Tepco turns to government for cash

http://search.japantimes.co.jp/cgi-bin/nn20110510x2.html

Embattled Tokyo Electric Co. President Masataka Shimizu officially asked the government Tuesday to help shoulder the burden of compensating people affected by the disaster at the Fukushima No. 1 nuclear plant.

The utility is facing trillions of yen in payouts to residents and local governments around the plant, which has been leaking radiation since the March 11 earthquake and tsunami.

Unlikely able to afford the compensation on its own, Tepco must also spend tens of billions of yen to decommission the reactors at the stricken plant.

At a meeting with Chief Cabinet Secretary Yukio Edano and Banri Kaieda, minister of economy, trade and industry, Shimizu promised that Tepco would raise as much money as possible but asked the government to help cover the expected outlays.

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surprise surprise

Allow me:

:sarcasm: