Electric Utility Nuclear Accident Cost Allocation Act

[AI summary unavailable — showing source text] Electric Utility Nuclear Accident Cost Allocation Act - Requires electric utilities to pay to the Secretary of the Treasury an annual fee for calendar years 1982 through 1987 for their proprietary share of the electric power level authorized for each of their nuclear electric generating facilities under construction or licensed to operate on or after the enactment of this Act. Prohibits the annual fee imposed upon any single nuclear utility from exceeding $1,600,000. Requires that such utilities certify to the Secretary of Energy their nuclear generating capability for purposes of the collection of such fees. Establishes in the Treasury the TMI-2 Cleanup Trust Fund which shall consist of the fees collected from electric utilities under this Act. Requires the Secretary of Energy to review the cleanup programs for Three Mile Island Nuclear Generating Station Unit No. 2 (TMI-2) in Pennsylvania. Provides for disbursements from the trust fund to defray the costs of the TMI-2 cleanup if the Secretary of Energy determines that such programs are safe, expeditious, cost effective, and consistent with this Act. Requires the Secretary of the Treasury to report annually, from 1983 to 1988, to …