B-197742: Aug 1, 1986

ALTHOUGH USE OF CURRENT OPERATING APPROPRIATIONS IS NOT REQUIRED. IT IS IMPOSSIBLE TO MAXIMIZE BOTH. THE FEDERAL GOVERNMENT'S ROLE IN THIS SYSTEM OF INSURANCE IS DEFINED BY ITS INDEMNIFICATION AGREEMENTS WITH NUCLEAR REGULATORY COMMISSION (NRC) LICENSEES AND DEPARTMENT OF ENERGY (DOE) CONTRACTORS. NRC AND DOE ARE AUTHORIZED TO ENTER INTO AGREEMENTS TO INDEMNIFY THE NRC LICENSEE. OR OTHER PERSON IS...

B-197742: Apr 10, 1986

WERE TO EXPIRE. TO INDEMNIFY THE LICENSEE FOR LIABILITY WHICH IS IN EXCESS OF THE AMOUNT AVAILABLE FROM PRIVATE INSURANCE PLUS THE DEFERRED PREMIUMS. 42 U.S.C. WHICHEVER IS GREATER. THE AGGREGATE LIABILITY IS NOW $640 MILLION. EXPIRATION DATES CONTAINED IN THE ACT APPLY ONLY TO THOSE SUBSECTIONS IN WHICH THEY ARE LOCATED. THE COMMISSION'S DEPUTY GENERAL COUNSEL CONCLUDED THAT "LEGISLATIVE HISTORY"...

B-197742: Published: Apr 10, 1986. Publicly Released: May 12, 1986.

Pursuant to a congressional request, GAO reviewed the Price-Anderson Act to determine what authority the Nuclear Regulatory Commission (NRC) will retain in the event that its indemnification authority expires on August 1, 1987. Although NRC believes that the legislative history indicates congressional intent that the entire act would expire in 1987, GAO believes that NRC would retain its authority...