CLSA's Bowers on Tepco, Chubu Electric From May 13

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May 13 (Bloomberg) -- Penn Bowers, an analyst at CLSA Asia-Pacific Markets in Tokyo, talks about Japan's nuclear power industry. Japan’s government will provide financial aid for Tokyo Electric Power Co. to protect the utility from bankruptcy as it pays compensation to those affected by the worst nuclear disaster in 25 years. Separately, Chubu Electric Power Co. inserted control rods into the No.4 reactor of its Hamaoka nuclear plant before dawn Friday, to begin its shutdown after a Japanese government request, Kyodo News reported. Bowers speaks with Rishaad Salamat on Bloomberg Television's "On the Move Asia." (Source: Bloomberg)


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