Two Japanese Power Companies Ask For Bailouts
First Hokkaido Electric, now Kyushu Electric is asking for a government bank to give them money. Both are complaining about unexpected costs involved with operating without their nuclear power plants.
Kyushu Electric owns quite a few reactors, Hokkaido Electric only owns two. This may sound familiar to readers in the US after Exelon Nuclear began asking for government bailouts because other sources of electricity were so cheap it is putting them out of business. In Japan the claims are the opposite, that other generation not from competitors but from the power company itself is “so expensive” using non nuclear power, it can’t operate in the positive.
image credit | caples.org
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