nuclear-news

Japanese utility shareholders meetings – local governments will demand nuclear power shutdown

Local governments to demand change at utility shareholders’ meetings, June 26, 2012 THE ASAHI SHIMBUN Long seen as “silent” shareholders, local governments are expected to demand bold reforms, such as abolishing nuclear power plants, at the general shareholders’ meetings of electric utilities.

But they may not have enough voting power to force big changes in the industry. All 10 of Japan’s regional electric power companies, except for Okinawa Electric Power Co., are scheduled to hold their shareholders’ meetings on June 27.

At Kansai Electric Power Co.’s meeting, Osaka Mayor Toru Hashimoto is set to propose “the abolition of all of its nuclear power plants as soon as possible” in company’s articles of incorporation. The city of Osaka is the largest shareholder of Kansai Electric, with a 9.37-percent stake in terms of voting rights……
http://ajw.asahi.com/article/0311disaster/fukushima/AJ201206260079

June 27, 2012 - Posted by Christina Macpherson | Japan, politics