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View Diary: New German Data Shows No End in Sight for Coal (230 comments)

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  •  That's a pretty dumb and cynical analysis. (0+ / 0-)

    Progress Energy would be incredibly stupid and short sighted to try to string the state public utilities commission and public along about building the plant. It would generate a lot of bad blood if it didn't voluntarily refund all money that wasn't prudently spent to obtain a NRC COL license. There would be a backlash.

    Is it part of the standard anti-nuclear activist handbook to obfuscate and blather in an attempt to distract from the fact that you are caught being wrong or did you just forget to take your Ritalin? What do the dates when the plants were built have to do with anything? You made a statement implying there is a single reactor in Florida. You are wrong. Admit it.

    Progress doesn't operate in Florida as a merchant electricity provider. It is a regulated utility which means the state sets the rates. Transmission lines are not publicly held either. There is no difference.

    As to whether there are private insurers willing to underwrite nuclear liability insurance, I would refer you to

    http://www.amnucins.com/

    It says prominently on its web site:

    "American Nuclear Insurers (ANI) is a joint underwriting association created by some of the largest insurance companies in the United States. Our purpose is to pool the financial assets pledged by our member companies to provide the significant amount of property and liability insurance required for nuclear power plants and related facilities throughout the world."

    The indemnification you are referring to provided by the utilities themselves is the secondary insurance. The primary insurance provided by ANI is underwritten by a pool of insurance companies that issue actual insurance policies providing $375 million in coverage and that the utilities pay annual premiums to just like anybody paying for their car or homeowners insurance. To date the primary insurance provided by these very real insurance companies has paid all liability claims associated with nuclear plants and incidents, including Three Mile Island. The secondary indemnity coverage provided by the utilities themselves has never been tapped into. Not even close. If your level of reading comprehension is up to it you might try the Wiki entry for the Price-Anderson Act, although to date you haven't given me reason to expect that you would get it.

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