Japan May Put TEPCO under Effective State Control

  • Japan May Put TEPCO under Effective State Control

    Tokyo, Dec. 21 (Jiji Press)--The Japanese government is considering putting Tokyo Electric Power Co. under effective state control by using one to 1.5 trillion yen in public funds, informed sources said Wednesday.

    The government is examining the idea of acquiring TEPCO shares through the Nuclear Damage Compensation Facilitation Fund, a public-private entity set up to support the firm's compensation payments to victims of the nuclear crisis at its Fukushima No. 1 power plant.

    webmasters comment:

    Private investors into nuclear industry, the ones putting fire to the uranium pot, have been bailed out and have transfered their moneys elsewhere (Tepco management sold the healthy assets, such as share at cable tv and wind power units), while the people will be left with raging meltdowns and neverending bills.

    Source: jen.jiji.com