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District Judge Audrey Fleissig, sitting in the Eastern District of Missouri, found that prior cases interpreting the Price-Anderson Act (42 U.
Price-Anderson Act lends itself to interesting observations.
The US had to draft the Price-Anderson act to protect the industry from large-scale nuclear accidents.
Much of that is due to the structure of the 51-year-old Price-Anderson Act, the federal law governing liability for the U.
In 1954, the Atomic Energy Act Amendments created a licensing system for private nuclear power operators, and in 1957, Congress passed the Price-Anderson Act, which indemnifies private operators in the event of a nuclear accident.
DOE nuclear workers are protected under the Price-Anderson Act.
The government also enacted the Price-Anderson Act of 1957, requiring nuclear power operators to carry the maximum insurance offered by private insurance companies but also limiting their liability--a stipulation demanded by the utility companies before they would invest in building nuclear power plants.
Instead, the 1957 Price-Anderson Act provides an umbrella of insurance protection.
7 billion in operating aid (including re-authorization of the Price-Anderson Act, which limits the industry's liability in event of an accident), and $1.
To ensure that funds would be available to settle liability claims in such cases, the Price-Anderson Act requires licensees for these plants to have primary insurance--currently $300 million per site.
For electric production, liability for damages to the general public from nuclear accidents is controlled by the Price-Anderson Act, an important system that is the basic financial responsibility funding mechanism for all U.