TEPCO to get approval for rate increase from Japanese Government

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Tokyo Electric Power Co. will seek permission from the government to raise household rates in March or later after discussing the matter with the government-backed entity providing financial support to the beleaguered utility, Executive Vice President Takashi Fujimoto said.

Tepco plans to follow that procedure because it is “now receiving huge assistance from the government” to pay compensation to people and businesses affected by the nuclear crisis.

Source: Japan Times

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