TVA insurance on nuclear plants hasn't increased

In this mention

The Tennessee Valley Authority has not increased insurance coverage for its three nuclear power plants following the September 11 terrorist attacks, despite estimated plant values far exceeding current coverage limits. Stephen Smith, executive director of the Southern Alliance for Clean Energy, argues that TVA should insure its nuclear plants at full replacement value and invest more heavily in security, noting that post-9/11 terrorism threats have dramatically increased the likelihood of a nuclear plant attack.

Post-Sept. 11 you should have greater investment in security and greater investment in things like insurance. With the ongoing sophistication and threats from terrorism ... the likelihood of a nuclear plant attack has dramatically increased. They couldn't build another nuclear plant for $2.06 billion (insurance coverage), but they could replace it with another form of power like natural gas.
Stephen A. Smith

Original clipping

PDF didn't open? Open it in a new tab →