Power in Japan: The troubles of TEPCO

Power in Japan: The troubles of TEPCO

Power in Japan: The troubles of TEPCO
Local Japanese News In English

"Throw yourself into a nuclear reactor and die!" one investor shouted. Japanese shareholders are usually more polite, but this was the annual meeting of TEPCO, the Japanese power company that owns the Fukushima nuclear plant. Since an earthquake in March caused a meltdown, TEPCO faces unlimited demands for compensation. Its shares have fallen by nearly 90% (see chart). A man at the meeting on June 28th suggested that the board take responsibility by committing seppuku, or ritual suicide. Not everything went wrong for TEPCO. A shareholder motion to close all its nuclear plants was defeated. But apart from that, things look grim. (The Economist)
Source: News On Japan