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.

ASK NEWS:
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BING NEWS:
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  • Fukushima's TEPCO nationalized by Japanese government
    (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 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 ...
    06/27/2012 - 7:31 pm | View Link
  • Tepco Shareholders Approve Nationalization
    TOKYO—Shareholders of Tokyo ... by the March 2011 nuclear accident. Tepco management, led by Chairman Tsunehisa Katsumata, secured an agreement from the government last month to inject ¥1 trillion ($12.6 billion) in government capital in return for ...
    06/27/2012 - 5:55 am | View Link
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    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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  • Tokyo Electric Power Company
    Tokyo Electric Power Company, Incorporated (東京電力株式会社, Tōkyō Denryoku Kabushiki-gaisha ?, TYO: 9501), also known as Toden (東電, Tōden ?) or TEPCO ...
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