Apr 18, 2011
How much lower can the Japanese nuclear power company TEPCO go? After falsifying its reports on incidents at its Fukushima nuclear plant, after cutbacks on maintenance and safety that led to this nuclear catastrophe, after a profit of 1.8 billion dollars, it shamelessly demanded a rate increase for residents in April. And it dared to blame that on an increase in gas and oil prices!
TEPCO apparently plans to cover the losses and pay for the repair of their nuclear plant by making the population pay. After having killed and destroyed an entire region in the name of profit, the bosses can’t imagine paying for it!
To make matters worse, the Japanese government is supposedly thinking of taking a majority stake in the company, so that taxpayers will be responsible for the liability TEPCO has run up. Merrill Lynch estimates the cost at 133 billion dollars.