Industry minister Yukio Edano on Tuesday made it clear that the government’s financial aid to Tokyo Electric Power Co. will not be aimed at protecting the utility’s lender banks and shareholders but to support compensation payments to those affected by the Fukushima nuclear crisis.
”The purposes of the aid do not include protecting creditors and shareholders,” Edano said at a press conference.
Edano also suggested his intention to seek a review of fuel and other costs at not only TEPCO but also other Japanese utilities.
A third-party panel tasked with overseeing Tokyo Electric’s financial standing has pointed out that the utility’s cost estimation to date has been problematic.
- PM Kan to TEPCO President and Chairman: “Prepare to meet your fate” – Total worker numbers estimated over 16,0000 (enformable.com)
- TEPCO to build iron wall on ocean side of Fukushima Daiichi plant to prevent radioactive water leaks (enformable.com)
- Ex-Chief Cabinet Secretary Edano to Become Chief Justice of the Judge Impeachment Court? (ex-skf.blogspot.com)
- TEPCO Dumps 565-Page Report on Early Days of Crisis, Says No Re-Melting of Reactor 3 Fuel (ex-skf.blogspot.com)
- Yukio Edano to Become the New Minister of Economy, Trade and Industry (ex-skf.blogspot.com)
- TEPCO submits heavily redacted copy of Fukushima nuke accident manual – After seeking a guarantee of nondisclosure the day before (enformable.com)
- Fukushima Daiichi Unit 3 – 10 days after the earthquake disaster view on core re-melting (enformable.com)
- Taxes should not be used to bail out TEPCO (enformable.com)
- TEPCO to release interim report on Fukushima nuclear accident in November (enformable.com)
- TEPCO reported possibility of huge tsunami to gov’t on March 7th after making estimation in 2008 (enformable.com)