Tepco President Rebuked by Rescue Fund Chief on Rate Hike
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Tokyo Electric Power Co. President Toshio Nishizawa was rebuked by the head of a government rescue fund over an increase in electricity rates as he sought approval for more aid to cover compensation for the Fukushima disaster.
Kazuhiko Shimokobe, the head of the steering committee of the government-backed Nuclear Damage Liability Facilitation Fund, told Nishizawa it was “regrettable” that the utility didn’t explain details of its electricity rate increase plan before it made the announcement on Jan. 17. Nishizawa apologized and asked the fund’s officials to approve the utility’s request for further aid.