Latest Tokyo Brief coverage on Hokkaido Electric Power Company, Incorporated, tracking filings, financial news, and market signals from Japan.
TSE:9509
Hokkaido Electric Power says the Tomari seawall will cost ¥125.5bn and still finish in August 2027, with schedule pressure from overlapping safety works in a cramped site and no earnings impact yet disclosed.
Hokkaido Electric is raising regulated and liberalized electricity tariffs from November 1, lifting a standard household bill from ¥11,115 to ¥11,596 as it passes through a higher grid-usage fee set by the region's grid operator.
Hokkaido Electric Power priced a 3.458% coupon on ¥30bn of new 10-year bonds and is routing the proceeds to its grid subsidiary for renewable-linked network upgrades, including expansion of the undersea interconnection with Honshu.
Hokkaido Electric's first public hybrid bond fixes a 3.393% coupon until 2033, runs to a 2063 maturity, and gives the utility discretion to defer interest payments, terms that let R&I and JCR count half the ¥80bn issue as equity rather than debt.
Current holdings disclosed by tracked funds.