Tepco seeks more govt bailouts as Fukushima costs soar

November 7, 2012 by legitgov

Tepco terrorists too big to fail: Tepco seeks more govt bailouts as Fukushima costs soar --Tepco indicates costs could rise to $120 bln 07 Nov 2012 Fukushima nuclear plant operator Tokyo Electric Power Co said on Wednesday 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 nationalised. A senior minister said the government saw no alternative to providing continued support for the utility, known as Tepco. Tepco officials suggested the costs of compensation and decontamination could double to 10 trillion yen ($124.55 billion), making greater government support vital.