Skip to content

Fukushima Watch: Power Companies Face the Shareholders via The Wall Street Journal

Japan’s two biggest power companies shrugged off proposals submitted by their largest shareholders at annual meetings Wednesday.

At Tokyo Electric Power Co., operator of the stricken Fukushima Daiichi nuclear plant, the company’s No. 1 shareholder, the district of Tokyo, asked for greater transparency in electricity-rate setting to be written into the corporate charter.

In western Japan, Kansai Electric Power Co.’s biggest shareholder, the city of Osaka, proposed the utility exit from nuclear power completely. JRT readers know Kansai as the operator of the Oi nuclear plant whose reactors are slated for immanent restart. Before last year’s accident at Fukushima Daiichi effectively put the brakes on nuclear-power generation in Japan, the utility depended on reactors for about half its electricity supply.

Continue reading at Fukushima Watch: Power Companies Face the Shareholders

Posted in *English.

Tagged with , , , , , .

0 Responses

Stay in touch with the conversation, subscribe to the RSS feed for comments on this post.

Some HTML is OK

or, reply to this post via trackback.