Oil Report

TEPCO:Don't expect quake-hit plant to restart '08/09

TOKYO, July 28 (Reuters) - Tokyo Electric Power Co 9501.T (TEPCO), Asia's biggest utility, said on Monday its earnings forecasts for the year to March 2009 were based on the premise that it would not be restarting its quake-hit Kashiwazaki-Kariwa nuclear power plant.

TEPCO said it expected its nuclear power plants to operate at an average of about 43 percent of their capacity in the year to next March, compared with 44.9 percent in the year ended on March 31.

Its run rate has stayed low after it was forced to indefinitely shut down its Kashiwazaki-Kariwa plant, the world’s largest, in northwestern Japan, after a powerful earthquake on July 16, 2007.

The run rate was 74.2 percent in the year ended March 2007, before the shutdown of the plant. (Reporting by Osamu Tsukimori)