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Entergy Can Operate Indian Point 3 Through License Renewal Process

Entergy can operate Indian Point 3 through license renewal process

Entergy (NYSE: ETR) has received notice from the U.S. Nuclear Regulatory Commission to continue operating Indian Point 3 in New York while pursuing its licensing renewal.

Indian Point Unit 3’s 40-year license would have expired December 12 had Entergy not applied for a license renewal eight years ago. Entergy can continue to operate the plant under the federal government’s “timely renewal” provision until the NRC makes a final determination on the renewal request. A final decision is not expected for several years.

Indian Point Unit 2 received a similar approval from NRC in September 2013. NRC staff has recommended that the licenses for both units be renewed for an additional 20 years, saying the plants can be operated safely and there are no environmental impacts.

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