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Tokyo Electric Power Company decided to accept government conditions, the Government of Japan on the 11th cabinet meeting package to reach an agreement on support for the Tokyo Electric Power Company. Japanese media pointed out that the new third-party committee, the Government of Japan to the Tokyo Electric Power Company is under the supervision of substance. Envisaged by the Government of Japan, third-party members of the Committee will be recommended by the government, lawyers, accountants and other professionals. Authorized to investigate the Tokyo Electric Power Company's assets, operating conditions, the third-party Committee will also have the right to determine whether the government is necessary to obtain the preferred stock of the Tokyo Electric Power Company way eastward electric inject. This part of the Preferred Stock is convertible into ordinary shares once the government reaches a certain holding proportion, Tokyo Electric Power Company will actually be partially nationalized.
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Masataka Shimizu, president of the
Tokyo Electric Power Company on the 10th, submitted to the Japanese Minister of Economy, Trade and Industry Kaeda Miles for assistance instruments, government funding and policy support request in Fukushima's first nuclear power plant accident compensation. Kaeda Miles then eastward electric six prerequisite for providing support, that is compensation for a total amount not to set a ceiling, to stabilize the Fukushima nuclear power plant to ensure that the necessary funds to maintain stability in power supply, the maximum reduction of expenses and reasonable management, the new third-party Committee supervision of operations and financial condition of the surveyed companies, requires that all its stakeholders to assist world pie network information .
the Japanese government first announced the program of support for the Tokyo Electric Power Company is expected on the 12th. Previously disclosed the content of the draft, the Japanese government will be newly established a support agency, this agency's funding sources, including the government to directly inject capital, government guaranteed financing, has a nuclear power plant of Japan's major power companies sharing the burden of payment World steel pipe network editing . Tokyo Electric Power Company through its own funds, funds of bank financing and support organizations, to provide compensation to the victims of Fukushima's first nuclear power plant accident. The Japanese Government's preliminary estimates show, the total amount of compensation of the Tokyo Electric Power Company in 3 trillion yen (U.S. $ 37.1 billion) to 10 trillion yen (about $ 123.5 billion).
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Tokyo Electric Power Company on the 11th held a temporary board of directors decided to accept the six conditions prompted the Japanese government support program, including acceptance of new third-party committee to monitor the operational and financial implementation of the Tokyo Electric Power Company. This means that Tokyo Electric Power Company's future business will be in real terms under the supervision of the Japanese Government.