Tepco Shareholders Ok $12.6 Billion Government Injection

TOKYO (Reuters) - Tokyo Electric Power Co shareholders voted on Wednesday to approve the Japanese government's 1 trillion yen ($12.58 billion) capital injection, to avert the collapse of the utility in the aftermath of the Fukushima nuclear crisis.

  • TEPCO shareholders approve 1 trillion yen government bailout
    Tokyo, June 27, 2012 — Tokyo Electric Power Co. shareholders voted April 27 to approve the Japanese government's offer of a 1 trillion yen ($12.58 billion) capital injection. The Japanese government offered the bailout to save the utility from collapse ...
    08/25/2015 - 9:00 pm | View Link
  • Tepco facing plaintiff surge over Fukushima debacle, ’08 disaster warning
    Japan recently approved increasing the amount of compensation payments through a government-run fund to ¥7 trillion ($56 billion). Prosecutors twice ... But the document introduced as evidence in the shareholders’ suit after a judge forced Tepco to ...
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    (NaturalNews) Shareholders ... have been bankruptcy without government funding to handle a massive amount of claims from those affected by the March 2011 nuclear accident. The utility received some one trillion yen ($12.8 billion) in taxpayer funding ...
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  • Tepco Shareholders Approve Nationalization
    TOKYO—Shareholders of Tokyo Electric Power Co. approved ... secured an agreement from the government last month to inject ¥1 trillion ($12.6 billion) in government...
    06/27/2012 - 5:55 am | View Link
  • Tepco Shareholders Approve Government Bailout, Directors
    Shareholders of the company known as Tepco approved proposals to allow the government to get more than 50 percent of voting rights in return for 1 trillion yen ($12.6 billion) in capital infusion. The appointment of 11 directors, including turnaround ...
    06/26/2012 - 5:00 pm | View Link
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  • Japan Official: Fuel from Fukushima reactors is “melting ...
    Japan Official: Fuel from Fukushima reactors is “melting down daily” — AP: No way of confirming melted fuel is at bottom of containment vessels — Tepco ...
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