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Fukushima $137 Billion Cost Has Tepco Seeking More Aid

Tokyo Electric Power Co. asked the government for more aid after estimating it may need at least 11 trillion yen ($137 billion) to cover costs from last year’s nuclear disaster at its Fukushima Dai-Ichi power plant.

The utility, which has lost 94 percent in Tokyo trading since the March 2011 disaster, may have to pay more than 10 trillion yen to decontaminate areas around the plant and compensate those affected by the disaster, it said in a two-year business plan through March 2015 released yesterday.