The Kansai Electric Power Company, Incorporated | Partial Amendment to the Articles of Incorporation of the Company: Prohibition on the transport of spent nuclear fuel to Mutsu City at The Kansai Electric Power Company, Incorporated

Status
AGM passed
AGM date
Proposal number
13
Resolution details
Company ticker
9503
Resolution ask
Adopt or amend a policy
ESG theme
  • Environment
ESG sub-theme
  • Waste and pollution
Filer type
Shareholder
Company sector
Utilities
Company HQ country
Japan
Resolved clause
The chapter described below shall be newly established in the Articles of Incorporation of the Company. Chapter 10 Spent Nuclear Fuel (Prohibition on the Transport of Spent Nuclear Fuel to Mutsu City) Article 49 Spent nuclear fuel shall not be transported to the interim storage facility in Mutsu City, Aomori Prefecture.
Supporting statement
It has long been said that “nuclear power plants are like condominiums without toilets,” and the Company is now approaching a critical point. Storage capacity at nuclear power plant sites is nearing its limit, and the ad hoc measures taken to date have backfired. Interim storage facilities have not been realized as originally promised, and the Company is attempting to cope by installing dry storage facilities on-site. However, this merely adds another act of bad faith, as the Company has repeatedly failed to honor its commitment to transport waste outside the prefecture. Transporting spent fuel to France under the framework of the Federation of Electric Power Companies of Japan (FEPC) is also no more than a temporary measure. The Company has announced a plan to jointly develop an interim storage facility with Chugoku Electric Power in Kaminoseki, Yamaguchi Prefecture. However, the scale and construction schedule remain unclear, and the Company’s commitment appears insufficient. Local opposition remains strong, and even if the project is realized, it would take more than a decade. The completion of the Rokkasho Reprocessing Plant is also still not in sight. At present, the Mutsu Interim Storage Facility is the only facility capable of providing an immediate solution. The facility was originally planned to accept fuel only from the TEPCO and Japan Atomic Power Company. It would be misguided to attempt to utilize it on an ad hoc basis by taking advantage of its surplus capacity and anticipated revenue shortfalls (even under the framework of the FEPC).

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