Jones Beene <jone...@pacbell.net> wrote: Well not so poor as the Soviet design of Chernobyl, but Babcock & Wilcox > was clearly at fault - and at TMI also. The government secretly bailed them > out of some liability or they would have gone under long ago. >
It is not a bit secret. See the Price-Anderson Nuclear Industries Indemnity Act, which has been in force since 1957. There would be no nuclear power industry without it. The insurance company could never afford to cover a nuclear power plant. The Japanese government also covers liability for nuclear accidents, yet despite this the Fukushima disaster has effectively bankrupted TEPCO the world's largest electric power company, and that not even begun to pay off the damages. There are also load guarantees. The US government just signed off guaranteeing a $6.5 billion loan to Georgia Power to build another nuclear plant, which is now under construction. See: http://www.ajc.com/news/news/breaking-news/a-65b-federal-loan-guarantee-jolts-ga-nuclear-powe/ndWgF/ - Jed
