The operator of the nuclear power plant destroyed in the Fukushima disaster five years ago has asked Japan’s government for help in avoiding the risk of the utility going bankrupt should there be a sharp rise in the full estimated clean-up costs. Tokyo Electric Power Co Holdings Inc (9501.T) didn’t specify what kind of help it was seeking, but people familiar with the matter said Japan’s biggest utility is looking for new rules to avoid having to book a huge loss in its accounts if it is estimated that there will be big cost overruns for decommissioning the power station.
Reuters 5th Oct 2016 read more »