Dive Summary:
- A report from the Manhattan Institute Tuesday asserted that the shuttering of New York's Indian Point nuclear plant could costs the state tens of thousands of jobs a year.
- Entergy Nuclear, who owns the plant, is currently seeking 20-year license extensions, but Gov. Andrew Cuomo has stated that he would like to see the facility closed.
- The report also stated that closing Indian Point may increase electricity costs in New York by as much as $2.2 billion a year.
From the article:
If the Indian Point nuclear power plants are shut down, higher electricity costs will deliver a major blow to New York's economy, costing tens of thousands of jobs a year, a research organization predicted Tuesday.
The report from the fiscally conservative Manhattan Institute said that with power demands rising and constraints on importing electricity, higher-cost alternatives would have to be developed to replace Indian Point's 2,000 megawatts. ...
