nuclear-news

Fukushima compensation payments 1.24 trillion yen, and rising

TEPCO must compensate nuclear accident victims quickly The Yomiuri Shimbun, 2 Oct 12
The government should further enhance its system to resolve disputes over compensation for damage caused by the crisis at the Fukushima No. 1 nuclear power plant so people suffering from the nuclear accident can be helped appropriately and quickly.

By late September, 940,000 compensation claims had been made against Tokyo Electric Power Co., the operator of the nuclear plant, for damage caused by the crisis. The claimants and TEPCO have reached agreements in 860,000 cases. The total compensation has already reached 1.24 trillion yen and will increase further. This shows the seriousness of the accident, which has forced 160,000 local residents to evacuate.

Under a compensation scheme for the damage caused by the crisis, the government first pays evacuees the money and later requires TEPCO to repay it. Compensation is calculated based on criteria set by the government’s Committee for Dispute Resolution for Compensating Damages from the Nuclear Power Plant Incident.

The criteria require TEPCO to pay compensation for such expenses as evacuation transportation fees and damage to farmers and other people who lost their businesses due to the crisis.

The agreement ratio has been high in initial compensation negotiations, but many crisis victims are still dissatisfied with the amount of reparations…… http://www.yomiuri.co.jp/dy/editorial/T121001002720.htm

October 3, 2012 - Posted by Christina Macpherson | business and costs, Fukushima 2012, Japan