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TEPCO asks for reported Y1 tril aid for Fukushima

31 Comments

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31 Comments
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It is not the GOVT, it is the PUBLIC.

5 ( +6 / -1 )

Yes, CactusJack, it is indeed the tax payer who will pay this money towards the devestation that TEPCO is ultimately responsible for. Perhaps the tax payers should insist that this cash is given on the understanding that all executives resign their positions with immediate effect, that the company is taken into public ownership

7 ( +7 / -0 )

"The utility is looking to receive the first tranche from a government-backed aid body so it can avoid having a negative net worth on its April-September balance sheet..."

Geez... maybe I should be negligent in every aspect of my work, harm the community around me, and urinate on the public -- then when things get bad as a result I can expect that the government will help me out!

Seriously, this is ridiculous, and the government will of course bail them out via the tax payer. So essentially we are paying for TEPCO to screw us over, lie to us about the effects of its ineptitude, then pay for jacked up power bills.

5 ( +6 / -1 )

"Can you give me money so that I can pay you back for all the damage and grief that I caused you?" TEPCO can go to hell!

5 ( +6 / -1 )

Liquidate the bastards! 100% government ownership! That way, they won't have the chance to go pointing fingers and have total responsibility and accountability!

4 ( +5 / -1 )

It is interesting to see time and time again, how resignation (with its golden handshakes, undoubtedly) is considered adequate a punishment for almost any imaginable crime in Japan.

3 ( +3 / -0 )

"Mum I crashed my car into a wall and destroyed a house because I didnt maintain my vehicle in a road worthy condition, lend me the money to pay for the damage please" Mum " No"

4 ( +4 / -0 )

Glad I am leaving in April so I will avoid all these new taxes. They are gonna bite hard.

2 ( +4 / -2 )

Some experts have stated that the cost of the nuclear disaster, including compensation payments will be in excess of $250 billion,

¥19,000,000,000,000

¥19 trillion...... @current exchange rate.....

-2 ( +4 / -6 )

These days, with radiation levels from Fukushima, national debt, world debt, world population, cost of nuclear disaster, American defense budget, makes me drunk from all the zero's,

"we live in a mega zero's world!"

0 ( +5 / -5 )

The government is set to abandon its policy of atomic power promotion and it will reduce its reliance on the atomic sector in its first annual review of energy since the nuclear disaster.

Japan spends than any government on energy R&D. About ¥500 billion per year. For decades, 64% of that money has been spent on nuclear power, with only 8% spent on renewable energy, and 12% on energy efficiency. To pay for this budget part of the money is collected from all power charge bills, at ¥400/1,000kWh.

I would hope to see some reverse of these figures with more of the budget now being spent on renewable energy and energy efficiency R&D.

-2 ( +4 / -6 )

no way. Have them sell off all their land holdings and side companies and executive perks first.

5 ( +5 / -0 )

A trillion yen? Ha! That is not even 10% of the money they are gonna need in the next two or three decades!

-1 ( +0 / -1 )

Fabulous,!! TEPCO private company, natural disaster costing billions,government(taxpayers) pays the cost. I wish I could find a business like that,can't lose.

2 ( +2 / -0 )

TEPCO. submitted a claim for 120 billion yen ($1.57 billion) to the central government on Oct. 24 under the nuclear power compensation law.

The money will partially cover the 150 billion yen the utility has already paid in compensation for damage caused by the accident at its Fukushima No. 1 nuclear power plant. The government is expected to assess the claim and pay TEPCO within 30 days.

This is separate business than that of asking for ¥1 trillion for this fiscal year.

1 ( +4 / -3 )

another article about tepco management, disgusting - as usual... if some of them were jailed it wouldn't feel so bad paying taxes

3 ( +3 / -0 )

Today, we, Tokyo Electric Power Company, are a disaster.

2 ( +2 / -0 )

Who did they give the money they've already dispersed to? From everything I've been reading, it's a lot of people evacuated and the govt isn't helping them.

2 ( +2 / -0 )

I suggest everyone ignore those silly Good/Bad ratings. Meaningless. Real for substance.

2 ( +3 / -1 )

Hategobo, yes! thank you. A PT.

-3 ( +2 / -5 )

Tokyo Electric is a product of the LDP, Jiminto, 自民党!!!From the time of Nakasone etc..they were all on this! What can I say?? BURN IN HELL stupid Tepco!!! I feel so bad for Fukushima and heck for us here in Tokyo that we do not even know how much radiation we have in our own homes etc... bastards!!

