iBankCoin
Joined Nov 11, 2007
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TEPCO May Receive Cash Infusion

Major Japanese institutions are considering injecting almost $25 billion in Tokyo Electric by the end of the month. Even before this crisis, TEPCO had the worst balance sheet, out of all the major electricity providers, in the world.

With a potential $300 billion price tag to rebuild Japan, TEPCO is in dire need of financing, not only to rebuild infrastructure, but to fend off litigation.

Essentially, this is a bailout.

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One comment

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