DOE Floats Nuclear Damage Cleanup Cost Fund

By Emily Field (December 16, 2014, 7:03 PM EST) -- The U.S. Department of Energy is looking to revise the Energy and Security Act to require nuclear suppliers to contribute funds to a risk sharing pool to cover damages from nuclear incidents that are not already covered by current regulation, according to proposed changes released Tuesday.

Under the proposed changes, nuclear suppliers would be expected to pay into the pool the same amount as what the federal government would have to contribute to an international supplementary fund under an international treaty for civil liability stemming from nuclear accidents. In the case of a nuclear event outside the United States that results...

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