Chugoku Electric Power Co., Chubu Electric Power Co., and Kyushu Electric Power Co. allege that they shaped a cartel to forestall competitors with Kansai Electric Power Co. over the sale of electrical energy to enterprise operators. In complete, I used to be ordered to pay a surcharge of greater than 100 billion yen. Kansai Electric Power Co. was exempt as a result of it was the primary to voluntarily report violations.
Chugoku Electric Power obtained an order to pay a surcharge of greater than 70.7 billion yen and a stop and desist order to forestall recurrence from the Fair Trade Commission.
Regarding this, the corporate commented, “We deeply apologize for the great concern and inconvenience caused to our shareholders, customers and other stakeholders.”
After that, “We will inform you again about the response to this matter and the efforts to prevent recurrence based on the contents of each order.”
At 5:30 pm, Chugoku Electric Power will maintain a press convention with President Natsuhiko Takimoto to clarify future responses.
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