Sep 16, 2014

Speculation swirls over Fed language on rate hike

When the Federal Reserve issues a policy statement after it meets this week, the financial world will be on high alert for two words: “Considerable time.” The presence or absence of that phrase will trigger a rush to assess the likely timing of the ...

May 4, 2014

Tepco client outflow surged 20% in 2013

Tokyo Electric Power Co. lost around 8,450 large-lot customers in fiscal 2013, up some 20 percent from the year before, according to sources. The contracted electricity supply of those clients totaled 1.2 million kilowatts, equivalent to the output of a large nuclear reactor, the ...

Jul 4, 2013

Tepco pulls plug on idled firm for refusing rate hike

Tokyo Electric Power Co. has pulled the plug on a recreational facility operator in Chiba Prefecture after the operator allowed its contract to lapse when Tepco raised its rates. It is reportedly the first time a major power supplier has halted electricity because of ...

Tohoku Electric to seek 11.4% household power rate hike

Feb 15, 2013

Tohoku Electric to seek 11.4% household power rate hike

Tohoku Electric Power Co. sought government approval Thursday to raise household electricity rates by an average of 11.41 percent from July 1 to offset its worsening business due to the shutdown of its atomic reactors due to the March 2011 megaquake, tsunami and nuclear ...