http://www.commondreams.org/headline/2012/12/27-0
Published on Thursday, December 27, 2012 by Common Dreams
TEPCO Can't Keep Up with Costs of Its Nuclear Disaster at Fukushima
Corporate utility looks for increased public funding yet again
- Jon Queally, staff writer
Tokyo Electric Power Co. (TEPCO), the operator of the now infamous
Fukushima nuclear power plant in Japan admitted Thursday that it does
not have enough funds to make payments related to the disaster that
continues to plague the communities in and around where the meltdown
took place in early 2011.
Now, the public-private fund set up to bail out the corporation will
have to decide if it will increase payments to the company in order
to meet what it says are bigger than estimated costs. This is the
third time TEPCO has increased its estimate for funds.
As Agence France-Presse reports:
Tokyo Electric Power Co. (TEPCO) said it had newly estimated the
compensation costs at 3.24 trillion yen ($38 billion), up 697 billion
yen from its last calculation in March.
The utility has increased the estimate three times since it
originally put the sum at 1.1 trillion yen in October last year,
seven months after a massive earthquake and tsunami sparked reactor
meltdowns at the plant, forcing tens of thousands of people to
evacuate.
TEPCO said it had already received about 1.5 trillion yen in such aid.
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