Reply #19: You've been reading the anti-nuke propaganda.

[PamW]

Private sector won't touch it.
Never did.

That is why our government had to step in years ago to cover it (corporate welfare) otherwise it is not a feasible source of power.
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You've been reading the anti-nuke propaganda. I've heard it all the time that insurance
companies won't insure nuclear power plants.. BLAH BLAH...

It's a misquoting of the Price-Anderson Act. Price Anderson requires nuclear reactor
owners to get insurance from commercial underwriters, i.e. insurance companies, and they do;
up to a certain level which was determined by a study by scientists at Brookhaven National
Lab of what the worst possible accident could be.

The anti-nukes weren't satisfied with that - they want to price nuclear power out of the market
by requiring excessive protection. Therefore, IF an accident happens that exceeds the
commercial insurance, the Government covers the overage, and then is reimbursed by the
nuclear industry.

Funny how the anti-nukes always omit the part about the Government being reimbursed.

PamW