Tokyo, Feb. 27 (Jiji Press)–Tokyo Electric Power Co. <9501> on Monday reached a compensation settlement with a resident near its Fukushima No. 1 nuclear power station over the disaster-crippled plant’s accident.
The company, known as TEPCO, accepted a settlement proposal presented late last year by a government body to help resolve disputes over nuclear compensation.
The proposal called on TEPCO to pay a higher amount of compensation to the resident of the town of Okuma which hosts the plant than it would do under its own compensation standards.
It was the first time for TEPCO to accept such a proposal, sources familiar with the compensation issue said.
The resident, Ryozo Sato, 72, lived about 5 kilometers from the plant but evacuated to Tokyo after the accident.