Business & Finance

'TEPCO damages liability may be capped at $36bn'

Published April 13, 2011 Updated April 13, 2011 12:35am

Under the plan, which is being considered by Tokyo Electric and the government, other power utilities will be asked to contribute to a mutual aid fund that would also form part of the compensation scheme.

That fund could contribute up to 2.7 trillion yen, and power utilitilies including Tokyo Electric would contribute in proportion to the number of nuclear reactors they own, the Yomiuri said.

The government would offer support for compensation beyond what would be shouldered by the utilities, it said.

 

Copyright Reuters, 2011