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Sat Jan 5, 2013, 01:24 PM

Nuclear industry's insurer running out of cash. All utilities--and ratepayers--could end up paying


Utilities nationwide could share the financial pain of the idled Crystal River nuclear plant

By Ivan Penn, Times Staff Writer
In Print: Sunday, December 30, 2012

The crippled Crystal River nuclear plant is now America's headache.

The bill to fix it and pay for replacement power may top $5 billion. The problem?

The company that insures all 104 U.S. nuclear power plants has just $3.6 billion on hand to pay for claims.

Broken nuclear plants in California, Texas and Michigan will vie for some of that money. But Crystal River alone represents such a financial threat that the insurance company, Nuclear Electric Insurance Ltd., may demand that its member utilities pony up more money.


Via http://www.nirs.org/

January 2, 2013:

Nuclear industry's insurer running out of cash. All utilities--and ratepayers--could end up paying for damaged Crystal River, FL reactor.

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Nuclear industry chief is sad that your tax dollars aren't being given to wealthy utilities fast enough.

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Reply Nuclear industry's insurer running out of cash. All utilities--and ratepayers--could end up paying (Original post)
bananas Jan 2013 OP
Mopar151 Jan 2013 #1
ROBROX Jan 2013 #2

Response to bananas (Original post)

Sat Jan 5, 2013, 01:57 PM

1. A Mitsubishi nuke plant ??????

Just a personal observation - there is something wrong with Mitsubishi's corporate culture, and it comes out in quality (both build and engineering) and "fair dealing" issues.

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Response to bananas (Original post)

Sat Jan 5, 2013, 05:43 PM

2. I thought the money was for a NUCLEAR DISASTER???


Who knew the money could be used for repairs??

What engine runs for over 20 years and does NOT require repairs?? Radiation exposure is VERY damaging even to metals and people. The requirement for maintenance and repairs is elementary. The cost should be part of the of the PROFITS collected for the power. If the thing requires repair the profits will go down which is LOGICAL.

I do not think the PROFIT people should be given money is required to BAIL out the problem. Then the public problem is OWNED by PUBLIC because of the public money by definition. The FEd was given STOCK for their loan of public money. It is time that the public be protected and the private companies NOT be given free or super low interest money.

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