TEPCO to pay 88 bil. yen in compensation to nuclear crisis evacuees
From Kyodo News:
Tokyo Electric Power Co. said Wednesday it expects to pay 88 billion yen ($109 Billion USD) in compensation to around 150,000 nuclear crisis evacuees for their mental distress.
The compensation from the operator of the troubled Fukushima Daiichi nuclear power plant will cover the period between March 11, when the quake-tsunami disaster crippled the complex, and mid-January, the target date for TEPCO to achieve a cold shutdown of the damaged reactors.
TEPCO's estimate was revealed after a government panel presented guidelines forcompensation payments, under which evacuees in temporary housing or apartments will receive 100,000 yen per month ($1242.70 USD) for six monthsfrom March and those staying in shelters will receive 120,000 yen a month ($ 1491.24 USD).
The utility will include the 88 billion yen as an extraordinary loss in its April-June consolidated financial results.
Six months into the crisis, the payments will be uniformly cut to 50,000 yen per month. ($ 621.35 USD)A compensation plan covering payments a year after the crisis will be decided once the situation at the Fukushima plant is brought under control.
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