May 10, 2012

Restructuring of Tepco

Trade and industry minister Yukio Edano Wednesday approved a 10-year comprehensive business plan which Tokyo Electric Power Co. and the government-backed Nuclear Damage Liability Facilitation Fund on April 27 submitted to the government for restructuring the power company in the wake of the nuclear ...

Apr 26, 2012

Changing Tepco from the inside

The government on April 19 picked Mr. Kazuhiko Shimokobe, a bankruptcy lawyer with vast experience in corporate restructuring, as chairman of Tokyo Electric Power Co. He headed the decision-making body of the Nuclear Damage Liability Facilitation Fund, a public entity that injects funds into ...

Jan 27, 2012

Power users on the hook

Tokyo Electric Power Co. said Jan. 17 that it will seek an average 17 percent hike in electricity rates from April for some 240,000 enterprises having contracts for 50 kW or more. It hopes to raise some ¥400 billion annually through the hike and ...