New York may soon decommission the four-decade-old Indian Point nuclear plant, a deteriorating 2-GW power station that supplies 25% of New York City’s electricity.
Some experts claim that closing the plant could de-stabilize supply, thus requiring a time-consuming build-out of centralized power plants and new transmission that will drive up rates. The reality, however, is quite different.
The NY Times reported on the predicament yesterday:
Up to 2.1 million customers in southern New York would be vulnerable to power interruptions from 2016 to 2020 if Indian Point shut down, Rick Gonzales, chief operating officer of the New York Independent System Operator, or I.S.O., told a State Senate committee in May.
Some experts on New York’s electricity system suggest that existing transmission lines could be rebuilt to operate at higher voltage and thus provide more capacity. A proposal for a new line running from Quebec to New York City under Lake Champlain and the Hudson River is inching forward, for example, and sponsors say it could be completed by 2015.
Talk about a lack of imagination. We’re in the middle of a rapid shift in the economics of distributed energy and energy efficiency – with a shut-down of the plant ...