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Tuesday, 30 April 2013

TEPCO reports Y685.3 bil loss due to compensation and energy import costs

The operator of Japan’s crippled Fukushima nuclear plant said Tuesday it logged a whopping 685.3 billion yen fiscal year net loss as it faces ballooning compensation and energy import costs.
The embattled utility at the center of the worst nuclear accident in a generation said its year-to-March shortfall came in smaller than a year-earlier loss of 781.6 billion yen.
But the latest figures were worse than a previous 120 billion yen loss estimate that Tokyo Electric Power (TEPCO) announced just two months ago.

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How not to fix a Global Crisis.....

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