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Monday, 9 May 2011 - Japan may close nuclear plant, tiny radiation leak at another |
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    Edition: U.S. Article Comments (0) Follow Reuters Facebook Twitter RSS YouTube Read Obama pays tribute to unit in bin Laden raid | 06 May 2011 U.S. gas prices hit $4 a gallon, but may retreat 08 May 2011 Bin Laden's widow says they lived in Pakistani house for 5 years 06 May 2011 River flooding begins to "wrap arms" around Memphis | 07 May 2011 Bin Laden had support network in Pakistan: Obama | 08 May 2011 Discussed 151 Concerns raised over shooting of unarmed bin Laden, burial 141 Obama at U.S. base to pay tribute to bin Laden mission 104 Boehner demands trillion-dollar cuts in debt deal Watched US releases video of bin Laden from compound Sat, May 7 2011 Bin Laden on tape Sat, May 7 2011 After bin Laden Obama focuses on economy Sat, May 7 2011 Japan may close nuclear plant, tiny radiation leak at another Tweet Share this By Chikako Mogi TOKYO (Reuters) - Japan on Monday announced a tiny radiation leak at a nuclear reactor on its west coast, while another power company is expected to close a nuclear plant in central Japan due to its vulnerability to a major... Email Print Related News Japan "committed to nuclear power" despite shutdown Sun, May 8 2011 Japan anti-nuclear protesters rally after PM call to close plant Sat, May 7 2011 Japan PM calls for halt of Hamaoka nuclear plant Fri, May 6 2011 Special report: In China the big nuclear question is "how soon"? Tue, May 3 2011 Alabama nuclear plant shuts safely after tornadoes Thu, Apr 28 2011 Analysis & Opinion Dollar debasing and other short stories The tiny cat-bond market Related Topics World » Japan » Nuclear Power » Stocks     Japan Atomic Power Co.'s Tsuruga Nuclear Power Plant No.2 reactor is seen in Tsuruga, Fukui Prefecture, in this March 14, 2010 file photo taken by Kyodo. Electricity wholesaler Japan Atomic Power said on Monday that gas containing a minute amount of radiation had leaked from its Tsuruga nuclear plant in western Japan on May 8, 2011, but said there was no impact on the environment. The 1,160-megawatt No. 2 reactor was shut on Saturday for an unplanned inspection after the company found a technical problem last week. Japan Atomic said that it has stopped the leak and that it is investigating the cause. Mandatory credit Credit: Reuters/Kyodo/Files By Chikako Mogi TOKYO | Mon May 9, 2011 3:19am EDT TOKYO (Reuters) - Japan on Monday announced a tiny radiation leak at a nuclear reactor on its west coast, while another power company is expected to close a nuclear plant in central Japan due to its vulnerability to a major quake. Electricity wholesaler Japan Atomic Power said it had stopped the leak after a minute amount of radiation was found in gas that escaped from the Tsuruga nuclear plant on Sunday. It said there had been no impact on the environment. Japan Atomic said it was investigating the cause of the leak, which is bound to increase public unease over the troubled nuclear industry in the wake of the massive earthquake and tsunami that crippled the Fukushima nuclear facility in March. Japanese media reports said the country's third biggest electricity producer, Chubu Electric Power Co, was expected later in the day to decide to temporarily shut one of its nuclear plants on the coast of central Japan until it can build a tsunami wall and take other steps to improve safety. That could take two years, raising the risk of a shortage of electricity after the Fukushima nuclear plant was hit by the March 11 earthquake and tsunami in the northeast. Prime Minister Naoto Kan has urged Chubu to close the Hamaoka plant, about 200 km (120 miles) southwest of Tokyo, signaling a potential shift in energy policy following the worst nuclear crisis in 25 years. Chubu Electric Power Co shares tumbled as much as 14 percent on the request. Chubu was due to hold a board meeting at 0630 GMT at which it was expected to make a final decision to close the plant, Japanese media said. A board meeting on Saturday had failed to reach a consensus, reflecting worries over whether the company would be able to get alternative supplies of energy as well as cope with a sharp jump in its fuel costs. The amount of radiation at Tsuruga was estimated at about one-four hundred thousandth of the annual legal limit, a Japan Atomic spokesman said, and there were no changes in readings from radiation monitoring devices placed around the plant. The government is under pressure to review its energy policy, of which atomic power is a major part, after the March 11 quake and tsunami wrecked the Fukushima nuclear power plant run by Tokyo Electric Power. Nearly 26,000 people were killed or are unaccounted for following the natural disaster which triggered the world's biggest nuclear crisis since Chernobyl in 1986. The plant is still leaking radiation. Government experts put the chance of a magnitude 8.0 quake hitting the Hamaoka area in the next 30 years at 87 percent, which has raised questions over why it was built there in the first place. Shares of Chubu were down 11 percent at 1,570 yen in afternoon trade, after falling as low as 1,521 yen. Chubu's tumble helped push Tokyo's electric and gas subindex down 2.7 percent. "This news is triggering uncertainty not just about Chubu Electric but the whole utility sector," said Yoshinori Nagano, a senior strategist at Daiwa Asset Management. "Investors are concerned that on the back of this news other reactors currently under inspection may not resume operations soon." Kan, under fire for his response to the crisis in northeast Japan after the March quake, said the government would try to prevent the halt of the Hamaoka reactors from causing power supply problems. Chubu has said it can meet peak demand of 25,600 MW even if Hamaoka shuts. But relying on thermal plants to fill the power gap would push up costs by 700 million yen ($8.7 million) a day -- or about 256 billion yen a year, double its projected profit of 130 billion yen in the year to March 2012. However, an unusually hot summer would raise the risk of Chubu not having enough capacity to meet peak demand, which could cause problems for Toyota Motor Corp and other major manufacturers with factories in the region. Chubu generates a relatively small proportion of its power from nuclear plants, accounting for 14 percent of the firm's total electricity generated in 2009/10. That was below a 30 percent average nationwide, while gas thermal power held a 47 percent share. ($1 = 80.630 Japanese Yen) (Additional reporting by Ayai Tomisawa; Editing by Nathan Layne and Jonathan Thatcher) World Japan Nuclear Power Tweet this Share this Link this Digg this Email Reprints   We welcome comments that advance the story directly or with relevant tangential information. We try to block comments that use offensive language, all capital letters or appear to be spam, and we review comments frequently to ensure they meet our standards. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. Comments (0) Be the first to comment on reuters.com. Add yours using the box above. Social Stream (What's this?) © Copyright 2011 Thomson Reuters Editorial Editions: Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom United States Reuters Contact Us Advertise With Us Help Journalism Handbook Archive Site Index Video Index Reader Feedback   Mobile Newsletters RSS Podcasts Widgets Your View Analyst Research Thomson Reuters Copyright Disclaimer Privacy Professional Products Professional Products Support Financial Products About Thomson Reuters Careers Online Products Acquisitions Monthly Buyouts Venture Capital Journal International Financing Review Project Finance International PEhub.com PE Week FindLaw Super Lawyers Attorney Rating Service Reuters on Facebook Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

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