Arthur “Jerry” Kremer, Crain's New York Business
Summary
New York City is about to lose 25% of its electricity and yet little consideration is being given to a direct solution: build more power plants within the five boroughs.
With the Indian Point nuclear plant set to close in 2021, taking with it a quarter of the city’s power, the clock is ticking for replacement power. A new 24/7 baseload power plant would need to be powered by natural gas. Other baseload sources—nuclear, coal, and hydro—are not economically viable in the city.
Wind and solar can only produce power intermittently, typically less than 30% of the time. In fact, after much attention and nurturing in recent years, wind and solar today produce less than 3% of New York state’s power.
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