May 11, 2011

The operator of Japan’s crisis-hit nuclear plant has agreed to drastic restructuring in return for government help paying a huge compensation bill.

The conditions agreed by Tepco include massive cost-cutting, no upper limit for compensation payouts and accepting an investigation of its management.

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The move comes exactly two months after the devastating earthquake and tsunami.

Earlier Tepco said it had found another leak of highly contaminated water into the sea but was able to halt the flow.

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