A new report by New York City’s Department of Environmental Protection suggests that not renewing the nuclear power plants licenses in 2015 and 2016 respectively would have significant impact on New York City.

The timing is interesting. Governor Andrew Cuomo, a long time opponent of Indian Point who has publicly called for its license not to be renewed, just today signed the new Article X power plant siting law streamlining the process for building new plants. The Governor has suggested that this legislation will help alleviate any loss in electricity from Indian Point.

The report was done by a Boston based firm. It looks at what would happen to the cost of energy, air quality, and the electrical grid if Indian Point was closed. The biggest impact seems to be on energy prices, which are expected to increase “measurably” if Indian Point closes.