TEPCO: Final deficit of 781.6 billion yen Due to the nuclear power plant accident and increased fuel costs

May 14, 2012, Tokyo, Japan - Outgoing and incoming presidents of financially troubled Tokyo Electric Power Co., take a deep bow at the end of a news conference at its head office in Tokyo, reporting a bigger-than-anticipated annual loss on Monday, May 14, 2012. The operator of the crippled Fukushima Daiichi nuclear plant said its 781-billion-yen net loss came in a year in which it was hit with massive costs to deal with reactor meltdowns, as well as increased imports of fossil fuels to make up for a nuclear power shortfall. Revenue was 5.35 trillion yen, down from 5.37 trillion yen a year earlier. Naomi Hirose, who will replace Toshio Nishizawa, said warned that "unexpected situations" this summer could make its already shaky energy supply even tougher as Japan's atomic reactors remain offline. (Photo by Natsuki Sakai/AFLO) AYF -mis-