After last year’s Fukushima Daiichi nuclear crisis in Japan, residents of the U.S. began to grow concerned of similar nuclear problems at home. In Japan, the disaster has been linked to some health problems for those in the northern region of the country. While these cases are few and far between, they ignite concerns regarding the overall safety of nuclear power. To help calm the nerves of U.S. citizens, the U.S. Nuclear Regulatory Commission conducted a study to examine the dangers that the energy may pose. According to the agency’s…
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Tokyo Power set to pay for Fukushima nuclear disaster
Tokyo Electric Power Company (TEPCO), Asia’s largest utility company, has started making compensation payments to the residents who had to be evacuated from around the Fukushima nuclear plant after the disaster in March. Now, they may end up paying a lot more according to Japan’s Chief Cabinet Secretary. The Japanese government has decided that they will not put a limit on the amount of compensation payments that TEPCO must make to residents and the local government. Japan’s government officials could have granted the company an “exemption” from being liable for…
Read MoreNuclear plant shut down in Alabama causes many to question safety
The outbreak of tornado’s and severe weather Wednesday caused massive damage across the southeastern United States. With a death toll of just over 200, almost three-quarters of those were in Alabama. The storms were so bad that the Browns Ferry nuclear plant had to shut down three reactors due to a power outage. The Browns Ferry nuclear plant in northern Alabama is owned by Tennessee Valley Authority (TVA). It was the first plant the TVA built and at that time (1974) it was the world’s largest nuclear plant. The Browns…
Read MoreNuclear plant insurance has a nuclear price tag…many go uninsured!
In the wake of the disaster in Japan, many are questioning whether nuclear power is safe. The continuing nuclear crisis in Japan has brought up many issues, one of them being the issue of insurance. Nearly every nation on the planet requires that their citizens have some form of insurance to cover the various aspects of their lives, such as protection for the vehicles or homes. The requirements for insuring a nuclear power plant, however, are surprisingly low. Japan’s nuclear disasters will cost taxpayers billions, a price that will be…
Read MoreBusiness owners seek help in evacuated areas around nuclear plant
The Tokyo Electric Power Company (TEPCO) not only is dealing with a leaky nuclear power reactor but business owners who have been evacuated from areas around the damaged Fukushima plant want compensation. Most of them have been unable to return to their homes to get work tools or supplies, and have been living in shelters since the evacuation took place. Since nuclear damage is not a covered peril under most insurance plans, these businesses have been left on their own to manage. A group of twenty people, made the trip…
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