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Wednesday, June 27, 2012

Tepco’s New Chief Sees No Plan B to Revive Profitability

Tepco’s New Chief Sees No Plan B to Revive Profitability - Bloomberg
Tokyo Electric Power Co. (9501), owner of the crippled Fukushima reactors, is committed to restarting another nuclear plant next year that is the world’s largest and itself was damaged in a 2007 earthquake.
Bringing the Kashiwazaki Kariwa power station online, even though it sets up the state-controlled utility for further conflicts with a nuclear-weary public, is part of “Plan A,” President Naomi Hirose, 59, said in an interview. The plan refers to a 10-year business reconstruction that handed control of the power company known as Tepco to Japan’s government.  “We have no choice right now but to do our best to carry out Plan A,” Hirose said on June 18. “We don’t have a Plan B.”

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