Tsunehisa Katsumata News
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Tokyo Electric Power Co., the operator of the crippled Fukushima Dai-Ichi plant, could have prevented the nuclear accident in 2011 if it had been prepared enough for the natural disaster, the chief of the company’s reform committee said.
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Tokyo Electric Power Co . for the first time defended its response to the crisis at the Fukushima Dai-Ichi nuclear power plant, with Chairman Tsunehisa Katsumata rejecting claims the utility was slow to react.
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Tokyo Electric Power Co. Chairman Tsunehisa Katsumata said he will announce in March whether he will resign over the Fukushima nuclear crisis. Katsumata was speaking in the Japanese lower house of parliament.
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Prosecutors questioned the former chairman of Tokyo Electric Power Co. as part of a criminal investigation into the 2011 nuclear accident at the Fukushima plant, Kyodo news service reported, without citing anyone.
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Tokyo Electric Power Co., facing a $20-billion-and-counting compensation bill for the Fukushima disaster, has a week to produce a business plan that includes a request for government aid and will lead to nationalization of what was once the world’s biggest private power producer.
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Tokyo Electric Power Co. President Masataka Shimizu is facing calls to quit after the crisis at the utility’s Fukushima Dai-Ichi nuclear plant capped a tenure that has seen $29 billion wiped off the company’s market value.
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Damaged reactors at the crippled Fukushima Dai-Ichi nuclear plant may take three decades to decommission and cost operator Tokyo Electric Power Co. more than 1 trillion yen ($12 billion), engineers and analysts said.
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Tokyo Electric Power Co . will be monitored by the government as a condition for state financial aid to ensure full compensation will be paid to those affected by the world’s worst nuclear disaster in 25 years.
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Japan’s government took control of Tokyo Electric Power Co., the center of the Fukushima nuclear disaster, and agreed to provide 1 trillion yen ($12.5 billion) as part of the nation’s largest bailout since the rescue of the banking industry in the 1990s.
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Fukushima prosecutors began a criminal investigation into last year’s nuclear-plant accident after more than 1,300 residents filed a complaint against executives of Tokyo Electric Power Co. including former Chairman Tsunehisa Katsumata.
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