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Japan May Abandon Ten Nuclear Power Plants
| Dec 27, 2011
| 11:27 AM EST
According to Will Davis' December 27, 2011 entry in
http://atomicpowerreview.blogspot.com:
The Governor of Fukushima Prefecture has apparently told the president of the Tokyo Electric Power Company (TEPCO) he will permit no reactor operation anywhere in the Fukushima Prefecture. This will mean the decommissioning of not only the damaged Fukushima Daiichi's No. 1, No. 2, No. 3 and No. 4 units, but also the undamaged Fukushima Daiichi No.5 and No. 6 plants and also the four intact and undamaged reactor plants at Fukushima Prefecture's other nuclear generating station; the Fukushima Daini generating station. This could place TEPCO in a further state of economic distress as it will now lose revenues from Fukushima Daiichi and also Fukushima Daini. To provide perspective, TEPCO may be forced to fund over ten billion dollars for the decommissioning of ten nuclear power plants; four damaged plants and six undamaged plants. Worse, TEPCO will have to undertake that decommissioning while they absorb substantial losses of revenue. If this plays out as currently planned, it likely means TEPCO could be facing unsustainable economic challenges.
Position: At the time of publication, Glenn Williams had no position in any of the stocks mentioned.
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