Tepco

Japan's second-largest bank by market capitalization after Mitsubishi UFJ Financial Group Inc. said Wednesday it cut its profit estimate for the fiscal year ended March 31 by ¥70 billion $851 million because it needs to book valuation losses on securities holdings, mostly from the utility, which is known as Tepco.

SMFG Latest to Take Tepco Earnings Hit Hiroyuki Kachi 2011

The utility, commonly known as Tepco, has come under fire over its handling of a crisis at the plant, which was damaged after a massive earthquake and tsunami on March 11 knocked out its cooling systems.

Tepco President Admitted To Hospital Hiroyuki Kachi 2011

The moves by plant operator Tokyo Electric Power Co., known as Tepco, are aimed at keeping morale high amid expectations that bringing Japan's worst-ever nuclear accident under control will take many more months.

Tepco Looks to Living Conditions at Damaged Plant Yuka Hayashi 2011

In the second stage, the plant operator, also known as Tepco, aims to achieve a "cold shutdown" in which the reactor cores are kept under 100 degrees Celsius, the boiling point of water, as well as ensure no release of radiation into the air or water.

Crippled Nuclear Plant Largely Meets Three-Month Goals Mitsuru Obe 2011

Chief cabinet secretary Yukio Edano said the company, also known as Tepco, cannot be treated as a typical private sector company because of the government funds it will need to accept in order to meet the claims that could total ¥4 trillion $48.98 billion, according to some private estimates.

Japan: Tepco Shareholders Must Cooperate in Restructuring Toko Sekiguchi 2011

Chief government spokesman Yukio Edano said Tuesday that no government entity is currently studying nationalization of the company, known as Tepco, but Japan was abuzz with talk about how the company could handle its liabilities.

Speculation Grows on Tepco Takeover 2011

The Shaw Group , a Louisiana-based construction and engineering firm, has been hired by Tokyo Electric, also called Tepco, to devise a cleanup strategy, as part of a consortium that includes Toshiba Corp. and Babcock & Wilcox Co. Tepco has been struggling with radioactive releases and overheating at the plant since a March 11 earthquake and tsunami knocked out reactor cooling systems.

Cleanup Will Take Years, Not Months Rebecca Smith 2011

Earthquake in Japan More photos and interactive graphics Separately, NISA spokesman Hidehiko Nishiyama was asked Friday about media reports that he has a daughter working for the plant operator, known as Tepco.

Tepco Offers Optimistic Cooling Plan Mitsuru Obe 2011

Japan's nuclear regulator said it had reprimanded Tokyo Electric Power Co., known as Tepco, for letting some workers go into Fukushima Daiichi's highly radioactive environment without the dosimeters normally worn to measure radiation exposure.

Japan Knocks Safety, Data at Reactors Phred Dvorak 2011

The Japanese government on Friday approved ¥890 billion in financial assistance for the company, known as Tepco, with another ¥120 billion coming from the country's existing nuclear damage compensation act.

Tepco Gets $12.8 Billion Bailout Mitsuru Obe 2011