BREAKING: Japan TEPCO utility gets $12.8 billion Fukushima bailout

SNIP:
“The Japanese operator of the nuclear power plant devastated in last year’s disasters received a 1 trillion yen ($12.8 billion) bailout Tuesday, putting it under government ownership.”

SNIP:
“A series of investigation reports, including one released earlier this month by a government-appointed panel, criticized cozy relationships among the government, regulators and TEPCO. The reports also blamed TEPCO for underestimating the tsunami risk faced by the Fukushima Dai-ichi plant despite a history of quakes in the [...]