Japan Utilities Losses Reach $6 Billion After Fukushima Crisis


  • Japan Utilities Losses Reach $6 Billion After Fukushima Crisis

    Kansai Electric Power Co. (9503) and six other Japanese nuclear operators reported losses of 463.89 billion yen ($6 billion) in the first ninth months of the current financial year, highlighting the cost of thermal generation to replace atomic plants idled after the Fukushima disaster.

    Kansai Electric Power Co. today reported a loss of 118 billion yen for the nine months to Dec. 31, compared with a 108 billion yen profit a year earlier. Chubu Electric Power Co. (9502) had a loss of 71 billion yen for the same period, the company also said today.

    Source: bloomberg.com