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Nuclear power, LLC

Nuclear power, LLC
This potent form of energy wouldn’t be feasible without the law that limits plant owners’ liability. We should keep that in mind amid calls for expansion.Star Tribune By KENNETH ZAPPLast update: September 15 2008

Republicans, from John McCain to congressional candidates, claim that nuclear power is safe and should be expanded in order to solve the energy crisis. But nuclear power would be impossible without the Price-Anderson Act, which shields nuclear power plant owners from free-market forces.

Specifically, the law caps the amount of insurance a nuclear plant owner must carry and limits the liability the owner would face in case of catastrophic accident or terrorist attack………………………………..Without the protections of the Price-Anderson Act, owners of nuclear power plants could not afford to purchase enough insurance to cover the full range of risks associated with their operations. If nuclear power were safe, private companies would not need the government to protect them from the risks……………………………Any claim that nuclear power is safe should be subject to two simple tests. Will insurance companies write policies to cover the full range of possible disasters? Will any local government accept the waste from nuclear power plants?

Nuclear power, LLC

Tags: nuclear, antinuclear, uranium, radioactive

September 16, 2008 - Posted by Christina Macpherson | business and costs