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Indian Point to close by 2021, plant operator Entergy says

Posted at 8:34 AM, Jan 09, 2017
and last updated 2017-01-09 09:08:57-05

Indian Point

BUCHANAN, N.Y. — The Indian Point nuclear plant in Westchester County will close by 2021, the company said in a statement Monday morning.

Gov. Andrew Cuomo’s office said on Friday “no agreement” had been reached to close the plant, but Entergy said sustained low power prices have led to a decision to shutter the units at Indian Point.

The two operational units at Indian Point are a key source of energy for the New York area. They power about 2 million homes along with businesses and municipal systems.

Despite this, Gov. Cuomo has repeatedly called for Indian Point’s shutdown. The “antiquated” facility, he’s said, poses an threat to New Yorkers and to the Hudson River.

“For 15 years, I have been deeply concerned by the continuing safety violations at Indian Point, especially given its location in the largest and most densely populated metropolitan region in the country,” Gov. Cuomo said.

Several energy sources, including hydropower, are fully permitted and available to come online by 2021 to replace the electrical power Indian Point generates, officials from Cuomo’s office said.

The two units open at Indian Point generate 2,000 megawatts of clean electricity. One of the units at Indian Point – Unit 1 – was permanently closed in 1974. The licenses for Units 2 and 3 has expired in 2013 and 2015, respectively, but Entergy has applied to the U.S. Nuclear Regulatory Commission to relicense the facilities.

Entergy bought the plant 15 years ago. The company’s shutdown of the units will complete the its exit from the merchant power business. Reduced revenues and increased operating costs spurred the decision to close down the plant, said Bill Mohl, president of Entergy Wholesale Commodities.

Unit 2 will shut down by April 30, 2020 and Unit 3 will close its doors by April 30 of the following year.