IPEC meaning in Governmental ?

Answer:

What is Indian Point Energy Center mean?

Indian Point Energy Center (I.P.E.C.) was a three-unit nuclear power plant station located in Buchanan, just south of Peekskill, in Westchester County, state of New York. It sits on the east bank of the Hudson River, about 36 miles (58 km) north of Midtown Manhattan. The facility has permanently ceased power operations as of April 30, 2021. Before its closure, the station's two operating reactors generated about 2,000 megawatts (MWe) of electrical power, about 25% of New York City's usage. The station is owned by Holtec International, and consists of three permanently deactivated reactors, Indian Point Units 1, 2, and 3. Units 2 and 3 were Westinghouse pressurized water reactors. Entergy purchased Units 1 and 2 from Consolidated Edison in 2001 and Unit 3 from the New York Power Authority in 2000.

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, due to a number of factors including sustained low wholesale energy prices that reduced revenues, as well as pressure from local environmental groups and New York State Governor Andrew Cuomo, it was announced that the plant would shut down by 2021. The plant permanently stopped generating energy on April 30, 2021. About 1,000 employees were expected to lose their jobs as a result of the shutdown. The plant's capacity was replaced by fossil gas.

As a result of the permanent shutdown of the plant, three new natural-gas fired power plants: Bayonne Energy Center, CPV Valley Energy Center, and Cricket Valley Energy Center were built, with a total capacity of 1.8 GW, to replace the 2.0 GW of carbon-free electricity previously generated by the plant. As a consequence, New York is expected to struggle to meet its climate goals.

Unit 3 currently holds the world record for the longest uninterrupted operating period for a light water commercial power reactor. This record is 753 days of continuous operation, and was set on April 30, 2021 for the operating cycle beginning on April 9, 2019. Unit 3 operated at or near full output capacity for the entire length of the cycle. This record was previously held by Exelon's LaSalle Unit 1 with a record of 739 continuous days, set in 2006.

reference

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