The Manhattan Institute for Policy Research, a conservative think tank, released a new report on the impact of closing the Indian Point nuclear power plant.
From The Journal News’ Michael Risinit:
Closing the Indian Point nuclear power plant would not be “painless,” would require the development of more expensive energy sources and would force homeowners to pay up to $112 more a year for their electric bill, according to a report released today.
Those are among the conclusions in a 44-page study published by The Manhattan Institute’s Center for Energy Policy and the Environment that looks at the economic impacts of shutting down the two operating nuclear reactors in Buchanan. Federal licenses for the reactors are set to expire next year and in 2015 and opponents, who argue the plant’s production can be safely replaced and at low cost, have called for its closure.
Replacing Indian Point’s 2,000 megawatts of power by building new gas-fired generating plants in the region, constructing new high-voltage transmission lines, building wind- and solar-powered generators, reducing demand through conservation or a combination of those wouldn’t be cheap, today’s report says.
The Empire Center is hosting an event in New York City today to tout the report, featuring former Mayor Rudy Giuliani. You can watch it below at 1 p.m.