Japanese government approves $11.5 billion bailout for TEPCO

Fukushima-daiichi

The Los Angeles Times just reported:

In a sizable taxpayer bailout, Japan’s central government on Friday announced that it would give $11.5 billion in public funds to help the utility that runs the tsunami-stricken Fukushima Daiichi nuclear power plant.

The money will help the cash-poor Tokyo Electric Power Co., known as Tepco, in its multi-year effort to dismantle reactors that suffered meltdowns following a March 11 earthquake-triggered tsunami that flooded the coastal facility 200 miles north of Tokyo.

Here’s a link to the article: http://latimesblogs.latimes.com/world_now/2011/11/japans-march-11-earthquake-and-tsunami-damage-to-fukushima-daiichi-nuclear-power-plant-tepco.html

 

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About Robert Singleton

By day, I work for a call center. In my spare time, I try to save my hometown (and planet) from a nearly constant onslaught of greedheads, lunatics and land developers. I live in a fictional town called Austin, Texas, where I go to way too many meetings.
This entry was posted in Finance, Fukushima, Japan, Plant shutdowns, Radiation leak, Uncategorized and tagged , , , , . Bookmark the permalink.

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