Recently the NHK News reported the following:
Since there was an increase in the need for the fuel for use in the thermal power plant and in the need for the expense to process the settlement of the accident at the number one nuclear power plant of Fukushima, the Tokyo Electric Power announced that there was a prospect that the final profit and loss account ending March next year would be in red for 600 billion yen.
According to the announcement, for the period ending March next year the Tokyo Electric Power, due to the power saving measures accompanying with electric power shortage, the volume of electric power sold became about 9% less compared to that of last year, and the amount of sales was also likely to fall by 1%. Furthermore, the final profit and loss was expected to add on the expense in connection with the processing of the accident of the number one nuclear power plant of Fukushima, and also from the sharply increased fuel cost of the thermal power plant that had been put into use due to the stoppage of the nuclear power plant. It was expected that the final profit and loss figure would record a loss of 600 billion yen. The loss was the calculation due to the nuclear power plant accident processing, it became the greatest ever in red and from March this year for two consecutive terms it was at a loss. Moreover, while the Tokyo Electric Power's compensation expense was a slightly over 1 trillion yen at present regarding nuclear power plant disaster, the total amount would be paid out, because it would be provided by a donation of 900 billion yen public fund from the nuclear damage compensatory support mechanism etc. Although the Tokyo Electric Power would likely avoid liabilities exceeding assets on March 31 next year at the fiscal year closure, it was expected that the management would become more severe because of this. Regarding the expectation to go into a huge red, the Tokyo Electric Power President Toshio Nishizawa at a press conference said that "if there is no support from the nuclear damage compensatory support mechanism, honestly it is certain that the management would fall into a severe situation. From now on, we have to advance rationalization thoroughly for corporate restructuring."
The Tokyo Electric Power is paying out a huge amount of money in order to deal with the consequence of the disaster.