Tuesday, January 3, 2017

TEPCO Externalizes Costs


Here is an article following up on my post yesterday about the nuclear industry externalizing its costs:
Tepco customers have paid ¥2.4 trillion to cover nuclear power-related costs since 2012 rate hike. The Japan Times, December 30, 2016, http://www.japantimes.co.jp/news/2016/12/30/business/tepco-customers-shelled-%C2%A52-4-trillion-nuke-related-costs-since-2012-rate-hike/#.WGlH832s6YQ

Customers of Tokyo Electric have paid over ¥2.4 trillion to cover nuclear-related costs since the beleaguered utility hiked electricity prices in September 2012, it has been learned.

....The expenses for nuclear power operations include ¥47.2 billion for measures related to Fukushima No. 1, including outsourcing radiation control-related work and inspecting and maintaining equipment to handle radioactive water.
 
The nuclear-related costs are expected to keep growing because Tokyo Electric has been unable to restart any reactors.... Tepco plans to restart two reactors at its Kashiwazaki-Kariwa nuclear plant in Niigata Prefecture, but this plan also may fail because Niigata’s new governor, elected in October, opposes restarts.

The Ministry of Economy Trade and Industry plans to have Tepco customers who have since switched to other utilities shoulder part of Tepco’s nuclear-related costs starting as early as fiscal 2020.

 Wow.

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