Tepco WonÂ’t Increase Electricity 15 Per cent

subscribe

Tokyo Electric Power Co. wonÂ’t go ahead with plans to boost electricity prices by as much as 15 percent after government and public criticism, Kyodo News reported, citing unidentified people familiar with the matter.

The utility known as Tepco already informed creditors about the reversal of its plans, Kyodo said, citing the unidentified people. Tepco may propose a smaller price increase to cover expected higher costs, Kyodo said.

The company had planned to boost prices to help cover costs associated with reactor meltdowns at its Fukushima Dai-Ichi nuclear plant, Kyodo said.

Related News

undersea cable

Fish boom prompts energy conglomerate to spend $14.5M to bury subsea cables

HALIFAX - The parent company of Nova Scotia Power disclosed this week to the Utility and Review Board that it spent almost $14,492,000 this summer to bury its Maritime Links cables lying on the floor of the Cabot Strait between Newfoundland and Cape Breton.

It's a fish story no one saw coming, at least not Halifax-based energy conglomerate Emera.

The parent company of Nova Scotia Power disclosed this week to the Utility and Review Board that it spent almost $14,492,000 this summer to bury its Maritime Link cables lying on the floor of the Cabot Strait between Newfoundland and Cape Breton.

The cables…

READ MORE
taiwan power outage

Taiwan's economic minister resigns over widespread power outage

READ MORE

Newfoundland Consumer Advocate

NL Consumer Advocate says 18% electricity rate hike 'unacceptable'

READ MORE

powerlines

Lawmakers push bill to connect Texas grid to rest of the nation

READ MORE

Washington County planning officials develop proposed recommendations for solar farms

READ MORE