Japan Atomic Said to Seek Rollover of 104 Billion Yen Loans

Japan Atomic Power Co., a wholesale nuclear power generator owned by regional utilities, is in talks with banks to roll over 104 billion yen ($1.1 billion) loans due in April, two people familiar with the matter said.

The company is seeking guarantees for the loans from Kansai Electric Power Co., Chubu Electric Power Co., Tohoku Electric Power Co. and Hokuriku Electric Power Co., one of the people said, declining to be identified because the information is private. Agreements among the involved parties may be reached by mid-March, the person said.