Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

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

SummaryChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

Tokyo Electric Power : Nuclear regulator defers giving safety OK to idle Tepco reactors

share with twitter share with LinkedIn share with facebook
share via e-mail
0
09/13/2017 | 09:23am CET

Japan's nuclear safety watchdog on Wednesday deferred giving safety clearance to two idle reactors of Tokyo Electric Power Company Holdings Inc., while further assessing the utility's qualification as a nuclear plant operator.

The Nuclear Regulation Authority was expected to determine that Units 6 and 7 of Tepco's Kashiwazaki-Kariwa plant in Niigata Prefecture have cleared new safety requirements, but faced criticism over a lack of debate on whether the operator of the damaged Fukushima Daiichi nuclear power plant is fit to run a nuclear power plant.

For a reactor to be restarted, it first needs to clear stiffer safety requirements introduced in the wake of the Fukushima nuclear crisis, which was triggered by a massive earthquake and tsunami on March 11, 2011. Tepco filed for safety assessments of the two units in September 2013.

According to sources close to the matter, the regulator had planned to give safety clearance while departing Chairman Shunichi Tanaka was still on board, but it reversed course after criticism arose about the lack of debate on Tepco's qualification.

Tanaka's term expires on Sept. 18, although he will continue to work until Sept. 22.

The regulator decided during Wednesday's meeting that Tepco should reference its resolve to ensure safety in operating nuclear plants in its safety rules. It will inform the utility's president, Tomoaki Kobayakawa, about the matter.

A final decision on whether Tepco is fit to be an operator will be made following discussions with the economy, trade and industry minister.

The Nuclear Regulation Authority had reached a near consensus on the issue of Tepco's qualification when its members previously met on Sept. 6.

During the summer, the regulator questioned the Tepco management, including Kobayakawa, about its nuclear safety awareness. In July, Tanaka criticized Tepco's attitude, saying, "An operator, who cannot take concrete measures to decommissioning efforts of the Fukushima Daiichi power plant, does not have the right to resume operation of nuclear reactors."

Tanaka urged the utility to submit more explanation in writing on issues such as how to deal with contaminated water.

While Tepco, in its subsequent written response, did not give details on what to do with contaminated water, it did pledge to see the scrapping of the plant to the end, thus gaining a certain level of understanding from the regulator.

Meanwhile, the prospect of gaining local consent needed for the restart of the two reactors remains uncertain, with Niigata Gov. Ryuichi Yoneyama saying it will take "around three to four years" for the utility to win local consent on the envisioned restart.

==Kyodo

© Kyodo News International, Inc., source Newswire

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on TOKYO ELECTRIC POWER COMPA
02/22TOKYO ELECTRIC POWER : Roof completed for removal of spent fuel rods at Fukushim..
AQ
02/22TOKYO ELECTRIC POWER : Financial Assistance from the Nuclear Damage Compensation..
PU
02/20TOKYO ELECTRIC POWER : Compensation awarded over 102-yr-old's suicide amid Fukus..
AQ
02/14Toshiba names ex-banker as CEO, seen tackling opposition to chip unit sale
RE
02/09CURTISS WRIGHT : TEPCO and Curtiss-Wright Form Strategic Alliance to Boost Effic..
AQ
02/09TOKYO ELECTRIC POWER : Tepco begins remote use of 'internet of things'to improve..
AQ
02/09TOKYO ELECTRIC POWER : Court orders new Fukushima redress
AQ
02/08TOKYO ELECTRIC POWER : Extended Application Period for Second Edition of Free El..
PU
02/07TOKYO ELECTRIC POWER : TEPCO Begins Remote Use of 'Internet of Things' to Improv..
AQ
02/07CORRECTION ( : Ruling-Fukushima:)
AQ
More news
News from SeekingAlpha
01/30Tokyo Electric Power Company Holdings ADR reports 9M results 
2017Tokyo Electric says Cameco seeking $682M in damages 
2017Tokyo Electric Power Company Holdings ADR reports 1H results 
2017Kobe Steel Fallout And The Impact On Domestic Steel Firms 
2017Tepco wins safety approval for first reactor restart since Fukushima 
Financials ( JPY)
Sales 2018 5 744 B
EBIT 2018 -
Net income 2018 230 B
Debt 2018 5 629 B
Yield 2018 -
P/E ratio 2018 4,02
P/E ratio 2019 3,60
EV / Sales 2018 1,09x
EV / Sales 2019 1,05x
Capitalization 644 B
Chart TOKYO ELECTRIC POWER COMPA
Duration : Period :
Tokyo Electric Power Compa Technical Analysis Chart | 9501 | JP3585800000 | 4-Traders
Technical analysis trends TOKYO ELECTRIC POWER COMPA
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 3
Average target price 425  JPY
Spread / Average Target 6,0%
EPS Revisions
Managers
NameTitle
Tomoaki Kobayakawa President & Director
Takashi Kawamura Chairman
Toshihiro Sano Director
Yuji Masuda Director
Toshiro Takebe Director
Sector and Competitors
1st jan.Capitalization (M$)
TOKYO ELECTRIC POWER COMPANY HOLDING INC-9.53%6 031
DUKE ENERGY CORP-10.19%52 727
DOMINION ENERGY-9.23%47 325
IBERDROLA-5.51%46 890
SOUTHERN COMPANY-10.54%43 076
EXELON CORPORATION-5.51%35 609