Tokyo Electric Power
 |
|
| Public KK | |
| Traded as | : OSE: 9501 : 9501 |
| Industry | Electric utility |
| Predecessor | The Tokyo Electric Light Company, Inc. (founded in 1883) |
| Founded | Tokyo, Japan (May 1, 1951) |
| Headquarters | Chiyoda, Tokyo, Japan |
|
Area served
|
Tokyo, Kanagawa, Saitama, Chiba, , Gunma, Ibaraki, Yamanashi, and east Shizuoka |
|
Key people
|
Fumio Sudo (Chairman) Naomi Hirose (President) |
| Services | Electric generation, transmission, and distribution |
| Revenue |
 ¥6,802.5 billion (2015) |
|
¥316.5 billion (2015) |
|
|
¥451.6 billion (2015) |
|
| Total assets |
 ¥14,212.7 billion (2015) |
| Total equity |
¥2,073 billion (2015) |
| Owner |
|
|
Number of employees
|
38,671 (2010) |
| Website | www |
Tokyo Electric Power Company, Inc. (東京電力株式会社 Tōkyō Denryoku Kabushiki-gaisha?, : ), also known as Toden (東電 Tōden?) or TEPCO, is a Japanese electric utility servicing Japan's Kantō region, Yamanashi Prefecture, and the eastern portion of Shizuoka Prefecture. This area includes Tokyo. Its headquarters are located in Uchisaiwaicho, Chiyoda, Tokyo, and international branch offices exist in Washington, D.C., and London. It is a founding member of strategic consortiums related to energy innovation and research; such as JINED,INCJ and MAI.
In 2007, TEPCO was forced to shut the Kashiwazaki-Kariwa Nuclear Power Plant after the Niigata-Chuetsu-Oki Earthquake. That year it posted its first loss in 28 years. Corporate losses continued until the plant reopened in 2009. Following the March 2011 Tōhoku earthquake and tsunami, its power plant at Fukushima Daiichi was the site of one of the world's most serious continuing nuclear disaster. TEPCO could face ¥2 trillion ($23.6 billion) in special losses in the current business year to March 2012, and the Japanese government plans to put TEPCO under effective state control to guarantee compensation payments to the people affected by the accident. The Fukushima disaster displaced 50,000 households in the evacuation zone because of leaks of radioactive materials into the air, soil and sea.
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