improve quality of life and socioeconomic standing.

Employment

  • Long and short-term jobs result from transmission line development and have the potential to impact local businesses positively or negatively. Positive impacts can be incurred by the overall local economy, while negative impacts include high labor demands for project development, leaving a smaller pool of people to work locally.
  • To mitigate adverse conditions, survey the local economy over a long period of time or access data to identify trends when industry or businesses moved in and moved out.

http://search.geothermaldata.org/dataset/socioeconomics-and-geothermal-energy

Property Value

  • To decrease negative impacts, community and business members can attend planning meetings to take an active role in selecting the transmission line’s pathway, and to understand the financial commitments incurred by the project.