Price-Anderson Act makes taxpayer liable for nuclear power risks

The Price-Anderson bill is the one that caps the nuclear industry’s liability and makes us (that’d be you) liable for the rest

(USA) Excuse Me, But That Nuclear Plant Has Its Hand On Your Wallet, San Francisco Chronicle : Gerald Sindell 18 Feb 2010 “……..if you dig out your handy guide to the laws of the United States you’ll find something called the Price-Anderson Act, a temporary measure passed in 1957 to help the nuclear industry get going. Atoms for Peace and all that.

The Price-Anderson bill is the one that caps the nuclear industry’s liability and makes us (that’d be you) liable for the rest.Without your gracious offer to cover the potential damage from every nuclear plant in the country, there wouldn’t have been any nuclear plants in the first place.

Imagine removing Price-Anderson. The nuclear industry would need to buy some real insurance and the cost of insurance gets included in the cost of a nuclear watt. Then we would see how the market forces treat the real cost of new nuclear plants.

City Brights: Gerald Sindell : Excuse Me, But That Nuclear Plant Has Its Hand On Your Wallet