TEPCO to Cut 3.1-T.-Yen Costs over 10 Yrs under New Biz Plan

TEPCO to Cut 3.1-T.-Yen Costs over 10 Yrs under New Biz Plan
Tokyo, Jan. 26 (Jiji Press)--The Japanese government Monday approved Tokyo Electric Power Company Holdings Inc.'s new business turnaround plan, including cuts of 3.1 trillion yen in costs over the decade from fiscal 2025. TEPCO said the cost cuts will be achieved through business streamlining, reduced investment and asset sales. It plans to sell about 200 billion yen in assets, mainly shares...