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Kansai Electric Estimates Safety Measures to Cost $3.1 Billion

Kansai Electric Power Co., which supplies Japan’s second-biggest metropolitan area, may have to spend at least 285 billion yen ($3.1 billion) to improve the safety of its nuclear-power plants, President Makoto Yagi said.

The nation’s most nuclear-reliant utility may have to further increase the expenditure to meet the Nuclear Regulation Authority’s new safety standards for atomic-power stations, Yagi told reporters today in Tokyo, without giving comparable a number or a timeline.