• Kyodo

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Tokyo Electric Power Co. said Tuesday it has received ¥1 trillion in public funds and is under effective government control amid its financial plight stemming from the Fukushima nuclear disaster.

The capital injection by a government-backed bailout fund is expected to help the top utility put its business back on track without going bankrupt, while giving the government more than 50 percent of Tepco’s voting rights and the ability to intervene in management.

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