Tokyo Electric Power Company Holdings Inc. (TEPCO) has informally decided to decommission the No. 1 reactor at its Fukushima No. 2 Nuclear Power Plant, it has been learned.
In the wake of the March 2011 Great East Japan Earthquake and tsunami and ensuing meltdowns at the Fukushima No. 1 plant in Fukushima Prefecture, local bodies and residents of the area who suffered extensive damage requested that all four reactors at the No. 2 plant also be decommissioned.
TEPCO had avoided stating a clear position on the No. 2 plant's reactors, but there had been pressure from the government and ruling coalition for it to make a decision. The company accordingly decided to decommission the plant's No. 1 reactor, which suffered the most damage, and will consider what to do with the other three reactors in the future.
The No. 1 reactor of the Fukushima No. 2 plant began operating in 1982. It was flooded by tsunami on March 11, 2011, and all four reactors at the plant remain idled. The No. 2 plant suffered less damage than the No. 1 plant, and if it passed screening by the Nuclear Regulation Authority, its reactors could be restarted. But the Fukushima Prefectural Government and all 59 local assemblies have asked TEPCO and the government to decommission all reactors in the prefecture.
TEPCO has remained busy handling compensation claims relating to the Fukushima nuclear disaster and the disaster cleanup. If it were to decommission all of the No. 2 plant's reactors, they would lose value and it would have to write down huge losses. Company president Naomi Hirose has therefore avoided taking a clear position on the issue, saying, "I would like to consider it and make a decision as a business operator."
Last year, however, officials decided to create a fund to cover the huge cost of handling the nuclear disaster, which is expected to reach 21.5 trillion yen, nearly double the original prediction. There was accordingly pressure from the government for TEPCO to reach an early decision on the fate of the No. 2 plant's reactors.
The No. 1 reactor at the No. 2 plant is the oldest of the plant's four reactors. It temporarily lost its cooling functions in the March 2011 disaster, and suffered the most damage among the four reactors. TEPCO believes that by limiting decommissioning to one reactor for the time being, it will be able to hold the decommissioning cost below 100 billion yen, minimizing the impact on company finances and on decommissioning work at the Fukushima No. 1 plant. However, a decision to decommission only one reactor at the No. 2 plant is unlikely to win public approval.