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


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.

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