Tokyo Electric Power Company HoldingsOTCPK - Current
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  • Wed, Aug. 31, 1:18 AM
    • Tokyo Electric Power (OTCPK:TKECY), operator of the wrecked Fukushima power plant, jumped as much as 12% - the most in more than a year - after a prefecture governor opposing the restart of one of its reactors abandoned his bid for re-election.
    • Hirohiko Izumida was cautious about accepting the company's plans, saying Tepco hadn't done enough research into the causes of the nuclear reactor meltdown in March 2011.
    | Wed, Aug. 31, 1:18 AM
  • Tue, Aug. 30, 3:34 AM
    | Tue, Aug. 30, 3:34 AM | 1 Comment
  • Sep. 12, 2014, 8:57 AM
    • Tokyo Electric Power (OTCPK:TKECF) says it has signed a 17-year deal to buy up to 1.2M metric tons/year of liquefied natural gas from BP's Singapore unit starting from April 2017.
    • The LNG will be sourced from BP's portfolio rather than a specific project, and the prices will be linked to the U.S. Henry Hub gas index rather than oil prices.
    | Sep. 12, 2014, 8:57 AM | 2 Comments
  • Jan. 16, 2014, 10:45 AM
    • Tokyo Electric Power (TKECF, TKECY) wins government approval for a restructuring that will help pave the way for another ¥4T ($38.3B) in additional state funding.
    • An important part of the plan is for the restart of two reactors at another facility in northern Japan, which faces strong criticism after the company failed to take proper precautions at the Fukushima plant, which was hit by an earthquake and tsunami in 2011.
    • The new plan does not offer a clear path for a return to financial health as Tepco struggles with the high costs of cleaning up Fukushima and compensating those in the area affected by the release of high levels of radiation.
    | Jan. 16, 2014, 10:45 AM | 3 Comments
  • Sep. 4, 2013, 3:26 AM
    • Radiation levels around tanks holding contaminated water at Tokyo Electric Power's (TKECF.PK) crippled Fukushima nuclear plant have spiked to 2,200 millisieverts (mSv) from 1,800 mSv on Sunday. Either level would be enough to kill an unprotected person within hours.
    • A major problem is that the tanks are leaking huge amounts of contaminated water into the sea and into the surrounding groundwater.
    • Yesterday, the government said it would take charge of the 2 1/2 year clean-up process and provide almost $500M for two big projects — a ring of frozen ground to protect groundwater from radiation and a plant to filter out radioactive elements.
    • However, there is a long list of other expensive tasks that need to be carried out. The question is whether the government will provide the necessary money.
    | Sep. 4, 2013, 3:26 AM | 2 Comments
  • Aug. 27, 2013, 8:37 AM
    | Aug. 27, 2013, 8:37 AM | 4 Comments
  • Aug. 21, 2013, 8:11 AM
    | Aug. 21, 2013, 8:11 AM | 8 Comments
  • Feb. 8, 2013, 8:20 AM

    Tepco's deal to import liquefied natural gas from the proposed Cameron LNG project (SE) in the U.S. starting in 2017 could have wider repercussions in the global LNG market by helping break the link between oil and LNG and eventually helping to bring world LNG prices down, Macquarie Research says. The project in Louisiana has yet to gain the government's approval for export.

    | Feb. 8, 2013, 8:20 AM | 1 Comment
  • Dec. 7, 2012, 4:56 AM

    A tsunami of 1 meter in height hits Japan's Miyagi prefecture following a 7.3 magnitude earthquake, while Tokyo Electric says it hasn't detected irregular radiation levels at its Fukushima Daiichi nuclear plant. You can find regular updates of the story here or on Twitter here.

    | Dec. 7, 2012, 4:56 AM | 4 Comments
  • Oct. 8, 2012, 9:50 AM

    Tepco reportedly is in talks with Cheniere Energy (LNG), Sempra Energy (SRE) and other U.S. energy firms to import shale gas, as it seeks to hold down fuel costs and reduce high electricity charges. Tepco was forced to raise household power rates in September, and cheap U.S. shale imports likely would allow it to reduce costs.

    | Oct. 8, 2012, 9:50 AM
  • Jun. 18, 2012, 5:08 AM

    Chevron (CVX) signs a deal to supply additional LNG to Japan's Tepco and to sell Tepco an 8% stake in the Wheatstone natural gas processing plant and a 10% stake in the Wheatstone gas field license. Financial terms weren't disclosed.

    | Jun. 18, 2012, 5:08 AM
  • Jun. 3, 2012, 3:36 AM
    Japanese securities regulator, the SESC, intends to ask the U.S. SEC for its help in an expanding investigation of insider trading, Reuters reports. The SESC believes Nomura may have leaked information to American investors about an offering from Tepco (TKECF.PK). JPMorgan (JPM) has already been linked to a stock  sale from Nippon Sheet Glass.
    | Jun. 3, 2012, 3:36 AM | 1 Comment
  • Mar. 29, 2012, 6:52 AM

    TEPCO (TKECF.PK) teeters on the edge of insolvency unless a ¥1T ($12.2B) injection from the government is approved. The company says that its capital has fallen to ¥620B, after standing at close to ¥2T before the Fukushima disaster.

    | Mar. 29, 2012, 6:52 AM | 1 Comment
  • Mar. 26, 2012, 7:51 AM

    TEPCO (TKECF.PK) closes down its last nuclear reactor still running in Japan, leaving the nation close to being nuclear free as it waits for the government to approve restarts amid ongoing safety concerns. Push will come to shove this summer when hot weather delivers peak energy demand that fossil fuel plants are unlikely to be able to meet.

    | Mar. 26, 2012, 7:51 AM
  • Mar. 5, 2012, 9:47 AM

    Shareholders of Tepco (TKECF.PK) file suit against 27 current and former directors of the firm for a staggering ¥5.5T ($67.4B) to cover damages stemming from the Fukushima disaster. Though Japanese courts have set a precedent for tagging individual executives with damages for mismanagement, the size of the requested award is the largest on record.

    | Mar. 5, 2012, 9:47 AM | 1 Comment
  • Mar. 2, 2012, 8:55 AM
    Japan's government plans to take a majority stake in embattled Tepco (TKECF.PK) in exchange for a capital injection of 1T yen ($12.4B) in public funds. The deal gives the government voting rights that will enable to institute reforms and stricter corporate governance.
    | Mar. 2, 2012, 8:55 AM