Category Archives: TEPCO too big to fail

Moody’s says: Taxpayers, not banks, should pay for TEPCO debts

Moody’s says it will downgrade TEPCO if banks waive debt.  TEPCO is the biggest corporate bond holder in Japan, and any downgrading of it will affect the bond market greatly… so Moody’s wants taxpayers to pay for TEPCOs debt,  rather … Continue reading

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Government suspects TEPCO of overcharging users for a decade – $800m per year

Thu 2011/09/29 22:24 JST Tokyo Electric Power Co. (TEPCO) may have overcharged customers of electricity rates for at least the past ten years, a report of the government investigating body suggested. The exces in charging of rates is said to … Continue reading

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Govt may take over TEPCO – company can’t afford trillions of yen in decommissioning costs

The government’s fund to help TEPCO with compensation payments says the company will not be able to pay decommissioning costs.   It estimates immediate compensation needs at 3 to 4 trillion yen, and another several trillion yen in decommissioning, while … Continue reading

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$39-$52 billion compensation bill faces TEPCO

nuke disaster compensation at $39-$52 billion (Reuters) – Compensation for the Fukushima Daiichi nuclear disaster will cost at least 3-4 trillion yen ($39-$52 billion), reckons a government-appointed panel looking into Tokyo Electric Power Co’s finances, theNikkei business daily reported. Tepco, … Continue reading

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¥3 trillion more for Tepco – taxpayer subsidy approaches USD $65 billion

¥3 trillion more for Tepco The government is considering allocating an additional ¥3 trillion to help Tokyo Electric Power Co. meet the massive compensation claims it faces over the disaster at the Fukushima No. 1 nuclear plant. The move would … Continue reading

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TEPCO makes $30mill payment to $330mill compensation fund for future accidents

TEPCO  put 2.38 bil. yen (USD$36 million) into the compensation fund recently set up to pay for any future nuclear disasters.  7 billion from other nuclear utilities, 7 billion from government, and 12 billion from TEPCO (total $336 million), which … Continue reading

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Power firm executives made 72% of individual donations to ruling party

Power firm execs account for 72% of individual donations to LDP in 2009 TOKYO (Kyodo) — More than 70 percent of donations made by individuals in 2009 to the political fund management body of the Liberal Democratic Party came from … Continue reading

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Underground dam against leaks planned, but not announced to shareholders

A huge underderground dam underneath reactor (#1?) is under consideration because the fuel has melted through the containment and may leak to underground… very expensive, it was apparently due to be announced on June 14, but TEPCO allegedly delayed the … Continue reading

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Govt's support for TEPCO may need to rise, otherwise its credit rating could crash, threatening a nationwide credit crunch

TEPCO is the largest corporate bond holder in Japan, I have read.  Faced with compensation claims over the nuclear crisis that could possibly reach trillions of yen, the government is considering raising the amount of compensation it will shoulder to … Continue reading

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Insurance industry watches Fukushima closely – but DKVG wont pay on earthquakes!

“We do have a stake in the risks in Japan, generally speaking. But the property insurance and liability insurance policies exclude damages from earthquakes, tsunamis and volcanic eruptions,” DKVG chief executive Dirk Harbrücker told Deutsche Welle.  17.03.2011 Insurance industry watches … Continue reading

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