Country:United States
Year:1957
Policy status:In Force
Jurisdiction:National
Date Effective:1957
Date Amended:

1982

Date Ended:2025
Policy Type:Economic Instruments>Fiscal/financial incentives>Grants and subsidies, Economic Instruments>Fiscal/financial incentives, Economic Instruments, Policy Support>Institutional creation, Economic Instruments>Fiscal/financial incentives>User charges
Policy Target:Energy Sector>Electricity Generation>Nuclear, Energy Sector, Energy Sector>Electricity Generation
Agency:U.S. Nuclear Regulatory Commission (NRC), U.S. Department of Energy (DOE)
URL:http://www.nrc.gov/reading-rm/doc-collections/fact-sheets/nuclear-insurance.html
Legal References:42 U.S.C. 2210, 42 U.S.C. 10101
Description:

 

Together the Price-Anderson Act and the Nuclear Waste Policy Act establish legal responsibility to manage nuclear waste and support the deployment of nuclear power by limiting nuclear plant operators’ liability in the event of an accident. The Price-Anderson Act (PAA) establishes a no fault insurance-type system in which the first $10 billion is industry-funded according to a scheme described in the Act (any claims above the $10 billion would be covered by the federal government). The PAA indemnifies the nuclear industry against liability claims arising from nuclear incidents while still ensuring compensation coverage for the general public. The Nuclear Waste Policy Act establishes a broad policy framework for the permanent disposal of used nuclear fuel and high-level radioactive waste derived from nuclear power generation. Under the Act, the U.S. government bears the long-term responsibility for the safe management of used nuclear fuel and the eventual disposal of nuclear waste.  The costs for these activities are paid by the consumers of nuclear electricity through a per kWh fee. The income from the fee is credited to the Nuclear Waste Fund and spending from the fund is determined by Congress and agreement of the President.

Last modified: Thu, 16 Feb 2017 20:22:59 CET