TOKYO (Nikkei)–Tokyo Electric Power Co. (9501) said Monday that it will fully compensate for real state in all areas contaminated with radiation if residents are unable to return after five years.
The electric utility, known as Tepco, announced its plan at a nuclear compensation council meeting of government and Tepco officials.
The government in the process of reclassifying evacuation zones in Fukushima Prefecture into three categories based on the levels of contamination. Compensation guidelines it compiled in March say Tepco should pay the full pre-accident value for real estate in the most heavily contaminated area, which is expected to remain uninhabitable for at least five years. But it has not set a policy for the remaining two areas.
Given the five-year threshold used for the heavily contaminated zone, Tepco has decided to apply the same rule for the other areas, promising to wholly compensate those who are not able to return to their homes in five years from now.
Tepco also said its total compensation payments had reached 762.1 billion yen as of Thursday. Payments for those who have been evacuated voluntarily totaled 202.8 billion yen, with 460,000 households receiving compensation.
(The Nikkei, April 24 morning edition)