via GlobalPost / February 4, 2013 /

Fukushima operator TEPCO said Monday it expected to lose about $1.29 billion in the year to March, close to three times an earlier estimate, citing compensation and higher energy costs.

Tokyo Electric Power said it was on track to lose 120 billion yen ($1.29 billion) for its full fiscal year, while also saying its net loss in the nine months to December shrank to 2.22 billion yen from a whopping 623.01 billion in the earlier year following Japan’s quake-tsunami disaster.

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