Take Action Publications Press Room About Public Citizen Public Citizen Divisions Home
Promoting a sustainable energy future

JOIN US! |Take Action | Publications | About Energy Program | Contact Us
Search

For Keyword(s)
advanced search

Email Signup

Sign up for our free activist updates.

The Price-Anderson Act

The consequences of an attack or an accident at a nuclear power plant are so staggering that insurance companies won't fully insure them. Unfortunately, Congress isn't so cautious. It passed a law in 1957, the Price-Anderson Act, that established a taxpayer-backed insurance scheme for nuclear power.  This law limits the amount of insurance nuclear power plant owners must carry and caps their liability in the event of a catastrophic accident or attack at dollar amounts that fall far, far short of the actual financial consequences that could be incurred. Even nuclear power executives acknowledge that their industry is financially dependent on Price-Anderson to shield nuclear power from free market forces.  Unless reauthorized by Congress, the Price-Anderson subsidy will not apply to proposed new reactors built after December 31, 2003.

Hot Issues

» Price-Anderson Act: The Billion Dollar Bailout for Nuclear Power Mishaps

    » cmep | energy enviro nuclear | nuclear power plants | cost | priceander


Because Public Citizen does not accept funds from corporations, professional associations or government agencies, we can remain independent and follow the truth wherever it may lead. But that means we depend on the generosity of concerned citizens like you for the resources to fight on behalf of the public interest. If you would like to help us in our fight, click here.


Publications

» Fact Sheets


Join | Contact PC | Contribute | Site Map | Careers/Internships| Privacy Statement