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TOKYO (Reuters) – Japan's polity module not place a container on the liabilities faced by Yeddo Electric Power Co (9501.T) (Tepco) for restitution stemming from its crippled Fukushima Daiichi thermonuclear power plant, Chief Cabinet Secretary Yukio Edano said Monday.

Under Japanese law, the cause of a thermonuclear facility can be acknowledged an exemption from restitution caused by a setup if the happening was deemed to hit been triggered by "a grave natural hardship of an exceptional character."

Edano, responding to a discourse on the supply in a parliamentary committee, said the March 11 earthquake and wave that tore finished the Fukushima Daiichi being should not qualify for that exemption because a hardship of that scale had happened in the past and the risk of it occurring was known.

Tepco, Asia's maximal utility, has started making rectification payments to residents and local governments nearby the being who were unnatural to evacuate. But it has yet to determine how much it module hit to pay in total.

JP moneyman had estimated Tepco could grappling 2 1E+12 yearning ($25 billion) in rectification losses in the financial assemblage that started terminal month, patch Bank of America-Merrill Lynch had said the bill could accomplish $130 1000000000 if the crisis continues.

The polity is today working on a plot to support Yeddo Electric cope with compensation. Sources hit told Reuters that a fund module probable be ordered up to handle payment upfront, allowing Tepco to pay it backwards in installments over several years.

Whether the polity would ordered a container on Tepco's eventual liability has been a sticking point in the discussions over the scheme. Some sources hit said a container would be needed to maintain investor certainty in Tepco's bonds.

(Reporting by Mari Saito and Nathan Layne; composition by Linda Sieg; Editing by Joseph Radford and attorney Feast)

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