Tokyo Electric Power Co. (TKECF)

[idkmybffjill]

And the other side of the coin...

Nuclear Stock Rally in Japan Ignores Public Opposition

“Just because politicians say they want to restart reactors doesn’t mean they will actually be able to do it,” said Ayako Sera, a market strategist at Sumitomo Mitsui Trust Bank Ltd. in Tokyo, which has about $400 billion in assets. “It’ll be hard to maintain these stock gains,” she said.

Any plans to restart reactors will need approval from the Nuclear Regulation Authority, which is investigating six atomic plants on concern they were built on active fault lines. Japanese law states reactors cannot be built on active faults, indicating the plants may need to be decommissioned.

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The likelihood of backpedaling in central Europe is even slimmer than in Japan, “for the simple reason that Japan’s energy crunch without nuclear is far greater than in countries like Germany or Switzerland,” said Mark Hibbs, senior associate at the Carnegie Endowment nuclear policy program in Berlin.

The LDP, led by former Prime Minister Shinzo Abe, took 294 seats in Japan’s 480-member lower house of parliament, public broadcaster NHK said yesterday. The party governed for all but 10 months since 1955 and oversaw Japan’s development of atomic energy. It was ousted in 2009, two years before an earthquake and tsunami crippled the Fukushima Dai-Ichi nuclear plant, releasing radiation and forcing evacuation of 160,000 people.

http://www.bloomberg.com/news/2012-12-17/tepco-leads-power-utilities-rally-as-abe-seen-restarting-nuclear.html