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Japan utility behind nuke crisis faces investors

Published on NewsOK Modified: June 26, 2013 at 9:48 am •  Published: June 26, 2013

Although some in the crowd shouted at and heckled the executives, the stadium was also packed with investors allied with TEPCO. Security guards were everywhere, and one excited anti-nuclear shareholder got his microphone turned off and was told to sit down.

TEPCO officials repeatedly bowed and apologized for the "troubles and worries" the disaster had caused. But they acknowledged they did not know when the leaking radioactive water would end because water was crucial to keep melted fuel cool and it was a technological challenge to find exactly where the leaks were.

They also said the company would likely be dependent on government aid for a long time because of the challenges of decommissioning the reactors and decontaminating radiated land around the plant.

"We want to become a dynamic private sector company through reforms," TEPCO President Naomi Hirose told shareholders.

Some were not satisfied with the answers.

"You all shouldn't be sitting on a stage but should be at the unemployment office or wandering around some park," said one shareholder who identified himself by his surname Fujii.

Mariko Asada, who owns 100 shares, said she had to evacuate her Fukushima farm, where she had been growing her own food.

"TEPCO should just shut down," she told The Associated Press. "If we have another Fukushima, Japan will not survive."


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