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The liability is capped at a certain amount. In the US, that is around $450 million per reactor. They also have to buy in to a fond. In France, the cap is 700 m
by thomasmg 1y ago
The liability is capped at a certain amount. In the US, that is around $450 million per reactor. They also have to buy in to a fond. In France, the cap is 700 million euro. Above that, the federal government _could_ step in. The problem is, no private insurer (or even pool of insurers) could cover the absolute worst-case GAU, and not even the government really.
In Fukushima, TEPCO was required pay $1.5 billion. But the real cost is / was around $150 billion. So, the bulk of the disaster was not covered / covered by the taxpayer. So: the public.
- natmaka 1y ago> the cap is 700 million euro According to the French nuclear industry itself a major accident on one reactor may cost more than 430 billion euro (2013). Source (French): https://www.irsn.fr/savoir-comprendre/crise/cout-economique-pour-deux-scenarios-daccident https://www.irsn.fr/savoir-comprendre/crise/cout-economique-... Biz as usual... https://sites.google.com/view/electricitedefrance/accueil#h.g1ees0y2dbwi https://sites.google.com/view/electricitedefrance/accueil#h....
- kristopolous 1y agoRight. If the only way a business is profitable is because the public has been convinced to pick up the tab, please excuse me for not being interested.