Tokyo Electric Power Co. and the fund helping it with nuclear disaster compensation might hike power rates once for six years before cutting them 5 percent in fiscal 2018, sources said Friday.
The utility's plan, which entails further restructuring based on additional loans from creditor banks, is designed to persuade creditors to give it more loans. But its feasibility is unclear because it depends on restarting now-idled nuclear plants and other unforeseeable factors. (Japan Times)
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