Tokyo Electric Power Co. and a state-backed bailout fund handed the government Friday a 10-year restructuring plan to stave off insolvency amid the massive costs it faces stemming from the Fukushima No. 1 nuclear plant crisis.
Tepco’s comprehensive special business plan, if approved by industry minister Yukio Edano, would pave the way for the injection of ¥1 trillion in public funds into the nation’s biggest utility as early as July, when it is also planning to hike household electric rates by some 10 percent.
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