Michele Kearney's Nuclear Wire - Major Energy and Environmental News and Commentary affecting the Nuclear Industry. Nuclear Activities
Saturday, May 14, 2011
Japan moves to secure 'too big to fail' TEPCO
Japan moves to secure 'too big to fail' TEPCO Tokyo (AFP) May 13, 2011 Stricken Tokyo Electric Power is "too big to fail", analysts say, not only because it powers Japan's economic heart but also because its collapse would create turmoil for the country's financial system. Asia's biggest power company, TEPCO supplies electricity for the megacity of Tokyo and the wider Kanto region, an area that accounts for more than a third of the nation's gross domestic product. The firm at the centre of the world's worst nuclear crisis in 25 years is also Japan's largest corpora ... read more
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