“Synapse Energy Economics (Synapse) was engaged by Riverkeeper and the Natural Resources Defense Council (NRDC) to analyze replacement energy and capacity resources associated with the retirement of the Indian Point Energy Center (IPEC). This report provides such analysis. Synapse utilized the National Renewable Energy Laboratory (NREL) ReEDS (Regional Energy Deployment System) modeling system1 to estimate an economically optimal expansion of renewable energy resources in New York that would (i) meet Clean Energy Standard (CES) requirements; (ii) achieve required energy and capacity requirements with IPEC retired so as to maintain reliability, and (iii) track the energy production and capacity expansion costs of meeting all New York State requirements during the period 2016 to 2030.2 Using ReEDS modeling results, we estimated the 2016–2030 trajectories of energy generation by type and the related carbon dioxide (CO2) emissions in New York under IPEC retirement scenarios. We included energy and emissions both from in‐state generation and from imports. We separately accounted for the costs of existing capacity resources and the levels of energy efficiency assumed to materialize in New York in the CES order.3

In early January 2017, the Governor and the Attorney General of New York State, along with Riverkeeper, announced an agreement with Entergy for the closure of the IPEC facility.4 IPEC’s retirement will occur during the transition to greater use of renewable electricity production in New York State, and during a period of expected increased efficiency of electricity use. Analysis of the electricity requirements in New York in the absence of Indian Point must directly account for this planned transition, which is described in the New York Public Service Commission’s (NY PSC) orders and related documents on the Clean Energy Standard (upon which this report relies).”

To view the complete report, click the link below: