Tepco

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Tepco

logo
legal form Kabushiki-gaisha (joint stock company)
ISIN JP3585800000
founding May 1, 1951
Seat Chiyoda , Tokyo
management Kazuhiko Shimokobe ( torishimariyaku kaichō , Chairman), Naomi Hirose ( torishimariyaku shachō , President)
Number of employees 53,036 (December 31, 2010)
sales 5.976 trillion Yen (€ 49.5 billion, March 31, 2013)
Branch power supply
Website www.tepco.co.jp

Tepco ( spelling TEPCO , from English The Tokyo Electric Power Company, Incorporated , Japanese. 東京 電力 株式会社 , Tōkyō Denryoku kabushiki-gaisha ; literally "Electrical Energy Tokyo", 東 電 for short , Tōden ) is an energy supply company based in Tokyo , Japan , which is listed in the Nikkei 225 .

The service area includes the region Kantō with the prefectures of Tokyo , Gunma , Tochigi , Ibaraki , Saitama , Chiba , Kanagawa , as well as Yamanashi and part of Shizuoka Prefecture east of the river Fuji .

The company's securities identification number on the Tokyo Stock Exchange is 854307.

history

Senjū coal-fired power station in the 1940s with its "ghost chimneys" ( お 化 け 煙 突 , obake entotsu )
Historical logo

Shortly before the start of the Second World War , all power-generating companies in Japan were nationalized in April 1939 , and in 1942 they were merged into nine state-owned companies. At the instigation of Yasuzaemon Matsunaga , the chairman of the council for the reorganization of the electricity industry, the Allied occupation authorities had these nine companies privatized on May 1, 1951, one of which was the Tōkyō Denryoku. These initially retained their regional monopolies and, after the liberalization of the electricity market in 1995, regional quasi-monopolies.

Tepco is Japan's largest energy producer and produces 27% of the country's energy. The group holds the quasi-monopoly in the Tokyo area , a service area of ​​45 million inhabitants - more than a third of the Japanese population.

In the list of the world's top-selling companies ( Fortune Global 500 ), Tepco came in at 136th place in 2007 and 13th for Japan. The company is also one of the 30 largest carbon dioxide emitters in the world . In 2007 the plants operated by him produced 62.0 million tons of CO 2 .

Power generation

In 2009 Tepco was the operator of

The latter two power plants are located on the island of Hachijō-jima and were built in 1999 and 2000, respectively.

Incidents

The Tepco headquarters

On August 29, 2002, it became known that Tepco had not reported accidents and delayed repairs for 16 years. The relevant reports had been falsified. As a result, the company's managing president Nobuya Minami ( 南 直 哉 ), chairman Hiroshi Araki ( 荒木 浩 ), one of the vice-presidents Toshiaki Enomoto ( 榎 本 聰明 ) and the two advisors Gaishi Hiraiwa ( 平 岩 外 四 ) and Shō Nasu ( 那 須 翔 ) back. Another consequence was that all 17 nuclear reactors , ten of them in Fukushima Prefecture and seven in the Kashiwazaki-Kariwa Nuclear Power Plant , had to be shut down for inspection. By July 2004 all reactors were switched on again. Reports of incidents were repeatedly made in 2004. Nobuya Minami was replaced by Tsunehisa Katsumata.

As a result of the Niigata Chūetsu coastal earthquake in 2007 , the company's largest power plant, Kashiwazaki-Kariwa, had to be shut down for 21 months due to earthquake damage, which meant that the company had to report a loss for the first time in 28 years and Katsumata resigned from his post as president and thus CEO in June 2008, but Became chairman. He was replaced by Masataka Shimizu.

At the beginning of March 2011, the Japanese Nuclear Regulatory Authority (NISA) Tepco demonstrated significant deficiencies in the inspection and maintenance of its nuclear power plants. At the Fukushima Daiichi nuclear power plant, a total of 33 devices and machines had never been carefully checked for eleven years, including an engine and one of thirteen emergency diesel generators.

