Dive Summary:
- Entergy Corp.'s New York subsidiaries, Con Edison and the New York Power Authority, have contacted the New York State Public Service Commission (PSC) regarding the premature retirement of the Indian Point Energy Center.
- Con Edison and the New York Power Authority have jointly asked that the state's electric customers be billed $800 million for transmission projects if the Nuclear Regulatory Commission decides not to renew Indian Point's license.
- Entergy's subsidiaries claim they would prefer not to enact this contingency plan and would rather see Indian Point's license renewed.
From the article:
In their comments, the Entergy companies urged the New York PSC to require the utilities to submit more information prior to taking any actions that will raise customers' electric rates. "The RCP fails to acknowledge the substantial likelihood that Indian Point will continue to operate, it lacks sufficient information for a meaningful review of the proposed projects or other alternatives, and it fails to demonstrate that – with a price tag of at least $800 million – it is the most cost-effective solution for New York electric customers," said Mike Twomey, vice president of external affairs for Entergy Wholesale Commodities. ...
