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TOKYO, Oct 5 (Reuters) - Tokyo Electric Power Co Holdings President Naomi Hirose said that he had requested the government take "structural" action because there was a risk of insolvency, Jiji news agency reported on Wednesday.
Other Japanese media reported that a new government panel had agreed that management reform at Tepco was necessary at its first meeting earlier in the day.
Shares in Tepco were down 3 percent in afternoon trade.
Reporting by Osamu Tsukimori and Yuka Obayashi; Editing by Edwina Gibbs