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Tokyo Electric Power Company, Incorporated Message Board

  • locutus83 locutus83 Jul 5, 2013 10:44 AM Flag

    Good news or bad news?

    Several news articles stating that TEPCO had gone around trying to convince the respective province mayors to give their consent for restarting the reactors. 2 out of 3 gave a half-hearted nod, with the last one rejecting it outright.

    And on top of that, tepco was not among those that will be applying for restarts on Monday 8 July. this means that any restart will unlikely to occur this year.

    While TEPCO does not officially need the consent to restart so long as the NRA gives the go ahead, it is still vital that TEPCO is seen as having the support of the respective mayors and municipalities.

    So the question now is, this seems like a neither here nor there situation. If one were to look at it objectively, it is practically a given that the reactors will be restarted. The question is when? And it is that question that worries me a little how that will affect the share price next week.

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    • Governor’s opposition forces TEPCO to delay restart application

      Tokyo Electric Power Co. has been forced to postpone an application for restarting two reactors in Niigata Prefecture due to staunch opposition from the prefectural governor.

      TEPCO President Naomi Hirose on July 5 sought to gain support from Governor Hirohiko Izumida for plans to restart the No. 6 and No. 7 reactors at the Kashiwazaki-Kariwa nuclear power plant.

      TEPCO had hoped to file an application with the Nuclear Regulation Authority as early as July 8, when new nuclear safety standards take effect.

      Izumida refused to approve the plans and criticized TEPCO for making a decision on July 2 to apply for restarting the reactors without offering any explanation to the local community.

      Emerging from the 30-minute meeting at the prefectural government office, Hirose told reporters he wants to meet Izumida again to state his case.

      Hirose said after he briefed a senior official of the industry ministry about his meeting with Izumida on the evening of July 5 that the setback will make it difficult to file an application on July 8.

      “We have entered a thorny path,” a senior TEPCO official said. “We may not be able to bring the reactors back online.”

      At the Kashiwazaki-Kariwa plant, TEPCO is installing filtered venting equipment, which is required under the new safety standards, to release steam from reactor containment vessels in the event of a severe accident.

      Izumida told Hirose that TEPCO needs to obtain prior approval for the installation from the local community based on a nuclear safety agreement between TEPCO and the prefecture and two other local governments that host the nuclear plant.

      All seven reactors at the plant, which straddles Kashiwazaki city and Kariwa village, have remained offline since March 2012, a year after TEPCO’s Fukushima No. 1 nuclear power plant was crippled by the Great East Japan Earthquake and tsunami.

      • 1 Reply to locutus83
      • TEPCO, which posted 780 billion yen ($7.78 billion) in combined pretax losses over the past two years, plans to return to the black in the current fiscal year by restarting reactors at the Kashiwazaki-Kariwa plant.

        When Izumida said TEPCO is putting profit ahead of safety, a red-faced Hirose said the utility needs to avoid a third consecutive loss.

        Izumida emphasized that TEPCO should not file an application without prior approval from the local community.

        Hirose said TEPCO plans to consult with the local community after filing an application.

        “We think it is possible for the prefecture’s technical committee to conduct its checks in parallel with the NRA’s safety screening,” Hirose said.

        But Izumida disagreed. Doing things that way, he said, does not constitute prior approval.

        “Only by keeping a promise and not telling a lie can you stand at the starting line,” he said.

        Hirose also met separately with Kashiwazaki Mayor Hiroshi Aida and Kariwa Mayor Hiroo Shinada on July 5.

        While Izumida refused to accept a written request for prior understanding on the installation of filtered venting equipment, both Aida and Shinada had no problem doing so.

        Aida and Shinada were later asked to comment on the meeting between Hirose and Izumida.

        Aida said he expects TEPCO to take steps so that a relationship of trust will not be damaged, while Shinada questioned Izumida’s refusal to accept documents from Hirose.

        The nation’s 50 nuclear reactors, except for two in Fukui Prefecture, remained offline after the Fukushima nuclear disaster.

        Hokkaido Electric Power Co., Kansai Electric Power Co., Shikoku Electric Power Co. and Kyushu Electric Power Co. will apply on July 8 for restarting 10 reactors at five plants, NRA officials said July 5.

        Kyushu Electric said it plans to file an application for two additional reactors on July 12.
        delayed if an application is not submitted ear

3.700.00(0.00%)Nov 26 3:24 PMEST

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