The Price - Anderson Act
requires nuclear utilities to buy private insurance of about $ 375 million per plant.
If liability exceeds $ 13 billion, Congress can
require nuclear utilities collectively to pay more to settle the additional claims.
Not exact matches
Cuomo will count
nuclear power as renewable energy, at least temporarily, when the state issues new rules next year
requiring utilities to procure half their power from renewable sources by 2030.
It would
require utilities to purchase power from
nuclear facilities, and those costs would then be passed along to customers, who now pay some of the highest energy costs in the nation.
The starting point for any country that wants to include
nuclear energy in its generation mix is to
require a political and «social» operating licence for
utilities running
nuclear plants and facilities.
If we use full - cost pricing —
requiring utilities to absorb the costs of disposing of
nuclear waste, of decommissioning the plant when it is worn out, and of insuring the reactors against possible accidents and terrorist attacks — building
nuclear plants in a competitive electricity market is clearly not economical.
The nation's first ZEC programs began in New York and Illinois and
require load - serving entities (e.g. electric
utilities) to purchase ZECs from specified, in - state
nuclear facilities (note: only certain
nuclear units in New York and Illinois qualify).
In the event of a catastrophic accident, every
nuclear utility would be
required to contribute up to $ 95.8 million for each licensed reactor to a pool to help cover the accident's cost.
It would
require utilities to meet an increasing percentage of electricity sales from solar, onshore wind, offshore wind, and energy efficiency, reaching 25 % of base year sales by 2025 (and deleting the current, obnoxious slight - of - hand that leaves
nuclear out of the equation, but keeping a base year of 2007).
The Low Carbon Portfolio Standard bill backed by Exelon would have
required the state's electric
utilities to purchase credits from low - carbon energy sources, including
nuclear energy, to match 70 % of the electricity used on the distribution system.
«It wants to essentially re-regulate and
require utilities to purchase 70 % of their power from
nuclear plants owned by Exelon.
Starting in April 2017, the Clean Energy Standard
requires all six New York investor - owned
utilities and other energy suppliers to pay for the intrinsic value of carbon - free emissions from
nuclear power plants by purchasing Zero - Emission Credits.
If we use full - cost pricing —
requiring utilities to absorb the costs of disposing of
nuclear waste, of decommissioning a plant when it wears out, and of insuring reactors against possible accidents and terrorist attacks — building
nuclear plants in a competitive electricity market is simply not economical.
An August decision by the New York Public Service Commission (PSC) approving New York's Clean Energy Standard included a provision
requiring the state's investor - owned
utilities and other energy suppliers to pay for the intrinsic value of carbon - free emissions from
nuclear power plants by purchasing «Zero - Emission Credits» (ZEC).