Latest Tokyo Brief coverage on The Kansai Electric Power Company, Incorporated, tracking filings, financial news, and market signals from Japan.
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Kansai Electric's Kanto Hapi e Plus basic charge goes to ¥1,071.65 from ¥830.72 for contracts of 6kW or less on November 1, while its per-kWh rates move only slightly, in line with revised wheeling terms.
Kansai Electric's modeled low-voltage bills rise 4.3% to 6.9% from 1 November as revised grid charges pass through, while sample high-voltage users on the current standard menu see 2.3% to 2.9% and extra-high-voltage examples 0.5%.
Kansai Electric powered down the Mihama Unit 3 reactor after workers found water dripping at three drops a second from a feedwater-heater valve fitting they could not isolate without a shutdown, and the utility has not set a restart date or identified a cause.
Kansai Transmission and Distribution's METI filing raises wheeling tariffs at every voltage level from November 1, with low-voltage connections taking the biggest hit, up ¥1.22 to ¥9.04 per kWh, a cost retail electricity suppliers pay before any pass-through to customer bills is decided.
Daiwa, Nomura and Mizuho will underwrite a Kansai Electric transition bond earmarked for nuclear-restart safety work, hydrogen co-firing research and grid renewal, but the utility still has not disclosed how large the issue will be.
Kansai Electric says its 826,000-kilowatt Mihama Unit 3 reactor, shut down in May after a high-pressure turbine steam leak, is scheduled to reconnect to the grid on September 15 once startup preparations following a casing-cap replacement are complete.
Kansai Electric will overhaul extra-high-voltage and high-voltage rate menus from November 1, citing inflation and rising capacity and non-fossil-certificate costs, and its own bill examples show the largest industrial users facing increases of about ¥22.22mn a month, a figure that excludes a separate, still-unpublished transmission-fee revision due the same day.
A loss-of-field alarm tripped the generator at Kansai Electric's Ohi Unit 3 on August 8, forcing an automatic reactor shutdown that the utility says caused no radioactive release, with the cause still under investigation.
The utility's amended report for the six months to September 2024 showed sales at ¥2.14tn, while ordinary income dropped to ¥319.24bn and operating cash flow to ¥136.29bn.
Revenue fell to ¥2.01tn and ordinary income slipped to ¥315.0bn in the six months to September, but profit attributable to owners rose to ¥232.9bn and net assets reached ¥3.31tn.
Kinden's self-tender bought 33.5 million shares from Kansai Electric and its subsidiary out of 73,412,898 tendered, setting up planned special profit of about ¥176 billion on parent-only accounts and about ¥105 billion on a consolidated basis for the year to March 2027. The useful distinction is that this is a one-off gain from trimming an equity-method affiliate stake, not a clean read on recurring earnings.