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 | Parts of this article (those related to the lead section and Community Compensation) need to be updated. (September 2019) |
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 Headquarters in Chiyoda, Tokyo | |
Native name | 東京電力ホールディングス株式会社 |
|---|---|
Romanized name | Tōkyō Denryoku Hōrudingusu kabushiki gaisha |
| Company type | Public KK |
| TYO: 9501 | |
| Industry | Electric utility |
| Predecessor | The Tokyo Electric Light Company, Inc. (founded in 1883) |
| Founded | Tokyo, Japan (May 1, 1951) |
| Headquarters | Chiyoda, Tokyo , Japan |
Area served | Tokyo, Kanagawa, Saitama, Chiba, Tochigi, Gunma, Ibaraki, Yamanashi, and east Shizuoka |
Key people | Yoshimitsu Kobayashi (Chairman) Tomoaki Kobayakawa (President) |
| Services | Electric generation, transmission, and distribution |
| Revenue |  ¥6,802.5 billion (2015)[1] |
| ¥316.5 billion (2015)[1] | |
| ¥451.6 billion (2015)[1] | |
| Total assets |  ¥14,212.7 billion (2015)[1] |
| Total equity | ¥2,073 billion (2015)[1] |
| Owner |
|
Number of employees | 37,939 (2022) |
| Subsidiaries | |
| Website | www.tepco.co.jp |
Tokyo Electric Power Company Holdings, Incorporated (Japanese: 東京電力ホールディングス株式会社, Tōkyō Denryoku Hōrudingusu kabushiki gaisha, TEPCO, also known as Tōden (東電) in Japan) is a Japanese electric utility holding company servicing Japan's Kantō region, Yamanashi Prefecture, and the eastern portion of Shizuoka Prefecture. This area includes Tokyo. Its headquarters are located in Uchisaiwaicho, Chiyoda, Tokyo, and international branch offices exist in Washington, D.C., and London. It is a founding member of strategic consortiums related to energy innovation and research; such as JINED,[2] INCJ[3] and MAI.[4]
In 2007, TEPCO was forced to shut the Kashiwazaki-Kariwa Nuclear Power Plant after the Niigata-Chuetsu-Oki earthquake. That year, it posted its first loss in 28 years.[5] Corporate losses continued until the plant reopened in 2009.[6] Following the 2011 Tōhoku earthquake and tsunami, one of its power plants was the site of one of the world's most serious ongoing nuclear disasters, the Fukushima Daiichi nuclear disaster. TEPCO could face ¥2 trillion (US$23.6 billion) in special losses in the current[when?] business year to March 2012,[7] and the Japanese government plans[timeframe?] to put TEPCO under effective state control to guarantee compensation payments to the people affected by the accident.[8] The Fukushima disaster displaced 50,000 households in the evacuation zone because of leaks of radioactive materials into the air, soil and sea.[9]
In July 2012, TEPCO received ¥1 trillion (US$12 billion) from the Japanese government in order to prevent collapse of the company to ensure electricity is still being supplied to Tokyo and its surrounding municipalities, and decommission the Fukushima Daiichi Nuclear Power Plant.[10] TEPCO's management subsequently made a proposal to its shareholders for the company to be part-nationalized.[11] The Nuclear Damage Compensation and Decommissioning Facilitation Corporation later became the majority stockholder to oversee the damages and decommissioning of the power plant. The total cost of the disaster was estimated at $100 billion in May 2012.[10]
- ^ a b c d e "Annual Report 2015" (PDF). TEPCO.
- ^ "Japanese nuclear exports consortium launches". www.world-nuclear-news.org.
- ^ "Innovation Network Corporation of Japan ｜ Introduction". www.incj.co.jp.
- ^ "MAI consortium members". Archived from the original on November 28, 2012.
- ^ "Tokyo Electric Has First Loss in 28 Years on Shutdown". Bloomberg News. Archived from the original on September 9, 2015.
- ^ "Tokyo Electric stays in red in FY 2008".[permanent dead link]
- ^ Antoni Slodkowski (April 11, 2011). "TEPCO may face $23.6 billion compensation costs: JP Morgan". Reuters.
- ^ "Japan to control TEPCO to handle compensation claims after nuclear disaster". Herald Sun. April 20, 2011.
- ^ Takahiko Hyuga and Tsuyoshi Inajima (June 10, 2011). "Police to Send Riot Squads to TEPCO Meeting". Bloomberg.
- ^ a b McCurry, Justin (May 9, 2012). "Fukushima owner saved from collapse by Japanese government". The Guardian. Retrieved July 11, 2012.
- ^ Mitsuru, Obe (June 27, 2012). "TEPCO shareholders OK nationalization plan". MarketWatch. Retrieved July 11, 2012.