Nuclear energy is having an economic meltdown. Entergy, a $13 billion company, just agreed to close a plant 30 miles north of New York City, blaming the low cost of natural gas. More operators are bound to follow suit. The Indian Point site has generated controversy for decades. A lightning strike at a nearby power substation triggered a Big Apple blackout in 1977. After the Sept. 11 attacks, fears grew that Indian Point could be a target. The partial meltdown of the Fukushima Daiichi plant in Japan ended any political support. New York Governor Andrew Cuomo insisted there was no way to evacuate 17 million people who live in the vicinity.
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.