Tepco projects ¥130 billion pretax profit for year

Oct 25, 2014

Tepco projects ¥130 billion pretax profit for year

Tokyo Electric Power Co., manager of the disaster-struck Fukushima No. 1 nuclear plant is expecting to log a group pretax profit of ¥130 billion for the business year through March 2015, even without restarting the giant Kashiwazaki-Kariwa plant or hiking rates again, sources familiar ...

Oct 21, 2014

New power industry alliances

The comprehensive alliance struck between Tokyo Electric Power Co. and Chubu Electric Power Co. in their thermal power generation business raises expectations of a further shakeup in the power industry ahead of the full liberalization of the retail sale of electricity in 2016.

Oct 15, 2014

Radioactivity spikes in No. 1 reactor well water

Tokyo Electric Power Co. said there has been a sharp spike in the radioactivity of water samples taken from an observation well built by the sea at the crippled Fukushima No. 1 nuclear power plant. The samples, collected from the well on Monday, contained ...

Taiwan reveals new plans to send nuclear waste abroad

Oct 15, 2014

Taiwan reveals new plans to send nuclear waste abroad

Taiwan on Tuesday unveiled plans to process nuclear waste abroad for the first time as its power plants approach capacity — but environment groups slammed the proposal as “too risky.” The government is under growing public pressure over its unpopular nuclear policy, as concerns ...

Oct 9, 2014

Three banks to extend uncollateralized loans to recovering Tepco

Three banks have decided to extend uncollateralized loans to Tokyo Electric Power Co. after judging that the beleaguered utility is recovering with government support, according to sources close to the matter. Sumitomo Mitsui Banking Corp., Bank of Tokyo-Mitsubishi UFJ, and Mitsubishi UFJ Trust and ...