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November 9, 2012

Cost of Japanese nuke cleanup could hit $125B

  • Officials say it will take about 40 years to fully decommission the wrecked reactors at the Fukushima Dai-Ichi plant.
    AP Business Writer

    TOKYO — The Japanese operator of the nuclear power plant devastated in last year's disasters is seeking more government financial support, saying the cost of the cleanup could be double the 5 trillion yen ($62.5 billion) allocated so far.

    Tokyo Electric Power Co. made the appeal in a management “action plan” it presented Wednesday.

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