Jul 29, 2015

Tepco's quarterly profit triples as fuel prices plunge

Tokyo Electric Power Co., operator of the wrecked Fukushima No. 1 nuclear plant, said its first-quarter operating profit tripled as a drop in fuel prices helped cut costs. Tepco, as Japan’s biggest utility is known, posted an operating profit of ¥228.3 billion ($1.85 billion) ...

Jul 29, 2015

Fukushima compensation increased to ¥7 trillion

The government has approved an increase in compensation payments for the Fukushima nuclear crisis to ¥7.07 trillion as tens of thousands of evacuees remain in temporary housing more than four years after the disaster. Tokyo Electric Power Co. will receive ¥950 billion more in ...

Jul 28, 2015

Removal starts of protective shroud over reactor at Fukushima No. 1

Tepco on Tuesday began dismantling the temporary shroud covering the wrecked reactor 1 building at the Fukushima No 1 nuclear plant. Tokyo Electric Power Co. installed the cover in October 2011 to keep radioactive materials from dispersing. Workers used a crane Tuesday to remove ...