Retroactive insurance may fund TMI-2 cleanup

Journal Article · Sun Mar 01 04:00:00 EST 1981 · Electr. Light Power; (United States)

OSTI ID:6612169

A Pennsylvania task force recommended that nuclear utilities insure their plants with a mandatory national property insurance program. The proposed Nuclear Powerplant Property Damage Insurance Act of 1981 will cover the cleanup costs of onsite damage in excess of $350 million for a single accident ($50 million when private insurance is added on) and a ceiling of two billion dollars. Participation in the insurance pool would be in conjunction with licensing and would permit no grandfathering. Total payout for Three Mile Island-2 would cover 75% of the cleanup costs, the remainder to be apportioned among other parties. The insurance pool will have a $750 million goal supported by utility premiums. (DCK)

• OSTI ID: 6612169
• Journal Information: Electr. Light Power; (United States), Journal Name: Electr. Light Power; (United States) Vol. 59:3; ISSN ELLPA
• Country of Publication: United States
• Language: English

Related Subjects

22 GENERAL STUDIES OF NUCLEAR REACTORS
220901* -- Nuclear Reactor Technology-- Reactor Safety-- Accident Liability
29 ENERGY PLANNING, POLICY, AND ECONOMY
290600 -- Energy Planning & Policy-- Nuclear Energy
ACCIDENTS
CIVIL LIABILITY
CLEANING
DECONTAMINATION
ENRICHED URANIUM REACTORS
INSURANCE
LEGAL INCENTIVES
LIABILITIES
NUCLEAR INSURANCE
POWER REACTORS
PWR TYPE REACTORS
REACTOR ACCIDENTS
REACTORS
THERMAL REACTORS
THREE MILE ISLAND-2 REACTOR
WATER COOLED REACTORS
WATER MODERATED REACTORS