TEPCO releases plans to restart first nuclear power plant within next 24 months

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TEPCO submitted a new restructuring plan to the central Japanese government industry minister Yukio Edano on Friday.

The utility is hoping to raise its power rates for households by around 10 percent, cut costs worth nearly 41 billion dollars over the next decade and restart its nuclear power plant in Niigata Prefecture in or after 2013.

On Friday, the Tokyo metropolitan government, the top TEPCO shareholder, demanded the utility fully disclose information so a third party can examine the calculation base for electricity rates.


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