Earlier quoted context omitted.
> You see a lot of handwaving such as that very close to 0 statement with nuclear but someone’s got to be on the hook. Yes, and that one is society. It what we do with any risk that is so great that if any company would have to carry it then the company would fold and society would still have to carry it. Hydro power is one prime example. If a dam would break the damage downstream would be too high for any power comp…
Unfortunately your examples have been litigated in practice already, and reality does not agree with you. See for example [0], which is a nice writeup on the liability for dam failure. As it turns out, there are very few cases in which the operator would not be liable. Similarly, Pacific Power has been sued for wildfires in Colorado, and PG&E even plead guilty to manslaughter in the Paradise fire - and had to file fo…
When a company files for bankruptcy the result is a legal process where the company seeks relief from debt. PG&E caused California second biggest wild fire named "Camp Fire" which destroyed 1,329 structures, and burned 963,309 acres, with an estimated cost of $16bn. The next year they caused a second wild fire, and yes they did get sued for that. They are estimated to have caused over 40 wild fires.
In the bankruptcy filing that got accepted by the judge they might be paying $13.5 billion for all of the wildfires, with half of that being paid as "stocks" in the company (for how much that is worth). All the remaining costs of the wildfires will be carried by the victims. Since September 30 this year the total amount PG&E has actually paid is $5.08 billions.
If one of Californias nulcear power plant would explode tomorrow with the effect of 40 wild fires then the result would be identical to PG&E. They would be sued, they would file for bankruptcy, and then a portion of the true costs will be paid out. That is reality regardless of what you thought it was.
[0]: https://www.sacbee.com/news/local/article165448747.html