Tepco, Kansai Support Nuclear Future, Defying Opposition
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Tokyo Electric Power Co. led Japanese utilities in rallying around a nuclear future, defying growing public opposition to atomic energy after the worst radiation accident in 25 years.
Shareholders of Tepco, as Japan’s biggest utility is known, voted to continue with nuclear power yesterday at the company’s first annual meeting since the crisis at its Fukushima Dai-Ichi nuclear plant wiped about $36 billion off its market value. Kansai Electric Power Co. today reinforced the status quo, with shareholders rejecting a motion to halt reactors.