Japan mulls Tokyo Electric nationalization
Reuters, March 29, 2011
March 28, 2011 at 08:00 PM
1 minute read
The original version of this story was published on Law.com
Japan may nationalize Tokyo Electric Power (9501.T) as mounting costs and public anger threaten the future of the company at the center of the country's deepening nuclear crisis.
The outlook for Tokyo Electric, known as TEPCO, has been uncertain since the March 11 earthquake and tsunami struck its Fukushima Daiichi nuclear complex, causing radiation leaks, blackouts and massive evacuations. Its shares have fallen almost three-quarters and the cost of insuring its $92 billion in debt against default has jumped 10-fold.
Read the complete Reuters story, “Japan mulls Tokyo Electric nationalization.”
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