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(Update) TEPCO Files for 29 Pct Electricity Rate Hike

(Update) TEPCO Files for 29 Pct Electricity Rate Hike

   Tokyo, Jan. 23 (Jiji Press)--Tokyo Electric Power Company Holdings Inc. <9501> on Monday applied for government approval of a plan to raise its regulated electricity rates for households by 29.31 pct on average.
   The company submitted the application to the industry ministry, aiming to start the new rates in June to improve its business performance, hurt by soaring fuel prices worsened by Russia's invasion of Ukraine as well as the yen's weakening.

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AFP-JIJI PRESS NEWS JOURNAL


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