Tepco mulls 10% rate hike tied to '13 Niigata reactor restart


  • Tepco mulls 10% rate hike tied to '13 Niigata reactor restart

    Tokyo Electric Power Co., which has allegedly been overcharging consumers for possibly a decade, may "temporarily" raise rates 10 percent starting next fall and push for restarting reactors under inspection in Niigata Prefecture in spring 2013, sources said.

    The plans are intended to restore the utility's finances, which will be dicey even if augmented by taxpayer funds as the fuel costs for boosting thermal power generation due to the Fukushima crisis continue to climb.

    But it is uncertain if permission will be given for either goal, given public hostility toward Tepco on both the nuclear safety and information disclosure fronts.

    Source: japantimes.co.jp