Godlike Productions - Conspiracy Forum
Users Online Now: 2,202 (Who's On?)Visitors Today: 661,845
Pageviews Today: 959,289Threads Today: 244Posts Today: 4,991
10:49 AM


Rate this Thread

Absolute BS Crap Reasonable Nice Amazing
 

Japan insider: Breakup is only a matter of time as Tepco runs out of cash — “We’re basically waiting for the natural death of Tepco”

 
Anonymous Coward
User ID: 1459674
United States
07/08/2011 05:53 PM
Report Abusive Post
Report Copyright Violation
Japan insider: Breakup is only a matter of time as Tepco runs out of cash — “We’re basically waiting for the natural death of Tepco”
A government-led panel looking into the future of Tokyo Electric Power Co. is keen to wrest monopoly power away from Japan’s largest utility, but it has for now put aside more radical proposals to break up the company and sell off [...] its transmission networks, which are estimated to be worth as much as ¥5 trillion ($62 billion), enough to handle the likely compensation claims from the nation’s worst-ever nuclear accident.

A person close to a senior government official who favors such a plan said the government won’t push for it at present as it doesn’t want to panic the markets but that a breakup is only a matter of time as the company runs out of cash under the weight of compensation payments and other costs.

“We’re basically waiting for the natural death of Tepco,” the person said, a move that would likely wipe out shareholders and force banks to accept debt waivers. [...]

[link to online.wsj.com]
Anonymous Coward (OP)
User ID: 1459674
United States
07/08/2011 05:53 PM
Report Abusive Post
Report Copyright Violation
Re: Japan insider: Breakup is only a matter of time as Tepco runs out of cash — “We’re basically waiting for the natural death of Tepco”
bump

News