October 24, 2016 - 10:44 am
CARSON CITY — A new economic analysis of the Energy Choice Initiative released this week concludes that if approved by voters, Question 3 would create thousands of new clean energy and clean technology jobs.
The Nov. 8 ballot measure proposes to create “an open, well-regulated electricity market in Nevada.”
The constitutional amendment would have to pass this year and again in 2018 before it could begin to take effect.
The study was conducted by Nevada economist John Restrepo and his firm, RCG Economics, in collaboration with UNLV economist Dr. Alan Schlottmann on behalf of Nevadans for Affordable Clean Energy Choices, the group backing the measure.
Among the findings:
— If Question 3 passes, Nevada could see an increase of nearly 38,000 clean energy jobs (from 25,600 in 2016 to 63,486 in 2033). Even a conservative 5 percent growth forecast shows a job increase of 63 percent over a 10-year period.
— Each new utility scale renewable energy project would create as many as 10,796 construction phase jobs — 2,133 jobs for a 100 megawatt facility, 10,796 jobs for a 550 megawatt facility.
— Nevada could realize an additional three to four indirect jobs for every new clean energy job created.
“Question 3 is a tremendous way for thousands of Nevadans from a wide variety of backgrounds to better their lives,” Restrepo said. “The Governor’s Office of Economic Development forecasted a loss of jobs in the clean energy sector in a 2015 report. Our analysis indicates Question 3 could not only help Nevada regain these lost jobs, but add thousands more.”
Supporters, including the Las Vegas Sands, the primary financial backer of the initiative petition, Tesla, Switch and others, said the report shows that it will significantly grow Nevada’s clean energy economy and spur economic development in ways that cannot be realized under current, antiquated energy policies.
Question 3 is opposed by the Nevada State AFL-CIO and the Culinary Local 226. The groups argue residential customers will not benefit from the proposal to let them choose their electric service providers by no later than 2023.
Contact Sean Whaley at email@example.com or 775-461-3820. Follow @seanw801 on Twitter.