Electricity Supply Assurance Act of 2001

Electricity Supply Assurance Act of 2001 - Price-Anderson Amendments Act of 2001 - Amends the Atomic Energy Act of 1954 to extend the authority of the Nuclear Regulatory Commission (NRC) to indemnify licensees and Department of Energy contractors for public liability arising from nuclear incidents in excess of the required financial protection.

Revises guidelines for licensee insurance premiums and liability and indemnification limits.

Amends the Department of Energy Organization Act to add two Assistant Secretaries of Energy responsible, respectively, for: (1) the Office of Science; and (2) the Office of Nuclear Energy, Science, and Technology.

Amends the USEC Privatization Act to prohibit the Secretary of Energy from selling surplus natural uranium and conversion services through 2005. Requires sale of uranium hexaflouride.

Instructs the Secretary to begin construction of the Mixed Oxide Fuel Fabrication Facility by October 2003.

Authorizes the Secretary to place the Portsmouth gaseous diffusion plant into cold standby condition for a five-year period.

Mandates a program to: (1) demonstrate the NRC Early Site Permit process; (2) evaluate opportunities for completion of partially constructed nuclear plants; (3) assess opportunities for Generation IV reactors; and (4) research potential licensing issues associated with new reactor technologies and designs.

Declares electricity generated by a nuclear plant to be an environmentally preferable product.

Conditions Federal funding for a domestic or international organization that supports electricity production facilities upon reasonable efforts to include projects that use nuclear plants.

Establishes the Office of Spent Nuclear Fuel Research.

Directs the Secretary to: (1) conduct an advanced fuel recycling technology research and development program; and (2) establish the Advanced Accelerator Applications Program.

Amends the Atomic Energy Act of 1954 to: (1) revise certain commercial license requirements; (2) repeal restrictions pertaining to foreign ownership of commercial licensees; and (3) grant firearms and arrest authority to employees of NRC licensees.