When a nuclear plant closes
Theresa Knickerbocker, the mayor of the village of Buchanan, N.Y., where the Indian Point nuclear power plant is located, is not happy. What has gotten Ms. Knickerbocker’s ire up is the fact that Indian Point’s Unit 2 was closed on April 30, and Unit 3 is scheduled to close in 2021. The village, population 2,300, is about 1.3 square miles total, with the Indian Point site comprising 240 acres along the Hudson River, 30 miles upstream of Manhattan. Unit 2 was a 1,028-MWe pressurized water reactor; Unit 3 is a 1,041-MWe PWR.
The nuclear plant provides the revenue for half of Buchanan’s annual $6-million budget, Knickerbocker told Nuclear News. That’s $3 million in tax revenues each year that eventually will go away. How will that revenue be replaced? Where will the replacement power come from?
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On August 27, Entergy announced that it plans to close the Vermont Yankee nuclear power plant in the fall of 2014, when the plant's current fuel is depleted. Entergy plans to decommission the plant using the SAFSTOR option, which consists of defueling, mothballing the plant for a period, then dismantling it by the end of 60 years. Entergy said that it is closing the plant because it is no longer projected to make money, considering the estimated future natural gas prices. Electric power generated by gas is now over 50 percent of the ISO-New England grid.
Vermont Yankee's annual NRC performance review for the previous calendar year was held May 23, in Brattleboro Union High School, within 10 miles of the plant. In previous years, annual reports and state meetings have been held here, and in the Vernon Elementary School, across the road from the plant. The town of Vernon stopped hosting plant-related events due to behavior of some attendees.