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Nuclear energy and Price Anderson Act – too risky for insurance companies – just too dangerous

Should the U.S. Revive Nuclear Energy?, NYT Len Charlap, 10 Apr 19, Princeton, N.J.  I will support nuclear power the day after the Price-Anderson Nuclear Industries Indemnity Act is repealed. If insurance company actuaries consider nuclear power to be so dangerous that they cannot compute premiums that the industry can afford, then that industry is not economically viable. If the government (i.e., taxpayers) has to cover the industry with catastrophic insurance, then the government should own the reactors and provide nonprofit energy.

We were lucky at Three Mile Island. We were minutes away from a complete meltdown that given the plant’s location would have killed thousands and done billions in damage. Investigations of Three Mile Island showed that, like the Deepwater Horizon disaster, extremely dangerous processes cannot be allowed to remain in control of people whose first responsibility is profit or return to shareholders….

April 11, 2019 - Posted by | safety, USA

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