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| Japan to provide $12.5B to nuclear plant operator BusinessWeek By YURI KAGEYAMA The government approved on Wednesday a 1 trillion yen ($12.5 billion) public bailout for the operator of Japan's tsunami-devastated nuclear power plant and put it under temporary state control. In exchange, Tokyo Electric Power Co. has ... | ||||
| Japan to provide $12.55 billion to operator of tsunami-ravaged nuclear plant Washington Post ... operator of the disaster-hit Fukushima nuclear plant, putting the massive utility under temporary state control as it continues to deal with the colossal damages. The move, which had been widely expected, will prevent the Tokyo Electric Power Co. | ||||
| Japan to take over Tepco after Fukushima disaster Reuters By Yoko Kubota | TOKYO (Reuters) - Tokyo Electric Power Co, Japan's biggest utility and owner of the devastated Fukushima nuclear plant, will be taken over by the government after the country's trade minister on Wednesday approved a $12.5 billion ... REFILE-UPDATE 3-Japan to take over Tepco after Fukushima disaster Reuters The utility, saddled with trillions of yen in compensation and clean-up costs from the radiation crisis as well as surging fuel costs to cover for lost nuclear power capacity, has been facing insolvency risks since the disaster. Japan Takes Control of Tepco in 10-Year Plan to Revive Profit BusinessWeek Tepco has been on government support since the March 11, 2011 quake and tsunami wrecked the Fukushima Dai-Ichi nuclear station, causing reactor meltdowns and forcing about 160000 people to evacuate from towns around the plant. »Japan to Nationalize Fukushima Utility New York Times And the utility has been incurring large fuel costs as it makes up for capacity lost at Fukushima Daiichi, as well as two other nuclear power plants that have been shuttered since the quake. Tepco has pushed to reopen at least one of those plants but ...
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