Japan Govt Mulls Public Fund Injection into TEPCO


  • Japan Govt Mulls Public Fund Injection into TEPCO

    Tokyo, Dec. 8 (Jiji Press)--The government is considering injecting public funds into Tokyo Electric Power Co. in an effective move to nationalize the troubled power utility, in order to help the firm better cope with the ongoing nuclear crisis and ensure speedy compensation payments over the accident, it was learned Thursday.

    Through the recapitalization, the government aims to prevent TEPCO from falling into negative net worth, a situation that could stall the work to deal with the accident and nuclear compensation, informed sources said.

    webmasters comment:

    "informed sources" can kiss my a**.

    Source: jen.jiji.com