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Study: closing NY's Indian Point would be costly

A new report says ripple effects from closing New York's Indian Point nuclear plants could cost billions of dollars a year. WAMC's Dave Lucas has more.

The report from the fiscally conservative Manhattan Institute estimates a shutdown would add at least $76 to the average New York household's annual electric bill.

It says businesses and industries would pay much more, and as many as 40,000 jobs a year could be lost.

The report adds to a pile of studies that have reached varying conclusions on the value of Indian Point, 35 miles from Manhattan. Plant owner Entergy Nuclear is seeking 20-year license extensions.

Gov. Andrew Cuomo and several environmental groups oppose the new licenses.

The report says alternatives to Indian Point's nuclear power, such as new gas-fired plants and new transmission lines, would be costlier.

Copyright 2012 The Associated Press.

Dave Lucas is WAMC’s Capital Region Bureau Chief. Born and raised in Albany, he’s been involved in nearly every aspect of local radio since 1981. Before joining WAMC, Dave was a reporter and anchor at WGY in Schenectady. Prior to that he hosted talk shows on WYJB and WROW, including the 1999 series of overnight radio broadcasts tracking the JonBenet Ramsey murder case with a cast of callers and characters from all over the world via the internet. In 2012, Dave received a Communicator Award of Distinction for his WAMC news story "Fail: The NYS Flood Panel," which explores whether the damage from Hurricane Irene and Tropical Storm Lee could have been prevented or at least curbed. Dave began his radio career as a “morning personality” at WABY in Albany.