by Mari Iwata / via Wall Street Journal / December 27, 2013
Tokyo Electric Power Co., the operator of the Fukushima Daiichi nuclear plant, says it aims to boost its corporate value through its new 10-year business plan so it will be able to ante up the estimated $100 billion needed to pay for damages incurred by the devastating 2011 accident. But it hasn’t yet disclosed how it aims to achieve its goal.
The plan, drawn up by Tepco and the government’s Nuclear Damage Liability Facilitation Fund, was submitted on Friday to industry minister Toshimitsu Motegi. An approval by Mr. Motegi could come as early as January, but neither Tepco nor the government are talking about what’s inside the plan to restore the once-high flying Tepco to financial health.