Shareholders seek injunction to halt TEPCO funds for Tokai plant

Shareholders seek injunction on TEPCO funds for Tokai plant:The Asahi Shimbun

Three shareholders of Tokyo Electric Power Co. Holdings Inc. (TEPCO) filed a temporary injunction request on July 12 with the Tokyo District Court to stop the utility from providing financial support for the resumption of the Tokai No. 2 nuclear plant.

The plaintiffs argued that the interests of TEPCO and its shareholders would be violated if support was provided to Japan Atomic Power Co. with little likelihood of collecting a return from that venture.

The Nuclear Regulation Authority on July 4 gave the green light regarding safety measures submitted by Japan Atomic Power for the restart of its plant in Tokai, Ibaraki Prefecture, northeast of Tokyo.

via Shareholders seek injunction on TEPCO funds for Tokai plant:The Asahi Shimbun