Nishizawa

It's very regrettable but we ask for the understanding of our customers, Tepco President Toshio Nishizawa said at a news conference.

Tepco to Raise Corporate Electricity Rates Kana Inagaki 2012

Mr. Nishizawa said the rate increase—the company's first since 1980—is expected to generate additional revenue of about ¥400 billion annually, or approximately $5.2 billion a year, and will be backed by a program that aims to cut costs by ¥193.4 billion in the fiscal year through March 2013.

Tepco to Raise Corporate Electricity Rates Kana Inagaki 2012

The utility didn't provide an outlook for the full fiscal year through March, with Mr. Nishizawa admitting his company is unable to calculate how much the ultimate compensation costs will reach.

Tepco Loss Widens to $7.4 Billion on Nuclear Crisis Kana Inagaki 2011

Mr. Nishizawa said the utility will consider an increase for household electricity rates after submitting a long-term survival plan by March, but public opposition to such a move remains strong.

Tepco to Raise Corporate Electricity Rates Kana Inagaki 2012

We hope to secure sufficient funds by pushing through restructuring measures including cost cuts and the sale of assets, Mr. Nishizawa said, adding that he isn't considering for now seeking additional cooperation from financial institutions and other stakeholders.

Tepco Loss Widens to $7.4 Billion on Nuclear Crisis Kana Inagaki 2011

"We will not fall into negative net worth once the funds start flowing in," Tepco President Toshio Nishizawa said at a news conference for the company's earnings.

Tepco Loss Widens to $7.4 Billion on Nuclear Crisis Kana Inagaki 2011

'We will not fall into negative net worth once the funds start flowing in,' Mr. Nishizawa said after the company reported a $7.35 billion quarterly loss.

The Power List 2011

Tepco President Toshio Nishizawa has said he hoped the company would remain private.

Japanese Banks in Talks on Tepco Help Atsuko Fukase 2012

UPI Toshio Nishizawa, president of Tepco But the head of the utility, known as Tepco, said the company is unlikely to be crushed by swelling liabilities after the government recently passed a bill creating a state-backed entity to help the company meet mammoth compensation claims.

Tepco Loss Widens to $7.4 Billion on Nuclear Crisis Kana Inagaki 2011

Tepco President Toshio Nishizawa, in a recent interview, addressed public opinion about plant safety and transparency at Tepco.

Tokyo Turns to Evacuation and Cleanup Mitsuru Obe 2011