The government is making final arrangements to appoint Fumio Sudo, an ex-president of steel-maker JFE Holdings Inc., as the next chairman of Tokyo Electric Power Co., which is trying to restructure as it struggles with the Fukushima nuclear crisis, sources said Friday.

Sudo, 72, currently an outside director of Tepco, will have the task of helping the utility continue the cleanup effort at Fukushima No. 1 while reviving its battered business.

Tepco and the Nuclear Damage Liability Facilitation Fund filed Friday for government approval of a new 10-year business plan that features more financial support from the government and the restart of reactors at Tepco's Kashiwazaki-Kariwa nuclear plant in Niigata Prefecture from July.