Tokyo Electric Power Co. said Wednesday that it has revised its projected capital outlay for fiscal 2000 downward to 1.08 trillion yen, 17 percent less than its initial projection made last year.
The projected capital outlay for the 12-month period starting April 1 is still up 4.6 percent from Tepco's capital spending for the current fiscal year, which ends March 31.
The company said it plans to hold down its average capital spending over the next three years from fiscal 2000 to less than 1.1 trillion yen per year.
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