Last year, we wrote about New York State’s plans for replacing the 2,000 megawatts of electricity provided by Indian Point. As of March 2018, Indian Point is still slated to close in April of 2021. The New York State Independent System Operator (NYISO) will reassess the plant’s retirement plan later this year and will continue reassessing this plan regularly to ensure that the state’s electricity needs are met. At the time of the initial closure announcement, the replacement plan leaned heavily on increasing transmission capacity to New York City, particularly via the proposed Champlain Hudson Power Express. However, there were still some gaps between downstate’s power requirements and the total power available without Indian Point.
In December 2017, NYISO released an Indian Point retirement assessment report and concluded that downstate’s power requirements will be met, providing that three proposed power plant projects in New York and New Jersey are completed on time. The CPV Valley Energy Center will be a 680 MW natural gas-fueled combined cycle plant in Wawayanda, NY, opening later this year. The Cricket Valley Energy Center will be a 1,100 MW natural gas-fueled power plant in Dover, NY, and is slated to begin power generation in 2020. An additional 120 MW of capacity will be added in Bayonne, NJ. As of the end of 2017, NYISO has determined that all three of these projects must come online by 2021 in order for the Indian Point shutdown to go through. (more…)