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New York’s Indian Point nuke closes after 59 years… EIA

You are here: Home / Commodity Research / New York’s Indian Point nuke closes after 59 years… EIA

April 30, 2021 by Jim Colburn Leave a Comment

From the EIA’s “Today in Energy”:

”The Indian Point Energy Center (Indian Point) permanently stopped generating electricity on April 30, 2021, when it retired its last operating nuclear reactor, Unit 3, earlier than originally planned. The Indian Point nuclear power plant began operations in 1962 and produced over 565 terawatthours (TWh) of electricity in the 59 years it was open. The Unit 3 retirement removes almost 1,040 megawatts (MW) of nuclear generating capacity from New York State, leaving about 3,200 MW of remaining nuclear capacity at three plants in upstate New York.

Indian Point is located in Buchanan, New York, about 25 miles north of Midtown Manhattan. The plant had three pressurized water reactors. Unit 1 began operations in 1962 and shut down in 1974. Units 2 and 3 began operations in 1974 and 1976, respectively; Unit 2 retired in April 2020. The Consolidated Edison grid system distributed the plant’s electricity to the five boroughs of New York City and neighboring Westchester County.

Three natural gas-fired power plants have been introduced over the past three years to help support the electric supply needed by New York City that Indian Point had been providing: Bayonne Energy Center II (120 MW), CPV Valley Energy Center (678 MW), and Cricket Valley Energy Center (1,020 MW).”

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Our associates bring decades of experience to the table, as they seek to help our clients understand the markets. CRG will distill the myriad of pricing variables mentioned above into coherent research that is to-the-point and tailored to a clients hedging or pricing needs. In addition, CRG is available for consulting assignments and speaking engagements. CRG does not manage money or trade for itself.

 


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