REUTERS: Plan to nationalise TEPCO being floated within Japan govt-media

[flamingdem]

http://www.reuters.com/article/2011/03/29/tepco-nationalisation-idUSL3E7ET00720110329

-- snip
The government would take a majority stake, help manage it and help it pay compensation for damage caused by the nuclear power plant, the paper said citing unidentified government sources.

Tokyo Electric is struggling to control its nuclear power plant in Fukushima after it was damaged by a massive earthquake and tsunami on March 11, which led to the evacuation of residents including farmers in the surrounding areas.

The utility could be facing a compensation bill of several trillion yen, the Yomiuri said.

Tokyo Electric shares were untraded due to a glut of sell orders at 626 yen, down 10 percent from Monday's close. The stock has lost 70 percent since the earthquake and tsunami.

[flamingdem]

1. Hmm. Owned by banksters

Major Shareholders
(Top 10 Shareholders),
Name of Shareholder,
Number of Shares Held (Thousands)

Japan Trustee Services Bank, Ltd.(Trust Account) 59,845
The Dai-ichi Life Insurance Company, Limited 55,001
The Master Trust Bank of Japan, Ltd.(Trust Account) 54,850
Nippon Life Insurance Company 52,800
Tokyo Metropolitan Government 42,676
Sumitomo Mitsui Banking Corporation 35,927
Mizuho Corporate Bank, Ltd. 23,791
Employees Shareholding Association 22,179
SSBT OD05 Omnibus Account-Treaty Clients 17,627
Japan Trustee Services Bank, Ltd.(Trust Account 4) 16,405

[thereismore]

2. A message to corporations: Fuck up and the grateful nation will bail you out. nt

[Wilms]

3. REUTERS: Japan's government is not considering nationalising Tokyo Electric Power Co.

:shrug:

http://www.reuters.com/article/2011/03/29/japan-tepco-idUSLJE7EI00H20110329

Japan's government is not considering nationalising Tokyo Electric Power Co , the operator of the stricken nuclear plant, Chief Cabinet Secretary Yukio Edano said on Tuesday.

snip


......

I figure a bit of confusion is to be expected given the circumstance.

[flamingdem]

4. Tepco has a major announcement!!!

Oh why bother they'll just change it in 20 minutes