Hot winter leaves Kansai Electric in the cold

The decrease in electricity sales due to lesser power demand for heating forced Kansai Electric to revise its financial forecasts.

But what Kansai Electric Power Co. Inc. termed as a "relatively high-temperature in winter" was not the only culprit. It also claimed the decrease in fossil fuel cost due to increase in nuclear capacity factor and water flow and saving on other operating costs and other overall business operations as other reasons for their new financial forecast.

The revision covers the financial forecast for the period 1 April 2008 to 31 March 2009.

However, the Company has not changed its dividend forecasts for the year-end 30 yen per share, and the annual dividend of 60 yen per share for the fiscal year ending 31 March 2009.