By Ronnie Harui
Tokyo Electric Power’s shares rose sharply Monday morning after a media report that Japan’s nuclear regulator conducted an inspection of the company’s Kashiwazaki-Kariwa nuclear power plant to determine whether to restart operations there.
Shares were recently 13% higher at 875.9 yen ($6.04). The stock earlier rose as high as Y877.5, the highest intraday level since August 2015, according to FactSet.
On Monday, the Nuclear Regulation Authority carried out an investigation of the Kashiwazaki-Kariwa plant, which was effectively instructed to halt operations owing to problems with antiterrorism measures, the Sankei Shimbun reported Monday.
The inspection aims to confirm the progress of Tepco’s improvements and determine whether to lift the operational ban, the newspaper said.
Write to Ronnie Harui at [email protected]
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