Tokyo Power and Electric News

Japan’s Tepco to Propose Decommissioning 5 Nuclear Reactors: Media

Tokyo Electric Power will submit to a municipal official on Monday a plan regarding the decommissioning of five reactors at its Kashiwazaki-Kariwa nuclear station, the world’s biggest atomic plant, Jiji Press said. Japan suffered its worst energy crisis since the …

Tepco Will Not Pursue Compensation from GE, Other Suppliers Over Nuclear Disaster

Tokyo Electric Power Co. shareholders rejected a proposal to look into pursuing claims for compensation against companies that supplied parts for the crippled Fukushima nuclear plant, including General Electric Co. Shareholders at Thursday’s annual general meeting for the company known …

Tokyo Electric May Need $112B: Panel

A government panel reviewing Tokyo Electric Power Co.’s restructuring efforts said the troubled utility will need to raise as much as 8.6 trillion yen ($112 billion) in funds without raising charges or restarting nuclear reactors. In a report made public …

Japan Committee Clears Nuclear Compensation Bill

A lower house committee of Japan’s parliament on Tuesday passed a bill to help Tokyo Electric Power pay billions of dollars in compensation to those hurt by the Fukushima nuclear disaster, ensuring a law will soon be in place to …

Japan Plans State-Backed Insurer to Save TEPCO

Japan plans to set up a government-backed insurance fund to put money into Tokyo Electric Power and pay compensation stemming from the disaster at its Fukushima Daiichi nuclear plant, the Nikkei newspaper said. Aimed at saving Tokyo Electric from collapse, …