Fukushima nuclear disaster

After the Tohoku earthquake and tsunami of 11 March 2011 saw the Fukushima Daiichi Nuclear Power Plant into a sequence of extensive system failures, particularly the electrical power supply, and a lack of cooling of the reactor core and in spent fuel stored spent fuel rods . This series of accidents led to severe damage to several reactors, to three partial core meltdowns and to fires in the decay basins with considerable releases of radioactive substances. The events were classified as “catastrophic accident” (level 7) on the International Nuclear Event Rating Scale . For the first time in the history of Japan , a "nuclear emergency" was declared.

In April 2011, the company decided to cut board members' remuneration in half, as well as reducing the salaries of all managers by 25% and all remaining employees by 20%. On May 20, 2011, President Masataka Shimizu , Vice President Sakae Mutō, Vice President Makio Fujiwara and Director Tomijirō Morita announced their resignation from their posts on June 28th. The previously managing director, Toshio Nishizawa, was named as Shimizu's successor. The chairman Tsunehisa Katsumata , however, remained in office for the time being.

For the 2010 financial year ended March 31, 2011, Tepco had follow-up costs of 885 billion yen (€ 7.5 billion) in the Fukushima Daiichi and Daini nuclear power plants, as well as 136 billion yen (1.2 billion euros) due to the earthquake and tsunami. €) in other facilities damaged by the Tōhoku earthquake. The company had, among other things, an after-tax loss of 1,247 billion yen (€ 10.6 billion), compared to an after-tax profit of 133 billion yen (€ 1.1 billion) in the previous year. Despite increasing sales since 2011, Tepco recorded high losses after taxes due to follow-up costs and provisions, with the two financial years before the disaster as a reference:

Key figures [billion Yen] Fiscal year
2008 2009 2010 2011 2012
sales 5888 5016 5369 5349 5976
Profit loss −85 138 −1247 −782 −685

As of March 31, 2013 (fiscal year 2012), losses of 2.7 trillion yen had been made. In order to ensure the company's business activities in view of its obligations regarding compensation payments and the shutdown of the power plant and to avoid the impending bankruptcy, the company was supported with one trillion yen (9.6 billion euros) in May 2012. In return, the Japanese government took over 50 percent of the voting rights and thus de facto nationalized the company.

Previously, the previous Executive Director Naomi Hirose was appointed as the new President and successor to Toshio Nishizawa. In July 2012, the previous chairman Tsunehisa Katsumata was replaced by Kazuhiko Shimokobe.

By April 2013, Tepco had paid out 2.2 trillion yen in compensation. The total recovery cost for the government-backed rescue fund is estimated at 11 trillion yen.

For the "disregard and violation of human ethics" in connection with the Fukushima catastrophe, the ethecon Foundation Ethics & Economy presented the responsible managers and major shareholders of the group with the international ethecon Black Planet Award 2011.

On October 4, 2017, the Japanese nuclear regulator found that reactors 6 and 7 in the world's largest nuclear power plant, Kashiwazaki-Kariwa, meet the tightened safety requirements following the Fukushima disaster. The governor of the affected Niigata prefecture, as well as parts of the population, has so far refused to restart.

