Fukushima utility TEPCO gets $12.8B nuclear crisis bailout

July 31, 2012 by legitgov

Fukushima utility TEPCO gets $12.8B nuclear crisis bailout 31 Jul 2012 The Japanese operator of the nuclear power plant devastated in last year's disasters received a 1 trillion yen ($12.8 billion) bailout Tuesday, putting it under government ownership. Tokyo Electric Power Co. apologized for the "inconvenience and anxiety" caused by the accident at the Fukushima Dai-ichi plant in northeastern Japan, and for raising electricity charges to cover the costs of dealing with the[ir] crisis. [Gee, if I lived in Japan, I'd be ready for armed insurrection...]