Tokyo Elec to accept Y1 trln public fund injection -sources

TOKYO | Wed Jan 25, 2012 7:24pm EST

TOKYO Jan 26 (Reuters) - Tokyo Electric Power Co will accept a 1 trillion yen ($12.8 billion) public fund injection, sources familiar with the matter said on Thursday, effectively nationalising the operator of the tsunami-crippled Fukushima nuclear power plant.

But the utility, known as Tepco, is dragging its feet over a plan by the state-backed Nuclear Damage Liability Facilitation Fund to take at least a two-thirds stake that would give it a big say in managing the firm as it struggles with a massive cleanup and compensation bill after the nuclear crisis, the sources said.

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