Japan to Seize Tepco on Same Terms as 2003 Resona Bank Rescue http://www.bloomberg.com/news/2012-04-28/japan-to-model-trillion-yen-tepco-bailout-on-2003-bank-rescue.html
[Excerpted] "Japan plans to seize control of its biggest utility on the same terms it applied to a bailout of the nation’s fifth-biggest bank nine years ago... The proposal, which outlines restructuring steps including a 1 trillion yen capital infusion, will be released after Edano approves it, Shimokobe said....
The nation is moving closer to restarting two reactors at Kansai Electric Power Co.’s Ohi nuclear station in Fukui prefecture after four ministers approved additional safety measures at the plant and cited the need to ease power shortages as Japan’s summer approaches.
The Ohi reactors would be the first to come back online since Japan adopted so-called nuclear stress tests..." [end excerpt]
The Ohi reactors would be the first to come back online since Japan adopted so-called nuclear stress tests..." [end excerpt]
Majia here: On April 26 I posted a link to a news story that these stress test results have NOT been released. http://majiasblog.blogspot.com/2012/04/nhk-eu-to-defer-releasing-nuclear.html
Restarting reactors is truly insane. Earthquakes continue to rattle Japan. See the headline below, as well as other leading stories in the news today about Japan:
M5.8 quake jolts Kanto; no tsunami warning issued
Fukushima cucumbers relabeled and sold in Tokyo
Some 70 mayors start group seeking society without nuclear power
Majia here: One wonders why the Tokyo metropolitan government is trying to purchase these islands...?
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