(Source)
http://nuclear-news.net/2013/11/13/japans-electricity-companies-profitable-without-using-nuclear-power/
Fukushima Watch: Some
Power Companies in Black without Nuclear Restarts WSJ, By
Mari Iwata, 12 Nov 13 Many
of Japan’s power companies generated a profit in the first half of
the year. While that’s good news for shareholders, it’s an
awkward outcome for utilities that have insisted they cannot stay out
of the red without restarting their nuclear reactors. The
latest earnings show that many of Japan’s major utilities generated
a profit in the first half of this fiscal year, even without the help
of their nuclear power plants.
Amid uncertainty about
whether nuclear restarts can win regulatory approval, that is good
news for shareholders. But it puts the utilities themselves in a
difficult position, since they have been loudly complaining that
without their nuclear plants, they will remain in the red.
Five of the nine regional
utilities that have nuclear power plants posted a net profit for the
six months ending Sept. 30. They include Tokyo
Electric Power Co., whose Fukushima Daiichi plant in
northern Japan was at the center of the nuclear crisis that led to
the shutdown of nuclear plants amid safety concerns. Also making
profits were Tohoku Electric Power Co.,Hokuriku
Electric Power Co., Kansai
Electric Power Co. and Chugoku
Electric Power Co…….
epco was the biggest gainer,
with a ¥616
billion ($6.19 billion) net profitfor the six months. That
compared with a ¥299 billion net loss a year earlier and a ¥627
billion net loss in the same period the previous year as the company
struggles to pay for the cleanup and decommissioning of the Fukushima
plant…..
“Tepco’s profit is false,
coming from the government’s handouts,” said Akiko Sekine of
Greenpeace Japan.
But she said that for other
utilities, the figures showed there may be life after nuclear power.
“They have said they
wouldn’t be able to get by without restarting reactors, but it
seems they can,” she
said…… http://stream.wsj.com/story/latest-headlines/SS-2-63399/SS-2-379528/
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