Wednesday, November 7, 2012

Tepco Costs Soar: At $124.55 Billion Nuclear NOT COST EFFECTIVE

TEPCO seeks more govt support as Fukushima costs soar. The Asahi Shimbun

[Excerpted] Fukushima nuclear plant operator Tokyo Electric Power Co said on Nov. 7 it would have to seek more government funds to tackle the aftermath of the Fukushima disaster, as cleanup costs soar four months after the utility was nationalized....

...TEPCO officials suggested the costs of compensation and decontamination could double to 10 trillion yen ($124.55 billion), making greater government support vital....

....TEPCO acknowledged for the first time last month, in a document outlining company reforms, that it had failed to anticipate and tackle the March 2011 disaster. It said it had feared that implementing accident measures would alarm the public and boost Japan's anti-nuclear movement.

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