Tokyo Electric Power Company Holdings, Incorporated · TSE:9501
Tokyo Electric Power — Investor Presentation (February 2003)
12 slides from Tokyo Electric Power's investor presentation, Feb 7, 2003
Slide 1: Current Situation of TEPCO's Nuclear Power Plants
Current Situation of TEPCO’s Nuclear Power Plants February 7,2003 Tokyo Electric Power Company Katsutoshi Chikudate Managing Director
Slide 2: Contents
Contents Contents • Events Leading to the Shutdown of Nuclear Power Plants 3 • Current Situation of Nuclear Power Plants 4 • Approach to Restart Operations 5 • Our Approach to Restore Public Trust and Prevent a Recurrence (1) 6 • Our Approach to Restore Public Trust and Prevent a Recurrence (2) 7 •
Slide 3: Events Leading to the Shutdown of Nuclear Power Plants
Events EventsLeading Leadingto tothe theShutdown Shutdownof ofNuclear NuclearPower PowerPlants Plants ü Concealment of cracks and the falsification of inspection and maintenance records at nuclear power plants (late 1980s and early 1990s) • Pointed out by General Electric, TEPCO announced on August
Slide 4: Current Situation of Nuclear Power Plants
Current Current Situation Situation of of Nuclear Nuclear Power Power Plants Plants Unit Output Initiation date of Planned date of Shutdown date for No. (10MW) scheduled shutdown for next periodical inspection concerning inspection inspection leak test on the primary containment vessel No.1 460 Nove
Slide 5: Approach to Restart Operations
Approach Approach to to Restart Restart Operations Operations Preventive Measures to Comprehensive Inspection Confirming and Ensuring eliminate recurrences to Confirm Plant Safety Appropriateness <TEPCO> of Self-imposed Inspection <TEPCO> • Decisive implementation of four measures to prevent a recur
Slide 6: Our Approach to Restore Public Trust and Prevent a Recurrence (1)
Our OurApproach Approachto toRestore RestorePublic PublicTrust Trustand andPrevent PreventaaRecurrence Recurrence(1) (1) ØPreventive Measures • Four public assurances in order to prevent a recurrence. • Creating “a system that will never allow workers to engage in dishonest practice” and “a climate
Slide 7: Our Approach to Restore Public Trust and Prevent a Recurrence (2)
Our OurApproach Approachto toRestore RestorePublic PublicTrust Trustand andPrevent PreventaaRecurrence Recurrence(2) (2) 2. To create an environment for conducting appropriate business activities • Establishing a contact point for consultation on compliance with laws and corporate ethics (October 20
Slide 8: Preventive Measures by the Government
Preventive PreventiveMeasures Measuresby bythe theGovernment Government ü Revision of the Electricity Utilities Industry Law and the Law for the Regulations of Nuclear Source Material, Nuclear Fuel Material and Reactors (promulgated: December 18,2002) • Clear legal definitions will be given to self-
Slide 9: State of Comprehensive Checks on the Appropriateness of the Self-imposed Inspections
State Stateof ofComprehensive ComprehensiveChecks Checkson onthe theAppropriateness Appropriatenessof ofthe theSelf- Self- imposed imposedInspections Inspections August 29,2002 TEPCO submitted a report, “Investigation into Inspection and Maintenance Problems at TEPCO’s Nuclear Power Plants, pointed
Slide 10: Progress of Inspections and Maintenance
Progress Progress of of Inspections Inspections and and Maintenance Maintenance Plant name Unit Shroud Jet pump Recycling pipes CRD pipes No (Wedge etc.) (PLR pipes) Fukushima 1 Replacement completed Replacement completed Replacement completed Inspection underway No.1 2 Replacement completed Replace
Slide 11: Evaluating Appropriateness and Safety of Inspection and Maintenance Methods
Evaluating EvaluatingAppropriateness Appropriatenessand andSafety Safetyof ofInspection Inspectionand and Maintenance Maintenance Methods Methods üSubcommittee on soundness assessment of nuclear power facilities • Evaluating the soundness, including the suitability of technical standards, is ordinar
Slide 12: Forecast Effect of Nuclear Power Issues on Revenue and Expenditure
Forecast ForecastEffect Effectof ofNuclear NuclearPower PowerIssues Issueson onRevenue Revenueand andExpenditure Expenditure <As announced at time of interim results> Forecast effect of nuclear power issues on FY2002 costs = ¥140 billion (approx.) <Details> üImpact on fuel costs, etc. Approx. ¥130 b
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