You're not a U.S. citizen, so it's not as if you know about "what it means to be an American" either.
And I'm sure the fact that this"holding company" nonsense, which was being reported at the same time as their earnings, has NOTHING to do with the fact that they just turned a profit for the second quarter in a row. None whatsoever. Nope. Not even a factor.
ROTFL at the notion that the utility which supplies 25% of the Japanese population with power to becoming a holding company. Consider the ramifications for the other nuclear power utilities with a move like that, and you'll realize why it'll never happen. And if such an unlikely scenario were to occur, it would've happened 2 years ago, not after a direct 12B taxpayer injection and the massive amount of roll over debt that their creditors have been issuing over the past several weeks. If you believe this will actually happen, then there's a bridge in Brooklyn I might be able to interest you in.
9/11 was an inside job + Invasion of Iraq = NYT bad investment in 2013. All those M1 Abrams tanks were the obvious reason as to the Times' increase in operating expenses.
Your logic is impeccable.
Not to jump the gun, but considering all the upgrades they've made to Kashiwazaki, and the fact that they have routinely publicized these upgrades, I don't think they'd apply for the restart if they seriously thought there was any chance they wouldn't pass inspections.
IIRC, safety checks are supposed to take several months. Haven't heard anything for the companies that applied in the beginning of July, so your guess is as good as mine.
Bloomberg reporting that the Regional Governor of Niigata, Hirohiko Izumida, will allow TEPCO to apply to the new NRA in order to restart the Kashiwazaki nuke plant, which is located in his prefecture. The governor was the reason why TEPCO couldn't apply for restarts back in July. This is pretty big news.
@Locutus83, sorry for being 10 weeks off with my prediction. Next time I'll try and have the exact minute the nuke is turned back on for you.
You went an entire post without reminding us that the government is rogue or that 9/11 was an inside job. Progress~~!
...What? Are you reading the same posts that I'm writing? The only major predictions I made that was wrong was:
- Shareholders approving the $10B bailout last June, and even that actually worked out in our favor, as the preferreds that were issued are non-cumulative, non-participating, which essentially makes it an interest-free loan.
- That Kashiwazaki would be restarted sooner than later. We're three months off from when I said it, you can call me wrong when we're three years out.
Off the top of my head, here are the predictions I did make, and what has come to fruition so far:
- That the LDP and its coalition partners would win a majority in the lower house elections back in December, and that they would win a majority in the upper house this past July. RESULT: LDP won lower house, and the LDP coalition won a supermajority in July, a better result than anticipated.
- That the incoming LDP Prime Minister would step up in assisting in clean up costs. RESULT: Abe's budget includes 3.7T yen allotted to Fukushima clean-up.
- That the water-leaks would lead to the government becoming more directly involved with the plant clean-up process. RESULT: Govt. commits to an initial $500M in funds, ontop of the 3.7T yen already included as stimulus in the federal budget.
- That without any of their reactors restarting, the government would be forced to approve rate hikes to cover the increased costs in power generation. RESULT: Rates have been hiked three times already, twice in the past year, with a fourth hike expected in the next month or two.
- That contrary to reports that predicted TEPCO would be frozen out of corporate bond markets for over a decade, they would return to them much sooner than later. RESULT: TEPCO announced they plan on issuing new debt in 2015.
Several posters have said they've been following me here for quite some time, so obviously I must be making more right calls than wrong. Any other "wrong predictions" you claim I've made, I'd love to hear them.
As per their increasing FCF, they decided to reinstate their dividend, which hasn't been paid since late 2008.
Where's Beijing to put the worst possible spin on this?
Been in all the major outlets over past few days. According to TEPCO, decommissioning the remaining two nukes (which weren't damaged) would cost them $10B, leaving it up to the government to supply the funds, yet again.
I had thought that the current decommission efforts were for the entire Daiichi site, not just the damaged ones. Considering the current Finance Minister's comments back in April/May about wanting to limit TEPCOs involvement with the clean-up, as it would cause them to keep coming back to the government for more funds, AND the fact that there's also been serious talks in the past two weeks about having a third party decommission the plant, leaving TEPCO to focus on its core business, I believe the future looks very bright for this firm. Abe doesn't have to face elections for almost 3 years, so he can make the unpopular decisions now, without worry of a voter backlash. As I've said in the past, the government is going to look for opportunities to get more involved with the clean-up, and I'm certain now that the waterleaks were just the impetus needed for things to get into motion.
As a side thought, it's interesting that Abe only called for the decommissioning of the remaining two at Daiichi, and not at Fukushiima Daini, where the four nukes (compared to Daiichi's six) there weren't affected by the earthquake/tsunami. This could be a signal that there are plans to get that plant up and running in the future, on top of Kashiwazaki-Kariwa, which is almost certain to be up and running sooner than later.
Haven't heard any news regarding the reactors, but apparently there's serious talk about having the decommission of Fukushiima handled by a third party, rather than TEPCO. If that comes to be, would do wonders for the stock, even if TEPCO still has to pay some of the associated costs.
My main heritage is Italian and Irish, and religiously, I was raised Catholic, but am now an atheist. No Hebrew canards, I just know how to process information.
Been in all the major papers last few days. That's $500M less of an expense that shareholders have to account for. As I said a few months back when these leaks were reported, it would most likely be the catalyst for the central government to directly step in.
I would further expect that the government will continue picking up the majority of the rest of the clean up tab, as it provides two useful benefits: 1) It's another form of Abe's stimulus spending, in a region that could certainly use it, and 2) Gives the LDP more ammo for future elections ("The clean up under the DPJ was so bad, once we came in to power look how good of a job we did.")