Utility soon pay around plant - Wall Street Journal

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See a sample reprint in PDF format.Order a reprint of this article nowASIA BUSINESSAPRIL 16, 2011Utility to Soon Pay Those Near Plant ArticleInteractive GraphicsStock QuotesCommentsmore in Asia ?BY ANDREW MONAHAN AND MARI IWATA

TOKYO—Pushed by a government facing mounting public criticism, Tokyo Electric Power Co. said Friday it aims to start compensating residents of the area around its stricken Fukushima Daiichi nuclear power plant next week, though the ultimate scale and funding for total payments remains uncertain.

Company President Masataka Shimizu said Friday that about 50,000 households within a 30-kilometer radius of the facility will be eligible for initial payments of up to ￥1 million ($12,000), totaling around ￥50 billion.

But echoing government officials, Mr. Shimizu said he couldn't speculate on the ultimate value of a final compensation plan for residents forced to ...

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