The Japanese Nuclear Accident Compensation Scheme Was Introduced &Nbsp; East Power Was Not Nationalized.

In April 21st, the Japanese government announced the newly proposed Tokyo electric power.

According to this plan, East power is used.

The compensation will last for more than 10 years.

So far, the losses caused by the Fukushima Daiichi nuclear power plant accident are still being estimated.

But according to Japanese media estimates, compensation and accident handling costs amount to about 10 trillion yen (US $120 billion 400 million).

For Tokyo Electric Power, this data means a disaster.

According to the annual report of the 2009 financial year of Tokyo Electric Power Company, as of March 31, 2010, the total assets of Tokyo Electric Power Company were 13 trillion and 200 billion yen, the total liabilities were 10 trillion and 700 billion yen, and the net assets were only 2 trillion and 500 billion yen.

In the face of huge indemnity of 4 times net assets, Tokyo Electric Power Company is dead in name only.

Not only that, the Japanese earthquake will also directly lead to its failure to operate normally in the next few years.

In 2007, the Kazakh Kawasaki nuclear power station, which owns 7 nuclear power plants, was damaged in the earthquake. After that, the entire power plant was shut down for 21 months. Up to now, 3 units have not been recovered.

The direct result of the accident was that it lost 212 billion 400 million yen and 99 billion 500 million yen in the 2007 and 2008 fiscal years respectively, and only 223 billion 500 million yen in the 2009 fiscal year.

This means that nuclear power, which accounts for 27% of the total installed capacity of Dong power, is the key to its profit and loss.

The cost of nuclear power is mainly concentrated on the one-time investment in the construction of the nuclear power plant, and the cost of the later operation is much lower. In general, it is still the cheapest energy.

Chen Jianxin, deputy director of the Department of nuclear science and technology of Fudan University, gave an example to our reporter. "In a comprehensive way, the cost of generating electricity by Hongkong itself is about 1 Hong Kong dollars, while the electricity cost from Hongkong nuclear power station to Hongkong is about 0.6 Hong Kong dollars / degree".

Today, not only has the Fukushima Daiichi nuclear power plant been suspended for a long time, but also 13 of the 17 nuclear reactors, 10 of the 20 fuel power plants and two of the coal-fired power plants have been suspended.

According to the above plan, although east electric power has not been nationalized, its operation will be supervised by the government.

For example, "the compensation agency of nuclear power stations" can make capital injection to east electric power in the form of preferred shares under the deteriorating condition of Tokyo Electric Power Company.

The compensation process is expected to last for more than 10 years.

Private Companies that is too big to fail

As the largest power company in Japan, Tokyo Electric Power Company accounts for 32.6% of Japan's total electricity supply, and its service population reaches 34.9% of Japan's total population. The service area is the most prosperous Tokyo metropolitan area in Japan.

East power is really too big to fail.

The shares of Tokyo Electric Power Company are quite dispersed. According to the annual report of the 2009 financial year of TEPCO, the five largest shareholders of Tokyo Electric Power share are: Japan Trust Bank 4.47%, first life insurance 4.07%, Japan life insurance 3.90%, Japan Master Trust Trust Bank 3.81% and Tokyo metropolitan government 3.15%.

From the perspective of shareholder type, the largest proportion of individual investors accounted for 38.1%, followed by financial institutions accounted for 35.7% and foreign investors accounted for 17.4%, while government owned shares were only 3.2%.

In view of this, the Japanese government's efforts to help TDC are, to a large extent, a financial aid to finance a Private Companies that is facing bankruptcy, but this is a Private Companies that has abducted all Japan.

In addition, Tokyo Electric Power has launched a temporary compensation action for the nuclear victims.

In a April 15th announcement, Tokyo said that it would provide temporary compensation for 1 million yen for each family within 30 km radius of Fukushima nuclear power plant and within 10 km radius of Fukushima second nuclear power plant, according to the Japanese government's decision to deal with the headquarters of economic losses. The temporary compensation amount for single persons is 750 thousand yen and the total amount is about 50 billion yen.

Dong electric also announced in the same day's announcement that it will set up the Fukushima nuclear compensation office in April 28th as a focal point for the loss and temporary compensation of the nuclear accident.

However, all losses caused by nuclear accidents are not compensated by economic means.

"The radiation pollution caused by the Fukushima nuclear power plant accident to the surrounding land and the offshore waters of Japan is immeasurable, especially the accumulation of water from the reactor to the Pacific Ocean. In the short term, it will lead to the nuclear contamination of plants and animals in the sea. In the long run, the more frightening is the variation of plants and animals produced therefrom."

Chen Jianxin said.

However, he continued to stress that nuclear power is still the least harmful energy to the environment while ensuring safe operation. The existing technology means fully capable of ensuring the safe operation of the nuclear power plant.