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Business

Tepco and neighboring utilities to pool spare power capacity

Deal would help dampen supply flux from renewables in Japan

TOKYO -- Tokyo Electric Power Co. Holdings and three other Japanese utilities plan to grant access to each other's backup power reserves to better handle dips in renewable energy output and other non-emergency situations.

Tepco has agreed on an outline of the arrangement with Kansai Electric Power, Chubu Electric Power and Hokuriku Electric Power. An announcement is expected at the start of next year, with the partners aiming to put the framework into place by fiscal 2020.

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