Oops -Tokyo Electric nationalisation eyed by some in Japan govt-media

malaise

(1000+ posts) Send PM | Profile | Ignore

Mon Mar-28-11 09:29 PM
Original message

Oops -Tokyo Electric nationalisation eyed by some in Japan govt-media

http://www.reuters.com/article/2011/03/29/tepco-nationalisation-idUSL3E7ET00720110329
<snip>
A plan to temporarily nationalise Tokyo Electric Power , the operator of a stricken nuclear plant, has been floated by some members of the Japanese government, the Yomiuri newspaper said on Tuesday.

The plan includes the government taking a majority stake in Asia's largest utility as well as helping it pay for damages stemming from the nuclear accident, the newspaper said, citing unidentified government sources.

The crisis appeared to escalate in the past few days with plutonium found in soil on Tuesday, rattling already shaky financial markets.

Chief Cabinet Secretary Yukio Edano said it was not true the government was considering nationalising the utility.

Tokyo Electric spokesman Hajime Motojuku said he was unaware of any plan for nationalisation: "Our first and biggest priority at this moment is to prevent the nuclear power plant accident from worsening further," he said.

Printer Friendly | Permalink | | Top

sfwriter

(1000+ posts) Send PM | Profile | Ignore

Mon Mar-28-11 09:32 PM
Response to Original message

1. Sonds good to me...

Printer Friendly | Permalink | | Top

DJ13

(1000+ posts) Send PM | Profile | Ignore

Mon Mar-28-11 09:35 PM
Response to Original message

2. Sounds like another TBTF entity is going to be protected by a government

"A plan to temporarily nationalise Tokyo Electric Power..."

Printer Friendly | Permalink | | Top

Art_from_Ark

(1000+ posts) Send PM | Profile | Ignore

Tue Mar-29-11 01:30 AM
Response to Reply #2

7. I don't think that's it at all

My impression is that the Japanese government is as peeved as everyone else at Tepco and is tired of runarounds, "incorrect" data measurements, ad nauseum, so they want to take control of the situation.

Printer Friendly | Permalink | | Top

Night Crawler

(94 posts) Send PM | Profile | Ignore

Mon Mar-28-11 09:37 PM
Response to Original message

3. Privatize the profits, Socialize the risk

I'm absolutely shocked *Get it... Tokyo Electric, shocked....never mind*

Printer Friendly | Permalink | | Top

LAGC

(1000+ posts) Send PM | Profile | Ignore

Mon Mar-28-11 09:47 PM
Response to Original message

4. I think all public utilities should be socialized as a matter of principle.

There's no good reason for private for-profit companies making money off of basic services that everyone needs such as water and energy providers.

It would be easier to regulate them and ensure they are conforming to safety standards too.

Printer Friendly | Permalink | | Top

Old and In the Way

(1000+ posts) Send PM | Profile | Ignore

Mon Mar-28-11 10:08 PM
Response to Reply #4

5. I'd add internet infrastructure to that.

There's no reason why we can't have a 1st rate internet backbone that is built out and serviced based on a utility model. There's no real customer value in competing private industry infrastructure by doing this, except higher prices and inconsistent service. information is almost as important as water and sewer in keeping our society healthy.

Printer Friendly | Permalink | | Top

LAGC

(1000+ posts) Send PM | Profile | Ignore

Tue Mar-29-11 01:20 AM
Response to Reply #5

6. Good point.

I agree.

Printer Friendly | Permalink | | Top

DU AdBot (1000+ posts)

Tue Apr 30th 2024, 04:36 PM
Response to Original message

Advertisements [?]

Top

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators

Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.