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9 power utilities expect net losses in fiscal 2011

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Nine out of 10 major electricity suppliers in Japan expect group net losses for the fiscal year ending on Saturday due to soaring fuel costs. The shutdown of nuclear reactors across the country following the outbreak last year of the crisis at the Fukushima No. 1 nuclear power plant has pushed up costs for liquefied natural gas, oil and other fuels for thermal power generation. (Yomiuri)

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