Thursday
May052011
"No matter how much money we have, it will not be enough"
These are the words of Tsunehisa Katsumata, Chairman of Tokyo Electric Power Company, from a news conference in March. He was referring to the liabilities Tepco faces in the wake of the Fukushima Daiichi nuclear power plant catastrophe. He was quoted in a May 4th Wall Street Journal article entitled "Japan Confronts Liabilities for Crisis: Tokyo to Offer Plan for Victim Payouts, Financial Support for Plant's
Operator."