The Japanese government has announced that power utility Tokyo Electric Power Co. (TEPCO) could remain nationalised longer than initially planned and that the government would progressively reduce its involvement in the management as of April 2017; it currently holds 50.1% of the voting rights through the state-owned Nuclear Damage Compensation and Decommissioning Facilitation Corp.
The Ministry of Economy, Trade and Industry (METI) is also considering an alternative solution, splitting TEPCO into "business operations" (power generation and retail sales) and "Fukushima operations" (decommissioning operations and compensation payment); the latter would remain under public control.
TEPCO could partner with neighbouring power utilities on power distribution, to reduce procurement costs and improve the maintenance of power transmission lines. The company has already sought a partner in thermal power and fuel operations with Chubu Electric. Similar partnerships could be concluded in power distribution and nuclear power.
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