Exclusive-JERA begins study on US listing as it steps up overseas expansion, sources say

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Get bite-sized news via a newcards interface. Give it a try. Click here to return to FAST Tap here to return to FAST FAST TOKYO, July 17 : JERA, Japan's biggest power generator, has begun a feasibility study for a U.

S. listing as it explores means of expanding overseas and broadening funding options, said three people familiar with the matter.The unlisted company, owned by Tokyo Electric Power and Chubu Electric Power, has long viewed the Tokyo Stock Exchange as its primary listing option but is now exploring ways to deepen engagement with global investors as it accelerates its international expansion, the people said.

JERA has started examining U.S. market conditions, investor demand and regulatory requirements, said two of the people, who all declined to be identified as the matter is confidential.

The study is at an early stage and JERA has not made any decisions on details such as timing of an initial public offering, listing structure or market valuation, they said. CNA Games Guess Word Crack the word, one row at a time Buzzword Create words using the given letters Mini Sudoku Tiny puzzle, mighty brain teaser Mini Crossword Small grid, big challenge Word Search Spot as many words as you can Show More Show Less JERA has long signalled its intention to pursue an IPO to boost capital and corporate value. However, demand from overseas institutional investors for engagement has increased, prompting it to strengthen outreach, one of the people said.

Reuters is first to report JERA's considerations of a potential U.S. listing.

JERA declined to comment. Tokyo Electric and Chubu Electric were not available for comment.JERA SEEKS TO EXPAND GLOBAL PRESENCEJapan's biggest buyer of liquefied natural gas generates annual revenue of 3 trillion yen ($18.

48 billion) from assets of around 10 trillion yen. Its domestic power generation capacity is 59 gigawatts, including projects under development, and it supplies the equivalent of about 30 per cent of the country's power.JERA plans to invest 5 trillion yen from fiscal 2024 through 2035, targeting net profit of 350 billion yen by that point from 183.

6 billion yen in fiscal 2025.The utility, which handles about 35 million metric tons of LNG annually, has been expanding LNG supply chains through upstream investment, fuel procurement and trading, with recent investment and procurement focused on the U.S.

It has also been expanding its renewable energy busine