The Tokyo Electric Power Company has reported a net loss of JPY137.7 billion for the third quarter ended December 31, 2008, compared to a net loss of JPY3 billion for the same period of 2007.
The energy company has reported operating revenues of JPY4.25 trillion for the third quarter of 2008, a 7% increase for the same period of 2007. On the revenue side, the electricity revenues increased 6.9% from the same term of the previous year to 3,820.0 billion yen due to the increase in electricity sales caused by the fuel cost adjustment system. The ordinary revenues increased 7.2% from the same term of the previous year to 4,306.2 billion yen (non-consolidated figure increased 7.5% from the same term of the previous year to 4,101.3 billion yen).
According to the report the company has made total electricity sales of 217.2 billion kWh, a 0.7% decrease from the same period of 2007.
The energy company’s report said that the ordinary expenses increased 16.7% from the same term of the previous year to 4,505.2 billion yen (non-consolidated figure increased 17.2% from the same term of the previous year to 4,346.1 billion yen) due to the substantial increase in fuel cost and electricity purchase expenses caused by fuel price spike in addition to the shutdown of the Kashiwazaki-Kariwa Nuclear Power Station.
The reason for decrease in electricity sales is that the sales of specific-scale demand were below the level of the same term of 2007 due to the decrease in large industrial power sector.
