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Tepco Surges a Fourth Day on Reactor Restart Speculation

Tokyo Electric Power Co., operator of the stricken Fukushima Dai-Ichi plant, surged for a fourth consecutive day, bringing gains to 59 percent in the period amid speculation it will apply soon to restart idled reactors.

Shares of the utility known as Tepco rose 12 percent to 815 yen at the end of trading on the Tokyo Stock Exchange, their highest close since March 25, 2011. Tepco, which is also Japan’s biggest power company by generating capacity, is the best performer on the benchmark Nikkei 225 stock average in the past four days and is the fourth-best performer among MSCI AC Asia Pacific Index members today.