TEPCO: Financial Assistance from the Nuclear Damage Compensation and Decommissioning Facilitation Corporation

Tokyo Electric Power Company Holdings, Inc. received a funding grant of 19.5 billion yen from the Nuclear Damage Compensation and Decommissioning Facilitation Corporation. TEPCO is determined to continue to pay compensation with courtesy and compassion to those who have been afflicted by the nuclear damage.

Original Press Release:

May 24 -- Tokyo Electric Power Company Holdings, Inc. issued the following news release:

On May 24, we received a funding grant of 19.5 billion yen from the Nuclear Damage Compensation and Decommissioning Facilitation Corporation (hereinafter referred to as NDF) based on the revision of the Special Business Plan which was approved on April 26, 2023.

This financial assistance was given in response to the 136th request we made in order to cover the compensation payouts due by the end of June 2023. The amount of the payouts to be paid by that time had been estimated to exceed the sum of the compensation we had received in accordance with the "Act on Contract for Indemnification of Nuclear Damage Compensation" (188.9 billion yen) and the financial assistance that the NDF has provided (10,813.2 billion yen).

With financial assistance from the NDF, we are determined to continue to pay the compensation with courtesy and compassion to all of those who have been afflicted by the nuclear damage.

For records of TEPCO's compensation applications and payouts (cumulative payouts and total amounts paid, by category), please see here(https://www.tepco.co.jp/en/hd/responsibility/revitalization/pdf/comp_result-e.pdf).

Source: Tokyo Electric Power Company Holdings, Inc.

[Category: Power, Funding Activities]