Tepco Threatens To Declare Bankruptcy; Dismantling Unit 1
Calls grow to curb further govt. support to TEPCO
Members of a panel looking at how to cover costs from the 2011 Fukushima Daiichi accident say government support to the operator should be limited.
Economic leaders and academic experts attended the first meeting on Wednesday of a committee set up by the industry ministry to discuss decommissioning and compensation costs.
Officials said the government has earmarked about 87 billion dollars for compensation and decontamination work, and that operator Tokyo Electric Power Company has set aside about 19 billion dollars to scrap the crippled reactors.
But they said these funds could fall well short of the amount that will be needed.
Many participants said the utility must bear the increased financial burden through business restructuring and management reforms to curb additional government support.
TEPCO President Naomi Hirose, who took part in the meeting as an observer, warned that his company could…
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