S. 865 · 109th Congress
Price-Anderson Amendments Act of 2005
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VoinovichSponsor2 cosponsors · 1 D, 1 R
0 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
Price-Anderson Amendments Act of 2005 - (Sec. 2) Amends the Price-Anderson Act with respect to indemnification of the licensee of an industrial or commercial nuclear power utilization or production facility, and the limitation of liability arising from nuclear incidents in excess of the level of financial protection required of the licensee.
What it does: CRS summary · Reported to Senate with amendment(s) · Jul 1, 2005
Price-Anderson Amendments Act of 2005 - (Sec. 2) Amends the Price-Anderson Act with respect to indemnification of the licensee of an industrial or commercial nuclear power utilization or production facility, and the limitation of liability arising from nuclear incidents in excess of the level of financial protection required of the licensee. Directs the Nuclear Regulatory Commission (NRC) to consider, for primary financial protection purposes, a combination of utilization or production facilities to be a single facility having a rated capacity of 100,000 electrical kilowatts or more.
Defines such combination to be two or more facilities located at a single site, each of which has a rated capacity of between 100,000 and 300,000 electrical kilowatts, with a combined rated capacity of not more than 1.3 million electrical kilowatts.
(Sec. 3) Extends from December 31, 2003, through December 31, 2025, NRC authority to indemnify certain licenses issued between August 30, 1954, and such date.
(Sec. 4) Extends until August 1, 2023, the requirement that the NRC and the Secretary of Energy report annually to Congress on the need to continue or modify the Price-Anderson Act.
(Sec. 5) Increases from $63 million to $95.8 million (adjusted for inflation) the maximum amount of the standard deferred premium that may be charged a licensee following a nuclear incident.
Increases from $10 million to $15 million the maximum amount of standard deferred premium that may be charged annually. Subjects such annual maximum to adjustment for inflation.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Price-Anderson Amendments Act of 2005
Latest action (Jul 1, 2005): Placed on Senate Legislative Calendar under General Orders. Calendar No. 153.
Policy area: Energy · Origin: Senate · Introduced: Apr 20, 2005
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.