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>At least in the US such costs are factored in According to [3] the industry is liable for 16b per reactor but the industry doesn’t have that much money to pay

>At least in the US such costs are factored in According to [3] the industry is liable for 16b per reactor but the industry doesn’t have that much money to pay out. Entergy for example operates its nuclear plants in a subsidiary that generates about 100 million in revenue per year. They would have to raise the price of nuclear electricity by orders of magnitude to gave any chance of paying 16 bn, let alone the 10x more for a Fukushima-esque incident. So when things go pearshaped the operators will undoubtedly go bankrupt, and since the cleanup is very mandatory the taxpayers end up paying basically everything. Also consider who has paid for the decades long paperwork around Yucca mt, who pays the military that has had guards stationed at closed plants for decades (rancho seco) and so on and so forth. In short, even in the US, the hidden costs of nuclear power are immense.

credit_guy 2y ago
> the operators will undoubtedly go bankrupt I think you are under the impression that if a company files for bankruptcy they can discharge debts they owe to the government. Good luck with that. They will get their power plants sold to the highest bidder, and the proceeds will be used to pay whatever cleanup cost they owe under the Price-Anderson act. Here's a link to a story that BP paid more than $60 BN for the cleanup related to the Deepwater Horizon spill [1]. [1] https://www.reuters.com/article/world/bp-deepwater-horizon-costs-balloon-to-65-billion-idUSKBN1F50O5/ https://www.reuters.com/article/world/bp-deepwater-horizon-c...
- Kon5ole 2y ago
  >I think you are under the impression that if a company files for bankruptcy they can discharge debts they owe to the government. No impressions here, surely you realize that if a company has no money, they won't get money just because the government demands it. >Here's a link to a story that BP paid more than $60 BN for the cleanup related to the Deepwater Horizon spill [1]. But BP has lots of money. Nuclear operators don't.
  - credit_guy 2y ago
    They have no money but they have assets that can be seized and sold.

credit_guy 2y ago

> the operators will undoubtedly go bankrupt I think you are under the impression that if a company files for bankruptcy they can discharge debts they owe to the government. Good luck with that. They will get their power plants sold to the highest bidder, and the proceeds will be used to pay whatever cleanup cost they owe under the Price-Anderson act. Here's a link to a story that BP paid more than $60 BN for the cleanup related to the Deepwater Horizon spill [1]. [1] https://www.reuters.com/article/world/bp-deepwater-horizon-costs-balloon-to-65-billion-idUSKBN1F50O5/ https://www.reuters.com/article/world/bp-deepwater-horizon-c...

Kon5ole 2y ago
>I think you are under the impression that if a company files for bankruptcy they can discharge debts they owe to the government. No impressions here, surely you realize that if a company has no money, they won't get money just because the government demands it. >Here's a link to a story that BP paid more than $60 BN for the cleanup related to the Deepwater Horizon spill [1]. But BP has lots of money. Nuclear operators don't.
- credit_guy 2y ago
  They have no money but they have assets that can be seized and sold.