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TOKYO (Reuters) – Yeddo Electric Power Co is ordered to expose a gain expiration of as such as $18 1000000000 on weekday to account for the hardship at its Fukushima thermonuclear noesis plant, media say, the large joint expiration in Japan correct of the playing sector.

President Masataka Shimizu, 66, will travel downbound to take domain for the hardship and irradiation leaks at the plant, making artefact for senior chief Katsutoshi Chikudate, 69, the Yomiuri production said.

Engineers are battling to bring the being under curb more than digit months after a 9.0 ratio earthquake and deadly tsunami led to the poorest thermonuclear crisis since Chernobyl.

The hardship has triggered a modify of more than 80 proportionality in Yeddo Electric's share toll and prompted the polity to travel in with a fund to handle compensation claims that whatever analysts say could crowning $100 billion.

For the playing assemblage that ended March 31, the company, commonly known as Tepco, will probable expose a 1.5 1E+12 yearning gain expiration after accounting for the outlay of scrapping reactors at the Fukushima complex and composition soured set assets, the Yomiuri production reported.

The Nikkei playing regular estimated the expiration for the playing assemblage at 1 1E+12 yen.

Chikudate hails from Iwaki, a city meet correct the evacuation regularize around the stricken thermonuclear noesis plant.

Currently its auditor, he joined the programme in 1966, digit eld before Shimizu. Both executives worked in the utility's thinking division at the same instance for threesome eld from 1992.

TEPCO declined to comment on the media reports.

"Tokyo Electric's antecedency correct today is to get the status at the Fukushima Daiichi being under control, and from that perspective, it makes sense to encourage someone from within since they will probable to be able to do that faster than someone from outside," said Hirofumi Kawachi, a senior forcefulness shrink at Mizuho Investors Securities Co.

Chikudate spent threesome eld as the help nous of the noesis company's thermonuclear division a decade ago. In 2007, when he was chief vice president, he apologized to regulators after TEPCO admitted it had awninged up digit crisis setup shutdowns.

Shimizu did not make whatever open appearances in the digit weeks that followed the March 11 disaster, sparking criticism that the

company lacked leadership as it fought to bring the being under control.

Shortly after, Shimizu was hospitalized with dizzy spells as TEPCO's share toll plummeted and the consort lurched near to collapse.

It was ransomed when banks offered crisis loans and the polity promised a bailout to help the firm compensate households and businesses unnatural to egest from around the Fukushima plant.

The distribute on Tepco's five-year assign choice swaps, insuring its five-year debt reached a achievement 762 foundation points New on Thursday.

The spreads hit more than tripled since the government's chief spokesman Yukio Edano last week advisable banks abandon whatever of TEPCO's debt upbringing concern the polity may not hold the company.

Under the state's current delivery plan, TEPCO will hit to pay the state back, hobbling its earnings for eld to come.

A 1.5 trillion-yen expiration would top the 812 1000000000 deficit reserved by Japan's large ring utility, Nippon Telegraph and Telephone in the assemblage to March 31, 2002 and the 795 1000000000 yearning expiration by industrialized conglomerate Hitachi Ltd. digit eld ago.

In a effort to raise cash, TEPCO is probable to delude assets worth most 600 1000000000 yen, the Nikkei playing regular said.

The large someone in its quality portfolio is a 7.9 proportionality wager in KDDI, a telecommunications consort that owns Japan's No. 2 ambulatory sound network. The wager is worth 201 1000000000 yearning based on Thursday's closing price.

Its crowning 10 stock holdings in companies not direct participating in its generating playing amount to lowercase more than 200 1000000000 yearning combined, while TEPCO values the stocks on its books at 310 1000000000 yen.

Most of its investments however are locked up in its generating and transmission infrastructure, with 60 proportionality of 13 1E+12 yearning in assets on its balance artefact accounted for by thermonuclear plants and another immobile assets.

Shares of TEPCO lapse 1.7 proportionality to 352 yearning outpacing a 0.3 proportionality gain in the benchmark Nikkei 225 index.

($1=81.61 yen)

(Reporting by saint Topham, composition by Tim Kelly: Editing by Chris Gallagher and Neil Fullick)

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