TEPCO announces company restructuring

Tokyo Electric Power Co. restructures company nuclear decommissioning trasmission and decommissioning fuel thermal

Tokyo Electric Power Co. (TEPCO) said it is restructuring the company April 1, 2016.

The company will be structured under a holding company to be known as Tokyo Electric Power Company Holdings (TEPCO Holdings). Its nuclear and decommissioning operations will remain under a new holding company, while its fuel and thermal generation operations will form a subsidiary called TEPCO Fuel and Power Inc. The transmission and distribution (T&D) business will become TEPCO Power Grid Inc., and its electricity retail operations become TEPCO Energy Partner Inc. In 2014, TEPCO was split into two main sections: A power generation business and a nuclear decommissioning unit dedicated to the Fukushima Daiichi nuclear site.

TEPCO said in a release that the power market is “undergoing a major period of change.” The demand for electric power decreases due to energy conservation and savings, and deregulation of the electricity retail market is scheduled for April 2016 and legal separation of the T&D sector is scheduled for 2020.

Subscribe to Nuclear Power International magazine

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...