NRC Amends Price-Anderson Act Requirements
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The NRC amended its regulations to increase the required amount of primary nuclear liability insurance from $375 million to $450 million for each reactor subject to the Price-Anderson Act. On June 15, 2016, American Nuclear Insurers (ANI) notified the Commission that it would be increasing its maximum available primary nuclear liability limit from $375 million to $450 million, effective January 1, 2017. To implement this adjustment, in accordance with the Price-Anderson Act, the Commission amended 10 CFR part 140 to require large operating reactors to have and maintain $450 million in primary financial protection. This rule went into effect on January 1, 2017.To view the Federal Register Notice, click here.