Nuclear decommissioning insurance financial product and method

Details Nuclear decommissioning insurance financial product and method Nuclear decommissioning insurance financial product and method

2006-05-23

2006-05-23

Thomas, Joseph (Department: 3626)

Data processing: financial, business practice, management, or co

Automated electrical financial or business practice or...

Insurance

Reexamination Certificate

active

07050985

ABSTRACT:
An insurance policy and insurance method for providing financial assurance for decommissioning a nuclear power plant using insurance is described. In one embodiment, a financial product, such as a decommissioning insurance policy, provides financial assurance for the decommissioning of a nuclear power facility, and provides, in exchange for payment of a premium, for an insurer to pay actual decommissioning expenses for the nuclear power facility between a policy inception date and a policy termination date. In another embodiment, the insurance policy includes a premium that is based on an adjusted sum of costs and expenses that is equalized over a plurality of scenarios, where each scenario is based on the decommission starting, e.g., in a different year.

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