Sunday, February 2, 2014

Senator Weighs Offering Legislation Ending Liability Limits for Nuclear Disasters -

Senator Bernard Sanders (I-Vt.) is considering introducing legislation this year that would overturn the federal law insulating the nuclear power industry from liability in the event of a catastrophe.
The effect could be to put energy companies -- rather than the federal government -- on the hook for any skyrocketing costs that might follow any future U.S. atomic-energy disaster.
Under the Price-Anderson Nuclear Industries Indemnity Act, which Congress first passed in 1957 and has since renewed several times, the liability of nuclear power plant operators in the event of a disaster is limited. The industry pays into an insurance account -- estimated to have a current value of $12 billion -- that is intended to underwrite such expenditures as hotel stays, lost wages and replacement of property for people affected by a nuclear power plant incident.
Absent an act of Congress placing additional liability on the companies, any costs that exceed the value of the insurance fund would have to be covered by the federal government using taxpayer dollars...

more > Senator Weighs Offering Legislation Ending Liability Limits for Nuclear Disasters -


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