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Beleaguered Tepco on the offensive to pay for Fukushima cleanup

Fumio Sudo

TOKYO -- Tokyo Electric Power will go all-out to claim a share of the electricity retail market and use the revenue to cover snowballing expenses from the Fukushima Daiichi nuclear disaster, Chairman Fumio Sudo said in an interview Thursday with The Nikkei.

     Tepco Customer Service, a wholly owned subsidiary of the utility, registered Thursday as an independent power provider. It will sell electricity to businesses in the greater Osaka and Nagoya regions, setting its rates several percentage points lower than those of the areas' regional utilities. This would mark Tepco's first foray into markets outside its service area.

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