A Nuke Plant Is a Hard Thing to Replace
Indian Point Energy Center, in Buchanan, N.Y., on the banks of the Hudson River, is a two-unit nuclear power plant owned by Entergy (ETR). It was originally built by Con Edison (ED) to serve an energy-starved market, which included New York City. Today, Indian Point provides enough power to meet about 30% of the city's needs. However, some state officials want it retired and replaced with alternative sources. But those sources are impractical and elusive.
Indian Point is almost 30 years old. It will soon need to earn a license extension from the Nuclear Regulatory Commission (NRC) or else permanently retire. A license extension means the facility meets or exceeds all nuclear safety regulations. Since the facility's owners have been diligently updating and maintaining the plant's equipment, the NRC is likely to grant an extension....600 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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