Tokyo Electric Power (TKECF.PK) will be nationalized for 10 years and should become profitable...

|About: Tokyo Electric Power Compa... (TKECF)|By:, SA News Editor

Tokyo Electric Power (TKECF.PK) will be nationalized for 10 years and should become profitable in fiscal 2013, in a plan that will supply the company with the ¥1T ($13B) it was seeking from its creditors. The deal should be finalized by Tepco and Japan's government in March and would keep compensation payments tied to Tepco's March 11 accident flowing.