economy
Energy affordability demands an 'all of the above' strategy
On the banks of the Hudson River in Buchanan, New York, the Indian Point Energy Center once stood as one of the most important pieces of the state’s power grid. For decades, the facility consistently generated reliable electricity for millions of homes while supporting good-paying union jobs and providing critical tax revenue for local schools and municipalities in the Hudson Valley.
TL;DR
- The closure of the Indian Point Energy Center removed a major source of reliable power in New York, contributing to a 58% increase in electricity costs.
- An 'all of the above' energy strategy is essential to expand supply, build infrastructure, and ensure affordable and reliable electricity.
- Streamlining permitting processes and encouraging diverse energy investments are key to accelerating new energy development and strengthening the grid.
- Other states, like Michigan, are taking steps to reopen nuclear plants to improve energy reliability and lower costs.