Tokyo Electric Power Company is set to scrap all four reactors at the Fukushima Daini nuclear plant in northeastern Japan. The reactors have been offline since the March 2011 earthquake and tsunami.
TEPCO is expected to reach a formal decision as early as this month. The plant is located about 12 kilometers south of the Fukushima Daiichi plant that was severely damaged in the 2011 disaster.
They will be the first reactors to be decommissioned since those at Fukushima Daiichi, where such work is still underway.
The decision would mean all 10 reactors in Fukushima Prefecture will be decommissioned.
Fukushima Governor Masao Uchibori has repeatedly demanded that the reactors at the Daini plant be scrapped.
In June last year, TEPCO President Tomoaki Kobayakawa said the company would consider doing so.
The utility estimates that the equivalent of about 2.6 billion dollars will be needed to decommission the Daini plant.