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The Price - Anderson Act [1957] - Mason Pew


The Price – Anderson Act was basically put in place to make sure there was a pool of funds to cover anyone who could be affected by a nuclear or radiological incident.


The Price Anderson Act is a law that was passed in 1957, and since renewed several times, which governs liability-related issues for all non-military nuclear facilities built in the United States. The main purpose of the Act is to partially indemnify the nuclear industry against liability claims arising from nuclear incidents while still ensuring compensation coverage for the general public. The Act establishes a no fault insurance-type system in which the first $10 billion is industry-funded as described in the Act (any claims above the $10 billion would be covered by the federal government).

calvert_cliffs.jpg

Calvert Cliffs Nuclear Power Plant

Citation Station:http://www.ans.org/pi/ps/docs/ps54-bi.pdf

http://en.wikipedia.org/wiki/Price%E2%80%93Anderson_Nuclear_Industries_Indemnity_Act