By Editors of Power Engineering
The move to close the Indian Point nuclear plant will not cause any problems in grid reliability, provided more gas-fired resources come online as planned, NYISO concluded.
The 1,299-MW unit 2 is scheduled for deactivation on April 30, 2020, with the 1,012-MW unit 3 set for deactivation exactly one year later, Platts reported.
Currently, Indian Point provides 25 percent of the electricity used by New York City and Westchester County.
New generation set to come online before the closure include the 120-MW Bayonne gas and oil simple cycle uprate, the 678-MW CPV Valley combined-cycle gas plant and the 1,020-MW Cricket Valley combined-cycle gas plant.
Entergy and New York Governor Andrew Cuomo agreed to shut down Indian Point, with New York State agreeing to drop legal challenges in exchange.
Entergy noted that low energy prices, lower power generation costs for other sources and increased operating costs, including $200 million already invested for license renewal, contributed to the decision.