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)
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:
- Edward Hummel, Philadelphia Regional Office, t: (215) 316-2124, e: ehummel@eda.gov
Economic Development District
Nuclear Regulatory Commission Contact
- Diane Screnci, Sr. Public Affairs Officer, t: (610) 337-5330, e: diane.screnci@nrc.gov
- Indian Point Unit 2, Indian Point Unit 3
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 info@decommissioningcollaborative.org.
Additional Information
New York sues federal nuclear agency over decommissioning of Indian Point plant
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 James […]
N.Y. Law Spotlights Lost Nuclear Plant Tax Revenue Nationally
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 […]
First-in-the-nation tax on spent nuclear fuel aimed at helping Indian Point communities
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.
Gillibrand files nuclear bill amendment to prevent nuclear license transfer during pending adjudication
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 […]
NRC approves transfer of Indian Point units to Holtec
NRC approves transfer of Indian Point units to Holtec – Mid Hudson News BUCHANAN – The US Nuclear Regulatory Commission, Monday, approved the application to transfer the licenses for the Indian Point nuclear power plants in Buchanan to Holtec International for prompt decommissioning. The transfer of the Indian Point units one, two and three are […]
Nuclear Regulatory Commission staff approves Indian Point sale to Holtec
Nuclear Regulatory Commission staff approves Indian Point sale to Holtec The Nuclear Regulatory Commission’s staff has approved the sale of the Indian Point nuclear power plant to Holtec, despite the objections of New York state officials who fear the New Jersey firm does not have the financial backing to finish a teardown of the plant.
Assemblywoman Galef Calls For Public Meeting About Indian Point Decommissioning Process
https://riverjournalonline.com/business/assemblywoman-galef-calls-for-public-meeting-about-indian-point-decommissioning-process/22033/
Massachusetts drops challenge of nuclear power plant sale in deal that could hint at Indian Point’s future
Massachusetts drops challenge of nuclear power plant sale in deal that could hint at Indian Point’s future The New Jersey company with a deal to buy the Indian Point nuclear power plant has settled a legal dispute with Massachusetts by agreeing to put $193 million in reserve while it tears down a nuclear power plant […]
Harckham and Galef Win Support for Indian Pt. Jobs, Local Revenue
Harckham and Galef Win Support for Indian Pt. Jobs, Local Revenue New York State Senator Pete Harckham and Assemblywoman Sandy Galef won strong support today for workforce protections and local municipalities and taxpayers while the Indian Point Energy Center undergoes its decommissioning process, as three important bills passed in the Senate were approved today in […]