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Price-Anderson Act
(redirected from Price-Anderson Act of 1957)

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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.
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The Price-Anderson Act of 1957 provides indemnity protection to the industry in the case of nuclear accident and establishes a no-fault insurance regime for compensation of public damages.
Determining the price of Price-Anderson: what is the cost of federal ... by Heyes, Anthony / Regulation
 
 
 
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