Japan Today: TEPCO gets Y1 tril in public funds, putting it under gov't control. July 31. http://www.japantoday.com/category/national/view/tepco-gets-y1-tril-in-public-funds-putting-it-under-govt-control
[Excerpted] "(TEPCO) on Tuesday received an injection of 1 billion yen in public funds, effectively putting the utility under government control.
The 1 trillion yen is part of a 10-year restructuring aimed at preventing the vast regional power monopoly from going bankrupt. TEPCO faces a huge clean-up bill for the nuclear disaster at Fukushima, along with colossal compensation claims from those affected. The government now holds more than a 50% stake in TEPCO...."
The government stake is 50%.
Who else owns Tepco?
This is the research I found a couple of months ago:
Most of Tepco’s shares were held by Japanese firms.[i]
On Thursday, April 12, 2012 Kyodo reported that "Tokyo now top Tepco shareholder""The Tokyo Metropolitan Government became the largest shareholder in Tokyo Electric Power Co. at the end of March, the utility said Wednesday, after other top shareholders — Dai-ichi Life Insurance Co. and Nippon Life Insurance Co. — sold parts of their stakes..."
State Street Bank West Client Treaty, located in Boston, U.S., held 13,675 shares and a Chinese investment firm, SSBT OD05 Omnibus Account Treat Clients[ii] held 15,116 shares. [iii]
Here are the stock listing of major shareholders dated 3/2012.
Tepco shareholders were suing the company in May. I never heard the outcome of that story.
Reuters - Shareholders of Tokyo Electric Power Co Inc, operator of the crippled Fukushima nuclear plant in northeast Japan, are suing the utility's executives for a record 5.5 trillion yen ($67.4 billion) in compensation, lawyers said.
One has to wonder who the shareholders are and what role they are playing in the cover-up of the biggest nuclear disaster in human history.
[ii] This appears to be Chinese investment vehicle http://www.morningstar.com/topics/t/37234770/last-year-ssbt-od05-omnibus-account-treaty-clients-appeared-as-a-top-10-shareholder-in-several-major-japanese-companies-behind-ssbt-china-which-has-stealthily.htm.
[iii] Here are the stock listing of major shareholders: http://www.tepco.co.jp/en/corpinfo/ir/stock/stock-e.html. Background on State Street can be found here: http://www.ssga.com/webapp/glp/about.jsp?tab=1; also State Street http://investing.businessweek.com/research/stocks/people/person.asp?personId=2863999&ticker=STT:US.