Nuclear Liability Debate and Price Anderson Act
An editorial explores whether federal liability limits on nuclear plants, set by the Price Anderson Act of 1957 and renewed in 1975, protect the public or shield utilities. It notes insured caps, potential damages, and whether Congress acted in public interest or to spur industry amid rising energy demand.
MENTIONED IN THIS ARTICLE
Congress
Price-Anderson
Clinton Anderson
New Mexico
Rep
Melvin Price
Illinois
Joint
Committee On Atomic Energy
McKinley Olson
Brookhaven
AEC
AIF
Price-Anderson Act support argued by Atomic Industrial Forum
The Atomic Industrial Forum contends the Price-Anderson Act is not a subsidy but a mechanism to attract capital for nuclear plants. It notes $10 million paid to the government so far, with utilities charged about $90,000 annually for a 1,000,000 kW reactor indemnity, and argues real subsidies only arise if claims exceed private insurance. It cites 300 reactor-years of operation and estimates a rare incident with injuries would occur about once every 1,500 years with 100 reactors.
MENTIONED IN THIS ARTICLE
The
Atomic Industrial Forum
AIF
Price-Anderson
Industry Liability Debate Sparks Nuclear Safety Reform
The debate questions whether auto makers food firms and drug manufacturers receive federal recourse after recalls, while proposing that electric utilities bear reduced liability under the Price Anderson Act. Critics call the policy a subsidy, arguing it leaves taxpayers on the hook for catastrophic nuclear accidents. They cite private insurers’ $125 million coverage versus projected losses of at least $435 million, and quote past insurance executive remarks on the policy’s public risk.
MENTIONED IN THIS ARTICLE
Congress
McKinley Olson
Herbert W. Yount
Liberty Mutual Insurance Co
City to Protest Lone Star Gas Rate Adjustments
City attorney Louis Nichols will file a protest with the Texas Railroad Commission over Lone Star Gas out-of-period adjustments for November. Richardson office manager Gilbert Rabbe said the city faced $688,470.91 in such costs, with $267,248.01 paid to parent Ensearch Exploration Co. for gas dating to 1974. Nichols must file by December 20 and a hearing is planned within two months.
MENTIONED IN THIS ARTICLE
Louis Nichols
Texas Railroad Commission
Austin
Lone Star
Gilbert Rabbe
Richardson
Ensearch Exploration Co
Nichols
Commission
Railroad Commission
Crisis Center Opens To Aid Richardson North Dallas Residents
A new community service by First United Methodist Church of Richardson launched last night to assist residents in crisis. Chair Ida Dwight says the Crisis Center offers help for family, drug, children and related problems and is reachable 24/7 at 235-5373.
MENTIONED IN THIS ARTICLE
Richardson-north Dallas
First United Methodist Church of
Richardson
Ida Dwight
Dwight
Jackpot Winners Drawn In Pigskin Prediction Contest
Five contestants tied for first in a 14 game slate prompting a drawing due to no Monday night tie breaker. Virginia Dees of Dallas wins $75, Arthur Elgin of Dallas takes $50, Kim Grandpre also shares top three with two back ups Rodney Sutton and Sharon Dees.
MENTIONED IN THIS ARTICLE
Virginia Dees
S. Bagley
Dallas
Virginia
Kansas City Jets
Cleveland Browns
Arthur T. Elgin
Prairie Creek
Kim Grandpre
Winterwood Dr
Rodney Sutton
Vernet
Sharon Dees
Barstone
Hospital board authorizes 7.9 million bond study
Richardson Hospital Authority approves hiring First Southwest Co. as financial advisor to refinance 7.9 million in hospital bonds. One board member dissents, citing unmet prior promises. Administrators seek rate cuts from about nine percent to seven or less, with holders paid a premium for early retirement if refinances close.
MENTIONED IN THIS ARTICLE
First Southwest Co
Richardson Hospital Authority
Gladys Anderson
E.G
Bud” Gatlin
UMI, Inc
Tennessee
Payne and Weber
Dallas
Richardson General Hospital
Gene Arnold
Clinic for Children Swine Flu Clinic Sunday
A second swine flu clinic for children ages three to 17 is planned this Sunday from noon to 8 p.m. at the Community Room, Citizen Bank Center. Volunteers are needed. 6,000 monovalent doses will be given on a first come, first served basis. 20 volunteers have signed up of 40 needed.
MENTIONED IN THIS ARTICLE
Citizen Bank Center
Bob Galvan
Environmental Health Department
Marilyn Walls
PTA
Richardson
Agnes Hayes
Richardson General Hospital
Also Mentioned on This Page
Glen Rose
Fort Worth-Dallas
Frank Trombley
News-Texan Bureau
Texas
Pennsylvania
Comanche Peak
Trombley
Pro
McKinley
Yount
William Lamb
Prairie Creek Elementary
Mike Haigh
Santa
Allen Childress
Julie Burbridge
Mrs. Claus
Monica Staples
Megan Schneider
Alta Petrey
Hospital Board
Arnold
Cording
Joe Ellis
Irving Hospital
Dallas-Fort Worth
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