INDIAN POINT NUCLEAR PLANT TO CLOSE

In January 2017, Entergy Nuclear and the state of New York reached an agreement to retire the two nuclear reactors at the Indian Point Energy Center, located in Buchanan, New York, about 25 miles north of New York City. Indian Point is one of four nuclear power plants in New York state and accounts for about 12% of total electricity generated from all sources statewide. Under the agreement, Entergy will retire one reactor in April 2020 and the other in April 2021. Indian Point operates two pressurized water reactor units, each with a licensed capacity of 1,072 megawatts (MW). These two units began commercial operation in 1974 and 1976. A third, smaller reactor opened in 1962 and was shut down in 1974 because the emergency core cooling system did not meet regulatory requirements. With a total capacity of 2,144 MW, Indian Point represents 40% of the state’s nuclear capacity and 5% of the state’s total installed electricity generating capacity. The announced closure dates could be postponed by four years given a mutual agreement between Entergy and the New York state government if electricity reliability in the region is significantly affected or if other emergency circumstances arise.