Tokyo Electric Power Company Holdings and Chubu Electric Power are considering integrating their thermal power generation business in fiscal 2018. It is believed that the deal may be formally announced in Spring 2017.
In 2015, the two utilities jointly set up JERA, a firm to oversee their thermal power business. The firm is equally funded by Tepco and Chubu Electric. If the deal clears anti-monopoly regulations, the joint firm would have about 40 per cent of Japan’s thermal power generation.