Closing Indian Point in the next four years would create electricity shortages, higher energy costs and dirtier air, according to a preliminary report commissioned by New York City.Read the complete article here.*** Among the key findings in the report:Though the researchers didn't examine the impact on Indian Point's 1,100 workers or possible loss of tax dollars, they did note closing the plant "may have far-reaching ancillary economic impacts."
- New York City and the state would see an approximately 15 percent increase in carbon emissions under most conventional replacement scenarios.
- The lowest-cost option would require $408 million in subsidies and if the price of electricity went down, the public support would need to be raised.
- Every replacement option studied ... including aggressive energy conservation, will result in a cost increase to energy consumers throughout the state.
- The cost of building new electricity generation would be passed to consumers; while those sums are debatable, they would be "real and significant."
A draft copy of the report is available here.
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