Alternatives to the Indian Point Energy Center for Meeting New York Electric Power Needs (2006) / Chapter Skim
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4 Institutional Considerations and Changing Impacts
4 Institutional Considerations and Changing Impacts
Pages 44-58
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From page 44... ...
run these new markets and to control the operation of all power plants in the New York Control Area. Unlike the gen eration components of the industry, the transmission and disThe New York State Electricity Market tribution components continued to be regulated by the New The impact of the replaced costs of the Indian Point units York Public Service Commission (NYPSC)
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From page 45... ...
The reason is that the new efficient units displace some The average wholesale price of electricity in New York Control generation from existing units that are more expensive to operate, and Area Zone H was $80 per MWh in 2005 (when the price of natural gas the more efficient units set the market price more frequently. was substantially higher than historical levels)
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From page 46... ...
. New capacity that is built in tion in the current market structure is that the wholesale price of elec- zones other than J and K will incur relatively low costs in the ICAP and tricity is only one of the components of the total cost.
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From page 47... ...
That setting locational requirements for generating capacity in New York City and Long Island is an acceptable 3System security planning using the so-called N-1 analysis for genera 2The assumptions follow from NYISO comprehensive reliability plan- tion and transmission failure could be applied as an alternative planning ning and the NERC reliability criteria (NYISO, 2005)
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From page 48... ...
Investors face "regulatory risk" due to conother hand, the extra earnings from the ICAP market are cerns that current market rules may be changed in the future, really a bonus for other generating units, such as nuclear and as they were after the energy crisis of 2000 and 2001 in Calihydro units, because these units would be available anyway fornia, as well as competitive risk. Risk increases the finanwithout the ICAP market.
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From page 49... ...
Five of units and, coupled with the current uncertainty about the fu- the nine projects (2,430 MW) with applications approved or ture prices of fossil fuels such as natural gas, has led to de- pending had proposed in-service dates no later than 2007.
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This board consisted of the chair of the tions used to specify this scenario are discussed in detail in New York Public Service Commission, the chair of the New Chapter 5 of this report. York State Energy Research and Development Authority (NYSERDA)
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In normal operation, In addition, the committee suggests consideration of the nuclear power plants such as those at Indian Point emit very reauthorization of Article 6 of New York's energy law, for little air pollution. Large releases of radionuclides might ocstatewide energy planning, that expired on January 1, 2003.6 cur as the result of an accident or attack (Farrell, 2004b)
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From page 52... ...
However, emissions of all of these pollutants are sufficiently Nitrogen oxides and SO2 contribute not only to local islow from gas turbines or can be controlled sufficiently well sues, but also to larger-scale (regional) environmental probso that it is quite feasible to obtain air quality permits which lems of tropospheric ozone, fine particulate matter (PM2.5)
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From page 53... ...
Nonetheless, because haps beyond. These are the natural gas combined cycle the emissions of specific sources are not directly controlled (NGCC)
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. Small-scale generators (used for distributed generaers; the water is returned to the river somewhat warmer tion and combined heat and power)
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Nuclear Natural Gas Coal Integrated Gasification Plant Combined-Cycle Plant Combined-Cycle Plant Capacity (MW) 2,158 2,428 2,428 Capacity factor 0.9 0.8 0.8 Generation (MWh)
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From page 56... ...
Instead, plants nuclear technologies; others cannot. are built to be competitive in the marketplace, as embodied in the New York State Energy Plan, which describes competition as being in the public interest, as discussed earlier in Socioeconomic Factors Including Indirect Costs this chapter.11 to the Public As discussed in Chapter 1, safety is a primary concern for The direct-cost projections, as exemplified in the scemany people living near Indian Point.
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From page 57... ...
Natural gas of Continental-Scale Meso-Agro-Plexes, Regional Ozone Pollution, and is likely to be the main fuel for replacement generating ca- World Food Production." Science 264(5155)
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From page 58... ...
pire State. Albany, N.Y.: New York State Energy Research and Devel- Washington, D.C.
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