Indian Point 2 & 3

Basic Facts:

  • Location: Buchanan, New York
  • Owner: Holtec
  • Operator: Holtec Decommissioning International
  • Construction Cost: $3B (2018$)
  • Plant Output: 2,060 MW (Combined)
  • Property Size: 240 acres
  • Status: DECON
  • Employees: 1,000
  • Current DTF Balance: $1.3B (2018$)
  • DTF Balance Prior to Decommissioning: $1.4B (2018$)
  • Decommissioning Cost Estimate: $1.0B (2018$)
  • Spent Nuclear Fuel on Site: 1,446 metric tons (Units 1 & 2)
Indian Point Photojpg

Background

The Indian Point nuclear power station consists of two pressurized water reactors. Construction began in 1966 (Unit 2) and 1968 (Unit 3) with licensed operations commencing in 1974 and 1976 respectively.

In 1973 (Unit 2) and 1975 (Unit 3), the NRC granted Indian Point a forty-year operating license for both units. In 2017, Entergy and the State of New York reached a settlement governing the closure of Indian Point in 2020-2021. Updates from the Indian Point Closure Task Force can be found here.

Socioeconomics

The Indian Point nuclear power plant is located within Westchester County, New York. As of 2016, socioeconomic information is as follows:

  • Population: 980,000
  • Per Capita Annual Income: $102,000
  • Unemployment rate (not seasonally adjusted): 3.6%

The Indian Point Energy Center employs approximately 1,000 workers with annual payroll totaling $140M. The plant contributes approximately $75M in annual property taxes.

Contact Information

Economic Development Administration Representative:

Economic Development District

Nuclear Regulatory Commission Contact

Unless specific costing information has been provided, decommissioning costs were derived from 2017 Decommissioning Funding Status Report.
Information herein obtained from public sources. Corrections are welcome and may be directed to [email protected].

Additional Information

Westchester County Executive George Latimer Statement to PSC Hearing on Indian Point Transfer to Holtec

March 1, 2021

Westchester County Executive George Latimer Statement to PSC Hearing on Indian Point Transfer to Holtec“Westchester County urges the PSC to exercise its authority to protect the public interest and assure that the decommissioning process is adequately funded and carried out safely and successfully with restoration of the Indian Point site to an environmentally sound condition […]

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NYS PSC Hearings On Indian Point License Transfer Draw Numerous Comments

February 25, 2021

NYS PSC Hearings On Indian Point License Transfer Draw Numerous Comments The New York state Public Service Commission held two virtual public hearings Tuesday on the proposed license transfer for the Indian Point nuclear power plant. The hearings are to help determine whether the PSC should exercise jurisdiction over the proposed transfer. The plant in […]

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Public hearing set to give neighbors space to voice concerns on Indian Point decommissioning

February 23, 2021

Public hearing set to give neighbors space to voice concerns on Indian Point decommissioning Northern Westchester residents will get to voice their concerns Tuesday during a public hearing about the company set to decommission Indian Point. The clock is ticking as the power plant is set to shut down for good at the end of […]

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As Indian Point Shutdown Nears, Entergy Posts Layoff Warning

February 17, 2021

As Indian Point Shutdown Nears, Entergy Posts Layoff Warning CORTLANDT, NY – With the final shutdown for Indian Point coming in April, Entergy has filed a notice with the New York State Labor Department about the imminent layoff of 308 employees. The layoff date is May 20, according to the notice, and covers all 308 […]

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As Entergy Eyes the Exit, Cortlandt Eyes the Exit Fees

February 12, 2021

As Entergy Eyes the Exit, Cortlandt Eyes the Exit Fees Since 1962, the Indian Point Energy Center in Buchanan has been a familiar sight to residents of Westchester’s River Towns. In 2017, it was decided that the power plant’s time along the Hudson River would come to an end after nearly 60 years.

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Top state officials blast NRC over Indian Point ruling

January 24, 2021

Top state officials blast NRC over Indian Point ruling – Mid Hudson News ALBANY – The Nuclear Regulatory Commission has denied the state’s request for a hearing on decommissioning of the Indian Point nuclear power plants in Buchanan and that is “unacceptable and a blatant disregard of the state’s serious concerns,” Governor Cuomo said Friday. […]

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New York sues federal nuclear agency over decommissioning of Indian Point plant

January 24, 2021

New York sues federal nuclear agency over decommissioning of Indian Point plant (The Center Square) – The state of New York on Friday filed a lawsuit against the U.S. Nuclear Regulatory Commission after the federal agency denied the state a hearing over the decommission plan for the Indian Point nuclear power plant, Attorney General Letitia […]

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N.Y. Law Spotlights Lost Nuclear Plant Tax Revenue Nationally

January 12, 2021

N.Y. Law Spotlights Lost Nuclear Plant Tax Revenue Nationally Towns and cities across the country face the major loss of property taxes as nuclear power plants in their borders are shut down. They may be able to make up some of the loss, however, by taxing the nuclear waste storage property that still sits on […]

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First-in-the-nation tax on spent nuclear fuel aimed at helping Indian Point communities

January 5, 2021

First-in-the-nation tax on spent nuclear fuel aimed at helping Indian Point communities Gov. Andrew Cuomo has signed first-in-the-nation legislation giving the communities around Indian Point the ability to collect taxes on the spent nuclear fuel that will be left behind when the power plant shuts down in April.

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Gillibrand files nuclear bill amendment to prevent nuclear license transfer during pending adjudication

December 6, 2020

Gillibrand files nuclear bill amendment to prevent nuclear license transfer during pending adjudication – Mid Hudson News WASHINGTON – U.S. Senator Kirsten Gillibrand, member of the Senate Committee on Environment and Public Works, filed an amendment to the American Nuclear Infrastructure Act of 2020 on Friday that would prevent the Nuclear Regulatory Commission from approving […]

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