Second Japan nuclear operator seeks government bailout


  • World
  • Tuesday, 01 Apr 2014

TOKYO (Reuters) - Japan's Hokkaido Electric Power Co, facing a third year of financial losses, is seeking a capital infusion from a state-owned lender, a source with knowledge of the matter said on Tuesday.

If successful, Hokkaido Electric would be the second Japanese nuclear operator after Tokyo Electric Power Co (Tepco) to receive a government bailout since the Fukushima crisis in 2011. Japanese media earlier reported that the utility will get the bailout.

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