09 Aug '11, 4am

Japan's TEPCO to post huge loss

TOKYO: The operator of Japan's crippled Fukushima nuclear plant, Tokyo Electric Power Company (TEPCO), was expected to announce more than $6.5 billion in quarterly losses Tuesday, media reports said. The utility faces massive compensation payouts to tens of thousands of people who had to flee their homes and saw their livelihoods destroyed by the world's worst nuclear disaster since Chernobyl 25 years ago. TEPCO, long one of the world's biggest power companies, has also suffered large shortfalls in electricity output as the reactors at Fukushima Daiichi and other plants have stayed offline since the March 11 disaster. When the company reports earnings for the April-June quarter at 0600 GMT, it is expected to book an extraordinary loss of about 500 billion yen ($6.5 billion), the Nikkei financial daily and other reports said. The group net loss for the quarter would be abov...

Full article: http://www.channelnewsasia.com/stories/afp_asiapacific_bu...

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channelnewsasia.com 09 Aug '11, 7am

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channelnewsasia.com 06 Aug '11, 10pm

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greencarcongress.com 06 Aug '11, 11am

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