The Board of Directors of the Westchester County Association received a briefing from Bill Mohl, president of Entergy Wholesale Commodities (Entergy) regarding the milestone that Indian Point has reached in License Renewal, known as Period of Extended Operation.
Entergy Corp., which owns Indian Point, is seeking to relicense the plant’s two reactors for another 20 years. Indian Point’s unit 2 initial 40-year license period ended on September 28, 2013. The plants are allowed by federal law to continue to operate while the federal license review process continues.
Entergy applied for license renewal for its two operating plants at Indian Point in April 2007. Since purchasing Indian Point, Entergy has invested more than $1 billion upgrading and enhancing the facility and preparing the plants for continued safe operation during the 20-year period of a renewed operating license. The current relicensing is the lengthiest process of its kind in U.S. history. No plant has ever closed due to an expired license.
"We believe that Indian Point is a critical piece of NY’s energy infrastructure, generating a quarter of all the electricity consumed in Westchester and NYC," notes Bill Mooney, WCA president. "The economic and environmental air quality benefits of this major power station are clear and compelling. Absent Indian Point businesses and residents in this region will be saddled with higher power costs, a less reliable grid and dirtier air."
Bill Mohl made the following important points: “Businesses need to be able to count on stable power prices and a reliable electrical grid so that they can confidently plan their growth. We appreciate the County Association’s recognition of Indian Point as a clean, safe and important component of our state’s energy future, as well as the facility’s role as an economic engine for the region.”