Kansai Electric Power Co. has expressed its intention to oppose all shareholder proposals, including one calling on the utility to end nuclear power generation.
The Osaka Municipal Government, called on the company to scrap all of its nuclear power plants as early as possible, separate its power generation and distribution operations, halve the number of its board directors and stop hiring retired bureaucrats as highly paid senior officials, a practice called “amakudari,” or descent from heaven.
In a notice for its general shareholders’ meeting slated for June 27, the power company said it will reject the 28 proposals. The notice was sent to Kepco shareholders Thursday.
In the notice for the shareholders’ meeting, Kepco said it is necessary to continue using nuclear power as an important energy source while fully ensuring the safety of nuclear plants.
Source: The Japan Times
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