JAPAN | Shareholders propose Kansai Electric give up nuclear power

Posted on June 12, 2011

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JAPAN | MAINICHI | June 12, 2011

OSAKA (Kyodo) — A group of 124 shareholders of Kansai Electric Power Co. have proposed that the utility give up nuclear power generation in light of the ongoing nuclear crisis at Tokyo Electric Power Co.’s Fukushima No. 1 plant, sources close to the situation said Sunday.

The development comes after Tokyo Electric said Friday that 402 of its shareholders have submitted a request to discuss at the firm’s shareholders meeting on June 28 revising the utility’s articles of incorporation to say that it will give up atomic power generation.

The group of Kansai Electric shareholders also presented a proposal of agenda items to be discussed at the utility’s general shareholders meeting scheduled June 29 in Osaka, but the company’s board of directors are opposed to such a move, the sources said.

The plant in Fukushima Prefecture has been crippled by the March 11 mega earthquake and tsunami.

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Posted in: JAPAN