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
This article would not be possible without the extensive efforts of the SimplyInfo research team
Join the conversation at chat.simplyinfo.org
© 2011-2023 SimplyInfo.org, Fukuleaks.org All Rights Reserved Content cited, quoted etc. from other sources is under the respective rights of that content owner. If you are viewing this page on any website other than http://www.simplyinfo.org (or http://www.fukuleaks.org) it may be plagiarized, please let us know. If you wish to reproduce any of our content in full or in more than a phrase or quote, please contact us first to obtain permission.