JAPAN ATOMIC INDUSTRIAL FORUM, INC.

for Japanese

ATOMS in JAPAN

24 March, 2017

TEPCO Open to Integrate Nuclear, Transmission and Distribution Businesses

On March 22, the Tokyo Electric Power Co. (TEPCO) and the Nuclear Damage Compensation and Decommissioning Facilitation Corporation (NDF) released an outline of TEPCO's revised restructuring plan. It will be the first full revision of the plan since it was issued in January 2014.

At its core is the integration of TEPCO’s nuclear, transmission and distribution businesses with other power companies, to meet expanding costs—now put at JPY 21.5 trillion (USD195.5 billion at USD1=JPY110)—for decommissioning the Fukushima Daiichi Nuclear Power Plants and payments of compensation.

The outline clearly indicates openness to proposals from other power companies on reorganization and integration. Most major companies, however, worry that if they cooperate with TEPCO—effectively under government control—their profits will be tapped to cover compensation costs. For that reason, rules for the government’s involvement and the allocation of costs will be established in the revised plan.

Even so, it would be some time before benefits could be realized through the involvement of other companies. Accordingly, “funds will be ensured,” the parties stated, “by productivity improvements in the transmission, distribution and nuclear businesses,” as well as cost-cutting. Costs for transmission and distribution will be lowered to the level of leading companies in Europe and the United States.

Meanwhile, in its nuclear business, TEPCO will promptly increase efforts to restore public confidence toward restarting the Kashiwazaki Kariwa Nuclear Power Plants (seven units) in Niigata Prefecture.

Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

SNS facebooktwitter

NPPs Map

Video

“The current situation at Fukushima Daiichi NPS” -From 3.11 toward the future- (ver, Jan. 2020)

23 January, 2020
“The current situation at Fukushima Daiichi NPS” -From 3.11 toward the future- (ver, Jan. 2020)07:47

Recent News

12 February, 2020
Registration Opens for the 53rd JAIF Annual Conference
10 February, 2020
NRA Exchanges Views with Tohoku Electric President, Who Says Major Turning Point Is Approaching Toward Restart
10 February, 2020
Nuclear Reform Monitoring Committee Cites Major Progress at TEPCO, Giving High Marks to Its State of Improvement on Priority Issues
5 February, 2020
Interview with Two Experts: Former UKAEA Chair Says “Political Intentions Exist Behind Unfounded Fears and Rumors”
5 February, 2020
2021 Nuclear Recruiting Events Held in Tokyo on February 1, and in Osaka on the 16th
30 January, 2020
ALPS Achieves Treatment Volume of One Million Tons in Less than Seven Years
29 January, 2020
JAIF President Takahashi Gives Press Briefing, Describing Court Order Halting the Operation of Ikata-3 as “Regrettable”
23 January, 2020
Finishing Mission in Japan, IAEA’s IRRS Points Out Importance of NRA’s Communicating with Nuclear Industry
21 January, 2020
Evacuation Orders for Futaba, Okuma, Tomioka Towns to Be Partially Lifted in March, with JR Joban Line to Be Completely Reopened for Service
16 January, 2020
Japan’s Nuclear Power Plant Capacity Factor Stood at Just 21.4 Percent Last Year
▲TOP