July 1, 2025
New York Reverses Course on Nuclear Power
Citing the costly fallout from closing Indian Point, Gov. Kathy Hochul announces plans for a new nuclear plant—just as a Wall Street Journal editorial highlights a FREOPP report on the consequences of the shutdown.
Andrew Cuomo’s decision to shut down the Indian Point nuclear plant continues to cast a shadow, as New York now moves to build a new nuclear facility. Gov. Kathy Hochul announced the state will develop a new plant to help power about 5% of households, hoping to reverse the energy shortfall Cuomo created. A study last year by FREOPP’s Grant Dever shows Indian Point’s closure cost New Yorkers $304 million in higher electricity bills in 2022 and significantly increased CO2 emissions. The move away from nuclear left the city more reliant on dirtier, costlier energy sources.
From the WSJ:
“Shutting down Indian Point led to New Yorkers paying an extra $304 million in electricity costs in 2022,” says Grant Dever in a study for the Foundation for Research on Equal Opportunity. The plant supplied about 25% of New York City’s power, and shutting it off increased dependence on costlier plants that handle excess demand. The switch to other power sources also increased CO2 emissions by as much as eight megatons a year.
Read Grant’s report that predicted this scenario, Autopsy of a Perfect Policy Failure: The Closure of Indian Point
