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.Japanese
power companies' debt soaring: report
6
June, 2012
Japanese
electric utilities which have shut down nuclear plants have seen
their debts soar by a collective 1 trillion yen ($12.6 billion) to
just above ¥24 trillion, the Nikkei business daily reported
Thursday.
The
jump in debt during the March 2011-March 2012 fiscal year --
including a 13% leap for Kansai Electric Power Co. -
comes on a surge in costs as the nine former nuclear-plant
operators moved to liquefied natural gas and other fuels.
Japan
has shut all of its nuclear plants in the wake of a radiation
disaster at the Fukushima Daiichi plant run by Tokyo Electric Power
Co., caused by the March 2011 earthquake and tsunami.
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