Wednesday, July 18, 2007

Tokyo Electric Shares Fall as Nuclear Plant May Be Shut a Year After Quake

(Bloomberg) -- Shares of Tokyo Electric Power Co.
had their biggest drop in seven years on concern the company's
nuclear facility in central Japan, the world's biggest, may be
shut for a year after an earthquake caused radioactive leaks.

The stock slumped as much as 7.5 percent, the biggest
intraday decline since Feb. 18, 2000, after the Nikkei said the
shutdown will be prolonged by checks to ensure the plant will
resist future earthquakes. The company was the second-biggest
decliner on the Morgan Stanley Capital International World Index.


Read more at Bloomberg Energy News

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