Newcastle Port Coal Price Rises on Speculation Japan Will Need More Fuel

(Bloomberg) -- The price of power-station coal at
Australia's Newcastle port rose for the first time in four weeks
on speculation Tokyo Electric Power Co. may need to buy the fuel
after shutting its nuclear reactor.

Coal for immediate delivery at the world's largest coal
export harbor, increased 51 cents to $66.81 a metric ton in the
week ended July 27 from the previous week, according to the
globalCOAL NEWC Index. Tokyo Electric said it will run its
thermal and hydro power plants above their design capacity and
buy power from other utilities after shutting the world's biggest
nuclear reactor after a July 16 earthquake.


Read more at Bloomberg Energy News

Prime Minister Abe Rebukes Tokyo Electric Over Nuclear Leaks After Quake

(Bloomberg) -- Japan's Prime Minister Shinzo Abe
criticized Tokyo Electric Power Co. for being slow to disclose
radioactive leaks after an earthquake shut down its Kashiwazaki-
Kariwa nuclear power station, the world's biggest.

A magnitude 6.8 earthquake struck Niigata prefecture in
central Japan yesterday, killing nine people, causing
contaminated water to escape into the sea and radioactive
material to leak from a ventilation system. Tokyo Electric was
ordered to keep the facility closed pending safety checks. Its
shares dropped to a seven-month low.


Read more at Bloomberg Energy News