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The controversial Indian Point nuclear plant near New York will close in 2021, a casualty of low energy prices and relentless criticism by environmentalists, the power company announced Monday.
Under an agreement with New York State, Entergy plans to shut down one of the two operating units at Indian Point by April 30, 2020, and the second unit will close a year after that.
Entergy attributed the decision to close the decades-old plant to shifting energy economics. Among the changes, power prices fell as much as 45 percent due to natural gas from the Marcellus Shale formation in New York and Pennsylvania, part of the American shale boom.
"Key considerations in our decision to shut down Indian Point ahead of schedule include sustained low current and projected wholesale energy prices that have reduced revenues, as well as increased operating costs," said Bill Mohl, president of Entergy wholesale commodities.
Entergy said it would look for other opportunities for the 1,000 workers employed at Indian Point.
New York Governor Andrew Cuomo and environmentalists applauded the news since the plant, located within 30 miles of New York, has long been a concern due to safety problems and worries that an accident at the aging facility could affect some 20 million people.
Lower energy prices cited by the article have not been reflected in customer electricity bills. Indian Point supplies 30% of New York's power, so if the post-Indian point power supply drops by the same amount the high prices New Yorkers currently pay per kwh will climb even higher.
(Score: 1, Informative) by Anonymous Coward on Wednesday January 11 2017, @07:06PM
protesting nuclear plants and making it impossible to run them is just going to result in more coal and oil-fired plants
8-(
instead of some nasty pollution that's contained in a few 55-gallon drums
...drums made of stuff that will corrode-through is a single human lifetime.
Again: 8-(
and stored somewhere
Current experience says that will continue to be within a half mile of where it was created i.e. on the grounds of the nuke plant for decades and decades and decades.
renewables
in 2016, USAians were offered a presidential candidate who had as a major part of her platform a Green New Deal that would create jobs with renewables as a major part of that.
While Trump got $6B in media coverage, gratis, other candidates got little and Green Party candidate Jill Stein got roughly zero.
Lazy people who are eligible to vote made little effort to discover her and her platform.
They instead looked to Lamestream Media to get their "information".
Those people got what they deserved.
It is unfortunate that the rest of us are now subjected to that result.
N.B. Trump's "press conference" this morning demonstrates what we're in for:
A thin-skinned sociopath who seeks the approval of the already-rich. 8-(
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