Shares of Tokyo Electric Power 9501.T plunged again on Wednesday, sliding as much as 19 percent to their lowest in the company’s history, reflecting concern about its long-term viability as it struggles to gain control of a stricken nuclear plant.
Analysts and investors have said the government will likely need to step in to save the utility with a bail-out or full-blown nationalisation, although uncertainty remains about the government’s intention for the company.
TEPCO has yet to determine the extent of the damage from the March 11 earthquake and tsunami that knocked out a fifth of its power-producing capacity. Bank of America-Merrill Lynch has estimated TEPCO could face compensation claims of more than $130 billion if the crisis drags on.
TEPCO said on Tuesday that it was considering early compensation payments to victims of the disaster. (Reuters)
Som vi skrivit om sen katastrofen, TEPCO kommer tas över av regeringen, frågan är hur och vem som städar upp all skit?