Last Friday, the New York Times reported that Indian Point nuclear power plant will close by 2021. Under the agreement one of the reactors will cease operations by April 2020 and the other must be closed a year later. However, a spokesperson for New York Governor Andrew Cuomo told the Times that the deal is not yet finalized and Entergy, the plant owners have declined to comment.
The shutdown has long been a priority for Governor Andrew M. Cuomo, who has been supportive of upstate nuclear plants has repeatedly called for shutting Indian Point. He has said it poses too great a risk to New York City, less than 30 miles to the south.
Entergy has been seeking a 20-year renewal of its licenses for the reactors from the NRC since 2007 but NY State has continued to challenge the renewal.
Indian Point generates 25% of electricity for Westchester and New York City about enough power for 2 million homes. Currently there is no decision in place on how this energy will be replaced.
A report released by the NEI stated that Indian Point annually contributes an estimated $1.6 billion to New York’s economy and $2.5 billion to the nation as a whole. The plant is one of the largest taxpayers in Westchester County, contributing $30 million in state and local property taxes, with a total tax benefit of $340 million to local, state and federal governments.
The facility’s nearly 1,000 employees benefit from an annual payroll of approximately $140 million, which stimulates nearly 4,400 additional jobs in other businesses in New York.