The government launched a panel Thursday to streamline the operations of beleaguered Tokyo Electric Power Co. and evaluate its financial assets as it prepares to pay massive compensation for the crisis at the Fukushima No. 1 nuclear plant.
Tepco has already announced plans to sell assets, including real estate and securities, worth about ¥600 billion, except for those necessary for its power business, and cut operating costs by about ¥500 billion.
The panel will review its plans and possibly its corporate pension situation as well.