Govt takes on heavy burden in nationalizing TEPCO
The Daily Yomiuri -
The nationalization of Tokyo Electric Power Co. means that the
government will be required to shoulder greater responsibilities for
important energy polices such as resuming operations of suspended
nuclear reactors.
Japan to Model Trillion-Yen Tepco Bailout on 2003 Bank Rescue
BusinessWeek -
By Tsuyoshi Inajima on April 28, 2012 Japan intends to take control of
Tokyo Electric Power Co. (9501) in return for bailing out the
beleaguered utility, following a model it adopted to rescue the nation's
fifth-biggest bank. The government will inject ...
TEPCO submits reform plan to govt
The Daily Yomiuri -
Tokyo Electric Power Co. submitted a comprehensive business
rehabilitation program to the government Friday to receive 1 trillion
yen in taxpayer money for recapitalization, as its financial base was
severely affected in the wake of the crisis at its ...
TEPCO 'offers controlling stake' to Japan govt
AFP - Apr 27, 2012
By Shingo Ito (AFP) – 5 hours ago TOKYO — The operator of the crippled
Fukushima nuclear plant on Friday offered the Japanese government a
controlling stake in return for a huge cash injection that would prevent
it going under, media reported.
Tepco submits $24.8bn recovery plan
Financial Times - Apr 27, 2012
By Mure Dickie in Tokyo Tokyo Electric Power, the Japanese nuclear
crisis-hit utility, has submitted a recovery plan to the government
under which the state will inject Y1tn ($12.4bn) for a controlling
stake, banks will lend a further Y1tn, ...
Japan nuke operator submits restructuring plan
Boston.com - Apr 27, 2012
TOKYO—The operator of Japan's tsunami-devastated nuclear plant has
submitted a restructuring plan in which it promises to cut costs in
exchange for a government bailout. Tokyo Electric Power Co. needs to
fund billions of dollars of compensation ...
Tepco submits turnaround plan to Japan govt
Reuters - Apr 27, 2012
* Owner of Fukushima plant battles to recover from tsunami * Gives no
detail of content of turnaround plan * Sources have said govt likely to
take stake in co * Tepco also seen restarting Kashiwazaki Kariwa plant *
Will raise household electricity ...
Tepco Gets Bailout, but Cedes Power
Wall Street Journal - Apr 27, 2012
By MITSURU OBE TOKYO—Japan's biggest utility agreed to a ¥1 trillion
bailout by the government, in a landmark move that could aid the cleanup
of last year's nuclear disaster and help precipitate a shake-up of the
power industry.
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