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Business & Finance

Tokyo Electric may announce Q2 results Nov 14

Published Updated

tepcoTOKYO: Japan's Tokyo Electric Power Co , operator of the crippled Fukushima Daiichi nuclear plant, is likely to announce its earnings for April-September on Nov. 14, the Yomiuri newspaper reported on Wednesday.

A spokesman for the utility, known as Tepco, denied it has set a date for the announcement, however.

The firm is preparing a business plan that must win government approval by early November so that a bailout body, funded by public money and contributions from nuclear operators, will provide unlimited funds to help compensate those affected by the ongoing radiation crisis in Fukushima.

Copyright Reuters, 2011

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