Tokyo Electric Power Company Holdings Inc. is aiming to integrate its nuclear and power transmission and distribution businesses with other utilities to free up funds to use in dealing with the aftermath of the Fukushima disaster.
According to Tepco's revised business turnaround plan announced Wednesday, the company will establish a consortium with other utilities to quickly facilitate its reorganization and integration plan.
The utility's first major revision to the plan since its formulation in January 2014 follows the industry ministry's doubling of its estimated total cost for the nuclear disaster cleanup to ¥22 trillion ($197 billion).