Japan To Turn TEPCO Into Holding Company, May Join International Nuclear Liability Treaty

tepco_lightning copyThe Japanese government has announced they will turn TEPCO into a holding company. This would shift the decommissioning work into its own entity. The government would also increase involvement in the new decommissioning authority while TEPCO would still have some ownership. It is not clear how this would impact the potential restart of Kashiwazaki Kariwa after the NRA tied any restart to proving TEPCO could handle the work at Fukushima with competence. It is also not clear if this new entity would continue to expect TEPCO to pay liability costs out of the profits of these other divisions.

Japan is also is considering joining an international treaty on nuclear liability suggested by the US. It is not known if this treaty would include the current disaster at Fukushima Daiichi or just cover any future nuclear disaster.

 

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