Will General Electric Get Whacked For The Catastrophic Failure Of Its Nuke Plants In Fukushima?

GE, the company that boasts that it “brings good things to life,” was the designer of the nuclear plants that are blowing up like hot popcorn kernels at the Fukushima Dai-ichi generating plant north of Tokyo that was hit by the double-whammy of an 9.1 earthquake and a huge tsunami.

The company may escape tens or hundreds of billions of dollars in liability from this continuing disaster, which could still result in a catastrophic total meltdown of one or more of the reactors (as of this writing three of the reactors are reported to have suffered explosions and partial meltdowns, and all could potentially become more serious total meltdowns with a rupture of the reactor container), thanks to Japanese law, which makes the operator--in this case Tokyo Electric Power Co. (TEPCO) liable. But if it were found that it was design flaws by GE that caused the problem, presumably TEPCO or the Japanese government could pursue GE for damages.

In fact, the design of these facilities--a design which, it should be noted, was also used in 23 nuclear plants operating in the US in Alabama, Georgia, Illinois, Iowa, Massachusetts, Minnesota, Nebraska, New Jersey, New York, North Carolina, Pennsylvania and Vermont--appear to have included serious flaws, from a safety perspective.

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