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Japan Sets Rescue Plan for Tepco
Keywords:
Tags: Renewable Energy, Japan,
The Japanese government has come up with a plan that would make it possible for TEPCO to pay claims for damages that are estimated at $124 billion or ten trillion yen. The Japanese government will create a special body for handling the claims. This body will have the authority to issue government backed bonds which will be paid from future earnings of TEPCO. Other electric power companies are also expected to contribute to the cost, and electric power bills are expected to rise to help cover the cost. Support from the opposition LDP will be needed to ensure passage of this bill in parliament.
The Japanese government's rescue plan for Tokyo Electric Power Company (TEPCO)
03/29/2011
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Government Reaches Deal on Claims
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Japan Utility Posts Loss of $15 Billion
Wall Street Journal 05/21/2011
Japan Sets Rescue Plan for Tepco
Wall Street Journal 06/15/2011
Panel Vows to Review Tepco's Activities
Wall Street Journal 06/17/2011
Tepco Credit Rating Cut to 'Junk'
Wall Street Journal 06/21/2011
Japan Passes Law Supporting Tepco
New York Times 08/03/2011
Tokyo Electric Power Company (TEPCO) and the earthquake in Japan
03/15/2011
Grouped Articles
Electricity Outages Amplify the Anger
Wall Street Journal 03/15/2011
Tepco Debt Worries Hit Financial Firms
Wall Street Journal 03/30/2011
Tepco's Crisis Should Power Utility Deals
Wall Street Journal 04/06/2011
Japanese Utility Agrees to Conditions for Aid
Wall Street Journal 05/12/2011
Government Reaches Deal on Claims
Wall Street Journal 05/13/2011
Japan Utility Posts Loss of $15 Billion
Wall Street Journal 05/21/2011
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