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Japan utility seeks more funds for nuclear crisis
AP Business News Template | TBO.com=
"But in a statement, the company outlined two potential scenarios, one involving costs of some 10 trillion yen ($125 billion) that it said would make it difficult for TEPCO to raise funding from private lenders and oblige it to seek further government financial support."
"Including the bailout, the government has injected 2.5 trillion yen ($31.3 billion) into TEPCO and allocated at least 5 trillion yen for compensation for the disaster and decontamination."
"Officials say the plant has since stabilized, but it runs on makeshift equipment, causing concerns about its ability to withstand any major earthquakes. TEPCO officials say it will take about 40 years to fully decommission the wrecked reactors, a huge financial burden in addition to the astronomical compensation payments."
The nuclear "nightmare" is the huge liability placed upon the public when something goes wrong.
The unavoidable nightmare is that as "Nukes" age they will become a liability to the Corporations that have profitted and when that happens, the Corporations will file bankruptcy because it is just "good business."
AP Business News Template | TBO.com=
"But in a statement, the company outlined two potential scenarios, one involving costs of some 10 trillion yen ($125 billion) that it said would make it difficult for TEPCO to raise funding from private lenders and oblige it to seek further government financial support."
"Including the bailout, the government has injected 2.5 trillion yen ($31.3 billion) into TEPCO and allocated at least 5 trillion yen for compensation for the disaster and decontamination."
"Officials say the plant has since stabilized, but it runs on makeshift equipment, causing concerns about its ability to withstand any major earthquakes. TEPCO officials say it will take about 40 years to fully decommission the wrecked reactors, a huge financial burden in addition to the astronomical compensation payments."
The nuclear "nightmare" is the huge liability placed upon the public when something goes wrong.
The unavoidable nightmare is that as "Nukes" age they will become a liability to the Corporations that have profitted and when that happens, the Corporations will file bankruptcy because it is just "good business."