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TEPCO to be effectively nationalized for at least 10 yrs: sources via The Mainichi Daily News

TOKYO (Kyodo) — Tokyo Electric Power Co. would be effectively nationalized for at least 10 years through 2022 and is intended to move into the black in fiscal 2013 under a plan currently considered by a state-backed entity for funding nuclear disaster compensation, sources close to the matter said Friday.

The plan is expected to be included in a comprehensive special business plan for the operator of the crippled Fukushima Daiichi nuclear power plant, to be compiled by the company and the funding entity in March. The utility known as TEPCO would remain a listed company, the sources added.

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By yukimiyamotodepaul – 2012/01/20

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