Feb 11, 2015

Tepco offers to keep contract with Japan Atomic Power

Tokyo Electric Power Co. plans to keep its business contract with Japan Atomic Power Co. in place if the nuclear power firm helps Tepco decommission its crippled Fukushima No. 1 nuclear plant, informed sources said Wednesday. Japan Atomic Power relies on basic fees it ...

Feb 9, 2015

Tepco, Chubu Electric to merge thermal power plant operations

Tokyo Electric Power Co. and Chubu Electric Power Co. will transfer operation of their thermal power plants to a new 50-50 joint venture, creating a huge thermal power company with a dominating market share, the two utilities said on Monday. The transfer will take ...

Feb 9, 2015

Fuel-cost drop cuts Tepco bond risk to post-3/11 low

Tokyo Electric Power Co.’s bond risk fell to the lowest since the 2011 tsunami wrecked its Fukushima No. 1 atomic plant, as lower fuel costs buoyed earnings of Japan’s utilities. The cost to insure Tepco’s debt against default dropped to 140 basis points on ...

Tepco, Chubu Electric to merge existing thermal power plants

Feb 8, 2015

Tepco, Chubu Electric to merge existing thermal power plants

Tokyo Electric Power Co. and Chubu Electric Power Co. will transfer operations of their existing thermal power plants to a new joint venture, creating a huge thermal power company with a dominating market share. Under their agreement, to be finalized Monday, their thermal power ...

Feb 3, 2015

Tepco unlikely to complete ice wall by March

Tokyo Electric Power Co. will probably not meet its target of completing by the end of March the first section of frozen soil shields to curb the buildup of radioactive water at the Fukushima No. 1 nuclear plant. Construction is being delayed by two ...