LPPC Releases New Economic Impact Study "Public Power at Work: The Economic Contribution of LPPC Members"
Key Findings:
- Our economic footprint is larger than the economies of nine states. Our spending supports $113 billion of GDP and 648,000 jobs in all 50 states, through our own operations and our purchases from suppliers across the country.
- We support about $10 billion a year in state and local revenue. That includes $2.6 billion paid directly to the cities and states that own us and $7.6 billion in state and local taxes generated by the activity we support.
- We are building the grid the economy needs. We reinvested about 32 cents of every dollar of electric revenue in the grid, $17 billion in 2025 and about two and a half times what our existing assets depreciate, supporting 162,000 jobs, about 9,700 for every $1 billion invested, in construction, manufacturing and engineering.
- Public power jobs pay well. Our employees average about $137,000 in pay and benefits, about 1.4 times the U.S. average.
- We help customers save energy and generate their own. We spent $488 million on efficiency programs in 2024, and efficiency, rooftop solar and EV-charging work in our communities supports about 129,000 jobs.
