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First Posted: 11/7/2012 (AP) The Japanese operator of the nuclear power plant devastated in last year's disasters is seeking more government financial support, saying the cost of the cleanup may be double its original estimate of 5 trillion yen ($62.5 billion).
Tokyo Electric Power Co. made the appeal in a management action plan it presented Wednesday.
TEPCO received a 1 trillion yen bailout and was put under government ownership. It has raised electricity rates to help cover the costs it faces due to the accident at the Fukushima Dai-Ichi plant in northeastern Japan, the worst nuclear crisis since the 1986 Chernobyl disaster.
Company executives outlined plans to cut costs and make TEPCO more competitive, but said the company could not manage the huge costs of decommissioning the plant and cleaning up radioactive contamination.
<a title=Associated Press href=http://www.ap.org class=url org fn>Associated Press</a>

Japan utility seeks more funds for nuclear crisis