New Yorkers get a nuclear New Year’s present

❝ Entergy Corp. has reached an agreement with New York officials to close the Indian Point nuclear power plant in 2021, bringing an end to a long-running dispute over the future of the reactors located just 25 miles north of New York City.

New York Governor Andrew Cuomo had pushed for years to close Indian Point because of what he says are radioactive risks it poses to the city. The company agreed to the shutdown as the plant struggled to compete with lower-cost energy sources, including natural gas and renewable energy. The closure completes Entergy’s exit from its merchant power business…

❝ Five nuclear plants have shut in the U.S. in the past five years with about 20 gigawatts of capacity expected to retire by 2040, according to the U.S. Energy Department. Cuomo has supported measures that would keep reactors in upstate New York operating despite lower power prices. Workers will get access to retraining, according to the statement…

Entergy will take a non-cash impairment charge of $1.5 billion after tax in the fourth quarter of 2016. In addition, the company said it will record additional charges of about $180 million related to severance and other employee expenses through 2021…

❝ Meanwhile, environmental groups praised the landmark deal led by Riverkeeper, which has filed legal challenges to Indian Point and was part of the negotiations with the state and Entergy.

Ordinary folks keeping to their principles, willing to commit to the long fight against one of the most entrenched segments of American capitalism – get themselves a victory.

You know, living in a society generally governed by ideologues maintained in office by an ignorant electorate, it’s easy to let cynicism overwhelm the optimism derived from science, a liberal knowledge base and confidence in history’s advances. Best to get the word out and about when a long hard struggle heads into a win.

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