Nuclear regulation

Technical Report · Fri Jan 01 04:00:00 EST 1988

OSTI ID:6105111

The Price-Anderson Act encourages private industry development of nuclear energy. It establishes a source of funds to compensate personal injury and property damage from a nuclear accident and limits the liability of private industry for such accidents. The indemnity provisions of the act, which allow the Nuclear Regulatory Commission and the Department of Energy to enter into new indemnity agreements and set the liability limits, expire in August 1987. GAO believes that the act's indemnity authority should be extended and that its liability protection is too low to provide reasonable compensation for the worst nuclear plant accident. The financial consequences of a catastrophic accident at 115 of 119 plants could far exceed the liability limit. The act covers all off-site accident damages resulting from the release of radioactive material. However, it does not clearly state whether the costs for a precautionary evacuation are covered when a release appears imminent but does not actually occur.

• Research Organization: General Accounting Office, Washington, DC (USA). Resources, Community and Economic Development Div.
• OSTI ID: 6105111
• Report Number(s): GAO/RCED-87-124
• Country of Publication: United States
• Language: English

Related Subjects

29 ENERGY PLANNING, POLICY, AND ECONOMY
290300 -- Energy Planning & Policy-- Environment
Health
& Safety
290600* -- Energy Planning & Policy-- Nuclear Energy
293000 -- Energy Planning & Policy-- Policy
Legislation
& Regulation
ACCIDENTS
EMERGENCY PLANS
LEGISLATION
LIABILITIES
NATIONAL ORGANIZATIONS
PUBLIC POLICY
REACTOR ACCIDENTS
US DOE
US GAO
US NRC
US ORGANIZATIONS
VICTIMS COMPENSATION