Buchanan, NY - Entergy today has
submitted a proposal to provide 1,375 megawatts of competitively priced
electricity from Indian Point Energy Center, beginning in 2016, in response to a
request for proposals by the New York Power Authority. Entergy’s proposal
requires no public subsidies, which will likely distinguish its proposal from
other RFP responses that will seek such subsidies.
“The Indian Point power will save New
York consumers billions of dollars in unnecessary expenditures in the form of
higher electric rates and public subsidies,” said Mike Twomey, vice president of
external affairs for Entergy Wholesale Commodities. “This is critical given that
New Yorkers already bear among the highest residential electric rates in the
To best serve the interests of New
York consumers, and to help protect them from unnecessary expenditures, Entergy
proposes to provide NYPA with long-term power from Indian Point, building on the
positive commercial relationship NYPA and Entergy have enjoyed for more than a
Continuing to rely on power from
Indian Point also would potentially avoid a 15% increase in carbon emissions and
roughly a 7 to 8% increase in nitrogen oxide emissions.
Entergy is committed to meeting the
NRC’s requirements to secure license renewals for Indian Point. In recent years,
Entergy affiliates have successfully obtained renewed operating licenses for
three other merchant nuclear facilities located in the Northeast, including the
James A. FitzPatrick facility in upstate New York. This proven track record
demonstrates Entergy’s commitment to safe and reliable operation of its
facilities. Since purchasing Indian Point more than 10 years ago, Entergy has
invested more than $1 billion to improve and maintain these facilities.
Entergy Corporation, which celebrates
its 100th birthday this year, is an integrated energy company engaged primarily
in electric power production and retail distribution operations.
Entergy owns and operates power
plants with approximately 30,000 megawatts of electric generating capacity,
including more than 10,000 megawatts of nuclear power, making it one of the
nation’s leading nuclear generators. Entergy delivers electricity to 2.8 million
utility customers in Arkansas, Louisiana, Mississippi and Texas. Entergy has
annual revenues of more than $10 billion and approximately 15,000 employees.
Entergy’s online address is www.entergy.com
Indian Point Energy Center’s online address is