via Reuters / February 16, 2012 /

A state bailout fund for Tokyo Electric is likely to agree to less than 50 percent voting rights despite its planned 1 trillion yen ($12.8 billion) capital injection but will seek more if the troubled utility does not improve, Sankei newspaper reported on Thursday.

The fund will raise its voting rights in the operator of the Fukushima nuclear plant to two-thirds or more by converting non-voting shares if the power utility is deemed not making enough progress in rationalisation and other efforts, the paper said.


Other TEPCO News:

Governors oppose TEPCO’s planned hike in electricity charges – Mainichi Daily


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