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EMD-81-3 1 (1980-11-07)

handle is hein.gao/gaobabbhh0001 and id is 1 raw text is: & REP,,,ORT BY THE Comptroller General RELEASED OF THE UNITED STATES Economic Impact Of Closing The Indian Point Nuclear Facility ie close proximity of the Indian Point nu- ar plant to the heavily populated New k City area has raised questions about the fety of its continued operations. What could the economic impact on the utility owners d consumers if the nuclear plant were closed wn? C osing the Indian Point plant would not im- rr ediately affect power supplies in the New Y )rk City area under normal operating con- d tions. Failure to complete planned con- st~uction projects on schedule, however, could jeopardize reliable power supplies in tile future. With oil-fired generation as the only major urce of replacement power, the loss of I dian Point could increase annual oil con- stimption in New York by about 20 million birrels in the first year and add more than $300 million a year to consumers' already h gh energy bills. Programs already in existence to reduce oil usage and consumer costs would take on added significance with the loss of the nuclear units. doordinated, expeditious efforts by the util- ilies and State and Federal agencies would be required to avoid potentially serious problems. 6v S2-14 (a!1 ~OU~ ~AZ7(o. 0- 113928 EMD-81-3 NOVEMBER 7, 1980 113q U'

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