Final Fukushima report damns TEPCO

The clean-up at Fukushima after its tsunami-sparked nuclear meltdowns is unlike anything humanity has ever undertaken, Japan's prime minister said on Saturday during a tour of the plant.

The Japanese government has estimated that compensation for damages resulting from the country's nuclear crisis could reach four trillion yen ($49 billion), a report said Tuesday.Half the money will come from Tokyo Electric Power Co (TEPCO), the operator of the crippled Fukushima Daiichi power plant, with the rest coming from other electricity companies, the Asahi Shimbun said, without citing sources.The came as TEPCO calculates its earnings and prepares its future budget, the Asahi said.

The Japanese government plans to take a stake of more than two-thirds in Tokyo Electric Power Co in a de facto nationalization of the operator of the crippled Fukushima nuclear power plant, the Yomiuri ...

TOKYO (Reuters) - The Japanese government plans to take a stake of more than two-thirds in Tokyo Electric Power Co in a de facto nationalization of the operator of the crippled Fukushima nuclear power plant, the Yomiuri newspaper said on Wednesday.

Here's a pretty shocking chart: it's the share price of TEPCO, the beleaguered Japanese power company at the center of the Fukushima nuclear disaster that followed from the Japanese earthquake in April 2011. Year-to-date, the stock is up 396%. In recent days, it's gone absolutely vertical in the past few days on speculation that the company will at last power up its nuclear reactors again, which have been shut down since the disaster.