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» TEPCO post profit in year 2013

TEPCO posts an ordinary profit of 189 billion yen ($1.84 billion) for the first nine months of fiscal 2013.The company also forecast a 57-billion-yen profit for fiscal 2013, which ends in March.

With its nuclear plants shut down for safety checks, TEPCO said its fuel costs for thermal power plants totaled 2.07 trillion yen in the April to December period, a year-on-year increase of 75 billion yen and the first time such expenses have exceeded 2 trillion yen.

But rate hikes increased revenue by 220 billion yen. The company also cut repair expenses by 53 billion yen by deferring work and trimmed personnel costs by 19 billion yen by curbing new hiring.

The utility was required to show prospects of an ordinary profit for fiscal 2013 to continue to receive funding from creditors.

Under its new rehabilitation plan approved by the government in January, TEPCO plans to secure a profit in fiscal 2014 on the condition that two reactors restart in summer at its Kashiwazaki-Kariwa nuclear power plant in Niigata Prefecture.
<Media Report>
TEPCO records 1st black ink in April-Dec. since nuclear crisis (Mainichi Newspaper)

TEPCO posts profit of 190 billion yen, expects return to black for fiscal 2013 (Asahi Newspaper)


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