0 ( +2 / -2 )

And the fight over the money handling begins. No doubt Ozawa kun (toad boy) will join in, Hopefully they will turn Fukushima into an international Seaport and make nice things in Fukushima. But they need cement the place first and wait 30 - 80 years.

3 ( +3 / -0 )

A trillion "?". Why is this government making it so difficult to be an honest taxpaying civilian? How did TEPCO get this loophole? There is no doubt they'll be paying the government back with consumer's money again. Where is all this magical money coming from?

0 ( +0 / -0 )

This is the LARGEST SCAM in the World! TEPCO blunders cause a Trillion Dollar Eco-Disaster and now they want to profit by it!

Wake Up Japan and Just say N☢!

BTW--> Any truth in this: http://www.rense.com/general94/secbb.htm?utm_source=dlvr.it&utm_medium=twitter

0 ( +0 / -0 )

What will determine the true total cost of this "Trillion Dollar" Eco-Disast­er?

Please feel free to add your comments and or estimates to this list:  Decommissi­oning costs  Loss to all other radioactiv­e decontamin­ation caused by this Disaster.  Loss of revenues by Tepco  Loss to TEPCO's share holders caused by radioactiv­ity  Loss of Japanese personal income caused by radioactiv­ity  Loss to Japanese businesses caused by radioactiv­ity  Loss of all Japanese health costs related to radioactiv­ity  Loss due to unusable Japanese Land related to radioactiv­ity  Loss due to Japanese housing caused by radioactiv­ity  Loss of Japanese Property Values caused by radioactiv­ity  Loss of fishing grounds caused by radioactiv­ity  Loss of manufactur­ing caused by radioactiv­ity  Loss to the value of the Yen caused by radioactiv­ity  Loss to other Utilities caused by Fukushima'­s radioactiv­ity  Loss to Japans credit rating caused by Fukushima'­s radioactiv­ity  Loss to the Japanese peoples Lives because of radiation

0 ( +0 / -0 )

CaptD

I have already commented that the cost will be in excess of ¥20 trillion over 30 years. We can't say no because TEPCO des not have the finances to cover the cost. So what shall we do, just abandon the the whole problem. Any large scale nuclear disaster whichever country it happens in will end up being paid for by the tax payer.

2 ( +2 / -0 )

Zichi (Good Comment)

How did you add your image, which is very cool! TEPCO should be forced to sell itself to the Japanese People as part payment for the Trillion Dollar Eco-Disaster. Then the Japanese People could then hire and fire new upper management that would then work to make the NEW Company (SEPCO or Safe Electric Power Company) a profitable Energy Company which should become "Solarized" (Non-Nuclear) ASAP in order to prevent yet another Trillion Dollar Eco-Disaster in the near future! I want to make it clear that I am not Japanese but wish them well in their current situation; one that could have happened anywhere, thanks to Nature!
1 ( +1 / -0 )

Ya! that's me, a Cyberborg. I don't know? I think probably there was a choice? Recently, I wanted to replace it with an updated version but couldn't find a way to do that? May be they have removed the choice?

Even if the government shut down TEPCO we would still need to pay for most of the damn mess. We would still have to employ most of the workers, well, at least the useful ones. There was talk about nationalising TEPCO and could still happen.

Prior to 3/11 TEPCO was the largest power company of the 10 national companies and supplied 27% of the total generated.

1 ( +1 / -0 )

Zichi So how did you ge the image to show up instead of the pattern? If TEPCO got privatized then the new Board of Directors could hire new management and then work for the Japanese People instead of themselves which has become the case... In America there is a saying, "A new broom sweeps clean"... I'd be interested to learn what the Japanese People think will be the total coat of this Trillion Dollar Eco-Disaster; my guess is a Trillion Dollars US by the time everything is "done" decades from now! Good Luck

0 ( +0 / -0 )

CapD,

I answered your questions already? The cost at todays prices will be in excess of $260 billion or ¥19 trillion over 30 years. Probably it will pan out at ¥1 trillion for every year it goes on?

3 ( +3 / -0 )

Zichi I believe that if Japan put ¥1 into Clean Green Solar for each ¥1 spent on decontamination, then in 20 years they would recover each ¥1 dollar spent by selling their Green Tech globally, (like Germany is planning on doing), unless another nuclear disaster happens within that 20 years...

0 ( +0 / -0 )

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