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Power companies ask why they must share damages- Fukushima

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sce56 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed May-18-11 07:10 PM
Original message
Power companies ask why they must share damages- Fukushima
Source: NHK World (Japan Broadcasting Corporation)

Japanese power companies want to know why they are being asked to help the operator of the damaged Fukushima nuclear plant to pay damages to those affected by the disaster. The government decided on a framework last week to help Tokyo Electric Power Company to pay damages. The plan asks other utilities operating nuclear power plants to contribute funds for compensation.

The Federation of Electric Power Companies submitted a petition to the Natural Resources and Energy Agency on Wednesday. The companies want an explanation why they are being asked to share damages payments. They also want details about the size of compensation as they say the plan might force them to pass on costs to consumers through higher power bills. They say the government should be held responsible for compensation payments as it has long promoted nuclear power generation as one of energy sources for Japan. The federation says the utilities may face legal action by shareholders due to lack of accountability if they make financial contributions without clarifying the reasons.

Read more: http://www3.nhk.or.jp/daily/english/19_12.html



So the Govt of Japan does not cover the Nuke plant loses like the US does! What a novel idea.
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bluedigger Donating Member (1000+ posts) Send PM | Profile | Ignore Wed May-18-11 07:48 PM
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1. No, it makes entire industries responsible.
Must be a horror novel.
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Octafish Donating Member (1000+ posts) Send PM | Profile | Ignore Wed May-18-11 08:09 PM
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2. Funny. TEPCO used to be the most profitable electric company in all Japan.
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rurallib Donating Member (1000+ posts) Send PM | Profile | Ignore Wed May-18-11 08:17 PM
Response to Original message
3. sue god, he caused the problem
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