DEC 30, 2011 Tokyo Electric Power Company (TEPCO), the monolithic corporation that controls all electric power in Greater Tokyo, and runs the Fukushima Daichii nuclear plant that experienced a triple meltdown following the March 11 earthquake, is on the brink of nationalization according to Japanese government sources. The official reason is that the firm may not be able to handle the massive compensation payments it owes to victims of the meltdown without going bankrupt. Unofficially, the firm
DEC 30, 2011 Tokyo Electric Power Company (TEPCO), the monolithic corporation that controls all electric power in Greater Tokyo, and runs the Fukushima Daichii nuclear plant that experienced a triple meltdown following the March 11 earthquake, is on the brink of nationalization according to Japanese government sources. The official reason is that the firm may not be able to handle the massive compensation payments it owes to victims of the meltdown without going bankrupt. Unofficially, the firm