Democratic Underground Latest Greatest Lobby Journals Search Options Help Login

"...there are no prospects that it can get out of the red."

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
Home » Discuss » Topic Forums » Environment/Energy Donate to DU
kristopher Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Dec-10-11 03:32 PM
Original message
"...there are no prospects that it can get out of the red."
So much for utilities being safe investments...

TEPCO goal of rationalizing operations doubtful

Questions remain as to whether Tokyo Electric Power Co. (TEPCO), the operator of the tsunami-hit nuclear power plant in Fukushima Prefecture, will be able to achieve its goal of rationalizing its operations under its newly released action plan.

The utility will be required to shoulder the massive financial burden of placing its crippled Fukushima No. 1 Nuclear Power Plant under control and paying compensation to those affected by the crisis. Furthermore, it anticipates a sharp increase in its fuel costs that are estimated to reach about 1 trillion yen annually.

Moreover, it will be required to foot the costs of decommissioning and dismantling the crippled nuclear reactors and decontaminating areas tainted by radioactive substances leaking from the nuclear plant.

Since the company's planned streamlining is far from enough to make up for the massive amounts of additional costs resulting from the nuclear crisis, there are no prospects that it can get out of the red...
Refresh | +2 Recommendations Printer Friendly | Permalink | Reply | Top

Home » Discuss » Topic Forums » Environment/Energy Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002
Software has been extensively modified by the DU administrators

Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC