The Kansai Electric Power Company, Incorporated | Dismissal of a Director (Nozomu Mori) at The Kansai Electric Power Company, Incorporated

Status
AGM passed
AGM date
Proposal number
10
Resolution details
Company ticker
9503
Lead filer
Undisclosed filer
Resolution ask
Amend board structure
ESG theme
  • Governance
ESG sub-theme
  • Other
Filer type
Shareholder
Company sector
Utilities
Company HQ country
Japan
Resolved clause
The following Director shall be dismissed. Nozomu Mori, Director
Supporting statement
The Company is proceeding with plans to construct dry storage facilities for spent nuclear fuel at nuclear power plant sites in Fukui Prefecture. It has obtained partial approval from the Nuclear Regulation Authority and is currently seeking prior consent to commence construction based on agreements with Fukui Prefecture. While the Company has committed to Fukui Prefecture to begin the transfer of the stored fuel to interim storage facilities by the end of 2035, it has no clear prospect of independently securing such facilities outside Fukui Prefecture. Instead, it is effectively reliant on the potential joint use of the Mutsu Interim Storage Facility, which Tokyo Electric Power Company (TEPCO) has proposed to Mutsu City. Furthermore, due to delays in the review process under the new regulatory standards for the Rokkasho Reprocessing Plant, the originally intended destination of the stored fuel, the Company was unable to obtain the anticipated prior consent from Fukui Prefecture last autumn, as the prefecture has concerns over the destination. As a result, the Company was forced to postpone the start of construction, which had been scheduled for FY2025. Storing spent fuel on-site without a secured destination constitutes a breach of the previous commitment to transport such waste outside Fukui Prefecture. It is unacceptable to shift this burden onto future generations. The responsibility for repeatedly resorting to stopgap measures is significant and warrants dismissal.

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