Price-Anderson Act

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Price-Anderson Act

Legislation in the United States seeking to incentivize nuclear power by limiting the liability of nuclear plants in the event of an accident. Under the Act, the nuclear power industry is responsible for the first $10 billion of damages resulting from a spill or other accident, while the federal government is responsible for any losses exceeding that amount. It was passed in 1957 and has been renewed several times since.
References in periodicals archive ?
This release shall not bar property owners from recovering for actual physical radionuclide contamination of real property sufficient to permit recovery under the Price Anderson Act as is purportedly alleged in John James v.
The liability of the operator under the Price Anderson Act of the U.
The Price Anderson Act Enforcement Program has been critically acclaimed for its effectiveness by Congress, the U.