Saturday, December 20, 2014

Follow us:
Follow @NY1 on Twitter Follow NY1 News on Facebook Follow NY1 News on Google+ Subscribe to this news feed 


Report Says Closing Indian Point Plant Would Be Economic Disaster

  • Text size: + -
TWC News: Report Says Closing Indian Point Plant Would Be Economic Disaster
Play now

Time Warner Cable video customers:
Sign in with your TWC ID to access our video clips.

  To view our videos, you need to
enable JavaScript. Learn how.
install Adobe Flash 9 or above. Install now.

Then come back here and refresh the page.

A new report says closing the upstate Indian Point nuclear power plant would be an economic disaster.

Many have called for the closing of the Westchester County plant, saying an earthquake or tsunami nearby would prove more catastrophic than the recent Japanese nuclear disaster.

Many feel it's also vulnerable to a terrorist attack.

But a report released by the Manhattan Institute for Policy Research says closing the plant would mean losing as many as 40,000 jobs a year.

It would also drastically increase the price New Yorkers pay for electricity.

Speaking at the Princeton Club in Manhattan, former Mayor Rudy Giuliani said the plant is secure and closing it would be devastating to New York.

"It'd be a disaster," Giuliani said. "I think Mayor Bloomberg would say exactly the same thing. The chances of rolling blackouts to the city would be real. The chance of a major blackout to the city would be increased. The cost to this region would be catastrophic."

The plant sits about 30 miles north of Manhattan.

Licenses for Indian Point's reactors are set to expire in 2013 and 2015. ClientIP:,, UserAgent: CCBot/2.0 ( Profile: TWCSAMLSP