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Indian Point Energy Center

Nuclear power plant in Buchanan, New York

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Through Watt

The original 40-year operating licenses for Units 2 and 3 expired in September 2013 and December 2015, respectively. Entergy had applied for license extensions and the Nuclear Regulatory Commission (NRC) was moving toward granting a twenty-year extension for each reactor. However, due to a number of factors including sustained low wholesale energy prices that reduced revenues, as well as pressure from local anti-nuclear groups and then-Governor of New York Andrew Cuomo, it was announced that the plant would shut down by 2021. The plant permanently stopped generating energy on April 30, 2021. About 1,000 employees lost their jobs as a result of the shutdown.

As a result of the permanent shutdown of the plant, three new natural-gas fired power plants were built: Bayonne Energy Center, CPV Valley Energy Center, and Cricket Valley Energy Center, with a total capacity of 1.8 GW, replacing 90% of the 2.0 GW of low-carbon electricity previously generated by the plant. As a consequence, New York is expected to struggle to meet its climate goals. New York City's greenhouse gas emissions from electricity have increased from approximately 500 to 900 tons of CO2 per MWh from 2019 to 2022 as a result of the closure.

Unit 3 currently holds the world record for the longest uninterrupted operating period for a light water commercial power reactor. This record is 753 days of continuous operation, and was set on April 30, 2021 for the operating cycle beginning on April 9, 2019. Unit 3 operated at or near full output capacity for the entire length of the cycle. This record was previously held by Exelon's LaSalle Unit 1 with a record of 739 continuous days, set in 2006.

Operation

Reactors

Indian Point 1, built by Consolidated Edison, was a 275-megawatt Babcock & Wilcox supplied pressurized water reactor that was issued an operating license on March 26, 1962 and began operations on September 16, 1962. Originally referred to as the Consolidated Edison Thorium Reactor, Unit 1 was intended as the first thorium-fueled commercial reactor in the world. The first core used a thorium-based fuel with stainless steel cladding, but this fuel did not live up to expectations. This was largely due to the fact that the thorium fuel needed to be mixed with highly enriched uranium, and thus made it more expensive than uranium fuel. The thorium-based core shut down in October 1965. The plant was operated with uranium dioxide fuel for the remainder of its life. The reactor was shut down on October 31, 1974, because the emergency core cooling system did not meet regulatory requirements. All spent fuel was removed from the reactor vessel by January 1976, but the reactor still stands. The licensee, Entergy, plans to decommission Unit 1 when Unit 2 is decommissioned.

Indian Point 2 and 3 are four-loop Westinghouse pressurized water reactors both of similar design. Units 2 and 3 were completed in 1974 and 1976, respectively. Unit 2 had a gross generating capacity of 1,032 MWe, and Unit 3 had a gross generating capacity of 1,051 MWe. Both reactors used uranium dioxide fuel of no more than 4.8% U-235 enrichment. The reactors at Indian Point are protected by containment domes made of steel-reinforced concrete that is 40 inches (1.0 m) thick, with a carbon steel liner.

Nuclear capacity in New York state

Prior to their respective shutdowns, Units 2 and 3 were among six operating nuclear energy sources at four nuclear power stations in New York state. New York was one of the five largest states in terms of nuclear capacity and generation, accounting for approximately 5% of the national totals and Indian Point provided 39% of the state's nuclear capacity. In 2017, Indian Point generated approximately 10% of the state's electricity needs, and 25% of the electricity used in New York City and Westchester County. The New York Power Authority, which supplies the subway, airports, public schools, and housing in New York City and Westchester County, built Unit 3 but they stopped buying electricity from Indian Point in 2012. As a result, Entergy sold all of Indian Point's output into the NYISO-administered electric wholesale markets and into New England. New York state has among the highest average electricity prices in the United States. Fully half of the state's power demand is in the New York City area and about two-fifths of the state's generation originates there.

Refueling

Units 2 and 3 were each refueled on a two-year cycle. At the end of each fuel cycle, one unit was brought offline for refueling and maintenance activities. On March 2, 2015, Indian Point 3 was taken offline for 23 days to perform its refueling operations. Entergy invested $50,000,000 in the refueling and other related projects for Unit 3, of which $30,000,000 went to employee salaries. The unit was brought back online on March 25, 2015.

Economic impact

A June 2015 report by a lobby group called Nuclear Energy Institute found that the operation of Indian Point generates $1.3 billion of annual economic output in local counties, $1.6 billion statewide, and $2.5 billion across the United States. In 2014, Entergy paid $30,000,000 in state and local property taxes. The total tax revenue (direct and secondary) was nearly $340,000,000 to local, state, and federal governments. According to the Village of Buchanan budget for 2016–2017, a payment in lieu of taxes in the amount of 2.62 million dollars was received in 2015–2016, and was projected to be 2.62 million dollars in 2016–2017 – the majority of which can be assumed to come from the Indian Point Energy Center.

Over the last decade of its operation, the station maintained a capacity factor of greater than 93%. This was consistently higher than the nuclear industry average and than other forms of generation. The reliability helped offset the severe price volatility of other energy sources (e.g., natural gas) and the indeterminacy of renewable electricity sources (e.g., solar, wind).

Indian Point directly employed about 1,000 full-time workers. This employment created another 2,800 jobs in the five-county region, and 1,600 in other industries in New York, for a total of 5,400 in-state jobs. Additionally, another 5,300 indirect jobs were created out of state, creating a sum total of 10,700 jobs throughout the United States.

Closure of the plant was expected to create a $15,000,000 fund which will be split between "community and environmental" projects, with the Riverkeeper environmental group expecting to receive half, which is subject of a debate with the local community.

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