Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Tokyo  >  Tokyo Electric Power Company Holding Inc    9501   JP3585800000

News SummaryMost relevantAll newsSector news 
The feature you requested does not exist. However, we suggest the following feature:

Tokyo Electric Power : Japan finds costs are ballooning for dismantling Fukushima

share with twitter share with LinkedIn share with facebook
share via e-mail
10/25/2016 | 03:52pm CEST

TOKYO (AP) — Japan's estimate of dismantling the Fukushima nuclear plant is ballooning far beyond the utility's estimate of 2 trillion yen ($19 billion).

A government study released Tuesday found decommissioning the Fukushima Dai-ichi plant already has cost 80 billion yen ($770 million) over the last three years.

The plant suffered multiple reactor meltdowns due to damage from the March 2011 earthquake and tsunami.

The ministry overseeing nuclear power said the decommissioning costs will continue at several hundreds of billions of yen (billions of dollars) a year.

Tokyo Electric Power Co., the utility that operated and is now decommissioning Fukushima Dai-ichi, has said decommissioning will take several decades.

Even if it were to take 30 years at an estimated annual cost at 300 billion yen ($3 billion), both conservative projections, the cost would be nearly 1 billion yen or $100 billion.

TEPCO spokesman Shinichi Nakakuki declined comment on the government projection, but he acknowledged TEPCO was still trying to determine what exactly the decommissioning effort might involve.

"It is difficult to calculate the entire cost for the decommissioning," he said, adding that the 2 trillion yen figure had so far taken into account the effort to remove the nuclear debris, taking the example of Three Mile Island in the U.S., as well as costs and equipment needed to keep the reactors stable.

The study did not distinguish between costs borne by the government and borne by TEPCO, which received a government bailout.

Japan has been struggling to clean up parts of the no-go zone to put the worst nuclear catastrophe since Chernobyl behind it.

The government has estimated that decontaminating the areas around the Fukushima plant, including removing radiated topsoil, buildings and trees, will cost at least 2.5 trillion yen ($24 billion).

But experts have been warning that such estimates may be too optimistic. The nuclear disaster in Fukushima displaced about 150,000 people.

Follow Yuri Kageyama on Twitter at https://twitter.com/yurikageyama

Her work can be found at http://bigstory.ap.org/content/yuri-kageyama

Copyright 2016 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed., source Associated Press News

share with twitter share with LinkedIn share with facebook
share via e-mail
10/25 TOKYO ELECTRIC POWER : Japan finds costs are ballooning for dismantling Fukushim..
10/25 TOKYO ELECTRIC POWER : Fukushima dismantling cost to exceed $766 million per yea..
10/25 TOKYO ELECTRIC POWER : Cost of scrapping Fukushima nuclear plant to far exceed e..
10/24 TOKYO ELECTRIC POWER : Financial Assistance from the Nuclear Damage Compensation..
10/22 TOKYO ELECTRIC POWER : Opposition to nuclear energy grows in Japan
10/21 TOKYO ELECTRIC POWER : Gov. Koike to visit Fukushima in Nov. to inspect rebuildi..
10/17DJTOKYO ELECTRIC POWER : Nuclear Skeptic to Govern Japan Prefecture With Biggest N..
10/17 TOKYO ELECTRIC POWER : Japan's Stocks Rise on Monday
10/17 TOKYO ELECTRIC POWER : Anti-nuclear politician's win hurts Japan atomic push
10/14 TOKYO ELECTRIC POWER : TEPCO - Assistance for Introduction of Energy Management ..
More news
Sector news : Electric Utilities - NEC
10/24DJMANILA ELECTRIC : Meralco 9-Mo Net Profit PHP15.68 Billion, Down 2.9% on Year
10/20DJCLP : Jan-Sept Electricity Sales up 0.8%
10/19DJOrigin Energy Says Remains Committed to Cutting Debt
10/17 SSE : Energy supplier SSE to sell 16.7 percent stake in gas distribution busines..
10/14DJGerman Utilities to Pay EUR23.6 Billion Plus Interest for Nuclear Waste Dispo..
More sector news : Electric Utilities - NEC
News from SeekingAlpha
08/31 WALL STREET BREAKFAST : Eurozone Economic Figures Fail To Budge
08/31 Tepco soars after governor drops re-election bid
08/30 WALL STREET BREAKFAST : Apple Slammed In EU Tax Crackdown
08/30 Japan braces for arrival of Typhoon Lionrock
07/05 A YEAR OF SCANDAL : The Beginning Of The End Of Cronyism In Japan?
Financials ( JPY)
Sales 2017 5 371 396 M
EBIT 2017 -
Net income 2017 179 402 M
Debt 2017 4 993 619 M
Yield 2017 -
P/E ratio 2017 4,53
P/E ratio 2018 4,80
EV / Sales 2017 1,05x
EV / Sales 2018 1,02x
Capitalization 658 877 M
More Financials
Duration : Period :
Tokyo Electric Power Compa Technical Analysis Chart | 9501 | JP3585800000 | 4-Traders
Full-screen chart
Technical analysis trends TOKYO ELECTRIC PO...
Short TermMid-TermLong Term
Technical analysis
Income Statement Evolution
More Financials
Mean consensus OUTPERFORM
Number of Analysts 3
Average target price 460  JPY
Spread / Average Target 12%
Consensus details
EPS Revisions
More Estimates Revisions
Naomi Hirose Executive President & Representative Director
Fumio Sudo Chairman
Makoto Takahashi IR Contact, Manager-Accounting & Finance Group
Hiroshi Yamaguchi Executive Vice President, Head-Technology & Safety
Toshihiro Sano Representative Director & Executive Vice President
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
DUKE ENERGY CORP10.34%54 267
SOUTHERN CO8.93%49 885
IBERDROLA SA-5.71%43 213
More Results