Corporate Information

Press Release (Jul 31,2012)
(Comment)Acceptance of Our Preferred Stock by the Nuclear Damage Liability Facilitation Fund

July 31, 2012
Tokyo Electric Power Company
President Naomi Hirose

We apologize to the people of Fukushima and broader society for the inconvenience and anxiety caused by the accident at Fukushima Daiichi Nuclear Power Station. We also deeply apologize to our customers for the heavy burden of electricity rate raise placed on their daily lives and business activities under the current severe economic situation.

Today, our preferred stock (total amount paid: 1 trillion yen) has been accepted by the Nuclear Damage Liability Facilitation Fund. We take to heart the tremendous support by public fund in addition to the fund provided to cover compensation payouts to those afflicted by the nuclear accident.

Upon the acceptance of preferred stock, we are now placed under "temporary state control". With great appreciation for the last chance granted to us to transform to "New TEPCO", we will make our utmost efforts in achieving compensation payouts with courtesy and compassion, reactor decommissioning and stable power supply.

All employees of TEPCO and the group companies are strongly determined to strive for the attainment of further business streamlining and swift implementation of the comprehensive special business plan with safety on the top priority. We greatly appreciate your continuing support and understanding.

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