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Tokyo Electrical Energy Firm Holdings (Tepco) reported ¥136.2 billion ($954 million) in first-quarter internet revenue on Wednesday as decrease gas buying costs helped the utility to get better from the final yr’s loss.
Tepco, the operator of the Fukushima No.1 nuclear energy plant, which exploded in 2011 after a large tsunami, paid ¥50.3 billion in compensation within the first quarter of the 2023 fiscal yr, which started in April, the agency mentioned in a press release.
Final month, Japan’s nuclear regulator granted approval for Tepco to begin releasing radioactive water from the Fukushima plant — which Japan and the Worldwide Atomic Power Company say is secure however close by international locations concern it might contaminate meals.
Hiroyuki Yamaguchi, chief monetary officer at Tepco, informed reporters that the corporate nonetheless plans to launch the water from this summer time, however didn’t present a selected timing.
The agency’s friends, together with Kansai Electrical Energy and Chubu Electrical Energy, posted document first-quarter income on decrease gas prices and as a few of them return nuclear energy again into operation.
Within the first quarter of 2022 fiscal yr, Tepco noticed a ¥48.1-billion loss, hit by a excessive gas buying value and ongoing funds to the victims of the 2011 nuclear catastrophe.
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