Announcements
News Report Alleging that “a Retail Subsidiary of TEPCO has over ¥25 billion of Debt”
August 29, 2022
Tokyo Electric Power Company Holdings, Inc.
TEPCO Energy Partner, Inc.
Today, a report was published alleging that, “a retail subsidiary of TEPCO has over ¥25 billion of debt.” The financial information mentioned was not released by TEPCO.
It is true that as of the end of June 2022, TEPCO Energy Partner, Inc. had excessive debt (approximately ¥6.7 billion) and we are considering countermeasures including a capital increase for the company, however no detailed plans have been made. As soon as a definitive action plan has been formulated, we will make an announcement.