Summary Box: Nuke operator seeks more public funds

Summary Box: Nuke operator seeks more public funds

Associated Press

TEPCO: The company at the center of Japan's nuclear crises is seeking additional funds from a state-backed fund to avoid insolvency.

FUNDING: Tokyo Electric Power Co. said it needs $22 billion; $12 billion to stay afloat and another $10.2 billion to cover compensation for thousands affected by the nuclear crisis set off after a massive tsunami.

DARK LEGACY: The nuclear accident at the Fukushima Dai-ichi nuclear power plant was the world's worst since Chernobyl, also affected farming, fishing and other industries, while triggering health concerns. The plant is barely under control and decommissioning is expected to take decades.

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