Economy

Nuclear power creates jobs and helps the economy right here in Pennsylvania.

Pennsylvania’s nuclear energy plants have significant and direct benefits for residents and businesses, as well as the Commonwealth’s economy.

The operations of nine nuclear facilities in Pennsylvania:1

  • Contribute approximately $2 billion to the state gross domestic product.
  • Account for 16,000 full-time direct and indirect in-state jobs.
  • Are responsible for $69 million in net state tax revenues annually, which fund important community services like schools, roads and law enforcement.
  • Support an ecosystem of more than 500 companies working in nuclear energy, including Westinghouse Electric Co. and Day & Zimmerman.

Nationwide, nuclear energy employs more than 100,000 Americans at salaries 36 percent higher than average.2 Pennsylvania is one of the leading states in helping create a nuclear power industry for the future.

Nuclear energy is a vital part of a diverse generating mix that keeps electricity prices stable and ensures that consumers are not overly reliant on just one or two sources of electricity. Without nuclear energy, the average power prices in Pennsylvania would be $4.78/MWh higher. This would equal $4.37 per month for a typical Pennsylvania residential ratepayer. That means the average Pennsylvania ratepayer is saving over $50 per year, thanks to nuclear energy.3 ($4.37×12=$52.44)

By keeping electricity prices low, Pennsylvania’s nuclear energy industry ensures that residential, commercial and industrial customers have more money to spend on other goods and services, boosting jobs, output and the overall economy.

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References

  1. Pennsylvania Nuclear Powers Plants’ Contribution to the State Economy – Brattle Report
  2. NEI Fact Sheet
  3. Pennsylvania Nuclear Powers Plants’ Contribution to the State Economy – Brattle Report, Section III.2