More bad news for Tepco.

I confess that today's article is kind of ho-hum, content-wise but it was the first one on my news roll and Tepco is big news in Japan these days. Read...and do something, like sell your shares in Tepco.

東電値上げ、８％台後半で調 整 公的資金は月末に延期へ

東京電力の家庭向け電気料金値上げをめ ぐる政府内の協議が１８日、大詰めを迎え た。これまでの審査では人件費や修繕費な どの一部を削減し、値上げ幅を東電が申請 した平均１０・２８％から少なくとも８％ 台後半に圧縮する方向で調整している。利 用者への周知期間を確保するため、実施は ９月１日になる見通しだ。

一方、審査が長引いていることから、政 府は東電への公的資金１兆円の資本注入 を、当初予定の７月２５日から３１日に延 期する検討に入った。金融機関からの計３ ７００億円の融資も、２６日から８月１日 に先送りになる見込み。月末に社債償還を 控える東電の資金繰りは厳しくなる。

http://www.47news.jp/CN/201207/CN2012071801001471.html

Tepco price increase adjusted down to upper end of the 8% range, and postponement till month end of public capital investment

Tepco’s negotiations with the government on the electricity price increase for household customers reached the homestretch on the 18 th . Till now, the discussion has focused on things like reductions in personnel expenses maintenance costs but now have turned to adjusting the requested price increase from an average of 10.28% to a maximum of the upper end of the 8% range. In order to allow for a notification period to customers, the increase is projected to start September 1.

Due to the review lingering on, the government is studying the option of delaying the injection of 1 trillion yen into Tepco from 7/25 to the 31 st . It is also expected that approximately 370 billion yen in capital from financial institutions will also be postponed from 7/26 to 8/1. With bonds coming due at month end, Tepco’s financial position can only get worse.