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Tohoku Electric Surges Most Since 2013 on Nuclear Restart Bets

Posted on AllSides May 27th, 2024
From The Left

Tohoku Electric Power Co. shares surged the most since 2013, leading other Japanese utilities higher, on signs its Onagawa No. 2 nuclear reactor is on track for a restart around September.

The stock jumped as much as 12% in Tokyo after the company said it completed the required safety construction work for the reactor in Japan’s Miyagi prefecture. The regional utility had aimed to complete the task in June.

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