Press Releases 2016

With the introduction of a license system, Fuel and Thermal Power, Power Grid and Retail Electricity businesses will be split into separate companies as 100% subsidiaries.

Power Grid and Retail Electricity businesses applied for approvals under the electric utility business law for a company split on March 4 and we received approval from the Economy, Trade and Industry Ministry today. TEPCO will transition to a holding company on April 1.

After the transition, TEPCO Holdings, Incorporated in addition to fulfilling responsibilities for compensation, decommissioning, decontamination, and revitalization of Fukushima, will also conduct strategic business planning and optimal allocation of management resources for the entire group and strive for effective business management and strengthening competitiveness.

The Fuel and Thermal Power section as TEPCO Fuel & Power, Incorporated will fundamentally review its business structure and the entire supply chain from fuel upstream to power generation as we strive to transform into an energy company that can compete dynamically on the world stage.
General Transmission and Distribution section as TEPCO Power Grid, Incorporated while securing a reliable power supply source, as well as realizing the most economical grid costs, improving the neutrality and fairness of business operations and convenience of the power transmission and distribution network and working toward the most efficient operations.
Retail Electricity section as TEPCO Energy Partner, Incorporated centering on efficient energy-saving products and services, one-stop electricity and gas service from a customer’s perspective using alliances with other companies to provide and supply the nation’s customers.

Through the restructuring of these business operations, TEPCO will establish a revenue base for sustainable growth. The entire TEPCO group will fulfill its responsibilities to the Fukushima nuclear accident as well as aim to be a company that provides new value to consumers by challenging the competition, and create resources for the revitalization of Fukushima while striving to improve the corporate value of the entire group.