Indian Point Energy Center Announcement January 09, 2017
IPEC Shutdown: Key Factors Revenues Operational Costs License Renewal Opposition and Costs 1
Key Factors: Power Market Prices (Currently at Record Low) Every $10/MWh in Price = ~ $160M/yr in Revenue Zone G Energy Prices $/MWh 90 Winter 2014 Polar Vortex 60 Historical Spot Prices Forward 30 Market Today 2016: ~$28/MWh Record Low 0 2005 2010 2015 2020 2
Key Factors: Gas and Power Futures – Continued Decline Henry Hub Gas Futures Prices Zone G Forward Power Prices $/MMBtu $/MWh 60 2017 5.5 2017 2018 2018 2019 2019 5.0 2020 2020 2021 2021 50 4.5 4.0 40 3.5 3.0 2.5 30 Jun-14 Sep-14 Dec-14 Mar-15 Jun-15 Sep-15 Dec-15 Mar-16 Jun-16 Sep-16 Dec-16 Jun-14 Sep-14 Dec-14 Mar-15 Jun-15 Sep-15 Dec-15 Mar-16 Jun-16 Sep-16 Dec-16 3 Source: ABB Velocity Suite for HH, Platts for Zone G
Key Factors: Increased Operating Costs U.S. Nuclear Plant Operating Costs; $/MWh 55 Nuclear cost escalation exceeds Inflation 45 35 25 2008 2009 2010 2011 2012 2013 2014 2015 Source: Nuclear Energy Institute 4
Key Factors: License Renewal No. of Days for license renewal 4000 3500 3000 Indian Point 2500 All US Plants 2000 NYS (minus IPEC) 1500 1000 500 0 Plant 5
Plant Operational Performance 5
Indian Point Energy Center Announcement January 09, 2017
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