» Clean Energy

» Affordable Energy

» Clean, Affordable Transportation

» Dirty Coal

» Nuclear Relapse

Sign-up for Energy Action Alerts

CitizenVox: Standing Up to Corporate Power

The Price-Anderson Act

The Price-Anderson Act is a key piece of legislation for the nuclear industry. The consequences of an attack or an accident at a nuclear power plant are so staggering that insurance companies won't fully insure them. Unfortunately, Congress isn't so cautious. It passed a law in 1957, the Price-Anderson Act, that established a taxpayer-backed insurance scheme for nuclear power.

This law limits the amount of insurance nuclear power plant owners must carry and caps their liability in the event of a catastrophic accident or attack at dollar amounts that fall far, far short of the actual financial consequences that could be incurred. Even nuclear power executives acknowledge that their industry is financially dependent on Price-Anderson to shield nuclear power from free market forces. Congress reauthorized the Price-Anderson subsidy for another 20 years as part of the Energy Policy Act of 2005.

A Detailed Analysis Of The Price-Anderson Act:

Price-Anderson Act: The Billion Dollar Bailout for Nuclear Power Mishaps

Copyright © 2016 Public Citizen. Some rights reserved. Non-commercial use of text and images in which Public Citizen holds the copyright is permitted, with attribution, under the terms and conditions of a Creative Commons License. This Web site is shared by Public Citizen Inc. and Public Citizen Foundation. Learn More about the distinction between these two components of Public Citizen.

Public Citizen, Inc. and Public Citizen Foundation


You can support the fight for greater government and corporate accountability through a donation to either Public Citizen, Inc., or Public Citizen Foundation, Inc.

Public Citizen lobbies Congress and federal agencies to advance Public Citizen’s mission of advancing government and corporate accountability. When you make a contribution to Public Citizen, you become a member of Public Citizen, showing your support and entitling you to benefits such as Public Citizen News. Contributions to Public Citizen are not tax-deductible.

Public Citizen Foundation focuses on research, public education, and litigation in support of our mission. By law, the Foundation can engage in only very limited lobbying. Contributions to Public Citizen Foundation are tax-deductible.