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Aha.

Japan revises nuclear liability laws

The Japanese Diet has unanimously approved a bill to revise the country's nuclear damage compensation laws. Under the revised law, the nuclear liability of plant operators will be doubled by 2010.

Japan is not party to any international liability convention, but its law generally conforms to them. Two laws governing them are revised about every ten years: the Law on Compensation for Nuclear Damage and Law on Contract for Liability Insurance for Nuclear Damage.

On 10 April, the upper house of the Diet unanimously approved a bill to revise the two laws. The bill will come into force on 1 January 2010.

Plant operator liability is exclusive and absolute, and power plant operators must provide a 'financial security amount' of ¥60 billion ($600 million). From 2010, this doubles to ¥120 billion ($1.2 billion). Beyond that, the government provides coverage, and liability is unlimited. The revision to the law also increases penalties, including fines, for nuclear companies operating plants without financial security, from the current maximum of ¥500,000 ($5040) up to ¥1 million ($10,090).


The fact is that what we're experiencing right now is a top-down disaster. -Paul Krugman
by dvx (dvx.clt št gmail dotcom) on Tue Mar 15th, 2011 at 07:14:24 AM EST
[ Parent ]
That goes into the publication!
by Nomad (Bjinse) on Tue Mar 15th, 2011 at 07:42:18 AM EST
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Wouldn't such an increase just go directly to the rate-payer's electric bill?
by asdf on Wed Mar 16th, 2011 at 09:59:10 PM EST
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As if that were the biggest of our problems right now.

So, in what may be my last act of "advising", I'll advise you to cut the jargon. -- My old PhD advisor, to me, 26/2/11
by Carrie (migeru at eurotrib dot com) on Thu Mar 17th, 2011 at 03:53:05 AM EST
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Probably, but it also makes renewable power more competitive.

Sweden's finest (and perhaps only) collaborative, leftist e-newspaper Synapze.se
by A swedish kind of death on Thu Mar 17th, 2011 at 04:29:57 PM EST
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