SUBSCRIBE TO OUR FREE NEWSLETTER
Daily news & progressive opinion—funded by the people, not the corporations—delivered straight to your inbox.
5
#000000
#FFFFFF
5
#000000
#FFFFFF
An aerial view of the Fukushima Daiichi Nuclear Power Station is seen in Fukushima Prefecture in this photo taken by the Air Photo Service in this March 24, 2011 file photo. Nearly two years after a massive earthquake and tsunami caused meltdowns at the Fukushima nuclear plant, Japan is failing to keep a pledge to tap global expertise to decommission its crippled reactors, executives at nuclear contractors from the United States and Europe say. (Photo: Handout)
TEPCO Can't Keep Up with Costs of Its Nuclear Disaster at Fukushima
Corporate utility looks for increased public funding yet again
Dec 27, 2012
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 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.
An Unconstitutional Rampage
Trump and Musk are on an unconstitutional rampage, aiming for virtually every corner of the federal government. These two right-wing billionaires are targeting nurses, scientists, teachers, daycare providers, judges, veterans, air traffic controllers, and nuclear safety inspectors. No one is safe. The food stamps program, Social Security, Medicare, and Medicaid are next. It’s an unprecedented disaster and a five-alarm fire, but there will be a reckoning. The people did not vote for this. The American people do not want this dystopian hellscape that hides behind claims of “efficiency.” Still, in reality, it is all a giveaway to corporate interests and the libertarian dreams of far-right oligarchs like Musk. Common Dreams is playing a vital role by reporting day and night on this orgy of corruption and greed, as well as what everyday people can do to organize and fight back. As a people-powered nonprofit news outlet, we cover issues the corporate media never will, but we can only continue with our readers’ support. |
Our work is licensed under Creative Commons (CC BY-NC-ND 3.0). Feel free to republish and share widely.
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 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.
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 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.
We've had enough. The 1% own and operate the corporate media. They are doing everything they can to defend the status quo, squash dissent and protect the wealthy and the powerful. The Common Dreams media model is different. We cover the news that matters to the 99%. Our mission? To inform. To inspire. To ignite change for the common good. How? Nonprofit. Independent. Reader-supported. Free to read. Free to republish. Free to share. With no advertising. No paywalls. No selling of your data. Thousands of small donations fund our newsroom and allow us to continue publishing. Can you chip in? We can't do it without you. Thank you.