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TEPCO seeks fresh $8.5 billion from Japan fund
by Staff Writers
Tokyo (AFP) Dec 27, 2011

Tokyo Electric Power Company (TEPCO) Tuesday asked for an extra $8.5 billion in aid from a government-backed fund to help it compensate families affected by the Fukushima nuclear crisis.

The request, if granted, would bring the total amount of aid the utility has sought from the Nuclear Damage Compensation Facilitation Corporation up to 1.7 trillion yen ($21 billion) from a previous 1.01 trillion yen.

TEPCO said the increase results from government moves to widen eligibility criteria for claimants and to alter the evacuation zone restrictions around the stricken plant, which was hit by the huge waves of March 11.

The decisions have increased both the amount of compensation the firm is liable for and the number of people entitled to claim, it said.

"We submitted a change to the amount of financial assistance" required, TEPCO said in a statement.

Japan's industry minister will review the request.

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Japan atomic regulators, TEPCO 'unprepared': panel
Tokyo (AFP) Dec 26, 2011
The operators of the tsunami-stricken Fukushima nuclear power plant and government regulators were woefully unprepared for disaster, the first official probe into the March 11 catastrophe said Monday. An independent panel set up to investigate the events around the world's worst nuclear accident in a generation said Tokyo Electric Power (TEPCO) and the Nuclear and Industrial Safety Agency ha ... read more

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