Chubu Electric Power

Chubu Electric Power Co., Inc.
Native name
 中部電力株式会社
Public KK
Traded as TYO: 9502
OSE: 9502
NSE: 9502
Industry Electric utility
Founded May 1, 1951
Headquarters Higashi-ku, Nagoya, Japan
Key people
 Fumio Kawaguchi (Chairman)
Toshio Mita (President)
Products Natural gas production, sale and distribution, electricity generation and distribution, hydroelectricity, wind power, energy trading
Revenue Steady ¥2,330,891 million (FY 2010)
Decrease ¥174,237 million (FY 2010)
Decrease ¥84,598 million (FY 2010)
Total assets Increase ¥5,331,966 million (FY 2010)
Total equity Increase ¥1,698,382 million (FY 2010)
Number of employees
 16,940 (March 2011)
Website www.chuden.co.jp/english
Chubu Electric Power headquarters in Nagoya

Chubu Electric Power Co., Inc. (中部電力株式会社 Chūbu Denryoku Kabushiki Kaisha), abbreviated as Chuden in Japanese, is a Japanese electric utilities provider for the middle Chūbu region of the Honshu island of Japan. It provides electricity at 60 Hz, though an area of Nagano Prefecture uses 50 Hz. Chubu Electric Power ranks third among Japan’s largest electric utilities in terms of power generation capacity, electric energy sold, and annual revenue. It is also one of Nagoya's "four influential companies" along with Meitetsu, Matsuzakaya, and Toho Gas. Recently, the company has also expanded into the business of optical fibers. On January 1, 2006 a new company, Chubu Telecommunications, was formed.

Recent news

In May 2011, Prime Minister Naoto Kan requested that the Hamaoka Nuclear Power Plant, which sits in an area considered overdue for a large earthquake, be shut down, after which Chubu Electric Power suspended operations at the plant. A lawsuit seeking the decommissioning of the reactors at the Hamaoka plant permanently has been filed.[1]

In August 2013, Chubu announced it would acquire an 80% stake in the Tokyo-based electricity supplier, Diamond Corp, marking the firm’s entry into a market usually associated with Tokyo Electric Power Company.[2]

Power Stations

The company has 194 separate generating stations with a total capacity of 32,473 MW.

Hydroelectric

Kamiōsu Dam

The company has 182 separate hydro generating stations with a total capacity of 5,217 MW.

Thermal power stations

The company has 11 separate thermal power stations with a total capacity of 22,369 MW.

Nuclear power stations

On 6 May 2011, Prime Minister Naoto Kan requested the Hamaoka Nuclear Power Plant be shut down as an earthquake of magnitude 8.0 or higher is estimated 87% likely to hit the area within the next 30 years.[3][4][5] Kan wanted to avoid a possible repeat of the Fukushima I nuclear accidents.[6] On 9 May 2011, Chubu Electric decided to comply with the government request. In July 2011, a mayor in Shizuoka Prefecture and a group of residents filed a lawsuit seeking the decommissioning of the reactors at the Hamaoka nuclear power plant permanently.[7]

Other facilities

References

  1. ↑ "Suit seeks to shut Hamaoka reactors for good". The Japan Times. July 1, 2011.
  2. ↑ Kentaro Hamada (6 August 2013). "Chubu Electric to buy Tokyo power supplier, moves into Tepco's turf". Reuters.
  3. ↑ Story at BBC News, 2011-05-06. retrieved 2011-05-08
  4. ↑ Story at Digital Journal. retrieved 2011-05-07
  5. ↑ Story at Bloomberg, 2011-05-07. retrieved 2011-05-08
  6. ↑ "Japan nuke plant suspends work". Herald Sun. May 15, 2011.
  7. ↑ "Suit seeks to shut Hamaoka reactors for good". The Japan Times. July 1, 2011.

External links

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