See also

Web links

Commons : Tepco  - collection of pictures, videos and audio files

Individual evidence

  1. ↑ 会 社 概要 . Tepco, June 25, 2010, accessed April 6, 2011 (Japanese).
  2. ^ Tepco Corporate Information, Profile / Leadership. Tepco, June 28, 2011, accessed September 14, 2011 .
  3. ^ Takeo Kikkawa: The Role of Matsunaga Yasuzaemon in the Development of Japan's Electric Power Industry . In: Social Science Japan Journal . Vol. 9, No. 2 , 2006, p. 204-206 , doi : 10.1093 / ssjj / jyl032 .
  4. ↑ Paul Scalise: Whatever Happened to Japan's Energy Deregulation? Research Institute of Economy, Trade and Industry (RIETI), June 24, 2009, accessed May 10, 2011 .
  5. ↑ a b Japan Energy Data, Statistics and Analysis - Oil, Gas, Electricity, Coal. (No longer available online.) In: Country Analysis Briefs. US Energy Information Administration, Department of Energy , September 2010, archived from the original on April 15, 2011 ; accessed on May 10, 2011 . Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. @1@ 2Template: Webachiv / IABot / ei-01.eia.doe.gov
  6. ↑ Hendrik Ternieden: Japan's nuclear giant Tepco Filz, nepotism, Fukushima Spiegel Online, March 31, 2011
  7. ↑ Kyodo News: Gov't warns of power shortage, utility to ration power by region (13 March 2011 13:55 CET). March 13, 2011, archived from the original on March 13, 2011 ; accessed on March 13, 2011 (English).
  8. ↑ III. Electricity supply facilities. (PDF; 915 kB) (No longer available online.) Tepco, March 2010, archived from the original on March 19, 2011 ; accessed on March 17, 2011 (English). Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. @1@ 2Template: Webachiv / IABot / www.tepco.co.jp
  9. ↑ 人事 措置 に つ い て . Tōkyō Denryoku, September 14, 2002, accessed March 13, 2011 (Japanese, press release).
  10. ↑ Heavy fallout from Japan nuclear scandal. In: CNN.com. September 2, 2002, accessed March 13, 2011 .
  11. ↑ Japan: Operator starts up reactor again after scandal. ( Memento of the original from July 15, 2011 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. RP-Online from May 7, 2003 @1@ 2Template: Webachiv / IABot / www.rp-online.de
  12. ↑ Shigeru Sato, James Paton, Yuriy Humber: Tepco Chief Pressured to Quit After Costing Holders $ 29 Billion. In: Bloomberg. March 28, 2011, accessed March 29, 2011 .
  13. ↑ reactor disaster. Fukushima operator sloppy during controls in: Spiegel Online from March 21, 2011
  14. ↑ Fukushima operator botched controls in: Zeit Online from March 21, 2011
  15. ^ INES Ratings on the Events in Fukushima Dai-ichi NPS and Fukushima Dai-ni NPS by the Tohoku Regional Pacific Ocean Offshore Earthquake. (pdf) NISA, April 12, 2011, archived from the original on April 12, 2011 ; accessed on April 12, 2011 .
  16. ↑ Yuji Okada: Tepco to Cut Worker, Board Pay as Much as 50% to Pare Costs. In: Bloomberg. April 25, 2011, accessed September 4, 2013 .
  17. ^ Announcement of Changes of Directors. Tepco, May 20, 2011, archived from the original on May 20, 2011 ; accessed on May 20, 2011 (English).
  18. ↑ Annual Report 2011. Tepco, March 31, 2011, pp. 14, 40–41 , accessed on September 3, 2013 (English).
  19. ↑ Financial Highlights. Tepco, May 1, 2013, accessed September 3, 2013 .
  20. ↑ State has majority in voting rights: Tepco now belongs to Japan ( Memento from May 10, 2012 in the Internet Archive ) at tagesschau.de, May 9, 2012 (accessed May 9, 2012).
  21. ^ Company: New tip at Japan's nuclear operator Tepco at focus.de, May 8, 2012 (accessed on May 9, 2012).
  22. ↑ Tsuyoshi Inajima, Yuji Okada: Tepco minutes reveal staff exodus concerns. In: The Japan Times. June 19, 2013, accessed September 4, 2013 .
  23. ↑ Axel Köhler-Schnura (ethecon): Shareholder feudalism at the TEPCO Group in NRhZ-Online , July 4, 2012
  24. ↑ Video today: Schmähaward for reactor operator Tepco (June 27, 2012)  in the ZDFmediathek , accessed on February 10, 2014. (offline)
  25. ↑ Japan: TEPCO gets two reactors approved orf.at, October 4, 2017, accessed October 4, 2017.

Coordinates: 35 ° 40 ′ 12.9 ″  N , 139 ° 45 ′ 30.5 ″  E