Indian Point Energy Center Stocks List
Related Industries: Electric Utilities Other Utilities - Diversified
Related ETFs - A few ETFs which own one or more of the above listed Indian Point Energy Center stocks.
Symbol | Grade | Name | Weight | |
---|---|---|---|---|
TPMN | A | The Timothy Plan Timothy Plan Market Neutral ETF | 8.75 | |
UTES | A | Reaves Utilities ETF | 4.74 | |
BAMD | A | Brookstone Dividend Stock ETF | 3.83 | |
FXU | A | First Trust Utilities AlphaDEX Fund | 3.73 | |
RSPU | A | Invesco S&P 500 Equal Weight Utilities ETF | 3.65 |
Compare ETFs
- Indian Point Energy Center
Indian Point Energy Center (IPEC) is a three-unit nuclear power plant station located in Buchanan, New York, just south of Peekskill. It sits on the east bank of the Hudson River, about 36 miles (58 km) north of Midtown Manhattan. The plant generates over 2,000 megawatts (MWe) of electrical power. For reference, the record peak energy consumption of New York City and Westchester County (the ConEdison Service Territory) was set during a seven-day heat wave on July 19, 2013, at 13,322 megawatts. Electrical energy consumption varies greatly with time of day and season.The plant is owned and operated by Entergy Nuclear Northeast, a subsidiary of Entergy Corporation, and includes two operating Westinghouse pressurized water reactors—designated "Indian Point 2" and "Indian Point 3"—which Entergy bought from Consolidated Edison and the New York Power Authority respectively. The facility also contains the permanently shut-down Indian Point Unit 1 reactor. As of 2015, the number of permanent jobs at the Buchanan plant is approximately 1,000.
The original 40-year operating licenses for units 2 and 3 expired in September 2013 and December 2015, respectively. Entergy had applied for license extensions and the Nuclear Regulatory Commission (NRC) was moving toward granting a twenty-year extension for each reactor. However, after pressure from local environmental groups and New York governor Andrew Cuomo, it was announced that the plant is scheduled to be shut down by 2021. Local groups had cited increasingly frequent issues with the aging units, ongoing environmental releases, and the proximity of the plant to New York City.
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