Tag Archives: Japan nuclear compensation bill

TEPCO to keep paying as Japan nuclear compensation bill passes

A lower house committee of Japans parliament on Tuesday passed a bill to help Tokyo Electric Power pay billions of dollars in compensation to those hurt by the Fukushima nuclear disaster, ensuring a law will soon be in place to guarantee the utilitys survival and get aid to victims.The bill, now set for passage in a lower house plenary session as early as this week and to go into law soon thereafter, will establish a fund backed by taxpayer money and contributions from other utilities to handle compensation, which analysts have estimated could cost up to $130 billion.But the bill, a product of more than a month of wrangling between ruling party and opposition lawmakers following the initial announcement of a draft in May, leaves several key issues unresolved.

Read the rest of the story: Japan nuclear compensation bill passes key hurdle.