Tokyo Electric Power Company Holdings, Incorporated (OTC:TKECY, TKECF, TYO:9501, OSE:9501, NSE:9501) was founded in 1883 (Tokyo Electric Power), formerly known as Tokyo Electric Power Company Holdings, Incorporated Tokyo Electric Power Company, Incorporated, was changed to its current name in April 2016. Headquartered in Tokyo, Japan, it has 42,060 full-time employees. It is a subsidiary of Nuclear Damage Compensation and Decommissioning Facilitation Corporation. It is engaged in power generation, transmission, and transmission in Japan and internationally. Distribution and electricity retail business.
Tokyo Electric Power Company (TKECY):
Tokyo Electric Power Company Holdings, Inc., abbreviated as Tokyo Electric Power, Tokyo Electric Power HD, TEPCO or TEPCO, is a Japanese electric power company that serves 1 metropolis and 7 counties in the Kanto region and eastern Shizuoka Prefecture. Established in 1951, the original name was Tokyo Electric Power Co., Ltd. (Tokyo Electric Power Co., Ltd.). On April 1, 2016, it was transformed and changed to its current name in response to the implementation of power liberalization in Japan.
TEPCO’s power plants are mainly thermal power generation, supplemented by hydropower and renewable energy; in addition, it also has two nuclear power plants, but they all ceased operation after the 2011 Great East Japan Earthquake. According to “Fortune” magazine, it was the highest-paid power company in Japan (50 billion US dollars in 2005) and ranked 193 in the Fortune Global 500 in 2017. The Fukushima Daiichi Nuclear Power Plant, which was decommissioned due to a serious accident during the Great East Japan Earthquake, is owned by TEPCO.
As of December 31, 2017 , Dongdian Power Grid included 40,000 kilometers of transmission lines. The company also operates 1,572 substations. In addition, it participates in the natural gas sales business. In addition, it also provides consulting services for power facilities.
Tokyo Electric Power Company (TKECY) subsidiary:
- TEPCO Power Grid: TEPCO PG for short, responsible for power transmission and distribution.
- TEPCO Energy Partner (Tokyo Electric Power Energy Partner Co., Ltd.): referred to as TEPCO EP, responsible for the sales of electricity business, and into household gas supply.
- TEPCO Fuel & Power: TEPCO FP for short, responsible for thermal power generation and fuel dispatch.
- Tokyo Electric Generation Company: Generate electricity and wholesale electricity.
- Tokyo Electric Power Services Co. Ltd (TEPSCO)
Tokyo Electric Power Company (TKECY) History:
Tokyo Electric Power was established in 1951, and its predecessor “Tokyo Electric” was founded in 1883.
In April 2003, after the discovery of false safety documents, the Japanese government ordered Tokyo Electric Power to shut down all nuclear reactors for safety inspections. The scandal that broke out soon led to the resignation of the company’s top executives, and the national policy was forced to reduce. Slow progress on the nuclear fuel cycle.
On January 31, 2007, TEPCO admitted in its investigation report submitted to the Ministry of Economy, Trade and Industry that, since 1977, the total number of reactors at the Fukushima Daiichi Nuclear Power Plant, Fukushima Second Nuclear Power Plant and Kashiwazaki Kariya Nuclear Power Plant has been In 199 regular inspections, data was tampered with to conceal security risks.
After the accident at the Fukushima Daiichi Nuclear Power Plant, TEPCO accepted funding from the newly established Nuclear Power Damage Compensation Agency (Atomic Power Damage Compensation Agency). In 2012, after Tokyo Electric Power issued special shares, the Nuclear Energy Damage Compensation Agency became the largest shareholder with more than half of the voting rights. In 2014, this organization was renamed “Nuclear Energy Damage Compensation, Waste Furnace, etc. Support Organization” (Nuclear Energy Damage Compensation, Abolished Furnace, etc. Support Organization). Since this institution is funded by the Japanese government, after owning more than half of the equity, Tokyo Electric Power is actually equivalent to a state-owned enterprise.
On April 22, 2016, Tokyo Electric Power and Chubu Electric Power Co., Ltd. jointly established “JERA Corporation” to merge their thermal power generation fuel business and liquefied natural gas (LNG) procurement and overseas power generation business.