nuclear-news

latest news on the uranium/nuclear industry

Japan: taxpayers to take on nuclear costs, companies to keep profits?

Fukushima exposes contradictions / Nuclear crisis prompts govt to rethink private companies’ operation of N-plants Hiroshi Ikematsu / Yomiuri Shimbun, 7 Jan 12
The government’s moves to overhaul the state’s nuclear policy were prompted by serious contradictions discovered in that policy, as a result of the nuclear crisis at the Fukushima No. 1 nuclear power plant.

Although the Law on Compensation for Nuclear Damage stipulates that electric companies have unlimited liability in the case of accidents, the government had no choice but to support Tokyo Electric Power Co.’s efforts to pay compensation for damage caused by the Fukushima crisis. Therefore, the government plans to overhaul the law, including a review of utilities’ unlimited liability.

If it does so, however, entrusting utility companies with the operation of cost-efficient nuclear power plants, the companies may just siphon off profits and push the risk of accidents onto the
state…….    http://www.yomiuri.co.jp/dy/national/T120106005620.htm

January 7, 2012 - Posted by | business and costs, Japan

No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Connecting to %s

Follow

Get every new post delivered to your Inbox.

Join 55 other followers