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TEPCO outlines reform plan

July 4, 2017


New TEPCO leadership conveys reform plan to govt.




The new managers of Tokyo Electric Power Company have outlined their plan for reforms to squeeze out money to cover costs linked to the 2011 accident at Fukushima Daiichi nuclear plant.

TEPCO Chairman Takashi Kawamura and President Tomoaki Kobayakawa took up their posts last month.

On Tuesday, they made a courtesy call on Economy, Trade and Industry Minister Hiroshige Seko.

Seko urged the new leadership to carry out huge reforms, because the utility cannot fulfill its responsibility for Fukushima with conventional management.

Kawamura vowed to set challenging goals, and to overhaul the corporate culture.

Kobayakawa said TEPCO will make mutually beneficial proposals to various companies to promote business reorganization and integration.

Kawamura sat on the government panel that proposed TEPCO fund costs related to the Fukushima accident through management reform.

Kawamura told reporters after the meeting that he asked the government for continued guidance.


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