Price-Anderson Act

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 ?
The article's authors pointed out that the Price-Anderson Act of 1957 limits the legal liability of the nuclear industry at $13.
161) One specific feature of the Price-Anderson Act is that it has been regularly revised at approximately ten years intervals.
Congress's attempt to answer that question is the Price-Anderson Act, a broad statute addressing claims by the victims of a major nuclear accident.
District Judge Audrey Fleissig, 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.
The American nuclear insurance industry, concerned about possible renewal of the Price-Anderson Act and tort claims from nuclear workers, is still receiving claims in connection with the 1979 accident at Three Mile Island.
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.
is addressed by the Price-Anderson Act (primarily Section 170 of the
DOE nuclear workers are protected under the Price-Anderson Act.