Tokyo Electric sees profit without rate hike: paper

Posted by Washington Post: Juliet Eilperin on September 29th, 2013
Reuters: Tokyo Electric Power Co, the operator of the crippled Fukushima plant, will likely turn a profit for the first time in three years in the current business year, without raising electricity rates or restarting reactors, its president was quoted as saying on Sunday. Naomi Hirose's remarks in the Asahi Shimbun daily come after the utility on Friday applied to restart its Kashiwazaki Kariwa nuclear plant in northwestern Japan, a key step in its planned recovery plan from the Fukushima disaster. "There......

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