Price-Anderson Amendments Act of 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.

[Congressional Bills 109th Congress]
[From the U.S. Government Publishing Office]
[S. 865 Introduced in Senate (IS)]







109th CONGRESS
  1st Session
                                 S. 865

    To amend the Atomic Energy Act of 1954 to reauthorize the Price-
                          Anderson provisions.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                             April 20, 2005

 Mr. Voinovich introduced the following bill; which was read twice and 
       referred to the Committee on Environment and Public Works

_______________________________________________________________________

                                 A BILL


 
    To amend the Atomic Energy Act of 1954 to reauthorize the Price-
                          Anderson provisions.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Price-Anderson Amendments Act of 
2005''.

SEC. 2. EXTENSION OF INDEMNIFICATION AUTHORITY.

    (a) Indemnification of Nuclear Regulatory Commission Licensees.--
Section 170c. of the Atomic Energy Act of 1954 (42 U.S.C. 2210(c)) is 
amended--
            (1) in the subsection heading, by striking ``licenses'' and 
        inserting ``licensees'';
            (2) by striking ``December 1, 2003'' and inserting 
        ``December 1, 2025''; and
            (3) by striking ``December 31, 2003'' each place it appears 
        and inserting ``December 31, 2025''.

SEC. 3. REPORTS.

    Section 170p. of the Atomic Energy Act of 1954 (42 U.S.C. 2210(p)) 
is amended by striking ``August 1, 1998'' and inserting ``August 1, 
2025''.

SEC. 4. EFFECTIVE DATE.

    The amendments made by this Act take effect on December 1, 2003.
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