In its consolidated financial statement for the period from April to June 2013 released on July 31, Kyushu Electric Power Company reported a net loss of ¥59.15 billion. Due to cost-cutting efforts, the company managed to reduce its red ink by 41% over last year’s mark of ¥100.9 billion. Kyuden also added ¥6.9 billion in revenues for the quarter on the back of this spring’s rate hike. Fuel costs increased 4.9% to ¥178 billion year-on-year and were 3.1 times higher than the period of April to June 2010 when Kyuden’s nuclear power plants were running normally. At a press conference, Kyuden President Michiaki Uryu declared, “If the red ink continues, we may have to brace ourselves for a capital fund deficit. We strongly hope to restart our nuclear power plants promptly.” Source: Nishinippon Shimbun, Aug. 1
