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Kansai Electric Rises After Report Stress Tests to Be Approved

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Jan. 18 (Bloomberg) -- Kansai Electric Power Co. rose the most in five months in Tokyo trading after NHK Television reported Japan’s nuclear watchdog may approve the results of stress tests on two of the utility’s reactors.

The shares rose as much as 5.2 percent, the biggest gain since August, to 1,286 yen on the Tokyo Stock Exchange and were quoted at 1,275 yen at the midday trading break.

The Nuclear and Industry Safety Agency may today announce its approval of the outcomes of the first phases of stress tests on the reactors at Kansai Electric’s Ohi plant in western Japan, NHK reported, without saying how it got the information.

To contact the reporter on this story: Tsuyoshi Inajima in Tokyo at tinajima@bloomberg.net

To contact the editor responsible for this story: Amit Prakash at aprakash1@bloomberg.net

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