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Owner of Crippled Japanese Nuclear Plant Fights for Survival
Facing tens of billions of dollars in liabilities, clean-up costs and the eventual1 decommissioning of its Fukushima power plant, Tokyo Electric Power Company, known as TEPCO, is in a fight for its survival.
Media reports say in exchange for providing about $10 billion in public funds, the government will take a majority stake in the company.
Japan has relied on nuclear facilities for nearly one third of its electricity, but now there is an unprecedented2 debate about the future of atomic power.
It might be expected that with TEPCO's huge investments, the company would be loudly lobbying in support of nuclear power.
But in the darkened halls of its headquarters, the utility is being very cautious.
A protester wearing a mask holds a sign at a rally, in front of the headquarters of Tokyo Electric Power Company [TEPCO], aimed at criticizing TEPCO and demanding the abolition3 of nuclear power, in Tokyo, March 3, 2012.
In a rare broadcast interview granted to foreign media, company spokesman Yoshimi Hitosugi tells VOA that TEPCO is focused on keeping the crippled nuclear plant stable and taking care of compensation claims.
"That is what we are doing for the time being. As for the question about energy policy, at this moment, we are not in a position to say," said Hitosugi.
A recent independent investigation4 into the reactor5 meltdowns at Fukushima concluded TEPCO was "astonishingly unprepared" for the disaster.
However, the man who was the leader of Japan's government on March 11, Naoto Kan, said the utility is not solely6 to blame.
"I think in many ways the accident at the Fukushima plant was man-made. That is to say, neither my government nor previous administrations put in place proper precautions for this sort of event. So some of the responsibility lies with my administration - and also with me," said Kan.
No one yet has been charged with any crime related to the reactor meltdowns, which spread radiation over farmland, distant communities and into the sea.
Officials estimate it will take 40 years to clean up and decommission the Fukushima-1 nuclear plant. Some nearby towns may never again be habitable.
Thousands of TEPCO staff members are now processing victim's claims, following criticism the process was too slow.
Company spokesman Hitosugi vows7 that compensation will be "generous and kind" once the claims are properly sorted.
"We'd like to extend our deep apologies to people all around the world for causing such worries. With the help of supporting companies we are working hard to maintain the reactors8 in a stable state for the moment," said Hitosugi.
TEPCO is to announce soon that it needs to raise electricity rates. That extra money and a massive injection of public funds, the company contends, are necessary to continue supplying electricity to 45 million people.
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1 eventual | |
adj.最后的,结局的,最终的 | |
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2 unprecedented | |
adj.无前例的,新奇的 | |
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3 abolition | |
n.废除,取消 | |
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4 investigation | |
n.调查,调查研究 | |
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5 reactor | |
n.反应器;反应堆 | |
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6 solely | |
adv.仅仅,唯一地 | |
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7 vows | |
誓言( vow的名词复数 ); 郑重宣布,许愿 | |
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8 reactors | |
起反应的人( reactor的名词复数 ); 反应装置; 原子炉; 核反应堆 | |
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