|
The Price-Anderson Act sets a limit on liability of $9.4 billion for nuclear accidents. Reactor owners are responsible for providing on and offsite damage insurance for nuclear accidents up to the $9.4 billion limit. Over 98% of the $9.4 billion is in a self-insurance pool where reactor owners don't make any premium payments until a major nuclear accident takes place. This is like a homeowner's insurance policy that doesn't require premium payments until the house burns down. The House has recently passed a reauthorization without a recorded vote to prevent the public from knowing how each Congressional member would have voted. A major battle in the Senate is forming over Price-Anderson. Major issues involving Price-Anderson include:
Download "Financial Insecurity" The Increasing Use of Limited Liability Companies and Multi-Tiered Holding Companies to Own Nuclear Power Plants |
|
|||
