Current Exchange Rate, JPY 1 = 0.0123 USD
NEW YORK - Tokyo Electric popularly known as Tepco, has again had its stock halted at the opening of Japanese trading. This comes as news reports state the government is considering temporary nationalization of the utility giant. The government may hold the utility maker liable for the disaster meaning shares would be delisted.
The unkown potential liability from the Fukushima Daiichi nuclear power plant accident, which occured after an earthquake on March 11 has put pressures on the company's going concern.
Radiation levels have been found to be 100,000 times above normal levels in some areas, as Tepco's future remains between Fukushima and the Government of Japan.
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