Japan's TEPCO in Dire Financial Straits, Applies for Government Aid

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Japan's TEPCO in Dire Financial Straits, Applies for Government Aid

SUGAR LAND--March 30, 2012--Researched by Industrial Info Resources (Sugar Land, Texas)--Tokyo Electric Power Company Incorporated (TYO:9501) (Tokyo) (TEPCO) has been at work on the clean-up of Fukushima Daiichi nuclear power plant for more than a year. TEPCO has called on the Japanese government for $12.15 billion in aid for meeting its costs. In addition to this new government motion, TEPCO is in the process of paying damage compensations to affected citizens and businesses throughout the region. On March 16, TEPCO applied for $10.27 billion in aid to pay for new claims on compensation. If approved, the total for TEPCO's compensation bill alone will reach $41.31 trillion.

Other companies featured: Hokkaido Electric Power Company Incorporated (TYO:9509)

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Industry Segment: Power
Word Count: 499 Words

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